Answer:
First law of business.
Explanation:
According to the first law of business, taking care of customers is essential to obtaining a competitive advantage in order to keep them considering the fact that these customers are the king of the market.
Long-term assets are the focus of corporate planning.
The process by which corporations develop strategies for accomplishing goals and meeting goals is known as corporate planning. It entails the definition of the strategy, the direction of the strategy, decision-making, and resource allocation. A corporate plan is similar to a strategic plan, but the difference is that a corporate plan directs a more complex company with multiple business units or subsidiaries. "Corporate planning includes the setting of objectives, organizing the work, people, and systems to enable those objectives to be achieved, motivating through the planning process and through the plans, measuring performance and so controlling progress of the plans, and developing people through better decision-making. It explains the direction the business as a whole is going and provides a road map to get there.
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Answer:
a. Fuel Interest on company-issued bonds FIXED
b. Shipping charges VARIABLE
c. Payments for raw materials VARIABLE
d. Real estate taxes FIXED
e. Executive salaries FIXED
f. Insurance premiums FIXED
g. Wage payments VARIABLE
h. Depreciation and obsolescence charges FIXED
i. Sales taxes VARIABLE
j. Rental payments on leased office machinery FIXED
Explanation:
Fixed costs are the cost of an organization that don´t change with the amount of production. So , if the production is 0, this cost will exist anyway. For example: real estate taxes, rental
Answer:
D. Shoes Cult has a competitive advantage over Aros.
Explanation:
Competitive advantage is defined as the advantage an entity has when they are able to produce a good at cost that is lower than the cost incurred by other parties in the same industry. This results in higher profit margins for businesses that have low production cost.
In this scenario Aros produces shoes for $20 while Shoes Cult produces the same shoes for $22. They both have the same price ceiling of $30.
Aros has competitive advantage over Shoes Cult because they produce at a lower cost and make more profit than Shoes Cult.
Assume they both sell at the maximum price. Profit for Aros= 30- 20=$10
Profit for Shoes Cult= 30-22= $8
Total staff = 4 + 20 + 4 + 2 + 50 = 80
P(Factory Worker) = 50/80 = 5/8
Answer: 5/8
