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3 years ago

Beyond lower turnover ,how else does costco benefit from treating its employees well?

Business

1 answer:

Butoxors [25]3 years ago

8 0

Answer:

In simple words, by treating the employees well in the organisation businesses can get a lot of unexpected profits besides the lower cost due to lower employee turnover.

Employees in such organisation will always be motivated to work hard and self align their interests with objectives and goals of the organisation. Also employee satisfaction leads to lesser conflict with the workplace which further leads to more efficiency.

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Martha can produce 70 quilts or 140 batches of chocolate chip cookies in a month. Jane can produce 8 quilts or 24 batches of cho

spayn [35]

Answer:

Martha can produce 70 quilts or 140 batches of chocolate chip cookies:

Opportunity cost of producing a quilt = (140 ÷ 70)

= 2 batches of chocolate chip cookies

Opportunity cost of producing a batch of chocolate chip cookie = (70 ÷ 140)

= 0.5 quilts

Jane can produce 8 quilts or 24 batches of chocolate chip cookies:

Opportunity cost of producing a quilt = (24 ÷ 8)

= 3 batches of chocolate chip cookies

Opportunity cost of producing a batch of chocolate chip cookie = (8 ÷ 24)

= 0.33 quilts

Therefore, the comparative advantage is as follows:

Martha has a comparative advantage in producing quilt because it has a lower opportunity cost of producing quilt than Jane.

Jane has a comparative advantage in producing chocolate chip cookies because it has a lower opportunity cost of producing chocolate chip cookies than Martha.

Absolute advantage:

Martha has an absolute advantage in producing both the commodities because she can produce more amount of both the goods from the same level of resources as compared to Jane.

8 0

3 years ago

Jordan has inherited some money and he wants to put it into an account

kvv77 [185]

Answer:

The correct answer is the third option: High Yield Savings Account.

Explanation:

To begin with, the name of <em>"High Yield Savings Account"</em> refers to a financial tool whose purpose is to act as a deposit account in order to save money with the plus of getting a higher interest rate than in other traditional saving accounts and also offers better returns than traditional checking accounts. Moreover, this typo of account does also tends to come with no monthly fees and low fees for certain situations like having non-sufficient funds. That is why this is best option for Jordan in order to save the money that he inherited.

6 0

4 years ago

When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar

kobusy [5.1K]

Ride sharing is transformational innovation, according to the innovation matrix.

Uber and Lyft use transformational innovation

Transformational innovation includes making discoveries and creating products for the market.
Companies like Uber use credit and debit cards for reservations, a novel tactic.
Such ideas were virtually unknown to markets in many nations.
In some markets, it gave businesses like Uber a competitive edge.

To learn more about transformational innovation, refer to-

brainly.com/question/17517143

#SPJ4

5 0

2 years ago

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2,200 units

zzz [600]

Answer:

$35.085

Not in options.

Explanation:

As for the provided information,

Details of Production are:

Toasters = 2,200 units

Blenders = 1,500 units

Hours required for each unit are:

Toasters = 1.25

Blenders = 1

Now, therefore, total hours of direct labor

Toasters = 2,200 $\times$ 1.25 = 2,750

Blenders = 1,500 $\times$ 1 = 1,500

Total hours = 4,250

Thus, total overheads = $149,115

Rate per hour = $149,115/4,250 = 35.085

Based on the information given the answer is $35.085, although this is not in the option.

Therefore, options provided are incorrect.

7 0

3 years ago

Jaime draws up a promissory note that uses permanent paint, payable to nadia, on the side of a large immovable boulder. under th

Varvara68 [4.7K]

Answer:

The answer is: Invalid

Explanation:

The Uniform Commercial Code (UCC) requires that financial instruments need to be freely transferable. In order for a written instrument to meet this requirement, they must be moveable. Since Jaime wrote the promissory note on the side of large immovable boulder, it doesn't qualify as moveable. So the promissory note is invalid.

7 0

4 years ago

Beyond lower turnover ,how else does costco benefit from treating its employees well?​

Beyond lower turnover ,how else does costco benefit from treating its employees well?