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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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You are the boat operator. when are you required to assist anyone injured in an accident?
trapecia [35]
As a boat operator, the law make it mandatory that you should stop and assist other boaters who are involves in accidents if there is no danger to you, your passengers or your boat. People who render assistance at boat accident scenes are not hold liable for any civil damage because of the assistance they render.
6 0
3 years ago
Laura smiles as her employees file into the meeting room of the small vet clinic for their weekly staff meeting. Laura has owned
zaharov [31]

Answer:

Adjourning

Explanation:

The adjourning is the stage where the team would be disperse when the project is finished

As in the given situation, since Laura's team has completed the project and they are moved to the other responsibilities

So as per the given situation, the team development represent the adjourning stage

hence, the same is relevant and considered too.

5 0
3 years ago
Midwest Water Works estimates that its WACC is 10.5%. The company is considering the following capital budgeting projects:
krok68 [10]

Answer:

Projects A,B,C,D and E should be accepted

Explanation:

Based on the fact that each of the itemized projects has the same of level of risk as the company's existing assets, we suggest that the firm undertake those projects that gives a return rate which is above the current weighted average cost of capital of 10.5%

In essence,projects A,B,C,D and E should be accepted as they 12%,11.5%,11.2%,11% and 10.7% returns on investment respectively.

Projects F& G would be rejected on the premise that their rates of return are lower than what is currently obtainable in Midwest Water Works.

7 0
2 years ago
Marin Corporation had net sales of $2,427,500 and interest revenue of $40,000 during 2017. Expenses for 2017 were cost of goods
katovenus [111]

Answer:

The answer follows below;

Explanation:

Marin Corporation

Income Statement

For the year 31, xxxx 2017

Sales                              $2,427,500

Cost of Goods Sold     ($1,465,500)

Gross Profit                                                $962,000

Operating Expenses

Admin. Expenses          ($220,600)

Selling Expenses          ($289,300)

Interest Expense            ($47,900)

Total Operating Expenses                        ($557,800)

Operating Income                                        $404,200              

Non Operating Income

Interest Income                                             $40,000          

Total Income before Taxation                    $444,200

Taxes (444,200*30%)                                   ($133,260)      

Net Income after Taxation                            $310,940          

6 0
3 years ago
Read 2 more answers
Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small
lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

  • A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.
6 0
3 years ago
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