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guapka [62]
3 years ago
10

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota, because his spouse's company transferred h

er to St. Paul. The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste." What is the decorator's problem?
a. The decorator does not understand that customer needs are neither right nor wrong, good nor bad.
b. The decorator has no core competencies that will transfer to his new geographic market.
c. The decorator is highly affiliated with the new target market and understands how he can create value for it.
d. The decorator should choose a strategy of cost leadership in this environment.
Business
1 answer:
kifflom [539]3 years ago
6 0

Answer:

The correct answer is option a.

Explanation:

An interior decorator has moved his business from Los Angeles to St. Paul, Minnesota because his spouse's company transferred her to St. Paul.

The decorator is distressed because the customers in his target market have, in his words, "banal and bourgeois taste."

The customers in St. Paul have a different taste from the customers that he catered to in Los Angeles. The consumer tastes and preferences may differ from place to place according to the climatic conditions, social status, cultures, etc.

The problem with the decorator is that he does not understands that customer needs are not right or wrong, good or bad. It is not right or wrong if the customers in Minnesota have a different preference from customers in Los Angeles.

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Answer:

B. a fixed-price contract.

Explanation:

"A fixed price contract places minimum administrative burden on the contracting parties, but subjects the contractor to the maximum risk arising from full responsibility for all cost escalations. Also called firm price contract."

Mr. Plow couldn't come back to Springfield because he took full responsability for all cost escalations.

Reference: WebFinance Inc. “What Is Fixed Price Contract? Definition and Meaning.” BusinessDictionary.com, 2019

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Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation
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Answer:

A) a reduction of the carrying value of the investment

Explanation:

Under the equity method, the investor company cannot record dividends as revenue, it must record them as a reduction of the carrying value of their investment. Under the equity method, the value of the investment decreases with cash dividends. This transaction involves only a change between assets, investment decreases while cash increases, no additional revenue is recorded.

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A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N
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Answer: A $304

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On November 1, total value of inventory = $20 × 5 =$100

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Answer:

c. allows a foreign firm to purchase the right to manufacture and sell a firm's products within a host country.

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