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Differentiation, business and finance homework help
Subject
Business Finance
Question Description
Please see attached to help answer the following questions:
Which description best fits Andrews? For clarity:
- A differentiator competes through good designs, high awareness, and easy accessibility.
- A cost leader competes on price by reducing costs and passing the savings to customers.
- A broad player competes in all parts of the market.
- A niche player competes in selected parts of the market.
Which of these four statements best describes your company's current strategy?
Select: 1
Andrews is a broad differentiator
Andrews is a niche differentiator
Andrews is a niche cost leader
Andrews is a broad cost leader
n order to sell a product at a profit the product must be priced higher than the total of what it costs you to build the unit, plus period expenses, and plus overhead.
At the end of last year the broad cost leader Chester had an Elite product Coat. Use the Inquirer's Production Analysis to find Coat's production cost, (labor+materials). Exclude possible inventory carrying costs. Assume period expenses and overhead total 1/2 of their production cost. What is the minimum price
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