Answer: add this flight because marginal revenue exceeds marginal costs.
Explanation:
Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.
Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.
Explanation:
Following is the correct matching of different social media activities with the objectives of the company.
Releases videos of its new, high tech smartphone manufacturing facility
To give consumers a peek into its operations
Hosts an online sweepstakes and gives the winners an extended warranty on a smartphone model
To increase brand loyalty
Gives bloggers a new smartphone handset before the model is on the market
To create consumer awareness about a new product
Ask customers to determine their next model using hashtag #NEWMODEL
To allow consumers to be part of product development
The concept of market conduct includes such things like profit , loss and assest growth targets.
Explanation:
Market conduct is used in insurance industry to describe the problems that are related to the sale and distribution of insurance. It deals with the pricing and promotion strategies based on the players in the market related to their aim , objective and desicion making process.
Based on this concept all consumers are seen as potential customers with similar needs. They have proper regulations to check the customers are charged fair and reasonable insurance prices.
They will also ensure whether the consumers have access to beneficial and compliant insurance products.
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
- Unique Value Proposition which is healthier bread and cake recipes
- 20 years experience in baking which translates to strong industry knowledge
Weaknesses
- Insufficient Equipment to go with
- Weak or zero visibility for new business
Opportunities
- Little or no competition as the recipes are unique to me
- Huge demand for healthier pastry especially in my current location
Threats
- The industry is heavily regulated and may be shut down if there are compliance issues
- One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.
Part II
Answer:
The persons I would give the business plan to are:
- An angel investor who I met on LinkedIn who supports small businesses and start-ups
- My banker of over 20 years
- I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
- I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
- Banks always have the funds but the funds come at a higher cost than the first two.
Cheers
You should include your name but I cant select all that apply you need to include it. I don't even know if it has name in it.
