The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7. StoreAll Inc. manufactures the same product for $3 per bottle and sells it for $7 per bottle.
Which of the following statements is most likely true of StoreAll Inc. in this scenario?
A. It has a competitive advantage in the industry. B. It has a competitive disadvantage in the industry. C. It has competitive parity with other firms in the industry. D. It has formed a strategic alliance with other firms in the industry.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The average cost of production for a bottle of vitamin water in the industry is $4 while its average price is $7. StoreAll Inc. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Exercise 7-6 presented below is information from metlock computers incorporated. july 1 sold $26,200 of computers to robertson company with terms 3/15, n/60. metlock uses the gross method to record cash discounts.
Answers (1)
BJ Company's net working capital and all of its expenses vary directly with sales. The firm is currently operating at 86 percent of capacity. The firm wants no additional external financing of any kind.
Answers (1)
Despite the importance of services and the bottom-line profit potential for services, consumers perceive that overall the quality of service they are receiving is declining. A. TRUEB. FALSE
Answers (1)
Define and give an example of a public good. can the private market provide this good on its own? explain
Answers (1)
In general, the better candidates for shortening are: Early tasks opposed to later tasks. Later tasks opposed to early tasks. Burst tasks opposed to merge tasks. Merge tasks opposed to burst tasks.
Answers (1)
New Questions in Business
Mention two factors that influence the supply of the product
Answers (1)
What is a mortgage? aa type of rent used to pay for housing ba type of loan used to buy property ca measure of the value of a home da measure of your credit rating?
Answers (1)
Economists generally support a. trade restrictions. b. government management of trade. c. free international trade. d. export subsidies.
Answers (1)
jermey owns his own business and has excellent management skills. he is very detail oriented, organized, knows how to follow a schedule and delegates tasks well
Answers (1)
All business transactions can be stated in terms of a. changes in cash. b. changes in owner's equity. c. changes in the elements of the accounting equation. d. None of these choices are correct.
Answers (1)