Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputation for excellent customer service will most likely result in a sustainable competitive advantage.
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Explanation:</u></h3>
When a firm offers its customers with any products that has higher quality and benefits or lower price that its competitors then it refer to the competitive advantage. It is the advantage that the firm attains when compared with their competitors.
There are many different kinds of competitive advantage that can be used by a firm such as cost, product differentiation, niche strategies, etc. It is the thing that is absent in the competitors. In the given example, Nordstrom has well known reputation for the service that it gives for its customers and hence it is the likely result of sustainable competitive advantage.
Answer:
The answers are:
A) Consulting revenue should be listed below the debited account as it is credited.
C) Accounts payable is not involved in this transaction.
D) The Consulting revenue account should be indented, as it is credited.
E) The correct account that should be debited is the Accounts receivable account.
Explanation:
The type of consumer product that this represent is: Specialty product.
<h3>What is specialty product?</h3>
A specialty product is a consumer product that a person tend to buy or purchase because the product are specially made or because the buyer like the unique features of the product.
A consumer may choose to spend heavily on a product that are more expensive or tend to buy a particular products or brand because they like the product or because the product gives them what they want.
Inconclusion the type of consumer product that this represent is: Specialty product.
Learn more about specialty product here:brainly.com/question/7062667
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Answer:
The correct answers are "How?"; "What?"; and "Who?" respectively.
Explanation:
To begin with, in the economics science there is a big importance that the professionals of the area give to answering the questions mentioned before. Those questions are: "What to produce?"; "How to produce it?" and "To who we produce it to?". And the importance in that resides in the fact that the economy itself as a whole and therefore the companies and small producers among them need to understand what are they going to produce for the economy, to who they will sell it to and how will the produce it.
In conclusion, when the firm decides to use skilled professionals to produce its output they are answering the question of "How?". When the firm decides to produce organic fruit rather than non dash organic fruit, then they are answering the question of "What?". And the when the firm finds out who gets the goods and services that are produced, they are answering the question of "Who?".
