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mylen [45]
3 years ago
12

Jameson manages a well-known cell phone company. This company has been voted as having the best cell-phone service. Consumers ap

preciate the fact that they can call from almost anywhere in the world and the service still gets through. Jameson knows that the company's product far surpasses that of the competition. One thing has been bothering him, though. In order to put so many resources into ensuring the best service, Jameson has cut back on employees at the firm's customer call center. Recently, consumers have begun complaining about long wait times when they call in with a problem or concern. Although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. Jameson does not understand why consumers are getting so upset. He believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "After all," he says, "They can't have it all. If I invest more in customer service, that means less investment on ensuring the quality of our product offering."Refer to Scenario 1.1. Jameson has asked you, a marketing consultant, to give him advice. He cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. You suggest that Jameson has a narrowly defined view of the company's product offering. You tell Jameson that successful marketers should define their products as what they ___________________.a. makeb. cost customersc. do to satisfy customersd. producee. deliver
Business
1 answer:
jek_recluse [69]3 years ago
4 0

Answer:

The correct answer is c. do to satisfy customers

Explanation:

Creating a customer-centered culture is mandatory for any business. Customer care has never been more important. Today, a dissatisfied customer has the ability to share their opinions on social networks or the Internet and negatively affect our business.

Many businesses are failing to provide a correct experience. Creating a satisfactory experience in our clients, through cultivating and helping to develop a relationship with our company, is an opportunity not insignificant. Creating these types of relationships can help positive opinions have greater reach and diffusion.

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Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the comp
Nitella [24]

Answer:

All of the options are false.

Explanation:

The net income is an element that increases the owners' equity while dividend paid reduces it. Both are elements of the cash flows for operating and financing activities respectively.

Considering the information given;

Acquired $9,000 cash by issuing common stock - This is an inflow of cash and forms the owner's equity balance at the start of the year.

During Year 1, the company earned cash revenues of $4,500, paid cash expenses of $3,750 - These are elements of the income statement and will result in a net income of $500 ($4,500 - $3,750 - $250).

and paid a cash dividend of $250 - This is a reduction in the owner's equity and is a cash outflow.

Now a review of all the options;

a. The 2016 statement of cash flows would show net cash inflow from operating activities of $2,450. - Net  cash flow from operating activities is $750 (($4,500 - $3,750). Hence this is false.

b. The 2016 income statement would show a net income of $1,300. - As shown in the consideration, this is false.

c. The 2016 statement of cash flows would show a net cash flow from financing activities of $9,700.  - Net cash flow from financing is

= $9000 - $250 = $8750

d. The December 31, 2016 balance sheet would show total equity of $15,750 - Total equity

=$9000 + $4,500 - $3,750 - $250 = $9,500

Hence all of the options are false.

7 0
3 years ago
Which career pathways require arm and hand steadiness as a qualification?
Zanzabum

Answer:

C.

Explanation:

Therapeutics, Support Services, and Diagnostics

7 0
3 years ago
In a short-run model of a large open economy with a floating exchange rate, net capital outflow ______ as the domestic interest
balandron [24]

Answer:

1. decreases

2. decrease

Explanation:

When Domestic interest rate increases, as a result of floating exchange rate, the net capital outflow decreases which in turn leads to most goods to be used internally, instead of exporting it abroad, there by reducing the level of exports.

Hence, All things being equal, it is assumed or believed that, In a short-run model of a large open economy with a floating exchange rate, net capital outflow DECREASES as the domestic interest rate increases and is just equal to the DECREASE in net exports.

8 0
3 years ago
New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $69,300 in cash. The book values and fair va
julsineya [31]

Answer:

Amount paid for goodwill is $24,900

Explanation:

Note: The data in the question are merged and they first sorted before answering the question as follows:

                                                          Book Value            Fair Value

Current assets                                     $ 28,700               $ 22,300

Property, plant, and equipment             47,800                 52,600

Other assets                                             3,500                    5,800

Current liabilities                                      15,100                  14,900

Long-term liabilities                                 29,000                21,400

The explanation of the answer to the question are now provided as follows:

Generally, goodwill refers to an intangible asset of a company and it can be in different for such as intellectual property, brand, commercial secrets, and reputation.

Amount paid for goodwill of an acquired company can be estimated by deducting the fair value of  net identifiable assets acquired from the consideration paid.

For this question, fair value of net identifiable assets can be calculated as follows:

<u>Particular                                                  Fair Value ($)  </u>

Current assets                                               22,300

Property, plant, and equipment                   52,600

Other assets                                                    5,800

Current liabilities                                          (14,900)

Long-term liabilities                                <u>      (21,400)   </u>

Fair value of net asset                         <u>        44,400    </u>

Therefore, we have:

Amount paid for goodwill = Cash consideration paid - Fair value of net asset =  $69,300 - $44,400 = $24,900

6 0
3 years ago
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s cur
LiRa [457]

Answer:

Trend Analysis helps to interpret the changes in account balances over certain period of time. Trends in percentages is presented in the table below.

* Excel solution is attached for your reference.

Explanation:

For Rotorua Product Ltd, data trends (in percentages) can be computed using the following formula:

                       Trend in % = (Current Year ÷ Base Year) × 100

                          where: Base Year is assumed to be Year 1

                                      Year 1 Year 2  Year 3   Year 4     Year 5

Sales                                 100.0% 107.9%     112.0%   121.0%     127.7%

     

Current Assets    

Cash                                   100.0% 132.5%   112.6%     90.1%      95.4%

Accounts receivable, net   100.0% 102.9%   107.1%     119.7%      136.8%

Inventory                           100.0% 108.3%   104.2%     109.9%     113.6%

Total current assets           100.0%  108.1%    105.6%     111.8%      119.9%

     

Current liabilities                   100.0% 108.5%   103.7%     105.5%      128.0%

Download xlsx
5 0
4 years ago
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