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Stolb23 [73]
3 years ago
9

Today, almost every sales rep can immediately check the company's inventory andproduction schedule electronically. This allows s

ales reps to sell what is available and make promises to customers that they can keep. This technology has improved service delivery through:
A. access to a wide variety of services.
B. greater control by customers over service delivery.
C. increased zone of tolerance.
D.greater ability to obtain information.
E. saving customers time
Business
1 answer:
7nadin3 [17]3 years ago
5 0

Answer:

E) Savings customers time

Explanation:

The fact that sales representatives can verify if the product they want to sale is available before closing the deal is of great benefit to the customers. Customers will not have to go through the bad experience of being promised a product, and having it delivered because of lack of availability.

This will help increase customer loyalty and the firm's reputation in the market.

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Firms that pursue cost advantage will implement different structures and systems distinguishable from those pursuing differentia
Firdavs [7]

Answer:

d. Low levels of job specialization

Explanation:

Firms that pursue cost advantage have effective & efficient management techniques.

Employee remuneration based upon individual productivity , Frequent performance reporting , High levels of outsourcing : are all important for proper management of firms to achieve cost advantage.

However, proper effective & efficient management cant be achieved without proper division of labour & specialisation of job. So, firms pursuing cost advantage have all features in their systems except 'Low levels of job specialization'

4 0
3 years ago
Cheese Mart LLC sells cheese to Pizza Palace for $1,500. Pizza Palace uses the cheese to make pizzas, selling them to consumers
Mamont248 [21]

Answer: $9000

Explanation:

The gross domestic product (GDP) is the final value of the goods that are produced in an economy. In this case, we are only interested in the final value which is the $9000.

It should be noted that when Cheese Mart LLC sells cheese to Pizza Palace for $1,500, this is an intermediate good and should not be counted when calculating the GDP.

8 0
3 years ago
) A health insurance will pay for a medical expense subject to a $100 deductible. Assume that the amount of the expense is expon
Delicious77 [7]

Answer:

Expectation = $409.365

Standard Deviation= $491.72.

Explanation:

Solution Let M be the amount of the medical expense and let X be the insurance  company’s payout. Then,

X =  {M − 100, if M > 100,

        0, if M ≤ 100,

where M is exponentially distributed with parameter 1/500. To find the expected  payment, apply the law of total expectation, giving

E(X) = E(E(X|M)) = ∫∞  0   E(X/M = m)e^−m dm

= ∫ ∞  100  E(M − 100/M = m) 1 /500e^−m/500 dm

= ∫ ∞ 100  (m − 100) 1 /500e^−m/500 dm

= 500e^−100∕500

= $409.365.

For the standard deviation, first find

E ( X²) = E ( E ( X²/M)) = ∫ ∞  0   E ( X²/M = m ) e^−m dm

= ∫ ∞  100   E (  (M − 100) ²/M = m ) 1 /500e^−m/500 dm

= ∫ ∞  100  (m − 100) ² 1 /500e^−m∕500 dm

= 500000e^−1/5 = 409365.

This gives

SD(X) = √ Var(X) = √ E(X²) − E(X)²

= √ 409365 − (409.365)²

= $491.72.

NB: ∫ ∞  100 and ∫ ∞  0 is ∫  superscript ∞ and subscript 0 or 100 as the case may be.

Also, 1 /500e^−m/500 is 1/500e raised to -m/500

3 0
3 years ago
The country of Micronesia is currently experiencing a recessionary gap. The size of the recessionary gap is $500 billion. If the
anastassius [24]

Answer:

The appropriate solution is "100 billion".

Explanation:

The given values are:

Recessionary gap (Total change),

= $500

Marginal propensity consume (MPC),

= 0.8

Now,

Multiplier will be:

= \frac{1}{1-MPC}

On putting the value of MPC, we get

= \frac{1}{1-0.8}

= 5

As we know,

⇒ Total \ change=Government \ spending's \ increase\times Multiplier

⇒ Government \ spending's \ increase=\frac{Total \ change}{Multiplier}

On substituting the values, we get

⇒                                                       =\frac{500}{5}

⇒                                                       =100 \ billion

8 0
3 years ago
"Total revenue equals the price multiplied by the quantity. The relative change price and quantity is given by the concept of __
Flura [38]

Answer:

Elasticity

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

I hope my answer helps you

7 0
3 years ago
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