A first-mover advantage is
A. the ability of later market entrants to achieve long-term competitive advantages by not being the first to offer a certain product in a marketplace.
B. the ability of an innovative company to achieve long-term competitive advantages by being the first to offer a certain product in the marketplace.
C. the result of a company matching a core competency to opportunities it has discovered in the marketplace.
D. a combination of circumstances and timing that permits an organization to take action to reach a particular target market.
E. the selection of a target market and the creation of a marketing mix that will satisfy the needs of that target market.
Answer: B
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The amount of the adjusting entry for insurance equals the amount of insurance used
Indicate whether the statement is true or false
With trade, a country will maximize its satisfaction when it
a. moves to the highest possible indifference curve. b. forces the marginal rate of substitution to its lowest possible value. c. consumes more of both goods than it does in autarky. d. finds its marginal rate of substitution exceeding its marginal rate of transformation.
Mountain Gear has been using the same machines to make its name brand clothing for the last five years. A cost efficiency consultant has suggested that production costs may be reduced by purchasing more technologically advanced machinery. The old machines cost the company $100,000. The old machines presently have a book value of $60,000 and a market value of $6,000. They are expected to have a five-year remaining life and zero salvage value. The new machines would cost the company $50,000 and have operating expenses of $9,000 a year. The new machines are expected to have a five-year useful life and no salvage value. The operating expenses associated with the old machines are $15,000 a year. The new machines are expected to increase quality, justifying a price increase, and thereby
increasing sales revenue by $5,000 a year. Select the true statement. A. The company will be $20,000 better off over the 5-year period if it keeps the old equipment. B. The company will be $11,000 better off over the 5-year period if it replaces the old equipment. C. The company will be $12,000 better off over the 5-year period if it replaces the old equipment. D. The company will be $6,000 better off over the 5-year period if it replaces the old equipment.
When the FIFO cost flow assumption is used, the equivalent units will always equal the actual units in beginning work in process inventory, plus the actual units started and completed during the current period plus the percent of ending work in process inventory completed during the current period
Indicate whether the statement is true or false