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4 years ago

An industry that has many companies offering the same basic product, but with some slight difference is

1 answer:

6 0

An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.

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For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that ther

notka56 [123]

For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.

<h3>Reason for early sales</h3>

When a particular products meet the demand of people, there is possiblity of sales immediately after the product is release.

Hence, product should be targeted towards demand.

Therefore, For entrepreneurs, the closer the solution relates to the actual problem the customer is experiencing, the more likely that there will be immediate sales upon completion of product development.

Learn more on entrepreneur below

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3 0

2 years ago

g Suppose you deposit $1,091.00 into an account 6.00 years from today that earns 12.00%. It will be worth $1,728.00 _____ years

Usimov [2.4K]

Solution :

Initial amount is : $1091 .

Rate, r = 0.12 .

Let, amount will be $1728 in t years.

So,

$1728 = 1091( 1 + 0.12t )\\\\1 + 0.12t = \dfrac{1728}{1091}\\\\1 + 0.12t = 1.58\\\\0.12t = 0.58\\\\t = \dfrac{0.58}{0.12}\\\\t = 4.8\ years\\$

Hence, this is the required solution.

3 0

3 years ago

The cost of plant in use with Hand Sanitizer Ltd (Hand Sanitizer), a manufacturing firm on 1 st April 2018 was GH₵375,000 agains

Savatey [412]

Answer:

Hand Sanitizer Ltd

Relevant Accounts for the year ended 31st March 2019:

1. Plant Account:

Debit Balance on 1st April 2018 = GH₵375,000

Credit: Disposal of Plants on 31st December 2018 = GH₵40,500 (GH₵22,500 and GH₵18,000)

Debit: New Plants on 31st December 2018 = GH₵52,500

Debit Balance on 31st March 2019 = GH₵387,000

2. Accumulated Depreciation - Plant:

Credit Balance on 1st April 2018 = GH₵157,500

Debit: Disposal of Plants on 31st December, 2018 = GH₵27,427.10

Credit: Depreciation Expense ( 100,350 + 3,937.50) = GH₵104,287.50

Credit Balance on 31st March 2019 = GH₵234,360.40

3. Depreciation Expense:

Debit: Accumulated Depreciation for old plant GH₵100,350

Debit: Accumulated Depreciation for new plants GH₵3,937.50

Total = GH₵104,287.50

4. Disposal of Plants Account:

Debit: Plants = GH₵40,500

Credit: Accumulated Depreciation = GH₵27,427.10

Credit: Cash = GH₵16,500 (12,000 + 4,500)

Debit: Gain from Sale = GH₵3,427.10

Balance = GH₵0

Explanation:

a) Accumulated Depreciation for the disposed plants on reduced balance:

October 2015 to March 2016 for 6 months (30% of GH₵40,500 for 6 months) = GH₵6,075

March 2017 for 12 months = GH₵10,327.50

March 2018 for 12 months = GH₵7,229.25

December 2018 for 9 months = GH₵3,795.35

Total = GH₵27,427.10

b) Reduced Balance for Disposed Plants

October 2015 Cost = GH₵40,500

March 2016 less Depreciation = GH₵6,075

Reduced Balance = GH₵34,425

March 2017 less Depreciation = GH₵10,327.50

Reduced Balance = GH₵24,097.50

March 2018 less Depreciation = GH₵7,229.25

Reduced Balance = GH₵16,868.25

December 2018 less Depreciation = GH₵3,795.35

Reduced Balance = GH₵13,072.90

The depreciation charge for 2016 was for 6 months while the 2018 charge was for 9 months.

4 0

3 years ago

If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a

Sidana [21]

Option D

If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a formidable nontraditional barrier to entry referred to as a(n): first-mover advantage

<u>Explanation:</u>

The first-mover advantage commits to a benefit obtained by a company that prime proposes a commodity or service to the business. The first-mover advantage enables a company to build powerful brand recognition and product/service reliability ere other competitors.

First movers in an industry are nearly constantly supplanted by opponents that strive to gain on the first mover's success and grow market share. The limitations of first movers cover the chance of products being duplicated or enhanced upon by the opposition.

3 0

4 years ago

Which of the following is an exercise used in assessment centers where employees answer questions about their work, personal exp

uysha [10]

Answer:

<em>An interview</em>

Explanation:

An interview can be <em>described as a discussion between two or more individuals in which a individual is asked questions in order to get the answers or answers they need. </em>

It enables in creating the employee-company relationship.It enables the employee evaluate his abilities and understand where he is lacking and where he requires enhancement.

6 0

4 years ago