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Daniel [21]
4 years ago
13

explain how you will address each area of competition to help make your business successful against this competitor.

Business
1 answer:
Aneli [31]4 years ago
8 0

Answer:

There are a few number of things that a businessman should always keep in mind to make his business flourish in the near future. The more competitive a business person is, the easier and faster success he gets.

Explanation:

The list of points that a businessman should follow is as follows:

1. It is necessary to keep a track on your competitor's product value, or the selling price of the same. Keeping this thing in track helps you to determine or set your product's selling price so that the consumers don't find them to be too expensive or cheap.

2. You need to be enough self motivated so that a little loss doesn't make you  lose your confidence.

3. It is always advised to discuss your business aspects with an experienced one to take the perfect decision at the right time.

4. Being self-aware is a must while running a business. Don't trust anyone blindly. In case if your rivals are trying to make you lagging behind, you need to use your creative business mind to deal your customers.

5. Prioritizing the customer's needs and maintaining the quality is utmost important.

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For the purpose of allocating the transaction price to multiple performance obligations, if a stand-alone selling price cannot be directly observed, the seller should  estimate the stand alone price by seeing all the things that maximizes the use of observable inputs.

Seller must apply different estimation methods which are consistent to  similar circumstances of the not availability of stand alone price.

Different  methods which can be used for estimating the stand-alone selling price of a good or service include the following:

Expected cost plus margin

Adjusted market assessment

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4 0
2 years ago
What is the purpose of the depreciation adjustment for long-lived assets?.
Liono4ka [1.6K]

Answer: It is done so that it can match the ongoing use of the asset with the economic benefits derived from it.

Explanation:

3 0
2 years ago
A down payment is:
Talja [164]

Answer:

C

Explanation:

Down payment is something that you pay upfront before getting anything.

7 0
2 years ago
provide the algebraic equation for the monthly aggregate production rate (apr, using si, ei, d1, d2, d3, d4, d5, and m as variab
Paha777 [63]

Forecasting Methods
Financial analysts utilize four basic types of forecasting techniques to project future sales, costs, and investment costs for a company. Although there are many commonly used quantitative budget forecasting tools, in this article we concentrate on the top four techniques: Straight-line, moving average, simple linear regression, multiple linear regression, and straight-line.

Main Content
You are aware that there are 150 units in stock at the moment (beginning inventory = SI), and ABC's marketing manager predicts that demand for the motor will be 240, 225, 265, 270, 260, and 275 units over the course of the following six months (M = 6). (D1, D2, D3, D4, and D5 respectively).

In six months, you wish to have 50 units in stock (ending inventory = EI) and have decided that you want to lower the average inventory level of various goods, including this one.

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4 0
2 years ago
An epidemiologic experiment is performed in which one group is exposed to a suspected factor and the other is not. All individua
DedPeter [7]

Answer:

d. improve the likelihood that the two groups will be comparable with regard to known and unknown confounding factors.

Explanation:

<u>Epidemiology is the term that is used to define a study in which the study is done on a defined population for the health related issues, that is about answering the who, when and where related to this study.</u>

In this given question also the experiment focuses on developing two different groups to understand and conduct the study and analysis properly, based on the suspected factor and how they react to it.

Thus, it will lead to compare the groups in order to make the analysis efficient keeping constant factors.

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