Answer:
True
Explanation:
This is a true statement. The beef and chicken are substitute goods. The substitute goods are generally have a positive cross price elasticity of demand which states that there is a direct relationship between the price of beef and the demand of chicken.
If the price of beef increases then as a result the demand for chicken increases and if the price of beef decreases then as a result the demand for chicken decreases.
<span>Marvin, the CEO of his company had taken decisions in the past which did not help in the growth of the company, when compared to other companies in the market.
After 10 years, they have received a non-temporary and highly paid contract. It is advisable for Marvin to choose the requirements of the client in order to build up the company with a high winning ratio.
Marvin should bid on the project so that it will improve the financial rate of the company and also help in employing many people. It might also help in getting new projects in the long run.
The main factors that should be considered by the company are the estimated cost, materials, and manpower.
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Answer:
Particulars Amount
Sales $955,000
Less: Fixed cost of goods sold $111,000
Less: Variable cost of goods sold <u>$261,000</u>
Gross Profit $583,000
Less: Fixed selling & admin. costs $111,000
Less: Var. selling & admin. costs <u>$136,000</u>
Operating Income <u>$336,000</u>
Answer:
increased customer purchases and positive word of mouth
Explanation:
Sam was called in to meet with his boss, Tricia. He was afraid he was going to be fired for the mistake he had made dealing with an important customer of the store. Instead, Tricia explained that he had handled the situation well, listening to the customer and finding a fair solution. Tricia commented, "Even more importantly, working the way you did to correct the error could result in <u>increased customer purchases and positive word of mouth.</u>
Tricia has not discouraged Sam, this is to motivate him, so that he can improve his communication skills to deal with the customers. Dealing with customers will result in that customers being aware of the fact that the customer service at the company is cooperative and good at dealing with the issues.
Self-efficacy
Albert Bandura defined this as the ability to succeed in specific situations or accomplish a task.
Hope this helped. ♡