Answer:
business rules
Explanation:
Business rules define how a business will execute a certain process. For example, establishes the conditions where products can be delivered without any extra charge or fee: if the purchase amount is over $500, or within a 5 mile radius.
It establishes the parameters at which the business will operate. An employee should always be able to determine if a business rule allows or not a process to be performed, no gray areas should exist. Following with our previous example, if the purchase adds up only $450, then a delivery fee should be charged, or if the customer lives 7 miles away.
Core competencies are the resources and capabilities that comprise the strategic advantages of a business
Answer:
Option (c) Marginal cost of fifth unit = $20
Explanation:
According to the scenario, computation of the given data are as follows:
1)
Option (b) : Marginal cost is the change in the total cost of firm due to one unit change in output.
We can calculate the marginal cost by using following formula :
Marginal cost = Total cost ÷ Quantity
2)
Marginal cost of fifth unit = Total cost at unit 5 - total cost at unit 4
= $160 - $140
= $20
Answer:
Physiological needs
Explanation:
Abraham Maslow developed the need hierarchy theory of motivation. As per him, the urge to fulfill a need by an individual serves as primary factor of motivation.
Maslow specified the following needs in their order of hierarchy i.e from lowest to highest:
- Basic Physiological needs: These correspond to an individuals basic needs such as food, shelter , clothing etc.
- Safety Needs: Refers to security needs both physically and financially.
- Social Needs: Refers to the need for love, affection and friendly ties.
- Self Esteem Needs: Refer to an individual's self respect and self confidence.
- Self Actualization Needs: Refers to the need of utilizing one's full potential and capability.
In the given case, the vendor pays it's employees a higher wage than the minimum wages. These wages would help employees satisfy their basic physiological needs as conveyed by the term, "living wage".
Henry should concentrate on<u> Promotion </u>to distinguish his retail store.
<u>Explanation:</u>
In the Marketing mix, there are seven P's which are very important. For business to be successful, the retailer should concentrate and evaluate the formula of these seven P's. There are price, promotion, product, people, positioning, packaging and place.
Since the place, product, price of Henry is also the same like that of the other retailers who are in the same market, he should concentrate and focus on the promotion of the product so that he distinguishes from the other retailers in the market. He should let maximum people know about his shop and should try some other ways also to promote his shop.
