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4 years ago

What are some of the advantages of entering a market early? Are there any advantages to entering a market late?

Business

1 answer:

Mkey [24]4 years ago

5 0

Answer:

The advantages of entering a market early are:

First mover advantage

Less competition

Patents

The advantages of entering a market late includes:

Certainty

Less research and development costs

Explanation:

First mover advantage refers to the benefits that accrues to a business from being a pioneer in one line of business,the company would be able to charge a price high enough to cover its costs and above all make profits.

At early stage of an industry,competition is less,larger market share can be gained.

Entering a market early makes it possible for a company to acquire patents that prevent others from producing products of its kind.

Also,entry a market late brings some benefits,in that the structure of the market is already known,uncertainty around the size of the market has given way and also the research and development costs can be minimized as the product specification is well known.

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kati45 [8]

Answer:

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Explanation:

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3 years ago

Why is it important to file your income taxes before tax day? provide two reasons.

Lana71 [14]

Answer:

There are several reasons to complete tax returns early rather than waiting until Tax Day: More accurate returns potentially resulting in larger refunds. Less competition for appointments with tax preparers. More time to plan for tax payments. Less chance of tax fraud.

Explanation:

:) DO YOUR TAXES!!! lol

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3 years ago

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marta [7]

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3 years ago

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Pavel [41]

Answer:

a. advertising

Explanation:

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3 years ago

Esquire Comic Book Company had income before tax of $1,550,000 in 2021 before considering the following material items: 1. Esqui

olga2289 [7]

Answer:

Esquire Comic Book Company

Income Statement

For the Year Ended December 31, 2021

Operating income $1,550,000

Restructuring costs ($60,000)

Income from continuing operations b/ Taxes $1,490,000

Income tax expense ($372,500)

Income from continuing operations $1,117,500

Discontinued operations:

Operating income $610,000
Loss on disposal ($395,000)
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Income from discontinued operations $161,250

Net income $1,278,750

Explanation:

Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.

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3 years ago