Answer:
either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.
Explanation:
Competitive advantage is the edge that a firm has over others in the same industry that results in higher profit margins for them.
One of the importance competitive advantages is price advantage.
This results from the firm being a low cost leader. Their cost of production is low enough for them to attract customers that are price sensitive leading to increased profits.
Also they can underprice their competitors or earn profit margins on the reduced cost of production per unit
Answer:
committee
Explanation:
<u>The process in which a whole collection is involved in making the best and most rational decision is called committee decision making.</u>
<u>These committees should decide jointly about the best strategic arrangement, and the whole process should be done in agreement, unity, and harmony.</u> Members should have the spirit of collectivism, should respect other people's decision and all share their input regarding the decision.
Answer:
D) Problem removal
Explanation:
Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.
Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.
Women Will have a good and problem removal experience in Best Buy Store.
Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.
Answer:
personal care service workers because they know what they are doing and are good
Less than 10% is the percentage of Greek students that would participate in a hazing activity, even if it made them uncomfortable. This percentage is justifiable because student participation in hazing activities is prohibited and the accompanying danger to physical and mental health induced to a student is one factor that makes it more off-putting.
