1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
professor190 [17]
3 years ago
12

Question 1 (14 points)

Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

a. (6 points) Why would you want to differentiate your product?

Because differentiating your product is one of the two basic business strategies, the other one being reducing the price of the product. Differentiating your product allows you to gain competitiveness in a contested market.

b. (8 points) How would you do it? How would your product differ?

An product that can be differentiated is a yogurt. The market for yogurt is very competitive so differentiation is necessary. The yogurt could be flavored in less common ways: like saffron, kiwi or cucumber, and the technique could be adapted from Greek Yogurt to give a healthier style.

a. (5 points) Please explain in detail what this asymmetric information problem, and who is facing it (your firm or your consumers).

The problem of asymmetric information occurs when one party of the transaction has more information than the other party. In a typical business transaction, the managers of the firm have more information than consumers, so consumers would be facing the problem of asymmetric information.

b. (8 points) How do you think the technology that you use, affects the market structure and/or the demand of your product?

Technology can make the market structure more competitive or less, but it usually makes it more competitive. Technology also improves the productiviy and efficiency of the production process, which leads to costs reductions than pass through price. This in turn raises demands for the product.

You might be interested in
PLZ HELP!!! ILL MARK BRAINLY!!
telo118 [61]
Leadership skills,knowledge of a foreign language
5 0
3 years ago
Read 2 more answers
A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De
solniwko [45]

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

7 0
3 years ago
Assume General Electric Company reports the following footnote in its 10-K report. December 31 (In millions) 2016 2015 Raw mater
True [87]

Answer:

$ 244 million

Explanation:

Calculation for how much has GE saved in taxes by choosing LIFO over FIFO method for costing inventory

Tax rate Amount (In millions)

LIFO $ 10,315.00 35% =$ 3,610.25

FIFO $ 11,012.00 35% =$ 3,854.20

Savings in taxes $ (697.00) $ (243.95)

Hence,

Savings in taxes=$ 3,610.25 million-$ 3,854.20 million

Savings in taxes=($243.95 million)

Savings in taxes=($ 244 million) Approximately

Therefore the amount that GE saved in taxes by choosing LIFO over FIFO method for costing inventory will be $ 244 million

6 0
3 years ago
Jay, a single taxpayer, purchased an annulty to help provide income during his retirement. He paid $36,000 for the annuity that
Rufina [12.5K]

Answer:

d. All of the last 12 payments he received are taxable.

Explanation:

In the case when the life expectancy is 180 months and collected 192 payments prior he died

So according to the question, all the 12 payments would be received are taxable

Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable

Therefore the option d is correct

4 0
3 years ago
Journalize the entries to correct the following errors:
Rzqust [24]

Answer:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

Explanation:

Preparation of the entry to correct the following errors:

A. Dr Accounts Receivable for $569

Cr Supplies $569

Dr Supplies $108

Cr Accounts payable $108

B. Dr Cash $8820

Cr Fees earned $8820

($4410+$4410)

6 0
3 years ago
Other questions:
  • It is understandable that productivity is rising faster in the service sector because service businesses have newer technologies
    15·2 answers
  • A generic brand of pre-packaged foods would best be marketed to which target market?
    15·2 answers
  • A giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an in
    12·1 answer
  • River Enterprises has ​$505 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $14 millio
    15·1 answer
  • Name one form of collusion
    7·2 answers
  • 16. Which is NOT true about stocks? (1 point)
    9·1 answer
  • Perpetual Life Corp. has issued consol bonds with coupon payments of $50. (Consols pay interest forever and never mature. They a
    5·1 answer
  • John spent $50.00 at a carnival on food and tickets. He purchased $15.50 in food and bought 25 tickets. How much did each ticket
    8·2 answers
  • What counties repensent the global opportunities for the next decade
    11·2 answers
  • An organization that has all its people in one location is typically ________ than an organization that is dispersed around the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!