Answer:
Zone of service
Explanation:
Zone of service is the period where there is intensive service to be rendered to customers because of the number present per hour. Since they can serve 162 customers per hour, one can estimate that they would be serving about a thousand customers per night within a six-hour period. In the zone of service, every hand would usually be on deck and the tables and chairs would be fully occupied with customers making their food and drink demands.
Answer:
(C) Direct imitation and Substitution
Explanation:
As a leading guitar string producer Wound Up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. One of Wound Up's competitors, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. Therefore and consequently, Wound Up's competitive advantage is in danger due to direct imitation and substitution. As it has been very much obvious from the given data that Wound Up was enjoying superior position in the market based on the clearer sound and longer lifespan of its guitars, which was purely due to their signature coating which they used on the strings. When on its competitor has developed the same kind of coating but even at the lesser rates, then of course, they can enjoy much better position in the market and they can compete much effectively with the Wound UP, both in quality and price as well. This direct imitation and substitution can lead Wound Up losing its competitive advantage, therefore, either they can develop the same strings at the less process or they have to come up with something totally new, creative and unique in order to win this competition now.
<span>Which of the following is not an element required for bringing a negligence claim? Assumption of risk. The four elements required for a negligence claim are: duty, breach of duty, proximate cause and injury or damages. Negligence is defined as not taking proper care of something resulting in injury or harm to something or someone else.</span>
Answer:
Disclose the contingency and state that an estimate cannot be made.
Explanation:
Taylor Company's attorney informs its client that it is possible, but not probable, that the company will lose a currently litigated lawsuit. No reliable estimate of the potential loss is currently available. Taylor should accrue and/or disclose this potential loss BY DISCLOSING THE CONTINGENCY AND STATE THAT AN ESTIMATE CANNOT BE MADE.
Answer:
50% discount
Explanation:
We have the formula
price = marginal cost*(E/(E + 1)
)
We are given the following:
price per unit item = $10
elasticity of demand, E = -3 for coupon users
marginal cost MC = ?
Hence
10 = MC * (-3/(-3 + 1))
10 = MC * 1.5
MC = 10 / 1.5 = 6.67
So, the appropriate discount that can be given is
price - marginal cost = 10 - 6.67 = $3.33 per box
OR 3.33 / 6.67 = 50% discount over cost.
