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Masteriza [31]
3 years ago
12

The knowledge a firm possesses can be a source of competitive advantage. Describe ways that a firm can continuously learn to mai

ntain its competitive position.
Business
1 answer:
tino4ka555 [31]3 years ago
4 0

Answer:

It includes; Digging deeper into areas of knowledge/expertise and comparison of achievement can help foster,creat or lead to a competitive position/ advantage. Finding out, sourcing and making use of other areas or sources of knowledge and information can keep a company up to date of competitive efforts and leads to an environment for creativity, shows/ create new knowledge within the company thereby finally leading toexisting competitive advantages and going after new ones.Success is a product of failure so therefore, getting the knowledge of failure as part of the innovative process can bring good results.

Meeting goals with all flexibility and sharing of personal stories, sourcing outsiders, proving one’s self wrong will all foster a kind of fear-free searching of new ideas.

Explanation:

For firm generally, crafting, creating or bringing a strategy that gives/yields a competitive advantage over rivals is said to be the most reliable means of achieving above-average profitability and financial performance in any organization. A company can attain and have sustainable competitive advantage if and when the elements of the strategy used by the company give buyers lasting and good impression orreasons to prefer a company's products or services over those of their competitors.

Strategic approaches used by company to build a competitive advantage includes; Focusing on a narrow market environment (niche) within an industry and also creating an advantage based on offering more value for the money e.t.c.

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payment history and total debt, together, comprise of 65% of your score. why do you think it’s so high?
Otrada [13]

<u>Solution and Explanation:</u>

Most money related specialists characterize a terrible FICO rating as anything beneath a 600, however, every loan specialist has its own principles while checking on applications. The normal American has a FICO assessment of 687, which helps put the range into viewpoint.  

In the event that you have poor credit, you've presumably had a blend of negative things on your credit report, as missed installments, misconducts, or possibly a chapter 11 or dispossession. You can generally demand a free credit report to make sense of what precisely is keeping your score so low. Truth be told, we prescribe checking your credit report each year.  

Government law permits you access to a free duplicate of every one of your three reports like clockwork, so there's no explanation not to exploit this advantage.

6 0
4 years ago
Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fa
Taya2010 [7]

Answer:

$21.65

Explanation:

The computation of the standard cost is shown below:

= Material cost + labor cost + factory overhead cost

where,

Material cost = 3 ÷ 4 × $5 per yard

                     = $3.75

Labor cost = 2 hours × $5.75 = $11.5

And, the factory overhead cost is

= $3.20 × 2 hours

= $6.4

So, the standard cost is

= $3.75 + $11.5 + $6.4

= $21.65

3 0
3 years ago
Susie received unemployment benefits in the current year.
Natali5045456 [20]

Answer:

All of the unemployment benefits are taxable.

Explanation:

Unemployment benefits can be defined as the amount of money given to unemployed individuals. These payments are made by different authorized bodies.

Unemployment benefits helps to stimulate the economy as a whole during a period of economic decline. The various authorized bodies that give out these unemployment benefit have to control the flow so that these unemployed individuals will not be discouraged from searching for a new job.

Unemployement benefits are subject to taxation, it is left for the individual to decide if 10% of the benefit will be withheld or to make a quarterly payment of the tax.

8 0
4 years ago
Read 2 more answers
When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an exa
Sidana [21]

Intermediaries are often known as individuals who are known to be a link in the distribution process. They connect the various channel partners.

When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an example of the value of marketing intermediaries who provide an assortment.

There are four types of intermediary. They are

  1. Agents
  2. Wholesalers
  3. Distributor, and
  4. Retailers.

An organization often has many intermediaries in its distribution channel as they want.

Conclusively, amidst the types of intermediaries, helps provide several alternative to humans, so that we can choose base on our preference.

Learn more from

brainly.com/question/9727245

6 0
3 years ago
The four important characteristics that define a perfectly competitive market are: Multiple Choice standardized good, full infor
Kazeer [188]

Answer:

standardized good, full information, no transactions costs, participants are price takers.

Explanation:

Perfectly competitive markets are theoretical, because even commodities' markets (e.g. corn, oil, etc.) do not comply 100% with all the characteristics of a perfectly competitive market, but are close enough to consider them as such.

The 5 characteristics of perfectly competitive markets are:

  1. Many participants (many buyers and sellers)
  2. Standardized goods or services
  3. Zero transaction costs
  4. No barriers to entry
  5. All participants can access perfect information

As I said before, no market complies 100% with these requirements, but some commodities' markets get close enough, but even there:

  • commodity traders charge a transaction fee
  • capital is a great barrier to entry that cannot be eliminated, e.g. it costs millions to drill and sell oil
  • not all participants will be able to access perfect information
4 0
4 years ago
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