As Sanjay's company was the first to introduce fresh food meal kits in a box that are delivered to consumers' homes, the idea is an example of innovation.
<h3 /><h3>Business innovation</h3>
Innovation is vital to the long-term success of the business in the marketplace. It can be defined as the process of creating a new idea, method or object to fulfill some need. In the business environment, innovation will be a competitive differentiator for a company.
Therefore, disruptive and incremental innovation are essential concepts to generate value, efficiency and positioning for an organization in the market.
The correct answer is:
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Answer: web community
Explanation:
Web community is also called an internet community, it is a virtual community whose members interact with each other primarily through the Internet.
Answer:
Journal entries will be as follows;
Explanation:
1.The machine purchased is an asset so machinery a/c will be debited.
The cash used to purchase the machine is an outflow so it's credited on the cash a/c
2. Electricity wiring on the machine is part of the acquisition cost, hence we debit machinery account and the cash paid for that is credited on cash a/c
3. Cost of securing it in place is also an operating cost hence you debit machinery a/c and credit the cash used to pay for it in the cash a/c
<u>Journal entries</u>
1. Machinery account Dr 192,000
Cash account Cr 192,000
2.Machinery account Dr 8,000
Cash account Cr 8,000
3.Machinery account Dr 1,600
Cash account Cr 1,600
