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The British Columbia Institute of Technology provides on its Web site practical applications of statistics at mechanical engineering firms. A roll of plastic-coated wire has an average of 0.8 flaw per 4-meter length of wire. Suppose a quality-control engineer will sample a 4-meter length of wire from a roll of wire 220 meters in length. If no flaws are found in the sample, the engineer will accept the entire roll of wire.
Required:
a. What is the probability that the roll will be rejected?
b. What assumption did you make to find this probability?
Answers
The probability that a 4-meter length of wire from a roll of wire 220 meters in length will be rejected is:
P(rejected) = 1 - P(accepted) = 0.1296The assumption made to find the probability is that the probability of finding a flaw in any given 4-meter length of wire is independent of the probability of finding a flaw in any other 4-meter length of wire.
How do you find the probability that will be accepted?To find the probability that the roll will be accepted, we need to find the probability that no flaws are found in the sample. Since the average number of flaws per 4-meter length of wire is 0.8, the probability that a 4-meter length of wire has no flaws is:
P(no flaws) = (1 - (0.8/4))^4 = 0.1296
Therefore, the probability that the roll will be accepted is 1 - 0.1296 = 0.8704.
Finally, the probability that the roll will be rejected is 1 - 0.8704 = 0.1296.
Therefore, the correct answer is as given above
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If British pounds sell for $1.30 (U.S.) per pound, what should dollars sell for in pounds per dollar?
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Solution :
British pound is the name of the currency of the country England.
It is given that the value of one British pound is $ 1.30 in terms of dollar.
i.e. $ 1.30 = 1 Pound
Now calculation for the dollar sells for in pounds per dollar is given by :
\($1 \text{ dollar} = \frac{1}{1.30} \ \text{pound}$\)
\($1 \text{ dollar} = 0.76 \text{ pound}$\)
Therefore, 1$ is 0.76 pound.
Thus, 1 dollar sells for in 0.76 pound per dollar.
North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.
Account Titles Debit Credit
Cash $ 11,200
Accounts Receivable 5,200
Prepaid Rent 2,240
Equipment 20,200
Accumulated Depreciation $ 1,180
Accounts Payable 1,180
Income Tax Payable 0
Common Stock 24,000
Retained Earnings 1,300
Sales Revenue 47,080
Salaries and Wages Expense 24,200
Utilities Expense 11,700
Rent Expense 0
Depreciation Expense 0
Income Tax Expense 0
Totals $ 74,740 $ 74,740
Other data not yet recorded at December 31:
1. Rent expired during the year, $1,120.
2. Depreciation expense for the year, $1,180.
3. Utilities used and unpaid, $8,200.
4. Income tax expense, $310.
Required:
Indicate the accounting equation effects of each required adjustment. (Enter all amounts as positive values.)
Answers
Answer and Explanation:
The accounting equation effects of each required adjustment is shown below:-
Transactions Assets
a. Prepaid rent - $1,280
b. Accumulated
depreciation - $1,180
c. NE
d. NE
Transactions = Liabilities + Stockholders' Equity
a. NE Rent expenses -$1,280
b. NE Depreciation expenses -$1,180
c. Accounts payable + $8,200 Utilities expenses -$8,200
d. Income tax payable + $310 Income tax expense -$310
If you were to make an advertisement using the three word technique what three words would you use
example: powerful, brilliant, useful
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Answer:
convenient, durable, easy
Mantle Publications publishes a golf magazine for women. The magazine sells for $4.00 a copy on the newsstand. Yearly subscriptions to the magazine cost $36 per year (12 issues). In December 2016, Mantle Publications sells 4,000 copies of the golf magazine at newsstands and receives payment for 6,000 subscriptions for 2017. Financial statements are prepared monthly.
a. Indicate the accounts increased or decreased to record the December newsstand sales and subscriptions received.
b. Indicate the accounts increased or decreased for the necessary adjustment on January 31, 2017. The January 2017 issue has been mailed to subscribers.
Answers
Answer:
Accounting uses the Revenue recognition principle which means that a business should only recognize revenue when it has provided the service for which it was paid for.
a.
Date Account Title Debit Credit
12/31/2016 Cash $16,000
Sales Revenue $16,000
Working
= 4,000 issues sold for December * $4 per copy
= $16,000
Date Account Title Debit Credit
12/31/2016 Cash $216,000
Unearned Subscription Revenue $216,000
Working
= 6,000 subscriptions * $36 per subscription
= $216,000
b.
Date Account Title Debit Credit
12/31/2016 Unearned Subscription Revenue $18,000
Sales revenue $18,000
Working
= 216,000 * 1/ 12 months
= $18,000
Why consumer is important in economy?; How is the economy affected by wise consumers?; How does consumer demand affect a company's ability to make profit?; What is the consumer demand?
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Taxes go to pay for the following as what percentage of the GDP: a) Social Security 2.7%, National Defense 11.9%, and Medicare 4.9% b) Social Security 30.1%, National Defense 10.5%, and Medicare 4.2% c) Social Security 4.9%, National Defense 3.1%, and Medicare 2.9% d) Social Security 6.6%, National Defense 5.7%, and Medicare 12.1%
Answer: c) Social Security 4.9%, National Defense 3.1%, and Medicare 2.9%
Answers
Taxes go to pay for GDP in the following way:
Social Security 4.9%, National Defense 3.1%, and Medicare 2.9%
What are taxes?These are the amounts that businesses and individuals that are paid workers pay to the government on a monthly business.
Taxes are a way that the country is able to fund a lot of its social security programs.
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The payments you make on your automobile loan are given in terms of dollars. As prices rise you notice you give up fewer goods to make your payments. _____________
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Answer:
Explanation:
The scenario in this question happens because the dollar amount you pay for the loan is a nominal value, meaning the face value of when it was issued and not its market value. While the number of goods you give up is a real value. In other words, the goods you give up have a real value which is adjusted for inflation and is measured based on the value of other items. Which is why you notice giving up fewer goods because they are worth more every time.
An account is a record of increases and in a specific asset, liability, equity, revenue or expense.
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An account is a record of every transaction, whether it increases or decreases the value of a specific asset, liability, equity, revenue, or expense.
What is an account?An Account is a systematic way to record all the necessary transactions relating to a specific asset, liability, equity, revenue, or expense.
An account contains all types of transactions, whether related to financial or non-financial.
Thus, an account records all types of transactions that will increase or decrease the value of the specific asset, liability, equity, revenue, and expense.
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Identify the "entities", "processes" and "Data Store" associated with the Data Flow Diagram as it pertains to the Training Program Requirements provided below. You are not required to create a Data Flow Diagram. Training Program Requirements: After conducting the annual performance review of the employee, the Manager identifies employee's training needs. The Manager assigns various trainings from the training catalog database that is available in the Learning Management System. The information related to the training needs are stored in the individual Employee's Training Record and periodically reviewed to assess the progress on training. During the course of the year, the employee attends various trainings identified by the Manager. The Employee's Training Record is updated as- and-when the employee completes trainings. There is a Master Training Record which stores information about all the employees' training activities , and is used by the HR Director to assess the overall training progress of all employees . When writing your response please type it as follows in bullet points: Entities: Processes : Data Store:
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Answer:
Entities:
ManagerEmployeeHR DirectorProcesses:
Conducting annual performance reviewIdentifying employee training needsAssigning trainings from training catalog databaseStoring information in individual Employee's Training RecordReviewing individual Employee's Training Record to assess progress on trainingAttending trainingsUpdating Employee's Training Record when training is completedStoring information in Master Training RecordAssessing overall training progress of all employees using Master Training RecordData Store:
Training catalog databaseLearning Management SystemIndividual Employee's Training RecordMaster Training RecordHow does a realistic market potential estimate affect small business success?
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Answer:
Estimating market size is a crucial first step in the development of any startup or small business. And it really doesn't matter what industry you're in — or want to be in — getting an accurate picture of your market size reveals insights that can drive both the present and future success of your business.
At December 31, 2017 Rice Company had 300,000 shares of common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2017 or 2018. On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Rice declared a 100% stock dividend on its common stock. Net income for 2018 was $1,140,000. In its 2018 financial statements, Rice's 2018 earnings per common share should be
A. $1.80.
B. $1.89.
C. $3.60.
D. $3.80.
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Answer:
A. $1.80
Explanation:
Earnings per share = (Net Income - Preferred dividend) / Weighted average outstanding common shares
Earnings per share = (1140000 - 10000*100*6%) / (300000 + 300000)
Earnings per share = $1.80 per share
So, Rice's 2018 earnings per common share should be $1.80 per share
Why does the quantity a supplier is willing to give go up when the price goes up
Answers
Explain the holistic marketing dimensions in details using the examples of Nestle bangladesh Ltd.
Answers
Answer: Th answer is given below
Explanation:
Under holistic marketing, the whole of a business is being taken into consideration. Here, the different department in the organization all come together as one and engage in marketing activities in order to achieve organizational goals.
In holistic marketing, the stakeholders, workers, suppliers, customers are all taken into consideration during the creation of marketing strategies. This is vital for building a stronger brand as a positive image is being projected projecting by the organization through the interactions of customers with the brand.
Nestlé is a Health and Wellness Company. It has a large geographical presence, and also make huge sales. Nestlé follows the holistic marketing as every field of nutrition is being considered by the company. This include milk products, chocolate, mineral water, ice cream, infant formula, confectionery, instant coffee, frozen ready-made meals etc.
Lastly, Nestlé builds long-lasting relationships with everyone that's one way or the other related to the company such as its workers, stakeholders, clients etc. The company also treats its employees well as it knows that a satisfied workforce will bring about a better relationship with customers and increase in customers satisfaction.
Whispering Winds Corp. has the following inventory data: July 1 Beginning Inventory 37 units at $18 $666 7 Purchases 129 units at $19 2451 22 Purchases 18 units at $20 360 $3477 A physical count of merchandise inventory on July 30 reveals that there are 46 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is
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Answer:
Whispering Winds Corp.
Using the FIFO inventory method, the amount allocated to cost of goods sold for July is:
= $2,585
Explanation:
a) Data and Calculations:
Date Description Units Unit Cost Total Cost
July 1 Beginning Inventory 37 $18 $666
July 7 Purchases 129 $19 2,451
July 22 Purchases 18 $20 360
July 30 Total available 184 $3,477
July 30 Ending inventory 46
July 30 Units sold 138
Cost of goods sold, using FIFO inventory method:
Date Description Units Unit Cost Total Cost
July 1 Beginning Inventory 37 $18 $666
July 7 Purchases 101 $19 1,919
Total cost of goods sold = $2,585
Ending inventory = $892 (18 * $20 + 28 * $19)
If a company's scope is too big what is likely to happen?
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Answer:
The company will lose direction and focus.
Explanation: ;)
00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
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The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
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The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
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Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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PLEASE HELP ILL LITERALLY DO ANYTHING I NEED THIS ASAP!!!!!
A marketer of automobiles wants to introduce a new model using a message
that combines visuals, music, words, and action. Which category of
advertising media will best meet this marketer's goals?
A. Television
B. Magazines
C. Radio
D. Outdoor
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Answer: Probably television.
Explanation: TV ads have visuals, music, words, and action.
What is the role of manager in the organization
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The role of a manager is to plan, organize, lead, and control. Managers need to be able to increase efficiency and effectiveness of their employees
Managers just don't go out and haphazardly perform their responsibilities. Good managers discover how to master five basic functions: planning, organizing, staffing, leading, and controlling.
Planning: This step involves mapping out exactly how to achieve a particular goal. Say, for example, that the organization's goal is to improve company sales. The manager first needs to decide which steps are necessary to accomplish that goal. These steps may include increasing advertising, inventory, and sales staff. These necessary steps are developed into a plan. When the plan is in place, the manager can follow it to accomplish the goal of improving company sales.
Organizing: After a plan is in place, a manager needs to organize her team and materials according to her plan. Assigning work and granting authority are two important elements of organizing.
Staffing: After a manager discerns his area's needs, he may decide to beef up his staffing by recruiting, selecting, training, and developing employees. A manager in a large organization often works with the company's human resources department to accomplish this goal.
Leading: A manager needs to do more than just plan, organize, and staff her team to achieve a goal. She must also lead. Leading involves motivating, communicating, guiding, and encouraging. It requires the manager to coach, assist, and problem solve with employees.
Controlling: After the other elements are in place, a manager's job is not finished. He needs to continuously check results against goals and take any corrective actions necessary to make sure that his area's plans remain on track.
All managers at all levels of every organization perform these functions, but the amount of time a manager spends on each one depends on both the level of management and the specific organization.
Roles performed by managers
A manager wears many hats. Not only is a manager a team leader, but he or she is also a planner, organizer, cheerleader, coach, problem solver, and decision maker — all rolled into one. And these are just a few of a manager's roles.
In addition, managers' schedules are usually jam‐packed. Whether they're busy with employee meetings, unexpected problems, or strategy sessions, managers often find little spare time on their calendars. (And that doesn't even include responding to e‐mail!)
In his classic book, The Nature of Managerial Work, Henry Mintzberg describes a set of ten roles that a manager fills. These roles fall into three categories:
Interpersonal: This role involves human interaction.
Informational: This role involves the sharing and analyzing of information.
Decisional: This role involves decision making.
Table 1 contains a more in‐depth look at each category of roles that help managers carry out all five functions described in the preceding “Functions of Managers” section.
1. If you are attending a two-year school and plan to transfer to a four-year school, you should
O select only easy courses while you are at a two-year school.
O complete courses that may not transfer.
O transfer without any help from an adviser.
O choose your major early.
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Answer:
Complete courses that may not transfer.
Explanation:
Transferring from a Two-Year College to a Four-Year College. If this is your plan, be sure that the classes you enroll in not only meet the requirements for your associate's degree but can also be put toward a bachelor's degree at the four-year colleges you're considering.
I may not be right but I tried.
Answer:
O select only easy courses while you are at a two-year school.
Explanation:
For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting).
a. On December 7, Oklahoma City Thunder sold a $90 ticket to a basketball game to be played in March.
b. Tesla sold and delivered a $58,000 car on December 25. The customer will not pay until February.
c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. On December 31, 75% of the services have been completed.
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The accrual concept of recognizing revenue in the period that the transaction occurs and not when payment is received agrees with the matching principle. Revenue should be recognized to match with the recognition of costs incurred for earning the revenue.
Situations Amount of Revenue Recognized in December
a. Ticket Sales $0
Revenue
b. Sales $58,000
Revenue
c. Contract $7,500 ($10,000 x 75%)
Revenue
Thus, for situation (a), no revenue is recognized in December since the game will be played in March. For situation (b), the $58,000 is fully recognized in December, notwithstanding that the customer will pay in February. For situation (c), only 75% of the revenue is recognized in December to agree with the percentage of completion.
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Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
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Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
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Hi can someone help!
The most direct wat for Johnathan to gain on the job experience and earn money while attending school is to apply for:
a. Private Loan
b. A work study program
c. Federal financial aid
d. Scholarships
Answers
Answer:
a work study program...........
Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabilities of operating at 30,000 hours and 50,000 hours. The company's flexible budget revealed the following: 30,000 Hours 40,000 Hours 50,000 Hours Variable costs $ 135,000 $ 180,000 $ 225,000 Fixed costs 720,000 720,000 720,000 If Commerce operated at 35,000 hours, its total budgeted cost would be: Multiple Choice $810,000. $997,500. $787,500. $945,000. $877,500.
Answers
Answer:
Total cost= $877,500
Explanation:
First, we need to calculate the unitary variable cost:
Unitary variable cost= 135,000 / 30,000= $4.5
Unitary variable cost= 180,000 / 40,000= $4.5
Unitary variable cost= 225,000 / 50,000= $4.5
Now, the total cost for 35,000 hours:
Total cost= Unitary variable cost*total number of hours + fixed costs
Total cost= 4.5*35,000 + 720,000
Total cost= $877,500
If the before-tax rate of return on a corporate bond is 7%, an individual in the 25% marginal tax bracket would earn a _____ rate of return on the bond.
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When new products or services are being planned, process selection occurs as a matter of course. Process selection also comes into play as a result of:
(I) technological changes.
(II) competitive pressures.
(III) fundamental changes in demand patterns.
Group of answer choices
I only
II only
III only
I and II but not III
I, II, and III
Answers
The right response is (I, II, and III). Process selection is critical for responding to technical advancements, market pressures, and fundamental shifts in demand patterns.
Goods and services are things that are created and produced to satisfy customer demands and desires. While services are intangible things that give clients a benefit or value, products can be tangible items like physical goods. Any firm must have products and services because they are the main revenue generators and the main forces behind expansion. To make sure their products and services suit the needs of their target customers, businesses spend a lot of money producing, testing, and promoting them. To stay relevant and keep their clients in the extremely competitive market of today, businesses must constantly innovate and enhance their goods and services. In order to do this, one must have a thorough awareness of the needs and preferences of the target audience.
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Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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2.1.3. Briefly explain the term Gross Domestic Product.
Answers
Answer:
it is the total value of goods produced and services provided in a country during one year.
Explanation: