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lions [1.4K]
4 years ago
12

The banking industry has implemented several competitive advantages, including ATMs, online bill-pay services, and electronic st

atements. Of course, these competitive advantages were quickly duplicated by any competitive that wanted to remain in the banking industry. These are examples of ________ .
Business
1 answer:
butalik [34]4 years ago
7 0

Answer:

Acquisition of new technology products and services

Explanation:

In order to remain relevant, keep with the times and perform better than competitors in pleasing customers, businesses need to have competitive advantage.

Regarding the question above, the first banks to implement the use of ATMs, online services and electronic statements would have had competitive advantage over their competitors. Therefore, other banks would have quickly followed suit and implemented modern business operations in order to remain in business.

Failure to do this could result in the demise of the business.

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Gail K. Company manufactures waterproof cell phone covers. During the current month, the purchasing manager purchased $26,700 of
Marianna [84]

Answer:

D : $88,800

Explanation:

<u>Cost of goods manufactured :</u>

Direct Material used in production                         $ 21,300

Indirect Material used in production                       $  3,700

Direct Labour                                                           $ 34,100

Direct Labour                                                           $  5,900

Manufacturing overhead                                       <u> $ 16,600 </u>

Total Manufacturing cost                                        $ 75100

Add:Beginning Work in process inventory            $7,200

Less: Ending Work in process inventory                <u>$ 0       </u>

Cost of Goods Manufactured                                 <u>$88,800</u>

6 0
3 years ago
Senator Smith says that in order to help poor countries develop, the United States should:
Anuta_ua [19.1K]

Answer:

These two are very good ideas to reduce poverty in poor countries:

2) reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing those goods U.S. subsidizes.

3) Work to improve agriculture in poor countries.

Explanation:

Numeral 2 is a good idea because it would help poor countries produce those goods they have a comparative advantage in, and export some of the production to other countries, including the U.S., bringing much needed income to the population.

Numeral 3 is also a very good idea to implement, because poor countries usually have inefficient agriculture, in some cases, so inefficient that a part of the population has poor nutritrion. Improving agriculture in poor countries helps feed the population, and also export the excess produce abroad.

7 0
3 years ago
2 ) accounting principles are divided into two types. these are -
miv72 [106K]
It is D. (1) and (2) both
4 0
3 years ago
While the four Ps help us remember the basics components of the __________, they don't have significant relevance in the marketi
Paul [167]

Answer:

Marketing mix.

Explanation:

The said term is said to be an inclusion of certain multiple areas of focus as a vital body used to explain a comprehensive marketing plan. It clearly points to a certain classifications which are common that began as the four Ps which has the inclusion of factors like product, price, placement, and promotion. All these factors are of the marketing mix and are known to influence each other. They make up the business plan for a company and handled right, can give it great success. It is of great value too because of its help in focusing on a marketing mix helps organizations make strategic decisions when launching new products or revising existing products.

7 0
3 years ago
Juanita worked hard all year so that she could go to nursing school the following year.    She put her savings into a mutual fun
Shkiper50 [21]

Answer:

Real Interest Rate = -2.7%

Explanation:

The formula to calculate the Real Interest rate is:

r=(\frac{1+i}{1+p})-1

Here,

r = Real Interest Rate

i = Nominal Interest Rate = 3% = 0.03

p = Rate of Inflation

We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:

p=\frac{CPI_{new}-CPI_{old}}{CPI_{old}} \times 100\%

Using the values in this formula, we get:

p=\frac{180-170}{170} \times 100\%\\\\ p=5.88\%

Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:

r=(\frac{1+0.03}{1+0.588} )-1\\\\ r=-0.027\\\\ r=-2.7\%

Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.

5 0
3 years ago
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