Answer:
Resource Immobility
Explanation:
A critical assumption of the resource-based model—resource immobility—is that resources tend to be "sticky" and don't move easily from firm to firm. Because of that stickiness, the resource differences that exist between firms are difficult to replicate and, therefore, can last for a long time
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Answer:
Explanation:
a. Should he make the exchange?
Brett Produces almonds = 1050 tons
Owner of walnut produces = 774 tons
Market Price almond = $103 per ton
Market Price of walnuts = $114 per ton
Therefore
The market value of the almond crop = (1050 tons) x ($103)
= $108,150
The market value of the walnut crop = (774 tons) x ($ 114)
= $88,236
He should not make the exchange since the price of almond is high than walnuts
b. Does it matter whether he prefers almonds or walnuts?
Why or why not?
No. His preference is irrelevant to the value of the crops.
Is the above statement true or false? True
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Answer:
Break-even sales in dollar value = $10,667
Explanation:
Since the company's operating income is $0, the company makes no profit and no loss. Therefore, the company's total sales is equal to total expenses. It means the company is in break-even point. However, as the variable expense is not given, we have to use contribution margin ratio to calculate the break-even sales.
We know,
Break-even sales in dollar value = Fixed expenses ÷ Contribution margin ratio
Given,
Contribution margin ratio = 45%
Fixed expenses = $4,800
Putting the values into the above formula, we can get,
Break-even sales in dollar value = $4,800 ÷ 45%
Break-even sales in dollar value = $10,667
