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Michael Porter is another faculty member at the Harvard Business School. His work is the foundation of how businesses develop and manage competition and strategy. Porter's framework suggests two choices for a business in selecting a strategy. The first choice is between competing as the cost leader or based on product differentiation. Many of the techniques in the course clearly support a company competing as a cost leader. ABC and value-added analysis focus more on product differentiation. In adopting a differentiation strategy, the company develops a product that is unique from the customer's point of view. The second choice a company makes is between competing for the entire market or a niche market.
The discussion of value-added activities is on pages 164 and 165.
What are value-added processes? How do you determine if a process adds value? How does identifying value-added processes help a company run more efficiently and effectively?
Calculate the cash collections that would be included in the cash budgets for August and September.
Write a brief discussion commenting on the need for reconciling book income for a partnership to taxable income for that partnership for tax purposes.
A company's 2010 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned revenue account decreased $15,000 during 2010. How much cash was collected from customers during 2010?
What is consolidated net income for this year prior to reduction for the noncontrolling interest's share of the subsidiary's net income?
Dr. Mark Skousen, in his article, "Raising Cain: Why the 9-9-9- Tax Plan is a Dangerous Policy", states that Republican Herman Cain has gotten quite a bit of publicity about his new 9-9-9 tax plan.
General Products Company bought Special Products Division in 2010 and appropriately recorded 500,000 of goodwill related to the purchase.
Which of the following is the best theoretical justification for consolidated financial statements?
Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.
You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00
MBA 640 Exam 1, Spring 1, 2014, Determine the net income for the month of December and for the month of June.
Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP.
Evaluate the pros and cons related to an exclusion of a $250,000 gain for a primary residence and how using this residence as rental property could impact the gain or loss determination for the homeowner taxpayer. Recommend tax planning strategies..
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