An organization is more likely to generate above-average returns the more it can positively impact the environment of its industry.
The general rules of competition that affect all companies that offer comparable goods and services. Industry environment is a concept that Harvard professor Michel E. Porter advanced into the forefront of strategic thinking and company planning. The core of his work, which outlines the five factors that affect industry competition, first appeared in the Harvard Business Review. Strategic managers can link distant issues to their influence on a firm's operating environment with the use of his well-defined analytical framework.
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Answer:
The variance is 4,000 - 4,200 = -200 (favourable variance).
Explanation:
To know the production variance in this exercise, we first need to know the total standard cost, then calculate the difference between the actual cost and the standard one.
Total standard cost = production volume x hour used per one unit produced x overhead cost per hour = 1,000 x 3 x 1.4 = 4,200
So, the variance is 4,000 - 4,200 = -200 (favourable variance).
Answer:
Exploration
Explanation:
The exploration phase of the relationship development process occurs when both parties (seller and buyer) test the actions of the other party. Both parties will explore or try how the business relationship may develop, since they are not committed yet to start a relationship.
The owner accepted to purchase a small number of uniforms to try how good or bad they are. Andy is also testing if what the owner says is true about opening new centers and needing a lot of uniforms before making an offer for a larger lot.
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Answer:
a.$46,000
Explanation:
A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.
Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals
Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000
Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000
Jordon's Ending Capital Balance = $46,000
