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Ugo [173]
4 years ago
7

Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakee

t, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region. The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________. Select one: a. tangible asset
Business
1 answer:
V125BC [204]4 years ago
4 0

Answer:

B.  trade secret

Explanation:

Based on the scenario being described within the question it can be said that this software program is an example of a trade secret. This refers to a type of any practice or process that a company has developed and is not known outside of that company, this therefore gives them a competitive advantage in the market. Since Hudson is concerned with software piracy it means that no one else knows how to reproduce the software, thus making it a trade secret.

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whole life adds a cash value component that you can tap during your lifetime

Explanation:

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While visiting a client to deliver their 2019 tax documents, one of the owners approaches you and states: "The IRS says my trave
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Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.

While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.

In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.

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4 years ago
Help i'm desperate time is tight
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C is the correct answer
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3 years ago
On average hotel guests who take elevators weigh about 150 pounds
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3 years ago
Which of the following are examples of a company using strategy to seek a competitive advantage? Check all that apply. a. In the
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Answer:

a. In the 17th century, the Dutch East India Company allied with a powerful leader in Indonesia to gain exclusive access to spices, and during the company’s existence, it carried about five times the shipping tonnage of its nearest competitor, an English company.

b. In the 1970s, the Sumitomo Bank of Japan bailed out two major corporate customers at a cost of over $1 billion, greatly hurting its profitability. However, its loyalty to its customers enhanced its reputation, and by 1981 it was Japan’s most profitable financial institution.

d. The Finnish company Stora Enso appeals to the world’s desire to use renewable resources by developing new packaging, paper, textile, and other products based on sustainably grown wood. Quarterly profit recently rose 38% year over year, and the company has garnered much recognition from environmental groups.

Explanation:

Basically there are 3 types of strategies that a company can carry out to try to gain a competitive advantage over its rivals:

  1. cost leadership strategy: sell the company's products at the lowest price usually through economies of scale. E.G. DUTCH EAST INDIA COMPANY
  2. differentiation strategy: sell a unique and different product, usually high quality or innovating products. E.G. SUMITOMO BANK
  3. focus strategy: focus the company's products towards a narrow target segment (niche) either through cost leadership or differentiation. E.G. STORA ENSO

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