Answer:
a) Increase demand through TQM initiatives
b) Offer attractive credit terms
c) Seek excellent product designs, high awareness, and high accessibility
e) Seek the lowest price in their target market while maintaining a competitive contribution margin
g) Reduce labor costs through training and recruitment
Explanation:
Chester by pursuing the top five targets listed above would Have a competitive advantage among it's competitors. First their total quality management strategy(TQM) would increase customer satisfaction and spiral their demand growth. Secondly attractive credit terms would increase demand by encouraging customers that require credit facilities for their purchases. Excellent product designs and more awareness would increase product quality while also bring more awareness to the business. Reducing price would also increase demand and since they'd be able to keep a competitive contribution margin they would be able to stay ahead in the market. Lastly reduction in labour costs will have a ripple effect on the whole business as costs will be reduced and cost of goods will be reduced to ensure lower prices and high demand
I would recommend putting it in to a high interest savings account rather than a normal one a company like s&p 500 is a safe bet for the stock market though it’s up to you just make sure your diversifying your savings so you might want to go half and half with stock and a high interest savings account but with inflation overall the stock market is the best Choice.
Answer:
Net Operating income of the company is $88,000.
Explanation:
Segmented Income Statement
Consumer Commercial Total
Sales revenue 390000 530000 920000
Less: Variable cost 179000 265000 444000
Contribution margin 211000 265000 476000
Less: Traceable fixed cost 59000 64000 123000
Segment margin 152000 201000 353000
Less: Common Fixed cost 265000
Net Operating income 88000
