Economic growth is the most accurate indicator economists have of how successfully a nation raises the standard of living for its citizens.
Numerous techniques are employed by statisticians and economists to monitor economic progress. The GDP is the most well-known and often monitored (GDP). However, several economists have pointed out the shortcomings and biases in the GDP computation over time. Relative productivity measurements are also maintained by organizations like the Organization for Economic Co-operation and Development (OECD) and the Bureau of Labor Statistics (BLS) to assess economic potential. Although it might be challenging to quantify, some recommend gauging economic growth by changes in the standard of living.
In order to gauge economic growth in terms of monetary expenditures, one must use the gross domestic product (GDP). If a statistician wishes to comprehend the steel industry's production in terms of productivity.
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HELP ME PLEASE
The following transactions and
events have occurred during March 2022 in ABC Company
1 The company issued shares in exchange for $400,000 cash.
2 Borrowed $150,000 from a Local Bank payable in 1 year. (Interest is = 12% annually)
Purchased a machine for $100,000, paying $50,000 cash, and the rest will be paid later.
3 (Depreciates at a rate of $10,000 per month.)
4 Billed customers $80,000 for services performed.
5 Purchased in cash $4,500 of supplies. (Only $500 remained by the end of the month)
Received $4,800 cash in advance from customers for services to be performed in three
6 months.
7 Paid Dividends of $4,000 in cash.
Required:
1. Analyze each of the transactions in terms of its effect on the accounting equation elements. 2. Prepare the necessary journal entries for the month and post to the Ledger.
3. Prepare the Trial Balance.
4. Prepare and post the necessary adjusting entries.
5. Prepare the Adjusted Trial Balance.
6. Prepare the Income statement, Retaining Earnings statement, and Statement of financial Position.
7. Prepare and post the closing entries.
8. Prepare the Post-Closing Trial Balance.
Answer:
d
Explanation:is wrong i got it wrong on edg
which two of the following are the broad categories that should be considered when analyzing the economic component in an environmental scan?
Macroeconomic conditions and consumer income are the broad categories that should be considered when analyzing the economic component in an environmental scan.
What is the definition of macroeconomics?The study of an economy's behavior and overall functioning is the main goal of the branch of economics known as macroeconomics. Inflation, unemployment, growth rate, and gross domestic product are just a few of the economic trends that are highlighted. The study of macroeconomics focuses on the functioning of economies, including shifts in the balance of payments, inflation, interest and foreign exchange rates, and variations in economic production.
Only solid monetary and fiscal policies can lead to social fairness, poverty reduction, and sustained growth. Gross domestic product (GDP), inflation, and employment statistics are the top three macroeconomic indicators. Maximizing living standards and achieving steady economic growth are macroeconomics' main objectives.
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Why is it important for developers to be careful when using cascading deletes?
They may create orphaned records.
They may link to data in external databases.
They may delete more records than intended.
They may disconnect the bond between tables.
Answer:
C. They may delete more records than intended.
Explanation: Just answered it on edg. 2021
Answer:
(C) They may accidentally delete more records than intended.
Explanation:
hiii can someone pretty pls help me with this :D
Select an industry of your choice. Use online sources to find the most recent data available on the following aspects related to the industry that you select:
-economic indicators
-employment statistics
-top three competitors in the industry, by sales volume
Employment statistics.
You would need these if you are going to work in a business. After all, an business needs workers!
What is of least concern to architects in designing a structure?
Upkeep is of the least concern to architects in designing a structure.
Architecture is the art and technique of planning and building, as distinguished from the abilities related to construction. it's each method and also the product of sketching, conceiving, planning, designing, and constructing buildings or alternative structures. Architecture began as rural, oral vernacular architecture that developed from trial and error to winning replication.
Ancient urban architecture was preoccupied with building non secular structures and buildings symbolizing the political power of rulers till Greek and Greco-Roman architecture shifted focus to civic virtues. Indian and Chinese architecture influenced forms everywhere in Asia and Buddhist architecture above all took numerous native flavors. In fact, throughout the European Middle Ages, pan-European sorts of Romanesque Associate in Nursing Gothic cathedrals and abbeys emerged whereas the Renaissance favored Classical forms enforced by architects legendary by name.
Later, the roles of architects and engineers became separated. trendy architecture began when warfare I was an avant-garde movement that sought-after to develop a very new style acceptable for a replacement post-war social and economic order centered on meeting the requirements of the center and dealing classes.
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is when third parties reap the benefit of a good or service for which they did not pay. A Government resource B. Positive externality C Consumer reaction D. Negative externality Please select the best answer from the choices provided OA B OC D
Answer:
B. Positive externality
Explanation:
An externality is a benefit or a detriment to a third party created by the production or consumption of goods or services. A third party is everybody else other than the producer or consumer of a product. An externality is either positive or negative.
A positive externality is when consumption or production creates a benefit to a third party. The third-party does not meet the cost of products but indirectly enjoys its production.
Answer:
B. Positive externality
Explanation:
EDGE 2021
During the year, Tamara had capital transactions resulting in gains (losses) as follows: • Sold stock in ABC Company (acquired two years ago) ($1,500) • Sold collectible coins (held for more than one year) $2,000 • Sold stock in XYZ Company (acquired six months ago) ($4,100) • Sold stock in LMN Company (acquired three years ago) $500 a. As a result of these transactions, Tamara has an overall net short-term capital loss of $ . b. Is the amount of her overall net gain or loss limited this year? c. If "Yes", what is the limit. If "No", enter"0". $
Answer:
a. Tamara has an overall net short-term capital loss of $3,100
b. Yes
c. The limit is $3,000
Explanation:
a. In order to calculate the overall net short-term capital loss we would have to make the following calculation:
overall net short-term capital loss= -$4100+($2,000-$1,500+$500)
overall net short-term capital loss= -$3,100
Tamara has an overall net short-term capital loss of $3,100
b. According to the calculation of the overall net short-term capital the amount of her overall net loss is yes limited this year
c. According to the tax federal law, the limit is $3,000
Ellen earns 12 dollars for walking the neighbor's dog. Last month, she walked the dog w times. Choose the expression that shows the number of dollars Ellen earned last month.
The expression that would help to show the amount that Ellen earned for the job that she did in the month is p = 12w
How to find the payWe have the following information to solve the problem with.
The amount that is paid and time that she walks this dog is 12 dollars.
In the month that we have here, she is said to have walked the dog for a total of w times.
That is to get the amount that she would be paid, we are to multiply w with 12
P = 12 * w
p = 12w
Hence the amount that Ellen is paid would be p = 12w for the work that she did last week.
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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Ending raw materials would appear in which of the following budgets?
(A) Debit Labor Budget
(B) Direct Materials Budget
(C) Budgeted Income Statement
(D) Sales Budget
Answer:
B
Explanation:
Raw materials will fall under a material budget as it is only for purchasing the raw materials
The company is dedicated to developing high-quality housing projects that meet the needs of families and individuals, with a focus on affordability, sustainability, and innovation.
The focus of the company's housing projects is to provide affordable and sustainable housing solutions.
The focus of the company's housing projects is to address the global issue of housing affordability and sustainability. The company aims to provide cost-effective and eco-friendly housing solutions that cater to the needs of different income groups. They use sustainable building materials and technologies that reduce energy consumption, minimize waste, and lower carbon emissions.
In addition, the company works with local communities to understand their housing requirements and preferences, and designs housing projects that align with their needs. Overall, the company's focus on affordable and sustainable housing solutions contributes to the social, economic, and environmental well-being of the communities they serve.
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--The complete question is, What is the focus of the company's housing projects?--
Alejandro is journalist who thinks that a company is dumping its waste in a local river even though this goes against several regulations. Give two examples of sources that he could use to investigate this story.
Answer:
By consulting people around the area
Explanation:
consulting people who live there is a great chance of investigating about the issue
Answer:
he could ask people who live near the area if they've seen anything.
Explanation:
What's the answer for that one.
1) Net income = Sales - cost of goods sold = \(600\) - \(480\) = \(120\)
2) Return on assets = Net income /Total assets = \(120\)/\(532\) = \(0.2255\)
3) A corporation has made poor investments and is spending more money if the return on assets is decreasing 10%. However, 10% is acceptable, but if it rises then there will be problems.
4) Any business's foundation is its logistics management.
ways to make logistic management better
I Invest in modern technology;
ii) Thoroughly train your personnel;
iii) Encourage interdependent communication; and
iv) Outsource to 3PL
V) Select and Track KPIs
Planning, managing, and implementing processes to move and store items are all parts of logistics management, which is the governance of supply chain management functions. Transportation management, fleet management, warehousing, material handling, order fulfillment, logistics network design, inventory control, supply/demand planning, and administration of third-party logistics service providers are a few examples of logistics management tasks. Planning, managing, and implementing processes to move and store items are all parts of logistics management, which is the governance of supply chain management functions. Transportation management, fleet management, warehousing, material handling, order fulfillment, logistics network design, inventory control, supply/demand planning, and administration of third-party logistics service providers are a few examples of logistics management tasks.
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cross cultural differences in leadership
Answer:
Cross Cultural Leadership Cultural Differences in Leadership Cultural differences determine certain leadership traits and portions of our personality. It is easy to discredit the importance of cross-cultural differences and their influences on various leadership styles. Different cultures are known for certain traits. Cultural traditions and values play a role in a leader's style. According to the "International Journal of Cross Cultural Management," leadership traits result partly from cultural norms and partly from the needs of the leadership job. Cultures differ regarding the use of power.
If this works, when possible can i have brainliest
1. Can you describe any bargaining situation you found yourself in that didn't end up in your favour.
2. Can you explain why you think you ended up loosing the negotiation?
3. If you were to prepare to face a similar bargaining situation in the future what do you think you could do different?
4. Do you think it is still important to consider the national culture of prospective negotiation partners if your are to engage in global negotiations.
This is a set of questions about personal bargaining experiences, reflecting on why a negotiation may not have been successful and considering how to prepare for future negotiations, as well as the importance of considering national culture in global negotiations.
The first two questions ask the individual to describe a personal bargaining situation that didn't end up in their favor and to explain why they believe they lost the negotiation. The third question asks for ideas on how to prepare for future similar situations. The fourth question is about the importance of considering national culture in global negotiations.
These questions are meant to elicit reflections on personal negotiation experiences and provide an opportunity for individuals to consider the factors that influence successful bargaining outcomes. Understanding the importance of cross-cultural communication can be a key factor in achieving favorable negotiation results in global business settings.
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The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000, divided into four activities:
Fabrication $204,000; Assembly $105,000; Setup $156,000; and Inspection $135,000.
Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:
Fabrication Assembly Setup Inspection
Speedboat 2,000 dlh 1,000 dlh 300 setups 1,100 inspections
Bass boat 3,000 dlh 3,000 dlh 400 setups 1,500 inspections
Each product is budgeted for 250 units of production for the year.
a. Determine the activity rates for each activity.
b. Determine(A) the activity rates for each activity and (B) the activity based factory overhead per unit for each product.
Answer:
Bardot Marine Company
a. Activity rates for each activity:
Fabrication = $40.80/dlh
Assembly = $26.25/dlh
Setup = $222.86/dlh
Inspection = $51.92/dlh
b. The activity based factory overhead per unit for each product:
Speed Bass
Boats Boats
Factory Overhead per unit $927.25 $1472.70
Explanation:
a) Data and Calculations:
Activities Budgeted Speed Bass
Overheads Boats Boats Total Activity rates
Fabrication $204,000 2,000 dlh 3,000 dlh 5,000 dlh $40.80/dlh
Assembly $105,000 1,000 dlh 3,000 dlh 4,000 dlh $26.25/dlh
Setup $156,000 300 dlh 400 dlh 700 dlh $222.86/dlh
Inspection $135,000 1,100 dlh 1,500 dlh 2,600 dlh $51.92/dlh
Total costs $600,000
Units budgeted 250 250 500 units
Speed Bass
Boats Boats
Fabrication = $40.80/dlh $81,600 $122,400
Assembly = $26.25/dlh 26,250 78,750
Setup = $222.86/dlh 66,850 89,144
Inspection = $51.92/dlh 57,112 77,880
Total assigned costs $231,812 $368,174
Units budgeted 250 250
Overhead per unit $927.25 $1472.70
3) Tobi owns a perpetuity that will pay $1,500 a year, starting one year from now. He offers to sell you all of the remaining payments after the next 25 payments have been paid. (A) What price should you offer him for payments 26 onward if you desire a rate of return of 8 percent
Answer:
you should pay up to $2,737.84 to Tobi
Explanation:
first, the terminal price of the perpetuity must be determined = annual payment / r = $1,500 / .08 = $18,750
now, the present day value of the future terminal value
present value = future value / (1 + r)ⁿ = $18,750 / (1 + 8%)²⁵ = $2,737.84
To use an outline for writing a formal business document, what should you do after entering your bottom-line statement? O A. Move the bottom-line statement to the end of the document. OB. Write a topic sentence for every detail. O C. Enter each supporting detail from the outline on a separate line. O D. Enter each major point from the outline on a separate line.
Answer:
enter each major point from the outline on a separate line
Explanation:
Kk
Answer:
D : Enter Each Major Point From The Outline On a Separate Line
Explanation:
AP3X
pog
what is the meaning of Accounting?
Accounting is the process of recording financial transactions pertaining to a business.
Answer:
The meaning of accounting is the action of dealing with money like a bank for a example.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with posts. Why do you think non-celebrities are able to influence buying behavior?
This is because the followers are aware of the celebrity and their motivations, thus their purchasing decisions aren't as affected by consumer behaviour.
What is consumer behaviour?The activities and choices that consumers make when using or purchasing things are referred to as consumer behaviour in marketing. Consumer behaviour towards a product encompasses all aspects, from the original choice to acquire it through how they use it and whether they decide to make additional purchases of it in the future or not. Consumer behaviour can be divided into four categories: routine purchases, variety-seeking purchases, purchases made to avoid dissonance, and sophisticated purchases. The sort of goods a consumer needs, their level of involvement, and the variations between companies all influence the forms of consumer behaviour they exhibit.
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Your restaurant revenue is $710,000, expenses total $890,000, and your total invest is $3 million what is your return investment?
Answer:
Return on investment = -6%
Explanation:
Given:
Gross revenue of restaurant = $710,000
Total expenses of restaurant = $890,000
Total investment = $3,000,000
Find:
Return on investment
Computation:
Net profit = $710,000 - $890,000
⇒ Net profit = -$180,000
Return on investment = [Net profit / Total investment]100
⇒ Return on investment = [-180,000 / 3,000,000]100
⇒ Return on investment = [-0.06]100
Return on investment = -6%
Marketing managers from two companies agree that competing to offer the lowest prices has been hurting their profit margins, so they agree on the prices they will charge for some of their key products. What illegal pricing behavior is this? O A. Price discrimination O B. Deceptive pricing C. Price fixing O D. Price gouging
Price fixing is the illegal pricing behaviour is this. Hence, option C is correct.
A written, verbal, or conduct-based agreement to raise, lower, maintain, or stabilize prices or price levels is known as price fixing. Antitrust laws typically mandate that each business establish prices and other competitive terms independently, without consulting a rival.
Competitors who agree to raise, cut, or stable prices are said to have engaged in horizontal price fixing. For instance, a horizontal agreement between two rival fast-food establishments selling hamburgers on the sale pricing of cheeseburgers is prohibited by antitrust rules.
Price fixing is an anticompetitive agreement between players on the same side of a market to buy or sell a good, service, or commodity solely at a set price, or to keep the market's dynamics in such a way that the price is kept at a fixed level.
Thus, option C is correct.
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Answer:
price fixing
Explanation:
compare and contrast different types of source documents
Answer:
Bank Statements.
Payroll Reports.
Invoices.
Leases & Contracts.
Check Registers.
Purchase Orders.
Deposit Slips – not included on a bank statement.
Check Copies – not included on a bank statement
Explanation:
what a rational firm produce after recruting the forth employee?explain.
Answer:
xxxxxxxxxxxxx
Explanation:
go sex go
f..ker
Please help me with these accounting questions
1. How can a business entity have controlling interest of another business entity when it does not own over 50% of the parent company ordinary share capital?
2. Why are inventories excluded when calculating the Acid test ratio under “Liquidity ratios"?
3. Why are the intra-group profits eliminated during consolidation? Explain with an example
4. Provide one reason on why the amount paid for a business (during takeover) may differ from that of the balance sheet value of its net assets?
Answer:
In summary, types of business entity should be differentiated in Ownership; ... Credit transactions: the buyer does not have to pay for the item on receipt, but is allowed ... Dr.Cash 600 Cr.Irrecoverable debt expense 600 8.2 An allowance for ... the day is as follows: Assets Capital + Liabilities (Inventory $50)
Explanation:
Are interest or dividends taxable
In case your taxable hobby profits is more than $1,500 otherwise you received interest as a nominee for the real proprietor, you need to additionally consist of that earnings on agenda B (form 1040 or 1040-SR), interest and everyday Dividends and connect it on your tax go back.
Interest is charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the important sum, at a particular charge. It is distinct from a rate which the borrower may additionally pay the lender or some 1/3 party. Interest is the charge you pay to borrow cash or the cost you price to lend cash. Interest is most usually contemplated as an annual percentage of the quantity of a mortgage. This percentage is known as the hobby fee at the mortgage interest is described as the amount of cash paid for the usage of someone else's money. An example of interest is the $20 that became earned this yr for your financial savings account
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How will I apply my management skills in my future career
Management skills in your future career Effective communication, Leadership skills, Planning and prioritizing, and Problem-solving skills.
Management skills are critical in any profession. These abilities assist you in maintaining control of the operation and ensure that all personnel are performing at their best. Having efficient management skills is essential for a successful career.
Here are some ways that you can use management skills in your future career:
Effective communication: Effective communication is one of the most important abilities in management. This entails not only conveying your point of view to others but also actively listening to other's viewpoints. In your future job, you will need to interact with a variety of individuals from different backgrounds and cultures, and your communication skills will assist you in effectively conveying the message.
Leadership skills: Leadership is an essential element of management. You must possess the necessary abilities to lead your team and effectively manage them. When you lead by example, your team will be motivated to perform at their best and follow your lead.
Planning and prioritizing: Tasks and workloads are critical components of any profession. You must organize, prioritize, and manage your work effectively to be successful in your future career. Planning your work will ensure that you meet deadlines and deliver high-quality work. These skills will help you manage your time effectively and handle any challenges that may arise.
Problem-solving skills: Management skills can be effectively employed to solve problems that arise in your profession. These abilities can assist you in resolving any conflicts and making difficult decisions. You must have the ability to assess the situation and find a solution that works for everyone involved. These abilities will assist you in being successful in your future career.
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during 2017 and 2018,Irish airline Ryanair had to cancel thousands of flights to and from European destinations.Ryanair blamed the cancelation on a combination of air traffic control delays and strikes,bad weather and shortages of pilots and cabin crew due to increase annual leave allocations. a)Define profit .(2) b)explain the difference between a fixed cost and a variable cost of production.(4) c)analyse what might have happened to the level of profits for Ryanair as a result of the problems stated.(6) d)Discuss whether the cancelation of a flight would have affected the fixed and variable cost of Ryanair.(8)
A) Profit refers to the amount of money earned by a company after deducting all the costs and expenses.
B) Fixed costs are those expenses that do not change whereas, variable costs are expenses that vary with the level of production.
C) The cancellation of flights would have led to a decline in revenue, while the increase in costs due to shortages of pilots and cabin crew, as well as bad weather, would have led to higher variable costs.
D)The cancellation of a flight would affect both the fixed and variable costs of Ryanair.
a) Profit refers to the amount of money earned by a company after deducting all the costs and expenses incurred in the production of goods or services.
b) Fixed costs are those expenses that do not change regardless of the level of production, such as rent, salaries, and insurance. Variable costs, on the other hand, are expenses that vary with the level of production, such as raw materials, labor costs, and shipping expenses.
c) The problems faced by Ryanair in 2017 and 2018 would have had a significant impact on the level of profits. The cancellation of flights would have led to a decline in revenue, while the increase in costs due to shortages of pilots and cabin crew, as well as bad weather, would have led to higher variable costs. Additionally, the fixed costs of the airline, such as aircraft leasing costs and employee salaries, would have remained constant, thereby reducing the profitability of the company.
d) The cancellation of a flight would affect both the fixed and variable costs of Ryanair. Fixed costs such as aircraft leasing costs and employee salaries would remain the same regardless of the number of flights operated. However, variable costs such as fuel expenses and landing fees would be reduced due to the cancellation of a flight. In addition, the cancellation of a flight would also result in a loss of revenue, which would affect the overall profitability of the airline.
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how to gain competitive advantage
Answer:
I know ur answer.
Explanation:
1. become the low-cost supplier
2. develop differentiated, innovative products and services
3. target a niche: geography, industry, product/service
4. employ differentiated business methods and approaches.
Answer:
Gaining a competitive advantage can be challenging, but there are several strategies businesses can adopt to achieve this goal. Here are some recommendations to improve your business's competitiveness:
1. Differentiation: One way to gain a competitive advantage is to differentiate your product or service from those of competitors. You can stand out by focusing on a unique feature or benefit that none of your competitors offer.
2. Cost Leadership: Another approach is to lower your costs and offer lower prices than your competitors. This helps attract price-sensitive consumers who value cost savings while still making a profit.
3. Innovation: Building new and innovative products or services can help you stand out in the market, attract customers who like new trends, and establish a competitive advantage in the industry.
4. Quality products and services: Offering high-quality products or services can increase customer satisfaction and loyalty that can set a business apart from competitors.
5. Customer focus: Focusing on customer satisfaction by regularly evaluating customer needs and concerns, improving service or product quality, and striving to exceed customer expectations can create a competitive advantage for your business.
In summary, businesses can gain competitive advantage by offering unique features or benefits, lowering cost, innovating, providing high-quality goods and services, and focusing on outstanding customer service.