Porter's model of business activities includes <u>linkage</u>, which are interactions across value activities.
<h3>What is a Business Plan? </h3>
This refers to the document that contains the operating steps that a company wants to take to achieve a set target.
Hence, we can see that Porter's model of business activities includes <u>linkage</u>, which are interactions across value activities.
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A potential risk is confusing the customers - customers have brand loyalty and recognition based off of the look and familiarity of packaging. They might always reach for the "green tic tacs" without even knowing the official flavor because they are familiar with the color, and changing the packaging could affect that.
However, a potential benefit of changing the packaging is attracting new customers who would have otherwise overlooked the product. Making the packaging new and exciting might entice new people to become buyers.
A good way to test this would be with focus groups, which are groups of people who you ask to pretend to be the customer and give you feedback on the idea. Focus groups are a good way to learn the good and bad perceptions about a change before it is put into effect.
Answer: 14.5%
Explanation:
The after tax return is calculated by the formula:
= Before tax return * (1 - federal tax) * (1 - State tax)
As we have the after tax return, we should work on the before tax:
9% = Before tax return * (1 - 34%) * (1 - 6%)
9% = Before tax return * 0.6204
Before tax return = 9% / 0.6204
= 14.5%
Answer:
monopoly, but self-interest often drives them closer to the competitive outcome.
Explanation:
An oligopoly exists when a small number of firms control the resources and price in a market.
They tend to stop each other from having significant influence in the market.
Because of this self interest their monopolistic attribute tends to become more towatds a competitive outcome.
So no one firm has the monopoly of the market rather influence is shared
Answer:
In forecasting accounts payable, one of the relevant questions is:
What is the cash conversion cycle?
Explanation:
The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days. Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash. To gain a good understanding of accounts payable, one should always consider the major inclusive metric.
