A strategy of cost competition refers to a competitive strategy in which firms attempt to achieve lower business process costs. Option A
This is further explained below.
What is the strategy of cost competition?Generally, The fundamental component of the cost-cutting technique is the "bare bones" approach.
In order to give customers lower prices and, as a consequence, to increase the amount of money those customers save, the objective of cost leadership is to cut expenditures to the lowest possible level.
In conclusion, The term "cost competition" refers to a kind of competitive strategy in which businesses work on lowering the overall costs associated with their business processes. Alternative A
Read more about the strategy of cost competition
https://brainly.com/question/17218981
#SPJ1
complete question
A ________ refers to a competitive strategy in which firms attempt to achieve lower business process costs.
A) strategy of cost competition
B) scope strategy
C) customer intimacy strategy
D) focus/market niche strategy
The market clearing price where the quantity demanded by consumers equals the ____________ by producers.
The market clearing price where the quantity demanded by consumers equals the supply by producers.
It is called equilibrium price.
What is equilibrium price?The cost to the customer of a good or service at an equilibrium price, sometimes referred to as a market-clearing price, is determined by supply and demand being equal or nearly equal. Customers have access to all the units they wish to purchase, and manufacturers and vendors are free to move as many units as they like.
Coffee is a commodity with a stable market. Prices won't tend to alter unless the supply or demand curves adjust. The price at which quantity requested equals amount supplied is known as the equilibrium price in any market. Due to this, $6 a pound of coffee is the market's equilibrium price.
To learn more about equilibrium price visit:
https://brainly.com/question/21329957
#SPJ4
Forming an overall opinion of a job candidate based on one outstanding characteristic is?
Answer: I would say either responsible or dedicated!
New market segments emerge as _________ demand changes.
a) the quantity of
b) the curve of
c) the variation in
d) the quality of
The correct option is (c) the variation in
New market segments emerge as the variation in demand changes.
How does the market segment work?A market segment is a collection of clients with similar tastes in an otherwise homogenous market. These clients could be made up of individuals, families, businesses, organizations, or a mix of different types.
A market segment is a collection of individuals who exhibit one or more common traits.Companies and marketing departments build target markets for their goods and services using a variety of factors.Homogeneity among the segment's primary needs, uniqueness, and a shared response to marketing strategies are requirements for a market segment.Market segments' responses to marketing plans or strategies are frequently quite predictable.Interests, lifestyle, age, and gender are typical market segment characteristics.To know more about market segments, visit:
https://brainly.com/question/28067681
#SPJ4
The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called:_________
The agreement in a life insurance contract that states a specific sum of money will be paid to a designated person upon an insured's death is called Insuring agreement
What do you mean by Insuring Agreement?
The "Insuring Agreement" of the insurance policy outlines the insurer's obligation to make payments to the insured or on their behalf. The insuring agreement is typically included in the coverage form from which a policy is derived. Insurance policies frequently offer a wide range of protection, which is then limited by exclusions and limitations.
To learn more about Insuring agreement
https://brainly.com/question/3520699
#SPJ4
The sap module that is used for the functions of cost accounting and internal reporting is the:________
a) sd module
b) fi module
c) pp module
d) co module
The correct option (D) CO module.
The sap module that is used for the functions of cost accounting and internal reporting is the CO module.
What is Cost Accounting?Cost accounting is a type of managerial accounting that measures both the fixed and variable costs associated with each stage of production in order to determine the total cost of production for an organization.
Management uses cost accounting internally to make well-informed business decisions.
Contrary to financial accounting, which offers data to readers of external financial statements, cost accounting is not constrained by predetermined rules and can be tailored to the specific requirements of management.
Cost accounting is therefore incompatible with GAAP and cannot be used for official financial statements.
Cost accounting takes into account both variable and fixed costs for all production-related inputs.
Standard costing, activity-based costing, and other methods of cost accounting.
To know more about Cost Accounting, visit
https://brainly.com/question/24130824
#SPJ4
A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. True or false?.
The following statement is false. A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate.
A continuous process indicates production of discrete parts moving from workstation to workstation at a controlled rate. One difference between an production line process flow and a nonstop process flow is that on the mechanical system the flow is discrete instead of continuous. an eternal process could be a process within which the merchandise comes out without interruption and not in groups. One difference between an production line process flow and a nonstop process flow is that on the mechanical system the flow is discrete instead of continuous. Therefore the subsequent statement is false.
Learn more about continuous process.
https://brainly.com/question/14784564
#SPJ4
Tip is a significant problem throughout the southcom aor. the primary form of tip found in the aor are?
Tip is a significant problem throughout the southcom aor : All answers are correct.
Agency of Record (AOR)
In the marketing and advertising world, Agency of Record (AOR) was commonly thought to mean a single agency responsible for all services that a certain organisation would require. Traditionally, these services comprised brand planning, creativity, and media placement, but today, they can also encompass interactive media, web development services, and digital marketing. The AOR model was once the best option for agencies to continue in business since it provided stability through guaranteed recurring business as well as complete control over client strategy and implementation. However, as market conditions changed, clients no longer found the model adequate, leaving many agencies floundering.
To learn more about Agency of Record (AOR)
https://brainly.com/question/20397360
#SPJ4
A firm is currently using 12 machines. Each machine is capable of producing 100 units of output. It anticipates that by the end of the year, 3 of its machines will wear out.
a) if it expects to sell 1600 units next year, how many machines will it buy?
b) in the future may fewer machines be needed to produce the same output?
Answer:
Im pretty sure that the correct answer would be the letter A
True or false: adjusting entries ensure that assets in the balance sheet are reported at amounts that have been used up or expired during the period.
Adjusting entries make sure that assets are listed in the balance sheet at their current quantities rather than the amounts that have been used up or expired over the period. These journal entries are significant because they guarantee the accuracy of both the revenue statement and the balance sheet. The above statement is false as a result.
What Is an Adjusting Journal Entry?
Transactions that have already happened but haven't been properly documented in accordance with the accrual method of accounting are recorded using adjusting journal entries.At the conclusion of an accounting period, adjusting journal entries are written in a company's general ledger to comply with the matching and revenue recognition standards.Accruals, deferrals, and estimations are the three most typical types of adjusting journal entries.When one accounting period ends and another begins, it is used for accrual accounting.A cash accounting company does not require altering journal entries.To know more about Adjusting journal entries visit:
https://brainly.com/question/13483463
#SPJ4
What level of total utility is realized from the equilibrium combination of j and k, if the consumer has a money income of $64 and the prices of j and k are $8 and $4, respectively?
276 utils are realized from the equilibrium combination of j and k, if the consumer has a money income of $64 and the prices of j and k are $8 and $4, respectively.
What is Equilibrium?Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing. In general, when there is an abundance of products or services, prices decline, which increases demand, but when there is scarcity, prices rise, which decreases demand.
When supply and demand are balanced, the price is at equilibrium. When a major index has a period of consolidation or sideways motion, it is possible to assert that the forces of supply and demand are roughly equal and the market is in equilibrium.
Economists have discovered that price changes are frequently found to be near the equilibrium values. If the price rises too much, the market will force sellers to enter and expand output. If the asking price is too low, more buyers will drive up the cost. These activities sustain a relative equilibrium at the equilibrium level over time.
Thus, the balance of supply and demand is called Equilibrium.
For more information on Equilibrium, refer to the given link:
https://brainly.com/question/13463225
#SPJ4
Liability without fault is referred to as: _________
a. censored liability.
b. negligence.
c. strict liability.
d. products liability.
Liability without fault is referred to as: strict liability. Strict liability is defined as liability that is present regardless of fault. In circumstances involving strict liability, this means that the defendant is responsible even if he did not intend to hurt the plaintiff and did not bring about the incident via carelessness or negligence.
The Rule of Strict Liability, often called The Rule of No-Fault Liability, states that a person may be liable even though they are not at fault.
Although the person in this scenario may not have committed any damaging or careless acts and may even have made some constructive attempts, the rule nonetheless entitles him to compensation.
To learn more on strict liability
https://brainly.com/question/28173731
#SPJ4
Cash flow is generated by the firm and paid to creditors and shareholders, it can be classified as:________
Cash flow is Generated by the firm and paid to creditors,
It can be classified as Cash flow from Operations( Operating cash flow )
What is Cash flow from Operations?Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a service to customers. It is the first section depicted on a company's cash flow statement.
Cash flow from operating activities does not include long-term capital expenditures or investment revenue and expense. Keywords of cash flow from operating:CFO focuses only on the core business and is also known as operating cash flow (OCF) or net cash from operating activities.Cash flow from operating activities is an important benchmark to determine the financial success of a company's core business activities.Cash flow from operating activities is the first section depicted on a cash flow statement, which also includes cash from investing and financing activities.There are two methods for depicting cash from operating activities on a cash flow statement: the indirect method and the direct method.The indirect method begins with net income from the income statement and then adds back noncash items to arrive at a cash basis figure.The direct method tracks all transactions in a period on a cash basis and uses actual cash inflows and outflows on the cash flow statement.
To learn more about Operating cash flow, refer
to https://brainly.com/question/26106218
#SPJ4
The input sites for chemical messengers from other neurons on the receiving neurons are called _________________.
The input sites for chemical messengers from other neurons on the receiving neurons are called neurotransmitters. Hence, the correct answer is neurotransmitters.
What informs neurotransmitters?If action potential gets to the end of the axon, chemical messengers known as neurotransmitters are produced into the synaptic gap between the sending and receiving neuron. This point is called a synapse.
Therefore, the correct answer is as given above
learn more about neurotransmitters: https://brainly.com/question/26387085
#SPJ1
Suppose pizzas and burgers are substitutes. if the price of pizza increases, what happens in each market?
If the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.
What is Demand curve?
A demand curve is a graph that shows the relationship between the cost of a given good and the amount that is desired at that cost. Demand curves can be applied to the price-quantity connection for either a specific consumer or for every consumer in a given market.
The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
Pizzas and burgers exist as substitutes. This implies that they are utilized in place of each other. If the price of pizza increases, the quantity demanded will decrease. This will be characterized by an upward movement to the left on the same demand curve.
Consumers will prefer a more affordable substitute, and as a result, the demand for burgers will increase. This will be displayed by a rightward shift in the demand curve for burgers..
Hence, if the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.
To learn more about Demand curve refer to:
https://brainly.com/question/16790743
#SPJ4
The opportunity cost of producing a tub of ice cream is ______________ at point a than at point b. the opportunity cost of producing a pound of butter is ______________ at point b than at point a.
The opportunity cost of producing a tub of ice cream is greater at point a than at point
b. the opportunity cost of producing a pound of butter is less at point b than at point a.
What is the opportunity cost?The production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The production possibilities frontiers is concave to the origin. This as a result of opportunity cost involved in the production of goods and services. As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Please find attached the complete question. For more information about the production possibility frontier, please check: https://brainly.com/question/25774783
#SPJ1
If sellers do not adjust their quantity supplied at all in response to a change in price, the price elasticity of supply is:__________
The supply curve is vertical and the price elasticity of supply is zero if sellers do not alter their quantity supplied at all in response to a change in price.
A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. Basic economic theory states that when a good's price grows, so will its supply. A good's supply will fall when its price rises, on the other hand. Price elasticity of demand is another factor. This gauges how quickly a price change affects the quantity demanded. In general, price elasticity quantifies how much a given change in price affects a product's supply or demand.
To learn more about Price elasticity of supply here
https://brainly.com/question/13565779
#SPJ4
The cost of any required medical exams in the underwriting process is paid by the?
The cost of any required medical exams in the underwriting process is paid by the Insurer.
What is insurer?
The organization that disburses that compensation is the insurer. They are the organization that creates the insurance plan and establishes the conditions of the contract. Underwriter and insurer are frequently used interchangeably. Insurance companies are in charge of delivering on the promise made by an insurance policy to compensate the policyholder for a loss.
the company offering the insurance policies are responsible for payment of required for any medical examinations in the underwriting process.
To know more about insurer, go to URL
https://brainly.com/question/26543359
#SPJ4
A stakeholder has ______ when its needs are within the bounds of the law or are otherwise relevant to the firm.
A stakeholder has a legitimate claim when its needs are within the bounds of the law or are otherwise relevant to the firm.
Who are the stakeholder?These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders in a firm includes the investors, employees, customers, suppliers, communities, governments, trade associations, foreign investor etc.
However, in most case, the stakeholder has a legitimate claim when its needs are within the bounds of the law or are otherwise relevant to the firm.
Read more about stakeholders
brainly.com/question/15532995
#SPJ1
In the product markets of the circular flow model, households provide __________ to the business sector in exchange for goods and services.
In the product markets of the circular flow model, households provide Consumption Spending (or Revenues) to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
To know more about consumer spending, click here:-
https://brainly.com/question/14809763
#SPJ4
If ramen noodles are an inferior good, then an increase in income will lead to a:________
If ramen noodles are an inferior good, then an increase in income will lead to an increase in the demand for Ramen Noodles.
What are inferior goods?The demand for a class of goods known as inferior goods decreases as consumer income increases. When a nation's economy expands, so does the income of its people, which leads them to abandon the cheaper brands they previously bought in favor of more expensive ones.
The rise in household income has a significant impact on consumers' purchasing decisions, which in turn affects the sales of particular goods. As a result of their declining demand, these commodities become less appealing and of worse quality. In times of recession, economic contraction, or lower income, these commodities show negative price elasticity but end up being more accessible and in demand than pricey ones.
Therefore, it is the inferior goods whose demand decreases with an increase in income.
For more information on inferior goods, refer to the given link:
https://brainly.com/question/24100151
#SPJ4
Ada inc. stopped its production of oral care goods after determining apparel production to be its new primary objective. this is a direct result of the _____ planning process at ada inc.
As a direct result of the strategic planning process at ADA inc. They stopped its production of oral care goods after determining apparel production to be its new primary objective. In general, strategic planning is a planning process that applies in the organization in order to understand the goals, directions, and decisions to get good results and according to targets. Usually this strategic plan has the goal of managing or managing all resources in the organization or company as well as possible to get the desired results.
Strategic planning is considered as the main thing in business growth if you want to be successful. The preparation of strategic plans makes the company always ready to face challenges and changes. Not only that, businesses can also seize the opportunities that exist as best they can. The strategic plan itself is a document used to communicate with the organization and its objectives. All strategic plans made in the strategic plan must include an action plan that is able to realize these goals by considering other important business aspects.
#SPJ4
Only costs that would disappear over time if a segment disappeared should be treated as:________
Answer:traceable
Explanation:
One of the most important ways that erps benefit organizations and their business processes is?
One of the most important ways that ERPs benefit organizations and their business processes is: Current information is made available to all users involved in the activities and decisions associated with a company's business processes.
Business processes are the ways within which organizations coordinate and organize work activities, information, and knowledge to provide their valuable products or services. It enforces best practices through the business processes embedded within the software.
The importance of business processes can not be overstated. Optimizing business processes can facilitate your avoid mistakes and delays, improving cost-effectiveness, productivity, supplier relationships, and customer satisfaction.
There are Three Broad kinds of Business Processes. Every business is different, and also the categories into which business processes fall will depend upon what your business does. a selected form of task may well be a support process in one business and a core process in another.
learn more about business processes: https://brainly.com/question/14476382
#SPJ4
A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is?
The slope of the demand curve displaying the relationship between the price of cars and the quantity demanded will be negative.
Generally, the demand curve slopes downwards and goes below 0 as it shows that as the price increases the demand for the product will fall. As the prices decrease the demand for the product will increase. This shows that there is an inverse relationship between the price of the cars and the quantity demand of the cars.
A demand curve is a graph that helps to show the relationship between the quantity demand of a particular product and the price of that product. The demand curve can be used to show the relationship for a particular individual. The demand curve can also be used to show the demand for the entire industry.
Learn more about demand curves here:
https://brainly.com/question/9387886
#SPJ4
Current year taxes are estimated at $2,150. for a september 10 closing, the settlement worksheet entries would be:________
Taxes for the current year are expected at $2,150. The settlement worksheet entries would be positive for a close on September 10.
Taxes are compulsory contributions that a government agency, whether local, regional, or federal, imposes on people or businesses. Public works and services like roads and schools, as well as programs like Social Security and Medicare, are funded by tax income.
In economics, taxes fall on whoever bears the cost of the tax, whether this is the taxed entity, such as a business, or the final users of the items produced by the business. Payroll taxes, federal and state income taxes, and sales taxes are just a few of the taxes that need to be taken into account from an accounting standpoint.
To know more about Taxes
https://brainly.com/question/26316390
#SPJ4
If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, what is the median salary?
If ten executives have salaries of $80,000, six have salaries of $75,000, and three have salaries of $70,000, The median salary is $80,000
Total number of observation = 10+6+3= 19
Median = [tex]\frac{n+1}{2}[/tex] =20/2 = 10 th value
Reason:
The median is the middle score when they are arranged in ascending or descending order.
Since there are a total of 19 observed values, the tenth value is the median $80,000
What is the median ?
The median is the middle number arranged in , ascending or descending order of numbers and can be more detailed of that data set than the average.
Why is median important?
The median is important because it gives us an information about the the center value of data and its location. The median tends to be more helpful to calculate than the mean when a distribution is skewed and/or has outliers.
Learn more about median:
brainly.com/question/14532771
#SPJ4
I read a review for an exciting new japanese restaurant that's opening downtown this saturday. Every friday, she closes the store after she arranged the mannequins in the window to display the new merchandise
Both sentences have grammatical errors.
Grammatical errors refer to mistakes carried out in the subject-verb agreement, tense, preposition, conjunctions, sentence construction, and so on.
In sentence 1, we have a preposition error and a tense error. 'For' should be replaced by 'of.' 'Opening' will be changed to 'opened' since the review can only be written after the opening of the restaurant. Thus, the restaurant opening must have already happened. Thus, past tense should be used.
In the second sentence, the tense is wrong. A daily action has been mentioned. Thus, simple present tense should be used. 'Arranged' should be replaced with 'arrange.' Since the subject is singular, we will take the word 'arranges.'
To learn more about grammar,
https://brainly.com/question/1952321
https://brainly.com/question/1446074
#SPJ4
The complete question is given below:
Which sentence has a grammatical or spelling error?
1. I read a review for an exciting new Japanese restaurant that's opening downtown this Saturday.
2. Every Friday, she closes the store after she arranged the mannequins in the window to display the new merchandise.
3. Both are correct
True or false: when the price of one product rises, the demand for its substitute will increase.
True - The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply.
The selection is appropriate since alternative commodities are defined as goods that provide a similar purpose for a consumer. Since they provide a comparable level of enjoyment to consumers, substitute goods can be used in place of one another. As a result, as the cost of a substitute good increases, demand for the other commodity also increases. As a result, the price of the other good rises as a result of the increased demand for it. This is due to the fact that as a good's price increases, consumers tend to make fewer demands of it rather than switching to a different one. As a result of the interaction between price and overall quantity of commodities, it reflects the increasing slope of the demand curve.
The law of demand states that demand for an item or resource will go down as its price goes up and up as its price goes up.
On the other side, lower prices tend to enhance an economic good's supply while higher prices tend to decrease it, according to the law of supply. A visual illustration of the market-clearing price is the point where the supply and demand curves connect, balancing supply and demand. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.
To lean more about law of demand from the given link.
https://brainly.com/question/1222851
#SPJ4
Doing business sustainably and fostering a high degree of transparency are examples of:________
One way to develop an ethical culture is to promote sustainable business practices and a high level of openness.
What does an ethical work environment or culture look like?
The ethical workplace culture is shaped by industry and governmental standards, and employees are expected to uphold the company's code of conduct. An "ethical workplace `is one that encourages tolerance, compassion, loyalty and honesty in the handling of customers and workers," according to SHRM. It also prioritizes employee rights, fair procedures, equity in pay and promotion.
The company rules that establish organizational norms, ethics, social climate, and values at work make up workplace culture (and/or varieties of ethical culture in business.
to know more about ethical work environment
https://brainly.com/question/13383200
#SPJ4
Studying how a student allocates his/her time between school and video games is an example of?
Studying how a student allocates his/her period between school and video games is an example of Microeconomics.
What is meant by Microeconomics?Microeconomics is a subfield of traditional economics that examines how people and businesses behave when deciding how to distribute scarce resources and how these people and businesses interact. Microeconomics, as the prefix suggests, examines the economy on a small scale, such as the financial choices made by individual people.
Following are some illustrations of microeconomics: how a neighborhood business chooses to spend its money. how a city chooses to use an excess of government funds. The following are the top three ideas in microeconomics: Demand elasticity. marginal demand and utility. availability flexibility. Microeconomics is the study of how people, households, and businesses make decisions and distribute resources. It mainly pertains to markets for products and services and addresses both personal and financial concerns.
Hence, Studying how a student allocates his/her period between school and video games is an example of Microeconomics.
To learn more about Microeconomics refer to:
https://brainly.com/question/3539237
#SPJ4
