Answer:
a. The three generic strategies
b. Value chain analysis
e. SWOT Analysis
g. The Five Forces Model
Explanation:
The four tools commonly used by managers to develop competitive advantage are; The <u>three generic strategies, value chain analysis, SWOT Analysis and The Five Forces Model.</u>
- The three generic strategies are used to determine if the organization intends to compete from a position of <u>cost leadership</u> (offering low cost products), <u>product differentiation (</u>offering unique, high quality products<u>)</u> or <u>choosing a specific niche</u> to serve.
- When managers use the SWOT analysis, they <u>analyse the strengths and weaknesses of their organization as well as those of competitors, and also look out for opportunities to improve, and threats to be avoided.</u>
- Managers use the Value chain analysis, to <u>determine how to reduce cost, improve profitability and increase value for customers</u>, by monitoring the various processes involved, in production and delivery of goods, as well as after sale customer service.
- Porter's five forces model is used by managers to <u>determine the extent and strength of competition</u> in an industry and what industry to enter or avoid. It also provides information on the bargaining power of buyers and suppliers in the market and the threat of substitute products to the organization's products.
<span>This known as MARKET EQUILIBRIUM. A Market Equilibrium is an intersection where the demand and supply in a particular market meets. The prices of goods and services are set to the amount of supply that a company can provide. If the prices are too high, consumers are not encouraged to buy products, therefore the equilibrium will experience an imbalance.
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Answer:
No, there would be no existence of a transfer price that would make both the Receiver and Industrial Products Division financially better off than if the Industrial Products Division were to continue buying its receivers from the outside supplier
Explanation:
Assuming that the receiver division is selling all of the receivers it can produce to outside customers, there will be no existence of a transfer price that would make both the receiver and industrial products division financially better off than if the industrial products division were to continue buying its receivers from the outside supplier.
Reason being that the minimum transfer price that the selling division should be willing to accept surpasses the maximum transfer price that the buying division should be willing to accept.
Answer: Copyright law
Copyright is security for tangible aspects of an idea. It is intended to give the creator of something original the ability to use and make money from it, without others being able to use it themselves. There are a number of limitations that do allow for a widespread use, they protect the derivatives of an idea also called intellectual property. Copyright tends to cover literary and artistic work e.g. books, movies. To get a better idea copyright is the reason you just can’t print and sell harry potter books or download pirated movies
Since the "<em>price profit"</em> app is an idea it is protected by the copyright law.
Answer:
Allocated MOH= $158,000
Explanation:
Giving the following information:
The standard direct labor quantity is 4 hours per lamp, and the company produced 9,800 lamps in January. This required 39,500 direct labor hours.
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 4*39,500= $158,000
