Answers
Managers can help their organizations gain competitive advantage through cost leadership, differentiation, or focus. A competitive advantage is a position of strength that allows a company to gain an edge over its competitors in the marketplace.
Managers can use cost leadership, differentiation, or focus strategies to help their organizations gain this advantage. Cost leadership involves producing products and services that are lower in cost than those of competitors. This strategy allows a company to offer its products and services at a lower price, thus attracting more customers. Differentiation involves creating products and services that are perceived by customers to be of higher quality than those of competitors.
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Related Questions
Explain why different communication methods are used in the business environment?
Answers
Answer:
Different communication methods are used in different circumstances because sometimes a certain method will be more effective in terms of cost, time and impact, and sometimes it will be more appropriate.
Explanation:
Different communication methods are used in the business environment to suit different situations and needs. It is important to choose the right method of communication to ensure effective communication and to avoid misunderstandings.
There are some important communication methods are:
Face-to-face communication is utilized when there needs to be rapid clarification, feedback, or discussion.
When a written record of the conversation is required or the receiver cannot be reached in person, email is the preferred means of communication.
When a formal debate or presentation is required, this approach is employed in business meetings.
Social media is a technique utilized when a wide audience has to be reached fast.
Applications for team messaging are utilized when quick, informal communication is required among team members.
As a result, the significance of the different communication methods are used in the business environment are the aforementioned.
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The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair. This places a wedge between the
price buyers pay and the price sellers receive.
Fill in the following table with the quantity sold, the price buyers pay, and price sellers receieve before and after the tax.
Answers
The filled table, showing the quantity sold, the buyers' price, and the price sellers receive before and after the imposition of a tax of $40.60 per pair of jeans, is as follows:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $100.00 $100
After-tax 430 $105.60 $65 ($105.60 - $40.60)
Tax burden 70 $5.60 $35
($105.60 - $100) ($100 - $65)
What is a tax wedge?The tax wedge is a measure of the difference between before-tax and after-tax prices that buyers and sellers pay and receive, respectively.
The tax wedge or burden shows the amount ($40.60 per pair) that the government which institutes the tax receives.
Question Completion:Table showing the variables to fill:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $ $
After-tax 430 $ $
Tax burden $ $
See attached graph for details.
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The graph illustrates that the quantity and the price before tax are 50 and $100 respectively.
How does the graph illustrate the price?From the complete question, in the graph, it can be noted that the quantity and the price before tax are 50 and $100 respectively.
Also, the quantity and the price after tax are 45 and $105.60 respectively. the increase in the tax brought about the reduction in the quantity demanded.
Lastly, the tax burden on the buyers will be:
= $105.60 - $100
= $5.60
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Ethiopia's incomes and expenditures are as follows (in billion bire) in 2009
Wages
at what approach 100
Social security contributions
7
Interest income
5
Personal taxes
20
Consumption expenditure by households
60
Government purchases of goods and services
150
50
Transfer payments
100
Corporate profit
30
Investment expenditures by business
20
Corporate Income taxes
50
Indirect business taxes
Undistributed corporate profit
90
Consumption of fixed capital( depreciation)
40
Non income charges
65
Expenditures by foreigners
25
Net foreign factor income earned domestically
25
a. Using expenditure approach, what is GDP?
Answers
The GDP of Ethiopia using the expenditure approach in 2009 was 205 billion bire.
What is Ethiopia's GDP?By adding up all of the expenditures on finished goods and services produced domestically, we may compute the GDP using the expenditure method. The following formula is used to determine GDP when utilizing the spending method:
GDP = C + I + G + (X - M)
where:
C = Consumption expenditure by households
I = Investment expenditures by business
G = Government purchases of goods and services
X = Expenditures by foreigners on domestically produced goods and services
M = Expenditures by domestic residents on foreign-produced goods and services
Using the given values for Ethiopia's incomes and expenditures in 2009, we can further input the values to calculate the GDP as;
GDP = C + I + G + (X - M)
= 60 + 20 + 150 + (25 - 25)
= 205 billion bire
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Because so many customer balances consist of multiple invoices, what could the auditors do to eliminate unnecessary reconciliation
Answers
In order to eliminate unnecessary reconciliation the auditors could request to send empty letter spaces to the customers.
Then the auditor should make the request of asking these customers that they should write out their balances in these letters.
The reason why the auditor has to do this is to check if they are correct or if they are not.
The account receivable has to be sent by this firm in order to determine if the customers have same amount of balance.
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Recently, "de-dollarization" has become a hot topic of global discussion. Recently, a Chinese think tank published an article saying that the trend of global de-dollarization has become very clear, and many countries in the world are working hard to reduce their dependence on the US dollar. The main driving force for this trend is my country's weaponization of its currency through excessive sanctions.
Answers
De-dollarization, or the reduction of dependence on the US dollar in global financial transactions, has indeed gained attention in recent years. While it is true that some countries are actively working to diversify their currency holdings and reduce reliance on the US dollar, it is essential to consider multiple factors that contribute to this trend.
One of the factors that have led to discussions about de-dollarization is the use of economic sanctions by the United States. Economic sanctions can be a powerful tool for a country to exert pressure on another nation, but they can also have unintended consequences. When the US imposes sanctions, it often restricts access to the US financial system, which is heavily reliant on the US dollar. This has prompted some countries to explore alternative methods of conducting international trade and finance to mitigate the impact of sanctions.
China, as a rising economic power, has been at the forefront of efforts to promote de-dollarization. It has taken steps to internationalize its currency, the yuan (also known as the renminbi), and has established currency swap agreements with various countries to facilitate trade settlements in yuan. Additionally, China has been promoting the use of its currency in international transactions through initiatives like the Belt and Road Initiative, which aims to enhance trade connectivity and financial integration among participating countries.
While weaponization of the US dollar through sanctions is indeed a contributing factor to the de-dollarization trend, it is not the sole driver. Other factors include concerns about the long-term stability of the US dollar, efforts by countries to reduce vulnerability to currency fluctuations, and geopolitical considerations. Some countries view de-dollarization as a way to enhance their economic and financial sovereignty, diversify risk, and reduce exposure to potential US policy changes.
It is important to note that the process of de-dollarization is gradual and complex. The US dollar still remains the dominant global reserve currency and the primary currency for international trade. The global financial system has deep-rooted structures and networks that make a rapid shift away from the US dollar challenging. However, as various countries seek to reduce their dependence on the US dollar, we can expect ongoing discussions and actions related to de-dollarization in the global economic landscape.
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If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answers
Answer:
B.
Prioritize and make a budget.
Tất cả hàng hóa khi qua các kho đều lần lược qua 4 khâu nào:
a. Nhập, lưu trữ, chọn lọc, giao hàng
b. Nhập, lưu trữ, chọn lọc, xuất kho
c. Nhập, lưu trữ, chọn lọc, phân loại
d. Tất cả đều đúng
Answers
Answer:
c.
Explanation:
Pls help i will give branlyist
Choose a specific administrative support job. Then explain the type of multitasking a person might have to do in that job.
Give an example of a clear subject line for an email and an unclear subject line. Then explain why the clear subject line is better.
Answers
Human Resources is the administrative job that performs multitasking like payroll, hiring, recruitments, maintaining the atmosphere in office and others.
What is Human Resources?Human resources specialists recruit, interview, and screen job candidates as well as assign newly hired employees to positions. They could also be in charge of training, employee relations, and pay and benefits. Labor relations professionals oversee and evaluate employment contracts.
HR management frequently involves processing payroll, creating job descriptions, developing workplace standards, and buying benefits.
Thus, Human Resources is the administrative job.
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Haas Company manufactures and sells one product. The following information
pertains to each of the company's first three years of operations:
Variable costs per unit:
Manufacturing:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative
Fixed costs per year:
Fixed manufacturing overhead
Fixed selling and administrative expenses
A A A A
20
12
4
2
$
Book
$ 960,000
$ 240,000
int
During its first year of operations, Haas produced 60,000 units and sold 60,000 units.
During its second year of operations, it produced 75,000 units and sold 50,000 units.
In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price
of the company's product is $58 per unit.
int
ences
Required:
1. Compute the company's break-even point in unit sales.
2. Assume the company uses variable costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
3. Assume the company uses absorption costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
Answers
While the sales revenue of $960,000 is a crucial piece of information, it is only one component in assessing the financial performance of Haas Company.
Based on the provided information, it can be inferred that Haas Company manufactures and sells only one type of product. The total amount of sales revenue for this product is $960,000. However, this information alone is not sufficient to determine the profitability or financial health of the company.
In order to assess the financial performance of Haas Company, additional information such as the cost of goods sold, operating expenses, and net income is needed.
The cost of goods sold refers to the direct costs associated with the production and sale of the product. This includes materials, labor, and overhead expenses. By subtracting the cost of goods sold from the total sales revenue, the gross profit can be determined. The gross profit indicates the profitability of the product, before taking into account any operating expenses.
Operating expenses are the indirect costs associated with running the business, such as rent, utilities, salaries, and advertising. After subtracting the operating expenses from the gross profit, the net income can be determined. The net income represents the overall profitability of the company after all expenses have been accounted for.
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Which of the following statements about goods and services is TRUE?
a.
The demand for services is independent of time.
b.
A service encounter can consist of one or more moments of truth.
c.
A good example of a nondurable good is furniture.
d.
A durable good is a product that typically lasts for less than three years.
Answers
Answer:
B
Explanation:
A nondurable good is a product that typically lasts for less than three years. An example is food.
A durable good is a product that typically lasts for more than three years. An example is furniture, laptop.
The demand for services is dependent on time. After a period, the service may no longer be needed. For example, consider the demand for the services of a firefighter when a building is on fire. the demand for the firefighters is only needed for the duration that the building is on fire. After the fire has been put out, there would be no need for firefighters
Economic theory assumes that people act rationally and maximize their total satisfaction. Explain this proposition and discuss whether people who spend 30 days a year commuting fulfil these assumptions.
Answers
Indeed, the proposition is that people act rationally and maximize their total satisfaction when making decisions.
What is rational behavior?Rational behavior is a decision-making process that results to optimal benefits or utility for the decision-maker. The assumption of rational behavior implies that decision-makers make choices to benefit them above the marginal costs of such decisions.
Thus, people who spend 30 days per year in commuting actually fulfill the rational assumption, because they derive maximum marginal benefits visa-a-vis commuting more or less than 30 days annually.
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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.
Answers
Today's HR departments—at least the forward-thinking ones—spend their energy managing employee engagement and bolstering culture rather than concentrating on people management and administrative responsibilities.
What is HR management?
In order to effectively and efficiently manage people in a company or organisation and provide it a competitive edge, it is known as Human Resource management (HRM or HR). In support of a company's strategic goals, it is made to optimise staff performance. The primary focus of Human Resource management, which also emphasises systems and policies, is the management of individuals inside businesses. The management of pay and benefit systems, as well as employee recruiting, training, and development, falls within the purview of HR departments, which are also in charge of regulating these areas. Organizational transformation and labour relations, or the balancing of organisational practises with obligations emerging from collective bargaining and governmental regulations, are other issues that HR is concerned with.
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In 25 words or fewer, explain how changes in the number of undocumented workers since 1995 affects HR management.
An IRB may suspend or terminate an ongoing clinical study if:
Answers
An IRB may suspend or terminate some or all research activities on a protocol if events are identified that represent serious or continuing noncompliance or unanticipated problems involving risk to subjects or others.
IRB Chair or his/her/their designee has the authority to suspend some or all research activities if exceptional participant safety issues are identified. This authority is only exercised if an action is required prior to a convened meeting and it is not feasible to assemble an emergency meeting.
IRB Chair or his/her/their designee has the authority to suspend some or all research activities if exceptional participant safety issues are identified. This authority is only exercised if an action is required prior to a convened meeting and it is not feasible to assemble an emergency meeting.
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Grace paid a life insurer $45,000 in exchange for an immediate life annuity. Grace will receive $500 per month from the insurer, and her life expectancy is 15 years (180 months). What is the exclusion ratio in this case?
Answers
Answer:
the exclusion ratio is 0.50 or 50%
Explanation:
The computation of the exclusion ratio is as follows:
= Investment made in contract ÷ expected return
= $45,000 ÷ ($500 × 180 months)
= $45,000 ÷ $90,000
= 0.50 or 50%
Hence, the exclusion ratio is 0.50 or 50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Tali has recently joined a sports center as a service assistant. She's asked to set up a phone conference with several people she hasn't met yet. How should Tali begin the meeting to show that she understands professional conduct? O A. She should start off with a joke or a funny story. OB. She should talk about the most recent activities of the sports center. OC. She should introduce herself and explain the purpose of her call. OD. She should ask each person on the call to do a self-introduction.
Answers
Answer:
C -- She should introduce herself and explain the purpose of her call.
Explanation:
It is most professional to introduce herself this way. Also, Tali wants to show that she understands professional conduct.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
Answers
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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If you were seleted for this position, how quickly would you be able to start?*
Answers
If I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled.
As a responsible individual, I would like to make sure that I do not leave my current employer stranded and would provide them with adequate notice as required. I believe in fulfilling my professional obligations and would like to do the same in my current position. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner. This would include ensuring that all my work is up-to-date and handing over my responsibilities to my successor in a systematic and thorough manner.
Once the notice period is over and all the formalities have been completed, I would be able to start working in my new position. I understand the importance of being punctual and professional and would make sure that I arrive at work on time and fulfill all my responsibilities to the best of my abilities. I believe in teamwork and would work closely with my colleagues to ensure that the objectives of the organization are met.
In conclusion, if I were selected for the position, I would be able to start immediately, provided that all the formalities have been completed and all the requirements have been fulfilled. I would work with my current employer to ensure that I am released from my current position in a professional and amicable manner and would arrive at work on time and fulfill all my responsibilities to the best of my abilities.
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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Answers
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Discuss the various system for internal administration for financial organisation.
Answers
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
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Which is the result of entering a debit in an expense account?
Answers
Explanation:
when a payment is made the entries recorded are debit prepaid expenses
Abel's guidance counselor says he needs to ensure that his letters to college admission offices are friendly and respectful. What characteristic of effective communication are they referring to?
Answers
Answer:
Courtesy
Explanation:
Because I did the assignment and passed
The characteristic of effective communication that Abel's guidance counselor is referring to is the tone of his letters and courtesy.
What do you mean by effective communication?If you're communicating effectively, people are hearing and responding to your thoughts and concepts.
Because there are so many more ways to communicate than in the past, effective communication is more challenging now.
You would assume it would be simpler to make your point, but that is not the case. Because of this, it's critical to improve speaking skills so that others can comprehend what we're saying.
Strong interpersonal and professional relationships are facilitated by effective communication skills, which give you a better comprehension of what other people want and how to convey information to them.
As others start to feel heard and understood by you, both your professional and personal environments automatically improve.
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A company received a utility bill of $610 but did not pay it. Indicate the amount of increases and decreases in the accounting equation
Answers
Answer:
account payable increase and credit increase as well
Explanation:
I'm asking again because I legit need help on this. Best answer gets brainliest.
One of the biggest differences between a public sector business and a private sector business is the use of tax dollars. Public sectors businesses entirely run off of tax money, while private sector business depend on making money through selling goods or services.
1. What do you see as some of the POSITIVE aspects of depending on tax money to run a business?
2. What do you see as some of the NEGATIVE aspects of depending on tax money to run a business.
Answers
Answer:
1. the positively here is you are sure of the money need to run the business even without one doing much as long as taxes are paid and these business sectors under this category are non profit organization but for the betterment of the people
Explanation:
2. no profit is made so no gain, no specifiation on the goods to fit the requirements of the masses and mass production is mostly low quality.
what is the definition of organization ? Briefly explain each part of the definition?
Answers
organization isn a group or team that works together to accomplish a task
what business deals with social
Answers
Answer:
free r o b u x
free v buck
free gift card
why do projects fail ?
Answers
An economy consists of three workers: Sam, Andrew, and Darnell. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Sam can either mow 1 lawn or wash 1 car; Andrew can either mow 1 lawn or wash 2 cars; and Darnell can either mow 2 lawns or wash 1 car.
For each of the scenarios listed, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row.
a. All three spend all their time mowing lawns.
b. All three spend all their time washing cars.
c. All three spend half their time on each activity.
d. Sam spends half his time on each activity, while Andrew only washes cars and Darnell only mows lawns.
Answers
Answer:
40 lawns would be mown , 0 cars would be washed
40 cars, 0 lawns
20 lawns 20 cars
25 lawns 25 cars
Explanation:
a. If they all mow lawns and they have 10 hours a day to work, the total number of lawn mown = (1 x 10) + (1 x 10) +(2 x 10) = 40 lawns
If they mow lawns only, they would wash cars. So, the total of cars washed would be 0
b. If they all wash cars and they have 10 hours a day to work, the total number of cars washed = (1 x 10) + (2 x 10) +(1 x 10) = 40 cars
If they wash cars only, they would not mow any lawn. So, the total of lawns mown would be 0
c If they all spend half their time on each activity, they would wash cars for 5 hours and mow lawns for 5 hours
Lawns mown = (1 x 5) + (1 x 5) +(2 x 5) = 20 lawns
Cars washed = (1 x 5) + (2 x 5) +(1 x 5) = 20 cars
d. If Sam spends half his time on each activity, he would spend 5 hours on each activity. He would wash 5 cars and mow 5 lawns
If Andrew washes only cars, he would wash (2 x 10) = 20 cars
If Darnell only mows lawns, she would wash (2 x 10) = 20 lawns
This gives a total of 25 cars and 25 lawns
Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers declined by only 7.3 million. True or False: The labor force has remained unchanged.
Answers
Answer:
False, the labor forced increased
Explanation:
labor force = total number of people actively working (employed) or searching for jobs (unemployed)
lets say L = the total labor force in 2010
by 2016, L had increased by 12.1 million and decreased by 7.3 million
net change of L = 12.1 - 7.3 = 4.8 more million people were part of the labor force in 2016 than in 2010.
When did the FBI establish?
Answers
Answer:
july26 in 1908 United States
Antiques ‘R’ Us is a mature manufacturing firm. The company just paid a dividend of $11.60, but management expects to reduce the payout by 5.25 percent per year, indefinitely. If you require a return of 11 percent on this stock, what will you pay for a share today?
Answers
If you require a return of 11% on this stock, you would be willing to pay approximately $191.13 for a share of Antiques 'R' Us today.
To determine the current share price of Antiques 'R' Us, we can use the dividend discount model (DDM) which calculates the present value of future dividends.
Given:
Dividend just paid = $11.60
Dividend reduction rate = 5.25% per year
Required return = 11%
We need to find the present value of future dividends to calculate the current share price.
Step 1: Calculate the expected dividend in the next period:
Expected dividend in the next period = Dividend just paid × (1 - Dividend reduction rate)
Expected dividend in the next period = $11.60 × (1 - 0.0525) = $11.60 × 0.9475 = $11.007
Step 2: Calculate the present value of future dividends:
Present value of future dividends = Expected dividend in the next period / (Required return - Dividend reduction rate)
Present value of future dividends = $11.007 / (0.11 - 0.0525) = $11.007 / 0.0575 = $191.13
Step 3: Calculate the current share price:
Since the dividend reduction rate is applied indefinitely, the current share price is the present value of future dividends.
Current share price = $191.13
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