Answer:
a. involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors.
Explanation:
A focused low-cost strategy involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors.
There are 2 market strategies involved here: a low-cost strategy in a niche market segment.
Hence, Focused Low-Cost Strategy is when a business focuses on a niche, and since a small business cannot feasibly achieve low prices on all of its products, it can try and focus on a small niche and try to be the lowest cost provider in the market for that specific niche.
Answer:
According to the authors of A Gift of Fire, it is obvious that computer technology <u>has not and will not</u> mass unemployment.
Answer:
Statement (A) is NOT correct.
Explanation:
(A) This statement is not correct.
A P-chart is basically used to control or check for odd situations or defective items in a group. In this case (or statement), nothing represents defectiveness, instead the company wants to check for average satisfaction in future samples.
(B) This statement is correct.
Time frame = 30 days; Temperature range = -30°C - 100°C
So the lab assistant measured the temperature of the specimen for each of the 30 days. The recorded data can be used to track the average temperature for future samples of that specimen. X-bar charts are used to track the mean or average of processes that occur within a time frame; from the present time to a future time or from a given specimen to another.
(C) Correct.
Another name for fishbone diagram is Ishikawa Diagram. This diagram comes in the shape of a fish.
(D) Correct.
Another name for Cause & Effect Diagram is Ishikawa Diagram. This simple diagram is used to show the causes of a phenomenon and the effects of same phenomenon.
Answer:
A) there is a three-day rescission period
Explanation:
The three day cooling off period applies to home equity lines of credit (HELOC).
HELOCs were very popular before the great recession and were one of its causes. A debtor will take a credit from a lender using his/her equity on their house as collateral. This type of credits were usually second mortgages that didn't have a definite purpose, but could be used freely by the borrowers.
The computation of the break-even point (in dollars) is given below:
Break-even (dollars) = Break-even (units) x Selling price
= $10 x 12,000 units
= 120,000
Based on the data given in the problem, compute the revised break-even point (in units) for shop 48 after the payment of the incentive.
The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business. This means that we have reached a stage of production where the cost of production equals the revenue of the product.
The break-even point is used in several areas of economics and finance. In accounting terms, it refers to the level of production where the total revenue from production equals the total cost of production.
Learn more about the break-even point at
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