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3 years ago

A focused low-cost strategy

Business

1 answer:

melamori03 [73]3 years ago

5 0

Answer:

(C). Involves serving buyers in the target market niche at a lower cost and a lower price than rival competitors

Explanation:

The focused low cost strategy is a business level strategy that <u>involves an organization choosing a segment or niche </u>within a large market and then <u>focusing its available resources on serving the needs of customers in that market segment.</u>

It requires the organization to operate at<u> low costs</u> so it can <u>offer prices of its products, lower than what competitors have to offer.</u>

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Congress gave and lay the order to collect taxes

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zzz [600]

Answer:

FV= $362,857.42

Explanation:

Giving the following information:

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$208,530

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3 years ago

Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo

kotykmax [81]

The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

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The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse.

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

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