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Nata [24]
4 years ago
5

One of the competitive dimensions that form the competitive position of a company when planning their strategies is making the b

est trade-off. Group of answer choices True False
Business
2 answers:
horrorfan [7]4 years ago
4 0

Answer:

False

Explanation:

The five basic competitive dimensions are cost, quality, time, flexibility and innovation. If the company has greater control over these five thing, then it is more inclined towards the competitive advantage. Furthermore, the best trade off doesn't forms part of strategies that constitutes to competitive advantage.

MakcuM [25]4 years ago
3 0

Answer:

The statement is: False.

Explanation:

A competitive advantage is that one a firm has over its competitors. There are two different types of competitive advantage: comparative advantage refers to the ability of a business to manufacture a good or service at a lower cost; differential advantage is attributed to businesses when their goods or services are distinct from rivals because of certain unique features.

Thus, <em>making optimal trade-offs has nothing to do with the competitive advantage of a firm.</em>

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vfiekz [6]
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2.The fees charged for late payment.
3. The annual percentage rate for the card.
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4 0
3 years ago
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The process of planning, collecting, and analyzing data relevant to a marketing decision is called?
mixas84 [53]

The process of planning, collecting, and analyzing data relevant to a marketing decision is called Marketing research.

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This kind of research can be carried out internally, by the business itself, or by an outside market research firm. Surveys, product testing, and focus groups are all viable methods. Typically, test subjects receive free product samples or a small stipend in exchange for their time. The development of a new product or service requires extensive research and development (R&D).

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4 0
2 years ago
Accountants and Economists differ in their calculations of profits in that; a. ​economists consider sunk costs b. ​accountants c
zysi [14]

Answer:

The correct answer is letter "C": ​accountants consider explicit costs only.

Explanation:

Explicit costs are those necessary for the operations of the company such as wages, rent or raw materials. Implicit costs are the opportunity costs companies as a result of giving up factors such as purchases or qualified employee hires.

<em>The </em>accounting profit<em> of a company is calculated by subtracting the explicit costs from the firm's total revenue. The </em>economic profit<em> is computed by subtracting the result of adding the explicit and implicit costs from the company's total revenue.</em>

4 0
3 years ago
Jacob, a customer service representative for ab retailers, has seven levels of management between himself and the company's ceo.
Nana76 [90]
Compared to YZ, who has only four levels of management between her and the company CEO,  Jacob has seven levels of management between himself and the company's CEO's, which means that Jacob's company has tall type of organizational structure. The tall organizational structure is characterized with CEO at the top and multiple levels of management.
5 0
3 years ago
Identify which of the following lists of accounts would belong on the statement of retained earnings.
mel-nik [20]

Answer:

B. Retained earnings and Dividends

Explanation:

Retained earnings can be defined as the amount of a business’s profits or net income which isn't distributed to shareholders as dividends but are rather reserved so that it can be reinvested subsequently into the business.

Simply stated, retained earnings of an organization is the profit or net income remaining after paying the shareholders their dividends, which can then be reinvested into the business again. These earnings can be used for fixed or capital expenditures such as buying a new equipment, servicing debt profile, researching and development of the company's products.

A statement of retained earnings is a financial document which is usually prepared by an organization for use by the public such as investors, lenders and creditors. Hence, the statement of retained earnings are typically recorded under the shareholder's equity in order to represent the relationship between the balance sheet and income statement. Also, it is important and required that the statement of retained earnings is prepared in accordance with the Generally Accepted Accounting Principles (GAAP).

The following lists of accounts would belong on the statement of retained earnings;

1. Retained earnings: an amount of money left as profits or accumulated net income.

2. Dividends: an amount of money being paid to shareholders from an organization's net income or profit.

5 0
4 years ago
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