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lbvjy [14]
3 years ago
13

Calvin knew his small local hardware store could not compete on price with the big-box discounters so he began offering classes

for new homeowners and found other ways to provide services the bigger stores don't. Calvin's competitive edge is:
Business
1 answer:
Dafna1 [17]3 years ago
3 0

Answer:

Customer focus

Explanation:

Customer focus is a business philosophy that places the customer at the center of all business development and management decisions. It is a marketing approach also, that involves products and services to be developed around consumer’s preferences.

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The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's Genera
Svetradugi [14.3K]

Answer:

$38,000

Explanation:

Based on the information given we were told that the City General Fund balance sheet for the month of December 31, 2019 shows that inventory had the amount of $28,000 while prepaid rent has the amount of $10,000 which means that the amount of money that city will report as NOSPENDABLE fund balance in their general fund on December 31,2019 will be $38,000 calculated as ($28,000+$10,000).

4 0
3 years ago
Which method of entering international markets generally involves the least risk?
Alex17521 [72]

Answer:

<em>Exports</em>: Exporting your products directly to the international market is the least riskiest methods for the organisations in going global and reaching international customers.

Explanation:

Why organisation goes in the international markets

An organisation enters in the international market to expand its operations, increase its sales, consequently, increase profits.

Possible available methods to enter international markets

There are many possible methods available by which an organisation can enter in the international Markets, which are manifested below:

1: Exporting your own products to international market

In this method, an organisation produce their own products locally in their own premises and factories and start sending and selling them to the other markets worldwide.  

2: Hiring agents in the international market or having contracts with them

In this method, an organisation tries going international by contacting some foreign agents. Afterwards, it depends whether to hire them temporarily or permanently, or to have some mutual contract with them for selling their products in that market. Moreover, it also depends if they want to get their product manufactured in that country or not.

3: Going global by Franchising/Licencing, Strategic Alliance, Joint Venture or opening Foreign Subsidiary directly.

Here, organisation goes global by giving the exclusive rights of producing its products, using its brand name and selling them in the foreign market, by franchising/licencing. (Franchising is purely a term used for the companies who deal with the products which also needs to be manufactured, whereas, Licencing is used for the service organisation)

In strategic alliance, an organisation joins hands with other foreign organisation(s) and become business partners to achieve some agreed upon results while remaining independent entities.

In Joint venture organisations create a totally new company by pooling their resources, capabilities and expertise sharing all the profits and risks.

In Foreign subsidiary, an organisation from the local country, set up its an entirely new unit, premises and operational facilities there in the foreign country by utilizing its own resources.

Which Method is the least Riskiest and why?

As it has been manifested above that what each method entails, and what is required in each method. Exporting your goods directly from your country to the international market by having them manufactured locally is the last riskiest because you have control of your own operations, products, manufacturing facilities, quality, furthermore, no additional investment is needed to look after your foreign operations at all, therefore, much less risk is involved here in <u>exporting</u> as compared to the all other available methods.  

3 0
3 years ago
A command economy is an economic system in which the central government makes all decisions on the production and consumption of
topjm [15]
True

gib 10 points please
6 0
3 years ago
Concord Corporation can produce 100 units of a component part with the following costs: Direct Materials $21000 Direct Labor 550
Marina86 [1]

Answer:

If Concord Corporation purchase from outside it total cost will increase by $4500.

Explanation:

Cost of producing the units using current production:

Direct Material Cost                  $21000

Direct Labour Cost                     $5500

Variable Overhead Cost            $19000

Total Cost of Production           $45500

So, Purchase cost minus production cost

Gives $50000 - $45500 increase in cost purchase over production by $4500

Note:

Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.

4 0
3 years ago
One way of reducing fall hazard is to keep floors clean and dry.what else can be done to reduce the hazard?
steposvetlana [31]

keep people out of the area that is wet if possibile

8 0
3 years ago
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