Answer: (C) Differentiation strategy
Explanation:
The differentiation strategy is one of the type of business strategical approach that helps in developing the various types of distinctive products and the services in the market.
The main objective of the differentiation strategy is to attract the consumers or customers by offering them some different and effective products in the competitive market.
According to the given question, the Monteleone company is basically paying the high fees for the purpose of promoting the luxuries and the products in the market.
Therefore, the Monteleone company is basically following the differentiation strategy.
Answer:
c. Pie
Explanation:
In order to determine which product is the most profitable, we must calculate the contribution margin per hour:
Cake Pie Cookies
contribution margin $18 $11 $3
production time 3 1 .30
contribution margin p/hour $6 $11 $10
Pie is the most profitable product, followed by cookies, and cakes are the less profitable products.
Answer:
He should have given the Japanese negotiators a menu of options including the lower price.
Explanation:
As it was already on cards that whenever you negotiate you need to have some preparation beforehand and have a complete list of options you would opt if your best options fails to be executed.
Hence, Mike should have given the Japanese a list of options so that It would be easy for them to think about the offer as well as give Mike the advantage to make his deal a success through different options. And if still the options weren't good enough for the Japanese, then Mike would only be left with the option of lowering the price but he would still had a more chance of getting his deal done if he had prepared those options as well.
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