The type of store that has high sales volume, shallow product lines, little service, and prices that are lower than supermarkets is known as discount stores.
<h3>What is a Discount Store?</h3>
This refers to the type of store which makes a bulk purchase of items and then sells them off at a lower price than they are worth.
Hence, we can note that a discount store operates in a way that enables them to engage in efficient distribution and bulk purchasing to meet the needs of their customers.
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A sense of urgency - in order for the business to grow, it has to have a sense of urgency and refrain from procrastination. It has to act fast and not be left behind by new business. Plan and act are the keywords.
Building a guiding coalition - a business cannot stand alone. It needs people to help it grow. We have to interact with others who may be able to help us with ideas and purpose.
Form strategic visions and initiatives - we have to know what we want in the future and must act to become that future.
Enlist a volunteer army - get someone knowledgeable and enthusiastic to start going with the future vision of the company.
Enable action by removing barriers - Have a straight vision of what you want for your business, don't look at the different direction that will just hamper your growth. Do strategies, visioning and have focus.
Sustain Acceleration - when you are gaining your goal, don't stop. Just continue to grow and make the most of every opportunity.
Institute Change - Be adaptive to the changing world. Upgrade and go with how things flow without sacrificing your goal.
Answer:
$15.34
Explanation:
The formula and the computation of the predetermined overhead rate is shown be
Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours
where,
Manufacturing overhead is
= $359,860 + $8,300
= $368,160
And, the direct labor hours is 24,000
So, the predetermined overhead rate is
= $368,160 ÷ 24,000
= $15.34
Answer:
C. lower costs to attend
Explanation:
A technical school is a two year college program in fields like business, engineering, community work, among others. One of the benefits of attending a technical school program is the lower costs to attend compared to a four year college as the programs are shorter which means that the tuition fees are lower. Also, in most cases, the tuition in a technical school includes all the things that the student will need in the program, for example, books.
Answer:
Scenario planning approach
Explanation:
Scenario planning is a method used by organizations or businesses to make long term projections. It is also used when making strategic plans for the progress of the organization.
In scenario planning, assumptions about the future of an organization or business are made. These assumptions are aimed at discovering the possibility of that business to thrive under different economic and environmental conditions, and how the business can adapt to cope well with these changes.
For example, farmers use different assumptions or scenarios based on the weather to foretell how the harvest season will be. This guides them on whether to or not to make future investments and helps them to estimate what their sales could be.
