Table of Contents
- 1 What is a cost disadvantage?
- 2 When a company is good at performing a particular internal activity it is said to have?
- 3 What are disadvantages of cost accounting?
- 4 How do you find financial advantages and disadvantages?
- 5 What are two of the three best indicators as to how well a company’s strategy is working?
- 6 Which two factors inhibit the ability of rivals to imitate a firm’s most valuable resources and capabilities quizlet?
- 7 How do you find financial disadvantages?
- 8 What is the advantages of financial accounting?
What is a cost disadvantage?
A cost disadvantage means your business is unable to create, produce, acquire, transport or distribute goods to customers at rates equal to or better than competitors.
When a company is good at performing a particular internal activity it is said to have?
a distinctive competence is a competitively relevant internal activity that a firm performs especially well relative to other internal activities, whereas a core competence is a competitively important activity performed by key strategic allies.
Which two factors inhibit the ability of rivals to imitate a firm’s most valuable resources and capabilities?
Social complexity and causal ambiguity are two factors that inhibit the ability of rivals to imitate a firm’s most valuable resources and capabilities. Causal ambiguity makes it very hard to figure out how a complex resource contributes to competitive advantage and therefore exactly what to imitate.
What are disadvantages of cost accounting?
Limitations of Cost Accounting – Cost Accounting is Unnecessary, Cannot be Adopted by Small Business Concerns, Very Costly and Results are Misleading
- Cost Accounting is Unnecessary:
- Cost Accounting System cannot be adopted by Small Business Concerns:
- Cost Accounting System is Very Costly:
- Costing Results are Misleading:
How do you find financial advantages and disadvantages?
The financial advantage or disadvantage is calculated as the difference in costs between the variable alternatives. It is given that the contribution margin is $460,000, advertising cost is$270,000, salary expense is $32,000 and the insurance expense is $8,000.
What sets focused strategies apart from low-cost leadership?
What sets focused (or market niche) strategies apart from low-cost leadership and broad differentiation strategies is: their concentrated attention on serving the needs of buyers in a narrow piece of the overall market. a firm can lower costs significantly by limiting its customer base to a well-defined buyer segment.
What are two of the three best indicators as to how well a company’s strategy is working?
The three best indicators of how well a company’s strategy is working are (1) whether the company is achieving its stated financial and strategic objectives, (2) whether its financial performance is above the industry average, and (3) whether it is gaining customers and increasing its market share.
Which two factors inhibit the ability of rivals to imitate a firm’s most valuable resources and capabilities quizlet?
(company culture, interpersonal relationships among managers or R&D teams, trust-based relations with customers or suppliers) and causal ambiguity are two factors that inhibit the ability of rivals to imitate a firm’s most valuable resources and capabilities.
Which strategy a firm uses to compete across multiple businesses?
Corporate strategy is the strategy a firm uses to compete across multiple businesses. Many small firms want to grow by entering new businesses.
How do you find financial disadvantages?
What is the advantages of financial accounting?
Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties.