Based on the information given, the company that will be the strongest competitor will be Baldwin.
A broad cost leader strategy simply means a strategy that's is used for competition based on price in a targeted market. It arrives to charge the lowest prices relative to the other firms.
From the complete question, the company that will be the strongest competitor will be Baldwin. The automation for its product was increased to reflect this.
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If the​ firm's average cost curves are​ U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total cost​ curve? The average variable cost curve will achieve its minimum at a lower level of output than the average total cost curve because A. average total cost equals average variable cost plus average fixed​ cost, and the average fixed cost curve continues to fall as more output is produced. B. average total cost equals average variable cost minus average fixed​ cost, and the average fixed cost of production reaches its minimum at a higher level of output than the average variable cost curve . C. average total cost equals average variable cost plus average fixed​ cost, and the average fixed cost of production is constant . D. average total cost equals average variable cost plus average fixed​ cost, and the decrease in average fixed costs with output is always smaller than eventual increases in average variable costs with output. E. average total cost equals average fixed cost plus marginal​ cost, and the marginal cost curve continues to fall as more output is produced.
Answer:
A. average total cost equals average variable cost plus average fixed cost, and the average fixed cost curve continues to fall as more output is produced.
Explanation:
The average cost is defined as the total cost of a product or item divided by the total number of the product produced. The average cost refers to how many firms or organizations choose to price their products.
The average cost curve is always a U-shaped curve.
The average total cost = average variable cost + average fixed cost
When we graph them, the average fixed cost is the difference between the U-shape ATC (average total cost) and the AVC (average variable cost).
The average variable cost is sloping downwards at all the levels of the output and as a result the average fixed cost also also continues to fall.
Thus the correct option is (A).
At her new job, Nicole developed a supportive relationship with Sheila, who worked with the same real estate agency for several years. Nicole talked with Sheila about a problem she was facing in the workplace. Sheila suggested possible solutions and they discussed the strengths and weaknesses of each. This is an example of
Answer:
mentoring.
Explanation:
This is an example of mentoring.
. You have determined that Company A's shares have an intrinsic value of $20 per share but are trading at $22 per share, while Company B's shares are worth $25 per share but are trading at $22 per share. What would a rational investor (or an arbitrageur) do to take advantage of this price difference (no short-selling constraint and transaction fee)
Answer:
a rational investor would short company A's shares and long company B's shares.
Explanation:
Company A's shares are overvalued.
A share is overvalued when its intrinsic value is less than its price
Company B's shares are undervalued.
A share is undervalued when its intrinsic value is greater than its price
It is expected that the price of company's A's share would fall. Investors that are holding this company's share would lose.
On the other hand, it is expected the the price of company B's shares would rise. Investors holding this company's share would gain from the increase in price.
Thus, a rational investor would short short company A's shares and long company B's shares.
Britain taxed windows from 1696 until 1851. Under the 17471757 tax​ rates, you would pay no tax if your home had 09 ​windows, but if your home had 1014 windows you would pay a tax of 6 pence per window for every window in your home. The window tax is similar to the U.S. income tax in that both are​ ___________. A. progressive taxes. B. regressive taxes. C. sales taxes. D. proportional taxes.
Answer:
A
Explanation:
A tax is a complusory sum levied byb the government or an agency of the government on goods and services.
Taxes increases the price of goods and services
Types of taxes
1. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A progressive tax ensures vertical equity.
The British system of taxation is an example of a progressive tax. This is because the more windows your house has, the wealthier the individual is. Individual with more windows, would pay a higher tax rate
2. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
A graduated income tax is also known as progressive tax
3. A proportionate tax taxes everyone the same regardless of the amount earned.
4. A sales tax is an example of consumption tax. It is levied on the sales of goods and services
In ________ organizational cultures, more individuality is shown through the organization's rules being less strictly applied.
Answer:
weak
Explanation:
An organization's culture describe the behavior of an organization. It comprised of the beliefs and values that should be shared in the organization
In the case when there is a weak organization culture so here the rules of the organization should be less strictly followed instead of more strictly followed as it is a weak organization structure
Therefore the weak should be the term that should be applied in the current situation
What is the difference between productive and service oriented professions Explain with examples
Answer:
Explanation:
Product vs Service Business
While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.
Local or Global Consumer Markets
In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.
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Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She earns $2,700 per year at her part-time job. She plans to take out a loan to cover the remaining tuition costs. Tuition will increase by $500 each year. If she completes college in 4 years, how much money will Michelle need to borrow
Answer:
$41,400
Explanation:
Tuition will increase by $500 each year
Year 1 tuition = $17,300
Year 2 tuition = $17,800
Year 3 tuition = $18,300
Year 4 tuition = $18,800
Total = $72,200
Scholarship per year = $5000
Total scholarship for 4 years = 4 * $5000
= $20,000
Earnings per year = $2,700
Total earnings for four years = 4 * $2,700
= $10,800
She plans to take out a loan to cover the remaining tuition costs
Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)
= $72,200 - ( $20,000 + $10,800)
= 72,200 - (30,800)
= 72,200 - 30,800
= 41,400
Loan = $41,400
Michelle need to borrow $41,400
A man who had been living with a woman in an old farmhouse left without warning. In a note, he told her that he was not coming back other than to get his possessions in the spring, and he told her not to touch them. Among his possessions was an extensive set of woodworking tools that he kept in a workshop. During the winter, the cost of heating the farmhouse, which the two had previously shared, became too high for the woman to pay. The manager of the local heating oil company agreed to provide heating oil in exchange for unlimited use of the woodworking tools. The man learned that the tools were being used by the manager of the heating oil company and sued the woman for conversion. No harm was done to the tools. If the woman prevails, what is the most likely reason
Answer: No harm was done to the tools
Explanation:
Most times people tend to bridge agreement that they had with other person's, especially when they find out the agreement will favour them. The woman had no right to give out the property of her co-tenant to oil company man, while the co-tenant has every right to sue her, but what would be her escape would be that the tools were still intact, while her reason would be that she wanted to maintain their stay there, which the option was a way to do it.
The Brazilian government wants to build a global satellite transmission system. The manufacturer will receive $500,000 above actual development costs, whatever those costs may be. Payment to the manufacturer of the satellite transmission system has been determined using:
Answer: cost-plus-fixed-fee pricing
Explanation:
The cost-plus fixed fee pricing refers to the pricing whereby the contractor is paid for the normal expenses that's incurred plus an additional fixed fee.
In this case, the satellite manufacturer will get a mutually agreed upon profit which is above all the costs that was involved in the project. Therefore, this refers to the cost-plus-fixed-fee pricing.
Of the various fees an applicant for a mortgage banker must pay in New York, which of the following is NOT one of those fees? A $1,500 fee for the home office requested An original mortgage banker bond of $50,000 A fingerprint fee of $94.25 A non-refundable $3,000 investigation fee
Answer: A $1,500 fee for the home office requested.
Explanation:
The fees that an applicant for a mortgage banker must pay in New York include the following:
• An original mortgage banker bond of $50,000
• A fingerprint fee of $94.25
• A non-refundable $3,000 investigation fee.
It should be noted that a $1,500 fee for the home office requested isn't among the fees to be paid.
what account is a affected when goods are sold on credit
Answer: account receivable account
Explanation:
The accounts receivable account simply refers to an asset account on the balance sheet which represents the money that is due to a business in the short term. It should be noted that the accounts receivables are created when goods are bought on credit by the buyer.
In such case, when the goods are sold on credit to the buyer, this will lead to a debit on the account receivable account and this will bring about an increase to the company's assets.
how can foreign employment play a significant role in raising the economic standard of people? (●-●)
Answer:
Answer to the following question is as follows;
Explanation:
Foreign work raises people's living standards and has become a significant source of international money. Foreign employment helps a country's unemployment crisis. Due to a lack of suitable employment opportunities in the domestic labour market, about 800,000 youngsters have gone abroad until Asar 2064.
Ludwig borrowed $700,000 for a
period of 2 years. His interest rate is
10%. How much interest will
Ludwig pay in all?
$[?]
Answer:
$140000
Explanation:
Principle = $700000
Rate = 10%
Time = 2 years
Simple interest = P x R x T / 100
Simple interest = 700000 x 10 x 2 / 100
Simple interest = 70000 x 2
Simple interest = $140000
Sheridan Company is planning to sell 900 boxes of ceramic tile, with production estimated at 670 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $20 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 3400 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted for manufacturing overhead for the month?
Answer:
$3,685
Explanation:
Calculation to determine the total amount to be budgeted for manufacturing overhead for the month
Using this formula
Total budgeted for manufacturing overhead =(Estimated boxes)(Quarter Hour Direct labor)(Per hour cost)*(Overhead applied rate)
Let plug in the formula
Total budgeted for manufacturing overhead =(670) (.25) ($20) (1.1)
Total budgeted for manufacturing overhead =$3,685
Therefore the total amount to be budgeted for manufacturing overhead for the month is $3,685
Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior
Answer:
Assumed in perfect Competition
Many buyers
Price taking behavior
Not assumed in perfect Competition
A small number of producers
Significant barriers to entry
Firms selling similar but different goods
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
After creating awareness that the firm's products or services exist, the next goal of integrated marketing communications is to generate consumer action. increase the level of interest among consumers. determine the level of desire needed to sustain action. gain the attention of the consumer. create intentions to purchase the product.
Answer:
increase the level of interest among consumers.
Explanation:
Integrated marketing communications has this basic idea the basic idea is to make sure they're all types of communications and messages I welded together they have to be well link together so that all promotional tools can work together in harmony.
The aims of integrated marketing communication includes
1. The creation of a brand awareness
2. Generating interest for products among the customers
3. Raising desire for the product
4. Trying to create sales of these products.
The answer to this question is increase the level of interest among consumers.
In one of the case studies in the textbook, Jerry Harkanell worked as an administrative assistant for a large San Antonio hospital, where his clerical duties included the submission of the payroll information for his unit. He found that he could add hours to the timesheets and receive extra pay. He continued to alter his timesheets until he was finally caught. What red flag was present that should have made someone suspicious
Answer:
There could have been multiple red flags in this overall case conduct like :
1. Continuous overtime from an employee should have been checked as what would be the reason behind it.
2. Ground reality should have been evaluated, like what are actual timings of Jerry's coming into office and going out.
3. Sheets of person-ell in second shift after Jerry should have also been checked.
A chef working at a restaurant is part of which type of career? O A. Management O B. Transportation C. Education D. Food service
D. food service is tge correct answer
important of doctor any five
Answer:
saving life, extending life, humanitarian work, controlling epidemic and conducting research
Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: Pop Hop AdvertiseDoesn't Advertise FizzoAdvertise10, 1018, 2 Doesn't Advertise2, 1811, 11 For example, the upper right cell shows that if Fizzo advertises and Pop Hop doesn't advertise, Fizzo will make a profit of $18 million, and Pop Hop will make a profit of $2 million. Assume this is a simultaneous game and that Fizzo and Pop Hop are both profit-maximizing firms. If Fizzo decides to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Fizzo decides not to advertise, it will earn a profit of $ million if Pop Hop advertises and a profit of $ million if Pop Hop does not advertise. If Pop Hop advertises, Fizzo makes a higher profit if it chooses . If Pop Hop doesn't advertise, Fizzo makes a higher profit if it chooses . Suppose that both firms start off not advertising. If the firms act independently, what strategies will they end up choosing
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A property owner owned a tract of land that he leased to a baker for 27 years. The baker built a large bakery on the property. The baker then sold the bakery building to a buyer, assigning the lease with the property owner's approval. The buyer has failed to make a rent payment for several months and has also failed to build the cafe that the baker had agreed to build in the original lease. Who can the landlord of the property hold liable
Answer: The Baker
Explanation:
Payment is a form of contract and until payment has been done with papers signed it is not yet an agreement or a contract. The baker is still liable for anything that has to do with the land, the buyer has not paid any money and is not responsible. The landlord would hold the baker accountable, while the baker has to keep in touch with the buyer to know his interest in the property but till then, the baker is to be held accountable.
The relation between quality & the human resource function
Explanation:
Human resource management play a crucial part in the whole quality management project implementation. The benefits of TQM procedures include increased quality, efficiency, and customer happiness, with Human Resource Management playing a key part in facilitating TQM activities.
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal Rate Compounded Time $ 7000 8 % annually 4 years A. Find how much money there will be in the account after the given number of years. B. Find the interest earned.
Answer:
Results are below.
Explanation:
Giving the following information:
Present value(PV)= $7,000
Number of periods (n)= 4 years
Interest rate (i)= 8% annually
To calculate the future value of the investment, we need to use the following formula:
FV= PV*(1 + i)^n
FV= 7,000*(1.08^4)
FV= $9,523.42
Now, the interest earned:
Interest earned= FV - PV
Interest earned= 9,523.42 - 7,000
Interest earned= $2,523.42
The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from high school and will only work the three summer months before leaving for college. After the initial week of training, the manager continues to scrutinize and direct them in every detail of their job. Each time they make a mistake they are reprimanded, told their pay may be docked, and reminded that there are always other people who will gladly take their place. This manager is using the approach to management known as:
Answer:
Theory X
Explanation:
It is correct to say that this manager is using the management approach known as theory X, which is a philosophy that says employees work only for the benefits they receive, and that they avoid job responsibilities, so management must be inflexible and follow the hierarchy of functions, with the manager being responsible for a high degree of supervision of the work and the responsibility of the employee for any error.
Theory X may not be ideal for the current administration, where the focus of organizations are people and the formation of a culture focused on innovation and collaboration.
Mr. Smith has an income of $40,000 this year and $60,000 next year. He can invest in a project that costs $30,000 this year, which generates an income of $36,000 next year. The market interest rate is 10% (Mr. Smith can both lend and borrow at this rate). What will be his consumption next year if Mr. Smith invests in the project and consumes $50,000 this year
Answer:
"$52,000" is the correct answer.
Explanation:
Given:
This year income,
= $40,000
Next year income,
= $60,000
Market interest rate,
= 10%
or,
= 0.1
Now,
The next year consumption will be:
= [tex][40,000 - 30,000 - 50,000]\times 1.1 + (60,000 + 36,000)[/tex]
= [tex]-40,000\times 1.1+96000[/tex]
= [tex]-44000+96000[/tex]
= [tex]52000[/tex] ($)
The owner of a small fleet of taxicabs had his cabs serviced by a national chain of auto service centers. One of his cabs went through a stop sign when its brakes failed without warning. The ensuing collision seriously injured the passenger. An investigation revealed that brake repairs had been made on the cab a week before, but the service center's mechanic had used the wrong parts and had made numerous errors in reassembling the brakes. If the passenger sues the cab company owner for her injuries, who should prevail
Answer:
if you are asking who should prevail in this scenario, its most likely the mechanics.
Explanation:
first off, its the fleet owner who has taken the cabs to that certain mechanic,
therefore he is responsible for the first move, but on the other hand, the mechanics shouldnt be working on cars like taxicabs in the first place with out a license if they DIDNT have one in this case. if they didnt then they would be the ones most likely to lose the case. and another reason, the mechanics knew what theyre doing but never hesitated on switching plans for other brake parts. so in this case, its the mechanics who should prevail.
Johni is the CEO of a struggling company. She has listened to her employee's complaints and concerns about where the corporation is going and has developed a new vision that she feels will help develop a common bond throughout the organization. Johni then hosted a company-wide picnic where she delivered an inspiring speech about the new plans for the business, including her plans for more open communication between management and employees. After her speech, management and employees all participated in trust building exercises and each employee had a one-on-one conversation with Johni. What type of leadership theory most resembles Johni's actions
Answer: Transformational Leadership
Explanation:
Transformational Leadership could be described as a process where a leader is able to communicate plans, aim and goals with his or her team and they respond with improvement and rapid growth. Their growth was as a result of the leaders effect among them.
Johni can be seen as carrying out a transformational leadership due to she's able to turn around the tide of the with her employees as they now perform better based on her leadership pattern.
ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because
Answer: it was not backed up with strategic commitments.
Explanation:
The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.
Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.
Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.
Country A is a developing country that has a significant population and represents a sizable market for a wide range of products. It has a strong growth rate and is considered a regional economic driver. Based on this information, Country A can be classified as a ________ market.
Answer:
big emerging
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Pure capitalism economy.
In this scenario, Country A is a developing country with a significant population that indicates a sizable market for a wide range of products. Also, the growth rate of clCountry A is very strong and is considered a regional economic driver.
Based on this information, Country A can be classified as a big emerging market because it's capable of growing very fast to compete with other markets.
The United States Food and Drug Administration requires manufacturers of processed foods to publish nutrition information on the packaging at a considerable cost to the firms. How does this requirement affect economic​ efficiency? A. It moves the market toward economic efficiency because the additional information represents a positive externality that the FDA is forcing firms to internalize. B. It moves the market toward economic efficiency by reducing the market failure caused by a lack of​ information, enabling consumers to make better informed decisions regarding nutrition. C. It moves the market away from economic efficiency because the additional cost of​ labeling, which is not accounted for in the market​ price, creates a market failure. D. It moves the market away from economic efficiency because the additional cost of labeling adds little value but raises the price of food above marginal cost.
Answer:
A. It moves the market toward economic efficiency because the additional information represents a positive externality that the FDA is forcing firms to internalize.
Explanation:
The US food and drug administration needs to follow some standard procedure such as the placing of labels and identifying marks on the products so as to provide additional information to the consumers and clients. This helps both consumers and the company by setting up goodwill and enhances their productivity.