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Phantasy [73]
3 years ago
14

Why is it important to look at external sources of information when exploring product and service information?

Business
2 answers:
baherus [9]3 years ago
6 0

They help you find unbiased information about the product’s actual performance.

postnew [5]3 years ago
4 0

Answer:

B. They help you find unbiased information about the product’s actual performance.

Explanation:

Since the beginning of humanity, humans have been collecting and interpreting information to organize themselves into space and everyday actions. Planning, pondering and guiding are part of the routine.

Product evaluation systems are for the market as navigation systems are for transportation. In this sense, the compass is a good example. Prior to the use of this instrument, which identifies the north according to the earth's magnetic poles, traveling the seas was a great mystery that often ended in disaster.

External evaluations work in much the same way. They help managers identify the strengths and weaknesses of different areas of production and performance, allowing them to see where they are and where they want to go. Which brings us to a second point to consider when talking about evaluations: the context.

This is because it is not enough just to collect information from a compass: we have to have a map to interpret what this data means. The compass is, yes, fundamental, but suffers interference from local geographical conditions, for example.

It is only through good and extensive data analysis that good examples can be studied and product performances adapted to contexts.

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Dallas Boot Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces Tra
Kipish [7]

Answer:

Dallas Boot Corporation

Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than:_________

= $20.

Explanation:

a) Data and Calculations:

Pairs of military combat boots on the bid = 1,000

Direct material                                     $8

Direct labor                                            6

Variable overhead                                3

Variable selling cost (commission)      3

Fixed overhead (allocated)                  2

Fixed selling and administrative cost  1

Total cost of production and sales $23

Less commission                                 3

Total cost per boot                         $20

b) The bidding price less sales commission will be a price that is greater than $20 per boot.  The extra amount per boot will cover the profit expected from the transaction.

7 0
3 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

7 0
3 years ago
on june 30, the company lends it chief financial officer $44,000; principal and interest 7% are due in on one year. what journal
julsineya [31]
A because only real one
8 0
2 years ago
Which of the following will typically offer the highest interest rate
max2010maxim [7]

Answer:

savings bond

Explanation:

5 0
3 years ago
Read 2 more answers
Suppose lawyers seek legislation to limit the use of computer software that enables people to use their personal computers to se
Harman [31]

Answer:

c. rent-seeking behavior

Explanation:

In economics, rent-seeking behavior can be described as a behavior or conduct that tries to increase the share of an economic agent or an entity from the existing wealth without adding or creating new wealth. This implies that the entity aims to obtain added wealth without creating a new one.

From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.

Therefore, this is an example of rent-seeking behavior.

6 0
3 years ago
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