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Doss [256]
4 years ago
6

What is the first thing a company does when analyzing​ competitors? A. Assess the​ competitor's objectives and strategies. B. Id

entify the​ company's competitors. C. Select which competitors to attack. D. Assess​ competitor's strengths and weaknesses. E. Select which competitors to avoid.
Business
1 answer:
Cerrena [4.2K]4 years ago
7 0

Answer:

The answer is B. Identify the company's competitors

Explanation:

In any given industry, there are always different companies in the business of pleasing the same customers, and the customers will invariably continue to do business with the company that exceeds their expectations.

That being said, any company that aims to out perform its competitors and please customers the most will carry out a Competitive Analysis. This analysis is carried out in order to determine the strengths and weaknesses of a company's competitor.

The first step in a competitor analysis is to identify the company's competition, both current and potential. This identification of competition is very important, because a company in the hotel industry can not compete with a company in the transport industry.

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3 years ago
A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4
Verdich [7]

Answer:

Standard Overhead rate is $1.25 per Direct labor hours

Explanation:

Total variable cost (2000 unit * $2.50) =    $5,000

Total fixed cost                                       =    <u>$5,000</u>

Estimated Overhead cost                     =     <u>$10,000</u>

<u />

Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours

Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour

Standard Overhead rate = $10,000 / 8,000 hours

Standard Overhead rate = $1.25 per Direct labor hours

8 0
4 years ago
Multiple Choice Question The changes in the non-cash balance sheet accounts explain the differences between the ______. Multiple
Blizzard [7]

Answer: income statement and the statement of cash flows

Explanation:

8 0
2 years ago
In order to comply with DAVID Memorandum of Understanding requirements, a user must acknowledge understanding of:
a_sh-v [17]

Answer:

Acknowledge his/her understanding of criminal sanctions for unauthorized use 20

Explanation:

According to the Department of Highway Safety and Motor Vehicles Division of Motorist Services DRIVER AND VEHICLE INFORMATION DATABASE otherwise known as DAVID.

In order to comply with DAVID Memorandum of Understanding requirements, a user must acknowledge understanding of criminal sanctions for unauthorized use 20.

Also, a user must acknowledge his/her understanding of the confidentiality of information

8 0
3 years ago
A local business using testimonials in advertising can be very effective if it reaches the interest of specific demographics. Th
Korvikt [17]

Answer:

B. Unique

Explanation:

Unique demographics advertising is the scenario in which a company designs an add to reach a specific niche of the market. In this case the company is using previous client’s experiences to give their testimonials of the product.  

This technique is used almost by all big companies as a part of their selling speech.  The aim is to give trust in the product or service for future clients. usually a short video is displayed with the testimonials captioning the name and job position within the company that previously bought the good or service, this caption is a way to prevent deceive information or bogus testimonials.

5 0
3 years ago
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