project manager will go at the first
marketing manager will go at the second box
business analyst will go to the third box
business development manager will go to the last box
Number 4 bottom answer
Explanation:
I know the first bit which is Total Utility is consumer satisfaction with all consumption for definite.
Back in 2015, McDonald’s was struggling. In Europe, sales were down 1.4% across the previous 6 years; 3.3% down in the US and almost 10% down across Africa and the Middle East. There were a myriad of challenges to overcome. Rising expectations of customer experience, new standards of convenience, weak in-store technology, a sprawling menu, a PR-bruised brand and questionable ingredients to name but a few.
McDonald’s are the original fast-food innovators; creating a level of standardisation that is quite frankly, remarkable. Buy a Big Mac in Beijing and it’ll taste the same as in Stratford-Upon Avon.
So when you’ve optimised product delivery, supply chain and flavour experience to such an incredible degree — how do you increase bottom line growth? It’s not going to come from making the Big Mac cheaper to produce — you’ve already turned those stones over (multiple times).
The answer of course, is to drive purchase frequency and increase margins through new products.
Numerous studies have shown that no matter what options are available, people tend to stick with the default options and choices they’ve made habitually. This is even more true when someone faces a broad selection of choices. We try to mitigate the risk of buyers remorse by sticking with the choices we know are ‘safe’.
McDonald’s has a uniquely pervasive presence in modern life with many of us having developed a pattern of ordering behaviour over the course of our lives (from Happy Meals to hangover cures). This creates a unique, and less cited, challenge for McDonald’s’ reinvention: how do you break people out of the default buying behaviours they’ve developed over decades?
In its simplest sense, the new format is designed to improve customer experience, which will in turn drive frequency and a shift in buying behaviour (for some) towards higher margin items. The most important shift in buying patterns is to drive reappraisal of the Signature range to make sure they maximise potential spend from those customers who can afford, and want, a more premium experience.
I hope this was helpful
Answer:
Cost of goods sold=$955000
Explanation:
we know that to calculate cost of goods sold we have to first finds cost of goods manufactured and to calculate cost of goods manufactured we will need total manufacturing cost.
Step#01: Total manufacturing cost=?
Total manufacturing cost= raw material used+direct labour+ factory overhead
Raw material used=?
Raw material (open)= 72000
Add: Raw material purchase=<u>467000</u>
539000
less: Raw material (ending)= (<u>93000</u>)
Raw material used 446000
Total manufacturing cost=446000+363000+213000=1021000
Step#2: Cost of goods manufactured (COGM)=?
we know that: COGM= Total manufacturing cost+ work in process (open)-work in process (end)
COGM= 1021000+63000-84000=1000,000
Step#3: Cost of goods sold (COGS)=?
we know that : COGS= Cost of goods manufactured+finished goods (open)-finished goods (ending)
COGS= 1000000+171000-216000=955000
The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.
<h3>What does the law of diminishing marginal utility State?</h3>
- According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
- The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.
<h3>Which law does the law of diminishing marginal utility affect?</h3>
- According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
- Consuming increasing quantities of a good gives economic actors less and less pleasure.
<h3>What is law of diminishing marginal returns?</h3>
- According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
- The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.
Learn more about diminishing marginal utility here:
brainly.com/question/13084220
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