Food Well is pursuing a Focus differentiation strategy.
<h3>What is Focus differentiation?</h3>
This is known to be a method used in competitive advantage where a firm tries to outperform its rivals through the act of offering a product that is seen by consumers to be superior to that of competitors even if its price is higher.
It is known to be used in adopting a differentiation focus strategy. Here, the firm is based on narrow market coverage, and others.
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Supplies that are not used immediately are recorded as an asset when purchased. Supplies are various items belonging to the company that have consumable properties, or can be used many times. In general, various items that are included in the equipment or supplies have a shape that tends to be smaller and has the aim of completing the company's needs.
Supplies are divided into two things, which is:
1. Office supplies or office supplies are various items that are needed to carry out various office activities, such as paper, pens, pencils, erasers, rulers, pencil sharpeners and various other stationery.
2. Factory equipment or factory supplies are various items needed to carry out activities in the factory. A simple example is a variety of equipment to be able to maintain and clean production machinery equipment.
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Answer:
There is no contract since both Helen and Garth made a mutual mistake.
In contract law, a mutual mistake occurs when all the parties involved (Helen and Garth) are mistaken about important material facts that affect the contract (which ATV is being sold). The parties intend to perform but what they consider being part of the contract is not what the other party considers part of the contract. When both parties make a mutual mistake, the contract is cancelled.
Mutual mistakes are not on purpose, they are mistakes committed in good faith.
Answer:
nondurable and consumer goods
Explanation:
Nondurable goods are affected by scarcity because their time life is limited. For example, if the capital goods required for its transportation or conservation of ice cream broke down, the product would ruin very easily.
Consumer goods are generally mass consumed. For example clothes are consumed by most of us during the year, but most of them are imported nowadays. Any trade barrier that delayed their supply would cause a rapid shortage.
Answer: Opportunity cost
Explanation:
From the question, we are informed that Joe sold gold coins for $1000 that he bought a year ago for $1000 and he said that at least he didn't lose any money on my financial investment.
We are further told that his economist friend points out that in effect he did lose money, because he could have received a 3 percent return on the $1000 if he had bought a bank certificate of deposit instead of the coins.
This is a concept of opportunity cost. Opportunity cost is what one forgoes when one makes a different choice. The opportunity cost in this case is the bank certificate of deposit.
