All categories

3 years ago

When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?

1 answer:

5 0

The answer to the missing word on the statement above is market focus. When a firm competes in a geographically defined specific are, it is using a market focus. For a business to be market-focused, you have to look outside the company for input and data essential to create strategic and tactical judgements. Market focus means you have to have a great deal of understanding your customers. It also means you have to know your competitors very well, and anticipate their next moves.

You might be interested in

During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of

AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

Required expense for year = $30650 - $2,600

Required expense for year = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

8 0

3 years ago

he value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of two elements

nekit [7.7K]

Answer:

TRUE

Explanation:

Using the Gordon Growth Model, we can adequately demonstrate that the dividend and price of a share are both components of the cashflow to be considered in share valuation.

Price per share is found to be D(1) / (r - g)

where:

Do = Dividend now

D1 = Dividend in year 1

g = growth

r = required return

So we see that the market price of a share which determines the market capitalization of a company is predicted by a growth in dividends. So the benefits of holding a share will not only depend on how much the share is sold now as against how much it can be sold in the future (in order to make a gain), but also how much you can be earning until such sale occurs.

3 0

3 years ago

If a team of three workers, each making the U.S. Federal minimum wage, produced these 12 rugs, what would the total labor cost b

sergiy2304 [10]

You need to know how many hours it took these workers to make the rugs to determine the labor cost.

4 0

3 years ago

A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p

sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0

2 years ago

Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure t

strojnjashka [21]

Answer:

Project Scope Management is the applicable knowledge area.

Explanation:

Project Management involves the use of knowledge skills, tools, techniques to meet the requirement of the project. Other knowledge areas in Project Management include;

Project Procurement Management

Project Risk Management

Project Integration Management

Project Communication Management

Project Human Resource Management

Project Time Management

Project Cost Management

Project Quality Management

Project Stakeholder Management

Project Scope Management involves explaining what the project will entail. It ensures people have a clear understanding of what the project is about.

5 0

3 years ago