The offerings of rival firms are essentially identical, standardized, commodity-like products.
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Explanation:</u></h3>
Strategy refers to the plans that are made and executed by a firm in achieving the objectives. Niche refers to the segment of customer that is being focused by a business in selling its products and services. When any company sells its products and services at a lower cost than its competitors then it will achieve success and also will survive in the market rivalry.
Differentiation refers to the process of selling the similar products at different prices to different consumers of different market. A strategy to overall low-cost provider of the industry tending to be more appealing when compared with the differentiation or best-cost or focus/market niche strategy when The offerings of rival firms are essentially identical, standardized, commodity-like products.
Answer:
Explanation:
over the next six years. The estimated residual value of the machine at the end of the sixth year is $ 49 comma 000. The machine was used for 4 comma 200 hours in 2018 and 5 comma 800 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the unitsminusofminusproduction method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
Answer:
Follows are the solution to this question:
Explanation:
In point a)
In point (b)
In point (c):
It would also be cheaper to buy a grocery from a local supermarket club because every ounce is for $0.08 while every ounce is for $0.09 in a sales club.
Answer: Economic growth is a quantitative factor while economic development is a qualitative factor.
Explanation: The increase in the output in an economy, in respect of real terms, in a particular time period which is generally a year, is called economic growth. Whereas economic development is a broad term which involves factors like living standard of the population and advancement in technology.
Economic growth can be accomplished by advancing the technology or making human capital skilled enough to perform superior activities.
Answer:
$19,000
Explanation:
Calculation to determine To attain its desired ending cash balance for March, the company needs to borrow
First step is to calculate the Actual ending cash balance
Using this formula
Actual ending cash balance = Beginning cash balance + Cash receipts −Cash disbursements
Let plug in the formula
Actual ending cash balance= $54,000 + $138,000 −$133,000
Actual ending cash balance= $59,000
Now let calculate the Amount borrowed
Using this formula
Amount borrowed = Desired ending cash balance −Actual ending cash balance
Let plug in the formula
Amount borrowed = $78,000 −$59,000
Amount borrowed= $19,000
Therefore To attain its desired ending cash balance for March, the company needs to borrow $19,000
