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3 years ago

Which of the following is NOT a "Rule of Forecasting"?

Business

1 answer:

Montano1993 [528]3 years ago

8 0

A. Forecasting should always include a quantitative analysis

Forecasting makes predictions about the future using knowledge of past and current events, so the analysis is not always about something than can be measured/counted (aka quantified).

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A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on

Romashka [77]

Answer:

ROI = 0.4

Explanation:

To find the answer, we use the following formula:

Return on Investment = Profit / Investment

Now, we simply plug the amounts into the formula:

Return on Investment = $720,000 / $1,800,000

= 0.4

5 0

3 years ago

The factors of production include natural resources, labor, government assistance, and entrepreneurship.

noname [10]

<span>The answer is True. The four factors mainly used for production is, Land(means natural resources and technology), labor(working people for dedication to work), capitol(investment and government assistance totally that represent services) and entrepreneurship(the activity of setting up a business).</span>

4 0

3 years ago

Read 2 more answers

Vineyard Corporation, a manufacturer of fine wines, began the year 2016 with 20,000 bottles in inventory. The company estimated

zimovet [89]

Answer:

Desired Ending Inventory for the second quarter is 25,000 bottles

Explanation:

Vineyard Corporation

1st Quarter

Beginning Inventory 20,000

Budgeted Sales 200,000 bottles,

Ending Inventory 15,000 bottles ( 10% of the 2nd quarter's sales)

As the management has already decided that an ending inventory of 10% of the subsequent quarter's sales is appropriate therefore we get Ending inventory by finding 10% of the subsequent quarter sales.

Vineyard Corporation

2nd Quarter

Beginning Inventory 15,000

Budgeted Sales 150,000 bottles,

Ending Inventory 25,000 bottles ( 10% of the 3rd quarter's sales)

(250,000*10/100= $ 25,000)

Vineyard Corporation

3rd Quarter

Beginning Inventory 25,000

Budgeted Sales 250,000 bottles,

Ending Inventory 40,000 bottles ( 10% of the 4th quarter's sales)

5 0

3 years ago

Jack just learned that several people in Arizona became ill from the peanut butter that was produced and jarred in his plant. As

nikklg [1K]

Answer:

The correct answer is letter "B": False.

Explanation:

In front of the case that people are becoming ill after consuming peanut butter produced and jarred in Jack's plant, he should take steps to reach the affected population to find out what he can do to help them. There must be proof that Jack's peanut butter is affecting them people for him to begin providing <em>restitution</em>. Otherwise, the affected population can gather to jointly sue Jack which is potentially dangerous for his business. Besides, he should make a research to verify if the peanut butter that is still being offered can harm others so he can withdraw them from the market.

Going into an informal organization would only worsen Jack's situation.

4 0

3 years ago

1. Think about all of the many products you can purchase today. Identify one product that currently represents each phase of the

olganol [36]

Answer:

Answered

Explanation:

We can take a Andriod smartphone as one of the product. Definitely, each unique smartphones including both the high and low-end products represent the four distinct stages of product life cycle. The nature of competition, price, distribution and promotion can be differentiated well among different stages of the life cycle.

As far a competition is concerned, at the introduction phase, the competition will be too high. For the high-end phone coming with unique features (i.e. unique value to the customer) will face less severe competition at this time. As the growth phase comes, the uniqueness will disappear as others will also come out with similar features in their features. As a result, the competition will intensify and will reach the maximum at the maturity of the product.

The pricing strategy at different stages will depend upon the generic strategy of the company. At the introduction stage, if the company is having a differentiation strategy, it usually goes for a premium price. Others, having cost leadership strategy will go for low price. Sometimes the low price is kept initially at a very thin or zero margins just to capture the market share. However, for smartphones, this is very difficult. As competition intensifies in growth and maturity, the price falls. This is the fate generally with most of the Andriod smartphones as their features are not inimitable. Huge discounts in price can be observed for smartphones at their decline phase due to obsolescence of technology.

It has become a trend nowadays to initially distribute the smartphones through an online retail partner where the smartphone manufacturer gives an exclusive right to the retail partner to sell the initial lots. The retailer first books the order and then does the transaction. As the product gets publicity and attains its growth, it is sold in other places such as company outlets, bricks-and-mortar retailers, supermarkets, eStores etc. up to the maturity and decline phase.

As in distribution, the promotion becomes huge by the online retail partner at the introduction phase. The smartphone manufacturer also uses direct marketing, imagery, and social media marketing as primary tools at this phase.

5 0

3 years ago