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3 years ago

How does supporting fair trade help consumers?

2 answers:

6 0

Fair trade in smaller territories e.g the carribean islands, support customers in the way that the goods are duty free and exporting and importing is cheaper because no fee is needed for the government of either islands. That's how it works here where I live in the eastern Caribbean.

notka56 [123]3 years ago

6 0

They are able to know that their purchases are not supporting unfair labor practices. - Apex

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1. Describe Village Volvo's service package.

Novay_Z [31]

Answer:

See the explanation for the answer.

Explanation:

1. Village Volvo’s service package involves following 5 service package:-

a) Implicit Service:-Mechanics of Volvo provides very friendly environment with positive attitude. They acts as helping hand to customers by providing them advice/consultancy.

b) Explicit Service:-Volvo provide high quality of repair services with a reasonable price thereby ensuring that all Volvo vehicles are running smoothly with no problems.

c) Facilitating goods:-They provide good waiting area for their customers with services such as TV, coffee, soft drink machine newspaper.

d) Supporting facility: - They occupy new building and keep it neat and clean. This building include all facilities as per requirement.

e) Information:-Mechanic understand vehicle’s problem first, analyze solution and notify customer with estimated cost and time required.

2. Distinctive characteristics of a service firm illustrated by Village Volvo are:-

a) Trust

b) Customer comfort and satisfaction

c) Respect

3. Village Volvo can manages its back office like a factory by adoption framework of quality management i.e

a) Giving more importance to safety of its employees.

b) Stressing more on security of its employees

c) Create friendly environment for employees to work in and provide employee satisfaction.

d) Provide a sustainable growth.

4. Village Volvo can differentiate itself from Volvo dealers from following ways:-

a) Sustainable customer touch points.

b) Professional mechanics/agents

c) Through service excellence, village Volvo can create a differentiation.

3 0

3 years ago

Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-yea

Gelneren [198K]

Answer: Jordan's mobile communications device company is conducting an industry analysis as it considers new strategies for its five-year strategic plan. The analysis reveals that recent government deregulation has reduced the barriers to entry and several start-ups are entering the industry. The solution that could be a part of the the plan to counteract is to acquire the company's biggest supplier, bringing the capability of manufacturing critical component parts into the business structure.

Explanation: The Strategic Plan of a company serves to establish the objectives to be achieved and the methods of action to achieve them .

It includes the meeting of the team of directors of the company and the ideas are written down so that the whole team finds out about the strategy to follow and the objectives, generally up to the following 5 years.

Some of the point to be clarify are for example :

Opportunities
Threats
Economy
Technology
Size of the market
Evolution of the market

Each company must see the best option in any case to achieve the goals that have been proposal on the strategic plan .

Is important to know the kind of competitors and suppliers that are in the market in order to face the difficulties on the most outstanding way that company has.

4 0

3 years ago

A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the

sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= $\frac{new price\ -\ initial\ price}{initial\ price} \times100$

= $\frac{2.50\ -\ 2}{2} \times100$

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= $\frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}$

= $\frac{5}{25}$

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0

4 years ago

The best test of whether potential entry is a strong or weak competitive force is Select one: a. to ask if the industry's growth

timofeeve [1]

Answer:

The correct answer is letter "A": to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.

Explanation:

The worldwide economy has allowed firms to expand their operations benefiting them by exploring new markets and increasing their number of customers, thus, generating more revenue. Before the firm decides to go ahead with the venture, a market analysis must be performed to determine if the industry in the target country is growing and facilitates the operation of the business to ensure profits.

8 0

3 years ago

Paragas, Inc., is considering the purchase of a machine that would cost $370,000 and would last for 8 years. At the end of 8 yea

const2013 [10]

Answer:

The net present value of the proposed project is close to $19,544.65.

Explanation:

The net present value of the proposed project can be calculated as follows:

Step 1: Calculation of the proposed project's present value of saving of labor and other costs

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PVC = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PVC = Present value of the proposed project of saving of labor and other costs = ?

P = Proposed project's saving of labor and other costs = $96,000

r = required pretax return = 19%, or 0.19

n = number of years of the project = 8

Substitute the values into equation (1), we have:

PVC = $96,000 * ((1 - (1 / (1 + 0.19))^8) / 0.19)

PVC = $379,619.10

Step 2: Calculation of the proposed project's present value of working capital investment recovered at the end of the life of the machine

This can be calculated using the formula for calculating the present value as follows:

PVW = W / (1 + r)^n .......................... (2)

PVW = Present value of proposed project's working capital investment recovered at the end of the life of the machine = ?

W = Proposed project's working capital investment recovered at the end of the life of the machine = $4,000

r = required pretax return = 19%, or 0.19

n = number of years of the project = 8

Substitute the values into equation (2), we have:

PVW = $4,000 / (1 + 0.19)^8

PVW = $994.68

Step 3: Calculation of present value of the machine salvage value

This can be calculated using the formula for calculating the present value as follows:

PVS = W / (1 + r)^n .......................... (3)

PVS = present value of the machine salvage value = ?

W = machine salvage value = $52,000

r = required pretax return = 19%, or 0.19

n = number of years of the project = 8

Substitute the values into equation (3), we have:

PVS = $52,000 / (1 + 0.19)^8

PVS = $12,930.87

Step 4: Calculation of the net present value of the proposed project

Net present value = PVC - Cost of machine - Initial working capital investment + PVW + PVS

Net present value = $379,619.10 - $370,000 - $4,000 + $994.68 + $12,930.87

Net present value = $19,544.65

5 0

3 years ago