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KonstantinChe [14]
3 years ago
11

Suppose that you found out that many of the sales people in your stores around the country are offering poor customer service. H

ow might this eventually affect your market share? What action might you consider to prevent losing further business to your competitors?
Business
1 answer:
butalik [34]3 years ago
7 0
If you found out that your workers in your stores have been offering poor customer service then that could be extremely bad for your buisness/ company. If your workers are showing lack of respect towards customers or even talking down, or disrespectful to them then the chances are they will not return to your store. In fact they may even leave you a bad review and that decreases the quality of your company. Customers own the buisness industry.; That means if customers don't go to your store, much less buy your product.... then you are going to be put out of buisness. An example you coulc think of is Toys R Us, they were a company that had overpriced toys, and ecaue people were not willing to pay the price despite how well known Toys R Us was, that caused them to go out of buisness. Now to solve this problem you might want to promote customer satisfaction. You can do this in many ways, some being you can have mandatory videos that your workers have to watch; this is done a lot in resturants so that the customer are more than likely to be satisfied and visit their establishment again. Another way you can do it is by having your Managers be more strict with workers when it comes to being polite with customers, as even take it as far to write them up if they refuse, or continue to be disrespecting towards customers. This may lead to some of your workers being fired which coulc be sad for them, but no doubt are a lot of other people willing to be nice and take their position. Overtime you will notice that your buisness may have more transactions, and visits from old and new customers. Making and having loyal customers is a key part to being sucessful with your company, and can even lead towards expansion if your comapny begins to peak and is doing better because of these new enforced rules.

I hope this helps sorry if it's too long and please give me brainliest thank you :)
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Intangible assets are classified as  noncurrent (long-term) assets

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from Intelligent’s point of view, this bond would be considered a current asset, because it represents a resource that can easily be converted to cash within one year.

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Current assets are assets that are expected to be sold, used, or exhausted through standard business operations with one year.

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To learn more, please check: brainly.com/question/14287268

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3 years ago
Northwood Company manufactures basketballs. The company has a ball that sells for S25. At present, the ball is manufactured in a
Maksim231197 [3]

Answer:

1A. Compute the CM ratio and the break-even point in balls.

  • CM ratio = 2.5
  • break even point = 21,000 balls

1B. Compute the degree of operating leverage at last year.

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2. Due to an increase in labor rates, the company estimates that variable expenses will increase by $3 per ball next year. If this change takes place and the selling price per ball remains constant at $25, what will be the new CM ratio and break-even point in balls?

  • CM ratio = 3.57
  • break even point = 30,000 balls

3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $90,000, last year?

  • 42,858 balls

4. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year, what selling price per ball must it charge next year to cover the increased labor costs?

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5. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 40%, but it would cause fixed expenses per year to double. If the new plant is built, what would be the company's new CM ratio and new break-even point in balls?

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6.a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $90,000, as last year?

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6.b. Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last year). Prepare a contribution format income statement and compute the degree of operating leverage.

Income Statement

Total revenue $750,000

Variable expenses <u>($270,000) </u>

Contribution margin $480,000

Fixed expenses <u>($420,000 )</u>

Net operating income $60,000

Degree of operating leverage = 60.87%

6.c. If you were a member of top management, would you have been in favor of constructing the new plant?

  • If you cannot avoid paying the salary raise, then the company needs to carry on the new plant project.

Explanation:

sales price per ball = $25

variable expenses: $15 per unit

  • direct labor $9
  • other variable costs $6

CM ratio = net sales / CM = $750,000 / $300,000 = 2.5

break even point = total fixed costs / CM per unit = $210,000 / $10 = 21,000 balls

degree of operating leverage = fixed costs / total costs = $210,000 / $660,000 = 31.82%

new CM ratio = net sales / CM = $750,000 / $210,000 = 3.57

break even point = total fixed costs / CM per unit = $210,000 / $7 = 30,000 balls

sales level for $90,000 profit = ($210,000 + $90,000) / $7 = 42,857.14 ≈ 42,858 balls

CM ratio (new plant) = net sales / CM = $750,000 / $570,000 = 1.32

break even point = total fixed costs / CM per unit = $420,000 / $16 = 26,250 balls

sales level for $90,000 profit = ($420,000 + $90,000) / $16 = 31,875 balls

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3 years ago
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astra-53 [7]

HR organizations, mainly.

For more help under this topic, you should visit this link:

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<u>(just copy and paste it into link bar)</u>

hope this helped

7 0
3 years ago
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