Answer:
Commoditization of a market means that the goods or services offered will be homogeneous. This means that they will be practically identical and customers will be indifferent when choosing one product or any other product because they are identical or very similar. E.g. think about gold, which is one of the most important commodities in the world. A consumer doesn't care if they are buying gold from Alaska, Canada, Brazil, etc., they are simply buying gold.
On the other hand, differentiation means that the products or services offered are heterogeneous or different. When products are differentiated, customers will buy them because they like them more than the competition. E.g. you buy Coke because you like it more than Pepsi or any other brand.
Some products will naturally tend to be commodities, e.g. agricultural products, but others go through a commoditization process that is not natural. E.g. banks offering homogeneous checking or savings account. The problem with commoditization happens when one company simply decides to offer something different. Before Amazon, internet retail was basically non-existent. But when Amazon came by, they decimated or virtually eliminated the major brick and mortar players. During many years Sears was the number 1 retailer in the world, then came Walmart. But after Amazon came, even Walmart's long term survival is doubtful and Sears, JC Penny, Toys R Us, Radio Shack, and many others are either extinct or about to become extinct. The new norm is online retailing now.
Answer:
d. a strategy used to search through the rule base in an expert system by forward chaining or backward chaining.
Explanation:
inference engine is related mainly with artificial intelligence development. it is used to program logics to the system.
Answer:
See the explanation for the answer.
Explanation:
(a)
Bonds are issued at face value
date Account debit credit
Jan 1 ,2019 cash $379,500
bonds payable $379,500
[to record cash received
against bonds issued]
b.
Interest accrued from Jan-Dec = $379,500*7% = $26,565
Account
Dec 31 ,2019 Interest expense $26,565
Interest payable on bonds $26,565
As interest is accrued it will be expensed
.
However, it is not paid so it will be interest payable
c) Interest paid
Debit Credit
Jan 1 ,2020 Interest payable on bonds $26,565
Cash $26,565
Answer:
The function that is responsible for ensuring that those products and services meet high quality standards are the OPERATIONS
Explanation:
Operations management is the business function which is responsible for managing the process of creation and coordination of goods and services. It involves planning, organizing, coordinating and controlling all the resources needed to produce a company goods and services. And it also ensures that products and services meet high quality standards.
Answer:
will smith
Explanation: will smith duhh
