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Vesna [10]
1 year ago
15

Tom did a competitive analysis of his company’s outdoor soap product, interviewed distributors for helpful insights on the compe

titor’s soaps, looked at the market trends, and spoke with the product manager about the changes he saw that the market required. What critical step did Tom forget to do?
Business
1 answer:
kifflom [539]1 year ago
4 0

Answer:

The first thing Tom should have done was to identify his top competitors.    

Explanation:

Here are the following steps to carrying out competitors analysis:

  1. Clarify who your top Competitors are.
  • Describe Each Competitor using the SWOT Analysis
  • Enumerate their Offering juxtaposing them with yours

    2. Identify your Strengths and how they help you take advantage of your  

    Opportunities

    3. Identify Threats and how your strengths would help you minimize them

    4. Enumerate your weaknesses and how you'd combine your strenghts and opportunities presented by the competitors weaknesses to reduce them.

Cheers!

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Sales returns and allowances A) Represent a reduction of the customer's account receivable B) Provide information about dissatis
Yuri [45]

Answer:

The correct options are<em> (B). Provide information about dissatisfied customers and the possibility of lost future sales and  (D). Are usually recorded in separate contra-revenue accounts.</em>

<em />

<em>From the foregoing the Account Receivable should be credited with the full amount of the original sales transactions not debited as provided in option </em><em>"A." Represent a reduction of the customer's account receivable.</em>

Explanation:

<em>Sales Returns and Allowances is a contra-revenue account deducted from Sales</em>. When customers return goods for one unsatisfied reason or the other, adjustments are made to the sales account. Likewise, deductions to the original selling price are made when the customer accepts defective products.

<em>How to Record the Sales Return Transaction </em>

<em>The following under-listed steps are to be taken to make the appropriate entries:</em>

  • Debit sales returns and allowances by the selling price.
  • Debit the appropriate tax liability account by the taxes collected on the original sale.
  • Credit cash or accounts receivable by the full amount of the original sales transaction.
7 0
2 years ago
Golden Manufacturing Company started operations by acquiring $150,000 cash from the issue of common stock. On January 1, Year 1,
NISA [10]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
1 year ago
Simone is aware that there are a variety of security tools available for her new computer, but she is not entirely sure which ki
dsp73

<em>What kind of server is another computer that screens all your incoming and ..... Simone is aware that there are a variety of security tools available for her new ... but she is not entirely sure which kinds of products she needs for which situations. ... Simone is plagued by junk email that offers her products she does not want, ...</em>

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5 0
1 year ago
Throughout the text, Thoreau uses repetition, particularly parallel structure. Identify three or four examples and analyze their
Scorpion4ik [409]

Answer:

Throughout the text, Thoreau uses repetition, particularly parallel structure. Example:

"Simplify, simplify"

Explanation:

Thoreau tends to use embedded repetition to emphazise a point, as urging the readers to stop burying themselves in never-ending impossible tasks and simplify their lives with: "Simplicity, simplicity, simplicity!", or in paragraph 2: maybe creating a mantra-like urging, using also derivatives of words: "live, "life": Simplify, simplify".

4 0
2 years ago
The public relations nightmare from the U.S. Secret Service in 2015 has been attributed to a breakdown in which managerial funct
erica [24]

Answer: a. Controlling

Explanation:

The Controlling function in management is meant to ensure that employees in a company are acting in a manner that abides by the standards of the company or organization in question.

It works by managers ensuring that they check that employees are acting in the way they are to act and if they are not, corrective action must be meted out to stop the behavior.

The Secret Service had some embarrassing moments in 2015 with some agents being found drunk on a trip to Europe where they were assigned to President Obama's detail. Had supervisors been making sure that subordinates acted in a manner befitting of the secret service, the acts would have had a significantly less chance of happening.

7 0
1 year ago
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