Answer: Focused cost leadership
Explanation:
Focused cost leadership could be described as targeting your market to a category of people only and not necessarily everyone. Some businesses do have a target market in mind when carrying out their production or sales. Their product isn't for everyone but this particular persons. They could design it from a normal general product but they will make it look perculiar and specific for this targeted market.
Answer:
The correct answer is letter "E": Quantitative Strategic Planning Matrix (QSPM).
Explanation:
The Quantitative Strategic Planning Matrix (QSPM) is an approach used to combine different planning methods based on inputs obtained by the firm of possible ventures it could be involved in. The more strategies that can be comprised in the QSPM is likely to provide the best result for the company.
It is believed that QSPM helps internal and external factors that could influence a firm's plan to be analyzed properly, thus, the strategy to be pursued will be the fittest.
Answer:
The answer is: As described in the question, North Korea is one of the poorest countries in the world, and it is expensive to train doctors to perform eye surgery. In a poor country, the labor cost of the doctor will not be that large but doctors need very specific and expensive equipment to perform eye surgeries. North Korea probably cannot afford to purchase the equipment necessary for performing eye surgeries.
Answer:
The correct option is C
Explanation:
Being other things to be constant, when the price rises more than the expected level, then the firms will be having a lower than the desired prices, which increases the sales because the firm has not expected or anticipated the higher prices which lead to the decision of keeping the prices low which could result or outcome in higher sales as the sales will shift from high price producers.
Answer:
The contribution margin from each customer of the individual business segment is $24.75
Explanation:
Contribution margin from each customer of the individual business:
Customers = 400
Revenue = $35000
Variable cost = $25100
Total Contribution margin = Revenue – Variable cost
= $35000 - $25100
= $9900
Contribution margin from each customer of the individual business :- = Total Contribution margin/customers
= $9900/400
= $24.75
Therefore, The contribution margin from each customer of the individual business segment is $24.75
