When a company is good at performing a particular internal activity, it is said to have: select one: a. a competitive advantage b. a competence c. a resource-based strategy d. benchmark

Answers

Answer 1

When a company is good at performing a particular internal activity, it is said to have a competence.

Competence refers to the ability of a company to perform a specific activity or task in a superior way compared to its competitors. It can contribute to a company's competitive advantage if it enables the company to differentiate itself from competitors or to offer products or services at a lower cost. Resource-based strategy involves leveraging a company's unique resources and capabilities to achieve a sustained competitive advantage. Benchmarking refers to the process of comparing a company's performance to industry standards or best practices to identify areas for improvement.

Competence is a key component of a company's overall strategy. It refers to the knowledge, skills, and abilities that enable a company to perform a specific task or function in a superior way compared to its competitors. Competence can be built through investments in training, development, and research and development (R&D), as well as by cultivating a culture of continuous improvement.

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Related Questions

The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.

The young men below are in colloquial language, getting their hustle on! Explain how their business is

Answers

These businesses are typically not registered with the government, and they do not have an official structure.

The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.

In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.

They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.

Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.

Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.

Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.

Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.

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Mathematics You are a delivery man ager at Blue Bag, a wholesale bakery. The bakery employs two drivers and owns two trucks. Each truck can deliver up to 175 crates of bread per day. The bakery has standing orders for 340 crates a day, but a new supermarket is opening up, and you expect orders to increase 225%. If you hire two more drivers, you can run two shifts. Will it be enough? Write a paragraph explaining how you found your answer.

Answers

So, if you hire two more drivers, you can run two shifts and so this will be enough.

Here, we take into account that each truck has a maximum capacity of 175 boxes of bread and that the bakery has 2 trucks. So, in order to find the maximum order capacity, multiply the number of boxes of bread by the number of trucks:

175 × 2 = 350

So, if you hire two more drivers, then you can run two shifts and so this will be enough in order to deliver the orders on time. As, after hiring there will be more people who can work to deliver.

Hence, after hiring two more drivers, you can run two shifts, which will be enough.

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What is not the best speed control option to use when approaching a stale green traffic light? a. maintain speed b. apply brake c. cover brake d. decelerate​

Answers

Answer:

c

Explanation:

A stale green light is light that is about to turn yellow because it has been green for a while

Cover brake involves taking ones foot off the accelerator and hovering it over the brake pedal.

Cover brake is necessary when there is a stale green light in case there is a need to stop suddenly or reduce speed

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Answers

Answer:

D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.

Explanation:

The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.

The services rendered increases the revenue to Dr. Peabody.  Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.

Which of the following is true of small business owners?
A. the work business owners do requires little physical stamina.
B. the business owner starts with a business plan.
C. the business owner need to know little about management and finance. D. it's easy for most business owners to find a marketable idea.

Answers

Answer:

B

Explanation:

I mean, hopefully, they made a business plan lol. If you don't plan out your business right, you'll have a hard time making it become successful without a good plan.

fill the blank! consider a​ goodness-of-fit test with a computed value of ​chi-square27.385 and a critical value​13.388, the appropriate decision would be to​ __________.

Answers

Because the computed chi-square value (27.385) exceeds the crucial threshold (13.388), which shows that the observed data significantly deviates from the predicted distribution, it would be fair to reject the null hypothesis.

A statistical test known as the goodness-of-fit is used to examine if a collection of actual data matches a specific theoretical distribution. A chi-square statistic is computed throughout the test to compare the observed and predicted frequencies. If the calculated chi-square value is higher than the threshold value for a certain level of significance, the observed data significantly deviates from the predicted distribution. The null hypothesis should be rejected in this case because the estimated chi-square value of 27.385 is higher than the crucial value of 13.388, which is the threshold value. This suggests that additional variables could be at work as the observed data do not match the predicted distribution.

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can regional level employment be converted into national level
employment? Why? Why not ?​

Answers

Answer:

The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment.

Explanation:

plz mark me as brilliant plz

If you 2,000,000,000 dollars what would you do with all that money

Answers

Answer:

put about 500,000,000 in stocks ,and 200,000,000 in bitcoin. Than start my own business save 1,100,000,000 in a bank or store it somewhere no one else can find it and than buy a beach side home and classic mustang cuz why not im rich

Explanation:

cuz I can

When Pat was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. Which part of the sales presentation is demonstrated in this example

Answers

Answer:

overcoming reservations

Explanation:

From the question we are informed about Pat who was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. The part of the sales presentation demonstrated in this case is an example of overcoming reservations.

Sales presentation can be regarded as sales pitch and it's a selling technique which can be explained as line of talk which is an attempts of persuading someone or something, using a planned sales presentation strategy of particular product/service which is been designed to initiate as well as close a sale of that particular product or service, example of this is overcoming reservations which is a method of persuading customers.

an example of a personal skill is

Answers

Answer:

Well, Personal skills refer to the inner abilities.  Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.

Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?

Answers

When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies

What are the different types of pricing strategies?

There are 4 types of pricing strategies as follows :

Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.

In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.

Thus,

Pricing strategies information should be considered before introducing any changes in the price of the product.

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Question 20 lg pts Holding all else constant, while government is borrowing to cover budget deficits, the crowding out concept suggests that interest rates__borrowing and spending by business and households. o rise and encourage o fall and encourage o fall and discourage o rise and discourage

Answers

Holding all else constant, while government is borrowing to cover budget deficits, the crowding out concept suggests that interest ratesrise and discourage borrowing and spending by business and households Therefore the correct option is D.

When the government borrows money, it increases the demand for credit, which causes interest rates to rise.

As interest rates rise, borrowing becomes more expensive, which discourages private sector investment and spending. This results in a reduction in the overall level of economic activity, which is known as crowding out.

Hence the correct option is D

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Scott and Tatiana just purchased a piece of land and a tractor. They plan to start growing and selling organic eggplant.
1. They have heard that the market for organic eggplant is perfectly competitive. What does that mean in terms of long-run profit?
a) Firms will earn positive economic profits in the long-run.
b) Firms will earn negative economic profits in the long-run.
c) Firms will earn zero economic profit in the long-run.
d) Firms will earn zero accounting profit in the long-run.

Answers

c) Firms will earn zero economic profit in the long-run. In a market with perfect competition, businesses won't ever experience economic profit.

This means that while firms may earn accounting profits, their economic profits (which include the opportunity cost of resources) will be zero. The market forces of competition drive prices down to the point where firms can only cover their costs and earn a normal rate of return on their investment.

In a perfectly competitive market, there are several characteristics that contribute to the long-run equilibrium of zero economic profit

Many Competing Firms: There are a large number of firms operating in the market, each producing a small fraction of the total output. This prevents any individual firm from having significant market power to control prices.

Homogeneous Products: The products offered by each firm in the market are identical or very similar in nature. Consumers perceive no meaningful differences between the products of different firms, leading to a high degree of substitutability.

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How do you make decisions?

Answers

Answer:

Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:

Identify the decision to be made: Start by clearly defining the problem or situation you're facing.

Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.

A group of investors is planning to open a new theme park. What supporting documents should be included?

Answers

An investment group wants to launch a brand-new theme park. The supporting papers that need to be submitted are the business plans.

This is further explained below.

What is a business plan?

Generally, A number of business people are making preparations to launch a brand-new amusement park. It is important to include all of the relevant supporting papers in a business strategy.

In conclusion, A company's aims and the methods by which it intends to attain those goals are laid out in great detail in the document known as the business plan.

A written road map for the company, including its marketing, financial, and operational strategies, is presented in the form of a business plan. Business plans are useful for both newly founded businesses and more established ones.

An executive summary, sections on the goods and services, marketing strategy and analysis, financial planning, and a budget should all be included in a good business plan.

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Huehn-Brown Products in St. Petersburg offers the following discount schedule for its 4-by-8-foot sheets of quality plywood.
Unit Cost Order 9 sheets or less $21.00 10 to 50 sheets $20.50 More than 50 sheets $20.25
Home Sweet Home Company orders plywood from Huehn-Brown. Home Sweet Home has an ordering cost of $55. Carrying cost is 21%, and annual demand is 105 sheets. What do you recommend? The best strategy is to order sheets, at a total cost of $ (round your responses to the nearest whole number).

Answers

The best strategy is to order 22 sheets, at a total cost of $476.

To determine the best ordering strategy for Home Sweet Home Company, we need to calculate the total cost for each discount level and choose the one with the lowest cost.

For orders of 9 sheets or less, the cost per sheet is $21.00, so the total cost would be:
$21.00 x 105 = $2,205

For orders of 10 to 50 sheets, the cost per sheet is $20.50, so the total cost would be:
$20.50 x 105 = $2,152.50

For orders of more than 50 sheets, the cost per sheet is $20.25, so the total cost would be:
$20.25 x 105 = $2,126.25

To determine the optimal order size, we need to calculate the economic order quantity (EOQ). The EOQ formula is:

EOQ = sqrt((2DS) / H)

Where D is the annual demand, S is the ordering cost, and H is the carrying cost as a percentage of the unit cost.

Plugging in the numbers, we get:
EOQ = sqrt((2 x 105 x $55) / 0.21 x $20.25) = 22.28

Since the EOQ is between 10 and 50 sheets, the optimal order size for Home Sweet Home Company is 22 sheets. The total cost for this order is:
$20.50 x 22 + $55 = $476

Therefore, the best strategy is to order 22 sheets, at a total cost of $476.

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describe a time when you gave a coworker or customer the wrong information and then learned you made a mistake

Answers

• Briefly explain what was the mistake, but don’t dwell on it.

• Quickly switch over to what you learned or how you improved, after making that mistake.

• You might also explain the steps you took to make sure that the mistake never happened again.

What is wrong information?

Inaccurate or deceptive information is called misinformation. It is distinct misinformation, which is wilfully false information. Rumors are inaccurate and frequently unverified information that cannot be shown to be true or incorrect. They are information that is not assigned to a specific source. Errors or deliberate distortion can lead to the dissemination of incorrect information. Computer or other mechanical equipment that has been improperly programmed or utilized may produce errors. They could be brought by inadequate research or a lack of knowledge. It is possible for wrong information to be presented in a way that creates a false impression. This may be purposely deceptive or inaccurate owing to a mistake or because it has no relation to the context. Propaganda or indoctrination are two examples of intentionally wrong information.

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What is moral myopia? Why do you think an advertising professional might experience this phenomenon?

Answers

Answer: See Explanation

Explanation:

Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.

An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.

Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as

Answers

Answer: accruing unpaid expenses

Explanation:

Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?

Answers

Answer:

i would say that his prices were a little high and ask for 20% off if he cant give that off then i would just say okay. why? because that's the plight thing to do.

Explanation:

hope this help.

brainiest please

Answer:

I hope this helps :)

Explanation:

Well I feel like I would purchase the meat based on quality. Of course it's going to cost me more, but you can't go wrong with better product. If the other places are selling meat for less, but the quality is bad what's the point. I definatly would choose quality over quanity when it comes to the purchase of meat.

1) State with reasons, the method you would adopt to price materials into production.
i.)in a period of rapidly increasing prices of the material,
ii). in a period of rapidly reducing prices of the material.​

Answers

The method you would adopt to price materials into production:

i) In a period of rapidly increasing prices of the material is price penetration

ii). in a period of rapidly reducing prices of the material is price skimming

What is pricing methods?

Pricing Methods are the ways in which the price of goods and services are determined. It is computed from all factors such as the resources and materials used for production.

In a period of rapidly increasing prices of the material you maintain a low price because of competitive market and then raise the price later. It called penetration price

In a period of rapidly reducing prices of the material use price skimming where you maintain your high price of selling and lower it as the market evolves.

Therefore, different pricing strategy works for different period and market season.

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"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.

Answers

Answer:

entrepreneurship for them and

An adjusting entry to record an accrued expense involves a debit to a(an):____.
a. expense account and a credit to Cash.
b. expense account and a credit to a prepaid account.
c. liability account and a credit to an expense account.
d. expense account and a credit to a liability account.

Answers

An adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.

What is accrued expense?

Accrued expense can be defined as the expense amount that has not been paid for which is why accrued expense is refer to as a  liability under account payable.

The appropriate adjusting journal entry to record accrued expense is:

Debit Liability account

Credit Expense

(To record accrued expense)

Inconclusion an adjusting entry to record an accrued expense involves a debit to a(an): c . liability account and a credit to an expense account.

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Explain what it means to diversify across investments ?

Answers

Answer:

true

Explanation:

diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event

Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means

Answers

Answer:

The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area

Explanation:

The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.

What is the proper balance between dealing with negative externalities through government regulation or through torts?

Answers

Answer:

Government regulation is the best way to deal with negative externalities

Explanation:

An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .

A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on  third parties. that way the cost of production of such goods and service will discourage its production

in the fulfillment process, the primary documents created or used during activities performed in the warehouse are . question 6 options: a) picking lists and packing lists b) sales quotations and sales orders c) invoices and packing lists d) sales orders and picking lists

Answers

During fulfillment-process, primary documents which are created/used during activities performed in warehouse are : (a) picking lists and packing lists.

The "Picking-Lists" provide details about items and quantities to be picked from warehouse shelves to fulfill specific orders. They help warehouse staff locate the items efficiently.

The "Packing-Lists", outline the items included in a shipment and are used to verify that the correct items are packed for shipping. Both picking lists and packing lists are crucial in ensuring accurate order fulfillment and smooth warehouse operations.

They help maintain inventory accuracy, minimize errors, and ensure that customers receive the correct products in timely manner.

Therefore, the correct option is (a).

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The given question is incomplete, the complete question is

In the fulfillment process, the primary documents created or used during activities performed in the warehouse are

(a) picking lists and packing lists

(b) sales quotations and sales orders

(c) invoices and packing lists

(d) sales orders and picking lists

What has happened to China’s GPD since it began to reform its economy?

Answers

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system  basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

You are a marketing research consultant hired to organize focus groups for an innovative german-style fast food restaurant. What kind of people would you elect to participate in focus groups? What screening criteria would you use? What questions would you ask?

Answers

Explanation:

A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.

To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.

The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.

The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.

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