The statement "with price bundling, it is easy to know what the individual prices were before the products or services were bundled into a package" is definitely true.
<h3>What is Price bundling?</h3>
Price bundling may be defined as a type of business strategy that significantly deals with the packaging of separate products together and offering them at a single along with typically reduced prices. This type of strategy is generally operated by companies in order to attract consumers.
It is extremely true that the strategy of price bundling demonstrates the individual prices of all products or services which are bundled and packaged in a single component.
Therefore, the statement "with price bundling, it is easy to know what the individual prices were before the products or services were bundled into a package" is definitely true.
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Answer:
C. Reducing deposits and reserves by $5 million.
First, calculate for the total operating cost of the park through the equation,
TC = TV + TF
where TC is the total cost,
TV is the total variable cost which is equal to the product of the variable cost per visitor and number of visitor, and
TF is the total fixed cost.
Substituting the known values,
TC = ($15)(1,750,000) + $60,000,000 = $86,250,000
Then, the total revenue is the product of the cost of ticket and the number of visitors.
TR = ($50/visitor)(1,750,000 visitors) = $87,500,000
Subtracting the two values will give us an answer of $1,250,000.
ANSWER: $1,250,000
Answer:
Relationship-oriented leadership
Explanation:
Relationship-oriented leadership is the style of leaders whose main as well as primary focus is on developing, supporting as well as motivating people or members of their teams as well as the relationship within.
This leadership style encourage the good teamwork as well as collaboration by fostering the good communication and the relationship which is positive.
So, in this scenario, the team leader following the relationship oriented style of leadership as she believes in Gavin that he will be a valuable resource, which in turn means she is supporting the team.
Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.