When analyzing the industry, Bella Blooms must be concerned about the threat of substitute products or services.
This is one of the threats proposed by <em>Porter</em> in his model of the 5 forces that help to understand market competitiveness.
Bella Blooms must be concerned about the threat of substitute products or services because another fertilizer manufacturer has emerged with the same target market as the company, which could lead to a decrease in Bella Blooms market share.
In the threat of substitute products or services, the customer realizes that they can partially or totally substitute one product for another, which leads companies to actions such as:
- develop focused marketing strategies.
- adapt your processes to market needs.
Therefore, <em>Porter's</em> 5 forces model guarantees that through the analysis of market factors, it is possible to identify its strengths and weaknesses and adapt its strategy to be competitive and profitable in the market.
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Answer: An unfair trade practice
Explanation:
Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.
In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.
Answer:
2239%
Explanation:
The compound annual can be determined by converting this 12.5% in two weeks to an effective annual rate as below:
Effective annual rate=(1+12.5%/2)^52-1
By dividing by 2 we are reducing 12.5% to a weekly rate
By raising to the power of 52, we are expressing the weekly rate in annual terms.
Effective annual rate=(1+12.5%/2)^52-1=(1.0625
)^52-1
Effective annual rate=23.39401767
-1=2239%
Answer and Explanation:
The description is as follows:
The annual maintenance for an equipment is $5,600 it would be classified as a normal repairs & maintenance and the same would be expensed
The remodeling of office for $22,200 would be classified as an improvement. The same would be capitalized & depreciated
The rearrangement of the shipping & receiving area for $35,200 would be classified as a rearrangement and The same would be capitalized & depreciated
The addition for $25,200 would be classified as an addition and The same would be capitalized & depreciated
