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3 years ago

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

1 answer:

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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.

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Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. His insurance cost is expected t

madreJ [45]

Answer:

The correct answer is $15,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

Revenue = $100,000

Insurance cost = $2,000

Design job leave = $70,000

Rent = $10,000

Annual depreciation = 10% × $25,000 = $2,500

So, we can calculate the economic profit by using following formula:

Economic Profit = Total Revenue - (Explicit cost + Implicit costs)

By putting the value, we get

= $100,000-($70,000 + $2,000 + $10,000 + $2,500)

= $15,500

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3 years ago

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of

bekas [8.4K]

The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

<h3>What journal entries?</h3>

A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
An accounting journal, which shows a company's debit and credit balances, records transactions.
The journal entry can be made up of multiple records, each of which is either a debit or a credit.
Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.

So, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of cash invested, and the fair market value.

30,000 + 60,000 = $90,000

Therefore, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

Know more about journal entries here:

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The complete question:

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of $60,000. The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $ ______.

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1 year ago

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

Alinara [238K]

Answer and Explanation:

The journal entries are shown below:

On June 3

Merchandise Inventory $4,100

To Accounts payable $4,100

(Being the purchase of goods on credit is recorded)

On Jun 5

Accounts payable $1,100

To Merchandise Inventory $1,100

(To record purchase returns)

On June 6

Merchandise Inventory $1,000

Accounts payable $1,000

(Being the purchase of goods on credit is recorded)

On June 11

Accounts payable ($4,100 - $1,100) $3,000

To Cash $2,960

To Inventory ($4,100 - $1,100) × 2% $60

(Being the payment is recorded)

On June 22

Accounts Payable $2,000 ($3,000 - $1,000)

To Cash $2,000

(Being the payment on account in full is paid)

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3 years ago

Rice is a cheap staple food eaten multiple times of day by many people all over the world. In Trufflelandia, residents also eat

enot [183]

Answer:

Rice is so cheap and truffles are so expansive because D. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

Explanation:

When it comes to tasty or nutritious foods, there should not be any reason to be more expensive than others food stuffs. However, they often cost a little more. Regarding rice and its easy way of cooking, it is not a strong argument to talk about the price. So the right answer D, due to the fact that is true that eating a higher rate of rice won't have such a great marginal value as it will with truffles. It has to do a lot with higher demand of rice.

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3 years ago

On May 1, 2017, ABC Company signed a contract to provide 1 year of marketing research services to Anderson Company starting on M

Anna71 [15]

Answer:

Debit Cash Account $12,000

Credit Unearned Revenues Account $12,000

Being advance payment for marketing research services by Anderson

Explanation:

Revenue received before it is earned are reported as liability until it is earned, this is consistent with accrual basis of accounting. when payment for service not yet performed or goods not yet delivered is received, such a payment must not recognized in the period of payment but in the period when that service is preformed or when the goods are delivered.

The treatment for advance payment of income is a debit to cash or bank and a credit to unearned revenues account or income received in advance account.

6 0

3 years ago