Answer:
The answer is significantly.
Explanation:
Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.
The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors
Answer:
Intuition Decision Making model.
Explanation:
Intuition Decision Making model can be described as the process by which knowledge acquired through associated learning and stored in long-term memory is accessed unconsciously to form the basis of a judgment or decision.
When speed is essential to a successful outcome, intuition decision making model should be used because there will not be need for analytics, facts, and a step-by-step process to come to a decision.
Its achieve by preserving what is distinct about the company.
Strategic positioning is basically an effort made by an organization in order to distinguishes itself in a valuable way from its competitors and delivers value to clients in way different from others.
- According to Porter, he states that a "company's relative position within its industry matters for performance".
- A proper strategic positioning have a way of influencing how customers perceive a product in relation with other competitors product.
In conclusion, this type of positioning helps to achieve sustainable competitive advantage by preserving what is distinct about the company.
Learn more about Strategic positioning here
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They are skill based pay and gain sharing.
