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mixer [17]
3 years ago
7

The Mayo Clinic in Minnesota is known for top-quality medical care. For decades, even presidents and dictators from around the w

orld flew to the Mayo Clinic to utilize its services. The Mayo Clinic used its reputation to create additional medical facilities in Jacksonville, Florida, and elsewhere. This is an example of a firm focusing its efforts on satisfying customer needs that ________________.
Business
1 answer:
ser-zykov [4K]3 years ago
6 0

Answer:

match its core competencies

Explanation:

The core competency of Mayo clinic is top-quality medical care. They have become so good at this core competency that they are globally sought after by even by presidents and dictators.

Their reputation developed by this core competency made them to also open new locations to meet customer needs.

You might be interested in
Customers are likely to be more price sensitive when
Murljashka [212]
They dont see the end benefit

Not 100% on this one
4 0
3 years ago
A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

Explanation:

Find the expected values of expanding to either country and pick the country with the highest expected value:

China:

= ∑(Probability of outcome * Outcome)

= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)

= -$300,000

Vietnam:

= (70% * 1,000,000) + (30% * -2,500,000)

= -$50,000

<em>Both countries result in an expected loss so company should not expand to either of them. </em>

3 0
3 years ago
Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years. John makes his first deposit on Ja
Goryan [66]

Answer:

Future value of John's investment

FV = A<u>(1+r)n+1 - (1+r) </u>

                   r

Fv = $3,000<u>((1 + 0.07)30+1 - (1 +0.07))</u>

                           0.07

FV = $3,000<u>((1.07)31 - (1.07)</u>

                            0.07

FV = $3,000 x 101.0730414

FV = $303,219

Future value of Bill's investment

FV = A<u>((1 + r)n - 1)</u>

                r

FV = $3,000 <u>((1 + 0.07)</u>30 - 1)

                          0.07

FV = $3,000<u>((1.07)30 - 1) </u>

                        0.07

FV = $3,000 x 94.46078632

FV = $283,382

The difference in the value of IRAs

= $303,219 - $283,382

= $19,837

The correct answer is A

Explanation:

In the first case, we need to apply future value of annuity due formula since deposits are made at the beginning of each year.

In the second case, we need to apply future value of an ordinary annuity formula since deposits are made at the end of each year.

6 0
3 years ago
LO 2.2Which of the following is not considered a product cost?
Usimov [2.4K]

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

7 0
4 years ago
Which of the following strategies seeks to increase the portfolio value by reinvesting current income in addition to capital gai
STALIN [3.7K]

Answer: D. Current income.

Explanation: A few examples of current income payments are dividends and interest payments. The current income investment strategies are those that attempt to increase the portfolio value by reinvesting current income in addition to capital gains. As such, they seek to identify investments that pay above-average distributions and is often of benefit to investors who desire reliable and high levels of income from an investment grade portfolio (short- and intermediate-term, investment grade corporate and agency obligations, and investment grade preferred securities).

4 0
3 years ago
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