Final answer:
When globalizing, companies choose strategies like acquisition, joint venture, consortium, franchising, and licensing to enter new markets. Each method has its own characteristics, such as control of the business, the degree of investment, and the sharing of revenues and costs.
Explanation:
When a company globalizes, it often selects one or more methods to enter overseas markets. Below are the methods matched with their definitions:
Acquisition: This occurs when one firm purchases another, leading to a change in management and control of the acquired firm. It can result in business growth and often includes the integration of different corporate cultures and systems.
Joint venture: Two or more companies create a new entity by contributing equity. They share revenue, expenses, and control of the company. This method is often used to enter foreign markets by collaborating with a local partner.
Consortium: Similar to a joint venture, a consortium is a group of companies that collaborate on a specific project without forming a new company. This temporary collaboration is generally formed for leveraging large-scale resources or expertise.
Franchising: A method where a business allows another party to operate a business using its brand name, systems, and proven business model in exchange for a fee. It is a common method for businesses to expand internationally.
Licensing: A company permits another to use its intellectual property, such as patents, trademarks, or technology, in exchange for a licensing fee. This can be a way to enter new markets with minimal investment.
Globalization often involves expansive strategies like mergers and acquisitions, which can increase the size of a company, improve efficiency, and expand product lines.
Sea & Surf Corporation makes sailboards, which are bought and distributed by Tropical Marketing Company to UV Sports Stores, Inc., which sells them to consumers. Wen is injured while using a Sea & Surf board that he bought from UV Sports. In a product liability suit based on strict liability, Wen may recover from:_______.1. Sea & Surf only2. Sea & Surf tropical Maketing or UV sports3. UV Sports only4. None of the above
Answer:
1. Sea and Surf, Tropical Marketing or UV Sports
Explanation:
Since the product liability suit is based on strict liability, Wen can sue either Sea and Surf Tropical Marketing Company or UV Sports Stores Inc., Strict liability confers blame not necessarily because the defendant is responsible for the harm or injury suffered but because they were somehow involved in the series of events that led to the tort's occurence.
A manufacturing firm finds that 8080% of its new hires turn out to be good workers and 20 %20% become poor workers. All current workers are given a reasoning test. Of the good workers, 9090% pass it; 4040% of the poor workers pass it. Assume that these figures will hold true in the future. If the company makes the test part of its hiring procedure and only hires people who meet the previous requirements and also pass the test, what percent of the new hires will turn out to be good workers?
Answer:
90%
Explanation:
Given that,
Percent of new hires turn out to be good workers = 80%
Percent of new hires turn out to be poor workers = 20%
Percent of good workers passed the reasoning test = 90%
Percent of bad workers passed the reasoning test = 40%
Probability of good workers who are passed:
= 0.8 × 0.9
= 0.72
Probability of poor workers who are passed:
= 0.2 × 0.4
= 0.08
Total probability:
= Probability of good workers who are passed + Probability of poor workers who are passed
= 0.72 + 0.08
= 0.80
Percent of the new hires will turn out to be good workers:
= Probability of good workers who are passed ÷ Total probability
= 0.72 ÷ 0.80
= 0.9 or 90%
Lisa’s Custom Print Services produces and sells custom seashore prints. The manager reported $5,400 in fixed expenses, operating income of $0 at the breakeven point, and a contribution margin per unit of $50. What is the firm’s breakeven point in units using the shortcut approach?
Answer:
108 units
Explanation:
break even point in units = total fixed costs / contribution margin per unit = $5,400 / $50 = 108 units
There are three methods to obtaining a break even point and they all should result in the same answer: equation method, the formula method (or shortcut), and in dollar sales and sales units.
The formula method is also called the shortcut because it's the simplest way.
After Hayworth Publishers realized that it was incurring losses, it set new objectives. These objectives were to increase revenues by at least 5 percent and reduce net losses by at least 80 percent. Which management function is used to set these goals and help the company meet them?
Answer:
PLANNING
Explanation:
Planning is the management function and process of thinking about the activities required to achieve a desired goal.
It is the first and foremost activity to achieve desired organizational results.
It involves the creation and maintenance of a plan, such that if the plan is followed, organizations can achieve their goals
Planning is also a management process, concerned with goal definition for a company's future direction and determines the resources to achieve such goals. To achieve goals, managers may develop plans, such as a business plan, sales plan or a marketing plan
Factor income __________.a. consists largely of interest, dividends, and other income on foreign investments. b. is a theoretical construct of the factors of production, land, labor, capital, and entrepreneurial ability. c. is generally a very minor part of national income accounting, smaller than the statistical discrepancy. d. none of the options
Answer:
a) Consists largely of interest, dividends, and other income on foreign investments.
Explanation:
Factor income is all the income that we receive from selling at least one of the factors of production.
Factor income received from land ⇒ rentFactor income received from labor ⇒ wages and salariesFactor income received from capital ⇒ profitWhen we are calculating the balance of payments of a country, the factor income that we must include comes from capital invested in foreign countries and the income generated from capital is called profit and it consists mainly of interests and dividends.
If the sum of your assets is 275,000, what should the other side of your balance sheet add up to?
Answer: The sum of the liabilities would add upto 2,75,000
Explanation: According to the accounting standards, the assets side of a balance sheet should equal the liabilities side of balance sheet to make a balanace in the balance sheet of a company.
Assets are known as the resources that the company owns, whereas liabilities are the financial debts or the amount of money which a company owes.
So, if we sum up all the assets side and deduct the total amount of liabilities what we get is equity or owner's fund ( the amount of funds the owner of the business possess)
Therefore, if assets side of the balance sheet sums upto 2,75,000 then liabilities side of the balance sheet would also add upto 2,75,000
Timini Inc., a beverage company, wants to produce a new health drink. It borrows money from Maverk Bank to finance the development. The bank mandates Timini Inc. to return the amount with interest in a regular schedule of fixed payments. Which of the following sources of long-term funds is being used by Timini Inc. in the given scenario?
a. Commercial paper
b. A term loan
c. A line of credit
d. Trade credit
Answer:
b. A term loan
Explanation:
A term loan is a type of loan that has a series of fixed payments with an interest rate, which can also be fixed, or unfixed.
The word fixed payment means that the payments have a specific date in which to be made.
In this case, Timini Inc is using a term loan to finance its operation because the bank mandates Timini Inc to return the borrowed amount with a regular schedule of fixed payments.
Timini Inc. is using a term loan as its source of long-term funding for the new drink production.
Explanation:In the mentioned scenario, Timini Inc. is using a term loan as its source of long-term funds. A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate. Maverk Bank provides the loan to Timini Inc. which it has to repay with interest in a regular schedule. The company is sourcing its funds for producing the new health drink from a term loan. This is different from other funding options like commercial paper, line of credit, or trade credit.
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Which of the following procedures is TRUE regarding the construction of a decision tree for product​ design?A.Payoffs are entered at the beginning of the appropriate branch.B.The possible alternatives include an alternative of​ "doing nothing.".C.Be sure that all possible alternatives and states of nature​ (beginning on the right and moving​ left) are included in the tree.D.To determine the expected value of each course of​ action, we need to start at the beginning of the tree and work toward the end of the tree.The possible alternatives include an alternative of​ "doing nothing."
Answer:
A. Be sure that all possible alternatives and states of nature (beginning on the right and moving left) are included in the tree.
Explanation:
Decision tree is a simple data mining approach used to establish the hidden knowledge in the data to enable classification and prediction.
Decision tree is a tree structure, where internal nodes denote a test on an attribute, each branch represents the outcomes of the test and the leaf node represents the class labels.
Decision Trees are excellent tools for helping management to choose between several courses of action and simplify management decision making.
If the above is true then we must be sure that possible alternatives are included in the tree.
Final answer:
True, the 'doing nothing' alternative is included in a decision tree for product design, serving as a baseline for comparing all other potential product design alternatives.
Explanation:
When constructing a decision tree for product design, it is TRUE that the possible alternatives include an alternative of 'doing nothing'. This option must be considered because it represents the choice to maintain the status quo without pursuing any new product designs or changes. Including 'doing nothing' as an option ensures a comprehensive evaluation of all possible decisions. The construction of a decision tree generally involves detailing alternatives and potential outcomes, including the states of nature, payoffs, and the calculation of expected values. It's important to ensure that all potential outcomes and alternatives are reflected in the decision tree to facilitate effective decision-making.
The process of evaluating alternatives often includes a cost/benefit analysis, where you weigh the marginal costs against marginal benefits. The same logic applies to decision trees, where the benefits and costs of each path are considered to optimize the decision based on expected outcomes.
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm. After two years, he quit the advertising firm and became self-employed as a freelance music composer. Which of the following terms indicates the changes in Andrew's employment structure?A. Volatility.
B. Adverse possession.
C. Bootstrapping.
D. Easement.
E. None of the above.
Answer:
A. Volatility
Explanation:
Volatility refers to high level of fluctuations with little or no consistency. It also refers to the variation in an activity with no constancy.
In the given case, Andrew keeps on swapping jobs within a short duration of time, and in varied fields of little similarity. This conveys a high degree of volatility in Andrew's work habits since he is unable to stick to one job or a field of job.
The changes in his employment structure reveal a pattern of high level of deviations, fluctuations referred to as Volatility.
Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.oo in ingredients per pizza, $0.20 in electricity per pizza, $2000 in restaurant rent per month, and $450 in insurance per month.Assume the pizza parlor produces 5,000 pizzas per month.What is the variable cost of production(per month)?What is the fixed cost of production(per month)?
Answer:
Variable cost: $21,000
Fixed cost: $2,450
Explanation:
The variable costs are the costs that change depending on the quantity of output like labor.
Variable cost of production per month= ($3*5,000)+($1*5,000)+($0.20*5,000)
Variable cost of production per month= $15,000+$5,000+$1,000
Variable cost of production per month= $21,000
The fixed costs are the costs that are constant despite the amount of output like rent.
Fixed cost of production per month= $2,000+$450
Fixed cost of production per month= $2,450
The monthly variable cost for producing 5,000 pizzas is $21,000, and the monthly fixed cost is $2,450.
The variable cost of production for the pizza parlor is calculated by adding all costs that vary with the level of production. For 5,000 pizzas per month, the variable costs would include $3.00 in labor, $1.00 in ingredients, and $0.20 in electricity per pizza. Thus, the monthly variable cost is:
$3.00 (labor per pizza) × 5,000 pizzas = $15,000
$1.00 (ingredients per pizza) × 5,000 pizzas = $5,000
$0.20 (electricity per pizza) × 5,000 pizzas = $1,000
Adding these together, the total monthly variable cost is $15,000 + $5,000 + $1,000 = $21,000.
On the other hand, the fixed cost of production comprises costs that do not change with the level of production.
For the pizza parlor, fixed costs would be the rent and insurance, which are $2,000 and $450 per month, respectively.
Therefore, the total monthly fixed cost is:
$2,000 (restaurant rent) + $450 (insurance) = $2,450
Quality that measures usefulness vs. price paid is which definition of quality? A. Conformance to specifications B. Fitness for use C. Value for price paid D. Support services E. Psychological
Answer:
C. Value for price paid
Explanation:
The quality of goods are measured with the usefullness of the goods to the consumer and how much he is willing is pay for the product is etermined by the utility of goods to the consumer. Higher amount is paid for the goods, which has higher utility to the consumer and it also define quality to the consumer. Price and utility of product remain the main determinant for the quality.
Value of price paid is determined by utility or usefulness of the product for each dollar paid to buy it.
The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2016, they spend a total of $250 for 100 heads of cauliflower, $100 for 50 bunches of broccoli, and $250 for 500 carrots. In 2017, they spend a total of $210 for 60 heads of cauliflower, $180 for 90 bunches of broccoli, and $270 for 450 carrots.Year Cauliflower Broccoli Carrots
2016 2.1 1.4 0.1
2017 2.5 1.4 0.3 Using 2016 as the base year, the CPI for 2016 is______, and the CPI for 2017 is______. The inflation rate in 2017 is_____using the CPI.
Answer:
CPI for 2016 = 100
CPI for 2017 = 110
Inflation rate in 2017 = 10%
Explanation:
Before finding Consumer Price Index (CPI), we have to calculate the market basket cost price for each year
2016 market basket cost price =
Cauliflower = $250
Broccoli = $100
Carrots = $250
Total cost = $600
2017 market basket cost price =
Cauliflower = $210
Broccoli = $180
Carrots = $270
Total cost = $660
We know, CPI = (Cost of market basket in a given year ÷ Cost of market basket in a base year) × 100
As 2016 is the base year, CPI for 2016 = ($600 ÷ $600) × 100 = 100
CPI for 2017 = ($660 ÷ $600) × 100 = 100 = 110
Again, we know, Inflation rate using the CPI = [(CPI for current year - CPI for previous year) ÷ CPI for previous year] × 100
Therefore, Inflation rate using the CPI = [(110 - 100) ÷ 100] × 100 = 10%.
The SoundBoy was a portable radio targeted toward children in the 1970s. It came in different colors and shapes and was one of the most popular products in its time. Portable radios have slowly been replaced by smartphones, tablets and other gadgets. From the above scenario, it can be stated that the SoundBoy is currently in the _____ stage of the product life cycle.
Answer:
decline
Explanation:
Based on the information provided within the question it can be said that in this scenario the SoundBoy seems to currently be in the decline stage of the product life cycle. This stage is characterized by as being the "dying off" stage where sales begin to drop and production of the product is ultimately stopped. Revenue will continue to fall to the point that the product is completely discontinued.
Answer:
Explanation:
The decline stage of the product life cycle is the one where the product ultimately becomes obsolete or dies due to the low or negative growth rate in sales .
Decline Stage: The decline stage of the product life cycle is the terminal stage where sales drop and production is ultimately halted.
As a number of companies start to dominate the market, it becomes increasingly difficult for the company in question to maintain its level. As new technologies emerge making the product become ultimately obsolete as in the case of(The SoundBoy) portable radios and now smart phones, tablets and other gadgets.
The percentage-of-completion method is used primarily for short-term contracts. A.recognizes revenue and gross profit each period based upon progress. B.accumulates construction costs in the Billings on Construction in Progress account. C.recognizes revenue and gross profits only when contract is completed.
Answer:
A.recognizes revenue and gross profit each period based upon progress.
Explanation:
The percentage of completion approach is an accounting technique used to recognize revenue in ongoing projects. Revenue from long term contracts is calculated based on the percentage of work completed in a period. This method is applied when payments are assured, and the percentage of work done can be estimated with some degree of accuracy.
The percentage of completion is mostly used in construction industries, but the concept can be used in many projects. The method compares the revenues and expenses of a project against the percentage of work completed in the financial period. The percentage of completion method contrasts with the completed contract method that recognizes income upon completion of a project.
Tyler is a finance manager at an automobile manufacturing company. He collects internship reports from summer interns at the company to study the finance strategies suggested by them in their reports. He uses the relevant information from this study to suggest new strategies to the chief financial officer of the company. In the context of managerial roles, which of the following roles does Tyler illustrate in this scenario?
A) Leader role
B) Liaison role
C) Disseminator role
D) Monitor role
Option C
Disseminator role roles Tyler illustrates in this scenario
Explanation:
Disseminator is one of the several managerial roles recognized by the organizational researcher. Before managers can propagate data, it must initially be collected from inside as fine as from outside the company. A disseminator role is where you interact with probably valuable information to your co-workers and your crew.
On getting any relevant information from inside or external experts, the likewise needs to be distributed or communicated within the organization. The disseminator role includes partaking information down and beyond the organization, not up the authority; this is commonly reflected reporting.
Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His friends point out that it would be difficult to get cell phone manufacturers to adopt this new technology and that it could take a long time for people to start relying on it. However, Xavi is convinced that he can make his idea popular and successful. He plans to start a new company called EnerMob Inc. that would promote and sell the cell phone battery to the public. In this scenario, which of the following entrepreneurial characteristics is Xavi demonstrating
Xavi demonstrating vision.
Explanation:
A vision is a strong visual picture, based about your goals and aspirations, of what you are looking for in your company.
A dream can specifically guide your company and can save you from going in the wrong direction.
An ambitious definition of what a company wants to achieve or accomplish in the medium to long term. It should be a straightforward reference for the collection of current and future acts.
What is the discounted payback of a project that has an initial outlay of $20,000 and will generate $6,000 in year 1, $12,000 in year 2, $9,000 in year 3, and $14,000 in year 4 assuming the cost of capital is 10%?
Answer:
2.68 years
Explanation:
Year Inflows Discount rate 10% PV of cash inflows Cumulative value
1 $6,000 0.9090909091 $5,454.55 $5,454.55
2 $12000 0.826446281 $9,917.36 $15,371.90
3 $9,000 0.7513148009 $6,761.83 $22,133.73
4 $14,000 0.6830134554 $9,562.19 $31,695.92
Total present value $31,695.92
Now the discounted payback period is
= 2 + ($20,000 - $15,371.90) ÷ ($6761.83)
= 2 + 0.68 years
= 2.68 years
An unlevered firm has a cost of capital of 13.6 percent and earnings before interest and taxes of $138,000. A levered firm with the same operations and assets has both a book value and a face value of debt of $520,000 with an annual coupon of 7 percent. The applicable tax rate is 34 percent. What is the value of the levered firm
Answer:
Value of levered firm is $846,506
Explanation:
The value of levered firm will be the sum of value of the future incomes for the shareholder's at the cost of capital of un-levered firm discounted at cost of equity and the tax advantage of debt.
The value of equity = Profit before tax * (1 - Tax) / Cost of capital
The tax advantage = Value of debt * tax rate
Now putting the values in both above equation:
Value of equity = $138,000 (1 - 34%) / 13% = $6,69,706
The tax advantage of Debt = $520,000 * 34% = $176,800
Value of levered firm = $669,706 + $176,800 = $846,506
Final answer:
The value of the levered firm is approximately $1.19 million, calculated by adding the tax shield of debt to the unlevered firm value based on its EBIT and cost of capital.
Explanation:
The value of the levered firm can be calculated by adjusting the value of the unlevered firm with the tax shield benefit of debt.
The earnings before interest and taxes (EBIT) of the firm are $138,000, and the firm has a cost of capital of 13.6%.
The firm has debt of $520,000 at a 7% annual coupon rate.
Given a tax rate of 34%, the tax shield is the debt times the tax rate, which equals $520,000 * 0.34 = $176,800. The tax shield on the debt adds value to the firm.
To find the total value of the levered firm (VL), we start with the value of the unlevered firm (VU) and add the tax shield.
The unlevered firm's value is EBIT divided by the cost of capital, which is $138,000 / 0.136 = $1,014,705.88.
Adding the tax shield of $176,800 gives us VL = VU + Tax Shield = $1,014,705.88 + $176,800 = $1,191,505.88.
Therefore, the value of the levered firm is approximately $1.19 million.
Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and the customers pay within 10 days. The net service revenue is:______.
Answer:
$686,000
Explanation:
net service revenue = gross revenue - discount for early payment
gross revenue = total sales price - trade discount
gross revenue = $800,000 - $100,000 = $700,000
net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000
Amber is working as a sales associate in a department store. When a few high-priced products are found missing from the store, Amber is accused of theft and fired from the job. Neither an investigation is conducted nor is Amber allowed to explain herself. Which of the following is true of the given scenario?
a. Amber's right to arbitration has been violated.
b. Due process has not been followed by the employer.
c. Amber's statutory rights are upheld.
d. Amber is not given the option of involuntary turnover
Answer:
b. Due process has not been followed by the employer.
Explanation:
In the workplace when there is a case that could lead to dismissal, it requires the employer to first of all carry out an investigation to determine what actually happened. The facts could differ from the claims made against her.
She should also be allowed to to explain herself, this could lead to get exonerating herself or disclosing relevant information the employer did not know.
Amber can take legal action against the employer for not following due process in firing her.
An increase in capital stock would: cause a movement to the left along a stationary production function. cause a movement to the right along a stationary production function. shift the production function upward. shift the production function downward.
Answer:
shift the production function upward
Explanation:
The production function refers to the input and output relations i.e means if the number of inputs are used so the maximum output could be produced
The production function is
Q = f(L, K)
where,
Q represents the quantity
f represents the factors
L represents the labor
K represents the Capital
If there is an increase in capital stock, the production function is also increases i.e the movement is upward keeping other things constant
I'MAStart-UP Corp. issued and sold 2,500,000 common voting shares during its first public stock sale. What is the minimum number of shares needed to be able to elect a new director to the Board
Answer:
1.25 million
Explanation:
For I'MAStart-UP Corp. To be able to elect a new director, there needs to be a minimum of 50% of the companie's voting shares.
That is 0.5* 2,500,000= 1,250,000 shares.
Assuming that there are no other voting shares issued there must be a vote for the new candidate of at least 1,250,000 shares to appoint a new director to the board.
Extremely low-incidence studies, such as trying to survey the automobile buyer characteristics of astronauts are usually not feasible. A marketing research firm concerned about the feasibility of such a project would probably:
a. see if the information already exists
b. first conduct a pilot survey
c. conduct a focus group
d. determine whether or not the question can be answered
e. all of these
Answer:
The correct answer is D
Explanation:
Feasibility analysis is the analysis which is used in order to determine or state the viability of the project like ensure the project is legal and economically justifiable and technically feasible.
In short, it states that the project is worth or not the investment. So, when the studies indicate the low incidence, then the firm is concerned regarding the feasibility of the project, that it would probably determine or state whether or not the questions could be answered.
Straight Arrow unloaded two tankers worth of toxic waste at an important port in the country of Urithmea. A hundred workers worked two days in their shorts and sandals to unload the barrels from the tankers for $5 a day. They were not told about the content of the barrels. Some observers felt that it was the obligation of not just the government of Urithmea but also of Straight Arrow to ensure that no harm was done to the workers. These observers are most likely:___________
1- Utilitarianists
2- Cultural relativists
3- Justice theorists
4- Rights theorists
5- Naïve immoralists
Answer:
4. Rights theorists
Explanation:
Rights theorists -
According to this theory , it is the legal and moral right of an individual person , hence , any activity against these rights are unexceptable , is referred to as rights theorists .
The people have some basics rights , which can be claimed at any moment of work , and is need to be fulfilled by the company or government .
Hence , from the given scenario of the question ,
The correct option is 4. Rights theorists .
Match the vocabulary term with the correct definition.1. Economies of Scale:_______.2. Financial Capital:______.3. Franchise:______.4. Grant:______.5. Depository Institution:______.6. Not-for-profit organizations are:_______.
Answer:
1. Economies of Scale:
This is a proportionate saving in costs gained by an increased level of production.
2. Financial capital:
This is any economic resource measured used by entrepreneurs and businesses to buy what they need to make their products or to provide their services.
3. ·franchise:
This is a type of license that a party (franchisee) acquires to allow them to have access to a business's proprietary knowledge, processes in order to allow the party to sell a product or provide a service under the business's name.
4. Grant:
This is finance which may be given externally
5. A depository institution:
This is a financial institution in the United States that is legally allowed to accept monetary deposits from consumers usually banks
6. Not-for-profit organizations :
These are organizations that are set up to provide public services for the benefit of the society not to make profit
Joint costs are Select one: A. costs incurred prior to the split-off point when producing products that appear simultaneously. B. most often found in companies that further process the final output of other manufacturing firms. C. relevant to decisions to sell joint products or to process them further. D. separately identifiable at the split-off point.
Answer:
A. costs incurred prior to the split-off point when producing products that appear simultaneously.
Explanation:
Joint costs are costs incurred prior to the split-off point when producing products that appear simultaneously.
In cost and manufacturing accounting, a joint cost is a cost incurred in a joint process or during a joint production of more than one output and may include direct material, direct labor, and overhead costs incurred before the split-off point.
"Privacy is a basic human right enshrined in law. Regardless of risk, the majority cannot strip a person of their constitutionally protected freedoms. We are therefore morally obligated to preserve privacy." What kind of ethical reasoning is being employed in this argument
Answer:
Rule Based argument which is also referred to as universal rules
Explanation:
The deontology argues that an action is right when it is according to universal rules which means giving a push to an old man is according to consequences we can not harm a person so it is not ethically right because the consequence is harm and damage caused to the old man. But deontology says that consequence are not important because what if we don't push the man to pedestrian line to safe his life because the car will hit him hard and the old man will die instantly. Though he was injured due to high force of push but he didn't loosed his life and this is according to universal rules correct action. So protecting the people is universal rule and Kant says that freedom to a man is to an extent that he doesn't harm the other being because not harming is a universal rule, which is also used in the law.
Stephen is preparing his pitch for a bank representative that will be considering him for a business loan. He lists the resumes and credentials of chefs who are working in the restaurant’s kitchen. This is an example of what marketing principle (from the 7 Ps)?
Answer:
People
Explanation:
Probably the most important P of the services marketing mix is people. Services rely on the customer experience and the company's employees are the ones that make the difference. E.g. a restaurant can provide the most delicious food, but if the waiter is rude and treats customers very badly, the whole experience will be negative. Until artificial intelligence replaces us, people will be the cornerstone of the service industry.
Stephen is demonstrating the 'People' aspect of the 7 P's of marketing by showcasing the credentials of his chefs to obtain a business loan.
Explanation:Stephen is engaging in a principle that falls under the '7 P's of marketing', which include Product, Price, Place, Promotion, People, Process, and Physical evidence. In this case, by listing the resumes and credentials of chefs working in the kitchen, Stephen is focusing on 'People'. This element emphasizes the importance of the staff and their expertise in delivering an excellent service. The bank representative will consider this information relevant as it highlights the capability and professionalism of the restaurant's team, thus enhancing the business's credibility and improving the chances of securing the loan.
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Rad, a manufacturer of luxury watches, charges a higher price for its products than its competitors. Despite the high prices, the brand is popular among customers for its quality and service in comparison to cheaper alternatives available in the market. In this case, Rad offers a(n) ________ value proposition
Answer:
More-for-more
Explanation:
A value proposition refers to the value a company promises to deliver to customers if they decide to purchase their product. A value proposition is also a declaration of intent or a statement that introduces a company's brand to consumers by informing the customers what the company stands for, how it is being operated, and why it deserves their patronage.
In a QSPM analysis, would it ever be appropriate or useful for a company not to include a weight column at all, but rather total the AS columns to determine the relative attractiveness of six strategies? A. Yes but only for nonprofit organizations B. Yes but only for small firms C. No D. Yes E. Yes but only for multi-divisional companies
Answer:
C. No
Explanation:
QSPM analysis: QSPM stand for Quantative Strategic Planning Matrix is a strategic tool to evaluate various strategies to find best alternative. It is the third stage of strategy formulation, which include all the details of previous stages. There is no limit of strategies that can be evaluated or different sets of strategies that can be examined at once using the QSPM. The QSPM weights are identical to the EFE and IFE Matrix.
Final answer:
In QSPM analysis, excluding the weight column is not appropriate as it provides essential information regarding the importance of each factor in strategy selection. The correct answer to the question is C. No, since the use of weights is crucial for all organizations when performing a comprehensive QSPM.
Explanation:
In a Quantitative Strategic Planning Matrix (QSPM) analysis, it is not generally considered appropriate to exclude the weight column. The purpose of the weight column is to indicate the relative importance of each factor, which allows for a more nuanced assessment when comparing strategic options.
Without weighting these factors, the analysis ignores the significance of certain key variables that could dramatically alter the strategic direction of a company.
Therefore, the best answer to whether it would ever be appropriate or useful for a company not to include a weight column at all, but rather total the Attractiveness Scores (AS) columns to determine the relative attractiveness of six strategies is C. No.
Having a weight column assists in understanding how significantly each factor impacts the strategic choice, and excluding it removes this insight, potentially leading to a less informed decision. Every organization, regardless of its size, profit orientation, or structure benefits from a thorough QSPM, including the appropriate weighting of factors.