If a firm must pay for goods it has ordered with foreign currency, it can hedge its foreign exchangerate risk by
(a) selling foreign exchange futures short.
(b) buying foreign exchange futures long.
(c) staying out of the exchange futures market.
(d) doing none of the above.

If government regulations significantly increase the cost of operating within a particular market, then new firms are discouraged from entering the market.

This is because the cost of entry becomes too high, and only existing firms with enough resources can sustain the high costs. Therefore, barriers to entry are not nullified, but rather strengthened. This can result in a less competitive market environment, as only a few large firms dominate the market, leading to higher prices for consumers.

On the other hand, if the government reduces regulations, then new firms are encouraged to enter the market, which can lead to a more competitive market environment and lower prices for consumers. Therefore, it is important for the government to strike a balance between regulations that protect consumers and those that hinder market competition.

To know more about government regulations refer here: 

https://brainly.com/question/13758423

#SPJ11

The Taft-Hartley Act permitted states to enact right-to-work laws, where states may declare it illegal for employers to agree with unions that require union membership for continuing employment.

To know more right-to-work laws union membership  employment https://brainly.com/question/12114850

#SPJ11

Inelastic demand implies  c. that a one percent increase in price results in a smaller than one percent decrease in quantity demanded as it has a smaller effect on the demand quantity.

Inelastic demand means that changes in price have a relatively small effect on the quantity demanded. So, when the price of a product increases by 1%, the quantity demanded will decrease by a relatively smaller percentage.

This means that the total revenue (price x quantity) will increase of inelastic demand because the increase in price offsets the decrease in quantity demanded. Conversely, when the price of a product decreases by 1%, the quantity demanded will increase by a relatively smaller percentage, leading to a decrease in total revenue.

To learn more about inelastic, click here:

https://brainly.com/question/28192591

#SPJ11

1. The entry to record the disposal of the machine in this situation would be:

Debit: Accumulated Depreciation $91,800
Debit: Loss on Disposal $33,400
Credit: Machine $125,200

Explanation: Since the machine was not worth repairing, Diaz decided to dispose of it. As a result, they needed to remove the machine and its accumulated depreciation from their books. The loss on disposal represents the difference between the cost of the machine and its accumulated depreciation.

2. The entry to record the disposal of the machine in this situation would be:

Debit: Cash $17,100
Debit: Accumulated Depreciation $91,800
Credit: Machine $125,200
Credit: Gain on Disposal $17,100

Explanation: Since Diaz sold the machine for cash, they would need to record the sale and remove the machine and its accumulated depreciation from their books. The gain on disposal represents the difference between the cash received and the book value of the machine.

3. The entry to record the disposal of the machine in this situation would be:

Debit: Cash $33,400
Debit: Accumulated Depreciation $91,800
Credit: Machine $125,200
Credit: Gain on Disposal $8,400

Explanation: Similar to situation 2, Diaz sold the machine for cash and needed to remove it and its accumulated depreciation from their books. In this case, the gain on disposal is less because the sale price was lower than in situation 2.

4. The entry to record the disposal of the machine in this situation would be:

Debit: Cash $41,700
Debit: Accumulated Depreciation $91,800
Credit: Machine $125,200
Credit: Gain on Disposal $16,700

Explanation: In this situation, Diaz sold the machine for a higher price, resulting in a larger gain on disposal. The entry is similar to situation 3, but the gain on disposal is higher.

Learn more about accumulated depreciation: https://brainly.com/question/28139636

#SPJ11

There is a social cost to monopoly power because it leads to a reduction in consumer surplus, meaning consumers pay higher prices for goods and services than they would in a more competitive market.

Monopoly power also reduces incentives for innovation and efficiency, as the monopolist does not face the same pressures to improve their products or reduce costs. This can result in a reduction in overall economic welfare for society.

Even if the gains from monopoly power could be redistributed to consumers, the social cost of monopoly power would not be completely eliminated. While redistribution would alleviate some of the negative effects, it would not address the issue of reduced incentives for innovation and efficiency. Additionally, the process of redistribution itself can be costly and may not be effective in reaching all consumers. Therefore, it is preferable to promote competition and prevent the abuse of monopoly power in order to maximize economic welfare for society.

For more about monopoly power:

https://brainly.com/question/17252846

#SPJ11

An effective supervisor maintains a performance record for each employee, in which actual incidents that affect job success or failure are recorded. This record-keeping practice is essential for several reasons.

Firstly, it helps the supervisor to track employees' progress and identify areas where they excel or need improvement. By noting specific incidents, the supervisor can provide accurate and constructive feedback during performance evaluations, which helps employees understand their strengths and weaknesses.

Secondly, having a well-documented record of an employee's performance can serve as a basis for promotions, raises, or even disciplinary actions if necessary. This objective information can minimize bias and ensure that decisions are made fairly and consistently across the organization.

Moreover, maintaining a performance record allows the supervisor to set realistic goals and expectations for employees, which can enhance overall productivity and job satisfaction. This practice also encourages open communication between supervisors and employees, fostering a positive work environment where individuals feel valued and supported.

In summary, an effective supervisor keeps a performance record for each employee that contains specific incidents affecting their job success or failure. This approach promotes transparency, fairness, and growth opportunities, ultimately benefiting both the employees and the organization as a whole.

For more about performance record:

https://brainly.com/question/26477194

#SPJ11

CVP analysis looks at how "profit" is affected by sales price per unit, variable costs per unit, volume, and fixed costs.

In this context, CVP analysis is a helpful tool for evaluating the relationship between these factors and their impact on the overall profitability of a business .Utilising a cost-volume-profit (CVP) analysis, one may determine how changes in variable and fixed costs impact a company's profit. Using CVP, businesses can determine how many units must be sold to break even (pay all costs) or achieve a specific minimum profit margin.Utilising a cost-volume-profit (CVP) analysis, one may determine how changes in variable and fixed costs impact a company's profit. Using CVP, businesses can determine how many units must be sold to break even (pay all costs) or achieve a specific minimum profit margin.

To know more about CVP analysis visit:

https://brainly.com/question/29564340

#SPJ11

Banks can reduce their credit risk by restructuring their asset portfolio to contain fewer and more secure investment options.

One way to achieve this is by investing in treasury bonds, which are considered low-risk investments because they are backed by the government.

Another option is to invest in corporate or municipal bonds, which also offer relatively lower risk compared to commercial loans.

By diversifying their asset portfolio and investing in secure options, banks can reduce their credit risk and improve their overall financial stability.

learn more about banks here:brainly.com/question/14042269

#SPJ11

You are evaluating the opportunity cost.

Opportunity cost is the value of the next best alternative forgone in order to pursue a certain action or decision.

It is a crucial concept in economics as it helps individuals and businesses make rational decisions by comparing the benefits and costs of different choices.

By evaluating the opportunity cost, one can determine if the benefits of pursuing a certain option outweigh the costs and if it is the best course of action.

For more questions like Cost click the link below:

https://brainly.com/question/30045916

#SPJ11

The formula to compute the budgeted direct labor cost involves calculating the amount of direct labor required to produce a certain number of units within a given time frame.

The formula can be expressed as units to produce divided by direct labor required per unit times direct labor cost per hour.

This formula helps companies to estimate their labor cost for a given production run. It takes into account the number of units to be produced, the time required to produce each unit, and the cost of labor per hour. By using this formula, companies can determine their total labor costs and plan their production accordingly.

To learn more about labor: https://brainly.com/question/24415527

#SPJ11

A teenager with a history of achalasia is likely to experience clinical manifestation, which is the feeling of food being stuck in the back of the throat. The correct option is B) Feeling like there is food stuck in the back of the throat.

Achalasia is a disorder affecting the esophagus, the tube that carries food from the mouth to the stomach. This condition causes the lower esophageal sphincter (LES) to not relax properly, leading to difficulty in swallowing and food accumulation in the esophagus.

In achalasia, the impaired relaxation of the LES and the lack of coordinated peristalsis make it difficult for food to pass through the esophagus into the stomach, causing the sensation of food being stuck in the throat. This symptom may also be accompanied by chest pain, weight loss, and regurgitation of undigested food.

Option A, excessive heartburn after a high-fat meal, is not specific to achalasia but rather related to gastroesophageal reflux disease (GERD). Options C and D, projectile vomiting and vomiting large amounts of bright red emesis, are not common clinical manifestations of achalasia. These symptoms may indicate other gastrointestinal disorders that require medical attention.

For more about manifestation:

https://brainly.com/question/30289336

#SPJ11

The first step in the preparation of a cash budget is preparing a sales forecast. A sales forecast estimates the future sales revenues of the company, which is crucial for developing a cash budget.

The cash budget outlines the expected cash inflows and outflows over a given period and helps in managing the liquidity of the business. Without a sales forecast, it is difficult to estimate the expected cash inflows, which could lead to a shortage of cash or an accumulation of excess cash. Therefore, it is essential to prepare an accurate sales forecast to develop a cash budget that reflects the company's financial position and helps in planning for future investments or financing needs.

Learn more about forecast here:

https://brainly.com/question/30167588

#SPJ11

The number of life years gained is 6,500. To calculate the number of life years gained, we need to find the difference in life expectancy before and after reducing the arsenic emission standards.

Before the reduction, life expectancy was 78.0 years. After the reduction, it increased to 79.0 years.

Therefore, the increase in life expectancy is:

79.0 years - 78.0 years = 1.0 year

This means that each of the 6,500 people affected will gain an additional year of life.

To find the total number of life years gained, we need to multiply the number of people by the increase in life expectancy:

6,500 people x 1.0 year = 6,500 life years gained

Learn more about life expectancy here:
brainly.com/question/7184917

#SPJ11

Based on the service desired and the relative cost of the item, the most likely item to be shipped by truck would be regular shipments of grain(C).

Shipping by truck is typically more cost-effective for shorter distances and for items that are not highly perishable or valuable. Cut flowers are highly perishable and require specialized shipping methods to ensure they stay fresh, making them more suitable for air transport.

Iron ore is a heavy and valuable commodity that is typically transported by train or ship due to the high volume of material and long distances involved. Grain, on the other hand, is a bulk commodity that can be transported by truck over shorter distances at a lower cost.

Therefore, (C) regular shipments of grain are the most likely to be shipped by truck based on the service desired and the relative cost of the item.

For more questions like Costs click the link below:

https://brainly.com/question/31041508

#SPJ11

The theoretical price for one share in the company, given the dividend would be $ 20

To find the theoretical price for one share in the company, you can use the Dividend Discount Model which is:

= Next dividend / ( Return on equity - Growth rate)

The next dividend is:

= 5 x ( 1 - 8 %)

= $ 4.60

The theoretical price per share is therefore :

= 4. 60 / ( 15 % - ( - 8 %) )

= 4. 60 / ( 15 % + 8 %)

= 4. 60 / 23 %

= $ 20

Find out more on share price at https://brainly.com/question/28474041

#SPJ1

The time period from initial research and development to the point where customer support is withdrawn is referred to as the ''product lifecycle''. The product lifecycle is the entire lifespan of a product, from its inception to its eventual discontinuation.

It is broken down into different stages, which are the introduction stage, growth stage, maturity stage, and decline stage. Throughout each stage, the product goes through various changes, from improvements and upgrades to possible product recalls or end-of-life decisions.

Understanding the product lifecycle is crucial for businesses to make informed decisions about product development, marketing, and customer support.

To know more about product lifecycle,refer to the link:

https://brainly.com/question/30456811#

#SPJ11

In world of consumer protection and product liability, there are various types of warranties that apply to goods sold by a seller to a buyer. These warranties are designed to protect consumers from defective products and guarantee certain standards of quality and safety. However, in certain situations, a seller may choose to limit or disclaim some of these warranties. In such cases, the seller may use a document called a disclaimer or disclaimer of warranties.

A disclaimer of warranties is a statement made by the seller that they will not honor some or all of the implied warranties that come with the product. Implied warranties are those that arise automatically by operation of law, regardless of whether the seller explicitly promises them. These warranties include the warranty of merchantability (which guarantees that the product is fit for its intended purpose) and the warranty of fitness for a particular purpose (which guarantees that the product will meet the buyer's specific needs). A disclaimer of warranties may be used to limit the seller's liability for defects or to provide buyers with a warning that they are assuming certain risks when purchasing the product.

To know more about consumer protection, visit:

https://brainly.com/question/29762637

#SPJ11

The insurance company will likely adjust the policy's benefits and/or premiums to accurately reflect Nicholas's correct age based on the misstatement of the age provision.

When Nicholas brings the incorrect date of birth to the attention of the insurance company, they will likely apply the misstatement of age provision, which is a common clause in life insurance policies. This provision allows the insurance company to adjust the policy's benefits and/or premiums based on the insured's correct age. If Nicholas has been paying lower premiums due to the misstatement, the company may require him to pay the difference between the actual premiums he should have been paying and what he has paid thus far. The insurance company might also adjust the death benefit to accurately reflect the premiums paid based on his correct age. It is essential for policyholders to provide accurate information to avoid complications in the future.

To know more about the insurance policies visit:

https://brainly.com/question/30098858

#SPJ11

Understanding these concepts can help a business manager improve their decision-making by identifying when to scale up production and when to focus on cost control measures to avoid dis-economies of scale.

a. The Law of Diminishing Returns states that as additional units of a variable input are added to a fixed input, the marginal product of the variable input will eventually decrease. The assumptions are that all other inputs are held constant and that the production function is subject to the law of diminishing returns.

Understanding this law can help a business manager make better decisions by knowing when to stop adding additional variable inputs and focus on other factors to increase production efficiency.

b. The short run production costs are: fixed costs, variable costs, total costs, marginal costs, average variable costs, average fixed costs, and average total costs. A business manager can use each of these costs to understand the financial impact of their production decisions and make adjustments accordingly.

c. The Long Run ATC tells us the lowest average total cost of producing a certain output level in the long run. The long run ATC curve is derived from finding the lowest average total cost at each level of output.

Understanding this concept can help a business manager make better decisions by identifying the optimal level of production to minimize costs.

A firm would want to operate where the LRATC is at its minimum because that is where they can produce at the lowest cost possible.

d. Economies of scale refer to the cost advantages a business can achieve as they increase production. Constant returns to scale occur when a proportional increase in all inputs leads to the same proportional increase in output.

Dis-economies of scale occur when a firm's cost per unit increases as they increase production.

Understanding these concepts can help a business manager improve their decision-making by identifying when to scale up production and when to focus on cost control measures to avoid dis-economies of scale.

The Law of Diminishing Returns states that as more units of a variable input are added to fixed inputs, the marginal product will eventually decline. This assumes that technology and other factors remain constant. A business manager can use this law to optimize resource allocation and production efficiency.

Short-run production costs include total fixed costs (TFC), total variable costs (TVC), total costs (TC), average fixed costs (AFC), average variable costs (AVC), average total costs (ATC), and marginal costs (MC). Managers can use these cost concepts to make informed decisions about production levels, pricing strategies, and resource allocation.

Long Run ATC (average total cost) shows the lowest cost of producing each output level when all factors of production are variable. The long run ATC curve is derived from multiple short-run ATC curves. Understanding this concept helps managers make decisions on capacity expansion, cost control, and achieving economies of scale.

A firm would want to operate at the lowest point of the LRATC curve, as it represents the most efficient level of production with the lowest possible average costs.

Economies of scale refer to the cost advantages of larger firms due to the lower per-unit costs from increased production levels. Constant returns to scale occur when a firm's output increases proportionally with an increase in inputs, and dis-economies of scale occur when a firm's per-unit costs rise as output increases. Managers can use these concepts to identify optimal firm size, production levels, and resource utilization for improved decision-making.

To know more about decision-making: brainly.com/question/31422716

#SPJ11

About opportunity a). False, the statement "If P(A) < P(B), then A is a subset of B" is a common misconception, but it is not always true. b). False, the statement "P(AB) is at least as large as P(A)" is also not always true.

False. The statement "If P(A) < P(B), then A is a subset of B" is a common misconception, but it is not always true. Consider the example of rolling a fair six-sided die. Let A be the event that the outcome is an even number, and let B be the event that the outcome is a multiple of 3.

We have P(A) = 3/6 and P(B) = 2/6, so P(A) < P(B). However, A and B have no outcomes in common, so A is not a subset of B. Therefore, the statement is false.

False. The statement "P(AB) is at least as large as P(A)" is also not always true. In fact, P(AB) can be smaller than P(A) if A and B are not independent events. For example, let A be the event that a randomly selected person is male, and let B be the event that the person is over 6 feet tall.

If we assume that P(A) = 0.5 and P(B) = 0.1 (which are reasonable estimates), then P(AB) could be much smaller than P(A) if being male and being tall are negatively correlated. Therefore, the statement is false.

Learn more about opportunity: brainly.com/question/1549591

#SPJ11

The statement "the price of a paperback is $7.00 in 2012" gives the real value of the price variable as it is expressed in U.S. dollars, which is a fixed, absolute currency that does not change in value. The correct answer is option c.

The real value of a variable refers to its value in terms of a fixed, absolute currency or unit of measurement.

This allows for accurate comparisons of the price of the paperback across different time periods and contexts.

The other statements, "the price of a paperback is 1.75 lattes in 2012" and "Hannah's wage is 7 lattes per hour in 2012," give the value of the variable in terms of lattes, which is a relative unit of measurement that may be subject to inflation or changes in value over time.

This makes it difficult to compare the value of the variable across different contexts or time periods accurately.

The correct answer is option c.

To know more about paperback refer to-

https://brainly.com/question/19261251?

#SPJ11

Complete question

which of the following give the real value of a variable? check all that apply.

a. the price of a paperback is 1.75 lattes in 2012.

b. hannah's wage is 7 lattes per hour in 2012.

c. the price of a paperback is $7.00 in 2012.

A consumer who uses strict guidelines set prior to selection and disregards any option that fails to meet the specifications is employing a method of selective decision-making. By establishing guidelines beforehand, the consumer is able to narrow down their options and focus on products or services that meet their specific needs and preferences.

This approach can save time and reduce the chances of buyer's remorse. When using strict guidelines, the consumer may consider factors such as price, quality, brand reputation, features, and availability. By setting these criteria, the consumer can compare options more easily and make an informed decision based on their priorities. However, this approach may also limit the range of options available to the consumer, potentially leading to missed opportunities or overlooked alternatives.
Overall, the use of guidelines in the selection process can be an effective tool for decision-making, but it should be balanced with an open-minded approach and a willingness to consider alternative options if necessary. A consumer who uses strict guidelines must ensure that their criteria align with their needs and preferences, and that they are not excluding options based solely on arbitrary or irrelevant factors. By carefully weighing their options and making informed decisions, the consumer can increase their satisfaction and achieve their desired outcomes.

To know more about decision making, visit https://brainly.com/question/1249089

#SPJ11

The statement that best explains is: A contingent fee arrangement can potentially compromise the audit firm's independence, as their fees are dependent on the financial outcome of the client, which may create a conflict of interest and influence the objectivity and integrity of the audit process.

The SEC has concerns about the independence of an audit firm with a contingent fee arrangement with its audit client because the fee arrangement creates a financial interest that could potentially compromise the objectivity and impartiality of the audit.

This could lead to the audit firm providing a biased report or failing to report material errors or misstatements in the financial statements.

Therefore, such a fee arrangement could pose a threat to the integrity and reliability of the audit process, which is crucial for ensuring accurate and transparent financial reporting.

Visit here to learn more about Audit:

brainly.com/question/29305184

#SPJ11

Payment of Salaries on August 24:

Salary Expense $50,000

Cash $50,000

The entry above records the payment of gross salaries for the biweekly period ending August 24.

Employer Payroll Costs on August 24:

Payroll Tax Expense $1,091

CPP Payable $730

EI Payable $361

The entry above records the employer's payroll costs for CPP and EI for the biweekly period ending August 24. These costs will not be remitted to the government until September.

Payment to Government on September 3:

CPP Payable $1,987

EI Payable $1,502

Income Tax Payable $18,726

Cash $22,215

The entry above records the payment to the government of all amounts owed for CPP, EI, and income tax for the biweekly period ending August 24. The payment is made on September 3.

Learn more about Expense here:

https://brainly.com/question/29842871

#SPJ11

The internal control process is a system of checks and balances that is designed to provide reasonable assurance that organizational objectives are achieved.

This includes ensuring the effectiveness and efficiency of operations, reliability of financial reporting and compliance with applicable laws and regulations. All of these objectives are important for an organization to be successful.

The internal control process typically includes policies and procedures related to risk management, control activities, information and communication, monitoring activities, and corrective actions. Risk management covers the identification and assessment of the risk associated with particular activities.

Control activities are designed to ensure that the risks associated with activities are managed. Information and communication processes ensure that pertinent information is communicated to the appropriate personnel in a timely manner. Monitoring activities are designed to ensure that all the control activities are functioning properly and that any identified issues are addressed. Finally, corrective actions are taken to address any identified issues.

In summary, the internal control process is designed to provide reasonable assurance that organizational objectives are achieved in regards to effectiveness and efficiency of operations, reliability of financial reporting and compliance with applicable laws and regulations.

Know more about Risk management here

https://brainly.com/question/30453593#

#SPJ11

If the administration proposes increasing spending on infrastructure, it will affect the government purchases component of aggregate demand (AD).

This increase in government purchases will lead to an increase in AD, which in turn will lead to an increase in GDP. This increase in GDP will result in an increase in consumption and investment, which are the other two components of AD. However, the effect on net exports may be uncertain as it depends on the response of foreign countries to the increase in government spending.

If the foreign countries respond positively, then net exports may increase as well. On the other hand, if they respond negatively, then net exports may decrease. Overall, an increase in government spending on infrastructure can have a positive impact on the economy by boosting GDP, creating jobs, and improving the country's infrastructure.

To know more about aggregate demand visit:

https://brainly.com/question/31191847

#SPJ11

The insurance company must charge a premium of $6,000 per doctor to break even in this scenario.

In this scenario, we know that there are two types of doctors - careful and reckless - and that reckless doctors have significantly higher claims costs than careful doctors.

We also know that the insurance company is only aware of the percentage of doctors who are reckless (20%), but individual doctors know whether they are careful or reckless.

To break even, the insurance company must charge a premium that covers the expected claims costs for both careful and reckless doctors.

This means that they need to take into account the fact that 20% of doctors are reckless and will have significantly higher claims costs than the other 80% of doctors.

Using the information provided, we can calculate the expected claims cost for each group of doctors:
- Careful doctors: $2,000
- Reckless doctors: $22,000

To calculate the overall expected claims cost, we can take the weighted average of these two costs, based on the percentage of doctors in each group:

Expected claims cost = (0.8 x $2,000) + (0.2 x $22,000) = $4,800

This means that the insurance company needs to charge a premium of at least $4,800 per doctor to cover their expected claims costs and break even.

However, this is just the minimum premium they need to charge - they may choose to charge a higher premium to make a profit or cover other expenses.

Know more about break-even here:

https://brainly.com/question/21137380

#SPJ11

The zoning-related fact that an agent should disclose to prospective buyers is that the property is in a historic district(a).

This is because being in a historic district may have restrictions on renovations and alterations to the property.

Zoning regulations vary depending on the area, and it is the agent's responsibility to disclose any zoning-related facts to prospective buyers. In this case, being in a historic district means that the property is subject to certain regulations and restrictions that are in place to preserve its historical significance.

These restrictions may include limitations on renovations and alterations to the property. Therefore, it is important for buyers to be aware of this fact before purchasing the property.

Other options such as a neighbor's business or land use history are also important to consider, but they may not have as direct an impact on the property itself as being in a historic district. Hence a option is correct.

For more questions like Property click the link below:

https://brainly.com/question/28787352

#SPJ11

The correct statement about the cash flows is:

"The income statement reports cash flow information indirectly."

"The statement of cash flows reports information about cash flows directly."

Thus, options 2nd and 3rd are correct.

Cash flows are the inflow and outflow of money into or out of a firm. The financial statement that displays the year's earnings and costs is referred to as the income statement. It provides the year's net profit or loss. Revenues and costs are displayed on an accrual approach. Therefore, the income or costs mentioned may be received or paid in cash or not.

The financial statement that displays the annual cash inflows and outflows from various operations is known as a statement of cash flows. It only displays earnings or outlays that were made in cash. It is regarded as displaying the direct cash flows.

Hence, options 2nd and 3rd are correct.

Learn more about Cash flows here:

https://brainly.com/question/29768594

#SPJ1

"an organization gains a competitive advantage when it lowers costs and decreases differentiation" is actually incorrect. In order to gain a competitive advantage, an organization must either lower costs OR increase differentiation, not both simultaneously.

Lowering costs can give an organization a cost advantage over its competitors, meaning it can offer products or services at a lower price while maintaining similar quality, which may attract price-sensitive customers. However, this can lead to a race to the bottom in terms of pricing and profit margins.
On the other hand, increasing differentiation can give an organization a differentiation advantage, meaning they offer a unique product or service that sets them apart from their competitors. This can allow an organization to charge a higher price and appeal to customers who value unique features or experiences.
So, to summarize, an organization gains a competitive advantage when it either lowers costs OR increases differentiation, but not when it does both simultaneously.

Learn more about "differentiation" https://brainly.com/question/8107956

#SPJ11