Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Competitive Advantage(building materials company)?
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- Question 8. When looking at the entire industry, the main areas in a company's overall value chain where important differences between firm's cost and those of competitors do not occur are in a. restoring cost parity of deficiencies b. the suppliers industry value chain c. the forward channel portion of the industry chain d. a company's own internal activities e. None of thesearrow_forwardNonearrow_forwardTopic: Internal Versus External Evaluation 1. What evaluation analysis results would cause you to look for new vendors?arrow_forward
- Firms that indulge in price fixing: Question 46 options: a) charge different prices to different customers. b) undercut the price quoted by a seller to a buyer. c) decide how much to charge for a product. d) do not sell to two or more different buyers.arrow_forward2. What is competitive advantage? Question 2 options: Taking advantage of economies of scale. Research and development to improvise the product/service. Offering your customers more value than your competitors. Data driven insightsarrow_forwardCompany: Accor Hotel Analysis of the firm Use an appropriate technique to evaluate the firm’s key capabilities and competitive resources identify any resources or capabilities which might be the basis of competitive advantage list-making and assertions are not appropriate; this section should show an ability to apply a suitable technique of analysis Recent firm performance should cover the past four to five years financial performance could include profitability, productivity or efficiency ratios (as appropriate for your firm) identify trends and explain anomalies (can you link them to other sections of the report?) contextualise firm financial performance (compare to industry average or key competitors) marketing performance could include an evaluation of the brand(s) and other marketing metrics available, such as customer loyalty/customer churn rate, return on advertising spend, customer acquisition costs, average lifetime value of customer, amongst others base marketing and…arrow_forward
- Question 4 a) A car manufacturer sources both office supplies for the manufacturing facility and automotive subsystems such as seats. Using the portfolio analysis, evaluate the sourcing strategy you would recommend for the procurement of each of these items.arrow_forwardCorporations are small percentage: however they earn the most revenue among U.S. busnessesarrow_forwardIf a company’s competitive advantage is based on reliability and exceptional service, what type of competitive advantage is this? Question 5 options: a) Product/services differentiation competitive advantage b) Cost competitive advantage c) Niche competitive advantage d) Situational competitive advantagearrow_forward
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