There are three key consumer criteria that determine whether a brand association can truly function as a point-of-difference

When the Westin Stamford hotel in Singapore advertised that it was the world's tallest hotel, it attempted to create a point-of-difference (POD). Discuss whether this attempt to create a POD would be likely to succeed.

Student answers will vary. Consumers must see the brand association as personally relevant to them. Staying in the tallest hotel might not be a necessary need for most tourists, there might be other factors that are more important. The hotel was not successful in its attempt to create its POD because of the desirability criteria associated with PODs.

Business

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What is a LIFO reserve?

a. The difference between the LIFO inventory and the amount used for internal reporting purposes. b. The tax savings attributed to using the LIFO method. c. The current effect of using LIFO on net income. d. Change in the LIFO inventory during the year.

Business

A city's Enterprise Fund received $3,000,000 cash in the form of a capital grant during the fiscal year ended June 30, 20X3 . The Enterprise Fund incurred and paid construction costs from that grant in the amount of $1,200,000

What amount should be reported on the Enterprise Fund Statement of Net Position as net investment in capital assets? A. $0 B. $1,200,000 C. $1,800,000 D. $3,000,000

Business