Answer:
IT Department
Explanation:
Most companies have the need for an <em>IT</em> department that can quickly repair and troubleshoot systems, as well as provide technical support to employees.
An T Department takes care of all the technical streams running throughout the office. f any error or shortcoming occurs, the IT department makes sure they get rid of the bug that is causing the glitch.
They help the employees and provide them with technical support, since now a days, companies are 50% based on technology and any trouble can cause harm to the organization.
Answer:
$12.45
Explanation:
Calculation to determine what the contribution margin per unit sold is closest to:
First step is to calculate the Variable cost per unit using this formula
Variable cost per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit + Sales commissions per unit + Variable administrative expense per unit
Let plug in the formula
Variable cost per unit = $5.15 + $5.30 + $1.95 + $0.60 + $0.55
Variable cost per unit = $13.55
Now let determine the Contribution margin per unit using this formula
Contribution margin per unit = Selling price per unit - Variable cost per unit
Let plug in the formula
Contribution margin per unit = $26.00 - $13.55
Contribution margin per unit = $12.45
Therefore the contribution margin per unit sold is closest to:$12.45
Answer:
Customer Lifetime Value
Explanation:
Customer Lifetime Value is a measure of how much amount of money a customer spends on your business/products/services over the course of his whole lifetime.
It is a predictor of how well you are doing to retain your existing customers.
Why is it important?
suppose you spend $10 to advertise your product (belt) and a customer buys 5 belts on average every year for 15 years. You get $12 profit for each belt sold.
$
Subtract the advertising cost
$ This is your customer lifetime value
Now imagine what would have happen if we had to sell these belts to 75 different customers?
The advertising cost to attract 75 customers would have been too much and hence net profit and customer lifetime value would be very less.
$
$
This is why customer lifetime value is important and businesses focus on retaining their customers for longer periods.
Answer:
<u>Focused-differentiation.</u>
Explanation:
A focused differentiation strategy is a strategy used by organizations to reach a group of customers through the marketing of differentiated products and services that provide added benefits to the consumer.
This strategy is characterized by the combination of the business strategies developed by <em>Porter</em>, which are:
- Cost leadership
- Differentiation and
- Focus.
The greatest benefits added to this strategy are the increase in consumer loyalty, since offering targeted and differentiated services guarantees the improvement of service, quality and increase of the company's reputation.
There is also the possibility of increasing profits, due to the sale of differentiated and exclusive products, which may have a higher purchase and sale value.
Answer: Logistics
Explanation: Logistics refers to the group of complex operation that are to be performed within an organisation by different individuals under the guidance of various different experts of such tasks. These operations are dependent on each other for their effective performance.
Thus, we can conclude that the combination of Rinker's manufacturing, distribution and purchasing activities will collectively be called as logistics.
