Answers
Gaining competitive advantage requires delivering more value and satisfaction to target consumers than competitors do. So option a. is correct.
Competitive advantage is what makes an entity's products or services more desirable to customers than that of any other rival. Competitive advantages can be broken down into comparative advantages and differential advantages. It is a company's ability to produce something more efficiently than a rival, which leads to greater profit margins.
A differential advantage is when a company's products are seen as both unique and of higher quality, relative to those of a competitor.
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Related Questions
The following is the income statement for the period ending December 31, Year 1, for Manatee Construction Company:
Manatee Construction Company Income Statement
Sales $8,000,000
Cost of goods sold (6,500,000)
Gross profit 1,500,000
Salaries expense (300,000)
Other administrative expenses (100,000)
Interest expense (900,000)
Advertising expense (450,000)
Total expenses (1,750,000)
Operating loss (250,000)
Gain from the sale of investments 100,000
Total net loss $(150,000)
Based on this information, perform the adjusting journal entry to close Manatee’s books at the end of Year 1. To prepare each required journal entry: Enter the corresponding debit or credit amount in the associated column. Round all amounts to the nearest whole number.
Account Name Debit Credit
1. Sales
2. Cost of goods sold
3. Salaries expense
4. Other administrative expenses
5. Interest expense
6. Advertising expense
7. Gain from the sale of investments
8. Retained earnings
Answers
Answer:
Sales 8,000,000 DEBIT
Gain from the sale of investments 100,000 DEBIT
Income Summary 8,100,000 CREDIT
--to close revenues and earnings account
Income Summary 8,250,000 DEBIT
Cost of goods sold 6,500,000 CREDIT
Salaries expense 300,000 CREDIT
Other administrative expenses 100,000 CREDIT
Interest expense 900,000 CREDIT
Advertising expense 450,000 CREDIT
--to close expenses account
Retained Earnings 150,000 DEBIT
Income Summary 150,000 CREDIT
Explanation:
To close the accounts we use the income summary account as an auxiliar tool
The revenues and gains have a normla balance of credit thus, we debit to close them
The expenses are normal balance debit so we credit them against income summary.
Last we transfer the Income Summary account into retained earnings.
Which statement about free on-line translation is true?
A: You are allowed to use free on-line transition software at your discretion
B: You are only allowed to use free on-line translation software if it is for a short, simple project
C: Bon Secours Mercy Health's policy is to never use free on-line translation software
Answers
The statement about free on-line translation that is true is that C. Bon Secours Mercy Health's policy is to never use free on-line translation software.
What is translation?It should be noted that translation simply means changing the form of a language to another form.
In this case, the statement about free on-line translation that is true is that Bon Secours Mercy Health's policy is to never use free on-line translation software.
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hexagon widgets wants to build its customer base and begins a huge marketing push. it begins advertising across various mediums, it hires public relations staff to drive publicity, and offers deep discounts on its widgets. this scenario is most likely part of the strategy in the marketing process.
Multiple Choice
pricing
competitive
promotion
benefit
economic
Answers
The "promotion" technique used in the marketing most certainly includes this scenario.
The importance of the marketing processThe benefit of marketing for a company is that it engages consumers and helps them decide whether to purchase your goods or services. A marketing strategy, which is a component of your business plan, also aids in establishing and sustaining demand, relevance, image, competition, etc.
What step in the marketing process comes first?Investigate Your Ideal Clientele or Audience: You'll decide who the ideal customers are for your company to market to as the first stage in developing a marketing strategy. Do some research on your intended audience beforehand. Analyze the demographics and interests of your present or potential customers for patterns.
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what report would a company want to create and run on a regular basis
Answers
Answer:
There are many different types of reports that a company may want to create and run on a regular basis, depending on the specific needs and goals of the business. Some common types of reports that companies may want to generate include:
Financial reports: These reports provide information on the financial performance and health of the company. Examples include income statements, balance sheets, and cash flow statements.
Sales reports: These reports provide information on sales activity and performance, including revenue, sales volume, and sales trends.
Marketing reports: These reports provide information on marketing efforts and their effectiveness, including data on website traffic, social media engagement, and email marketing campaigns.
Customer reports: These reports provide information on customer activity and satisfaction, including data on customer acquisition, retention, and churn.
Inventory reports: These reports provide information on inventory levels and movement, including data on inventory turnover, stockouts, and demand forecasting.
Production reports: These reports provide information on production activity and performance, including data on efficiency, quality, and capacity utilization.
HR reports: These reports provide information on human resources activity and performance, including data on employee retention, turnover, and engagement.
It's important to note that the specific reports that a company generates will depend on the specific needs and goals of the business, as well as the industry in which it operates.
Explanation:
Summarize the benefits and problems of the global food system.
Answers
Answer: Their are many benefits of the global food system, there are also problems.
Explanation: Weather impacts our food globally when their are droughts, storms etc. You need to consider that some people don't have access to food, or water access. Climate change is a big factor when it comes tothe global food system.
5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.
Answers
If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.
One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.
The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.
It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.
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Substitute, compliments, or unrelated?
Answers
Substitute Goods refers to the goods which can be used in place of one every other to fulfill a precise want. Complementary Goods refers to those goods which are consumed together to fulfill a specific want.
How do you recognize if its complement or substitute?We determine whether items are complements or substitutes based on pass price elasticity - if the go price elasticity is superb the items are substitutes, and if the pass rate elasticity are negative the items are complements.
What are examples of enhances and substitutes?age of extra of good A requires the use of more correct B. For example, ink jet printer and ink cartridge are complements. Two goods (C and D) are substitutes if the use of extra of properly C replaces the use of proper D. For example, Pepsi Cola and Coca Cola are substitutes.
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Company X sent Company Y a letter as an offer to sell 10 tons cotton for US$200,000.
After receiving the letter, Company Y immediately sent a telegram to Company X
purporting to accept the offer. However, the telegram company erroneously delivered
the telegram to Company Z. Five days later, the market price of cotton increased a lot.
Company X mailed a letter to company Y to revoke the original offer. The letter of
revocation was received by Company Y. Is there any contract between Company X and
Company Y?
Answers
There is no contract between Company X and Company Y. In order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offeror.
According to the case study presented, there is no valid contract between Company X and Company Y. The reason is that acceptance must be communicated to the offeror and the acceptance must be received by the offeror. In this case, Company Y's purported acceptance was not received by Company X because it was erroneously delivered to Company Z.
Moreover, the general rule is that a revocation is effective upon receipt. Therefore, since Company Y received the revocation letter from Company X, it means that Company X has withdrawn the offer. Therefore, there is no contract between Company X and Company Y.
To conclude, in order for a contract to be valid, there must be an offer, acceptance, and consideration, but in this case, there was no acceptance because the telegram did not reach the offeror and the offer was withdrawn before acceptance was communicated to the offer.
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How is creative thinking similar to a child’s thinking? A. Neither process restricts itself to logical solutions. B. Both thought processes always come up with fresh ideas. C. Both thought processes are simplistic. D. Both thought processes are linear
Answers
Answer: D. Both thought processes are linear
Explanation: I think I'm not too certain.
3. The structure of the company is complex and growing globally with many divergent e-commerce trading relationships. The complexity is strategically necessary because multiple choice 3 adaptation to local markets demands ancillary services (i.e., online to offline relationships). matching the market strategy of competitors varies from market to market. developing a global digital ecosystem demands a company offer a range of related products and services. All of the answers are correct.
Answers
Answer:
The correct answer is "All of the answers are correct." The complex structure of Alibaba is strategically necessary due to various factors.
First, adaptation to local markets demands ancillary services, such as online-to-offline relationships. Alibaba recognizes the importance of catering to the specific needs and preferences of different markets, and its complex structure allows for the development of localized services to meet those demands.
Second, matching the market strategy of competitors varies from market to market. Each market has its own unique competitive landscape, and Alibaba's complex structure enables it to adapt its strategies accordingly to effectively compete with local and international competitors.
Lastly, developing a global digital ecosystem demands that a company offers a range of related products and services. Alibaba aims to create a comprehensive ecosystem where users can find everything they need in one place. Its complex structure facilitates the integration of various product offerings and services, allowing Alibaba to provide a wide range of solutions to its global user base.
Therefore, all of the given answers are correct in explaining the complexity of Alibaba's structure and its strategic significance in growing globally and adapting to different markets.
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A growing trend to "Buy American" may encourage law makers to increase political pressure for Washington to pass legislation for more restrictive quotas on Japanese car imports. In addition, a decline in the value of the US dollar would be instrumental in Toyota’s decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan. If Toyota builds a plant, it’s decision would effect...
Answers
Answer: positive result from regulatory and economic environmental forces.
Explanation:
Based on the information given, if Toyota builds a plant, then the decision would reflect positive result from the regulatory and economic environmental forces.
The regulatory forces depend impact how an organization will operate. It is part of the external marketing environment of a company whereby the political efforts has an affect on a company's marketing effort.
In this case, since there is a growing trend to "Buy American", if Toyota builds a plant, rather than importing, it'll represent positive result from regulatory and economic environmental forces.
Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. True or False.
Answers
Ethical relativism is defined as the ability to influence followers to achieve common goals through shared purposes. This statement is false.
What is Ethical relativism?The idea that morality is based on cultural standards is known as ethical relativism.
There are no universal moral laws that can be applied to all individuals at all times, according to the ethical relativist. The only moral benchmarks a community may use to evaluate its actions are it's own. If ethical relativism is true, there is no framework that can be used by people of various communities to resolve moral disagreements or come to an ethical consensus.
Therefore, This statement is false.
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a unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing. True/False ?
Answers
True. A unilateral promise to give money or property in exchange for an agreement to marry must be made in writing.
- A unilateral contract explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance.
- A "bilateral" contract, which involves exchanging one promise for another, is distinct from a "unilateral" contract. A unilateral agreement would go something like this: "I'll give you $1,000 if you drive my car from Cleveland to San Francisco." Accepting is doing the car. The distinction usually only has academic value.
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Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
Answers
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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sino po crush nyo char
Answers
Answer:
Your ugly
Explanation:
The state of Kansas passed legislation in 2007 that allowed employers to select their employee pay method. The legislation was known as the "paperless payroll law," and many employers opted to give their employees pay cards instead of cash, check, or direct deposit. This practice spread to many other states, including New York. In 2017, the law was revoked because it made employers into de facto financial situations.
What are the issues with this practice? What are the benefits?
Answers
Many firms chose to send their employees pay cards rather than cash, checks, or direct deposits as a result of the legislation, which was also known as the "paperless payroll law."
For a small business, payroll used to entail hours of arduous, painstaking effort while storing mountains of paperwork and data. Your payroll operations can be paperless and (nearly) effortless because there are numerous online payroll providers available.
You can save time and effort by handling these chores electronically with online payroll programs rather than printing out payroll reports, paying employees with paper checks, and documenting time and attendance on printed timesheets. They may even enable you to cut back on printing and shipping expenses.
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discuss steeps involved in business planing process
Answers
Steps for business planning:
Step 1: Establish your mission. In essence, your mission statement explains why your business exists. ...
Step 2: Analyse your SWOT. ...
Step 3: Develop a plan. ...
Step 4: Create a budget. ...
Step 5: Put it in writing. ...
Step 6: Make it a living document.
Steps for planning
1] Recognizing Need for Action. ...
2] Setting Objectives. ...
3] Developing Premises. ...
4] Identifying Alternatives. ...
5] Examining Alternate Course of Action. ...
6] Selecting the Alternative. ...
7] Formulating Supporting Plan.
1. When creating its international expansion policy, Walmart at first followed the advice of Harvard professor Theodore Levitt, who advocated standardization, not localization. "Gone are accustomed differences in national or regional preferences," Levitt wrote. Truly global firms sought to "force suitably standardized products and practices on the entire globe."11Should companies keep a standardized approach or adapt to local markets?
Answers
My personal opinion on whether companies should keep a standardized approach or adapt to local markets is:
They should adapt to local markets because the needs of the people can easily sustain the business and the business can change their policies based on changing outcomes.What is a Local Markets?This refers to the demand of customers for a particular good or service in a given area and this is a better method than standardization as this would help to sustain the business.
With this in mind, we can see that adaptation to local markets is vital because this would enable the business owner to analyse the needs of the people and supply them.
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1. Demand-pull inflation may be caused by:
Answers
Answer:
Demand-pull inflation can be caused by an expanding economy, increased government spending, or overseas growth.
Explanation:
Question 5
If an individual has a Holland code suggesting Conventional strengths,
career in which field might be most satisfying?
h
O Finance
O Teaching
O Food Service
O Medicine
Answers
If an individual has a Holland code suggesting Conventional strengths, the career in finance field might be most satisfying. Thus, the correct answer is option B.
What is a Holland Code?The Holland Codes, also known as the Holland Occupational Themes, are a taxonomy of interests based on a career and vocational choice theory developed by American psychologist John L. Holland.
The Holland Codes are a component of the Strong Interest Inventory, which is used to assess interests. Holland defines the "Conventional Type" as a person who has "a preference for actives that entail the explicit, ordered, systematic manipulation of data . These behavioral tendencies, in turn, lead to the development of clerical, computational, and business system competencies.
Therefore, a career in finance would be appropriate for an individual who has a Holland code suggesting Conventional strengths.
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Which statement about diversity in a corporate culture is NOT true?
Select an answer:
Corporate diversity involves developing sensitivity to other cultures when interacting with the international market.
Corporate diversity refers to gender, age, race, background, and talents within an organization.
Corporate diversity refers as much to current diversity within the organization as its plans to increase diversity through recruitment.
Corporate diversity stems from increasing employment of workers from multiple ethnicities and legal compliance with rules for hiring them.
Answers
All statements about diversity in a corporate culture are true.
What is corporate diversity?It corresponds to a range of differences within an organization, including but not limited to gender, age, race, background and talents. That is, they are workers from different cultures and ethnicities who interact in the same work environment in favor of increasing creativity and innovation.
Therefore, it is concluded that corporate diversity is essential for organizations to remain competitive in the globalized environment, with all options being true.
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In case of an emergency, you should have money saved to cover expenses for at least _____. Select the best answer from the choices provided. A. one to three months B. two to four months C. three to six months D. four to eight months
Answers
In case of an emergency, you should have money saved to cover expenses for at least three to six months
Research on the increasing rate of teenage pregnancy with research methods
Answers
Answer:
Ghana constitute to record high rate of Ap.Recent national report shows that 11percent of adolescent age 15 to 19 had had a live birth of which 3 percent with first child and 14 percent has began childbearing
Suppose that you receive a weekly income of $100, which you spend entirely on pizza and deluxe hamburgers. The price of a pizza is $10 and the price of a hamburger is $5. On a diagram, draw a line that shows your consumption possibilities. What is the opportunity cost of a hamburger? Would the opportunity cost of a hamburger change if the prices of pizza and hamburgers were cut in half? Calculate the opportunity cost of a pizza and a hamburger for each of the following changes:
Answers
The opportunity cost of a hamburger is -1/2 of a pizza, and it remains the same even if the prices of pizza and hamburgers are cut in half.
To draw the consumption possibilities line, we can use a simple graph with pizzas (x-axis) and deluxe hamburgers (y-axis) as the two goods. Let's assume that the horizontal axis represents the quantity of pizzas and the vertical axis represents the quantity of deluxe hamburgers.
Given that the price of a pizza is $10 and the price of a hamburger is $5, we can plot the consumption possibilities by dividing the weekly income of $100 by the respective prices. This gives us the following points:
With $100, you can buy 10 pizzas ($100 / $10 = 10) and 20 deluxe hamburgers ($100 / $5 = 20). Plot this point on the graph as (10, 20).
Now, let's consider the opportunity cost.
The opportunity cost is the value of the next best alternative that is forgone when a choice is made. In this case, it represents the number of pizzas you have to give up to obtain an additional hamburger, or vice versa.
The opportunity cost of a hamburger can be calculated by finding the slope of the consumption possibilities line. The slope represents the rate at which one good is traded for the other. In this case, the slope is -10/20, which simplifies to -1/2. This means that for each additional hamburger, you have to give up 1/2 of a pizza.
If the prices of pizza and hamburgers were cut in half, the new prices would be $5 for a pizza and $2.50 for a hamburger. This change in prices would not affect the consumption possibilities line.
The line would remain the same, indicating the combinations of pizzas and hamburgers that can be purchased with the given income. However, the specific points on the line would change.
The opportunity cost of a hamburger would still be -1/2 of a pizza, as the ratio between the prices and the opportunity cost remain the same.
In summary:
Opportunity cost of a hamburger: -1/2 of a pizza
Opportunity cost of a pizza: 2 hamburgers (since the reciprocal of -1/2 is -2/1, meaning you would have to give up 2 hamburgers to obtain an additional pizza)
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With an aim of a diagram, distinguish between the income effect and substitution effect of change in price of a normal good
Answers
Hello. You did not present a diagram to which the question refers. However, I will try to help you in the best possible way.
The income effect is the term related to the increase or decrease in the consumer's purchasing power in relation to the fluctuation in the price of consumer products and the value of the national currency. On the other hand, the substitution effect refers to the impact between the variation of the consumers' income value and the product's prices.
Suppose you have $5,000 as a gift from your parents just after they kicked you out of the house. You have a
car, your great grandfather's rare World War I commemorative badge collection and you quickly found a place
to rent for a while. You work in a factory that has a history of workplace injury and you work near the
conveyor belts and other giant machines. You are single and live by yourself.
Based on this information, what types of insurance would you need to purchase? List each type you would
need and explain in 1-2 sentenes why.
(4 different insurances to identify)
Answers
Because you have been said to work in a place that is known to have lot of workplace related incidents and other issues, the best type of insurance that you should get is the life insurance.
What is the life insurance?An insurance policy holder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, such critical illness or terminal disease, may also result in payment, depending on the terms of the contract.
A life insurance policy is simply a contract between a person and an insurance company, under which the firm agrees to pay a predetermined sum of money to the person's beneficiaries or family in exchange for a series of payments over time.
You are not ineligible for competitive life insurance if you work in a risky industry or are considered high-risk by the life insurance provider.
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define electronic communication
Answers
Answer:
this is any information sent between particular parties over a phone line or internet connection. This includes phone calls, faxes, text messages, video messages, emails and internet messaging.
You’ve just read the article about Macy’s and Nordstrom’s. Why do you think companies like Macy's have to move to an Omnichannel strategy for selling their products?
Answers
The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.
What is a distribution channels?Distribution channel serves as the means by which companies make their products to be available to final consumer.
This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.
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The typical consumer buying process include which of the following steps?
Environmental scanning, need recognition, research, purchase, post-
purchase evaluation
Information search, need recognition, benefit alignment, selection, post-
purchase evaluation
Information search, need recognition, evaluation, purchase, post-
purchase evaluation
Need recognition, information search, evaluation, purchase, post-
purchase evaluation
Answers
The typical consumer buying process include option D: Need recognition, information search, evaluation, purchase, post- purchase evaluation
Why is the purchase process crucial for consumers?Consumer buying behavior describes the steps that consumers take before making a purchase of a good or service, both online and offline. Search engine research, participation in social media discussions, and a range of other activities could be part of this process.
Businesses may select how to promote their goods and services most effectively by comprehending how consumers think, feel, and make decisions. This aids in predicting consumer behavior and helps marketers promote their already-available goods and services. 2
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, as well as alternative assessment, buy decision, and post-purchase evaluation are all the five steps.
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An employee:
works for someone else
O takes the risk of a business venture
sets financial goals for the business
sets nonfinancial goals for a business
Answers
Answer:
works for someone else
Explanation:
An employee is someone hired to offer labor services to their employers. The employers may be an individual, a private organization, or the governments. Employees earn wages, salaries, and other benefits provided by the employer in exchange for their labor services.
Employees do not assume any risks as the business owners do. Their role is to fulfill their mandate as instructed by the employers. Employees assist the employer in accomplishing their business vision.