In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and other stakeholders at the top of the organizational hierarchy. when this occurs, the firm shifts its focus from transactions to relationships, and from competitions to collaboration.

Customer are considered to be king in the current open market condition, where seller are trying every bit to attract more and more customer. When a firm possesses capabilities that allow it to serve customers' needs better than the competition, the firm is said to have competitive advantage, however, this lead to shift of focus from transaction to relation building with customer to gain profit in long run and it does not focus only on competition but look for collaboration with customer to gain competitive advantage for future.

4 0

3 years ago

Alpine Energy Corporation has 1,500,000 shares of $40 par common stock outstanding. On August 2, Alpine Energy declared a 4% sto

Flauer [41]

Answer:

The Journal entries are as follows:

(a) On August 2,

Stock Dividends A/c (1,500,000 × $70 × 4%) Dr. 4,200,000

To Stock dividend distributable (1,500,000 × $40 × 4%) 2,400,000

To Paid in Capital in excess of par- Common stock 1,800,000

(To record the stock dividend)

(b) On September 15,

No entry required

Stock Dividend distributable A/c Dr. $2,400,000

To Common stock $2,400,000

(To record the stock dividend issued to stockholders)

6 0

3 years ago

George deposited $2,000 in his bank account, which offers 5 percent compound interest calculated annually. what would be the pri

Ymorist [56]

Answer:

$2,205

Explanation:

The amount available after two years can be calculated using the formula

A= P x ( 1 + r) ^n

where A = amount

P= principal: $2000

r = interest rate : 5%, or 0.05

n = number of compound periods: 2

A= $2000 x ( 1 + 0.05)^2

A= $2000 x1.1025

A= $2,205

Principal amount after two years = $2,205

3 0

3 years ago

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