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tigry1 [53]
2 years ago
10

Laura is a gourmet chef who runs a small catering business in a competitive industry. laura specializes in making wedding cakes.

laura sells 20 wedding cakes per month. her monthly total revenue is $5,000 and her average variable costs are $180. the marginal cost of making a wedding cake is $200. in order to maximize profits, laura should:
Business
1 answer:
quester [9]2 years ago
8 0
<span>Laura should both reduce her variable costs and increase her total revenue. If she charged 10% more ($275 instead of $250) and reduced her variable costs by 10% ($162 instead of $180), she would nearly double her profits. She would profit $93 per cake compared to her current $50.</span>
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The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
The useful life of a new plant asset _____. is the same as the asset's total productive life. might not exceed one year. might b
gulaghasi [49]

Answer:

The correct answer is letter "C": might be estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset.

Explanation:

A company's assets represent the<em> cash, patents, accounts receivable, equipment, plants, </em>and <em>land</em>, among others, useful for the firm to generate profit. When it comes to plant assets, they are considered fixed assets for cost accounting purposes and are nothing but the <em>land, buildings and machinery</em> useful for manufacturing.

<em>Calculating the useful life of a plant asset can be complicated and may require engineering studies. However, if the expertise of an employee is good enough to determine it the firm must take advantage of this strength but if there is nobody with this capability the institution should look for someone who does moreover when it does not have experience computing the useful life of such assets.</em>

8 0
2 years ago
After being frustrated by the lack of detailed, reliable, and up-to-date information available to help him decide where to go on
almond37 [142]

Answer:

TripAdvisor

Explanation:

TripAdvisor is a global travel company founded by Stephen Kaufer in February 2000.

Features available include price comparison, online reservations for transportation, reservation for lodging, travel experiences, and restaurant information.

The original idea was for a social media website that encouraged swapping of ideas relating to travelling. There was a button - Add your own review, and this promoted the growth and use of TripAdvisor because honest opinions are shared.

People tend to express their views on highs and lows of their experiences during holiday travels. This helps travelers make informed decisions when they want to travel, and also travel and hospitality services providers get to know areas they can improve.

7 0
3 years ago
Which of the following is not one of the key components of effective teams?A) team efficacyB) company reputationC) adequate reso
Annette [7]

Answer:

<u>C) adequate resources</u>

Explanation:

  • Teamwork is work that is dependent on the member of the organization that forms a team network and is characterized by the smart work performed together in an effective and efficient style.  
  • The several other components include open communication, effective coordination, efficient cooperation and high levels of interdependence. Thus the team is an action-oriented workforce, with forming, norming and storming of the performance.
3 0
3 years ago
A directory is defined as an organized list of
DanielleElmas [232]
Names, adresses, phone numbers, and places
4 0
3 years ago
Read 2 more answers
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