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Inessa05 [86]
3 years ago
14

Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. a. The three g

eneric strategies b. Value chain analysis c. Customer loyalty analysis d. Competitive chain strategies e. SWOT Analysis f. Porter's Vision Strategy g. The Five Forces Model
Business
2 answers:
ICE Princess25 [194]3 years ago
4 0

Answer:

a. The three generic strategies

b. Value chain analysis

e. SWOT Analysis

g. The Five Forces Model

Explanation:

The four tools commonly used by managers to develop competitive advantage are; The <u>three generic strategies, value chain analysis, SWOT Analysis and The Five Forces Model.</u>

  • The three generic strategies are used to determine if the organization intends to compete from a position of <u>cost leadership</u> (offering low cost products), <u>product differentiation (</u>offering unique, high quality products<u>)</u> or <u>choosing a specific niche</u> to serve.
  • When managers use the SWOT analysis, they <u>analyse the strengths and weaknesses of their organization as well as those of competitors, and also look out for opportunities to improve, and threats to be avoided.</u>
  • Managers use the Value chain analysis, to <u>determine how to reduce cost, improve profitability and increase value for customers</u>, by monitoring the various processes involved, in production and delivery of goods, as well as after sale customer service.
  • Porter's five forces model is used by managers to <u>determine the extent and strength of competition</u> in an industry and what industry to enter or avoid. It also provides information on the bargaining power of buyers and suppliers in the market and the threat of substitute products to the organization's products.
LiRa [457]3 years ago
3 0

Answer:

The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:

a. The three generic strategies

b. Value chain analysis

e. SWOT Analysis

g. The Five Forces Model

Explanation:

The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:

a. The three generic strategies: The generic strategies according to Porter are:

- Cost leadership: This is when the firm chooses to fight the competition by producing at a lower cost

- Differentiation: This is when the firm chooses to combat the competition by producing unique products of higher quality.

- Focus - This is when the firm is focusing on one or a few segments (rather than all) to compete either by cost reduction (cost focus) or by providing unique products (differentiation focus).

b. Value Chain Analysis: This is a strategic attempt to gain competitive advantage via analysis of internal firm activities in the bid to recognize the 'most valuable activities' in respect to which generic strategy it is pursuing (i.e. which activities are the source(s) of cost or differentiation advantage)

e. SWOT Analysis: This strategic tool for competitive analysis looks at both internal (within the company) and external factors (The business environment). The S stands for strength, which looks at the internal operational strengths of the company in comparison to its competitors. W stands for weakness, which looks at the operational lapses of the company. O stands for opportunities in the external business environment; and T stands for Threats which looks at the external factors that will affect the company.

g. The Five Forces Model: This is a strategic model that is used for the identification and analysis of the structure, strength and weaknesses of an industry.

Porter's five forces includes the following:

1. Competition in the industry

2. Potential of new entrants into the industry

3. Power of suppliers

4. Power of customers  

5. Threat of substitute products

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From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
juin [17]

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

5 0
3 years ago
Is the following scenario a partnership? Your parents ask you to babysit your sibling for the evening and they give you a long l
solong [7]

Your parents give you a large set of instructions and ask you to watch your brother for the evening. There is no collaboration in this situation.

An agreement between two or more persons to manage a business's operations and divide its assets and liabilities is known as a partnership. In a general partnership corporation, the assets and liabilities are divided equally among all of the partners.

By definition, a partnership firm consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses. Examples of common partnership businesses include law firms, medical groups, investment real estate companies, and accountancy groups.

Two or more persons are required. An agreement is required. The firm must distribute its gains. There has to be reciprocal agency.

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7 0
1 year ago
Use the following information to calculate for the year ended December 31, 2018
Anastasy [175]

Answer:

a. $13,000

b. $17,000

c. $27,000

Explanation:

a= Net income (loss) = Service revenue - Other operating expenses

Net income (loss) = $25,000 - $12,000

Net income (loss) = $13,000

b. Ending retained earnings = Beginning retained earnings + Net income - Dividends

Ending retained earnings = $5,000 + $13,000 - $1,000

Ending retained earnings = $17,000

c. Total assets = Cash + Accounts receivable + Supplies + Equipment

Total assets = $15,000 + $3,000 + $3,000 + $6,000

Total assets = $27,000

8 0
3 years ago
Wells, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 865 2 1,040 3 1,290 4 1,385
andrezito [222]

Answer:

Total FV= $5,080.86

Explanation:

Giving the following information:

Cash Flow:

Cf1= $865

Cf2= $1,040

Cf3= $1,290

Cf4= $1,385

Discount rate (i)= 8%

<u>To calculate the total future value, we need to apply the following formula to each cash flow:</u>

FV= Cf*(1+i)^n

Cf1= 865*1.08^3= 1,089.65

Cf2= 1,040*1.08^2= 1,213.01

Cf3= 1,290*1.08= 1,393.2

Cf4= 1,385

Total FV= $5,080.86

5 0
3 years ago
Sunland Company had checks outstanding totaling $9700 on its June bank reconciliation. In July, Sunland Company issued checks to
wel

Answer:

amount of outstanding checks  = $10700

Explanation:

given data

outstanding totaling =  $9700

issued checks totaling = $77900

checks cleared  in July = $76900

returned marked = $980

solution

amount of outstanding checks are here calculated as

amount of outstanding checks = outstanding totaling + issued checks totaling - checks cleared  in July    ..................1

put here value

amount of outstanding checks = $9700 + $77900 - $76900

amount of outstanding checks  = $10700

and here check $980 issued by a customer not Sunland Company

4 0
3 years ago
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