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anastassius [24]
2 years ago
10

Elle Appliances has recently released its "Elite" cooking range. The cooking appliances were advertised extensively with offers

for early-bird buyers and assured refunds if the goods were found defective. This resulted in a lot of hype surrounding the goods and high levels of projected demand in the market. However, after its release in the market, the products failed to substantially add to the company's profits. When the venture failed to recover even the minimum projected returns, the marketing manager blamed the production department for the delays in production, while the production manager claimed that he was doing his best to dispatch stock on the predetermined days. Which of the following best explains the failure of this venture by Elle?A) The company priced the "Elite" cooking range at relatively low rates.B) The company minimized its operating costs by using efficient production techniques.C) The company followed a low inventory system.D) Elle was a reputed company which enjoyed the loyalty of customers.E) Elle had recently acquired one its major rival firms.
Business
1 answer:
Margaret [11]2 years ago
6 0

Answer:

C) The company followed a low inventory system.

Explanation:

As the product was new, the correct estimate of expected sales could not be made, and with high demand and hype in the market the company, there was a high demand of the product.

This certainly led to stock out, and not meeting the customers needs.

Accordingly the reputation in market degraded.

This is because of low performance, because of shortage of inventory.

Therefore, the correct option is:

Poor Inventory system, which led to poor performance.

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If buyers in this market have to wait in line to purchase this good after a $1 price ceiling is imposed, each buyer purchases on
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The waiting time will be 30 minutes because 30 minutes at $8 per hour adds $4 to the price. Therefore, making the full price equal to $5 for each buyer clears the market.

<h3>What is the price ceiling?</h3>

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While price ceilings are imposed to make prices low for consumers, it may cause shortages in the quantities supplied.

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Learn more about price ceilings at brainly.com/question/4120465

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3 0
1 year ago
According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism) m
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According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism<span>) </span>much more realistic than theories supporting command economies<span>? ... Americans prefer to have the </span>market<span>, rather </span>than<span> the government, to manage their </span>economy<span>.</span>
4 0
3 years ago
What are some of the key environmental forces that have changed the way projects are managed? What has been the effect of these
Evgesh-ka [11]

Answer: The answer is given below

Explanation:

• What are some of the key environmental forces that have changed the way projects are managed?

Some environmental forces which have

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• What has been the effect of these forces on the management of projects?

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• What is meant by an integrative approach to project management? Why is this approach important in today?

An integrative approach to project management simply refers to one whereby there are interrelationships between all the parts. It should be noted that the approach is vital as an organization that utilizes it has a competitive edge and also provides an integrated system that is required for project implementation.

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