11-12 What is the key to the Logan ’s low price ? The key of Logan’s low price is low costs. Materials and accessories that are used in the car are low-quality or old-fashioned such as : ignition with an old fashioned‚ manual key‚ there is no cruise control the windshield glass is nearly flat . the left and right outside mirrors are identical ‚ the ashtarys are exactly the same as the ones used in another Renault model‚ the espace similarly logan shares an engine and gearbox with Renault ’s Clio
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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Bottle bank What happens to the bottle we throw into the bin? Everything starts with a bottle which is thrown into the bin or‚ to be more specific‚ into the bottle bank. Bottle bank is a special container‚ used for recycling many types of bottles‚ from plastic bottles to glass bottles. There are also bottle banks which are separated by colour of bottles like brown bottles‚ green bottles‚ clear bottles and so on. But what is recycling anyway? Recycling means turning materials from waste into something
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functions so any product that specialize In one of those individual functions can also be termed as a substitute. Buyer power Buyers bargaining power is high because of the following reasons: * More choice of products and very limited differentiation of those products * Elastic demand- demand is highly sensitive to economy * Less asymmetric information-buyers have all the required information * Less switching costs: This depends on the country and type of mobile plans provided
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Product differentiation is a marketing strategy that creates differences from other competiting products by focusing on its unique characteristics and features. The organizations target one market segment or the entire market by using this strategy. (Cravens‚ p110) The coca cola company has introduced Coke Zero as new product and focused to make it different from other products. The company has introduced Coke Zero to compete Pepsi Max and has become the most successful product in the history of
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Broad Differentiation Some important tactics necessary to gain and maintain perceived uniqueness: 1. Developing innovative products/services for broad range of customers Zara creates a “fast fashion” concept which getting designs to customers quickly. It has more style than Gap‚ faster growth than Target‚ and logistical expertise rivaling Wal-Mart. 2. Significant investments in Marketing‚ Technology Development‚ Procurement & Customer Service ZARA takes just two weeks to get a new design
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happened to all that hot air There must be more to this story. In this laboratory you will be investigating how pressure affects the temperature of air and how this relates to the formation of clouds in the troposphere. You will form a cloud in a bottle‚ find the dew point and relative humidity of air at different places in the school and use a chart to estimate how high that air would have to rise to form a cloud. Part 1 In order to explore how clouds form in the atmosphere we have to examine
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Massage in a bottle Samantha Landon 1210 East Cliff Rd. Bar Harbor Maine 04605‚ USA 24th August 2008 To the person who finds this bottle: I’m so glad that you have found this message. I am Samantha Landon‚ and please just read my message. Then I know that someone knows what I have been through. As I said‚ I am Samantha Landon and I live at Bar Harbor Maine 04605‚ USA. Or lived. Me and my mom and dad went out for this trip at the ocean‚ in my dad’s new speedboat. It moved so fast
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• Message in a Bottle Survives Epic Journey by Mike Krumboltz 7 hours ago Last year‚ a high school student named Corey Swearingen put a letter in a bottle‚ sealed it up‚ and dropped it in the Atlantic Ocean‚ off the Florida coast. It was kind of an experiment for school. In the letter‚ he appealed to whomever came across the bottle to contact him and let him know where in the world it showed up. Amazingly‚ someone did. About 16 months after the bottle was dropped‚ Swearingen’s marine science
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income levels‚ customers tend to be more price sensitive during crisis time and will usually opt for budget travel or in some cases will not travel at all. c. Led to reduced demand for travel d. Airline reduced the passenger and cargo capacity however majority of their costs pertains to fixed costs (84%) which will still be incurred despite the reduction in capacity. 2. Faced with: - a. Increasing operation costs such as fuel (due to the rising oil prices) and labor (taken care by union). 3. Exposed
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