Answer:
Communicate differences to supervisors to facilitate promotion decisions
Explanation:
Budgets are used to <em>control</em> firm activities. In the process of controlling activities, managers and supervisors might meet the targets, this would be a good thing as the practices they applied are used in areas not meeting targets. thus budgets are used for <em>motivation</em> purposes instead of <em>facilitating </em>promotion decisions
Answer:
With contribution of $1,050 million to fixed costs, The vice president must introduce the computer
Explanation:
Decision on whether or not to introduce a product relies on the variable cost or Relevant costs. The Vice President must only consider the incremental costs incurred as a result of introducing the new product. Incremental Costs are cost that will be incurred only if they decide to produce and introduce. Incremental costs or Revenue are Relevant cost or incomes that are a resulting of deciding to introduce, if the vice president decides not to introduce then all those incremental relevant costs and revenues will be avoided and not incurred. Fixed costs are irrelevant costs and are not a factor in deciding as the decision will depend on the contribution by the new product.
Details DC6900-X
Sales (500,000*$3,900) $1,950,000,000
Variable costs (500,000 *$1,800) -$900,000,000
Contribution $1,050,000,000
Organic organization , uses an extremely organic organizational structure. ... In a simple, stable environment, therefore, companies benefit from the efficiencies created by a mechanistic organizational structure.
Answer:
1. Almost all dissatisfied guests complain.
FALSE, ONLY ABOUT 5-10% OF DISSATISFIED CUSTOMERS ACTUALLY COMPLAIN. SOMETIMES THAT RATIO IS EVEN LOWER DEPENDING ON THE INDUSTRY.
2. About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.
FALSE
3. If you solve a guest problem efficiently, quickly, and delightfully...that guest may be even more likely to use your product or service again than if he or she ever had a problem in the first place.
TRUE, ABOUT 95% OF THE GUESTS WHOSE PROBLEMS WERE SOLVED IMMEDIATELY AND DELIGHTFULLY GENERALLY RETURN OR HAVE A VERY POSITIVE OPINION ABOUT THE HOTEL.
4. Dr. Ricci gave two examples of excellence in guest service from which organizations?
C) Publix, JetBlue
5. It is only likely for a guest to receive outstanding service at luxury brands. That's why Ritz-Carlton, Mandarin Oriental, Four Seasons, and others are the best at what they do.
FALSE
Answer:
The two types of market structure, monopoly, and monopolistic competition, generate essentially the same two types of market inefficiency:
Charging prices higher than marginal cost, meaning that consumers pay a higher price than they would otherwise in a perfectly competitive market.
Producing a smaller amount of output that in a perfectly competitive market.
The difference is in the degree of the inefficiency: monopolies are more market inefficient, and cause more harm to consumers, while monopolistic competition is a less inefficient market structure, and only causes marginal harm to consumers when compared to the hypothetical results of a perfectly competitive market structure.
