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jolli1 [7]
3 years ago
15

The objective of a best-cost provider strategy is to:

Business
1 answer:
Ann [662]3 years ago
3 0

Answer:

e. offer buyers the industry's best-performing product at the best cost and best (lowest) price in the industry.

Explanation:

Best cost provider strategy aims to provide the best goods as there is no compromise in quality and then the cost for customers is also comparatively low, as that provided by competitors.

This is clearly demonstrated by statement e, all other statements are not describing the basic characteristics of best cost providing strategy.

This is basically by attracting more and more customers with the low price and with no degradation in the quality, as this is least cost to customers, the customers prefer this a lot.

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Which of the following is not a relatively recent change in policy concerning welfare
Airida [17]

This welfare-reform plan responded to criticisms that welfare encouraged poor people to remain unemployed in order to keep receiving aid. It replaced the traditional antipoverty program for poor families (Aid to Families with Dependent Children, or AFDC) with a new program called Temporary Assistance for Needy Families (TANF).

3 0
3 years ago
Read 2 more answers
When a perfectly competitive firm (that sells its good for $20 per unit) hires 1 unit of factor X it produces 70 units of output
Gelneren [198K]

Answer:

d)  $300

Explanation:

<em>Marginal revenue is the extra revenue from a resource the extra revenue earned from the use of additional  unit of a given resource for production purpose. It is calculated as the increase in total revenue as a result of utilizing one additional unit of a factor of production.</em>

Marginal revenue = total revenue from 85 units - total revenue from 70 units

Marginal revenue = ($20 × 85) - ($20× 70)

                           = $300

5 0
3 years ago
Read 2 more answers
A company with more production power than is generally utilized for its current production activity can benefit from entering th
Liula [17]

Answer:

a. The company can utilize production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, lower cost and greater profitability.

Explanation:

Options are <em>"a. the company can utilize its production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, tower cost and greater profitability. b. it will lead to a lower sales volume, which enables the company to free up more production power and require fewer employees. c. it will lead to a lower sales volume, which will reduce production costs and lead to greater production power. d. It will lead to a lower sales volume which means using less production power, enabling employees to have more time to participate in a learning environment."</em>

<em />

The question here is how the company will benefit by entering global market. And to enter global market, the company must produce larger volumes. So, the options B, C,& D are not correct. Because the company is looking to produce more and utilize its production capacity to the full to increase the profits by decreasing the costs (economies of scale). Thus, option A is correct.

6 0
3 years ago
The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common
BlackZzzverrR [31]

Answer:

Total stockholders' equity $ 594,435

Explanation:

Goodale Properties Inc.

Stockholders' Equity

June 30

Common stock at $15 par $219,000

Paid in capital in excess of par-Common stock $17,520

Paid in capital from sale of treasury stock$9,500

Total paid in capital $246,020

Add: Retained earnings $362,000

Total $608,020

Less: Treasury stock $ 13,585

Total stockholders' equity $ 594,435

8 0
3 years ago
Carter Containers sold marketable securities, land, and common stock for $37.0 million, $13.0 million, and $35.0 million, respec
myrzilka [38]

Answer:

$16.8 million

Explanation:

Calculation to determine What amount should Carter report as net cash from investing activities

($ in millions)

Cash Flows from Investing Activities:

Proceeds from sale of marketable securities $37

Proceeds from sale of land $13

Less Purchase of equipment for cash ($23)

Less Purchase of patent for cash($10.2)

Net cash inflows (outflows) from investing activities $16.8

Therefore the amount that Carter should report as net cash from investing activities is $16.8 million

7 0
3 years ago
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