You are starting your own business and must do an industry and competitive situation analysis to determine where you stand with the competition. Describe the forces of the competitive situation analysis and explain the importance of this analysis.
What will be an ideal response?
Answers will vary but should address the five forces of the competitive analysis, which are rivalry among competing sellers in the industry, threat of substitute products and services, potential new entrants, power of suppliers, and power of buyers. It is important to create a competitive situation analysis so you know where your business stands in the global village and to see if you should remain in (or enter) the market or not.
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Uniq Works purchased raw materials amounting to $126,000 on account and $16,000 for cash
The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? A) Accounts Payable 126,000 Cash 16,000 Raw Materials Inventory 142,000 B) Finished Goods Inventory 142,000 Accounts Payable 142,000 C) Work-in-Process Inventory 142,000 Accounts Payable 142,000 D) Raw Materials Inventory 142,000 Cash 16,000 Accounts Payable 126,000
The authors state that empirical tests of purchasing power parity "have, for the most part, not proved PPP to be accurate in predicting future exchange rates."
The authors then state that PPP does hold up reasonably well in two situations. What are some reasons why PPP does not accurately predict future exchange rates, and under what conditions might we reasonably expect PPP to hold? What will be an ideal response?
A variance must be approved by the Board of Adjustment
Indicate whether the statement is true or false
What is a subnet mask?
What will be an ideal response?