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3 years ago

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In the RYAN'S RUNNERS MINI CASE, Ryan decides to focus his attention on that segment of the market that is interested in running

. This selection of a specific market segment is known as ________.

1 answer:

victus00 [196]3 years ago

6 0

Answer:

market targeting

Explanation:

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Cullen and MacNeil’s is a well-known store that sells writing material. The company faces strong competition from the electronic

statuscvo [17]

Answer: <em>Option (D). Marketing Myopia</em>

Explanation:

From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.

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4 years ago

For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record

ivanzaharov [21]

Answer and Explanation:

The amount and the journal entry is shown below:

a. Amortization Expense - Patents $35,000 ($315,000 ÷ 9 years)

To Patents $35,000

(Being amortization expense is recorded)

b Amortization Expense - Patent $2,600 ($46,800 ÷ 18 years)

To Patents $2,600

(Being amortization expense is recorded)

c Amortization Expense - Franchises $18,000 ($72,000 ÷ 4)

To Franchises $18,000

(Being amortization expense is recorded)

7 0

3 years ago

Todd, an analyst for the U.S. government, has been given the task of assessing the economic performance of Country X in the inte

dybincka [34]

Answer:

BOP statistics.

Explanation:

Balance of payment statistics is used to record all the flow of goods, services, income, and capital from an economy to other economies. Balance of payment is a comparism between economic unit of a country and the same economic unit in other countries.

Todd, an analyst for the U.S. government, has been given the task of assessing the economic performance of Country X in the international marketplace. Todd will use the BOP statistics as a measure of country X's performance against other countries.

7 0

3 years ago

The Bijou Theater in Hermosa Beach, California, shows vintage movies. Customers arrive at the theater line at the rate of 100 pe

a_sh-v [17]

Answer:

<u>Task a: </u>

<u>What is the average customer time in the system?</u>

Answer: 30 seconds

<u>Task b:</u>

<u>What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?</u>

Answer: 33.34 minutes

<u>Task c:</u>

<u>Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?</u>

Answer: 16.67 minutes

Explanation:

<u>Task a:</u>

<u>What is the average customer time in the system?</u>

<u>Solution:</u>

Average customer time = 30 seconds per customer.

Total number of customers in an hour = 100.

Total time taken to attend customers = time per customer*total customers

= 30*100 = 3,000 seconds or 50 minutes.

So, 100 customers are attended in 50 minutes.

Average time = 50/100 = 0.5 minutes or 30 seconds

<u>Task b:</u>

<u>What would be the effect on customer time in the system of having a second ticket taker doing nothing, but validations and card punching, thereby cutting the average service time to 20 seconds?</u>

<u>Solution:</u>

If the average service time is reduced to 20 seconds, the customer time will reduce in the system.

For 100 customers, total time taken = 20*100 = 2,000 seconds or 33.34 minutes

Thus waiting time for the 100th customer has fallen from 50 minutes to 33.34 minutes.

<u>Task c:</u>

<u>Would system waiting time be less than you found in b if a second window was opened with each service doing all three tasks?</u>

<u>Solution:</u>

In this case, 100 customers will be divided into 1/3rd each i.e. 100/3 in each line.

So, waiting time for the 100/3th customer = 100/3*original time = 100/3*30 seconds = 1,000 seconds or 16.67 minutes.

Thus, within 16.67 minutes the line would be serviced.

Therefore, System waiting time will be less than as calculated in b.

3 0

4 years ago

Megan is already looking ahead to graduation and a job, and she wants to buy a new car not long after her graduation. If after g

miss Akunina [59]

Answer:

$ 7,322

Explanation:

$2300 per year is an annuity investment. The formula for future annuity value is as below

FV = A × (1 + r)^n - 1 / r

Where A = amount invested periodically

r = interest rate, 6% or 0.06

n = 3 years

Fv = $2300 x{ (1 +0.6)^3 -1} /0.06

Fv = $2300 x (1.191016-1) /0.06

Fv = $2300 x ( 0.191016/0.06)

Fv = $2300 x 3.1836

Fv= $ 7,322.28

Fv= $ 7,322

7 0

3 years ago