Small businesses that pursue cost (or focus) strategy often do so by using a location in a
Question:
Small businesses that pursue cost (or focus) strategy often do so by using a location in a very low-rent district, with the store itself made up of used furniture, no decoration, and a very no-frills atmosphere. What is the problem with such an approach? Can you think of other ways to achieve low-cost without encountering similar problems?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
The lowrent nofrills appro...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Deluxe Corporation (Deluxe) is the worlds largest printer of checks as well as a provider of electronic products and services to financial institutions and retail companies. The company serves nearly...
-
1. What is CRM in general? Give examples of different CRM applications. 2. Enumerate and explain the various ways in which the CRM applications discussed here save costs or help in other ways. 3....
-
1. What environmental issues does the New Belgium Brewing Company work to address? How has NBB taken a strategic approach to addressing these issues? Why do you think the company has taken such a...
-
What are the "two main lines" of distortion of the view of Marx and what does Lenin think the proper view?
-
In recent years, due to the effects of the Great Recession of 2007-2009 on the construction industry, a decline in demand for paper products, and increased demand for reduced carbon emissions to...
-
A study polls 40 new mothers who attempt to nurse their infants from birth to 6 weeks. Twenty-seven mothers report nursing with minimal pain and frustration, 10 mothers report nursing with moderate...
-
FR Holding LLC is a company that deals in investments. Barbara Halper, through her company, Halper LLC, was one of three members and managers of FR Holding. FR Holdings operating agreement contained...
-
Hi-Speed Electronics manufactures low-cost, consumer-grade computers. It sells these computers to various electronics retailers to market under store brand names. It manufactures two computers, the...
-
On August 10, 2017, Sophia purchased and placed into service a commercial building (39 years SL) for $3.000,000 (building $2,250,000 and land $750,000). On January 1, 2022, the commercial building...
-
1. In the 1970s and 1980s Palmisano states that IBM was organized as a classic multinational enterprise. What does this mean? Why do you think IBM was organized that way? What were the advantages of...
-
A lot of famous entrepreneurs brag how innovative their product is, when it is fundamentally like the competition, although better in one way or another. How do you classify such entrepreneurs in...
-
Get the industry statistic you need form the government. Go to Census Industry Snapshot page ( www.census.gov/econ/snapshots ) and look up lawn and garden equipment and supplies stores (NAICS 4442 )....
-
From the Data Bank, select a random sample of at least 30 individuals, and test one or more of the following hypotheses by using the z test. Use = 0.05. a. For serum cholesterol, H 0 : = 220...
-
How wouldyou use employee surveys to support your retention strategy for this job? Employee surveys can give great insights about what employees think, feel, want,and need.Are there any specific...
-
XYZ Company produces two fishing boats: Clipper and Sportsman. The company does not have detailed information on the cost incurred to manufacture both products. Recently, the company has incurred...
-
Choose a state or local public administration organization that receives public funding, such as public health services, social services, education, or public transportation. You will use this same...
-
Compare your list with your classmates' lists and discuss the following questions: What are the top five dispositions that an effective educator should have? Which of the dispositions do you feel are...
-
What evidence of organizational culture can you find at GMU? GEORGE MASON UNIVERSITY PLEASE RESEARCH ABOUT THIS COLLEGE Artifacts (observable manifestations of culture). This can include jargon,...
-
Counting Crows Ltd. provided the following information for the year 2019. Retained earnings, January 1, 2015.......................................................... 600,000 Administrative...
-
Determine the annual percentage yield for a loan that charges a monthly interest rate of 1.5% and compounds the interest monthly.
-
Why do you think that thieves target heavy construction machinery?
-
1. What do you think are the two greatest risks facing Richard Harriss business? Why? 2. What actions can Richard take now to manage the risks you mentioned above? 3. From this experience, what...
-
The case mentions two kinds of risks faced by chimney sweeps. Name some others.
-
The fact that restrictive covenants are widely used does not mean, as NanoMech, Inc. v. Suresh shows, that they are always enforceable. NanoMech, Inc. v. Suresh 777 F.3d 1020 (8th Cir. 2015) OPINION...
-
What are the fundamental distinctions between prokaryotic organisms and their eukaryotic counterparts, particularly concerning cellular structure and organizational complexity?
-
What are the structural and biochemical features of prokaryotic cell membranes and cell walls, and how do these components contribute to cellular integrity, homeostasis, and environmental...
Study smarter with the SolutionInn App