Organizations have three fundamental strategic alternatives at their disposal to acquire a competitive edge. These include Cost Leadership, Differentiation, and Focus.
<h3>What do you mean when you refer to general business-level strategies?</h3>
This level of strategy outlines whom the company will serve, what products it will provide for them, and how it will provide those services.
<h3>One of the four general growth methods is which of the following?</h3>
Product differentiation, pricing leadership, marketing power, and distribution efficiency are Michael Porter's four general techniques for gaining a competitive edge.
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Answer:
The correct journal entries should be:
January 1, Year 3
Dr Notes Payable account 10,000
Cr Cash account 10,000
Explanation:
Since Cash account is an asset, it should be credited when it decreases.
Since Notes Payable account is a liability, it should be debited when it decreases.
Answer:
3%
Explanation:
ratio of 80 or 90 percent or more highly negative impact on your credit score.
The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.
<h3 /><h3>What is a Strategic Sourcing Plan?</h3>
It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.
Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.
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Answer:
-1.8%
There would be a decrease in demand of 1.8%
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
If the cross-price elasticity is negative, it means that the goods are complementary goods
Cross price elasticity = percentage change in quantity demanded / percentage change in price
-1.8 = percentage change in quantity demanded / 1%
percentage change in quantity demanded = -1.8%
