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ElenaW [278]
2 years ago
10

A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, genera

ting higher rates of profit than its competitors, is known as
Business
1 answer:
slega [8]2 years ago
5 0

It is known as competitive advantage.

Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.

It is the favorable position that a firm seeks in order to outperform its competition.

Competitive advantages are classified into two types: comparative advantages and differentiated advantages.

A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.

A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.

To know more about competitive advantage click here:

brainly.com/question/17189107

#SPJ4

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Aggies Candle Factory has recently been awarded a new contract with a large retailor in Doylestown. Demand for the candles is 25
Sergio039 [100]

Answer: Option A

Explanation:

From the question, the demand given is 250,000

For Option A,

Fixed cost = $25000

Variable cost = $0.1 per candle

Total cost = Fixed cost + Variable cost

Total cost = $25000 + ($0.1 × 250,000)

= $25,000 + $25,000

= $50,000

For Option B,

Fixed cost = $10000,

Variable cost = $0.5 per candle

Total cost = Fixed cost + Variable cost

Total cost = $10000 + ($0.5 × 250,000)

= $10,000 + $125,000

= $135,000

Therefore, the board should select option A as the total cost is cheaper than option B.

6 0
3 years ago
Nancy Fur Supply has been selling fur coats to Patricia's Fur Shop pursuant to an existing contract. The price of fur pelts goes
anygoal [31]

Answer:

In that case, Patricia:

is still liable to pay the additional 10%.

Explanation:

The 10% price increase was preceded by an agreement between the two parties.  Patricia is bound to honor her agreements with her business partner to sustain the business relationship.  Refusing to pay a debt just by a change of mind does not repudiate the contract.  Nancy can enforce the agreement in the court for specific performance of the contract because this additional agreement simply modifies the earlier contract and remains enforceable.

3 0
3 years ago
A random sample of respondents would be distributed randomly, half to the experimental group and half to the control group. A pr
Ainat [17]

The experimental design which best represents the above random survey is: B. one-group pretest-posttest design.

An experimental design can be defined as a research method (concept) in which a controlled experimental factor is objectively and efficiently subjected to a special treatment (intervention), in order to compare it with a factor (controlled variable) that is kept constant. Thus, it is used to maximize precision in an experiment and to reach a specific conclusion on a hypothesis statement.

Basically, there are three (3) main types of experimental design and these include:

1. Quasi-experimental research design

2. True experimental research design

3. Pre-experimental research design

Under the pre-experimental research design, we have three (3) forms of experimental design and these are:

  • One-shot case study research design
  • Static-group comparison
  • One-group pretest-posttest design

One-group pretest-posttest research design is mostly used by behavioral researchers to determine the effect of a special treatment (intervention) on a given sample of participants, especially by first utilizing a single group of participants (one-group design) before the treatment is implemented and once after the treatment is implemented.

In conclusion, a one-group pretest-posttest research design is the experimental design which best represents the above random survey.

Read more on experimental design here: brainly.com/question/13284940

3 0
3 years ago
The consumer price index (CPI) and the producer price index (PPI) actually measure the same economic factors.
zlopas [31]

Answer:

The statement is False.

Explanation:

First lets see what CPI and PPI are.

Consumer price index measures the change in the average prices of consumer goods and Services. The weighted average price of a selected consumer market is used for this.

Producers price index measures the changes in the prices of the output produced by the domestic producers.

However, there are certain factors that these 2 indices include and do not include.

  • CPI includes the sales and taxes paid for the products and services as they influence the consumers. however, PPI does not take in the sales and taxes.
  • PPI is somewhat broader than the CPI: PPI considers the change in average prices of producers in USA while CPI only take in to account the goods and services consumed by the US Urban consumers.
  • Because it is aimed at the consumers, CPI includes Imports. However, PPI does not include Imports.
8 0
3 years ago
In a single-slit diffraction experiment, the central maximum is broadened if the wavelength of light is increased. In a single-s
zimovet [89]

Answer:

The correct answer is letter "A": True.

Explanation:

Light passing through a single slit forms a somewhat different pattern of diffraction from that formed by double slits or gratings of diffraction. Monochromatic light traveling through a single slit has a main peak, and on either side, there are many smaller and dimmer maximums. If the light is increased, the central maximum is expanded.

8 0
4 years ago
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