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2 years ago

Match each situation with the term that best describes it. Use each term only once.

Business

1 answer:

Dmitry [639]2 years ago

7 0

Answer:

1. One of your subordinates only seems to respond to threats of punishment. What type of power should you use to motivate him?

h. <u>Persuasive power </u>

2. You manage a difficult subordinate who only cooperates when she feels that you have the formal authority to ask her to do something. What type of power should you use to motivate her?

b. <u>Legitimate power</u>

3. One of your subordinates looks up to you as a role model. What type of power should you use to motivate her?

a. <u>Personal power</u>

Explanation:

In any given situations there are different incidents that would require someone to apply different power in-order to manage the situation. This could be in form of motivation or deterrent method during the application of the power.

For example, in the case of the subordinate looking up to you as a role model, you should apply personal power in-order to motivate the person. the personal power will help you to build personal relationship between the subordinate and you.

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Carmex Lip Balm was created in 1937 by Alfred Woelbing and his wife in his family kitchen in Wauwatosa, Wisconsin. Over the next

WINSTONCH [101]

Answer:

1. b. Competitive

2. a. It should provide superior value in terms of lower price, and/or convenience, and accessibility

Explanation:

The competitive pricing is marketing strategy in which a product price is set after careful consideration of competitor's price. The pricing of a product is determined based on competitor's product price. The Carmax product moisture plus should follow competitive pricing strategy as the market is not in the mature stage.

The Carmax should offer lower price and create high value to the consumers. Carmax can gain competitive advantage by economies of scale and some unique features.

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3 years ago

In 2019, Wildhorse Company had a break-even point of $244,000 based on a selling price of $5 per unit and fixed costs of $97,600

Luden [163]

Answer:

unitary variable cost= $3

contribution margin ratio= 0.4

Explanation:

Giving the following information:

break-even point= $244,000

the selling price= $5 per unit

Fixed costs of $97,600.

First, we need to calculate the contribution margin ratio, we will use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

244,000= 97,600/contribution margin ratio

contribution margin ratio= 97,600/244,000

contribution margin ratio= 0.4

Now, we can calculate the unitary variable cost:

contribution margin ratio= (selling price - unitary variable cost)/seling price

0.4= (5 - unitary variable cost)/5

2= 5 -unitary variable cost

unitary variable cost= 3

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3 years ago

Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and m

yan [13]

The computation of the break-even point in dollar sales for each product is as follows:

Carvings = $234,400 ($46,880/0.2)

Mementos = $789,400 ($631,520/0.8)

<h3>What is the break-even point?</h3>

The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.

At the break-even point, the total costs are equal to the total revenue.

<h3>Data and Calculations:</h3>

Carvings Mementos

Sales $ 974,400 $ 974,400

Variable costs 779,520 194,880

Contribution margin 194,880 779,520

CM Ratio 20% 80%

Fixed costs 46,880 631,520

Income $ 148,000 $ 148,000

Break-even point = Fixed costs/CM Ratio

Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.

Learn more about the break-even point at brainly.com/question/15281855

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2 years ago

The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in

romanna [79]

Answer:

Option (c) is correct.

Explanation:

We know that beef is used as an ingredient or input in making hamburgers. If the price of the input i.e beef increases then as a result supply of hamburgers decreases because of the higher cost of production. This will shift the supply curve leftwards, its shows that lesser supply with same level of demand will lead to higher prices of hamburgers.

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3 years ago

A manufacturing company had been under pressure to increase profits, so it began to produce additional goods. The company was en

lara [203]

Answer:

C. Law of diminishing returns

Explanation:

Diminishing marginal returns is when a manufacturing firm experiences reduced returns as production increases. According to the theory of diminishing marginal return, a business experiences increased returns with the added inputs until it reaches its maximum production capacity. Additions inputs will not results in more output as production has already reached its peak.

Deploying additional inputs will result in reduced profitability. Inputs are a cost to a business. The additional expenses are not resulting in extra income as output is not increasing. The manufacturing firm was experiencing reduced profits per item because costs were increasing, but income was constant.

7 0

3 years ago