Answer:
Differentiation strategy
Explanation:
This question defines the differentiation strategy. It is an approach which businesses develop whereby they provide their customers with unique and different goods and services than what other competing firms may have to offer in the market. The main goal is to have an advantage increase in the market compared to others.
Answer:
Doug, the manager, referred to Data Science.
Explanation:
Data Science is a concept: high-end technology to statistics to make the analysis, management and understanding of both structured and unstructured data easier. Data science is applied to many fields, mostly to support the decision making. The person who conducts data science is called data scientist.
Answer:
$318,400
Explanation:
Cost of Goods Sold $325,000
Less: Inventory Opening January 1 ( $ 31,800)
Add;Closing Inventory $25,200
Cost of Goods Manufactured $318,400
The cost of goods sold are found out by adding opening stock and deducting closing stock from cost of goods manufactured.
In the given scenario we had to follow reverse order to reach out at amount of cost of goods manufactured.
Answer:
A) Implementing the change quickly.
Explanation:
The company's controller is basically the chief accountant of the company. In this case, he/she is trying to focus on lowering costs and suggest a formal budgeting process might help. This is an essential thing that should have been done before, probably since the company started operating.
When essential and important activities are not carried out within a company, and suddenly someone realizes that it must be done, it may be seen as something bad. E.g. if it was really so important, why was it never done before?
As all important things, they cannot be rushed, and they have to be done with the largest possible support within the organization. This includes both management (who will feel pressured) and employers (who might believe it is a way to determine who should be fired).
