The capitalization rate (ke) before announcing the new business is 10%. The average return on investments made by the company before the announcement is 4%. The market estimate of the Net Present Value (NPV) of the new business is $200.
a) To calculate the capitalization rate (ke) before announcing the new business, we can use the price-to-earnings (P/E) ratio. The P/E ratio is calculated by dividing the market price per share by the earnings per share (EPS). In this case, the share price is $1,000 and the EPS is $100 (given that the company had a profit of $100). Therefore, the P/E ratio is 10 ($1,000 / $100). The capitalization rate (ke) is the inverse of the P/E ratio, so ke = 1 / 10 = 0.1 or 10%.
b) The average return on investments made by the company before the announcement can be calculated using the dividend payout ratio and the capitalization rate (ke). The dividend payout ratio is 60%, so the retained earnings ratio is 40%. The average return on investments is then calculated as ke times the retained earnings ratio: 10% * 40% = 4%.
c) The market estimate of the Net Present Value (NPV) of the new business can be derived from the increase in the share price. The share price increased from $1,000 to $1,200, indicating that the market valued the new business opportunity at $200 per share.
d) The market estimate of the dividend that the company will pay next year can be calculated using the new dividend policy of 30% of profits forever. If we assume that profits next year will be the same as this year ($100), then the dividend will be 30% of $100, which is $30.
e) The market estimate of the average return on ALL investments (including post-announcement new investments) after the announcement can be calculated using the new share price of $1,200 and the new dividend of $30. The average return on investments is then calculated as the dividend divided by the share price: $30 / $1,200 = 2.5%.
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Identify the kind of selecting and advertising merchandise involved in the scenario.
Cart works in the apparels division of a departmental store. His job is to ensure that the apparels are selected as per the tastes of the customers.
He also has to factor in things like the weather, the age groups that the store caters to, and the changing styles in the market.
Carl in involved in the ______ .
Carl is involved in retail merchandising in this scenario.
What is Retail merchandising?Retail merchandising refer to the various methods and techniques
companies make their goods and services available in their outlets or
stores.This is done to ensure that they make increased sales and profit.
The stores are usually arranged into several divisions and he helps to assist
customers make their choices depending on various factors such as:
WeatherAge groups Styles etcRead more about Retail merchandising here https://brainly.com/question/7145120
Answer:
retail merchandising
Explanation:
What are the differences between flexibility and compromise
Answer:
Flexibility mean you're more flexible about doing something. For example you could have flexible working hours which would mean you can work alot of the time like you can bend easily around when you work and compromise means you're wiling to meet in the middle so an agreement made that makes everyone happy.
write a sample audit question from the following process
criteria purchasing process (procedure 3.2) states: "all purchases
must be made from an approved supplier"
1. Is there a list of approved suppliers available for reference during the purchasing process?
2. Have any purchases been made from a non-approved supplier? If so, what was the justification for doing so?
3. Is there a process in place for updating the list of approved suppliers?
4. Are there formal reviews for assessing supplier performance?
The minimum age for a New York real estate broker's license is
a. 19.
b. 18.
c. 20.
d. 21.
The minimum age for a New York real estate broker's license is 20. Option c is correct.
To become a real estate broker in New York, an individual must first complete a certain amount of education and experience as a licensed salesperson. This includes completing 120 hours of approved coursework and working as a licensed salesperson for at least two years. Once these requirements have been met, the individual can then apply to take the New York State Real Estate Broker's Exam.
In addition to passing the exam, the individual must also be at least 20 years old and of good moral character. The process of becoming a real estate broker can be challenging, but it can also be rewarding. As a broker, an individual has the ability to start their own real estate company, hire and manage other agents, and earn higher commissions on real estate transactions.
Thus, option c is correct.
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The fundmanetal philopshy behind _____ is to reduce investment in promotion and transfer part of the savings to lower price
The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.
What is Everyday Low Pricing?Everyday Low Price (EDLP) is a pricing technique employed by merchants that guarantees customers the lowest prices in-store without the need to apply a coupon, wait for a sales event, or take any other steps to obtain an acceptable price on the goods they purchase. There are numerous companies that use an everyday low pricing strategy, including Wal-Mart, Amazon, Procter & Gamble, Winn-Dixie, and Trade Joe's. A survey indicates that 26% of American retailers use EDLP and 74% use high-low promotions.
You can reduce demand swings, prevent sales promotions, and improve your demand forecasting processes by using an everyday low pricing strategy. You can lower the price of your products using a cheap pricing plan to draw in more customers and boost sales.
Hence, The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.
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Can someone pls help me write a cover letter for a resume
where k represents capital equipment and l is labor. your company has already spent a total of $11,000 on the 5 units of capital equipment it owns. due to current economic conditions, the company does not have the flexibility needed to acquire additional equipment. if workers at the firm are paid a competitive wage of $80 and chairs can be sold for $500 each, what is your profit-maximizing level of output and labor usage?
The profit-maximizing level of output is approximately 241 chairs, and the company should use 36.8 units of labor.
To find the profit-maximizing level of output and labor usage, we need to use the production function to determine the marginal product of labor and then use that information to calculate the marginal revenue product of labor.
Assuming the production function is Cobb-Douglas with a capital share of 0.5, we have:
Q =\(K^(0.5)L^(0.5)\)
Taking the derivative with respect to labor gives:
dQ/dL = 0.5\(K^(0.5)L^(-0.5)\)
We can simplify this to:
MP_L = 0.5\((K/L)^(0.5)\)
where MP_L is the marginal product of labor.
Given that the company has already spent $11,000 on capital equipment, we can assume that K = 11,000/5 = $2,200 per unit of capital equipment. So:
MP_L = 0.5\((2,200/L)^(0.5)\)
To find the profit-maximizing level of labor usage, we need to calculate the marginal revenue product of labor, which is given by:
MRP_L = P * MP_L
where P is the price of the product, which is $500 in this case.
MRP_L = 500 * 0.5(2,200/L)^(0.5)
To maximize profits, the company should hire labor up to the point where MRP_L equals the wage rate. So:
80 = 500 * 0.5\((2,200/L)^(0.5)\)
Solving for L gives:
L = 36.8
To find the profit-maximizing level of output, we can substitute L into the production function:
Q =\(K^(0.5)L^(0.5) = (11,000/5)^(0.5) * 36.8^(0.5)\)= 240.8
Therefore, the profit-maximizing level of output is approximately 241 chairs, and the company should use 36.8 units of labor.
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Quintin's supervisor asks him to use predictive modeling in his decision-making process. What would Quintin's task MOST likely include based on this
directive?
O A. the creation of a decision tree
O B.
O C.
O D.
a conversation with his colleagues
an analysis of data charts
a written list of pros and cons
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If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.
What is predictive modeling?Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.
They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.
Therefore choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.
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Through Open Market Operations, how do you raise rates?
To raise interest rates through Open Market Operations (OMO), the central bank sells government securities in the open market. This action reduces the amount of money in circulation and increases the demand for money, leading to higher interest rates.
Open Market Operations refer to the buying and selling of government securities by the central bank in the open market. When the central bank wants to raise interest rates, it conducts OMO by selling government securities to commercial banks, financial institutions, or the public.
When these securities are sold, the buyers pay for them using their reserves, which reduces the amount of money available in the banking system.
As the money supply decreases, the demand for money relative to the reduced supply increases. This increased demand for money leads to a higher price for borrowing, which translates into higher interest rates. Commercial banks, in turn, raise their lending rates to compensate for the increased cost of borrowing from the central bank.
Higher interest rates act as a mechanism to restrict borrowing and spending, which can help control inflation and cool down an overheating economy.
Overall, by selling government securities in the open market, the central bank reduces the money supply, increases the demand for money, and ultimately raises interest rates.
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Aaron jefferies has located a condominium he would like to buy, and he would like the current owners to leave all window coverings in the condo. this condition should be included in the
Aaron Jefferies has found the condo he wants to buy, and he has a specific demand for the current owner to leave all the window coverings in the condo. This condition should be included in 2 documents: the purchase offer and the purchase contract.
What are the purchase offer and the purchase contract?The purchase offer is also known as the Purchase Agreement. This document contains a written proposal as an offer to purchase a property with certain conditions. In this document, the offer has not yet been agreed upon. Meanwhile, the purchase contract/agreement (in some cases also called a real estate contract) is an actual agreement between a seller and a buyer in which the offer has been agreed upon.
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long island city issued $4 million of bonds to fund the construction of a new city office building. the bonds have a stated rate of interest of 5% and were sold at 102. which of the following entries should be made in the capital projects fund to record this event? debit cash $4.02 million; credit bonds payable $4 million and premium on bonds payable $.02 million. debit cash $2.08 million; credit other financing sources - proceeds ($4 million to face value and $20k to bond premium) . debit cash $4.08 million; credit other financing sources - proceeds ($4 million to face value and $80k to bond premium) . debit cash $2.02 million; credit other financing sources - proceeds ( $2 million to face value and $20k to bond premium) .
The entity that should be made in the capital projects fund to record this event is debit the cash $2.02 million; credit the other financing sources $2.02 million.
What is a capital project?A capital project is a lengthy, money-intensive expenditure made to increase, supplement, or improve a capital asset. Compared to other investments that require less planning and resources, capital projects are distinguished by their size and high cost. A major undertaking with a high cost that is capitalized or depreciated is referred to as a capital project. Accelerating growth within a corporation or government may require ongoing capital investments, such as new facilities, buildings, or systems. To boost productivity on the production floor, for instance, a corporation can decide to build a larger warehouse or buy new manufacturing equipment. Because they demand a considerable time and resource commitment from the organization, capital projects must be managed properly. The project takes a calculated risk in the hopes that the capital asset would be profitable.
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loukas is the ceo of a company that makes laundry detergent. even in this very competitive market, loukas acts with ________ to take actions that benefit the interests of society as well as the organization.
Loukas acts with social responsibility to take actions that benefit both the interests of society as well as his organization.
It is only acting with social responsibility that balances the interests of society with the interests of the laundry detergent organization.Social responsibility involves checking the resources organizational resources, dealing with social issues, and tackling social problems.Thus, when Loukas acts with social responsibility, it becomes for him to recruit and retain productive employees and achieve profit motives.
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The December 31, 2018, adjusted trial balance for the Blueboy Cheese Corporation is presented below.
Account Title Debits Credits
Cash 22,700
Accounts receivable 330,000
Prepaid rent 13,000
Inventory 51,000
Office equipment 610,000
Accumulated depreciation—office equipment 254,000
Accounts payable 72,000
Note payable (due in six months) 63,000
Salaries payable 7,500
Interest payable 2,100
Common stock 400,000
Retained earnings 150,000
Sales revenue 750,000
Cost of goods sold 450,000
Salaries expense 112,500
Rent expense 39,000
Depreciation expense 61,000
Interest expense 4,200
Advertising expense 5,200
Totals 1,698,600 1,698,600
Required:
1-a. Prepare an income statement for the year ended December 31, 2018.
1-b. Prepare a classified balance sheet as of December 31, 2018.
2. Prepare the necessary closing entries at December 31, 2018.
Prepare an income statement for the year ended December 31, 2018.
BLUEBOY CHEESE CORPORATION
Income Statement
For the Year Ended December 31, 2018
0
0
0
$0
Prepare a classified balance sheet as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
BLUEBOY CHEESE CORPORATION
Balance Sheet
At December 31, 2018
0
0
$0
0
0
$0
Prepare the necessary closing entries at December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the entry to close the revenue accounts using the income summary.
Record the entry to close the expense accounts using the income summary.
Record the entry to close the income summary account.
which of the following is true about the standard error of estimate? multiple choice it is calculated using the regression mean square. it can be negative. it is a measure of the accuracy of the prediction. it is based on squared vertical deviations between y and x.
The true statement about the standard error of estimate is that it is a measure of the accuracy of the prediction.
the standard error of the estimate is a statistical measure that indicates how accurately the regression equation predicts the response variable. It is calculated as the square root of the mean squared error and is based on the difference between the predicted and actual values of the response variable. The standard error of estimate cannot be negative and is typically reported in the same units as the response variable. Therefore, the correct option among the multiple choices is that the standard error of estimate is a measure of the accuracy of the prediction.
The standard error of estimate is used to assess the accuracy of predictions made using a regression model. It indicates the average difference between the actual observed values and the predicted values from the model. It is not calculated using the regression mean square, cannot be negative, and is based on squared vertical deviations between the observed values (Y) and the predicted values (Y'), not between Y and X.
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Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Eli? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% b. 30 year fixed, 5% down at a fixed rate of 6. 25% c. 30 year fixed, 6. 5% down at a fixed rate of 5. 75% d. 30 year fixed, 10% down at a fixed rate of 5%.
The loan option which I would recommend to Eli is which there are 30 years fixed, 10% down at a fixed rate of 5%.
What is the interest rate?The quotient of a loan, that is charged as interest to the receiver, is typically expressed as an annual percentage of the loan outstanding.
Given data are:
Cost of buying a townhouse = $276,650
Savings = $28,000
Earns per month = $4,475
computation:When we take 10% down, fix rate than a cover for the down payment is:
cover for the down payment :
\(\text{Cover for the down payment}=\text{10\%}\times\text{Cost of House}\\\\\text{Cover for the down payment}=\dfrac{10}{100} \times\$276,650\\\\\text{Cover for the down payment}=\$27,665.\)
And, here monthly income is $4,475
So, the mortgage will be :
\(\text{Mortgage}=30\%\times\$4,475\\\\\text{Mortgage}= \$1,342.50.\)
So, by the balance of the mortgage is:
\(\$276,650 - \$27,665= \$248,985.\)
Hence, the total monthly repayment is:
Total monthly repayment:
\(\$248,985\times\dfrac{0.05}{12}+\dfrac{348985}{30\times12}\\\\=\$1729.08.\)
Therefore, option D is correct.
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How can you train yourself to never give up before you reach you number one goal.
For example, I want to go to college and either study to be a Certified nursing assistant or Registered nurse and in 11th grade I want to try to do Licensed practical nurse which I probably have to start off as Practical nurse.
(This is for eighth grade)
Answer:
Make a List of Goals. Write down your goals and visualize how you will feel when you hit each one. ...
Work Out Every Day. ...
Make a Schedule and Stick to It. ...
Find Your “Whys” ...
Find Some Mentors. ...
Stop Comparing Yourself With Other People. ...
Take Care of Yourself and Think Positively.
Explanation:
Calculate the effective interest rate for each of the following nominal interest rates: a. 3.09% compounded quarterly. % Round to two decimal places b. 3.09% compounded monthly
a. The effective interest rate for a nominal interest rate of 3.09% compounded quarterly is approximately 3.14%.
b. The effective interest rate for a nominal interest rate of 3.09% compounded monthly is approximately 3.16%.
To calculate the effective interest rate, we need to take into account the compounding frequency. In the case of a nominal interest rate of 3.09% compounded quarterly, we can use the formula:
Effective Interest Rate = (1 + (Nominal Interest Rate / Number of Compounding Periods))^Number of Compounding Periods - 1
For a nominal interest rate of 3.09% compounded quarterly, the number of compounding periods per year is 4 (since it is compounded quarterly). Plugging in the values into the formula, we get:
Effective Interest Rate = (1 + (0.0309 / 4))⁴ - 1
≈ 3.14%
Similarly, for a nominal interest rate of 3.09% compounded monthly, the number of compounding periods per year is 12 (since it is compounded monthly). Using the formula, we have:
Effective Interest Rate = (1 + (0.0309 / 12))¹² - 1
≈ 3.16%
The effective interest rate takes into account the effect of compounding and represents the actual interest earned or paid over a given time period. By considering the compounding frequency, we can determine the true rate of return or cost associated with the nominal interest rate.
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HELP! 40 points! MERRY ALMOST CHRISTMAS! ☃️
Answer:
What is Money received regularly for work or through investments? Income
What is the term for an individual, who conceives of, establishes, operates, and the risks of a business?entrepreneur
What is a business cost that increases or decreases, such as labor? Variable cost
What is Money earned per hour, can include overtime?Wages
What is a business cost that remains the same, such as rent?Fixed cost
What are Usually given to full-time employees, can include health insurance, life in paid vacation? Benefits
What is money earned yearly (but usually paid weekly or monthly), can include bonuses?Salary
What is Total pay or earnings before any deductions have been taken?Gross income
Elena Fargas Charge account statement shows unpaid balance of $6982.25 the monthly finance charge is 1.55% of unpaid ba
Answer:
Find my detailed explanations and computations below
Explanation:
In essence, based on the unpaid balance of $6982.25 with a monthly interest rate of 1.55%, the finance charge on the unpaid balance can be determined as the unpaid balance multiplied by the monthly interest rate as shown
The finance charge for the month=unpaid balance*monthly interest
The finance charge for the month=$6982.25*1.55%
The finance charge for the month=$108.22
The balance owed altogether is the unpaid balance plus the finance charge on the unpaid balance
Total balance unpaid=$6982.25+$108.22
Total balance unpaid=$7,090.47
After binding by e. coli rna polymerase the correct order of events for transcription initiation is?
After binding by E. coli RNA polymerase, the correct order of events for transcription initiation is A) closed complex formation, open complex formation, promoter clearance, and start of RNA synthesis.
What are the 4 steps in transcription initiation?Transcription is the name given to the process in which DNA is copied to make a complementary strand of RNA. RNA then undergoes translation to make proteins. The major steps of transcription are initiation, promoter clearance, elongation, and termination.
The polymerase initially binds nonspecifically to DNA and migrates along the molecule until the σ subunit binds to the -35 and -10 promoter elements, forming a closed-promoter complex.
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according to the kauffman foundation, what would happen to a society if it didn’t have entrepreneurs and new companies?
Kauffman foundation asserts that a society will not exist if it didn’t have entrepreneurs and new companies.
Who is an entrepreneurs?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea usually entails a new product or service rather than an existing business model.
The Kauffman Foundation sees an entrepreneurs as an entity that does three things that includes birth the new, create jobs, and create new net wealth in society.
However, the foundation asserted that a society will not exist if it didn’t have entrepreneurs and new companies.
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Consider the following model for the production of refined oil: MPC = 10 + 0.2Q;
In the process of producing, firms also pollute the air in the area. Assume MEC = 0.3Q;
The market demand for refined oil is MSB = 30 – 0.3Q; MEB = 0.
Use these relationships to answer the following questions:
1. (1 point) Calculate the competitive (or market) output and equilibrium price in this market.
2. (1 point) Calculate the efficient output and equilibrium price in this market.
3. (4 points) Graphically represent the MPC, MSB and MSC curves (make sure to label the axes). Make sure to indicate the value of efficient production (QE) and price (PE) levels as well as market output (QC) and price (PC) levels.
4. (1 point) Calculate the refineries’ marginal profit at the efficient equilibrium.
5. (1 point) Calculate the public marginal damage (negative benefit) at the competitive equilibrium.
6. (2 points) At Q=30, what is the minimum price (Pm) refineries would have to be compensated in order to decrease production? What would be the maximum price (PM) public users would be willing to pay to have production decreased?
Using the relationships given, Competitive equilibrium = 40, Efficient equilibrium = $22.5, Marginal profit = 15 and public marginal damage = 12.
What is Marginal profit?A firm or individual earns marginal profit when one additional or marginal unit is produced and sold. The marginal cost or profit earned when producing the next unit. The marginal product is the extra revenue earned, whereas the marginal cost is the additional cost of producing one more unit.
MPC = 10 + 0.2Q
MEC = 0.3Q
MSB = 30 – 0.3Q; MEB = 0
1. Competitive equilibrium
MSB = MPC
30 – 0.3Q = 10 + 0.2Q
20 = 0.5q
q = \(\boxed{40}\)
2. Efficient equilibrium
MSB = MEC (Marginal social cost)
MSC = MPC + MEC
MSC = 10 + 0.2Q + 0.3Q
MSC = 10 + 0.5Q
That implies
30 – 0.3Q = 10 + 0.5Q
30 = 0.8q
q = 25 and
p = 30 - 0.3(25)
p = \(\boxed{\$22.5}\)
3. Attachment given for the graph
4. Marginal profit = Marginal social benefit - Marginal social cost
= [30 - 0.3(25)] - [10 + 0.5(25)]
= (30+7.5) - (22.5)
Marginal profit = \(\boxed{15}\)
5. MEC = 0.3q
At Competitive equilibrium, q = 40
MEC = 0.3(40)
MEC = \(\boxed{12}\)
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Can a buyer reject goods after acceptance?
Yes, the buyer can reject the goods after receiving them. This can happen if the goods are not in accordance with the contractual terms, are not delivered in a reasonable time or are not in the condition that was originally agreed.
If the buyer believes that the goods are not suitable for their intended purpose, they can exercise their right to reject the goods and request a refund or exchange. The buyer must act within a reasonable time after receiving the goods to reject the goods. Depending on the agreement, the buyer may be able to reject the goods, even if they have already been accepted, if the rejection is within a reasonable time.
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what are brand names and brand marks and what is their purpose?
Brand names and brand marks are vital components of branding, serving to differentiate and create recognition for a brand, build trust, and communicate its identity.
Brand names serve as identifiers, helping customers recognize and recall a specific product or company. They can evoke emotions, convey messages, and differentiate the brand from competitors.
Brand marks, on the other hand, are visual representations that often accompany the brand name and can include logos, symbols, or designs. They provide a visual identity and serve as a visual cue for customers to recognize and connect with the brand.
Together, brand names and brand marks play a crucial role in brand positioning, establishing a unique identity, fostering customer loyalty, and creating a strong brand image in the market. They help build trust, credibility, and a sense of familiarity among consumers, ultimately influencing their purchasing decisions.
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Tell me how Friday came to be? What is the origin of this day of the week
Bitcoin is worth it?
Experience indicates that strategic alliances Group of answer choices work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. are generally successful. are usually a company's best approach to building a distinctive competence. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
Answer: Stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals
Explanation:
Strategic alliance occurs when two or more companies join hands together in order to achieve strategic outcome that's mutually beneficial to the parties involved.
It should be noted that companies to into Strategic alliance in order to improve market access, improve supply chain efficiency and to also gain economies of scale.
Lastly, it should be noted that strategic alliances stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
After reading through these pages and completing some of the activities, do you believe the decision to start a new business is a good one or would you advise that person to continue looking for employment? What are your reasons for coming to this conclusion?
Incomplete question. I answered from a general perspective.
Answer:
Yes, if circumstances allow
Explanation:
While it may be best for someone to start a new business rather than go on looking for employment, it is also not always going to be the best option for some other person.
However, here are some advantages/benefits of starting a new business instead;
Become your own boss. By so doing you become self-employed; having the ability to control how to run your business. Gives you the privilege of earning additional personal income.Work flexible hours.Prompt
What is debt?
Answer:
debt is when you spent more money than you had
1. What motivational approach is Mr. Ferrell using?
2. Amy has asked your advice. What would you suggest that she do? What are her alternatives?
Intrinsic reward is the motivational strategy Mr. Ferrell is employing. because he feels personally satisfied. He abides by the guidelines of Right-Way Super Market, which gives him the impression that he is significantly helping this business.
What is Intrinsic reward ?The incentives that have been given to employees of a company are referred to as intrinsic rewards.
Employees receive internal rewards called intrinsic rewards for effectively accomplishing their projects. These incentives are dependent on a person's effort and ability, and they are primarily psychological.
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