What distinguishes the company's products or services from those of its competitors? Is the firm competing on price, cost, operation, creativity, or another criterion?

Q: How can the firms understand their competitors?

A: Business refers to an activity of trade where sale and purchase of either goods or services is done…

Q: Why do businesses in highly competitive industries and markets all too often mimic the actions of…

A: A business is an organization engaged in buying and selling of goods and services.

Q: Two (or more) organization are sharing resources or knowledge to pursue objectives that are mutually…

A: the joining of two companies for particular purpose and join not individually merging.

Q: Should some functions of business be more committed to innovating new service and product offerings…

A: Innovation might be related to constructive changes in productivity, quality, efficiency,…

Q: Why do you think competing businesses endeavor to differentiate? How can external factors regulate…

A: Competition in business is the challenge or contention among the organizations selling comparative…

Q: the concept of competitive advantage is central to your company

A: Competitive advantage – The competitive advantage refers to the factors that allows the company to…

Q: Could a firm simultaneously pursue focus, differentiation, and cost leadership? Should firms do…

A: Focus differentiation and cost leadership are genetic strategies which firms are applying in their…

Q: Will well-established firms adopt new technology? Yes or no? Explain why in a long essay.

A:

Q: Discuss how your personal core competencies help you create value for the business where you work,…

A: Core competencies are the characterizing capacities or preferences that a business may have that…

Q: How does a firm evaluate industry competitiveness ? (1000 words)

A: Соmрetitiveness  refers  tо  the  skill  оr  аbility  tо  соntend  with  rivаls  fоr  the  sаme…

Q: How does a strategically managed business differ from an organizationally managed business?

A: Strategic management is described as a form of management that involves evaluation of the…

Q: How would you categorize or classify a company like Disney

A: The major types of business organizations are sole proprietorship,  partnership, and corporation. A…

Q: What are the benefits of innovative products?

A: Innovative items can introduce new technology or methods of doing things. When the gas and electric…

Q: What is your organization`s competitive advantage?

A: Competitive advantage refers to factors that permit an organization to produce goods or services…

Q: Organizations can achieve a sustained competitive advantage through people if they are able to meet…

A: A competitive edge is said to be present when a company can maintain above-average profits if it is…

Q: no matter how unique Company or impressive, may not enable it to achieve a competitive advantage in…

A: Option A is incorrect  To achieve a competitive advantage, an organization should do a SWOT…

Q: Company performance will improve if they take competitor into consideration. Do you agree?

A: Competitors Competitors are all of the external organizations that can become a substitute for the…

Q: Could a firm simultaneously pursue focus, differentiation, and cost leadership? Should firms do…

A: A strategy is the plan jotted down to achieve some goal. In a strategy all the challenges, elements…

Q: What challenges does a company face in developing new products or services?

A: There are many challenges which company face in developing new products or services. Some of these…

Q: What are the characteristics of excellent Business-IT alignment?

A: Answer : Business-IT alignment is a business strategy that prioritizes the integration of IT…

Q: What are the four attributes that seem to affect overall competitiveness and innovation?

A: Competitiveness: Competitiveness is often described as a personality trait. ... People who are…

Q: how does a company maintain competitive advantage?

A: The important aspect of business that helps a company to outperform and gain an advantage over…

Q: What service industry has impressed you the most with its innovativeness?

A: The industry that is responsible provide the services to the consumer is known as the services…

Q: You have been asked to explain how rivalry among companies competing in the industry affects the…

A: To establish the attractiveness of an industry, it is necessary to work with business brokers to…

Q: What are the six key questions that form the framework of thinking strategically about a company's…

A: Company works under a particular industry.For example levis is a company that works under the…

Q: How does IT help a company's business processes and decision-making while still giving it a…

A: Business organizations always seek to be a leader in the industry in which it operates. A…

Q: Propose you are the owner of a fast food restaurant; margins are low and the competition is fierce.…

A: The Fast food industry comprises of various fast food processing companies, brands and restaurants…

Q: In any business, how is competitive advantage best sustained?  How can rivals chip away at a…

A: Competitive Advantage -  It is the advantages which are provided to the competitors of the business…

Q: Why are some organizations facing difficulties to sustain competitive advantage

A: The value proposition is the solution offered by the company on the customer's problem. For this,…

Q: What occurs when a company seeks to match what a competitor is doing while maintaining its existing…

A: a company seeks to match what a competitor is doing while maintaining its existing competitive…

Q: What are Competitive Dimensions?

A: Competitive dimensions are the features that differentiate a company from its competitors or…

Q: If we are successful, which firms will be hurt (lose sales or sales opportunities)?

A: In monopolistic competition market structure, there are more number of firms. Therefore for firms in…

Q: three different levels of product innovation?  Which is most common?  Can a business survive long…

A: Product Innovation refers to creation or production of new goods or sugnificantly improved version…

Q: How can the company set itself apart from its rivals' goods and/or services?

A: The answer is as follows:

Q: Does national or regional culture affect a company's culture? Why or why not? What examples can you…

A: Yes, national and regional cultures influence an organization’s culture. This happens due to the…

Q: What are the basic socio-economic reasons behind the concern over lack of product innovation at some…

A: Before understanding concerns of the reasons that lack in Product innovation, let us understand what…

Q: The composite assessment of the strength of "Five Competitive Forces", according to Porter, helps…

A: An organization functions in an environment that keeps on changing and is dynamic in nature.…

Q: Who are a company’s best prospects for additional sales and profits? Why?

A: Additional sales are the sales made over and above the current sales volume. It is very necessary…

Q: To what extent does the culture of a firm impact its success? When you worked for a certain firm,…

A: "Since the second part of the question is subjective, only the first part of the question is…

Q: What does it mean for a firm to have a competitive advantage? What gives a firm a competitive…

A: Companies use different strategies to be ahead of their competitors and sell products and services…