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2 years ago

Competitive advantage refers to:

Business

1 answer:

True [87]2 years ago

7 0

Answer:

d. refers to how a firm does something unique to create added value.

Explanation:

The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.

The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.

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Accountants and Economists differ in their calculations of profits in that; a. economists consider sunk costs b. accountants c

zysi [14]

Answer:

The correct answer is letter "C": accountants consider explicit costs only.

Explanation:

Explicit costs are those necessary for the operations of the company such as wages, rent or raw materials. Implicit costs are the opportunity costs companies as a result of giving up factors such as purchases or qualified employee hires.

The accounting profit of a company is calculated by subtracting the explicit costs from the firm's total revenue. The economic profit is computed by subtracting the result of adding the explicit and implicit costs from the company's total revenue.

4 0

2 years ago

An expenditure made in connection with a machine being used by an enterprise should be:

GarryVolchara [31]

Answer:

The correct answer is D

Explanation:

Expenditure is the funds which is used by organizations, firms or the corporations in order to attain the improve existing ones, new assets or the decrease the liability. In short, it is the use of the resource in the business operations.

So, when the expenditure is made on machine which is used by an enterprise need to be capitalized if it increase the quantity produced by the machine.

6 0

2 years ago

Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t

Artyom0805 [142]

Answer:

.D.complementary products

Explanation:

A complementary good is a product whose usage is dependent on the availability of another. Complementary goods are, therefore, goods that are used together. For example, A and B will be complimentary goods if the use of A will require the use of B.

Yachts and docks are complementary products because a yacht will require a dock as the base of its operation. Without a dock, yacht operations will be almost impossible. Bill is not making good sales on big yachts because potential customers cannot find sufficient docking space. Other examples of complementary goods are car and petrol, printers and ink cartridges, guns and bullets, and DVD players and DVD disks.

5 0

2 years ago

Jack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contra

Schach [20]

Answer:

3,825.2 labor hours

Explanation:

Learning rate (Unit 1 and unit 2):

= Labor hour required for 2nd unit ÷ Labor hour required for 1st unit

= 1,200 ÷ 2,000

= 0.60

Learning rate (Unit 2 and unit 3):

= Labor hour required for 3rd unit ÷ Labor hour required for 2nd unit

= 1,130 ÷ 1,200

= 0.94

Average of learning rates = (0.60 + 0.94 ) ÷ 2

= 0.77

As per learning curve calculator the value of 77% for 6 units = 4.0776

Cumulative time = Factor × Time of first unit

= 4.0776 × 2,000

= 8,155.2

Hence,

Time for next three units:

= Cumulative time - Sum of the time of first, second and third unit

= 8,155.2 - (2,000 + 1,200 + 1,130)

= 3,825.2 labor hours should Simpson plan for.

4 0

2 years ago

A merchandising company's sales budget indicates the following sales: January: $25,000; February: $30,000; March: $35,000. Sales

Svetradugi [14.3K]

Answer:

The total selling expenses for the quarter will be $25,800

Explanation:

The computation of the total selling expenses for the quarter is shown below:

= Salaries + commission + Advertising

where,

Salaries = Expected salaries × number of months in one quarter

= $5,000 × $3

= $15,000

Commission = (January sales + February Sales + March Sales) × Commission percentage

= ($25,000 + $30,000 + $35,000) × 10%

= $9,000

And, the adverting equal to

= Expected advertising expenses × number of months in one quarter

= $600 × 3 months

= $1,800

Now put these values to the above formula

So, the value would be equal to

= $15,000 + $9,000 + $1,800

= $25,800

3 0

2 years ago