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Fudgin [204]
3 years ago
6

Saddle Up, a small tack store in Massachusetts, stresses a culture of excellent customer service. To ensure customer satisfactio

n, the store allows customers to return most items hassle-free, even certain items that have been opened and used, such as boots, helmets, and saddles, as long as they are still in good condition. The store has a bargain section at the back of the store to sell returned items at lower prices. However, certain items, such as vet supplies, fly spray, supplements, and tack cleaning supplies, can only be returned if they are still sealed. In implementing its return policy, the store trusts its employees to:
a. always check with the corporate office before accepting a return.
b. ask customers for detailed reasons for their returns.
c. use their best judgment.
d. adhere to strict guidelines.
e. only take back items that are in new condition.
Business
2 answers:
alexandr1967 [171]3 years ago
8 0

Answer:

The correct answer is letter "C": use their best judgment.

Explanation:

Merchandise return policies are the different terms and conditions companies follow at the moment of receiving items that could be damaged and need to be replaced or objects that did not fulfill customers' expectations. Some stores could be very strict on following return policies while some others are more flexible to ensure clients will continue to do business with them.

Thus, in the example given, <em>"Saddle Up" relies on its employees' best judgments at the moment to apply return policies since they take items that could have signals of being used to be resold at lower prices. Store employees should use their own criteria to determine how good are the conditions of those items to be offered again and leave the store with some profits.</em>

Gre4nikov [31]3 years ago
4 0

Answer:

The correct option is C, use their best judgement

Explanation:

Option A is wrong as there was no requirement stipulating that they need to check with the corporate office before accepting a return.

Option B is also wrong based on the point above.

Option C is correct as the employees are given the opportunity to use their best judgement in determining whether or not an item is still in good condition.

Option D is also wrong because there was no pointer to strict adherence to guidelines.

Lastly, option E is wrong because good condition is not the same new condition.

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If the inverse demand function is:
Vesnalui [34]

Answer:

-0.136 and $528

Explanation:

Given that

p = 50 - 0.5Q

where,

Q = 88

So, p equals to

= 50 - 0.5 × 88

= 50 - 44

= $6  

As it is mentioned that

p = 50 - 0.5Q

0.5Q = 50 - p

Q = 100 - 2p

And we know that

Price elasticity of demand is

= Percentage Change in quantity demanded ÷ Percentage Change in price

So,

= -2 × (6 ÷ 88)

= -0.136

And, the revenue is

= Price × Quantity

= $6 × 88

= $528

8 0
3 years ago
Jaronda founded Diamond Communications Inc. in 1993. Ten years later, the company went public. Despite Jaronda's death in 2005,
Solnce55 [7]

Answer: C. separation of legal ownership and management control

Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.

Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.

7 0
3 years ago
Lee starts entering data into the table. He types in the mass of Mercury. Next, he wants to type in the diameter of Mercury.
katrin [286]

Answer:

Her weight is lower on Venus because the acceleration due to gravity is lower.

Explanation:

6 0
3 years ago
Read 2 more answers
People need to have _____ in the economy to spend money.
katen-ka-za [31]
People need to have [Purchasing Power] in the economy to be able so spend money. Purchasing power means having the financial ability to spend money in buying goods and services.

5 0
3 years ago
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Suppose that you have the option to lease a new car, which you otherwise intend to purchase for $21,000. The lease terms: $3000
slava [35]

Answer:

The amount that will be paid to buy the car is $18,539.43.

Explanation:

This can be calculated using the following 3 steps:

Step 1: Calculation of the present of the monthly payment

Since the payments are made at the beginning of each month, this can be calculated using the formula for calculating the present value (PV) of annuity due given as follows:

PVM = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) .................................. (1)

Where;

PVM = Present value monthly payments = ?

P = Monthly withdraw = $298

r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045

n = number of months = 48

Substitute the values into equation (1), we have:

PVM = $298 * ((1 - (1 / (1 + 0.0045))^48) / 0.0045) * (1 + 0.0045) = $12,896.55

Step 2: Calculation of the present of the purchase amount at lease expiration

This can be calculated using the present value formula as follows:

PVP = P / (1 + r)^n  .................................. (2)

Where;

PVP = Present value of the purchase amount at lease expiration = ?

P = Purchase amount at lease expiration = $7000

r = monthly financing rate = Financing rate / Number of months in a year = 5.4% / 12 = 0.054 / 12 = 0.0045

n = number of months = 48

Substitute the values into equation (2), we have:

PVP = $7000 / (1 + 0.0045)^48 = $5,642.88

Step 3: Calculation of the amount that will be paid to buy the car

This can be calculated as follows:

Amount to pay to buy car = PVM + PVP ............... (3)

Where:

PVM = Present value monthly payments = $12,896.55

PVP = $5,642.88

Substitute the values into equation (3), we have:

Amount to pay to buy car = $12,896.55 + $5,642.88 = $18,539.43

Therefore, the amount that will be paid to buy the car is $18,539.43.

5 0
2 years ago
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