1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
6

The approaches and activities of managers in short-run and long-run planning and control decisions that increase value for custo

mers and lower costs of products and services are known as: a. value chain management b. enterprise resource planning c. cost management d. customer value management
Business
1 answer:
Amiraneli [1.4K]3 years ago
5 0

Answer:

C. Cost management

Explanation:

Cost management is a process or method  of reducing cost of operation or production expenses of the business  so as to provide cheaper  goods and/or services  to consumers.  

It helps a firm forecast future expenditures in other to achieve  their budgeting goals.

You might be interested in
The discounts lost account is used under the ___ method for inventory. multiple choice question. periodic gross perpetual net
maxonik [38]

The discount lost account is used under the net method for inventory.

<h3><u>What is discount?</u></h3>
  • When a security is trading for less than its intrinsic or basic value, it is said to be trading at a discount in the world of finance and investment.
  • When a bond's price is trading below its par value, or face value, in the fixed-income market, a discount is present.
  • The extent of the discount is equal to the difference between the price paid for a security and its par value.
  • Bonds may trade at a discount for a variety of reasons, such as rising interest rates, problems with the underlying company's credit, or riskiness when compared to comparable bonds.

The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.

Know more about discount with the help of the given link:

brainly.com/question/3541148

#SPJ4

7 0
2 years ago
What global market-entry strategy did mary kay use when it entered india?
sdas [7]

The global market entry strategy that Mary Kay used when it entered India was the exporting market entry strategy. The priorities of Mary Kay when doing business was God first, family second and career third. In India however it was adapted that faith first, family second and career third.  Mary Kay does this for the purpose of the religion and for the sake of respecting those who practice their religions.


8 0
3 years ago
Read 2 more answers
"Jordan's Ice Creams is strategically located near a university. After realizing that most of its customers, who are mostly stud
iragen [17]

Answer:

B. Broad differentiation strategy

Explanation:

Broad differentiation strategy -

It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .

The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .

The method is very helpful for a larger company than for smaller one .

The method is helpful to increase the production of the company , and thereby the profit of the company increases .

Hence , from the given scenario of the question ,

The correct answer is B. Broad differentiation strategy .

6 0
3 years ago
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw ma
ivanzaharov [21]

Answer:

TRUE

Explanation:

Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.

If the customers does not wish to pay the price, then there is no value.

So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.

Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.

4 0
3 years ago
A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. if the variable co
aksik [14]

A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. If variable costs are $8 per unit, total fixed costs must be $143,500.

Fixed costs are costs that stay constant no matter changes in production volume, implying that irrespective of whether output rises or decreases, total fixed costs remain constant within the relevant range.

Rent, labor, depreciation, insurance, and other fixed costs per unit fluctuate over the relevant range, on the contrary.

Given,

Selling price = $16

Variable cost per unit = $8

Units sold = 25,500

Pretax income = $60,500

Contribution Margin = (Selling Price Per Unit - Variable Cost Per Unit) * Units Sold

Substituting the provided information into the above calculation yields,

Contribution margin = ($16 - $8) * 25,500 units                                

= $204,000

Formula:

Pretax Income = Contribution Margin - Fixed Costs

This symbolizes,

Fixed Costs = Contribution Margin - Pretax Income

Substituting the provided information into the above calculation yields,

Fixed Costs = $204,000 - $60,500                

= $143,500

Hence, the answer is $143,500.

Learn more about fixed cost:

brainly.com/question/14366141

#SPJ4

6 0
2 years ago
Other questions:
  • A computer maintenance company wants to 'capture' the knowledge that employees carry around in their heads by creating a databas
    14·1 answer
  • What is a series of future receipts or payments discounted to their value now assuming compound interest called?
    13·1 answer
  • Part of the decision to accept additional business should be based on a comparison of the incremental (differential) costs of th
    10·1 answer
  • Exercise 189 Hu, Marcos, and Letterman share income on a 6:3:1 basis. They have capital balances of $80,000, $60,000, and $45,00
    15·1 answer
  • You know the _____ method of budgeting is being employed after hearing an experienced marketing department manager respond to a
    7·2 answers
  • Carlson Company uses a predetermined rate to apply overhead. At the beginning of the year, Carlson estimated its overhead costs
    13·1 answer
  • Wisconsin Bank lends Local Furniture Company $110,000 on November 1. Local Furniture Company signs a $110,000, 6%, 4-month note.
    8·1 answer
  • A firm in a perfectly competitive market has a fixed cost of $1,000 and a variable cost of $500 while it is earning the revenue
    12·1 answer
  • Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days o
    15·1 answer
  • Which group is a list of fixed expenses?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!