Answer:
Outsourcing.
Explanation:
Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.
Outsourcing is also used by companies to dial down and focus on the core aspects of the business, spinning off the less critical operations to outside organizations.
Answer:
Opportunity cost refers to value of sacrifice one make for making a particular decision. Here, the cost of opportunity of leaving a job to start a business will be = Salary lost due to starting a business + Money initially spend on setting up of business + interest lost on initial investment (which you could have otherwise earned had you invested the money elsewhere) - potential profit from the business
<em>Calculating the annual opportunity cost</em>
Salary lost per year = $50,000
Money initially spend = $100,000
Let us assume the interest rate to be 2% and at this rate as i have not spend the money on starting the business. So interest per year = 100,000 * 2 * 1 / 100 = $2000
Thus, opportunity cost = $50,000 + $100,000 + $2000 - potential profit from the business. So therefore, Opportunity Cost is $152,000 - potential profit from the business per year.
Answer
Overhead allocation to each product is :
W1 $5,161
M0 $21,639
Total $26,800
Gross profit of each product:
W1 $7,239
M0 -$5,239
Total $2000
Kindly refer to the attached document for a detailed breakdown of workings
The answer to this question is The PlantBottle is a potentially disruptive innovation; grape juice–sweetened drinks are a product change<span>.
Disruptive innovation refers to the type of innovation that potentially eliminate existing similar product in the market, and product change is an additional adjustment that made toward a similar product that already exists int he market.</span>
Answer and Explanation:
Service failures are as follows:
Tangibility: Suppose customer approaches an electronic shop to purchase a television and he was waiting for sales person for a long time also no one is there for helping the customer so the sales person presence is not there that leads to service failure
Reliability: According to the sales person, the customer purchase the television but at the time of usage the television is not working so this leads to service failure
Responsiveness: When the customer complaints about not working of the television so the sales person does not respond this leads to service failure
The products that have high quality involves sony, HTC smart phones and these quality products would be from companies that are successful