Design thinking is a problem solving protocol that any buisness or profession can employ to achieve big results
Answer: A outsourcing
Explanation:
Outsourcing is the business practice of employing an outsider to a company to execute a project such as provision of goods and services which is initially being produced by the same company.
Answer:
A. Customer value = customer benefits - customer cost
Explanation:
The customer value is the worth of a product or a service as compared to other alternatives in the standpoint of a customer.
It is basically like the worth of obtaining a product or a service is to a customer. Customer value can be considered how a customer benefits from the product minus the cost of obtaining the product.
Benefits and cost does not always have to be in the form of cash. A benefit can be in the form of quality, value, experience and cost can be in terms of time, effort, or energy.
Answer:
True
Explanation:
An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.
The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.
Answer:
We can divide costs into three categories:
- fixed.- do not change as total production outcome changes
- variable.- changes proportionally to total production output
- mixed.- part fixed, part variable
Explanation:
fixed: they stay the same regardless of total output
- depreciation. $4,500 per month
- property taxes, $12,000 per year
variable: the more units are produced, the higher they are
- direct materials, $25 per unit
- shipping costs, $15 per unit
mixed: a part is fixed per month, while another part increases as total output increases.
- water and sewer, $50 per month plus $0.10 per gallon
- sales rep's pay, $1,000 per month plus 10% sales commission
