Complete question:
A firm that struggles in the market due to lacking valuable competitive resources that its competitors possess
A. ought to think about selling off assets and investing in promising new sectors.
B. could potentially cultivate substitute resources that achieve the same goals as the competitive assets owned by rivals.
C. can still leverage competitive strength in the market by featuring products or services that niche buyers desire.
D. is essentially restricted from offensive tactics and has to depend on defensive measures.
E. should eliminate strategy components that have caused its market disadvantages.
Answer:
Could potentially cultivate substitute resources that achieve the same goals as the competitive assets owned by rivals.
Explanation:
The marketplace is undergoing shifts. Altering the product mix is often reasonable. Adjusting your product marketing strategy is a proactive step forward in a dynamic market, engaging both consumers and employees. However, introducing new products can be risky, diverting focus from tried and true market practices.
Substituting products can offer clients a variety of options tailored to their needs. Conversely, companies may incur increased costs when innovating and marketing their best products.
The company should opt for system A, as it boasts a six-year lifespan and lower annual operating expenses.
Rationale:
- Despite system A's price of $438,000, it is of good quality and lasts for six years. Thus, its quality is quite sufficient. It incurs an $83,000 tax operating cost annually.
- Conversely, system B has a lower cost of $369,000, but its $92,000 tax operating cost per year is higher than that of system A.
- System A outlasts system B, making it the preferable choice for the firm.
D. graphic designer, as she has the skills to design documents and compile them.
Answer:
X | 100000 -250
P(X) | 0.0015 0.9985
And substituting in gives us:
Explanation:
This scenario defines the random variable X as Mike's wife's profit on the specific one-year life insurance policy.
Given that the company charges $250 for a one-year $100,000 life insurance policy, and knowing the probability of Mike living for a year is 0.9985, we find the chance he will not live for the year as 1 - 0.9985 = 0.0015.
Thus, the probability distribution is represented as follows:
X | 100000 -250
P(X) | 0.0015 0.9985
Now we can compute the expected value for that year:
And replacing provides:
