Short definition for business cycle ?

The first step in strategy implementation involves articulating in simple language what a particular business must do to create

jarptica [38.1K]

In the strategy implementation stage, there are certain things done to create and sustain a competitive advantage and this involves the definition of strategic goals.

<h3>What is Competitive Advantage?</h3>

This refers to the business situation whereby a company is able to outperform its competition.

Hence, we can see that when making strategic planning and implementation, there is the planning and making of contingencies for a meeting of set company goals to enhance the competitive advantage.

Read more about competitive advantages here:
brainly.com/question/26514848

5 0

2 years ago

The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol

Reil [10]

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.

7 0

3 years ago

Match each term with the correct definition.

JulijaS [17]

Answer:

1. Economics - The social science concerned with how individuals, institutions, and society make optimal (best) choices under conditions of scarcity.

2. Opportunity cost - The next-best thing that must be forgone in order to produce one more unit of a given product.

3. Marginal analysis - Making choices based on comparing marginal benefits with marginal costs.

4. Utility - The pleasure, happiness, or satisfaction obtained from consuming a good or service.

6 0

3 years ago

Talbot Riding Stables provides stables, care for animals, and grounds for riding and showing horses. The account balances at the

Goshia [24]

Answer:

See answers below in the explanation

Explanation:

Journal Entries :

Journals

<u>Date Account and Explanation Debit Credit </u>

a Accounts receivable 210300

Service Revenue 210300

(Record earned revenue)

Cash 62300

Service Revenue* 62300

(Record earned revenue)

b cash 199100

accounts receivable** 199100

(Record collection Account)

*$41000+$20500=$62300

**$4400+$210300-$$15600=$199100

c Supplies 62900

Accounts Payable 62900

(record purchase of supplies on credit)

d Supplies 7400

Cash 7400

(record purchase of supplies

e Wages Payable 14200

Cash 14200

Record Payment of previous wages

Wages Expenses 112000

Cash 112000

(Record Payment to Employees)

f Income Tax payable 15100

cash 15100

(Record Payment of Income taxes

g Accounts Payable 73000

cash 73000

(record payment of account)

h Interest Expense 2700

Interest Payable 2700

Cash*** 5400

(Record Payment of Interest)

i No journal entry required

j Property Taxes Expense 17000

cash 17000

(Record payment of property taxes)

k Dividends 7200

Cash 7200

(Record Payment of dividends)

*** $60000*9%=$5400

6 0

3 years ago

Which of the following is an owner of a fee simple absolute NOT able to do...? Lease the property to another Pledge the property

xxTIMURxx [149]

Answer:

Correct Answer:

4. Build beyond the property line of the land

Explanation:

Fee simple absolute is an estate in land, which is a form of freehold ownership. It is a way that real estate and land may be owned in common-law countries. And, also is the highest possible ownership interest that can be held in real property.

7 0

4 years ago