Answer:
$25,000 increase
Explanation:
Cost of Manufacturing Amount
Direct Materials $150,000.00
Direct Labor $240,000.00
Inspecting products 60,000 x 0.90 $54,000.00
Providing Power 30,000 x 0.90 $27,000.00
Providing Supervision 40000 x 0.60 $24,000.00
Setting up Equipment 60000 x 0.50 $30,000.00
Moving Materials 20,000 x 0.50 $10,000.00
Total $535,000.00
Buying Cost (20000 x 25.50) $510,000.00
Incremental Saving by Purchase ( $535000-$510000) $25,000.00
Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a <u>gainsharing </u>compensation plan.
A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.
It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.
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Answer:
The correct answer to the following question will be Option C.
Explanation:
- The strategy execution method offers a systematic framework to explain, interact, enforce, and conduct policy. The objective of this project would be to ensure that the organization focuses on building value-added technologies and implementing value-optimizing expenditures.
- Bringing together a good leadership people with the highest combination of talents, abilities, as well as the desire to do tasks has become one of the measures to follow to initiate this venture.
Other choices have no relation with the specified scenario. So Option C seems to be the right response.
Answer:
exports as demand in all countries substantially rises.
Considering the situation described above, this effort is an example of using <u>image differentiation</u> to differentiate a product as new.
<u>Image differentiation</u> is a type of differentiation strategy used by business firms to differentiate their products through communications.
By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of <u>image differentiation</u>.
Thus, when Next Up Computers only changes the cover designs alone, that is a form of <u>image differentiation</u>.
This is type of differentiation is often referred to as Reputation Differentiation.
Other types of differentiation methods include the following:
- Product differentiation
- Service differentiation
- Relationship differentiation
- Distribution differentiation.
- Price differentiation.
Hence, in this case, it is concluded that the correct answer is "<u>Image Differentiation."</u>
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