Answer:
b. False
Explanation:
In a competitive environment, pricing strategy is one of the strategies to ensure efficiency and profitability. But lowering of prices at the expense of deterioration in the quality of product offerings cannot be a recommended strategy.
The four competitive strategies specified by Michael Porter are namely, Cost Leadership, Differentiation, Cost Focus and Differentiation focus.
Under Cost leadership, a firm strives to offer it's products at the lowest cost and be the cost leader in an industry.
Differentiation refers to adding unique attributes and values to the products which differentiates such products from those of the competitors.
Cost focus refers to cost leadership when targeted at a particular marketing segment and similarly, differentiation focus is differentiation when applied to a specific marketing segment.
A firm cannot focus at price at the expense of quality of it's offerings. Thus, keeping prices down isn't all which matters.
Answer:The major advantage of avoidance technique in risk management is that it is cheaper than every other method of risk management.
It is possible to avoid all potential loss by company
Explanation:The technique of avoidance save the company deploying it in risk management the stress of paying fines ,loss of funds , reputational damages that may arise among other things should a potential risk crystallized into full blown loss.it involves setting up method or safeguard that protects the institution from a certain level of risk ,it might involves abstaining from certain trasaction as a whole or setting risk limits for certain amount of trasaction,above this limits,it's no deal.
It is possible to avoid potential loss to a barest minimum by adopting the best risk management techniques as applicable,this include hedging in case of currency exchange ,taking insurance against unforseen circumstances, adopting industry best practices,avoiding illegal or overly risky ventures,having a proper risk management team in place.etc
Answer:
it would be easier if you enter these into a tabular format, so you can then do the calc on excel or copy and paste here for ppl to see it clearly. The presentation of business information is important for the intended audience
Explanation:
Answer:
bribery
Explanation:
Bribery, the act of offering, granting, accepting, or authorizing to receive payments or any other object of consideration with the dishonest intent of manipulating a government official in performing his work duties. If money is given or agreed in return for a dishonest act, each act does not have to be done by the professional concerned.
While bribery primarily included contact with judges, its concept has already been extended to provide acts by all types of government representatives, from municipal to federal level, and to include all federal employees.
Answer:
the depreciation base of this asset is $161,500
Explanation:
Depreciation Base is the Value that is divided y the useful life to obtain the depreciation charge of an asset.
Depreciation Charge under straight line method is calculated as :
Depreciation = (Cost - Salvage Value)/Number of Useful Life
Therefore depreciation base of this asset is $175700 - $14200 = $161,500
