Answer:
they have an opportunity to exploit network effects and positive feedback loops
Explanation:
The first mover advantage refers to competitive advantages that can be achieved by a firm that first enters a market or launches a new product first. E.g. Volkswagen has a first mover advantage in China because it was the first foreign car manufacturer to successfully a car factory there. Another type of first mover advantage would be the ones obtained by Apple for launching the first smartphone.
Network effects refers to a good or service becoming more valuable because more people purchase or use them, e.g. social media apps.
Positive feedback loops occurs when a company's output is used as a positive input in the productive system, e.g. when a company uses information gathered by customer service (CRM) to improve the products or services it offers.
(b) Increased effectiveness of collection methods - It will increase the turnover ratio and decrease the days to collect.
Effectiveness is the functionality of producing a preferred result or the capability to supply preferred output. whilst something is deemed powerful, way it has a supposed or predicted outcome, or produces a deep, vibrant effect.
Effectiveness is the principle noun form of the adjective effective, this means “ok to accomplish a cause; producing the supposed or predicted end result.” (another, less common noun form of effective is efficiency.).
Learn more about effectiveness here: brainly.com/question/14905866
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The cost per mango is $1.50. This is because if you divide 3 by 2 you'll get 1.5. Divide 2 by 2 and you'll get 1. This will make the equation 1.5/1. This basically means for 1 mango it costs 1.50.
Answer: b. Remain constant
Explanation:
Fixed costs as the term implies, do not change depending on the units produced or sold but rather remain constant over the period. If the company sells 2,000 or 5,000 more units, the fixed costs will remain constant.
For instance, if the rent of the selling warehouse is $4,000 per month and the company stores and then sells any number of units, they will still pay $4,000 regardless.
Answer: $298,800
Explanation:
Cost of goods purchased = Gross merchandise cost + Transportation-in (Carriage inwards) - Purchase discount - Purchase returns
= 304,000 + 6,700 - 3,500 - 8,400
= $298,800
