Answer:
The correct answer is E. Share of customer.
Explanation:
Customer participation reflects the way in which customers take part in the process and the degree to which they participate. It is especially important for many service processes, particularly if the contact with the customer is (or should be) high. A good starting point to increase customer participation is to make the process more visible to the customer. Allowing customers to see what normally remains hidden from their view is part of Harvey’s service design, a Canadian chain of fast food restaurants. There you can see the workers in a sanitary and orderly workplace roasting the meat, and one can choose the type of additional ingredients you want. An even bolder step is to allow customers to participate in selected backroom processes, in order to turn them into shown processes.
Answer:
Alternative 1 $27.7
Alternative 2 $30.25
Differential effects $2.55
Explanation:
Preparation of a differential analysis
DIFFERENTIAL ANALYSIS
Sell unfinished desks(Alternative 1 ) Process further into finished desks (Alternative 2) Differential effect (Alternative 2)
Revenue per desk $65.35 $74.50 $9.15
($74.50-$65.35=$9.15)
Cost per desk - $37.65 -$44.25 -$6.60
($37.65+$6.60=$44.25)
Profit /Loss per desk $27.7 $30.25 $2.55
($65.35 - $37.65=$27.7)
($74.50-$44.25=$30.25)
($9.15-$6.60=$2.55)
Therefore the company should process further and sell finished desks because it yields incremental Profit per desk.
Answer:
Options A, B, C, and E.
(Please check the explanation section before you judge or pick your answer)
Explanation:
The options A, B, C, and E are the options that are considered complex if we want to Craft a strategy to compete in one or more foreign markets.
Please take note that if the question asked us to pick which of the options is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets then we would have picked Option D.
As given in the question, that is option D which says; '' buyer tastes and preferences creates challenges in standardizing products and services." Will not be a reason for crafting a strategy to compete in one or more foreign markets is inherently complex.
Countries due to globalization tends to participate in international trades. Competition in the international trade has its advantages as well as its disadvantages or risks.
To trade in the international market, countries must have their individual strategies and Option D above is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets
Answer:
The coefficient of correlation (r) is between 0 and 1 (0 < r ≤ 1).
Explanation:
If there is a positive correlation, it means the correlation coefficient is positive. This implies that both variables increase together, when X tends to increase, Y tends to increase.
A perfect positive correlation (in which all the points on a scatter plot lie on an ascending straight line) has a coefficient of correlation, r equals to one (r = 1).
Also, when the values of r are close to 1, it indicates a strong positive correlation while positive values closer to 0 indicate a weak positive correlation.
Answer:
The rate of return (RoR) of an investment calculates the net gain or loss of the investment over a period of time. Then this gain or loss is expressed as a percentage of the investment's initial cost. This return of return can be calculated as either the Internal Rate of Return (IRR) or the Minimum Acceptable Rate of Return.
The decision rule is based on ascertaining the economic attractiveness of a project. The rule states that if the IRR exceeds the MARR, it shows that the investment is economic and beneficial. If the IRR is less than the MARR, the investment is not economically beneficial. When the IRR equals the MARR, it implies that the benefits from the investment equal the costs.
The purpose of this decision rule is to ensure that beneficial economic decisions are during investment planning.
Explanation:
The IRR (internal rate of return) of a project calculates the discount rate at which the net present value (NPV) of all cash flows from a project equals zero. The MARR (minimum acceptable rate of return) or the hurdle rate is the lowest rate of return that the project must earn to offset the investment costs of the project. Therefore, the rate of return is a determination of the percentage change in the value of the investment at the beginning of the period and at the end.
