Answer:
A) Core Competency
Explanation:
Core Competency
Core competency refers to an organisation's strategic advantage over its competitors, it means the capabilities and the resources that a business must find, cultivate and explore in order to have an advantage over its competitors in the same line of business.
In order for an activity to be defined as a business' core competence, that activity must be unique, making it difficult for others to re-produce an it must also produce a unique level of benefit or value for the consumers of the product.
Since the car parts company has innovated a new automobile product with unique value, <u>It has cultivated and explored its core competency </u>
Answer:
His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.
Explanation:
Regular rate = $12 per hour
Rate for hours in excess of 40 hours per week
= (3/2) × $12
= $18
Rate for hours for Sunday is double
= 2 × $12
= $24
During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday
Period in excess of 40 hours during the week
= (9 × 5) + 4 - 40
= 9
Total regular earning = 40 × $12
= $480
Additional earnings = (9 × $18) + (4 × $24)
= $162 + $96
= $258
Total earnings = $480 + $258
= $738
Answer:
B) For the 11th worker, the value of the marginal product of labor is $4,000.
Explanation:
The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.
In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000
Answer:
"B"
Explanation:
Market intelligence are sets of tool that can provide information about customers , competitors and other market related factors in order to increase market shares , reduce cost and improve profit
A lot of information are required and can be time consuming and costly .
To this effect an organization always look out for the best possible ways of achieving this in a cost effective way.
We have experts who are specialists in this and an organization can also make use of available data that are related to their marketing objectives.
