Provide two examples of companies pursuing a low-cost strategy and two examples of companies pursuing a best-cost strategy and explain how their strategic targets are similar or different.
What will be an ideal response?
The strategic target of a low-cost provider like Walmart or Southwest Airlines are buyers looking for a basic product with few frills and thus at a low cost, while the target of best-cost providers like Trader Joe's or Virgin America (now part of Alaska Airlines) are the value-conscious buyers willing to pay for additional attractive attributes, appealing extras and functionalities, at a comparatively low price. Value-hunting buyers (as distinct from price-conscious buyers looking for a basic product at a bargain-basement price) often constitute a very sizable part of the overall market for a product or service.
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A roofing company collects fees when jobs are complete. The work for one customer, whose job was bid at $3,000, has been completed as of December 31, but the customer has not yet been billed. Assuming adjustments are only made at year-end, what is the adjusting entry the company would need to make on December 31, the calendar year-end?
A. Debit Accounts Receivable, $3,000; credit Roofing Fees Revenue, $3,000. B. Debit Cash, $3,000; credit Roofing Fees Revenue, $3,000. C. Debit Roofing Fees Revenue, $3,000; credit Accounts Receivable, $3,000. D. Debit Cash, $3,000; credit Accounts Receivable, $3,000. E. No adjustment is required.
Describe what a reverse supply chain is and why more attention as of late is being directed toward this area.
What will be an ideal response?
The nature and duration of visitation rights is determined by the parent who has legal custody without the involvement of the court
Indicate whether the statement is true or false
In the context of grit, the commitment to long-term goals through purposeful deliberate practice is called ___________.
a. resilience b. excellence c. conscientiousness d. perseverance