Answer: the firm will have a temporary competitive advantage
Explanation: The firm in question would have a temporary competitive advantage. Competitive advantage describes something that places a company or business or a person above the competition such as value, rarity, difficult/costly-to-imitate amongst others. However, where a substitute is already in existence for such service, then the firm would have a temporary competitive advantage.
They are all true except for local movies and restaurants
The Delphi technique (Delphi method) was developed by RAND in 1950. It's goal was to forecast the impact of technology on warfare. Now it is used as a method of group decision-making and forecasting with help from judgments of experts.
During the interview the local business said that one of his biggest challenges is to motivate his employees. Applying the Delphi method to this problem, would be to ask motivation experts to explain the problem in details and to find solution. First every of the experts will suggest individual solution of the problem. Next they all together will coordinate and combine their ideas and give one solution. The Delphi method is very powerful.
Answer:
6.30%
Explanation:
Calculation to determine what The simple rate of return on the investment is closest to
Using this formula
Simple rate of return= Annual net profit / net investment
Let plug in the formula
Simple rate of return= (138,500-89,300)/(803,700-22,300)
Simple rate of return= 49,200/781,400
Simple rate of return= 6.30%
Therefore The simple rate of return on the investment is closest to 6.30%
