Answer:
The answer is given in detailed below along with headings separated for each part of the question
Explanation:
<u>External Competitiveness and Internal Alignment</u>
The comparisons with competitors with regard to the income received, some of which offer even high salaries in order to get the best individuals to work for them refer to as external competitiveness. While in the case of Internal alignment the comparison is done on the individuals job or skill level with each others and with the organisations objectives.
<u>Importance of External Competitiveness</u>
This is important depending on the goal of the organisations such that they provide attractive pay packages to retain their employees while ensuring that the labour cost is controlled so that it's products/services prices remain competitive in the market.
<u>Factors shaping the organisations external competitiveness</u>
The factors affecting the external competitiveness are as given below:
(1) Customs specific to both the organisations and its employees.
(2) Labour Market Competition
(3) The Competition in the market of product/service
These factors combined affect the level of pay an employee receives within an organisation.
I believe the answer is D. Bank
Answer:
It would need to charge at least 66,960 to break even.
But it should offer his normal fee
Explanation:
Sales revenue 736,000
Cost Labor (466,000)
Lease (49,300)
Rent (42,400)
Supplies (32,300)
Tom salary <u> (73,500) </u>
Operating profit 50,500
increase in labor cost 58,800
increase in lease 4,930
supplies increase 3,230
the rent is a fixed cost, it would not change.
Total incremental cost: 66,960
It would need to charge at least 66,960 to break even.
Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects
Yes this is true but you dont have to pay it back right after but it's best you pay it off before you buy something else so you dont go in debt
