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2 years ago

Explain how firms/businesses compete without lowering their prices

1 answer:

6 0

There are several ways a firm can compete without lowering their prices and they all involve differentiating themselves from competition. This is done by:

having a product with actual physical differences (samsung and Apple phones compete because they are similar but ultimately have different features)
Providing better service: there may be 100 dry cleaners in your city, but if one always makes sure your clothes are perfect and treats you like a valued customer you will go to them even if they don't cut prices.
Advertising - ads will increase the recognition of the brand and help it stand out in the marketplace without having to attract customers by dropping the price

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What do you think when will the lookdown open in nepal and india ?

zloy xaker [14]

Answer:

maybe August

Explanation:

school opens in August, so, maybe then?

Hope you have a great day

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2 years ago

Which NIMS Management Characteristic involves using standardized names and definitions for major organizational functions and un

mylen [45]

Answer:

The correct answer is c) Common Terminology

Explanation:

NIMS establishes a common terminology to work cooperatively with other organizations in some emergency scenarios, this is used to avoid confusion.

The common terminology usually is implemented in Organizational Functions (named by standard names), Resource Descriptions (named by capabilities) and Incident Facilities (common terms for clarity in an incident)

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2 years ago

Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During

strojnjashka [21]

Answer:

Underapplied overhead= $109,500

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 525,000 / 150,000

Predetermined manufacturing overhead rate= $3.5 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*135,000

Allocated MOH= $472,500

Finally, the under/over applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 582,000 - 472,500

Underapplied overhead= $109,500

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2 years ago

Following high-profile corporate scandals including Enron and WorldCom, Congress

Bogdan [553]

Answer:

Following high-profile corporate scandals including Enron and WorldCom, Congress

passed a set of legislations known as the Sarbanes-Oxley Act which requires the

disclosure of the presence or absence of a Code of Ethics for senior financial officers.

Explanation:

The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices.

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2 years ago

How do markets influence Industry? Thanks in advance ~

nata0808 [166]

Answer:

The market influences are the broad factors that affect the economy, industry, and companies as a whole. These factors affect the operations and profitability of the companies in a given economic region. Businesses analyze these factors before making an investment within a country or a region.

Explanation:

hope this helps if not let me know have a blessed day

6 0

1 year ago

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