HELP PLEASE
Q1 How would you describe Snap-On Tools' competitive strategy? Does it fit a price or non price model? Explain (4)
q2 How are the free enterprise " freedoms" of ownership and profit depicted in this scenario on Snap- On Tools? (4)
Q3 Is there any risk for the franshised dealers who purchase the truck, tools and equipment from Snap- On? ( 2)
Answers
Answer:
Q1. Non price model
Q2. How free enterprise "freedom" of ownership and profit are demonstrated includes
1) Snap-on tools ability to make and sell their tools for profit
2) Snap-on tools ability to sell out of mobile trucks, rather than store
3) Snap-On tool is able to offer credit financing to the its customers
Q3 The risks are,
a) Damage to reputation
b) Joint liability
c) Compliance to commercial regulations
Explanation:
A non-price competition is a form of marketing strategy, whereby a company or establishment puts in place distinguishing factors in its goods and or services, in order to distinguish them from competing goods or services.
Related Questions
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
Answers
Answer:
-1.5
Explanation:
Given the following :
Rothschild index = 0.6
Elasticity of demand for total market = - 0.9
Annual sale = $1,450,000
Elasticity of demand for a representative retailer's product :
Using the Rothschild demand Elasticity relation:
Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product
0.6 = - 0.9 / Elasticity of demand for a representative retailer's product
Elasticity of demand for a representative retailer's product = - 0.9 / 0.6
= - 1.5
Why does a business often reach a point at which adding more resources does not increase productivity or profits at the same rate it used to? (diminishing returns, stages of production)
Answers
Answer:
diminishing returns
Explanation:
Diminishing returns are based on the economic concepts founded on the law of diminishing marginal returns. This law provides that after some optimal production level is achieved, the continuous addition of input will lead to a decreased output rate.
Diminishing returns is when productivity increases at a decreasing rate as more input are used while holding other factors constant. Once productivity arising from an input hits its peak, additional employment of that resource will result in a decreased or negative productivity. For example, if input labor is added to a factory, new workers will improve productivity until the factory reaches its maximum capacity. Hiring more workers after the factor hits its peak will result in a decline in labor productivity.
what degree is this?
a degree awarded by a university after completion of 2 or more years of work beyond a masters degree
Answers
Answer:
doctorate
Explanation:
I Need Help ASAP!!!
1)Purchasing an insurance policy is an example of what approach to risk mitigation?
•Tolerate
•Transfer
•Terminate
•Treat
2)Working through your lunch break is a good way to get more done.
•True
•False
3)The Rhode Island System employed workers as young as age
•seven.
•nine.
•twelve.
•fourteen.
4) A lack of resources may lead a company to take which approach to risk mitigation?
•Tolerate
•Transfer
•Terminate
•Treat
5) What type of manufacturing employee is usually in charge of creating work schedules?
•Operator
•Operations manager
•Assembly line worker
•Quality manager
6)The Equal Opportunity Employment laws ensure that all workers
•get regular breaks.
•receive a raise once a year.
•are treated fairly.
•have union rights.
7) A punctual employee has a sense of
•integrity.
•self-discipline.
•pride.
•personal responsibility.
8) Emotions can impede active listening.
•True
•False
9) Data collected as a result of a process is referred to as
•information processing.
•material processing.
•feedback.
•output.
10) The term laissez-faire
comes from the French word meaning
•let do.
•make do.
•make happy.
•be happy.
Answers
Answer:
8.treat people fairly
Hannah works in a factory that makes hearing aids. She is part of a team that designs how the electrical components are put together and encased. What kind of education or experience most likely prepared Hannah to qualify for this position?
A. an apprenticeship with another hearing aid maker
B. a bachelor's degree in electrical engineering
C. an internship at a hearing screening clinic
D. a doctorate in medicine
Answers
Answer
A Bachelor's Degree in electrical engineering.
Explanation:
She needs the knowledge of how to setup a hearing aid and they have electrical parts. So she is going to need that Bachelors Degree.
After settling a legal dispute, Frank must chose one of two settlement
payment options. He can either receive an immediate lump sum payment of
$250,000, or he can receive an installment payment package with annual
payments of $25,500 spread out over a span of 10 years. Which would likely
be more beneficial to him, and why?
A. The installment package would be better because it would prevent
him from spending all of his money immediately.
B. The immediate payment would be better because it is more
money overall.
C. The immediate payment would be better because he could use the
money immediately to invest it in a safe, low return account.
D. The installment package would be better because he'll have more
money in 10 years than with the lump sum.
Answers
After settling a legal dispute, Frank must choose The immediate payment of $250,000, because it would be better as he could use the money immediately to invest it in a safe, low-return account. Therefore, option C is the correct option.
What is investing?
Investing or investment is a financial term. It is both a tool and a source to generate wealth and income. Investment means putting the money in respect of an object, as the value of the objects differs with time so the value of the money will also differ accordingly. This fact about investment makes it both, risky and profit-making at the same time.
Thus, after a legal dispute is resolved, Frank must select the $250,000 immediate payment because it would be preferable because he could use the money right away to invest it in a secure, low-return account. As a result, choice C is the best one.
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_________obtain goods from manufacturers and sell them to consumers.
Answers
Answer:
market?
Explanation:
cause in the end it says sell them
Answer: sellers
The producer is the manufacturer of the item/product.
The seller is the person who buys the item from the manufacturer.
The consumer is the one who buys the item again from the seller.
Hope this helps you!
One of the FBLA-PBL's goals is creating more interest in and understanding of
American business______
A. services
B. products
C. enterprise
D. mentorships
Answers
Answer:
C. enterprise
Explanation:
It says on its website where you click on their about page and scroll down to their goals.
Answer:
enterprise
Explanation:
FBLA-PBL is a non-profit organizations that was created to provide help for students who wanted to transition from their school life to the business world.
FBLA focused their operation to help students middle school-high school while PBL focused their operation to help students in College.
This organization taught the students with a couple of knowledge from Industry's expert about how to run and operate a businesses. They teach the students about things such as:
- a list of knowledge or expertise that will be seen as a valuable skill in a certain industry,
- what to expect when they're interacting with their customers and employers,
- how to deal with investors,
- etc.
The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table, and then calculate the annual inflation rate for each year (not including the base year).
Instructions: Round your answers to 2 decimal places.
Answers
Answer:
Year Nominal wage Real wage Price level Inflation rate
1 $7 $5 140 Nil
2 $9 $6 150 7.14 %
3 $12 $7.5 160 6.67 %
Explanation:
Note: The table for the question is attached as picture
Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100
Price level in Year 1 = ($7.00 / $5.00) * 100
Price level in Year 1 = 1.4 * 100
Price level in Year 1 = 140
Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.
Real wage in Year 2 = ($9.00 / 150.00) * 100
Real wage in Year 2 = $6
Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.
Nominal wage in Year 3 = ($7.50 * 160) / 100
Nominal wage in Year 3 = $1,200 / 100
Nominal wage in Year 3 = $12
Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.
Inflation rate in Year 2 = (150 - 140) / 140
Inflation rate in Year 2 = 10 / 140
Inflation rate in Year 2 = 0.0714
Inflation rate in Year 2 = 7.14 %
Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.
Inflation rate in Year 3 = (160 - 150) / 150
Inflation rate in Year 3 = 10 / 150
Inflation rate in Year 3 = 0.0667
Inflation rate in Year 3 = 6.67%.
Price level in year 1 , Real wages in year 2 , Inflation rate in year 2 and Nominal wages in year 3 are 180, 8, 11.11% and 18 respectively.
Inflation based problem:Missing information is given in the picture below.
Computation:
Price level in year 1 = [NW / RW]100
Price level in year 1 = [9 / 5]100
Price level in year 1 = 180
Real wages in year 2 = NW[100 / Price level in year 2]
Real wages in year 2 = 16[100 / 200]
Real wages in year 2 = 8
Inflation rate in year 2 = [tex]\frac{Price\ level \ in \ year 2 - Price\ level \ in \ year 1}{Price\ level \ in \ year 1} \times 100[/tex]
Inflation rate in year 2 = [tex]\frac{200-180}{180} \times100[/tex]
Inflation rate in year 2 = 11.11%
Nominal wages in year 3 = [tex]\frac{Real \ wages \times price \ level \ in \ year 3}{100}[/tex]
Nominal wages in year 3 = [tex]\frac{7.50 \times240}{100}[/tex]
Nominal wages in year 3 = 18
Find out more information about 'Nominal wages'.
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What so AIA,SAG,AMA stand for
Answers
Answer:
AIA stands for American Institute Of Architects
SAG stands for Screen Actors Guild
AMA stands for American Medical Association
Explanation:
Individual A sells a rental building, its office equipment, furniture and fixtures, and its land to Individual B. Individual A realizes a gain on the sale of the building, equipment, furniture and fixtures, and land. Individual A rented the building to commercial tenants. What is the character of the gain realized?
Answers
Answer:
Recognized gain
Explanation:
The character of the gain is Recognized gain. A recognized gain is a gain/profit that is gotten from the sale of one's asset when the asset is sold above the price that was initially paid for the assets. Therefore individual A after selling the Rental buildings, office equipment, Furniture and Land to Individual B, still rents the Building to commercial tenants in other to realize the remaining gain, from the sale of the assets.
Mr. Alex is the marketing manager of the company and he wants to implement a new way to promote the products in the market but his senior manager did not permit him and forced him to work strictly in accordance with the plan. Which limitation of planning is highlighted in this case
Answers
Answer: Planning reduces creativity
Explanation:
Under Planning reduces creativity, all team menbers are instructed or directed to work within the frame given by the management to them, working outside the frame of what was issued would go against the directives of the organization. This type of limitation of planning limits creativity, because members won't be able to introduce ideas to advance the growth of the team.
There are at least three ways to submit a cover letter to an employer. Which methods are
most effective in your industry? Why do you think this?
Answers
Answer:
Introduction, Sales Pitch and Conclusion.
Explanation:
3 . Relationship between tax revenues, deadweight loss, and demandelasticity
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by DC (on the first graph), and the demand for bus passes is shown by DB (on the second graph).
Suppose the government taxes concert tickets. The following graph shows the annual supply and demand for this good. It also shows the supply curve ( S+Tax ) shifted up by the amount of the proposed tax ($60 per ticket).
On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for concert tickets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.
Answers
What are the limitations of an MkIS?
Answers
Answer:
Limitations do exist with an MIS, such as the expense to create and implement an MIS, training time for employees, lack of flexibility and capturing wrong or incomplete information.
Explanation:
It is standard procedure to reject a job offer during the interview so you do not waste the time of the interviewer.
Please select the best answer from the choices provided
T
F
Answers
Answer:
False.
Explanation:
In an interview for a job, there is no specific rule to be followed that an interviewee must follow. An interview is a perfect time to get to know more about the company's needs and also to advertise yourself.
But in case the job is no something that you like, then you must call the interviewer back and thank them for their time and also tell them the reason for the job rejection. Moreover, it is unethical to abruptly decline any job offer. Also, rejecting a job during the interview is not a standard procedure, for it will only make you seem more unethical and disrespectful.
Therefore, it is not true that rejecting a job on the spot during an interview is a standard procedure.
the answer would be false !! :'D
According to the video, some workers who work for themselves, such as Actors, Musicians, or Writers, may have what
sort of worker represent them to potential customers?
O an Agent
O a Headhunter
an Employer
a Mentor
Answers
Answer:
an Agent
Explanation:
just answered it and got correct
Answer: Agent
Explanation: just got it right on edge
Which of the following is most likely to be a primary data source:
a. A sales invoice
b. A customer record
c. An expense report
d. A customer survey
Answers
Answer:
d. A customer survey
Explanation:
Data collected by researchers for the first time for a specific study is primary data. A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.
Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.
when receiving inventory, you should do which of the following?
Answers
Answer:
what are the answers
Explanation:
Identify a circumstance outside the economy that can cause unemployment.
A. The United States hosts the Olympic Games
B. A hurricane damages the Gulf Coast
O
C. A new museum opens in the city of Dallas
O
D. The northeast experiences a summer heat wave
Answers
Answer:
B. A hurricane damages the Gulf Coast
Explanation:
If a hurricane occurs, it would destroy businesses and this can cause unemployment.
If the United States hosts the Olympic Games and if a new museum opens in the city of Dallas, employment would increase
What are the characteristics of open and honest communication?
Answers
Answer:
being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.
Explanation:
i’m pretty sure the answer is speaking truthful thoughts
write any five points to be considered while selecting an occupation
Answers
Answer:
Here are the top five things that you should consider when choosing a new education or career path.
Your Happiness. It may sound cliché, but the number one thing that you should consider when choosing a career is your happiness. ...Marketability. ...Social Environment. ...Your Work Style. ...Your Priorities.Five points that one should considering in selecting an occupation are Personal Interests, Strengths, Required Education and Training, Career Marketability, and Personal Values.
One's Personal Interests must be considered as the foremost factor when choosing an occupation. This simply means that the occupation or career should align with the person's interests. For example, if you are interested in caring for others, you can consider a career in nursing.
Strengths: These include the person's natural talents, acquired skills, and developed abilities. Aligning an occupation with your natural strengths make way for career success and happiness.
Every occupation requires some level of education or training to carry out the job according to specified performance criteria. The person choosing an occupation should discover the educational or training requirements before engaging in it.
Other factors to consider are personal value system and the marketability of the chosen occupation. If your choice of occupation is not required in the market, it does not create any value for the person. Alignment of personal value to one's occupation is also important. For example, if you do not support abortion, it will be wrong working in Planned Parenthood International.
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what would happen if the Federal Reserve chairman says that the central bank will raise interest rates. which and how would it affect food prices, housing or oil?
Answers
Explanation:
What are the answered choices
Identify what type of unemployment each of the individuals faces. James is an architect who has been laid off owing to a slump in the demand for property. He feels he will have to wait until the economy picks up before he can get a new job. James is facing structural unemployment. Eric is an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular. He is confident he can get a new job and has already rejected a number of offers. Eric is facing cyclical unemployment. Craig lost his job several months ago. He is having a hard time finding a job that pays him more than unemployment insurance does.
Answers
Answer:
James is facing cyclical unemployment
Eric is facing frictional unemployment
Craig is facing structural unemployment
Explanation:
Cyclical unemployment is unemployment that occurs as a result of fluctuations in the economy. When there is a down turn in the economy, unemployment increases and when there is a boom, unemployment decreases
Frictional unemployment is the time a person is unemployed between the time he leaves his job and the time he gets another one.
Structural unemployment is a type of unemployment that occurs when there is a mismatch between the skills a worker has and the jobs that are available
Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA
Answers
Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the same product?
Answers
Answer:competitive advertising
Explanation:
I’m not for sure but I think that might be the answer
Answer: competitive advertising
Explanation:
if on online course it is what was right
Question:4
Krishna Furnishers Martstarted its operations in the year 1954 and emerged as the market leader in the industry
because oftheir original designs and efficiency in operations. They had a steadydemand fortheir products but overthe
years, they found their market share declining because of newentrants in the field. The firm decided to review their
operations and decided that in orderto meet the competition, they need to study and analyze the market trends and
then design and develop their products accordingly. List any two impacts of changes in business environmernt on
Krishna Furnishers Mart's operations. (Hint: increase in competition and Market orientation)
Answers
hey this is for thebeauty4evr19 so don't take it or im reporting u
Answers
Answer:
ty
Explanation:
Gregory is the marketing head of his company. His company has been manufacturing and selling canned processed foods for decades. These canned foods have been widely sold all across the nation. Consumers have grown to identify his company's brand of canned foods. What type of product advertisement should Gregory use to sell his company's canned food
Answers
Answer:
the answer is D. Its not c
Explanation:
ECON Good morning can someone answer this ASAP
Answers
Answer:
D
Explanation:
Answer:
According to the Law of Demand: When the price of a product increases, the demand for the same product will fall.
So, the answer is 'A. the product's price increses