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kolezko [41]
2 years ago
9

According to central place theory, the threshold is defined as the:.

Business
1 answer:
adoni [48]2 years ago
5 0

Threshold is defined as the smallest market area necessary for the goods and services to be economically viable.

<h3>What is Central place theory?</h3>

This is defined as an urban geographical theory that explains the number, size and range of market services in a commercial system or human settlements in a residential system.

For goods and services to be sold, the region or market has to be viable which is best explained as the threshold.

Read more about Threshold here  brainly.com/question/1251654

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I recommend to change to an hybrid strategy

Explanation:

If you have almost nonexistent profits you have to change the strategy.  

Nowadays customers expect to get everything at once: differentiated, high-quality products combined with excellent service at a low price. Customer expectations require companies to adopt a multidimensional strategic approach. Hybrid strategy integrate cost and differentiation advantages, so this could be a way  to respond to these changes. Modern production technologies and organizational structures helps to achieve both high quality and productivity at the same time.

Some of the benefits of this strategy are,

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Explanation:

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Accounts                                                                 Debit($)       Credit($)

Cash                                                                            10,750

Common Stock                                                                                10,750

<u>Being cash invested for common stock</u>

<u> in the business</u>

Office Supplies                                                           312

Cash                                                                                                  312

<u>Being office supplies purchased with cash</u>

Office Equipment                                                       5,945

Account Payable                                                                            5,945

<u>Being office equipment purchased on credit</u>

Cash                                                                             1,268

Fees Earned                                                                                     1,268

<u>Being cash received on service rendered </u>

<u>to a customer</u>

Account Payable                                                       5,945

Cash                                                                                                5,945

<u>Being settlement of amount owned for </u>

<u>office equipment</u>

Account receivable                                                   2,279

Fees Earned                                                                                    2,279

<u>Being recognition of amount owned </u>

<u>by customer</u>

Rent Expense                                                           525

Cash                                                                                                 525

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Cash                                                                         957

Account Receivable                                                                       927

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Cash                                                                                             900

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Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.

Journal also has a narration for each accounting event to provide information about the entry.

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