My personal opinion on whether companies should keep a standardized approach or adapt to local markets is:
- They should adapt to local markets because the needs of the people can easily sustain the business and the business can change their policies based on changing outcomes.
<h3>What is a Local Markets?</h3>
This refers to the demand of customers for a particular good or service in a given area and this is a better method than standardization as this would help to sustain the business.
With this in mind, we can see that adaptation to local markets is vital because this would enable the business owner to analyse the needs of the people and supply them.
Read more about local markets here:
brainly.com/question/25629927
The correct answer to this open question is the following.
Although there is no more context or reference, we can say the following.
The activities that should take place during the performing stage would be the following.
During the performance stage, the leader and the members of its team are ready to start taking action. After passing the previous stages of the forming stage, the storming stage, the norming stage, it is time, the leader knows that it is the moment to do what was planned. So this performing stage determinant because actions are going to be evaluated to know the effectiveness of the leader. So the leader knows that he/she has to be congruent with what it says and what it does, and deliver the proper results for the benefit of the team.
Answer:
Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.
Explanation:
The time at which records of costs of goods sold is done determines a company`s inventory system.
Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.
Periodic Inventory System
In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is being explained in the question.
Perpetual
The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)
Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.
Answer:
Current Operation (purchase of cookies) - $0.60
Alternative - $0.2 materials
$0.15 direct labor
$0.45 without increasing capacity of which $0.3 is fixed - meaning it would still be incurred at current capacity
<u> Mel's Meals Evaluation of Alternatives</u>
Purchase Produce
$ $
Cost to Buy 0.6 -
Materials - 0.2
Direct Labor - 0.15
Overhead (Variable) - 0.15
Total Cost 0.6 0.5
Decision: Mel should not continue buying them as she would be saving $0.1 for every lunch meal.
Since there would not be an increase in the total fixed overhead if Mel's makes the cookies in-house, then the $0.3 fixed overhead is not significant in calculating the cost of producing.
Explanation:
The differential cost in this instance is $0.1 as Mel's saves that for every cookie made which multiplied by the number included in the box and by the total box prepared and sold gives = 0.1 * 2 * 10000 = $2,000 saved for making
Answer:
Perfect Competition
Explanation:
Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.