Justify why cost leadership Strategy is the best marketing strategy to increase sales and regain market share.

Q: Explain the difference between a cost center and a profit center in an organization.

A: Cost centre refers to a department which will help in supervising, allocating different kinds of…

Q: Consider the following problem. Maximize Z = 5x1 + 3x2 + 4x3, Subject to 2x1 + x2 + x3 ≤ 20 3x1 + x2…

A: Maximize Z = 5x1 + 3x2 + 4x3,Subject to2x1 + x2 + x3 ≤ 203x1 + x2 + 2x3 ≤ 30andx1 ≥ 0, x2 ≥ 0, x3 ≥…

Q: How does sustainability affect consumer involvement ?

A: Consumer behavior is described as the study of the processes and the consumers on how the consumers…

Q: Explain the advantages and disadvantages of different types of business. Describe the various costs…

A: Business are three types 1.sole proprietorship  2.Partnership Business  3.Companies

Q: What is the main objective of a Cost Competitive Advantage?

A: Company is a legal entity created under law having its own rights and responsibilities. A company is…

Q: what are potential consumer responses to service pricing or policies that are perceived as unfair?

A: Pricing the process to every organization to set or fix the price of the its products or services…

Q: What is an example of an industry that you think a best-cost strategy could be successful? How would…

A: Cost-strategy:- Cost strategy is based on simplicity. Cost leadership aims to reduce costs as much…

Q: Consider the three broad categories of firms: manufacturers, retailers, and service firms. Give…

A: There are many companies which are applying either cost leadership or differentiation. Some…

Q: Define the term cost competitive advantage?

A: A manager can regulate the competitive advantage of his association over his rivals by looking into…

Q: What are the things/factors need to be analyzed for assessing supply and competition?

A: Core competencies may be defined as a combination of multiple resources and skills that make the…

Q: Cost management a strategic emphasis

A: Management includes all those activities that are related to getting work done through the people.…

Q: cost leadership strategy. What are two challenges associated with this strategy

A: Cost leadership strategy with its challenges is discussed as follows

Q: Provide an action plan that the company needs to take to achieve competitive advantage over its…

A: A firm is depicted as having a competitive benefit when it effectively pulls in more clients,…

Q: What is the effect of fuel price increase in businesses and business leaders?

A: Fuel in simple words refers to a material that is burned so that power can be produced. Fuel is a…

Q: USI S4025 Marketing Strategy Extra Credit Assignment: Miguel Torres Case Study Using the Miguel…

A: The Miguel Torres case study presents a compelling exploration of international market entry…

Q: Explain with an example how sustainable marketers can overcome the performance barrier to better…

A: Even after so much efforts made by the companies to encourage people on using the green sustainable…

Q: hat is the significance of life cycle cost to a business organization?

A: Life Cycle Costing: This is a vital profitable investigation that is done for selecting substitute…

Q: What is Strategic Cost Management and how is it linked to strategies and competitive advantage?

A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…

Q: When does the marginal cost decrease?

A: Marginal cost is nothing but the change in the overall cost that emerges when the quantity…

Q: What actions can be implemented to reduce ones household's carbon footprint, and what actions are…

A: In simple words, carbon footprint is the amount of greenhouse gases (including both, carbon dioxide…

Q: Identify and summarize the market dynamics involved in both kinds of centrally coordinated policies.

A: The two most powerful policies in hands of the state are fiscal and monetary policy. These policies…

Q: means to determine the true cost of industry.

A: The True Cost is a 2015 narrative movie coordinated by Andrew Morgan that centers around quick…

Q: Discuss why firms choose to become cost leaders?

A: Cost leadership is a strategy which is being used to establish advantage by keeping the price at its…

Q: Provide an example of a structural cost driver

A: Structural cost drivers includes business strategic choices. And in simple words these decisions are…

Q: Academics have argued that market efficiency can be defined using three differing strengths; weak…

A: As per the efficient market hypothesis, markets can not be altered by undervaluing prices since the…

Q: discuss strategies you would apply to place a balanced emphasis on ends and means.

A: Global operation refers to operating the business outside the local boundaries of your country. It…