Answer:
C. Cost leadership strategy
Explanation:
Cost leadership strategy involves creating a competitive advantage in an industry by having the lowest cost of production in that industry. It involves selling similar product as your competitors at lower prices because of lower cost of production. Efficiencies in production are increased to reduce cost of production below the industry average. In this case, Contour Autos by selling acceptable quality vehicles at lower price due to the company's large scale production which increases efficiency and reduces cost is practicing cost leadership strategy.
Answer:
The answer is: E) $5.30
Explanation:
The first 500 cups are sold at $10.50 per cup.
Then cups 501 to 1,000 are sold at $10.25 per cup.
Cups 1,001 and beyond are sold at $10 per cup.
The cost of producing one cup of coffee is $4.70 regardless of how many cups are produced.
The 1,125th cup will be sold at $10 and cost $4.70, the marginal revenue is $5.30.
Answer:
True
Explanation:
Lean systems have one focus, to maximize customer value. It is an approach in business where lean methods or principles are applied to plan, measure work done, manage and prioritize.
In a lean system, it is important to identify excess inventory or capacity, because it hides problem of wasted resources.
I guess the correct answer is business acumen.
Jacob is the human resource manager at Platinum Corp. He clearly understands the company's strategy. He has a solid understanding of business principles, and he applies these to help the HR department contribute to Platinum's success. This scenario indicates that Jacob has competency in the area of business acumen.
Answer:
Explanation:
The journal entries are shown below:
1. Petty cash A/c $1,100
To Cash A/c $1, 100
(Being the petty cash fund is established)
2. Office supplies A/c Dr $614
Miscellaneous selling expense A/c Dr $200
Miscellaneous administrative expense A/c Dr $145
Cash short and over A/c $26
To Petty cash A/c $985
(Being the expenses are recorded)
The Cash short and over is computed below:
= $1,100 - $115- $614 - $200 - $145
= $26
