Answer: You can know if you have differentiated products if we have a quality that stands out from the other competitors.
For example: Our service time is less than the competition and we also give gifts to our buyers, things that the competition does not do.
The basis for differentiation is to look for that quality that the competition does not have and that adds value to what we are doing.
Answer:
Autocratic leadership has only one person that has the authority to make decisions and takes very little to no inputs from other groups, Democratic leadership allows everyone to participate in decision making.
Explanation:
Authoritarian leadership, also known as autocratic leadership, is a management style in <u>which an individual has total decision-making </u>power and absolute control.
Democratic management involves managers reaching decisions with the <u>input of the employees</u> but being responsible for making the final decision.
Answer:
0.25 or 25%
Explanation:
The computation of the gross profit rate is shown below:
Gross profit rate = Gross profit ÷ Net sales revenue
where,
Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts
= $2,000,000 - $250,000 - $50,000
= $1,700,000
And, the Cost of goods sold is $1,275,000
So, the gross profit is
= $1,700,000 - $1,275,000
= $425,000
So, the gross profit rate is
= $425,000 ÷ $1,700,000
= 0.25 or 25%
Answer:
The amount included in the inventory is $60
Explanation:
Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.
