Answer:
CSCMP
Explanation:
Sales of the cooler freeze packs made by the company Coolpaxx have been declining. Online sales information is shared with the sales department and customer service division. The product development team, however, has not been receiving the customer complaints or suggested product changes that have been collected. Which part of the effective three-step process did this company fail to use?
Answer:
share customer information across all departments
Explanation:
The effective three-step process for business are:
- Assess,
Obtaining all valuable information relevant to the operation. This include things such as customer information, market tendencies, and external challenge.
Failing to give a certain information to any part of departments indicates a failure in this step.
In the example above, the product development team wouldn't have any clue on how to improve their new product if they do not possess the information regarding the customers' complaints.
- Improve,
After the company receive the relevant information, the employees will know the things that are well-liked and the things that despised by the customers.
They can use this information to design improvement for the products and catering to the things that customers like.
- Implement
After the improvement is designed, the company just need to collect the resources it needed and implement the improvement.
Final answer:
Coolpaxx did not effectively use adequate information systems in their three-step process, failing to communicate essential customer feedback to the product development team, which could have led to necessary product improvements.
Explanation:
The company Coolpaxx has been facing a problem with the decline in sales of their cooler freeze packs. After examining the situation, it's clear that the company failed to effectively utilize the third step in the three-step process, which is adequate information systems. In particular, they neglected to share customer complaints and suggested product changes with the product development team. These are critical pieces of feedback that could significantly contribute to product improvement and address any customer dissatisfaction.
When customer complaints indicate that the freezing time target would not be met and that the freezing process must be modified, it's important for this information to be communicated to those who have the capacity to enact changes. The lack of communication could lead to further loss of customer goodwill, as customer suggestions and complaints are not being addressed in product updates and improvements.
Shannon is a marketing agent who determines his work behavior solely on whether he thinks he can do them without receiving immediate punishment from his boss. According to Kohlberg, which of the following stages of moral development does Shannon's behavior exemplify?
A. Principled stage
B. Conventional stage
C. Righteous stage
D. Preconventional stage
E. Unconventional stage
Answer:
The answer is D. Shannon is behavior exemplify the preconventional stage
Explanation:
In the preconventional stage of Kohlberg's model of cognitive moral development, people make decisions based on concrete rewards and punishments and immediate self-interest. It focuses on the desire to answer to instruction for the reward or the fear of being punished
Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of accounts receivable at December 31, 2013 will be uncollectible. At the beginning of the year, on January 1, 2013, the Allowance for Bad Debts had a credit balance of $3284. During 2013, Plus Co. wrote off Accounts Receivable totaling $1826 and made credit sales of $114579. After the adjusting entry is posted, the December 31, 2013 balance in Allowance for Bad Debts would be ______.
Answer:
$4,412
Explanation:
If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.
That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.
Final answer:
The December 31, 2013, balance in the Allowance for Bad Debts for Plus Company, after adjusting for the written off accounts and the estimated uncollectibles, would be $5870.
Explanation:
The student's question relates to an accounting concept called the allowance for bad debts, which is an estimate of the accounts receivable that a company does not expect to collect. Plus Company uses the estimate of receivables method to account for uncollectible accounts, and based on this method, they estimate a total of $4412 in uncollectible accounts by the end of the year.
At the beginning of the year, the Allowance for Bad Debts had a credit balance of $3284. Throughout the year, Plus Company wrote off accounts receivable totaling $1826. These written off accounts would have decreased the Allowance for Bad Debts. To find the December 31 balance, we need to adjust the Allowance for Bad Debts account with the estimated uncollectible accounts.
The adjusted balance in the Allowance for Uncollectible Accounts is calculated as follows:
Start with the beginning balance: $3284 credit balance.Subtract the accounts written off: $1826.Add the estimated uncollectibles: $4412.3384 (beginning balance) - 1826 (accounts written off) + 4412 (estimated uncollectibles) = $5870. Hence, after the adjusting entry is posted, the December 31, 2013, balance in Allowance for Bad Debts would be $5870.
Which costs can be directly traced to the product being manufactured? Group of answer choices Direct Costs Period Costs Sunk Costs Fixed Costs
Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
A ____, also called a SWOT analysis for strengths, weaknesses, opportunities, and threats, is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.
Answer:
situational analysis
Explanation:
A SWOT analysis is just a situational analysis since it is dynamic and can change very rapidly.
For example, the strengths of a corporation (AKA core competencies) can become core rigidities or weaknesses. A former threat can become a current opportunity, and vice versa.
It SWOT analysis is made and is valid only for a certain a mount of time and should be continuously revised and updated. Specially now that technology is changing so fast and the world is shrinking, situations can change for good or worse very rapidly. E.g. the corona virus outbreak in China has changed all economic predictions for the current year, and we are in February.
A SWOT analysis is a strategic planning tool used by organizations to identify their strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors while opportunities and threats are external factors.
Explanation:A SWOT analysis, standing for strengths, weaknesses, opportunities, and threats, is a strategic planning tool utilized to help organizations identify and understand key aspects in their internal and external environment.
The strength and weaknesses component of a SWOT analysis focus on internal factors, which includes resources, capabilities, and core competencies that the organization possesses. These could be skilled employees, strong brand, unique technology, etc. Weaknesses, on the other hand, are areas where the business may be lacking or in need of improvement.
On the other hand, opportunities and threats are external factors that the organization has little control over. Opportunities might be new markets, favourable regulations, etc. Threats could include changes in market trends, new competitors, or changes in governmental policy that could negatively affect the business.
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Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy, how much will she have to pay for this claim?
Answer:
$1000
Explanation:
She would only pay her deductible which is $1000
Rowena will have to pay $1,000 for her $5,000 insurance claim, as this is the amount of her deductible. The insurance will cover the remaining $4,000.
Explanation:If Rowena makes a $5,000 claim on her homeowner's insurance policy, which has a $1,000 deductible, she will be responsible for paying the deductible amount herself. This means that Rowena will pay $1,000 out of pocket. The insurance company would then cover the remaining balance of the claim, which in this case amounts to $4,000, resulting from subtracting the deductible from the total claim ($5,000 - $1,000 = $4,000).
The television industry in the United States is controlled by seven giant corporations: The Walt Disney Company, CBS Corporation, Viacom, Comcast, Hearst Corporation, Time Warner, and News Corporation. Thus, the television industry in the U.S. is a typical _____ industry.a.agglomerationb.free marketc.monopolisticd.oligopolistic
Answer:
D) oligopoly
Explanation:
An oligopoly is a market dominated by few suppliers. There is very limited competition mainly due to high entry barriers and concentrated market power. The most important entry barriers are economies of scale, patents and other expensive technologies and government licences. Also, since the oligopolistic firms have great market power, they usually carry out actions designed to discourage new competitors or directly eliminate them.
Jerry is looking to buy a multi-family building. He would like to know much rent can be collected if the building were 100% occupied. Which line of the pro-forma should Jerry look to find this information?
Answer: The answer is potential revenue
Explanation:
The proforma statement is a income statement prepared to know the revenue and the expenses of the property within an accounting period. It shows the net income realised from the building at the end of the accounting period. Every investors wants a return on their investment, no investor will want to invest his capital in a business where their will be no return. The proforma statement help the investors in the purchase of a building to know what the investors expect to gain if the investors buy the building .
In the preparation of the proforma statement, the first item on the line is the potential revenue if the building were 100% occupied. Therefore the line in which Jerry can find the information he is looking for is the potential revenue line.
Jerry should examine the gross potential income line on the pro-forma to determine the total possible rent from a fully occupied multi-family building, considering the equilibrium price and price elasticity of supply.
Jerry is seeking to understand how much rent can be collected from a fully occupied multi-family building. To find this information, Jerry should look to the gross potential income line of the pro-forma, also known as potential rental income or gross scheduled income. This line item reflects the total amount of rent that could be collected if the property were 100% occupied and all tenants paid their rent at the current market rates. It is important for Jerry to consider the equilibrium price, as this determines the price where supply meets demand. Additionally, Jerry should consider the market conditions described in the provided references that illustrate how property owners might adjust the quantity of units available for rent based on anticipated rent levels and the price elasticity of supply.
A seasoned loan is a: (a)loan with a payment record. (b)long-term loan. (c)first encumbrance. (d)None of the above
Answer:
The correct answer is A
Explanation:
Seasoned loan is the loan which is defined as the loan that has been made out for at least a year, in which the borrower of the loan has a good history in relation to the payment of the loan. It is considered a sign that the loan will be unlikely to default. And it may command the higher prices on the secondary market.
In short, it is defined as the loan which has been paid on time and the adequate amount of time to give the lender, the belief that it will be continue in this way.
So, it is a loan with the payment record of the payments made by the borrower.
At December 1, 2017, Swifty Corporation Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200 and collected accounts receivable of $27360. At December 31, 2017, the Accounts Receivable balance is _____________.
a) $19610 credit
b) $1 debit
c) $46970 debit
d) $19610 debit
Answer:
a) $19610 credit
Explanation:
Given: Accounts receivables as on Dec 1, 2017 = $12770
Credit sale during the month = $34200
Collections during the month = $27360
Accounts Receivable balance at the end of the month = Opening Accounts Receivable balance + credit sales during the month - cash collected during the month
= $12770 + $34200 - $27360
Accounts Receivable balance as on Dec 31, 2017 = $19610 credit
A company mines 360,000 tons of coal per year in a rural county. The coal is worth $65 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $220,000. The average price for a similar, 2,000-square-foot house with three bedrooms within 4 km of the mine is 8 percent lower. Using comparative statics, what is the effect of mining on home prices in this county?
Final answer:
Proximity to the mine decreases home values by 8 percent within a 4 km radius, resulting in an average price reduction of $17,600 for similar homes.
Explanation:
The question asks about the effect of mining on home prices in a rural county. To calculate the difference in home values based on proximity to the mining site, we first determine the average home price with 8 percent reduction:
Average Home Price within 4 km = $220,000 - ($220,000 * 0.08)
Average Home Price within 4 km = $220,000 - $17,600
Average Home Price within 4 km = $202,400
This shows that homes within 4 km of the mine are, on average, $17,600 cheaper compared to similar homes that are more than 20 km away. Using comparative statics, the effect of mining in this scenario is clear: proximity to the mine decreases home values by 8 percent within a 4 km radius.
True or false: Accumulated Depreciation is a contra-account to a long-lived asset account, such as Equipment. This means that it is added to the balance of the long-lived asset in the balance sheet.
Answer:FALSE
Explanation: Accumulated depreciation is a negative account (contra-account) which Describes the total depreciation amount allotted to an asset since it is put into use. Accumulated depreciation is not added to the balance of the long lived asset in the balance sheet.
When an organization prepares it's balance sheet,it ensures that the depreciation schedule is recorded for all it's assets ensuring that both the cost of the equipment and it's depreciation is documented accordingly. Accumulated depreciation reduces the value of the assets in the balance sheet when added.
James Day Hodgson, former U.S. ambassador to Japan, describes culture as a(n) ________, which according to him is tough to get through, but effort and patience could often lead to success.
Answer:
thicket
Explanation:
A thicket is a dense growthbof plants or shrubs. It is used to denote something that is difficult to get through.
This analogy was used by James Day Hodgson to portray how difficult it is for cultural exchange to take place. But with patience and effort it will be successful.
There was a wide cultural difference between Japan and and the United States, while Japan was conservative the United States was built on liberal values. This resulted in culture shock and it took a long time for both cultures to accept each other.
Tammi took the Strong Interest Inventory and discovered that her top two interest areas are Social and Realistic. She is looking for a career that may be a good fit for her, but is confused since they are opposite preference types. One of the potential careers that she could explore would be _______, because it _______.a. Airline Pilot; provides the opportunity to fly a plane and also help groups of people b. Construction Manager; lets her build new housing develops that people will occupy c. Talk Show Host; because it is certain to target one of her top interest areas d. Physical Therapist; incorporates both of her top interest areas into one profession
Answer:
The answer is c.Talk show host;because it is certain to target one of her top interest areas
Explanation:
She should looked for talk show host because it is certain to target one of her top priority as social work can also be done through talk show by hosting such person who are doing a social work in there field this will explore her and help people who are watching know what is the celebrity is talking which might help viewers which indirectly she had done a social work by giving inspiration to viewers which is also a social work. Beside she is dealing in realistic work. She would also earn her livelihood plus has done a social work by giving information through her talk show which inspired quite lot of people.
Final answer:
A potential career for someone with Social and Realistic interests, like Tammi, could be a Physical Therapist, as it allows for direct interaction with people and the utilization of practical skills.
Explanation:
Tammi took the Strong Interest Inventory and discovered that her top two interest areas are Social and Realistic. She is looking for a career that may be a good fit for her but is confused since they are opposite preference types. One of the potential careers that she could explore would be Physical Therapist; because it incorporates both of her top interest areas into one profession. As a physical therapist, Tammi would have the opportunity to work directly with people, helping them to recover from injuries and improve their physical capabilities (Social interest). In addition, the profession involves a hands-on, practical approach to care, often requiring interaction with various tools and equipment (Realistic interest). This combination could provide a fulfilling career for someone with Tammi's mixed interest profile.
A customer has a broadly diversified stock portfolio with a current market value of $2,500,000. The customer wishes to hedge the portfolio against a market decline. The customer should:________
A. sell short the exact same stock positions as those held in the portfolio
B. sell 100 SPX 2500 Calls
C. buy 100 SPX 2500 Puts
D. sell long the exact same stock positions as those held in the portfolio
Answer:
C) buy 100 SPX 2500 Puts
Explanation:
SPX stock is based on the Standard and Poor's stock index, so if the investor is worried about a market decline, if he purchases put options and the marker declines, he/she will actually earn money. Each SPX 2500 contract covers approximately $250,000 of portfolio value, so if the investor purchases 10 put options then the whole portfolio would be covered.
Martha is walking from her office building to her car in a torrential downpour with an umbrella manufactured by Umbrellas USA, Inc. She is struck by lightning and files suit, claiming the manufacturer failed to include a warning. A court would likely find that:
a. there is no duty to warn about risks that are obvious or commonly known, such as the risk of lightning occurring during a rainstorm.
b. the plaintiff was partially at fault under the doctrine of comparative negligence.
c. the seller should have provided a warning because of the foreseeable misuse of an umbrella in a rainstorm with lightning.
d. the umbrella should have included a warning label against using an umbrella in a lightning storm.
Answer:
Option "A" is the correct answer to the following statement.
Explanation:
Under the justification, There is no obligation to inform of obvious or generally known hazards, including the risk of lightning, wildfire, flood And heavy thunderstorm during rain.
In the case of Martha, she got hit by lightning and suit a case on Umbrella USA. inc. , so it is negligible
So Martha will get nothing as compensation.
The question relates to product liability and a manufacturer's duty to warn about potential dangers. The court would likely find that there is no duty to warn Martha about the risk of being struck by lightning during a rainstorm, as it is a commonly known risk. This follows the principle that manufacturers are not required to warn about obvious or commonly known risks.
Explanation:The legal issue in this question is related to product liability and warning. Martha might argue that the manufacturer has failed to give a warning about an inherent risk that was not obvious or commonly known. This leads us to the principle that there is no duty to warn about risks that are obvious or commonly known.
It's common knowledge that holding a metal object such as an umbrella during a lightning storm can increase the risk of being struck by lightning. Therefore, the court would likely find that there is no duty to warn about risks that are obvious or commonly known, such as the risk of lightning occurring during a rainstorm, following the option a.
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An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first development concerned side effects from the surgery, including blurred vision. The second development was that the companies renting eyeminus−surgery machinery to doctors had reduced their charges. In the market for laser eye surgeries, these two developments
Answer:
Reduced demand and increased supply leading to reduced equilibrium and approximation rates.
And it could also lead to an unpredictable effect or impact on the equilibrium quantities of laser eye surgery.
The occurrence of side effects could decrease demand for laser eye surgeries while reduced machinery rental costs could increase its supply. The overall impact on the market depends on the relative changes in demand and supply.
Explanation:These two developments mentioned in the Wall Street Journal article would likely have contrasting effects on the market for laser eye surgeries. The first development, the occurrence of side effects such as blurred vision, could decrease demand as potential customers get detracted because of health risks. This could lower the equilibrium price and quantity of laser eye surgeries.
On the other hand, the second development, reduced charges by companies renting eye surgery machinery to doctors, would likely cause a decrease in costs for doctors, which can increase the supply of laser eye surgeries. Theoretically, this could cause a decrease in the price and an increase in the quantity of surgeries supplied.
The overall effect on the market would depend on the relative magnitude of the changes in demand and supply.
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"The owner of Elixir Force Inc. received the most prestigious corporate award and was also titled as ""the most outstanding new entrepreneur of the year."" In the context of people-based legitimacy, this is typically an indicator of:"_________A. Brand equityB. Public recognition**C. Business network membershipD. Experiential supports
Answer:
B. Public recognition
Explanation:
Legitimacy, in its primary sense, means acceptance.
People-based legitimacy revolves consensual acceptance of a particular individual by some group of people. This people-based legitimacy can be relayed to an individual through public recognition. Before anyone can enjoy people-based legitimacy, they must have done something worthwhile.
In the case of the owner of Elixir Force Inc receiving an award for most outstanding new entrepreneur of the year, it is clear that he is enjoying public recognition in context of people-based legitimacy.
Final answer:
The prestigious award and title given to the owner of Elixir Force Inc. signify public recognition, which can elevate the entrepreneur's prestige and legitimate power. This reflects positively on their leadership, contributing to both personal and organizational reputation and business network membership.
Explanation:
The owner of Elixir Force Inc. being titled as "the most outstanding new entrepreneur of the year" and receiving the most prestigious corporate award is typically an indicator of public recognition. Such awards enhance the individual's prestige and are often a result of positive experiences, contributions to the industry, or innovative achievements. These awards can contribute to a sense of commitment to the company and boost the owner's legitimacy by showing the respect and esteem with which they are held by peers and the business community.
Awards like this have also been related to leadership emergence and effectiveness, signaling that the entrepreneur is viewed as a leader by others. Also, these kinds of recognitions contribute to name recognition, which is beneficial for both the individual and their company, often leading to media coverage and a competitive advantage. Positive reinforcements such as these can signal a healthy capitalist economy where innovation and good customer service are rewarded.
Prestige is closely tied to one's reputation and esteem within society and is often associated with one's position or accomplishments. By earning such a renowned award and public acknowledgement, the entrepreneur advances his/her image and social capital, which may open doors to better business network membership and could possibly provide internal and external support from a powerful elite. Legitimate power often accompanies these indicators, giving the leader an officially recognized status or title that can enhance their influence within their industry.
Greg is the CEO of a leading company in the consumer packaged goods industry. He is trying to grow his company for personal gain and wealth. However, Greg sees that his company has an opportunity to break into the chemical industry. He has decided to invest free cash flow into acquiring small chemical companies that have the potential of growth, if funded properly. Shareholders are not happy. Their case for wanting to cease these actions is that Greg is practicing ______.
A client is diagnosed with polycystic kidney disease and requires teaching on the management of the disorder. Which statement made by the client indicates a need for further teaching?
Excessive water intake can worsen polycystic kidney disease.
Explanation:If a client is diagnosed with polycystic kidney disease, they would need teaching on the management of the disorder. One statement that indicates a need for further teaching is if the client says that excessive water intake is beneficial for managing the disease. Excessive water intake can actually worsen the symptoms of polycystic kidney disease by increasing the urine output and putting pressure on the kidneys.
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As the facility manager, you listen to your employees and demonstrate concern and care about their social needs, but still make the decisions. Which management style are you using?
Answer:
Democratic management style
Explanation:
In a democratic management style, low-levels employee has the ability to influence the decision making made by the managers. Before making a decision, the managers will ask for inputs from the employees and take their perspective and needs into account.
This type of management style is very rare among large corporations. Most companies that use this style usually do not have too many team members.
____________one of Reich's four key components, is making a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the most promising ones, consistent with the resources you have.
Answer:
The correct word for the blank space is: Experimentation.
Explanation:
There are four (4) components companies must be willing to develop if they look for consistency in their operations. Those are abstract reasoning, systems thinking, collaboration, and the ability to experiment. Experimentation implies making an analysis of the market situation and coming up with a solution for the problems taking place, then, setting up a strategy to attempt covering that issue wisely based on the resources of the institution.
The Patersons bought a home that was newly constructed in 2007 for $275,000. They sold the home in 2015 for $255,000. Which of the following statements is correct regarding the sale of the house?a. The 2015 sale increased 2015 GDP by $255,000; and caused 2007 GDP to be revised downward by $20,000.
b. The 2015 sale increased 2015 GDP by $255,000 and had no effect on 2007 GDP.
c. The 2015 sale affected neither 2007 GDP nor 2015 GDP.
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Answer:
The statement that is correct is;
d. The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP.
Explanation:
GDP is known as the Gross Domestic Product. The GDP is a measure of the quantity of goods and services that are produced in a country during a certain period in time. The GDP is usually expressed in monetary terms. A high GDP usually translates to high levels of production. It is often used to determine how wealthy a country is in relation to the production capabilities. To determine a change in GDP, we need to determine the Net national product as follows;
NNP=GDP-D
where;
NNP=net national product
GDP=gross domestic product
D=depreciation
In our case;
NNP=$255,000
GDP=$275,000
D=d
replacing;
255,000=275,000-d
d=275,000-255,000=20,000
The depreciation=$20,000
The 2015 sale reduced 2015 GDP by $20,000 and had no effect on the 2007 GDP.
Answer:
d that's the answer
" The 2015 sale reduced 2015 GDP by $20,000 and had no effect on 2007 GDP"
Explanation:
ClearCall Corporation makes phones, which are sold to consumers by DefDeals stores. Erna files a product liability suit against ClearCall, alleging a design defect. In deciding whether to hold ClearCall liable, the court may consider ________.a. Erna's intended use for the phone.
b. DefDeals' method of accounting.
c. ClearCall's quality control efforts.
d. an available alternative design
Answer:
c. ClearCall's quality control efforts.
Explanation:
Erma's claim alleging design defect can only be verified by reviewing ClearCall's quality control efforts.
Quality control is the process by which a manufacturer ensures that his products is below a minimum level of defects.
For example Six Sigma is a popular quality standard that aims at having below 3.4 defects per million of product.
Stockholders equity: a. Represents the ownership of a company b. Is the equivalent of net assets c. Is also known as the book value of a company d. Is analyzed in detail in the statement of stockholders equity e. All of the above
Answer: e. All of the above
Explanation:
When calculating stockholders' equity we include the following; paid-in capital (preferred stock, common stock, paid-in capital in excess of par value - preferred stock, paid-in capital in excess of par value - common stock, paid-in capital from treasury stock), retained earnings, accumulated other comprehensive income and subtract treasury stock to give the Total stockholders' equity.
Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. This is an example of
Select one:
a. customer relationship management. Correct
b. a transactional marketing orientation.
c. C2C marketing.
d. supply chain management.
e. typical production-oriented era marketing practices.
Answer:
a. customer relationship management
Explanation:
Customer relationship management is how a company interacts with its customers. It uses customer data to make analysis aimed at serving the customer better.
The CRM software is used to profile customers based in their historical preferences and this informs strategy used to engage the customer in the future.
An industrial chemical manufacturer had a company culture and mission statement that emphacized cutting costs and increasing revenue by any legal means. A new executive to the company begins requiring each department to come up with specific goals and objectives to become more socially and environmentally responsible. Each department supplies the new executive with their plans to match her criteria, but after three months, none have been implemented. This is an example of:
Answer:
a company whose mission and culture are not aligned
Explanation:
A mission statement of a company refers to the short statement of why a company operates, what its overall objective is, defining the purpose of its operations: what kind of product or service it offers, its primary clients or sector, and its geographic region of operation.
Corporate culture relates to a business's character. This dictates the atmosphere for workers to work in. Culture of the business contains a variety of factors like workplace, purpose of the organisation, meaning, morals, priorities and objectives.
Thus, from the above we can conclude that the mission and culture of the organization in the given question contradicts each other.
When greenbelt construction company began building houses in a large subdivision with many other builders, the company priced its homes slightly higher than its competitors and promoted the added quality features found in greenbelt's homes. greenbelt was using _________ a(n) pricing strategy a. competitor-based b. value-based c. improvement-based d. premium e. reference-based
Answer:
a. competitor-based
Explanation:
Probabbly Greenbelt wanted to price the house at a higher price but it is defining the price of the house considering their competitors price rather than value of the land/house. Therefore the basis for the price is the competitors.
the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ___________.
Answer:
Competitive intelligence
Explanation:
Competitive intelligence is the process of gathering information about your competitive environment to enhance your business decisions.
for example:
An example of competitive intelligence is that of an investment banker or trader where by he gains information from financial statement reports, industry research papers etc.., while other banker or trader gain the same information but his ability to use that information to gain valuable insights (i.e. best investment or stock at the moment) separates him from the others.
Answer:
Competitive Intelligence
Explanation:
Like the question suggests, competitive intelligence is the process of gathering information about the competitive environment, including competitor's plans, activities etc. to enhance a company's ability to succeed.
The key to having an advantage over your competitors is to understand them. Gathering information about your competitors isn't illegal. It spurs creativity, helps in the decision making process.
Competitive Intelligence also involves understanding your consumers.
On July 1, Year 4, Pell Co. purchased Green Corp. 10-year, 8% bonds with a face amount of $500,000 for $420,000. The bonds are classified as held-to-maturity, mature on June 30, Year 14, and pay interest semiannually on June 30 and December 31. Using the interest method, Pell recorded bond discount amortization of $1,800 for the 6 months ended December 31, Year 4. From this long-term investment, Pell should report Year 4 revenue of:
Final answer:
Pell Co. should report Year 4 revenue from the bond investment as the sum of the semiannual interest and the amortized bond discount, which totals $21,800.
Explanation:
When Pell Co. purchased Green Corp. bonds, they bought them at a discount, and the bonds pay semiannual interest at an 8% rate. The bond's face amount is $500,000, and the interest per semiannual period is calculated as 0.08 * $500,000 / 2 = $20,000. Given that Pell Co. amortized bond discount of $1,800 for the six months ended December 31, Year 4, this amount should be added to the cash interest received to calculate the total revenue recognized from the investment for Year 4.
Therefore, the total revenue for Year 4 is the interest received plus the amortized discount which is $20,000 + $1,800 = $21,800.