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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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Leasing allows business owners to forecast cash flows more ________ because lease payments are ________ amounts paid over a part
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Leasing allows business owners to forecast cash flows more ACCURATELY, because lease payment are FIXED amount paid over a particular time period.
Leasing involves paying a specified amount of money monthly or yearly for use of a particular landed property. Leasing fees are usually fixed in amount and this allows one to accurately calculate how much money one can expect from this source of revenue.
3 0
3 years ago
During the financial crisis of 2007-2008, the Fed engaged in lending to certain large non-bank financial firms in the private se
Delvig [45]

Answer: D. The Fed wanted to limit the inflation risk inherent among financial institutions.

Explanation: An alternative lender, or non-traditional lender, is a loan provider, often a short-term loan lender that is often not heavily regulated by state or federal agencies. ... Secured loans typically have lower interest rates than unsecured non-traditional loans because they minimize the lender's risk of loss.

6 0
3 years ago
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If a nation has a comparative disadvantage in the production of some commodity: Group of answer choices it cannot gain from inte
vazorg [7]

Answer:

it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if it produced it domestically.

Explanation:

A country has comparative disadvantage in production if it produces at a higher opportunity cost when compared to other countries.

The country with a  comparative disadvantage can gain from trade by trading the good with a country that has  comparative advantage in the production of that good. i.e. the country produces at a lower opportunity cost

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country B has a comparative disadvantage in the production of beans and country A has a comparative disadvantage in the production of rice

Country B should buy beans from A and A should buy rice from B

7 0
3 years ago
Which of the following statements about mentors is true?
lesya [120]

Mentors are an excellent way to learn on the job- this statement about mentors is true.

Option: A

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Mentors are the one who guides his trainee from different perspectives and help in every possible way. Mentors provide real life a practical advice so that it become easy to deal with the problem for trainee. Every company do support mentoring program. After appointing many fresher company executive split them in number groups and assigned one expert per group according to the nature of work.

That field expert monitors his group which consists of 7-8 persons at a time. Expert assign work to the trainees for daily basis, supervise them, advice them and train them to be a perfect employee of that company.

5 0
3 years ago
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He gross domestic product (gdp) of the united states is defined as the
Mashcka [7]
The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp).
representing 22 percent of nominal global gpd and 17 percent of gross world product (gwd)
5 0
3 years ago
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