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
anzhelika [568]
3 years ago
12

Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad

vantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals. What business strategy is Trader Joe's using to gain its competitive advantage
Business
1 answer:
Goryan [66]3 years ago
4 0

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.

You might be interested in
A hungry man is willing to pay a high price for food. After he is no longer hungry, he is not willing to pay the smae high price
zavuch27 [327]
The correct answer is b
6 0
2 years ago
Ashley opened an all-you-can-eat buffet restaurant. the price per-person was based on what ashley believed an average restaurant
Rudiy27
<span>In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance.</span>
7 0
2 years ago
Read 2 more answers
A mortgage is a legal agreement between a borrower and a
o-na [289]
I believe the answer is D. Bank
7 0
3 years ago
Read 2 more answers
Marcos wants to buy Lucia's land, but she refuses to sell. Marcos begins using subpoenas, court orders, and other formal legal p
Xelga [282]

<u>Full question:</u>

Marcos wants to buy Lucia’s land, but she refuses to sell. Marcos begins using subpoenas, court orders, and other formal legal procedures in an unrelenting effort to force Lucia to sell. This is

abuse of process.

not a tort.

appropriation.

wrongful interference with a contractual relationship.

<u>Answer:</u>

This is   abuse of process

<u>Explanation:</u>

Abuse of process assigns to the inappropriate handling of a civil or criminal justice system for an unintended, wicked, or malicious reason. It is the hateful and intentional abuse of frequently published civil or criminal court means that is not supported by the underlying legal action.

Abuse of process covers prosecution claims in defective faith that is expected to hold the commitment of justice. Abuse of process is a deliberate tort. Abuse of process comprises the complete range of modes conflict to the prosecution process such as hearing proceedings, the noticing of allegations and the issuing of subpoenas.

4 0
2 years ago
Your parents have accumulated a $170,000 nest egg. They have been planning to use this money to pay college costs to be incurred
Brrunno [24]

Answer:

A) $121,192

B) 4.5 years

Explanation:

A) The parents had $170,000, but gave $26,000 to Courtney, and spent $48,000 in vacations during for years.

For all purposes, the initial invested amount is now:

170,000 - 26,000 - 48,000 = 96,000

They invest that amount for four years under an interest rate of 6%. Using the future value of an investment formula, we can find the future value of this amount:

X = $96,000 (1 + 0.06)^4

X = $121,192

So, the answer for a) is $121,192

B) If each graduate school year costs $26,660, dividing the two numbers we obtain:

121,192 / 26,660 = 4.5

So you will be able to stay in graduate school for 4.5 years.

8 0
3 years ago
Other questions:
  • What type of reinsurance contract involves two companies automatically sharing their risk exposure?
    13·1 answer
  • The Freedom of Information Act is designed to
    8·1 answer
  • The office memo read as follows: “there is a mandatory meeting at 3:00 PM on Thursday. The new sales numb The office memo read a
    6·2 answers
  • Which of the following is an example of a non-profit organization?
    13·1 answer
  • Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% sto
    7·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • Should a speaker minimize his or her use of nonverbal communication?
    15·2 answers
  • By identifying and investing early in a potential future economic star, international firms can ________ and gain experience in
    11·1 answer
  • Pransit, a truck driver, was involved in a truck collision with a passenger car driven by Sanjay. He sued Sanjay for negligence
    5·1 answer
  • Debt investments not classified as trading or held-to-maturity securities are called available-for-sale securities.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!