Answer: 1) Carol can use the surve results to . identify the building blocks of competitive advantage and develop strategies to use them to increase profitability and in this way try to get the most out of it.
2) Strategically, managers who have identified these advanced factors should <u>take steps to protect these assets, either formally or as a trade secret, optimize the company's use of them and not outsource them to other firms </u>because it is convenient to try that the competition does not find out about the use of this factor of production so that it cannot imitate them and thus be able to gain a greater market share to the competition.
3) The statement "in response to requests from customers for healthier food on the menu, a restaurant tweaks its recipe for its most popular sandwich to remove processed ingredients and replace them with fresh vegetables." describes a strategy that adds value to multiple factors as it goes through several activities in the value chain because the company's decision to use less processed ingredients and more fresh vegetables not only facilitates production but also responds to a customer need, which will value the products even more.
Answer:
-$20,000 short fall
Explanation:
July:
Total cash available:
= Cash balance + Cash collections
= $12,000 + $67,000
= $79,000
End cash:
= Total cash available - Cash payments
= $79,000 - (33,000 + 12,000)
= $79,000 - $45,000
= $34,000
August:
Total cash available:
= Cash balance + Cash collections
= $34,000 + $33,000
= $67,000
End cash:
= Total cash available - Cash payments
= $67,000 - (34,000 + 20,000 + 33,000)
= $67,000 - $87,000
= -$20,000 (Short fall)
Answer:
Direct material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($10 - $7) x 1,300 pounds
= $3,900(F)
Explanation:
Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.
Answer:
C. Supply Curve
Explanation:
Supply : Quantities sellers are able & willing to sell at a price , period . Determinants : Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .
Change in supply due to Price is 'Change in Quantity supplied' , leads to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve
Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .
Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .
