Answer:
c. integrated cost leadership/differentiation is the correct answer.
Explanation:
These all are the characteristics of integrated cost leadership/differentiation business-level strategy because integrated cost leadership/differentiation is a strategy at the business level to developing competitive benefits of goods and products that are sold at low prices in the market.
This strategy is adopted by many businesses to attract consumers that help to reach business purposes.
The advantages of an integrated cost leadership/differentiation strategy are:
- It provides advantages to the team and business.
- It raises the team market share.
- It raises the sustainability of the company.
- It decreases the competition from the business place.
The choice b is the answer
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Answer:
(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)
L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.
Explanation:
In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.
When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.
The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Letter of credit is also called documentary credit or bankers commercial credit.
The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.
This document is usually a mode of payment used for the importation of visible goods.
In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary
Read more about letter of credit
<em>brainly.com/question/15837848</em>
Answer:
Many
Homogenous
There are no barriers
Have perfect knowledge
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods. Because there are many sellers of homogenous goods, firms are price takers.
Because there are no barriers to entry, in the long run, firms earn zero economic profit.
Because buyers and sellers have perfect knowledge of prices, price arbitrage isn't possible.
I hope my answer helps you.
