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a_sh-v [17]
2 years ago
11

A firm with a _____ has its ability to provide a unique product or service that offers something of value to buyers besides simp

ly a lower price.
Business
1 answer:
VMariaS [17]2 years ago
5 0

Answer:

Differential competitive advantage.

Explanation:

A differential competitive advantage can be defined as the advantages or edge that a business or company gains as a result of providing (offering) superior goods and services that are unique, cheaper and different from that of its rivals in the same industry.

Some of the factors that enhances or contributes to differential competitive advantage that a company has over its rivals include patent, new technology, experienced employees, professionals or experts, brand identity etc.

Hence, a firm with a differential competitive advantage has its ability to provide a unique product or service that offers something of value to buyers besides simply a lower price.

An example of a company with differential competitive advantage in the mobile market is Apple Inc. through the production of iPhone.

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On December 29, 2005, BJ Co. sold an equity security investment that had been purchased on January 4, 2004. BJ owned no other ma
sineoko [7]

Answer:

AFS 2004 market price decline exceeded 2005 market price recovery

No No

The security cannot be classified as available-for-sale because the unrealized gains and losses are recognized in the Income Statement. Unrealized gains and losses on available-for-sale securities are recognized in owners' equity, not earnings.

The second part of the question is somewhat ambiguous. The 2004 price decline could exceed or be exceeded by the 2005 price recovery. The loss in the first year is not related in amount and does not constrain the realized gain in the second year.

The way to answer the question is to read the right column heading as implying that the earlier price decline must exceed the later price recovery. With that interpretation, the correct answer is no.

For example, assume a cost of $10 and a market value of $4 at the end of the first year. An unrealized loss of $6 is recognized in earnings. During the second year, the security is sold for $12. A realized gain of $8 is recognized-the increase in the market value from the end of the first year to the sale in the second year. Thus, the market decline in the first year did not exceed the recovery in year two. (It could have exceeded the recovery in year two but there is no requirement that it must.)

Explanation:

3 0
3 years ago
If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl
marysya [2.9K]

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

4 0
3 years ago
Suppose that the demand elasticity for cigarettes is equal to 2.0. If the demand elasticity for Camel cigarettes is equal to 6.0
Lostsunrise [7]

Answer:

Let understand what elastic and inelastic demand is:

- If the small change in price causes heavy change in the quantity demanded then the demand is said to be elastic.

- Opposite to it is inelastic where even there is a very high change in the price but there is not so much effect on the quantity demanded.

Here, Camel cigarettes has a price elasticity of demand which is equal to 6 which means if the price suddenly increased, the quantity demanded will decrease. If any cigarette is having price elasticity of demand less than 2, it means it has less elasticity or if price increases very much then quantity demanded will not be affected so much.

8 0
3 years ago
The Incident Action Plan is prepared by General Staff from which section? A. Planning B. Operations C. Logistics D. Finance/Admi
SOVA2 [1]

Answer:

The correct answer is A

Explanation:

IAP stands for Incident Action Plan, which is defined as the organized course of the events that addresses or notices all the phases or stages of the incident control in the specified time.

It is required to completed or finished in the timer period or time frame, which allows the least amount of the action that is negative to continue.

So, this plan is made or prepared through the General Staff of the Planning section.

5 0
3 years ago
Read 2 more answers
Tracy Company, a manufacturer of air conditioners, sold 270 units to Thomas Company on November 17, 2021. The units have a list
tiny-mole [99]

Answer:

See explanation section

Explanation:

Requirement 1

<em>November 17, 2021</em>   Merchandise Inventory     Debit     $81,000 (Note - 1)

Accounts payable - Tracy Company                  Credit    $81,000

Calculation - $270 units × $400 = $108,000

$108,000 × (100 - 25)% = $81,000

<em>To record the purchase of office equipment on account with a trade discount and a credit terms of 3/10, n/30. As the company uses perpetual inventory system, merchandise inventory is debit.</em>

<em>November 26, 2021  </em>Accounts payable - Tracy Company   Debit   $81,000

                                   Cash                                       Credit      $78,570

                                   Merchandise Inventory         Credit      $2,430

As Thomas gave the payment within 10 days, Tracy Company provided a 3% discount according to the terms.

Calculation - $81,000 - ($81,000 × 3)% = $81,000 - 2,430 = $78,570

Requirement 2

If Thomas paid on December 15, 2021, Tracy company would not give any discount. However, Thomas paid within 30 days.

Therefore, the journal entry to record the payment is as follows:

<em>December 15, 2021  </em>Accounts payable - Tracy Company   Debit   $81,000

                                   Cash                                       Credit      $81,000

This time he did not receive the discount as he failed to pay within 10 days to get discount.

7 0
3 years ago
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