Answer:
The correct answer is b. Imposing stiffer punishments on business executives
Explanation:
Customer retention is the activity that sales organizations carry out in order to reduce the loss of customers. Successful customer retention begins with the first contact an organization has with a customer and continues throughout the life of the relationship. A company's ability to attract and retain new customers is not only related to its product or service, but also with the way in which it serves its current customers and the reputation it creates within and through the markets.
An important topic is simple everyday honesty. Entrepreneurs, they tell us solemnly, should not cheat, should not steal, should not lie, should not bribe. But neither should other people. No man, no woman is free from the obligation to comply with the common rules of personal conduct due to their work or employment. Nor do they cease to be human beings when they are appointed vice presidents, municipal administrators or deans of some faculty. On the other hand, there have always been people who cheat, steal, lie, bribe or are bribed. It is a matter of moral values and moral education of individuals, of the family, of the school. But there is no separate ethic for business, nor is it necessary to exist.
All that is needed is to distribute harsh punishments to those who, company executives or not, have yielded to temptations. Another recurring theme in the discussion about business ethics has nothing to do with ethics. Things such as the use of paid companions to entertain customers are not matters of ethics but of aesthetics. The real question is if I really want to see a pimp when I look in the mirror while I shave.
All of these are costs of nonconformance rework and repair, scrap, liability judgments except<u> </u><u>training.</u>
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What does liability mean?
A person's or organization's financial responsibility for any losses or damages caused to another person or organization is referred to as "liability" in law. It generally refers to the responsibility to pay for any damage caused by one's own actions or negligence.
What does Organization mean?
Organization is the process of structuring and coordinating the activities of people and resources in order to achieve a goal or set of goals. It entails establishing or creating distinct lines of authority, responsibilities, communication, and decision-making. Setting goals, planning, controlling resources, and assessing progress are all part of the process.
Therefore the option A. <u>training</u> is the correct option.
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Answer:
Current market price is 474.30
Explanation:
The current price of the bond can be computed using the pv function in excel as stated thus:
=-pv(rate,nper,pmt,fv)
rate is semiannual yield to maturity which is 7.6%/2
nper is the 10 years of bond tenure multiplied by 2
pmt is the coupon payable which is zero
fv is the face value of the bond which is $1000
=-pv(7.6%/2,20,0,1000)=$ 474.30
A firm charges $25 for a product. If the markup is 25 percent, then the fully allocated average cost of the product is $20.
The term "markup" describes the discrepancy between an item's cost and its selling price. In other words, the vendor makes money by charging a premium over the overall cost of the commodity or service.
A business should realise the importance of markup. For instance, developing a sound pricing strategy is one of the most crucial resources a successful company can have. A product or service's markup needs to be high enough to cover all costs and turn a profit.
Retail price = $25
Markup =25% =0.25
Retail price = Average cost of product * (1+Markup)
25 = Average cost of product *1.25
Average cost of product =25/1.25
Average cost of product = $20
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