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a_sh-v [17]
2 years ago
11

A firm with a _____ has its ability to provide a unique product or service that offers something of value to buyers besides simp

ly a lower price.
Business
1 answer:
VMariaS [17]2 years ago
5 0

Answer:

Differential competitive advantage.

Explanation:

A differential competitive advantage can be defined as the advantages or edge that a business or company gains as a result of providing (offering) superior goods and services that are unique, cheaper and different from that of its rivals in the same industry.

Some of the factors that enhances or contributes to differential competitive advantage that a company has over its rivals include patent, new technology, experienced employees, professionals or experts, brand identity etc.

Hence, a firm with a differential competitive advantage has its ability to provide a unique product or service that offers something of value to buyers besides simply a lower price.

An example of a company with differential competitive advantage in the mobile market is Apple Inc. through the production of iPhone.

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A neighborhood sportswear store sells a pair of victoria sneakers for $40. due to the recent fitness craze, these shoes are in h
Anettt [7]

The current lot size of 235 is too large.

We use the given data to find the Economic Order Quantity or EOQ and then compare it to the lot size of 235.

Economic Order Quantity is used to arrive at the optimum purchase order for goods (in number of units) while minimizing ordering and handling costs.

The formula for calculating EOQ is:

Q = \sqrt{2DS/H},

where :

Q is the order lot in number of units

D is the annual demand for the product

S is ordering cost per order (in $)

H is holding cost per unit (in $)

We can arrive at the annual demand for the product as follows:

Annual Demand = No. of units sold per week * No. of weeks the store operates

Annual Demand = 50*52 = 2600 units

Order cost = $20

Holding Cost = Holding Cost (in %) * Selling Price

Holding Cost = 20%*$40 = $8

Substituting the above values in the EOQ formula, we get,

Q = \sqrt{(2*2600*20)/8} = 114.02 units.

Comparing the EOQ we just calculated and the given lot size, we arrive at the answer above.

8 0
3 years ago
Paying for a WiFi Network. Consider a small town with 1,000 households. The town could install a wireless WiFi network that woul
lesantik [10]

Answer:

a.The efficiency of the WiFi system will depend upon the usage and the speed of internet provided by the ISP (Internet Service Provider). Keeping in mind that the town have 1,000 households the network to choose will need to be fast and reliable also each household should be allowed to download a certain amount of DATA via internet so that the each household can get benefit from the WiFi System.

b. If each household is willing to pay $50 per year the contribution received will be $50×1,000 = $50,000. So the cost of WiFi system will be recovered.

c. If the town keeps tracks of the contributions and ask the household to contribute at least $20 per year so yes the total cost of WiFi system will be recovered. $20× 1,000= $20,000

Explanation:

6 0
3 years ago
A central bank acts as a lender of last resort especially in times of financial crisis. What is the purpose of this function
mr_godi [17]

Answer:

The purpose of the function is to lend the people indeed.

Explanation:

a central bank help to keep our money and give a loan

7 0
3 years ago
The law of diminishing returns is often used to analyze the ideal amount of which factor of production?
WINSTONCH [101]
The correct answer to the question is, Labor.
Hope that help. ♥♥♥
5 0
3 years ago
Read 2 more answers
Which theorist argues that members of a class are grouped by their value in the commercial marketplace?
Trava [24]
The theorist that is referred above is MAX WEBER. He is the theorist who asserts that class members should be grouped according to their value in the marketplace. Max Weber is a well-known German sociologist, and a prominent figure in sociology. 
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