Answer:
Companies purchase technology to reduce the variability of the human component of their service offerings. When they do this, they are dealing with the fundamental difference of heterogeneity of services marketing.
Explanation:
Service offerings are never the same. However, the presence of technology reduces this variability (heterogeneity) caused by the human component. The other fundamental differences between goods and service offerings are intangibility, inseparability, and perishability.
Answer:
5.7 times
Explanation:
Computation of George Company accounts receivable turnover for the year.
First step
Net sales - Amount collected on Account receivable
$200,000-$180,000
=$20,000
Thus,
Opening Balance of Accounts Receivable
$25,000+$20,000
=$45,000
Second step is to calculate for Account Receivable Turnover
$200,000 ÷ [($25,000 + $45,000) ÷ 2]
$200,000÷($70,000÷2)
$200,000÷$35,000
= 5.7 times
Therefore the accounts receivable turnover for the year will be 5.7 times
Answer:
current value = $66.29
Explanation:
given data
expected to pay dividend = $2.95
constant rate = 4% per year
required rate of return = 8.45%
solution
Stock's current value per share will be express as
current value = dividend ÷ (Required rate of return - Growth rate of dividend) .....................1
put here value and we get
current value = $2.95 ÷ ( 8.45% - 4% )
current value = $66.29
The act of specialization is the division of a work process into distinct tasks that are necessary to the organisation or business but cannot be carried out by a single person.
What Are the Economic Impacts of Specialization?
- When the innate differences in human productivity are accentuated along different skill lines, specialization and the complementary concept of division of labour occur.
- A person becomes more economically specialised as they focus their productive efforts on an ever-narrower range of tasks.
- The most obvious economic impact of specialization is the propensity for people to choose a variety of professions that are more in line with their interests, capabilities, chances, and education.
- Economic agents that concentrate on a certain task become more adept at it. Because repetition and muscle memory increase productivity, both preschoolers and professional athletes practise before a game.
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