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3 years ago

When did american business begin to concentrate on customer needs why?

1 answer:

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American businesses began to be more interested in the needs of their customers due to the increase in the competition between merchants and the demand of quality by the consumer which forced the merchants to pay more attention to consumer needs rather than their own necessities as an entrepreneur, since if the consumer does not need a product, then it is not commercially viable. Since the 1950's the increase in consumption has had a direct impact on entrepreneurs, business owners, and markets.

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The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing unit. The president is in t

trasher [3.6K]

Answer:

AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows

VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.

Explanation:

Average Cost is the cost per unit off output.

Problems with AC as a performance measure :

It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
It's variance analysis during production & cost phases is very complicated.
It's result are deviant as evident from cash flows.

Variable Cost is the cost incurred on variable factors of production.

Problems with VC as a performance measure :

It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)

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3 years ago

Creative Canopies (CC) is a manufacturer of flexible canopies for athletic facilities. CC has contracts with 3 universities to i

ElenaW [278]

Answer:

Creative Canopies (CC)

With gross profits of $10,000, the least profitable is:

B. UCLA

Explanation:

a) Maintenance Costs of Canopies:

Support Activity Driver Cost per Driver Unit

Major refinishes: Hours on jobs $55

Minor touchups: Number of visits $400

Communication: Number of calls $25

b) Customer Data:

University Hours major Visits minor Calls=

USD 100 7 12

USC 90 5 15

UCLA 120 6 9

c) Calculation of the Cost of Canopy Maintenance for each customer:

University Hours Major Minor Major Minor Commun- Total

Visits Calls Refinishes Touchups ication

USD 100 7 12 $5,500 $2,800 $300 $8,600

USC 90 5 15 $4,950 $2,000 $375 $7,325

UCLA 120 6 9 $6,600 $2,400 $225 $9,225

d) Calculation of net income from each customer:

University Gross Profit Maintenance Cost Net Income

USD $10,000 $8,600 $1,600

USC $10,000 $7,325 $2,675

UCLA $10,000 $9,225 $775

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3 years ago

Beck Company has inventory of $725,000 in its stores as of December 31. It also has two shipments in transit that left the sup

FrozenT [24]

Answer:

Total Inventory $899,000

Explanation:

Inventory at hand $725,000

Inventory in transit $102,000

Inventory in consignation $72,000

Total Inventory $899,000

Notice:

The first cargo is under term FOB destination, which means the goods are still property of the seller, so are not part of Beck company's yet.

While the second cargo is fob shipping point, Beck assume possesion of the gods as soon as they enter the dock.

3 0

3 years ago

What is one reasons why mixed economies exist?

Snowcat [4.5K]

Answer:

Mixed economics places some limits on the safety of society.

Explanation:

As the name infers, a mixed economy is a type of framework where all exercises underway, just as those performed by private and government substances, mix free enterprise with different sorts of regulations. Both the general population and individual parts can work similarly, which implies that financial advancement will be speedier.

This is particularly evident, thinking that financial assets will be used effectively. Additionally, the consumption of assets will be backed off. What's more, the legislature would likewise attempt to build up every division of the population.

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3 years ago

Read 2 more answers

Jerome's Italian Pizza is in a very competitive industry, and its upper management believes that it can achieve higher profits b

Troyanec [42]

Answer:

That statement is true

Explanation:

Strategic goal is the type of goal that is carefully designed to accomplish a business strategy, This type of goals need to express the desired outcome that wanted be achieved and listed a specific set of actions that can make the company achieve that outcome. Strategic goal commonly created when a company want a more concrete way to measure its success compared to other competitors.

This can be seen in Jerome's italian pizza.

"Increase profits by 15% a year for each of the next five years" is what considered to be the desired outcome.

lowering costs and prices, providing quicker delivery, and providing good customer service are the Sets of action that the company intended to take.

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3 years ago