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Essay specific features

 

Issue:

Business

 

Written by:

Rod S

 

Date added:

August 11, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

35 / 9542

 

Was viewed:

9271 times

 

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Essay content:

A number of resources come into play?e.g., Distinctive competencies?knowledge of how to manufacture, design, or market certain products or services effectively; Financial?possession of cash or the ability to raise it; Ability and willingness to take risk; The image of the firm's brand; People who can develop new products, services, or other offerings and run the needed supports; Running facilities (no amount of money is going to get a new microchip manufacturing plant started tomorrow); and Contacts with suppliers and distributors and others who influence the success of the firm...
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If they do, competition will invariably degenerate into price?there is nothing else that would differentiate the firms. Thus, for example, in the retail food market, there are low price supermarkets such as Food 4 Less that provide few if any services, intermediate level markets like Ralph's, and high-end markets such as Vons' Pavillion that charge high prices and claim to carry superior merchandise and offer exceptional service Risk: In general, firms that attempt riskier ventures?and their stockholders?expect a higher rate of return...
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