Blanket orders are a long-term investment commitment to a supplier for items that are to be provided against short-term waivers to ship.
<h3>What is meant by blanket order?</h3>
A blanket order is a acquisition order the campus end user makes with its supplier that includes multiple delivery dates over a period of time, bargained to take advantage of predetermined pricing.
Also known as standing orders, blanket buy orders are used when a business needs the same goods on a frequent basis over a specified term, such as an entire year. The delivery schedule may/may not be predetermined.
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Answer:
D) satisficing
Explanation:
According to my research on different decision making strategies, I can say that based on the information provided within the question it seems that Robert is using satisficing to make a rational decision. This term refers to making a decision bases on the actions that will satisfy you with the minimum requirements necessary in order for you to complete a goal. This is what is happening by Robert making the list, he is giving importance to each item on the list and if he can get a couple of the important factors on that list then he will be satisfied with his new house, which is the goal.
decide on and pursue a course of action that will satisfy the minimum requirements necessary to achieve a particular goal.
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Answer:
selling the defective gloves as they are results in a $3,000 higher gain
Explanation:
the manufacturing costs of the defective gloves should be considered a sunk cost since they cannot be recovered:
alternative 1, sell defective gloves = $18 x 1,000 = $18,000 gain
alternative 2, repair the gloves and sell them at normal price = ($40 - $25) x 1,000 = $15,000 gain
alternative 1 (selling the defective gloves as they are) results in a $3,000 higher gain
Answer with Explanation:
My goal is to start a business totally based on a new idea with great potential to influence the lives of the people of America. For this I had worked on a startup idea for couple of years and continuously reforming it.
The biggest risks associated with this goal is funding problems, business risks, market research, innovation issues and Software designing issues.
Now these are some risks that I face but I overcome these challenges by:
Risks Solution
Funding Risk: By presenting my startup idea on a international competition by writing business proposal based on well researched market, product innovation and the financial prospect of the business. There are numerous accelerator programs operated by the state and other organizations that encourage startups and helps with numerous facilities. So I will also present my idea here to secure funding from a wider number of investors.
Business Risks: Giving special considerations to business risks and their mitigation strategies.
Innovation: The products will be innovative enough to generate handsome amount of profit and must be capable of giving tough time to its competitors.
Market Research: The best performing businesses know who their customers are and what they are desiring from them. So market research would capable of identifying my potential customers and that it must be representative of the sample taken.
Software Designing: The software design must be user friendly and must effectively resolve users issues. Furthermore, it must be continuously updated with better features and friendly functioning.
Answer:
$17,000
Explanation:
Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.
