using business-level strategic alliances to hedge against risk and uncertainty is most common in the slow-cycle markets. group of answer choices true false
Answers
The statement "Using business-level strategic alliances to hedge against risk and uncertainty is most common in slow-cycle markets" is true because companies use strategic alliances as a primary source of business-level strategies in the slow-cycle markets.
Companies, regardless of their size, must be able to respond to changing market conditions and uncertainties to maintain their positions. However, uncertainty and risk increase as the environment becomes more complex, resulting in higher costs of resources, decreased innovation, and strategic flexibility.
Strategic alliances are an excellent way for businesses to hedge against the risk and uncertainty they face in the slow-cycle market since the market changes slowly.
Hence it is the best approach for risk and uncertainty hedging. In the slow-cycle markets, the strategic alliance can help companies to share resources, acquire new capabilities, and reduce the risk of investment.
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Related Questions
Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
Answers
The each winemaker's profit is 70000 and -250000 for Camille and Hortense respectively and Paulette's profit is - 10000.
Profit is the amount that the company earns over the cost of the production they have used in the business
Elaborating:For Paulette it is 120000-50000-80000= -10000
So this is calculated by deducting fixed and variable cost from revenue
Same will be for other two mentioned.
-70000 and -250000 for Camille and Hortense respectively
Variable costs:Costs that fluctuate in response to changes in the quantity of a product or service produced by a company are referred to as variable costs.The sum of marginal costs for all units produced constitutes variable costs. They can also be regarded as standard expenses. The total cost is made up of two parts: fixed costs and variable costs.
Costs that do not change when production or sales volumes increase or decrease are known as fixed costs. This is on the grounds that they are not straightforwardly connected with assembling an item or conveying a help. Consequently, fixed costs are regarded as indirect costs.
Question incomplete:Paulette, Camille, and Hortense each own wineries in France. They produce inexpensive, mass-market wines. Over the last few years, such wines sold for 7 euros per bottle, but with a global recession, the price has fallen to 5 euros per bottle. Given the information below, calculate each winemaker's profit. Winemaker Fixed Costs Variable Costs Recession Revenues Profits Paulette 50,000 80,000 120,000 Camille 100,000 40,000 70,000 Hortense 200,000 250,000 200,000
A. Paulette -10,000, Camille = -70,000, Hortense = -250,000
B. Paulette 40,000, Camille = 30,000, Hortense = -50,000
C. Paulette 70,000, Camille = -30,000, Hortense = 0
D. Paulette = 90,000, Camille = 10,000, Hortense = 150,000
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as the price of a good or service increases, consumers will purchase a lower quantity of that good or service due, in part, to the fact that consumers cannot afford the same quantity of a good or service at a higher price. this concept is known as the .(1 point)
Answers
The Law of Demand explains relationship between price and the quantity demanded of a product. And states that there exists an inverse relationship between the price of a product and the quantity demanded.
It is one of the most fundamental concepts in micro-economics. It works with the law of supply which attempts to explain how different economies allocate resources and determine the prices of various goods and services. Demand is derived from the law of diminishing marginal utility, which explains the use goods and services to satisfy consumers urgent needs.
However, by adding combined units of a good that consumer is willing to purchase at any given price, a market demand curve is constructed which slopes downward.
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Which of the following is not a reason that the subject line should never be
left blank?
• A. The receiver may be
confused and decide to delay opening it.
•
B. The receiver may think the message iS spam.
C. The email will not be transmitted without that information.
D. The receiver may not consider the message important.
Answers
Answer: C. The email will not be transmitted without that information is not a reason that the subject line should never be left blank. The email can be transmitted without a subject line, it just may be less likely to be opened or considered important by the receiver.
Explanation:
Answer:
C. The email will not be transmitted without that information.
A subject line is important in an email because it gives the receiver an idea of what the email is about and whether or not it is important or relevant to them. Leaving the subject line blank can cause confusion, delay the receiver opening the email or even mark it as spam, and make the receiver not consider the message important. But an email will be transmitted without a subject line, it's just that the receiver may not understand the content of the email.
When a company wants to design a new wireless headset it invited a group of interested users to comment on and try out various product prototypes during its design process. This is an example of what type of process?
Answers
Answer:
Testing process...?
Would have been better if given options...
This is an example of what type of process testing process.
What is the product testing process?
The four essential strategies of verification are Inspection, Demonstration, test, and evaluation. The four strategies are somewhat hierarchical in nature, as every verifies the necessities of a product or system with growing rigor.
Product trying out u.s. is a legitimate manner to get a risk to get a few virtually valuable merchandise totally free. but you want to be aware that it's far like a lottery – there is no guarantee you may get to test a product.
The Product trying out exercise gives consulting for automation engineering, solutions, and their validation; Interop and Certification for servers, switches, and storage; Infrastructure Validation and workload-based totally benchmarking for Datacenter provider providers.
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Which of the following should which of the following should be of concern when a company considers expanding into a new International market?
the country's legal system
the country's political stability
the education level of the workforce
all of the above
Answers
listed below are year-end account balances ($ in millions) taken from the records of symphony stores. debit credit accounts receivable $ 662 building and equipment 935 cash 57 interest receivable 37 inventory 36 land 158 notes receivable (long-term) 476 prepaid rent 35 supplies 13 trademark 41 accounts payable $ 615 accumulated depreciation 63 additional paid-in capital 477 dividends payable 27 common stock (at par) 18 income tax payable 56 notes payable (long-term) 877 retained earnings 286 deferred revenue 31 totals $ 2,450 $ 2,450 what would symphony report as total current assets? multiple choice $840 million $880 million $855 million $1,713 million
Answers
Symphony would report total current assets of $855 million.
Current assets are assets that are expected to be converted into cash or used up within one year.
How to calculate current assets ?We must sum together the following accounts in order to determine total current assets:
Receivables (662 million dollars)
($57 million) in cash
Interest Owed ($37,000,000)
Inventories ($36,000,000)
Rent Already Paid ($35 million)
Supplies ($13,000,000)
Thus, $662 + 57 + 37 + 36 + 35 + 13 = $855 million would be the calculation.Building and equipment, land, long-term loans receivable, trademarks, and deferred revenue are not regarded as current assets because they are not anticipated to be converted into cash or depleted within a year.To know more about current assets , check out :
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a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. what is the stock's beta?
Answers
a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. the stock's beta is 0.63.
In arithmetic and data, the deviation is a measure of the difference between the observed fee of a variable and a few other costs, often that variables suggest. The signal of the deviation reports the route of that difference (the deviation is high-quality whilst the determined cost exceeds the reference value). The importance of the value indicates the scale of the distinction. A deviation that may be a distinction between a found fee and the true price of an amount hobby (where genuine price denotes the anticipated cost, along with the population mean) is an error. A deviation that is the distinction between the determined value and an estimate of the real cost (e.G. The sample suggest; the expected value of a pattern can be used as an estimate of the anticipated price of the population) is a residual. These ideas are relevant to facts in the c programming language and ratio tiers of dimension.
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a(n) warranty guarantees that the product you buy will conform to the customary standards of the trade/industr
Answers
The purchase of a product is backed by an implied warranty that it will meet the accepted norms in the trade or industry.
A guarantee that is not expressed stated in writing or verbally is known as an implicit warranty. The Uniform Commercial Code's Article 2 regulates the selling of goods. An implicit warranty is instantly assumed with regard to the sale of goods or real estate, preventing the transfer of risk to the purchaser.
The presumption that the item you purchase will function is an illustration of an implied warranty. For instance, if you buy a washing machine, it is presumed that it will function and clean your clothing. The implied warranty that you receive when purchasing a sandwich from a deli is that it is edible.
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I am with the girl of my dreams, and I couldn't be happier!
Answers
Nice bro
YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesv
Answer:
Gj <333
Explanation:
Find the effective rate of interest if payments of 300 at the present, 200 at the end of one year, and 100 at the end of two years accumulate to 800 at the end of three years.
Answers
Answer:
12.93%
Explanation:
Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.
also amount accumulated in three years = 800
Applying the formula to find the future value we get
300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800
which can be further simplified to
300r^3+1100r^2+1400r+600=800
where, r is the effective rate of interest which we have to find out
The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get
r = 0.12926
r ≅ 0.1293
Therefore, effective rate of interest = 12.93%
True or false, An economist is examining how consumers in the automobile market have responded to recent price increases by car manufacturers. He is examining a microeconomic situation.
Answers
The economist examining how consumers in the automobile market have reacted to recent price boosts by car manufacturers is certainly examining a microeconomic situation. Therefore, the given statement is true.
A microeconomic situation refers to the analysis and study of individual economic units and their behavior within a specific market or industry. It focuses on the interactions between consumers, producers, and firms at a micro-level, examining the economic choices and decision-making processes of individuals and how they impact market outcomes.
In a microeconomic situation, economists study various factors such as supply and demand, pricing, production costs, market competition, consumer preferences, and the allocation of resources.
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the components of a merchandiser's multi-step income statement are shown below. in which order would they appear on the statement? instructions choice 1 of 5. expenses toggle button expenses choice 2 of 5. net income toggle button net income choice 3 of 5. gross profit toggle button gross profit choice 4 of 5. cost of goods sold toggle button cost of goods sold choice 5 of 5. net sales toggle button net sales
Answers
The order for the components of the multi-step income statement will be as follows:
1)Net sales
2)Costs of goods sold
3)Gross profit
4)Expenses
5)Net income
This is the order they would appear on the statement.
One of the two income statement types that firms can employ to report their profits is the multi-step income statement. An income statement with multiple steps lists a company's revenues, costs, and overall profit or loss for a certain reporting period.
It employs several equations to determine a company's net income and is a more thorough substitute for the single-step income statement. One of the three main financial statements that every corporation should create as part of financial accounting is an income statement, commonly known as a profit and loss statement.
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Which of the following claims is true?
A. The United States has a trade deficit in both goods trade and service trade.
B. The United States has a trade surplus in both goods trade and service trade.
C. The United States has a trade deficit in goods trade, but a surplus in service trade.
D. The United States has a trade surplus in goods trade, but a deficit in service trade.
Answers
The correct claim is C. The United States has a trade deficit in goods trade, but a surplus in service trade.
The United States has historically experienced a trade deficit in goods trade, meaning that the value of its imports of goods exceeds the value of its exports of goods. This is due to factors such as the high demand for imported goods and the comparative advantage of other countries in certain industries. However, the United States has consistently maintained a trade surplus in service trade. Services include sectors such as finance, insurance, technology, entertainment, and tourism. The U.S. is a major exporter of services, with industries like financial services, intellectual property, and entertainment contributing to its trade surplus in the service sector.
Therefore, option C accurately describes the trade balance of the United States, with a trade deficit in goods trade but a surplus in service trade.
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Nutrition assistance to millions of eligible, low-income individuals and families and provides economic benefits to communities. Hunger organization with a nationwide network of food banks. Provides home-delivered meals services to people who are unable to prepare their own meals.
Answers
Nutrition assistance is a crucial component of ensuring that low-income individuals and families have access to healthy and nutritious food.
Programs such as the Supplemental Nutrition Assistance Program (SNAP) provide much-needed financial support to those who struggle to afford groceries. This not only helps to combat hunger but also provides economic benefits to communities, as increased spending on food can boost local businesses. Food banks are another important resource in the fight against hunger. Organizations like Feeding America have a nationwide network of food banks that distribute millions of pounds of food to those in need each year. By partnering with local agencies, these food banks are able to reach even the most remote communities and provide support where it is needed most.
In addition to these efforts, many organizations also provide home-delivered meals services to those who are unable to prepare their own meals. This includes seniors, individuals with disabilities, and others who may be homebound. By ensuring that these individuals have access to healthy and nutritious meals, these programs help to promote better health and wellbeing and improve quality of life. Overall, these various nutrition assistance programs and services are critical to addressing the issue of food insecurity in our communities. By working together, we can ensure that everyone has access to the healthy and nutritious food they need to thrive.
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In 30-50 words, describe credit score
Answers
Answer:
A credit score is a three-digit number, typically between 300 and 850, designed to represent your credit risk, or the likelihood you will pay your bills on time.
Credit scores are calculated using information in your credit reports, including your payment history, the amount of debt you have, and the length of your credit history. Higher scores mean you have demonstrated responsible credit behavior in the past, which may make potential lenders and creditors more confident when evaluating a request for credit.
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Answers
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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If productivity increases significantly and demand is not very elastic, what is likely to happen?
A
B. Fewer workers will be needed.
C. Division of labor will decrease.
D. Demand will increase.
The number of consumers will increase.
Please select the best answer from the choices provided
A
OB
D
Answers
Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
B
Explanation:
what did dwight eisenhower explain as the opportunity cost of the nuclear buildup due to scarcity?
Answers
The opportunity cost of the nuclear buildup due to scarcity, as explained by Dwight Eisenhower, was that resources, both financial and human, that would have been used to fund other projects or initiatives were instead diverted to the nuclear buildup.
This, in turn, limited the ability of the government to fund other programs and initiatives that may have been of economic and social benefit.
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost."
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Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?
Answers
Answer:
20 days
Explanation:
The full meaning of PRWOR is Personal Responsibility and Work Opportunity Reconciliation Act of 1996 of the U.S..
PRWOR is a detailed bipartisan welfare reform plan that brought a change to the U.S. welfare system in a dramatic way whereby time-limited assistance is required to be exchange for work.
One of the contents of PRWOR is that it mandates an employer report a new employee within 20 days after the employee initially commencing work by filing a new hire reporting form.
Therefore, according to PRWOR, an employer report a new employee must report a new employee 20 days after initially commencing work.
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In the healthcare field, there are face-to-face types of jobs and behind-the-scenes jobs. What is the difference between the two? PLEASE give an example of each with your answer.
Answers
Answer:
The answer is below
Explanation:
Face-to-face types of jobs is usually a clinical job that involves the practice or activities of carrying out the diagnosis, treatment, and actual care. For example Physician, Nurse, Surgical Assistant, Medical lab technician, etc.
On the other hand, Behind-the-scenes jobs in the healthcare fields are usually non-clinical jobs, while it may involve interaction with the patients, it does not involve the practice of medical testing or treatments. For example Medical billers and Coders, Transcriptionists, Hospital executives, Receptionists, etc.
The difference between the two is that some doctors meet with the patient and observe their symptoms. Other doctors diagnose what a patient may have by using the knowledge the other doctors provide them with.
Example of a doctor who interacts with the patient face-to-face:
pediatrician
Example of a doctor who works behind the scenes:
Intensevist
Todd owns a barber shop. His total monthly cost is $3,800. He charges $40 per customer. How many customers must Todd provide a haircut service to, to break even each month
120
55
95
110
Answers
List 5 common sections that are included in a résumé.
Answers
Answer: Contact Information
Accomplishments/Achievements
Education
Work Experience
Career Narrative
Explanation:
Answer:
Contact Information
Accomplishments/Achievements
Education
Work Experience
Career Narrative
Explanation:
Did the shift of the federal budget from deficit to surplus during the 1990s weaken aggregate demand?It weakened both aggregate demand and the growth of the economy.It occurred without weakening either aggregate demand or the growth of the economy.It occurred without weakening aggregate demand, but did slow down the growth of the economy.It weakened aggregate demand, but did not slow down the growth of the economy.
Answers
Answer:
Option B (It occurred without weakening either aggregate demand or the growth of the economy) is the appropriate choice.
Explanation:
There was a low unemployment rate, increased efficiency as well as higher demand in the US economy throughout 1998 and 2008. In those years, the ICT industry was at its height as well as the GDP growth of the Us economy would have been at its height, beginning between 1998-2001 and lasting until the 2008 subprime mortgage crisis. U.S. aggregate demand has also improved leading to increased job rates including GDP growth of about 4 percent every year and a rise and the per capita income.Some other options offered are not relevant to something like the situation described. So, the option here is just the best one.
bonds that are not secured by specific property are called group of answer choices debentures. blanket mortgage bonds. open-end mortgage bonds. chattel mortgage bonds.
Answers
Debentures are bonds that are not secured by specific property or assets and instead rely on the creditworthiness of the issuer. Thus, Option A is correct.
Debentures are a form of unsecured debt, meaning they do not have any collateral backing them up. Instead, investors rely on the issuer's ability to make interest payments and repay the principal amount at maturity. Debentures are typically issued by corporations or governments to raise funds for various purposes such as capital expenditures, mergers and acquisitions, or to refinance existing debt.
They are considered riskier than secured bonds but often offer higher yields to compensate investors for the added risk.
This question should be provided with answer choices, which are:
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what is the example for companies passing on extra costs to customers used in the presentation in regard to declining profit margins?
Answers
Oil is the example for companies passing on extra costs to customers used in the presentation in regard to declining profit margins.
Presentation is a method of conveying information from speaker to audience. A presentation is usually a demonstration, introduction, lecture or speech designed to enlighten, persuade, inspire, motivate, build goodwill or promote an idea/product.
Preparation, organization, event planning, writing, using visual aids, managing stress, and answering questions are all common requirements for presentations. Presentations are often used in third-tier businesses, such as when an accountant provides detailed reports on a company's finances or when an entrepreneur presents their business proposal to investors.
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Given that c = $1,000 0.60yd, if the level of disposable income is $1,000, the level of saving is:_____.
Answers
According to the given statement the level of saving when the disposable income is $1,000 is -$600.
Given that c = $1,000 + 0.60yd, where c represents consumption and yd represents disposable income, we can determine the level of saving when the disposable income is $1,000.
To find the level of saving, we need to subtract the consumption from the disposable income. In this case, the disposable income is $1,000.
Let's substitute the values into the equation:
c = $1,000 + 0.60yd
c = $1,000 + 0.60 * $1,000
To calculate the value of c, we multiply 0.60 by $1,000:
c = $1,000 + $600
c = $1,600
Now, we can find the level of saving by subtracting the consumption from the disposable income:
Saving = Disposable Income - Consumption
Saving = $1,000 - $1,600
Saving = -$600
The level of saving when the disposable income is $1,000 is -$600.
It is important to note that a negative saving value indicates that the individual is spending more than their disposable income. This could mean that they are borrowing or using savings to cover their expenses.
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HELP ASAP
Match each of Maslow's Hierarchy Tiers to examples of needs in that tier.
Answers
The needs are physiological (food and clothes), safety (work security), love and belonging needs (friendship), esteem, and self-actualization going up the hierarchy in order. Prior to addressing needs higher up the hierarchy, people must attention to those lower down.
1. Physiological needs, such as air, food, water, shelter, clothes, warmth, sex, and sleep, are biological necessities for human survival.
The human body cannot function at its best if these demands are not met. Maslow regarded physiological needs as being more significant than all other wants because, unless these needs are addressed, all other needs become secondary.
2. Demands for safety - after a person's physiological desires are met, their needs for safety and security become apparent. The family and society can meet these needs (e.g. police, schools, business, and medical care).
3. Love and belongingness requirements - Following the satisfaction of physiological and safety needs, the third level of human needs is social and entails a sense of belonging. A human being's emotional need for interpersonal connections, affiliation, connectedness, and group membership is known as belongingness. Friendship, closeness, trust, acceptance, receiving and giving affection, and love are a few examples of belongingness demands.
4. The Maslow hierarchy's fourth level, esteem needs, includes respect, self-worth, and achievement. Maslow divided esteem requirements into two categories: the need for respect or repute from others, and the need for regard for oneself (dignity, achievement, mastery, independence) (e.g., status, prestige).
5. self-actualization- Maslow's hierarchy of needs places fulfillment of one's potential, the pursuit of personal improvement, and awe-inspiring experiences at its highest level. This level, according to Maslow (1943), is the drive to achieve one's full potential and maximize one's potential. One person might, for instance, have a tremendous desire to become the perfect parent. In another, the urge might manifest itself in the arts, sciences, or sports.
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you+plan+to+invest+in+securities+that+pay+11.2%,+compounded+annually.+if+you+invest+$5,000+today,+how+many+years+will+it+take+for+your+investment+to+grow+to+$9,140.20?
Answers
It will take approximately 6 years for your investment to grow to $9,140.20.
In order to determine how many years it will take for your investment to grow to $9,140.20 if you plan to invest in securities that pay 11.2%, compounded annually and invest $5,000 today is to use the formula of compound interest. WORD COUNT 100Let's consider the formula of compound interest. It is given as: A = P (1 + r/n)^(nt)Where, A is the final amount, P is the principal, r is the interest rate, n is the number of times the interest is compounded in a year, and t is the time period in years. Now, Let's insert the values in the formula: $9,140.20 = $5,000 (1 + 0.112/1)^(1t). Divide both sides by $5,000.1.82804 = (1.112)^t. ln 1.82804 = t ln 1.112t = ln 1.82804 / ln 1.112t = 6.000 or 6 years (approx). Hence, it will take approximately 6 years for your investment to grow to $9,140.20.
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First mover advantage (Timing of entry) benefit Uber enough to risk such an ambitious project. Give your opinion and reason it. (1Marks, Min words 100)
Answers
The first mover advantage was instrumental in Uber's success as it allowed the company to establish its presence, build a strong customer base, and create a brand that became synonymous with ride-hailing. However, it is also important to recognize that sustaining this advantage requires ongoing innovation, adaptation to changing market dynamics, and effective management of competition and regulatory challenges.
In my opinion, the first mover advantage played a significant role in benefiting Uber and justifying its ambitious project. Uber was able to establish itself as a dominant player in the ride-hailing industry by entering the market early and disrupting the traditional taxi industry. Here are a few reasons why I believe the first mover advantage benefited Uber:
1. Market capture: By being the first to introduce a user-friendly and convenient ride-hailing platform, Uber captured a significant share of the market before competitors could establish a strong presence. This early market dominance allowed Uber to build a large customer base and establish its brand as synonymous with ride-hailing.
2. Network effects: The first mover advantage allowed Uber to quickly attract both riders and drivers to its platform. As more riders joined Uber, the demand for drivers increased, leading to a larger pool of available drivers. This positive feedback loop created network effects, making Uber more attractive to both riders and drivers compared to new entrants.
3. Brand recognition: Being the first to market gave Uber an opportunity to establish its brand and create a strong brand image. This brand recognition and association with convenience and innovation helped Uber differentiate itself from competitors and gain customer loyalty.
However, it is important to note that while the first mover advantage provided significant benefits to Uber, it also came with risks and challenges. Uber faced regulatory hurdles, legal battles, and resistance from the taxi industry. Additionally, being the first in a market means that there is a learning curve and potential for mistakes and missteps. Uber had to navigate these challenges and adapt its business model to overcome obstacles and sustain its success.
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elow is information relative to an exchange of similar assets by a company. Assume the exchange has commercial substance.
Old Equipment Cash
Book Value Fair Value Paid
$ 49,800 $ 60,000 $ 14,000
The company would record the new equipment at:
Multiple Choice
$49,800.
$60,000.
$74,000.
$63,800.
3
Answers
The company would record the new equipment at $63,800.
When an exchange of similar assets occurs with commercial substance, the company records the new equipment at the fair value of the old equipment plus any cash paid or received.
In this case, the fair value of the old equipment is $60,000, and the cash paid is $14,000. Therefore, the total amount to be recorded for the new equipment is $60,000 + $14,000 = $74,000. However, since the old equipment has a book value of $49,800, which is lower than the fair value, a gain of $60,000 - $49,800 = $10,200 is recognized. Therefore, the net amount recorded for the new equipment would be $74,000 - $10,200 = $63,800.
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