Products that share characteristics of predictable demand and low profit margin will have competition based on which of the following?
Products that share characteristics of predictable demand and low profit margin will have competition based on which of the following?
Products with predictable demand and low profit margins will compete primarily based on the lowest landed cost. This refers to the total price of a product once it has arrived at a buyer's door, including the cost of production, shipping, customs, duties, and taxes. In such cases, minimizing costs is crucial to maintaining competitiveness, as there is little scope for significant profit margins. Hence, the company with the lowest landed cost will be in the best position to attract customers.
this i feel the answer should be b as (A) is competitive stratergy for innovative high margins and unpredictable is faster to market kindly provide your suggestions
low profit margin already mentioned which makes fastest to market the only reasonable option here imo
No one's going to invest on speeding up time to market for a low profit, stable demand item. Should be B.
Since it is a functional product so lowest cost.
Lowest landed cost
Low profit margin implies market based on cost competitiveness. Hence answer should be b
A - egg. dairy products (egg, milk)
already mention low profit margin