Answer:
The first mover that creates a revolutionary product is in a monopoly position.
Explanation:
First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.
- The first mover can be able to establish brand loyalty
- Being a first mover doesn't guarantee instant success
- The first mover can create switching costs for its customers to deter rivals.
The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market
Answer:
EPQ = 1982
maximum inventory = 1090
average inventory = 545
order cycles = 44.04
total cost of managing = $2180
Explanation:
given data
monthly demand = 900
annual demand = 12 × 900 = 10800
Production averages = 100 units
Holding costs = $2.00
setup cost = $200.00
company operates= 240 days
solution
daily usage = 
daily usage = 45
we find here EPQ
EPQ = 
× 
...........1
EPQ = 
× 
EPQ = 1982
and
maximum inventory = 
× daily production - daily use
maximum inventory = 
× (100-45)
maximum inventory = 1090
and
average inventory = 
average inventory = 
average inventory = 545
and
order cycles = 
order cycles = 
order cycles = 44.04
and
total cost of managing = 
total cost of managing = 
total cost of managing = 2179.81 = $2180
Answer:
d. a matter of establishing relationships.
Explanation:
Selling involves creating a relationship with the prospect.
The sales relationship has the short-term value you get from the customer.
There is also the long-term life-time value of the customer to be considered.
Sales based on referrals are the easiest to obtain and give best value.
Good relationships give rise to refrrals.
For one to have a career in records
management. They should follow the follow the following steps:
<span>1. Study for an undergraduate degree in either
computer science, library studies, management
or business administration.</span>
<span>2. Enroll into an entry level records management
position</span>
<span>3. Gain enough experience </span>
<span>4.
Enroll for more courses to get skills and certifications and climb up
the ranks</span>
Answer:
Adjusting & Accrued Wages Adjusted Payment:
To record the outstanding payment of wages for 1 day following journal entry has been passed. The salaries cost account has been charged by an amount of (9 workers × $145) $1,305 and the account of wages payable has been credited with the same amount to adjust the journal entry as shown below:
Date: 31 Dec
Debt: Wage expense = $1,305
Credit: Wage Payable = $1,305
Accrued Wages of one day is recorded.
