A business must not only look at its direct competitors, but also must contend with those firms that offer a product that consumermight alternatively:________
Answers
A business must always be vigilant in monitoring not just its direct competitors, but also those firms offering alternative products that consumers might consider.
Direct competitors are businesses that offer similar products or services within the same market segment. However, alternative products can pose a significant threat as they may cater to the same consumer needs or preferences, albeit in a different manner.
Understanding the competitive landscape is crucial for a business to adapt and stay relevant. This involves not only analyzing the strategies and offerings of direct competitors but also assessing alternative products. Alternative products can be those that cater to the same consumer needs but may come from different industries or market segments.
For instance, a car manufacturer must not only look at other automobile companies but also consider public transportation, ride-sharing services, and even bicycle manufacturers. These alternatives may affect the demand for cars, making it essential for the car manufacturer to identify these threats and address them through innovation, marketing, and improved customer service.
It's important for a business to continuously research and monitor the market for new and emerging alternative products. By doing so, they can gain insights into consumer behavior, preferences, and expectations, allowing them to develop strategies to maintain their competitive edge. This may involve introducing new products, features, or services that cater to changing customer needs or finding ways to differentiate their offerings from both direct competitors and alternative options.
In conclusion, a successful business must remain vigilant about all forms of competition, including alternative products, to maintain market share and stay relevant in an ever-changing marketplace. By understanding and addressing these threats, a business can enhance its long-term success and sustainability.
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Related Questions
The top two targets for ransomware attacks are the __________. Group of answer choices Internal Revenue Service and the Social Security Administration petroleum industry and nuclear facilities aviation and aerospace industries healthcare industry and financial institutions
Answers
The top two targets for ransomware attacks are the healthcare industry and financial institutions. Ransomware attacks involve malicious software that encrypts a victim's data and demands a ransom payment in exchange for restoring access.
The healthcare industry is an attractive target due to its reliance on sensitive patient data and the criticality of healthcare services. Cybercriminals understand the value of medical records, which can be sold on the dark web or used for identity theft, insurance fraud, or extortion. Financial institutions, including banks, credit card companies, and other financial service providers, are also prime targets for ransomware attacks. They handle vast amounts of financial data, including customer records, transaction details, and account information. By compromising financial institutions, hackers can gain access to valuable financial assets, conduct fraudulent activities, or even disrupt the entire financial system.
Both the healthcare industry and financial institutions hold valuable assets and critical infrastructure, making them lucrative targets for cybercriminals seeking financial gain. Furthermore, the potential impact of ransomware attacks on these sectors can be severe, leading to financial losses, compromised personal information, and disrupted services, which can have far-reaching consequences for individuals and society as a whole.
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give short introduction about tourism industry
Answers
Answer:
Tourism industry is the industry that manages all the resources related to the tourism like hotel management, guides and many more. Tourism industry is very beneficial for the developing countries like Nepal, India and many more. Through it there will be economic development in the country. And from the economical development the citizens of the country can get facilities.
Answer:
Explanation: Tourism is the activities of people traveling to and staying in places outside their usual environment for leisure, business or other purposes for not more than one consecutive year.1.Domestic Tourism -Domestic tourism is the act of travelling for business or leisure within one’s home country2.International tourism-International tourisminvolves tourist who are traveling to different countries.
How do you create a positive change in the workplace?
Answers
Create a positive change in the workplace Encourage open communication, Celebrate successes, Embrace diversity, Foster collaboration, Provide recognition and Encourage feedback.
What is workplace?Workplace is an online platform that enables businesses and organizations to connect and collaborate with their employees, partners, and customers. It provides users with a variety of tools and services to help them communicate, share ideas and information, and manage projects.
1. Encourage open communication – Open communication allows for the free flow of ideas, which can lead to positive changes.
2. Celebrate successes – Celebrating successes encourages everyone to work hard and strive for better results in the future.
3. Embrace diversity – A diverse workplace encourages different ideas and perspectives, which can lead to positive changes.
4. Foster collaboration – Working together can help achieve better results, which can create a positive change in the workplace.
5. Provide recognition – Recognizing employees for their hard work and accomplishments can help boost morale and foster a positive work environment.
6. Encourage feedback – Gathering feedback from employees can help identify areas of improvement and create positive changes.
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a fixed-price contract is useful and appropriate when
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As a salaried employee, Richard Hernandez earns $776 each week. In one week, he worked 50 hours. What is his gross pay for that week?
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Answer:
He would get paid $38,800 he will get $38,800 because I multiplied $776 and the 50 hours and that's how I got $38,800.
A potential negative result of trade agreements is
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agreements is JOB LOSS::
here's a easy career question
Answers
The answer is A) adjunct
Hope this helps :)
Helen inherited some money from her grandmother. She decided to open a coffee shop. She explored the main market area near her house to scope out the competition. The competitors were all famous branded coffee houses. They heavily advertised their coffee and had a lot of brand awareness among the customers. They sold their coffee at a low price, because they could divide the cost of operations over a large number of sales. There was an area near a business center that seemed distant from these branded coffee houses. She decided to rent this location for her shop. She realized that she would also need to serve coffee that at least equalled the standards of the branded coffee houses.
Answers
Answer:
Helen decided to rent her shop in this location.
Explanation:
Helen choose to rent her shop in the location where there are many competitors. The competitors are well established branded coffee houses who serve coffee to their customers at very low price. In this situation customers will not move to any new coffee house. So Helen decided differentiating her coffee shop from other coffee houses and she decided to open a coffee shop where there are less or no competitors available.
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 21) The statement of cash flows A) must be prepared on a daily basis. B) summarizes the operating, financing, and investing activities of an entity. C) is a special section of the income statement. D) is another name for the income statement. 22) Which one of the following items is not generally used in preparing a statement of cash flows? A) Additional information. B) Current income statement. c) Comparative balance sheets. D) Adjusted trial balance. 23) The primary purpose of the statement of cash flows is to A) facilitate banking relationships. B) prove that revenues exceed expenses if there is a net income. C) provide information about the investing and financing activities during a period. D) provide information about the cash receipts and cash payments during a period. 24) If a company reports a net loss, it A) will not be able to make capital expenditures. B) will not be able to pay cash dividends. C) will not be able to get a loan. D) may still have a net increase in cash. 25) In addition to the three basic financial statements, which of the following is also a required financial statement? A) Statement of Cash Inflows and Outflows. B) The Cash Budget. C) Statement of Cash Flows. D) The Cash Reconciliation.
Answers
The statement of cash flow summarizes the operating, financing, and investing activities of an entity. Adjusted trial balance is not generally used in preparing a statement of cash flows.
What three types of cash flows are there?
Three different types of cash flow
working capital flow.investing incoming cash.funding the cash flow.The primary purpose of the statement of cash flows is to provide information about the cash receipts and cash payments during a period.
If a company reports a net loss, it may still have a net increase in cash.
Therefore, In addition to the three basic financial statements, Statement of Cash Flows is also a required financial statement.
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Amy-Jo works for herself selling weight-loss products door to door. This is
A. not typical, because most door-to-door salespeople work for companies.
B. not typical, because products are rarely sold door to door.
C. typical, because most door-to-door salespeople are self-employed.
D. typical, because most weight-loss products are sold door to door
Answers
Answer:
C. typical, because most door-to-door salespeople are self-employed.
Explanation:
Army-Jo can be classified as a small scale retailer. It is normal for entrepreneurs with businesses with the same classification to conduct door-to-door by themselves.
A majority of salespersons who do-to door sales are self-employed. As a business doing do-to-door selling is much profitable because of reasons such as
Selling door to door eliminates the need for a store, which is expensive to establish.Hiring a good salesperson is expensive due to the wages involved.Door-to-door is less costly. Only time expense is incurred.Answer:
its D
Explanation:
:P
Scenario: Country W has placed a trade embargo on Country L because they are not seeing eye to eye on global political issues. As a result of this embargo, Country L is having difficulties receiving the metals needed to continue production of their famously reliable cars. Answer the following question according to the information presented in the scenario. By creating an embargo, Country W is creating a(n)_____. The embargo will cause Country L's productivity to_____.
Answers
Answer: Punishment and Decrease
Explanation: I got it right.
The correct options are (A) By creating an embargo, Country W is creating a barrier to trade. The embargo will cause Country L's productivity to (B) decrease or decline, as they are having difficulties receiving the metals needed for production of their cars.
What is barrier in trade?A barrier in trade refers to any obstacle that hinders free and open trade. Such hindrances can be created intentionally or unintentionally by governments or other players in the market. Barriers in trade can take on many forms, such as tariffs, quotas, embargoes, regulations, and subsidies. They affect international trade by increasing the costs of goods, limiting consumer choices and reducing the amount of trade between countries. The result is often a negative impact on the economy, as barriers lead to decreased productivity, reduced competition, and increased costs. Countries often use trade barriers to protect their domestic industries or to correct perceived trade imbalances.
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Which of these are commonly found on a partnership agreement?
Answers
Answer:
We need the options
Explanation:
please add options
- Osi
Who would be best suited to analyze budgets, create reports, explain information to others, and handle internal company procedures and finances?
Receptionist
Marketing Agent
Manager
Business Analyst
Answers
Answer:
Business Analyst
Explanation:
They analyze a business or organizations domain. They also documents its business, processes, or systems. Business Analyst helps in guiding businesses in improving processes, products, services, and software through data analysis
Answer:
its d
Explanation:
edg.2021
Owen makes $25,000 a year. He has just inherited $100,000 dollars. Owen owes 25,000 and has 25,000 in savings. What is his wealth
Answers
Based on the given scenario Owen wealth is $100,000.
What is wealth?Wealth simply means to have enough cash either at hand or in bank or to be in possession of large amount of money or to have valuable assets that can be converted into cash.
Based on the given scenario the amount that was inherited by Owen which is the sum of $100,000 will be Owen wealth.
Inconclusion Owen wealth is $100,000.
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to assess the impact of ________ on global market, sellers must understand the ways that consumers in different countries think about and use certain products before planning a marketing program.
Answers
To assess the impact of cultural factors on the global market, sellers must understand the ways that consumers in different countries think about and use certain products before planning a marketing program.
Culture plays a significant role in shaping consumer behavior and preferences. It influences how individuals perceive and value products, their purchasing decisions, and their consumption patterns. Cultural factors such as beliefs, values, customs, language, and social norms vary across countries and can have a profound impact on consumer behavior. Therefore, to effectively cater to diverse markets and develop successful marketing strategies, sellers need to gain insights into the cultural nuances and adapt their offerings accordingly.
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What role, if any, should hattie's past record play in this case? explain your answer. 2. Does management have a right to know why employees refuse to work overtime? why or why not? 3. Evaluate the arguments of hattie mae and management in this case. 4. If you were a member of the company's peer-review complaint committee, how would you vote in this case? what facts would cause you to vote this way?
Answers
The arguments of hattie mae and management in this fraud detection case. What would you say to the committee regarding the significance of managers and staff receiving fraud detection training so as to reduce the losses.
Fraud detection is a collection of procedures used to protect money and property from fraudulent claims.It can be used in a variety of industries, including banking and insurance.
Employees are a valuable resource that can aid in the suppression of fraud were a member of the company's peer-review complaint committee, When they are properly trained in fraud detection, the scam will be stopped fairly early on. This can prevent losses for the business and cut down the time and expense needed for auditing and fraud detection.
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In 2017, being "born global" is a must for fledgling businesses. Doing so is easier than you think, says Suranga Herath, CEO of English Tea Shop. onventional wisdom says that a business should get its domestic ducks in a row, before venturing overseas. But in the digital age, a new generation of businesses is making a strong case for nearly all new businesses to be "born global", that is, have an immediate focus on the international stage. The arguments for exporting are well known: it can increase the prestige of your brand and can allow you to tap into unexploited economies[1]. My argument is therefore: with all the benefits that going global offers...why wait...Why not be born global? Being born global is easier than you think Being born global may seem radical, but can be much, much simpler than many think. For me, being born global isn't necessarily about having offices and employees overseas, or prioritising the international side of things although it can be. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. Cutting to the chase - how being born global accelerates growth The benefits of being born global can be profound - take my business English Tea Shop as an example. Launching in 2010, we set out creating a brand we knew would resonate with global audiences. Indeed, the UK didn't become a focus for us until 2012. While domestic sales now account for around a third of our UK business, an immediate international outlook allowed us to grow very rapidly. We're now in 50 markets around the world. In short, there's no way we would have achieved this kind of scale if we'd had a domestic-first approach. Should your business be born global? I believe almost any business could in some way be born global. But there are a number of factors to consider when asking whether it's right for your business. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global. But to my mind, if managed practically, the potential challenges are completely outweighed by the potential gains. This is particularly true when you consider the direction the world is moving in - that is, by and large, closer together. In particular, developing markets are where businesses can find the fastest growth and if you're not international, you're not in the game. With that in mind, and from my own experience here are five insights to help a fledgling business be born global: However big or small, include an international element in your business plan. This will focus your mind on the opportunities that lie overseas. It may be the core of your strategy, or just something you'd like to explore in the future, but make sure it's there. Start - but don't stick - with what you know. Maybe you've spotted a niche in a certain market, maybe you speak a language, maybe you have relatives living overseas. In some cases it may be appropriate to start your international journey there. However, keep an open mind - there's a whole world of opportunity out there. Find the right balance. The optimum split between domestic and international differs from business to business. English Tea Shop started off being 100% international but we've now dialled it back to being about 70/30. We're entering new markets all the time and we think it's vital to maintain a sense of agility. Use external resources. Logistics providers, UKTI, small business media - there's a whole wealth of information out there to support and guide you from the very beginning. If there are any areas of expertise or practical knowledge you feel you're lacking, you can be sure help is there for those who ask for it. Be ready for the rush. If all goes to plan, your business will grow rapidly - and for this reason you should make sure you have a solid infrastructure in place if things suddenly explode.
Answers
Being "born global" is a mindset where businesses seek international opportunities from the very beginning. It is much, 3SPJmuch simpler than many think and can accelerate growth. It is a must for fledgling businesses in 2017.
The advantages of being born global can be profound. Being born global is a mindset where businesses seek international opportunities from the very beginning. In its purest sense, being born global is a mindset where businesses seek international opportunities from the very beginning. The benefits of being born global can be profound.
In particular, developing markets are where businesses can find the fastest growth. Language and cultural barriers, logistics, market knowledge, manpower are all very valid reasons why businesses refrain from going global.However, if managed practically, the potential challenges are completely outweighed by the potential gains. It is much, much simpler than many think and can accelerate growth. If you're not international, you're not in the game.
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is it fine to work on improving up to four EQ skills at a time?
Answers
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.
Use this with "kind."
True
False
Answers
Answer:
??? what do you mean? please be more elaborate
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
suppose a market is in equilibrium. if a price ceiling is set by the government below the equilibrium price, which of the following is most likely to occur? group of answer choices a new equilibrium a shortage a surplus a decline in quantity demanded an increase in the quantity being sold
Answers
A price ceiling is a government limit set on the maximum price a product or service can be sold at.
If a price ceiling is set below the equilibrium price, it will lead to a shortage of the good. The demand for the good will increase as buyers will be able to purchase the good at a lower price. However, the supply of the good will not increase as the price is below the equilibrium price and suppliers will not be able to sell the good at a profit. This will cause a shortage in the market as the quantity of the good demanded exceeds the quantity of the good supplied. This will lead to an increase in the price of the good as buyers compete for the limited supply of the good. As the price increases, the quantity of the good being sold will decline as the price is no longer below the equilibrium price. Ultimately, the market will reach a new equilibrium with a higher price and a lower quantity.
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Information in digital form
a. is decreasing
b. is in an electronic format
c. cannot be read by a computer
d. none of the above
Answers
Answer: B is in electronic format
Explanation: Electronic format means that it can be read on a digital device.
bondholders never have any control over the actions of a firm.
Answers
The given statement, "Bondholders never have any control over the actions of a firm," is false because bondholders do have certain rights and controls over a firm.
When a company issues bonds, bondholders become creditors and have legal claims on the assets of the firm. They have the right to receive interest payments and repayment of the principal amount.
Additionally, bondholders may have covenants or contractual agreements with the firm that grant them specific rights, such as the ability to demand early repayment or impose restrictions on the firm's actions.
While bondholders typically have limited control compared to shareholders, they do possess certain rights and mechanisms to influence the actions of a firm.
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Why is it important to have insurance?
It's important to have insurance so people can
protect themselves from losing a lot of money in
the event of an unpredictable event or something
happens to them or their property.
So individuals can defend against the possibility of
financial loss due to unpredictable event
So people can engage in risky behavior without
financial consequences
A and B
Answers
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something that happens to them or their property. So individuals can defend against the possibility of financial loss due to unpredictable events. The correct options are a and b.
What is insurance?Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Compare these two sections of resumes. Which is more appropriate? a. - Completed nine-hour training course • Ran simulation software, • Used test probe to test over one hundred parts - Started a test plan document. b. Completed nine-hour training course • Ran simulation software • Used test probe to test over one hundred parts • Started a test plan document JURG Fil, Ir. Ob a
Answers
Answer:
the second one
Explanation:
Approximately 2.2 million American workers are employed as customer service representatives.
False
True
Answers
Answer:
True
Explanation:
Adjusting Entries are used by
which of the following
accounting methods?
A. Generally Accepted Accounting Principles
B. Universal Accounting Practices
C. American Accounting Methods
D. All of the Above
Answers
Answer:
accrual accounting method
Answer:A. Generally Accepted Accounting Principles. I hope this helps
Explanation:
The correct answer is A. Generally Accepted Accounting Principles, as this is a widely recognized set of accounting rules and standards that are used in the United States. B and C are not commonly recognized accounting methods.
Match the tasks with the professionals who would complete them.
Answers
Videographer: use editing softwares, discuss filming techniques
Network administrator: train users how to use the system, determine ways to make the system more effective
Hope this helps!
Answer:
Explanation:
1,3 and 2,4 and 5,6 and thats it
Gina and Henry were having breakfast when they decided they wanted to have pizza and watch a movie that night. When she got home from work, Gina turned on her computer, logged on to the Netflix site, and chose the movie Moneyball to view via online video streaming. Next she logged on to her favorite pizza restaurant's Web site and ordered a large pepperoni pizza and a bottle of soda to be delivered at 6:45 p.m. Gina and Henry enjoyed their evening. Which trend that influenced the development of services marketing is illustrated here
Answers
The trend that was vital in influencing the development of services marketing in this case is "the growth in the use of the technology based services".
Technology based services are useful in communication and the increase in the interactions between customers and businesses.In this case, technology based services such as computer, emails, website, video streaming, website etc are used for their communication and interactions.In conclusion, technology based services are essential in the way that people relate to each other.
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