A <u>competitive advantage </u>must provide the new business with the opportunity to make money in excess of the competition.
<h3>What is competitve advantage?</h3>
Competitive advantage refers to the factors that allow a company to produce goods or services better or at a lower cost than its competitors. These factors allow the production unit to generate more revenue or higher profit margins than its competitors in the market. Competitive advantage is due to many factors including cost structure, brand image, product quality provided, distribution network, intellectual property and customer service.
Competitive advantage is what makes an entity's products or services more attractive to customers than any other competitor.
Competitive advantage can be divided into comparative advantage and differential advantage.
To learn more about competitive advantage from given link
brainly.com/question/26514848
#SPJ4
Answer:
$938.82
Explanation:
The present value of the amount $1,150 using different discount rates in year one, two and three shall be determined using following mentioned method:
Present value of $1150 at the end of year 2=$1,150(1+8%)^-1=$1064.81
Present value of $1150 at the end of year 1=$1064.81(1+7%)^-1=
Present value of $1150 at the end of year 0=$995.15(1+6%)^-1=$938.82
Answer:
New technology allows firms to produce at a lower cost. As a result, as firms adopt a new technology, their cost curves shift downward. Market supply increases, and the market supply curve shifts rightward. With a given demand, the quantity produced increases and the price falls.
Answer:
a. $140,000
Explanation:
Options are <em>"a. $140,000
, b. $100,000, c. $180,000
, d. $240,000
"</em>
<em />
Capital Account = Fair value of the asset (i.e. Partner's investment is valued on fair value)
Date Account Debit Credit
Building $140,000
Partner's capital $140,000
Answer:
Every seller takes the price of its product as set by market conditions.
Explanation:
The correct answer is "every seller takes the price of its product as set by market conditions".
In a perfectly competitive market, the price is determined by the market condition such as demand and supply. Thus, the price will be set at the level where the demand and supply curve intersects. So at this point, the price determined is called the equilibrium price.
