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VLD [36.1K]
3 years ago
6

Monique is the operations manager of a chain of hair salons in upscale urban neighborhoods. Customers in these neighborhoods exp

ect high quality services and products, and Monique is struggling to use the salon's resources efficiently and effectively to provide the level of quality the areas' customers demand. What will most likely happen if Monique can't find a way to meet customers' demands for quality
Business
1 answer:
Eva8 [605]3 years ago
6 0

Multiple Choice

A. The hair salons will be forced to move to a less demanding neighborhood.

B. The hair salons will be taken over by competitors in the area.

C. The hair salons will stay in business, and customers will adapt to their services and products.

D. The hair salons will be converted into a different type of business that can succeed in this area.

E. The hair salons will go out of business.

Answer:

Option B. The hair salons will be taken over by competitors in area.

Explanation:

The reason is that when the quality of the product that the seller promised is not delivered the customer satisfaction level drops significantly and thus moves towards the other seller which results in the loss of the customer. So this means if the business is not delivering the desired quality then it will keep loosing business customers because the competitor will take over the lost business.

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"a branding strategy in which a firm uses a different brand for each of its products is called ____ branding."
Aleksandr-060686 [28]
<span>A branding strategy in which a firm uses a different brand for each of its products is called individual branding. With the use of this strategy, products from the same company are given a unique identity and name. This is especially useful when companies offer a wide range of products that cater different price markets. </span>
8 0
3 years ago
What do the income effect, the substitution effect, and diminishing marginal utility have in common?
Sveta_85 [38]

Answer:

They all help explain the downsloping demand curve

Explanation:

The options to the question wasn't provided. The complete question can be in the attached image.

The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.

Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.

Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.

I hope my answer helps you

3 0
4 years ago
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

7 0
3 years ago
In a ________ computing model, companies use their own infrastructure for essential computing tasks and adopt public cloud compu
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Explanation:

3 0
3 years ago
Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con
yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

<u>Details                                                                   $                      $             </u>

Net income                                                      69,000  

Adjustment to reconcile net income    

Depreciation expense                                     13,000  

Loss on sale of land                                         12,000  

(Increase) decrease in current assets

Increase in inventory                                     (35,000)

Increase in prepaid rent                                  (7,500)

Increase in accounts receivable                   (47,000)

Increase (decrease) in current liabilities:  

Increase in accounts payable                      <u>    15,000  </u>

Net cash from operating activities                                         19,500

<u>Cash flows from investing activities:  </u>

Cash received from the sale of land                7,500  

Purchase of equipment                              <u> (229,000) </u>

Net cash flows from Investing activities                            (221,500)

<u>Cash flows from financing activities:   </u>

Payment of dividends                                      (31,000)

Repayment of notes payable                         (49,000)

Issuance of common stock                            <u> 241,000  </u>

Net cash from financing activities                                        <u>  161,000  </u>

Increase / (Decrease) in cash                                                   (41,000)

Beginning cash balance                                                         <u>            -    </u>

Ending cash balance                                                              <u>   (41,000) </u>

7 0
3 years ago
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