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3 years ago

Asking yourself "What can I do to build a loyal customer base?" is an example of

Business

1 answer:

MakcuM [25]3 years ago

4 0

Correct answer is C, Creativity.

Asking yourself, What can i do to build a loyal customer base?, is an example of Creativity.

When a person in an organization is creative and wants to build a loyal customer base, he asks himself that how can he build it. He finds out ways to build a loyal customer base. He innovates, he takes out the best creativity out of him. When he is focusing on asking himself the solutions, he is basically creative who is seeking answers within himself.

You might be interested in

What key characteristics separate primary and secondary data

Stells [14]

Primary data is when the data is gathered immediately after something happened but secondary data is gathered after a while it happened.

4 0

3 years ago

Babe Ruth's 1931 salary was $80,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. Ruth's

grandymaker [24]

Answer:

Explanation:

Because she has work 84 years there and in 1931 her salary was less and after 84 the salary must be more

8 0

3 years ago

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding

bulgar [2K]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary product cost= 17 + 7 + 3 + (893,000 / 47,000)

Unitary product cost= 27 + 19

Unitary product cost= $46

Now the income statement:

Sales= 42,000*84= 3,528,000

COGS= (42,000*46)= (1,932,000)

Gross profit= 1,596,000

Total Selling and administrative expenses= (42,000*4) + 560,000= (728,000)

Net operating profit= 868,000

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

Unitary variable product cost= 17 + 7 + 3

Unitary variable product cost= $27

Now, the income statement:

Sales= 3,528,000

Total variable cost= 42,000*(27 + 4)= (1,302,000)

Total contribution margin= 2,226,000

Total fixed manufacturing cost= (893,000)

Total Selling and administrative expenses= (560,000)

Net operating profit= 773,000

5 0

3 years ago

Suppose that Bob leaves a job that pays $50,000 per year in order to open a new sponge business. His insurance cost is $5,000, h

MrRa [10]

Answer:

Economic profit is $0

Explanation:

Economic profit is sales revenue minus both explicit and implicit costs.

Explicit costs are the costs that involve actual cash movements,whereas the implicit costs are the costs or benefits forgone,for the benefits Bob had to forgo in order to run his own business such the salaries that could he could earn if he takes up an employment rather than self-employment.

Sales revenue $90,000

less explicit costs:

Insurance ($5,000)

Material costs ($25,000)

Lease payments ($10,000)

implicit cost:

Salaries forgone ($50,000)

Economic profit $0

5 0

4 years ago

In business continuity planning, which of the following is an advantage of a "hot site" over a "cold site":

stepan [7]

Answer:

C. Short period to become operational

Explanation:

In business continuity planning, a disaster recovery site is one that is set up to ensure the computer operations of the business does not come to a halt in case of a system emergency or disaster.

The disaster recovery site could be a hot site, warm site or cold site.

An advantage of a hot site is that it can be set up quickly and as such, takes less time to become operational than a cold site.

However it has a cost disadvantage as it is more expensive to set up.

3 0

4 years ago