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Which of the following is a cause for erosion of a small firm's focus strategy?
Wiki User
∙ 12y ago
Answer
The answer is between one of the following....
Consumer demand grows
New firms reconstruct the industry
Differences between segments grow larger
The focus strategy is imitated
Wiki User
∙ 12y ago
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In which of the following market structures do firms produce the welfare-maximizing level of output?
Perfect competition!
Why does the firm use diversification strategy?
Diversification allows for firms to move away from relying on single brand/service lines. It also allows for them to survive by adapting to changing markets and demographics.
Why the government influence the growth of firms?
Governments seek to influence business to ensure that they are following regulations. If they are not, the government may fine them.
Why it is important for the managers to understand macroeconomics?
Business managers need to know about macroeconomics because firms operate in and are influenced by the behavior of the overall economy. Factors such as interest rates, employment, inflation, money supply, etc., affect the business environment and financial conditions in general, so firms must address macroeconomic issues in their planning and management strategy. Macroeconomic forecasts and strategies are more important for large firms than for small businesses.
What motivations typically cause firms to initiate a facilities location or relocation project?
• Positive reasons - Firms want to move closer to markets or sources of supply. - Cost reduction - A company needs an educated work force. (-> move near a major university) • Negative reasons - Firms relocate to avoid costly regulation or unionization.
What competitive environmental forces influence the firms strategy?
The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
What are some good IT consulting firms in London?
There are many good IT consulting firms located in London, England. Firms such as Bain and Company, Oliver Wyman, OC and C Strategy, and Candesic are all good IT Consulting Firms in London.
Which of the following statements is NOT true about information technology's impacts on business firms?
elps firms expand in size
Using contract manufacturing as a strategy to reach global markets offers firms the advantage of?
Reducing Risks
Who should use a concentrated marketing strategy?
The concentrated strategy, which aims to serve a large share of one or a very few markets, is best suited for firms with limited resources
What is a price-skimming strategy?
With a price-skimming strategy, the price is initially set high, allowing firms to generate maximum profits from customers willing to pay the high price
What is the strategy of Ford motor company?
The stratergies of Ford is to: Cover costs Make Profit Compete with other firms
Do firms need a marketing strategy?
yes - unless they have a monopoly of a scarce and popular product- as do other organisations, entrepreneurs etc
What exemplifies an intangible durable strategy used by firms to prevent competition?
Using brand name or trademark as a reflection of product quality
Why would a differentiated marketing strategy be used?
With a differentiated marketing strategy, firms create more total sales because of broader appeal across market segments and stronger position within each segment
What has the author NICOLAI J FOSS written?
NICOLAI J. FOSS has written: 'STRATEGY, ECONOMIC ORGANIZATION, AND THE KNOWLEDGE ECONOMY: THE COORDINATION OF FIRMS AND RESOURCES'
In which of the following market structures do firms produce the welfare-maximizing level of output?
Perfect competition!
