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Questions and Answers
What is one of the success factors for companies employing a low-price strategy?
What is one of the success factors for companies employing a low-price strategy?
- Extreme cost and process efficiency (correct)
- Focus on product quality over price
- High-end advertising campaigns
- Supplier credit for purchasing
Which global company is mentioned as an example of employing a low-price strategy?
Which global company is mentioned as an example of employing a low-price strategy?
- Apple
- IKEA (correct)
- Amazon
- Walmart
How do successful low-price companies procure materials?
How do successful low-price companies procure materials?
- By relying heavily on bank financing
- By strictly purchasing for low prices while ensuring high-quality materials (correct)
- By focusing on self-financing or supplier credit
- By emphasizing high-quality materials over low prices
What do successful low-price companies focus on in their advertisements?
What do successful low-price companies focus on in their advertisements?
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How do successful low-price companies finance their operations?
How do successful low-price companies finance their operations?
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What is a key factor for companies employing a high-price strategy?
What is a key factor for companies employing a high-price strategy?
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Which approach do companies like H&M and Zara take to ensure high efficiency?
Which approach do companies like H&M and Zara take to ensure high efficiency?
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What is the main reason behind Dell's ability to offer lower prices?
What is the main reason behind Dell's ability to offer lower prices?
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What is emphasized as a must for companies employing a high-price strategy?
What is emphasized as a must for companies employing a high-price strategy?
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What is considered a foundation for companies employing a high-price strategy?
What is considered a foundation for companies employing a high-price strategy?
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