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ruslelena [56]
2 years ago
15

Explain the utility of statistics as a manegerial tool​

Business
1 answer:
Veseljchak [2.6K]2 years ago
5 0

Answer:

"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".

Explanation:

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By producing cars that do more than get riders to their destinations and back, mercedes-benz is addressing consumers’ ________ n
algol [13]

By producing motorcycles that do more than get riders to their destinations and back, Harley-Davidson is addressing consumers'<u> Functional and psychological</u> needs.

Harley Davidson was acquired through eastern-owned Kawasaki Motor Corporation LTD. Milwaukee, April 1, 2014 — Harley-Davidson, Inc. (HOG) has introduced a settlement to be obtained with the aid of Japanese-owned Kawasaki Motor organization LTD nowadays, Tuesday, April 1, 2014, for an undisclosed sum.

The stock Is Falling. Harley-Davidson inventory turned falling after the motorcycle maker stated its first-zone running income declined due to semiconductor shortages and other deliver-chain problems.

All Harley Davidson bikes for our marketplace are assembled within the US. Harley Davidson contracts elements to be products of diverse factories around the sector in places together as Germany, Taiwan, Japan, Mexico, and Italy.

Learn more about the Harley-Davidson here: brainly.com/question/17153630

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3 0
2 years ago
Can someone please help me with this journal prompt
Irina-Kira [14]

Answer: Go to Microsoft edge the new one and look it up

Explanation:

8 0
3 years ago
A few years ago, Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoy
Allushta [10]

Answer:

General Motors had more of a Production Orientation

Explanation:

The company which is production oriented focuses on the production and company's production processes and runs campaigns to sell the product produced or the product they are producing. General motors produced the products which it is good in producing the products and won the market against great giants like Ford, Toyota and German auto companies. Whereas Toyota was developing market which is newly born and started pricing their products on the basis of products that were desired (environmentally friendly products) and lost the market because of lost of market share as this market was in introduction phase and Toyota left a market which was at maturity. Then it is obvious that Toyota has revenue losses due to leaving its concentration and marketing of products to mature market and was busy in developing environmentally free products market in US.

7 0
2 years ago
Firm X and Firm Y both sell the same products at the same price; both firms are the same size with identical sales levels; Firm
Vika [28.1K]

Answer:

The options are given below:

A. Firm X

B. Firm Y

C. Same variability of operating profits

D. It would depend on tax effect on taxable income

The correct option is B. Firm Y

Explanation:

This is because firm Y has a higher operating leverage than firm X.

<u>Operating Leverage</u> refers to a cost-accounting formula that measures the degree to which a firm can increase operating income by increasing revenue. Operating leverage actually boils down to the analysis of fixed costs and variable costs, and it is highest in companies that have a high fixed operating costs in comparison with variable operating costs. What this means is that this kind of company makes use of more fixed assets. On the other hand, operating leverage is lowest in companies that have a low fixed operating costs when compared with variable operating costs.

Companies with high operating leverage are capable of making more money from each additional sale if they do not have to incur more costs to produce more sales.

Therefore, from the scenario given above, we can conclude that firm Y has a higher operating leverage than firm X, because firm X has lower fixed costs than firm Y, and a higher variable cost than firm Y as well. Hence, firm Y has the potential to make more operating profits from its business activities.

4 0
3 years ago
Suppose a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers i
wolverine [178]

Answer:

4/11 and 6/15 dressers.

Explanation:

Absolute advantage is the ability of a country to produce more of a product given the same resources than another country per unit time. It also applies when a country is able to produce same amount of goods with another country given less inputs.

So a country that produces more goods uses a more efficient process to get more output.

In this scenario a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers in a day. Canada has absolute advantage in producing lamps and dressers, so importing these items will not be beneficial.

To get a balance where both countries will benefit a lamp will have to go for a ratio of each countrie's product to the opportunity cost.

That is for Peru to produce 4 dressers it will have opportunity cost of 11 lamps. So the ratio is 4/11.

Also for Canada to produce 6 dressers it will have opportunity cost of 15 lamps. So the ratio is 6/15.

Lamp should trade for between 4/11 to 6/15 dressers for both countries to benefit.

4 0
2 years ago
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