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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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The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.
abruzzese [7]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour

Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821

Manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Manufacturing overhead spending variance= (3.5 - 3.607965)*49,840= 5,381 unfavorable

5 0
3 years ago
Amos Rubber company manufactures tires. They reported the following information from their operations last period: Cost of Direc
Hunter-Best [27]

Answer:

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

Explanation:

Units costs under variable costing include only the variable manufacturing costs.

<u>Manufacturing Costs - Variable Costing</u>

Direct Materials used in production:   $35,000

Cost of Direct Labor wages:                $40,000

Variable Manufacturing Overhead:     $30,000

Total Costs                                           $105,000

Unit Cost = $105,000/ 50,000

                = $2.10

Units costs under absorption costing include both the variable manufacturing costs and fixed manufacturing costs.

<u>Manufacturing Costs - Absorption Costing</u>

Direct Materials used in production:   $35,000

Cost of Direct Labor wages:                $40,000

Variable Manufacturing Overhead:     $30,000

Fixed Manufacturing Overhead:          $75,000

Total Costs                                           $180,000

Unit Cost = $180,000/ 50,000

                = $3.60

Difference :

Unit Cost - Absorption Costing      $3.60

Less Unit Cost - Variable Costing  $2.10

Difference                                        $1.50

Conclusion :

The per-unit cost under absorption costing is greater than the variable per-unit cost by $1.50.

5 0
4 years ago
If your goal is to save more
Serjik [45]

Answer:

C. Intentional

Explanation:

Intentional means- done on purpose; deliberate.

You have a goal of saving money so you should have a reason/purpose for your spending instead of doing it without a reason/pourpose

3 0
3 years ago
What is the present value of $18,430 to be received 12 years from today if the discount rate is 7.26 percent?
RSB [31]
PW = 18430×1.0726^-12 = $7948.26
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4 years ago
Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of
Vinvika [58]

The correct option is :<u> Allowing</u><u> employees</u><u> the opportunity to be a part of the</u><u> budget </u><u>process.</u>

<h3>What is Budget?</h3>

A budget is a plan on how a business will attain its profits objectives. It shows how a firm will allocate its scarce resources to various units to achieve its overall goals. A budget can be prepared on a bottom-up basis where each department sets its targets under the guidance of top management. The top management can also prepare the budget and pass it down to various units for implementation.

When a budget is prepared from bottom to top, employees get involved in the process. It makes them own the document and its objectives. The employees will feel motivated to work as a team to meet their targets.  A budget indicates the direction where the business is heading. If employees are involved in the budgeting process, they will help management to steer the company in the intended direction.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of the following situations will not lead to human behavior problems:

a. Setting goals among managers that conflict with one another.

b. Setting goals too tightly making it difficult to meet performance expectation.

c. Allowing employees the opportunity to be a part of the budget process.

d. Allowing goals to be so low that employees develop a "spend it or lose it" attitude.

Learn more about Budgeting on:

brainly.com/question/6663636

#SPJ4

3 0
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