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
djyliett [7]
3 years ago
11

A furniture retailer wanted to grow but not open too many new stores. The company started opening boutique hotels instead. A man

agement and development company operated the hotels, but the furniture company handled the interiors. Guests could then purchase furniture and decor online. This example shows that the furniture retailer _______.
Business
1 answer:
Vikentia [17]3 years ago
5 0

Answer:

was thinking "outside the box" by designing a growth strategy

Explanation:

On the given scenario the business wanted to grow but not open more furniture shops.

The strategy chosen will achieve more growth while expanding into another operation line (boutique hotels).

The supply of furniture to these boutique hotels as internal decorations and as purchase from guests is an innovative way for the furniture business to grow without opening new stores.

This is an example of thinking outside the box.

You might be interested in
The Phelps Company's common stock is currently trading for $25.50 per share. The stock is expected to pay a $2.80 dividend at th
Lynna [10]

Answer:The correct option is C  = 0.98%

Explanation:

Ok so we do 25.50 - 2.80 because its being taken out

then we divide the answer we get by 10

or multiply it by .10

Hope this helps :)

3 0
3 years ago
You take out a loan for $100,000 at an annual interest rate of 5.9% that is to be paid with three equal annual payments of $37,3
Hunter-Best [27]

Answer:

The principal repaid in the second year will be $33,296.

Explanation:

Out of each 37,341.79 payment a part of it will be principal repayment and a part of it will be interest payment. When the first 100,000 is paid (0.059*100,000)=5,900 is interest and (37,341-5,900)= 31,441 is principal repayment which means, that in the second year the principal remaining is (100,000-31,441)=68,559. So the interest payment in the second year will be (0.059*68,559)=4,045 and the principal repaid will be (37,341-4,045)=33,296.

8 0
3 years ago
The _____ ensures that employees would be able to receive at least some pension benefits at the time of termination.
Karolina [17]

The Employee Retirement Income Security Act of 1974 (ERISA) ensures that employees would be able to receive at least some pension benefits at the time of termination. ERISA is a federal law which establishes minimum standards for retirement (pension plans), health, and other welfare benefit plans, including life insurance.

3 0
3 years ago
Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she
Verdich [7]

Answer:

Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.                        

Explanation:

Every auction seems to be either "of-reserve" versus "without-reserve." So the reaction to whether an auction house manages higher bids depends on that form of bidding being carried out. In an offering with reserves, the auction house may reject a higher offer (retain the privilege to reject ...) in which any better bid should be approved in an offering without deposit.

Put differently, the auction house is not obliged to deliver to the top purchaser in a with reserved sale. Essentially, the next bigger raise reflects the minimum price.

6 0
4 years ago
Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period;
Maksim231197 [3]

Answer:

a. 29,450

Explanation:

Equivalent units under FIFO method are calculated using the following formula:  Equivalent units for each cost component  = (100% − A) × B + C + D × E . Where a = percentage of completion at the end of last period , b = units in opening work in process , c = units started and completed in current period   (30,000 - 3,000 =27,000), d = percentage of completion of units in closing work in process , e = units in closing work in process

Equivalent units for each cost component

= (100% − 75%) × 5000 + 27000 + 40% × 3000

= 29,450

5 0
3 years ago
Other questions:
  • Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i
    14·1 answer
  • Now, suppose the government were to decrease net taxes by $20 billion without changing the level of government purchases. This w
    8·1 answer
  • Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales a
    14·1 answer
  • A _______ is an organization that is NOT presently in a task environment but has the resources to enter if it so chooses. potent
    8·1 answer
  • The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu
    12·1 answer
  • If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then
    12·1 answer
  • Assets Liabilities Net Worth Reserves $120,000 Checkable Deposits $300,000 Loans 140,000 Stock Shares 200,000 Securities 40,000
    5·1 answer
  • What does a money market account offer that a certificate of deposit (CD)
    7·1 answer
  • A company's triple bottom line measures which aspects of its performance? (choose every correct answer.)
    14·1 answer
  • A popular football player at a college who is able to influence the buying decisions of fans would best be described as a(n) ___
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!