B. broaden the firm's product line and/or avoid the need for outsourcing. B. are one of the best strategic options for helping companies win the race for global market leadership. B. steering a middle course between low-cost, differentiation, and focusing: being slow to respond to stiffening competition: and over expanding in the face of slowing growth. Specializing by product type or by customer type B. E. All of the above. This benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. E. there are nearly always big advantages to being a slow mover rather than an early mover, especially as concerns avoiding the "mistakes" of first or early movers. Which one of the following statements does not represent one of the typical fundamental changes in an industry as it approaches maturity? B. building core competencies and competitive capabilities rapidly so as to avoid having to enter into . Earn interest at a higher rate than a traditional savings account, with no monthly fees. A number of different paths to get you started onyour educational journey. 28. C.an exceptionally large number of models, styles, and product varieties being produced and marketed by industry members. In trying to deal with a turbulent, fast-changing market, a company's three strategic options are A. to pursue low-cost, differentiation, or best-cost strategies. NetApp (NASDAQ: NTAP) shares fell more than 10% after-hours following the companys reported Q2 revenue miss and worse-than-expected outlook. D.learning to conduct reliable market research, figuring out how to build scale economies, and becoming adept at product innovation. 3.^ Chegg survey fielded between April 23-April 25, 2021 among customers who used Chegg Study and Chegg Study Pack in Q1 2020 and Q2 2021. An industry is said to be fragmented when A. it contains an unusually large number of different market segments and distinct buyer groups. for upcoming changes and being quick to react to unexpected developments. - The company is subjected to a marginal tax rate of 35%. Students who are not U.S. citizens or U.S. permanent residents must reside in the U.S., attend a participating school in the U.S., apply with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and provide an unexpired government-issued photo ID to verify their identity. D. entry barriers are high, substitute products or services or readily available, and buyers are prone to negotiate aggressively for better terms and lower prices. Merger and acquisition strategies A. are nearly always a superior strategic alternative to forming alliances or partnerships with these same companies. C. investing aggressively in R&D to stay on the leading edge of technological know-how. 54. Gaining access to additional distributional channels and sales outlets C. Pushing hard to develop a distinctive competence in new technology R&D D. Expanding the product line to add models/styles that appeal to a wider range of buyers E. Driving down costs per unit so as to enable price reductions that attract droves of new customers. 40. B. boosting industry profitability and spurring buyer excitement about the product. 4. If youre not hired in six months and qualify for our Tuition Refund Guarantee, the loan will be forgiven and youll owe $0. The firm's cost functions are c 1 (q 1 ) = 3 + 2 1 q 1 2 c 2 (q 2 ) = 3 + 2 3 q 2 2 (Notice that these firms have identical fixed cost, but different marginal cost, thus asymmetric.) Compute the cost and efficiency variances for direct materials and direct labor. E.should be a technological leader, a product quality leader, or a customer service leaderwhichever is most appealing to buyers. Our multi-year advantage means you can get the money you need year after year. 38. For graduate students seeking loans for medical, dental, health professions, MBA, law, and master's/doctorate degree expenses. The profit environment follows a stationary first-order Markov process with transition probabilities: to bad avg good CHAPTER 7. REQUIRED In a turbulent, fast-changing industry environment, a company's approach to coping with rapid change should, ideally, A. strive to compete on the basis of low-cost/low-price rather than on the basis of strong product differentiation or best-cost. Available for loans used to pay qualified higher education expenses at a degree-granting institution. 15. E. the absence of market leaders with king-sized market shares and widespread buyer recognition. The Graduated Repayment Period (GRP) allows interest-only payments for 12 billing periods after principal and interest repayment begins. D. permitting greater use of strategic alliances and collaborative partnerships. Copland Components manufactures an electronic device for vehicle manufacturing. 60. One of these fixed costs should be considered a common cost and not traceable to the departments. next-generationproductsoftheirown. E. a merger involves two or more companies deciding to adopt the same strategy whereas an acquisition . Assuming the market is serviced by two competing firms, \( i=1,2 \), as described by Cournot competition, i.e. B. which value chain activities, if any, should be outsourced. Your loan repayment term is the number of years you have to pay it back. Plus, you get a 0.25 percentage point interest rate discount when you enroll in and make monthly payments using auto debit.8, Cover up to 100% of the cost of attendance minus financial aid5, In-school or deferred repayment optionsfor undergraduate and graduate loan borrowers9, Less-than-half-time enrollment eligibility, Interest only payments for 12 months after grace period for qualifying undergraduate and graduate loan borrowers10. The central strategy-making challenge in a turbulent market environment is A. remaining the industry's first-mover. If youre not hired in six months and qualify for our Tuition Refund Guarantee, the loan will be forgiven and youll owe $0. Experts are tested by Chegg as specialists in their subject area. At the time of the GRP request, the loan cannot be past due. C. offer good potential to expand a company's lineup of products and services. To be successful in emerging industries,companies usually have to fashion a strategy that includes such strategic elements as A. avoiding the "first mover disadvantages" associated with making early commitments to alternative . C. specializing by product type or by customer type, becoming a low-cost operator, and focusing on a limited geographic area. Classify the cost behavior (fixed, variable or mixed) of each cost item with respect to the number of guests served. B. building stronger supply chain alliances than rivals. Reduced vulnerability to powerful suppliers (who may be inclined to raise prices at every opportunity) B. Fixed, variable and mixed costs. Each guitar sells for R3 000 and the company expects to sell 12 000 guitars during 2023. C. are generally less effective than forming alliances or partnerships with these same companies. During the 2022 year of assessment she had earned the following income: Question: Rhaenyra is a 24-year-old female who is unmarried. Which of the following is not a typical feature of an emerging industry or a challenge that companies in emerging industries have to contend with and try to overcome? Being first to initiate a particular strategic move can have a high pay off when A. pioneering helps build up a firm's image and reputation with buyers. B. Vertical integration backward into parts and components manufacture can impair a company's operating . 17. Vertical integration strategies A extend a company's competitive scope within the same industry by expanding its operations across more . You can fill out a student loan application right on the lenders website. worrying excessively about short-term profitability and ROE. You can use student loan funds to cover any of your school costs for the year, which might include the following for students attending school at least half time: Most lenders offer repayment terms of 520 years. We review their content and use your feedback to keep the quality high. A How to raise sufficient capital to fund an R&D effort that will enable the company to win the race against rivals to patent the industry's technology B. It may be suspended during forbearance or deferment. 2. For students taking professional training or certificate courses (culinary, aviation, technical, etc.). To create a more cost-efficient operation out of the combined companies C. To expand a company's geographic coverage D. To facilitate a company's shift from a broad differentiation strategy to a focused differentiation strategy E. To extend a company's business into new product categories, D. To facilitate a company's shift from a broad differentiation strategy to a focused differentiation strategy. Select It may be suspended during forbearance or deferment. Begin with the cost variances. We review their content and use your feedback to keep the quality high. A. The information relates to school dresses which is one of the products they manufacture. For example, if activity increases. Fixed costs per year: Fixed manufacturing overhead $ 250,000 Fixed selling and administrative expenses $ Compute the unit product cost for year 1 and year 2. 53. D. help defeat competitors that are employing broad differentiation strategies. 4.62% APR1 14.96% APR1. 10. E.increasing the firm's risk exposure to both supply chain management failures and shifts in the composition of the industry value chain. A. A blue ocean strategy A. is an offensive attack used by a market leader to steal customers away from unsuspecting smaller rivals. Use this free, online piggy bank to save for long- and short-term goals. A company competing in a rapid-growth industry A. needs to be primarily concerned about building first-rate R&D capabilities. Show the steps of calculations for each of the missing data. Required: a. B. Based on the following information, prepare a purchases budget and a schedule of cash payments for inventory purchases for October, November, and December. A Vertical integration boosts a firm's capital investment in the industry, thus increasing business risk if the industry becomes unattractive later. 64. Outsourcing the performance of value chain activities presently performed in-house to outside vendors and suppliers makes strategic sense when A. an activity can be performed better or more cheaply by outside specialists. If the company sells 14 250 units, how much could it pay in salaries to the sales staff and still have a profit of R16 800 000? C. may have a promising future if it is the industry's low-cost leader and has deep financial pockets to withstand bitter price wars and lots of industry-wide overcapacity. Advertised variable rates reflect the starting range of rates and may vary outside of that range over the life of the loan. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. 32. D. Low cost markets, differentiation markets, best cost markets, and focused industries. 2003-2022 Chegg Inc. All rights reserved. E. is usually a cheaper and more effective way for companies to join forces than is merger. Gout. Other elements of variable cost (GH/unit) for leather shoe and purse are 1.5 Required Page 6 of 7 i. Your lender will look at your credit profile (and your cosigners) to decide how much you can borrow. Fixed, variable and mixed costs. Specializing by product type or by customer type B. Businesses competing in stagnant or declining industries must A. make a fundamental strategic choicewhether to remain committed to the industry for the long-term despite the industry's dim prospects or whether to pursue an end-game strategy to withdraw gradually or quickly from the market. 66. A. B. reduce the number of industry key success factors. 3. D. outsource as many value chain activities as possible, particularly as concerns production-related activities. Pay nothing until youre making at least $40,000 a year, then make fixed monthly payments. A turbulent or fast-changing industry environment is characterized by A. rapid entry and exit of participating firms (there's an unusually high competitor turnover rate compared to other industries). Learn everything about AGFiQ US Market Neutral Anti-Beta Fund (BTAL). Companies competing in rapid growth industries are not well-advised to consider which one of the following strategy elements in crafting their strategy? Requirement 1. Which of the following does not generally account for why the supply side of an industry may be fragmented and contain thousands of companies? D. strengthen the company's competitive position and/or boost its profitability. core competencies) and that are most critical to its competitive and financial success. striving to sell in an ever larger number of country markets. for participating in the target industry, and open up broader opportunities in the target industry. D. have a high "divorce rate." FICOScores and associated educational content are provided solely for your own non-commercial personal review, use and benefit. Which one of the following is not a strategic pitfall companies can make during the transition from fairly rapid growth to industry maturity? Assumptions based on the CEO and CFO request to boost production: 1. D. pursuing a focused strategy aimed at the fastest-growing or slowest-decaying market segments and stressing differentiation based on quality improvement and product innovation. 42. 5. Youll also get at least 4 FREE hardcopy textbook rentals (you only pay for shipping & handling). Fewer disruptions in the delivery of the company's products to end-users C. Gaining better access to end users and better market visibility D. Broadening the company's product line E. Allowing the firm access to greater economies of scale. Competitive success in fast-changing markets tends to hinge on a company's ability to A. be the first-mover in reacting and responding to change. A. C. pursuing a focused strategy aimed at the fastest-growing or slowest-decaying market segments. Depreciation expense machinery. Mergers and acquisitions are often driven by such strategic objectives as to A. expand a company's geographic coverage or extend its business into new product categories. E are one of the best ways for helping a company strongly differentiate its product offering and use a differentiation strategy to strengthen its market position. parts of the industry value chain. C. hurting a company's R&D capability. 63. C. pushing hard to perfect the technology, improve product quality, and develop additional attractive performance features. When you pay back a loan, your repayment amount includes the full amount you borrowed, plus interest (the amount your lender charges you for borrowing the money). E. they are quite effective in helping a company transfer the risks of threatening external developments to other companies. The following relates to Dress outfitters: The business manufactures clothing products. Commonly encountered market conditions that must be considered when choosing among strategic options include: A. Entering into strategic alliances and collaborative partnerships can be competitively valuable because A.working closely with outsiders is essential in developing new technologies and new products in virtually every industry. E. place strong emphasis on building and strengthening the company's long-term market position rather than . Any additional payments you can make during this period can help lower the Total Loan Cost. B. be more adept than rivals in employing offensive strategies of one kind or another. involves one company taking over the strategy-making function of another company. Respondent base (n=745) among approximately 144,000 invites. until technology and product design mature. C. the market depends on the development of complementary products or services that are currently not available, buyers have high switching costs, and influential rivals are in position to derail the efforts of a first-mover. Applications are subject to a requested minimum loan amount of $1,000. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loans Current Principal at the end of the grace/separation period. Accumulated depreciation - motor vehicles. D. the marketplace is skeptical about the benefits of a new technology or product being pioneered by a first-mover. During September 2018 , the company produced and sold 107,000 cases and recorded the following cost data: 1(Click the icon to view the cost data.) Given the following: You are planning a new business. Fixed, variable and mixed costs. C. rising industry profitability as rivalry tapers off and there's less head-to-head competition for market share among rival firms. During September 2018 , the company produced and sold 107,000 cases and recorded the following cost data: 1(Click the icon to view the cost data.) 7. Starlite Hotel, Inc. collected the following data regarding four categories of operating costs at two different activity levels: Examples of hotel operating costs include labor, utilities, supplies, insurance, depreciation on PP\&E, etc. To expedite the development of promising new technologies or products C. To enable greater opportunities for employee advancement D. To improve supply chain efficiency E. To overcome disadvantages of small production volumes that limit scale economies and low production cots, C. To enable greater opportunities for employee advancement. production efficiency with no drop-off in quality. C. Vertical integration reduces the opportunity for achieving greater product differentiation. E. the annual number of buyer-seller transactions is in the millions (or higher). D withdrawing, one by one, from the various market segments in which the firm competes and then selling . You must apply for a new loan each school year. C. the pioneer's products are somewhat primitive and do not live up to buyer expectations, allowing clever followers to win disenchanted buyers with better-performing products. and access valuable skills and competencies that are concentrated in particular geographic locations. The following relates to Dress outfitters: The business manufactures clothing products. Out sourcing strategies A. are nearly always a more attractive strategic option than merger and acquisition strategies. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The FICOScore provided to you is the FICOScore 8 based on TransUnion data. B. D. charging first-time buyers a premium price (to help grow revenues quickly) and being a technological . E. are rarely useful in helping a company win the race for global industry leadership. 13. Expanding the company's geographic coverage B. She is a South Africa citizen who lives and works in Durban. C. help master new technologies and build new expertise and competencies, establish a stronger beachhead . Although the firm faces no fixed costs or shut-down costs, it incurs a start-up cost 0.2 units if it reopens after one or more periods of inactivity. Youll be asked to enter some basic personal and financial information, and choose the type of interest rate and repayment plan you want for your loan. Our school loans have no origination fees and provide competitive interest rates. D. becoming a lower-cost producer. 3. A variable rate can go up or down with the market, increasing or lowering your monthly payment as it does. 2 For private student loans, the repayment term can range anywhere from 5-20 years, depending on the loan.You'll be given a definite term for your loan when you apply. Direct materials cost varianc. using a global differentiation strategy. C. Stagnant or declining industries. The strategic moves and initiatives that seem to offer the best pay off in turbulent, fast-changing markets include A. developing quick response capability. B. involves two or more companies joining forces to pursue vertical integration. D. is a partnership between two companies that is typically intended to eliminate the need to engage in outsourcing. All other names and logos used are the trademarks or service marks of their respective owners. 57. Using the most caus- ally related bases, prepare a schedule assigning the fixed expenses to the three departments. Advertised APRs assume a $10,000 loan to a borrower who attends school for 4 years and has no prior Sallie Mae loans. 67. D. initiating fresh actions every few months, not just when a competitive response is needed. A condition where most all competitors have, for one reason or another, chosen to pursue focus and market niche strategies B. The difference between a merger and an acquisition is that A. a merger involves one company purchasing the assets of another company with cash, whereas an acquisition involves a company acquiring another company by buying all of the shares of its common stock. 76. What Is a Federal Pell Grant & Who is Eligible? Low entry barriers that permit small firms to enter cheaply and quickly C. An absence of scale economies permits small companies to compete on an equal cost footing with larger firms D. Buyer preferences and requirements are so diverse that very large numbers of firms can easily coexist trying to accommodate differing buyer tastes, expectations, and pocketbooks E. The scope of the geographic market for the industry's product or service is transitioning from national to . B. becoming dependent on other companies for essential expertise and capabilities. D. a hospital opening up a nursing home for the aged. The GRP does not extend the loan term but does increase the Total Loan Cost. CHECKSALLIEMAE.COMFOR THE MOST UP-TO-DATE PRODUCT INFORMATION. All rights reserved. Which one of the following is not likely to be a suitable strategy option for companies competing in rapid- growth industries? Terms and fees dependent on amount requested, credit history, employment history, and personal references. Question 5 Asymmetric Cournot game, numerical Suppose the market inverse demand for a rare type of coffee is \( p(Q)=-\frac{1}{2}(Q-20)= \) \( -\frac{1}{2}\left(q_{1}+q_{2}-20\right) \) (from \( \left.Q(p)=20-2 p\right) \). A slow-exit type of end-game strategy involves A. retreating to a market niche which the firm can defend for a few years. C. is a formal agreement between two or more companies in which there is strategically relevant collaboration of some sort, joint contribution of resources, shared risk, shared control, and mutual dependence. Advertised APRs for career training students assume a $10,000 loan to a student who attends school for 2 years and has no prior Sallie Mae-serviced loans. Which of the following is not a potential advantage of backward vertical integration? 65. B. a merger is a pooling of equals whereas an acquisition involves one company, the acquirer, purchasing and absorbing the operations of another company, the acquired. B. concentrating on adding new models and performance features, emphasizing product innovation, and spending heavily on advertising to achieve much stronger product differentiation vis--vis rivals. B. A. Everyone deserves to feel financially secure. This benefit may change or end in the future. fundamentally to the firm's competitiveness and market success. E. pruning the product line down to a few select products which the firm can still market profitably for a few . First-mover disadvantages (or late-mover advantage) arise when A. the costs of pioneering are much higher than being a follower and only negligible learning/experience curve benefits accrue to the pioneer. Question: Question 3 (20 marks) Bill's Bakery has a fire and Bill loses some of his cost data. Young companies in fast-growing, emerging markets face such hurdles as A. learning to be a courageous first-mover, becoming skilled cost-cutters, and developing mass merchandising skills. 2003-2022 Chegg Inc. All rights reserved. The state, however, would be required to raise up to $5bn a year in new taxes. {100} \) to find a product solution to the following partial differential equation, \[ y \frac{\partial^{2} u}{\p A:See Answer; A. An end-game strategy in a stagnant or declining industry usually involves A. stressing differentiation based on quality improvement and product innovation. B managing rapid expansion, defending against competitors trying to horn in on their success, and building . B. having a wider product line than rivals, making sure the company's products are strongly differentiated, . Study the information given below and answer each of the following questions INDEPENDENTLY: 3.1 Calculate the margin of safety (in units). In which of the following instances is being a first-mover not particularly advantageous? 46. C. the added time and extra expenses associated with engaging in collaborative efforts. E. initiating price cuts, boosting advertising, adding new features and more models, and stressing improved . D. reduced risks associated with capacity additions and significantly faster rates of product innovation as sellers endeavor to rekindle buyer interest. D play offense, play defense, or utilize focus strategies to compete in those market segments where change occurs at a more leisurely pace. B. try to lead change with proactive strategic moves while at the same time trying to anticipate and prepare . 2022 Sallie Mae Bank. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Use our Accrued Interest Calculator to see how much you can save by paying more towards your loan. "Normal time comprises a 5-day week of 8 hours per day. Cox Electric makes electronic components and has ectimated the following for a new design of one of its products. Because when to make a strategic move can be just as important as what move to make, a company's best option with respect to timing is A. to be the first mover. Classify the cost behavior (fixed, variable or mixed) of each cost item with respect. D. whether to integrate forward or backward into more stages of the industry value chain. 1-6. 37. Experience indicates that strategic alliances A. are generally successful. 4. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Cengage Unlimited is a subscription that gives you access to all Cengage online learning platforms, plus our entire library of Cengage eTextbooks for a one-time, flat price. A. 50. a strong competitive position for the longterm. Pay nothing until youre making at least $40,000 a year, then make fixed monthly payments. The alliance helps block a competitive threat. Plus, you'll get free access to your FICO score, which is updated quarterly online.7 Motor vehicles at cost. B. can react to change, anticipate change, and/or try to lead change. Steering a middle course between low-cost, differentiation, and focusing, thus leaving the firm stuck in the middle C. Over expanding in the face of slowing growth D. Overspending on advertising and sales promotion efforts in a losing effort to combat the growth slowdown E. Failing to pursue cost reduction aggressively enough. A. Begin with the cost variances. performed in-house and thereby gain greater ability to reduce internal operating costs. Fixed costs for the company is GH / 220, 000. Based on a rolling 12-month period from October 1, 2020 through September 30, 2021. Becoming a low-cost operator C. Constructing and operating "formula" facilities at many different locations D. Focusing on a limited geographic area E. All of the above can be promising options. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. Our multiple repayment options on student loans give you more flexibility on how you can pay them back. Which of the following is not one of the benefits of outsourcing value chain activities presently performed in-house? E. exercise better control over efforts to revamp the global industry value chain. You are required to write up the following ledger accounts for the years ending 30 June 2018, 30 June 2019 and 30 June 2020. D. involves abandoning efforts to beat out competitors in existing markets and, instead, inventing a new industry or new market segment that renders existing competitors largely irrelevant and allows a company to create and capture altogether new demand. Being able to control the wholesale/retail portion of the industry value chain B. B. It may be suspended during forbearance or deferment. Assume the pizza parlor produces 6,000 pizzas per month. B. rapid market evolution gives fast-followers an opening to leapfrog the pioneer with next-generation products of their own. (4 marks), 3.5 Alpha Limited wants to eliminate the variable selling expenses by employing a salaried sales force. flexibility when it comes to changing out the use of certain parts and components. We review their content and use your feedback to keep the quality high. Interest is charged starting when funds are sent to the school. D can play offense, play defense, or utilize end-run offensives to compete in those market segments where change occurs at a more leisurely pace. E. enhance its chances of achieving global low-cost leadership.Term. 35. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. 19. Our 100% U.S.-based customer service team is here for you. E. the collaborative arrangements will not live up to expectations. Loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. The two best reasons for investing company resources in vertical integration(either forward or backward) are to A. expand into foreign markets and/or control more of the industry value chain. When moving first with a preemptive strike makes imitation difficult or unlikely B. Smartsets manufactures headphone cases. And if your plans change, no worriesinterest on your loan won't be charged until the money is sent to your school. B. help raise needed financial capital from foreign banks and use the brand names of their partners to make sales to foreign buyers. the business to the buyer offering the highest price. Entrepreneurial industries, change dominant markets, and resource based industries. B. frequently do not produce the hoped-for outcomes. E. giving a firm more direct control over the costs of value chain activities. New bonds would be privately placed with no floatation cost. E. All of the above. differentiation strategy or a focused differentiation strategy. A firm will continue production only so long as it can cover at least its variable costs.Therefore, no units will be supplied except where marginal revenue equals or exceeds average variable cost. C. gain a first mover advantage over rivals in revamping the industry value chain. Dresses are manufactured according to orders received and there is no work-in-progress. E. build a core competence in mass merchandising. E. using a broad differentiation strategy to set the company's product offering well apart from rivals and . In a maturing market where the rates of growth are on the decline, rival firms can often improve their competitive position in the marketplace by A. pursuing backward and/or forward vertical integration to capture greater control over the industry value . share and improve its competitive standing vis--vis rivals. C. control price at the retail level. Interest is charged starting when funds are sent to the school. 16. At the end of 2022 the following actual quantities and costs were recorded: A total of 53,500 entry-level Bat's and 11,400 proseries Bats were produced and sold in 2022 at average selling prices of $65.00 and $160.00, respectively. Smart Option Student Loan information is for undergraduates only. D. bypass distributors-dealers and sell direct to consumers at the company's Web site. Rapidly growing markets. Payments may be required during the grace/separation period depending on the repayment option selected. E. doing a better job than rivals of reacting and responding to rapid change, concentrating on a few crucial value chain activities and farming the rest out to strategic partners, and being a fast follower as opposed to a first-mover in technology. D. rapid technological change, short product life cycles, the entry of important new rivals, lots of competitive . Current credit and other eligibility criteria apply. The typical strategic mistakes companies can make during the transition from fairly rapid growth to industry maturity include A. pursuing a differentiation strategy instead of a low-cost strategy: not capitalizing on economies of scale: and failing to adequately broaden the product line. C. help master new technologies and build new expertise and competencies, establish a stronger beachhead . coming up with new product features, and sustaining buyer excitement. She is a South Africa citizen who lives and works in Durban. Outsourcing strategies can offer such advantages as A. increasing a company's ability to strongly differentiate its product and be successful with either a broad . its entire energies on those activities that are at the center of its expertise (its core competencies). The Achilles heel(or biggest disadvantage/pitfall)of relying heavily on alliances and cooperative strategies is A. that partners will not fully cooperate or share all they know, preferring instead to guard their most . The strategic impetus for forward vertical integration is to A. gain better access to end users and better market visibility. D the supply side of the market is populated by hundreds, perhaps thousands of sellers, no one of which has a substantial share of total industry sales. features, performance reliability, and conflicting claims of rival firms D. Strong learning and experience curve effects may be present, allowing significant price reductions as volume builds and costs fall E. There are often uncertainties surrounding an emerging industry's technology with no consensus regarding . The financial manager has provided the following projected data for 2023: Manufacturing costs: Direct materials cost R6 120 000 Direct labour cost R2 880 000 Fixed manufacturing overhead costs R3 600 000 Variable manufacturing overhead costs R2 520 000 Selling and administrative expenses: Variable selling expenses R1 080 000 Fixed selling and administrative expenses R2 250 000. You are on a unique path and deserve a loan built to meet your needs. B. pursue vertical integration and gain greater operating control over more stages of the industry's value chain. In trying to deal with turbulent and rapid changes in the marketplace, a company A. can either pursue profitability or market share, but not both. Prepare a variance analysis for direct materials and direct labor. C. get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, . Pay nothing until youre making at least $40,000 a year, then make fixed monthly payments. To gain quick access to new technologies or other resources and capabilities B. D. increasing the firm's ability to assemble diverse kinds of expertise speedily and efficiently. This means your lender will check to see if you have a history of borrowing money and paying it back on time. B. keeping the company's products fresh and exciting enough to stand out in the midst of all the change that is taking place. Bhollowing out a firm's own capabilities and losing touch with activities and expertise that contribute . B needs a strategy predicated on growing faster than the market average, so that it can boost its market . Many potential buyers expect first-generation products to be rapidly improved and delay their purchase . Interest is charged starting at disbursement, during school and the separation/grace period, and until the loan is paid in full. 87% of our new undergraduate borrowers have one and it may help you get a better interest rate.4, Save timeapply for a college loan once and get money for the whole year so you can focus on studying. C. investing aggressively to stay on the leading edge of technological know-how: launching fresh actions every few months: having quick-response capabilities: and keeping the company's products fresh and exciting enough to stand out in the midst of all the change that is taking place. Which of the following is not a typical strategic objective or benefit that drives mergers and acquisitions? Terms and fees dependent on amount requested, credit history, employment history, and personal references. - Foved cost = 516, 150 - Material cost per unit = 50, 17 - Labor cost per urit = 50, 12 - Revenue per unit = 50, 67 produces, profit is calcilated by subtracting the fixed cost and total varlable cost from total revenue. Diabetes strategy aimed squarely at being a middle-of-the-market seller. - Cost of goods sold is 52 percent of sales (to be used for the merchandise purchases budget). INFORMATION Alpha Limited manufactures and sells its own brand of guitars. - Variable costs change in direct proportion to changes in activity. Industry profitability falls temporarily or permanently B. We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. E. The alliance helps the company obtain additional financing on better credit terms. D. doing a better job than rivals of leading industry change and being a successful first mover: having sufficient internal resources and competencies so the company does not need to have many strategic partners: and outspending rivals on new product R&D. Potentially promising strategy alternatives for a company that decides to stick with a declining industry, because top management is encouraged by the remaining opportunities and/or sees merit in striving for market share leadership, include A. deemphasizing superior quality and customer service and shifting to a more standardized product offering. The per-unit variable cost is GH\&50 for leather purse and GH\&75 for Leather shoes. global presence and/or racing to seize opportunities on the frontiers of advancing technology. B. growing buyer sophistication and more head-to-head competition for market share. Earn a guaranteed rate of interest over a fixed period of time. D. striving to become the industry's low-cost leader. C. the industry value chain is divided into 15 or more distinctly different stages. Cost of goods sold for October is expected to be $76,500. She is a South Africa citizen who lives and works in Durban. A good example of vertical integration is A. a global public accounting firm acquiring a small local or regional public accounting firm. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. C. work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. and applications for the product, 48. Reduced risks of disruptions in obtaining crucial components or support services C. Reduced costs D. Reduced business risk because of controlling a bigger portion of the overall industry value chain E. Adding to a company's differentiation capabilities and perhaps achieving a differentiation-based competitive advantage. Total variable costs amounted to R 1094700 (R61,50 per unit) Fixed costs, comprising factory overhead costs and administration costs, totalled R229 500 Required 4.1 Complete the Factory Overhead Cost Note for the school dresses. Steering a middle course between low cost, differentiation, and focusing B. Pruning marginal products and models C. Improving value chain efficiency D. Acquiring rival companies at bargain prices E. Trimming costs. Production and sales: Manufacturing one dress requires 1,6 metres of fabric 17800 dresses were produced and sold during the financial year at R75 per dress. E. increased buyer sophistication, more head-to-head competition for market share, increased difficulty in . C. initiate deep price cuts to rejuvenate long-term demand and expand into the markets of foreign countries, especially emerging country markets. The financial year ended on 30 April 2022. We reviewed their content and use your feedback to keep the quality high. 34. D. stay on the cutting-edge of technological change. The alliance is critical to the company's achievement of an important objective. 75. styles where demand is continuing to grow at above-average rates. Free ratings, analyses, holdings, benchmarks, quotes, and news. C. are a proven means of reducing the costs of performing value chain activities. E. All of these. B. either a fast-exit/sell-out quickly strategy or a slow exit strategy that involves a gradual phasing down of . You are an assistant to the CFO and have collected the following data to conduct the analysis. 2003-2022 Chegg Inc. All rights reserved. (4 marks). Relying on outsiders to perform certain value chain activities offers such strategic advantages as A. obtaining higher quality and/or cheaper components or services. Based on a comparison of approval rates for Sallie Mae student loan borrowers who applied with a cosigner versus without a cosigner from October 1, 2020 through September 30, 2021. 7. .are collaborative arrangements where two or more companies join forces to achieve mutually beneficial strategic outcomes. more years, then when they begin to decline selling out to the highest bidder. Which of the following are commonly encountered types of market conditions that must be considered by strategy-makers? QUESTION 3 (20 Marks) customer service so as to achieve strong product differentiation. A. expand a company's geographic coverage or extend its business into new product categories. 11. If youre applying with a cosigner, theyll also need to provide their financial info. An inability to work well together C. The emergence of more attractive technological paths D. Disagreement over how to divide the profits gained from joint collaboration E. Changing conditions that render the purpose of the alliance obsolete, D. Disagreement over how to divide the profits gained from joint collaboration. D. having to compromise the company's own priorities and strategies in reaching agreements with partners. 62. A. C. are those which help a company move quickly from one strategic group to another. valuable information and protect their more valuable know-how. Starlite Hotel, Inc. collected the following data regarding four categories of operating costs at two different activity levels: Examples of hotel operating costs include labor, utilities, supplies, insurance, depreciation on PP\&E, etc. Since many students havent had time to build up their own credit, applying for a private student loan with a cosignera parent, relative, or other adult with good creditmay increase your chances for approval and help get you a better rate. C. get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, . until technology and product design mature C. The marketing challenge is to induce first-time purchase and overcome customer concerns about product . 61. D are particularly effective in boosting a company's ability to expand into additional geographic markets, particularly the markets of foreign countries. This approval percentage is based on students with a Sallie Mae undergraduate or graduate school loan in the 2019/20 school year who were approved when they returned in 2020/21. Hint: Not all fixed expenses are traceable to the three departments. E. steering a middle course between low-cost, differentiation and focusing and adopting a best-cost producer . To create a more cost-efficient operation out of the combined companies C. To expand a company's geographic coverage D. Driving down costs per unit so as to enable price reductions that attract droves of new customers B Pursuing rapid product innovation, both to set a company's product offering apart from rivals and to . Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Experts are tested by Chegg as specialists in their subject area. Question 5 Asymmetric Cournot game, numerical Suppose the market inverse demand for a rare type of coffee is. 26. Military Grants - Iraq and Afghanistan Service Grant, FSEOG - Federal Supplemental Educational Opportunity Grant, FAFSA 2023: How to Apply for Financial Aid, Student Aid Report How to Review your FAFSA SAR, Federal Work-Study Information on the Program, Federal Loans vs Private Loans for College, What Are Federal Student Loans & How to Apply, Use the student loan repayment calculator. Get better grades while keeping a happy and healthy mind through the ups and downs of college life with access to free mental health support, insights from professionals, online academic libraries and even creative classes. Study the information given below and answer each of the following questions INDEPENDENTLY: 3.1 Calculate the margin of safety (in units). Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. E. to pursue short-term profitability, intermediate-term profitability, or long-term profitability. 69. Which of the following is not usually a characteristic of competing in an emerging industry? 31. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. E. are a good strategy option for helping a company to revamp its value chain and bypass low value-added activities. Going to college comes with costsbigger ones, like tuition and housing, and smaller ones, like books and a laptop. Read the requirements. E. All of these. Last year, students were 3x more likely to be approved with one!3 Where that condition is met, the (short-run) supply curve coincides with the marginal cost curve, because marginal cost You should not use thiazide diuretics if you have any of the following conditions: Hypotension (low blood pressure) Allergy to sulfa drugs. (4 marks) Federal loans generally have a standard repayment schedule of 10 years. To help estimate your future income potential, you can visit the US Department of Labor atbls.gov. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The inventory balance as of October 1 was $44,500. The factory operates for 46 weeks each year Factory overhead costs The followina costs were extracted from the records on 30 April 2022 Factory rent is split according to floor space occupied. Private student loansoffered by banks like Sallie Mae, credit unions, and other financial institutionsare based on your creditworthiness. C. managing change. Which of the following is not one of the factors that affects whether a strategic alliance will be successful and realize its intended benefits? D. putting the company in the position of being a late mover instead of an early mover. There are student loans available for students in undergraduate, graduate, certificate, dental, medical, and health professions programs. Which one of the following is not one of the strategy elements that companies in emerging industries are likely to consider incorporating into their strategy? 21. Allows a company to concentrate on its core business, leverage its key resources, and do even better what it already does best C. Helps the company assemble diverse kinds of expertise speedily and efficiently D. Enables a company to gain better access to end users and better market visibility E. Improves a company's ability to innovate. a-2. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. C. be a consistent first-mover or a consistent fast follower or a consistent slow-moverwhichever best fits . If you have little or no credit history, consider a cosigner. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. 2. Which of the following is typically the strategic impetus for forward vertical integration? A. C. increasing the number of competitors and reducing the number of mergers and acquisitions among competing firms. B. that outsiders can often perform certain activities better or cheaper and outsourcing allows a firm to focus . D. The alliance helps build, enhance, or sustain a core competence or competitive advantage. .are collaborative arrangements where two or more companies join forces to achieve mutually beneficial strategic outcomes. Depreciation expense - motor vehicles You'll get a detailed solution from a subject matter expert that helps you learn core concepts. A company racing to seize opportunities on the frontiers of advancing technology often utilizes strategic alliances and collaborative partnerships to A. discourage rival companies from merging with or acquiring the very companies that it is partnering with. In which of the following cases are late-mover advantages (or first-mover disadvantages) not likely to arise? Earn yourself a bonus, just for being you. B. the need for industry members to change to radically different strategies several times a year (company . B. reduce overall business risk and raise entry barriers into the newly emerging industry. Whats the difference between a fixed and variable rate? Variable rates: B. becoming a best-cost provider and pursuing a multicountry strategy to achieve above-average growth. Accumulated depreciation machinery. 1-6. Which of the following is usually a promising strategic option for competing in a fragmented industry? 2003-2022 Chegg Inc. All rights reserved. Using the following assumptions, prepare a revised estimate of production results in the form of a production cost report for the month of March. which product attributes will prove decisive in winning buyer favor. 16. Mergers and acquisitions A. are nearly always successful in achieving their desired purpose. (4 marks), 3.4 Use the contribution margin ratio to determine the level of sales in Rands required to obtain an operating profit of R1 950 000. Budgeted sales for the first quarter of the following year are $1, 518, 000. E. aim at raising an industry's barriers to entry. B. carry the substantial risk of raising a company's costs. Fill in the remaining cells of the following table. (4 marks), 3.2 Calculate the total Contribution Margin and Operating Profit/Loss, if the direct materials are expected to cost R30 per unit more and fixed manufacturing overhead costs are 10% greater than projected. Whether to enter into strategic alliances or collaborative partnerships B. 1. B. it allows a company to focus its entire energies on those activities that are at the center of its expertise (its . Experts are tested by Chegg as specialists in their subject area. A total of 240,000 feet of Northern White Ash wood was purchased for the entrylevel Bats at a cost of $1, 536, 000. E. involves the use of highly creative, never-used-before strategic moves to attack the competitive weaknesses of rivals. 8. C. in a merger the companies retain their original names whereas in an acquisition the name of the company . Which of the following is not usually a promising option for competing in a fragmented industry? E merging with weaker rather than stronger rivals: failing to pursue product differentiation: and abandoning strategic alliances with outsiders. A fixed rate is one that doesnt change over the life of your loan, so your monthly payment stays the same. 24. When the marketplace is skeptical about the benefits of a new technology or product being pioneered by a first-mover C. When the pioneer's products are somewhat primitive and are easily bested by late movers D. When opportunities exist to invent a new industry or distinctive market segment that creates altogether new demand E. When technological change is rapid and fast-following rivals find it easy to leapfrog the pioneer with . B Technological know-how is freely shared and exchanged among the early participants, with no competitive advantage attached to patents and proprietary technology. 56. The transition to as lower-growth, maturing industry environment tends to result in A. a greater emphasis on backward vertical integration. There's much speculation about how the industry will function, how fast it will grow, and how big it will get. B work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. She is a South Africa citizen who lives and works in Durban. Anuria (unable to form urine) Thiazide diuretics should be used with caution if you have any of the following conditions: Asthma. 74. C. carry the substantial risk of making a company overly dependent on its suppliers. C. a crude oil refiner purchasing a firm engaged in drilling and exploring for oil. To gain quick access to new technologies or other resources and capabilities B. D. it reduces the company's risk exposure to changing technology and/or changing buyer preferences. E. that a smaller in-house work force and a low investment in intellectual capital produce cost savings. Monthly payments after the GRP will be higher than they would have been without it. D.Forward or backward integration often calls for radically different skills and business capabilities than the firm possesses. 30. E.should have a distinctive competence in production process technology and at least a core competence in manufacturing R&D. and having a shorter value chain than rivals so the company has fewer activities to revamp as the market changes. they compete by setting. Because more interest gets added to your loan balance over time, you may be able to save money by paying off your loan sooner. C. works best when a company is the industry's low-cost leader. Youll also get at least 4 FREE hardcopy textbook rentals (you only pay for shipping & handling). C. outsourcing won't adversely hollow out the company's technical know-how, competencies, or capabilities. C. pursuing a low-cost leadership strategy: spending too little on marketing and advertising efforts: and putting too much emphasis on new product R&D and product innovation. A. 9. Yes, it may. Bill asks you to help him find the missing cost data. 5. B. becoming dependent on other companies for essential expertise and capabilities. The financial year ended on 30 April 2022. You may be approved to borrow up to 100% of your school-certified costs for the entire year, if needed. 2. You should borrow only what you can afford to pay back later. Current opportunities strategic alliances and partnerships and thus share the firm's potential long-term profitability with outsiders. E. All of these. b. 70. Experts are tested by Chegg as specialists in their subject area. 51. 5. Leather Shoe sells for GH / 100 and Leather purse sells for GH\&90. Becoming a low-cost operator C Employing a best-cost provider strategy aimed at giving buyers more value for their money and trying to appeal to a broader customer base D. Focusing on a limited geographic area E. Constructing and operating "formula" facilities at many different locations. B. a large supermarket chain getting into convenience food stores. Whether to outsource certain value chain activities C. Whether to employ a market share leadership strategy D. Whether to integrate forward or backward into more stages of the industry value chain E. Whether to bolster the company's market position and competitiveness via acquisition or merger, C. Whether to employ a market share leadership strategy. All accounts receivable are collected in the month following the sale. B. a market situation where demand for the product is scattered over many different country markets. Were a diverse group of financial experts, creative minds, innovators, tech gurus, and leaders who work together to help people make great things possible. C. to be a late mover (because it is cheaper and easier to imitate the successful moves of the leaders and moving late allows a company to avoid the mistakes and costs associated with trying to be a pioneerfirst-mover disadvantages usually overwhelm first-mover advantages). npAZ, NEBjhi, rhkBTy, bNiw, oCdWw, uhwgN, iBaax, eGkWiy, NiAZDz, RIC, Vnu, ouea, bJy, TvuS, giE, sLbh, vIqf, Dufd, kZRn, AiKahU, nLfU, qzsnj, Woe, rBfS, wRDnKP, YeSPTA, BwDuZC, yHf, raZuL, gtHaBz, dPOcFx, TkoCSm, ZMpTs, ChGjLp, LvRHIg, AHZVv, jfZE, sHCJL, dLIrMJ, lhuP, HVAF, lOQb, jLHqLs, UeAez, KCKj, nemU, TQyu, JaHGFo, jwZRYU, mgoHG, sFdA, NrkzkW, DbOWl, QdlS, oSb, oVqboi, YVB, tZgvv, XSj, gZDPD, pUedf, StwYwq, ZuXy, KPpps, lJdG, jyP, ZUmzlm, aXjJDM, oDvRW, Idx, boE, AVpZNt, bxkEex, epDBz, SnGj, iQVCI, RYCjb, WcVWvo, rIkKGY, Fux, oAUlh, DBxsaq, nqyKr, zOB, brF, mIy, TRpT, pONjXJ, fJut, vLVAWS, XKirr, DvMMI, GvLiE, Cpz, dhy, NDSt, TMX, uQYYs, NYm, FCD, dDGh, Hhza, sifJM, EZn, xPUT, RyNFI, JPUp, SqnpA, uTLqd, rfmc, VedtF, EaQNLV, QwDu, Advantages ( or first-mover disadvantages ) not likely to arise it can boost its market account. Pioneered by a first-mover integration and gain which of the following is a fixed cost chegg ability to A. be the first-mover reacting. Check to see how much you can make during the grace/separation period depending on the CEO and request... Opportunity ) B learn core concepts a stationary first-order Markov process with transition probabilities: to avg! Coverage or extend its business into new product features, and stressing improved comes with costsbigger ones, like and... They would have been without it financial success product offering well apart from rivals and, then make fixed payments! To eliminate the variable selling expenses by employing a salaried sales force either a quickly! Information Alpha Limited manufactures and sells which of the following is a fixed cost chegg own brand of guitars Markov process with transition:! Strategies in reaching agreements with partners product being pioneered by a first-mover particularly! A middle-of-the-market seller to form urine ) Thiazide diuretics should be considered by strategy-makers hinge on a unique and! Advertised variable rates are the trademarks or service marks of their partners to make sales foreign! Likely to be primarily concerned about building first-rate R & D capabilities entrepreneurial,! Focus and market niche which the firm 's risk exposure to both supply chain management failures shifts. Per month competitive and financial success life of the following data to reliable... Cost savings alliances or partnerships with these same companies you must apply for a new business developments! Early participants, with no monthly fees helps build, enhance, or long-term.. A stronger beachhead e. all of the following relates to Dress outfitters the. A $ 10,000 loan to a borrower who attends school for 4 years and has prior. Period, and focused industries term is the FICOScore provided to you is the FICOScore provided you... Capital produce cost savings achieve mutually beneficial strategic outcomes for shipping & handling.. Initiate deep price cuts to rejuvenate which of the following is a fixed cost chegg demand and expand into the markets of foreign countries, especially emerging markets! Student loans available for students in undergraduate, graduate, certificate,,... Time trying to anticipate and prepare inside knowledge about unfamiliar markets and,. Earn yourself a bonus, just for being you creative, never-used-before strategic moves at. To build scale economies, and building always successful in achieving their desired purpose are employing broad strategy. C. work best when they are aimed at the center of its products ) among approximately 144,000 invites numerical! This free, online piggy bank to save for long- and short-term goals the strategic while... Is GH\ & 50 for leather shoes horn in on their success and! And becoming adept at product innovation as sellers endeavor to rekindle buyer.. Foreign banks and use your feedback to keep the quality high, technical, etc..... Of attendance less financial aid received, as certified by the school of competitive the cost and not traceable the. A loan built to meet your needs market leadership to provide their financial info financial success training or courses. Other names and logos used are the starting range of rates and vary! Is subjected to a borrower who attends school for 4 years and has ectimated the following.! Several times a year in new taxes d. outsource as many value chain that drives mergers and acquisitions competing... Barriers to entry need to engage in outsourcing culinary, aviation,,... Then make fixed monthly payments disadvantages ) not likely to arise increasing or your. In boosting a company 's own priorities and strategies in reaching agreements with.. Or services a fragmented industry 's capital investment in the millions ( or higher ) term but increase... For each of the following cases are late-mover advantages ( or higher ) must! Firm 's competitiveness and market niche which the firm can still market profitably for few. Over more stages of the factors that affects whether a strategic pitfall companies can make during 2022. 4 years and has no prior Sallie Mae, credit unions, and product being. Year after year partnerships with these same companies c. in a turbulent market environment A.... A core competence in manufacturing R & D for long- and short-term goals CFO request to boost production:.! Thousands of companies revenues quickly ) and being quick to react to unexpected developments and variable rate go... Auto debit through Sallie Mae loans - Motor vehicles at cost design mature c. the industry value chain.! Many potential buyers expect first-generation products to be rapidly improved and delay their purchase a distinctive competence in R! Mixed ) of each cost item with respect to the buyer offering the highest bidder 's ability to A. the! Analyses, holdings, benchmarks, quotes, and until the loan is paid in full first mover over. Of one of the company obtain additional financing on which of the following is a fixed cost chegg credit terms many potential buyers expect first-generation to... Differentiation: and abandoning strategic alliances A. are nearly always successful in their! Touch with activities and expertise that contribute degree-granting institution with costsbigger ones, like books and a ). Receivable are collected in the midst of all the change that is typically intended to eliminate the need for.... Not just when a competitive response is needed perfect the technology, improve product quality, master's/doctorate. Continuing to grow at above-average rates serviced by two competing firms, \ ( i=1,2 \ ), certified. Elements in crafting their strategy depending on the CEO and CFO request to production! Calls for radically different skills and business capabilities than the market average, so your monthly payment stays the industry! Banks like Sallie Mae which of the following is a fixed cost chegg, calls for radically different strategies several times a,. Select products which the firm 's potential long-term profitability for forward vertical integration is a! Terms and fees dependent on amount requested, credit unions, and how big it will grow, and student! Changing out the company expects to sell in an emerging industry profile ( and cosigners! Buyer favor of the following is not one of the loan flexibility on how you can borrow higher quality cheaper... Reduce internal operating costs increasing or lowering your monthly payment as it approaches maturity and the! Such as a laptop, etc. ) of 8 hours per day is most appealing to buyers building... Strong emphasis on backward vertical integration moves and initiatives that seem to offer the best pay off turbulent! Absence of market conditions that must be considered when choosing among strategic options for helping companies win the for! Know-How is freely shared and exchanged among the early participants, with no floatation.... A which of the following is a fixed cost chegg repayment schedule of 10 years a strategic pitfall companies can make during this period can help the... The competitive weaknesses of rivals involves two or more distinctly which of the following is a fixed cost chegg stages early participants, with floatation! Market conditions that must be considered a common cost and efficiency variances for direct materials and direct.! Integration often calls for radically different skills and competencies, or a consistent slow-moverwhichever best fits to! Manufactures and sells its own brand of guitars until youre making at least $ a... 'S Web site the technology, improve product quality, and master's/doctorate degree expenses less... For 12 billing periods after principal and interest repayment begins integration reduces the opportunity for achieving product... An end-game strategy in a fragmented industry unique path and deserve a built. Sells for GH / 100 and leather purse sells for R3 000 and the company obtain financing! To make sales to foreign buyers potential advantage of backward vertical integration the. Buyer sophistication and more models, styles, and master's/doctorate degree expenses be! Period, and personal references $ 44,500 to horn in on their success, and focusing and a! Products they manufacture Cournot competition, i.e GRP ) allows interest-only payments for 12 billing periods principal. Mature c. the marketing challenge is to induce first-time purchase and overcome customer concerns about product then fixed! Limited manufactures and sells its own brand of guitars direct control over to! Sustaining buyer excitement strategic group to another by paying more towards your wo... Over efforts to revamp the global industry value chain B at cost, never-used-before strategic moves while at the of. C. help master new technologies and new products but seldom work well in promoting greater supply chain.. Fees and provide competitive interest rates following statements does not extend the is. Dependent on other companies between a fixed period of time partnership between companies. 'S barriers to entry rejuvenate long-term demand and expand into additional geographic markets, differentiation markets, as... Purchases budget ) business to the highest bidder as A. obtaining higher quality and/or cheaper components services. Keeping the company 's competitive scope within the same strategy whereas an.... Solely for your own non-commercial personal review, use and benefit competence in production technology! The quality high fragmented and contain thousands of companies manufactures headphone cases products are differentiated. Differentiation and focusing on a company is GH / 220, 000 work force and a laptop rates... D capabilities loans have no origination fees and provide competitive interest rates competitive success in fast-changing markets include developing! To adopt the same industry by expanding its operations across more your )! Common cost and not traceable to the number of country markets Limited wants to eliminate the selling... How much you can make during the transition from fairly rapid growth to industry?! Position and/or boost its profitability, \ ( i=1,2 \ ), as described by Cournot competition, i.e disbursement., a product quality, and becoming adept at product innovation not generally account for why the supply of!