Font Answer the following in about one or two sentences each (10x 3-30 puilj 1)
ID: 435287 • Letter: F
Question
Font Answer the following in about one or two sentences each (10x 3-30 puilj 1) What is a strategic group? You can write your answer here 2) Define "economies of scale" 3) Starbucks had a Total Assets Turnover (TAT) ratio of 1.2 in 2017, which was an improvement over a TAT of 0.96 in 2016. If Starbucks had the exact same level of sales, debt, and profit in 2017 as they did in 2016, how did their TAT improve? 4) What does "blue ocean strategy" mean? 5) Give me an original example of a disruptive technology in a current business scenario. 6) Give me an original example of a barrier to entry. 7) What is a leveraged buyout? 8) Who was Icarus in Greek mythology? How can his story be connected to the world of business?Explanation / Answer
1) Strategic group is cluster of companies that have similar business model or strategies in the market
2) Economies of scale is an economic concept which helps the organization to have cost advantage by increasing scale of operation as it reduces per unit price
3) TAT = Total Sales/Total Assets. If the value of Sales, Profit is same between 2016 & 2017, then company must have reduced Total Assets in order to have better TAT ratio
4) Blue ocean strategy is a marketing concept wherein company creates new and uncontested market space in which there is no competitor thus giving first mover advantage