Answer: A. they have expertise in a focused technical topic
Explanation:
Answer:
B. First-in, first-out (FIFO)
Explanation:
First-in, first-out (FIFO) is an accounting principle which refers to a process whereby assets that are purchased first are sold first. In this situation, the cost in which the particular inventory was purchased is still the same cost with which it is sold out.
First-in, first-out principle can be used to determine the profitability of a merchandise with its associated cost taken into consideration.
Answer: The R part which stands for RARENESS/RARITY.
Explanation: The VRIO analysis is an acronym for Value, Rareness, Imitability, Organization.
This analysis is used in the evaluation of a business resources and factors that places it above their competition.
The rareness/rarity begs to question if the resource used in business are in the hands of a few.
In this question, Rohan was looking to expand his business by adding a pick-up service but by asking the rareness question, he discovered that the competitive advantage is in the hands of another business Tow-It-Now Inc.
If you are planning to place an ad in a local newspaper with a size of 5 inches long by 4 columns wide and the newspaper's rate per column inch is $18, the ad will cost $360.
Solution: <span>5 inches x 4 columns = 20
20 column inch x $18 = $360</span>
Answer:
B) If there are many substitutes, the price elasticity of the good is more elastic.
Explanation:
Price elasticity of demand measures how quantity demanded changes when price level changes.
If there are subsituites for a good, the demand for the good tends to be more elastic - a small change in price leads to a greater change in quantity demanded.
Suppliers would be less motivated to increase prices if there are many close substitutes for its goods.
I hope my answer helps you.
