Answer:
A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
Hope this helps!
Answer:
C) Cooperative structure; a bonus for increasing organizational performance
Explanation:
Since apparently Ortiz's bad performance actually helped Ramirez and the whole organizational to exceed expected profits, then he should also receive a bonus for his participation in increasing the company's profits.
I'm not sure how this can happen, maybe the company operates two supermarkets and since Ortiz's supermarket operated really badly, then Ramirez's supermarket exceeded expected sales.
Answer:
False
Explanation:
' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.
Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.
There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.
After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.
Answer: The correct answer is "a. have components arrive at a manufacturing plant just in time to enter the production process.".
Explanation: Just-in-time inventory systems <u>have components arrive at a manufacturing plant just in time to enter the production process.</u>
The just-in-time method is a production organization system for factories, of Japanese origin, which allows to reduce inventory costs of raw materials and products already made. JIT is about getting supplies to the factory, or products to the customer, "just in time," that is, just before they are used and only in the quantities needed. This is done to eliminate the need for store and transfer raw materials from the warehouse to the production line.
Answer:
Company logo cost and the two year service contract
Explanation:
The capitalized cost of the asset includes those costs that is shown on the asset side of the balance sheet.
In the given scenario, the capitalized cost includes acquisition cost, sales cost, and the title transfer fee
But the cost that is not capitalized and is not reflected on the balance sheet is a company logo on the van and the two-year service contract
