The concept of competitive advantage is central to the study of strategic management because it lies at the heart of achieving sustainable success in the competitive business landscape. Competitive advantage refers to the unique set of resources, capabilities, or market positioning that enables an organization to outperform its competitors and achieve superior performance.
Here are some key reasons why the concept of competitive advantage is crucial in strategic management:
1. Market Differentiation: Competitive advantage allows organizations to differentiate themselves from competitors and create a unique value proposition in the market. By offering distinctive products, services, or customer experiences, companies can attract customers and build customer loyalty.
2. Long-term Profitability: Competitive advantage enables organizations to generate higher profits and financial returns over the long term. By possessing unique resources, such as proprietary technology or exclusive supplier relationships, companies can establish barriers to entry and maintain a competitive edge, leading to sustained profitability.
3. Sustainable Positioning: Achieving and maintaining a competitive advantage helps organizations establish a sustainable market position. It allows them to defend against threats from new entrants, substitute products, or competitive forces. By continuously enhancing their capabilities and adapting to changing market dynamics, organizations can stay ahead of competitors and secure their market position.
4. Strategic Decision Making: The pursuit of competitive advantage guides strategic decision-making processes. It helps organizations identify opportunities and threats, allocate resources effectively, and formulate strategies that capitalize on their strengths and exploit market opportunities. Competitive advantage serves as a guiding principle in setting goals, making investments, and allocating resources to enhance overall performance.
5. Value Creation: Competitive advantage is closely linked to the creation of value for customers and stakeholders. By delivering superior products or services, organizations can meet customer needs more effectively, command premium prices, and build strong brand equity. This value creation leads to customer satisfaction, loyalty, and ultimately, increased market share.
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Why does a price ceiling set below
the equilibrium price result in a shortage?
Answer:
Price ceilings are enacted in an attempt to keep prices low for those who demand the product—be it housing, prescription drugs, or auto insurance. But when the market price is not allowed to rise to the equilibrium level, quantity demanded exceeds quantity supplied, and thus a shortage occurs.
A real estate transaction will close on November 15. The seller is responsible for costs up to and including the date of closing, and has already paid the property taxes of $5,116 for the calendar year. On the closing statement, the buyer will be
On the closing statement that's given, the amount that the buyer will be debited is $639.50.
What is a closing statement?A closing statement simply means the document that records the details regarding a financial transaction.
From the complete question, it can be inferred that on the closing statement, the buyer will be debited $639.50.
The debit in this case is necessary to summarize the finance regarding the real estate transactions.
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4. Company B's stock price is $500. You overhear a classmate say, "Based on the stock price, Company B's value is clearly higher than Nike's!" Why might your classmate be wrong?
Your classmate may be wrong because the stock price alone doesn't necessarily reflect the value of a company. Other factors, such as the company's size, profits, assets, and liabilities, also need to be taken into account when assessing the value of a company. The stock price is just one piece of information and doesn't necessarily show the whole picture.
Type the correct answer in the box. Spell all words correctly.
Identify the art of advertising that the given scenario portrays.
Jim is renovating his boutique. He wants to redo the display area of his store. Jim is paying special attention to the placement of the merchandise throughout the store. He wants to display it in a creative, aesthetically pleasing manner to attract customers. Jim is engaging in________.
.
Answer: visual merchandising
Explanation: edmentum
Question 19 The Biden and Harris company is considering adding toys to their gift shop. They estimate the cost of new inventory will be $9,000 and remodeling expenses will be $1,000. Toy sales are expected to produce net cash inflows of $1,300, $4.900, $4,400, and $4,100 over the next four years, respectively. Should Alicia add toys to her store if she assigns a 3-year payback period to this project? Why or why not? O Yes; The payback period is 3.94 years. No; The payback period is 3.09 years. O No; The payback period is 2.86 years. Yes; The payback period is 3.09 years. O Yes; The payback period is 2.86 years.
Yes; The payback period is 3.09 years.
To determine if Alicia should add toys to her store based on the 3-year payback period, we need to calculate the payback period for this project. Here are the steps to do that:
1. Calculate the initial investment: $9,000 (inventory) + $1,000 (remodelling) = $10,000
2. Add the net cash inflows for each year until the initial investment is recovered:
Year 1: $1,300
Year 2: $4,900
Year 3: $4,400
3. Calculate the cumulative cash inflows:
Year 1: $1,300
Year 2: $1,300 + $4,900 = $6,200
Year 3: $6,200 + $4,400 = $10,600
4. Calculate the payback period: In 3 years, the cumulative cash inflow is $10,600, which is greater than the initial investment of $10,000. Therefore, the payback period is slightly less than 3 years. To find the exact payback period, subtract the cumulative cash inflow of Year 2 from the initial investment and divide it by the net cash inflow of Year 3:
($10,000 - $6,200) / $4,400 = 3.09 years
Since the payback period is 3.09 years, which is longer than the 3-year payback period assigned, Alicia should not add toys to her store.
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What do individuals and households provide to the government?
When you plan a presentation, how should you make sure you stay on track as you talk?
A. Make a list of general topics and points you want to cover.
B. Write out every word of the presentation on notecards.
C. Memorize every word of the presentation in your head.
D. Have the audience tell you what else you need to talk about.
Answer:
A make a list
Explanation:
Answer:
It's A. Make a list of general topics and points you want to cover.
Explanation: hope it helps ^w^
A seller receives $18,000 proceeds from the sale of her home. The mortgage balance was $32,000, she paid a commission of 7%, and her closing costs were 3%. What was the sales price
A seller receives $18,000 proceeds from the sale of her home. The mortgage balance was $32,000, she paid a commission of 7%, and her closing costs were 3% .Therefore, the sales price of the home is $55,555.56.
The sales price of the home can be determined by subtracting the mortgage balance, the commission, and the closing costs from the proceeds received by the seller.
Step 1: Calculate the commission:
The commission is calculated by multiplying the sales price by the commission rate. In this case, the commission rate is 7%, so the commission can be calculated as follows:
Commission = 7% of Sales Price
Step 2: Calculate the closing costs:
The closing costs are calculated by multiplying the sales price by the closing cost rate. In this case, the closing cost rate is 3%, so the closing costs can be calculated as follows:
Closing Costs = 3% of Sales Price
Step 3: Calculate the sales price:
The sales price can be calculated by adding the mortgage balance, the commission, and the closing costs to the proceeds received by the seller. In this case, the proceeds received by the seller are $18,000, so the sales price can be calculated as follows:
Sales Price = Mortgage Balance + Commission + Closing Costs + Proceeds
Given:
Proceeds = $18,000
Mortgage Balance = $32,000
Commission = 7% of Sales Price
Closing Costs = 3% of Sales Price
Let's substitute the values into the equation:
Sales Price = $32,000 + (7% of Sales Price) + (3% of Sales Price) + $18,000
Now, let's solve the equation:
Sales Price = $32,000 + 0.07(Sales Price) + 0.03(Sales Price) + $18,000
Sales Price = $50,000 + 0.1(Sales Price)
To solve this equation, we can subtract 0.1(Sales Price) from both sides:
0.9(Sales Price) = $50,000
Then, divide both sides by 0.9 to solve for the Sales Price:
Sales Price = $50,000 / 0.9
By performing the calculation, we find that the Sales Price is $55,555.56.
Therefore, the sales price of the home is $55,555.56.
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What would happen if you fake a credit card number online on a website.
My 13 year old friend did that months ago and now he got a message saying his “chase account was locked due to suspicious activities”
I’m only asking because he’s freaking out
Answer:
Nothing. Just ignore it
Explanation:
If it was a fake credit card theres absolutely nothing to be worried about. Just go on with your day, it was months ago, bank security is strict if something was wrong they would've told him probably the same week of, add me on discord if you got more questions C H I L L
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What is a key aspect of the global economy that works against you when trying to save and invest?
Answer: Instability in currencies and crude oil
Explanation:
Investing and saving takes a toll on individuals when there in an unstable economy, they may have some property or money and in some moment it losses value. The following are global key aspect of the economy that can affect investment and saving;
-Instability of currencies; for someone whose local currency is far lower than dollars(the general trading currency), they would find it hard to invest most especially if the country imports most of what they use. They could get an item for a particular price in January and in the next week's, their local currency falls, they may not be able to afford that same item they got.
- Crude oil price; due to a large percentage of the world uses crude oil, it's rise and fall in prices affects a lot of people and their investment
during march, zea incorporated transferred $62,000 from work in process to finished goods and recorded a cost of goods sold of $68,000. the journal entries to record these transactions would include a:
The journal entries to record the transactions would include a credit to work in process of $62,000.
What does a journal entry include?Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes. The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
Although journal entries may include many data points following are the primary ones :
a header with the entry type described and the date entered in the journalsum of money(s), the account(s), and date(s) on which the transaction will debit those account (s)a special reference or identification number;one or more accounts, the sum(s) that will be credited, and the date or dates on which these credits will be effected;a concise explanation of the transactionJournal entries may also contain other pertinent information for the company, such as the subsidiary or subsidiaries participating in the transaction and the currency or currencies used.
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Use "auto.Dta". The study claims that average price of foreign cars is more than average price of domestic cars. Check validity of this claim by using dataset. Explain and mention all steps that are necessary for decision.
Answer:
Yes.
Explanation:
Yes, the claim of statement ''The study claims that average price of foreign cars is more than average price of domestic cars.'' is correct because the cars which is imported from foreign countries have high duty on them. This duty tax on these cars make them very expensive while on the other hand, the domestic cars have no duty on it so they are lower in price as compared to foreign cars.
Explain the role of public relations in developing and maintaining a corporate image.
By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.
To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.
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All of the following are true of Section II of the Businessowners Coverage Form, except: A Bodily injury coverage does not apply to rendering or failure to render professional services B Includes the cost of defending the insured C A personal injury loss must be committed in the coverage territory during the policy period D Business liability coverage applies to damage to an insured's property or work
All of the following are true of Section II of the Businessowners Coverage Form, except Business liability coverage applies to damage to an insured's property or work. The correct option is D. coverage that safeguards an organization against claims for bodily injury, property damage, or personal injury resulting from the insured's actions or inactions, up to the policy limits.
What does a business owner's policy cover?A business owner's policy, also known as a BOP, offers financial protection to small business owners in the event that their operations are abruptly halted due to a covered loss. This policy safeguards your inventory, buildings, and equipment.
Buildings are commonly included in the properties covered by a BOP. Additionally, the BOP will cover any property owned by the business or by a third party temporarily kept in the company or business owner's care, custody, or control.
Thus, the ideal selection is option D.
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when does the budgeting phase of the budget cycle begin
The budgeting phase of the budget cycle typically begins with the identification of financial goals and objectives. This is followed by the collection and analysis of financial data and the creation of a budget plan that outlines anticipated revenues, expenses, and cash flows for a specific period of time.
The budgeting phase of the budget cycle typically begins after the strategic planning phase is complete. During the strategic planning phase, the organization sets its goals and objectives for the upcoming period, which can range from a year to several years.
Once the goals and objectives have been established, the budgeting phase begins, and the organization develops a budget that outlines how it plans to allocate its resources to achieve those goals and objectives. This process involves identifying all of the expected revenues and expenses for the upcoming period and creating a budget that balances these items.
The budgeting phase can take several weeks or even months, depending on the size and complexity of the organization. During this phase, the organization may need to make difficult decisions about how to allocate its resources, which may involve prioritizing certain programs or projects over others. Once the budget has been developed, it is typically reviewed and approved by senior management or the board of directors before it is put into action.
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Some investors look for higher returns through riskier bonds called ______ bonds.
Some investors look for higher returns through riskier bonds called junk bonds.
Junk bonds are bonds which carry a higher risk of default than the other bonds issued by corporations or governments.
A bond is a debt or a promise to pay the investors, an interest payments along with the return of invested principal in exchange for buying the bond.
Junk bonds represent the bonds which are issued by companies which are financially struggling and have a high risk of defaulting and not paying their interest payments or repaying the principal to investors.
Junk bonds are also known as high-yield bonds because the higher yield is needed to help offset any risk of default.
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List one time the government should interfere in the decisions of individuals
Answer:
If the decisions are against them
Explanation:
They can stop it
is it fine to work on improving up to four EQ skills at a time?
Answer:
In order to build EQ—and become emotionally healthy—you must reconnect to your core emotions, accept them, and become comfortable with them. You can achieve this through the practice of mindfulness. Mindfulness is the practice of purposely focusing your attention on the present moment—and without judgment.
How do you start an organization?
For a Profit Organization:
1. Select the best business structure which favors you in taxes and protect. Such as corporation, limited liability company, sole proprietorship, general partnership, limited partnerships or a professional incorporation.
2. Decide the name you want to use to advertise your business.
3. Register company name with the state, county and the federal if applicable.
4. Check licensing requirements with the city county, city, state and federal.
5. Open a bank account
6. Advertising and Marketing
For a Non Profit Organization:
1. There are two types of non profit organizations religious and good cause.
2. It has to be registered wither with the state or county, depending upon the structure and the state you want to incorporate.
3. Apply with the federal to obtain a tax exempt status, so that your donors can claim donations on their tax returns.
4. Open a bank account
5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.
John has $10,000 in debt with discover, $4,000 in debt with chase, $9,000 in debt with citi bank, and $3,000 in debt with wells fargo, giving him a total debt of $26,000. what percentage of john's total debt is with discover
The percentage of John's debts with discover is \(38.46%\), by using percentage calculation.
Given,
John's total debt:
$10,000 with discover$4,000 with chase $9,000 with Citi bank$3,000 with wells FargoTotal debt of John is $26,000, to calculate his Percentage of debt with discover, we need to add all the debts and then calculate how much percentage is 10,000 of 26000.
Calculation is as follows:
\(10000/26000*100=38.46\)
Hence, The percentage of John's debts with discover is \(38.46%\)\(%\), by using percentage calculation.
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You are managing a large project for which your company may have to use several outside suppliers. The method and guidelines for managing these potential suppliers should be clearly defined in the:
The technique and suggestions for dealing with ability suppliers must be defined in the procurement control plan.
The procurement management plan is a report that outlines how procurement can be controlled, consisting of the technique for identifying capability providers, evaluating their proposals, and selecting the maximum suitable ones for the venture.
The plan should additionally element how contracts may be managed once they're in vicinity, along with how adjustments could be handled and how overall performance could be monitored.
By way of definitely defining those tips and processes, the procurement management plan facilitates ensure that the procurement process is conducted effectively, efficaciously, and in a manner this is steady with the dreams of the challenge.
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people who perform task and jobs are part of which factor of production
Answer:
The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.
Explanation:
i mass marketing is better than niche marketing true or false
Answer:
It is true
Explanation:
This résumé format focuses on an applicant™s work experience and education: a. chronological b. functional c. skills d. electronic please select the best answer from the choices provided a b c d
a decline in the value of the u.s. dollar will likely result in an increase in the —
A decline in the value of the U.S. dollar will likely result in an increase in the collection of accounts receivable from U.S.
What is a Currency depreciation?In context of U.S. dollar, currency depreciation refers to the decline in value of the dollar relative to another currency. The most basic monetary policy by the Fed can weaken the dollar when investment capital flees the U.S. as investors search elsewhere for higher yield.
Today, the main culprit for dollar declining in value was inflation data which showed that prices of things like airfares, used cars, and clothes were falling, laying the foundation for the Federal Reserve to slow its pace of interest-rate increases.
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the amount of money you may earn over time is called
The amount of money you may earn over time is called Future Earnings Potential. Amount that you might make in your lifetime. Demographics. Individual traits like age, gender, race, income, and so forth.
What is Future Earnings Potential?
Earning potential is the anticipated increase in total return that an investor might anticipate from holding an investment (capital gains plus dividends and cash flows). Ratio analysis is a tool used by fundamental analysts to estimate a company's earning potential for investors.
Total future values of your contracts less your compensation, the payroll of the company, and other fixed costs. Your projected future business income is represented by the resulting number.
Let's start with the definition of your earning potential (income potential): this is the sum of money you should be able to accumulate over the course of a certain period of time. In other words, this is a reference to your potential for financial gain. Earning potentials are often determined by the highest wage in a given industry or profession.
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The opportunity to gain a foothold in the snack cracker industry had just been found. Britney Marr, an account executive manager for Baked Wheat Industries had developed an interest in wheat crackers two months ago when one of her newly hired account execs, Amy Bender, had convinced her about the high margins and promising future associated with that market. Marr had always believed that if you do your homework in hiring the best people then it only makes sense to listen to their recommendations and implement their suggestions. Marr had given her approval to Bender to explore opportunities to move into this promising new market. This morning, Bender had reported that the Jackson Corporation had severed its contract with Feel Good Crackers Incorporated. Apparently, the Feel Good salesman had shared sensitive information about Jackson at a cocktail party. Bender had already established a good relationship with Feel Good buyers and so recognized this as an opportunity to expand her market into wheat crackers. Marr's management style reflects a belief in:_____.a) theory Y.
b) developing her employees through control.
c) grieving theory.
d) all of these.
e) none of these.
Answer:
The correct answer is the option A: Theory Y.
Explanation:
To begin with, the name of "Theory Y" is refered to the theory develop by Douglas McGregor in 1960 who encouraged the human part of the organization and always believed in the management of talent in order to obtain the best of every organization. Therefore that this theory stated that the people of the organization are the most important part of it and the very reason why the organization can be the best or the worst at its job. Moreover, it says that the person who is the manager and administrates the employees must given them good space to work in terms of physical and psychological environment so that the individuals can give the best of them to complete every task at their best.
you are in an car crash
The word is CAR.................
WHERE ARE YOU?
WHERE IS THE CAR LOCATED?
WHAT COLOR IS?
WHO IS WITH YOU?
HOW DID YOU ARRIVE AT YOUR DESTINATION?
WHERE WERE YOU TRYING TO GO?
ARE YOU INJURED?
IS ANYONE ELSE INJURED?
HOW ARE YOU FEELING?
IS IT DAYTIME OR NIGHT TIME?
DOES THE CAR BELONG TO YOU?
HAVE THE POLICE BEEN CALLED?
ANY CHILDREN OR PARENTS AROUND?
HOW ARE THEY REACTING?
Answer:
ayudaaaáaaaaaaaaaaaaaaaaaaaaaaaaaa
I invested $6,000 into two bank accounts. One account earns 11% per year, the other account earns 5% per year. How much did I invest into each account if after the first year, the combined interest from the two accounts is $570?
You invested $4,200 into the account earning 11% per year and $1,800 into the account earning 5% per year.
To determine the investment amounts, we can set up a system of equations based on the interest earned from each account. Let x represent the amount invested at 11% and y represent the amount invested at 5%.
The interest earned from the account at 11% would be 0.11x, and the interest earned from the account at 5% would be 0.05y. We know that the combined interest from the two accounts is $570, so we can write the equation:
0.11x + 0.05y = 570 (Equation 1)
We also know that the total investment is $6,000, so we have another equation:
x + y = 6000 (Equation 2)
To solve this system of equations, we can use substitution or elimination methods. By solving the equations, we find that x = $4,200 and y = $1,800.
Therefore, you invested $4,200 into the account earning 11% per year and $1,800 into the account earning 5% per year.
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ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answer:
understanding the interest rate
Explanation:
i took the test