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4 years ago

If a firm has a service that is valuable, rare, and costly-to-imitate, but a substitute exists for the service, the firm will

Business

1 answer:

Natalka [10]4 years ago

8 0

Answer: the firm will have a temporary competitive advantage

Explanation: The firm in question would have a temporary competitive advantage. Competitive advantage describes something that places a company or business or a person above the competition such as value, rarity, difficult/costly-to-imitate amongst others. However, where a substitute is already in existence for such service, then the firm would have a temporary competitive advantage.

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Devon is in the market for a new car. After having done her research, she has determined that the Jeep Grand Cherokee is the bes

nekit [7.7K]

Answer:

D) Lifestyle

Explanation:

Lifestyle can mean way of life or habit. Devon enjoys outdoor recreational activities, this can be described as her way of life, thus, her lifestyle.

If she was influenced by her occupation, she would have considered what she does before buying her car.

If she was influenced by her age, she would have considered her age when buying the car.

If she was influenced by her economic situation, she would have considered money and if the car is too expensive or cheap when buying the car.

I hope my answer helps you

4 0

3 years ago

Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures fo

LUCKY_DIMON [66]

Answer:c. pierce the corporate veil due to the failure to hold required corporation meetings.

Explanation:Corporation is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity.

8 0

3 years ago

After Elizabeth’s son proposes to his girlfriend, she tells her that she will be passing on the family heirloom (a diamond neckl

Semmy [17]

Option:

Yes, Elizabeth clearly wanted the fiancée to take possession of the necklace and earrings.

Yes, as a gift beneficiary, the fiancée can sue the estate for possession of the necklace and the earrings.

No, Elizabeth died before she could deliver the gift to the fiancée, therefore, the gift fails.

No, the fiancée gave no consideration; hence she cannot enforce the gift.

Answer:

No, Elizabeth died before she could deliver the gift to the fiancée, therefore, the gift fails.

Explanation: For a gift to be binding it must possess three main characteristics which includes

(1) The intention to give the gift by the donor

(2) The transfer or giving of the gift to the donee

(3) The acceptance of the gift by the donee.

A PROMISE TO GIVE SOMEONE A GIFT THAT DOES NOT POSSESS THESE CHARACTERS IS CONSIDERED MEANINGLESS)IT IS OF NO LEGAL VALUE AND CAN NIT BE ENFORCED BY THE COURTS.

7 0

4 years ago

Suppose that GDP was $250 billion in year 1 and that all other components of expenditures remained the same in year 2 except tha

nika2105 [10]

Answer:

$265 billion

Explanation:

The computation of the GDP in year 2 is shown below:

= GDP in year 1 + increase in the business inventories

= $250 billion + $15 billion

= $265 billion

We simply added the GDP in year 1 with the increase in the business inventories so that the GDP in year 2 could come

6 0

3 years ago

Cullumber Company has a unit selling price of $650, variable costs per unit of $450, and fixed costs of $319,800. Compute the br

saveliy_v [14]

Answer:

(a)

Mathematical Equation for break-even

F = QP - QV

Where

F = fixed cost

Q = Break-even quantity

P = Selling price

V = Variable cost

F = Q ( P - V )

Q = F / ( P - V )

Q = $319,800 / ( $650 - $450 )

Q = $319,800 / $200

Q = 1,599 units

(b)

Contribution Margin = Price per unit - Variable cost per unit

Contribution Margin = $650 - $450 = $200

Break-even Point in Units = Fixed Cost / Contribution margin per unit

Break-even Point in Units = $319,800 / $200 = 1,599 units

Explanation:

Mathematical equation use the the break-even equation which represent the behavior of each element towards the break-even point.

Contribution per unit method use the contribution of each unit to calculate the break-even point.

4 0

3 years ago