Homework Answers
Answer- option A .
Explanation - Differentiation strategy focuses on producing goods and services that are different from the competitors and are unique to customers.
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When a firm position itself as unique in the industry in an area that is important...
When managers develop strategies for their businesses they have to answer two questions: "How attractive is...
When managers develop strategies for their businesses they have to answer two questions: "How attractive is the industry that you are in?" and "How are you positioned within that industry?" Generic strategy is: One way for generic products and services to counteract the strength of branded competitors One way to think about positioning within an industry One way to recognize that there is a third missing question "Are you stuck in the middle?" One way to evaluate the attractiveness of...
Understanding possible entry barriers is most important when analyzing which of the industry forces? Threat of...
Understanding possible entry barriers is most important when analyzing which of the industry forces? Threat of competitive rivalry Threat of suppliers Threat of new entrants Threat of buyers Threat of substitutes Which of the following is not a condition that makes suppliers of an industry more powerful? A) There are a high number of suppliers. B) The industry is not important to the supplier group. C) There are high switching costs for firms in the industry to switch from current...
Lucy's Swimwear Boutique offers swimwear that is targeted at affluent people who can afford to buy...
Lucy's Swimwear Boutique offers swimwear that is targeted at affluent people who can afford to buy expensive, handmade swimsuits. Which of the following approaches to market segmentation is Lucy's Swimwear Boutique using? (a) Medium market segmentation strategy O (b) Focus differentiation strategy (c) Broad high-cost strategy (d) Low market segmentation Ole) Broad differentiation strategy What is NOT a type of exit barrier according Porter's 5 forces framework? O (a) Investments in assets that are of little or no value in...
40) Do you think it is important for an employer to provide innovative or unique benefits?...
40) Do you think it is important for an employer to provide innovative or unique benefits? Why or Why not? 5 points Your answer 41) What should happen when a manager and an employee can not agree 5 points on performance goals? Your answer 5 points 42) What are some creative, and low cost/ no cost ways that an organisation could make a new employee feel welcome?
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High...
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High supplier power Ob. Low threat from substitutes Oc. Low levels of rivalry between firms O d. Only B & C QUESTION 31 Diminishing marginal productivity implies Oa increasing marginal costs b. decreasing total costs e decreasing marginal costs d. decreasing average costs QUESTION 32 Firms have a competitive advantage when O a They can deliver the same product benefits as their competitors but at...
I need to put answer 1 and 2 together into one. and also verify if its...
I need to put answer 1 and 2 together into one. and also verify if its right thank you ANSWER 1 Porter’s Five Forces Analysis Of Adidas For the constant maintenance of profit of the organization and to analyze the competition of the business we use Porter’s five forces. This business model will help us to identify the exact causes of threat by keen analyzation of various categories. And it also helps us to make strategic decisions for the productive...
1. Assumption for a Perfectly competitive firm include a Homogeneous product a several sellers and [...
1. Assumption for a Perfectly competitive firm include a
Homogeneous product a several sellers and [ Select ]
["unique", "Many Many", "few few", "3-4"] buyers easy
entry and exit.
2. Perfectly competitive firms are known as Price Takers because
they [ Select ] ["have pricing power", "have minimal
pricing power", "have very little pricing power", "have no pricing
power"] which means they[ Select ] ["should
advertise less", "have no incentive", "ought to advertise", "must
advertise more"] to advertise
3. The...
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! 34)...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
34) As the volume of production in a firm increases, the average cost per un decreasesti some optimal volume of production is reached, after which the average cost of production begin to rise because of A) diseconomies of scale. B) economies of scope C) di seconomies of scope, D) economies of scale. 35) The link between volume of production and the cost of building manufacturing...
Part VI Multiple Choice: Imperfect Competition 13. If a firm with market power maximizes profit by...
Part VI Multiple Choice: Imperfect Competition 13. If a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium. 14. Which of the following statements is not always true for a monopolist in short-run equilibrium? a. E 1 b, TR>...
The construction industry has struggled over the past years due to the economy. Nearly a dozen...
The construction industry has struggled over the past years due to the economy. Nearly a dozen companies, including builders and subcontractors, banned together to develop a strategy to increase their business in the greater Washington, D.C. area. This consortium of builders and subcontractors called themselves BLDRS-DC. BLDRS-DC engaged a well-known marketing company that recommended that they do the following: Use a Web site to exhibit their services, capabilities, and availability Other social media sites would be represented in the final...
When managers develop strategies for their businesses they have to answer two questions: "How attractive is the industry that you are in?" and "How are you positioned within that industry?" Generic strategy is: One way for generic products and services to counteract the strength of branded competitors One way to think about positioning within an industry One way to recognize that there is a third missing question "Are you stuck in the middle?" One way to evaluate the attractiveness of...
Lucy's Swimwear Boutique offers swimwear that is targeted at affluent people who can afford to buy expensive, handmade swimsuits. Which of the following approaches to market segmentation is Lucy's Swimwear Boutique using? (a) Medium market segmentation strategy O (b) Focus differentiation strategy (c) Broad high-cost strategy (d) Low market segmentation Ole) Broad differentiation strategy What is NOT a type of exit barrier according Porter's 5 forces framework? O (a) Investments in assets that are of little or no value in...
40) Do you think it is important for an employer to provide innovative or unique benefits? Why or Why not? 5 points Your answer 41) What should happen when a manager and an employee can not agree 5 points on performance goals? Your answer 5 points 42) What are some creative, and low cost/ no cost ways that an organisation could make a new employee feel welcome?
QUESTION 30 In the 1O perspective it is important to enter an industry with Oa High supplier power Ob. Low threat from substitutes Oc. Low levels of rivalry between firms O d. Only B & C QUESTION 31 Diminishing marginal productivity implies Oa increasing marginal costs b. decreasing total costs e decreasing marginal costs d. decreasing average costs QUESTION 32 Firms have a competitive advantage when O a They can deliver the same product benefits as their competitors but at...
1. Assumption for a Perfectly competitive firm include a
Homogeneous product a several sellers and [ Select ]
["unique", "Many Many", "few few", "3-4"] buyers easy
entry and exit.
2. Perfectly competitive firms are known as Price Takers because
they [ Select ] ["have pricing power", "have minimal
pricing power", "have very little pricing power", "have no pricing
power"] which means they[ Select ] ["should
advertise less", "have no incentive", "ought to advertise", "must
advertise more"] to advertise
3. The...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
34) As the volume of production in a firm increases, the average cost per un decreasesti some optimal volume of production is reached, after which the average cost of production begin to rise because of A) diseconomies of scale. B) economies of scope C) di seconomies of scope, D) economies of scale. 35) The link between volume of production and the cost of building manufacturing...
Part VI Multiple Choice: Imperfect Competition 13. If a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium. 14. Which of the following statements is not always true for a monopolist in short-run equilibrium? a. E 1 b, TR>...
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