Answer:
d) actions taken by companies to gain sales and market share irrespective of product prices and costs.
Explanation:
Actions that aim to gain market share no matter the cost is an anti- competition strategy. This reduces competition in the market.
Maintaining competitive advantage involves employing strategies to be better than the competition by developing better products, marketing strategies, and competencies. Companies also for strategic alliances to pool their resources together, thereby increasing their competitiveness.
A strategy to achieve and maintain sustainable competitive advantage is never associated with actions taken by companies to gain sales and market share irrespective of product prices and costs.
A strategy to achieve and maintain sustainable competitive advantage is never associated with actions taken by companies to gain sales and market share irrespective of product prices and costs. This option, labeled as choice D, suggests that a company should prioritize sales and market share over product prices and costs, which is not a sustainable strategy in the long run. Sustainable competitive advantage is achieved by differentiating from rivals, entering strategic alliances and partnerships, competing on dimensions like quality and cost, and following direction and guidance.
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The difference between a privately-held and public company is that the owners of the private company are the company’s founders or a group of private investors while in the public company, the company has undergone an initial public offering that means the company sold a portion of its shares to the public. The management of a public company is answerable to the shareholders as opposed to the private company. A public company sells the shares of stock and is listed in the stock exchange while a private company is unlisted.
B)the push to find the most impressive product.
C)the desire to have the latest technology.
D)the desire to get the most for their money.
Answer:
Economic profit = $-40,000
Accounting profit = $115,000
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Accounting profit = Total revenue - Total cost
Total revenue = 25,000 x $15 = $375,000
Total cost = $260,000
Accounting profit = $375,000 - $260,000 = $115,000
Economic profit is accounting profit less implicit cost or opportunity cost
Economic profit = Accounting profit -Implicit cost
= $115,000 - $155,000 = $-40,000
I hope my answer helps you
Answer:
Accounting Profit = $115.000 and Economic Profit= -40.000
Explanation:
Accounting profit is the monetary costs a firm pays out and the revenue a firm receives.
Accounting Profit = Total Revenues - Explicit Costs
Accounting Profit = ($15 x 25000) -$260,000=375.000-$260,000
Accounting Profit = $115.000
Economic profit is the difference between the total revenue received by a business and the total explicit and implicit costs for a firm.
Economic Profit = Accounting Profit - Implicit Cost
Economic Profit= $115.000 -$155,000
Economic Profit= -40.000
(b) number of workers and workstations in trim-chassis-final.
(c) What is the average labor cost per car in trim-chassis-final if the hourly worker rate = $35 and fringe benefits add $20/hr. Ignore cost of supervision, maintenance, and other indirect labor.
Answer:
a) Rp= 200,000 / (50 X 10 X 8)= 50.0 units /hr
b) Tc= E/Rp= 60 (0.95) /50 =1.14 min
Ts= Tc - Tr = 1.14 - 0.15 = 0.99 min
w= Min Int > Twc/EbTs= 15.0 X 60 / (0.93 X 0.99) ) 944.5 rounded: 978 workers /shift
Total number of workers = 1956 over 2 shifts
n= w/M = 978/2.2 = 444.3 rounded 445 stations
Annual workload WL = 200,000 cars x 15/hr/car = 3,000,000 hr/work
with 1956 workers,= 1956 (50 X 10 X 8) = 3,912000 hr
This doesn´t include E, Eb and Er
E= 0.95 (given), Eb= 0.93 and Er= 0.99/1.14= 0.8684
Usable service time: 3, 912,000 (0.95) (0.93( (0.8684) = 3,912,000(0.767) = 3,001, 409 hr
C) the plant operates (50 weeks/yr)(10 shifts/week) (8 hr(shift) = 4000 hr/yr
Total hourly labor rate= $30 + $15= $45/hr
total labor cost = (1956 workers) (2000 hr/wrk-yr) ($45/hr) = $176,040,000
LAbor cost in trim-chassis-final per car= 176,040,000/200,000 = $880.20/car
Answer:
C. By realizing gains through increase in share price and cash divideneds.
Explanation:
For most corporations, the management must strive to ensure the firm is doing well in the market space. Once a company is doing well, it will affect its share price positively on the stock exchange.
An increase in the share price of fim is a gain to the firm and its corporate owners. I.e sharedholders. This means that the value of their investment in the firm has appreciated.
Furthermore, the firm must try to make profit which is one of the reason of being in business. A firm that is making profit will be able to declare same at the end of the financial period, hence corporate holders(shareholders) would be have part in profit declaration through dividened.