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stellarik [79]
3 years ago
6

When gregg steiner became the vice president for cleveland-based pinxav, he knew the diaper-rash product manufacturer's sales we

re declining. at a trade show steiner was pitching the product to some new mothers who had never heard of it. the mothers weren't convinced that they should part with their money for a new-to-them product. the inspired steiner said, "if you're not happy with the product, i will not only give you your money back, i'll buy you our competitors' product. i'll buy you whatever other brand you want." suddenly the women were interested, and they all plunked down their money. none of the women ever took steiner up on his offer. so steiner decided to make it part of his business practice. this new guarantee was an example of?
Business
1 answer:
PolarNik [594]3 years ago
3 0

This new guarantee was an example of "organizational innovation ".



Organisational innovation implies the execution of another hierarchical technique in the endeavor's business hones, work environment association or outside relations. Changes in business hones, working environment association or outside relations that depend on authoritative strategies as of now being used in the endeavor, changes in administration procedure, mergers and acquisitions, stopping to utilize a procedure, basic capital substitution or augmentation, changes coming about simply from changes in factor costs, customization, customary occasional and other repetitive changes, exchanging of new or altogether enhanced items are not thought about innovations.

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The correct answer is letter C
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2 years ago
A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an esti
BARSIC [14]

Answer:

a. 0.05

b. $68,750

a. $1,150,000

b. 0.1

c. $115,000

Explanation:

Depreciation expense using the double declining method = Depreciation rate x cost of the asset

Depreciation rate = 2 x (1/useful life)  = 2 / 40 = 0.05

The double-declining-balance depreciation for the first year = 0.05 x $1,375,000  = $68,750

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

The depreciable cost = Cost of asset - Salvage value = $1,450,000 - $300,000 = $1,150,000

The straight line rate = 1 / useful life = 1 / 10 = 0.1

The annual straight-line depreciation = $1,150,000 x 0.1 = $115,000

5 0
3 years ago
Producers often work to maximize their and make them as large as possible. True or False
dsp73

The correct question should be:

Producers often work to maximize their profit and make them as large as possible. True or False

Answer: True

Explanation:

The aim of every business is to make profit. A producer is into the business of taking raw materials and processing them into finished or semi-finished goods and selling them to make profit.

5 0
3 years ago
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Winkle Corporation uses the FIFO method in its process costing system. Beginning inventory in the mixing processing center consi
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Answer:

d. 6,700 units

Explanation:

The computation of the equivalent units for conversion cost by using the FIFO method is shown below:

= Beginning inventory units × remaining percentage + units started and completed + ending inventory units × completion percentage

= 5,000 × 10% + (10,000 - 5,000) + 2,000 × 60%

= 500 + 5,000 + 1,200

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We simply applied the above formula

6 0
3 years ago
Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio
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Answer:

a) Manufacturing overhead applied to Work in Process for the month was $70,000

Explanation:

Data provided in the question

The total of the Manufacturing Overhead account = $58,000 i.e incurred

And, the total of credit to the account = $70,000 i.e applied amount

So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000

Hence, the first option is correct

4 0
3 years ago
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