When analyzing the industry, Bella Blooms must be concerned about the threat of substitute products or services.
This is one of the threats proposed by <em>Porter</em> in his model of the 5 forces that help to understand market competitiveness.
Bella Blooms must be concerned about the threat of substitute products or services because another fertilizer manufacturer has emerged with the same target market as the company, which could lead to a decrease in Bella Blooms market share.
In the threat of substitute products or services, the customer realizes that they can partially or totally substitute one product for another, which leads companies to actions such as:
- develop focused marketing strategies.
- adapt your processes to market needs.
Therefore, <em>Porter's</em> 5 forces model guarantees that through the analysis of market factors, it is possible to identify its strengths and weaknesses and adapt its strategy to be competitive and profitable in the market.
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Sole proprietorships are often owned by financial institutuins
Answer:
$20000
Explanation:
Given: Total cost of computer system= $50000.
Residual value= $5000.
Useful life= 5 years.
Now, calculating depreciation expense as per double-declining balance method.
⇒ 
⇒ 
∴ 
Hence, $20000 is the depreciation expense for first year as per double-declining balance method.
Answer:
The answers are:
- Dr accounts payable 1,000
- Cr cash 980
- Cr merchandise inventory 20
Explanation:
Since accounts payable is a liability, when it decreases, it should be debited. Since the merchandise was paid (less debt), then the company's liabilities decrease.
Since cash is an asset, when an asset decreases, it should be credited. LOL Music Store paid its debt in cash, therefore decreasing its cash account.
Since the purchase discount reduces the value of the inventory and inventory is an asset, when an asset decreases, it should be credited.
