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andrew11 [14]
3 years ago
9

Many stores today have changed how customers shop. You can go online to buy your groceries, have a store clerk pick them out for

you and then either drive up and pick them up or have them delivered. Besides groceries, you can do this with electronics, clothing, shoes, and even pharmaceuticals. How would you describe this change in business practices?
Business
1 answer:
Montano1993 [528]3 years ago
8 0

Answer:

Explanation:

Business practices are said to be ways in which business conduct their activities to reach their goals. Business practice, before the invention of eCommerce, has been buying ans selling in which the seller and the buyer needed to have face contact. This means, if a buyer does not visit the seller, he/she wont get what he wants.

The invention of online shopping brought a lot of change to the way businesses are been conducted in the 21st Century. The eCommerce invention, brought about a new type of business where a buyer does not need to meet the seller face to face before getting what he wants. This trend brought about growth in the business world: where small business can now reach a large number of customers and also supply goods to customers anywhere in the world.

Although, a lot of issues first served as hindrance to the online shopping or eCommerce: issues like fraud, customer privacy, customer protection etc. Most of these issues were dealt with and a lot is been done to address the remaining issues.

Online shopping gave customer a lot of option: in which, they were able to choose from multiple options, knowing that they will get what they want at their door step. More so, the cost of theses products, sometimes are cheaper due to the large market being presented by the internet. In addition, the customers sometimes don't even have to pay for the cost of  transport.

Further more, this platform also made businesses to think differently by investing in technology, finding more ways to please the customers(customers are now treated as assets) and doing everything possible to maximize profit.

In conclusion, online shopping has changed the business world in a positive way, it created a large market for customers and producers, it created a large audience for a product and it created a platform for small businesses to also reach more customers.

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Philadelphia Company has the following information for March: Sales $450,000 Variable cost of goods sold 240,000 Fixed manufactu
Effectus [21]

Answer:

Manufacturing margin = $210,000

Contribution margin = $158,000

Operating income = $53,000

Explanation:

Requirement 1

We know,

Manufacturing margin = Sales revenue - Cost of goods sold

given,

Sales revenue = $450,000

Cost of goods sold = $240,000

Putting the values into the formula, we can get

Manufacturing margin = Sales revenue - Cost of goods sold

Manufacturing margin = $450,000 - $240,000

Manufacturing margin = $210,000

Manufacturing margin also called gross margin.

Requirement 2

Contribution margin = Sales revenue - Variable expense

Given,

Sales revenue = $450,000

Variable expense = Variable cost of goods sold + Variable selling and administrative expenses

Given,

Variable cost of goods sold = $240,000

Variable selling and administrative expenses = $52,000

Putting the values into the formula, we can get

Variable expense = $240,000 + $52,000

Or, Variable expense = $292,000

Therefore,

Contribution margin = $450,000 - $292,000

Contribution margin = $158,000

Requirement 3

Operating income = Contribution margin - Fixed expense

Given,

Contribution margin = $158,000 (From requirement 2)

Fixed expense = Fixed manufacturing costs + Fixed selling and administrating expenses.

Fixed expense = $70,000 + $35,000

Fixed expense = $105,000

Putting the values into the formula, we can get

Operating income = Contribution margin - Fixed expense

Operating income = $158,000 - $105,000

Operating income = $53,000

5 0
3 years ago
Time deposits, bonds, securities,
s2008m [1.1K]

Answer:

In his traditional role Finance

Manager is responsible for

Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

resources

d

Efficient management of cash

Explanation:

In his traditional role Finance

Manager is responsible for

Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

resources

d

Efficient management of cash

5 0
3 years ago
How do delivery companies track packages? group of answer choices
Luba_88 [7]

Companies track packages through code-scanning technology

<h3>What is code-scanning technology?</h3>

It is a machine-scannable image that a smartphone camera can instantaneously read. Numerous black squares and dots that stand in for various pieces of information make up each QR code. Your smartphone will transform the data when it scans this code into a form that humans can understand. A camera or other imaging device can scan a QR code, which is made up of black squares  in a squ in a square grid on a white background. Reed-Solomon error correction is then used to process the picture so that it can be properly decoded.

There would be a catastrophic amount of errors introduced. By organizing the process of gathering and tracking product data, barcodes aid in preventing these occurrences. The fact remains that mistakes are expensive. A tool for finding potential security problems in an application is code scanning.

Hence, companies track packages through code-scanning technology.

To learn more about code-scanning technology refer to:

brainly.com/question/28431875

#SPJ4

3 0
1 year ago
Seeing a brand can cause consumers to automatically think of the attributes of the firm. True or False
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Answer:

The answer is True

Explanation:

5 0
3 years ago
On January 1, 2020, Blue Inc. issued stock options for 290,000 shares to a division manager. The options have an estimated fair
nasty-shy [4]

Answer: $1,305,000

Explanation:

Blue initially estimated that the goal would not be achieved so had not catered for the expense in the case that it would.

In 2022, when Blue estimates that the target will be reached, they will have to account for the expenses for the three years for the option because the options value is to be amortized over the period in question which is 4 years.

Options value = 290,000 * 6

= $1,740,000

Over 4 years:

= 1,740,000 / 4

= $435,000

Over the three years:

= 435,000 * 3

= $1,305,000

<em>Expenses will increase by 1,305,000 for the year. </em>

4 0
3 years ago
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