18. Identify a true statement about the role of quality in gaining a competitive

Question

18. Identify a true statement about the role of quality in gaining a competitive advantage. a. Producers of low-quality goods are able to still charge higher prices, even in crowded and over competitive markets or market niches b. A strategy of qualiry improvement is usually acconupanied by increased short-run profitability e. Producers of high-quality goods usually charge low prices. d. Quality is unrelated e. Businesses offering premium-quality goods usually have large market shares. 19. According to your textbook, which of the following would nor constitute an clement of operations infirastructure? to returm on investment for most kinds of market situations. a. Market segmentation b. Workforce c. Quality control d. Leaming and innovation systems is a patern that integrates an organization's major goals, policies, and action sequences into a cohesive whole a. Coapetitive advantage b. Core competency d. Vision stateiment e. Strategy 21. Which of the following is a difference between firms that have bigh scalability and firms that have low scalability? a. Finms with high scalabálity serve additional customers at extremely low incremental costs, whereas finms with low scalability serve additional customers at high incremental variable costs b. Finas with high scalabdlity incur extremely low fixed sosts. whereas firms with low scalability ineur extremely high fixed costs. c. Finas with high scalability have variable costs as 80 to 85 percent of total costs whereas firms with low scalability have variable costs as zero to five percent of sotal d. Firms with high secalability have a low contribution margin, whereas fius with lon scalability have a high contribation margin. e. All are possible although b and e are smore likely in this scenario.

Explanation / Answer

Answer No. 18

Businesses offering premium quality goods usually have large market shares and were early entrants into their markets

Explanation - Businesses those were offering a premium quality goods usually are the earlier entrants of the specific market sector and have a very stable business as well as brand image in the society to maintain the profits while offering a premium good.

Answer No. 19

Market Segmentation.

Explanation- Marketing segmentation is not a part of companies operational structure but its divided into segments to provide services accordingly.

Answer No. 20

Strategy

Explanation-All the factors which are required for an organisation overall structure as well as success. This specific factors are organised into a sequential pattern which provide support to the overall structure of the organisation.

Answer No. 21

.Firms with high scalability serve additional customers at extremely low incremental costs, whereas firms with low scalability serve additional customers at high incremental variable costs.

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