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Answer:
Explanation:
In case a cadbury's chocolate as cadbury owns the 80 percent of the market.
In case b water as water is daily need and cost of making is low and selling is high
in case c ciggrates are more elastic as for now ciggrates are addiction for large number of people.
In case d computer is used in day to day life and its easy to carry information rather than notepad
case e heating oil in one week as massaging body per week in required
case f bread is cheap as per caviar so large number of people can have in every case
Related Questions
a company doing marketing research finds that a 10 percent decrease in its product's price would create a 12 percent increase in the quantity demanded
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A company conducting marketing research discovers that a 10% increase in the price of its product results in a 5% decrease in the quantity demanded of its product Elastic.
What is Quantity demanded?In economics, quantity demanded refers to the total amount of a good or service that consumers demand over a given time period. It is determined by the price of a good or service in a market, regardless of whether or not the market is in equilibrium. Demand is the quantity of a good or service that consumers are willing and able to purchase at a given price over a given time period. The quantity demanded is the amount of a good or service that people will buy at a specific price and at a specific time. This equation can be used to calculate the quantity demanded: Qd = a + b(P), where an is the x-axis intercept, b is the demand curve's slope, and P is the price of the good.To learn more about Quantity demanded, refer to:
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any reimbursement a taxpayer receives from a medical or accident insurance policy for medical expenses paid by the taxpayer during the current year are (taxable/nontaxable) for the taxpayer
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Any reimbursement a taxpayer receives from a health or accident insurance policy for medical costs they paid for in the current year is exempt from taxation.
A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income from taxes on both citizens and businesses. Individual taxpayers must typically file and pay both federal and state tax returns each year in the US. While companies must also submit yearly returns, they typically budget for and make recurring anticipated tax payments throughout the year.
To assess their filing requirements for a specific year, individual taxpayers should check both the federal and state criteria. Individual taxpayers can find federal tax advice in the Internal Revenue Service's publication 501: Dependents, Standard Deduction, and Filing Information.
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griffin service company, incorporated, was organized by bennett griffin and five other investors (that is, six in total). the following activities occurred during the year: received $90,000 cash from the six investors; each investor was issued 10,400 shares of common stock with a par value of $0.20 per share. signed a five-year lease for $180,000 for the right to use a building each year. purchased equipment for use in the business at a cost of $38,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). signed an agreement with a cleaning service to pay $320 per week for cl
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The recording of the transactions in the T-accounts for the Griffin Service Company Incorporated is given below.
Cash Account
Account Titles Debit Credit
Common stock $12,480
Equipment $9,500
Additional Paid-in Capital $77,520
Common Stock $600
Additional Paid-in Capital $4,400
Note Receivable $4,500
Common Stock
Account Titles Debit Credit
Cash $12,480
Cash $600
Additional Paid-in Capital
Account Titles Debit Credit
Cash $77,520
Cash $4,400
Lease Assets
Account Titles Debit Credit
Lease Liability $180,000
Lease Liability
Account Titles Debit Credit
Lease Assets $180,000
Equipment
Account Titles Debit Credit
Cash $9,500
Note Payable $28,500
Note Payable
Account Titles Debit Credit
Equipment $28,500
Land
Account Titles Debit Credit
Additional Paid-in Capital $35,00
Note Receivable
Account Titles Debit Credit
Cash $4,500
Hence, T-accounts is an accounting term which is usee to describe the ledger accounts.
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for a perfectly competitive firm, assume the price equals a rising marginal cost at 200 units of output. at this output, average total cost is $8 and average variable cost is $5. if the price is $4, by how much can this firm reduce its losses by shutting down?
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The perfectly competitive firm in the market is producing 200 units of the goods for $5. The total revenue is 1000, and the total cost is also 1000. If the firm shuts down, it will lose 00 dollars because the firm here is at the break-even level.
Break-even is the point at which revenue and total costs are equal, i.e., the company is neither earning a profit nor a loss. A company can find out how many products it needs to sell to break even from its output by using the break-even level (BEP).
Utilize the formula below to determine the break-even point in units: The method for calculating the break-even point in sales dollars is the Break-Even point (sales dollars) = Fixed Costs Contribution Margin. Break-Even Point (units) = Fixed Costs (Sales price per unit - Variable costs per unit).
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the mandella family decided early in 2020 to incorporate their family owned vineyards under the name mandella corporation. the corporation was authorized to issue 500,000 shares of a single class of $10 par value capital stock. presented as follows is the information necessary to prepare the stockholders’ equity section of the company’s balance sheet at the end of 2020 and at the end of 2021.
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A company's capital stock is not an asset. It is part of the equity section of the balance sheet. When one company owns stock in another, the stock is recorded as an asset.
What exactly is Capital Stock?The common and preferred shares that a company is authorized to issue under its corporate charter are referred to as capital stock. A corporate charter is a legal document that specifies the maximum number of shares that a company may issue.
It is calculated by multiplying the number of issued shares by the share's par value.
Investors buy capital stock because they believe the company's market share and revenue will increase, resulting in dividend payments to the investors.
A dividend is a payment made to shareholders at the end of a fiscal year.
If a company has preferred stock, it is listed first in the stockholders' equity section due to its preference in dividends and liquidation. Based on financial reporting amounts, book value is the value of one share of common stock.
Hence, capital stock is not a company's asset.
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better deals, inc. has 6 units in inventory on december 31. the units were purchased in november for $155 each. the price lists from the suppliers indicate that the same items would now cost the company a total of $960. what would be the amount reported as ending merchandise inventory on the balance sheet?
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The amount reported as ending Merchandise Inventory on the balance sheet will be $930
Merchandise inventory is the cost of finished goods that a retailer or wholesaler has currently to sell to its customers during an accounting period. For a bookstore, merchandise inventory would contain the cost of the books or magazines it had for sale.
Elaborate:On nov. the units were purchased at $155
The replacement cost is $960
So,Merchandise inventory on balance sheet:
155 × 6= $ 930
Why is merchandise inventory credited?The merchandise inventory account is credited for the amount that the retailer paid for the inventory and the cost of goods sold account is debited for the same . Actually , all merchandise is capitalized when it is bought and recorded on the balance sheet as a current asset.
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stor-away co. needs to buy a new forklift. the company decides to deposit $2,300 in an account that earns 6% per year compounded semiannually. how much will the investment be worth in 4 years?
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The investment will be worth 2490.57 dollars in 4 years when interest is compounded semiannually.
Compounding interest semiannually means that at the start of the compounding period, in this case, every six months, the principal of a loan or investment includes the total interest from the previous period.
Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one. This will give you the total amount of the loan plus compound interest.
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separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
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Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting. This statement is false.
The division of duties idea forbids assigning ownership of asset acquisition, asset custody, and associated record-keeping to a single person. One person could, for instance, make an order to purchase an asset, but another person would have to register the transaction in the accounting records.
Since at least two persons must cooperate in order to conduct fraud, which is considerably less likely than if one person is in charge of every aspect of an accounting transaction, it is much more difficult when duties are separated.
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The question was incomplete. Check below the full question.
Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting.
A. True
B. False
a system for finding, organizing, and making available an organization’s experience, understanding, expertise, judgment, and lessons learned is called
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Knowledge management is a system for finding, organizing experience of an organization.
An organization's knowledge and information are created, shared, used, and managed using a variety of techniques known as knowledge management (KM). It alludes to a multidisciplinary strategy that makes the best use of information to accomplish organizational goals. Common organizational goals for knowledge management initiatives include performance benefits, competitive edge, creativity, the exchange of learning lessons, integration, and on-going organizational improvement. These initiatives overlap with organizational learning, but can be distinguished from it by a stronger emphasis on knowledge management as a strategic asset and on promoting knowledge exchange. KM makes organizational learning possible.
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buying materials and components from suppliers instead of making them in your company-owned operations, is known as? buying materials and components from suppliers instead of making them in your company-owned operations, is known as? insourcing offshoring outsourcing selective sourcing
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Based on the fact that the materials and components are being bought from suppliers instead of being made, this is called Outsourcing.
What is outsourcing?Outsourcing to the practice of engaging the services of another company to make certain goods and services instead of you. When that company then finishes the production of those goods or services, you then take it as your own.
Outsourcing can therefore be used to describe a situation where materials and components are not made by a company, but instead are purchased from another company that makes them and then used.
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Sean just bought new headphones for $50. Later that day, sean sees a friend who said they got the same headphones for $30. Sean assumes that these cheaper headphones must be knockoffs. Which logical fallacy is sean suffering from in this example?.
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In this case where Sean bought new headphones for $50 and sees a friend who got the the same at lesser price which makes him assumes that these cheaper headphones must be knockoffs, the logical fallacy that he is suffering in this example is known as anchoring.
What is an anchoring bias?Basically, an anchoring bias refers to a faulty heuristic that occurs when someone focus on one piece of information when making a decision or solving a problem. Often time, such people make an inaccurate final estimates due to inaccurate adjustments from an initial value.
In essence, it mainly happens when we rely too much on pre-existing or first information they find when making decisions.
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tyler, a self-employed taxpayer, travels from denver to miami primarily on business. he spends five days conducting business and two days sightseeing. his expenses are $685 (airfare), $230 per day (meals at local restaurants), and $355 per night (lodging).
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Tyler's deductible expenses in year is 3610
What is expenses?
An expense is the cost of processes incurred by a business in order to generate revenue. It is simply described as the amount of money required to obtain something. "It costs to make money," as the adage goes. Supplier payments, employee salaries, factory lease agreements, and equipment depreciation are all common expenses. Business owners can deduct tax-deductible expenditures on their income tax returns to reduce their taxable income and thus their tax liability; even so, this same Internal Revenue Service (IRS) has strict rules about which expenses businesses can deduct. Profit maximisation is one of the primary goals of corporate management teams. This is accomplished by increasing revenues while decreasing expenses.
Tyler's deductible expenses in year 2022=685+(5*230)+(5*355)= 3610
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who would pay the most as a percentage of income under a regressive tax? (1 point) group of answer choices lawyer earning $110,000 per year teacher earning $45,000 per year ceo earning $2.5 million per year roofer earning $18,000 per year
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Roofer earning $18,000 per year would pay the most as a percentage of income under a regressive tax. A regressive tax is one that is applied uniformly.
A regressive tax is one in which the mean tax burden decreases as income increases. Low-income taxpayers bear a disproportionally large share of the tax burden, while middle- and upper-income taxpayers bear only a minor portion. A regressive tax is one that is applied uniformly, taking a higher percentage of income from poorer people than from high-income earners.
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If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
Answers
The Price elasticity answers are:
The value of price elasticity of demand is equal to four if a 10% rise in price results in a 40% reduction in the amount that is desired. "Being a substantial percentage of the consumer's budget" is the reason why there is an inelasticity in the demand for a certain commodity or service. alternative D Is demand considered "inelastic" if the price elasticity of demand is equal to 0.5? The supply curve for a completely elastic economy is horizontal. The price elasticity of supply is inelastic, which means that a rise in price will result in a less significant increase in quantity.How to determine the elasticity of demand with respect to priceThe price elasticity of demand is equal to the percent change in demand divided by the percent change in price.
x= [tex]\frac{40 \%}{ 10 \%}[/tex]
x=\frac{ 0.4}{ 0.1}
x= 4
A scenario is said to have inelastic demand when there is no proportionate change in the demand for products and services among customers in response to a change in the price of such goods and services.
The supply curve that is horizontally aligned with the demand curve represents a completely elastic supply curve.
In conclusion, the degree to which demand is sensitive to a change in price may be measured by looking at something called the price elasticity of demand.
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according to the view, international production should be distributed among countries according to the theory of comparative advantage. multiple choice radical conservative pragmatic nationalist free market
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The free market is distributed among countries according to the theory of comparative advantage.
In economics, a free marketplace is an idealized cognitive version of an economic system wherein the charges of products and offerings are determined by means of supply and demand expressed with the aid of sellers and shoppers.
Such markets, as modeled, operate without the intervention of the presidency or every other outside authority.
Proponents of the unfastened marketplace as a normative perfect evaluation it with a regulated market, wherein a central authority intervenes in delivery and demand by using various methods such as taxes or guidelines. In an idealized free marketplace economy, fees for goods and services are set entirely by way of the bids and gives of the contributors.
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increasingly consumers are using social media to voice complaints that have not been resolved through other means. how are organizations responding to social media complaint? deleting unfriendly posts adding non-disparagement clauses in consumer contracts increasing the legal staff in the organization zeroing in one statement that is not true and ignoring the rest.
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The way organizations respond to consumer complaints is to collect the complaints they feel. then the organization can hold internal meetings to find solutions to the problems at hand.
Every customer-oriented organization needs to provide opportunities and easy and convenient access for its customers to submit their suggestions, criticisms, opinions, and complaints. Complaints are one part of the negative expression that results from the fact that reality does not match one's wishes. Consumer complaint behavior is a term that includes all the different actions consumers take when they are dissatisfied with a purchase or service.
Complaint categories are classified into four, namely:
a. Mechanical Complaints This type of complaint is caused by an error that occurs in the equipment in the restaurant. For example, a dead light in a restaurant, a broken table or chair, or an air conditioner that is not cold.
b. Attitudinal Complaint Types of complaints caused by staff or employees having a bad attitude in serving customers.
c. Service – Related Complaints This type of complaint is caused by poor service provided in a restaurant. For example, waiting too long for food or drinks that have been ordered, unavailability of cutlery on the table, and others.
d. Unusual Complaints Customers can also complain because there is no special room for non-smokers or because of the uncomfortable atmosphere in the restaurant.
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WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓
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Explanation:
WHAT DOES IT MEAN TO UNDERWRITE A SHARE ISSUE? ❓
do u use zoo
if discouraged workers are included in the determination of the unemployment rate, what effect will it have on the computed rate? group of answer choices there is no relationship between discouraged workers and the unemployment rate determination. there will be no impact. it will raise it because there are always discouraged workers. it will lower it because it will reduce the number of unemployed.
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If discouraged workers are included in the determination of the unemployment rate, there will be no impact.
Who are discouraged workers?Discouraged workers are workers who after searching unsuccessfully for employment stop actively searching for work. Discouraged workers are not considered to be unemployed or part of the labour force.
Unemployment rate is the ratio of those who are unemployed to the total labor force. If discouraged workers are included in the unemployment rate, both the number of unemployed workers are the labor force would increase by the same amount. Thus, there would be no change in the unemployment rate.
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Answer:
It will raise it because there are always discouraged worker.
Explanation:
Okay so, if you add more people to a certain group of people, doesn’t the overall percentage increase? Like take 8 unemployed but actively searching for work people which make up umm… 3 percent but then you add 3 discouraged workers that are not looking for work, the percent will increase.
The other answers would be wrong because…
1) Even if there is no relationship between discouraged workers and the unemployment rate in real life, in this situation there is because you are including one in the other.
2) if you add more people to the unemployment rate, you are not lowering the rate…
also, just answered this question and got it right so I’m answering it on here but you do you if you don’t think I have the right answer.
camp gear, inc., makes and sells a camp stove to devin. camp gear fails to exercise "due care" to make the stove safe, however, and devin is injured as a result. camp gear is most likely liable for group of answer choices
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camp gear, inc., makes and sells a camp stove to devin. camp gear fails to exercise "due care" to make the stove safe, however, and devin is injured as a result. camp gear is most likely liable for negligence
According to law, Negligence, is the failure to meet the standard of the behaviour which has been established to protect the society against unreasonable risks. Negligence is known as the cornerstone of tort liability and also act as a key factor in most of the personal injury and property-damage trials.
The doctrine of negligence is originally applied to the “public” professionals which includes innkeepers, blacksmiths, and surgeons, but it was generally prompted by industrialization as well as the increased occupational accidents. At first, liability was very harsh, but then it was softened to a great extent in order to encourage industrial growth.
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When the goal, scope and product domain are not understood by the scrum team, the scrum master should?.
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As a coach, mentor and guide, the Scrum Master is expected to help them to clear doubts and smoothen the progress of the project.
How do you handle a person's reluctance in a Scrum environment?Avoiding an escalation of the issue is essential to overcoming any opposition. Having a disagreement over something as simple as pointing out someone's error could cause the project to fail. It's your responsibility as a Scrum Master to justify the team's preferred method of operation and the reasons why their plan would fail.
What is a scrum master's one responsibility?By overseeing the scrum process, the scrum master's main responsibility is to deliver delivery leadership, experience, and expertise, enhancing their organization's capacity to create a valued, pertinent product.
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kelly is in the process of buying a house. the seller has performed some of the required duties by the required date, but not all of them. can kelly discharge the contract?
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Yes; kelly can discharge the contract because partial performance is a valid reason for a party to discharge the contract.
Contract
A contract is a legally binding agreement that establishes, defines, and governs the mutual rights and obligations of its parties. A contract usually involves the exchange of products, services, or money, or the promise to exchange any of these at a later period. If a contract is breached, the damaged party may seek court remedies such as damages or rescission. Contract law, or the law of obligations relating to contracts, is founded on the concept that agreements must be honoured. Contract law, like other aspects of private law, differs from country to jurisdiction.
A contract can be discharged by performance, which is the most common type of contract discharge. A contract will be discharged if the parties satisfy their contractual obligations. If only one participant in a contract fulfils the specified promise, he is dismissed.
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question content area prior to adjustment on august 31, salary expense has a debit balance of $334,450. salaries owed but not paid as of the same date total $2,430. journalize the entries to record the following:
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Answer: Please see below for the answer
Explanation:
Entry for accrued salaries
Date August, 31
ACCOUNT TITLE DEBIT CREDIT
Salary expense $ 3,760
Salaries payable $3,760
Entry for Closing salary Expense
Date: August, 31
ACCOUNT TITLE DEBIT CREDIT
Income summary (258,370+3,760) $262,030
Salaries expense $262,030
Hannah's Pool Service Company Statement of Owner’s Equity For the Year Ended December 31
Hannah Roberts Capital Jan, 1st $303,110
Investments during the year $20,810
Net income (add) $58,430
Withdrawals during the year(subtract)$39,530
Owners equity $39,710
Capital for December 31st $342,820
*Capital for December 31st is capital on January 1st plus owner's equity.
it has just been reported that eating red meat is bad for your health. using supply and demand curves, demonstrate the report's likely effect on the equilibrium price and quantity of steak sold in the market.
Answers
In the market for steak, equilibrium price will fall, and equilibrium quantity will fall.
The equilibrium quantity of a good is that which corresponds to the point where the supply and demand curves intersect in the market, at a given price. Therefore, we can say that it is the quantity that producers are willing to sell, and consumers are willing to buy. All this at a price that allows both parties to agree. This, in turn, is the equilibrium price of a perfectly competitive market. In this theoretical situation there is no shortage or excess in the market.
In it, there is a supply curve (O) and a demand curve (D). For simplicity, we use the equation of the line. Both represent all producers and consumers. Therefore, they are the production and consumption preferences of a type of good.
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a company has ordered 5 new personal computers at a cost of $1700 each. they will not be delivered for 11 months. what amount should the firm deposit in an account paying 7.32% to have enough money to pay for them?
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Based on the number of computers ordered by the company, the cost, and the account interest, the amount that the company should deposit to be able to pay for the computers is $7,949.98.
How to find the amount to be deposited?First, find the total cost of the computers ordered by the company:
= Number of computers x Cost per computer
= 5 x 1,700
= $8,500
This means that the company needs to deposit an amount of money today that will grow to be $8,500 in 11 months time to enable them to pay off the cost of the computers.
That amount will be:
Future value = Amount to deposit x ( 1 + rate) ^ number of periods
8,500 = Deposit amount x ( 1 + 7.32%) ¹¹
Deposit amount = 8,500 / 1.0691844627036943510494002859615
Deposit amount = $7,949.98
In conclusion, the company needs to deposit $7,949.98 to be able to pay for the computers.
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Grandma’s bakery wants to begin selling gluten-free products and vegan products. The c-suite executives have made the decision and are now wanting the change implemented. Whose planning will move this from the decision level into production?.
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The planning of functional managers will move this from the decision level into production.
A functional Manager is a person who has the authority to administer an organizational unit such as a company, department within a company, or other organization.
Functional Manager means a business unit that directly oversees one or more Project/Program Team Resources and/or has direct responsibility for the functionality affected by or impacted by a Project/Program Delivery Item. /A person with administrative rights in a department. ).
Functional Manager are responsible for specific business units or areas. B. Finance or Sales. Here's an example of a feature manager: Customer service manager. sales manager.
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a forecast based on the previous forecast plus a percentage of the forecast error is a(n): part 2 a. naive forecast. b. weighted moving average forecast. c. qualitative forecast. d. exponential smoothing forecast. e. moving average forecast.
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A forecast based on the previous forecast plus a percentage of the forecast error is an exponential smoothing forecast.
Forecasting is the process of making predictions based on past and current data. Later you can compare these to what is actually happening. For example, a company may estimate revenue for the next year and compare it to actual results.
For small business owners, forecasting is the process of examining historical and current data and market trends to predict the future financial performance of their business. This allows you to estimate how much revenue you are likely to generate in a given period of time, allowing you to budget for large expenses.
Forecasts are valuable to an enterprise and enable you to make informed business decisions. Financial forecasts are educated guesses and there is risk in relying on historical data and methods that may not include certain variables.
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the following is a december 31, 2021, post-closing trial balance for the jackson corporation. account title debits credits cash $ 44,000 accounts receivable 38,000 inventory 79,000 prepaid rent (for the next 8 months) 20,000 investment in equity securities (short term) 14,000 machinery 165,000 accumulated depreciation $ 15,000 patent (net) 83,000 accounts payable 10,000 salaries payable 6,000 income taxes payable 36,000 bonds payable (due in 10 years) 180,000 common stock 140,000 retained earnings 56,000 totals $ 443,000 $ 443,000 required: prepare a classified balance sheet for jackson corporation at december 31, 2021, by properly classifying each of the accounts. (amounts to be deducted should be indicated by a minus sign.)
Answers
The preparation of a classified Balance Sheet for Jackson Corporation at December 31, 2021, is as follows:
Jackson Corporation
Classified Balance SheetDecember 31, 2021
Assets
Current Assets:Cash $ 44,000
Accounts receivable 38,000
Inventory 79,000
Prepaid rent
(for the next 8 months) 20,000
Investment in equity securities
(short-term) 14,000 $195,000
Long-term Assets:Machinery $165,000
Accumulated depreciation (15,000)
Patent (net) 83,000 $233,000
Total Assets $428,000
Liabilities and Equity
Current Liabilities:Accounts payable $10,000
Salaries payable 6,000
Income taxes payable 36,000
Total current Liabilities $52,000
Long-term Liabilities:
Bonds payable (due in 10 years) $180,000
Total liabilities $232,000
Equity:Common stock $140,000
Retained earnings 56,000 $196,000
Total liabilities and equity $428,000
What is a classified balance sheet?A classified balance sheet is a statement of the financial position of an entity at a point in time, with assets classified according to their short and long-term natures.
The equity is also indicated separately with common stock and retained earnings.
Jackson Corporation
Post-closing Trial BalanceDecember 31, 2021
Account Titles Debits Credits
Cash $ 44,000
Accounts receivable 38,000
Inventory 79,000
Prepaid rent
(for the next 8 months) 20,000
Investment in equity
securities (short term) 14,000
Machinery 165,000
Accumulated depreciation $ 15,000
Patent (net) 83,000
Accounts payable 10,000
Salaries payable 6,000
Income taxes payable 36,000
Bonds payable (due in 10 years) 180,000
Common stock 140,000
Retained earnings 56,000
Totals $ 443,000 $ 443,000
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because it was able to deliver merchandise overnight, in the required quantities, and at a lower delivery cost than its competitors, a sportswear company was given exclusive rights to sell clothing with school logos for the school district. the company demonstrates blank excellence.
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Because it was able to deliver merchandise overnight, in the required quantities, and at a lower delivery cost than its competitors, a sportswear company was given exclusive rights to sell clothing with school logos for the school district. The company demonstrates operational excellence. (Option C)
What is Operational Excellence?Dr. Joseph M. Juran initially developed the notion of operational excellence in the early 1970s while training Japanese company leaders on how to increase quality. Operational excellence is a component of organizational leadership and intelligence.
The ultimate objective of operational excellence is to guarantee that customer expectation are satisfied on an ongoing basis by continually enhancing the procedures that a firm uses.
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Full Question:
Because it was able to deliver merchandise overnight, in the required quantities and at a lower delivered cost than its competitors, Joe's Sports Shack was given exclusive rights to sell clothing with school logos for the school district. Joe's demonstrates ________ excellence.
a. customer
b. product
c. operational
d. locational
e. place
the top management of darryl's detailing center decides that the company's objective for the next two years will be to expand the overall business to include locations in other states. this is an example of
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If the top management decides that the company's objective for the next two years will be to expand the overall business to include locations in other states, it indicate of strategic planning.
Strategic planning can be defined as a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives. The process of strategic planning includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision. There are 3 steps of strategic planning, such as strategy formulation, strategy implementation, and strategy evaluation.
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sunny skys, inc. bought a derelict hunting lodge, which it tore down at a cost of $45,000 and replaced with a new lodge. the demolition cost should be
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Sunny skys, inc. bought a derelict hunting lodge, which it tore down at a cost of $45,000 and replaced with a new lodge. The demolition cost should be capitalized
What is Capitalization of demolition cost ?The costs of demolition are not included in the price of the new asset because they are a cost of utilising the previous asset.
The price of tearing down an existing structure in order to make room for a new one is to be considered a capital expense.Buildings purchased through construction should have their initial cost capitalised. Major expenses such as the ones listed below are capitalised as part of the cost of buildings: Building new structures costs, including materials, labour, and overhead. the price of clearing land in order to build.Learn more about Capitalization here:
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