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3 years ago

which one of Porter's generic strategies is achieved by constructing efficient, large-scale facilities

Business

1 answer:

dem82 [27]3 years ago

3 0

Answer: Overall Cost Leadership

Explanation:

Porter posited that one way a company can attain a competitive advantage in an industry is by overall cost leadership.

This means that the company needs to be able to produce goods and services in a cheaper and more efficient way than its competitors because then it can sell its products for cheaper prices and capture more market share.

One way of achieving cost leadership is by constructing efficient, large-scale facilities that will enable the company to take advantage of economies of scale and achieve less costs per unit.

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Which of the following would not shift the aggregate demand curve? rev: 06_12_2018 Multiple Choice Foreign-exchange rates Real i

tester [92]

Answer:

All of the mentioned factors will cause a shift in the aggregate demand curve either leftward or to the right

Explanation:

The demand curve is the level of consumption consumers are able to put up to match the available supplies within an economy at any period in time.

This curve is either increasing positively or declining subject to factors other than supply.

Foreign Exchange Rates

Foreign exchange play a strong role in deciding if a demand for a product would increase or decrease subject to changes in the value of the USD compared to other international currencies.

if a product Raw Material is sourced from Taiwan, and for some reasons of stability in Taiwan there is an improvement in the conversion of their currency vs the USD, this would mean the Per Ton cost of such raw material to USA will increase. And which in turn will lead to Price increases to cover the cost of the Products.

The effect of this is demand will shrink

If it was the reverse as well, there is likelihood Demand will improve from the USA consumer point of view.

Real Interest Rates

Interest rates will determine how much one would wish to invest in a product. if Interest rates are favorable then the Cost of doing business will be less whilst Margin and profitability will improve. But if interest rate is adverse to business, spending will be discouraged so as to retain profitability within the Business

This factor plays a pivotal role in the shift in aggregate demand curve

Income tax rates

If the income tax rate is raised disposable income is weakened and Demand power also declines

If otherwise, it serves as a potential tool for increasing the demand of a product

Productivity Rates

This builds efficiency to the way businesses operate it doesn't directly, and the way consumers spend. Thus, it has the capacity of widening the Margin for the average investor through his demand for that product.

8 0

3 years ago

When a job order costing system is used, actual manufacturing overhead costs are debited to ________?

dangina [55]

The term manufacturing overhead represents all factory-related costs that are incurred when a product is manufactured. When a job order costing system is used, actual manufacturing overhead costs are debited to the Manufacturing Overhead account. It includes both direct materials and direct labor.

3 0

3 years ago

Alcorn Service Company was formed on January 1, 2018.

g100num [7]

Of smartness and identity with the 2018-2019 sequence

4 0

3 years ago

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl

algol13

Answer:

a. 2.63

b. 139 days

Explanation:

a. Inventory Turnover is a ratio that measures how often inventory is replaced by a company. A higher ratio is good because it means that the company is selling more.

Formula;

= $\frac{Cost of Goods Sold}{ \frac{Beginning Inventory + Closing Inventory}{2} }$

= $\frac{348,930}{ \frac{108,738 + 156,748}{2} }$

= $\frac{348,930}{132,743}$

= 2.63

b. Days in Inventory refers to the amount of time that stock remains in the company before it is sold. This is preferred to be lower as opposed to higher.

= $\frac{365}{Inventory Turnover Ratio}$

= $\frac{365}{2.63}$

= 138.78

= 139 days

8 0

4 years ago

Veneer Corporation has a competitive advantage in contract manufacturing of small electrical components and expects their compet

Burka [1]

Answer:

Assets 2018 2019 2020 2021

Current Assets:

Cash 368 1,823 1,721 2,270

Account Receivavle 1,622 1,599 1,919 2,303

Inventories 544 590 708 850

Current Assets 2,534 4,012 4,348 5,422

Fixed Assets

Fixed Assets 7,800 8,474 8,898 9,343

Accumulated depreciation -580 -730 -847 -890

Net Fixed Assets 7,220 7,744 8,050 8,453

Total 9,754 11,756 12,398 13,875

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Account Payable 370 512 614 737

Short term debt 1,800 2,288 2,288 2,288

Total Current liabilities 2,170 2,800 2,902 3,025

Long Term Debt 5,070 5,392 4,852 4,312

Shareholders' Equity:

Common Stock 1,000 1,000 1,000 1,500

Additional paid in capital 2,000 2,000 2,000 2,000

Retained earnings -250 797 1,876 3,270

Total 2,750 3,797 4,876 6,770

Treasury stock -233 -233 -233 -233

Total Shareholders' Equity: 2,517 3,564 4,643 6,537

Total 9,757 11,756 12,398 13,875

-3 0 0 0

Statements of Income

2018 2019 2020 2021

Revenues 16,389 18,210 21,852 26,222

Cost of goods sold 10,832 12,035 14,442 17,330

Gross profit on sales 5,558 6,175 7,410 8,892

Operating expenses 3,521 3,912 4,694 5,633

Depreciation 150 150 117 42

EBIT 1,887 2,113 2,598 3,216

Interest expense 603 502 384 357

Income Taxes 449 564 775 1,001

Net Income 835 1,047 1,439 1,859

Explanation:

Assets 2018 2019 2020 2021

Current Assets:

Cash 368 1,823 1,721 2,270

Account Receivavle 1,622 1,599 1,919 2,303

Inventories 544 590 708 850

Current Assets 2,534 4,012 4,348 5,422

Fixed Assets

Fixed Assets 7,800 8,474 8,898 9,343

Accumulated depreciation -580 -730 -847 -890

Net Fixed Assets 7,220 7,744 8,050 8,453

Total 9,754 11,756 12,398 13,875

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Account Payable 370 512 614 737

Short term debt 1,800 2,288 2,288 2,288

Total Current liabilities 2,170 2,800 2,902 3,025

Long Term Debt 5,070 5,392 4,852 4,312

Shareholders' Equity:

Common Stock 1,000 1,000 1,000 1,500

Additional paid in capital 2,000 2,000 2,000 2,000

Retained earnings -250 797 1,876 3,270

Total 2,750 3,797 4,876 6,770

Treasury stock -233 -233 -233 -233

Total Shareholders' Equity: 2,517 3,564 4,643 6,537

Total 9,757 11,756 12,398 13,875

-3 0 0 0

Statements of Income

2018 2019 2020 2021

Revenues 16,389 18,210 21,852 26,222

Cost of goods sold 10,832 12,035 14,442 17,330

Gross profit on sales 5,558 6,175 7,410 8,892

Operating expenses 3,521 3,912 4,694 5,633

Depreciation 150 150 117 42

EBIT 1,887 2,113 2,598 3,216

Interest expense 603 502 384 357

Income Taxes 449 564 775 1,001

Net Income 835 1,047 1,439 1,859

7 0

3 years ago