Answer:
Competitive Advantage refers to those attributes which makes a company's products stand out in the market against those of it's competitors and helps it gain a competitive edge.
Managers usually use the following four tools to analyze competitive intelligence to develop competitive advantages:
- Michael Porter's generic strategies
- Michael Porter's five forces model
- Value Chain analysis which aims to identify the value added at each level of production and assign extra importance to those stages which contribute immensely to a product's value.
- SWOT Analysis which is strengths weaknesses opportunities and threats. To maximize strengths, identify and limit weaknesses, sense and grab opportunities and minimize or avoid threats.
Answer:
e. Debit Petty Cash $50 Credit Cash $ 50
Explanation:
The entry on October 01 is to reflect the increase in Petty Cash from $ 250 to $ 300. i.e the incremental effect is only $ 50. This is because for the regular replenishment that was done on September 30, the following entry would have been recorded:
Petty Cash - Debit $ 232
Cash - Credit $ 232
The entry for recording the petty cash expenses would be as follows;
Office Supplies expense debit $ 73
Merchandise Inventory debit $ 137
Miscellaneous expenses debit $ 22
Petty Cash credit $ 232
Answer:
a. selling identical items.
Explanation:
A pure competition market is characterized by many firms selling a homogeneous product in a market with many buyers. There are no dominant suppliers; hence no single or group of sellers can influence the price. Pure competition is also the perfect competition.
The key characteristics of pure competition are
- There are many buyers and sellers
- All firms sell an identical product
- All sellers are price takers. None can influence prices
- There is intense competition due to the high number of sellers
- Ease of entry and exit from the market.
Explanation:
Problem 1: Unable to score high
During my middle school, I couldn't understand the concept properly, so I started memorizing, remember half and forgot half, so got only 50%.
Later on I understood the fact that I have to imagine and understand when the teacher teaches, and then I reached 90% in my high school.
Problem 2: Missed to make first impression
I starts to understand and progress slowly in my career path. I couldn't identify the reason though I am so skilled.
Finally I analyzed and found that I missed to make "my first impression". So after doing that, the career growth was drastic.
Problem 3: Decision making
Once I dropped my profession due to various reasons, I don't know where to move next. I was stuck.
Later on, I found that, I am good business man and started growing well.
Honestly not really unless youre into match or something like that but match is basically just a app that most people use to find casual sex.
