Answer:
The answer is full line strategy.
Explanation:
Full-line strategy is a product line strategy in which there are many variations of a product. The idea is to capture as wide as possible different number of customers.
In the example with proctor and Gamble, by offering and bombarding the market with detergents under different names, the customer is left with an illusion of choice. Not knowing that they are all under the same family. This ensures that no matter, the customers' choice, the sales is still coming to the parent company.
Answer:
$178
Explanation:
Given that,
Firm's projected next year quarterly sales:
Quarter 1 = $960
Quarter 2 = $890
Quarter 3 = $980
Quarter 4 = $1,050
Beginning accounts receivables = $212
Collection period = 18 days
Collection in current quarter:
= (90 - Receivable period) ÷ 90
= (90 - 18) ÷ 90
= 0.80
Accounts receivable at the end of current quarter:
= 1 - Collection in current quarter
= 1 - 0.80
= 0.20
Accounts receivable at the end of quarter 2:
= Accounts receivable at the end of current quarter × Sales in quarter 2
= 0.20 × $890
= $178
Answer:
1. Flexibility: Small businesses experience less bureaucratic inertia. This enables them to respond to changes in the market more quickly than big companies that have to jump through their own hoops. Small businesses can maneuver where big businesses lack the speed. In a world that is continually speeding up, businesses are facing the challenge of adapting quickly.
2. Personal: Small businesses can be personal in ways that big ones cannot. This allows for more meaningful interactions between businesses and customers. Big companies spend massive amounts of money trying to create this same level of personal engagement.
3. Passion: When a business is a run by a smaller number of people or just one self-employed individual you often see more pure passion. That passion hasn’t been diluted by large staff and or altered by a compromised vision.
4. Independence: With less bureaucracy comes more independence. Small business entrepreneurs are able to exercise with much more independence, which is often part of what got them into running a small business in the first place.
5. Best in their niche: It’s hard to please everyone, and where super companies are trying to please the majority a small business can zoom in on a niche and provide them with exactly what they need.
6. Local Contributions: Small businesses typically circulate more of their revenue back into their local community. This makes the local economy more resilient, which in turn makes the global economy more resilient.
Explanation:
.
Answer:
Provide accounting information that serves external users.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. Examples of financial statements includes Balance sheet, cash-flow and income statement.
Hence, the primary objective of financial accounting is to provide accounting information that serves external users so as to enable them have a good understanding of the financial inclination of a business firm and thus, make an informed decision whether or not to invest in the business firm.