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How does value innovation achieve sustained competitive advantage for the innovating company?
How does value innovation achieve sustained competitive advantage for the innovating company?

Innovation is one of the keys to growing your business and increasing its competitiveness that you can include in your strategic planning process. It can help you to improve your productivity, reduce ...

What should be included in a business impact analysis?
What should be included in a business impact analysis?

Business Continuity Management is essential for every organisation in order to ensure that your business can survive even in the face of crises or disasters, and a Business Impact Analysis (BIA) is ...

Is there any relationship between brand personality and human personality?
Is there any relationship between brand personality and human personality?

ABSTRACT - The goal of this article is to test the applicability of a human personality scale (Saucier, 1994) to brands. The test is conducted by means both of confirmatory factor analysis and of ...

What are the five basic competitive strategies?
What are the five basic competitive strategies?

Competitive strategy is a long-term action plan of a company which is directed to gain competitive advantage over its rivals after evaluating their strengths, weaknesses, opportunities and threats in ...

Which manufactured product is most likely produced in a factory with a fixed
Which manufactured product is most likely produced in a factory with a fixed

In the latter decades of the 20th century, the creation of new lean production methods set the standard for process improvement and created the framework for the Lean Manufacturing movement.  By ...

What are the types of strategies that you learned from strategic management?
What are the types of strategies that you learned from strategic management?

Probably like you, I am a believer that the right strategy ensures a successful outcome, and that the wrong -or outdated- strategy wastes valuable resources, and needlessly delays the results. The ...

Which of the following is not normally associated with activity-based costing
Which of the following is not normally associated with activity-based costing

Students should practice Activity Based Costing (ABC) – Corporate and Management Accounting CS Executive MCQ Questions with Answers based on the latest syllabus.Activity Based Costing (ABC) – ...

In the cost approach to valuation which factors of depreciation are considered
In the cost approach to valuation which factors of depreciation are considered

The cost approach is one of the three real estate valuation methods, the other two approaches being the income approach and the sales comparison approach. You will need to know a little bit about ...

What is the difference between competitive strategy and competitive advantage?
What is the difference between competitive strategy and competitive advantage?

When you have got an excellent product and great customer service but want to gain market share, it is probably time to think about how to get ahead of the competition and stand out from the crowd. ...

What are the three 3 intensity levels of distribution?
What are the three 3 intensity levels of distribution?

Marketing dictionaryDistribution Intensitythe level of availability selected for a particular product by the marketer; the level of intensity chosen will depend upon factor such as the production ...

Product cost consists of the sum of prime cost and conversion cost.
Product cost consists of the sum of prime cost and conversion cost.

Image source: Getty Images Prime costs are the sum of direct material and direct labor. Here’s how to calculate and interpret prime costs in your small business. On the invisible tool belt that all ...

What is the difference between managerial accounting and management accounting?
What is the difference between managerial accounting and management accounting?

The identification, measurement, analysis, and interpretation of accounting information for internal decision-makingWhat is Managerial Accounting?Managerial accounting (also known as cost accounting ...

All the following are examples of quality cost except
All the following are examples of quality cost except

What are Quality Costs?Quality costs are the costs associated with preventing, detecting, and remediating product issues related to quality. Quality costs do not involve simply upgrading the ...

The stand-alone method may use selling price or unit costs to allocate revenues.
The stand-alone method may use selling price or unit costs to allocate revenues.

CHAPTER 15ALLOCATION OF SUPPORT-DEPARTMENT COSTS,COMMON COSTS, AND REVENUES15-1 The single-rate (cost-allocation) method makes no distinction between fixed costs and variable costs in the cost pool. ...

What is the best strategy for purchasing and supply?
What is the best strategy for purchasing and supply?

When procurement strategy is aligned with the business goals, expect up to 3.8x higher ROI. Read on strategy types and follow a step-by-step template to develop one.Marharyta Golobrodska30 Mar ...

What activities occur in a channel of distribution?
What activities occur in a channel of distribution?

The distribution channel is the path that a product or service takes in order to be sent from the manufacturer to the customer. If the customer bought the product or service straight from the ...

What is an exit strategy and why is it important to have one in entrepreneurship?
What is an exit strategy and why is it important to have one in entrepreneurship?

While the words ‘business exit’ might have negative connections, a clear business exit strategy simply means you are prepared for a successful transition – whatever that looks like for you and ...

What are the 4 means of growth occurring within the Product Market Growth Matrix?
What are the 4 means of growth occurring within the Product Market Growth Matrix?

Ansoff Matrix: this article explains the Ansoff Matrix by Igor Ansoff in a practical way. It covers an Ansoff Matrix example, what the Ansoff growth matrix is, along with an explanation of the four ...

Whats the price of a 2023 Ford Focus?
Whats the price of a 2023 Ford Focus?

2023 Ford Focus Much has been said about the fourth-generation Ford Focus RS hot hatch that has yet to be revealed, with new reports claiming it has been canceled but is it really happening?According ...

What company is using a corporate strategy of differentiation?
What company is using a corporate strategy of differentiation?

Normally when we discuss strategic differentiation, we focus on marketplace differentiation. The best companies are typically those that can identify a distinctive niche, and then fulfill the needs ...

PyCon 2023 location
PyCon 2023 location

Python is everywhere. Its running some of your favorite apps, its used in companies worldwide, it even runs governments. Python has a massive impact, not only in the computing world, but the entire ...

What are two correct statements about AWS organizations with consolidated billing?
What are two correct statements about AWS organizations with consolidated billing?

Consolidated Billing Cloud ServicesAWS lets you manage several accounts from a central location.The central location allows you to have one bill cross all the accounts.Many accounts, one single ...

The differentiation strategy would utilize which training and development activity
The differentiation strategy would utilize which training and development activity

As students with diverse learning styles fill the classroom, many teachers don’t always have the time, or spend additional hours to plan lessons that use differentiated instruction (DI) to suit ...

What is a focused low cost strategy?
What is a focused low cost strategy?

What you’ll learn to do: explain the stages of strategy, and describe the common types of business strategiesThe strategic management process starts with knowing the vision and mission, formulating ...

Which of the following is a cost pool used with the activity-based costing method?
Which of the following is a cost pool used with the activity-based costing method?

Traditionally, in a job order cost system and process cost system, overhead is allocated to a job or function based on direct labor hours, machine hours, or direct labor dollars. However, in some ...

What is generally the most costly method for a business to enter a foreign market?
What is generally the most costly method for a business to enter a foreign market?

Global business Explore the major ways of entering foreign markets to find out which best suits your business and strategic goals.If you have a product or service that you’d like to offer in ...

What is the difference between domestic and international strategy?
What is the difference between domestic and international strategy?

Domestic marketing caters to a much smaller domain with lesser customers. International marketing caters to several global markets with a much larger customer base.Table of ContentsDomestic vs ...

Is a cost incurred by a company in manufacturing a product or delivering a service?
Is a cost incurred by a company in manufacturing a product or delivering a service?

Cost of Production: The Ultimate GuideHow do you know if a production order made a worthwhile profit? You do this by calculating the cost of production, but what does that mean? Cost of production ...

Describe two approaches used to manage cooperative strategies.
Describe two approaches used to manage cooperative strategies.

Chapter 6: Supporting the Business-Level Strategy: Competitive and Cooperative Moves Know the four types of cooperative moves.Understand the benefits of taking quick and decisive action.In addition ...

ETIAS May 2023
ETIAS May 2023

A New Travel Authorisation for EU Visitors Meet ETIAS, the European Travel Information and Authorisation System - Coming in 2023. ETIAS.com is your source for the latest news, requirements and ...

What are the important guidelines to follow in writing routine replies?
What are the important guidelines to follow in writing routine replies?

Communication is central to getting things done at work. There’s no doubt that routine email messages are the mainstay of information-sharing in the workplace, although business communication is ...

What would be the total external failure cost appearing on the quality cost report?
What would be the total external failure cost appearing on the quality cost report?

Quality Glossary Definition: Cost of qualityCost of quality (COQ) is defined as a methodology that allows an organization to determine the extent to which its resources are used for activities that ...

How can investors exit the venture?
How can investors exit the venture?

For many businesses, external investment opens up whole new opportunities.But while it can bring about higher ambition, it can also raise expectations. Ultimately, you’ll need to deliver a return ...

How a cost plan can assist in managing costs and its use over the project life cycle?
How a cost plan can assist in managing costs and its use over the project life cycle?

DefinitionCost planning and control is the estimation of costs, the setting of an agreed budget, and management of actual and forecast costs against that budget.Definition from APM Body ...

What are the three 3 basic decisions a firm need to take when entering other markets?
What are the three 3 basic decisions a firm need to take when entering other markets?

Introduction to Topic 7 Discussion Notes The Topic Discussion Notes provide you with a brief summary of the essential concepts to master in each Topic and the major Learning Outcomes. Specifically, ...

Sample situation that will explain the alignment of HR planning to strategic planning
Sample situation that will explain the alignment of HR planning to strategic planning

The Value of PlanningJames stumbled into his position as the human resource manager. He had been working for Techno, Inc. for three years, and when the company grew, James moved from a management ...

What is an example of going concern principle?
What is an example of going concern principle?

The going concern concept states that a business will continue with its operations for the foreseeable future. The concept assumes that the company won’t be forced to discontinue its operations or ...

What is the property value using the cost approach?
What is the property value using the cost approach?

Cost approach valuation is a real estate valuation method that bases a property’s market value off the cost it would take to build an equivalent structure. The cost approach takes into account the ...

Under variable costing, the profit for a period is not affected by changes in inventory
Under variable costing, the profit for a period is not affected by changes in inventory

Recommended textbook solutionsIntermediate Accounting14th EditionDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield1,471 solutions Fundamentals of Financial Management, Concise Edition10th ...

Why is it important to evaluate both the strategy formulation and implementation stage?
Why is it important to evaluate both the strategy formulation and implementation stage?

Learning OutcomesExplain the stages of strategy.Explain Porter’s general types of competitive strategies.Explain e-commerce strategy.IntroductionThe previous sections have examined the role of ...