Factors that lead to a low-cost position also provide substantial entry barriers to substitute and new products as is demonstrated by the retailer, Aldi, whose focus on minimizing costs across the entire operation permits it to position well against competitors such as Walmart.
Answer the following statement true (T) or false (F)
True
The factors that lead to a low-cost position also provide a substantial entry barriers position with respect to substitute products introduced by new and existing competitors. The extreme focus on minimizing costs across its operations makes Aldi less vulnerable to substitutes, such as discount retailers like Walmart and dollar stores.
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A flexible-price policy is most often used where products are not standardized and where bargaining is common.
Answer the following statement true (T) or false (F)
In mixed-leader pricing, the price of a catered reception may be less if the bride buys her wedding cake from the same caterer and pays full price for the cake.
Answer the following statement true (T) or false (F)
If the area to the right of a positive z1 is 0.0869, then the value of z1 must be:
a. -1.36. b. 1.36. c. 1.71. d. 1.80. e. 0.22.
The project scope statement indicates that the client is responsible for training the people who will be using the equipment and that the project team will train the client's trainers. This is an example of
A. Milestones. B. Limits and exclusions. C. Technical requirements. D. Project objectives. E. Deliverables.