Yvonne knows her firm must look at everything it does from a consumer's point of view. one major difficulty is that consumers' needs , wants and ability to purchase change(s) over time.
A person will look for and purchase a good or service because of their necessities. The necessity is what motivates the decision to buy. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services which satisfies the consumer needs.
The majority of business concepts are born when an entrepreneur recognises a demand for a good or service. An entrepreneur or small business must take into account four primary customer needs. Price, quality, choice, and convenience top the list.
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Answer:
Employees frequently complain about the inconsistent assistance they receive from the HR department due to its large size.
Explanation:
Having a specialized, embedded HR unit is beneficial to each, specific unit, as HR would cater to every department and its special needs. On the contrary, centralized HR tends to give inconsistent help, as they always assign a different person or team when a problem arises.
So, if the employees complained that they cannot receive adequate help from the centralized HR, it would be wise to do what Roberta suggested.
Answer:
D. obtaining a commitment from the customer.
Explanation:
Closing a sale is the equivalent of making a sale.
To consider a sale done, you need to have a commitment from the customer to buy the product/service you're offering. That usually mean receiving money or at least firming a binding contract.
None of the other options is describing a complete sale. A and C are potential leads/sales... while B if of course the opposite of closing a sale.
Answer:
Interest expense for 12 months = 0.08*12,000=960
March 1 to May 31= 3 months
Interest expense accrued = 960*3/12=240
Explanation:
Answer: They are both right.
Explanation:
Firms in every market will always maximise profit where their Marginal Revenue equals Marginal Cost because at this point, resources are being fully utilized. This is therefore no different in a Perfectly competitive market so Skip is correct.
Peggy is also correct however because in a Perfectly Competitive market, the demand curve is perfectly elastic. This creates a situation where the Price, Marginal Revenue and Average Revenue are all the same and represent the demand curve as well.
With the Price being the same as the Marginal Revenue in a Perfectly competitive firm, that means that where the Price equals Marginal Cost is where the Marginal Revenue equals Marginal Cost as well so indeed perfectly competitive firms maximize profit where price equals marginal cost.
