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
goblinko [34]
2 years ago
8

Ralph, a regional sales manager, was asked to analyze whether his company should launch a marketing effort to become Right Foods

' produce supplier this year. He found that Fresh Green Veggies currently has a supply contract with Right Foods that has three more years in its term; RightFoods would have to pay Fresh Green $0.5 million to break the contract. Also, Fresh Green has installed automated ordering/billing software in RightFoods' home office; RightFoods would have to spend $100,000 to replace it and retrain its staff. He concluded that RightFoods' _______ costs would be too high to seriously consider a change in supplier, thereby recommending that a marketing effort not be launched this year.
Business
1 answer:
podryga [215]2 years ago
4 0

Answer:

Switching cost

Explanation:

Switching cost is defined as the cost that is incurred in the course of changing from one supplier to another.Switching cost can be in monetary terms like compensation and termination fees and also in non monetary terms like time , effort and psychological stress.

In the given scenario , the defined activities of Right foods and the intention of Ralph clearly point out the process of potential switch of suppliers , even as the potential switching cost of $0.5 million for termination and $100,000 for replacing of software and retraining of staff are apparent.

You might be interested in
Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Pl
Inessa [10]

That which is used by a seller to deceive a buyer is: a. Bait and switch

Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.

However, when they come to buy, they are encouraged to buy a good that costs more.

So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.

Learn more about the bait and switch tactics here:

brainly.com/question/981097

3 0
2 years ago
A company's interest expense is $15,000. Its income before interest expense and income taxes is $86,250. Its net income is $31,9
den301095 [7]

Answer:

b. 5.75

Explanation:

Times Interest earned ratio is the measure of ability of a company to pay the interest on its debts. It is the ratio of earning before interest and tax and interest expense as below.

Times Interest Earned Ratio = Earning before interest and tax / Interest Expense

Times Interest Earned Ratio = $86,250 / $15,000

Times Interest Earned Ratio = 5.75 times

5 0
3 years ago
Read 2 more answers
Changes in the prices of key commodities can have a significant impact on a company's bottom line. Energy is an input into virtu
andrew11 [14]

Answer:

B)The cost of energy for a company can be both a fixed cost and a variable cost.

Explanation:

Energy is a fixed cost because it is an utility that companies have to pay regardless of the level of production; they need energy to function.

Energy is a variable cost because energy is an input to production, and the amount of energy used (and hence its cost) can vary a lot depending on how much output is produced. In the question, ethanol is referenced, which is also a type of variable cost, because it is an energy source that depends on another input (corn), and its used as a substitue for gasoline.

8 0
3 years ago
Meili's employer distributes checks at the end of each quarter, representing an equitable portion of 5 percent of the company's
Goryan [66]

Answer:

profit sharing

Explanation:

profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.

6 0
2 years ago
In most markets, _____ is determined by the interactions of numerous buyers and sellers.
anastassius [24]

Buyers and sellers interact in a market to exchange commodities, services, or resources. Prices and trade volume are mostly influenced by how buyers and sellers interact in a "market."

The buyer-seller interaction process is viewed as a transaction in and of itself, with potential for numerous outcomes. The buyer-seller interaction, which is compared to the effect of advertising, is assumed to carry out any of the following five functions: raise awareness of each other's expectations about the product or service; remind each other of past successful transactions and their behavioral outcomes; reinforce each other's behavior related to the sale of the product or service; prompt behavioral actions on each other's parts by intensifying expectations; and persuade each other.

To learn more about interactions of buyers and sellers in market here

brainly.com/question/2976497

#SPJ4

4 0
1 year ago
Other questions:
  • Corporation produces a semiconductor chip used on communications. The direct materials are added at the start of the production
    11·1 answer
  • While demand is based on consumer purchases, supply is MOST LIKELY based on
    6·1 answer
  • The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMEN
    7·1 answer
  • Assume that a Parent owns 80 percent of a Subsidiary that has 6 percent preferred stock outstanding with a reported par value of
    11·1 answer
  • Recent news articles indicate that traditional retail outlets such as malls and big box stores are becoming less and less profit
    14·2 answers
  • Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Ma
    7·1 answer
  • Wasilko Corporation produces and sells one product The budgeted selling price per unit is $114. Budgeted unit sales for February
    6·1 answer
  • On January 1, 2013, Warfield Co. purchased a $600,000 machine, with a five-year useful life and no salvage value. The machine wa
    5·1 answer
  • Ballard Company uses the perpetual inventory system. The company purchased $10,000 of merchandise from Andes Company under the t
    5·1 answer
  • What is the gross income for a real estate agent in 2021?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!