Give One Example of a Firm That Has Achieved a Distinctive

question 53

Essay

Give one example of a firm that has achieved a distinctive competency in efficiency and describe that competency.Then do the same for a firm with a distinctive competency in quality,innovation,and responsiveness to customers.

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Definitions:

Willingness To Pay

The maximum amount an individual is ready to spend to acquire a good or service.

Expected Revenue

The forecasted amount of money that a business anticipates receiving over a certain period, based on projected sales volume and unit price.

Probability

A gauge for the chances of an event taking place, measured by numbers from 0 to 1.

English Auction

A type of auction in which the price ascends and participants bid openly against one another, with the item going to the highest bidder.