All categories

3 years ago

Which of the following is a difference between customized services and standardized services?

Business

1 answer:

Verizon [17]3 years ago

5 0

Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

You might be interested in

A business initially sells their product to customers for $50. They find that many people are buying their product so they rise

pav-90 [236]

Answer: It will reduce in demand

Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price

8 0

3 years ago

Annual maintenance cost for a particular section of highway pavement are $3,000.The placement of a new surface would reduce the

UkoKoshka [18]

Answer:

$17,877

Explanation:

initial outlay = ?

net cash flows years 1 to 5 = $3,000 - $400 = $2,600

net cash flows years 6 to 10 = $3,000 - $800 = $2,200

assuming that the discount rate is 6%, we need to determine the maximum amount of initial investment that would result in the NPV = 0

in order to do this we have to calculate the present value of the future cash flows:

PV = $2,600/1.06 + $2,600/1.06² + $2,600/1.06³ + $2,600/1.06⁴ + $2,600/1.06⁵ + $2,200/1.06⁶ + $2,200/1.06⁷ + $2,200/1.06⁸ + $2,200/1.06⁹ + $2,200/1.06¹⁰ = $17,877

that means that the maximum amount that can be invested = $17,877, and that way the NPV = 0

7 0

3 years ago

1. You will receive a Financial Aid Award Letter... *

Marrrta [24]

After you have completed the FAFSA and applied to colleges

5 0

3 years ago

Money that has been or will be paid regardless of the decision whether to proceed with the project is:

bezimeni [28]

Answer:

Sunk costs.

Explanation:

Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.

Example

ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.

4 0

3 years ago

Name the 6 Holland Codes:

Serggg [28]

Answer:

the original were "motoric, intellectual, esthetic, supportive, persuasive, and conforming" but then later changed to "Realistic (Doers), Investigative (Thinkers), Artistic (Creators), Social (Helpers), Enterprising (Persuaders), and Conventional (Organizers)"

Explanation:

Because I am smart^-^

6 0

3 years ago

Read 2 more answers