Answer:
B) Focusing on a more narrowly defined segment and "outfocusing" the focuser.
Explanation:
Ikea is a cost leader, but it also focuses on offering differentiated features that appeal to its target market (young buyers interested in stylish furniture at low cost), like unique designs, extended hours, playrooms for customers' children, etc.
So if another firm wants to beat Ikea at its own game, it must offer similar but better services and products by focusing on Ikea's strengths and beating them on their own game.
If only one airline serves a town, the <em>question </em>of whether a monopoly exists is:
Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly
It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a <em>lack of competition</em> for competitive prices.
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Answer: idle production capacity
Explanation:
Idle capacity refers to the remaining amount of capacity that is left in a company when both the productive and the protective capacity have been removed from consideration.
Since the plane has a capacity of 120 passengers but he has averaged only 24 passengers, a load factor of 20 percent. Once the plane takes off, the other 96 seats generate no sales and profits to the airline for that flight, then the unique aspect of services does this situation describe idle production capacity.
An increase in the interest rate increases the opportunity cost of holding money and leads to a reduction in the quantity of money demanded
<h3>What is
opportunity cost ?</h3>
The opportunity cost of a particular activity option in microeconomic theory is the loss of value or benefit that would be incurred by engaging in that activity, as opposed to engaging in an alternative activity that offers a higher return in value or benefit.
The value of the next best alternative or option is referred to as the opportunity cost. This value may or may not be monetary. Value can also be measured using other criteria such as time or satisfaction. One formula for calculating opportunity costs could be the ratio of what you give up to what you gain.
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Answer:
D. Debit to Dividends Payable.
Explanation:
The first thing we have to keep in mind is that dividends are liabilities, that is, they represent cash outflows for the corporation. In the example, we can distinguish two moments: the declaration of a cash dividend and its effective distribution. Next, we will analyze them from an accounting point of view:
- On July 15, 2014, Benson Company declared a cash dividend. In accounting terms, on that day the “Retained Earnings” account was debited. Remember that this account is the one that records the profits that the company has obtained to date. So, what was done was to <em>subtract</em> that part that is to be distributed among stockholders. This amount is then transferred to a current liability account called “Dividends Payable”. In this case, money was <em>added</em>, therefore, the account was credited.
- On August 15 dividends were distributed. That day, the "Dividends Payable" account was debited, or, in other words, its money was <em>discounted</em>, because it is now in the hands of shareholders.
