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Digiron [165]
3 years ago
7

The two pivotal factors that distinguish one competitive strategy from another boil down to Multiple Choice

Business
1 answer:
kenny6666 [7]3 years ago
4 0

The two pivotal factors that distinguish one competitive strategy from another boil down to Multiple Choice is explained in the following way

Explanation:

  • The generic types of competitive strategies include: low-cost provider, broad differentiation, best-cost provider, focused low-cost, and focused differentiation strategies. Which of the following generic types of competitive strategies is typically the "best" strategy for a company to employ?

  • What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is: their concentrated attention on serving the needs of buyers in a narrow piece of the overall market. ... meaningfully lower overall costs than rivals on comparable products.

  • 1- By using its lower-cost edge to underprice competitors and attract price-sensitive buyers in great numbers to increase total profits.
  • When a Low-Cost Provider Strategy Works Best
  • Most buyers use the product in the same ways. Buyers incur low costs in switching among sellers. Large buyers have the power to bargain down prices. New entrants can use introductory low prices to attract buyers and build a customer base.

You might be interested in
Which economic goal is a major one of command economies?
pickupchik [31]

Answer:

the answer is equity.

Explanation:

the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.

The command economy tries to overcome this problem of Equity in market economies.

4 0
3 years ago
On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

                             DEBIT       CREDIT

Entry

Rent Expense     $550

Prepaid Rent                         $550

The balance on Norma's prepaid expense would be

Prepaid Rent  = $2200

Rent Expense = ($550)

Balance = $1,650

7 0
3 years ago
Grayhawk Company reported net credit sales of $588,000 for the year ending December 31, 2019. On January 1, 2019, the Allowance
Sever21 [200]

Answer:

D) $8,040

Explanation:

<u>Credit Sales Method:</u>

Bad Debt Losses = 3% of Credit Sales

Bad Debt Losses = 0.03 x $588,000

Bad Debt Losses = $17,640

<u>Adjusted balance in the Allowance for Doubtful Accounts:</u>

Bad Debt Losses - (uncollectible accounts receivable - Allowance for Doubtful Accounts)

$17,640 - ($24,000 - $14,400)

$17,640 - $9,600

$8,040

5 0
3 years ago
Jefferson Company's demand for its only product exceeds its manufacturing capacity. The company provided the following informati
KATRIN_1 [288]

Answer:

1. Utilization rate = Operating time/Scheduled time

Utilization rate = 5,696/6,400

Utilization rate = 0.89

2. Efficiency rate = (Total output / Ideal run rate) / Operating time

Efficiency rate = (18,100/2) / 5,696

Efficiency rate = 9,050 / 5,696

Efficiency rate = 1.5888343

Efficiency rate = 1.59

3. Quality rate = Good units produced / Total units produced

Quality rate = 12,670 / 18,100

Quality rate = 0.70

4. Overall Equipment Effectiveness = Utilization rate * Efficiency rate *  Quality rate

Overall Equipment Effectiveness = 0.89 * 1.59 * 0.70

Overall Equipment Effectiveness = 0.99057

Overall Equipment Effectiveness = 0.991

6 0
3 years ago
On December 31, the company's Cash account had a balance of _____. $40,000 $54,000 $110,000 $124,000
notka56 [123]

Answer:

The company's Cash account had a balance of <u>$54,000</u> on December 31.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the questions as follows:

Company's cash account had balance of 14000 on January 1

Receipts from customers- 50,000

payments for dividends- 10,000

receipts for dividends- 5,000

payments for merchandise- 25,000

receipts from issuance of stock- 20,000

On December 31, the company's cash balance is?

A 40,000

B 54,000

C 110,000

D 124,000

The explanation of the answer to the question is now given as follows:

the company's Cash account balance On December 31 can be obtained by simply adding the total cash receipts to and deducting the total cash payments from the Company's cash account balance of 14000 on January 1. This can be expressed as follows:

Cash balance on December 31 = Cash account balance on January 1 + Total cash receipts - Total cash payments .............. (1)

Where we have:

a. Cash account balance on January 1 = $14,000

b. Calculation Total cash receipts

Details                                                     $  

Receipts from customers                  50,000

receipts for dividends-                         5,000

receipts from issuance of stock     <u>   20,000   </u>

Total cash receipts                       <u>     75,000    </u>

c. Calculation Total cash payments

Details                                                      $  

Payments for dividends                     10,000

payments for merchandise            <u>   25,000  </u>

Total cash payments                     <u>   35,000  </u>

Substituting the values into equation (1), we have:

Cash balance on December 31 = $14,000 + $75,000 - $35,000 = $54,000

Therefore, the company's Cash account had a balance of <u>$54,000</u> on December 31.

6 0
3 years ago
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