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Anarel [89]
3 years ago
14

In emerging industries _________. a. product-differentiation efforts are focused on product refinement as a basis of product dif

ferentiation. b. firms that are first movers can gain product-differentiation advantages based on perceived technological leadership. c. firms can sometimes be tempted to exaggerate the extent to which they have refined and improved their products and services. d. firms that are first movers are unlikely to gain product-differentiation advantages based on buyer loyalty and high switching costs.
Business
1 answer:
Ilya [14]3 years ago
6 0

Answer:

The correct answer is (B)

Explanation:

Companies which are first movers generally take a competitive advantage over other companies based on experience, technology and first-mover advantage. First movers usually control the market and that makes it hard for other companies to enter the market. Perceived technology helps such companies to gain more customers and their trust which leads them to take the maximum market share possible.

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The answer is c. Internal events are kind of like a V.I.P. things while external events are more public.
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True or False: Market segmentation is the process of dividing the market into groups of customers based on their needs, wants, a
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Answer:

true

Explanation:

Market segmentation is the process of dividing prospective consumers into different groups depending on factors like demographics, behavior and various characteristics.

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Which of the following statements most accurately describes the state of banking in the U.S.?
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B. A large number of very large and small banks

I think

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3 years ago
On November 1, 2017, Blue Company borrowed from Yellow Bank and received a 9-month note for $60,000 at a 5% interest rate. Inter
frutty [35]

Answer:

In the books of Blue Company:

November 1, 2017:

Debit Cash                                           $60,000

Credit Note payable                            $60,000

<em>(To record borrowed note from Yellow Bank)</em>

December 31, 2017:

Debit Interest expense                            $500

Credit Interest payable                            $500

<em>(Interest expense recognition on note for 2 months)</em>

August 1, 2018:

Debit Note payable                             $60,000

Debit Interest payable                           $2,250

Credit Cash                                          $62,250

<em>(To record settlement of note at maturity)</em>

In the books of  Yellow Bank:

November 1, 2017:

Debit Note receivable                        $60,000

Credit Cash                                         $60,000

<em>(To record note receivable from Blue Company)</em>

December 31, 2017:

Debit Interest receivable                        $500

Credit Interest revenue                           $500

<em>(Interest revenue recognition on note for 2 months)</em>

August 1, 2018:

Debit Cash                                         $62,250

Credit Note receivable                     $60,000

Credit Interest receivable                   $2,250

<em>(To record note collection at maturity)</em>

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense / revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense / revenue is $60,000 x 5%/12 x 9 months = $2,250.

Monthly interest expense / revenue is therefore $2,250 / 9 months = $250.

Therefore, interest expense / revenue recognition for 2 months will be $250 x 2 months (November 1 - December 31) = $500.

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