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2 years ago

What is the term that describes a company's ability to maintain and gain market share in its industry?

Business

1 answer:

FromTheMoon [43]2 years ago

8 0

Competitiveness A company's ability to maintain and gain market share in its industry.

<h3>What is Competitiveness ?</h3>

Competitiveness is defined as an organization's capacity to execute its objective more successfully than competitor organizations' goods. The law of supply and demand tends to balance markets.

In the instance of business competitiveness, we can describe it as an organization's capacity to provide goods or services with a favorable quality-price ratio that ensures strong profitability while gaining client preference over competitors. Competitiveness ensures the company's long-term viability.

Competitiveness, as a motivator that motivates people to work hard, promotes personal development. Because such people do not want to be left behind in competition, they have an inner drive to study more, work more, and always improve on what they know or have.

To know more about Competitiveness follow the link:

brainly.com/question/26491505

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Wilma's Widgets had net sales of $ 20,882,696 in 2010. The cost of goods sold was $ 13,765,751 , operating expenses (excluding d

Andrei [34K]

Answer:

Wilma's Widgets will report $3,880,749.00 as earnings before interest and taxes (i.e., operating profit) in 2010

Explanation:

Earnings before interest and tax= net sales-cost of goods sold-operating expenses-depreciation

net sales is $20,882,696

cost of goods sold is $13,765,751

operating expenses are $2,014,441

depreciation is $1,221,755

earnings before interest and tax=$20,882,696- $13,765,751- $2,014,441-$1,221,755=$3,880,749.00

7 0

3 years ago

At the beginning of the year, ACME had an inventory of $600,000. During the year, the company purchased goods costing $2,250,000

babunello [35]

Answer:

COGS (cost of goods sold) = $2,100,000

Gross Profit rate = 0.3

Explanation:

The formula for computing COGS (cost of goods sold) is as

COGS (cost of goods sold) = Beginning inventory + Purchases - Ending inventory

where

Beginning inventory amounts to $600,000

Purchases made during the period is $2,250,000

Ending inventory is $750,000

So, putting the values above:

COGS (cost of goods sold) = $600,000 + $2,250,000 - $750,000

COGS (cost of goods sold) = $2,850,000 - $750,000

COGS (cost of goods sold) = $2,100,000

The formula for computing Gross Profit rate is as:

Gross Profit rate = Gross Profit / Net Sales

where

Gross Profit is computed as:

Gross Profit = Net Sales - COGS

= $3,000,000 - $2,100,000

Gross Profit = $900,000

Net Sales is $3,000,000

So, putting the values above:

Gross Profit rate = $900,000 / $3,000,000

Gross Profit rate = 0.3

4 0

3 years ago

You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?

pishuonlain [190]

Answer:

$48.9125

Explanation:

7.5% of 45.50 is 3.4125

3.4135+45.50=48.9125

7 0

3 years ago

The growers of Sunny Day Citrus have determined that their chief priority for choosing a transportation mode within the United S

Leya [2.2K]

Answer:

Rail transportation

Explanation:

Considering the situation described above in the questions, Sunny Day Citrus should use RAIL TRANSPORTATION to ship their oranges.

There are basically four means of shipping goods, these include road, maritime, rail, and air shipment.

However, considering the need to achieve quick transit time, low margins, low cost, and the highest level of reliability the best means of use is RAIL TRANSPORTATION.

This is because while Air shipment is the fastest, it is the most expensive. Also, the Maritime or Ship may be the lowest in terms of cost, but since it is within the United States, it would be relatively expensive compared to rail and also is the slowest in terms of transit time.

Similarly, the road may be faster and relatively cheaper compared to air, but not as cheaper compared to the rail in a long distance.

Rail transportation offers cheaper, low margins, reliability as it is difficult to have accidents and robbery of such commodities inside the train. It is also quite faster compared to ship.

Hence, in this case, the right answer is RAIL TRANSPORTATION

8 0

3 years ago

T Company expects to incur the following per unit costs for 1,000 units of production: Direct materials of 4 pounds per unit at

Vladimir [108]

Answer:

Total overhead = = $7,500

so here correct option is E. $7,500

Explanation:

given data

production = 1,000 units

direct labor = ¼ hour @ $24 per hour

variable overhead = 75 % of direct labor

fixed overhead = $3,000

to find out

total amount of overhead

solution

we first find Direct labor that is

Direct labor = ¼ × 24

Direct labor = $6

Total overhead will be here

Total overhead = Variable overhead + Fixed overhead .................1

now put here value we get

Total overhead = ($6 × 75% ) × 1,000 + $3,000

Total overhead = = $7,500

so here correct option is E. $7,500

8 0

3 years ago