1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svlad2 [7]
2 years ago
15

What is the difference between productive and service oriented professions Explain with examples​

Business
1 answer:
Ghella [55]2 years ago
5 0

Answer:

Explanation:

Product vs Service Business

While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.

Local or Global Consumer Markets

In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.

pl. make it as brainliest if it's helpful to you...!!

You might be interested in
Which Command Staff member approves the Incident Action Plan and all requests pertaining to the ordering and releasing of incide
____ [38]

Answer: Incident commander

Explanation: Incident commander is that individual on whose authority, the whole team responding to an incident will act. Incident commander is responsible for setting priorities and objectives while acting on an incident.

These types of designations are usually given to the heads of relief teams acting on some disaster or natural calamity.

Hence from the above we can conclude that the right option is D.

4 0
3 years ago
Erica and Brett decide to form their new motorcycle business as an LLC. Each will receive an equal profits (loss) interest by co
KATRIN_1 [288]

Answer:

$58,500

Explanation:

The outside basis is defined as the tax basis that a partner has on the partnership. To find it, the value of all the resources contributed by the partner is taken and the debt relief and any debt assigned is subtracted. To solve this exercise, we should follow these steps:

1. Determine the contributed capital.

According to the problem statement, Brett provided cash ($ 9,500) and a building (here the value of the adjusted base, $ 39,000, is taken). Therefore, the total contributions are $48,500.

2. Calculate capital increases.

The partnership obtained a loan for $59,000, which was shared equally among the partners. Therefore, Brett received 50%, that is, $29,500.

Now, we must add the contributed capital plus capital increases:

48,500+29,500=78,000

3. Calculate mortgage debt issues.

The nonresource mortgage is 44,000, a value that exceeds the basis of the contributed property. In that case, the surplus is taxed to the contributing partner. To determine it, simply subtract the nonresource mortgage less adjusted basis of the building:

44,000-39,000=5,000

On the other hand, the remaining mortgage on the building is calculated, by dividing the value of the adjusted base of the property, in this case, 39,000 by 2, which results in 19,500.

Therefore, mortgage debt issues are equivalent to:

5,000+19,500=24,500

We add the contributed capital plus capital increases plus mortgage debt issues:

78,000+24,500=102,500

4. Subtract debts.

The partnership assumes the nonrecourse mortgage (which is computed as a debt) for 44,000. Because this component is not covered entirely by Brett, then this amount must be deducted from his individual tax base.

Therefore:

102,500-44,000=58,500

58,500 is Brett´s outside tax basis in his LLC interest.

On a balance sheet, we can see it as follows:

Particulars                                Amount in $

Cash                                                9,500

+Adjusted basis of the                39,000

building

+50% profit sharing ratio            29,500

+Nonrecourse mortgage               5,000

less adjusted basis

+Remaining mortgage on            19,500

building

TOTAL                                             102,500

-Debt on building                          (44,000)

Outside tax basis                          58,500

7 0
3 years ago
The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market. Alt
Alex Ar [27]

Answer:

C. groupthink

Explanation:

According to my research on in the field of psychology, I can say that based on the information provided within the question this scenario illustrates the concept of groupthink. This is a psychological phenomenon which states that the desire for maintaining a cooperative and harmonious nature within a group leads individuals in that group to behave irrationally leading to bad decision-making choices. Which is what is happening in this scenario since Mikhail isn't voicing her opinion in order to maintain the same group dynamic.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Bon Temps' financial statements show the following information: Average cost of funds 10.0 %, EBIT $ 500,000, Total capital $1,2
s344n2d4d5 [400]

Answer:

1. $225,000

2. $40

Explanation:

1. The computation of company's economic value added is shown below:-

= Earning before interest and tax × (1 - Tax rate) - (Total Capital × Cost of capital)

= $500,000 × (1 - 30%) - ($1,250,000 × 10%)

= $350,000 - $125,000

= $225,000

2.  The computation of market price per share is shown below:-

= Earning per share × Price per earning ratio

= $2 × 20

= $40

3 0
3 years ago
What is management ?​
kkurt [141]

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

3 0
3 years ago
Other questions:
  • 9 The HR planning at the National Level is generally done by __________.
    9·1 answer
  • A young thomas edison makes 20 light bulbs a week in his dorm room. the parts for each light bulb cost $2.00. he sells each ligh
    13·2 answers
  • On its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2009 balance sheet,
    14·1 answer
  • You expect to receive $20,000 at graduation one year from now. you plan on investing it at 6 percent until you have $100,000. ho
    14·1 answer
  • Define what is meant by the phrase "planning materiality threshold"
    14·1 answer
  • Pls helpppp!!! I don’t know and idkk
    5·2 answers
  • Which statement provides the correct information regarding the parts
    12·1 answer
  • A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $105,000 at the time the roof was des
    13·1 answer
  • You're prepared to make monthly payments of $465. Beginning at the end of this 20,031 month, into an account that pays 12 percen
    13·1 answer
  • Three individuals, Mary, Jack and Helen, make up the total demand for donuts per month in a particular market.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!