Organizations can gain a competitive advantage simply by selling products and services at a lower price than competitors. a) True b) False
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1. Organizations can gain a competitive advantage simply by selling products and services at a lower price than competitors.
a) True
b) False.
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- A company that pursues and achieves strategic objectives: Answer C) is frequently in a better position to improve its future financial performance because of the increased competitiveness that flows from the achievement of strategic objectives. D) is likely to be a weak financial performer because diverting resources to the pursuit of strategic objectives takes away from the achievement of financial performance targets. B) is generally not strongly focused on its true mission of making a profit. A) is likely to weaken the achievement of its short-term and long-term financial objectives.As purchasing agent for Eynan Enterprises in Richmond, Virginia, you ask your buyer to provide you with a ranking of "excellent" (worth 4 points), "good" (3 points), "fair" (2 points), or "poor" (1 point) for a variety of characteristics for two potential vendors, Donna Inc. (D) and Kay Corp. (K). You suggest that "Products" total be weighted 0.4, the "Company" total be weighted 0.2, and the "Service" and "Sales" totals each be weighted 0.2. The buyer has returned the following ranking. Which of the two vendors would you select? Click the icon to view the rankings. Part 2 You should choose vendor ▼ Donna Inc. Either Kay Corp. or Donna Inc. Kay Corp. , with a weighted score of ________. (Enter your response rounded to one decimal place.)Which of the following is NOT a characteristic of a sustainable competitive advantage? - That it never changes over time - That it is meaningful to a target market - That it is a clear advantage over the competition - That it is difficult to copy
- N2 More specifically, what are the two main reasons why certain things should not be up for sale?Which of the following is NOT true when considering competitive advantage? A competitive advantage is typically offering lowering prices than competitors. A competitive advantage is hard for competitors to copy. A competitive advantage is a valuable long-term approach. A competitive advantage is most profitable when it can be sustained over time.1. Give four examples of firms you think would be significant users of cost management information and explain why. 2. Give three examples of firms you think would not be significant users of cost management information and explain why.
- 1Q) Why is purchasing important for an organization?1.A market will usually be more difficult to enter if there is? a.Patented or proprietary know-how b.Low brand loyalty c.Wide access to distribution channels d.Common technology 2.Which of these situations is likely to cause high bargaining power of suppliers? a.A few large suppliers dominate the market supply b.Many alternative sources of supply c.Resource inputs are not essential to product quality d. Many customers with low brand loyalty 3.Which of these situations is likely to cause high bargaining power of customers? a.A large number of customers b.Full access to information c.The product is differentiated d.None of the foregoingCompetitive advantage can be defined as: Group of answer choices A firm’s ability to establish market leadership. A firm’s ability to grow faster than its competitors. A firm’s potential to earn a rate of profit that is persistently higher than its rivals. A firm’s potential for launching innovative new products.
- Firms are more likely to imitate a differentiation strategy than a cost leadership strategy. Which of the following provides the most compelling reason that Goat may be able to sustain a competitive advantage? Goat executes product differentiation None of the options Both of the options Goat maintains socially complex relationships with SneakerheadsThe barrier to entry that helps reduce the threat of new entrants for an incumbent firm using a cost-leadership strategy would mean _______ 1.Having a substantially lower cost compared to competitors 2.Being able to charge a higher price than competitors 3.Having a substantially higher cost compared to competitors 4.Being able to command a higher cost than competitors from its suppliersPlease provide long detailed answers…… OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts. The company has been in business for over 20 years, mainly producing baby formula for infant nutrition industry and selling the formula exclusively through its distribution network across the United States. Over the years, OPMFORMULA gradually expanded its production capacity and consumer base. However, over the past 24 months, the company has been faced with an unprecedented and unanticipated increase in demand, which has cleared out its storage facilities and exceeded its production capabilities. At this time, the demand continues to be extremely high. The company has an existing storage facility, specifically designed for long-term storage of baby formula (controlled climate, humidity, etc.), which can be converted to a new production line. The new production line would increase the existing manufacturing capabilities by 50%. However, this would require a…