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Lorico [155]
4 years ago
5

Suppose you are looking at the 2006 results of how the Echo generation classified specified items as either luxuries or necessit

ies. Do you expect the results to reflect how the Echo generation would classify items in 2020? Explain. No, many luxury brands will no longer exist in 2020, and will thus be unavailable for purchase. Newer luxury brands will dominate the lists. Yes, people's ideas of luxuries or necessities rarely change. No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then. Yes, though the generation will have aged by 14 years, their perception of items as necessities or luxuries will not have changed by then. Yes, the costs of luxuries or necessities doesn't change that much with time, so they would still be considered luxuries or necessities in 2020.
Business
1 answer:
garri49 [273]4 years ago
8 0

Answer:

No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then.

Explanation:

In this the individual perception important. That means if the person considered the necessity so it would not be the necessity after the age of 14 years and if the person considered the luxury so the necessity would be considered for the same person after the age of 14 years

So the necessity and the luxury would be changed as per the perception

Therefore the answer is no.

You might be interested in
Auto Shoppe is considering the purchase of a new engine computer code reader for $30,000. Auto Shoppe can charge $50 for the ser
Jobisdone [24]

Answer:

Auto Shoppe

For Auto Shoppe to just break-even when it reads the codes from 200 car engines, it would charge $160 for the service of reading each car engine.

Explanation:

a) Data and Calculations:

Fixed cost of new engine computer code reader = $30,000

Service charge for reading the code from a single car engine = $50

Variable cost of reading per car engine = $10

Number of engines to read their codes = 200

To break-even, total costs must equal total revenue

Total costs = Fixed costs + Variable costs

= $30,000 + $10 * 200

= $32,000

Therefore, revenue should be equal to $32,000

The amount to charge in order to break-even is:

= $160 ($32,000/200)

b) This implies that to break-even at $50 selling price, the number of engines should be increased to 750 ($30,000/$40).  This is because the contribution margin per unit = $40 ($50 - $10) and the fixed costs = $30,000.

3 0
3 years ago
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
Kaylis [27]

Answer:

A sustainable competitive advantage

Explanation:

In a market that is perfectly competitive, firms offer products that are similar. They have to constantly seek ways to maintain their competitiveness by differentiating their product from others.

Maintaining an excellent customer service culture that goes the extra mile to solve customer problems is one of the ways to maintain competitive advantage.

Nordstrom is using this effectively to differentiate their services.

6 0
3 years ago
"Lovely Skin is establishing a pricing strategy for a new moisturizer. The total cost to produce each unit is $3.50. The company
White raven [17]

Answer: cost plus approach

                                   

Explanation:  In simple words, it refers to a pricing strategy under which the producing firm adds up a predetermined specific margin to the total cost to compute the selling price.

This approach is considered to be less troubling as it is easy to ascertain the selling price and also it makes accounts recording  and book keeping more effective and simple.

Usually such method is used for Procrustes that are sold to the final customers in single piece and not in a batch for example - a soap, a chocolate etc. other commodities such as computer parts etc are generally not priced according to this strategy.  

8 0
3 years ago
2. The Basics of Business Writing Writing in a business environment differs from other types of writing. In professional setting
frutty [35]

Answer:

Fast Facts: Basic Business Writing Goals

 Convey Information: Forms of business communication, such as research reports or policy memos, are written to disseminate knowledge.

 Deliver News: Professional writing is often used to share recent events and accomplishments with both internal and external audiences.

 Call to Action: Business professionals use writing in an attempt to influence others for numerous reasons including selling merchandise and passing legislature.

 Explain or Justify an Action: Professional communication allows a business entity to explain their beliefs or to justify their actions.

1. Instructional Business Writing

Instructional business writing provides the reader with the information needed to complete a task. The task may need be accomplished immediately or it may be for future reference.

This type of document must break down a process into steps that are understandable to the reader. The written record must account for reader’s knowledge of the area, the scope of the task while integrating variations or potential problems.

Examples:

 User Manual: a guide focused on allowing the customer to use a product. Effective user manuals are crucial to a good user experience and a happy customer. User manuals are often considered part of technical writing, which is closely related to business writing.

 Specifications: a technical document which provides an outline of a product or process that allows it be constructed or reconstructed by an unfamiliar but knowledgeable user, enabling effective distribution.

 Memo: a short notification of new information shared within a large group in an organization. The memo may include a direct instruction or be a reference on how to complete future tasks.

2. Informational Business Writing

Not all business writing requires action. A large volume of writing is created for reference or record. This category can include some of the less glamorous but still essential documents.

Recording business information accurately and consistently is important for marking progress, predicting future work, as well as complying with legal and contractual obligations.

 Report: perhaps the bulk of informational writing is report writing. Organizations rely on reports to act, to communicate business and technical information, to capture work completed, to record incidents, to finalize projects and recommendations, and to act as an archive. A well written report allows the reader to easily grasp the content and, if applicable, make informed decisions.

 Financials: documents that outline the financial state of a company. These statements provide a fiscal snapshot of a company over a defined period.

 Minutes: a summary of the proceedings of a meeting. A record of discussions, decisions, and assignments for attendees and others.

3. Persuasive Business Writing

When people think of business writing, they often think of the persuasive writing category. These documents are generally associated with sales. The persuasive writing may be direct, with focus on a specific item, or indirect, with focus on developing the client relationship.

The goal is to two-fold: to convey information and to convince the reader that the presented information offers the best value. The text is written to impress the reader and sway their decision.

 Proposals: these documents outline an offer of a product or service to a specific potential client. The proposal generally presents project overview, benefits, timeline, costs, and competency.

 Sales Email: an email written to a large number of people to pitch a product or service.

 Press Release: a text written for journalists and media presenting new information. The text aims to persuade the reader to share the content through their own channels

4. Transactional Business Writing

Everyday communication falls under transactional business writing. The majority of this writing is by email, but also includes official letters, forms, and invoices. An easy way to quickly improve your transactional business writing is to take an online course.  

These documents are used to progress general operations. They are also used to convey good and bad news, often associated with human resource processes.

 Emails: documents used to quickly communicate information between staff or clients in business activities. Read our guide on how to write a business email here.

 Dismissal notice: this letter provides the official context and procedural details associated with employment termination.

Each business document falls into one of these four categories. By determining the category, you will better understand your document’s goal. This insight will improve your writing.

Explanation:

5 0
3 years ago
Rockwell Inc. reported the following results for the year ended June 30, 2016:
pychu [463]

Answer:

See attached file

Explanation:

The Retained Earnings Statement is prepared to show changes in the amount  of retained earnings over the accountable period. Retained earnings and Stockholders´ contributions are the main accounts in Stockholders´ Equity.  

The first ones are profits reserved by the company to invest in future projects rather than distribute as dividends to shareholders, that’s why are calculated as follows:  

Retained Earnings Final Balance = Retained Earnings Beginning balance – Dividend in cash – Stock dividend + Net Income – Net loss.

Stock Divided will register as Stockholders´ contributions.  

4 0
3 years ago
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