is very elastic if the degree of product differentiation is : A. Very low: B. Very high: C. Zero: D. Moderate: Answer» b. Very high: Report. Report this MCQ ×. Email Report status will be sent to your email. Type * Remark (Options with * are Compulsory) Report Close. View more in » Micro economics 2 solved mcqs. Related questions. The demand faced by a monopolistically competitive firm is ...
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· There are very few products that have no clear competition in the market. Most often, there are identical products with almost the same features. In this situation, differentiation becomes of the utmost importance for the success of any product. The company needs not only to identify an USP, but also to clearly communie this to the potential audience so that it is understood why the product ...
· Look for industries and products where your current abilities and knowledge would be a differential. For example, if you have worked as a recruiter, the B2B side of a product like Landing Jobs or Moberries would be ideal for you. The other important thing to know is what kind of team would benefit from having you as a product manager. There are ...
· This makes it vital for fast food industry players to work on their speed and convenience. Restaurants lacking in fast customer service won't be preferred by .
Industry rivalry—or rivalry among existing firms—is one of Porter's five forces ... Some types of competition (for example, price competition) are very unstable and negatively influence industry profitability. Other tactics (for example, advertising battles) may positively influence the industry, as they increase demand or enhance product differentiation. Structural factors affecting ...
A single farmer's contribution to the total production of carrots is a very small portion of the total. He could double his production; or produce some other crop with no large effect on the total market supply, and, therefore, the price of carrots. In contrast, Maruti Udyog's car output is a significant part of total car production in India. The company does have the power to influence ...
· To ensure that any industry to thrive, it must have a productive chief and group. Then again, productiveness method much more than just protecting busy. Every
· Businesses looking to build a broad or focused differentiation strategy will need to produce or design extremely unique or distinctive products or services that create increased value for the consumer. There are several ways an organization can create a differentiationbased competitive advantage for a single product or the company as a whole. Here are some steps to create a differentiation ...
· In this module, we learned about Occupational Safety and Health Administration (OSHA). Safety is a vital role in the aviation industry without it there would not be anyone who would want to fly or travel in airplanes at all. Over time, the Aviation industry became the safest but still a highrisk occupation. Of course, how it [.]
The average production life of a crushed stone quarry is 40 to 50 years or more. Sand and gravel deposits are typically worked out in much shorter time. JOBS/ECONOMY. The aggregates industry in North Carolina employs just over 3,000 people. The average number of employees at an aggregate production site is about 20.
· With its corporate strategic positioning to lead in the coffeehouse chain industry, Starbucks maintains its use of a generic strategy that involves specialty of products, and intensive growth strategies that emphasize current and new products in the company's current markets. Starbucks Coffee's Generic Strategy (Porter's Model) Starbucks Coffee uses the broad differentiation .
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· Differentiation based price based marketing strategy a business that opts for the price route in its competitive battle will enjoy certain flexibilities in matter of its product and use prices as main competitive level . it will price its product to suit the varying competitive demands . it will be enjoying certain inherent cost advantages, which permits it to resort a price based fight . the ...
Rivalry will be more intense if there are lots of small or equally sized competitors; rivalry will be less if an industry has a clear market leader. The structure of industry costs. Industries with high fixed costs encourage competitors to manufacture at full capacity by cutting prices if needed. Degree of product differentiation. Industries where products are commodities ( steel, coal ...
Answer to: Timing, loion, distribution channels, and service and support are all very similar bases of product differentiation and can act as...
· Product differentiation can be high ranging from budget hotels to deluxe hotels. Hotel operators wish to exploit to establish customer loyalty, image and differentiation. Fixed costs are high in the industry and consequently high room occupancy rates are critical. Competition would, therefore, be very fierce in a situation of oversupply of hotel rooms. Capacity is augmented in large increments ...