The firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
Firms that adopt the Cost leadership strategy does so to earn higher returns and competitive advantages through of offering of products at lowest prices in the market.
The core competencies in manufacturing and logistics includes pro-activeness, ability to handle documents properly, strategic thinking, forward thinking, logical decision-making, networking abilities etc
However, the firm must ensure upgrading the departments core competencies through making sure that employees have the innate ability or skills demanded.
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Piaget’s concrete operational stage is characterized by the active, appropriate use of: logic.
Jean Piaget was a developmental biologist and psychologist who was born on the 9th of August, 1896 in Neuchâtel, Switzerland.
Piaget worked extensively on cognitive development in infants and teenagers based on the following:
Jean Piaget's stages of cognitive development in an ascending order includes;
I. Sensorimotor stage.
II. Preoperational stage.
III. Concrete operational stage.
IV. Formal operational stage.
The concrete operational stage is typically described as age 7 through age 11, at which the child thinks logically.
In conclusion, the active, appropriate use of logic is a feature of John Piaget’s concrete operational stage.
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Answer:
a. tries to differentiate its product from competitors' products.
Explanation:
A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .
An example of a monopolistic competition is a restaurant.
The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.
If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.
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Answer:
March 31, outstanding debt $25,000
During April $10,000 more merchandise is sold to Cars inc. (COGS $8,000)
Cars paid $12,000 to Preston to lower its accounts payable
On March 31, Preston's balance sheet showed an accounts receivable of $25,000.
On April 30, the accounts receivable balance is $23,000, the cash balance increased by $12,000 and retained earnings should increase by $2,000.
The income statement should show an increases in sales revenue of $10,000 - $8,000 COGS = $2,000 profit (which increases retained earnings).