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prisoha [69]
3 years ago
15

The five forces are not meant to replace __________ and __________ economic philosophies, which are part of making thorough deci

sions from a business perspective.
Business
1 answer:
Natasha_Volkova [10]3 years ago
3 0

Answer:

<u>analyzing</u> and <u>accepting.</u>

Explanation:

Porter's Five Forces, is a model of competitive analysis developed by Michael Porter, whose main objective is to assist the positioning of an organization in the market in which it operates.

For Porter, the five forces that can help a company to position itself in the market are:

  1. Competitive Rivalry.
  2. Supplier Power.
  3. Buyer Power.
  4. Threat of Substitution.
  5. Threat of New Entry.

According to the author, these five forces will be decisive for a company to align its strategy appropriately to the market in which it operates, adapting its microenvironment to the macroenvironment and then achieving essential competitive advantages to increase organizational profit.

Therefore, this tool is used as an analysis differential for companies to know their potential, correct the flaws and identify opportunities. But it is not able to replace economic philosophies, which continue to be an essential business assessment tool for decision making.

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On January 1, Year 1, Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest r
Over [174]

Answer:

e) $93,097

Explanation:

Interest for 1st year = $100,000*8%

Interest for 1st year =$8,000

Principal repayment for 1st year = $14,903 - $8,000

Principal repayment for 1st year = $6,903

Principal balance on January 1,Year 2 = $100,000 - $6,903

Principal balance on January 1,Year 2 = $93,097

3 0
2 years ago
Your customer is implementing Oracle Procurement Cloud applications with multiple Requisition Business Units. Each Business Unit
Blizzard [7]

Answer:

E. Procurement Requester

Explanation:

  • Internal supplier registration may come from one of the following three streams:
  • Sourcing Invitation: Suppliers can be invited to register through sourcing negotiations.
  • Internal Supplier Request: The Supplier Administrator may invite suppliers to register.
  • Self-service collection: The supplier requests a collection
  • Reference: Oracle Procurement Cloud Using Collection
6 0
2 years ago
At May 1, 2020, Sheridan Company had beginning inventory consisting of 190 units with a unit cost of $7.30. During May, the comp
s2008m [1.1K]

Answer:

$6.71 per unit

Explanation:

The computation of average cost method is given below:-

Beginning Inventory

= 190 units × $7.30

= $1,387

Purchases

= 720 units × $7.30

= $5,256

Purchases

= 590 units × $5.80

= 3,422

Total units = 1,500

Total cost = $10,065

So, average cost per unit

Total cost ÷ Total number of units

= $10,065 ÷ 1,500

= $6.71 per unit

Therefore, to calculate the average cost per unit for May we simply divide 10,065 from 1,500

7 0
3 years ago
Identify a true statement about the follow-up that salespeople should perform after a sale. Multiple Choice Salespeople should a
Jlenok [28]

After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.

The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:

  • Direct buyback
  • New task
  • Modified buyback
  • Product type

This monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.

Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.

Learn more here:

brainly.com/question/12607810

8 0
2 years ago
You decide to join the economics club, but this means you can't join the accounting club because it meets at the same time. Whic
asambeis [7]

The concept her is "the real cost of something is what you must give up to get it"

<u>Explanation:</u>

As we come across trade-offs it is a necessary to make decisions on the next best alternatives which is the principle of opportunity cost.

Opportunity cost is the benefits and advantages that a business entity or an individual loses on choosing one alternative decision over the other. It is calculated with the help of the following formulas,

\text{Opportunity Cost = Total Revenue - Economic profit}

Or,

\text{Opportunity cost }= \frac{\text{What one sacrifice}}{\text{What one gain}}

In economical terms, choices are measured in terms of opportunity costs.

4 0
3 years ago
Read 2 more answers
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