Combination strategies, such as integrating overall low cost and differentiation, makes it easier for rivals to duplicate or imitate because it is harder for the primary firm to provide value.
Answer the following statement true (T) or false (F)
False
Perhaps the primary benefit to firms that integrate low-cost and differentiation strategies is the difficulty for rivals to duplicate or imitate. This strategy enables a firm to provide two types of value to customers: differentiated attributes (e.g., high quality, brand identification, reputation) and lower prices (because of the lower costs of the firm in value-creating activities). The goal is thus to provide unique value to customers in an efficient manner.
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According to communication experts, what is the greatest failing of business writers?
A) Poor spelling B) Unclear sentence structure C) Ambiguous wording D) Poor organization
Which of the following is a "special circumstance" in which an oral contract may be enforceable under the UCC?
a. It is the first transaction between both parties who are not considered to be merchants. b. The contract is for goods in an amount of $750. c. The seller is specially manufacturing goods for the buyer and begins work on them before the buyer cancels the order. d. There are no special circumstances to the UCC; it deems that all contracts must be in writing.
Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Golden uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pounds per unit; $3 per pound Labor: 4 hours per unit; $20 per hour During the first quarter, Golden produced 5,000 units of this product. At the end of the quarter, an examination of the direct materials records showed that the company used 9,500 pounds of direct materials and the direct materials cost variance was $3,750 U. Which of the following is a logical explanation for this variance? A) The company used more labor hours than allowed by the standards. B) The company paid a higher cost per hour for labor than allowed by the standards. C) The company used a greater quantity of direct materials than allowed by the standards. D) The company paid a higher cost for the direct materials than allowed by the standards.
Franchisors may be found liable for the wrongful conduct of their franchisees on an apparent authority theory when the conduct of the franchisor creates an appearance of authority
Indicate whether the statement is true or false