Answer:
A) operational excellence
Explanation:
Operational excellence is a business strategy that consists in the constant improvement of all aspects of the organization in order to maintain high standars in every possible way. The idea is to be better than the competition in the long-term.
Walmart, Costco, and Southwest Airlines are engaging in operational excellence when they manage to offer products and services that have reasonable price, while being reliable and high-quality at the same time. The combination of low price, and high quality, is very hard to achieve, and it's a sign that a company is following operational excellence.
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants.
Answer:
The right answer will be "FASB ASC 820".
Explanation:
- FASB ASC 820 offers a fair market value structure for evaluating financial reports transactions, addresses appropriate valuation methodologies, addresses estimation methods inputs, and defines an accrual accounting hierarchy something which prioritizes inputs.
- It needs detailed information about the value of program assets in the financial statements.
Explanation:
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Answer:
Net Income is $65,000.
Explanation:
According to given data
Revenue = $120,000
Expenses = $55,000
Net Income = Revenue - Expesnes
Net Income = $120,000 - $55,000
Net Income = $65,000
Net Income is $65,000.
As net income is calculated using Revnue and Expenses, In the presence of this data we will not consider thae value from the balance sheet.
