The two major types of transaction that affects the international flow of money are b. debits and credits.
When you say debits, it the liabilities and when you say credits its the assets. These two is the major transaction that makes a big impact to the economy.
Answer: Same as
Explanation:
From the information given in the question, the asset turnover of Tech Track will be calculated thus;
Firstly, Average Assets will be:
= (beginning Assets + ending Assets)/2
= ($400000 + $600000)/2
= $1,000,000/2
= $500,000
Then, the assets turnover ratio will be:
= Sales / average Assets
= $1,000,000 / 500,000
= 2 times
Therefore, Tech Track's asset turnover is same as the industry average of 2.0 times.
Answer:
A blue ocean strategy successfully combines differentiation and cost-leadership activities using value innovation. It focuses on creating additional demand and grabbing market opportunities.
The four key questions are:
- Eliminate: what factors that this company takes for granted can and should be eliminated to foster value innovation.?
- Reduce: what industry factors can be reduced?
- Raise: what industry factors should be increased?
- Create: which factors should we created that have never been offered by our competitors?
The new product development approach is intuit using the customer-centered new product development. It is defined as when the companies directly engage their customers. They will go out to the customer and ask questions and receive customer opinions. Chang Wook goes out to job sites and talks to workers. This approach has twice the return on assets and triples the growth than if you didn’t do the research
