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IceJOKER [234]
3 years ago
12

Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing tov pay full retail prices on shoes. What actions

could he take to change the company’s culture so that it was more efficient?
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

1. Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency.

2. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive.

3. Creating a challenging and interactive environment for everyone.

4. Inspiring everyone to do their best and let them know that they will certainly be rewarded.

Explanation:

Giving employers the right and the necessary tools they need to make good business decisions that can improve the company's efficiency. Reward outstanding achievements and encourage everyone to think outside the box as well as being productive. Creating a challenging and interactive environment for everyone. Inspiring everyone to do their best and let them know that they will certainly be rewarded.

You might be interested in
The phrase "invisible hand" means that:
never [62]

Answer:

The correct answer is letter "B": The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Explanation:

In his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776), British economist Adam Smith (1723-1790) introduced the term "invisible hand" to refer that economic factors (buyers and sellers) naturally influence in the fluctuations of supply and demand without the need for the intervention of the government.  

According to Smith, buyers and sellers interactions act as an "invisible hand" arranging proper levels of competition between businesses and promoting the best interest of societies.

4 0
3 years ago
Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
melomori [17]

Answer:

C. Process Innovation.

Explanation:

As Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but rather by doing a thousand small things. This approach focuses on driving down the cost of healthcare through process innovation. Process innovation is the mechanism when we implement a new or significantly improved manufacturing method with the help of a new technology in order to remain competitive and meet consumers demands at the same time. We try to solve an already existing issue or reforms an existed process in a different way to generate something with huge benefits, likewise, same is the case here with Dr. Shetty who has reduced the cost of healthcare quite significantly just by changing and improving his production methods.

7 0
3 years ago
Concord Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developi
hoa [83]

Answer:

$8,586,000

Explanation:

market price for Littlelaser $100 per unit

units sold 106,000

total revenue generated by Littlelaser = $100 x 106,000 = $10,600,000

required investment = $8,056,000

since the investors require a return on investment of 25%, then the profits generated by Littlelaser should be:

ROI = net income / total investment

25% x $8,056,00 = net income

net income = $2,014,000

target cost = total revenue - net income = $10,600,000 - $2,014,000 = $8,586,000

total revenue $10,600,000

<u>- total cost $8,596,000    </u>

net income $2,014,000

7 0
3 years ago
Manuel Rios wishes to determine how long it will take an initial deposit of ​$13 comma 000 to double. a. If Manuel earns 9​% ann
Lorico [155]

Answer:

See Below

Explanation:

This is a problem of compound interest. The formula is:

F=P(1+r)^t

Where

F is the future value

P is the present value

r is the rate of interest

t is the time in years

P = 13,000

To double his money, that means, F = 26,000

a)

Now, r = 9% = 0.09, so time it takes:

F=P(1+r)^t\\26,000=13,000(1+0.09)^t\\2=1.09^{t}\\t=\frac{Ln(2)}{Ln(1.09)}\\t=8.04

So, its gonna take about 8.04 years to double

b)

Similarly, here we just use r = 0.06, so the calculation is:

F=P(1+r)^t\\2=1.06^t\\t=11.9

So, its gonna take about 11.9 years to double

c)

Here, the r is 11% or 0.11

So, the time it will take:

F=P(1+r)^t\\2 = 1.11^t\\t=6.6

So, it is going to take about 6.6 years to double

d)

The amount of time it takes to double his money decreases as the interest rate increases and the time increases as interest rate decreases.

8 0
3 years ago
Sheffield Corp. is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Sheffield made p
vazorg [7]

Answer:

Explanation:

Date = July 1 - 21

Expenses = 3,120,000

Weighted average expenses =  3,120,000 * 6/12 = 1,560,000

Accumulated expenses = 1,560,000

Date = Sept 1 - 21

Expenses = 6,468,000

Weighted average expenses =  6,468,000 * 4/12 = 3,716,000

Accumulated expenses = 3,716,000 - 1,560,000 = 2,156,000

Date = Dec 1 - 21

Expenses = 5,870,000

Weighted average expenses =  5,870,000*0/12 = 5,870,000

Accumulated expenses = 5,870,000 - 2,156,000 = 3,716,000

Thus, the weighted-average accumulated expenditures were $3,716,000.

6 0
3 years ago
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