1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
12345 [234]
3 years ago
7

In the retail industry, ABC tries to add value to their products and services so they can attract customers who are willing to p

ay a higher price. ABC can be described as utilizing which of the following strategy?
A. Differentiation strategy.
B. Local strategy.
C. Regional strategy.
D. Cost-leadership strategy.
E. Global strategy.
Business
1 answer:
kicyunya [14]3 years ago
5 0

Answer:

A. Differentiation strategy.

Explanation:

In a market different firms try to maintain a competitive edge over others. This is achieved by using various strategies like: Differentiation strategy, Local strategy, Regional strategy, Cost-leadership strategy, Global strategy.

In the given scenario ABC tries to add value to their products and services so they can attract customers who are willing to pay a higher price.

This is a differentiation strategy where a firm tries to make their product different from.otgers in order to maintain a competitive advantage over others

You might be interested in
What is the action called that unreasonably restricts competition and functions against the public interest?
vodomira [7]

There is a violation of antitrust laws that happens that unreasonably restricts competition and functions against the public interest. This is just one of the three parameters that apply to a business and how they may violate antitrust laws. An Antitrust law is a state and federal recognized law that is in place so that there can be adequate business competition.

4 0
3 years ago
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants
inn [45]

Answer:

No

Explanation:

Tehe Overlapping tenure for the retiring and new physicians tends to increase the transfer of practice specific knowledge.  The profit sharing with the new physician increases her incentives to maximize profits but since the sale price is a multiple of the profits during this 3 year, the new physician has an incentive to shirk to keep the profits low. it would be better to use a multiple of profits from the period before she began this probation.

7 0
3 years ago
MagTech Inc. requires funding to build a new factory and has decided to raise the additional capital by issuing $850,000 face va
aleksley [76]

Attached screenshot has got your answer

6 0
3 years ago
Which of the following is an example of an agency relationship?
zysi [14]

The answer is : d: A client that ends a transaction with one business to start another

6 0
3 years ago
Read 2 more answers
As a result of conducting a gap analysis, the potential entrepreneur proved there was a need for the business. This is called do
Vera_Pavlovna [14]

Answer:

due diligence

Explanation:

Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.

Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.

7 0
3 years ago
Other questions:
  • If susan sharpe, vice president of marketing, is at the stage in her market research where she is gathering information about th
    13·1 answer
  • The formula Nequalspplus0.02p models the new​ population, N, of a town with current population p if the town is expecting popula
    11·1 answer
  • How did the rise of big business in the united states transform the economy and affect the lives of working people?
    11·1 answer
  • Stagflation occurs when high inflation combines with...
    9·1 answer
  • Sales discounts: A)Refer to merchandise that customers return to the seller after the sale. B)Refer to reductions in the selling
    11·1 answer
  • John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On
    5·1 answer
  • The term tax incidence refers to A. the amount of revenue collected by the government from a tax. B. the actual division of the
    6·1 answer
  • In what seven (7) way can we promote good marriage in the society ​
    11·1 answer
  • (1 point)
    6·1 answer
  • Going public: Group of answer choices ensures that the company gains control in decision making. enhances the company's ability
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!