When analyzing the industry, Bella Blooms must be concerned about the threat of substitute products or services.
This is one of the threats proposed by <em>Porter</em> in his model of the 5 forces that help to understand market competitiveness.
Bella Blooms must be concerned about the threat of substitute products or services because another fertilizer manufacturer has emerged with the same target market as the company, which could lead to a decrease in Bella Blooms market share.
In the threat of substitute products or services, the customer realizes that they can partially or totally substitute one product for another, which leads companies to actions such as:
- develop focused marketing strategies.
- adapt your processes to market needs.
Therefore, <em>Porter's</em> 5 forces model guarantees that through the analysis of market factors, it is possible to identify its strengths and weaknesses and adapt its strategy to be competitive and profitable in the market.
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Answer:
the labor rate variance is $4,050 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
= Actual hours × (standard rate - actual rate)
= 4,500 hours × ($19 per hour - $19.90 per hour)
= $4,050 unfavorable
Hence, the labor rate variance is $4,050 unfavorable
Answer:
Total earnings= $581.52
Explanation:
Giving the following information:
Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek.
For overtime, Jane is paid a sum equal to one-half the regular hourly pay rate.
I will assume that Jane works evenly each hour.
<u>First, we will determine the number of units produced for an hour:</u>
<u />
Units for an hour= 3,512/43= 81.67 units
<u>Now, the total piece work and overtime:</u>
Piecework= 0.16*3,512= $561.92
Overtime= (81.67*3)*0.08= $19.6
Total earnings= $581.52
Answer:
500 bottles should be ordered at a time.
20 orders should the warehouse place in a year to minimize inventory costs.
Explanation:
The number of bottles which minimizes the warehouse cost is known as the economic order quantity.
Economic Order quantity minimizes both the holding or carrying cost of inventory as well as the ordering cost.
<em>Economic Order quantity = √((2 × Annual demand × cost per order) / Holding cost per unit)</em>
= √((2 × 10,000 × $125) / $10)
= 500 bottles
<em>Number of Order = Total Demand / Economic Order Quantity</em>
= 10,000 / 500
= 20 orders
Conclusion :
500 bottles should be ordered at a time.
20 orders should the warehouse place in a year to minimize inventory costs.
Answer:
correct answer is a. forum selection clause
Explanation:
solution
the correct answer is forum selection clause because as it suggests you forum selection
forum selection allows the party to choose the forum or the specific way to deal with the dispute between the two parties
so here organization Henway has chosen state law as that the way to deal with the dispute
so that correct answer is forum selection clause
