<span>In analyzing Ted Levitt’s definition of a product, he claims it to be something that solves a problem, or is a tool that solves an issue for a consumer. Customers want the satisfaction that the product they purchase will both meet and exceed the expectations they have for it.</span>
Answer:
O A) The workers who make them have little incentive to make them well.
Explanation:
In a command economy, the government does all the production through its agencies and institutions. The government employs all the workers. Public interest is the motive for engaging in commercial activities. Production is not profit-motivated; hence goods and services are availed to customers are low prices. The employees' pay is not high as organizations don't generate a lot of profits. Employee morale is low due to the low pay.
In command economies, there is no business competition. Government institutions are monopolies. Without competition, there is little innovation in the country. Employees are not challenged to develop new products as consumers have no other alternatives.
Solution:
Given,
Fisher plumbing supply Co. had sales of $2,780,000
Wrote off $16,000 of accounts as noncollectable
Net income of $120,000
Now,
Expense under direct write off: 16,000
Expense under Allowance: ($2,780,000*1%) = 27,800
which means expense is understated by = 27,800 - 16,000 = 11,800.
so, the net income under allowance would be 120,000 -11,800 = 108,200
Answer:
articles of incorporation.
Explanation:
An article of incorporation also known as corporate charter, can be defined as a set of formally written documents that legally establishes the existence of a corporation when filed with the government.
Hence, the document filed with the state that begins the incorporation process in most states is called the articles of incorporation.
For example, in the United States of America, an article of incorporation should be filed or petitioned to the Office of the Secretary of State where it chooses to establish its corporation.
Additionally, an article of incorporation typically comprises of information such as the business firm's address, business name, type of stock issued, amount of stock issued etc.
Answer:
The rate of return must be 12.25% per year
Explanation:
Find the calculation attached. The aim is to increase the initial capital taking into acount that for each year the capital will be increased by the interest paid . Therefore the capital + interest paid will be the new balance from which the 12,25% will be applied again for the next 6 years.