1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lubov Fominskaja [6]
3 years ago
8

Bob at Bob’s Furniture is looking at a perceptual map about customers’ ideas about his products. The attributes customers care m

ost about are price and comfort. They care less about aesthetics and quality. The attributes in which Bob’s products are doing worst are comfort and quality. They are doing best on price and aesthetics. Which attribute should be Bob’s priority as he tries to improve? a. quality b. comfort c. aesthetics d. price
Business
1 answer:
Stella [2.4K]3 years ago
7 0

Bob should prioritize on <u>b. comfort</u> to improve his business.

<u>Explanation</u>:

A perceptual map is a chart that represents the views of customers about specific attributes of a product, an organization, brand or service.

In the above scenario, Bob was the owner of Bob’s furniture. He was looking at the perceptual map about his product. He came to know that customers concentrate on price and comfort. His product was designed focusing on the price and aesthetics attribute. But customers never care about aesthetic and quality.

So Bob decides to give priority to comfort to improve his business. As they are already focusing on price, he decided to take additional care on comfort of the product.

You might be interested in
Describe the functions of SARB​
zavuch27 [327]

Answer:

The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.

8 0
3 years ago
Read 2 more answers
Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
ladessa [460]

Answer:

Quality control

Explanation:

Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.

4 0
3 years ago
The relevant range is that range of activity: Group of answer choices where a company achieves its maximum efficiency. where uni
Vikki [24]

Answer: where management expects the firm to operate.

Explanation:

Company planning is the duty of management and and they plan, they try to use a certain range of activity so that they can better predict how the company will go. That range is therefore the range that the management of the company expects the firm to operate.

When production actually starts, management will try to either keep to that range or exceed it so as to meet or exceed expectations. And even if they don't meet this expectation, they use this relevant range to compare to the actual range for performance evaluation.

4 0
2 years ago
Danny works for a company that matches his​ 401(k) retirement contributions at a rate of ​"$0.25 per​ $1" of his​ contributions,
Nadusha1986 [10]

Answer:

B $3000/year

Explanation:

The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year

7 0
3 years ago
Last week, an investigative reporter for a major metropolitan newspaper discovered that the doctors conducting clinical trials o
wolverine [178]

Answer:

FIRST QUESTION

A)Yes; CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus.

SECOND QUESTION

A)Pay the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth.

LAST QUESTION

MORE likely

Explanation:

We are informed from the question about an investigative reporter for a major metropolitan newspaper discovery about the doctors conducting clinical trials of a new cancer treatment drug are also the principal shareholders in Cancer Solutions Inc. And how The CFO was concerned that CSI might not be able to meet its annual performance objectives and in turn pay his anticipated multimillion-dollar bonus.

In this case there is an agency conflict that exist between CSI's CFO and the company's shareholders, this is because the, CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus.

Agency conflict in finance, is also regarded as conflict of interest, usually occur between the management and the shareholders of that company, it is conflict that usually emerge when those that are required for certain responsibility like interest of principal decide to divert the the authority for their own benefits. However,agency conflict can be minimized by allowing transparency and some ways.

It should be noted here that the CSI's CFO engaged in unethical conduct to manipulate the firm's short-term earnings and improve the likelihood of receiving his annual bonus which is the reason behind the conflict because he act on his own interest.

SECOND QUESTION,

Which of the following actions will help ease agency conflicts and better align managers' objectives with the firm's shareholder wealth?

From the explanation of Agency conflict from First question it should be noted that there are some actions that will help to ease agency conflicts and better align managers' objectives with the firm's shareholder wealth such as

Payment of the manager a combination of salary and stock options (phased in over several years) that reward him or her for consistently increasing shareholder wealth.

The payment of the stock options to the manager will allow selling of stock at agreed price as well as date.

LAST QUESTION

Amalgamated Metals Corporation's stockholders are mostly individual investors, and there is relatively little institutional ownership. If several pension and mutual funds were to take large positions in Amalgamated Metals Corporation's stock, direct shareholder intervention would be__MORE__ likely to motivate the firm's management.

4 0
3 years ago
Other questions:
  • The government imposes a $2.50 per-unit tax on the production of good x. as a result the
    13·1 answer
  • 4. Select an industry and consider how the industry life cycle has affected business strategy for the firms in that industry ove
    15·1 answer
  • Journalize all necessary transactions in the order they are presented in the transaction list. ​(Record debits​ first, then cred
    12·1 answer
  • Whenever Jane is successful she takes full credit for her success, but whenever she is unsuccessful she attributes her failure t
    15·1 answer
  • Price discrimination Question 29 options:
    14·1 answer
  • If the price level is fixed and autonomous expenditures rise by $40, then the multiplier model would predict that the aggregate
    13·1 answer
  • Before beginning to prepare for her upcoming presentation, Kay contacts the venue to determine what technology will be available
    11·1 answer
  • The fed pays ______ on the required reserves held by commercial banks, as well as the excess reserves the banks hold at the fed.
    13·1 answer
  • hedging, or reducing risk, is the same as adding value or return to the firm. group of answer choices true false
    10·1 answer
  • a country that has been relatively poor is starting to become wealthier this has brought many people into the capital city causi
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!