1. Which of the following statements is most accurate? A) A cost-leadership strategy will increase threat of new entry by lowering cost-based barriers to entry.B) Firms that have a low-cost position can reduce the threat of rivalry in an industry.C) Cost leaders tend to be especially vulnerable to substitute products.D) Cost leaders tend to be especially vulnerable to the threat of suppliers.
Answers
Among the given options, the statement that is the most accurate is:
B) Firms that have a low-cost position can reduce the threat of rivalry in an industry.
A cost-leadership strategy is a business-level strategy in which a firm tries to become the lowest-cost producer in the industry, in terms of the costs of manufacturing, production, and distribution, for a given level of quality, features, and functions of the product or service. This approach is based on the assumption that, by reducing the costs of its products or services, the firm can increase its sales volume, market share, and profits.
Firms with a low-cost position reduce the threat of rivalry in the industry because they are better able to compete on price than their rivals. This is because they can offer lower prices to their customers without compromising on quality. This puts pressure on their competitors to match their prices, which reduces the threat of rivalry in the industry. As a result, the firm can increase its market share and profits while maintaining its low-cost position.
A cost-leadership strategy can actually increase the barriers to entry for new firms because it requires a significant investment in manufacturing, production, and distribution infrastructure that new entrants may not be able to match.
Cost leaders tend to be especially vulnerable to substitute products, is not true. Cost leaders may be less vulnerable to substitute products because their lower prices can attract customers away from higher-priced substitutes.
Cost leaders tend to be especially vulnerable to the threat of suppliers is not rue as well. Cost leaders may actually be less vulnerable to the threat of suppliers because their lower costs give them greater bargaining power with suppliers.
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Related Questions
workers who find new jobs in the eastern state the original workers in the eastern state employers in the western state workers in the western state employed at the union wage
Answers
Rural part of the country employers and the original southern public sector workers.
What do mean workers?A person who does a specific task or behaves in a particular way, such as manufacturing, social, or construction workers. a capable, diligent, and good worker. someone who holds a job at a business or organization but is not in a position of authority: Many businesses still give greater treatment to their management team than to their employees.
Who are known as workers?The worker provides services to others and is compensated with money, gifts, or other rewards. Consequently, we may state that a person is considered a worker if they are involved in a production activity or are self-employed and contribute to the creation of GDP.
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Collin Printing began operations on January 1. On January 7, Collin purchased supplies on account for $1,000. At the end of January, Collin had $600 of supplies on hand. The proper journal entry for the January 7 transaction would: ___________
Answers
The proper adjusting journal entry at January 31
would: a) include a credit to Supplies for $400
Explanation:
On January 7, Bravo purchased supplies on
account for $1,000, and recorded this purchase to
the Supplies account by the entry:
Debit Supplies account $1,000
Credit Accounts Payable $1,000
At the end of January, Bravo had $600 of these
supplies still on hand. Supplies were used in
January = $1,000 - $600 = $400
The adjusting journal entry at January 31:
Debit Supplies Expense $400
Credit Supplies account $400
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answers
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
Fixed costs that differ between alternatives are a)Differential costs b)Incremental profit c)Both incremental costs and differential costs d)Incremental costs e)Sunk costs
Answers
The correct answer to your question is c) both incremental costs and differential costs. When comparing two or more alternatives, fixed costs that are different between the alternatives are referred to as differential costs.
The correct answer to your question is c) both incremental costs and differential costs. When comparing two or more alternatives, fixed costs that are different between the alternatives are referred to as differential costs. These costs are relevant in the decision-making process because they will impact the profitability of each alternative. On the other hand, incremental costs are the additional costs that are incurred when choosing one alternative over another. These costs include variable costs that change with the level of output or activity. For example, if a company is deciding whether to produce 1000 or 2000 units of a product, the incremental costs would be the additional costs incurred to produce the extra 1000 units. It is important to consider both differential costs and incremental costs when making decisions, as they provide a complete picture of the costs and benefits associated with each alternative. This can help to ensure that decisions are made in a way that maximizes profitability and minimizes risk.
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A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table. Does it seem that there is a relationship between the pension plan selected and the job classification of the employees? Use the . 01 significance level.
Answers
There is no relationship between the pension plan selected and the job classification of the employees.
A sample of employees at a large chemical plant was asked to indicate a preference for one of three pension plans. The results are given in the following table.The data are cross-classified based on two factors which are Job Classification and Pension Plans.
Since there are more than 2 variables involved in the experiment, the test which is appropriate to be performed in this scenario is a chi-square test.The null and alternative hypotheses are:H0: There is no relationship between job classification and pension plan selected.
H1: There is a relationship between job classification and pension plan selected.The level of significance of the test is 0.01.To perform the chi-square test, we need to calculate the expected frequencies which is obtained by multiplying the row and column totals and dividing by the grand total (n).
The expected frequencies for the above data are shown below:
To calculate the test statistic, we will use the formula:Chi-square = ∑ (O-E)²/Ewhere, O = observed frequencyE = expected frequency∑ = summing over all categoriesWe can obtain the test statistic by filling in the following table:
Since the calculated value of chi-square (χ²) (1.9599) is less than the tabulated value of chi-square (χ²) (7.815), we fail to reject the null hypothesis.
There is no significant evidence to suggest that there is a relationship between job classification and pension plan selected by the employees.
Hence, we conclude that there is no relationship between the pension plan selected and the job classification of the employees.
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the effect that a meaningful change in capacity will have on a key vendor is a: multiple choice supply chain factor. process limiting factor. human resource factor. operational process factor.
Answers
The effect that a meaningful change in capacity will have on a key vendor is a supply chain factor.
Production capacity could be affected and affecting these factors:
Equipment maintenanceSupplier's supply chainComponent and amterial qualityInternal qualityMaterial and production planningStaff trainingInternal logisticsEngineering change noticesProduct mixAny change happened in capacity will directly affecting the vendor's supply chain, especially if both companis is doing supply chain integration.
The supply chain integration is an alignment done by all the companies within the supply chain with goal to increase the effectivity and efficiency of productions, increasing the product quality, and decrease costs.
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The most common form of competition is ________blank, in which many firms compete for customers in a given market but with differentiated products.
Answers
The most common form of competition is monopolistic competition blank, in which many firms compete for customers in a given market but with differentiated products.
Monopolistic Competition Market
Monopolistic Competition is a competition with other manufacturers who have similar products, but there are differences between each of them.
This difference is the hallmark of the productsproducts sold by each manufacturer.
The activity of producing these goods is known as product differentiation or product differentiation. Because the products produced are almost similar, each producer will compete in terms of quality, price, and how to market their products.
Monopolistic Competition Market Characteristics
The characteristics of a monopolistically competitive market are as follows:
1. Has a very large number of producers
As in a perfectly competitive market, a monopolistic market has a large number of producers. Due to the large number of producers, each producer has a relatively small market share.
2. There is Product Differentiation
Product differentiation is when a manufacturer produces a product that is slightly different, but similar to the products of its competitors.
In a monopolistically competitive market, when the price of one producer rises while the price of the product of another producer is constant, the demand for that product will fall. Because, consumers will easily find substitute products from these products.
3. Each producer competes in terms of quality, price, and how to market their products
Because products in monopolistic markets tend to be similar, producers will compete in terms of quality, price, and how to market their respective products.
Manufacturers will compete to improve the quality of their products, such as through attractive product designs and services provided to consumers.
4. Producers are free to enter the market
Just like a perfectly competitive market, monopolistic market participants are also free to enter and leave the market.
The free entry and exit of the market means that there are no barriers for new producers who want to sell their products in the market or old producers who want to leave the market.
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how can the tragedy of the commons be averted? the government can implement a cap and trade policy. the parties involved can engage in public bargaining. ownership rights can be assigned. the government can assess corrective taxes.
Answers
Ownership rights can be assigned So, that the tragedy of the commons be averted.
For non-excluded yet competitive products, tragedy of the commons occurs. This implies that nobody cannot be denied the opportunity to enjoy something. But when some individuals utilize a thing, it becomes less useful to other others who also want to use it. Thus, there is a tragedy propensity to consume these resources excessively in general. No one is prepared to pay for these things because they cannot be averted excluded. Degradation of the resources on common land results from overuse. The tragedy of the commons is this situation.
A cap and trade policy places a restriction on how much of a resource can be used, and the limits can be established by granting permits to do so. These licenses can be exchanged. For resources that belong to averted everyone, though, this won't work. The best policies for negative tragedy externalities are cap and trade ones.
Corrective taxes won't work since no one will be willing to pay them and because people don't have any rights to the goods.
The resource becomes excludable if ownership is transferred to tragedy corporate or governmental bodies. The definition of property rights. There are ways to prevent commons tragedy.
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4. For what purposes might a worker need to fill out a Form 4070A?
Answers
Answer:
Employees use Form 4070A to keep track of the tips they receive from customers and report the total to their employer each month. Workers should also record the total amount of tips they paid to other employees and the names of employees to whom the tips were paid.
What action can you take to provide the most help to a team that has worked together for more than a year and is familiar with the project work
Answers
Answer: Aim should be reemphasized regularly, deadlines set and there should be a reward system.
Explanation:
Over familiarity breeds negligence or lost of steam or enthusiasm in a project. They are things that should be put into place to avoid being to familiar with projects and sleep on them;
- The aim and objective for which the was started should be reemphasized daily or weekly, this would help the team have it in mind that they would need to be on their best
- Deadline should be sets for smaller aspect of the project. The project should be split into phase and deadlines set to meet up each phase
- There should be a reward system. This strengthens the team to do more and make the team know that their value and input is well appreciated
Should I CHoose business or sciences
Answers
Answer:
business would probably have more future opportunities but honestly whichever one you think you might actually wanna do in the future
Helping others for free while gaining skills is
O A. a job
O B. working
O C. a career
O D. volunteering
Answers
Answer:
D. volunteering
Explanation:
When you volunteer your gain a skill so
Which one of the following is not considered a scarce resource? *
Capital Resources
Human Resources
Natural Resources
Intellectual Property Resources
Answers
Answer:
Intellectual Property Resources
Explanation:
Scarce resource refers to a type of reserouces that has limited amount.
Intellectual property resources are generated from a person's mind. It counted the economic value of ideas, innovation, design, or creativity that people have. Since all people can generate these things without any limit, we don't consider Intellectual property as a Scarce resource.
⦁ Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. ⦁ Draw Maria’s production possibility frontier for reading economics and sociology. ⦁ What is Maria’s opportunity cost of reading 100 pages of sociology?
Answers
Plotting these three points on a graph and connecting them with a line gives us Maria's production possibility frontier for reading economics and sociology: its attached below
What is production possibility frontier?Generally, To draw Maria's production possibility frontier, we need to plot the combinations of economics and sociology that she can read in a day, given her time constraint of 5 hours.
Let's assume that Maria devotes all her time to reading economics, in which case she can read 20 pages/hour x 5 hours = 100 pages of economics. This gives us one point on the graph, (100,0).
Alternatively, Maria could devote all her time to reading sociology, in which case she can read 50 pages/hour x 5 hours = 250 pages of sociology. This gives us another point on the graph, (0,250).
If Maria devotes some of her time to reading economics and the rest to reading sociology, the total number of pages she can read will be somewhere between these two extremes. For example, if she spends half her time on each subject, she can read 10 pages/hour x 5 hours = 50 pages of economics and 25 pages/hour x 5 hours = 125 pages of sociology, for a total of 175 pages.
The slope of the production possibility frontier is the opportunity cost of reading sociology in terms of economics. In other words, it tells us how many pages of economics Maria would have to give up to read one additional page of sociology.
The slope of the line connecting (0,250) and (100,0) is:
(0 - 250) / (100 - 0) = -2.5
This means that for every additional page of sociology Maria wants to read, she has to give up 2.5 pages of economics. Therefore, her opportunity cost of reading 100 pages of sociology is:
100 pages x 2.5 pages/economics = 250 pages of economics.
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The three construction crafts that require a require a minimum of a 4 year college degree are
Answers
The three construction crafts that require a require a minimum of a 4 year college degree are Building, infrastructure and industry.
What is College Degree?College degree is the qualification which is given to those students who has completed the particular field of the study. There are four types of the College degree like associate, bachelor's, master's, and doctoral.
In the field of the construction the students can get degrees of four years and they can get knowledge about construction of building, electrical and mechanical systems, construction planning, site work, etc.
Thus construction science degree is provided to the students which can be used in Building, infrastructure and industry.
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An automotive company tests the driving capabilities of its self-driving car prototype. They carry out the tests on various types of roadways- specifically, a race track, trail track, and dirt road. The researchers only test the pro totype during the daytime. They collect two types of data: sensor data from the car during the drives and video of the drives cameras on the car. They review the data after the initial tests. The results illustrate that the new self-driving car meets the performance standards across each of the roadways, As a result, the car can progress to the next phase of testing, which will include driving in various weather conditions. Reflection
Consider this scenario: What are the examples of fair or unfair practices? How could a data analyst correct the unfair practices?
Answers
Any company activity or action that is dishonest, fraudulent, or harms consumers is considered an unfair commercial practice. Acts that are seen as illegal, such as those that disobey consumer protection laws, might be included in these practices.
UNFAIR TRADE PRACTICES:
Fraudulent free gift or prize offers, non-compliance with production standards, false advertising, and deceptive pricing are just a few instances of unfair commrecial practices.FAIR TRADE PRACTICES:
According to the Rules of Fair Practice, American broker-dealers must be loyal to and treat consumers fairly. The Rules of Fair Practice include specific instructions on how brokers should uphold FINRA's objective, which is to safeguard investors and uphold the market's integrity. They were created by the National Association of Securities Dealers and are currently overseen by that organization. The whole range of legal obligations as outlined by securities laws are in addition to the Rules of Fair Practice, which establish and promote ethical standards.
What is data analytics:Data analytics is the process of examining data sets to spot trends and draw conclusions about the information they contain (DA). Data analytics is the study of analysing unprocessed data to make conclusions about such data.
Data analytics are needed to comprehend trends or patterns from the vast volumes of information being acquired. It helps businesses optimize their performance.
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Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Beta is...1. a measure of a stock's total risk.2. how much a stock's returns vary with the market return.3. a measure of a stock's unsystematic risk.4. a tropical fish.
Answers
Beta is NOT a tropical fish. Beta is a financial term used to measure how much a stock's returns vary with the market return. It is essentially a measure of a stock's systematic risk, or the risk that is inherent in the overall market.
A higher beta indicates that a stock is more volatile and risky, while a lower beta indicates that a stock is less volatile and risky. Beta is not a measure of a stock's total risk or unsystematic risk, as those factors are measured by other financial metrics.
Beta measures the systematic risk of a stock, which is the risk that is common to the entire market and cannot be diversified away. It represents the stock's sensitivity to changes in the market and is often used as a measure of a stock's volatility relative to the market. Beta is not a measure of a stock's total risk (statement 1) or its unsystematic risk (statement 3). Finally, beta has nothing to do with tropical fish, so statement 4 is incorrect.
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How can you encourage people to participate in activities?.
Answers
Pay close attention to what you hear.
Spend some time listening and exercising patience.
Build relationships with friends and family.
What can you do to motivate individuals to engage in activities?Getting People InvolvedSetting the Scene Describe Your Process for Judging Participation.Enable Students to Prepare. Ask for written responses or unprompted writing.Encourage students' thinking. Do not ask pre-programmed or yes/no questions.Display Your Interest. Provide nonverbal support.Cooperate with all. Understand the person you are calling.What are the top motivators for people
Power. Some people are driven by things like fame, power, and self-improvement. Some people are unmistakably driven by self-mastery — the drive to learn and advance — as much as by the need for winning, praise, and recognition.
Engagement with others, financial gain, and passion.
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Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
workers can be self-employed. Which careers have the highest and lowest self-employment rates?
O Insurance sales has the highest rates, and tax preparation has the lowest rates.
O Personal financial advising has the highest rates, and investment fund management has the lowest rates.
O Investment fund management has the highest rates, and insurance sales has the lowest rates.
O Tax preparation has the highest rates, and personal financial advising has the lowest rates.
Answers
Answer:
Its A.
Explanation:
The correct option is A.
Which careers have the highest and lowest self-employment rates?Insurance sales have the highest rates, and tax preparation has the lowest rates. Personal financial advising has the highest rates, and investment fund manager has the lowest rates.
What do most careers in finance deal with?A person who plans, summarizes, analyzes, and interprets accounting information. Keeps an establishment for the deposit or loan of money, or for traffic in money, bills of exchange, etc.
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explain reasons for NGO's and CBOs to be part of the market environment
Answers
Answer:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
explain reasons for NGO's and CBOs to be part of the market environment
Explanation:
NGOs exist for a variety of purposes, usually to further the political or social goals of their members. Examples include improving the state of the natural environment, encouraging the observance of human rights, improving the welfare of the disadvantaged, or representing a corporate agenda.
The Shinn Company wants to manufacture a new mouthwash designed to fight cavities and whiten teeth. The Shinn Company looks at the previously collected data over the last three years on consumer preferences in mouthwash and looks to social media to see what customers are saying about its products. This is an example of _______.
Answers
Answer:
Secondary data
Explanation:
Secondary data means the data i.e. collected by the someone other than the data i.e collected for the first time. It includes the information that related to the censuses, government departments, etc for researching purpose
Since in the given situation, the company looks to the data i.e. already collected and according to this they are able to make the analysis
So, here it is an example of the secondary data
A person who cannot get a job despite being willing to work and actively seeking work is considered.
Answers
A person is deemed underemployed if they actively seek employment but are unable to find one despite their willingness to work.
Unemployment
When a person is able to work and wants to work but is unable to obtain employment, they are considered to be unemployed. Unemployed people are individuals who don't have a job but are available for work and have sought for work in the last four weeks, according to the Bureau of Labor Statistics (BLS).
Underemployment refers to three categories of people: those who are actively seeking employment while unemployed, those who are forced to work part-time hours despite wanting full-time employment; and those who are considered marginally attached but have stopped actively seeking employment.
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Explain your approach in energy audits in third world countries. In your explanation give give evidence how other countries and companies have implemented the need for energy audits as a business. Also SWOT analysis of implementing energy audits in countries
Answers
The strategy is to increase awareness, set policies, develop capacity, carry out pilot projects, give financial support, and track results. Examples include mandated energy audit programmes in the UK and Germany.
Global energy audit services are provided by businesses like Siemens and Schneider Electric. SWOT evaluation Cost savings and sustainability are its strengths. Lack of knowledge and resources are its weaknesses. Opportunities to bring in investments and achieve goals; Resistance and political instability are threats. Energy audits have the potential to increase energy efficiency and sustainability, but overcoming obstacles calls for all-encompassing policies and cooperation between national and international agencies.
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Any object that you can used to pay for goods or services can be classified as money.
True
False
Answers
Answer:
True
Explanation:
Brainliest and 50 points!!!
Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answers
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
some people argue that china is currently experiencing a bubble, especially in real estate. if you agree, what possible problems might you encounter in trying to trade on your opinion?
Answers
Answer:
1. Difficulty in accurately predicting the timing of the bubble bursting: It is difficult to accurately predict when a bubble will burst, and any trades made in anticipation of a bubble bursting may be too early or too late.
2. Difficulty in accurately assessing the magnitude of the bubble: It is difficult to accurately assess the magnitude of the bubble, and any trades made in anticipation of a bubble bursting may be too large or too small.
3. Difficulty in accurately assessing the impact of the bubble: It is difficult to accurately assess the impact of the bubble, and any trades made in anticipation of a bubble bursting may be too risky or too conservative.
4. Difficulty in accurately assessing the underlying fundamentals of the market: It is difficult to accurately assess the underlying fundamentals of the market, and any trades made in anticipation of a bubble bursting may be based on incorrect assumptions.
5. Difficulty in accurately assessing the liquidity of the market: It is difficult to accurately assess the liquidity of the market, and any trades made in anticipation of a bubble bursting may be difficult to execute.
Lev Knossos sells high tech equipment and software to companies in Greece. When he first started selling to Greek businesses, he was told that the Greek market lagged behind others in the use of technology. After conducting research, Knossos visited the Commercial Bank of Greece and explained how his products could create Web pages for the bank and facilitate banking transactions. By applying his product knowledge to solve a technology issue that he identified, Knossos took the role of: Tactical partner. Creative problem solver. Low-involvement decision maker. Transactional partner. Exchange creator.
Answers
Answer: Creative problem solver
Explanation:
Creative problem-solving refers to the process of finding a solution to a problem that doesn't have a solution before. It is an previously unknown and an original solution to a problem.
Creative problem solving is when an individual gets creative in order to develop new ideas and therefore get the solutions to the problems encountered.
Since Knossos visited the bank and explained how his products could give the bank solution to help facilitate banking transactions, he's a creative problem solver.
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
Banks provide important controls surrounding a company's cash. These include which of the following? (Select all that apply.)
a. Banks provide documentation
b. Banks restrict access
c. Banks provide statements that are used for independent verification
d. Banks remove human error from the processing of cash
Answers
The correct option is (a, b, c, and d). Banks provide important controls surrounding a company's cash.
These include the following: The following are ways that banks provide important controls surrounding a company's cash:
1. Banks provide documentation.
2. Banks restrict access.
3. Banks provide statements that are used for independent verification.
4. Banks remove human error from the processing of cash.
Thus, the correct option is (a, b, c, and d). Banks provide important controls surrounding a company's cash which include the following; documentation, restriction of access, statements that are used for independent verification, and removal of human error from the processing of cash.
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