Answer
An SWOT analysis system
Explanation
To avoid reinventing the wheel will involve <em>learning from the last time, examining wins and losses, developing a new plan, and recording the gains and losses on the way</em>. <u>The SWOT analysis system is an exercise to use in identifying areas in the company that are working and those that are failing. </u>The results obtained from the SWOT analysis can be used to design the new goals the company wants to reach and come up with a plan of action.
Answer:
$75000
Explanation: Raw mateirals can be defined as the basic material from which product is manufactured. These are the materials used in the primary stage of production process.
.
Raw material used is the amount of raw material consumed or used by the entity in the specific period, generally, one year.
.
raw material used = begining raw material + raw material purchased - ending raw material
therefore,
raw material used = $40,000 + $65,000 - $30,000
= $75,000
Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.
Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.
Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.
To know more about monopoly/oligopoly here-
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Answer:
Perceived quality
Explanation:
Perceive quality can be defined as the perception of a customer about the greater quality of a product as against other alternatives of the product in the market and its purpose of production.
Simply put, perceived quality is defined as the superiority of a product by a customer in comparison with other alternatives in the market.
This perceived quality ensures that a product can be highly priced since it has the edge over other alternatives and as such customers will still pay to have it regardless of the price.
From the above question, DBM beverages as a result of perceived quality is able to charge a premium price for its products because its products are certified to have a greater quality compared to its alternatives.
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Answer:
I believe it is C. If not, it may be D.
Explanation: