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Flura [38]
2 years ago
11

If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally a. execute an integrated

cost-leadership and differentiation position. b. provide goods or services similar to its competitors at higher prices. c. stake out a unique position within the industry. d. copy the strategies of other firms through competitive benchmarking.
Business
1 answer:
GaryK [48]2 years ago
4 0

If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally stake out a unique position within the industry, which is achieved through creating value for stakeholders.

<h3>How a company creates value</h3>

The value in companies is related to a series of integrated factors that lead a company to be well positioned in the market, such as quality, service, satisfaction of consumer needs and desires and social responsibility.

Therefore, it is essential that a company's strategy is focused on generating value both in the micro and in its macro environment, in order to be better positioned and competitive in the market.

The correct alternative is:

c. stake out a unique position within the industry.

Find out more about competitive advantage here:

brainly.com/question/893846

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Rational investors ________ fluctuations in the value of their investments.
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<span>Rational investors are averse to fluctuations in the value of their investments.</span>
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3 years ago
Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due t
AnnyKZ [126]

Answer:

After Malcolm has chosen the pricing strategy he wants to use, the next step would be c. determining the final price.

Explanation:

Malcom would have to determine a specific price for cases, and this final price is not dependant on the amount of time spent on each cases or the magnitude of the case.

5 0
3 years ago
Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be comple
ExtremeBDS [4]

Answer: $230,000

Explanation:

Gross profit to be earned from project:

= Construction price - cost of construction

= 6,000,000 - 5,500,000

= $500,000

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= 2,530,000 / 5,500,000 * 100%

= 46%

The Gross profit for 2017 is therefore:

= Percentage of cost incurred * total gross profit

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= $230,000

4 0
3 years ago
Which statement is true about an original fashion and its knockoff? A. The knockoff will be more expensive than the original. B.
qaws [65]

Answer:

D. The knockoff may miss the finer fit and design details of the original.

Explanation:

Knockoffs are popular in the fashion industry of today. Why? Since most designer items are highly wanted, but unreachable and too expensive for the masses, some manufacturers opted to create <em>replicas</em> of those items.

These items are often made in mass production factories. This is why they often miss the artisan and fine touch of the original designer item.

6 0
3 years ago
The operating cycle of a company is the average time that is required to go from cash to.
gayaneshka [121]

A company's operating cycle refers to the average time that is required to go from cash to: cash in producing revenues.

<h3>What is an operating cycle?</h3>

An operating cycle can be defined as the average time that it takes a company or business organization to buy goods, sell these goods and generate revenue (cash) from the sales of the goods.

This ultimately implies that, an operating cycle is simply the average time that is required to go from cash to cash in producing revenues, especially from the sales of the goods.

Read more on here: brainly.com/question/16945776

3 0
3 years ago
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