The purchase by a household in China of a CD produced in the United States is included in U.S.

The concept that involves introducing less-expensive versions of established, brand name products is called "good-value pricing. Option (B) is correct answer.

Good value pricing is the offering of "just the right combination of quality and good service at a reasonable price" to clients.

This implies that the price of the item will be such that the product has a good value that justifies the price of the product for the consumers. Companies achieve this by creating fewer frills in their products or by lowering the production and marketing costs of a product.

In contrast to value-added pricing, which involves the inclusion of additional features and services for which consumers are eager to pay a premium, good value pricing is concerned with offering a product with no additional features and services but at a lower cost than competitors.

Good value pricing is important for businesses because it enables them to remain competitive in the market while also providing consumers with a product that meets their requirements at a lower cost.

This aids in the maintenance of customer loyalty while also attracting new customers who are seeking for lower-priced options. This pricing method can also be used to enter new markets or target certain client groups that are price-sensitive.

The concept that involves introducing less-expensive versions of established, brand name products is called "good-value pricing. Option (B) is correct answer.

Learn more about good value pricing https://brainly.com/question/27124956

#SPJ11

A/B testing shows the actual performance of ads in terms of awareness, cost efficiency, or sales and those that don't do well may be dropped.

A/B testing can help you optimize your marketing efforts and get better results by allowing you to compare two different versions of a marketing element, such as an ad or landing page, against each other. A/B testing can be done on a variety of marketing elements, including email subject lines, landing pages, call-to-action buttons, and ad copy. A/B testing can help businesses increase their conversion rates by providing actionable insights into what works and what doesn't work in their marketing efforts. It can help businesses identify the elements that are most effective at driving conversions, and it can help them optimize those elements to get even better results.

In conclusion, A/B testing shows the actual performance of ads in terms of awareness, cost efficiency, or sales and those that don't do well may be dropped. A/B testing can help businesses optimize their marketing efforts and get better results by providing actionable insights into what works and what doesn't work in their marketing efforts.

Learn more about A/B testing here: https://brainly.com/question/14957436

#SPJ11

Small businesses have the advantage of being able to specialize in specific markets due to their smaller size and more intimate understanding of customer needs. So, the statement is true.

Small business is a type of business that is privately owned and operated, has fewer employees, and has smaller revenues than large corporations.

Small companies account for a significant portion of the country's economic activity, as well as the majority of new employment opportunities.

A small business has a greater ability to serve specialized markets than a large corporation. This is due to the fact that small businesses have more time, energy, and resources to devote to a particular niche.

Small businesses can devote more attention to the needs of a particular client or a group of clients, which leads to the creation of more individualized goods and services.

This individual attention can result in a strong reputation, word-of-mouth advertising, and greater profits in the long term.

Therefore, it is correct to say that "One of the biggest advantages that a small business has is a greater ability to serve specialized markets." So, it is True.

Learn more about Small businesses here:

https://brainly.com/question/27968241

#SPJ11

The difference between the economic classes of the key characters in the fisher king is suggested visually by: Set Decoration, Ma/keup, and Costum/ing.

The Fisher King is a 1991 film that depicts the lives of several characters with different economic backgrounds. The main character, Jack Lucas, is a successful radio personality who enjoys a wealthy lifestyle and lives in a spacious apartment in New York City.

On the other hand, Pa/rry, a homeless man with a troubled past, lives on the streets and relies on charity to survive. Lydia Sinclair, Jack's gir/lfri/end, is a wealthy businesswoman who owns a fashionable clothing store and enjoys a luxurious lifestyle. Finally, Anne Napolitano, a shy and introverted video store clerk, appears to have a more modest lifestyle, but her financial situation is not explicitly mentioned in the film.

The film uses these characters' economic classes to explore themes of wealth and poverty, privilege and disadvantage, and the impact of economic status on individual lives.

Read more about fisher king

brainly.com/question/28942091

#SPJ1

Helly Cook launched a social network for chefs recently.

One thing she is considering is establishing a group of specialists who can provide her with ongoing guidance and advice about the future of her company.Therefore, a panel of experts is critical for the business's growth, success, and direction. As it helps in decision-making and making informed choices.

The board of experts should have a wealth of experience in business strategy, technology, and industry trends. The experts will provide guidance on specific aspects of the business that need improvement, such as marketing or product development.

Helly will be able to meet with her board of experts regularly to discuss the development of her business in the future.

These experts will provide her with vital information on the market, the competition, and new technologies to stay on the cutting edge. In the end, it can be concluded that the formation of a board of experts is essential for the growth of Helly's social network for chefs.

To know more about decision-making click on below link:

https://brainly.com/question/13244895#

#SPJ11

The given statement, "Before engaging in the actual presentation to a prospect, a salesperson should limit the amount of time they invest. Then, after the first meeting, the salesperson will have a better idea of how to proceed," is false (F) because this may lead to a lack of preparation and understanding.

This statement is incorrect because limiting the amount of time invested before the actual presentation may lead to a lack of preparation and understanding of the prospect's needs and preferences, potentially leading to a poor first impression and lost opportunity.

It's essential for a salesperson to invest the necessary time and effort in understanding their prospect's needs and preferences before engaging in the actual presentation, as this can significantly impact the outcome of the meeting. Rushing through the initial phase of the sales process may result in a missed opportunity or failed deal.

It's crucial to establish a strong foundation of trust and understanding with the prospect before presenting any solutions or products. By investing adequate time and effort before the first meeting, salespeople can better tailor their approach to meet the prospect's unique needs, increasing the chances of success.

Learn more about salesperson https://brainly.com/question/25743891

#SPJ11

The Federal Reserve System acts as lender of last resort to businesses in general. The Federal Reserve System, also known as the Fed, is the United States' central banking system.

It was formed on December 23, 1913, after the US Congress passed the Federal Reserve Act, which established the nation's central banking system and set the framework for a stable financial system.

The Federal Reserve is divided into 12 Federal Reserve banks that serve as the central bank's regional arms. The main responsibility of the Federal Reserve is to oversee the country's monetary policy, regulate financial institutions, and stabilize the nation's financial system in times of economic crisis by acting as a lender of last resort.

It is responsible for conducting monetary policy by influencing the supply and demand of money and credit in the economy. The Federal Reserve acts as lender of last resort to businesses in general.

The Federal Reserve's role as a lender of last resort means that it provides emergency loans to banks, businesses, and governments to ensure that they can meet their financial obligations even during economic downturns.

The Federal Reserve provides these loans at low-interest rates to banks in financial distress, preventing the systemic risk of financial collapse.

For more such questions on Federal Reserve System

https://brainly.com/question/29971440

#SPJ11

True. Advertising uses visual components and words to help consumers form an expectation about what they will experience in store. Visual components like images and graphics, as well as words like slogans and taglines, are used to create an emotional response and elicit a desired action from the consumer. This can include driving sales, creating brand loyalty, or promoting awareness.

Visual components in advertising can create associations with a brand and give customers an idea of what they can expect from the store. For example, an outdoor store might use an image of a rugged mountain landscape to associate itself with adventure and physical activity. Words, on the other hand, can be used to create a narrative and promote certain attributes about the store. A tagline might suggest that customers will get exceptional value for their money or that their customer service is top notch.

Advertising with visuals and words can be an effective way to give customers an idea of what they can expect from the store. This can include product or service quality, price, customer service, store atmosphere, and more. As a result, customers can form expectations about what they will experience when they go to the store, which can help drive sales and create brand loyalty.

To know more about Advertising using  visual components refer here :

https://brainly.com/question/17242228

#SPJ11

According to the assumption of the risk defense, a defendant may avoid liability by establishing that the plaintiff voluntarily and unreasonably encountered the risk of the actual harm that the defendant caused.

The assumption of the risk defense is used when a plaintiff is aware of the risks involved in an activity and voluntarily chooses to participate despite the risk. In such a case, the defendant can claim that the plaintiff assumed the risk and cannot hold the defendant liable for any injuries resulting from the activity.

To use this defense, the defendant must prove that the plaintiff voluntarily and unreasonably encountered the risk. The plaintiff cannot recover damages if the assumption of the risk defense is successful.

In conclusion, according to the assumption of the risk defense, a defendant may avoid liability by establishing that the plaintiff voluntarily and unreasonably encountered the risk of the actual harm that the defendant caused.

Learn more about assumption of the risk defense here:

brainly.com/question/21897362

#SPJ11

The first hurdle faced by a government when applying fiscal policy is the recognition lag.

The recognition lag refers to the time it takes for policymakers to recognize that the economy is experiencing a problem that requires intervention.

This lag can occur because it takes time for data to be collected, analyzed, and interpreted. For example, it may take several months for unemployment data to be collected and analyzed, and for policymakers to recognize that unemployment rates are rising.

Once policymakers have recognized that there is a problem, they must then decide on an appropriate course of action. This decision-making process can also involve a lag, known as the decision lag. Once a decision has been made, it may take time for the policy to be implemented, which is known as the implementation lag.

Learn more about fiscal policy here:

https://brainly.com/question/6583917

#SPJ11

The total cost to be accounted for is $357,915 and the total cost accounted for is also $357,915.

The June 1 work-in-process inventory consists of 4,300 units with $15,240 in materials cost and $12,760 in conversion cost, making the total cost of the June 1 inventory $28,000 ($15,240 + $12,760).

During June, 36,800 units were started into production, costing a total of $151,215 ($114,000 for overhead + $37,215 for materials + $0 for direct labor).

The June 30 work-in-process inventory consists of 9,000 units with $18,000 in materials cost and $9,000 in conversion cost, making the total cost of the June 30 inventory $27,000 ($18,000 + $9,000).

Adding together the June 1 and June 30 Work in Process inventory totals gives us the total cost to be accounted for, which is

$357,915 ($28,000 + $151,215 + $27,000 = $357,915).

Since the Completed and Transferred to Finished Goods was the same as the total cost to be accounted for, the total cost accounted for is also $357,915.

To learn more about “total cost” refer to the https://brainly.com/question/25109150

#SPJ11

Four Federal Reserve Bank presidents are appointed for one-year terms on a rotational basis. The revolving seats are filled by one bank president from each of the four groupings of banks: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Washington, D.C.

The Federal Reserve Banks are the most recent entities established by the United States government to perform central banking tasks. Previous institutions included the United States' First (1791-1811) and Second (1818-1824) Banks, the Independent Treasury (1846-1920), and the National Banking System (1863–1935).

Many policy issues have emerged in relation to these organisations, including the extent to which private interests have power, the balancing of regional economic concerns, the avoidance of financial panics, and the sort of reserves used to underpin currency.

Learn more about Federal Reserve Bank

https://brainly.com/question/30002356

#SPJ4

The double-declining balance method is a kind of accelerated depreciation method. It means that this method recognizes more depreciation in the earlier years and lesser in the later years of the asset's useful life.

The formula for calculating the double declining balance method is as follows;

Depreciation = 2 x Straight-line depreciation rate x Book Value at the beginning of the year

Straight-line depreciation rate = 100 / Estimated life of an asset in years

For example, let's assume that a piece of machinery has a useful life of 4 years and it costs $20,000.

Here's how to calculate the depreciation using the double declining balance method:

Year 1: Book value at the beginning of the year = $20,000Depreciation = 2 x (100/4) x $20,000 = $10,000Book value at the end of the year = $20,000 - $10,000 = $10,000

Year 2: Book value at the beginning of the year = $10,000Depreciation = 2 x (100/4) x $10,000 = $5,000 Book value at the end of the year = $10,000 - $5,000 = $5,000

Year 3: Book value at the beginning of the year = $5,000Depreciation = 2 x (100/4) x $5,000 = $2,500 Book value at the end of the year = $5,000 - $2,500 = $2,500

Year 4:Book value at the beginning of the year = $2,500Depreciation = 2 x (100/4) x $2,500 = $1,250Book value at the end of the year = $2,500 - $1,250 = $1,250

The total depreciation for the four years using the double declining balance method is $19,750.

For more such questions on double-declining

https://brainly.com/question/24296752

#SPJ11

Lead management is a process designed to identify, qualify, and prioritize sales opportunities, whether they represent potential new customers or opportunities to generate additional business from existing customers. Identify, Qualify, and Prioritize 优先考虑

It assists businesses in determining who to approach, how to approach them, and when to do so.The main goal of lead management is to optimize lead-to-sale conversions while reducing lead leakage or missed sales opportunities. It includes processes like lead capturing, tracking, nurturing, and converting. In simple terms, it involves finding leads, tracking their progress, and converting them into customers.

Lead management is critical to the success of a company since it allows for better identification of high-quality leads, increased customer retention, and improved conversion rates. The process of lead management, if executed correctly, can improve the overall sales and marketing productivity, streamline the sales pipeline, and improve the customer experience.

Learn more about Lead management here: https://brainly.com/question/30082567

#SPJ11

A, D, and E are true regarding permanent and temporary accounts.            

Which statements are true regarding permanent and temporary accounts?                                                                                       The statement that is true regarding permanent and temporary accounts are as follows:                                                                       A. Temporary accounts have a balance for one period only. (True)Temporary accounts are accounts that report revenues, expenses, and dividends paid to shareholders that occur during a single period, such as a quarter or a year. At the end of each period, all temporary accounts must be closed and their balances moved to a permanent account. B. Temporary accounts are reported on the income statement. (True)Temporary accounts are closed at the end of each period, and the net income or loss is transferred to a permanent account such as retained earnings. The income statement is used to report the revenues and expenses of a company.                                                                                               C. Retained earnings is a permanent account, but dividends are a temporary account. (True)Retained earnings is a permanent account that tracks the amount of profit a company has earned and kept since its inception. Dividends, on the other hand, are a temporary account that are closed at the end of each period.                                                                         D. Permanent accounts will appear on a post-closing trial balance. (True)Permanent accounts are not closed at the end of the accounting period, and their balances are carried over to the following accounting period. The closing entries will not affect permanent accounts. As a result, they appear on a post-closing trial balance.                                                          E. Permanent accounts are reported on the balance sheet. (True)Permanent accounts are accounts that are not closed at the end of the accounting period, and their balances are carried over to the following accounting period. The balance sheet is used to report the assets, liabilities, and equity of a company.                                                                                 F. Temporary accounts will appear on a post-closing trial balance. (False)Temporary accounts are closed at the end of each period, and their balances are transferred to a permanent account such as retained earnings. Temporary accounts will not appear on a post-closing trial balance.

for more questions on  accounts

https://brainly.com/question/11116094

#SPJ11

Most of today's world trade takes place in the group of trade blocs comprised of Western Europe, Asia, and the Americas. This is because of the combined economic power of these three regions and their well-established trade connections.

What are Trading blocs?

Trading blocs are groups of countries that participate in trade agreements to promote economic cooperation and reduce trade barriers. The trade blocs that contribute the most to world trade are the North American Free Trade Agreement (NAFTA), the European Union (EU), and the Association of Southeast Asian Nations (ASEAN). These blocs account for a significant portion of global trade.

A trade bloc is a type of intergovernmental agreement that encourages trade between its members. Trade agreements can benefit countries by allowing them to exchange goods and services, leading to economic growth and job creation. Trade blocs are often created by regional organizations, but can also be established through bilateral agreements.

So. the answer is C

learn more about Trading blocs here:

https://brainly.com/question/528876

#SPJ11

The cost of the ending inventory according to the balance sheet given here using the first-in, first-out inventory costing method is $59.

To find the cost of the ending inventory using the first-in, first-out (FIFO) inventory costing method, follow these steps: 1. Identify the purchase dates and costs of the items:

April 5 - $10

April 10 - $12

April 15 - $14

April 20 - $16

April 22 - $17

Determine the number of units sold: One unit is sold on April 25.

Apply the FIFO method: Since one unit is sold, the first unit purchased (April 5 - $10) will be removed from the inventory.

Calculate the cost of the ending inventory: The remaining units and their costs are:

April 10 - $12

April 15 - $14

April 20 - $16

April 22 - $17

Add up the costs of the remaining units: $12 + $14 + $16 + $17 = $59 Cost of the ending inventory: $59.

Learn more about Ending inventory here:

https://brainly.com/question/29889929

#SPJ11

The combination of firms producing the same kind of product is called an industry. An industry is a group of companies that produce similar or related products or services.

Examples of sectors include agriculture, finance, manufacturing, mining, and healthcare. Sectors are divided into subcategories based on the goods or services they produce. The definition of a particular industry is based on the goods or services produced and the factors that contribute to their production, including labor, capital, and equipment. The objective of any industry is to provide goods or services that consumers require or desire at the best possible price .In general, the term industry refers to a broad category of firms that share common characteristics.

The businesses within an industry may compete against one another, or they may collaborate in certain ways to achieve common goals, such as establishing standards, promoting their products or services, or sharing resources.

For more such questions on industry

https://brainly.com/question/7719501

#SPJ11

The Federal Reserve announcing a new interest rate policy will affect the Federal Funds rate.

The Federal Funds rate is the rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight. It is the main tool used by the Federal Reserve to implement monetary policy.

The Federal Reserve will use the Federal Funds rate to influence the real interest rate, which is the rate of interest earned after taking into account the effect of inflation. The Federal Reserve can use the Federal Funds rate to increase or decrease the real interest rate.

An increase in the Federal Funds rate can lead to an increase in the consumer lending rate, which is the rate of interest paid by consumers on loans such as credit cards, auto loans, and mortgages. When the Federal Reserve increases the Federal Funds rate, banks and other lenders tend to increase their own lending rates as well, leading to higher borrowing costs for consumers. Finally, the nominal interest rate is the stated or advertised rate of interest before adjusting for inflation. This rate typically does not change with the Federal Reserve's announcement of a new interest rate policy.

In conclusion, the Federal Reserve's announcement of a new interest rate policy will affect the Federal Funds rate, which will have an impact on the real interest rate, consumer lending rate, and nominal interest rate.

for more questions on Federal Reserve

https://brainly.com/question/382312

#SPJ11

People in the group of adopters who are usually highly respected by their peers and tend to be opinion leaders who are willing to talk to other people about their experiences with their purchases are the (D) early adopters.

Early adopters are a group of consumers who are among the first to adopt a new product or technology. They tend to be educated, tech-savvy, and opinion leaders who are well-respected in their social circles. They are also more likely to take risks and try new things, making them an important target market for companies launching new products.

Therefore, the correct answer to the multiple choice question is: (D) Early adopters.

You can learn more about Early adopters at

https://brainly.com/question/13839517

#SPJ11

Option B, "It will enable them to be effective leaders across different cultures and political systems," is not the reason for the managers in companies with no foreign operations require a global perspective.

Having a global perspective helps managers to be aware of the competitive landscape and any potential threats that may arise from foreign competitors. It also helps them to understand and navigate different cultural and political environments when dealing with customers, partners, and suppliers from different parts of the world.

However, the second reason mentioned in the statement, which is that a global perspective will enable managers to be effective leaders across different cultures and political systems, is not necessarily true. While a global perspective may provide some insight into different cultural norms and values, it does not guarantee effective leadership in diverse environments.

Effective leadership requires a combination of knowledge, skills, and experience in managing people and teams from different backgrounds. Thus, Option B is correct.

Learn more about global perspective https://brainly.com/question/28291134

#SPJ11

Betty is the sole proprietor of her beauty salon, and thus, must report any business income or expenses from her salon on Schedule 1 of Form 1040. She must report any income earned from her apartment building as well.

A sole proprietorship is a business owned and operated by one individual.

Betty's Schedule 1 of Form 1040 would look like this:

Schedule 1: Additional Income and Adjustments to Income

Interest income: $14,975

Gross business income (from Schedule C): $88,760

Cost of goods sold (from Schedule C):

Salaries paid to beauticians: $46,550

Beauty salon supplies: $23,640

The total cost of goods sold: $70,190

Gross profit (line 2 minus line 3): $18,570

Other income:

Rental revenue from apartment building: $35,540

Gross income (line 1 plus line 4 plus line 5): $68,085

Adjustments to income:

Self-employment tax deduction: $1,312

Contributions to charity: $5,029

Total adjustments to income: $6,341

Adjusted gross income (line 6 minus line 7): $61,744

Learn more about sole proprietorship here:

https://brainly.com/question/12913114

#SPJ11

The largest source of tax revenue in the United States is the personal income taxes.

Personal income taxes are taxes that are levied on an individual's income, including wages, salaries, and other forms of income such as interest, dividends, and capital gains. These taxes are collected by the federal government as well as by state governments, and are typically progressive, meaning that individuals with higher incomes pay a higher tax rate.

According to the most recent data from the Internal Revenue Service (IRS), personal income taxes accounted for approximately 50% of all federal tax revenue in 2019, making it the largest source of tax revenue in the United States. Other sources of federal tax revenue include payroll taxes, corporate income taxes, excise taxes, and estate and gift taxes.

Learn more about income tax here:

https://brainly.com/question/25257355

#SPJ11

if a property sells for $250,000 and the lender provided the buyer with a $200,000 loan, the LTV ratio is 80%.

To calculate the loan-to-value (LTV) ratio, we need to divide the amount of the loan by the sale price of the property and then express the result as a percentage.

LTV = (Loan amount / Sale price) x 100%

In this case, the loan amount is $200,000 and the sale price of the property is $250,000. Therefore, the LTV is:

LTV = ($200,000 / $250,000) x 100%

LTV = 0.8 x 100%

LTV = 80%

Therefore, the LTV ratio is 80%.

Learn more about LTV ratio here:

https://brainly.com/question/29039854

#SPJ11

Sole proprietorships are limited in their options for raising money. These options include B) financing using the proprietor's personal resources and C) financing the business through debt.

A sole proprietorship is an unincorporated company that is solely owned and controlled by one person who is legally responsible for all aspects of the company's business. Since there is no legal division between the individual and the company, the proprietor has full control over the business and is responsible for its profits and losses.

Most importantly, the sole proprietorship is an inexpensive and simple business structure, but it has limited options for financing.

The following are some of the options available to a sole proprietorship for raising money:

Thus, the options for raising money in a sole proprietorship include financing using the proprietor's personal resources and financing the business through debt.

Learn more about Sole proprietorships at

https://brainly.com/question/1428003

#SPJ11

The bureaucratic principles proposed by Fayol and Weber are most likely to apply to an organization that has a strict hierarchy and formalized procedures.

What are bureaucratic principles? Bureaucratic principles are the rules and regulations that govern the day-to-day operations of an organization. Henri Fayol and Max Weber proposed these principles, which are still in use today. Weber believed that organizations should be hierarchical and that workers should have specified duties and responsibilities.

Formalized procedures and rules, as well as standardized operations, were also part of his perspective. Fayol's bureaucratic principles focused on the administrative side of an organization, including managerial duties and responsibilities.

You can read more about bureaucratic principles at https://brainly.com/question/30270579

#SPJ11

C. A business plan is what the bank expects from Janet in this scenario. It includes a rationale for the business, an explanation of how it will achieve its goals, an analysis of the competition, and estimates of income and expenses, among other information.

What is a business plan?

A business plan is a written document that summarizes the objectives, strategies, and financial projections of a business.

A business plan describes the concept of the business, outlines the problems it solves, summarizes the market opportunity, lists out the business's planned goals and objectives, and provides a step-by-step plan to meet those objectives. It includes how the business will generate revenue and become profitable, among other things.

The financial plan is a critical part of a business plan. This plan includes sales forecasts, expense forecasts, cash flow statements, balance sheets, and income statements. It can take anywhere from a few weeks to a few months to put together a business plan.

To learn more about cash flow statement, refer below:

https://brainly.com/question/29768594

#SPJ11

The current book value of a fixed asset that was purchased 2 years is used in the computation of E) MACRS depreciation for the current year.

Modified Accelerated Cost Recovery System (MACRS) depreciation is a tax accounting technique that depreciates assets faster than the straight-line method over a specified period of time, resulting in higher tax deductions in the early years of an asset's life.

MACRS depreciation, which stands for Modified Accelerated Cost Recovery System, is a method of depreciating assets for tax purposes. The IRS mandates this depreciation method, which is a method of cost recovery for tangible assets. The tax code sets out the procedures for determining depreciation deductions on tax returns for property that is subject to depreciation. The MACRS, which is a tax accounting technique, offers an accelerated depreciation schedule that enables companies to recover a significant portion of the cost of an asset in the first few years of its useful life.

Learn more about Modified Accelerated Cost Recovery System (MACRS) here: https://brainly.com/question/27386781

#SPJ11

a) is that the net operating income will increase by $20 per month. To calculate this, we add the additional $2 of variable expense per unit to the existing $8 of variable expense per unit, which equals $10 of total variable expense per unit. We then multiply this by the 10 units of increased sales, which equals $100. We then subtract the $100 from the original $80 of net operating income, resulting in an increase of $20 per month.

B) higher-quality components should be used depends on the company's overall objectives. If the company is looking to increase profits and/or improve customer satisfaction, then the higher-quality components may be a good option. The increase in variable expense will be offset by the increase in unit sales, and customers would likely appreciate the improved quality. On the other hand, if the company is looking to keep costs down, then the higher-quality components may not be the best option. Ultimately, the decision should depend on the company's goals and budget.

Know more about Net operating income here:-

https://brainly.com/question/28524695#

#SPJ11

The given statement "offering employee benefits as an entitlement could undermine competitive advantage" is true. If a business offers a wide range of employee benefits, it can potentially make them less competitive in terms of costs and may lead to a decrease in profits.

In addition, offering employee benefits as an entitlement can lead to an increase in costs over time as companies struggle to remain competitive. As employees become increasingly dependent on their employer's benefits, businesses may need to expend resources.

Employee benefits as an entitlement can also make it more difficult for businesses to attract and retain talent. If employees become too reliant on their benefits packag, they may not feel the need to search for a job that offers better opportunities or to stay with the same company,

Finally, offering employee benefits as an entitlement could create an unfair competitive advantage in the marketplace. This could lead to businesses being forced to cut costs or reduce employee benefits in order to remain competitive.

Know more about employee benefits here:

https://brainly.com/question/18114583

#SPJ11