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Leno4ka [110]
3 years ago
8

Working for a very large organization in the tractor manufacturing industry, John always heard complaints from customers about t

he parts and services aspects of the business. Taking an early retirement, John started his own business to specifically address the many customer complaints he had been hearing. Which of the following is most likely to be the factor that led John to the business idea?A. A similar business
B. Chance
C. Work experience
D. Family and friends
Business
1 answer:
Ksju [112]3 years ago
3 0

Answer:

The correct answer is letter "C": Work experience.

Explanation:

People's work experience allows them to obtain knowledge in the fields they developed their careers in. There are many cases in which individuals start working n large entities to have an idea of how certain business is handled to then start their own companies confident that the knowledge acquired will be enough to run the organization.

In John's case, <em>thanks to the complaints he heard while he was acquiring work experience in a tractor manufacturing company, he was able to open his own business to resolve the common issues he was already aware of.</em>

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A company has the following expenditures during the year. Advertising $ 100,000 Employee training 80,000 Customer outreach and c
alukav5142 [94]

Answer:

$0

Explanation:

Given that

Advertising expenses = $100,000

Employee training  = $80,000

Customer outreach and consultation = $50,000  

Since it is mentioned that this cost would be increased the fair value of the entire company by  $325,000  

So there is no information related to the takeover of the business so in this case, the goodwill recognized by the company is zero

7 0
3 years ago
What type of leader was Will Keith Kellogg? <br><br> Autocratic, Democratic, or Free Rein.
natali 33 [55]

Answer:

He was a Democrat and he was also a major leader in the progressive health reform

6 0
4 years ago
Duve Corporation has provided the following contribution format income statement. Assume that the following information is withi
Brrunno [24]

Answer:

$10,400

Explanation:

Given that,

Sales (2,000 units) = $ 40,000

Variable expenses = $24,000

Contribution margin = 16,000

Fixed expenses = 11,200

Net operating income = $ 4,800

If the selling price increases by $4 per unit and the sales volume decreases by 200 units.

Sales:

= Number of units sold × Selling price per unit

= (2,000 - 200) × ($20 + $4)

= 1,800 × $24

= $43,200

Variable expenses:

=\frac{24,000}{2,000}\times 1,800

= $21,600

Contribution margin:

= Sales - Variable cost

= $43,200 - $21,600

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Net operating income:

= Contribution margin - Fixed expenses

= $21,600 - $11,200

= $10,400

6 0
3 years ago
What is China biggest source of income
Yuri [45]

When the United States of America purchases items, China makes a lot of money on this. Some examples are buying weapons, and rice.

8 0
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The Lincoln Company produces a wide range of furniture, such as cabinets, bookcases, and bureaus. It divides its consumer market
SashulF [63]

Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.

<h3>What is the strategy used by Lincoln company?</h3>

In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.

Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.

Therefore, the Option B is correct.

Read more about segmentation

<em>brainly.com/question/7181203</em>

#SPJ1

4 0
2 years ago
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