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kirill [66]
3 years ago
5

Baked Delights, a startup bakery, recently collected data on the quality and pricing of the products of Sweet Tooth, the largest

and most popular bakery in the region, to help set up its own business standards. This is an example of _____.
Business
1 answer:
Oxana [17]3 years ago
6 0

Answer:

This is an example of Bench marking.

Explanation:

Bench Marking:

It is defined as a process in which an individual, company or a business compares its performance with another individual, company or business that is considered as a standard.

For example:

If a company "A" is very famous in shoe making industry. Then a company "B" compares its products and services with that company "A". This is called bench marking.  

In this case, Baked Delights, collects the data of Sweet tooth in order to improve their standards, so it is an example of bench marking.

You might be interested in
Shore Company reports the following information regarding its production cost. Units produced 36,000 units Direct labor $ 31 per
Sedaia [141]

Answer:

$73.86 per unit

Explanation:

The computation of the cost per unit under the absorption costing is as follows

= Direct material per unit + Direct labor per unit + variable overhead per unit + fixed overhead per unit

where,

Variable overhead cost per unit

= $288,000 ÷ 36,000 units

= $8 per unit

And, the fixed overhead cost per unit is

= $102,920 ÷ 36,000 units

= $2.86 per unit

So the cost per unit is

= $32 + $31 + $8 + $2.86

= $73.86 per unit

3 0
3 years ago
Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by
Alecsey [184]

Answer:

D) The Agency Problem

Explanation:

The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.

in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.

4 0
4 years ago
As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has
Alex17521 [72]

Answer:

The management should adopt skimming pricing strategy.

Explanation:

For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

7 0
3 years ago
Read 2 more answers
Virginia supply offers their customers trade credit with terms 2/15, net 30. this implies that:
Ivenika [448]

This implies that 2%/15 net 30 is a method of giving cash discounts on purchases. What this means is that if the bill is paid within 15 days, there is a 2% discount. Or else, the total amount is payable within 30 days. For instance, if "$1000 2/15 net 30" is printed on a bill, the buyer can take a 2% discount ($1000 x .02 = $20) and make a payment of $980 within 15 days or pay the whole $1000 in 30 days.

5 0
3 years ago
Read 2 more answers
Richa, a sales manager at TM Resources, needs to find new markets in which to sell her company's products. Richa assigns her tea
zhuklara [117]

Answer:

territory analysis

Explanation:

According to my research on the different types of business analysis, I can say that based on the information provided within the question the scenario indicates the team is currently involved in territory analysis. This is the process of analyzing different territories for potential sales of different products.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
4 years ago
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