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alexgriva [62]
2 years ago
12

An online store promises to deliver any order costing over $60 within 24 hours. It uses this strategy to increase the volume of

customer orders and the store always delivers on that promise. This company's track record for prompt delivery clearly implies that the company rates high on ______.
a. responsiveness
b. empathy
c. assurance
d. reliability
Business
1 answer:
dimulka [17.4K]2 years ago
4 0

Answer: (A) Responsiveness

Explanation:

 The responsiveness is the situation in which we respond or react quickly as it is one of the quality in an organization for being responsive more quickly.

The responsiveness is one of the quality in an organization as it helped to traced out the record more quickly and it is one of the effective way.

According to the given situation, the responsiveness is the state where the organization track the record for the prompt delivery more quickly if there is increase in the number of the customer orders.

Therefore, Option (A) is correct.    

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Understanding that business organizations can be extremely diverse, identify and explain management strategies to promote motiva
Leona [35]

Some management strategies to promote motivation and communication are encouraging group work and having effective communication channels.

<h3>Why are motivation and communication important?</h3>

These two elements make sure employees give the best of themselves and can report/solve problems efficiently.

<h3>How to promote these elements?</h3>

Some strategies that can be used are:

  • Group work: If employees work together in projects they are more likely to communicate; also, this increases motivation as work is shared.
  • Communication channels: This makes employees they can easily and effective communicate with subordinates, colleagues and superiors in different situations.

Learn more about communication in: brainly.com/question/22558440

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4 0
2 years ago
Kevin lives in New York City and runs a business that sells pianos. In an average year, he receives $735,000 from selling pianos
Tom [10]

Answer:

Implicit Cost and Explicit Cost

Identification of Van's cost as either an implicit cost or an explicit cost of selling pianos:

Implicit costs:

The rental income Van could receive if he chose to  rent out his showroom

The salary Van could earn if he worked as an accountant

Explicit costs:

The wages and utility bills that Van pays

The wholesale cost for the pianos that Van pays  the manufacturer

2. Determining Van's accounting and economic profit of his piano business.

Profit

(Dollars)

                         Accounting Profit    Economic Profit

Sales revenue      $735,000             $735,000

Cost of pianos       (435,000)             (435,000)

Wages and Utility  (255,000)             (255,000)

Opportunity costs:

Rent                                                        (10,000)

Salary as an accountant                       (24,000)

Profit                      $45,000                $11,000

3. Alternatively, the economic profit he would earn as an accountant would be_$34,000___.

4. If Van's goal is to maximize his economic profit, he stay in the piano business.

False

5. Van is not earning a normal profit because his profit is negative.

B. False

Explanation:

Van's economic profit or loss is the difference between the revenue received from the sale of the pianos and the costs of all inputs used, as well as opportunity costs of forgone rent revenue and salary income as an accountant.  To compute economic profit, opportunity costs and explicit costs are deducted from revenues earned.  But to compute accounting profit, only the explicit costs are deducted from revenues earned.

6 0
3 years ago
Entering foreign markets requires firms to ascertain foremost how they will attain
coldgirl [10]

The answer is market share. Entering foreign markets will require a certain company or firm to attain their market share because compared to local markets, foreign markets are different and requires strategies and planning—in which, they should do what it takes to attain their market share that is a portion of their market controlled by them.

6 0
3 years ago
Murray Exports (U.S.) exports heavy crane equipment to several Chinese dock facilities. Sales are currently 10,000 units per yea
dalvyx [7]

Answer:

Murray Exports (U.S.)

A. The short-run impact of each pricing strategy is as follows:

                                            Alternative 1                    Alternative 2

                              Reduce Price to $21,867    Maintain Price at $24,000

Gross profit                         $38,670,000               $54,000,000

Reduction in Gross Profit   $21,330,000                 $6,000,000

B.  (2) maintain the same dollar price of $24,000, raise the yuan price in China to Yuan 216,000 per unit to offset the devaluation, and experience a 10% drop in sales unit volume.  

 

Explanation:

a) Data and Calculations:

Current exchange rate = Yuan 8.20/US$

Current exports of heavy crane equipment per year to China = 10,000

US unit price of printer in dollars = $24,000

Chinese unit price of crane equipment in Yuan equivalent = Yuan 196,800 ($24,000 * Yuan 8.20)

Unit price of crane equipment in Chinese Yuan when the currency is devalued = Yuan 216,000 ($24,000 * Yuan 9.00)

The reduced dollar price with devaluation, when Yuan price is maintained = $21,867 (Yuan 196,800/9.00)

Before Devaluation of Chinese Yuan:

Sales volume            10,000

Sales revenue $240,000,000 (10,000 * $24,000)

Direct costs        180,000,000 (10,000 * $18,000) (75% of $24,000)

Gross profit       $60,000,000

                             Alternative 1                         Alternative 2

                       Reduce Price to $21,867    Maintain Price at $24,000

Sales volume                10,000 units             9,000 (10,000 * 90%) units

Sales revenue      $218,670,000             $216,000,000 ($24,000 * 9,000)

Direct costs            180,000,000               162,000,000 ($18,000 * 9,000)

Gross profit           $38,670,000               $54,000,000 ($6,000 * 9,000)

Direct costs = $180m ($18,000 * 10,000)  = $162m ($18,000 * 9,000)

3 0
2 years ago
Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical cost $190.00 $106.
dybincka [34]

Answer:

A.Skis = 161.00

Boots = 108

Parkas = 50

B) Skis = 161

Boots = 106

Parkas = 50

Explanation:

(a)Skis = 212.00-32.00-19.00= 161.00

Boots = 145-29-8= 108

Parkas = 73.75-21.25-2.5=50

(b)Skis = 161

Boots = 106

Parkas = 50

7 0
2 years ago
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