1. Drawing on the five forces model‚ explain why the pharmaceutical industry has historically been a very profitable? a. Rivalry among competing firms i. Patent protected medicine allows prating monopoly ii. In pharmaceutical industry they have several strong competition compete again few rather than more companies b. Threat of substitute product i. Very costly to introduce a new drugs ii. So many medicines protect by patent law‚ all competitors can make countertrend drugs who have almost
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The traditional chemical and process manufacturing (CPM) industry is at the cusp of a massive digital transformation. Companies and their industrial processes need to adapt to this rapid change if they are not to be left behind by developments in the industry and by their competitors. The focus during this transformation would be around Customer Engagement‚ Supplier Relationships and Business networks‚ Big Data Analytics‚ Cloud‚ Mobility‚ Internet of Things‚ etc. Customer centricity and engagement
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The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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main concern of the present day Defence industries is to produce high grade quality products corresponding to world class standards. They are dependent on many small industries .So the high standards can be achieved by providing services by MSME which are ecologically superior and economically viable. The efforts must be made to enhance the efficiency‚ minimizing waste and optimum use of resources. This paper presents an approach for the small defence industries to produce zero defect products i.e.
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Objective 1. Determine the total considerations transferred. 2. The land and buildings should be recorded on the premise of “in-use” or “in-exchange”. 3. Determine the fair value recorded for the intangible assets. Applicable accounting pronouncement ASC 805-20-25 Business Combinations-Identifiable assets and liabilities and any non controlling interest-Recognition Recognition Conditions 25-2 To qualify for recognition as part of applying the acquisition method‚ the
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will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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Teaching Notes FRESHDIRECT‚ AS OF OCTOBER‚ 2004 Case Uses & Objectives The FreshDirect case presents a strategy analysis and formulation problem in an entrepreneurial e-business environment. It provides students with a case that contains all the elements necessary to lead them through a course overview in a practical real-world setting. This case can be used to augment discussions of strategic analysis‚ specifically both internal and external environmental analysis (Chapters 2 & 3 in Dess‚ Lumpkin
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the UK economy and had an adverse effect on the hotel industry‚ there are now clear signs of recovery. This report will first examine the UK hotel market‚ discuss the major industry players and demonstrate the relative importance of key issues. Furthermore‚ it will explore the UK consumer trends‚ present the diversity of backgrounds of investors and provide a future outlook along with a forecast which has been developed to illustrate the industry and the factors affecting its development and future
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of the times‚ people find it difficult to understand the various accounting Concepts. In this coursework‚ I shall analyze these concepts and explain them. First of all I shall discuss the materiality concept. WHAT IS MATERIALITY? Authoritative accounting bodies in the USA such as Financial Accounting Standard Board (FASB)‚ Securities and Exchange Commission (SEC)‚ General Accounting Office (GAO)‚ American Institute of Certified Public Accountants
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What is Industry 4.0? The soul of vision Industry 4.0 ‘ internet of things ‘ means the universal connection of things‚ people and machines. The intent of this connection is to produce variety of new products and services in a more efficient manner and on a large scale. This idea was first conceptualised by the German government. The basic idea behind this is to create smart factories in which the products‚ transport modes and the machines communicate with each other to create a virtual market place
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