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Snowcat [4.5K]
3 years ago
9

Staples sells office supplies and machines, furniture, and technology and business services both in stores and online. It sells

every kind of stationery that one can imagine. It has over 2,000 stores worldwide in 26 countries. This is most likely an example of a(n) ________.
Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

Industry-wide differentiation strategy

Explanation:

Staples is providing a wide range of products in various locations, both in stores and online. He is creating an industry-wide differentiation by providing unique products that customers wants.

The target customers consist of wide range of people with different preferences.

You might be interested in
Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided
Molodets [167]

Answer:

B) cost of merchandise sold divided by average inventory.

Explanation:

Inventory turnover: It is a liquidity ratio that measures the number of times on average a company sold or replaced its inventory during the period. Computed as the cost of goods sold / by the average inventory on hand during the period. Analysts compute average inventory from the beginning and ending inventory balances. The ideal inventory turnover ratio is about 4 to 6, it is a rate at which restock item is well balanced with the sold inventory.

7 0
3 years ago
Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 i
Molodets [167]

Answer:

The firm will need additional revenue of $90,000 to earn normal profit(zero economic profit)

Explanation:

Normal profit equals zero economic profit or when total revenue equals

the addition of explicit cost and Implicit cost. Implicit cost is the opportunity cost.

Explicit cost = $200,000 + $75,000 + $30,000 + $20,000 + $35,000

=$360,000

Implicit cost is $90,000

Total revenue is $360,000

Normal profit = $360,000 - ($360,000 + $90,000)

$360,000 - $450,000

-$90,000.

This means the firm will need additional revenue of $90,000 to earn normal profit(zero economic profit)

5 0
3 years ago
The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
mixas84 [53]

Answer:

The correct answer is the second option: The price level is constant in the long run.

Explanation:

To begin with, the concept of the <em>"aggregate supply"</em> refers to the total amount of goods and services that firms are willing and are able to offer at a certain price level given and at a determine period of time. Moreover, at the long-run the aggregate supply curve is not affected by many variables as it is in the short run and this is due to the fact in the long run the economy is said to be at full capacity and optimally and also because the changes in the aggregate demand are only affective in the short run to the economy's total output.

4 0
3 years ago
Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost
Ghella [55]

Answer:

See below

Explanation:

1. Predetermined overhead rates

= Applied overhead / Direct labor

Job 114

Applied overhead / direct labor

= $1,260/1,800

= 70%

Job 115

Applied overhead / direct labor

= $994/1,420

= 70%

Job 116

Applied overhead / direct labor

= $3,094/4,420

= 70%

2 and 3 Ending balance of each job and work in process as of April 30th.

Job 114. Job116

Opening. $2,384. $3,085

Materials

Purchases $16,800. $5,410

Direct labor

($1,800+$1,800) $3,600. $5,740

Actual $2,520 $4,018

Overhead

at 59.36%

Balance $25,304. $18,253

• Note

The whole of job 115 has been sold out.

• Actual overhead = Actual overhead / direct labor

= $4,535/7,640

= 59.36%

4 Cost of goods sold in April

Job 115

Opening materials. $2,603

Purchases. $12,460

Direct labor

($1,420 + $3,080). $4,500

Actual overhead. $3,150

at 59.36%

Cost of goods sold $22,713

5. Selling price of job

Cost of job 115 = $22,713

Selling price = 1.25% × $22,713 = $28,391

4 0
3 years ago
A group of people who holds a direct stake in the firm is known asa.primary social stakeholders.b.secondary social stakeholders.
cestrela7 [59]

Answer:

A. Primary Social Stakeholders

Explanation:

Primary social stakeholders are people directly benefiting from or affected by a particular business activity, which can be distribution of a product or a change to a service agreement, this people have a direct stake in the firm i.e. customers, employees, stockholders, creditors, suppliers, or anyone else with a financial interest in the product or situation of the firm.

7 0
3 years ago
Read 2 more answers
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