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kherson [118]
3 years ago
5

Alex, a longtime hotel manager for Holiday Inn, was meeting with Sally, a new front-desk manager, and telling her about his rece

nt decision not to fire a front desk employee about whom several guests had complained. Alex discussed the four stages of the decision process. He said, "I first identified the problem, and then I gathered alternative solutions. I evaluated each choice and selected a solution. I then implemented my decision to not fire the employee but instead to provide him with additional training. Finally, I followed up with an evaluation of the solution I'd chosen." Alex is using the ______ process.
Business
1 answer:
Inessa [10]3 years ago
6 0

Answer:

Rational decision-making model

Explanation:

Rational decision-making model: It is one of the decision-making models which assume we have sufficient knowledge, information, resources, time and ability to evaluate and make a correct choice among different alternative we have.

There are six steps to Rational decision-making model:

  • Define the problem.
  • Identify the decision criteria.
  • Weight established criteria.
  • Using relative comparision.
  • Generate list of alternative.
  • Evaluate the alternatives.
  • Determine the optimum decision.
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Men who tried the Gillette Fusion razor were so satisfied with it that 60 percent of them adopted the product permanently. Men w
Reptile [31]

Answer: Repeat

Explanation:

 When the customers are adopting the product permanently and use in their daily life routine then, they known as the repeat purchasers. The repeat purchaser basically purchase the products very frequently.

The process of repeat purchasing basically indicate that the customer loyalty towards the particular brand and it maintain the customer relationship.

Therefore, if more than 60% of men purchasing the product Gillette fusion razor then they known as the repeat purchaser as they adopted the given product permanently.

6 0
4 years ago
A firm expects to sell 26,000 units of its product at $12.00 per unit and to incur variable costs per unit of $7.00. Total fixed
Sedaia [141]

Explanation:

Given that

Number of sales units = $26,000

Sale price = $12 per unit

Variable cost per unit = $7

Fixed cost = $80,000

So, the contribution margin per unit is

= Selling price per unit - variable cost per unit

= $12 - $7

= $5

And, the contribution margin in dollars is

= Number of sales unit × sale price - number of sales unit × sale price

= 26,000 units × $12 - $26,000 × $7

= $312,000 - $182,000

= $130,000

3 0
3 years ago
A key difference between the APV, WACC, and FTE approaches to valuation is: how debt effects are considered; i.e. the target deb
Over [174]

Answer: how debt effects are considered; i.e. the target debt to value ratio and the level of debt.

Explanation:

The Weighted Average Cost of Capital (WACC) values a project by using a discount rate that encompasses all the costs of raising capital. It therefore includes the effects of debt financing in that rate.

Adjusted Present Value (APV) on the other hand, takes the net present value of a project assuming it was solely financed by equity and then adds the present value of the benefits of debt financing such as interest tax shields and costs of debt issuance. Debt is therefore not included in the model like WACC and so considers the effects of debt differently.

5 0
3 years ago
what is the purpose of a debt service fund? Does a debt service fund require budgeting? why or why not?
kirza4 [7]

Answer:

The purpose of a debt service fund is to pay back long term debt issued to finance a specific government project alongside with the principal and interest accrued to it.

Part B: Yes

Explanation:

A debt service fund require budgeting because with budgeting, payments of debts are easily managed and it also ensures fund availability as at the moment it is needed.

4 0
3 years ago
Which of the following is notpart of the task of identifying the strategic issues and problems that merit front-burner manageria
Mariana [72]

Answer:

C)

Explanation:

Surveying a company´s board members, managers, select employees, and key investors regarding what strategic issues they think the company faces.

3 0
3 years ago
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