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1 year ago

The strategies an organization develops to provide value to the customers it serves is called:____.

1 answer:

4 0

The strategies an organization develops to provide value to the customers it serves is called <u>the business model</u>.

An organization is a structural framework of duties and responsibilities required by personnel in performing various functions related to achieving the organization's business objectives. Management tries to combine various business activities to achieve a given goal.

An organization is an official group of people such as a political party, corporation, charity, or association. Most of these technical schools are provided by volunteer organizations. ... Reported to the International Labor Organization. Synonyms: Synonyms for groups, companies, associations, associations, and organizations.

The organizational structure used in most companies today is represented by three organizational forms: functional, departmental, and matrix. Each of these forms has advantages and disadvantages that owners should consider before deciding which one to implement in their business.

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You might be interested in

Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca

Elena L [17]

Answer:

Acclaim Inc.

Basic Trophies Deluxe Trophies

Budgeted unit cost:

a. using single-plant o/h rate $17.60 $28.80

b. using departmental rates $17.42 $29.16

c. using ABC $18.26 $27.48

d. They show different costs because the overhead rates are based on different parameters.

I recommend ABC system. It is more fair because the overhead rates are based on product line's activity usage instead of an arbitrary figure.

Explanation:

a) Data and Calculations:

Basic Trophies Deluxe Trophies Total

Budgeted production 10,000 5,000 15,000

Batches 200 50 250

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total direct costs $110,000 $90,000 $200,000

Overhead costs 66,000 54,000 120,000

Total production costs $176,000 $144,000 $320,000

Budgeted production 10,000 5,000

Budget unit costs $17.60 $28.80

Overhead rate

Total overhead/total direct costs = $120,000/$200,000 = $0.60

Basic Deluxe Total

Trophies Trophies

Forming department:

Overhead costs Setup $48,000

General overhead $32,000

Total overhead costs $80,000

Overhead rate = $80,000/$145,000 = $552

Assembly department

General overhead $40,000/$55,000 = $0.727

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Total direct costs $90,000 $55,000 $145,000

Overhead costs 49,680 30,360 80,040

Total departmental costs $139,680 $85,360 $225,040

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total direct costs $20,000 $35,000 $55,000

Overhead costs 14,540 25,445 39,985

Total departmental costs $34,540 $60,445 $94,985

Total production costs $174,220 $145,805 $320,025

Budgeted production 10,000 5,000

Budget unit costs $17.42 $29.16

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total overhead allocated $72,600 $47,400 $120,000

Total production costs $182,600 $137,400 $320,000

Budgeted production 10,000 5,000

Budget unit costs $18.26 $27.48

Overhead costs allocation:

Basic Deluxe Total

Trophies Trophies

Forming department:

Overhead costs Setup $48,000/250 $38,400 $9,600 $48,000

General overhead $32,000/$50,000 19,200 12,800 32,000

Assembly department

General overhead $40,000/$40,000 15,000 25,000 40,000

Total overhead allocated $72,600 $47,400 $120,000

6 0

3 years ago

Firms pursuing a ________ strategy focus on the realization of location and experience curve economies.

Kazeer [188]

Firms pursuing a global standardization strategy focus on the realization of location and experience curve economies.

<h3>What is a global standardization strategy?</h3>

The capacity to apply standardized marketing messaging and campaigns across markets, regions, and cultures is referred to as a global standardization strategy. Global standardization is used by the world's largest brands, such as Adidas and Coca-Cola, to offer a consistent brand experience across countries and languages.

For example, the Coca-Cola Company uses global standardization in marketing by keeping the product's presentation largely consistent throughout markets. Even though several languages are shown on the items, the corporation uses the same design motif.

These advantages include cost reduction, international price reduction, competitive decrease, market position consolidation, and promotion of a distinct international image.

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8 0

1 year ago

What should you plan for first when creating a budget

alexira [117]

Answer:

CALCULATE EXPENSES

Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files. Because some expenses are intermittent, such as insurance payments, you’ll get the most accurate financial picture if you calculate an average for six months to a year. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses.

Remember that being thorough when you add up expenses is important in creating a realistic budget. A forgotten bill really throws a wrench into your savings plan. When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs. A good rule of thumb is to add an extra 10 percent to 15 percent. So if you’ve determined that you spend $1,500 a month, add $150 to $225.

4 0

3 years ago

If a gain of $5,278 is realized in selling (for cash) office equipment having a book value of $50,852, find the total amount rep

Alina [70]

Answer:

B) $56,130

Explanation:

The cash flow statement shows how the company's operating, investing and financing activities affect the flow of cash by generation or use.

The investing activities section is where the purchase of fixed assets and the amount received for the disposal of these assets are accounted for.

Given that a gain was realized and the book value of the asset was given, the amount received for the disposal

= $5,278 + $50,852

= $56,130

This is the amount that will be reported in the investing activities section of the statement of cash flows as an inflow.

6 0

3 years ago

If a manufacturing plant that employs 20% of the local labor force closes, the likely effect on the areaâ€™s real estate values

love history [14]

Answer:

Supply and demand

Explanation:

First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.

The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".

Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".

For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.

6 0

3 years ago