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2 years ago

Aside from low-cost strategy, describe other methods that businesses can use to differentiate their products.

Business

1 answer:

Anettt [7]2 years ago

8 0

Aside from low cost strategy, there are more other methods that will help business in differentiating their products.

· Exploring new markets – This where the market concentrates on their fellow contenders.

· Partnership with other firms – It is a way of teaming up with other organizations which will be of benefit for the products that is being sold by the company.

· Innovation – It is a way of asking higher price compared to other companies when new features of the product is being added as consumers will most likely want to buy something new and fresh.

· Propose amplified provision – Different services are being applied for the sake of consumers so that more consumers will be attracted to the product.

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Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge

Vilka [71]

Answer:

The journal entries for both corporations is prepared below

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

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Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

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Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

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Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

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Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

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7 0

2 years ago

If you walk into a(n) __________, you will likely find a broad variety of merchandise, deep assortment, and customer service, wi

Naily [24]

Answer:

department store

Explanation:

A department store is a type of retailer that offers a wide range of diverse products. Each product group is classified into a department, thus the name "department store". When customers buy products, they usually check out near the exit of the whole department store, although there are some check-out counters in each department. Also, customer service is always present, mostly in the form of numerous sales clerks providing a helping hand.

They can include almost any range of products: toiletries, furniture, home decor, clothes, toys, hardware... Some famous examples are: Le Bon Marché in Paris, Selfridges in the UK, Macy's in the USA...

On the other hand, a discount store usually offers a broad product range, low prices, but little to none customer service. Specialty stores have a narrow target group as they offer a limited assortment.

5 0

3 years ago

The Tuck Shop began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The perpetu

GREYUIT [131]

Answer:

$500 shrinkage

Explanation:

Calculation to determine the amount of shrinkage occurred during the month

Using this formula

Shrinkage=Ending inventory-Actual count

Let plug in the formula

Ending inventory=$10,000 + $35,000 - $30,000 Ending inventory= $15,000

Shrinkage=$15,000 - $14,500

Shrinkage= $500

Therefore the amount of shrinkage occurred during the month is $500

6 0

2 years ago

The Assembly Department started the month with 83,000 units in its beginning work in process inventory. An additional 334,000 un

Zolol [24]

Answer:

383,000

Explanation:

Calculation to determine How many units were transferred to the next processing department during the month

Work in process, beginning 83,000

Add Units started into production during the month 334,000

Less Work in process, ending (34,000)

Units completed and transferred out during the month 383,000

(+83,000+334,000-34,000)

Therefore How many units were transferred to the next processing department during the month is 383,000

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2 years ago

As the economy declines into recession, the collection of personal income tax revenues automatically falls. this phenomenon best

abruzzese [7]

This phenomenon best illustrates how a progressive income-tax system serves as an automatic stabilizer for the economy.

<h3>What is an automatic stabilizer?</h3>

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . Examples include progressive tax and transfer payments. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.

In an expansion, progressive tax increases the tax paid and this reduces disposable income. In a recession, tax paid is reduced and this increases disposable income

Here are the options:

increases crowding out in the economy

decreases real interest rates in the economy

offsets the timing problem for fiscal policy

Serves as an automatic stabiler for the economy

To learn more about taxes, please check: brainly.com/question/25311567

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8 0

2 years ago