Answer: The answer is given below
Explanation:
A best-cost strategy is a strategy that is used by companies as they focus on low cost in order to give their customers better value for the money spent on the purchase of goods or services from them. The goal of this strategy is to keep the prices and costs lower when compared with the other competitors that offer similar products.
This strategy can be very successful in retail stores. Retail stores offer similar products to their competitors and using this strategy could help in making the store get more customers and hence push up its income.
For this strategy to work in such industry, firstly, the company will need to study its market very well, get to know its competitors, have a good working relationship with the manufacturers of different products, and have a friendly and amazing staffs who know what is and expected of them. With all these in place, success will be achievable.
An example of a firm in Jacksonville that is following a best cost strategy is
McDonald. The company over the years, has been successful and laid s foundation of offering fast-food meals that are of low prices and affordable.
The following makes notes receivable :
- Notes receivable are formal written contracts.
- Notes receivable have a stronger legal claim.
- Notes receivable are interest bearing.
<h3>What are Notes Receivable?</h3>
Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement. Promissory notes are a written promise to pay cash to another party on or before a specified future date.
If the note receivable is due within a year, then it is treated as a current asset on the balance sheet. If it is not due until a date that is more than one year in the future, then it is treated as a non-current asset on the balance sheet.
Often, a business will allow customers to convert their overdue accounts (the business’ accounts receivable) into notes receivable. By doing so, the debtor typically benefits by having more time to pay.
Learn more about Notes Receivable on:
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The answer is b-savings back
Hi there!
<u>Information:</u>
<u>First, allow us to observe what an "economic factor is".</u>
- An economic factor is data taken out of market and economy.
- Economic factor may include certain costs. And these costs well be in our answer.
<u>Problem-Solving / Answer</u>
<u>Now, we figure out what economic factors we can find.</u>
<u>Tax rates</u> - tax rates can include an Economic factor.
<u>Laws</u> - Laws are a known economic factor.
<u>Unemployment</u> - Big one, at this time due to COVID-19, unemployment rates are flying off the charts. This is an example of an economic factor.
Important Keywords;
- Data ; <u>Data can be information taken from a place, for example, you have taken data from a chart.</u>
<u>Learn more:</u>
<u>Push factors: brainly.com/question/13553564</u>
<u>Economic growth: brainly.com/question/13023127</u>
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