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yarga [219]
3 years ago
6

How have the division and coordination of labor evolved at Merritt’s Bakery from its beginnings to today? 2. Describe how the sp

an of control, centralization, and formalization have changed at Merritt’s Bakery over the years. Is the company’s organizational structure today more mechanistic or organic?
Business
1 answer:
aniked [119]3 years ago
4 0

Answer:

When Larry and Bobbie first opened the bakery, labour allocation was not as complicated, but only 2 of them were involved. Larry used to make the cupcakes, and Bobbie used to decorate them to create them seem nice. Merritt's then went on to commit and administer the firm instead of executing tasks, which they used to perform on a daily basis since there were administrators, sales associates, and marketers.

When the firm began to grow, there was a command structure in place, with employees reporting directly to Larry as well as Bobbie. Merritts began recruiting additional executives as the business's effectiveness began to deteriorate as the firm grew, and management was constricted. When new employees joined the leadership team only a few people used to notify Larry and Bobbie.

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The Pecking Order view on capital structure:
irina1246 [14]

Answer:

c. Argues that a firm's first choice for capital is retained earnings as there is no informational cost associated with using retained earnings.

Explanation:

The Pecking order theory states that a business should first of all seek for internal funds (retained earnings) as a first choice of capital.

When internal funds are depleted, it can now look to debt as a source of finance.

In turn when debt options have been exhausted the last resort is to look for funding from equity.

So the Pecking order argues that a firm's first choice for capital is retained earnings as there is no informational cost associated with using retained earnings.

4 0
3 years ago
________ is the shift from people making their own fun to people purchasing it as goods and services.
Greeley [361]

The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.

<h3>What is commodification?</h3>

This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.

Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.

Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.

Learn more about commodification here: brainly.com/question/13235742

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6 0
2 years ago
Quinton had a gross income of $2741.67 during each day period in 2009. If he got paid monthly, how much of his pay was deducted
Ket [755]
2741.67 * 12 = 32900.04  <span>FICA rate is 7.65%  </span><span>32900.04 * .0765 = 2516.85 </span>
3 0
3 years ago
Read 2 more answers
Which federal agency ensures that all U.S. financial institutions follow banking laws and regulations?
marin [14]

Federal Deposit Insurance Corporation  ensures that all U.S. financial institutions follow banking laws and regulations

Explanation:

Federal Deposit Insurance Corporation is an important governmental institution which is the seminal institution in the following of the banking laws and regulations which is the prime responsibility of the federal agency in question.

They do this by looking at the deposit data and making companies regulate and follow the transit laws put in place by the trade laws of the country This is also the institution that covers the work of insurance.

3 0
3 years ago
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The new CEO of a struggling cell phone service provider is trying to revitalize the company by revamping its business strategy.
Sever21 [200]

Answer:

The CEO concluded that the youth market segment was not being served and for that reason he decided to fill that niche in the business by creating a business plan that took it into account.

Explanation:

A market niche is a marketing term used to refer to a portion of a market segment in which individuals possess homogeneous characteristics and needs, and the latter are not entirely covered by the general market offer.

The market niche is based on recognizing in the segmentation a new business opportunity arising from unsatisfied needs and then being economically exploited by a company, but it may also be because there are not enough companies to supply that need. As for a niche market we must understand certain basic things to be able to have a fruitful activity, one of those is that this must be broad enough to derive a business from it and another aspect to consider is that we must know if there is something competition, the latter is not necessarily something negative since we will know that there is already a public and therefore a demand.

5 0
3 years ago
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