A <u>competitive advantage </u>must provide the new business with the opportunity to make money in excess of the competition.
<h3>What is competitve advantage?</h3>
Competitive advantage refers to the factors that allow a company to produce goods or services better or at a lower cost than its competitors. These factors allow the production unit to generate more revenue or higher profit margins than its competitors in the market. Competitive advantage is due to many factors including cost structure, brand image, product quality provided, distribution network, intellectual property and customer service.
Competitive advantage is what makes an entity's products or services more attractive to customers than any other competitor.
Competitive advantage can be divided into comparative advantage and differential advantage.
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Answer:
IMC
a.True
Explanation:
The coordination of all distributive activities is a just part of the integrated marketing communication that is IMC, as it tries to offer seamless consumer experience. For instance, if Company XYZ fails to provide the right product in the right place and at the right time for consumers, then the essence of its IMC is lost.
IMC means Integrated Marketing Communication. It is a marketing communication approach that integrates many components for marketing communication effectiveness. The foundation component ensures that IMC approach provides the right products in the right place and at the right time for consumers. IMC also integrates the corporate culture, with a focus on branding and customer satisfaction.
Since IMC aims to increase sales and profits, sharpen the brand's competitive advantage, and achieve brand loyalty, it means that the goals cannot be achieved when Company XYZ's distribution channel offers empty promises by not putting the right XYZ product in the right place and at the right time for consumers.
Answer:
a. Conceptual
Explanation:
Conceptual skills -
It refers to the type of skills , which enables to visualize the abstracts and drawing , in order to obtain the relation between them , is referred to as conceptual skills.
Conceptual skills are very important in order to have an idea about abstracts and to complete creative tasks.
The method is adapted in order to plan form a project in avery efficient and creative manner .
Hence, from the given scenario of the question,
The correct term is a. conceptual skills.
College choices are their own socio- economic status and their own social and cultural capital, along with those of their peers and community members. Additionally, high school experiences, such as interactions with teachers and administrators, as well as academic preparedness are influences for the students.
Answer:
19 units per order
Explanation:
the formula to calculate economic order quantity (EOQ) is:
EOQ = √(2SD/H)
- S = cost per order
- D = annual demand
- H = holding cost per unit
EOQ = √[(2 x 850 x 14) / 65] = 19.14 units
in this case to obtain the lowest possible cost you must round down your answer to 18 units per order.
The EOQ can help you determine the minimum amount of units that you should order of a product in order to reduce inventory costs.
