Question

Which description best fits andrews? for clarity: - a differentiator competes through good designs, high awareness, and easy accessibility. - a cost leader competes on price by reducing costs and passing the savings to customers. - a broad player competes in all parts of the market. - a niche player competes in selected parts of the market. which of these four statements best describes your company's current strategy?

Answer 1

I had to look for the options and here is my answer:

So based on the given statements above related to the descriptions of Andrews, we can say that the one that best illustrates the current strategy of the company is that ANDREWS IS A BROAD COST LEADER. (This answer is based on the actual options attached to this question.)

Answer 2

The best description fits Andrews is a cost leader competes on price by reducing costs and passing the savings to customers.  

EXPLANATION  

Andrew Carnegie is the best example of the American steel monopoly industry. He began his career by working in a cotton factory in Pittsburgh. In 1859 Andrew began to move up to a strategic position on the Pennsylvania Railroad. From there, he tries to invest in the oil and steel industry.

At the age of 30th, around the 1870s, he entered the steel industry. It did not take long, because two decades later he dominated the American steel industry. Carnegie could achieve that because he managed to maximize profits and reduce adding to his other companies.  

Carnegie’s steel company did not need to worry about expensive steel and transportation because it has all the companies in that field. He could easily manage the rotation of his steel industry wheels. Mastery of many aspects in one of these fields managed to monopolize the American steel industry.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

• Andrew Carnegie purpose for publishing wealth: brainly.com/question/4198082  

KEYWORD: Andrew Carnegie, American steel industry, monopoly

Subject: History

Class: 10-12

Subchapter: American Industry