A small manufacturer of office equipment faces new competition from foreign firms. In response, the company is MOST LIKELY to do which of the following? A buy the foreign companies B improve the quality of its product C impose a tariff on the foreign products D raise the price of its product

Answers

Answer 1

Answer:

B. improve the quality of its product

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

In this scenario, a small manufacturer of office equipment faces new competition from foreign firms. Thus, the company is most likely to respond to this competition by improving the quality of its product so as to increase value proposition.

In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.


Related Questions

5-Why is the story of Troy important for the History of the professionalization of
Archeology?

Answers

Answer:

because The war stirred the imagination of the ancient Greeks more than any other event in their history and was celebrated in the Iliad and the Odyssey of Homer, as well as a number of other early works now lost, and frequently provided material for the great dramatists of the Classical Age.

what are the ways to develop a habit and to get rid of a bad habit.

Answers

You can develop a habit over the course of a few weeks or even a few days. By doing the same thing and not being aware of it, your brain starts to think that this is a normal and ok thing to do. So you do it. The more you do it, the more “ok” it will be in your mind. For example, picking you nose. A disgusting habit of a lot of younger kids and some older people as well even. They do it, and start to think it’s ok. Even if they know it’s bad after it being created a habit, they can still catch themselves off guard and actually end up doing it anyways. I myself thankfully don’t suffer from this, but I still do have my bad habits as well. To get rid of this, you can ask for others help in keeping you accountable or constantly keep yourself on guard; knowing what you’re doing. Friends and family are also a great way of getting help. Instead, you can do something else as a substitute.

Hope this helped!

Which type of economy is associated with Adam Smith's belief that people pursuing their own self-interests will create a better society?

A
feudalist

B
communist

C
socialist

D
free market

Answers

Answer:

Id think free market

Explanation:

Adam Smith s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an invisible hand .

What is the temperature of the middle most layer of the suns atmosphere ?

Answers

The temperature of the Sun's middle most layer is 6,000 degrees Celsius to 20,000 degrees Celsius.

Answer:

B. It’s temperature is 6,000 degrees celsius to 20,000 degrees celsius.  

Explanation:

Eng 2021

Your savings account pays 7 percent per year. Each 5100 in the bank grows to $107 over a one-year period. If prices increase by 5 percent per year, by keeping $100 in the bank for a year you actually gain

Answers

Answer:

below

Explanation:

List of fun questions to ask
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What's the closest thing to real magic? ...
Who is the messiest person you know? ...
What will finally break the internet? ...
What's the most useless talent you have? ...
What would be on the gag reel of your life? ...
Where is the worst smelling place you've been?

Answers

Answer:

Nice lol

Explanation:

Answer:

Nice one lol :-)

Byeee , have a nice day!

write something that happens in the past and how

Answers

Answer:

Anything that is in the past like you wrote this question in the past, and just like history had happened in the past.

Read this claim from a newspaper editorial.

Young African American, Hispanic, or American Indian men and women have much higher unemployment rates than whites. Regardless of anti-discrimination laws, it is evident that employers haven’t gotten the message. The statistics clearly show that people making the hiring decisions have not begun to shed their stereotypes and prejudices.
Evaluate the claim in the editorial, using information from the Survey of Young Workers as described in the text.

Answers

Answer and Explanation:

The editorial presents how racial minorities, even though they are part of American society and essential for the maintenance of the economy and the national workforce, are undervalued in the act of looking for a job, being evaluated through prejudiced concepts of their races and not being evaluated according to the abilities they possess. This causes African Americans, Hispanics or American Indians to have a high unemployment rate. This problem exists because of the archaic thinking of many employers, which end up causing a great negative impact on society. This is because the high unemployment rate makes the communities that shelter these racial minorities to have a higher level of poverty, criminality, illegality, lack of structure and other very negative elements. These racial minorities are blamed for these problems, but the real culprits are prejudiced and racist employers and the State that does not take action to prevent this type of thing from happening.

what are the locations where a driver should not pass on a two lane two way roadway

Answers

Explanation:

Two lane roads may have "no passing zones" mark by solid yellow line.

#Carryonlearning

Mark Brainliest please

Answer :

Check the image for the answer

Describe one potential disadvantage of hydroelectric power plants

Answers

Answer:

There are actually quite a few:

Explanation:

It might ruin a species habitat, creating a modified version of its habitat. It also might change the current's speed of the river, which can create many other issues regarding the environment. Hopefully, that helps!

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