If your inventory costs are going up, or are likely to increase, LIFO costing may be better, because the higher cost items (the ones purchased or made last) are considered to be sold. If you want a more accurate cost, FIFO is better, because it assumes that older less-costly items are most usually sold first.
Why LIFO is prohibited?
IFRS prohibits LIFO due to potential distortions it may have on a company’s profitability and financial statements. For example, LIFO can understate a company’s earnings for the purposes of keeping taxable income low. It can also result in inventory valuations that are outdated and obsolete.
Who is Apple’s biggest competition?
Apple’s top competitors include HP, IBM, Toshiba, Acer, Hewlett Packard Enterprise, Lenovo, Huawei, Microsoft, Samsung Electronics, Dell Technologies and Sony. Apple is a company that designs, manufactures, and markets mobile communication and media devices.
What age group does Apple target?
Apple Segmentation, Targeting and Positioning
| Type of segmentation | Segmentation criteria | Apple target segment |
|---|---|---|
| Demographic | Age | 18 – 45 |
| Gender | Males & Females | |
| Life-cycle stage | Bachelor Stage Newly Married Couples Full Nest I Full Nest II | |
| Income | High earners |
What is Apple’s USP?
Apple never marketed their USP (“We provide a lifestyle with our products”) or communicated this USP with expensive advertisements; instead they provided the unique selling proposition with their products (iPod, iPhone, iPad), that really spoke for themselves and offered unique characteristics that similar and …
What is Apple best known for?
Apple is a prominent hardware and software company best known for its series of personal computers, the iPod and its innovative marketing strategies for its products. Introduced in 1984, the Macintosh was the first widely sold personal computer with a graphical user interface (GUI).