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dolphi86 [110]
3 years ago
9

Happy Foods and General Grains both produce similar puffed rice breakfast cereals. For both companies, the cost of producing a b

ox of cereal is 45 cents, and it is not possible for either company to lower their production costs any further. How can one company achieve a competitive advantage over the other?
Business
1 answer:
labwork [276]3 years ago
3 0

Answer: introduce more differentiation

Explanation: Product differentiation is a method of using various tactics to make a product stand out from the rest of the similar products sold by a competitor, in an effort to make it more appealing to its customer base. This means differentiating the product so much, that it will make it more attractive for customers to buy. This can be anything from making the product's packaging more aesthetically appealing, including some form of a bonus/gift for purchasing the product (like getting a free toy in each cereal box) etc. In the end by applying product differentiation the one company will increase the customer benefits of purchasing this product from them, hereby gaining a competitive advantage over the other company.

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Suppose the current price of a good is $130. At this price, the quantity supplied is 125 units, and the quantity demanded is 165
Natali5045456 [20]

Answer:

Equilibrium quantity: 145

Equilibrium price: $140

Explanation:

In order to find the answer, first we determine the current difference between quantity supplied and quantity demanded.

Quantity supplied - quantity demanded = difference

125 - 165 = -40

So we have a shortage of -40 units.

We have the information that a $1 increase in price increases supply by 2, and decreases demand by 2. Thus, in order to close the shortage, we need a $10 price increase, because this will raise supply by 20 units, and lower demand by 20 units as well, bringing the 40 gap to 0.

For this reason, the equilibrium quantity is 145 units, and the equilibrium price is $140.

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2 years ago
A problem is listed below. Identify its type. A certain company has purchased new swivel chairs for its employees. The company m
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Answer:

it is 12.8%

Explanation:

cause it is

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2 years ago
Brian is thinking of taking a job as a waiter. What is an associated monetary cost that he should consider?
RUDIKE [14]
C.uniforms is the answer
3 0
3 years ago
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the ye
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The answer is $34,990
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3 years ago
A manufacturer reports the following costs to produce 10,000 units in its first year of operations:
rewona [7]

Answer:

Option (C) is correct.

Explanation:

Variable overhead per unit:

= Variable overhead ÷ Total units produced

= $70,000 ÷ 10,000

= $7 per unit

Fixed overhead per unit:

= Fixed overhead ÷ Total units produced

= 120,000 ÷ 10,000

= $12 per unit

Total product cost:

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= 10 + 6 + 7 + 12

= $35 per unit

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