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 One of the major weaknesses of the CarMax was it outdated inventory management system.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:
a. Wholesale division.
Explanation:
The formula to compute for return on investment is shown below:
Return on investment = Operating Income ÷ Operating Assets
For Retail Division, it would be
= $2,500,000 ÷ $16,000,0000
= 15.625%
For Wholesale Division, it would be
= $6,000,000 ÷ $36,000,0000
= 16.67%
Based on the calculation, the wholesale division perform better
Answer: The correct options are;
Option C
Option E :
Explanation:
The recent crisis led to more debt to GDP ratio jumped from 69% in 2008 to 79% in 2009. This level is higher than the maximum in the Great Depression and the increase in percentage points over two years is the same as that over six years during the great depression
Also,
The banking system was not hit hard during the great depression because the central banks of different countries were less coordinated, had different
objectives and policy instruments and some countries still had obligations and/or debts from
World War I. All countries had separate currencies, and lenders of last resort did not exist to
the extent they do today.
According to a discussion paper titled "The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given
Different Foster Parents".
Answer: $150000
Explanation:
The Personal Umbrella Policy helps in the provision of protection against a catastrophic judgement. Also, the excess liability insurance will be provided in amounts starting from $1-$10 million.
Based on the information given in the question, the amount that the insurer will pay under TIna's umbrella policy will be:
= $400,000 - $250,000
= $150,000
Like some where from couple billions to even trillion rupees.