The offerings of rival firms are essentially identical, standardized, commodity-like products.
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Explanation:</u></h3>
Strategy refers to the plans that are made and executed by a firm in achieving the objectives. Niche refers to the segment of customer that is being focused by a business in selling its products and services. When any company sells its products and services at a lower cost than its competitors then it will achieve success and also will survive in the market rivalry.
Differentiation refers to the process of selling the similar products at different prices to different consumers of different market. A strategy to overall low-cost provider of the industry tending to be more appealing when compared with the differentiation or best-cost or focus/market niche strategy when The offerings of rival firms are essentially identical, standardized, commodity-like products.
Answer:
As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.
Answer:
The reason the government is often more responsive to producer interests than to consumer interests when it comes to the imposition of tariffs and quotas is:
it wants to ensure that producers are protected from foreign competition.
Explanation:
Producers face foreign competitive threats. Consumers do not face such competition. Therefore, the government will often consider the producers' interests more than the consumers' interests when imposing trade tariffs and quotas. If local industries are not protected from their foreign competitors, the unemployment rate will increase and the economy will be flooded with cheap and low quality goods from other countries. In that way, the US will be subsidizing the foreign producers indirectly.
Question options:
a. facility-challenged
b. substandard
c. tier 1
d. noncomprehensive
Answer:
d. noncomprehensive
Explanation:
Oliver has a noncomprehensive long term care(LTC). A non comprehensive long term care is policy that restricts services to the ones provided at a nursing facility, and so Oliver pays for the benefits of only the services of a nursing facility . It is different from a comprehensive long term care where services cover and can be provided at an adult day care, home, assisted living facilities, or at nursing facilities.
Answer:
Firms may have to bid up stock price to complete repurchase, thus paying too much for its own stock.
Explanation:
Generally, the price of stocks are not fixed, so it might take a long time for a stock repurchase or buyback to be completed. Investors like buybacks since they tend to increase the price of stocks, but it makes them more expensive for the corporation to repurchase them.
Buybacks are seen positive by investors because they will eventually increase the earnings per share (by decreasing the number of shares outstanding) and they are also taxed in a lower rate than normal income. Management will tend to start buybacks when they believe the stock price is undervalued and they have excess cash. This way they will achieve achieve two objectives with one action:
- lower equity costs
- increase stock price
