Competitiveness A company's ability to maintain and gain market share in its industry.
<h3>What is
Competitiveness ?</h3>
Competitiveness is defined as an organization's capacity to execute its objective more successfully than competitor organizations' goods. The law of supply and demand tends to balance markets.
In the instance of business competitiveness, we can describe it as an organization's capacity to provide goods or services with a favorable quality-price ratio that ensures strong profitability while gaining client preference over competitors. Competitiveness ensures the company's long-term viability.
Competitiveness, as a motivator that motivates people to work hard, promotes personal development. Because such people do not want to be left behind in competition, they have an inner drive to study more, work more, and always improve on what they know or have.
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Answer: A)
Explanation: A consignment shop sells used goods.
Answer: In broad terms, corporate communication is the practice of creating, fostering, and maintaining a consistent brand image and identity. Effective corporate communication helps you mold a company image that promotes internal loyalty while also creating loyal external customers.
Answer:
The net income will be decreased by $410,000.
Explanation:
Net Income: The resultant amount after reducing all expenses of the company whether direct or indirect for the period from all revenues is termed as net income.
Sales: Sale of any goods or services can be made on a cash or credit basis. The amount receivable on sale can either be received immediately in cash or such a payment can be received at some future date. In case of sale is being made on a credit basis the company maintains an account of such customer in its books as Debtor or Accounts Receivable.
Expenses: It is the amount incurred by the organization to generate revenue. It is shown in the income statement as the debit side.
Variable cost: This is the cost which directly varies with a change in sales. It means to increase/ decrease in sales revenue will have a direct effect on variable cost. There is a linear relation between sales and variable cost.
This cost remains fixed per unit but changes in totality. Examples of variable cost are the cost of raw material purchased, direct wages, etc.
Fixed Costs: It is the cost that remains the same irrespective of the level of production in the firm. It remains constant throughout the production. It is a part of the total cost to run a business along with the variable cost.
Contribution Margin: It represents the excess of sales over its variable cost. It judges whether the company is able to cover its variable cost and contributes towards the fixed cost .The net income will be decreased by $410000 decrease
Answer: Option D
Explanation: Low turnover means that in a given period, an organization has a relatively small number of worker leave compared to the workers recruited or retained at the beginning of that time span.
Company turnover data, generally calculated on a yearly basis as a percentage of total workers, provides an insight into the success of recruiting and retention.
A low turnover of workers is a common long-term goal for a company and its human capital system. High turnover is costly and leads to many of an organization's drawbacks.
Hence from the above we can conclude that the correct option is D.
