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Jobisdone [24]
3 years ago
8

Which type of competitive strategy is characterized by convincing rivals not to enter a price war, protection from customer pres

sure to lower prices, and the ability to better withstand cost increases from suppliers?
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0

Answer:

Overall cost leadership.

Explanation:

Cost leadership can be defined as to lowest cost that is available in an industry. A cost leader in an industry has achieved a competitive advantage by being able to give the lowest price compared to other businesses in the market

Even where there is high competition businesses with low cost advantage perform well and have good profit margins.

So to avoid overall cost leadership firms convince rivals not to enter a price war, protection from customer pressure to lower prices, and the ability to better withstand cost increases from suppliers.

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Suppose a commercial bank has checkable deposits of $80,000 and the legal reserve ratio is 20 percent. If the bank's required an
babymother [125]

Answer: $32000

Explanation:

The required reserves will be calculated as:

= Checkable deposit × Legal reserve ratio

= $80000 × 20%

= $16000

Excess reserves = $16000

Actual reserves will now be:

= Required reserves + Excess reserves

= $16,000 + $16,000

= $32,000

8 0
3 years ago
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
k0ka [10]

Answer:

<em>Product X and Z should be processed further because the additional sales revenue is greater that further processing cost which leads to a profit. </em>

<em>Product Y should not be processed further because doing so would lead to a loss</em>

Explanation:

WP Corporation should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all cost incurred up to the split-off point (i.e $92,000) are irrelevant to the decision to process further .  

                                                                  X          Y             Z

Sales value at split of point                     23        24           25

Sales value after split off point              <u>  27</u>     <u>  27  </u>           <u>32</u>

Additional sales value                               4         3              7

Further processing cost                           <u>( 2)</u>      <u>( 4 ) </u>          <u>( 4)</u>

Net income?(loss)                                     2          (1 )             3

Product X and Z should be processed further because the additional sales revenue is greater that further processing cost, which leads to a profit.

Product Y should not be processed further because doing so would lead to a loss

5 0
3 years ago
Procrastination is the process of​
suter [353]

delaying or postponing a task or work or pretty much anything

8 0
3 years ago
Consistent with____recognition principle, companies record revenue at the time goods are provided to customers.
Sonbull [250]

Answer:

Revenue

Explanation:

In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.

It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.

4 0
3 years ago
Dmitri lives in Detroit and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars. O
Black_prince [1.1K]

Answer:

EXPLICIT COST

The wholesale cost for the guitars that Dmitri pays the manufacturer

The wages and utility bills that Dmitri pays

IMPLICIT COST

The rental income Dmitri could receive if he chose to rent out his showroom

The salary Dmitri could earn if he worked as a financial advisor

Explanation:

Explicit cost: those which are actually incurred this means it represent accrued expenses or actual cash outlay.

Implicit cost: refers to the opportunity cost of a factor wasted opprtunity for weing deploy in the current project. These do not represent actual expenses but potential use of the factors

5 0
4 years ago
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