Explain how a differentiation strategy enables a business to address the five competitive forces in such a way that it can enjoy high levels of profitability.
What will be an ideal response?
Differentiation provides protection against rivalry since brand loyalty lowers customer sensitivity to price and raises customer switching costs. By increasing a firm's margins, differentiation also avoids the need for a low-cost position.
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The ______ environment consists of a series of influences that originate outside the organization and that the organization cannot control.
A. mission B. vision C. internal D. external
Selected information from the accounting records of Thackary Company is as follows: Net sales for 2014 .................................... $750,000 Cost of goods sold for 2014 ........................... 500,000 Inventory at December 31 . 2013 ........................ 125,000 Inventory at December 31 . 2014 ........................ 100,000 Thackary's inventory turnover for 2014 is
a. 7.50 times. b. 6.665 times. c. 4.44times. d. 2.22 times.
Assemble-to-order strategy produces a wide variety of products from relatively few assemblies and components after orders are received
Indicate whether the statement is true or false
The phase-out approach to product deletion exploits any strengths left in the product.
Answer the following statement true (T) or false (F)