Answer:
Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market
Explanation:
You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.
Answer:
Unit production is $4.9
Explanation:
Unit production per unit of materials=(materials WIP+cost of additional materials)/equivalent units of materials
materials WIP is $5100
cost of additional materials is $53000
equivalent units of materials is 23240
unit production cost per material=($5100+$53000)/23240
=$2.5
Unit production per unit of conversion costs=(Conversion WIP+additional conversion costs)/equivalent units of conversion costs
Conversion WIP is $3400
additional conversion costs $41000
equivalent units of conversion costs 18500
unit production cost per conversion cost =($3400+$41000)/18500
=$2.4
The unit production cost is $2.5+$2.4=$4.9
Planning and organizing of business success are reflected in this scenario.
Since the business proprietor is worried about analyzing the materials and equipment that are for use on an ordinary basis and he plans to shop for them in bulk. That is a clean instance of making plans as it entails the analysis of providers and equipment after which establishing them in order to shop for them in bulk.
Planning is the process of thinking regarding the sports required to obtain a preferred goal. Planning is primarily based on foresight, the essential potential for a mental time journey. The evolution of forethought, the potential to think in advance, is considered to have been a top mover in human evolution.
Organizing (management), is a procedure of coordinating mission desires and sports to assets. community organizing, wherein groups come together to act on their shared self-interest. expert organizing, an industry built around creating organizational structures for people and companies.
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<span>Three good indicators of just how well a company's present strategy is working are:
</span>1.Whether the company is acquiring new customers at an attractive rate as well as <span>retaining existing customers
</span><span>2.Whether the company is achieving its financial and strategic objectives and whether it is an above-average industry performer.
</span>3.Whether the firm’s image and reputation with its customers are growing stronger orweake
