Focusing only on one differentiating feature is a flawed way to pursue competitive efforts that will differentiate a business.
<h3 /><h3>How is differentiation effective?</h3>
Differentiation is a competitive advantage that occurs through market segmentation, the positioning of the company and its products and services. Must meet the criteria:
- Importance
- Spotlight
- Exclusivity
- Accessibility
- Superiority
- Profitability
Therefore, a company that wants to differentiate itself from its competitors must focus on several resources that help change the consumer's perception of differentiation.
Find out more about competitive advantage here:
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There are multiple, but the main one would be income tax, because the government will take money from your paycheck, which is money you earn, hope this helps!
The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.
<u>Explanation:</u>
The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.
The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.
The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.
Answer:
$5,000
Explanation:
The computation of the interest payable is shown below:
= Borrowed amount or Principal × rate of interest × (number of months ÷ total number of months in a year)
= $500,000 × 6% × (2 months ÷ 12 months)
= $5,000
The 2 months is calculated from November 1, 2018, to October 31, 2019
It is somewhat similar to the simple interest formula.
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
