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stealth61 [152]
4 years ago
13

Companies that stay at the forefront of technological advances in their industries are said to have_________.

Business
2 answers:
shusha [124]4 years ago
6 0

Answer:

c. first mover advantage.

Explanation:

First mover advantage is the edge a company gains by being the first to occupy a market segment by gaining technological leadership or obtaining resources early.

Usually first entrant to the market uses control of resources to gain competitive advantage similar to a monopoly

Competitors try to copy success of first mover advantage but most times the companies that have first mover advantage maintain market dominance for some time.

nydimaria [60]4 years ago
5 0

Answer:

C

Explanation:

First mover advantage tend to enjoy competitive advantage. These are firms that always at the forefront of advances in their industries. First mover advantage may be gained by early purchase of resources or by technological leadership.

First movers can be rewarded with huge profits margins if its capitalize on its advantage.

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In September, Lauren Ashley Company purchased materials costing $220,000 and incurred direct labor cost of $150,000.Overhead tot
pishuonlain [190]

Answer:

a. $230,000

b. $690,000

c.  $710,000

Explanation:

The computation is shown below:

a. Cost of direct material used = Beginning balance of raw material + purchase made - ending balance of raw material

= $140,000 + $220,000 - $130,000

= $230,000

b. Total manufacturing cost

Total manufacturing cost = cost of direct materials used + direct labor cost + overhead  cost

= $230,000 + $150,000 + $310,000

= $690,000

c. Cost of goods manufactured

Cost of goods manufactured = Beginning balance of Work in process + Manufacturing cost - Ending balance of Work in process

= $90,000 + $690,000 - $70,000

= $710,000

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3 years ago
Which of the following is an example of communicating with customers?
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Answer:

C. because customers can show up to see what's going on you can interact with them talk to them about your product/business.

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3 years ago
1. Why is it important for a restaurant to identify a specific target market?
san4es73 [151]

Answer:

1. Why is it important for a restaurant to identify a specific target market?

  • Restaurants operate on a monopolistically competitive market, that means that a lot suppliers offer differentiated products to a lot of consumers. Therefore, it is important to identify your target market in order to know who you are going to cater in your menus, and marketing activities.

2. How has the Internet made restaurant marketing cheaper and more convenient?

  • Before restaurants used to print fliers and advertise on newspapers or other mass media outlets which is really expensive. Now with the internet, marketing activities (e.g. emails) are much cheaper and faster to carry out.

3. Why are specials and promotions such effective marketing tools in today's economy?

  •  Competition has increased a lot in the past in every single industry, including restaurants, since people worry more about how they spend there money and more information is available about the different prices of restaurant menus.

4. Explain the difference between primary market research and secondary market research.

  •  Primary market data is information a company obtains by itself through some type of research study, e.g. surveys, focus groups, etc. While secondary data is information obtained by other sources, e.g. census, world atlas, etc.

5. Explain why a public relations campaign is necessary.

  • Public relations campaigns are necessary in order to keep a positive and high reputation, so that the restaurant gets positive press. Bad things go viral instantly now, and it is really hard to deal with them.
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3 years ago
Your job is to submit a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS) for the purpose of payment. As
kotegsom [21]

Answer:

Report the incident to the compliance department (via compliance hotline or other mechanism)

Explanation:

Since in the question, it is mentioned that the you have to submit a diagnosis risk to CMS with respect to the payment also you need to check whether the data is correct or not

But at the same time you also ignored the process so here you need to report the situation to the compliance department so that the proper actions could be taken

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An individual s ethical beliefs are influenced by his/her social group and culture. True or False
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