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Andrew [12]
3 years ago
5

One of the four seasons hotel's customer-defined standards is "staff will speak to guests in an attentive, natural, and courteou

s manner." this is an example of a(n) ________ customer-defined standard.
Business
1 answer:
galina1969 [7]3 years ago
6 0
Soft customer-defined standard.  
Opinion based measures that cannot be observed and must be collected by talking to customers(perceptions, belief) is called Soft customer-defined standard.
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If price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in t
navik [9.2K]

Answer:

produce at an economic loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

In a perfectly competitive market in long-run equilibrium, a long-run equilibrium avails firms the opportunity to adjust all inputs and all fixed costs are maximized. Also, it's characterized by free entry and exit, as such there isn't a fixed number of firms. This simply means that, since the number of firms in a long-run equilibrium can change, a firm must exit the market as a result of losses i.e when the firm is unable to cover its fixed costs in the long-run while new firms are allowed entry into the market when it anticipates potential profits or gains.

However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.

In a nutshell, in the long run equilibrium P=MR=MC and P=AC.

Hence, if price is greater than average variable cost and less than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will produce at an economic loss.

Additionally, Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.

8 0
3 years ago
Tim is a member of the sales department at FreshOveggie, a gourmet grocery store. One of hismajor tasks includes sending e-mails
Zina [86]

Answer:

D.

Explanation:

Variety of sales jobs: There are hundreds, maybe thousands, of different types of sales positions. Almost every good or service you know of has a salesperson who sells it to one or more people.

Types of sales jobs:

-Retail sales person. Sells goods or services to consumers for their personal use.

-Wholesale sales person. Buys products from manufactures and sell to other organizations.

-Manufacturer’s sales representative, typically sell directly to wholesalers or retailers.

-Order taker: usually will ask the customer what he/she wants or wait for the customer to order. They do NOT have a sales strategy and often use no sales presentation. Example: think of a waiter.

-Order getter: get new and repeat business using creative sales strategies and a well-executed sales presentation.

8 0
3 years ago
Companies place a considerable amount of attention on compensation plans because?
marusya05 [52]

Parties place a considerable amount of attention on compensation plans because: Attracting exemplary employees with good compensation packets can translate into a competitive edge.

<h3>What is the importance of compensation and benefits?</h3>

Compensations and benefits are important elements of human resource management as it helps the force keep going. These compensations support the workforce inspired to achieve more. It helps the community award its employees established on their performance and allows them to excel at every venture they undertake. When employees are a part of a team their compensation should be: founded on team performance, with supplemental rewards for those workers who make outstanding personal assistance.

To learn more about Compensations and benefits visit the link

brainly.com/question/17663670

#SPJ4

8 0
2 years ago
A business plan is a detailed written statement that describes the nature of the business, the target market, the advantages the
Nastasia [14]

Answer:

a. True

Explanation:

This statement is true, as the business plan is a document that contains all the detailed details of the business objectives, the actions necessary to achieve these objectives and goals.

An effective business plan will be one that will help to reduce the risks and uncertainties added to a business, helping to better position a new organization in the market. Included in the business plan are financial planning, marketing planning, operational planning and all the necessary steps for the company's activities to take place in an anticipated manner, increasing the potential of the organization.

7 0
3 years ago
Which practice places citizens under absolute state control?
denpristay [2]
Totalitarianism places citizens under absolute state control
5 0
3 years ago
Read 2 more answers
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