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3 years ago

When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?

1 answer:

5 0

The answer to the missing word on the statement above is market focus. When a firm competes in a geographically defined specific are, it is using a market focus. For a business to be market-focused, you have to look outside the company for input and data essential to create strategic and tactical judgements. Market focus means you have to have a great deal of understanding your customers. It also means you have to know your competitors very well, and anticipate their next moves.

You might be interested in

In personal branding the price component of the marketing mix

shepuryov [24]

In price branding, here are the price components of the marketing mix:
- suggested retail price ror SRP
- seasonal pricing
- price discrimination
- Price strategy
- Cash and early payment discounts
- bundling
- Price flexibility

7 0

3 years ago

Changes in tariffs and quotas are A) a means of slowing outsourcing. B) corporate strategies designed to maximize profits. C) bu

kicyunya [14]

Answer:

E) government actions that reduce competition from international firms.

Explanation:

Quotas place a limit on the amount of goods that can be imported.

A tariff is a tax levied on imported goods.

Tariffs and quotas are imposed by the government and they limit the amount of import flowing into a country. This reduces the amount of competition from international firms.

I hope my answer helps you

6 0

4 years ago

The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will

Triss [41]

Answer and Explanation:

Given that

The Sale is made for $900

Terms 2/10, n/30 that means if the payment is made within 10 days than 2% discount is eligible and the total credit period allowed is 30 days

Now the journal entry to record the receipts of a payment within discount period is

Cash Dr $882

Sales discount $18

To Account receivable $900

(Being the cash received)

3 0

3 years ago

Assume that the CAPM holds. One stock has an expected return of 8% and a beta of 0.5. Another stock has an expected return of 13

Zolol [24]

Answer:

10.5%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For one stock

8% = Risk-free rate of return + 0.5 × (Market rate of return - Risk-free rate of return)

8% = Risk-free rate of return + 0.5 × Market rate of return - 0.5 × Risk-free rate of return

8% = 0.5 × Risk-free rate of return + 0.5 × Market rate of return

8% ÷ 0.5 = Risk-free rate of return + Market rate of return

So, Risk-free rate of return + Market rate of return = 16

Risk-free rate of return = 16 - Market rate of return - 1

For another stock

13% = Risk-free rate of return + 1.5 × (Market rate of return - Risk-free rate of return)

13% = Risk-free rate of return + 1.5 × Market rate of return - 1.5 × Risk-free rate of return

13% = - 0.5 × Risk-free rate of return + 1.5 × Market rate of return - 2

Now put these equations together

13% = - 0.5 × (16 - Market rate of return) + 1.5 × Market rate of return

13% = - 8 + 0.5 × Market rate of return + 1.5 × Market rate of return

So, Market rate of return would be

= 21 ÷ 2

= 10.5%

4 0

3 years ago

Costs which are always relevant in decision making are those costs which are: A. Variable B. Avoidable C. Sunk D. Fixed

Eddi Din [679]

Answer:

B. Avoidable

Explanation:

A relevant cost is a cost that only relates to a specific management decision. This means that a relevant cost is a cost that differs between alternatives being considered . Fixed , Variable and Sunk cost will always exists so they are not relevant when comparing two alternatives.

Avoidable costs, will exists if we choose a particular alternative. So it's relevant for your decision.

4 0

4 years ago