Answer:
The correct answer is option A ,first mover advantage.
Explanation:
First mover advantage is form of leading strategy where a firm is the first to identify the opportunities hidden in a particular industry or geography,thereby unlocking the potentials in order to improve its financial performance business-wide.
This is a form of diversification, as putting one's eggs in one basket is not a sustainable way to grow the business in the long-term.
Even though there are risks involved in been a first mover, the benefits sometimes outweigh the risks.
Answer: positive cross elasticity of demand.
Explanation: In simple words, cross elasticity refers to the degree of change in the demand of a good with respect to change in the price of another goods.
In case of substitute goods, one good can easily be used in the place of another good. Thus, if the price of one good increases the demand for its substitute good also increases.
Hence from the above we can conclude that substitute goods have positive cross elasticity.
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
The type of consumer product that this represent is: Specialty product.
<h3>What is specialty product?</h3>
A specialty product is a consumer product that a person tend to buy or purchase because the product are specially made or because the buyer like the unique features of the product.
A consumer may choose to spend heavily on a product that are more expensive or tend to buy a particular products or brand because they like the product or because the product gives them what they want.
Inconclusion the type of consumer product that this represent is: Specialty product.
Learn more about specialty product here:brainly.com/question/7062667
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $100,000
To Notes payable A/c $100,000
(Being the issuance of the note payable is recorded)
For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account
