The word to fill the
blank space is <span>"interchangeable parts"</span><span>
<span>Eli Whitney (December 8, 1765 – January 8, 1825) was an
American best known for designing the cotton gin. This was one of the key
developments of the Industrial Revolution and formed the economy of the
Antebellum South.</span></span>
Answer: What is the best way to get his service to his target customers
Explanation:
Market research is the process of determining how viable a product will be after research has been conducted in the market. This is vital in getting opinions of customers.
Marketing mix are the marketing tools which an organization can use in order to pursue its marketing objectives.
The question that should be asked about the marketing mix placement is "What is the best way to get his service to his target customers". This is vital in knowing the best method to use in making the product available to the customers.
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: Emergent Strategy
Explanation:
An emergent strategy is an approach to take action not stated or planned in the initial stage but emerges and develops with time in an organization during an ongoing project as the organisation changes and advances.
This realized strategy helps to identify unforeseen circumstances that arises during implementation of task and therefore the organisation will have to incorporate the result from new strategy which will be beneficial in the long run especially for future purposes.
Here in Omnitone organisation, the coming up with new colors during experimenting with colors which became popular showed implementation of emergent strategy.
Answer:
Loss of $7,000
Explanation:
Data provided in the question:
Purchasing cost = $78,000
Residual value = $3,000
Useful life = 5 years
Selling cost = $8,000
Now,
Annual depreciation = [ Cost - Residual value ] ÷ Useful life
= [ $78,000 - $3,000 ] ÷ 5
= $75,000 ÷ 5
= $15,000
Therefore,
Accumulated depreciation of 4 years = 4 × Rate of depreciation
= 4 × $15,000
= $60,000
Therefore,
Book value at the end of 4 year = Cost - Accumulated depreciation
= $75,000 - $60,000
= $15,000
Since,
Book value at the end of 4 year is greater than the selling cost
therefore,
there is loss = Book value - Selling cost
= $15,000 - $8,000
= $7,000
Hence,
Loss of $7,000