Write an essay about Buisness skills 150 words pls giving 100 points

1 answer:

8 0

business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.

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Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $23,490 and variable exp

Mars2501 [29]

Answer:

Contribution margin ratio = Contribution margin / Sales

Product C90B CMR = ($23,490 - $7,047) / $23,490 = $16,443 / $23,490 = 0.7 = 70%

Product Y45E CMR = ($34,800 - $13,920) / $34,800 = $20,880 / $34,800 = 0.6 = 60%

The rule, the Higher the contribution margin ratio, the lower the Break-Even point. So, if sales mix shifts to product C90B, overall Break-even point Decreases.

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3 years ago

Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

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Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.

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3 years ago

Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information

IgorC [24]

If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)

First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000

Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000

So, the estimated ending inventory for the month of July is $145,000.

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3 years ago

The definition of inventory includes which of the following items? (Select all that apply.) a) items used currently in the produ

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Answer:

Items a) and b)

a) items used currently in the production of goods to be sold items

b) held for resale items currently in production for future

Explanation:

Inventory consists of current assets to be used in production of final goods or are the ones which are final goods and held for sale.

In the given case also, statement a includes raw materials, which are used to make the final good to be sold, which is a part of inventory.

Further, statement b includes work in production or final goods which are currently in production but would be resold.

The items which are kept for their use as like machinery or furniture or which shall be disposed are not inventory but are in fixed assets category.

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3 years ago

The difference between slope and elasticity is that slope _________.a. is a ratio of two changes, and elasticity is a ratio of t

jekas [21]

Answer:

c. measures changes in quantity demanded more accurately than elasticity.

Explanation:

Base on the scenario been described in the question, slope measures changes in quantity demanded very accurately compared to elasticity. The main for this reason is that m, slope and elasticity are not the same concepts. Slope evaluates the

flatness or steepness of a line in terms of the evaluating units for price and quantity, while elasticity evaluates the relative response of quantity to changes in price.

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3 years ago

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