Answer:
c. employees in service firms deliver the brand promise directly to customers.
Explanation:
Erick's belief is most likely to be true because employees in service firms deliver the brand promise directly to customers.
Answer:
Galla should charge $47
Explanation:
Data provided in the question:
Desired markup = 25% of the total cost
Units to be sold = 5,000
Variable product cost per unit = $15
Variable administrative cost per unit = 10
Total fixed overhead = $45,000
Total fixed administrative = $18,000
Now,
Total variable cost
= Variable product cost per unit × Number of units to be sold
= $15 × 5,000
= $75,000
Total variable administrative cost
= Variable administrative cost per unit × Number of units to be sold
= $10 × 5,000
= $50,000
Therefore,
Total cost
= Total variable cost + Total variable administrative cost + Total fixed overhead + Total fixed administrative
= $75,000 + $50,000 + $45,000 + $18,000
= $188,000
Thus,
Price per unit = Total cost ÷ Number of units to be sold
= $188,000 ÷ 5,000
= $37.6
Price after markup = Price per unit + 25% of price per unit
= $37.6 + ( 0.25 × $37.6 )
= $37.6 + $9.4
= $47
Hence,
Galla should charge $47
Based on the information given about the insurance company, the thing that Wayne should do is D. Immediately provide a copy of the company's AML policy as requested.
It should be noted that the anti laundering policy helps financial institutions in combatting money laundering.
Since the insurance company's AML compliance officer has been asked by FinCEN to provide the agency with a copy of the company's AML policy, he should immediately provide a copy of the company's AML policy as requested.
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Answer:
Procedural Group Norm.
Explanation:
The group norms are a set of guidelines that enables the group work according to them. These norms enables a group to work in a systemmaized manner and order.
The procedural group norms are those groups that follows the procedure of functioning. The procedural norms suggests that how a task will be carried out and what to do the next. This group consists of several procedural roles such as facilitator, recorder, etc.
The stated type of group exemplifies the 'procedural group norms.' As the guidelines are set for the group to first complete their individual tasks and then help other's who have not done their tasks.
So, the correct answer is the second option.
Answer:
b. uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.
Explanation:
Resources refers to competitive and valuable assets, organizational processes, capabilities, information, attributes, and knowledge that are acquired, owned and controlled by an organization. These resources are classified into two (2) main categories;
1. Tangible resources: these are physical assets such as equipments, financial assets, plants, raw materials, inventory etc that are owned and controlled by an organization.
2. Intangible resources: these are assets that are abstract in nature such as knowledge, customer loyalty, skills, experience, stakeholders, patent, culture, buyer recognition etc.
Hence, a resource-based strategy uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching. This ultimately implies that, resource-based strategy avails a company the ability or opportunity to use their tangible and intangible assets to provide finished goods and services to meet the needs or wants of customers, as well as creating a competitive advantage over rivals in the same industry.