Porter’s competitive strategies that are appropriate responses respectively
1) Differentiation 2) Focused-differentiation
3) Cost-leadership 4) Cost
<h3>What is porter’s competitive strategies ?</h3>
Using the constraints of its preferred market scope, a company attempts to gain a competitive edge according to Porter's generic tactics. There are three types of generic strategies: focused , differentiating, or lower cost.
One of two strategies for gaining a competitive edge is available to businesses: either decreasing costs in comparison to its rivals or differentiating along consumer dimensions in order to charge a higher price.
Additionally, a business chooses between two possibilities for its scope: focused (supplying its products to certain market segments) or industry-wide.
The decisions made in light of the kind and extent of competitive advantage are represented by the generic strategy. The concept was first presented by Michael Porter in 1980.
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Consideration refers to what each party gets in exchange for his or her promise under a contract. A contract has four elements: agreement, consideration, contractual capacity, and legal object. Agreement refers to the contract itself, consideration to the results of the contract, contractual capacity represents your legal ability to sign the contract, and legal object is the purpose of the agreement.
They use The Economic Analysis Method to assign an monetary value, because it is often difficult to assign a value. This approach ( The Economic Analysis Method) states that, the patents value is the replacement cost, or at least the right amount to replace the protection right on the invention.
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Answer:
c. 10.38%
Explanation:
Loan Amount = $10,000
Quarterly Interest payment = $250
Interest Payment for the year = $250 x 4
Interest Payment for the year = $1,000
Nominal interest rate = ($1,000 / $10,000) x 100 = 10%
Nominal interest rate = r = 10%
Number of periods = m = 4
Effective Interest rate = [ ( 1 + r/m )^m]-1
Effective Interest rate = [ ( 1 + 0.1/4 )^4] -
Effective Interest rate = [ ( 1 + 0.025 )^4] -1
Effective Interest rate = 10.38%
