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jeyben [28]
3 years ago
6

Culture is an integral part of any organization. Please define culture, how is it created, and give three examples of companies

with strong culture and explain how it is a competitive advantage for them. g
Business
1 answer:
Veronika [31]3 years ago
6 0

Answer:

Explanation:

An organization's culture shows the proper way that employees are expected to behave in an organization. Organizational culture is made up of values and shared beliefs which have been put in place by the leaders and then passed across to employees.

Organization cultures are created by several factors, such as founders preferences and values, goals, industry demands, and assumptions and maintained through leadership, employee onboarding, and reward system of the organization.

Examples of companies with strong organizational culture are:

• ‍Netflix: is a leading technology companies that is known worldwide. Netflix sets the highest standards for their employees. Standards are maintained by rewarding high performers.

• Google: ‍Google is an icon that most companies look up to. They give financial bonuses, free meals, employee social gatherings, gyms, parks, a dog-friendly environment etc. Google recruits the best hand and employees are motivated to work harder.

• Twitter: Twitter has a team-orientated environment and the employees enjoy rooftop meetings, health and fitness classes, friendly environment and continued education. Employees of Twitter believe that the work done by them matters and thus tends to aid productivity.

The company culture is a competitive advantage to these companies as it helps to improve employee retention, gives them a brand identity and also inspire the workers to work harder and achieve more.

You might be interested in
Campbell’s Soup has divided the domestic market into more than 20 re- gions, each with its own sales managers that develop speci
Sliva [168]

Answer:

a. micromarketing

Explanation:

Micromarketing -

It is the strategy of marketing , where the advertising is done on the basis of the location and the taste of the people , is referred to as micromarketing .

In this method ,

The ares are bifurcated into small regions , and for each and every region different method of marketing is used , depending on the people and location .

This enables to market the goods and services in a better manner .

Hence , from the given scenario of the question ,

The correct option is a. micromarketing  .

3 0
3 years ago
Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant
Ivenika [448]

Answer: provided in the explanation segment

Explanation:

To begin we will answer each part accordingly.

For Requirement 1 :  

I would say that Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the investment company.

For Requirement 2 :  

In the books of Excel Motors: we have that;

Transaction/ Event   Date Accounts&Explanation   Debit ($

)  Credit($

)

    1.     Jan 6, 2018   Investment in Associate 240,000,000    

                                                        Cash                            240,000,000

Accnt&Explan: To record cash paid for equity investment in Dynamic Motors.  

   

    2.              Cash ( $ 15,000,000 x 45%)      6,750,000  

                        Investment in Associate                         6,750,000

Accnt&Explan:To record dividend received in cash from Dynamic Motors  

   

3. Investment in Associate ( $ 10,000,000 x 45%) 4,500,000  

                                           Investment Revenue                        4,500,000

Accnt&Explan:To record income earned on equity investment

For Requirement 3:

 Equity Investment in Dynamic Motors:

               Cash      240,000,000           Cash                 6,750,000

Investment Income 4,500,000  

                                                                       Ending Balance 237,750,000

                                      244,500,000  244,500,000

The balance would be classified as a non-current asset on the balance sheet dated December 31, 2018

cheers i hope you understand, this is actually in a tabular form.

8 0
3 years ago
Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales
Jlenok [28]

Answer:

$685,000  

Explanation:

First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:

contribution margin ratio=contibution margin/sales revenue

contribution margin ratio=16%

contribution margin required=pretax income+fixed costs

contribution margin required=$71,200+$38,400=$109,600  

16%=$109,600/sales revenue

16%*sales revenue=$109,600

sales revenue=$109,600/16%

sales revenue=$685,000  

6 0
3 years ago
Although the unemployment rate is the single best indicator of how well the labor market is working, we discussed in class that
shepuryov [24]

The unemployment rate is not considered to be a complete measure because it does not count discouraged workers.

<h3>How is the unemployment rate calculated?</h3>

The unemployment rate includes only people who are still actively searching for work and they have to be in the labor force.

People who have looked for jobs for a while and then got discouraged and given up, are not counted as unemployed which therefore depresses the unemployment rate.

Find out more on the unemployment rate at brainly.com/question/13280244.

#SPJ12

5 0
2 years ago
Jake manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g
poizon [28]

Answer:

The given condition is an example of:

A. Menu costs

Explanation:

In the given question mentioning data is that

Jake is been managing a grocery store in any country which is experiencing high rate of inflation. He is mentioned to be paid in cash.

On his very payday he went outside immediately and bought as many goods as he could for himself as he was going to get his pay today and was needing those items.

So, he thought of buying all the items he is needing as for the next two weeks  in order of prevention of the money in his wallet from losing value due to high inflation rates.

And at last what he couldn't spend on buying for all that amount he converted that amount into most stable foreign currency for being used as a steep fee.

So all this were an example of :

A. Menu costs

7 0
3 years ago
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