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mezya [45]
3 years ago
10

I don’t understand this and need help

Business
1 answer:
LuckyWell [14K]3 years ago
6 0
I think tools, design, and materials
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A narrow market focus is to a differentiation-based strategy as a __________________. technological innovation is to a cost-base
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Answer: possible options:

A.growth market is to a differentiation-based strategy

B. broadly-defined target market is to a cost leadership strategy

C. growth market is to a cost-based strategy

D. technological innovation is to cost-based strategy

Answer is B

Explanation:

Companies that use a cost leadership strategy and those that use a differentiation strategy share one important characteristic: both groups try to be attractive to customers in general. These efforts to appeal to a broad range of consumers can be contrasted with strategies that involve targeting a relatively narrow niche of potential customers. These latter strategies are known as focus strategies (Porter, 1980).

Focused cost leadership is the first of two focus strategies. A focused cost leadership strategy requires competing based on price to target a NARROW MARKET. A firm that follows this strategy does not necessarily charge the lowest prices in the industry. Instead, it charges low prices relative to other firms that compete within the target market. For example, you might be able to buy milk cheaper by driving to a big-box grocery store in your local community or town, but the local corner store is the cheapest within walking distance. Redbox, a major DVD rental company, uses vending machines placed outside grocery stores and other retail outlets to rent DVDs of movies for $1. There are ways to view movies even cheaper, such as through the flat-fee streaming video subscriptions offered by Netflix. But among firms that rent actual DVDs, Redbox offers unparalleled levels of low price and high convenience.

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Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. however, this
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To the extent that employers conduct a social media background check on job candidates, best practices are all of the following
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Limit access to private information by friending someone

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When conducting recruitment of an individual employers sometimes do background checks on the person's social media information.

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There should be use of only publicly available information, background check can be done by a third party that is not making hiring decision, and do not request username and password for social media platforms.

It is not best practice to befriend a person on social media in order to obtain their private information.

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Holy macaroni! That's Almost It!
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Virtually all of the 7 million millionaires in the United States learned how to make smart decisions by doing their homework.

Answer: Option 7.

Explanation:

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