Answer: C) are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.
Explanation: Core competencies and competitive capabilities are best defined as a collection of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain. Core competencies are the various arrays of resources and capabilities that the strategic advantages of a business is composed of. Businesses have to define, grow, and exploit its core competencies across work groups and departments in order to succeed against competition. In this they build up capabilities that leads to a better performance in relation to their competitors driving profits and gaining more market share.
Answer:
The correct answer is letter "C": are usually bundles of skills and know-how that most often grow out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain.
Explanation:
Core competencies represent all the abilities employees of a company can contribute to improving efficiency and effectiveness. Competitive capabilities are those that allow a company to outstand its competitors' performance. Within a value chain, both core competencies and competitive capabilities must be effectively allocated to increase the firm's comparative advantage.
B. lead users
C. early followers
D. intrapreneurs
Answer:
Letter B is correct. Lead Users.
Explanation:
Term developed by prof. Eric von Hippel, Lead Users are those users who are able to transform, adapt and modify a company's product or service for their own benefit, as they face the same market needs a while before regular users.
For Prof Eric von Hippel, there are four steps in developing Lead Users:
The premise is that the Lead Users method is effective in identifying innovation and product trends that need to be developed for a market for your needs.
savings will grow at a rate of 2 percent per year indefinitely. The firm has a target
4.6 percent. The cost-saving proposal is somewhat riskier than the usual project the
firm undertakes; management uses the subjective approach and applies an adjustment factor of +3 percent to the cost of capital for such risky projects. Under what
circumstances should the company take on the project?
b. delegating authority to middle and lower-level managers and creating a sense of empowerment among employees to move the implementation process forward.
c. gathering information firsthand and gauging the progress beingmade.
d. learning the obstacles in the path of good execution and clearing the way for progress.
e. holding periodic ceremonies to honor people who excel in displaying the company values and ethical principles.
Answer:
E: Holding periodic ceremonies to honor people who excel in displaying the company values and ethical principles.
Explanation:
A, B, C and D all show the top-level excellence that a manager needs to take a lead on. E, however, does not. Although it'll be fun and joyful if the manager makes a ceremony to those who work efficiently, it's not a must. Hope this helps!
Answer:
Primary data
Explanation:
Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.
Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.
Answer: It drives down prices and increases the economic welfare of consumers.
Explanation:
Greenfield investment is a form of Foreign Direct Investment where the investors build a facility/ies in the host nation from scratch as opposed to buying or leasing one.
With increased competition from greenfield investments, consumers would be better off because there will be more quantity of the relevant good available in the market. This will lead to the prices falling and consumers being able to afford more of the good at higher qualities.
b. The cash account balance is $4,050.
c. Outstanding checks totaled $1,240.
d. Deposits in transit are $1,690.
e. The bank service charge is $81.
f. A check for $76 for supplies was recorded as $67 in the ledger.
Answer and Explanation:
The preparation of the bank reconciliation statement is shown below:
Cash balance as per bank $3,510
Add: Deposits in transit $1,690
Less: Outstanding checks -$1240
Adjusted bank balance $3,960
Cash balance as per books $4,050
Less: Bank service charge -$81
Less: Check for supplies error -$9 ($76 - $67)
Adjusted cash balance $3,960
Therefore both the balances are matched
A bank reconciliation ensures agreement between a company's financial records and the bank's records. For Blossom Company, the reconciled balance for July 31, 2022, is $3,960, after taking into account outstanding checks, deposits in transit, bank fees, and a check discrepancy.
A bank reconciliation is a process that ensures a company's financial records are accurate and in agreement with the bank's records. For Blossom Company, let's start with both the bank statement balance and the cash account balance.
Next, we consider the outstanding checks and the deposits in transit. These are transactions that the company recognizes, but the bank has not yet processed. The outstanding checks total $1,240 and the deposits in transit add up to $1,690. We need to subtract the checks from the bank's balance and add the deposits to the bank's balance:
New bank balance = $3,510 - $1,240 (outstanding checks) + $1,690 (deposits in transit) = $3,960
Next, we take into consideration the bank's service charges and any errors in the check record. The bank's service charge is $81, and a check recorded as $67 in the ledger should have been recorded as $76.
New cash account balance = $4,050 - $81 (bank service charge) - $9 (check discrepancy) = $3,960.
From our calculation, both the bank and cash balances match, so the bank reconciliation for July 31, 2022, for Blossom Company is complete, and the reconciled balance is $3,960.
#SPJ3