Answer:
Evaluative Criteria
Explanation:
Evaluative criteria is the situation whereby an individual decides to buy more than what he or she initially had in mind during to varying factors which may include price, characteristics, advertising effect, competitive context and so on of those extra things bought. Evaluative criteria results from desired benefits. The wall street journal in this case provides customers with evaluative criteria.
Answer:
Firms will leave the market in the long run.
Explanation:
Firms will leave the market in the long run.
Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.
Answer:
Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training.
Explanation:
Total Quality Management, TQM, is a method by which management and employees can become involved in the continuous improvement of the production of goods and services. It is a combination of quality and management tools aimed at increasing business and reducing losses due to wasteful practices.
Answer:
Firm's fixed asset turnover = 4.5
Explanation:
Given:
Current assets = $100,000
Total assets = $300,000
Firm's sales = $900,000
Find:
Firm's fixed asset turnover
Computation:
Fixed assets = Total assets - Current assets
Fixed assets = $300,000 - $100,000
Fixed assets = $200,000
Fixed asset turnover = Sales / Fixed asset
Firm's fixed asset turnover = $900,000 / $200,000
Firm's fixed asset turnover = 4.5
