A management process in which people from different parts of an organization tend to share information throughout the development of a product is called collaboration.
Management is regarded as a process in order to achieve organizational goals. This process is a set of activities which are ongoing and interrelated in an organization.
Collaboration tends to improve the way your team works together and solves the problem. Thus, this leads to more innovation, increased success, improved communication, and efficient processes.
Hence, in such collaborative management environment, a team of supervisors or managers tend to work together to ensure the success of an organization.
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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: During November, the following activity was recorded relative to production of Fludex: (i) Materials purchased, 12,000 ounces at a cost of 225,000 . (ii) There was no beginning inventory of materials; however, at the end of the month, 2,500 ounces of material remained in ending inventory. (iii) The company employs 35 lab technicians to work on the production of Fludex. During November, they worked an average of 160 hours at an average rate of 12 per hour. (iv) Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled 18,200. (v) During November, 3,750 good units of Fludex were produced. The company's management is anxious to determine the efficiency of Fludex production activities.
(c) Compute the variable overhead rate and efficiency variances. What relation can you see between this efficiency variance and the labor efficiency variance?
Actual Quantity in Material Quantity Variance = 12000 - 2500 = 9500 you can see between this efficiency variance and the labor efficiency variance.
Labor efficiency means the quality and quantity of goods and services that can be produced under given conditions in a given time. Therefore, we can define work efficiency as meaning the ability to make work productive. -
The labor efficiency rate always shows when the company needs to make decisions to make or keep a profit. The minimum profitability target to strive for is 10% of pre-tax earnings. If your company isn't making a pre-tax profit of at least 10%, you might think your industry is an exception.
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With the recent Occupy Wall Street Movement, the people of the United States keep hearing about the top 1 percent. How much of the wealth in the United States rests in the hands of the wealthiest top 1 percent of people
The top 1 percent of the wealthiest people in the United States hold a significant portion of the country's wealth. According to data from the Federal Reserve, as of 2020, the top 1 percent owns around 30 percent of the total wealth in the United States.
This means that a relatively small fraction of the population possesses a substantial amount of the nation's financial resources.
The distribution of wealth in the United States has been a topic of discussion and debate for many years, particularly in light of the Occupy Wall Street Movement. This movement brought attention to the concentration of wealth in the hands of a few and called for economic equality. The term "top 1 percent" refers to the wealthiest individuals who possess a significant portion of the country's wealth.
According to data from the Federal Reserve, as of 2020, the top 1 percent owns around 30 percent of the total wealth in the United States. This means that a relatively small fraction of the population controls a substantial amount of the nation's financial resources.
This concentration of wealth in the hands of a few can have significant implications for income inequality and social mobility. It can lead to a lack of economic opportunities for the majority of the population and widen the gap between the rich and the poor. The Occupy Wall Street Movement aimed to bring attention to these issues and advocate for a fairer distribution of wealth.
The top 1 percent of the wealthiest individuals in the United States control around 30 percent of the nation's wealth. This statistic highlights the significant concentration of financial resources in the hands of a relatively small fraction of the population.
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TB Problem Qu. 8-231 Brockney Inc. bases its manufacturing ... Brockney Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.80 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $96,570 per month, which includes depreciation of $19,860. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget indicates that 8,700 direct labor- hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July 2. Determine the predetermined overhead rate for July (Round your answer to 2 decimal places.) 1. Cash disbursements for manufacturing overhead 2. Predetermined overhead rate
1. Cash disbursements for manufacturing overhead for JulyThe variable overhead rate is $1.80 per direct labor-hour. The budgeted direct labor-hours for July is 8,700 hours.Variable Manufacturing Overhead Costs for July: $1.80 per direct labor-hour × 8,700 direct labor-hours = $15,660Fixed Manufacturing Overhead Costs for July: $96,570 (Given)Less Depreciation for July: $19,860 (Given)Variable Manufacturing Overhead Costs: $15,660Total Cash Disbursements for Manufacturing Overhead for July: $92,3702. Predetermined overhead rate for JulyThe predetermined overhead rate for July is calculated as follows:Predetermined overhead rate = Budgeted Manufacturing Overhead Costs / Budgeted Direct Labor-hoursBudgeted Manufacturing Overhead Costs = Fixed Manufacturing Overhead Costs + Variable Manufacturing Overhead CostsBudgeted Manufacturing Overhead Costs = $96,570 + $15,660 = $112,230Predetermined overhead rate = $112,230 / 8,700 direct labor-hoursPredetermined overhead rate for July: $12.89 (rounded to 2 decimal places)Therefore, the cash disbursements for manufacturing overhead for July are $92,370 and the predetermined overhead rate for July is $12.89 (rounded to 2 decimal places).
the value of a product relative to its weight and volume is called its ________.
Answer:
Value Density
Explanation:
Which of the following are clichés?
Answer:
2nd scentence
Explanation:
Difference between business and trade
Answer:
business is the entire enterprise of making, selling, and controlling the production of goods, while trade, a narrower activity, involves only the buying and selling of goods. Trade is a part of business, but business is not the same as trade. ... Trade usually refers to imports and exports.
Banks that are not members of the Federal Reserve system are subject to
federal regulations.
A. True
B. False
Answer:
A.True
Explanation:
Hope this help ^^
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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A food manufacturing company that manufactures processed foods is trying to increase sales of its products by making them available in all general and convenience stores rather than just in supermarkets and large department stores. What type of utility is the company trying to create in this case?.
The form of utility is the enterprise trying to create in this situation: Place utility.
Software offerings encompass telecommunications, electric utilities, natural fuel, positive transportation services, and also water and wastewater treatment offerings furnished by means of private groups. There are four primary concepts that fall under this umbrella, such as shape application, time application, area software, and possession application.
Utility Definition – it is a measure of pleasure a character receives from the intake of commodities. In different phrases, it is a size of usefulness that a patron obtains from any suitable. Software is a degree of the way tons one enjoys a movie, favorite meals, or other items. As a topic of economics, the software is used to model really worth or fee. Its usage has developed drastically through the years. The time period changed into delivered to start with a degree of satisfaction or happiness as part of the principle of utilitarianism with the aid of moral philosophers such as Jeremy Bentham and John Stuart Mill.
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what is the differences and similarities between rental goods services and non goods services
Answer and Explanation:
Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.
Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
you're the proprietor of a small candy shop and want to learn about customers' journeys from ad engagement to in-store visit. which metric should you use?
If You’re the proprietor of a small candy shop and want to learn about customers’ journeys from ad engagement to in-store visit. you should use Local Actions .
The procedure by which a customer interacts with a business in order to achieve a goal is known as the customer journey. There are typically numerous and diverse steps in between, from becoming aware of a brand through social media to receiving an email following a successful transaction. It is not something that your internal perspective can assume or predict. Your customers' physical experiences are very specific to a customer journey. The customer journey appears straightforward. Customers purchase a product or service offered by businesses. Actually, the journey is more complicated than that. According to Salesforce, 80% of customers value a company's customer service experience just as much as its products. The buyer's journey begins when a customer is introduced to a product and continues until they make a purchase. Customers may view advertisements, attempt to check out, or speak with a representative from customer service during this journey. These are points along the way that have an impact on their actions. A company can plan and prepare to move customers toward a sale by comprehending the process and its effects on customer interactions.
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the+first+unit+produced+in+a+plant+took+about+10+hours.+if+the+learning+curve+is+95%,+the+time+required+to+produce+the+8th+unit+may+be+estimated+to+be+________.+
The time required to produce the 8th unit can be estimated using the learning curve concept. The learning curve assumes that as workers become more experienced and efficient, the time required to complete a task decreases at a certain rate.
In this case, the learning curve is stated as 95%.
The learning curve formula is:
Time for nth unit = Time for the first unit * (n^log(learning curve rate))
Let's calculate the estimated time for the 8th unit:
\(Time for 8th unit = 10 hours * (8^log(0.95))\)
Calculating the above expression, the estimated time for the 8th unit would be approximately 5.97 hours (rounded to two decimal places).
Please note that this estimation assumes that the learning curve holds true and that there are no other factors affecting production time.
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which of the following is true regarding the euro? (lo 5.2) group of answer choices all of these are true. exchange rate risk between participating european currencies is completely eliminated, encouraging more trade and capital flows across european borders.
It allows for more consistent economic conditions across countries.
In my Point of View all of the above are true. Exchange rate risk between participating Euorpean currencies is completely eliminated and it encourages more trade and capital flows across European borders. It allows for more consistent economic conditions across countries. It prevents each country from conducting its own monetary policy.
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Which of the following investments would give the owner voting rights for a corporation's board of directors?
corporate bonds
common stock
both common stock and corporate bonds
Common stock is the investment that would give the owner voting rights for a corporation's board of directors. A corporation's board of directors is the governing body that oversees the company's operation. They are responsible for directing management and making strategic decisions that affect the company's future.
Common stockholders own a portion of the company, and they have voting rights to elect the board of directors. This means they can influence how the company is run. The number of votes a common stockholder gets depends on the number of shares they own.
For instance, if a company has 100,000 shares of common stock outstanding, and a stockholder owns 1,000 shares, they get 1% of the vote. Investors in corporate bonds do not have voting rights, as bonds are a debt instrument. They lend money to a company, and the company pays them back with interest over a specific period.
Bondholders are entitled to receive their principal amount, but they cannot vote in board of director elections.
Therefore, both common stock and corporate bonds do not offer voting rights. Common stock is the investment that would give the owner voting rights for a corporation's board of directors.
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The concession stand at the local high school sells pretzels and lemonade. The total cost of two pretzels and a lemonade is $5. 75. The total cost of two lemonades is $0. 25 more than the cost of a pretzel. What is the cost of a pretzel? $1. 25 $2. 00 $2. 25 $2. 75.
The cost of a pretzel at the local high school concession stand is $2.25.
The cost of a pretzel at the local high school concession stand can be determined using the given information. The total cost of two pretzels and lemonade is $5.75, while the total cost of two lemonades is $0.25 more than the cost of a pretzel. By solving the equations, it is possible to find the cost of a pretzel.
Let's assume the cost of a pretzel is x dollars. According to the given information, the total cost of two pretzels and lemonade is $5.75. This can be represented as 2x + 1.25 = 5.75 (since the total cost of two lemonades is $0.25 more than the cost of a pretzel). Simplifying the equation, we get 2x = 5.75 - 1.25, which is equal to 4.50. Dividing both sides of the equation by 2, we find that x, the cost of a pretzel, is 2.25.
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________________ is assessing the prospects' needs, their buying power, and receptivity towards the companies' products.
Market segmentation is assessing the prospects' needs, their buying power, and receptivity towards the companies' products.
Step 1: Identify and define the target market.
Start by analyzing the target audience based on factors such as demographics, psychographics, and geographic location. This will help create a clear picture of the customers the company wants to reach.
Step 2: Determine the prospects' needs and preferences.
Understanding the specific needs, preferences, and pain points of potential customers is crucial. This information allows companies to tailor their products and marketing messages to resonate with the target audience.
Step 3: Assess the buying power of the target market.
Evaluating the prospects' purchasing power enables companies to price their products appropriately and choose suitable distribution channels to reach their audience.
Step 4: Gauge receptivity towards the company's products.
Analyze the target market's attitude towards the company's products, including their level of interest and potential objections. This information helps businesses develop strategies to overcome challenges and improve the appeal of their offerings.
By conducting market segmentation, businesses can focus their resources on reaching the most relevant and profitable customer segments, resulting in increased sales, improved customer satisfaction, and enhanced brand loyalty.
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A designer reaches the final stage of building value propositions. They review their official value proposition list. Using this list, how can they make sure their product stands out from the competition?
Identify their product's unique value proposition and remove value proposition that are offered by competitors are the way they can do to make sure their product stands out from the competition.
What is a value propositionThe value proposition is a company's unique selling point that explains to potential customers why they should do business with the organization.
In most cases, a value proposition offers a clear distinction between an organization and its competitors to help customers see why they should work with one company over another.
Companies use value propositions in a number of ways. They are used internally to help various departments in a business align their tasks and goals, and they are used externally as a marketing and advertising tool to help convince customers to make a purchase.
The value proposition itself is very concise and usually only a sentence or two long and can be used for both internal and external content.
What makes a good value propositionA good value proposition can take many forms. Some are complete sentences, while others are a series of short bullet points.
Regardless of format, excellent value propositions tend to have certain characteristics:
Be concise: Ideally, the value proposition is short and concise enough for your customers to remember and remember. Digestible: The main idea of the value proposition should be immediately clear to the reader. Definitive: The value proposition must definitively state the unique value your company offers to customers. Explanation: An excellent value proposition should provide a clear explanation of why your company is better than the competition. Accessible: Customers and internal stakeholders should have easy access to your value proposition, usually via your company's website. Measurable: Some value propositions offer measurable statistics to better demonstrate how much better their product is than their competitorsLearn more about value propositions at https://brainly.com/question/3130122.
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organizations that empower employees often reward them based on the results shown in the company's bottom line.
Organizations that empower employees often reward them based on the results shown in the company's bottom line. The bottom line refers to a company's net income, net earnings, or earnings per share (EPS).
These are important financial metrics used to measure a company's profitability, which is essential for the company's success. Rewards are provided to employees for their hard work and dedication to the company, as well as for achieving specific targets that help the company grow. These rewards can include bonuses, salary increases, promotions, additional benefits, and recognition.
Organizations that empower their employees understand the value of providing them with opportunities to learn, grow, and take risks. They foster a culture of innovation and continuous improvement, which leads to increased productivity, greater job satisfaction, and better employee retention. In addition, empowered employees are more likely to identify problems and come up with innovative solutions that benefit the company's bottom line.
In conclusion, empowering employees has many benefits, including increased productivity, greater job satisfaction, and better employee retention. Organizations that empower their employees often reward them based on the results shown in the company's bottom line, which is essential for the company's success.
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Samira is a freshman basketball player who hopes to go to college on a basketball scholarship. She is offered the chance to play on her school’s varsity basketball team, which plays in tournaments during holiday breaks. Samira usually spends her breaks working at the local hardware store. After careful consideration, Samira decides to stay on the freshman basketball team and keep working over breaks.
The fact that Samira may miss out on a scholarship opportunity by staying on the freshman team illustrates
a cause.
minor consequences.
a tradeoff.
unexpected risk.
Answer:
a tradeoff.
Explanation:
Because wants are unlimited and the resources available to satisfy these wants are limited, economic agents must undergo tradeoff
Tradeoff is the opportunity cost of taking a particular decision
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
Samira's opportunity cost is missing out of the scholarship opportunity
to help in making tradeoff, the scale of preference should be constructed. the scale of preference orders the choices available to an economic agent in terms of importance
Answer:
a tradeoff.
Explanation:
at the beginning of the quarter, mohammed sat down with his manager and set three goals for the next 3 months. the achievement of each goal will depend on mohammed. no one else in his work group can affect the work toward the goal. which advantage of individual incentives does this illustrate? group of answer choices
Mohammed sat down with his manager at the start of the quarter and set three goals for the next three months. Each goal's achievement will be determined by Mohammed. No one else in his work group can influence the progress of the project. Individual incentives are used to promote the link between performance and results.
Personal incentives are what they sound like.Individual incentives are dependent on the performance of the individual. This type of incentive is commonly used to retain high performers. This incentive strategy aids in ensuring that employee pay is commensurate with their accomplishments.
Individual incentives: What role do they play in employee motivation?Employee incentive programs aim to attract, engage, and retain qualified workers. Incentives are rewards and bonuses used to encourage great behavior in your staff. They can take many forms, including tuition reimbursement, more vacation time, and greater flexibility in work arrangements.
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Deflation is a period where supply for most products is less than demand.
O a. True
O b. False
I'll give 20 points if you just answer this riddle: You see a boat filled with people. It has not sunk, but when you look again you don’t see a single person on the boat. Why?
Nice doing "business" with ya!
Answer:
Everyone on the boat is married.
Explanation:
Providing Feedback This morning, one of you team members gave a presentation to the business unit about the new system. The material was well organized; he spoke clearly and handled questions with confidence. However, the presentation took nearly twice as long as it was scheduled for, and you noticed some of the audience glancing at the clock. You are planning to give feedback to the team member. WHAT Feedback would you give (HW: 4loops):
A.OBSERVATION: Betto, I noticed…
B.IMPACT: Betto, that will result in…
C.REQUEST: Betto, I’d like to ask that you…
D.AGREEMENT: Betto, do you agree that if you did x/y/z…
A. OBSERVATION: Betto, I noticed that the presentation took nearly twice as long as scheduled, and some audience members were glancing at the clock.
B. IMPACT: Betto, this will result in audience disengagement and potential loss of interest in the topic.
C. REQUEST: Betto, I'd like to ask that you work on improving the time management aspect of your presentations to ensure they fit within the allocated timeframe.D. AGREEMENT: Betto, do you agree that if you can streamline your presentation and adhere to the scheduled time, it will help maintain audience attention and make your delivery more effective?
When providing feedback to Betto, it's important to structure it in a constructive and collaborative manner. The feedback should address the observation, explain the impact, suggest improvements, and seek agreement on the suggested actions.
A. OBSERVATION: Start by stating the observation, acknowledging the positive aspects of the presentation, and then highlighting the specific issue noticed, which is the duration exceeding the allotted time.
B. IMPACT: Explain the impact of the observed issue. In this case, emphasize that a longer presentation can lead to audience disengagement and loss of interest. This helps Betto understand the importance of addressing the concern.
C. REQUEST: Clearly state the requested improvement. In this case, it is to work on time management during presentations and ensure they fit within the allocated timeframe. By making this request, you are providing a specific area for Betto to focus on and improve.
D. AGREEMENT: Seek agreement from Betto on the suggested actions. By asking if Betto agrees that streamlining the presentation and adhering to the scheduled time will be beneficial, you are encouraging open communication and collaborative problem-solving.
Overall, this feedback approach acknowledges the positive aspects of the presentation, addresses the specific issue observed, explains the impact, suggests improvements, and seeks agreement on the proposed actions. This helps foster a constructive feedback conversation and encourages Betto to make the necessary improvements for future presentations.
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At what age can you start working?
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Which of the following situations would be the most appropriate to use a slide presentation?
A. A new employee is asked to introduce himself to the company with a five minute talk about his background.
B. You and your design team are asked to draft a report for the board of directors on areas where the business is weak.
C. Ben has to present his findings on sales revenue to his management team.
D. Nandira, your new boss, asks you for a 10 minute meeting to give her an update on a project.
WHO IS THE QUEEN OF RAP.
Answer:
Nicki Minaj
Explanation:
i think
Answer: Nicki Minaj
Explanation: i dont need to explain
Maurice is always on time to meetings and other company events. He has never missed a project deadline, and he is usually the first person people call when they
need help. Which attribute is Maurice displaying?
O Reliability
O Communication
O Problem solving
Teamwork
Answer:
Reliability, because if he is the one everyone calls in need of help than it would be considered reliable.
Answer:
A. Reliability
Explanation:
Its this answer because he is always on time to his meeting so his boos can rely on him. He has never missed a deadline so his clients can rely on him etc.
According to Michael Porter, businesses can compete successfully by doing which of the following? A. being the cheapest producer B. making unique products valued by consumers C. applying their expertise in a narrow market segment to meet that segment’s particular product or service needs D. any of these
Answer:
D. any of these
Explanation:
Competitive strategy means intentionally selecting a distinct set of tasks to produce a compelling value proposition. Michael Porter focused on the topic of international competition. He consulted international governments on their economic strategies and led the U.S. Presidential Commission. Porter's strategies explain how a business upholds competitive advantages across the whole concerned market context.