Building a competitive advantage based on superior benefit position is likely to be attractive when three conditions are met . Explain in detail the three conditions .
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Building a competitive advantage based on superior benefit position is likely to be attractive when three conditions are met . Explain in detail the three conditions .
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- 8. “Creative destruction” is the process by which:a. Old buildings are demolished and new ones are build in their place.b. Old sources of competitive advantage are displaced by new ones.c. Old skills become obsolete and new ones develop in their place.d. Old technologies are replaced by new ones.13. Refer to Figure 2. For this farmer to maximize profits he should produce __________ bushels of wheat. Select one: a. 6 b. 16 c. 9 d. 12What are diminishing marginal returns?
- 5. Baed on best buy company assessment of the present value of your organization: what it would be worth in today’s market in its present state and might be worth if this strategy is successful. Please give the answer based on best buy company please6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier power2.In order to maximize profits, a firm will produce output where (check all that apply) a. total revenue equals total cost b. price equals marginal cost c. wage equals price times marginal product d. price equals average cost
- 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.7 With the aid of a diagram, explain the profit maximising rule and explain four reasons why firms aim to profit maximise. Why might profit maximisation not be possible? (At least three developed points) What other business objective, besides profit maximisation may firms have and why might this be the case? Use a diagram and develop at least three points12. How are money cost and opportunity cost related to each other? a. Opportunity cost must always exceed money cost. b. They are always identical in any economic system. c. If markets function well, they are closely related. d. In a market economy, they must be equal to each other. e. Money cost is greater than or equal to opportunity cost.
- 5 A firm should cease production if it is making losses. Explain with relevant diagrams.QUESTIONS are based on Carl's Jr case study article 1. Discuss what are potential sources of competitive advantage for a company? Give examples 2. Argue is a competitive advantage sustainable? Give examples 3. Conduct an analysis of the strengths, weaknesses, opportunities, and threats (a SWOT analysis) of Carl’s Jr. 4. What changes should Carl’s Jr. make in order to develop a sustainable competitive advantage? (Hint: to help answer this question, think of how you might further segment the YHG group that Carl’s Jr. is trying to sell to, and develop a strategy around these subgroups.)The state of Colorado requires oil and gas companies who use fracking techniques to retune the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefits (in dollars) of this policy. Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production. Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits. If we apply marginal analysis, what is the optimal amount of land to be restored?
