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A strategic clock can be used to consider different business strategies for gaining competitive advantage, based on providing a combination of price and perceived benefits. Porter has suggested three strategies for sustaining competitive advantage over rival firms and their products or services. They are a cost leadership strategy, a differentiation strategy, and a focus strategy.
Required:
Apply and appraise how effective the suggested three strategies for sustaining competitive advantage over rival firms would be useful to Prestige. (10 marks)
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The AXM manufacturing company has determined that the cost function for producing a particular type of pavement block is given by:
Where x is measured in number of units and in GH¢.
Required:
i) Calculate the derivative of with respect to .
(5 marks)
ii) Determine how quickly the cost is changing at x=1000
(4 marks)
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Renes Trading Company sells qq kente strips per month at pp Ghana Cedis per kente strip. The demand function for kente strips is given by p=300−0.02qp = 300 – 0.02q. The kente strips cost GH¢30 per strip to manufacture. There are fixed costs of GH¢9,000 per month.
Required:
(i) Determine the price per kente strip that will maximize revenue. (4 marks)
(ii) Determine the quantity where profit is maximized. (4 marks)
(iii) Calculate the maximum profit. (2 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
A strategic clock can be used to consider different business strategies for gaining competitive advantage, based on providing a combination of price and perceived benefits. Porter has suggested three strategies for sustaining competitive advantage over rival firms and their products or services. They are a cost leadership strategy, a differentiation strategy, and a focus strategy.
Required:
Apply and appraise how effective the suggested three strategies for sustaining competitive advantage over rival firms would be useful to Prestige. (10 marks)
Find Related Questions by Tags, levels, etc.
The AXM manufacturing company has determined that the cost function for producing a particular type of pavement block is given by:
Where x is measured in number of units and in GH¢.
Required:
i) Calculate the derivative of with respect to .
(5 marks)
ii) Determine how quickly the cost is changing at x=1000
(4 marks)
Find Related Questions by Tags, levels, etc.
Renes Trading Company sells qq kente strips per month at pp Ghana Cedis per kente strip. The demand function for kente strips is given by p=300−0.02qp = 300 – 0.02q. The kente strips cost GH¢30 per strip to manufacture. There are fixed costs of GH¢9,000 per month.
Required:
(i) Determine the price per kente strip that will maximize revenue. (4 marks)
(ii) Determine the quantity where profit is maximized. (4 marks)
(iii) Calculate the maximum profit. (2 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
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, then the point at which the slope is zero is: