Answer:
Option B (By embracing lower operating costs it's much more likely to handle price rises) is the correct choice.
Explanation:
- Cost management or leadership seems to be an organizational practice introduced by Michael Porter. This helps build organizational competitive benefits. Price leadership relates to supplying the market with the cheapest operating costs, which varies from the pricing strategy.
- Sometimes it is driven by performance, size, complexity, reach, infrastructure as well as the perspective of the organization.
Some other options given should not be concerning the condition in question. And the correct response would be alternative B.
Answer:
Environmental trend
Explanation:
<em>An environmental trend is the influence of the combination of internal and external factors (environment) over the business' operating system.</em> These factors can be clients, suppliers, competition, market, law, technology, etc. In the question given the factor that is influencing are the clients (seniors).
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Answer:
1. No journal entry required
2. No journal entry required
3 Dr Loss $470,000
Cr Contingent liability $470,000
Explanation:
Preparation of the journal entry to Record any amounts as a result of each of these contingencies
1. Based on the information given we were told that The likelihood of the payment is reasonably possible which means that contingent liability amount was not recognized and therefore NO JOURNAL ENTRY IS REQUIRED
No journal entry required
2. Based on the information given we were told that Environmental Printing was expecting to win the case and be awarded the cash amount involved which means NO JOURNAL ENTRY IS REQUIRED reason been the CONTINGENT GAIN will not be recognized until the amount is received.
No journal entry required
3. Contingent liability was recorded because the payment is reasonably possible and Estimated.
Dr Loss $470,000
Cr Contingent liability $470,000
Answer:
liquidated damages
Explanation:
Based on the information provided within the question it can be said that the $150 per day is called liquidated damages. This term refers to a set amount of money that both parties agree upon when signing a contract. This money is then paid out by the company being contracted if they breach the contract, such as is the case in this situation by not completing construction by the due date. The amount specified is meant to reflect the damages that the contractor would have to deal with if the contract is not met accordingly.
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Answer:
The answer is: C) The AIDA approach
Explanation:
Attention, Interest, Desire and Action (AIDA) approach refers to a model that proposes that messages need to accomplish certain tasks that enables the audience to move through a series of sequential steps.
First he talked about how important managers are (got their attention). Then he captured their interest by showing them the solution to the problem. When he explained how the managers would benefit from carrying on the proposed solution he increased their desire to get involved. Finally Willie told them how they should carry on the proposed solution (action plan).
