Answer: Blue ocean strategy
Explanation:
Blue ocean strategy is the concurrent pursuit of low cost and differentiation to establish a new market space and also create new demand. The strategy is about the creation and capturing of an uncontested market thereby making competition irrelevant.
Blue oceans target markets where there are no existing competition. In blue oceans, demand is established rather than competed and this leads to rapid opportunity for growth and profitability. A blue ocean describes the broader, deeper potential that can be found in an unexplored market.
The planning without <em>Implementation </em>will be useless.
Strategic planning means the process of documenting and establishing the direction of the organisation goals and objectives
- The purpose of this type of planning is that its outline the master goals for one's business and also develop a plan on how to achieve them.
- The reason why plans are created is to know how to implement certain steps, so therefore, the implementation is the final process on the plan chain.
In conclusion, It is wide-known that <u>a plan with action is worthless</u>. Therefore, a planning without <em>implementation</em> of such plan makes the plan more worthless.
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Answer:
Dr Cash$561,360
Dr Finance charge expense $8,640
Cr Finance arrangement $570,000
Explanation:
Preparation of the journal entry to record the borrowing on the books of High Five Surfboard.
Dr Cash$561,360
[$570,000-($720,000*1.2%)]
$570,000-$8,640
=$561,360
Dr Finance charge expense $8,640
($720,000*1.2%)
Cr Finance arrangement $570,000
(Being to record the borrowing on the books of High Five Surfboard )
Answer:
Net changes to the accounts:
1. Service Revenue increases by $50,000.
2. The Cash account will increase by $10,000.
3. The Accounts Receivable will increase by $40,000
4. Inventory will reduce by $30,000
Explanation:
Firm A's net changes and the accounts impacted by these transactions are an increase or a reduction of resources. The overall net change of business transactions is the net income or loss generated from the venture.
Answer: threat
Explanation:
When restrictive government policies don't exist or when the industries become deregulated, then the threat of entry is high.
It should be noted that when there's entry of new competitors in an industry that offers same goods or services, then the competitive position of the company will be at risk. Therefore, the threat of new entrants refers to the ability of new companies to enter into an industry.
In such case, since there's no restriction of government policies, then the threat of entry will be high.