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zubka84 [21]
3 years ago
6

New Coffee Company, LLC uses JIT (just-in-time) logistical supply methods. This indicates that the company doesn't really keep l

arge stocks of coffee on hand, which is cheaper from the standpoint of operations, but more risky because of the potential havoc any significant under- or over-supply of product could wreak. Which of the following ratios is of the utmost importance to New Coffee Company?A. Debt-to-assets ratiosB. Inventory turnover rationsC.Average collection period ratiosD. Current ratios
Business
1 answer:
Leona [35]3 years ago
4 0

Answer:

B) Inventory turnover ratios

Explanation:

Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.

One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.

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The price of coffe beans use to make coffee has decreased. At the same time, the price of cream (a compliment good) has increase
Sonbull [250]

Answer:

The correct answer is:

Equilibrium price will decrease; the effect on quantity is ambiguous. (D)

Explanation:

First, note that if the price of coffee beans, used in the manufacture of coffee decreases, the price of coffee sold to consumers will decrease, because it takes a lesser amount in manufacturing than it used to, therefore this reduction in manufacturing costs is reflected in the selling price.

Next, it is hard to tell whether this reduction in equilibrium price will affect quantity demanded, because, at the same time, the price of cream ( a complementary good) increases, and since both goods are complementary, they are bought together, and the effect of the reduction in the price of coffee might not necessarily caused an increase in the quantity demanded because this effect is cancelled out by the increase in the price of cream, hence the effect on quantity is ambiguous.

7 0
3 years ago
________ is conceptualized as consisting of six steps which include problem definition, developing an approach to the problem, r
Finger [1]

Answer:

A) The marketing research process

Explanation:

Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions.  It consist of the systematic process of planning and executing marketing objectives  and also solving marketing related  problems

Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.

3 0
3 years ago
Guest expectations +____________=guest satisfaction
avanturin [10]

Answer: C. Perceived Value

Explanation:

When we speak of Perceived value, we speak of how a customer evaluates a good or service in relation to how well it served them especially in relation to similar good or services.

It is essentially the customer, ranking a good or service in terms of how well they feel it fulfilled it's intended purpose.

When guests to an Establishment come with expectations for instance, how well the guests think these expectations are met (perceived Value) is what determines the overall satisfaction of the guest.

Hence the formula, Guest expectations + Perceived Value = Guest Satisfaction

7 0
3 years ago
Karen is designing a process for issuing checks and decides that one group of users will have the authority to create new payees
Nataly [62]

Answer:

D. Separation of Duties

Explanation:

Separation of duties also know as segregation of duties refuses that one person he responsible of acquisition of assets, their custody and related record keeping. The process in which Karen is using to prevent fund by separating individuals who as the authority to issue checks is known as separation of duties. It is a form of internal control aimed at reducing risk of errors and frauds.

4 0
2 years ago
Organizations using a matrix structure Multiple Choice
kherson [118]

Answer:

D. contain multiple overlapping command structures, in which all employees report to three or more managers.

Explanation: Matrix structure is a type of organisational structure used by some companies to accomplish some projects where juniors/subordinates engaged in the project will have to report to two bosses like the process owner and the project manager,in matrix their is an interlinked reporting pattern where a particular subordinate reports two or more bosses.

the main disadvantage of this structure is the problem of authority where subordinates may not be able to know who and how to report some issues.

7 0
3 years ago
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