The Allowance for Doubtful Accounts T-account will have the estimated bad debts from the adjusting entry sales discounts .
Doubtful account
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.
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A tax on sellers shifts the: demand curve to the right. supply curve to the right. demand curve to the left. supply curve to the left.
A tax on sellers shifts the supply curve to the left. The correct option is option 'D'.
If the tax is imposed on sellers.
This means that the sellers will have to increase the cost of producing the products.
Which would lead to a decrease in the number of profits they would receive from selling a product.
Therefore, fewer and fewer sellers will produce goods with high costs and low profits.
Therefore, this would ultimately lead to a decrease in the quantity supplied by the producer even when there is no change in the price of the product.
This will result in an upward (leftward) shift in the supply curve.
Hence, if the tax is imposed on the supplier supply curve shifts toward the left.
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The Bank of Dallas has excess reserves of $30 million, deposits of $180 million, and the required
reserve ratio is 10%.
a.
What is the value of this bank's total reserves?
b. How much money is invested in loans and bonds?
The Bank of Dallas has excess reserves of $30 million, deposits of $180 million, and the required reserve ratio is 10%. $48 million is the value of this bank's total reserves. $30 million is invested in loans and bonds.
Here, reserve required to be maintained is $180*10% = $18million. Given the excess reserve is $3o million. Therefore, the total value of this bank reserve is $48 million. And the excess reserve i.e. $30 million should be invested in loans and bonds.
Bank reserve are calculated by multiplying its total deposits by the reserve ratio. Therefore $18 million should be reserve required. And excess should be invested in loans and bonds.
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McDonald's operates through a franchising system wherein the head office uses strategic and financial controls to ensure that the franchises are creating the greatest possible value. This is an example of a(n):
McDonald's operates through a franchising system wherein the head office uses strategic and financial controls to ensure that the franchises are creating the greatest possible value. This is an example of a strategic network.
A network organization's strategic management is the collection of managerial choices and activities that network management uses to decide in advance what needs to be done and how it should be done.
Strategic networking is the capacity to mobilize data, assistance, and resources from one area of a network to achieve goals in another, as Ibarra and Hunter discovered in their research.
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Heinz changed the packaging of its ketchup, switching from a glass bottle to a plastic bottle. Since the bottle was squeezable, consumers had an easier time getting ketchup out of the bottle. This change in packaging is a strategy that can most likely help boost sales in the _______ stage of the product life cycle.
This packaging change is a marketing tactic that may increase sales during the product life cycle's maturity stage.
What are the Product Stages?The product life cycle is the progression of a product through Five distinct stages—development, introduction, growth, maturity, and decline.
What are the Maturity Stages?The maturity stage occurs after the introduction and growth stages. The maturity stage is the longest stage of the product life cycle. In this stage, sales growth begins to decline; the company reaches the highest point in the demand cycle; and advertising strategies have minimal impact on sales growth.
What are the characteristics of a product in maturity stage?The mature stage's main characteristic is that sales volumes are still growing but at a slower rate. The closer to the end of the mature, the slower will be the growth in sales volume. Competition for market share and customers is also more intense.
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Suppose the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in a(
When the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in "neutral fiscal policy".
What is neutral fiscal policy?When a government choice to tax, spend, or borrow has, or is meant to have, no overall impact on the economy, the action is considered fiscally neutral. Changes in policy can be viewed as neutral in terms of either their macroeconomic, microeconomics, or both effects.
fiscal neutrality occurs when taxes and government spending have no net effect-
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For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. Ending inventory was $7,250. Compute Depot Max's inventory turnover for the year.
Depot Max's inventory turnover for the year is 8.3
Given
Cost of goods sold = $56900
Begining Jovenstory = $6540
Ending Inventory = $7250 .
Average inventory = opening inventory + closing inventory / 2
= $6 540 + $-7250 / 2
Average inventory = $6895
cost of goods old
.: Inventory turnover = cost of goods sold / Average inventory
56900 / 6895
= 8. 252 times
He Depot Max's Inventory 8.3 times (approx ).
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Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.
Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
What is gross profit?Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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How can a country tell if it is operating at full potential?
Answer:
The maximum amount of goods and services an economy can turn out when it is most efficient.
How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory balance to determine the:
The Inventory Turnover Ratio, which can be calculated by dividing the cost of goods sold by the average inventory balance, can be used to measure how long a company keeps inventory before selling it.
Businesses may make better judgments in a range of areas, such as pricing, production, marketing, purchasing, and warehouse management, by measuring and calculating inventory turnover. In the end, the inventory turnover ratio measures how well the business makes sales from its inventory.
Inventory Turnover Ratio = Cost of Goods Sold / Avg. Inventory
Average inventory = (beginning inventory + ending inventory) / 2
The inventory turnover ratio calculates how frequently inventory is sold and replaced during a specific time frame.
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If the german automobile manufacturer, volkswagen, builds a new factory to produce volkswagens in pennsylvania, which component of gdp would be affected?
The component of GDP that includes net exports and business investment will be affected If the German manufacturer builds a new factory to produce volkswagens in pennsylvania.
What are components of gross domestic product?In economics, the components of gross domestic product includes the personal consumption, business investment, government spending and net exports.
Hence, the component of GDP that includes net exports and business investment will be affected by the decision.
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wWhich category are these in? tell me if its: Operating, Investing, Financing, or noncash.
1. _____ Purchase of equipment for cash.
2. _____ Payment of employee salaries.
3. _____ Collection of cash from customers.
4. _____ Cash proceeds from a note payable.
5. _____ Purchase of common stock of another corporation for cash.
6. _____ Issuance of common stock for cash.
7. _____ Sale of equipment for cash.
8. _____ Payment of interest on note payable.
9. _____ Issuance of bonds payable in exchange for land and building.
10. _____ Payment of cash dividends to shareholders.
11. _____ Payment of principal on note payable.
1. —Purchase of equipment for cash is an investing activity.
2. -- payment of employee salary is an operating activity.
3. — Collection of cash from customers also an operating activity.
4. —cash proceed from a note payable is a financing activity.
5. — purchase of stock of another entity is an investing activity.
6. —Issuance of common stock for cash is a financing activity.
7. —sale of machinery for cash is an investing activity.
8. —payment of interest on a note payable is an operating activity.
9. —issuing bonds in exchange for real estate and buildings is a non cash transaction.
10. —payment of cash dividends to shareholders is a financing activity.
11. — Paying off a note's principal is a finance activity.
What is investment activity?Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity. If management is investing in the long-term health of the company, negative cash flow from investing operations could not be a bad indicator.Operating Activities: What Are They?The tasks a company performs that are directly relevant to offering its products and/or services to the market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. These are the company's primary commercial activities.what is financing activity?Transactions involving debt, stock, and dividends are considered financing activities. The cash flow from financing section includes information on debt and equity financing, which varies depending on the capital structures, dividend practices, and debt conditions that particular organizations may have.Non-cash transactions: What are they?Investing and financing-related transactions that don't employ cash or a cash equivalent are known as non-cash transactions. A business engages in a non-cash transaction when it makes a purchase or incurs a cost but does not pay cash for it; instead, the company signs a promissory note or assumes the repayment of an existing loan.learn more about Operating, Investing, Financing, or non cash
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Naomi is a market researcher for her company, which designs and manufactures carpets and rugs. She travels globally to conferences and trade shows to track current trends in her industry. During one trip, Naomi learns about a new dye technique that results in more resilient color at a lower cost. She brings the relevant information back to her team and other experts in her company to discuss the feasibility of implementing this technique in their products. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes
The answer is, Rivalry among existing competitors.
Rivalry among current rivals is high when numerous rivals occupy the same position in the market, and is low when there are few rivals.Companies are continuously looking for ways to differentiate their services and goods from those of competitors, or at the very least, to reduce the benefits of that competitors' services or products. When new technologies arise that could give a competitor an advantage in the market, this is a crucial factor to take into account.What is rivalry among existing competitors?Competitive rivalry is a gauge of how fiercely existing firms compete with one another. Competitive activities like price lowering, higher advertising costs, or investing on service/product innovation and improvements can reduce profits and foster competition.What are the 3 types of rivalry?James Mark Baldwin identified three basic categories of competition in his 1902 Dictionary of Philosophy and Psychology: biological rivalry, personal or conscious rivalry, and economic and industrial rivalry.Learn more about Rivalry among existing competitors here:
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An investor buys a $100,000, 10% corporate bond maturing in 2032 for $125,000. The bond is callable starting in the year 2022. What is the most appropriate measure for calculating yield
The best measure for calculating yield that the investor can use for the bond is C. Yield to Call.
What is Yield to Call?The bond is a callable bond which means that there is a chance the issuer will call it if interest rates drop too low.
The fact that the bond was purchased at the premium (price higher than par) means that interest rates are low so there is a good chance of the bond being called.
The investor should therefore use the yield to call which would take into account the possibility of the bond being called.
Options for this question include:
A. Total Return
B. Current Yield
C. Yield to Call
D. Yield to Maturity
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Torch Industries can issue perpetual preferred stock at a price of $53.50 a share. The stock would pay a constant annual dividend of $4.50 a share. What is the company's cost of preferred stock, rp
The company's cost of preferred stock is $0.084 or 8.4%.
What Are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
[tex]cost of preferred stock=\frac{annual dividend }{price of stock}[/tex]
[tex]cost of preferred stock =\frac{ 4.50}{ 53.50}[/tex]
cost of preferred stock = $0.084
cost of preferred stock = 8.4%
Hence, the company's cost of preferred stock is $0.084 or 8.4%.
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If the central bank sells $10,000 in bonds to a bank that has issued $350,000 in loans and is exactly meeting the reserve requirement of 10%, the money supply _____.
The money supply will be $100,000
Banks need to have a $ 10,000 reserve, so if you buy $350,500 with 4,444 bonds, you'll need to reduce your lending by $10,000 to make up for the difference.
A decrease in credit means a decrease in deposits at other banks. In other words, the excess reserve was initially zero, but after the bond is sold it will be minus $10,000,
. The money supply will be reduced by $10,000 x 1 / 0.1 = $100,000 .
Banking is a business that protects money for others. Banks lend this money and generate interest that benefits the bank and its customers. A bank is a financial institution that is allowed to accept deposits and make loans. However, we can also provide other financial services.
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An organization has considered its sales channels, its customer service requirements, and its operating model. Also it has analyzed both its value system and the value systems of key supply chain partners. What else does it need to look at to determine its fitness for a given strategy, according to Michael Porter?
According to Michael Porter :
A sales channel is a strategy employed by a producer to market goods or services to final consumers. Depending on how things are delivered to customers, sales channels can be direct or indirect. With the aim of closing the sale, these channels can be platforms (online or offline), people, or partners.A further perspective is that a sales channel is a source of income for a manufacturer that facilitates the sale of goods or services.A business can sell its goods and services through direct channels like these. Kiosks: These are self-service points where customers may make purchases and payments. Display rooms. Sales staff, which the business employs to sell its goods to clients and customers.What are the principles of a sales organization?A sales organization is built on a few key organizational tenets that are closely related to the tenets of the entire business. These principles act like software, directing and regulating the organization's efficient operation. Principles assist the organization in pursuing its objectives and investigating market prospects.
What standards should a successful sales organization meet?The management should be aware of the requirements for creating a successful sales organization before one is created. These are listed below:
1. The functions of the sales department should be clearly defined by the sales organization, and the activities of the salespeople and their superiors should be planned and coordinated in a logical manner.
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The two primary competitive levers that managers can use in order to answer the question of how to compete are.
The two primary competitive levers that managers can use are value and cost in order to answer the question of how to compete.
The term common overall performance lever refers to a circumstance, technique, or functionality that allows lengthy-term, ethical, and exceptional universal performance to stand up. By means of the use of the extension, because of this such ordinary overall performance levers may be used to enhance commercial enterprise overall performance and profitability while known as upon.
Will respond effectively, corporations ought to reputation at the five 'productiveness levers,' or instructions of things that may be acted upon as a way to result in preferred adjustments: people, techniques, structures, records, and property (matters).
Our member-pushed cognizance of these three opportunity levers: technique, innovation, and advertising, and marketing and advertising can assist function us to provide the maximum member price now and in the future.
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Think of the simple quantity theory of money in the AD-AS framework. In that framework, the AS curve is a.horizontal. b.upward-sloping. c.kinked at Natural Real GDP. d.vertical. e.downward-sloping.
In the simple quantity theory of money in the AD-AS framework, the AS curve kinked at natural real.
What is AS curve or Aggregate Supply Curve?The amount of real GDP that the economy produces at various price levels is represented by the aggregate supply curve. The methodology used to build the supply curve for all products and services is different from the methodology used to build the supply curve for individual goods and services. It is assumed that input prices will remain constant when calculating the supply curve for a certain good.The price level, however, defines the aggregate supply curve. As the price level rises, producers will be able to charge more for their goods, which will stimulate production. However, a price increase will also have a secondary effect that will eventually result in an increase in input prices.To learn more about the Aggregate Supply Curve refer to:
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What is the term for the level of output at which the sales revenue of the firm just covers the fixed and variable costs including normal profits
When the level of output leads to sales revenue that covers the fixed and variable costs, this is called the Breakeven Point.
What happens at the Breakeven point?This is the point where the company has sold enough units to make back its variable and fixed costs.
At this point, the company would be making $0 profits which is also considered in business to be the normal profit.
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John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn financial responsibility (nice grandparents). How much can John contribute to an IRA (Traditional or Roth)
"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500 to an IRA. This is further explained below.
What is IRA?Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.
In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.
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The wood shop generates $. 97 in sales for every $1 invested in total assets. Which one of the following ratios would reflect this relationship?.
Answer:
Total asset turnover
Explanation:
b
A customer cluster is the same as: Group of answer choices A low-end product preference. A customer market segment. A group of competitors. A premium priced product. None of these answers is correct.
A customer cluster is the same as A customer market segment.
In the context of customer segmentation, customer clustering analysis is the use of a mathematical model to discover similar groups of customers based on finding the smallest differences between customers within each group. These similar groups are called "customer prototypes" or "personas."
The goal of cluster analysis in marketing is to accurately segment customers for more effective customer marketing through personalization. A common method of cluster analysis is a mathematical algorithm called k-means cluster analysis, sometimes called scientific segmentation.
The resulting clusters support better customer modeling and predictive analytics and are also used to target customers with offers and incentives tailored to their needs, needs, and preferences.
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What are the effects of gangs on communities? check all that apply. business owners and families are intimidated by gang members. homicide rates increase. the number of young people who are incarcerated declines. young people who join gangs are more likely to become career criminals. gang violence results in millions of dollars to taxpayers.
The effects of gangs on communities are:
Business owners and families are intimidated by gang members. young people who join gangs are more likely to become career criminals.Option A and C is the answer
What are the effects of gangs?Gangs is formed When number of people come together. It could be intimidating to members of the community because of their activities and number.
Several career criminals emerge from among them due to negative influence from among the members.
Therefore, The effects of gangs on communities include business owners and families are intimidated by gang members.
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Answer:
A.) Business owners and families are intimidated by gang members.
B.) Homicide rates increase.
D.) Young people who join gangs are more likely to become career criminals.
E.) Gang violence results in millions of dollars to taxpayers.
Explanation:
edge
A goal of monetary policy and fiscal policy is to Question 35 options: offset the shifts in aggregate demand and thereby eliminate unemployment. offset shifts in aggregate demand and thereby stabilize the economy. enhance the shifts in aggregate demand and thereby create fluctuations in output and employment. enhance the shifts in aggregate demand and thereby increase economic growth
A goal of monetary policy and fiscal policy is to offset shifts in aggregate demand and thereby stabilize the economy.
What are the goals of monetary policy and fiscal policy?In order to achieve macroeconomic policy goals like price stability, full employment, and steady economic growth, central banks must implement monetary policy.
The federal government's tax and spending policies are referred to as fiscal policy.
Regular objectives of monetary and fiscal policy include stabilizing prices and wages, achieving or maintaining full employment, and achieving or maintaining a high rate of economic growth. The 20th century saw the establishment of these ideals as legitimate aims of governmental economic policy as well as the creation of the means by which to accomplish them.
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Suppose there are only three firms in a market. The largest firm has sales of $500 million, the second-largest has sales of $300 million, and the smallest has sales of $200 million. The market share of the largest firm is HINT: Know How to Calculate Market Share (Market Share of the Largest Firm in this Problem). Group of answer choices None of the Answers are Correct. 60 percent 50 percent 40 percent 100 percent
The Correct Answer is - Option (2) 50 Percent
According to question , We are given.
There are only three firms in a market.The largest firm has sales of $500 million.The second-largest has sales of $300 million.The smallest has sales of $200 million.As we know:
Total sales of the largest company = $500 million.
Total sales of the market = Sales of largest firm + Sales of second largest firm + Sales of smallest firm.
Total sales of the market
⇒ $500 million + $300 million + $200
= $1000 million
Market Share = Total sales of the firm/total sales of the market × 100
⇒ 500/1000 × 100
= 50 %
Therefore, Market Share of the largest firm is 50%
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Correct Question - Suppose there are only free firms in a market. The largest firm has sales of $550 million, the second largest has sales of $300 million, and the smaller has sales of $200 million. The market share of the largest firm is
1) 60 percent
2) 50 percent
3) 40 percent
4) 100 percent
A supervisor engaged in ______ is grouping people, tasks, and resources into organizational units to facilitate the planning, leading, and control processes. Group of answer choices job enrichment departmentalization functionalization task integration task design
The supervisor is engaged in departmentalization.
Departmentalization or departmentation is a process in which jobs/teams are integrated into functional units called departments based on their area of competence in order to meet the organization's goals. As a result, the entire organization is split into portions, i.e. departments, which consist of a group of people that carry out identical duties.
It specifies which functions/activities will be hosted and coordinated in the same location. Furthermore, it organizes the employees who will carry out the designated functions/tasks.
Therefore, the correct option is departmentalization.
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John produces furniture's which he sells at his sales office .he estimates that the investment for plant and equipment will be $225000,where labor material,packaging,shipping will be about $1000 per item.if the furniture's are sold for $3000 each what volume is necessary for john to break even ?
The volume necessary to break even is 113 pieces of furniture
What is breakeven volume?
Breakeven volume is the number of output required for the firm to achieve a zero profit, where total costs are the same as the total revenue.
Breakeven can be determined as the fixed cost divided by the contribution margin per unit(i.e. sales price minus variable cost)
breakeven=fixed cost /(sales price-variable cost per unit)
fixed cost=cost of plant and equipment=$225000
sales price-variable cost per unit=$3,000-$1,000
sales price-variable cost per unit=$2,000
breakeven=$225000/$2,000
breakeven=112.50(units of furniture cannot be fractional, 113 is the correct answer)
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To break even, the volume of production and sales that John requires is 113 units of furniture.
What is break-even analysis?Break-even analysis is an accounting tool that shows the break-even point and enables management to make production and sales volume decisions.
At the break-even point, the total costs and total revenue are equal. This implies that at this point, there is no profit or loss.
The break-even point in units can be computed as fixed costs divided by contribution margin per unit.
Data and Calculations:
Fixed costs = $225,000
Variable costs (direct labor, materials, and selling) = $1,000
Selling price per unit = $3,000
Contribution margin per unit = $2,000 ($3,000 - $1,000)
Break-even point in units = 113 ($225,000/$2,000)
Thus, to break even, the volume of production and sales that John requires is 113 units of furniture.
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Ian owes Shirley $5,000, which is payable in five installments at an interest. However, after two installments, Ian offers to pay Shirley the entire debt to avoid paying the interest. In this scenario, which of the following will take place if Shirley announces that Ian does not have to pay the debt in further installments? Group of answer choices arbitration release negotiation rescission waiver
In the scenario where Ian offers to pay Shirley the entire debt to avoid paying the interest; in that case "release" will take place if Shirley announces that Ian does not have to pay the debt in further installments.
What are installments?The act of adding something new or an installment is one portion of something that has numerous parts, such a payment or a story, are the definitions of an installment.
The monthly installments are described as-"When you pay for something in installments, you don't pay the entire amount at once; rather, you make little payments at regular intervals throughout time".
The advantages of Instalment schemes are-
These schemes enable you to pay for items that you cannot afford or cannot afford to buy outright. To avoid paying the full amount in one month, we can spread out the cost over a longer period of time. We also have the choice to cancel before paying the entire sum. more affordable than a personal loan.The working in installment plans is-
The whole cost of your purchase is automatically removed from your available credit when you sign up for an installment plan.The minimum payment required each month includes the amount of your monthly installment. Your credit limit is increased as you make payments against the sum.To know more about the installment credit, here
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When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company Group of answer choices increased speed. reduced costs. increased productivity. improved quality. reduced destructive internal competition.
When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company reduced destructive internal competition.
What is a destructive competition?Multiple producers being driven out of the market by competition.When there are numerous manufacturers of a good, prices are frequently driven down to the point that nobody makes a profit, which is when destructive competition takes place.What do you mean by internal competition?The aforementioned components are the foundation of our concept of internal competition, which is senior management-sanctioned duplication or overlap of activity within the firm's boundaries in an effort to resolve market or technology uncertainties.Is competition is constructive or destructive?However, competition can really be divided into two types: healthy competition and unhealthy competition. Two competitors may work better together or may just cause mutual stress, similar to waves crashing into one another to create a larger wave.
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A network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers is called a(n): distribution channel. marketing channel. supply chain. information system. value chain.
(c)
Supply chain
It is the network between company and suppliers which is to be created to produce & distribute the particular product to final customer.It is the sequence of all organizations, activities, technology, individuals and resources involved in creation (production) and sale (distribution) of a commodity.It's main aim is to focus on coordinating among all the departments to improve efficiency, reduce cost, customer satisfaction. Supply chain provides the centralized controlThere primary functions are:PurchasingManufacturingInventory managementDemand PlanningWarehousingContinuous model, fast model, efficient model etc are the types of supply chain.learn more about this here-
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