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3 years ago

What is the introduction of management ?

1 answer:

8 0

Management is a process of planning, decision making, organizing, leading, motivation of an organization to reach its goals in an efficient and effective manner.

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4. A manufacturer of microwaves has discovered that male shoppers, on average, have lower values for microwave ovens than female

madreJ [45]

Answer: As per the demographic structure there are equal no. of man and woman are same therefore pricing should be done by taking into consideration both equally.

Explanation: . The prime objective of every business is to maximize their profit and this could be only done when price charged for the product is reasonable. Thus, to secure the customer base company should sell simple microwave for $70 and the one with auto defrost $80. If the company places $70 for simple and $150 for auto defrost women might also not purchase the later one thus buy placing $70 and $80 on two types company will secure a strong base for males in simple microwave and additional male base of male in auto defrost along with females as the females will be having it at cheaper prices while some males may also purchase it as the auto defrost is suitably priced according to their valuation.

If the majority of shoppers is female then 480 should be priced for simple and $150 for auto defrost.

5 0

4 years ago

Every morning Pete buys a cup of coffee from the vending machine located down the hall in his office building. The location of t

kati45 [8]

The given statement "Every morning Pete buys a cup of coffee from the vending machine located down the hall in his office building. The location of the vending machine creates form utility for Pete" is False.

Answer: Option A

Explanation:

The vending machine's location for coffee is found down the hall though in his building, so he needs to put in extra work to get the coffee for himself every morning. The economic utility has four parameters, time; place; form; and possession.

Out of these 4, we are here the statement discussing form utility whereas the given statement could serve as an example of place and time utility. Form utility refers to the utility being such an accomplishment to the customer so as to imply full satisfaction which is not the case here.

6 0

4 years ago

Weyerhaeuser is evaluating its complete product mix. It wishes to decrease marketing expenditures and streamline its product off

Fofino [41]

Answer:

Decline

Explanation:

The product life cycle time can be defined as the process that a product undergoes beginning right from it's inception into the market until it declines or is removed from the market. The product life cycle has four stages namely:

- Introduction

- Growth

- Maturity

- Decline.

In the decline stage the sales of the product reduce drastically at a very high rate. The organization tends to lose a lot of shares in the market.

In the decline stage the product is threatened with low sales and eventual removal from the market if the company does not come up with a new designing and rebranding approach.

5 0

4 years ago

Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr

klasskru [66]

Answer:

beginning WIP 800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

We first, solve for the start and completed:

Unit Stated 25,200

Ending WIP(incomplete) 2,000

start and complete 23,200

Now, we solve for the WIP:

Transferred units 24,000

start and complete (23,200)

beginning WIP 800

7 0

4 years ago

Naylor Company had $153,600 of net income in 2016 when the selling price per unit was $155, the variable costs per unit were $95

Shtirlitz [24]

Answer:

Units in 2016:

X=12,126.66 units≅12,127 units in 2016.

Units in 2017:

Y=13,166.667 units≅13,167 units in 2017.

Explanation:

Computing the number of units sold in 2016:

Net income in 2016=$153,600

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2016=$574,000

Let say number of units to be X:

Equation from above data:

$\$153,600=(\$155-\$95)X-\$574,000\\\$727,600=60X$

$X=\frac{\$727,600}{\$60}$

X=12,126.66 units≅12,127 units in 2016.

Computing the number of units sold in 2017:

Net Income in 2017=$153,600+$62,400

Net Income in 2017=$216,000

Selling price per unit=$155

Variable cost per unit=$95

Fixed costs in 2017=$574,000

Let say number of units to be Y:

Equation from above data:

$\$216,000=(\$155-\$95)Y-\$574,000\\\$790000=60Y$

$Y=\frac{\$790000}{\$60}$

Y=13,166.667 units≅13,167 units in 2017.

8 0

4 years ago

What is the introduction of management ?​

What is the introduction of management ?