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kipiarov [429]
3 years ago
14

Custom Foot operates six retail locations. At first glance, none looks any different from your basic old-fashioned shoe store, b

ut the only boots on hand are display models. There's no inventory for sale and customers go home empty-handed-at least initially. Customers browse the store, mixing and matching design components such as style, color, and leather type. About 100 display boots provide style guidelines. Once you choose a boot style, you select materials, colors, and textures. Custom Foot guarantees your boots will be ready within three weeks. This is an example of________
Business
1 answer:
sergeinik [125]3 years ago
8 0

Answer:

This is an example of mass customization

Explanation:

Mass customization is a business concept that involves mass manufacturing products that meet individual consumer wants and needs. It combines flexibility and personalization of unique made products with the low unit costs associated with mass production. It is sensitive to customer preferences with standardisation of processes, and the customer satisfaction that comes with owning a custom product.  

Custom Foot offers a basic package for their boots and shoes, and then offer customers a variety of features they can add or subtract. With this, they can provide alternatives for modifying a product without the costs associated with making a 100 percent unique product.

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If a contract involves a significant financing component:____________.
Pavel [41]

Answer:

The time value of money is used to determine the fair value of the transaction ( B )

Explanation:

If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.

therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

7 0
3 years ago
Read 2 more answers
when conducting a multi-criteria analysis, how would you determine the best option upon concluding the analysis?
navik [9.2K]

The highest score is the best option upon concluding the multi-criteria analysis .

<h3>What is a multi-criteria analysis' benefit?</h3>

By evaluating the results, performance, implications, and trade-offs of various policy alternatives, a Multi-Criteria Analysis (MCA) can be used to discover and contrast them. MCA offers a methodical method for supporting complicated decisions in accordance with predetermined standards and goals.

<h3>What is a multi-criteria analysis' benefit?</h3>

Managers can make environmental management decisions that involve trade-offs between a variety of intended management action outcomes with the aid of multi-criteria analysis. Transparent decision modeling begins with clearly specified criteria and hierarchically arranged objectives (particularly when employing qualitative measures).

To know more about multi-criteria analysis visit:

brainly.com/question/14863437

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3 0
1 year ago
The city council wants suggestions for crime prevention techniques such as installing unbreakable glass on storefronts to presen
umka2103 [35]

Options: A. Community policing. B. Situation prevention C. Target hardening D. Benefits diffu

Answer: C. Target hardening technique

Explanation: Target hardening technique is a technique adopted in crime prevention to make it very difficult for the targets of criminal activities to be reached or affected. The process of installing an unbreakable glass in the store of Businesses is one of the target hardening technique of crime Control.

Target hardening is of great importance for crime fighters like the police officers and the owners of Businesses as it makes the target less attractive to the criminals.

7 0
2 years ago
Aaron and Donald sign a written contract in which Aaron agrees to supply raw materials to Donald’s company in return for set fee
juin [17]
Unilateral contract is the correct answer
5 0
3 years ago
Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occur
o-na [289]

Answer:

The future value of a 18-year annuity of $2,000 per period where payments come at the beginning of each period is $59,078.

Explanation:

We apply the formula to calculate future value of annuity to find the future value of 18-year annuity as at the beginning of year 18 ( because payment comes at the beginning of the year):

2,000/5% x (1.05^18 -1) = $56,264.77.

We further compound the future value of 18-year annuity as at the beginning of year 18 for one period to come up with the future value of this annuity as at the end of 18 year time:

56,264.77 x 1.05 = $59,078.

So, the answer is $59,078.

3 0
3 years ago
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