Answer: The answer is given below
Explanation:
A best-cost strategy is a strategy that is used by companies as they focus on low cost in order to give their customers better value for the money spent on the purchase of goods or services from them. The goal of this strategy is to keep the prices and costs lower when compared with the other competitors that offer similar products.
This strategy can be very successful in retail stores. Retail stores offer similar products to their competitors and using this strategy could help in making the store get more customers and hence push up its income.
For this strategy to work in such industry, firstly, the company will need to study its market very well, get to know its competitors, have a good working relationship with the manufacturers of different products, and have a friendly and amazing staffs who know what is and expected of them. With all these in place, success will be achievable.
An example of a firm in Jacksonville that is following a best cost strategy is
McDonald. The company over the years, has been successful and laid s foundation of offering fast-food meals that are of low prices and affordable.
Answer:
c. Independent samples t test
Explanation:
An independent samples t test is used in the above case. Independent samples t test are employed when comparison is between two independently groups. Independent samples t test compares the mean of two independent groups as in above to determine if there is a statistically significant difference between them for the purpose of making a decision. For example in the above scenario if there is a difference in the means, we can conclude that City A and city B residents do not travel same distance in miles
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
Answer:
increase price per ticket.
Explanation:
increase price per ticket in proportion to cost incurred.
set up an internal control system to ensure all revenue from ticket are well accounted for.
Answer:
C
Explanation:
An organizational suitability statement for employees points out the reasons why the organization think their experience and skills are suitable for the position they are applying for in the organisation.
A suitability statement, known as a personal statement, shows a summary of the key skills and experience you possess for a given job
Thus Orbiton Computer's failure can be attributed to the lack of organizational suitability meaning the employees are not suitable and dont have the required skills for this job. They need to find the adequate skills for the job.
