All categories

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.

You might be interested in

The demand and marginal revenue for a perfectly competitive firm are______, whereas the demand and marginal revenue for monopoli

exis [7]

The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward

<h3>What is meant by marginal revenue?</h3>

The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.

An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.

Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.

To learn more about marginal revenue refer to:

brainly.com/question/13444663

#SPJ4

8 0

1 year ago

100 POINTS PLZ HELP

Dahasolnce [82]

Answer:

Hydrologist

Architect

Naval architect

Architectural or civil drafter

Materials lab and supply technician

Explanation:

6 0

3 years ago

Suppose consumers spent $42 million on Christmas trees last year, when the average tree cost was $30. This year they spend $42 m

faltersainse [42]

Answer:

The question is incomplete

Choose one correct answer from the following;

a.the demand for trees is inelastic.

b. total revenue to tree producers rose this year.

c. consumers bought the same number of Christmas trees this year as last year.

d.the price of the Christmas trees stayed the same.

e.the demand for trees is unit elastic.

The answer is e.the demand for trees is unit elastic.

Explanation:

Price elasticity of demand =( (25-30)/30 *100)/ 1680-1400/1400 *100)=1.2

4 0

3 years ago

The overminustheminuscounter (OTC) market is a A. centrally located auction market. B. geographically dispersed auction market.

Marizza181 [45]

Answer:

telecommunications network connecting dealers.

Explanation:

Over the counter market or OTC market is referred to that market in which members trade the currencies, stock among the parties without the broker. In this, trade has done electronically without meeting personally i.e. Dealer and broker connect via mobiles phones

This market is held through a network of dealers instead of a central broker. One example of over the counter market is the London stock exchange.

3 0

3 years ago

Read 2 more answers

A firm has 3 customer orders, each for 12,000lbs of coal. It is $15.75 per 100 lbs to ship directly to each customer (including

Ede4ka [16]

Answer:

Yes, firm should consolidate shipment as it give saving of $990.

Explanation:

Given: Three customer order 12000 lbs of coal each.

Cost of individual shipment is $15.75 per 100 lbs

Cost of consolidated shipment is $10.50 per 100 lbs with $300 fees.