Answer:
The correct answer is: marginal cost; average variable cost.
Explanation:
The supply curve of a perfectly competitive firm is equal to its marginal cost curve above the minimum point of its average variable cost. This happens because the firm supplies at the point where its price is equal to marginal cost and covering the average variable cost.
In case the product price does not cover the average variable cost, the firm will stop production.
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
The correct answer is false.
Hope that helped you! c:
Answer:
The Correct answer is A
Explanation:
Strategy of low cost is the kind of the pricing strategy, in which the business or organization, offers or provide the products or services at low price. This strategy helps in stimulating the demand as well as gain or acquire the higher market share.
So, the strategy which is competitive and also the low cost provider in the industry work well when:
1. Newcomers in the industry uses at the introductory stage, the low prices so that could attract the buyers.
2. The competition on the price between the rivals sellers is vigorous.
3. The buyer also incur the low costs while switching the purchases from seller to another seller.
4. The product which are commodity grounded prevail as well as has minimal differentiation.
Answer: possible options:
A.growth market is to a differentiation-based strategy
B. broadly-defined target market is to a cost leadership strategy
C. growth market is to a cost-based strategy
D. technological innovation is to cost-based strategy
Answer is B
Explanation:
Companies that use a cost leadership strategy and those that use a differentiation strategy share one important characteristic: both groups try to be attractive to customers in general. These efforts to appeal to a broad range of consumers can be contrasted with strategies that involve targeting a relatively narrow niche of potential customers. These latter strategies are known as focus strategies (Porter, 1980).
Focused cost leadership is the first of two focus strategies. A focused cost leadership strategy requires competing based on price to target a NARROW MARKET. A firm that follows this strategy does not necessarily charge the lowest prices in the industry. Instead, it charges low prices relative to other firms that compete within the target market. For example, you might be able to buy milk cheaper by driving to a big-box grocery store in your local community or town, but the local corner store is the cheapest within walking distance. Redbox, a major DVD rental company, uses vending machines placed outside grocery stores and other retail outlets to rent DVDs of movies for $1. There are ways to view movies even cheaper, such as through the flat-fee streaming video subscriptions offered by Netflix. But among firms that rent actual DVDs, Redbox offers unparalleled levels of low price and high convenience.
