Answer:
Which of the following statements is true of the sources of competitive advantage?
It is possible to improve quality and also enhance speed.
Explanation:
It is possible to improve quality and also enhance speed, competitive advantage helps to improve quality as a result of the competition from others as well as increase in speed at which it will be carry out in order to outsmart other competitor.
Answer:
Top 5 industries in Houston:
- Petroleum and coal products.
- Chemicals.
- Oil and Gas extraction.
- Construction and Mining machinery.
- Plastics.
Other sectors supported by Energy sector.
- Real Estate - oil workers are able to rent and buy houses.
- Finance and Insurance - due to investments in the Energy industry as well as salaries enabling investments in other finance products.
- Retail Trade - Employees in energy are able to afford goods and services offered by retail trade thereby supporting the sector.
- Government - Huge taxes generated from energy sector jobs contribute to both the Federal and State governments.
- Agriculture - As is the case in other sectors, energy sector employees spend a lot on food which props up the agricultural sector.
- Construction - With the massive construction projects needed in the energy sector, the construction sector gains massively from interacting with the energy sector.
Answer:
B: Brainstorming a solution
Explanation:
Problem-Solving by Brainstorming
-ask questions
-write down ideas
-create graphic organizers
-use existing ideas to come up with new ones
Answer:
Variable overhead efficiency variance= $3,000 favorable
Explanation:
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 3*15,000= 45,000 hours
Actual quantity= 44,000 hours
Standard rate= $3 per hour
Variable overhead efficiency variance= (45,000 - 44,000)*3
Variable overhead efficiency variance= $3,000 favorable
Answer:
Trade credit
Explanation:
Trade credit is an agreement between two businesses where the supplier agrees to supply goods to a trader and collect payments later. There is no payment at the delivery of the products, but the supplier allows for later payments.
Trade credit allows traders to sell the product at first, deduct profits from the revenue and pay the supplier later. Trade credit can harm a business if the credit aspect is expensive. Should the trader negotiate for good credit terms, then trade credit is a viable option for inventory purchases.
