That companies gain a competitive advantage by giving customers focus, cost leadership, and differentiation
<h3>
What is competitive advantage?</h3>
A firm seeks a competitive advantage when it aims to surpass its rivals in terms of profitability. An organization must be able to communicate to its chosen target market that it has a higher comparative or differential value than its rivals in order to establish and retain a competitive advantage. For instance, a business is likely to have a competitive advantage if it advertises a product at a lower price than a similar product from a rival. The same holds true if the marketed item is more expensive but has special characteristics that buyers are ready to pay for.
The SWOT (Strengths, Weaknesses, Opportunities, and Threats) analytical technique is credited to Albert Humphrey at the Stanford Research Institute. Porter's Five Forces is an alternative model that helps businesses understand their position within a competitive landscape.
Rural or nation-state locations are the ones in mare far off + much less densely populated via evaluation Very faraway Rural areas include three percent of the populace, however cowl nearly 1/2 of the land place.
A rural area is an open swath of land that has few homes or different buildings, and now not very many people. A rural region's populace density may be very low. Many humans live in a town or urban area. Their homes and companies are placed very close to one another.
In keeping with the modern delineation, released in 2012 and primarily based on the 2010 decennial census, rural areas include open USA and settlements with fewer than 2,500 residents. urban regions comprise larger places and densely settled areas around them. urban regions do not necessarily observe municipal limitations.
A rural area is an open swath of land that has few homes or different buildings, and not very many human beings. A rural area's populace density is very low. Many people stay in a metropolis or urban vicinity. Their houses and corporations are placed very near each other.
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The statement "Individuals are responsible for each outcome in determining supply chain roles and responsibilities." is true. This is further explained below.
<h3>What is supply?</h3>
Generally, In economics, supply is the entire quantity of a certain commodity or service that is accessible to customers.
In conclusion, I agree with the statement, "Individuals have a critical influence in shaping supply chain roles."
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When costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
<h3>LIFO and FIFO</h3>
LIFO means last in last out while FIFO represent first in first out. In a situation were price of goods and service are falling using LIFO tend to assume that the newer and less expensive inventory is sold out first.
This tend to lead to lower cost of goods sold and higher net income.
Inconclusion when costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
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The price of one country's currency expressed in terms of another country's currency is: A. by definition, one unit of currency. ... A. exchange rate between the U.S. dollar and another currency. B. exchange rate between two currencies, neither of which is generally the U.S. dollar.21