Differentiate company to achieve this success in industry

Assignment Help Operation Management

Reference no: EM132282745

Firms that charge relatively low prices and offer substantial differentiation are following a best-cost strategy. A best cost strategy can be an effective level strategy to the extent that a firm whose fixed costs and overhead are very low relative to the competition. What is an example of an industry where you think a best-cost strategy could be successful? How would you differentiate a company to achieve this success in this industry? Provide an example of a firm in Jacksonville that is following a best cost strategy? Explain.

Reference no: EM132282745

Questions Cloud

Why is it bad to have unmotivated and underutilized staff : Why is it bad to have unmotivated and underutilized staff? What are the advantages and disadvantages of bureaucracies of this size?

Employees with substantial amounts of tacit knowledge : Companies rely on employees with substantial amounts of tacit knowledge. What can companies do to help ensure that they retain tacit knowledge?

Write a letter advising hypothetical sole proprietor : Write a letter advising a hypothetical sole proprietor to choose another form of business ownership.

Explain how knowledge management systems : Explain how knowledge management systems can help a business gain strategic-advantages.

Differentiate company to achieve this success in industry : How would you differentiate company to achieve this success in industry? Provide an example of a firm in Jacksonville that is following best cost strategy.

Effective family communication plan include : What all would an effective family communication plan include?

Defining characteristics of the group : Referring to the topic above, what are the defining characteristics (descriptive and statistical) of the group?

Which demonstrates the application of the process : Submit the ‘before’ image and an image (s) of the ‘after’ which demonstrates the application of the process.

Discuss the extent to which office information systems : Discuss the extent to which Office Information Systems (OIS) can be used to support management decision making.

User Account

All Pages