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makvit [3.9K]
3 years ago
10

Describe the key elements of IKEA’s globally successful business model. What are the sources of IKEA’s competi-tive advantage?

Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
7 0

Answer:

following are the solution to this question:

Explanation:

The key factors for IKEA's growth are as follows:

It made simple to use goods as well as the technique of "do it yourself" allows employees to increase costs lower, prices fair, a good understanding of the population it wants to target, goods clean with a clear aesthetics.

These were also regarded for fair payer money for staff and vendors, as well as the mechanism is open. Its shops also provide accommodation for the whole family.

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