It is said that competition is not valued for its own sake but because it produces efficient market outcomes. However, conduct is tested against its impact on competition rather than its impact on efficiency. Carefully explain this apparent inconsistency. Use examples to illustrate your response.

Q: Track your own consumer purchasing decisions as they relateto your income. Compare your decisions…

A: During college year, students have multiple subjects to study and they have the credit they need to…

Q: The business risk of the company is heavily influenced by factors such as financial characteristics…

A: Business is filled with risk and uncertainty. It can't be move without risk.

Q: a source of a fırm's competitive advantage comes from a. Activities through which the firm explores…

A: The management will take care about the activities performed by the business. The management will…

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A: The business environment is becoming more competitive, and the business needs to compete with each…

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A: A decision-making technique called cost-benefit analysis enables one to weigh the expenses and…

Q: True or False? The competitive intelligence system of a firm supplies key information to relevant…

A: A competitive Intelligence System can be defined as a system which collects relevant information…

Q: In the business world, how do consumers provide value to a product or service?

A: We can say that where I think a business, it’s your job to come up with creative ways to demonstrate…

Q: Discuss with examples from the financial service sector the marketing process and how each process…

A: Marketing and finance is being considered as two sides of the same coin. Without finance, marketing…

Q: Indra Nooyi, the former CEO of PepsiCo describes how she led an effort to the company being a…

A: The CEO is also known as the chief executive officer or chief administration who manages the various…

Q: what is the purpose of a compliance audit? How does compliance audit influence policy decisions?

A: Compliance Audit By evaluating compliance procedure, security policies, user access control, risk…

Q: Can you spot bias or illogical or unethical arguments on the following post? Explain your response…

A: 2. Using Qualitative or Quantitative Data:Qualitative Data: This involves gathering and interpreting…

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A: The environment, internal information, and external information help consumers evaluate and compare…

Q: Is sustainability information important to investors? Why or why not? Yes, because investors…

A: In business, sustainability refers to a company's plan for reducing the negative environmental…

Q: Sustainable development has been described by the United Nations as: Select one: a. The use of…

A: In general, sustainable development can be defined as the improvement of development that is made to…

Q: Discuss the concept of a "circular economy" in the context of business models. How can businesses…

A: In today's fast-paced world, the traditional linear economic model of "take-make-dispose" has led to…

Q: convenience store business what are the inputs, outputs, and related business to business. Give 3…

A: the convenience business is the business in market which provide the products or avail the products…

Q: Is there a conflict between maximizing shareholder wealth and never paying bribes when doing…

A: There is no conflict between maximizing shareholder wealth and never paying bribes while doing…

Q: In Virginia, government agencies that address market failures include the Attorney General, the…

A: Market failure is basically a situation in which demand does not meet the supply and hence there is…

Q: Most organisations develop strategies to ensure sustainable business growth. This can arise from a…

A: When it comes to sustaining business expansion, organizational strategies are crucial. To take…

Q: The macroenvironment consists of the factors close to the company that affect its ability to serve…

A: The macroenvironment consists of the factors close to the company that affect its ability to serve…

Q: How can an organization effectively assess and enhance its strategic capability to gain a…

A: Organizations must effectively assess and enhance their strategic capability to gain a competitive…

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A: Organizations need to relinquish old suspicions, propensities and practices that are not lined up…

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Q: What is the difference between government regulation and self regulation?

A: Regulations give employees peace of mind that their employer's practices will be fair and that…

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A: Price is the monetary value set by the company on the product and services. Customer will pay this…

Q: The problem faced by Toyota Corolla Cross is the potential consumer fear on hybrid car. Please give…

A: A hybrid vehicle is one that uses two different forms of fuel and energy to attain a single purpose…

Q: The presumption of Marketing concept is that Select one: O a. consumers will favour those products…

A: Marketing is the tool used by business operations to communicate their output to end-users, which…

Q: Should a business stick to its competitive strategy all throughout its life cycle?

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Q: Discuss the Five forces Model of competition put forth by Michael Porter. Also discuss why a company…

A: Competition Competition in business terms can be defined as the entirety of similar products and…

Q: A competitive strategy identifies how to build and strengthen the business’s long-term competitive…

A: A competitive strategy defines how to build and strengthen the buisness long term competitive…

Q: A profitable company will make it a point to determine how its competitors are doing business and…

A: The term benchmarking can be referred to as the setting of organizational standards in accordance…

Q: Add more to this paragraph

A: In addition to the points mentioned, it is important to note that Amazon's overall impact on the…

Q: How can a company use competitive intelligence to gain a competitive advantage?    By targeting its…

A: Competitive intelligence is the process of collecting and analyzing information about your…

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A: A Market can be described as a place where free trade of products takes place. It can be referred to…

Q: Select a domestic or international business that has a "low cost" value proposition to its customers…

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A: New Product Development refers to a process which includes activities related to developing a new…

Q: These are the variables that we are going to study on sustainable fashion industry. We are assigned…

A: Variable - A variable is an event, a concept, a value, or another piece or class that a professional…

Q: Select a domestic or international business that has a "low cost" value proposition to its customers…

A: For this explanation, we have selected the international business 'Walmart.' Walmart is an American…

Q: In an analyzation of the auto industry in the US using Porter's Five Forces (including the level of…

A: Introduction: Porter five- forces model: A strategic model devised by Michael Porter is most widely…

Q: What occurs when a company seeks to match what a competitor is doing while maintaining its existing…

A: a company seeks to match what a competitor is doing while maintaining its existing competitive…

Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.