Explanation:
In 1979, Michael Porter developed a model of competitive analysis that became popularly known as "Porter's 5 forces". That are:
- Rivalry between competitors;
- Bargaining power of suppliers;
- Bargaining power of customers;
- Threat of new competitors;
- Threat of new products or services.
These five forces help the organization to position itself in the market, discovering essential information about the macro environment, such as information about competitors, which contributes to the effectiveness of quality management, based on efficient techniques on market analysis.
Porter also defined 3 general strategies that can be applied in any company, regardless of size and area of operation, so that it is possible to achieve a competitive and differentiated position in the current market.
- Cost leadership,
- Differentiation and
- Focus.
In the case of Quebecor Printing, analyzing its strategy of offering a personalized service using "selective binding" to print, it can be said that the company uses Porter's focused differentiation strategy, whose main characteristics are to provide a differentiated service from competitors for satisfy the needs of the consumer, so it is important that the company also invests in process improvement, such as improving the technical training of employees and developing market segmentation research so that the entry into markets in other locations occurs according to the needs and particularities of the target audience of a given location.
Answer:
What represents the value of the second-best alternative that a person gives up when making a choice?
Opportunity cost
Explanation:
Opportunity cost entails the next value best to alternative available, the availability to choose from pool of alternatives results into an opportunity cost
Answer:
Explanation:
Formula to be used is Contribution margin = Sales * Contribution margin ratio
Contribution Margin = $82,000 * 67% = $82,000*0.67 = 54,940
Net operating income = Contribution margin - Fixed expenses
Net operating income = $54,940 - $25,000 = $29,940
So the answer is option C
Answer:
Option (d) is correct.
Explanation:
Given that,
List price = $86,000
Cash discount percent = 2%
freight costs = $2,400
Installation and testing = $3,300
Cost recorded in asset account:
= List price - Cash discount on the purchase + Freight + Installation and testing
= $86,000 - ($86,000 × 2%) + $2,400 + $3,300
= $89,980
Note:
The insurance cost is not included in the cost of asset, but is instead expenses during the first year.
