The extent tot which sisters business units have value chain match-ups that offers opportunities to employ the same basic competitive approach and pursue the same type of competitive advantage.
Businesses are said to be related if their value chains have competitively advantageous cross-business strategic relationships, whereas they are said to be unrelated if their value chains are too dissimilar to have any such connections.
Competitive strategy is a long-term action plan used by businesses to gain an edge over their competitors. This plan aims to generate an above-average position and a superior Return on Investment. When businesses face a competitive market and have a variety of similar products available to consumers, this strategy is crucial.
Since it requires making a long-term commitment to providing goods and services at lower prices than competitors, the cost leadership strategy is challenging for small businesses to implement.
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Answer:
c.Equilibrium price will rise; equilibrium quantity will rise.
Explanation:
If there's an increase in demand and supply remains unchanged. The demand curve would shift to the right and there would be an excess of demand over supply. Equilibrium price and quantity would increase.
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Answer:
Journal Entries:
1. Debit Sales Returns & Allowance $1,040
Credit Accounts Receivable $1,040
To record the estimated cost of returns.
2. Debit Inventory $333
Credit Cost of goods sold $333
To record the estimated cost of the goods returned.
Explanation:
a) Data and Analysis:
1. Sales returns and Allowances $1,040 Accounts receivable $1,040
2. Inventory $333 Cost of goods sold $333
The first journal entry records the estimated returns to be made by the customers by debiting the Sales returns account (a contra account to the sales revenue account). The corresponding credit entry in the Accounts receivable shows that a part of the accounts has been cancelled as a result of the estimated sales returns.
The second journal entry records the estimated cost of the goods to be returned by debiting the Inventory account and crediting the Cost of goods sold account. This cancels earlier records.
This is true because any hard skill is teachable if one is willing to learn the skill by learning the skill and learning the way to use the skill one can learn it.
The Correct Answer is (c) Only employees of a particular skill (craft union) or work (industrial union) which is Option C.
Craft unions organize workers along occupational lines and Industrial unions join everyone who works for one employer, or one industry, into one union
The certification process formalizes the collective bargaining relationship. Once a union is certified for a group of employees, the union becomes their exclusive bargaining agent. Unless the bargaining unit is later decertified, the employer is required to bargain in good faith to reach a collective agreement.
<h3><u>What is NLRA and its purpose.?</u></h3>
- National Labor Relations Act - The NLRA protects workplace democracy by providing employees at private-sector workplaces the fundamental right to seek better working conditions and designation of representation without fear of retaliation.
- The NLRA applies to most private sector employers, including manufacturers, retailers, private universities, and health care facilities.
To know more about NLRA, check the given link.
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Correct Question - The certified union for a bargaining unit is granted an exclusive right under the NLRA to represents
A) All non-management employees within the company
B) All union employees
C) Only employees of a particular skill (craft union) or work (industrial union)
D) All employees in that unit, union, or nonunion
