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svp [43]
3 years ago
5

Quinn makes picture frames from driftwood found on the beach. She has chosen to individually market to customers and makes frame

s to fit their specifications. If Quinn wants to grow the business larger and be more successful, what is she required to do?
a. provide a generic experience for costumers
b. market to a general, wider market
c. change its production strategy and marketing mix to scale up to meet growing demand
Business
1 answer:
RSB [31]3 years ago
5 0

If Quinn wants to grow the business larger and be more successful she needs to market her product to  a general, wider market(B)

Explanation:

  • <u>Market Expansion</u>  is an important growth strategy that is adopted by companies to penetrate in the potential market.
  • Companies need to assess their area of assets and uniqueness quotient and explore the potential market.

  • Companies can expand into the new market with either their existing product or can altogether introduce a new product based on the customer's demand.

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Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,
wolverine [178]

Answer:

the average number of customers awaiting repairs = 0.30

the system utilization = 42

the amount of time that the repairman is not out on a call is  = 4.64 hours

the probability of two or more customers in the system = 0.1764

Explanation:

Given that :

Repair time, including travel time =  mean of 1.6 hours per call.

Requests for copier repairs = mean rate of 2.1 per eight-hour day

i.e mean rate R = 2.1/day

Time = 8 hours

thus; mean rate μ = 8 hours/ 1.6 hours = 5

(a)

Let the average number of customers awaiting repairs be I_i :

I_i = \dfrac{R^2}{\mu (\mu-R)}

I_i = \dfrac{2.1^2}{5 (5-2.1)}

I_i = \dfrac{4.41}{5 (2.9)}

I_i = \dfrac{4.41}{14.5}

\mathbf{I_i = 0.30}

the average number of customers awaiting repairs = 0.30

(b) Determine system utilization.

The system utilization is determined as follows:

\delta = \dfrac{R}{\mu}

\delta = \dfrac{2.1}{5}

{\delta = 0.42}

\mathbf{\delta = 42}

(c) The amount of time during an eight-hour day that the repairman is not out on a call is calculated as :

Percentage of Idle time = 1 - \delta

Percentage of Idle time = 1 - 0.42

Percentage of Idle time = 0.58

However during an 8 hour day; The amount of time that the repairman is not out on a call is = 0.58 × 8 = 4.64 hours

(d)

the probability of two or more customers in the system by assuming Poisson Distribution is:

P(N ≥ 2) = 1 - (P₀+ P₁)

where;

P₀ = 0.58

P₁ = 0.58  × 0.42 = 0.2436

P(N ≥ 2) = 1 - ( 0.58 + 0.2436)

P(N ≥ 2) = 1 - 0.8236

P(N ≥ 2) = 0.1764

Thus; the probability of two or more customers in the system is 0.1764

7 0
3 years ago
Sunland Company purchased a new machine on October 1, 2022, at a cost of $80,360. The company estimated that the machine has a s
stepan [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $80,360

Salvage value= $7,910

Useful life= 7 years

<u>To calculate the annual depreciation, we need to use the following method:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (80,360 - 7,910) / 7

Annual depreciation= $10,350

<u>2022:</u>

Annual depreciation= (10,350/12)*2= $1,725

<u>2023:</u>

Annual depreciation= $10,350

5 0
2 years ago
Why are job referrals valuable to both job seekers and employers?​
Leto [7]
A successful referral makes an employee feel better about the company they work for
5 0
3 years ago
A firm practices the pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to b
Galina-37 [17]

Answer:

The correct answer is $7,500

Explanation:

So, the hiring cost would be:

Hiring quater × hiring cost

= 300 × $20

= $6,000

Firing Cost would be:

Firing cost = 100 × $5

= $500

= 200 × $5

= $1,000

Therefore, the total hiring and firing cost = $6,000 + $500 + $1,000

= $7,500

7 0
3 years ago
douglas pays selena $43,300 for her 30% interest in a partnership with net assets of $127,900. following this transaction, dougl
Katarina [22]

Selena receives $43,300 from Douglas for her 30% stake in a partnership with $127,900 in net assets. After this transaction, the capital account of Douglas should have a account balance of $38,370.

Douglas's Capital account balance

= Net assets x30%

= $127,900 x 30%

= $31,875

Therefore, Douglas's capital account should have a credit balance of $38,370

A financial repository's account balance represents the amount of money there is at the end of the current accounting period. It is the sum net assets of the balance carried over from the previous month and the net difference between the credits and debits that have been recorded during any given accounting cycle.

The amount due or the net debt may be shown in an account balance. The former is frequently depicted in financial accounts that include net assets recurring bills, like those for utilities or gym memberships. The latter, on the other hand, is reflected in accounts with negative cash balances, such as bank overdrafts.

Learn more about account balance here

brainly.com/question/28699225

#SPJ4

4 0
1 year ago
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