Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.
<h3>What is Everyday Low Pricing?</h3>
Everyday Low Price (EDLP) is a pricing technique employed by merchants that guarantees customers the lowest prices in-store without the need to apply a coupon, wait for a sales event, or take any other steps to obtain an acceptable price on the goods they purchase. There are numerous companies that use an everyday low pricing strategy, including Wal-Mart, Amazon, Procter & Gamble, Winn-Dixie, and Trade Joe's. A survey indicates that 26% of American retailers use EDLP and 74% use high-low promotions.
You can reduce demand swings, prevent sales promotions, and improve your demand forecasting processes by using an everyday low pricing strategy. You can lower the price of your products using a cheap pricing plan to draw in more customers and boost sales.
Hence, The fundamental philosophy behind Everyday Low Pricing exists to decrease investment in promotion and transfer part of the savings to lower price.
To learn more about Everyday Low Pricing refer to:
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Answer: entrepreneur; self disciplined
Explanation:
1. Given Pepe's willingness to accept the risks of opening and running Pepe's Pizzazzeria, he is clearly an example of an entrepreneur.
An entrepreneur is one who goes into a business despite knowing that there'll be risk along the way and uses the resources available to achieve his aim.
2. Pepe remains confident and enthusiastic even though his colleagues have poked fun at his ideas. This shows that Pepe is self disciplined. He knows what he wants and won't let any negative comments from anyone affect him.
Answer:
$3,925,000
Explanation:
Calculation to determine what The balance of the projected benefit obligation at December 31, 2021 is
Projected benefit obligation $3,500,000
Add Service cost $300,000
Add Interest cost $350,000
(3,500,000X.1)
Less Benefits paid ($225,000)
Projected benefit obligation at December 31, 2021 $3,925,000
Therefore The balance of the projected benefit obligation at December 31, 2021 is $3,925,000
Answer :
. a proposed firm's goals, strategy for achieving them, and standards for measuring success.
Explanation:
A business plan is a proposed firm's goals, strategy for achieving them, and standards for measuring success.
The business plan outlines how the firm will meet it set goals and objectives and the strategy it will use in achieving them. It must also include how the firm will measure it's success.
It is a written orderly statement of the firm's goals ,methods of achieving the set goals and how it will measure its achievement.
Business plan gives the organisation a sense of purpose.
