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sdas [7]
3 years ago
15

3. What do you think Firestone did wrong in their approach in South America and the United States? Why do you think the company

waited so long to tell customers about the problem?
Business
1 answer:
Whitepunk [10]3 years ago
6 0

Answer:

I believe that this question is about the recall of defective Firestone tires on some Ford trucks and SUVs.

Recalls are not only embarrassing, they are also extremely expensive. On August, 2000, Firestone had to launch a massive recall in order to replace 23 million tires manufactured between 1991 and 1996. The recall itself costed almost $10 billion to Ford and Firestone (including closing factories and lost sales) and many more millions in lawsuits since more than 62 people died and more than 100 severe accidents happened.

First of all, both Firestone and Ford did everything wrong, Ford started the recall in Saudi Arabia while people in the US and South America were dying due to accidents resulting from exploding tires. They tried to keep the problem secret but it was simply too big.

They did everything to keep the issue because they knew about the magnitude of their failure, only the Takata airbag recall costed more money.  Most car manufacturers and auto parts suppliers are very big companies that move a lot of money, and any recall costs tons of money due to the number of cars produced and sold.

Ford reacted before Firestone, since most of the bad rep fell over them because consumers don't care who provides the parts, they care about the whole car. Until the US government intervened, Firestone kept trying to hide the problem. Japanese headquarters said it was an American problem and American management said they didn't know what was happening.

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A firm’s _____ is the percent of the total market for a product that is controlled by that company.
andrey2020 [161]
The answer is Market share

For example is the search engine product in US' Market.

In US , 60 % of internet users use google , 30 % of internet users use bing ( after it combined with yahoo), and the other 10 % use other search engine( such as Baidu,Naver, Geocities, etc).

From data above, we could conclude that Google has 60 % of market share in search engine product, Bing has 30 % marketshare, etc

4 0
3 years ago
Companies use Blank______ advertisements to tell people what a product is, what it can do, and where it can be found.
BARSIC [14]

Answer:pioneering

Explanation:

6 0
1 year ago
Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life
sergij07 [2.7K]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Carson Company purchased a depreciable asset for $280,000. The estimated salvage value is $14,000, and the estimated useful life is 10,000 hours. Carson used the asset for 1,500 hours in the current year. The activity method will be used for depreciation.

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(280,000 - 14,000)/10,000]*1,500= $39,900

3 0
3 years ago
Assume the following data for Casper Company before its year-end adjustments:
Ratling [72]

Answer:

a. Journalize the adjusting entry for the estimated customer allowances.

  • Dr Sales returns and allowances 10,500
  •     Cr Customer refunds payable 10,500

The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500

b. Journalize the adjusting entry for the estimated customer returns.

  • Dr Estimated returns inventory 8,000
  •     Cr Cost of merchandise sold 8,000

This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.

5 0
3 years ago
JUJU's dividend next year is expected to be $1.50. It is trading at $45 and is expected to grow at 9 percent per year. What is J
Kisachek [45]

Answer:

3.33%; 9%

Explanation:

Given that,

Expected dividend next year = $1.50

Trading at = $45

Expected growth rate per year = 9 percent

Dividend yield = (Expected dividend next year ÷ Trading amount) × 100

                        = ($1.50 ÷ $45) × 100

                        = 0.0333 × 100

                        = 3.33%

The capital gain of JUJU is same as the expected growth rate i.e 9 percent.

5 0
3 years ago
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