Answer:
can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals
Explanation:
A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm
Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."
Answer:
Part 1: How much raw steel does a representative firm produce when the market price is $700?
30Q = 700
Q = 23.33
Part 2: How much raw steel does a representative firm produce when the market price is $400?
30Q = 400
Q = 13.33
Explanation:
One year ago:
Qs = 600 + 4P ; Qd = 9000 - 8P
600 + 4P = 9000 - 8P
Price one year ago: $ 700 'Quantity one year ago: 3400
Current market: Qs = 4200 + 4P ;Qd = 9000 - 8P
4200 + 4P = 9000 - 8P
Price for current market: $ 400
Quantity for current market: 5800
C(Q) = 1,200 + 15Q2
A representative firm in a competitive market would produce steel where MC = P
MC = dC/dQ = 30Q
How much raw steel does a representative firm produce when the market price is $700?
30Q = 700
Q = 23.33
How much raw steel does a representative firm produce when the market price is $400?
30Q = 400
Q = 13.33
Answer:
Function
Explanation:
Functional departmentalisation is when staff who perform similar functions are put in the same department.
Examples of functional departmentalisation includes- marketing department, production department, finance department, human resources department.
Advantages of functional departmentalisation include:
1. It makes coordination of activities easier
2. It enhances supervision of staff
3. It enhances specialisation.
Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.
Other types of departmentalisation are :
1. Customer departmentalisation
2. Geographic departmentalisation
3. Process departmentalisation
4. Product departmentalisation
Answer:
$90,000
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High cost - low cost) ÷ (High machine hours - low machine hours)
= ($234,000 - $210,000) ÷ (24,000 hours -20,000 hours)
= $24,000 ÷ 4,000 hours
= $6
Now the fixed cost equal to
= High cost - (High machine hours × Variable cost per hour)
= $234,000 - (24000 hours × $6)
= $234,000 - $144,000
= $90,000
The high cost is computed below:
= 20,000 hours × $10.50
= $210,000
And, the low cost would be
= $24,000 hours × $9.75
= $234,000
Sales returns and allowances are reported on the <u>Income Statement</u>.
<h3>What is the income statement?</h3>
The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.
When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.
Thus, sales returns and allowances are reported on the <u>Income Statement</u>.
Learn more about the income statement at brainly.com/question/24498019
