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vladimir1956 [14]
2 years ago
8

Venus Diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. This ha

s helped the restaurant improve its customer service and satisfaction. This scenario illustrates that Venus Diner is striving for _____.
a. effectiveness

b. consistency

c. synergy

d. cohesiveness
Business
1 answer:
mina [271]2 years ago
5 0

Answer:

The answer is a. Effectiveness

Explanation:

Ok, let's see the difference between the different options. And why Effectiveness is the correct one.

  • Effectiveness <em>is the capability of producing a desired result or the ability to produce desired output.</em>

  • Consistency  <em>this principle states that people live up to what they have publicly said they will do and what they have written down</em>

  • Synergy <em>is the creation of a whole that is greater than the simple sum of its parts. A corporate synergy refers to a financial benefit that a corporation expects to realize when it merges with or acquires another corporation.</em>

  • Cohesiveness <em>Extent to which the members of a group find staying together to be in mutual interest.</em>

As we can see in the definitions, when Venus Diner installed two additional billing counters, they were aiming to imprive its customer service and satisfaction. They were effective in achieving that result.

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Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that  88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income.  </span>

7 0
3 years ago
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50k in 2018 what is it?
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It means that 50,000 dollars was made in 2018

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2 years ago
abc and xyz agree to maximize joint profits. However, while ABC produces the agreed upon amount, XYZ breaks the agreement and ea
Marat540 [252]

Answer:

The answer is "$ 140".

Explanation:

The company produces the quantity MR = MC and if there is no quantity MR = MC, the amount throughout the case MR is just greater and closest to MC to maximize profit.

Here MR = marginal income and marginal cost =MC

MR =\frac{Overall \ sales \ change}{Quantity\ shift}

In the above table, we could see that the amount MR = MC = 8 isn't available. Thus it produces the amount where the MR

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25 unit MR =\frac{TR \ change}{Quality \ change}

= [TR (when \ Q = 25) -TR \frac{(when \ Q = 20)]}{(25 - 20)}

= \frac{(450 - 400)}{5}= 10

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MR of 30 units=\frac{(480 – 450)}{(30–25)}=6, similarly MR of 30 units.

Consequently, 25 units were produced and 12.5 units were produced.

Currently, XYZ breaks the agreement and produces three more so thus maximum quantity produced on a market = 25 + 5 = 30 and through the above table they see which if quantity = 30, price = 16.

XYZ produces 12.5 + 5 = 17.5 output from 30 units.

Cost Total = TVC + TFC

Total TVC = Total Cost for Variable TFC = Maximum Cost of TFC = 0.

If MC is stable, TVC = MC \times Q = 8 \times q, where Q = exposed to the real produced and XYZ produces 17.5 in this case.

Total expenditure (TC+) is TVC = TFC = 8 \times 17.5.

Take control = TR - TC = TC = 16 \times 17.5 - 8 \times 17.5 = 150.

So the business XYZ is profiting = 140

7 0
3 years ago
Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,
Studentka2010 [4]

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

5 0
2 years ago
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On January 1, Salter Corporation determined that its direct materials inventory needs to contain 6,000 pounds of materials by Ma
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Explanation:

Direct materials inventory desired = 6,000

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5 0
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