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natima [27]
3 years ago
8

Fashion Mart Corp., a clothing company, offers the best quality material made using the finest threads and advanced textile mach

inery. It offers an extended product guarantee to its customers, something that its competitors have found difficult to achieve. This guarantee claims that the clothes that Fashion Mart creates will not wear out even after 200 washes. This guarantee has helped Fashion Mart to retain its loyal customer base and to frequently get new customers. This scenario best illustrates ________.
Business
1 answer:
const2013 [10]3 years ago
7 0

Answer:

a differentiation advantage

Explanation:

This scenario best illustrates a differentiation advantage. This is basically when a company is able to offer a product that, despite being the same as the competitor's product, is slightly different or offers something that the competitors do not. This small difference is what attracts the customers and increases profits. In this case, Fashion Mart Corp is differentiating their product by providing a guarantee of quality, which the competitors offering similar products cannot offer.

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Suppose that France and Austria both produce rye and wine. France's opportunity cost of producing a bottle of wine is 4 bushels
miv72 [106K]

Answer:

France has comparative advantage in production of wine

Austria has comparative advantage in production of rye.

4 bushels of rye for each bottle of wine

1 bottle of wine for each bushel.

b. 4 bushel of rye per bottle of wine.

Explanation:

France has comparative advantage in producing wine as it has opportunity cost of 4 bushels per bottle of wine. Austria has comparative advantage in producing bushels as it has opportunity cost of 10 bushels per bottle of wine. The both countries can gain advantage if they agree for 4 bushels per wine.

3 0
3 years ago
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Zolol [24]

Answer:

The importer accepts this price, so his bank will <u>debit</u> the importer's account in the amount of <u>$500000</u>

Explanation:

Debiting an account removes money from the account. Crediting an account adds money to the account.

The bank will  therefore <em>debit</em> his account because the money will be taken out and paid to the exporter.

The amount that the importer pays in dollars can easily be calculate as:

€512,100 / €1.0242 = $500000

5 0
3 years ago
A leading game console manufacturer reduces the price of its flagship product by 10 percent. Holding other things such as income
nekit [7.7K]

Answer:

E (Last one, you didn't put a letter for it)

Explanation:

The answer is E because a price reduction, depending on how large it is, will mostly have an effect on consumer, or in this case, customer sales. In this case, since it is a smaller percentage, it may not have a very big effect though.

4 0
3 years ago
All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100
svetlana [45]
The answer is national banks chartered by the Office of the Comptroller of the Currency
6 0
2 years ago
West Corp. leased a building and received the $36,000 annual rental payment on June 15, 2004.
Shtirlitz [24]

Answer:

$7,200

Explanation:

West should recognize 6 months of rent during 2004 = $36,000 x 6/12 = $18,000

So West will recognize the remaining $18,000 in rent during 2005, but it decided that the operation will be taxed completely during 2004.

Since the future taxable income will be less than the future pre-tax accounting income be $18,000, then they must report a deferred tax asset = $18,000 x 40% = $7,200

The current tax rate is lower than the future tax rate, but West has to record its tax asset based on the future tax rate, not the current one.

3 0
3 years ago
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