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elena-s [515]
3 years ago
12

What are value drivers? a set of factors (analogous to cost drivers) that are particularly effective in having a strong differen

tiation effect a set of factors that verify the unique nature of a firm a set of guidelines for identifying the most promising upscale attributes to incorporate into a product a firm's hidden success factor for creating over-the-top product features that will command the highest price in the industry a technique for easily identifying factors that validate a firm's performance
Business
1 answer:
asambeis [7]3 years ago
8 0

Answer:

A set of factors (analogous to cost drivers) that are particularly effective in having a strong differentiation effect

Explanation:

Value drivers refers to the value addition to a product or a service by a firm, which drive customers towards purchasing such products. Such additions also help distinguish a firm's own products from those of the competitors.

Value drivers could be in the form of using superior latest technology or creation of better brand awareness, etc. Such drivers also help the firm attain a competitive advantage over it's rivals.

Competitive advantage refers to possession of some unique resource or skill, which is hard to be replicated by the rival firms and which helps such a firm gain a competitive edge in the industry. For example, highly skilled workforce.

A firm strives to add more and more of such value drivers so as to gain competitive advantage in as many business spheres as possible and realize it's business goals effectively.

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The Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.
RideAnS [48]

Answer:

True

Explanation:

Industrial Revolution can be regarded as transition from old to the new manufacturing processes which begins from some part of the world such as

Europe and United States, within some period from of 1760 and it's improving up till date. Some of the causes of Industrial Revolution are development of trade as well as the rise in business activities. It should be noted Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.

5 0
3 years ago
Help with economics?
umka2103 [35]
Changes in commodity prices
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3 years ago
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Alexeev081 [22]

Answer:it is 10,000

Explanation:

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3 years ago
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a list of accounts and their balances after all adjustments have been made and posted to the general ledger is known as the g
s2008m [1.1K]

Answer:

Adjusted trial balance

Explanation:

8 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of milk is $2.50 per gallon. Complet
Darina [25.2K]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.

Binding:-The binding price ceiling is below the equilibrium price.  

Unbinding:-The unbinding price ceiling is above equilibrium price.  

Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.  

Binding:-The binding price floor is above the equilibrium price.  

Unbinding:-The unbinding price floor is below the equilibrium price.

It is given that the equilibrium price of milk is $2.50 per gallon.

Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.

Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.

Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.  

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