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What are the advantage of holding inventory?
Advantage of holding inventory is the reduction of risk of out of inventory and loss of sales and also availing any good sales opportunity which may be loss due to lack of enough inventory stock.
What costs do purchasers of digital products incur in their transactions?
Digital purchasers will have to pay for taxes, shipping and the cost of the product. Manufacturers and retailers pass on all the costs associated with the product.
What are the advantage of fixed cost?
When costs are fixed, you know what they are from month to month and can budget accordingly.
If the actual level of activity is 4 percent less than planned then the costs in the static budget should be reduced by 4 percent before comparing them to actual costs true or false?
FALSE according to my calculations it's false.
What are several ways that IT could provide a competitive advantage to a business?
IT can provide an advantage because many people can be reached through messages sent on the Internet. The use of computerized systems also ensures that a business cuts down on certain costs.
Does Mexico have a Competitive Advantage?
Yes. It is bordering the largest free market in the world; as such, there are reduced costs of transportation of finished goods. This, combined with cheap labor costs, allow for higher return of investment.
What are the advantage of holding inventory?
Advantage of holding inventory is the reduction of risk of out of inventory and loss of sales and also availing any good sales opportunity which may be loss due to lack of enough inventory stock.
Duties and responsibilities of a cost accountant?
Cost accountants analyze all transactions involving costs to an organization or individuals. They use facts to trace all transactions and analyze fixed versus variable costs.
What are the advantages of outsourcing?
Reduced labor costs.
Why would a firm want to incur transaction cost?
Firms would not want to incur transactions costs. In fact, firms would much prefer to have zero transactions costs, since that would maximise their profits.
Excavated waterways that reduced shipping costs?
canals
The Erie Canal reduced the cost of shipping goods in the East by how much?
The Erie Canal reduced the costs of shipping by 90%.
Advantages of netwrking computers?
Resource sharing and often reduced costs.
What are some benefits of staying at a hotel resort?
There are a number of potential benefits to staying at a hotel resort. Convenience is the biggest advantage in knowing that everything is on site including dining and shopping. There is often hotel entertainment and travel costs are reduced.
What are the benefits of universal standards?
reduced search costs for consumerbecomes simpler, faster, and more accurate price discoverylower market entry costs for merchants
The costs for firms operating on a global scale have been drastically reduced by what?
The Internet
What is the terms for the acts of buyers and sellers freely engaging in the market transactions?
variable costs the right answer is ....voluntary exchange
