For a differentiation strategy to maintain a company's strategic situation and increase its competitive advantage an increase in value creation much surpass the increase in costs.
<h3>How does a differentiation strategy benefit in gaining a competitive advantage?</h3>
Differentiation gives a party two advantages:
-It can allow the firm to charge a premium price for its good or service, should it choose to do so.
-It can help the firm to grow overall need and capture market share from its rival.
A generic strategy attempts to convince clients to pay a premium price for its good or services by supplying unique and desirable features. Using a differentiation strategy suggests that a firm is contesting based on uniqueness, rather than price.
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Answer:
Industrial capitalism is a system both social and economic whereby industry and resources are owned by few for profit.
Explanation:
In order to understand the term industrial capitalism, the term capitalism must first be understood.
Capitalism is an economic and political system in which a country's trade and <u>industry are controlled by private owners</u> for profit, rather than by the state.
Hence, Any society is capitalist if the means of production that is tools and materials belongs to the employer and not the employees and the employees produce commodities belonging to their employer. Otherwise, it would be socialism.
Industrial capitalism is therefore a system, both social and economic whereby <u>industry and resources are owned by few</u> for profit.
Answer:
$28,800
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
When the write off is done,
The Accounts Receivable balance = $32,900 - $1,210
= $31,690
Th allowance for doubtful debt account = $4,100 - $1,210
= $2,890
the net realizable value of accounts receivable immediately after the write-off is the difference between the accounts receivable and the allowance for doubtful debt account after writeoff
= $31,690 - $2,890
= $28,800
The United States economy is sometimes referred to as a modified free
enterprise system due to the fact that it is capitalist. This means that
there is no monopoly on a particular aspect of trade or business, so
anybody can start a company.
In Shadowing, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.
This is further explained below.
<h3>What is
Shadowing?</h3>
Generally, On-the-job learning, career growth, and leadership development are the three main focuses of the work shadowing program.
It requires collaborating with another worker, who could be engaged on a different task at the time, might have something to impart, etc.
In conclusion, When you participate in Shadowing, you go along with people to see how they use a product or service in a context that is more realistic and day-to-day.
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In _____________, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.
a. In-depth interviews
b. Shadowing
c. Ethnography
d. Customer profiling
e. Crowdsourcing
f. None of the above
