Answer:
Being a first mover in a market is advantageous for a firm because:
it may gain advantage through proprietary technology.
Explanation:
First mover advantage is a concept used to call the advantage a certain business has by starting to profit from an industry or sector before anyone else. It provides the advantage of experience and learning. Therefore, they gain advantage through proprietary technology by developing it to increase the efficiency of their resources.
<u>Answer:</u>
<em>Sold product liability suit against the maker, alleging a design defect, the court may consider an available alternative design
</em>
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<u>Explanation:</u>
At the core of the idea of faulty item configuration exemplified in the Restatement (Third) of Torts: Product Liability is the accessibility of a sensible elective plan that could have diminished or kept away from the danger of mischief. In any case, a product might be defective, regardless of whether no sensible elective plan exists, if it neglects to give possible directions or warnings of a predictable danger of damage. An ongoing choice of the Massachusetts Appeals Court represents the use of these standards.
<span>Given: -
Cost of goods sold = $300,000
Inventory = $30,000
We need to find:
1) Inventory turnover
2) Average age of inventory
Solution:
1) Inventory turnover = Cost of Goods Sold/inventory = 300,000/30,000
Inventory turnover = 10.
2) Average age of Inventory = (Inventory/Cost of Goods Sold) * 365
Average age of Inventory = (30,000/300,000) * 365 = 36.5</span>
<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer:
domestic
Explanation:
try it but i don't know! just a guess
