Responsibility means that you accept the potential costs and obligations for the decisions you make. The term "responsibility" describes the duty to carry out specific tasks in order to get specific results. Only humans can be given responsibility by an organization; non-living things like machines, equipment, etc. cannot be given accountability.
It results from a relationship of authority and subordination. A senior has the responsibility to order his subordinates to complete the necessary work. He therefore gives obligations to subordinates for this reason. The management may limit it to the execution of a particular task or may make it a continuing duty.
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Answer:
Instructions are below.
Explanation:
Giving the following information:
The current market price of cloth shopping bags is $2.25
Target profit= 60%
First, we need to calculate the cost per unit to reach the target cost.
Target cost= selling price*(1-targert profit)
Target cost= 2.25*0.4= $0.9
Now, if $0.8 is the unitary total cost:
Cost= (0.8*100)/2.25= 35.5%
Profit= 100 - 35.5= 64.5%
<u>The company should manufacture the product because it reaches the target profit per unit.</u>
<u>Answer:</u>
A firm’s positioning statement should address their target segment. Anything else they’ll say in the positioning statement will have "no" meaning to customers who are not in that segment.
<u>Explanation:</u>
A comprehensive overview of individual's target market as well as a clear image of how one want the audience to view an individual's brand, thus understood as "positioning statement". Any promotional and advertising decision one make about an individual's brand will comply with their positioning statement and endorse this.
For example, Nike's positioning statement is "Nike builds confidence for serious athletes that provides the perfect shoe for any sport."The concept of the Positioning Statement consists of four parts:
- the target,
- the category,
- the differentiator and
- the payoff.
B.
Economies of scales is defined as lower average costs due to an increase in output, therefore you must identify where output is increasing, that being the cattle. The increase in profits can be attributed to the lower costs, which increased the profit margin.
