True! companies examine the demographics of people in a population, then selectively pick out a demographic among the many for whom they want to target their products and services at
An argument that is not against specializing in a single good in the real world is that specialization in a single good makes dumping easier and more effective.
If a country specializes in a single good, less waste will be produced and it can be dumped easily at one place and can be used or recycled more easily than to dump several different kinds of goods as they will need different technologies and to segregate them will be a hard job to do.
Countries improve their production of the commodity in which they specialize. There are many benefits to consumers if a country does so as specialization lowers the opportunity cost of production, increasing global production and lowering prices. These reduced pricing and increased supply benefit consumers.
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Answer:
40,000 kits
Explanation:
The computation is shown below:
Number of kits required to be sold to meet the goal = Total Contribution Margin Required ÷ Contribution Margin per Unit
where,
Total contribution margin required is
= Total fixed cost + operating income
= $250,000 + $90,000
= $340,000
And, the
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per unit
= $11.50 - $3
= $8.50
So, the number of kits required is
= $340,000 ÷ $8.50
= 40,000 kits
Answer:
The letter A is the right one.
Explanation:
By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.
The correct answer to this open question is the following.
Although there is no further information about the case of study, we can say that the question possible refers to the case where the name of the company is just "The Client." The name of the document is "Leading Innovation Change - The Kotter Way."
This case refers to the challenges faced by an organization when it is time to innovate. Many members want to innovate but the culture of the company or the lack of proper leadership from managers often hinders the innovation efforts of the company.
So some of the elements of Kotter's Eight Stages of Leading Change that were included in the case were the following.
Create Urgency. The creation of new products of the company was limited and was not enough to compete in the future. A sense of urgency was needed to implement innovation.
Form a Powerful coalition. The company had to be very selective about the kinds of products that could help it to successfully compete in the future. The company had to use the best it had to establish priorities.
Create a vision for change. It was critical for the company to establish a new vision to get the results it needed. A renovation of the processes to face new necessities was imperative. Change has to be part of every member's mind.
Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.