<u>Full question:</u>
Christie has just started with a travel agency. and she has been offering clients and prospective clients a range of packaged tours. She is concerned. because the commissions she is earning on her sales are lower than she had hoped. Her colleague Peter. who has been with the agency for several years, is having a great deal of success by working closely with the clients. seeking their ideas. and building customized tour packages for each one based on their suggestions.Peter's approach is based on A. transaction-oriented marketing.B. premium C. Vlaue Cocreation D.sales-oriented marketing.
Peter's approach is based on value cocreation.
<h3><u>
Explanation:</u></h3>
Value co creation is one of the strategies used in the business. It is a business strategy that helps in creation and promotion of the involvement of the customers actively in creation of on demand and made to order products. By using this strategy they will get the exact product they are in need and they can also involve in understanding how those products are formed.
In the example given, The colleague of Christie, Peter is being working closely with the clients and he offers the services by asking the customer's ideas and their suggestions. Thus the approach followed by Peter is value cocreation.
Answer:
Break-even units = 66.67 units
Explanation:
<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>
<em>The break-even point is calculated as </em>
<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>
Contribution per unit = Selling Price - Variable cost
Contribution per unit = 15- (1+3+0.50) = 10.5
Fixed cost = 500 +( 50× 4) = 700
So the units requited to achieve break-even point:
Break-even point = 700/10.5
= 66.67 units
Answer :
The owners of a corporation are the __________ (shareholders of the company, board of directors, or management team members). The primary goal of the corporate management team is to (minimize or maximize) the shareholder's wealth by __________ (minimizing or maximizing) the company's (employee retention and efficiency, company's stock price, or company's production costs) over the long run.
Explanation :
Shareholders are the primary owners of the company who have company's common stock with expectation on their investment in form of dividends and share appreciation.
The primary goal of the corporate management team is to maximize the wealth of their principal (shareholders) who have entrusted them with their fortunes .
Shareholders' wealth maximization objective is achieved when management team invest in a viable project or reduce the operating costs of the company.
<h3>
Explanation:</h3><h3>Part (a):</h3>
Solved part is attached as an image.
<h3>
Part (b):</h3>
Let us first determine the amount required of each item to produce 1 bracket.
From the attached diagram, we can see that to manufacture 1 bracket, quantity of each item needed is,
Base = 1
Spring = 2
Clamp = 1 + 4 = 5
Housing = 2
Handle = (1 * 1) + (4 * 1) = 5
Casting = (1 * 1) + (4 * 1) = 5
Bearing = 2 * 2 = 4
Shaft = 2 * 1 = 2
Hence, for 50 Brackets, quantity of each item required will be,
Base = 1 * 50 = 50
Spring = 2 * 50 = 100
Clamp = 5 * 50 = 250
Housing = 2 * 50 = 100
Handle = 5 * 50 = 250
Casting = 5 * 50 = 250
Bearing = 4 * 50 = 200
Shaft = 2 * 50 = 100
<em>NOTE: The above quantities give exclusive quantities required for each item. In actual practice, we won't have to purchase base, clamp & housing separately as the will be assembled from their components which are already procured.</em>
<h3>Part (c):</h3>
As 25 bases are already in stock, parts for them will not be needed. I will refer the quantities subtracted due to this by indicating (B). Similarly, quantities subtracted due to clamps will be indicated as (C).
Base = 50 - 25 = 25
Spring = 50
Clamp = 250 - 100 - 25(B) = 125
Housing = 100 - (2*25)(B) = 50
Handle = 1 * 125 = 125
Casting = 1 * 125 = 125
Bearing = 2 * 50 = 100
Shaft = 1 * 50 = 50
Answer:
Total puzzles solved expected by an employee: 2.61
Explanation:
we multiply each outcome by the probability adn then add them together. Thus, we are doing a weighted-average
0 x 0.06 = 0.00
1 x 0.16 = 0. 16
2 x 0.19 = 0.38
3 x 0.32 = 0.96
4 x 0.24 = 0.96
5 x 0.03 =<u> 0. 15 </u>
Total puzzles 2.61
