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WINSTONCH [101]
3 years ago
12

We note in the mini-case that hian celestial is implementing the differetiation strategy. Provide examples of competive dimensio

ns on which this firm focuses while implementing its differentiation strategy?
Business
1 answer:
jolli1 [7]3 years ago
6 0

Some of the dimensions on which Hain celestial focuses while adopting differentiation strategies are-

  • Adequate targeting of potential group/segment
  • Affordability as well as accessibility of the product
  • Discounts and coupons for achieving targets

Explanation:

Hain celestial is one of the leading food company in the US. To increase its market reach and dominance it is utilising differentiation strategy on the following aspects-

  • Adequate targeting of potential group/segment- The firm through adequate targeting of potential users is trying to expand its consumer base as well as trying to make its presence felt in mid-range segment i.e. the most prosperous segment of the modern world.
  • Affordability as well as the accessibility of the product- Through caring for affordability and accessibility, the company wants to increase sales growth and utilising the prospects used by FMCG sector. It also tries to exert pressure on rivals by slashing its revenue per unit but increasing it holistically.  
  • Discounts and coupons for achieving targets- Through this, the company not only aims at increasing brand value and awareness but also complete the sales target for the period. It also places the company at a comparatively advantageous position.

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Answer:

Henri's 2006 salary in 2001 dollars =$46,666.66

Explanation:

A rise in the price index implies inflation

Inflation is the increase in the general price level. Inflation erodes the value of money.  

This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.  

So we can determine the salary in the base year value  as follows:  

2006 Salary in the base year terms=

CPI base year/CPI in the current year × salary in the current year

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Salary in the current year - 70,000

Henri 2006 Salary in 2001 Dollar

=177/265.5 ×70,000/265.5 = 46,666.66

Henri's 2006 salary in 2001 dollars =$46,666.66

8 0
3 years ago
Compare and contrast the risks and goals of entrepreneurs and inventors.
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The difference between an inventor and an entrepreneur is that, an inventor develops new services and goods but he does not have them to the market. An entrepreneur risks resources may it be human, capital or natural in order to bring to the market improved and new products.

The risk which is incurred between entrepreneur and inventor is that, entrepreneur undergoes huge financial risks because a lot of money is being invested while inventor has low financial risk since there is no big investment which is being required.


4 0
3 years ago
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$60,000,000

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