Answer:
$685
Explanation:
Data provided in the question:
Cost of inventory at the beginning of the year = $210
Cost of merchandise purchased = $635
Inventory at the end of the year = $160
Now,
cost of goods sold for the year
= Beginning inventory + Cost of merchandise purchased - Ending inventory
or
Cost of goods sold for the year = $210 + $635 - $160
or
Cost of goods sold for the year = $685
If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally stake out a unique position within the industry, which is achieved through creating value for stakeholders.
<h3>How a company creates value</h3>
The value in companies is related to a series of integrated factors that lead a company to be well positioned in the market, such as quality, service, satisfaction of consumer needs and desires and social responsibility.
Therefore, it is essential that a company's strategy is focused on generating value both in the micro and in its macro environment, in order to be better positioned and competitive in the market.
The correct alternative is:
c. stake out a unique position within the industry.
Find out more about competitive advantage here:
brainly.com/question/893846
Answer:
A decrease in demand leads to a decrease in supply.
A decrease in price leads to a decrease in supply.
An increase in price leads to an increase in supply.
Explanation:
Supply refers to the volume of a product that sellers are willing to sell in the market at a given price. As per the law of supply, a higher price motivates sellers to avail more products in the markets. Sellers or suppliers are businesses and are motivated by higher profits. When prices are high, the profit margin will be high, which is an incentive for increased supply. Lower prices have lower margins, which is a risk to a business. Low prices result in reduced prices.
Supply is influenced by demand. If supply does not match demand, there will be either a shortage or excess supply in the market. When demand is low, sellers will reduce supply to avoid losses associated with excess supply .
Answer:
C. Increase
Explanation:
A bustling economy will make individuals want to take advantage of the opportunity. It’s however normal for prices of a good or service to increase when there is a huge demand for it.
In this case there was a boom in the economy which means the price of the shares he owns in the company will increase.
