core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
~The decision about which assets to buy is termed the capital buygeting or inverstment decision. The cesision about how to raise money is the financing decision.
) Distinguish clearly between analysis of variance and analysis of covariance.
Service industry
The most appropriate goal of a firm depends on the industry. In very general terms, a firm is a business with a goal of making money. Another major goal of a firm could be to help people or benevolence of some sort.
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
a firm is a business unit that operates under a single management. while industry is a group of firm that produce similar products for the same market.
Distinction between firm & industry disappears
A firm generally thought of as one company. An industry is a generalization for the type of business in which a company engages. For example, General Motors is a company that builds cars. Automobile manufacturing is the industry.
It is very important to economy development.
perfectly competitive industry become a monopoly, what changes
perfectly competitive industry become a monopoly, what changes
how can you distinguish between them
core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
Explain which of the following would be considered the long-run and short-run and why.
distinguish between book keeping and accounting