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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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makes and sells tasty burritos for $8 per unit with a unit variable cost of $6. All sales are for cash and the variable costs ar
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Answer:

$36,160

Explanation:

expected cash flow for March

Beginning cash balance    $34,000

Sales                                   $177,280

Variable costs                   -$132,960

S&A costs                           -$48,000      

without depreciation                        

ending cash balance          $30,320

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covered by bank loan

6 0
4 years ago
From the following examples, which one correctly defines a leader?
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8 0
2 years ago
Which of the following considerations can sometimes override consequences when comparing and weighing alternatives for ethical d
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Answer:

The correct answer is B

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3 0
3 years ago
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                                         Actual              Budgeted

Units sold                        991,000           1,000,000

Variable costs              1,280,000           1,500,000

Fixed costs                     955,000             905,000

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Units sold              991,000             991,000              1,000,000

Revenues           $9,910,000         $9,910,000        $10,000,000

Variable costs  -$1,280,000        -$1,486,500         -$1,500,000

Contr. margin           $8,630,000        $8,423,500         $8,500,000

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Operating income   $7,675,000         $7,518,500          $7,595,000

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