Explain a company's use of a best-cost strategy - what is its purpose or intent? How does a best-cost strategy differ from a low-cost strategy?
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- Explain a company's use of a best-cost strategy - what is its purpose or intent?
- How does a best-cost strategy differ from a low-cost strategy?
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- When does a firm have a competitive advantage over its rivals?How do the five competitive forces in Porter’s five forces model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industry in which many of the competitors seem to be having financial performance problems. Which of the five forces seem to be strongest?what is the best strategy to maximize profits?
- Identify the six forces that shape competition in an industry. Describe how changes in the strength of these forces affect prices, profitability, and under which circumstances each can be considered a threat or opportunity. Why is a competitive analysis using the competitive forces framework a benefit to industry?Consider how contemporary business environments can be supported by a strategic focus on cost management, business analytics, and total quality management to enhance decision-making. Discuss how one of these alternative costing methods supports a company's ongoing competitive advantage in a business. Explain your rationale.What does it mean for a firm to have a competitive advantage? What gives a firm a competitive advantage?
- How does the understanding of the dynamic relationships between value, pricing demand. and costs affect a manager's decisions regarding profitability and maximizing competitive advantage?Which is the most important for company's competitive advantage: internal consistency or market competitiveness?There are some corporate strategists who have suggested that firms focus on maximizing market share rather than market prices. When might this strategy work, and when might it fail?
- 1) what is meaning of STUCK IN THE MIDDLE STRATEGY of a company? 2) when should a company employ a STUCK IN THE MIDDLE STRATEGY? 3) Discuss when a company should not employ a STUCK IN THE MIDDLE STRATEGYWhat is Strategic Cost Management and how is it linked to strategies and competitive advantage?how does a company maintain competitive advantage?