The most common implementation of a quantity discount at the consumer level is the ______

In a short essay What are advantages and disadvantages of competition for buyers and sellers?

DochEvi [55]

Answer:

Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.

4 0

3 years ago

In what way is the HR function important to the success of the everyday tasks in an organization? Discuss the competitive advant

pentagon [3]

Answer:HR plays a key role in developing, reinforcing and changing the culture of an organisation. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements of business culture covered by HR

A diverse workforce is a more productive workforce, and your business can benefit from different perspectives, improved community relations and more creative ideas.

Workforce diversity can bring about an increase in productivity and competitive advantages. Employers can offer more solutions to customers because of new ideas and processes brought into the organization. Workplace diversity also increases employee morale and causes employees to desire to work more effectively and efficiently. Diversity in leadership within a firm allows managers to bring in new skills and methods for achieving unity within their teams.

Explanation: workforce diversity helps the organization to grow faster and also boost the morals of employees,for every organization that adopt diversity it's tends to be above other organizationbin level of productivity.

8 0

2 years ago

Read 2 more answers

In 5-10 sentences, answer the Question; What is a Market Economy?

Ulleksa [173]

Answer:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free-market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes referred to as a mixed economy.

8 0

3 years ago

What is the customer demand in the uk for international foods? need a detailed answer please

Romashka [77]

UK cuisine is largely international, with curry (for instance) being the most popular foodstuff in the UK, originating from Asia.

As Hungarian, Italian, Greek, Indian, French, Chinese, Vietnamese, Mongolian, and any number of other exotic food outlets are thriving in London, for instance, it would suggest that customer demand for these foodstuffs is enough to sustain business.

A large number of mixed Polish/Halal grocery shops have opened in areas of South London in recent years, catering to an increased number of workers and immigrants from the Middle-East and Eastern Europe.

The good old Fish'n'Chips shop is still going strong.

Many have expanded their menu to include kebabs - only fair, as kebab shops tend to sell chips too...

5 0

3 years ago

Wood County Hospital consumes 1,000 boxes of bandages per week. The price of bandages is $35 per box, and the hospital operates

jarptica [38.1K]

Answer:

= $367.34

Explanation:

Economic order quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding costs are equal to the ordering costs.

EOQ = (2× Co× D)/Ch

Total relevant cost of inventory = ordering cost + Holding cost

Step 1

Total cost of inventory under EOQ

EOQ for Wood County

EOQ = 2√(2× 15 × 1000× 52)/(15%× 35)

= 545.10 units

ordering cost =( (1000× 52)/ 545.10 ) × 15 = 1,430.90

Holding cost = ( 545.10/ 2) × 15% × 35 =1,430.90

Total cost =1430.90 + 1430.90= $2,861.81

Step 2

Total cost of inventory using order size of 900 boxes

ordering cost =( (1000× 52)/900 ) × 15 = 866.66

Holding cost = (900/ 2) × 15% × 35 = 2,362.5

Total cost = 866.66 + 2,362.5 = $3,229.16

Step 3

Calculate in savings in total costs

Savings = Difference in total inventory cost of EOQ order size and 900 boxes order size :

=$3,229.16-$2,861.81

= $367.34

Savings = $367.34

3 0

2 years ago

The most common implementation of a quantity discount at the consumer level is the _______ discount.