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3 years ago

Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.

Business

1 answer:

umka2103 [35]3 years ago

4 0

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

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If a speech consists of a story or series of short stories, which pattern of organization is the speaker using

Liono4ka [1.6K]

The pattern that is being referred to above is called the NARRATIVE PATTERN. If a speech contains a story or a series of short stories in it, and only includes a vivid imagery, the setting, plot and characters, then this would fall in the narrative pattern. Narrative means to narrate or to tell something according to the other of when it happened.

6 0

3 years ago

You're trying to save to buy a new $230,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.5

s344n2d4d5 [400]

Answer:

37 years

Explanation:

We know,

Future value = Present value (1 + r)^n

Given,

Future value, FV = $230,000;

Present value, PV = $32,000;

Interest rate, r = 5.5% = 0.055;

We have to determine how many years later I can purchase the Ferrari.

Now, putting the values into the formula, we get,

FV = PV × (1 + r)^n

or, $230,000 = $32,000 × (1 + 0.055)^n

or, $230,000 ÷ $32,000 = (1 + 0.055)^n

or, 7.1875 = (1 + 0.055)^n

or, log 7.1875 = n × log 1.055

or, n × log 1.055 = log 7.1875 [Changing the side]

or, n = log 7.1875 ÷ log 1.055

Using financial calculator/Scientific Calculator,

or, n = 0.8566 ÷ 0.0233

Therefore, n = 36.76 or almost 37 years.

4 0

2 years ago

Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each

Troyanec [42]

Answer:

a. A (one-time) wave of immigration increases the labor force.

According to neoclassical economists, real wage = marginal product of labor. As more labor is available, the marginal product of labor will decrease (law of diminishing marginal returns). Therefore, since the marginal product of labor decreases, the real wages will also decrease.

Since there is more labor available, even though the capital stock remains the same, total output should increase. As total output increases, the real rental price of capital (interest) will increase.

b. An earthquake destroys part of the capital stock.

According to neoclassical economists, real rental price of capital = marginal product of capital. A decrease in the capital stock will result in an increase in the marginal product of capital. This will increase the real rental price of capital.

Since the capital stock decreases, additional labor will produce less additional output, reducing the marginal product of labor. Since the marginal product of labor decreases, the real wage will decrease also.

c. A technological advance improves the production.

Technological improvements generally increase both marginal product of labor and marginal product of capital, therefore, real wages will increase and real rental price of capital will also increase.

d. High inflation doubles the price of all factors of production and output.

Inflation rate has no effect on real wages and real rental price of capital. The effects are only on nominal wages and nominal rental price of capital.

4 0

2 years ago

A competitive firm sells its output for $50 per unit. Assume that labor is the only input that varies for the firm. The marginal

noname [10]

Answer:

the value of the marginal product of labor is $500

Explanation:

The computation of the value of the marginal product of labor is shown below:

= MRP × price per unit

= 10 units × $50 per unit

= $500

hence, the value of the marginal product of labor is $500

We simply applied the above formula

5 0

3 years ago

EA7.

Eddi Din [679]

Answer:

33,000

Explanation:

The number of units included in the production budget is given by dividing the budgeted value by the cost per unit.

The cost per unit is:

$C = 2.2*\$11.50\\C = \$25.30$

The number of budgeted units is:

$n=\frac{\$834,900}{\$25,30}\\n=33,000$

33,000 units are included in the production budget for next year

7 0

2 years ago