Maymart Inc sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of its competition. It has also not compromised on the quality of its products as Maymart's suppliers and vendors sell best quality raw materials at the lowest prices. In the context of Porter's positioning strategies, which of the following strategies has been adopted by Maymart?
A) The cost leadership strategy
B) The differentiation strategy
C) The price-fixing strategy
D) The diversification strategy
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Maymart Inc sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of its ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which most likely results from producers engaging in specialization? A. Producers reduce their costs. B. Producers increase their market share. C. Producers decrease the materials needed for production. D.
Answers (2)
Your company is producing a phone with a new video feature. You need to review design specifications with the production company overseas. You don't want other companies to know about the new video feature before the product hits the market.
Answers (2)
Reggie purchased a life insurance policy with a face amount of $500,000. after 15 years, the cash value has accumulated to $100,000 and the policy's face amount has become $600,000. which type of life insurance policy is this
Answers (1)
What habits must a person form in order to stay organized? Why must they form habits?
Answers (1)
16. Probett's Auto Body Repair Shop had revenues that averaged $90,000 per week in April and $80,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers.
Answers (1)
New Questions in Business
When consumers buy a product what are they creating
Answers (1)
List the four types of microorganisms that are pertinent to cosmetology
Answers (1)
A piece-rate worker is paid A. a fixed hourly wage B. a fixed salary C. a fixed rate for each item produced or serviced D. a fixed rate per week worked
Answers (1)
During its first year of operations, White Company bills credit customers $15,100 for services rendered. During the year, White receives $10,500 from all customers, $2,500 of which is received from cash customers.
Answers (1)
In determining whether an activity should be classified as a hobby, the tax law provides a rebuttable presumption with regard to the profits or losses of an activity.
Answers (1)