Q3. Blue Sky Company produces toys and other items for use in beach and resort areas. A small inflatable toy has come in the market that the company is anxious to produce and sell. The new toy will se
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Blue Sky Company is a company that produces toys and other items for use in beach and resort areas. A small inflatable toy has come in the market that the company is anxious to produce and sell. The new toy will sell for $18.00 per unit, and Blue Sky expects to sell at least 3,000 units per month.
Fixed costs of $12,000 per month will be required to produce the toy. Variable costs are estimated to be $10.00 per unit, and the company expects to use 2.5 direct labor hours to produce each unit of the product.The total production cost for the product, according to the given data, can be calculated by using the following formula:Total production cost = Fixed cost + Variable cost Per unit variable cost is calculated as follows:Per unit variable cost = Direct labor cost per unit + Direct materials cost per unit + Variable manufacturing overhead cost per unitAccording to the given data, the direct labor cost per unit of the product is 2.5 hours × $6.00 per direct labor hour = $15.00 per unit, direct materials cost per unit = $5.00 per unit, and variable manufacturing overhead cost per unit = $2.00 per unit.
Therefore, per unit variable cost is:Per unit variable cost = $15.00 + $5.00 + $2.00 = $22.00Therefore, the total production cost can be calculated as follows:Total production cost = Fixed cost + Variable cost= $12,000 + ($22.00 × 3,000)= $12,000 + $66,000= $78,000Therefore, the company will have to incur a total production cost of $78,000 to produce 3,000 units of the product. Since the company expects to sell at least 3,000 units per month at a selling price of $18.00 per unit, the company will generate a revenue of $54,000 per month. Since the revenue generated is more than the total production cost incurred, the company will make a profit on the sale of the product. Since the given data provides a fair and reasonable estimate of the costs and revenues, it can be assumed that the company's decision to produce and sell the new product will be profitable for the company. The company must take into account the other costs that may come up while producing and selling the product. However, the given data shows that the decision to produce and sell the new product will lead to a profit. Therefore, the company should go ahead and produce and sell the product.
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Related Questions
A firm has a debt-to-total asset ratio of 75%, $258,000 in debt, and net income of $58,480. calculate return on equity.(do not round intermediate calculations.)
Answers
The return on equity is approximately 68.09% if firm has a debt-to-total asset ratio of 75%, $258,000 in debt.
To calculate the return on equity (ROE), we need the total equity of the firm. The formula for ROE is:
ROE = Net Income / Total Equity
To find the total equity, we can use the formula:
Total Equity = Total Assets - Total Debt
Given that the debt-to-total asset ratio is 75% and the debt is $258,000, we can calculate the total assets:
Total Assets = Debt / (Debt-to-Total Asset Ratio)
Total Assets = $258,000 / 0.75
Total Assets = $344,000
Total Equity = Total Assets - Total Debt
Total Equity = $344,000 - $258,000
Total Equity = $86,000
Finally, we can calculate the return on equity:
ROE = Net Income / Total Equity
ROE = $58,480 / $86,000
ROE ≈ 0.6809 or 68.09% (rounded to two decimal places)
Therefore, the return on equity is approximately 68.09%.
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Plz help me!
what are the three most common levels of education earned by Manicurists and Pedicurists?
master’s degree
bachelor’s degree
associate degree
post-secondary certificate
less than high school diploma
high school diploma or its equivalent
Answers
Master , bachelor, and a high school diploma.
These are the top answers
Good luck
Answer:
DEF
Explanation e d g 20 22
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
Discuss about the main types of fish available in Nepal.
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Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
charisma, sincerity, and expertise are all key factors of
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charisma, sincerity, and expertise are all key factors in effective communication. Charisma helps attract and charm others, sincerity builds trust and credibility, and expertise enhances knowledge and competence. Incorporating these factors into communication can lead to better understanding, engagement, and influence.
In effective communication, charisma, sincerity, and expertise play crucial roles in conveying messages and achieving desired outcomes. Let's explore each of these factors:
Charisma: Charisma is the ability to attract and charm others. When a communicator possesses charisma, they have a magnetic presence that captivates the attention of their audience. Charismatic individuals are often seen as confident, engaging, and persuasive. Their ability to connect with others on an emotional level helps to establish rapport and build trust. This, in turn, makes the audience more receptive to the message being conveyed.Sincerity: Sincerity involves being genuine and honest in communication. When a communicator is sincere, they convey their message with authenticity and transparency. Sincere individuals are perceived as trustworthy, which enhances their credibility. By being sincere, communicators can foster open and honest dialogue, leading to better understanding and cooperation.Expertise: Expertise refers to having knowledge and competence in the subject matter being discussed. When a communicator is knowledgeable and skilled in their field, they are seen as credible and authoritative. Expertise allows communicators to provide accurate information, answer questions confidently, and address concerns effectively. This enhances their ability to persuade and influence others.Overall, charisma, sincerity, and expertise are key factors that contribute to effective communication. By incorporating these elements into their communication style, individuals can enhance their ability to connect with others, build trust, and achieve desired outcomes.
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Suppose that the current Canadian dollar (CAD) to U.S. dollar exchange rate is $0.85 CAD = $1 US and that the U.S. dollar price of an Apple iPhone is $300. What is the Canadian dollar price of an iPhone? Next, suppose that the CAD to U.S. dollar exchange rate moves to $0.96 CAD = $1 US. What is the new Canadian dollar price of an iPhone? Other things equal, would you expect Canada to import more or fewer iPhones at the new exchange rate?
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The initial Canadian dollar price of an iPhone was $255 CAD, and the new price is $288 CAD after the exchange rate changed to $0.96 CAD = $1 US. With the stronger Canadian dollar, we would expect Canada to import more iPhones, as they are now relatively less expensive in Canadian dollar terms.
To calculate the Canadian dollar price of an iPhone at the initial exchange rate, we use the formula:
Canadian dollar price = U.S. dollar price × Exchange rate
At the initial exchange rate of $0.85 CAD = $1 US, the Canadian dollar price of the iPhone is:
$300 × $0.85 CAD/$1 = $255 CAD
Now, let's calculate the Canadian dollar price of the iPhone when the exchange rate changes to $0.96 CAD = $1 US:
$300 × $0.96 CAD/$1 = $288 CAD
The new Canadian dollar price of the iPhone is $288 CAD.
When the exchange rate moves to $0.96 CAD = $1 US, the Canadian dollar strengthens against the U.S. dollar. This means that the Canadian dollar can buy more U.S. goods, including iPhones, at lower prices in Canadian dollar terms. As a result, we would expect Canada to import more iPhones at the new exchange rate.
In conclusion, the initial Canadian dollar price of an iPhone was $255 CAD, and the new price is $288 CAD after the exchange rate changed to $0.96 CAD = $1 US. With the stronger Canadian dollar, we would expect Canada to import more iPhones, as they are now relatively less expensive in Canadian dollar terms.
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a pharmaceutical company is using sales call reports from previous years in order to develop personal selling ideas for its current team. the company is using
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The type of data used by the pharmaceutical company to develop new personal selling ideas is called internal secondary data.
The information compiled or gathered which is used in other generate new pattern or insight aimed at solving a problem is called data. Since, these data was obtained form within the firms database, then it is called an internal data. Since the data was gathered from previous year's data, then it is called internal secondary data.Therefore, since the data was not just generated within the firm but from previously used internal data, the it is called internal secondary data.
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What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
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Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
Fe2O3 + 3 CO → Fe + 3 CO2
Answers
Answer:
product 2FeO3+3CO2
Explanation:
Carter and his partner have decided to expand their business and make the company public to generate more funds.
However, they are aware of the tax policies of corporations. Which type of corporation will they opt for to avoid double taxation?
Carter and his partner should opt for a(n)
to avoid double taxation.
Answers
Carter and his partner may consider forming an S Corporation to avoid double taxation.
S Corporations are a type of corporation that allow business income, deductions, and credits to flow through to the shareholders' personal tax returns. This means that the corporation itself is not taxed on its income, but instead, the shareholders are taxed on their share of the corporation's income.
By contrast, a C Corporation is subject to double taxation, meaning that the corporation pays taxes on its income, and then the shareholders pay taxes on any dividends they receive from the corporation.
Therefore, if Carter and his partner want to avoid double taxation, they should consider forming an S Corporation. However, it's important to note that there are certain eligibility requirements for S Corporations, such as having no more than 100 shareholders and only one class of stock. They should consult with a tax professional or an attorney to determine if an S Corporation is the right choice for their specific business needs.
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What role does product/service management play in marketing?.
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Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
Preston wants to be an accountant. When he decides on a college education, which would be the best choice for this career?
Answers
Answer:
state college with an earned bachelor’s degree
Explanation:
If the Commission for Sport and Events contributes $45 million dollars towards the construction of a new sport venue, what type of financing option is most likely being used
Answers
The financing that is most likely being used for this construction are taxation or government securities issuance.
Sources of government financing Government can raise funds from taxing the people they govern.They can also raise funds by issuing securities such as notes to the public.The agency behind the construction of the venue is a governmental agency which means that it is most likely raising funds from one of the two methods described.
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Madeline’s friends invited her to go to Cancun next year for vacation. She really wants to go, but she’s not sure if she can afford the $1,000 trip. She has $500 saved in her dresser and has one year to save the rest, but she’s not sure where to keep her money so she can maximize her savings. What is the best savings strategy for Madeline and why?
Answers
The best type of savings that Madeline would have would be the certificate of deposit.
What is savings?This is the action that has to do with actively saving up money or keeping money periodically for use at a later time period. The money that is kept is basically to be able to take care of unforeseen circumstances that may arise in the life of the person.
The certificate of deposit is the type of strategy that Madeline would be using to save up her money. This is because this strategy has a way of taking care of the issues that may come around later and still give her the the fixed time at the higher rate that would make her to leave the money for a year and still work for the other sum.
The best type of savings that Madeline would have would be the certificate of deposit.
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please answer in paragraph form
a. Which countries are referred to as Andean? Identify two Pre-European civilizations where coca leaves were cultivated and used. b. Describe how Pre-European civilizations of the Americas used coca leaves and contrast how European colonizers used coca leaves after they conquered the Americas.
Answers
The Andean countries are Bolivia, Ecuador, Peru, and parts of Argentina, Chile, and Colombia. The Inca and the Tiwanaku were two pre-European civilizations that cultivated and used coca leaves. Coca leaves were a vital part of Andean culture and had significant spiritual, religious, and medicinal value in pre-Columbian times.
Coca leaves were used in traditional Andean medicine to cure a variety of illnesses and to manage altitude sickness, which is a common ailment in the highlands of the Andes. Furthermore, they were chewed by Andean people to obtain energy, alleviate hunger, and increase alertness. Furthermore, the Andean people used coca leaves in religious and spiritual ceremonies to communicate with the gods and to connect with the spirit world.
After Europeans conquered the Americas, they misinterpreted the value of coca leaves and demonized their use. European colonizers regarded coca leaves as a narcotic and associated their use with witchcraft and magic. Furthermore, the colonizers forced indigenous people to cultivate and harvest coca leaves on their behalf. Furthermore, coca leaves were used to create cocaine by European colonizers, and their production skyrocketed, causing significant social and health problems in the Americas. In conclusion, Pre-European civilizations of the Americas used coca leaves for various medicinal, spiritual, and religious purposes. However, European colonizers demonized the use of coca leaves, forced indigenous people to cultivate them, and exploited their production to create cocaine. The difference between how coca leaves were used before and after the European conquest of the Americas highlights the consequences of colonization and the misinterpretation of cultural practices.
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How can companies balance the importance of maintaining Filipino values in their business practices with the need to remain competitive in the global market?
Answers
Answer: Through
Embed Filipino values in the company culture, Conduct market research, etc.
Explaneation: Balancing the importance of maintaining Filipino values in business practices with the need to remain competitive in the global market can be a challenge for companies. However, there are several strategies that companies can adopt to achieve this balance:
Embed Filipino values in the company culture: Companies can embed Filipino values such as respect for elders, integrity, and hard work in their organizational culture. This can be done by creating a code of conduct that incorporates these values, providing training and development programs that reinforce them, and recognizing employees who embody these values.
Conduct market research: Companies can conduct market research to understand the values and preferences of their target market. This can help them identify which Filipino values are important to their customers and how they can incorporate them into their products and services.
Embrace innovation: Companies can embrace innovation and new technologies to improve their competitiveness in the global market. However, they can also ensure that these innovations align with Filipino values, such as environmental sustainability and social responsibility.
Collaborate with local communities: Companies can collaborate with local communities to better understand Filipino values and customs. This can help them develop products and services that are culturally appropriate and resonate with local customers.
Practice corporate social responsibility: Companies can practice corporate social responsibility by giving back to the community and supporting social causes. This can help them build a positive reputation and foster goodwill among customers, while also demonstrating their commitment to Filipino values.
By adopting these strategies, companies can balance the importance of maintaining Filipino values in their business practices with the need to remain competitive in the global market
Edwin leases a pickup truck to use in his lawn care business. He pays a $2,000 deposit, $450 per month for 36 months, and an $80 title fee and a $240 license fee. What is his total lease cost?
Answers
Edwin total lease cost can be calculated by adding up all of the expenses he incurred during the lease term. Firstly, he paid a deposit of $2,000. Then, he paid $450 per month for 36 months, which amounts to $16,200. Additionally, he paid an $80 title fee and a $240 license fee.
To calculate the total lease cost, we add up all of these expenses:
Total lease cost = deposit + monthly payments + title fee + license fee
Total lease cost = $2,000 + $16,200 + $80 + $240
Total lease cost = $18,520
Therefore, Edwin's total lease cost for the pickup truck he used in his lawn care business was $18,520.
Hi! I'd be happy to help you with your question. To find Edwin's total lease cost, we need to consider the deposit, monthly payments, title fee, and license fee.
1. Deposit: $2,000
2. Monthly payments: $450 per month for 36 months = $450 x 36 = $16,200
3. Title fee: $80
4. License fee: $240
Now, let's add all these costs together:
Total lease cost = Deposit + Monthly payments + Title fee + License fee
Total lease cost = $2,000 + $16,200 + $80 + $240
Total lease cost = $18,520
So, Edwin's total lease cost for the pickup truck is $18,520.
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Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD? Pls explain how u got the answer
A) $200,000
B) $300,000
C) $60
D) $600,000
Answers
Answer: $600,000
Explanation:
The sales revenue will be gotten as:
= Cost + Contribution Margin
where,
Cost = $400,000
Contribution Margin = $20 x 10,000 = $200,000
Therefore, Sales revenue will be:
= $400,000 + $200,000
= $600,000
If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.
Answers
Explanation:
Short term loans are loans which are normally needed in order to take care of an emergency.
Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.
She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.
Also there are payday loans that she can lend from and pay back on her next pay day.
I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.
When a single firm can supply a product to an entire market at a lower cost than could two or more firms, the industry is called a a. resource industry. b. exclusive industry. c. government monopoly. d. natural monopoly.
Answers
Answer:
D. Natural Monopoly
Explanation:
Natural Monopoly occurs when a single firm can supply a product to an entire market at a lower cost than could two or more firms. A natural monopoly is based on economies of scale.
Economies of scale act as a barrier to entry because one large firm can produce the market output at a lower average cost than several small firms.
A natural monopoly is created by substantial economies of scale.
Natural monopoly is a type of monopoly that exists due to the high starts-up cost or powerful economies of scale.
Cisco uses the term the power of in-person to describe the ability of what technology to improve access to subject matter experts and to open doors for small business people?.
Answers
Cisco uses the term the power of in-person to describe the ability of Telepresence.
Telepresence: Technology that makes it possible for someone to act as though they are physically present in a distant or virtual location is known as Telepresence.
The foundation of telepresence is the creation of a two-way network proxy between a custom pod operating in a remote (or local) Kubernetes cluster and a process running on your development computer (bootstrapped using kubectl port-forward or OC port-forward).
The usage of telepresence robots to replace tour guides, night watchmen, factory inspections, and healthcare advisors is quite prevalent.
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I
In which book of original entry would you enter the following?
(a) Sales invoice
(b) Debit note-
(c) Cash sale-
(d) Purchase invoice-
(e) Credit note-
Answers
In a business setting, what types of organizations would place greater value on security rather than convenience? what types of organizations would prioritize convenience over security? What other industries can you identify that would benefit from the ability to capture large quantities of data in real time, analyze the data, and then use the results of those analyses to make better decisions?
Answers
Organizations handling sensitive information prioritize security, while those in industries where customer experience is key may prioritize convenience. Industries that could benefit from real-time data capture and analysis include logistics, transportation, manufacturing, sports, and entertainment.
Organizations dealing with sensitive data, such as healthcare providers, financial institutions, and government agencies, would prioritize security over convenience due to the need to protect confidential data and the potential for cyber threats.
Conversely, businesses in industries like retail and hospitality may prioritize convenience over security to provide customers with a seamless and frictionless experience.
Several industries could benefit from capturing and analyzing real-time data to make better decisions, including logistics, transportation, and manufacturing.
A logistics company can optimize delivery routes and track shipments to reduce costs and increase efficiency. Similarly, a manufacturer can monitor production processes, identify bottlenecks and inefficiencies, and improve quality control.
Additionally, industries such as sports and entertainment can use real-time data to enhance the fan experience by providing personalized recommendations and targeted marketing.
In summary, organizations handling sensitive information prioritize security, while those in industries where customer experience is key may prioritize convenience.
Industries that could benefit from real-time data capture and analysis include logistics, transportation, manufacturing, sports, and entertainment.
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. Research: Using reputable and recently published internet sources, research the
current U.S. saving rate. Is it higher or lower than 8%? What might have caused this
increase or decrease in saving behavior?
Answers
Saving refers the method of accumulating one's capital for future use and this is done by either no spending part of one’s income or cutting down certain costs.
Money which are saved are either in cash at hand, in a deposit account or being invested in financial instruments such as Money market etcAccording to Statistics from a reputable sources, for June 2021, the personal saving rate in the United States is 9.4 percent while in May, there was 10.3 percent in saving rate.In conclusion, the factor that contributes to decrease in saving rate is the continuous rise of goods and services (Inflation) while income remain constant.
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Faulty tools must be recorded first, ________ them and report it to the authorize personnel.
A. Condemned
B. Thrown
C. Marked
D. Used
Answers
Answer:
condemned or thrown I think
Which defines room and board?
O housing and meals that are often provided at additional cost
O monetary support that is used to help pay educational costs
O an educational institution or establishment, in particular one providing higher education
O a school that provides training in a specific skill or trade
Answers
Room and board are defined as educational institutions or establishments, particularly ones providing higher education. Thus the correct option is C.
What is the definition?A definition of any word is a detailed description defining the accurate meaning to the reader in order to gain information and understand the meaning to utilize in vocabulary and used in any sentence.
Education and knowledge are not equivalent. Education is the means by which you acquire knowledge, which is what you already know. Knowledge is any truth or piece of information that you can retain and apply. We discover new things through education.
Therefore, option C is appropriate.
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1. Which defines room and board?
housing and meals that are often provided at additional cost
2. What is the definition of a college?
an educational institution or establishment, in particular one providing higher education
3. Which describes financial aid?
monetary support that is used to help pay educational costs
4. Which defines continuing education?
the formal classes that focus on a specific area of study, not usually taken for credit
5. What is post-secondary education?
the education level that follows the successful completion of high school
4/20/2023Which cost is directly associated with a cost object?
Answers
The cost that is directly associated with a cost object is direct cost.
What are some examples of direct costs?A price that may be directly connected to the production of particular goods or services is known as a direct cost. A service, a product, or a department might be the cost object and be the source of a direct cost. Examples of direct costs are direct labor and direct supplies.
A price that may be directly connected to the production of particular goods or services is known as a direct cost. A service, a product, or a department might be the cost object and be the source of a direct cost.
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Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above
Answers
Answer:
I believe all of the above
Explanation:
went with what came to mind if its wrong very sorry.
A grocery store change, in the long run, is all of the above. Thus the correct option is D.
What is the importance of change?In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in achieving higher revenue by following trends and preferences.
If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.
A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.
The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.
Therefore, option D is appropriate.
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Samira works for a company with a strict top-down structure. Her daily tasks must conform carefully to written guidelines and rules, and she has very specific job responsibilities. Samira works for a(n) ______.
Answers
Answer:
Samira works for a mechanistic organization.
Explanation:
A mechanistic organization is one in which decision making is very centralized and hierarchical. The name of mechanistic organization comes from an analogy with a "machine", machines are run based on predetermined algorithms, and mechanistic organizations can be so rigid as to seem like they run almost like perfect machines.