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Author Question: Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys ... (Read 86 times)

formula1

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Question 1

In general, profit potential of an organization decreases with ________.
◦ lesser competition and stronger potential entrants
◦ greater competition and stronger potential entrants
◦ lesser competition and weaker potential entrants
◦ greater competition and weaker potential entrants

Question 2

Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Magic believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity are critical to implementing its strategy.  Which of the following best describes Magic's strategy?
◦ product differentiation
◦ product leadership
◦ cost differentiation
◦ cost leadership


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Marked as best answer by formula1 on Mar 6, 2021

kiamars2010

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formula1

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


Joy Chen

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Reply 3 on: Yesterday
Excellent

 

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