Which are cost advantages from performing a value creation activity in the optimal location for that activity wherever in the world that might be?
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Cancel anytime. c. Core competence skills are typically expressed in product offerings that other firms find difficult to match or imitate. Explanation: The term core competence refers to skills within the firm that competitors cannot easily match or imitate. These skills may exist in any of the firm's value creation activities—production, marketing, R&D, human resources, logistics, general management, and so on. Such skills are typically expressed in product offerings that other firms find difficult to match or imitate. What are the cost savings that come from learning by doing?Learning effects refer to cost savings that come from learning by doing. Economies of scale refer to the reductions in unit cost achieved by producing a large volume of a product. Universal needs exist when the tastes and preferences of consumers in different nations are similar if not identical.
When a company focuses on increasing its profitability by reaping cost reductions that come from economies of scale and location economies it is using a N ):?Firms that pursue a global standardization strategy focus on increasing profitability and profit growth by reaping the cost reductions that come from economies of scale, learning effects, and location economies; that is, their strategic goal is to pursue a low-cost strategy on a global scale. 24.
What strategy is making sense when the firm faces strong pressures for cost reductions and demands for local responsiveness are minimal?Which strategy makes most sense when there are strong pressures for cost reductions and minimal demands for local responsiveness? Global standardization strategy.
What is the term for the economies that result from a business undertaking a value creation activity in the optimal location?What is the term for the economies that result from a business undertaking a value creation activity in the optimal locality? Location economies. Choose the factors that pressure a firm to respond locally when they enter the global marketplace. - host-government demands. - differences in consumer tastes.
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