What is one of the benefits of pursuing a differentiation strategy when it comes to the power of suppliers

Answers

Answer 1

One of the benefits of pursuing a differentiation strategy when it comes to the power of suppliers is that it results in costs that increase above acceptable thresholds.

What is differentiation strategy?

Differentiation strategy are strategies employed by businesses to distinguish their product from competitors. The aim of differentiation strategy is to create brand loyalty among customers.

The advantage of differentiation strategy is that it enabled increase in the perceived value of goods and services so that customers will pay a higher price for additional features.

Hence, product differentiation results in costs that increase above acceptable thresholds.

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Related Questions

Cintas serves Fidelity Investment offices throughout the United States with first aid cabinets that are stocked with bandages, ointments, burn care, and single-dose tablets for pain relief. Fidelity can manage its orders through a personalized company website. The office manager at one Fidelity location logs in to the website and places their usual order. This is an example of a _______.
a. revised buy.
b. modified rebuy
c. new buy.
d. straight rebuy.

Answers

This above scenario is an example of a modified rebuy.

What is a modified buying decision?

The modified rebuy is known to be a term that connote a business buying scenario in which the buyer is known to wants to change product specifications, prices, terms, or suppliers.

It is known as a buying situation where people or organization buys goods that have been purchased before but alters either the supplier or other element.

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What is promotional Mix? And how does it benefit the customers?:​

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Answer:

In marketing, the promotional mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. and it Improves communication with clients.

Explanation:

hope this helps

Answer:

The promotion mix is the blend of different methods and tools of communication you use in presenting your company, products or services to target customers. Effective promotion is a key component of the marketing mix, as it is the element that helps you attract customers, persuade them to buy, and generate loyalty.

A promotion mix is a key method for delivering a relevant promotion message via the most suitable channel for each segment. Improves communication with clients. Companies develop a promotion mix trying to speak their consumers' language. If prepared correctly, it helps build trust between the brand and its customers.

Explanation:

hope this helps i did my research

If a media company wants information on consumers' television viewing habits, it can purchase reports compiled by commercial research firms such as Nielsen. This is an example of ______ data.

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If a media company wants information on consumers' television viewing habits. This is an example of syndicated data.

What is syndicated data?

Syndicated data can be defined as a data that is purchased by customers who has interest in the market from commercial research firm.

This simply means customers or client can have access to the data after being purchase from commercial research firm.

Hence, this market data is not limited to one customer.

Inconclusion If a media company wants information on consumers' television viewing habits. This is an example of syndicated data.

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How is having a security system for your home a risk management strategy?.

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Answer:

because people will be listening in on your convo

True or False: Generally, companies with higher EPS growth rates tend to have higher Price to Earnings ratios. Group of answer choices True False

Answers

Answer:

true

Explanation:

What role do banks play in saving and investing?

Real estate brokers encourage investing in bank property.

Banks offer simple and low-risk savings options.

Major corporations are tied to the strongest banks.

Investors rely on banks for selling shares of corporations.

Answers

The role which banks play in saving and investing is:

Banks offer simple and low-risk savings options.

What is a Bank?

This refers to a financial institution which is responsible for saving and lending of money to individuals and corporations, amongst other financial options.

With this in mind and from the available choices, we can see that the correct answer is that the role which banks play in saving and investing is that they offer simple and low-risk savings options.

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