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Product differentiation describes registered differences in product characteristics. only occurs when there is brand loyalty. provides an advantage in the market. is usually nonexistent.
Final answer:
Product differentiation refers to actions taken by firms to make consumers perceive their products as different from competitors. It can be achieved through physical aspects, location, intangible aspects, and consumer perceptions. Product differentiation provides a competitive advantage in the market.
Explanation:
Product differentiation refers to any action that firms take to make consumers perceive their products as different from those of their competitors. It can be achieved through various means such as physical aspects of the product, location of sale, intangible aspects, and consumer perceptions.
For example, a company may differentiate its product by offering a guarantee of satisfaction, free delivery services, or a reputation for high quality. Product differentiation can also occur in the minds of buyers due to past habits and advertising, leading to brand preferences.
Product differentiation is advantageous in the market as it helps companies stand out, attract customers, and create brand loyalty. It allows companies to charge higher prices and gain a competitive edge over their rivals.
What changes have increased the risk associated with the santa ana winds in southern california?
Which results from a large company's ability to take advantage of economies of scale?
Nike _________________ its products in foreign countries, where labor is cheap and production sites are owned by other companies. this strategy allows nike to experiment in new markets without incurring large start-up costs involved with building their own production facilities.
Nike outsources its production to foreign countries to lower startup costs and tap into new markets. Outsourcing has led to the rise of sweatshops with dire labor conditions, widely criticized by human rights advocates. This business strategy, fueled by global trade policies, seeks to maximize profits by exploiting lower costs in developing countries.
Explanation:Nike outsources its products in foreign countries, taking advantage of cheap labor and production sites owned by other companies. This outsourcing strategy enables Nike to delve into new markets without the substantial initial costs that come with constructing production facilities. However, outsourcing has led to the creation of sweatshops, which are factories where laborers, often including women and children, work in hazardous conditions for meager wages. The conditions in these sweatshops can be perilous, as highlighted by the tragic Rana Plaza building collapse in Bangladesh in 2013.
Multinational corporations (MNCs) like Nike are drawn to countries with lower production costs, including cheaper labor and existing industrial infrastructure. These corporations have been subjected to criticism for their profit-driven strategies, which exploit the labor of poorly paid workers in unsafe environments. Furthermore, the transition of factories from developed countries to places like China and Bangladesh impacts job availability domestically and contributes to economic shifts worldwide.
Trade policies and the lowering of trading barriers have also facilitated the movement of manufacturing to countries where operation costs are lower. For instance, automobile manufacturers have set up assembly plants in Mexico to utilize the lower wage rates. These actions are part of a global phenomenon of companies seeking the most cost-effective production options, often at the expense of the labor force in these developing regions
Several studies have indicated that strategic decision making is enhanced by using _____________.
what is a mixed economy?
Answer:
Mixed economy is the economic system of the economy which contain features of both capitalist and socialist economy.
Explanation:
A mixed economy is the system of an economy that has a mix of the economy.A mixed economy is the blending of a Market and a command economy.A mixed economy market place takes care of people's needs and wants.In a mixed economy, government make rule and regulations for the market.The mixed economy is considered as the best economic system by the economist until now.
Suppose a professional basketball game is to be played at a suburbansuburban arena, which increases demand for parking on the night of the game. if the suburbansuburban area has thethe ability to create additional parking during periods of peak demand, then
in a formal business document, a works cited list usually appears
Answer: at the end
Explanation:
Nadine works for an accounting firm. she makes enough money for herself and has bought a house with a top-notch security system. in the context of maslow's hierarchy of needs, nadine has fulfilled her _____ needs.​
In the given space provided, the answer is security needs. The safety or security needs revolve around of having to feel physically safe, secure with financial or personal security or being healthy in an over all as a well being in which Nadine has achieved one of them.
Every general purpose computer, regardless of type, requires an application package that supports business functions
Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
What is common and expected of shoppers looking for good deals in the markets of santo domingo?
Compare the world population index for 1960 to the world population index for 2000. then express the world population in 2000 as a percentage of world population in 1960.
The answer is 200%.
If we see the world population index and compare the population in 1960 and 2000, we see that population in 2000 is double than 1960.
World population in 1960 = 3,007,751
World population in 2000 = 6,104,538 which is approximately double than 1960.
So when we express it as percentage multiply 2 with 100 and we get the percentage 200.
Select all that apply. Jerry's Phone Service is a monopoly. Select the items that describe the price and quantity chosen by Jerry. will result in efficient use of resources will result in equilibrium price will maximize profits will cause shortage of goods
Answer:
Monopoly will cause shortage of goods.
Explanation:
A monopoly firm produces the level of output where the marginal cost is equal to the marginal revenue. The price is higher than the marginal cost.
This level of output is smaller than a competitive firm where the output is produced where price equals marginal cost.
This creates a shortage of goods in the market. The resources are not efficiently utilized.
Which best explains one of the benefits provided by economies of scale?
Answer: a larger customer base enables retailers to pay lower prices for wholesale goods
Explanation: Good luck :)
If the consumer has money income of $52 and the prices of j and k are $8 and $4 respectively, the consumer will maximize her utility by purchasing:
Snow productions, inc. reports a balance of $28,000 in accounts receivable and $3,450 in the allowance for uncollectible accounts. what is the net realizable value of the receivables?
On a company's balance sheet, accounts receivable is naturally stated as "accounts receivable, net." Meaning, accounts receivable minus the value of the allowance for doubtful or uncollectible accounts is equals to net realizable value. So for the problem, $28,000 - $3450 = $24,550 is the NRV.
Many organizations now follow the ___________ model to form teams that can handle network intrusions and attacks quickly and effectively.
In the early days of book publishing, publishers functioned as:
The publishers in the early days of book publishing are considered to be no other than just a printer for they are able to publish books and have them written on a reading material which is why they are functioned to be as printers.
Any activity that does not add value to the good or service in the eyes of the consumer is ________.
Why are written documents useful in setting up a government?
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
Collisions caused by fatigue are particularly likely to involve
Which arrangement represents a long-term company-wide incentive plan that provides employees with the option to purchase ownership in the company?
Employee stock option plans represents long term company wide incentive plan that provides employees with the option to purchase ownership in the company. Many companies use employee stock options plans to compensate, hold, and recruit employees. These are contracts between an employer and its employees that give employees the ability to acquire a particular number of the company's shares at a fixed price.
The first step in the ted five-step protocol for effective presentations is
A voip caller wishing to contact another sends an invite message to ________.
Before you purchase an internal laptop part to replace a broken one, what should you verify?
Before you purchase an internal laptop part to replace a broken one, you should verify its compatibility with the brand of your laptop. It is important to save cost – because almost all parts are expensive. It is important to save time, too.
What has happened to newspapers and news stations since the advent of internet news?
Answer:
CREATED WEBSITES OR GONE OUT OF BUSINESS !!!
Explanation:
Some have believed that emotional intelligence (EQ) is a better predictor for success then a general intelligence (IO). Do you believe this is true, why or why not?
Evidence-based policies are based on a ___________ of all available evidence that assesses what works and what doesn't.