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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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The answer would be Health and Government, I believe.

7 0
3 years ago
Suppose a firm receives $10 for selling one additional unit of its product but that additional unit costs the firm $1 to produce
elena-s [515]

The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.

<h3>What is producer surplus?</h3>

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production

Producer surplus = price – cost of proeuction

$10 - $1 = $9

To learn more about producer surplus, please check: brainly.com/question/15282739

6 0
2 years ago
Does biden have the political capital to pass his social infrastructure bill
lisov135 [29]

Based on the current political situation, Yes, <u>President Biden</u> has the political capital to pass his social infrastructure bill.

<h3>What is Political Capital?</h3>

Political Capital is a term used to describe the total resources and power established through connections, trust, goodwill, and influence among politicians over time.

Given that President Biden was once a senator and Vice President of the United States, he must have built many cordial relationships among many old-time senators and representative members in the US Congress.

Hence, in this case, it is concluded that the correct answer is " <u>Yes, President Biden has the political capital to pass his social infrastructure bill."</u>

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8 0
2 years ago
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At the minimum wage (set above the equilibrium wage),
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C. None of the individuals who end up working are paid more than if the were paid the equilibrium wage.
3 0
3 years ago
The Federal Financial Institutions Examination Council (FFIEC) promotes uniform practices among the federal financial institutio
rosijanka [135]

Answer:

The correct option is 1

Explanation:

The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions.

FFIEC was established in March 10, 1979, pursuant to title X of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA).

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