Answer:
b. blue ocean strategy
Explanation:
Instead of competing against rival companies in the mass-produced games market (red ocean), Adam is carving out his own market by offering the consumer a higher end product that, although is still composed of games, consists a in whole new segment with much less competition, if any (blue ocean).
Therefore, the correct answer is b. blue ocean strategy
Answer:
51.2 million
Explanation:
The computation of the annual demand is shown below:
As we know that the total annual setup cost and the carrying cost would be equivalent to EOQ
Since the total annual setup cost & carrying cost is $32,000
So, for each it would be $16,000
Now
Total number of orders is
= $16000 ÷ $200
= 80 orders
And, Total inventory carrying cost = 0.05 × (EOQ ÷ 2)
$16000 = 0.05 × EOQ ÷ 2
$32000 ÷ 0.05 = EOQ
EOQ = 640000 units
Now
Total demand = 640000 × 80
= 51200000
= 51.2 million
Answer:
Consider the following calculations
Explanation:
(1) Elasticity of demand = % Decrease in quantity demanded / % Increase in price
0.5 = % Decrease in quantity demanded / 10%
% Decrease in quantity demanded = 10% x 0.5 = 5%
New price = $100 x 1.1 = $110
New quantity = 100 x 0.95 = 95
New revenue = $110 x 95 = $10,450
(2) If elasticity of demand is 2, which is higher than 1, it signifies that demand is elastic. With elastic demand, total revenue will increase if price is decreased, so I should lower price.
Answer:
False
Explanation:
Benchmarking is a process of evaluating the overall or segmental performance of a business by comparing the performance in the relevant segment to the industry standard or to the performance of a competitor in order to identify opportunities for improvement that are within control, using .
In payroll benchmarking , relative metrics can be total cost to payroll , cost per $1000 revenue to manage payroll and others.
Total dollars and dollars per available rooms are not good metrics for payroll benchmarking.
Decrease in price of a substitute. Increase in price of a complement. Decrease in income if good is normal good.
