Answer: Product excellence
Explanation: In simple words, product excellence refers to providing the right product in the market so that the satisfaction of customer could be maximized. This could be achieved when the organisation have a clear insight of customers needs and preference.
Making customers happy will always result in the competitive advantage for the firm and product excellence is the way of doing so.
Hence from the above we can conclude that the correct option is D.
Answer:
Please find the complete solution in the attached file.
Explanation:
Answer:
Group boycott
Explanation:
Group boycott is when competitors agree to not buy or sell to a supplier or customer or do it only under certain conditions. According to this, the answer is that the strategy is called group boycott because the CEOs of the two companies agree not to work with the manufacturer.
Gross profits is defined as the total profit generated minus the costs of goods sold, that is, gross profit = sales - costs of goods sold.
From the question given,
Net sale = $ 100,000
Costs of goods sold = $ 70,000
Gross profit = $100,000 - $70,000 = $30,000.
Thus, the gross profit is $30,000.
Operating expenses is not directly involved in the production process that is why it is not used in the calculation of gross profit. But the operating cost will be involved in the calculation if we are asked to calculate the NET PROFIT.
