The drawbacks of the method adopted by CarMax were related to target markets and their Core values, market competencies, idea of Test drives before purchase of product, emergence of competitive companies with their Competitive products and development of a sustainable competitive edge.
CarMax is a vehicle retailer organization situated in US. It provides less expensive cars to customers mainly due to the large inventory that it owns. It provides the option of test driving of car before actually selling it. One of the major weaknesses of the CarMax was it outdated inventory management system. Some customers were even not satisfied with their car selling policies. The disruption in emerging technologies and Changing consumer behavior with huge variety of vehicles also posed certain challenges to the delivery services of CarMax.
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Answer:
37.2%
Explanation:
Payout ratio is the rate at which a firm distributes its net income. The payout ratio can be calculated as;
Payout Ratio = Dividends declared / Net Income
Payout ratio = $74,400 / $200,000 = 37.2%
Dentaltech Inc. has payout ratio of 37.2%
Answer:
Teller cost is a variable cost.
Explanation:
As shown in table attached below.
Answer:
An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. ... Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft
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