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Stolb23 [73]
2 years ago
7

Describe the reasons Lyft entered strategic alliances with GM and Waymo? Are some reasons more important than others? Why or why

not? Explain.
Business
1 answer:
SashulF [63]2 years ago
8 0

Answer:

PART A

(1) In order to meet its demand for cars

(2) in order to use Waymo's Technological advancement in development self driving cars with GM.

(3) In order to strategically position the company to compete favourably in the car lift market and car sharing.

PART B

NO,all the reasons are equally important.

PART C

They are all needed in order to strategically position the company in terms of availability of cars with the required modern technological trends needed to compete favourably in the market for lift cars and car sharing.

Explanation:GM(General Motors) is an American car manufacturer with a long time experience in auto Manufacturing.

Lyft is a car lift and car sharing service provider, it is an American brand with its head quarters in California,United States of America.

Waymo(way forward in mobile)is an American self driven vehicles Manufacturing Company, it is a member of the Alphabet Inc, who also own Google.

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Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile inst
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Answer:

Alameda Tile

a. The enrollment to enable Alameda Tile to break even = 500 students.

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= 750 students

c. With projected enrollment for the year of 800 students:

1. Operating profit = Total Contribution - Fixed Costs

= ($320 * 800) - $160,000

= $96,000

2. a) Operating Profit, if the tuition per student decreased by 10%.

New selling price = $720  which is $800 * (1 - 10%)

Variable cost             480

Contribution           $240

Operating profit = Total Contribution - Fixed Costs

= ($240 * 800) - $160,000

= $32,000

2. b) Operating Profit, if the tuition per student increased by 20%.

New selling price = $960  which is $800 * (1 + 20%)

Variable cost             480

Contribution           $480

Operating profit = Total Contribution - Fixed Costs

= ($480 * 800) - $160,000

= $224,000

3. a) Operating Profit, if variable costs per student decreased by 10%.

Selling price =         $800

Variable cost             432     $480 * (1 - 10%)

Contribution           $368

Operating profit = Total Contribution - Fixed Costs

= ($368 * 800) - $160,000

= $134,400

3. b) Operating Profit, if variable costs per student increased by 20%.

Selling price =         $800

Variable cost             576     $480 * (1 + 20%)

Contribution           $224

Operating profit = Total Contribution - Fixed Costs

= ($224 * 800) - $160,000

= $19,200

4. Operating profit, if fixed costs reduced by 10% and variable cost increased by 10%:

Selling price =         $800

Variable cost             528     $480 * (1 + 10%)

Contribution           $272

Operating profit = Total Contribution - Fixed Costs

= ($272 * 800) - $144,000 ($160,000 * (1 - 10%)

= $73,600

Explanation:

a) Data and Calculations:

Tentative Price and Cost Characteristics:

Tuition $ 800 per student

Variable costs (tiles, supplies, and so on) 480 per student

Fixed costs (advertising, salaries, and so on) 160,000 per year

Per unit       Tentative

Selling price = $800

Variable cost    480

Contribution  $320

b) Computation of break-even point:

To break-even with fixed cost of $160,000, sales unit will be equal to:

Fixed cost/Contribution per unit = $160,000/$320 = 500 students

c) Fixed cost + Target Profit /Contribution per unit:

= ($160,000 + $80,000)/$320

= $240,000/320

= 750 students

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In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.

The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.

The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.

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