Answer:
Check the following explanation
Explanation:
Let us consider Porter’s Five forces strategy, in analyzing the particular scenario of Bank and that of the firm which produces T3MP chemical.
As the bank is an early mover in the issuance of ATM cards, the bank definitely got the competitive advantage. As an early mover, the bank faced very low threat of new entrants with regard to distribution of ATM cards. Therefore, the bank could capture a large area of urban region. Also, the switching cost for bank customers is quite high and in the case of banks, generally the individual customers prefer to stick to one or two banks. As an early mover, this was definitely an advantage to the bank. As a result, the bank also got a loyal customer base in the long run. When the brand loyalty was combined with the high switching cost of bank products; in terms of ATM, the entry of a potential competitor was difficult for the bank. Since the ATM cards are unique to each customer and bank, the ATM products adopts a generic differentiation strategy in terms of technology and point of locations. The place is definitely a competitive advantage of bank ATMs and being an early mover, they could capture a large share of customers in the urban areas.
As the ATM cards are specially made for the particular banks, they are definitely a tool for gaining advantage over the competitors. Hence the bank enjoys a definitive leadership in terms of its competitive advantage as an early mover where it could capture a large urban area, and in terms of technology where one bank’s ATM card doesn’t fit into another.
In the case of second firm, which has a 60 percent share of T3MP, faces the threat from substitute products. But T3MP has got the competitive advantage over its substitute product, due to the low bargaining power of customers. T3MP seems to have only a major substitute, whose market share seemed to have dented by the increase in price of the substitute. The low price of T3MP compared to the substitute is definitely a competitive advantage for the firm. This would decrease the competition from the substitute product which in turn will increase the sale of T3MP. Further, the substitute won’t be able to limit the growth of T3MP by setting a sealing price. The firm could increase its marginal returns through increased sale of T3MP. Thus the firm could capture the market share of the substitute which is twice as that of T3MP and could increase its revenue and earning potential.
Answer:
1a
Dr Petty cash $ 280
Cr Cash $ 280
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
Explanation:
Journal entry
1a
Dr Petty cash $ 280
Cr Cash $ 280
( To record petty cash fund created)
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
(50+24+8)
(To Record Petty cash replenished)
Answer:
rational decisions occur when the marginal benefits of an action equal or exceed the marginal costs. Deciding by thinking at the margin is just like making any other decision. A rational decision occurs when the marginal benefits of an action equal or exceed the marginal cost.
Explanation:
Answer:
Limited confidentiality
Explanation:
The exercise of limited confidentiality means that the individuals who are intended to have limited confidentiality exercise must not disclose the facts or the information that are included in the aspect of confidentiality.
Confidentiality refers to the limitation of the data or information being shared to the enclosed group of people within the limited entities.
Here, the information that should remain between the seller and broker (i.e the price at which the seller can accept the offer ) has been disclosed to the buyer.
Hence, the exercise of limited confidentiality has been violated by the licensee.
Answer:
voluntary exchange that makes both the consumer and producer better off.
Explanation:
The consumer will purchase at a price lower or equal to he is willing to pay for the good (we assume a rational person will not urchase above their willingless to do so) Thus, either has a surplus or the price is fair
The producer as well, only trades for a price above their expect to sale or that amount. Therefore it has a surplus or received what it expect.
We have determinated there is no winner or losser in trade as both parites agree voluntary without coercion.