Answer:
Chester Company
Explanation:
Niche Cost Leader Strategy is to set the price for the products as lower than all the competitor's products and still be in profit. Thus by having set the lower prices than competitor's products in the market and achieving profit for the organization.
Chester Company is the strong competitor for the Niche Cost Leader Strategy company based on the given information, and the data as explained below.
- There is very low change in the stock market price ($0.45) and very low variation in closing stock price for the Chester Company. This indicates that the company has stable market stock price.
- Chester has lowest margins (35.8%) and lowest profits $3,144,115, as compared to other companies where as sales is high ($158,062,285), which is close to other companies of high sale value (Andrew - $211,593,184)
- Profit of Chester is lowest as compared to other companies, though sale is good. This indicates that the product price is lower than others. Thus it is strong competitor for niche cost leader Strategy Company.
- Production for the Chester Company is very high against the capacity of the company.
Answer:
C.
Explanation:
Cultural business blunder or cultural blunder is caused by the inappropriate use of language and are common problem in international professional communication.
Brad deciding to advice from is Chinese-American friends about customs and values is a good course of action in order to avoid cultural blunders which can be offensive most times and may lead to business failures.
Answer:
Another term for a pre-inspection agreement is Standard of practice.
Explanation:
Standard of practice entails agreement signed before any business is done at all, it forms the basis of the agreement documented and signed
The correct term to fill in the blank would be rent. The price paid for the use of someone else's property is called rent. It is a periodic and fixed amount of money paid by one that uses the possession of one.
