Answer: Please refer to Explanation
Explanation:
The Manager has only 160 hours to allocate to all the milestones. However he cannot slack in any milestone as missing even a penny means he won't get a benefit and each milestone takes 20 hours to do.
With 160 hours what can he accomplish,
= 160/20
= 8 milestones.
Answer therefore is,
In order to maximize the total monthly bonus, the manager should allocate ____20____ hours toward meeting each of ____8____milestones and ___0____ hours toward meeting each of the remaining___2___ sales milestones.
He will have to forego 2 milestones but at least he will have been able to complete 8 milestones effectively.
Answer:
<h2>A source of money that allows individuals to pay for goods and services later is called <u>Credit</u>.An advantage of this source of money is <u>convenience of payment.</u> A disadvantage of this source of money is <u>increase in the financial debt</u>.</h2>
Explanation:
- In Economics and Finance,the concept of credit basically refers to post payment agreement in the case of any commercial exchange or purchase of any good or service between the buyer/consumer and seller.In this case,the buyer or the consumer can purchase the concerned good or service and pay for them by a specified time period in future based upon the agreement of both the buyer and seller of the concerned good or service.
- A major advantage of credit payment to the consumers or buyers is that it provides them the opportunity to pay for the goods and services that they have purchased according to their own practical convenience at a later time.The consumers or buyers can peacefully purchase any product or service without having to think much about the payment related hassles and inconveniences.This advantage of credit payment is commonly applicable for big purchases or considerably expensive purchases such as luxury or branded cars,electronic appliances,personal home or real estate and so on where various installment future payment options are provided to the consumers to ease their consumption experience.
- On the other hand,one of disadvantages of credit payment for any purchase is the potential possibility of payment default and accumulation of future financial debt or liability for the consumers and buyers.If the consumers or buyers are not able to or delay to pay the full amount of the goods or services purchased within the pre-specified time period,then it only contributes to psychological distress and deterioration of their credit history which might affect their ability for any future consumption or purchase.Credit or installment payment options also evidently lead to the accumulation of financial obligation or debt for the buyers or consumers.
Answer:
B
Explanation:
You dont want to do the other things, as those are unprofessional
Answer:
Answer to each part of the question is given below separately under specific headings with detailed explanation.
Explanation:
<u>a) Branding strategy recommendation</u>
The branding strategy they should opt is a multi-branding strategy, in which a company's objective is to market more than one product and/or brand under the same hood in order to increase their overall market share. This strategy is somewhat used by other known car manufacturers such as Toyota (Lexus), Honda (Acura) etc.
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<u>b) Branding strategy trade-offs</u>
The trade-off with this strategy is that the attention of Ferrari would be diverted from their main market segment and therefore, they will not be providing new products to the luxury market.
This will give the other companies in the same market segment the opportunity to increase their market share in the same segment.
<u>c) Opinion on the trading-down strategy</u>
It is fairly a risk for Ferrari to opt for the trading down strategy. This is due to the fact that their main market and objective is the luxury market to buy their expensive cars. Focusing on the new strategy could hurt their brand equity and this may impact their loyal buyers.
However, such could be avoided if they market this strategy with a foreign brand name and promote the name under the Ferrari hood by saying that the foreign brand has been designed by the Ferrari. Keeping the original Ferrari name and objective separate from this brand.