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
jonny [76]
3 years ago
8

Carol is a vice president for sales and marketing at her company. She conducts a survey asking customers their impressions of th

e product offering, the quality of the product and their level of customer satisfaction. Carol can use the survey results to:
a. determine the most effective hiring strategy for recruiting future employees.
b. improve employee efficiency by identifying bottlenecks in the manufacturing process that slow down production and add cost.
c. identify the building blocks of competitive advantage and develop strategies to use them to increase profitability.
d. set pricing strategy for the company's upcoming product line offering.

Advanced factors of production are more likely to be rare and are harder to imitate. Strategically, managers who have identified these advanced factors should:

a. let these resources manage themselves as they are already working and don't require interference from a manager.
b. take steps to protect these assets, either formally or as a trade secret, optimize the company's use of them and not outsource them to other firms.
c. abandon them and start over to seek out different resources to develop, manage and utilize to make the company more profitable.
d. share them with competitors to improve the overall profitability of the industry.

The four building blocks of a competitive advantage have an interdependent relationship. Which of these describes a strategy that adds value to multiple factors as it goes through several activities in the value chain?

a. A grocery store recognizes that its checkout lines are longest between 4 and 7 p.m. on weeknights. The company decides to add cashiers during these peak hours even though it results in a lower rate of sales per employee-hour.
b. A sporting goods store recognizes the increased customer demand for running shoes in the early spring and implements a 5% price increase at the beginning of the season each year.
c. A coffee shop replaces its espresso machines with a newer model that utilizes less energy but creates the same quality of coffee drink.
d. In response to requests from customers for healthier food on the menu, a restaurant tweaks its recipe for its most popular sandwich to remove processed ingredients and replace them with fresh vegetables.
Business
1 answer:
leva [86]3 years ago
8 0

Answer: 1) Carol can use the surve results to . identify the building blocks of competitive advantage and develop strategies to use them to increase profitability and in this way try to get the most out of it.

2) Strategically, managers who have identified these advanced factors should <u>take steps to protect these assets, either formally or as a trade secret, optimize the company's use of them and not outsource them to other firms </u>because it is convenient to try that the competition does not find out about the use of this factor of production so that it cannot imitate them and thus be able to gain a greater market share to the competition.

3) The statement "in response to requests from customers for healthier food on the menu, a restaurant tweaks its recipe for its most popular sandwich to remove processed ingredients and replace them with fresh vegetables." describes a strategy that adds value to multiple factors as it goes through several activities in the value chain because the company's decision to use less processed ingredients and more fresh vegetables not only facilitates production but also responds to a customer need, which will value the products even more.

You might be interested in
Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her
vichka [17]
The answer is C. Page Setup
7 0
4 years ago
Read 2 more answers
The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account
pentagon [3]

Answer:

The Accounting Equation is: Assets = Liabilities + Stockholders' Equity. Thus, we will see how each transaction affects liabilities, assets, or, stockholders' equity.

a. Provide services to customers on account for $32,000.

Service revenue: $32,000 to stockholders equity.

Accounts receivable: $32,000 to assets.

b. Receive cash of $24,000 from customers in (a) above.

Cash: $24,000 to assets.

Accounts Receivable: ($24,000) to assets.

c. Purchase bike equipment by signing a note with the bank for $17,000.

Equipment: $17,000 to assets.

Accounts payable: $17,000 to liabilities.

d. Pay utilities of $3,200 for the current month.

Uitlities expense: ($3,200) to stockholders equity.

Cash: ($3,200) to assets.

5 0
3 years ago
Which of the following statements is true of an​ activity-based costing​ system?
eimsori [14]

Answer:

The correct answer is A. It uses separate predetermined overhead allocation rates for each activity.

Explanation:

he ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.

7 0
3 years ago
In Lopez Company, total material costs are $36,400, and total conversion costs are $55,080. Equivalent units of production are m
Elina [12.6K]

Answer:

Material cost per unit = $3.64

Conversion cost per unit = $4.59

Manufacturing cost per unit = $8.23

Explanation:

1. Calculate the unit cost for materials:

Material cost per unit = \frac{36,400}{10,000}

Material cost per unit = $3.64

2. Calculate the unit cost for conversion costs:

Conversion cost per unit = \frac{55,080}{12,000}

Conversion cost per unit = 4.59

3. Calculate the total manufacturing costs:

Manufacturing cost per unit = Material cost per unit + Conversion cost per unit

Manufacturing cost per unit = $3.64 + $4.59

Manufacturing cost per unit = $8.23

3 0
3 years ago
A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori
Mandarinka [93]

Answer:

17%

Explanation:

If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Emilee signed a rental agreement for her new condo. how long is her lease?​
    7·2 answers
  • Scientific and technological advancements in a specific industry as well as in society at large are included in which general en
    8·1 answer
  • When does a substance releases heat?? (it's about changing state of matter)
    15·1 answer
  • Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year.
    14·1 answer
  • Mr. jackson borrowed money from his bank and on his life insurance to start a business. his interest rate on the bank loan was 1
    5·1 answer
  • KylaKyla is buying clothesclothes. She can choose between blue jeansblue jeans​, khaki pantskhaki pants​, and black jeansblack j
    15·1 answer
  • Mayree is the owner of Spines Books, a small eclectic-style bookstore in a bustling college town. Mayree prides herself in selec
    9·1 answer
  • Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty loss in 2019 (the loss occur
    12·1 answer
  • Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to cust
    8·1 answer
  • Ellen and Uncle Moneybags make a contract where Ellen will buy Uncle Moneybags’ boat for $100,000 if Ellen gets a T.V. show cont
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!