٣٧((( ___________ strategy is used by a company when it targets to sell its products in multiple markets and positions itself as a company offering high quality and innovative products with high customer responsiveness. Select one: a. Low-cost focus b. Cost leadership c. Differentiation d. Differentiation focus

٣٧((( ___________ strategy is used by a company when it targets to sell its products in multiple markets and positions itself as a company offering high quality and innovative products with high customer responsiveness. Select one: a. Low-cost focus b. Cost leadership c. Differentiation d. Differentiation focus

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics

Section: Chapter Questions

Problem 1.2P

See similar textbooks

Similar questions

1. Which of the following statements is false?a) A high-efficiency organisation would want to have fewer storage facilities to increaseresponsiveness but this practice too is known to reduce responsivenessb) Having many production sites increases cost and reduces efficiency but responsiveness tocustomer demands increases because of proximityc) A highly responsive organisation for example would want to have many storage facilitieslocated nearer to customers but this practice reduces efficiencyd) None of the above
Only typed answer and please answer correctly It is possible to lower the average cost of production by expanding output beyond Q0 to Q1. Why wouldn't a firm expand its output to Q1? Group of answer choices a) Demand is not sufficient for consumers to buy Q1. b) The firm would suffer an economic loss at Q1 while it would break even at Q0. c) The firm's marginal revenue would be negative at Q1. d) The firm wants to maximize accounting profit rather than economic profit.
Assignment Content Suppose a firm uses sugar in a product that you purchase. The firm vertically integrates by purchasing sugar farms that produce the sugar organically and in a way that makes it also sustainable for the environment. How would that influence your demand for that product? What other purpose than profitability might cause the firm to make this decision to vertically integrate in this way? Your journal entry must be at least 200 words in length. No references or citations are necessary.
Refer to Case 5: New Belgium Brewing: Ethical and Environmental Responsibility You are asked to provide advice for an organic cigarette firm. The firm wants to market the sustainability of its products, including the fact that all the tobacco has been grown with sustainable farming methods. This does not make the cigarettes any safer. Is this situation the same as that faced by New Belgium Brewing? How would you advise the firm and help it to maintain its responsibilities to consumers regarding the dangers of smoking? Be sure to address: The environmental issues faced The organization’s social responsibility How sustainability affects or contributes to the organizational ethics.
Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment in a country in Asia. This country traditionally had not conducted business with companies outside of its geographic region. Answer these questions for the US company. 1. What geographic factors might influence the company's international business activities? 2. How might economic conditions affect business decision 3. What social and cultural influences could affect business decisions? 4. How could politics and laws after the company's exporting activity? Limit your answer/s to 2-4 sentences only.
1) The most important goal of the firm is to? A) maximize its sales volume. B) maximize its revenues. C) maximize its profits. D) minimize its costs.
Question 4: (A)The price of a product is determined by market conditions. The company is a price taker rather than a price maker. It estimates product cost by subtracting a desired profit margin from a competitive market price. It makes reference to the competitive market; it is fundamentally customer-focused and an important concept for new product development. From the above identify the concept; explain the definition and process of concept.
Hayfever Farms is an 80‑acre hay farm in Colorado. Due to the legalization of marijuana production in the state, the owners are considering changing the farm's name to Blissful Acres and growing marijuana instead of hay. Use the information presented in the table to answer three questions. Number of acres MC $ MR $ (hay) MR $ (marijuana) 10 320 730 5,600 20 200 730 5,600 30 540 730 5,600 40 730 730 5,600 50 1,200 730 5,600 60 3,200 730 5,600 70 5,600 730 5,600 80 6,700 730 5,600 If they continue to grow only hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? area devoted to hay:_______ acres If the owners decide to only grow marijuana, how many acres should Blissful Acres devote to growing marijuana in order to maximize profits? area devoted to marijuana:_______ acres Which outcome likely happens due to the legalization of marijuana production and consumption? The number of growers…
Economics of customer acquisition for fedex: 140 accounts in advertising industry use 2,285 courier paks (cp) per month cp price is $12.50 and variable cost is $4.25 retention rate = 0.9, discount rate = 12% what is the maximum fedex should be willing to spend to acquire a new account in this industry? what is the maximum that fedex should spend/customer per year to increase retention to 0.95? (could you show me it worked out? Thank you!) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Q17 Economies of scope is one of the two key factors in determining whether a corporate strategy is adding value through diversification. The other key factor is opportunities. Overtical Ohorizontal O revenue-enhancement O geographic globalization QUESTION 18 Complementors in an industry. O increase competition O decrease competition O decrease the total profit increase the total profits
Financial Data Daily demand: 1,000 cases Fixed cost: $5,000 per week Variable cost • Weekdays: $7 per case • Sundays: $12 per case Generic aspirin production • Unit price: $10 per case Brand-name aspirin production • Weekly demand: 1,000 cases per week Unit price: $30 per case Find: (1) How to schedule the product mix, and (2) is it worth operating on Sundays?
1. Critically analyse Danone Corporation’s entry mode of 2 markets ( for example, UK, Nigeria, etc.) from 2 different continents ( excluding India) as it is a multinational corporation with references of the informations. Consider the following points during writing the answer : a. Reason behind choosing this particular market and when did they enter the market and with what product?b. Entry mode and was it a good or regrettable choice - critically analyse;c. Was the business a success or failure in the new market? Why.