-Refer to the Table Above

question 25

Multiple Choice

$\begin{array} { | c c | } \hline K & L \\\hline 8.4 & 0 \\7.8 & 1 \\7.2 & 2 \\6.6 & 5 \\6.0 & 4 \\5.4 & 5 \\4.8 & 6 \\4.2 & 7 \\3.6 & 8 \\3.0 & 9 \\2.4 & 10 \\1.8 & 11 \\1.2 & 12 \\0.6 & 13 \\0 & 14 \\\hline\end{array}$
-Refer to the table above. If the price of labour is R60 an hour and the price of capital R100 an hour, the total budget available is:

• A) R160 an hour.
• B) R600 an hour.
• C) R840 an hour.
• D) R960 an hour

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Definitions:

Cost Leadership

A business strategy aiming to achieve the lowest operational costs in an industry to offer products or services at a lower price than competitors.

Effective Marketing Strategy

A comprehensive plan crafted to communicate a product's or service's value to the target audience, aiming to achieve marketing objectives and enhance market position.

Competitive Advantages

Refers to conditions that allow a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.

Cost Leadership

A strategy where a company aims to become the lowest cost producer in the industry to gain a competitive advantage.