Why is it important for firms to differentiate themselves from competitors?
Question:
Why is it important for firms to differentiate themselves from competitors?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
It is important for firms to differentiate themselves from competitors for several reasons Competiti...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
Question Posted:
Students also viewed these Business questions
-
Part A Walmart Stores (Walmart) is the world's largest retailer. It employs an ''everyday low price'' strategy and operates stores as three business segments: Walmart Stores U.S., International, and...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
-
The open-loop transfer function of a unity feedback system is: 20 G(s) (s + 1.5)(s + 3.5)(s+ 15) (a) Design a lag-lead compensator for G(s) using root locus so that the closed-loop system satisfies...
-
What is trade credit? How important is it as a source of debt financing to small firms?
-
You work for a movie studio that is producing a young directors first motion picture, the story of a group of unknown musicians finding work and making a reputation in a competitive industry....
-
Estimate the model parameters for the gasoline mileage data using principalcomponent regression. a. How much has the residual sum of squares increased compared to least squares? b. How much shrinkage...
-
For the network in Problem 4, determine the earliest and latest activity times and the slack for each activity. Indicate how the critical path would be determined from this information.
-
3. (2 points) A binary tree data structure can be implemented as: template class Node { T key; Node *left; Node "right; }; template class Tree ( Node "root; }; 8 3 (10) 1 6 (14) 7 (13) Write a...
-
In what ways does a focus on a cost leadership strategy lead to a very different business model than a focus on a differentiation strategy?
-
What is a firms product/market scope? Why is the concept of product/market scope important in regard to crafting a successful business model?
-
The Home Depot is a leading specialty retailer of hardware and home improvement products and is the second-largest retail store chain in the United States. It operates large warehouse-style stores....
-
What are Direct and Indirect Expenses. Can you elaborate and explain? What is Variable vs. Fixed Expenses. Explain your Answer.
-
Dividends of $20,000 received from 5% owned corporation, together with dividends received deduction (assume that taxable income limit does not apply). What is the earnings & profits increase...
-
Gala's Store uses the weighted average cost method in a perpetual inventory system and reported the following inventory information in June: Date Transaction Unit cost Units June 1 Beginning...
-
Identify the four key financial statements in australian accounting that allow interested parties to evaluate the profitability and solvency of an organisation and briefly explain how each financial...
-
Identify changes to corporate income tax rates from the TCJA. Explain the impact these corporate income tax rate changes will have on net operating loss and tax credit carryforwards. Describe the...
-
What are the sources of income through which the tax benefit of a deferred tax asset can be realized?
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
What is the purpose of The Economics of the Business section of a business plan?
-
What is the difference between a concentrated and a fragmented industry?
-
What is a global industry?
-
i.. Explain how the Kraljic Matrix can be used for formulating category strategy for products/materials for construction company. is procuring. ii. Discuss two relevant products/materials under each...
-
Suppose a doctors order instructs the infusion of 240mL of a certain medicine over 60 minutes with a drip factor of 20 gtt/mL. (Note: gtt/mL means drops per milliliter.) Determine how many drops per...
-
Amaya Keele: Assume that the facility emits certain pollutants into The air. RCPC wishes to partially reconstruct the facility after its purchase for purposes of being able to run the facility for...
Study smarter with the SolutionInn App