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Nesterboy [21]
4 years ago
8

Ambient Management, Inc. was experiencing a gap in the services it was providing. It closed the gap by ensuring that its custome

r-facing staff had the skills, training, and proper tools to perform their jobs. When compared with the gap model of service quality, the gap that the company addressed was between what ______.
Business
1 answer:
IrinaK [193]4 years ago
7 0

Answer:

standard set by the company and those delivered by the employees.

Explanation:

Gap model of service quality deals with providing the best of the services to the customers or improved services to the customers. It deals with bridging the gap between the customers expectations and employees services.

Gap model of service quality comprises of finding out the gaps and then working over it.

In this case where Ambient Management, Inc. was experiencing a gap in the services it was providing. It closed the gap by ensuring that its customer-facing staff had the skills, training, and proper tools to perform their job. For this purpose it dealt with the delivery gap which shows the difference between the services provided and expected by the customers.

This gap was filled by the company by providing proper training ,skills and resources to the customers.

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An unexpected frost in the orange groves of California would cause A. an increase in the supply of orange​ juice, decreasing the
stira [4]

Answer:

The correct answer is option D.

Explanation:

Unfavorable weather conditions in the orange groves would lead to a decrease in the supply of oranges. This will lea to an increase in the price of oranges. Since oranges are used as input in making orange juice the cost of producing juice will increase.

As a result, the supply of orange juice will decrease. This will lead to a leftward shift in the supply curve. This leftward shift in the supply curve will cause the equilibrium price to increase.

8 0
3 years ago
Calculate working capital based on the following:
Georgia [21]

Answer:

Working capital $550,000

Explanation:

Given that

The Current ratio is 2:1

Inventory is $200,000

And, the quick ratio is 1:7

Now as we know that

Current ratio = Current assets ÷ current liabilities

2.1 = Current assets ÷ current liabilities

2.1 current liabilities = current assets

And, the quick ratio is

Quick ratio ÷ quick assets ÷ current liabilities

1.7 = (Current assets - inventory) ÷ current liabilities

1.7 = (Current assets - $200,000) ÷ current liabilities

1.7 current liabilities = current assets - $200,000

Now put the value of current liabilities

1.7 current liabilities = 2.1 current liabilities - $200,000

$200,000 = 2.1 current liabilities - 1.7 current liabilities

$200,000 = 0.4 current liabilities

So, current liabilities

= $200,000 ÷ 0.4

= $500,000

Now the current assets = 2.1 × $500,000

= $1,050,000

Now the working capital is

= Current assets - current liabilities  

= $1,050,000 - $500,000

= $550,000

6 0
3 years ago
A nondiscriminating monopolist:
max2010maxim [7]

Monopolists do not prefer to produce in the when the demand for a good produced by them is inelastic. Option B is the correct answer.

  • It is common to observe that monopolists, avoid engaging production when the demand for their product becomes inelastic.
  • In order to understand this situation, it is important to address the meaning of inelastic demand.
  • The term 'inelastic demand' refers to a situation where the demand for a product does not increase/decrease (change) when there is an increase/decrease (change) in its price.
  • This does not lead to profits for a monopolist.
  • It is because, a firm will be able to secure profits by producing lower amounts of goods for a higher price when the demand is elastic.
  • Hence, when the demand is inelastic, the increase in the quantity will be sold at the previous standard price, leading to a fall in terms of the total revenue.

Therefore, it is clear that a monopolist will not produce when the demand for a good is inelastic.

Learn more about Demand Elasticity here:

brainly.com/question/5078326

#SPJ10

3 0
2 years ago
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
Andreyy89

Answer:

credit to interest revenue for $132

Explanation:

given data

face value = $8,800

interest rate = 6 %

time = 90 days

solution

if we see here journal entry that is

date                  particular                                   debit                      credit

October 30       cash A/C                                   $8932

                          to notes payable                                                    $8800

                          to interest revenue                                                $132

                          ( $8800× 6% × \frac{90}{360} )

so here credit to interest revenue for $132

6 0
3 years ago
Chang Lee is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of
Allisa [31]

Answer:

C) In today's dollars, Chang Lee's money is worth more than Soo Lee's

Explanation:

The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:

\frac{20000}{(1\ +\ .07)^{6} }

= 20,000 × 0.6663

= $ 13,327 approx

The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:

\frac{20000}{(1\ +\ .07)^{9} }

= 20,000 × 0.5439

= 10,879 approx.

As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.

6 0
3 years ago
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