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MatroZZZ [7]
3 years ago
7

What information about the competition would an entrepreneur want to open a house-cleaning business that was based upon a price-

competition marketing strategy? Create an example of a promotion that could help a new business gain a competitive edge in this market.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
4 0

Answer:

Firstly, he would have to research what price the competitors are charging, the cleaning products they are using and, if possible, what kind of cleaning method their cleaners are using. With that in mind, we would compare to his cost and know if his service is cheaper or more expensive than the market average. To minimize costs he could, for example, buy cheaper cleaning products or researching cleaning methods that use fewer chemicals. To differentiate himself, gaining a competitive edge in this market, he could offer as well a service of doing groceries for the house, giving that the majority of consumers that hire cleaning services work all the time and don’t have time to go to the market. Or he could advertise that he uses eco-friendly cleaning products, showing that his business cares about the environment.  

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Rebecca, a department manager, has been dealing with two workers in her department who do not get along. due to family problems
Lerok [7]
<span>Rebecca is enacting the managerial role of mediator. By having both parties in the conflict meet to discuss the issue, Rebecca is hoping to resolve the conflict by having them talk things out in her presence while she unemotionally guides the discussion and make sure it stays on task.</span>
5 0
3 years ago
Which financial statement is considered a link between the income statement and balance sheet?
joja [24]

Statement of owners equity is considered a link between the income statement and balance sheet. I think thats the answer your looking for

6 0
3 years ago
A company is considering two investment projects. If they use the total project approach and the differential approach, both app
nikklg [1K]

Answer:

d

Explanation:

The question needs more detail to be answered...at least by me:-(

5 0
3 years ago
Read 2 more answers
If you receive a ticket to a concert at no charge, what, if anything, is your opportunity cost of attending the concert?
spin [16.1K]

Answer:

The opportunity cost of attending the concert=$0

Explanation:

An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.

The opportunity cost can be Determined using the following expression;

OC=FO-CO

where;

OC=opportunity cost

FO=return on best forgone option

CO=return on chosen option

Since in our case, the forgone option was not attending the concert, the cost would be=0

Also since the chosen option was the ticket at no charge, the cost would be=0

In our case;

OC=unknown

FO=0

CO=0

replacing;

OC=0-0=0

The opportunity cost of attending the concert=$0

7 0
3 years ago
As a financial analyst, you are tasked with evaluating a capital-budgeting project. You were instructed to use the IRR method, a
Vilka [71]

Answer: 9.25%

Explanation:

The Capital Asset Pricing Model (CAPM) can be used to find the expected return of a project which is another term for the hurdle rate. This can then be used in the IRR method.

Formula is;

Hurdle Rate = Risk free rate + Beta( Market rate of return - risk free rate)

Hurdle Rate = 4% + 0.75( 11% - 4%)

Hurdle Rate = 4% + 5.25%

Hurdle Rate = 9.25%

7 0
3 years ago
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