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1 year ago

Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.

1 answer:

8 0

Organizations can lock in suppliers by making it difficult to switch to another organization or by making it easy to work with the organization.

What is the purpose of creating Lock-In?

'Lock in' aims to make it difficult for customers to switch from your brand or offering to a competitor's offering. It can accomplish this by increasing switching costs or the effort required to transfer (soft lock-in) and providing positive reasons to stay, such as superior brand experience or incentives.

Benefits of Lock-In:

Regular customers: Because of the lock-in mechanism, customers will make a subsequent purchase.
Customer data: Track customer purchase behaviour over time and predict trends, allowing your company to adapt to their needs and potentially increase purchase frequency or basket size.
Predict cash flow: Organization can estimate more accurate cash flow, which can aid in consistent organization's growth.

Learn more about organization here:

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Economists make assumptions to represent their political bias. focus their thinking. make models easier for students to understa

Sati [7]

Answer:

The correct answer is letter "D": better match the complexity of the real world.

Explanation:

Economists create models to reflect real-world phenomena through simplified concepts. Those models tend to adopt the most variables possible of economic events to analyze them in-deep, find out why they happen, attempt preventing them or finding a solution for them if feasible.

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3 years ago

Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants p

Lunna [17]

Answer:

1. Overheads rate per activity

Setup = $4,100 per setup

Machining = $120 per machine hour

Engineering = $60 per engineering hour

Packing = $0.30 per packing order

2. Cost per unit

Deluxe = $162.60

Normal = $53.675

Explanation:

As for the provided information:

We have,

Different activities as follows:

Setups = $2,050,000

Total setups = 300 + 200 = 500

Rate = $2,050,000/500 = $4,100 per setup

Machining = $48,000,000

Total machine hours = 100,000 + 300,000 = 400,000

Machine hour rate = $48,000,000/400,000 = $120 per machine hour

Engineering = $9,000,000

Total engineering hours = 50,000 + 100,000 = 150,000

Rate per hour = $9,000,000/150,000 = $60 per hour

Packing = $150,000

Packing orders = 100,000 + 400,000 = 500,000

Rate per hour = $150,000/500,000 = $0.30 per order

2. Calculating per product cost

Particulars Deluxe Normal

Setup Cost

In 3:2 ratio $1,230,000 $820,000

Machining Cost

In 1:3 ratio $12,000,000 $36,000,000

Engineering cost

In 1:2 ratio $3,000,000 $6,000,000

Packing Cost

In 1:4 Ratio $30,000 $120,000

Therefore total cost for each printer

$16,260,000 $42,940,000

Number of units 100,000 800,000

Cost per unit $162.60 $53.675

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2 years ago

What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance acc

Darina [25.2K]

Answer:

Insurance $4,800 (debit)

prepaid insurance $4,800 (credit)

Explanation:

In order to find out adjusting entries. firstly, we need to calculate the difference between prepaid insurance account and Insurance account.

That could be done by subtracting $3,550 from $8,350.

Difference = 8350-3550= 4800

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3 years ago

Heritage, inc., had a cost of goods sold of $45,821. At the end of the year, the accounts payable balance was $8,773. How long o

Aliun [14]

Calculation of Days Payable Outstanding:

Days Payable Outstanding can be calculated using the following formula:

Days Payable Outstanding = (Accounts

Payable *365) / Cost of Goods Sold

= (8,773*365)/45,821

= 69.88

Hence, Days Payable Outstanding is 69.88 days. We can say that it takes on average 69.88 days to the company to pay off its suppliers during the year.

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3 years ago

Sandra, the operations manager of the Zara clothing chain, is informed that the summer line requires certain materials that are

Alecsey [184]

Answer:

MRP (Material Requirement Planning)

Explanation:

Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.

All of this consists of three principal steps:

stock of on-hand components and materials,
recognize which added bits are required and,
afterwards schedule their manufacturing or purchase.

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2 years ago