What is the process of eliminating a product from the product mix when consumer preferences shift significantly, causing a product to decline
Answers
The process of eliminating a product from the product mix when consumer preferences shift significantly, causing a product to decline involves several steps. First, the company needs to identify that consumer preferences have indeed shifted and that the product is no longer meeting their needs or wants. This can be done through market research, surveys, and analyzing sales data. Once this is confirmed, the company should evaluate the financial implications of eliminating the product, including potential costs and benefits.
Next, the company should develop a plan for phasing out the product. This may involve gradually reducing production, offering discounts or promotions to clear existing inventory, and communicating with customers about the product's discontinuation. It is important for the company to handle this process carefully to minimize any negative impact on its brand reputation and consumer relationships. During this phase-out period, the company should also consider alternative products or services that can replace the declining product in the product mix. This can help meet the changing needs of the consumers and maintain market share. Once the product has been completely eliminated, the company should continue to monitor the market to ensure that it is responsive to the shifting consumer preferences and is adapting its product mix accordingly.
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Related Questions
during the introduction stage of a product’s life cycle, typical consumers are
Answers
During the introduction stage of a product's life cycle, typical consumers are the ones who are early adopters of the product.
The introduction stage of the product life cycle is the stage where a product is introduced in the market. The key features of the introduction stage are as follows: The market is generally small, and the product is new in the market. As a result, the product is relatively unknown. During this stage, advertising and promotion of the product are needed to generate awareness about the product and its features. A product's introductory price is usually higher than its subsequent price. This is because the company wants to recoup its research and development expenses and make a profit on its initial sales. The product's demand is low during the introduction stage of the product life cycle. It is difficult to predict the exact level of demand at this point, as it will depend on the product's uniqueness and how well it is marketed. Typical consumers during the introduction stage are early adopters of the product. These are the people who are quick to embrace new products and try them out. They are the ones who are excited about the newness of the product and willing to pay a premium price to be the first to own it.
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4. Explain the importance of technical vocational education
Answers
Explanation:
VET ( it prepares people to work in various jobs)
it is important business career
help to develop new professional skills
improve your current skills
retrain for new employment
improving quality of employment
if you can plz put this answer as a brainlist answer
An incomplete cost of goods manufactured schedule is presented below - Molina Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2014 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases $? 158,000 ? Total raw materials available for use Less: Raw materials inventory (12/31) 22,500 Direct materials used $190,000 ? Direct labor Manufacturing overhead Indirect labor 18,000 36,000 Factory depreciation Factory utilities 68,000 Total overhead 122,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured Identify the missing data. You MUST show all necessary calculations. [5 Marks] $210,000 ? ? 81,000 $530,000
Answers
To determine the missing data in the cost of goods manufactured schedule, we need to calculate the values step by step.
1. Direct materials used:
To calculate direct materials used, we need to find the difference between the total raw materials available for use and the raw materials inventory at the end of the period:
Total raw materials available for use = Raw materials inventory (1/1) + Raw materials purchases
Total raw materials available for use = $? + $158,000 = $?
Next, we subtract the raw materials inventory at the end of the period to find direct materials used:
Direct materials used = Total raw materials available for use - Raw materials inventory (12/31)
Direct materials used = $- - $22,500 = $190,000
2. Manufacturing overhead:
To find the missing data for manufacturing overhead, we need to add up the individual components:
Manufacturing overhead = Indirect labor + Factory depreciation + Factory utilities + ?
Given that the total overhead is $122,000, we can calculate the missing value as follows:
? = Total overhead - (Indirect labor + Factory depreciation + Factory utilities)
? = $122,000 - ($18,000 + $36,000 + $68,000) = $?
3. Work in process (12/31):
To calculate the cost of work in process at the end of the period, we subtract the work in process at the beginning of the period from the total cost of work in process:
Cost of work in process = Total manufacturing costs - Work in process (1/1)
Cost of work in process = $530,000 - $210,000 = $?
By performing the calculations above, you should be able to determine the missing values in the cost of goods manufactured schedule.
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a firm reported salaries expense of $244,000 for the current year. the beginning and ending balances in salaries payable were $41,000 and $10,000, respectively. what was the amount of cash paid for salaries?
Answers
The amount of cash paid for salaries during the year was $275,000.
To determine the amount of cash paid for salaries, we need to calculate the change in salaries payable during the year.
Beginning Salaries Payable = $41,000
Ending Salaries Payable = $10,000
Change in Salaries Payable = Ending Salaries Payable - Beginning Salaries Payable
Change in Salaries Payable = $10,000 - $41,000 = -$31,000
Since the change in salaries payable is negative, it means that the company paid more in salaries than it accrued during the year.
To calculate the cash paid for salaries, we need to adjust the reported salaries expense by the change in salaries payable:
Cash Paid for Salaries = Reported Salaries Expense + Decrease in Salaries Payable
Cash Paid for Salaries = $244,000 - (-$31,000) = $275,000
Therefore, the amount of cash paid for salaries during the year was $275,000.
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Which of the following could be a trade secret?
Answers
where are the questions there are not questions
how am i supposed to help you if there is no questions
If "too much choice" is a problem for consumers, it would occur in which market structure(s):
a. Perfect competition,
b. Monopoly,
c. Monopolistic competition,
d. Perfect competition and monopolistic competition.
Answers
If "too much choice" is a problem for consumers, it would occur in monopolistic competition market structure .
When several firms offer competing services or products that are similar but not perfect alternatives, monopolistic competition develops. In a monopolistic competitive industry, the barriers to entry are low, and the choices of any one business have little direct impact on its competitors. Pricing and marketing strategies help competing organizations differentiate themselves.
Monopolistic competition arises when several firms offer similar but not identical items. Monopolistic companies distinguish their products via price and marketing methods. In monopolistic competition, entry barriers, or the costs or other restrictions that prevent new rivals from joining an industry, are low. Monopolistic competition occurs between a monopoly or perfect competition, including features of both and includes firms with comparable, but not identical, product offers.
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The _____ is a voice for small business.
SCORE
SBDC
SBA
PLEASE HURRY 15 POINTS AND BRAINLIST TO FIRST PERSON TO ANSWER CORRECTLY
Answers
Answer:
I believe it's the SBDC but I'm not 100% sure tho
Answer:
SBA
Explanation:
its also called NFIB i think
Jarrah sells office supplies from a store in Sandusky, Ohio. He decides to hire a web developer to create a website for customers with the option to view and purchase office supplies. This example best describes the concept of ________, which is a(n) ________ force.
Answers
The instance best describes the concept of e-commerce, which is a technological force.
What is E-commerce?E-commerce is the purchasing and selling of products and services, as well as the transfer of payments or data, through an electronic network, most notably the internet.
These transactions might be business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), or consumer-to-business (C2B). In the above situation, the instance best describes e-commerce, which is a technical force.
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which principle defines how many times something repeats.
Answers
The principle that defines how many times something repeats itself is called the repetition compulsion.
This psychological principle was studied by psychoanalyst Freud as an essential component for mental analysis, as the discovery of patterns of repetitive behavior is aimed at the unconscious and instinctive search for:
pleasure and to avoid contempt.Therefore, repetition compulsion is related to repetition of behaviors in the form of dreams and neuroses in the form of the individual unconsciously seeking to assume a slightly more dominant role over an event that may have generated trauma.
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Is streaming Business in form 4 Diffult?. Justify your Answer.
Answers
Answer:
money
Explanation:
because when you have a business you are making money
What is one of the best ways to avoid credit problems? A. Use your credit as often as possible. B. Apply for as many credit cards as you can. C. Pay your credit bills on-time each month. D. All of the above
Answers
Answer:
d. all of the above
Explanation:
they all make sense
Standard & Poor’s and Moody’s would be least helpful while making decisions concerning the purchase of _____.
municipal bonds
savings bonds
junk bonds
corporate bonds
Answers
Answer:
The correct approach is Option b (Savings bonds).
Explanation:
Securities from either the United States treasury or such an outside approved agency which always demonstrate that the extra revenue was committed to that same administration and therefore is due to the designated individual is considered as Saving bonds.They have been utilized to support their activities by raising financial resources as well as redistributing wealth and infrastructure.The other given alternatives aren't related to the given scenario. So the above is the right answer.
Suppose that the installation of Low-Loss thermal windows is expected to save $350 per year on your home heating bills. If you expect to occupy your home for 18 years and could earn 8% per year on other investments, how much can you afford to pay now to have the new windows installed
Answers
You can afford to pay the $ 3280.15 needed to install the new windows right away.
How would you define savings?The earnings that are not immediately used for expenses are preserved. In other ways, it refers to money that is stored away for later use rather than being immediately spent.
Briefing:
Savings per year = $350
Year = 18 ( n )
Interest rate ( r ) = 8%
The amount that can be afford to speed now for then window :
= saving on home heating bill \(*[\frac{1-(1+r)^{-n} }{r} ]\)
= \($350*[\frac{1-(1+0.08)^{-18} }{0.08} ]\)
= \($350*[\frac{1-(1.08)^{-18} }{0.08} ]\)
= \(350* [\frac{1-0.25025}{0.08} ]\)
= \(350* [\frac{0.74975}{0.08} ]\)
= $350 * 9.371875
= $ 3280.15
Thus, $ 3280.15 you afford to pay now to have the new windows installed.
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Write about the three motivational theorists. (Herzberg, Maslow and Taylor)
Answers
1. Frederick Herzberg:
Frederick Herzberg developed the Two-Factor Theory, also known as the Motivation-Hygiene Theory. According to Herzberg, there are two sets of factors that influence motivation and job satisfaction. The first set, called hygiene factors, includes aspects such as company policies, working conditions, salary, and interpersonal relationships. These factors, when lacking or inadequate, can lead to dissatisfaction. The second set of factors, known as motivators, includes elements like achievement, recognition, responsibility, and personal growth. Motivators are related to intrinsic rewards and can enhance job satisfaction and motivation.
2. Abraham Maslow:
Abraham Maslow is known for his theory of human motivation called the Hierarchy of Needs. Maslow proposed that individuals have a hierarchy of needs that must be fulfilled in a specific order. The hierarchy includes physiological needs (such as food, water, and shelter), safety needs, social needs, esteem needs, and self-actualization needs. Maslow believed that individuals must satisfy their basic needs before progressing to higher-level needs. Once the lower-level needs are met, people strive for self-actualization, which involves realizing their full potential and personal growth.
3. Frederick Taylor:
Frederick Taylor is often referred to as the father of scientific management. His theory, known as Taylorism or Scientific Management, focused on improving efficiency and productivity in the workplace. Taylor believed that organizations should carefully study work processes and find the most efficient methods to perform tasks. He emphasized the importance of task specialization, standardization, and scientific selection of workers. Taylor’s approach involved breaking down tasks into smaller components and scientifically determining the most efficient way to perform each task. He also emphasized the need for fair compensation and incentives to motivate workers.
These three motivational theorists have contributed significantly to our understanding of human motivation and have provided frameworks to enhance employee satisfaction, productivity, and overall organizational performance.
There are three influential theorists who have made significant contributions to the understanding of motivation in the workplace: Frederick Herzberg, Abraham Maslow, and Frederick Taylor.
Frederick Herzberg was a renowned psychologist and management theorist known for his contributions to the understanding of employee motivation. He developed the two-factor theory, also known as the motivation-hygiene theory or dual-factor theory. According to Herzberg, there are two sets of factors-- hygiene factors and motivators that influence employee satisfaction and motivation.
Abraham Maslow was a prominent psychologist who proposed the hierarchy of needs theory. Maslow's theory suggests that individuals have a hierarchy of needs that must be fulfilled in a specific order to achieve motivation and self-actualization.
Frederick Taylor, often referred to as the father of scientific management, focused on improving productivity and efficiency in the workplace. His theories emphasized the scientific study of work processes and the implementation of standardization and specialization.
Overall, these three motivational theorists—Herzberg, Maslow, and Taylor contributed valuable insights into understanding what drives individuals in the workplace, whether through job enrichment, the fulfillment of hierarchical needs, or the optimization of productivity and efficiency.
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Have you seen Zack Snyder's Justice League on HBO Max?
Answers
Answer:
YES!
Explanation:
IT WAS AMAZING I WANT MORE DC FILMS LIKE THAG I DON'T CARE IF ITS ON HBO MAX I WANT MORE
what is multi mirror function in shopping malls and shop
Answers
Big shoppin stores are inside a large complex and it is not possible to have so many employees to look over each and every counter in the complex individually . So owners have to find something by which they could look over a large place at once and in this way the mampower required would also be less. So, to attain this need ,they use convex mirrors to watch the activities of the customers . Convex mirror is used as it has a large field of view , hence it allow the shopkeeper to track all the activities inside the store at once and for all.
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When performing a job search, which two of the following tips should you employ in regard to the keywords you use?
Use five or more keywords at the same time.
Choose narrowed over broad keywords.
Use the same keyword every time.
Use variations of keywords to broaden your results.
Consider unrelated keywords for the topic.
Answers
Two of the following tips you should employ in regard to the keywords you use for job:
Choose narrowed over broad keywords.Use variations of keywords to broaden your results.Keywords are words or brief phrases related to specifications for a particular project. To filter through resumes and focus on candidates who have the qualifications they need, hiring managers employ keywords. Additionally, many businesses employ applicant tracking systems (ATS) to discover the most pertinent candidates.
Using job-related keywords is crucial for a number of reasons, such as: makes job applicants stand out: Candidates may have a higher chance of being discovered by employers or hiring managers if they include the appropriate keywords in their resume, cover letter, and other professional documents.
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answers
Answer:
D) wait until the contract has ended
Georgia was responsible for dealing with customer complaints. She had a customer who was very angrily accusing the store's sales associate of disrespecting him while attending to him. What should georgia do?.
Answers
Georgia should apologize and ask for details about the situation.
Who is the customer?A customer is a person who places an order for a product, pays for a product or service, and then receives it.
What is the best way to deal with a furious customer?Maintain composure.Use strategies for active listening.Summarize what your clients have said.Thank them for bringing it to your attention.Pick a time to get in touch with them again, if required.Who is in charge of responding to client complaints?All customer concerns must be documented, addressed, and communicated to the consumer by the sales manager.
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Which of the following is NOT an improvement-driven reason to outsource?
Multiple Choice
a.Improve risk management
b.Increase commitment in a non-core area
c.Shorten cycle time
d.Improve quality and productivity Obtain expertise,
e.skills and technologies that are otherwise not available
Answers
The correct answer is b) Increase commitment in a non-core area.
When considering outsourcing decisions, organizations often prioritize improvement-driven reasons that can lead to enhanced performance and efficiency. Options a, c, d, and e all represent improvement-driven reasons for outsourcing, while option b does not.
a) Improve risk management: Outsourcing can help mitigate risks by transferring certain functions or processes to external experts who have specialized knowledge and resources to handle those risks effectively.
c) Shorten cycle time: Outsourcing can accelerate the delivery or completion of specific tasks or processes, allowing organizations to achieve faster turnaround times and meet customer demands more efficiently.
d) Improve quality and productivity: Outsourcing to specialized service providers can result in improved quality standards and increased productivity due to the expertise and focus they bring to the outsourced functions.
e) Obtain expertise, skills, and technologies that are otherwise not available: Outsourcing can provide access to external resources, knowledge, and technologies that may be difficult or costly to develop in-house, enabling organizations to leverage specialized expertise and stay competitive.
On the other hand, option b, "Increase commitment in a non-core area," is not an improvement-driven reason for outsourcing. Increasing commitment in a non-core area suggests a strategic decision to allocate more resources or attention to a function or area that is not central to the organization's core operations. This does not directly align with the typical objectives of outsourcing, which are primarily focused on improving efficiency, reducing costs, accessing specialized expertise, and enhancing overall performance.
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______is a firm’s engagement in social actions because of its obligation to meet certain economic and legal responsibilities.
Answers
Obligatory social actions undertaken by a firm to fulfill economic and legal responsibilities.
The term that describes a firm's engagement in social actions due to its obligation to meet certain economic and legal responsibilities is known as "corporate social responsibility" (CSR). CSR refers to a company's commitment to conducting its business in an ethical and responsible manner, considering the impact of its actions on various stakeholders, including employees, customers, communities, and the environment. It encompasses a range of activities, such as adhering to legal regulations, promoting fair business practices, protecting the environment, supporting community development, and ensuring the well-being of employees. By fulfilling economic and legal responsibilities through CSR initiatives, firms aim to maintain their social license to operate, build positive reputations, and contribute to sustainable development.
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when the federal government crafts environmental policies that make it less expensive for firms
Answers
Crafting environmental policies that make it less expensive for firms can have several positive impacts on the economy, the environment, and the overall well-being of society.
When the federal government implements policies that reduce the costs for firms to comply with environmental regulations, it incentivizes businesses to adopt more environmentally friendly practices. By lowering the financial burden associated with implementing sustainable measures, firms are more likely to invest in technologies and processes that reduce their carbon footprint, minimize pollution, and conserve natural resources. This leads to a reduction in the overall environmental impact of industrial activities.
Additionally, cost-effective environmental policies can stimulate economic growth and create job opportunities. When firms are able to operate in a more sustainable and cost-efficient manner, they can allocate resources towards innovation, research, and development. This fosters the growth of green industries and promotes the emergence of new markets for environmentally friendly products and services. Consequently, these industries can generate employment opportunities and contribute to a more sustainable and resilient economy.
Moreover, affordable environmental policies can enhance public health outcomes. By encouraging firms to adopt cleaner technologies and reduce pollution, the negative health effects associated with environmental degradation, such as respiratory illnesses and water contamination, can be minimized. This leads to improved air and water quality, creating a healthier living environment for communities and reducing healthcare costs associated with pollution-related ailments.
In conclusion, when the federal government crafts environmental policies that make it less expensive for firms, it creates a win-win situation for the economy, the environment, and public health. By incentivizing businesses to adopt sustainable practices, these policies can drive economic growth, create jobs, reduce environmental degradation, and improve public health outcomes.
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which part of our body is affected by plogue pose?
Answers
Answer:
spine and shoulders are affected
The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.
Plow PoseIt is a stretching exercise which keeps your body fit and flexible.
Doing stretching exercise regularly benefits the body mucles and tendons.
The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.
This pose affects our spine and also our shoulders.
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Hugh has experience as a firefighter and a degree in chemistry. What company might be interested in hiring Hugh?
A. A national district court looking for a video surveillance tech
B. a state agency looking for a fire inspector
C. a drug rehabilitation facility in need of a nurse
D. a city police force in need of a dispatcher
Answers
Answer:
B. a state agency looking for a fire inspector
Explanation:
Because he is a firefighter with a degree in chemistry and a fire inspector is the best fitting company to hire hugh.
Answer:
B, a state agency looking for a fire inspector!
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the:
Answers
Answer: Business entity assumption.
Explanation: assume enitities
The accounting concept that requires every business to be accounted for separately from other business entities, including its owner or owners is known as the business entity assumption.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
The accounting concept helps improve the recording of the income and position statement of business mainly referred to as financial statements and provides better accuracy of transactions which helps in easy interpretation.
The business entity assumption focused on the individual entity of any business separate from another business entity which makes it unique and distinguishable from others.
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Kristina works at a coffee shop. She can produce 200 coffee drinks in four hours. What is her productivity for one hour?
Answers
Answer: She can produce 50 drinks in 1 hour, 200/4 = 50
Answer:
50
Explanation:
divide 200 by 4
hope this helps dont 4get to like and star
-mercury
3-Define "Pure Risk"
and provide and
provide an example
Answers
Pure risk is a risk in which there is only a possibility of loss or no loss—there is no possibility of gain. Pure risk can be categorized as personal, property, or legal risk.
Example:
→ A car accident.
If a person damages a car in a accident, there would obviously be no gain from it. The only outcome possible of this event would result in a loss, making this example a pure risk.
Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?
Answers
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,
The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.
The visual enhancement of any drawing through color, value, and texture
Answers
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
Question 9 of 10
The amount of money you must pay to maintain an insurance policy is called
the
A. coverage
B. premium
C. liability
O D. deductible
SUS
Answers
Answer:
B. premium
Explanation:
hope this helps
Answer:
The answer is liabilities