A <u>competitive advantage </u>must provide the new business with the opportunity to make money in excess of the competition.
<h3>What is competitve advantage?</h3>
Competitive advantage refers to the factors that allow a company to produce goods or services better or at a lower cost than its competitors. These factors allow the production unit to generate more revenue or higher profit margins than its competitors in the market. Competitive advantage is due to many factors including cost structure, brand image, product quality provided, distribution network, intellectual property and customer service.
Competitive advantage is what makes an entity's products or services more attractive to customers than any other competitor.
Competitive advantage can be divided into comparative advantage and differential advantage.
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The answer to your question is accounting and purchasing
We have:
Net Income = 2,400
Beginning total assets = 30,500
Ending total assets = 20,000
Return on asset is net income divided by average total assets.
Average total assets = ( beginning total assets + ending total assets)/2
= (30500 +20000)/2
= 25,250
Return on asset = net income/ average total assets
= 2400 /25250
=9.50%
Therefore, Return on asset would be 9.50%.
Answer:
Im pretty sure its Natural resources are limited, but manufactured resources are unlimited.
Explanation:
