1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anastasy [175]
3 years ago
5

In order to implement a cost-leadership strategy effectively, a ________ structure is preferred in a firm. functional and organi

c functional and mechanistic simple and organic simple and m-form
Business
2 answers:
Delvig [45]3 years ago
8 0
In order to implement a cost-leadership strategy effectively, a <span>functional and mechanistic</span> structure is preferred in a firm. The cost leadership strategy in business was developed by Michael Porter regarding competitive advantage. The ultimate goal is to achieve the lowest cost of manufacturing and operating your product within the industry. 

kicyunya [14]3 years ago
3 0

The answer to filling in the missing parts is <u><em>functional and mechanistic</em></u>

<h2>Further explanation </h2>

The cost leadership strategy is a low-cost competitive strategy aimed at broad markets and requires "aggressively building, efficient scale facilities, intense price reductions, strict cost and cost control, avoidance of marginal customer-customer delays, and minimizing costs such as R&D, services, salespeople, advertisements and so on. Low prices serve as a barrier to competitors entering the industry, and only a few can match the cost advantage of leaders.

To carry out this strategy, companies must ensure that the total cost across the entire value chain is lower than the total cost of competitors in two ways, namely:

  1. Carrying out value chain activities more effectively than competitors and controlling various factors that might boost the costs of value chain activities.
  2. Update the company's entire value chain to eliminate or cut activities that add costs.

Low-cost leadership strategies will be very effective in the following conditions:

  1. when competing prices between competing sellers are very tight
  2. When competing seller products are essentially the same and supplies are available from all sellers.
  3. When there are several ways to achieve product differentiation that has value for buyers.
  4. When most buyers use the product in the same way.
  5. When the buyer only incurs a small cost to move to buy from one seller to another seller.
  6. When buyers are so large and have the significant bargaining power to ask for a price reduction.
  7. When new industrial entrants use low introductory prices to attract buyers and build a consumer base.

Learn more

Cost leadership strategy brainly.com/question/6214273, brainly.com/question/7425242

Details

Class: High School

Subject: Bussines

Keyword: Cost leadership strategy.

You might be interested in
Choose a country (not the U.S.) and describe how, in your view, starting up a firm in that foreign country would be different fr
Serggg [28]

Answer:

The description is for Colombia.

Explanation:

In Colombia and any Latin American country, the business creation process is usually more complicated due to the different types of legal procedures that must be carried out, which often ends up increasing informality levels. In the United States, the process is usually easier, since it takes no more than three days and can be done electronically. In Colombia, for example, a different procedure must be carried out for each national or territorial body (local and national taxes), commercial constitution, among other procedures that take approximately one month to complete. In addition, many of these obligations require the advice of a certified accountant who is the most suitable professional to carry out this procedure.

7 0
3 years ago
_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a
hjlf

Answer:

Insurable interest

Explanation:

The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable,  and protected against any harmful acts done intentionally

Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest

Hence, the first option is correct

5 0
3 years ago
Kevin thought the laptop was priced too high, but when he found out that it came with a free printer, he decided it was worth th
tiny-mole [99]

Answer:

The correct answer is: door in the face.

Explanation:

The door-in-the-face technique takes place when an individual requests something more than what is offered but the offering is eventually turned down. However, the individual turning down the initial request usually places a reasonable counteroffer so the firs subject complies.

6 0
3 years ago
In an organic organization:_______
Romashka-Z-Leto [24]

Answer:

d. employees are encouraged to develop knowledge and expertise outside of their specialization.

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

In an organic organization unlike a mechanistic organisation, employees are encouraged to develop knowledge and expertise outside of their specialization rather than being static or inflexible.

6 0
3 years ago
Read 2 more answers
Andre's Dog House had current assets of $67,200 and current liabilities of $71,100 last year. This year, the current assets are
e-lub [12.9K]

Answer:

$1400

Explanation:

Net working capital is obtained by subtracting total current liabilities from total current assets.  Current assets and liabilities are expected to be used or paid within one year.

Change in net working capital would be the change in current assets - change in current liabilities.

last year  current assets  $67,200 : current liabilities $71,100

This year  current assets  $82,600 : current liabilities  $85,100

change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}

                     =$15,400 -14,000= -$1400

Change in networking capital = $1400

8 0
2 years ago
Other questions:
  • What three reasons are protectionists likely to offer to support their position?
    10·1 answer
  • Lisa and mandy have a contract. mandy wants out of the contract; carla sue is willing to take mandyís place, which is satisfacto
    7·1 answer
  • Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts tota
    5·1 answer
  • The annual demand is 8,000 units, the cost to place an order is $50, and the holding cost for each assembly is $20 per year. the
    5·1 answer
  • Rustic Living Furniture Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year inc
    11·1 answer
  • 2017 Sold $1,351,700 of merchandise (that had cost $981,800) on credit, terms n/30. Wrote off $21,500 of uncollectible accounts
    10·1 answer
  • FIFO reports higher gross profit and net income than the LIFO method when a.prices are increasing b.prices remain stable c.price
    10·1 answer
  • A job search should be treated like a full time job.
    15·1 answer
  • Market Street Grocery carries a complete line of products that appeal to Hispanic customers. Market Street buys cleaning product
    7·1 answer
  • You have $55,000 in a savings account that pays 2% interest per year.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!