The dissolution of 2 business entities and the emergence of a merger of 2 new businesses is referred to as consolidation.
What is consolidation?Business consolidation is defined as an act of unification of corporations through the dissolution or formation of a new one. The new company will later take over all the rights and obligations of each company that has been merged. Consolidation can be applied to limited liability companies, cooperatives, UD, PD, CV, and firms.
The purpose of consolidation is :
To save the company's assetsStrengthen the company by joining other companiesEstablish and strengthen market shareRenew the company's performance to make it more profitableReducing the level of business competition riskProviding guarantees of supply, sales, and distributionProduct diversification of goods or servicesLearn more about the difference between merger and acquisition here :
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The model in which managers use their organization's existing core capabilities to expand into foreign markets is called the
Answer:
international model
Explanation:
In the case when the managers use the core capabilities of the organization in over to diversify into the foreign markets so this we called as the international model. As due to this the organization could capture the foreign market share this result in increased in the sales of the organization
So as per the given situation, the above represent the answer
Which statement is true regarding monopolistic competition?
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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7 thousand shares of treasury stock of Marker, Inc., previously acquired at $14 per share, are sold at $20 per share. The entry to record this transaction will include a
Based on the information given the entry to record this transaction will include a credit to additional paid-in capital for $42,000.
Marker, Inc. Journal entry
Debit Cash $140,000
(7,000 shares×$20 per share)
Credit Treasury stock $98,000
(7,000 shares×$14 per share)
Credit Additional paid-in capital - treasury stock $42,000
[($20-$14)×7,000 shares]
(To record treasury stock)
Inconclusion the entry to record this transaction will include a credit to additional paid-in capital for $42,000.
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Understanding Relationships between Overhead Variances, Budgeted Amounts, and Actual Units Produced and Direct Labor Hours Worked Last year, Gladner Company had planned to produce 140,000 units. However, 143,000 units were actually produced. The company uses direct labor hours to assign overhead to products. Each unit requires 0.9 standard hour of labor for completion. The fixed overhead rate was $11 per direct labor hour, and the variable overhead rate was $6.36 per direct labor hour. The following variances were computed:
Fixed overhead spending variance $24,000 U
Variable overhead spending variance $9,196 U
Fixed overhead volume variance 29,700 F
Variable overhead efficiency variance 1,272 U
Required:
1. Calculate the total applied fixed overhead.
2. Calculate the budgeted fixed overhead.
3. Calculate the actual fixed overhead.
4. Calculate the total applied variable overhead.
5. Calculate the number of actual direct labor hours.
6. Calculate the actual variable overhead.
Answer:
Explanation:
1) Fixed Overhead applied = Actual unit produced * Standard hour * Direct labor hour
Fixed Overhead applied = 143,000 * 0.9 * $11
Fixed Overhead applied = $1,415,700
2) Budgeted fixed overhead = 140,000 * 0 .9 * $11
Budgeted fixed overhead = $1,386,000
3) Actual fixed overhead = Spending variance + Budgeted overhead
Actual fixed overhead = $24,000 + $1,386,000
Actual fixed overhead = $1,410,000
4) Applied variable overhead = 143000*0.9*$6.36
Applied variable overhead = $818,532
5) Variable efficiency variance = (AH*SR) - (SH*SR)
1272 = (AH * 6.36) - 818,532
1272 + 818,532 = AH *6.36
AH = 819804/ 6.36
Actual hours = 128,900 hours
6) Variable spending variance = AH*(AR -SR)
9196 = 128,900( AR - 6.36)
9196 /128,900 = AR - 6.36
0.07134 = AR - 6.36
AR = 0.07134 + 6.36
AR = $6.43 per labor hour
Actual overhead = $6.43 * 128,900
Actual overhead= $828,827
1.
Total fixed Overhead applied is
= 143000 × .9 × 11
= $ 1,415,700
2.
Budgeted fixed overhead is
= 140,000 × .9 × 11
= $ 1,386,000
3.
The actual fixed overhead is
= Spending variance + Budgeted overhead
= $24000 + $ 1,386,000
= $ 1,410,000
4.
The total applied variable overhead is
= 143000 × .9 × 6.36
= $818,532
5.
The variable efficiency variance = (Actual hours × Standard rate) - (Standard hours × Standard rate)
1272 = (Actual hours × 6.36 ) - 818,532
1272 +818,532 = Actual hours × 6.36
Actual hours = 819804÷ 6.36
= 128,900 hours
6.
The actual variable spending variance = Actual Hours(Actual rate -Standard rate)
9196 = 128,900(Actual rate - 6.36)
9196 ÷ 128,900 = Actual rate - 6.36
0.07134 = Actual rate - 6.36
Actual rate = 0.07134 + 6.36
= 6.43 Per labor hour
Now
Actual overhead = 6.43 × 128,900
= $828,827
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what are two nonmarket ways of distributing goods and services
Answer: Rationing and Black Market
A business owner is aware that the Department of Labor has created rules
that require overtime pay for employees. When he works his employees more
than 40 hours in one week, he makes sure that he works them less than 40
hours the following week. The business owner feels that it is fair to average
the number of hours worked over the two weeks covered by the pay period
and use that number for calculating overtime pay. A representative of the
Department of Labor informs him that their regulations do not permit this,
Which of the following is true in this situation?
Answer:
the buisness owner must comply to the department of labor regulations
Explanation:
where does the 32 come from in cash received for common stock issued
koshys coffe in bagalore is quaint establishment nesteld near mg road in the central business distirct it serves coffee and fruit cake to a clientel that has been enjoying these products for over fifty years the demand for coffee beans is 6600 cases per year each case has 24 ten pound bags it would be distraus fro them to run out of coffe so tye keep a safety stock of 30 cases the cases cost 4800 and it costs 5 per case to order coffee. as coffee is perishable prudct the holding ocst is fairly hight 40/case/year the lead time to recive an order is seven days koshys is open 300 days a year.
What is their annual ordering cost if they order at their EOQ level?
Answer:
812.41
Explanation:
Demand D = 6600 cases
Ordering cost S = 5
Holding cost H= $40
Economic order quantity = EOQ
Q = \(\sqrt{2DS/H}\)
Q = \(\sqrt{(2*6600*5)/40}\)
Q = \(\sqrt{1650}\)
Q = 40.620192
Q = 40.62 cases
Annual ordering cost = D * S / EDQ
Annual ordering cost = 6600 * 5 / 40.62
Annual ordering cost = 33000 / 40.62
Annual ordering cost = 812.4076809453471
Annual ordering cost = $812.41
So, their annual ordering cost if they order at their EOQ level is 812.41
Forsyth Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. During the year, the company produced and sold 10,000 units at a price of $135 per unit. Its standard cost per unit produced is $105 and its selling and administrative expenses totaled $235,000. Forsyth does not have any variable manufacturing overhead costs and it recorded the following variances during the year:
Materials price variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,500 F
Materials quantity variance . . . . . . . . . . . . . . . . . . . . . . . . $10,200 U
Labor rate variance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500 U
Labor efficiency variance . . . . . . . . . . . . . . . . . . . . . . . . . . $4,400 F
Fixed overhead budget variance . . . . . . . . . . . . . . . . . . . . . $2,500 F
Fixed overhead volume variance . . . . . . . . . . . . . . . . . . . . $12,000 F
Required:
1. When Forsyth closes its standard cost variances, the cost of goods sold will increase (decrease) by how much?
2. Using Exhibit 10B-5 as a guide, prepare an income statement for the year.
Dylan Corporation
Income Statement
For the year ended 12/31/xx
dollars in thousands
Sales 5270
Cost of goods sold at stanadard 4335
Total variance adustments 36
Cost of goods sold 4371
Gross margin 899
Selling and administrative expenses 450
Net operating income 449
Answer:
See below
Explanation:
1. Computation of cost of goods sold
Materials Price Variance
$6,500 F
Materials Quantity Variance
$10,200 U
Labor Rate Variance
$3,500 U
Labor Efficiency Variance
$4,400 F
Fixed Overhead budget variance
$2,500 F
Fixed Overhead volume variance
$12,000 F
Cost of goods sold
$11,700
2. Net operating statement
Sales[$153 × 10,000]
$1,530,000
Less: Cost of goods sold
Cost of goods sold at standard [$105 × 10,000]
$1,050,000
Cost of good sold adjusted
($11,700)
Variance adjustment Balance
$1,038,300
Gross profit
$491,700
Less selling and administrative expenses
($235,000)
Net operating income
$256,700
Which investment bank underwrote the most bonds in 2013 and 2014?
The investment bank that underwrote the most bonds in 2013 and 2014 is: J.P. Morgan.
What is investment bank?
Investment bank is a financial institution that render various types of investment services to their clients or customers. Investment tend to deals in buying and selling of shares to investors.
J.P. Morgan was an investment bank that offers various investment services to investors and was known as the investment bank that underwrote the most bonds in the year 2013 and year 2014.
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ÇIBIL sCore is not the only credit Score in India.
In India, there are actually multiple credit scoring systems that are used to evaluate an individual's creditworthiness.
While the CIBIL score is certainly one of the most well-known and widely used credit scores in India, it is not the only credit score that lenders and financial institutions rely on. Other credit bureaus such as Experian, Equifax, and CRIF High Mark also offer credit scores that are used by lenders to assess the creditworthiness of borrowers.
Each credit bureau may use a slightly different methodology to calculate credit scores, which is why it's important for individuals to check their credit scores from all relevant bureaus to get a complete picture of their creditworthiness. Additionally, lenders may have their own internal credit scoring systems that take into account other factors beyond just credit history, such as income and employment status.
Therefore, it's important for individuals to be aware of all the credit scoring systems that are used in India and to regularly monitor their credit scores from multiple sources to ensure they have a comprehensive understanding of their financial standing.
By maintaining a good credit score across multiple credit bureaus, individuals can increase their chances of being approved for loans, credit cards, and other financial products with favorable terms and interest rates.
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2. What are the main costs associated with higher education? Why might the financial burden of college actually be economically worthwhile?
The major expenses or costs that are associated with higher education are tuition and fees, books and suppliers, room and board, personal expenses, and transportation.
What do you mean by costs?Costs refer to the price paid for acquiring, producing, or maintaining something.
The major costs associated with education are books and suppliers, tuition and fees, room and board, and transportation.
Growing demand, rising financial aid, and exploding costs of administrators are the reasons that led to the increase in college costs.
The financial burden of college will be worthwhile having higher lifetime earnings, indirect financial benefits jobs, etc.
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Why are Americans dependent of what is produced in other countries
Answer:
Climate, resources, cheap labor and outsourcing of manufacturing jobs.
Explanation:
As a developed country, labor cost are higher in the US in comparison to most of world. US consumers expect best price for their money. So many manufacturers have moved overseas to keep labor cost low and make a better profit while satisfying their consumers. Then mass ship items to keep cost low. Also some produced can only be grown in climates that the US doesn't have. There are some resources the US have that others countries. The mineral gold is much more plentiful in Africa but is widely used in electronics. The US is a prime buyer of electronics.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Larry was shopping at a Target store when he suddenly remembered he had an appointment with his Law 240
professor. Larry placed his backpack on a table, pulled his calendar notebook out of his backpack to confirm the
time he wrote down with the time stated in his phone calendar app, and quickly discovered that he would be late
for the appointment. Larry put the notebook back into his backpack and ran out of the store. As he exited, the
security guard asked Larry to accompany the guard to an office at the back of the store. Larry went with the guard.
Once there, the guard accused Larry of shoplifting and searched the backpack. The guard found the calendar
notebook, saw that it was already used and marked in, and apologized to Larry, explaining that the store had
recently been experiencing an outbreak of thefts. The whole incident took less than five (5) minutes. Under these
circumstances:
a. The Target store has a conditional privilege to stop persons it believes are shoplifting and the guard did not
detain Larry for an unreasonable period.
b. Larry can sue the Target store for false imprisonment.
c. the Target store has no conditional privilege to stop persons it believes are shoplifting and will be liable for
punitive damages.
d. Larry can sue the Target store for emotional distress and battery.
Answer:
d
Explanation:
Andrew purchased a stock for $250 and sold it for $175 one year later. If he earned a dividend income of $180, the stock's yield is:
Answer:
the answer is 605$ that Math
2. Which aspect of professionalism do you feel that you are strongest at? Explain why you think so. (1-3 sentences. 2.0 points)
Answer:
I feel like my strongest aspect of professionalism would be communication. My career interests require lots of communication with customers. I would need to be able to communicate with the customer’s feelings and needs for whichever situation they are in and what they want to accomplish.
Explanation:
If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answer:
B.
Prioritize and make a budget.
in a printing job, the cost of producing a thousand brochures was GH3500.The publisher decided to sell these brochures at 125% gross profit.How much shall he sell each brochure
1000 Brochures making cost = GH3500
Profit = 125%
= 125/100×3500
= 4375
Profit = 875
Each brochures = 4375/1000
= 4.375
Therefore each brochures will be sold at GH 4.375
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Illustrate how according to you the nature of business is
changing in today's time in a paragraph.
Suppose the demand for French bread rises. Explain what happens to producer surplus in the market for French bread. Explain what happens to producer surplus in the market for flour.
Answer:
When the demand for French bread rises, the price of French bread will likely increase as well. This means that the quantity of French bread that sellers are willing and able to sell at each price will increase. As a result, the total amount of revenue that sellers of French bread receive will increase, which means that producer surplus in the market for French bread will increase.
In the market for flour, the increase in demand for French bread may lead to an increase in the price of flour. This is because the increased demand for French bread will likely increase the demand for flour as well, since flour is a key ingredient in making French bread. As the price of flour increases, the producer surplus in the market for flour will also increase.
It's worth noting that the exact change in producer surplus in the market for flour will depend on the elasticity of supply of flour. If the supply of flour is relatively inelastic, the increase in price will result in a larger increase in producer surplus, whereas if the supply of flour is more elastic, the increase in price will result in a smaller increase in producer surplus
One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?
Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.
Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.
Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.
Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.
Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.
Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.
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What are the three main variables among the different types of life insurance policies?
O how long the coverage lasts, how much the premium costs, and the cash value
O length of coverage, application process, death benefit amount
O length of coverage, whether a physical is required, and cost of the premium
O the cost of the riders, funeral cost coverage, and cash value.
Answer:
The three main variables among the different types of life insurance policies are how long the coverage lasts, how much the premium costs, and the cash value.
Answer: The three key differences between the various types of life insurance policies are the duration of the coverage, the cost of the premium, and the cash value.
Explanation: The three key differences between different types of life insurance policies are the length of coverage, the cost of the premium, and the cash value.
Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.
However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.
To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:
Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.
Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?
Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;
Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.
All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.
The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.
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What conditions would justify the assumption of a constant contribution margin per customer? Do you think those conditions are likely to hold here? To support your conclusions, do a scatter plot of the sample data, and then use the sample data to run a regression of purchase costs (dependent variable) on purchase revenues (independent variable). [Hint: What is the meaning of the intercept term of your regression results?]
The assumption of a constant contribution margin per customer can be justified when product mix, fixed costs, selling price, and variable costs remain constant, but it is unlikely to hold in real-world situations, and regression analysis can be used to investigate its validity.
The assumption of a constant contribution margin per customer can be justified when the product mix sold to customers remains constant, and there are no changes in the fixed costs of the company.
Additionally, the selling price of the product should remain the same, and there should be no changes in the variable costs of the product.
It is unlikely that these conditions hold in real-world situations. However, depending on the nature of the business and the products offered, the assumption of a constant contribution margin per customer may be a reasonable approximation.
To investigate whether the assumption of a constant contribution margin per customer holds in this case, we can create a scatter plot of the sample data and run a regression of purchase costs on purchase revenues.
The intercept term of the regression results represents the fixed costs that the company incurs, regardless of the level of sales. If the intercept term is significant, it suggests that there are fixed costs that the company must incur, even if it sells no products.
This would contradict the assumption of a constant contribution margin per customer, as the fixed costs would affect the contribution margin for each customer.
Therefore, we need to run a regression of purchase costs on purchase revenues to investigate whether the assumption of a constant contribution margin per customer holds.
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New Venture Management (1)
1. Discuss the below pricing strategies that would be suitable at each stage based on the product life cycle.
1.
Product Life Cycle Stage
Introductory Stage
* Unique product
* Non-unique product
Pricing Strategy
* Skimming
* Penetration
2.
Product Life Cycle Stage
* Growth stage
Pricing Strategy
* Consumer pricing
3.
Product Life Cycle Stage
* Maturity stage -
Pricing Strategy
* Demand-oriented pricing
4.
Product Life Cycle Stage
* Decline stage
Pricing Strategy
* Loss leader pricing
In the context of the product life cycle, different pricing strategies are suitable for each stage. Let's discuss the pricing strategies that would be suitable at each stage:
Introductory Stage:
Unique product: Skimming Pricing Strategy: This strategy involves setting a high initial price to capture the early adopters and customers who are willing to pay a premium for the innovative and unique features of the product. Over time, as competition increases, the price can be gradually lowered.
Non-unique product: Penetration Pricing Strategy: This strategy involves setting a low initial price to quickly gain market share and attract customers. The goal is to penetrate the market by offering competitive pricing and capturing a large customer base. As the product gains traction and demand increases, the price can be adjusted upwards.
Growth Stage:
Pricing Strategy: Consumer Pricing: At this stage, the product has gained market acceptance, and competition may be intensifying. Consumer pricing strategies involve setting prices based on the perceived value of the product to the target customers. Prices can be set at a level that provides a balance between profitability and customer satisfaction, considering factors such as competition, customer preferences, and market dynamics.
Maturity Stage:
Pricing Strategy: Demand-Oriented Pricing: In the maturity stage, the market becomes saturated, and there may be a slowdown in customer growth. Demand-oriented pricing strategies focus on adjusting prices based on the current market demand and customer sensitivity to price changes. This may include pricing tactics such as discounts, promotional offers, and pricing bundles to maintain market share and stimulate demand.
Decline Stage:
Pricing Strategy: Loss Leader Pricing: In the decline stage, the market demand decreases as the product becomes outdated or faces competition from newer alternatives. Loss leader pricing involves setting the price of the product below cost or at a minimal profit to attract customers and generate sales. The goal is not necessarily to make a profit but to liquidate inventory, retain some loyal customers, or create opportunities for upselling or cross-selling other products.
It is important to note that these pricing strategies are not fixed and can be adjusted based on specific market conditions, competitive factors, and the overall business strategy. Flexibility and adaptability in pricing decisions are crucial throughout the product life cycle to ensure sustained success and profitability.
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What is the importance of having a right organizational design in a company?
Answer:
Increased efficiency. Faster and more effective decision making. Improved quality of goods and services.
Secondary data is often gathered primary data
Answer:
Is often gathered BEFORE primary data
Explanation:
:)
Why was Charles I executed in 1649?
Answer:
A feasibility study is aimed primarily at