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brilliants [131]
3 years ago
12

Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.

This clearly shows Johann’s lack of business sense, for now he’ll almost certainly sell fewer cups at the new price and therefore make less money than before.The argument above assumes that 1. Johann is looking to double the profits of his lemonade stand2. the price increase will likely put Johann out of business3. profits from the price increase will not offset the money lost when fewer cups are sold4. even if Johann sells more cups at the new price than he did at the old price, he’ll still lose money on the lemonade stand
Business
1 answer:
hjlf3 years ago
7 0

Answer:

<u>1. Johann is looking to double the profits of his lemonade stand</u>

Explanation:

Note that Johann was<em> still making m</em>oney from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.

<em>Without having forsight</em> Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.

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For Polaroid, the addition of the 3D pen to the U.S. market would be viewed as a <u>market development</u> strategy on product-market matrix.

<h3>What is a product-market matrix?</h3>

This refers to a business map that helps the Product Managers to map the strategic market growth of their products. This Matrix was named after Igor Ansoff, who was a a mathematician and business manager who published an essay outlining the matrix in the Harvard Business Review in 1957.

The 4 strategies of Ansoff Matrix (product-market matrix) includes:

  • market penetration
  • market development
  • product development
  • diversification.

In conclusion, the addition of the 3D pen to the U.S. market would be viewed as a market development strategy on product-market matrix.

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7 0
2 years ago
During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.
vova2212 [387]
29.4 percent of workers
7 0
2 years ago
According to the scor model, supply chain management covers five broad areas including planning activities, which __________.
topjm [15]

The correct answer is cover the actual production of a good or service.

Supply chain management choices are addressed, improved, and communicated with suppliers and consumers of a firm using the supply chain operations reference model (SCOR), a management tool. The operational methods required to satisfy client requests are described in the model.

<h3 /><h3>What does SCOR entail?</h3>

A supply chain must carry out the SCOR operations in order to achieve its main goal of completing client orders. There is only one representation for each distinct process in SCOR. The six main processes that SCOR identifies as level-1 processes are Plan, Source, Make, Deliver, Return, and Enable.

<h3>Why does business employ the SCOR model?</h3>

The SCOR method may assess the supply chain of a corporation at various degrees of process detail. It offers businesses a sense of how sophisticated their supply chain is. The procedure aids businesses in comprehending how the five procedures constantly recur between clients, suppliers, and the business itself.

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8 0
1 year ago
Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $
Elden [556K]

Answer:

The cash-basis net income and accrual-basis net income for the year is $19,500 and $22,800 respectively.

Explanation:

The computation is shown below:

1. Net income under cash basis:

= Received cash from customers - paid cash for salaries

= $43,000 - $23,500

= $19,500

2. Net income under accrual basis:

= Cash received - salary paid

where,

Cash received = Cash owed at the end of the year + cash received - cash owed at the beginning of the year

= $6,600 + $43,000 - $1,000

= $48,600

And, the salary paid = salary owed at the end of the year + salary paid - salary owed at the beginning of the year

= $5,600 + $23,500 - $3,300

= $25,800

Now put these values to the above formula  

So, the value would equal to

= $48,600 - $25,800

= $22,800

3 0
3 years ago
tomsm's Investment account at his bank has compounding Interest. He Isn't sure if this is a positive thing for his investment. W
Margarita [4]

Answer: Keep your account open and you will earn more on Interest you've already earned

Explanation:

Since Tom's investment account at his bank has a compounding interest, the best advice that'll be offered to Tom is to keep the account open and he will earn more on Interest than what he has already earned.

It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.

Therefore, it isn't advisable for Tom to withdraw his money or ask the bank to compound the interest less frequently but rather, he should keep the account open as he'll earn more interest.

5 0
3 years ago
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