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kobusy [5.1K]
3 years ago
7

Jonni has just started with a travel agency and has been offering clients and prospective clients a range of packaged tours. She

is concerned because the commissions she is earning on her sales are lower than she had hoped. Her colleague Andrew, who has been with the agency for several years, is having a great deal of success by working closely with the clients, seeking their ideas, and building customized tour packages for each one based on their suggestions. Andrew’s approach is based on
Business
1 answer:
weqwewe [10]3 years ago
4 0

Answer:

Co-Creation of value

Explanation:

Various action that increases the worth of business, services and goods is called value creation.

Co-creation of value is a business strategy.  In this strategy  the company encourages and promotes active involvement of the customer] for the creation of customized or on demand products. With co-creation the customers get exactly the type of product they want.  Customer input plays an important role in value co creation.

Some shoe companies allows the customers to give their input so that they can customize the shoe as per the customers needs, it is an example of value co creation.

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Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on
labwork [276]

Answer:

Costs of: Opportunity  Sunk Variable Fixed MOH Product Selling Differential

Garage rent  (Fixed)........................................X

Utilities  (Fixed).................................................X

Cost of the industrial design course  (Sunk) ... ''the cost has been spent''

Equipment rented .(Fixed)...............................X

Material cost  (Variable)...................X

Labor cost  (Variable).......................X

Present salary  (Opportunity cost / Differential Cost)..'He wont earn anymore'

Advertising  (Fixed and Selling Costs)............X...................................X

Explanation:

Costs of: Opportunity  Sunk Variable Fixed MOH Product Selling Differential

Garage rent  (Fixed)........................................X

Utilities  (Fixed).................................................X

Cost of the industrial design course  (Sunk) ... ''the cost has been spent''

Equipment rented .(Fixed)...............................X

Material cost  (Variable)...................X

Labor cost  (Variable).......................X

Present salary  (Opportunity cost / Differential Cost)..'He wont earn anymore'

Advertising  (Fixed and Selling Costs)............X...................................X

1. Garage rent is fixed Manufacturing Overhead because he will pay a fixed rent amount every month.

2. Utilities is fixed Manufacturing Overhead because he will pay a fixed amount every month.

3. Cost of the industrial design course  is Sunk because the cost has been spent already

4. Equipment rented  is fixed Manufacturing Overhead because he will pay a fixed amount every month.

5. Material cost  is variable because it will depend on how much produced every month.

6. Labor cost  is variable because it will depend on how much produced every month.

7. Present salary  is an Opportunity cost because wont earn salary anymore when he starts the business; this is also differential because it is the difference between the cost of the two alternative decisions

Advertising  is a fixed Selling costs because he will pay a fixed amount every month and it is related to sales not production.

4 0
3 years ago
An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm
GenaCL600 [577]

The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

What is investment?

Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

PV is a present value, FV is a future value, i is interest, n is number of period

PV= FV/ (1 + i) n

PV= 1, 00,000 / (1+7.20%) 10

PV =68.5650014087

As a result, the original amount of investment is 68. 56

Learn more about on investment, here:

brainly.com/question/15353704

#SPJ1

7 0
1 year ago
How do I consolidate a balance of two companies, where Company A has 25% of Company B and a controlling interest?
marusya05 [52]

Answer:

Acquisition method

Explanation:

4 0
2 years ago
Assume Metro Company had a net income of​ $2,100 for the year ending December 2018. Its beginning and ending total assets were​
Sever21 [200]

Answer:

7.92%

Explanation:

The computation of the return on total assets is shown below:

Return on assets = (Net income) ÷ (average of total assets)

where,  

Net income is $2,100

Average total assets = (Beginning total assets + ending total assets) ÷ 2

= ($33,500 + $19,500) ÷ 2

= $26,500

Now put these values to the above formula  

So, the ratio would equal to

= $2,100 ÷ $26,500

= 7.92%

7 0
3 years ago
A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequenc
FrozenT [24]

A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

<h3>What is a contingency table?</h3>

They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.

In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.

The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.

Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

Learn more about contingency tables here: brainly.com/question/5492865

8 0
1 year ago
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