Answer:
The correct answer is letter "A": Only a small number of suppliers exist and when it is difficult for industry members to switch to attractive substitutes.
Explanation:
Porter's Five Forces is a study scheme named after Harvard Professor Michael E. Porter (born 1947). It helps managers assess competition within the industry.
- <em>The first force analyzes the ease of marketplace entry for new participants.
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- <em>The second factor measures the number and operation of a company's rivals.
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- <em>The third element is the likelihood of a new good or service entering the market that will diminish the sales of existing goods.
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- <em>The four-factor is that industry suppliers have negotiating power.
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- <em>The fifth factor is the bargaining power of customers.
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<em>When the suppliers' bargaining power is higher, there are possibly a few of them in the market. The situation gets worse for manufacturers when switching from one supplier to another represents higher costs or when making the change to substitutes carries a high cost as well.</em>
<u>A small risk of loss in an investment:</u>
Investment risk can be characterized as the likelihood or probability of the event of misfortunes comparative with the normal profit for a specific venture. Portrayal: Stating basically, it is a proportion of the degree of vulnerability of accomplishing the profits according to the desires for the financial specialist.
The potential advantage of a "high-chance venture" is that quite possibly you could make an extremely exceptional yield on the speculation too. The five measures incorporate the alpha, beta, R-squared, standard deviation, and Sharpe proportion. Hazard measures can be utilized separately or together to play out a hazard appraisal.
Answer: B. Jean
Explanation:
Having Absolute Advantage in the production of a good means that you can produce more of that good given the same resources or at least the same Quantity as others given lower resources.
From the scenario above therefore, Jean has the Absolute Advantage in producing Cakes as Jean can bake 12 cakes in an hour while Vincent can only bake 10.
Answer:
A. A credit to Child Care Fees Earned of $4,500.
Explanation:
The journal entry to record this given transaction is shown below:
Cash A/c Dr $4,500
To Child Care Fees Earned A/c $4,500
(Being the fees earned is recorded)
Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.
The monthly fee is $9,000 but we have to compute for 15 days, so it would be
= $9,000 ÷ 2
= $4,500
Answer:
D) No Yes Yes
Explanation:
As we know that
The conversion cost includes the direct labor cost and the manufacturing overhead cost
And, the manufacturing cost records the
= Cost of direct material cost + Direct labor cost + Manufacturing Overhead cost
And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.
