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Roman55 [17]
3 years ago
9

What business approach has enabled walmart to drive prices down and react to market conditions more quickly?

Business
2 answers:
MatroZZZ [7]3 years ago
8 0

Answer:

(C) Supply chain management system

Explanation:

This is the business approach that has enabled Walmart to drive prices down and react to market conditions more quickly. Walmart has been able to achieve this through supply chain management. This refers to the control of the flow of goods and services involved in production. This production usually refers to the whole process of transforming raw materials into final products. Producers who employ this strategy usually do so in order to gain a competitive advantage.

oee [108]3 years ago
3 0

Answer:

C) Supply chain management system

Explanation:

Supply Chain Management (SCM) includes all processes that transform raw materials into final products in order to maximize customer value and gain a competitive advantage in the marketplace. SCM covers everything from production to product development to the information systems needed for the best management.

The supply chain cycle of Wal-Mart includes procurement, manufacturing, distribution, retailing. As a retailer, Wal-Mart has to source its products from vendors domestically and globally, this creates a more effective supply chain that allows for lower prices.

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Suppose that the government imposes a​ $2 a cup tax on coffee. The rise in the price of a Starbucks coffee will be​ ______, coff
Scrat [10]

Answer:

increase, decrease

Explanation:

In simple words, when the tax was imposed on the product the company will ultimately bear it to the final consumer which means the price will rise. However when the price of the product rises the demand for that product decreases due to the fact that many individuals would not be able to buy it now from their limited income, this phenomenon is called price elasticity due to income.

5 0
3 years ago
The techniques used by systems analysts to identify or extract system problems and solution requirements are known as
OlgaM077 [116]

Answer: requirements discovery

Explanation:

The techniques used by systems analysts to identify or extract system problems and solution requirements are known as requirements discovery.

A requirements discovery is simply defined as the process and tools that are typically used to identify the system requirements for the users of a system that has been proposed.

A system requirement helps to describe the desires and needs for an application or a system. The system requirement describes the features, functions, and constraints.

7 0
3 years ago
The phone bill for a corporation consists of both fixed and variable costs. Refer to the​ four-month data below and apply the​ h
tatiyna

Answer:

$3,799

Explanation:

The total bill amount is

Before that The computation of the fixed cost and the variable cost per minute by using high low method is computed

Variable cost per minute = (High bill cost - low bill cost) ÷ (High minutes - low minutes)

= ($4,500 - $2,630) ÷ (480 - 160)

= $1,870 ÷ 320

= $5.84

Now the fixed cost equal to

= High bill cost - (High minutes × Variable cost per minute)

= $4,500 - (480 × $5.84)

= $4,500 - $2,803

= $1,697

Now the total bill would be

= Fixed cost + expected minutes × variable cost per minutes

= $1,697 + 360 × $5.84

= $1,697 + $2,102

= $3,799

4 0
3 years ago
Andrew wants to play baseball with his friends. Before Andrew can play, his parents tell him that he has to clean his room, whic
Dafna1 [17]

Answer: b) The Premack Principle

Explanation:

Premack principle is the reinforcement method in which high probable behavior, attitude or activity is used to reinforce less expected behavior or act.This intends to make a person involved in less expected activities through more likely reinforcer act.

According to the question,Andrew's parent s are using premack principle by asking him to clean his room which is less -expected activity through high expect activity of playing.

Other options are incorrect because escaping attitude,punishment or positive reinforcement are not the reinforcement process to reinforce low probable behavior through  high probable behavior.Thus, the correct option is option(b).

7 0
3 years ago
The primary concerns when first starting your business are:
const2013 [10]
The primary concerns when first starting your business are: financing and planning
8 0
3 years ago
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