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kondaur [170]
2 years ago
10

An example of a company connecting with customers to add value in its package redesign strategy is Blank______.

Business
1 answer:
kakasveta [241]2 years ago
5 0

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

  • Set precise objectives.
  • Prioritize each business process after identifying it.
  • Make data collection and processing a regular part of your working day.
  • A single workflow.
  • Give authority to those in charge of processes.
  • Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

To know more about design strategy refer to: brainly.com/question/14506200

#SPJ4

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2 years ago
The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $944,970 Office expense 217
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Answer:

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Net Assets = Total Owners' Equity = $609,240

Explanation:

To do this, the income statement is first prepared to determine the Retained earnings as of May 31, 20Y6 as follows:

Paradise Travel Service

Income Statement

for the year ended May 31, 20Y6

<u>Particulars                                                        $          </u>

Fees earned                                               944,970

Office expense                                          (217,345)

Miscellaneous expense                             (18,900)

Wages expense                                      <u>  (453,585)  </u>

Net income                                                 255,140

Cash dividends paid                              <u>    (35,900)  </u>

Retained earning for the year                   219,240

Retained earnings as of June 1, 20Y5   <u>  255,000 </u>

Retained earnings as of May 31, 20Y6  <u>  474,240  </u>

The Balance Sheet is now prepared as follows:

Paradise Travel Service

Balance Sheet

for the year ended May 31, 20Y6

<u>Particulars                                                        $       </u>

<u>Fixed Assets</u>

Land                                                            302,000

<u>Current Assets</u>

Cash                                                            253,375

Accounts receivable                                    66,150

Supplies                                                   <u>      11,340  </u>

Total Assets                                               632,865

<u>Liability</u>

Accounts payable                                  <u>    (23,625)  </u>

Net Assets                                             <u>    609,240  </u>

Owners' Equity:

Common stock                                           135,000

Retained earnings as of May 31, 20Y6   <u>  474,240  </u>

Total owners' equity                               <u>  609,240 </u>

<u />

Note that Net Assets and Total Owners' Equity are both equal to $609,240. This is as required in accounting and it shows the Balance Sheet is accurately prepared.

8 0
3 years ago
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