Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

A manufacturer of electric stand mixers wants to better compete in this highly competitive market. It decides to offer its mixer in over 50 different

A manufacturer of electric stand mixers wants to better compete in this highly competitive market. It decides to offer its mixer in over 50 different colors so customers will be able to match the appliance to their kitchen dcor. What type of value creation strategy does this represent?

Multiple Choice

low cost

standardization

localization

differentiation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

Students also viewed these Economics questions

Question

★★★★★

Dundee Company started business on January 1 of the current year. The company made total sales of $900,000 during the year, of which $150,000 were cash sales. By the end of the year, Dundee had...

Answered: 1 week ago

Question

★★★★★

Assess impact. How are success and value measured?

Answered: 1 week ago

Question

★★★★★

The use of work technologies tends to evolve over time and sometimes the characteristics of usage patterns are difficult to predict. Many theories of work technology (e.g. STST) still assume a static...

Answered: 1 week ago

Question

★★★★★

The following information is available for Sassafras Company. Instructions (a) Compute cost of goods manufactured. (b) Prepare an income statement through gross profit. (c) Show the presentation of...

Answered: 1 week ago

Question

★★★★★

answer. the two pictures belong to the same question PROCESS COSTING P UNITS COMPLETED IN MAY UNITS ENDNG INVENTORY IN wip 100,000 20,000 80% COMP NATL 20% COMP CONVERSION MATERIAL COSTS INCURRED...

Answered: 1 week ago

Question

★★★★★

A biologist is testing a large number of 5ml samples of sea water to estimate the occurrence of a particular micro-organism. She finds that 62% of the samples have at least one micro-organism...

Answered: 1 week ago

Question

★★★★★

At the end of Year o Jarrett Corp. developed the following forecasts of net income: Forecasted Year Net Income Year 1 $20,856 Year 2 $22,733 Year 3 $24,552 Year 4 $27,252 Year 5 $29,978 Management...

Answered: 1 week ago

Question

★★★★★

write a Business Memo The cafeteria at the college is a private company and is raising the price of the food. As a cafeteria manager, you must tell all your employees in your organization, the...

Answered: 1 week ago

Question

★★★★★

What measure have been undertaken by hospitals to control the costs of pharmaceuticals given the freedom physicians have to prescribe with no accountability for costs? Thoroughly defend your answer.

Answered: 1 week ago

Question

★★★★★

Assume the beach along the coast of Alaska has a slope of 1/250 and that the swell has the mean direction of propagation of 27 degrees, what is the alongshore flow rate? Would the flow rate change...

Answered: 1 week ago

Question

★★★★★

Describe how the distribution strategy creates value for the target. Compare the distribution strategy to competitors

Answered: 1 week ago

Question

★★★★★

Discuss the problems associated with accounting standard setting. Explain how regulation by accounting standards differs from other forms of accounting regulation.

Answered: 1 week ago

Previous Question Next Question