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Travka [436]
3 years ago
11

Which of the following activities would be most helpful in figuring out what your company's competitive advantages are?

Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0
Checking your profits vs expense, and seeing which areas generate more profit. From there, you can choose between putting more money into the areas that are more profitable to you & decreasing the amount of money into areas that don't do as well, or continue another season to see if it is the same (as results can vary depending on the supply vs demand)

hope this helps
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A properly marked source document contains some Secret information. A new document does not contain the same information. Howeve
navik [9.2K]

Answer:

Revealed by.

Explanation:

Revealed is to make (previously unknown or secret information) known to others.

3 0
3 years ago
A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:
Elena-2011 [213]
Revenue = $752,800
Cost of goods sold = $301,800

To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had. 
7 0
4 years ago
A monopoly produces X at a marginal cost of $10 per unit and charges a price of $20 per unit. Determine the elasticity of demand
irina [24]

Answer:

-2

Explanation:

To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:

Lerner's\, Index=\frac{P-Mg\,Cost}{P}=\frac{1}{|\eta_d|}

Replacing \frac{20-10}{20}=\frac{10}{20}=\frac{1}{2}

Then we get that the elasticity of demand is \eta_d=-2

6 0
4 years ago
Why is it a good idea to know the size of your vehicle’s engine?
DerKrebs [107]
There are numerous reasons why it is a good idea to know the engine size of a vehicle. The size of an engine will let a driver know the horespower that the car has. It will also let the person know how much fluids are needed in the car such as oil, transmission fluid, radiator fluid, etc. The size of the engine is also needed when a person goes to buy a battery for the car. The size of the engine is also needed when you go and buy parts for the car. 
4 0
4 years ago
Read 2 more answers
Explain if you believe all businesses should have the same promotional strategies.
Tanya [424]

Answer:

All businesses today have plenty of choices to promote their products or services. In order to create your brand's promotion, it is necessary to, first of all, have a good idea of what makes your product or service unique and what makes you differ from others in the competitive field – this helps you to discover how to promote your company.

Explanation:

Advertising is far-reaching, which allows a large number of people to promote their business. TV, radio, newspapers, magazines, billboards are traditionally included. Social media, ad search ads, notebooks, e-mail are included. These help to build a brand image to reach new and existing customers for companies.

Whilst personal sales are one of the most costly forms of promotion, they are also one of the most effective because they are related. Personal sales involve one person, in person, on the phone, or by e-mail, reaching your consumers.

Public relations, which involves developing a positive brand image in the media, are one of the best promotion techniques. It is a means of reaching your target audience through the sharing of favorable business information. Public relations efforts can be undertaken through press conferences, press releases, and media interviews.

In the short term, a sale promotion is a good way to improve your profit. Such promotion involves discounts, coupons, competitions, awards, loyalty programs, and other incentives that entice customers directly to purchase products.

7 0
3 years ago
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