Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
Answer:
Absolute, Comparative, Opportunity cost, Gains of trade, Not possible
Explanation:
The terms that will be filled in these blanks are economic terms that are used often in the business. The completed sentences have been written below -
- To have absolute advantage means to be able to produce more using the same resources.
- To have comparative advantage means to have a lower opportunity cost.
- Comparative advantage is the basis for gains of trade.
- It is not possible for one producer to have a comparative advantage for every good.
Answer:
Percent increase as a result of expansion = 30%
Price of admission = $35
Cashflow attributable to the park's expansion = Estimated attendance without expansion * percent increase as a result of expansion * admission fee - additional operating costs per year.
Year 1
= 31,000 * 30% * 35 - 100,000
= $225,500
Year 2
= 35,000 * 30% * 35 - 100,000
= $267,500
Year 3
= 36,750 * 30% * 40 - 100,000
= $341,000
Year 4
= 38,500 * 30% * 40 - 100,000
= $362,000
Year 5
= 42,000 * 30% * 40 - 100,000
= $404,000
Answer:
Zero-cupon bond= $835.45
Explanation:
Giving the following information:
Face value= $1,000
YTM= 11.3%
Years to maturity= 16 years
<u>To calculate the price of the bond, we need to use the following formula:</u>
<u></u>
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= 1,000 / (1.113^16)
Zero-cupon bond= $835.45
The changes would directly impact our Exports.
When the national income of our trading partner increased, the purchasing capabilities that they have would also be increased.
Which means that we could sell a lot more product to that partner (increasing the export)
