Niche differentiation Study guides, Class notes & Summaries

Business Strategy the firm's working plan for achieving its vision, prioritizing objectives, competing successfully and optimizing financial performance with its business model Generic Strategies one is based on achieving lower costs than rivals, a second is based on differentiation from the competition and another is appealing to a narrow market segment within an industry. these can also be combined with each other Low Cost Provider Strategy striving to achieve broad lower ove...

Business Strategy - ANSWER the firm's working plan for achieving its vision, prioritizing objectives, competing successfully and optimizing financial performance with its business model Generic Strategies - ANSWER one is based on achieving lower costs than rivals, a second is based on differentiation from the competition and another is appealing to a narrow market segment within an industry. these can also be combined with each other Low Cost Provider Strategy - ANSWER striving to achieve...

WGU C236 COMPENSATION AND BENEFITS QUESTIONS AND CORRECT ANSWERS 2024/2025 GRADED A+. 2 / 5 1. Business Strategy: The collection of decision, approaches, and activities thatallow an organization to complete and win. 2. CostLeadership Strategy: Focusing business priories on providing a lower-costproduct or service. 3. Differentiation Strategy: Providing innovative, exceptional, and high qualityproducts and/or services to customers. 4. Niche-Focused Strategy: Targeting business prioritie...

ADMN 400 Final UNH Exam Questions With 100% Correct Answers Marketing Matrix - answerproduct, placing, pricing, and promotion Value - answerBenefit/Cost Utility - answerability of a product to meet someones wants or needs Types of Utility - answerform, place, time, possession Consumer Goods - answertangible products purchased by customers for personal use industrial goods - answerProducts used in the production of other products. Sometimes called business goods or B2B goods. Services - ...

BSG Exam 2 Questions and Answers(RATED A) BSG Exam 2 Questions and Answers(RATED A) BSG Exam 2 Questions and Answers(RATED A) Business Strategy - ANSWER the firm's working plan for achieving its vision, prioritizing objectives, competing successfully and optimizing financial performance with its business model Generic Strategies - ANSWER one is based on achieving lower costs than rivals, a second is based on differentiation from the competition and another is appealing to a narrow mar...

Dynamic Pricing - Answer-Adjusting prices continually to meet the characteristics and needs of individuals and situations; setting prices for a good/service based on the demand for it at the moment based on the availability of supply Uber's Surge Pricing - Answer-Higher demand causes a price multiplier to kick in, increasing rates up to 8x the original price. Model: Increase supply, decrease demand Target Costing - Answer-Reverse engineer a product based on demand at a certain price point ...

What is the blue ocean strategy correct answers go where the profits and growth are and where the competition isn't Technology and Globation correct answers -info on products and prices will be immediately available -meaning accelerated commoditization (when brands become more similar, people buy on price) -Therefore, niche markets and monopolies quickly dissapear Products and services introduced recently correct answers -Iphone in 2007 (1 billion units have been sold) -Ipad in 2008 (4...

GEB 4890 - Exam 2 Latest Already Passed business strategy A leadership plan that achieves a specific set of goals or objectives generic strategies fundamental philosophical options for the design of strategies low cost provider strategy striving to achieve lower overall costs than rivals on comparable products that attract a broad spectrum of buyers broad differentiation strategy seeking to differentiate the company's product or service from rivals' in ways that will appeal to ...

GEB 4890 Exam One Study Guide Questions And Answers (Verified And Updated) Strategy - answerthe coordinated set of actions that its managers take in order to outperform the company's competitors and achieve superior profitability -Objective of a well-crafted strategy is not merely temporary competitive success and profits in the short run, but rather the sort of lasting success that can support growth and secure the company's future over the long term -Strategy, at its essence, is about...

Change Agent correct answer: an expert in diagnosing and changing organizations by applying behavioral science knowledge Critical Evaluation correct answer: Interpreting data/metrics to determine ROI and org impact in making business decisions Mission Statement correct answer: Explains why an organization exists, how it contributes to society, and which values guide its actions Imperfect Competition correct answer: Environment with few or no competitors, numerous suppliers and buyer...