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Alisiya [41]
1 year ago
7

costco, a popular retail chain in north america, recently opened three new stores in sacramento to cater to its customers. this

exemplifies growth strategy
Business
1 answer:
just olya [345]1 year ago
6 0

The fact that Costco opened three new stores to serve its customers exemplifies the growth strategy.

<h3 /><h3>What is the growth strategy?</h3>

It corresponds to an organizational plan that defines courses of action with the objective of reaching new markets and consumers. Some growth strategies are related to increasing market share, increasing investments and including benefits in the goods offered.

Therefore, a growth strategy when well implemented helps a company to create more value for the consumer, attracting and retaining them, in addition to becoming more competitive and positioned in the market.

Find out more about growth strategy on:

brainly.com/question/14546783

#SPJ1

You might be interested in
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upc
serious [3.7K]

Answer:

1 & 2. Purchases of Raw Material

                          Purchases in grams                       Cost  

  Quarter 1               68,250                                      $ 81,900

  Quarter 2              82,250                                      $ 98,700

  Quarter 3              75,250                                       $ 90,300

  Quarter 4              60,500                                       <u>$ 72,600</u>

  Full year                                                                  $ 343.500

3. Expected Cash disbursements

  Quarter 1                                                                  $ 54,740

  Quarter 2                                                                 $ 91,980

  Quarter 3                                                                 $ 93.660  

  Quarter 4                                                                 <u>$ 79,680</u>

Total Year payments                                                 $ 320,060

4.  Total cost of Direct Labor    

  Quarter 1                                                                  $ 27,900

  Quarter 2                                                                 $ 37,200

  Quarter 3                                                                 $ 34,100  

  Quarter 4                                                                 <u>$ 31,000</u>

Total Year for direct labor                                       $ 130,200

Explanation:

Computation of raw material purchases

<u>Raw material consumption</u>

Qtr No of Units per qtr Total Requirement

1        9,000 * 7 gms per unit =      63,000 gms

2      12,000 * 7 gms per unit =      84,000 gms

3       11,000 * 7 gms per unit =      77,000 gms

4       10,000 * 7 gms per unit =     <u>70,000</u> gms

Total Year                                     294,000 gms

Raw Material Purchases for each quarter

Purchases = Closing inventory + Consumption - Opening inventory

1 21,000 (84,000gms * 25 % ) + 63,000 - 15.750 =  68,250 gms  

2 19,250 (77,000gms* 25 %) + 84,000 - 21,000 =  82,250 gms

3 17,500 ( 70,000gms* 25 %) + 77,000-19,250 =  75,250 gms

4 8,000 ( As per data) + 70,000-17.500            =  60,500 gms

Total year purchases =                                       =  286,250 gms

<u>Cost of purchases</u>

Quarter 1    68,250 gms  * $ 1.20     = $  81,900

Quarter 2   82,250 gms * $ 1.20      = $  98,700

Quarter 3   75,250 gms * $ 1,20     =  $ 90,300

Quarter 4   60,500 gms * $ 1,20    =   <u>$ 72,600</u>

Total purchases                                   $ 343,500

Computation of cash disbursements for purchases

Quarter 1 Payments = Opening Payables + 60 % of quarter 1

$ 5,600 + ( 60 %* $ 81,900) = $ 5,600 + $ 49,140 =               $ 54,740

Quarter 2 payments

(40 % of quarter 1) + ( 60 % of quarter 2)

($ 81,900 * 40 %) + ( $ 98,700 * 60 %)

$ 32,760 + $ 59,220                                               =                $ 91,980

Quarter 3 payments

(40 % of quarter 2) + ( 60 % of quarter 3)

($ 98,700 * 40 %) + ( $ 90,300 * 60 %)

$ 39,480 + $ 54,180                                                =                $ 93.660    

Quarter 4 payments

(40 % of quarter 3) + ( 60 % of quarter 4)

($ 90,300 * 40 %) + ( $ 72,600 * 60 %)

$ 36,120 + $ 43,560                                                =               <u> $ 79,680</u>

Total payments for purchases for the year                            $ 320,060

Computation of direct labor cost  

No of units * Estimated Direct labor hours * Labor rate per hour

Quarter 1  =    9,000 * 0.20 per unit * $ 15.50               =         $  27.900

Quarter 2  =   12,000 * 0.20 per unit * $ 15.50               =        $  37.200

Quarter 3       11,000 * 0.20 per unit * $ 15.50               =         $  34.100

Quarter 4       10,000 * 0.20 per unit * $ 15.50               =         <u>$  31.000</u>

Total cost for Direct labour                                                        $ 130,200

8 0
3 years ago
During the Reagan administration, the Laffer curve was used to argue that: a. lower income tax rates could increase tax revenues
solniwko [45]

Answer:

A) lower income tax rates could increase tax revenues.

Explanation:

The laffer curve is a theoretical model which argues that there a tax rate that theoretically produces the most revenue for the government. Said tax rate is between 0% and 100%.

President Reagan used this model to argue that a lower tax rate would actually increase government revenue. The logic behind this claim was that lower tax rates increases both public and private saving, which in turn increases investment, resulting in more economic growth, and more taxable income.

The validity of these claims is dispute and is subject to debate among economists.

6 0
3 years ago
What is one cost of avoiding insurance?
kkurt [141]

Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.

8 0
2 years ago
Lauren is trying to find her net income. She used the statement and the steps shown.
Marat540 [252]

Lauren made an error in step 3 because she should have subtracted expenses from income.

Net income = (Total of all sources of income)- (Total of all bills and expenses)

You must subtract expenses because they are things you are <u>paying for.</u>

8 0
3 years ago
Read 2 more answers
Karen and Anika, the owners of a new personal assistant firm called Assist You 2, are interested in offering their services in a
maks197457 [2]

The first thing Karen and Anika should do is to understand the position of competitors by using the positioning process.

<h3>What is positioning?</h3>

The process of positioning refers to the establishment of a business and its products in the market by creating awareness about it. This product positioning helps to create an image of the products among customers.

This product positioning helps the consumers to compare the product with competitors and identify the product with brand value. It also helps to recognize our products with similar products available in the market.

Therefore, Karen and Anika need to understand the position of their competitors if they wanted to provide their services in a market that has already startups and firms.

This helps them to settle the unique value of their products among customers after recognizing the value of competitors' products.

Learn more about positioning, here:

brainly.com/question/14774463

#SPJ1

4 0
2 years ago
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