Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputation for excellent customer service will most likely result in a sustainable competitive advantage.
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Explanation:</u></h3>
When a firm offers its customers with any products that has higher quality and benefits or lower price that its competitors then it refer to the competitive advantage. It is the advantage that the firm attains when compared with their competitors.
There are many different kinds of competitive advantage that can be used by a firm such as cost, product differentiation, niche strategies, etc. It is the thing that is absent in the competitors. In the given example, Nordstrom has well known reputation for the service that it gives for its customers and hence it is the likely result of sustainable competitive advantage.
Answer:
The book gives a clear knowledge of marketing at both the strategic and conceptual level as well as the ____.
tactical, hands-on level
Explanation:
At the highest level of marketing management is the strategic level, which is more conceptual. Down the scale is the tactical marketing plan, which specifies the marketing tools and techniques which a company will use to meet its marketing goals. At this level, the tactical tools in use include advertising, sales promotions, and other activities that directly implement the strategic marketing plan. The tactical level reduces the business strategic goals to marketing objectives.
Since their is no choices he shouldn’t never touch the money and keep adding cash it increase it over time.
Answer:
The amount of the cash flow to creditors is $74
Explanation:
Beginning of the year:
Long-term debt = $308
Total debt = $339
At the end of the year:
Long-term debt = $269
Total debt = $349.
Interest = $35
Net new borrowing = Ending Long-term debt - Beginning Long-term debt
= $269 - $308
= ($39)
Cash flow to creditors = Interest paid - Net new borrowing
= $35 - ($39) = $ 74
