Answer:
Competitive advantage
Explanation:
An entity can be distinguished from its competitors by having Competitive advantage. A company is favorable and superior in the market have the competitive edge over all other competitors.
A different different and better product from the competitors that customers find better than competitor's product e.g Brand names, product reliability, and services make the company competitive in the market
Competition has driven the economic profits in the dog grooming business to zero. surya bacha, would be better off leaving the industry for another alternative. This statement is false.
<h3>What is economic profits?</h3>
Economic profit is the difference between implicit costs and accounting profit. Implicit cost is the cost of the next best option that is forgone when one option is chosen over another option. For example, if Surya left his job as an accountant to start his business. If he earns $100,000. His implicit cost would be $100,000.
Economic profit = accounting profit - implicit cost
Accounting profit is the difference between explicit cost and revenue. Explicit cost is the cost that is actually incurred. An example of explicit cost is the wages paid to labor.
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The $4,500 balance in prepaid insurance represents the premium paid in advance for a three-month liability insurance policy. assuming that 2 months of premium has now expired, the adjustment would be recorded in the worksheet as a debit to Insurance Expense, $3,000
<h3>What is insurance?</h3>
Insurance is referas as a technique that helps in securing an individual from any kind of financial loss or risk by taking the policy in which compensation is received to policyholder by paying some premium.
In this case 4,500 balance in prepaid insurance where a 3-month liability insurance policy was paid in this case Rs 3000 will be debited to insurance expense.
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Answer:
Myers-Briggs Type Inventory
Explanation:
The Myers-Briggs typology is a test used to identify personal characteristics and preferences. This test is the most widely used personality assessment in the world and is considered highly reliable in consideration of other psychological tools that it aims to conclude by reporting the individual's personality and compartment. This quiz is a personality assessment tool used for team development and leadership that identifies employee preferences for energy, information gathering, decision making, and lifestyle.