Answer: A blue ocean type of offensive strategy involves abandoning efforts to beat competitors in existing markets but instead invest a new market segment or industry whereby existing competitors are irrelevant and one which allows a company to create and capture nee demand (Option C)
Explanation:
Blue ocean strategy is the pursuit of differentiation and low cost by firms in order to create a new market space and demand. Blue ocean strategy is about the creation and making use of uncontested market space, which therefore makes competition irrelevant.
Blue ocean strategy are used for industries that are not in existence today, industries that tap the unknown market space and are untainted by competition. The blue oceans gives room for growth as demand is created and not fought for. A blue ocean strategy describes the wider potential and benefits to be enjoyed when an unexplored market is explore.
Answer:
(-$1,250) over applied for the period
Explanation:
Predetermined overhead rate:
= budgeted overhead ÷ budgeted volume
= $465,500 ÷ 49,000
= $9.5
Overhead cost with 43,500 hours incurred, they have applied
:
= Actual machine-hours × Predetermined overhead rate
= 43,500 × 9.5
= $413,250
They actually incurred $412,000 of overhead cost for the period so they have
:
= Actual overhead - Overhead cost with 43,500 hours
= $412,000 - $413,250
= (-$1,250) over applied for the period.
Answer:
The correct answer is option a.
Explanation:
A budget line represents the maximum possible combination of two goods that can be purchased by an individual by spending all of his income.
George has a weekly income of $50.
He spends this income on donuts and coffee.
The price of a donut is $1 and the price of coffee is $2.50.
As George's income increase to $100, George will be able to afford more coffee and donuts as the price of coffee does not change.
So, the budget line will shift to the right, indicating the increase in the quantity of goods George can afford.
Answer:
the key feature of this circular flow is the cuty
