Based on the projected demand (volume) for the semester, they should select pre-bake process type. Beyond the breakeven point of 389.74 units, easy break process would be best .
What is the projected demand for a business plan?In order to effectively manage supply chain operations, profit margins, cash flow, capital expenditures, capacity planning, and other factors, it is necessary to understand and predict customer demand. This process is often known as demand forecasting.
Given:
The total cost of 200 dozen cookies as per pre-bake process
= $ 154 + ( $1.75 + $0.65) x 200 = $634
The total cost of 200 dozen cookies as per easy bake process
= $306 + ( $1.53 + $0.48) x 200 = $ 306 + $402 = $ 708
The total cost of 200 dozen cookies as per speed bake process
= $ 531 + ( 1.35 + 0.48) x 200 = 531 + 366 = $897
Since pre-bake process has the lowest cost , this process must be selected
Profit for the Pre -bake process
= Unit price x number of units – total cost
= $3.95 x 200 - $634
= $790 - $634
= $156
Profits for the semester = $156
Let the breakeven volume = V
Hence,
Total cost of pre – bake process for volume V = 154 + ( 1.75 + 0.65).V = 154 + 2.4.V
Total cost of Easy – break process for volume V = 306 + ( 1.53 + 0.48).V = 306 + 2.01.V
Total cost of Speed Bake process for volume V= 531 + ( 1.35 + 0.48).V = 531 + 1.83.V
At breakeven point between pre-bake and easy-bake process :
154 + 2.4.V = 306 + 2.01.V
Or, 0.39V = 152
Or V = 389.74
At break even point between easy bake and speed brake process :
306 + 2.01.V = 531 + 1.83.V
Or, 0.18 .V = 225
Or, V = 1250
Beyond the breakeven point of 389.74 units, easy break process would be best .
It is to be noted that current demand is 200, for which pre-bake process is the cheapest
Total cost at breakeven point of 389.74 basis pre bake process :
Total cost
= 154 + 2.4.V
= 154 + ( 2.4 X 389.74)
= 154 + 935.37
= $ 1089.37
The total cost at break-even point= $1089.37
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Companies such as John Lewis worry
about the increasing cost of customer
returns. They see two main options:
Option 1: Charge customers the actual cost
of delivery, as would happen if items were
posted.
♦ Option 2: Continue with free delivery,
forcing shop customers to subsidise online
ones.
Justify which one of these two options a business such as John Lewis should choose. (9)
Answer:
The decision of whether to charge customers the actual cost of delivery or continue with free delivery for customer returns is a complex one and will depend on a variety of factors, such as the business's overall strategy, the cost of returns, and customer expectations.
Option 1: Charging customers the actual cost of delivery for returns could help to reduce the overall cost of returns for the business. This approach would incentivize customers to be more mindful of their purchases and less likely to return items. It could also help to increase the business's revenue, as customers would have to pay for delivery. However, this approach could also lead to a decrease in customer satisfaction and loyalty, as many customers expect free delivery. It could also lead to a decrease in sales as customers might prefer to shop elsewhere if they have to pay for delivery.
Option 2: Continuously with free delivery, forcing shop customers to subsidize online ones, could help to maintain customer satisfaction and loyalty. This approach would make it easy for customers to return items, which could lead to an increase in sales as customers would be more likely to make purchases if they know they can easily return them. However, this approach could also lead to an increase in the cost of returns for the business, as more customers might take advantage of the free delivery option.
Ultimately, the decision of which option to choose will depend on the specific circumstances of the business and its customers. The business should weigh the potential benefits and drawbacks of each option and carefully consider the impact on customer satisfaction and loyalty, sales, and costs.
Which of the following is a CIA characteristic that ensures that only those with sufficient privileges and a demonstrated need may access certain info?
A. Integrity
B. Authentication
C. Availability
D. Confidentiality
Confidentiality is a CIA characteristic that ensures that only those with sufficient privileges and a demonstrated need may access certain information.
Project scope management ensures that the project plan only includes the activities required to complete it.
Confidentiality- is the property of information that allows only those with appropriate privileges and a demonstrated need to access it. The quality or state of being whole, complete, and uncorrupted is referred to as integrity.
The CIA Triad is a popular information security model. It directs an organization's efforts to secure data. The three principles of cybersecurity—confidentiality, integrity, and availability (CIA)—form the foundation of a security infrastructure.
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If the federal government decreases its expenditures on goods and services by $10 billion and decreases taxes on personal incomes by $10 billion, which of the following will occur in the short run?
A) The federal budget deficit will increase by $10 billion
B) The federal budget deficit will decrease by $10 billion
C) Aggregate income will remain the same
D) Aggregate income will increase by up to $10 billion
E) Aggregate income will decrease by up to $10 billion
Aggregate income will increase by up to $10 billion will occur in the short run. The overall money made by people and businesses in the economy is known as aggregate income. Thus, option D is correct.
The adjustments for taxes and inflation are not included in aggregate income. Aggregate income indicates how much money people and firms really make, whereas aggregate production represents all the products and services generated in an economy. Although none of these two ideas are exactly suited to GDP, it performs an excellent job of approaching both.
Conceptually, this makes sense because aggregate production and aggregate income each define the economic engine that creates wealth. The first, aggregate production, explains the issue from the perspective of productivity, while the second, aggregate income, approaches the issue from the perspective of income.
Therefore, option D is the ideal selection.
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suppose that before you began your college application process, you were offered a job to work as a floor-trainer at a local fitness center, accompanied by a yearly salary of $30,000 (after taxes). assume however that you decided to turn down this offer and instead attend a year of college. the total monetary cost of the year of college, including tuition, fees, and room and board expenses, is $42,000. You decide to go to college, probably because ?
You decide to go to college, probably because you value a year of college at more than $ 72,000.
What is the monetary cost?In economics, the term "cost" refers to the total amount spent making a product. Cost is the sum of both explicit and implicit costs in economics. Explicit Cost: An explicit cost is the actual amount spent on inputs or the amount paid to third parties for using their factor services.
Why is the unit of money important?Business transactions should only be recorded if they can be expressed in terms of a currency, according to the monetary unit principle. To put it another way, a company's financial records should not include anything that cannot be measured. In accounting, money has become the standard unit of measurement over time.
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seattle-based theo chocolate makes organic and fair trade chocolate bars. its management team includes ceo etienne patout. suppose patout were considering whether theo chocolate should branch out and start selling other items in addition to its chocolates, such as locally made baked goods. this is a strategic decision. to make this decision, patout would have to take which of the following actions? check all that apply.
In enterprise-wide strategy, leaders analyze the impact of their decisions and the decisions they make.
What is mean by Business- Level Strategy and Corporate- Level Strategy?
Business-level strategy is a plan of action designed to achieve a competitive advantage in the marketplace. It focuses on a single product or market segment, and is typically implemented by a specific business unit (e.g. a product line, a store, or a division). The goal of business-level strategy is to create and sustain a competitive advantage over its rivals. Corporate-level strategy focuses on the overall direction of the entire organization. It includes decisions about diversification, resource allocation, and investments in new products and services, as well as decisions about the organization's corporate structure and culture. The goal of corporate-level strategy is to maximize the company's long-term value and profitability. The statements that apply to make decision: Determine what kinds of industries Theo Chocolate should be in. Identify the profitability profile for different types of products. Evaluate the resources the company has available to allocate between the chocolate industry and the baked goods industry.
It focuses more on growth and profit, i.e. in the long term, while the strategy at company level is more market oriented, here the company itself analyzes the environment and makes decisions to be competitive in the market.
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Complete question
seattie-based Theo Chocolate makes organic and Fair Trade chocolate bars. Its management team includes CEO Etienne Patout. Suppose Patout were considering whether Theo Chocolate should branch out and start selling other iterns in addition to its chocolates, such as locally made baked goods. This is a strategic decision. To make this decision, Patout would have to take which of the following actions? Check all that apply. Determine what kinds of Industries Theo Chocolate should be in. Choose whether to adopt a low-cost, differentiation, or focus structure for the new industry. Identify the profitablity profle for different types of products. Evaluate the resources the company has avallable to allocate between the chocolate industry and the baked goods industry. ZombieSmith manufactures ganvine miniatures. Its highly specialized products and targeted customer base indicate that Zombiesmith is using a(n) to goin a competitive advantage. technque used by Proctor 5 Gamble is meant to minimize risk by selling a large number of diverse prođucti. inexpenslvely, whth many ikems made from neiovatwe fabrics. Sorne aspects of UNIQtOs strategy appeac to be in line with Porter's diffecentiation strategy. While others are more aligned with overali cast leaberthig. If ureichoo becided to gitect its matketing towerd people between the ages of 16 and 30 , it would be wsing แाтstegy. Wonsider the four types of strategies in the Miles and Snow Typolagy and then choose the best answer: During the first 10 months of 2014, spending-per-customer dedined at UNIQLO's stores in Japan, As a result, beginning in October 2014, top management changed the focus of the company's marketing. Instead of emphasizing low prices, the company began highilighting its use of highqualty materials to restimulate interest in its current dothing lines, and it continued to look at aggressively expanding the number stores in various countries. Which type of strategy was UNIQLO using? Reactor Analyzer Prospector Defender Given that UNIQLO is in the growth stage, with demand high and little competitian, which of the following would be appropriate activities to include in the company's short-term plan? Examine data from the 17 existing U.S. soeses to understand the shopping habote of UNIQLO' U.S. customers Advertise on a local radio station Pewearch whether supplies whe be sufticent to provide necessacy inquts to the manufacturing planta Mesestch demograptik projections tor U 5 . consurners and their shopping habits
the following information applies to the questions displayed below.] pastina company sells various types of pasta to grocery chains as private label brands. the company's reporting year-end is december 31. the unadjusted trial balance as of december 31, 2024, appears below. account title debits credits cash $ 35,200 accounts receivable 42,800 supplies 2,900 inventory 62,800 notes receivable 22,800 interest receivable 0 prepaid rent 2,400 prepaid insurance 8,800 office equipment 91,200 accumulated depreciation $ 34,200 accounts payable 33,800 salaries payable 0 notes payable 52,800 interest payable 0 deferred sales revenue 3,400 common stock 79,600 retained earnings 35,500 dividends 6,800 sales revenue 160,000 interest revenue 0 cost of goods sold 84,000 salaries expense 20,300 rent expense 12,400 depreciation expense 0 interest expense 0 supplies expense 2,500 insurance expense 0 advertising expense 4,400 totals $ 399,300 $ 399,300 information necessary to prepare the year-end adjusting entries appears below. 1. depreciation on the office equipment for the year is $11,400. 2. employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. salaries earned from december 16 through december 31, 2024, were $1,450. 3. on october 1, 2024, pastina borrowed $52,800 from a local bank and signed a note. the note requires interest to be paid annually on september 30 at 12%. the principal is due in 10 years. 4. on march 1, 2024, the company lent a supplier $22,800, and a note was signed requiring principal and interest at 8% to be paid on february 28, 2025. 5. on april 1, 2024, the company paid an insurance company $8,800 for a one-year fire insurance policy. the entire $8,800 was debited to prepaid insurance at the time of the payment. 6. $890 of supplies remained on hand on december 31, 2024. the company received $3,400 from a customer in december for 1,450 pounds of spaghetti to be delivered in january 2025. pastina credited deferred sales revenue at the time cash was received. 7. on december 1, 2024, $2,400 rent was paid to the owner of the building. the payment represented rent for december 2024 and january 2025 at $1,200 per month. the entire amount was debited to prepaid rent at the time of the payment.
To track office equipment depreciation for the year: Debit: Cost of depreciation: $11,400 Credit: $11,400 in accumulated depreciation To document the wages received between December 16 .
and December 31, 2024: Debit: Expense for Salaries $1,450 Credit: $1,450 in Payable Salaries To note the bank loan's yearly interest: Debit: $6,336 in interest expenses Credit: $6,336 in Interest Due To reflect the note receivable's yearly interest: Debit: $1,824 in interest incomeCredit: $1,824 in Interest Due To document the utilization of the paid insurance: Debit: $2,133 in insurance costs Credit: $2,133 in Prepaid Insurance To keep track of the supplies' usage: Debit: $890 in supplies costs Credit: $890 in supplies To document how the rent deposit was used: Debit: Rental Charges $1,200 Credit: $1,200 in Prepaid Rent In order to reflect the deferred revenue .
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hayim accardi is the accounting manager for a small, local firm with full- and part-time staff. how do flsa guidelines regarding working hours apply to hayim's employees? note: you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.
Minimum wage considerations for both salaried and hourly workers-checked
Whether the company is required to abide by the FLSA (no interstate commerce)-checked
Maximum hours-checked
Minimum age- checked
Pay rates-checked
Mandatory break periods-checked
What is a wage?Wages are sums of money paid to an employee by their employer for labor done over a certain period of time.
Minimum wages, relevant wages, compensating payments like annual bonuses, and compensatory payments like gifts and gratuities are a few examples of wage payments.
The amount of hours worked affects an individual's income, which is determined by the hourly rate.
While wages are given to unskilled and semi-skilled labor, salaries are typically connected with skilled labor.
denotes an hourly, daily, weekly, or biweekly payment for services given. "A wage is the amount contractually paid by an employer to an employee for services rendered."
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Nuru Meda Golf and Driving Range plc was opened on March 1 by Nuru. The
following selected events and transactions occurred during March.
Mar. 1 Invested Br.120,000 cash in the business in exchange for ordinary
shares.
3 Purchased Mechare Meda’s Golf Land for Br. 76,000 cash. The price
consists of land Br. 20,000, building Br. 44,000, and equipment Br.
12,000. (Make one compound entry.)
5 Advertised the opening of the driving range and miniature golf course,
paying advertising expenses of Br. 3,200.
6 Paid cash Br. 2,480 for a 1-year insurance policy.
10 Purchased golf equipment for Br.5,000 from Young Company, payable in
30 days.
18 Received golf fees of Br.2,400 in cash.
25 Declared and paid a Br.2,000 cash dividend.
30 Paid salaries and wages of Br.1,800.
30 Paid Young Company in full.
31 Received Br. 1,500 of fees in cash.
Snyder uses the following accounts: Cash, Prepaid Insurance, Land, Buildings,
Equipment, Accounts Payable, Share Capital—Ordinary, Dividends, Service
Revenue, Advertising Expense, and Salaries and Wages Expense.
Instructions
Journalizing the March transactions of Nuru Meda Golf and Driving Range Plc is as follows: March 1 Debit Cash Br. 120,000. Credit Share Capital—Ordinary Br. 120,000.
What are transactions?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction.
The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping.
In the world of accounting, transactions can be more complicated because corporations may strike an agreement today that won't be settled until some future time.
They may also have known but unpaid income or expenses. Transactions with third parties may also make things more difficult. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later.
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In late 2022, P&S Corp sells product to a client who, instead of paying cash, signs a non-interest-bearing note promising to pay in three years. This amount is based on a 6% interest rate, resulting in the present value of the note being $150,000. How much sales revenue will be recorded for this sale in 2022?
Zero interest bearing notes are debt obligations that have been issued by a company but have no dividend yield associated with them.
What is a non-interest-bearing note ?The issuing corporation is not compelled to continue paying interest to investors after the issuance of such securities. These are also referred to as zero-coupon bonds.
Because they are not subject to periodic interest, the corporation issues zero interest bearing notes at a significant discount to their face value. These securities also have a fixed maturity length. Every time the notes mature, the company is required to give the investors their full face value back.
Hence the amount of sale will be recognized
= $150000/1.06^(4)
= $ 1,18,841
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which of these alternatives is the best choice for the denominator of the overhead rate for anagene? group of answer choices projected production volume average prior production volume practical capacity of the entire production process practical capacity of each step in the production process
The concept is the Expected Capacity, which is a short-run level based on demand, and; it minimizes under or overapplied overhead An answer is an option, B.
If the actual product differs from the specified capacity, there is a quantity deviation. This difference corresponds to the over- or under-application of the increase. Expected volume is expected for the period.
So using the expected capacity as the denominator you should get the result with the expected minimum overload or underload. Forecast capacity includes the latest data and information about new levels of demand performance.
To an extent, the intended ability is a newer, updated version of the normal ability.
The question should be:
The overhead denominator can be based on one of several characteristics. What are the results of the lowest projected overhead or underspending?
A. Theoretical capacity.
B. Expected capacity.
C. Normal capacity.
D. Practical capacity.
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the supply curve for manufactured goods is usually more elastic than for raw materials because production of manufactured goods can often be:
Because manufacturing can frequently be increased at the same cost per unit by expanding the number of factories, the supply curve for manufactured commodities is typically more elastic than that for raw materials.
The reason why supply curves become more elastic over time is unclear.There is still time for sellers to make adjustments and boost output. The time is there for consumers to explore for alternatives to the good.
Which supply curve is most elastic?An infinite price elasticity of supply characterizes a horizontal supply curve, as shown in Panel (b) of "Supply Curves and Their Price Elasticities. A horizontal supply curve is entirely elastic. It indicates that vendors are ready to provide any volume at a specific cost.
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All of the following are reasons for preparing a flexible budget with multiple cost drivers EXCEPT multiple cost drivers can lead to more accurate variances cost formulas are likely to be more accurate an expense may be expected to vary for more than one reason it eliminates the need for performing variance analysis
All of the following are reasons for preparing a flexible budget with multiple cost drivers EXCEPT it eliminates the need for performing variance analysis
Flexible budgets can be adjusted to reflect variations in income and spending during the fiscal year while taking into account anticipated unpredictability. By accounting for various levels of activity or production, a flexible budget with diverse cost drivers enables a more precise analysis of deviations.
Additionally, it makes it possible to pinpoint specific areas where expenses might be greater or lower than anticipated, which can assist management in implementing corrective measures. However, it does not negate the necessity for variance analysis, a particular method of contrasting actual outcomes with budgeted or planned amounts in order to pinpoint the causes of deviations and assess performance.
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How to manage risks? What businesses to acquire? How to measure business performance? What businesses to divest?
Choose matching term
1. Identify the key questions asked taken during the formulation of a corporate strategy for a large, multidivisional firm
2. Identify the three areas in which the choices are made as the main part of the operations strategy
3. What are the advantages to strategic planning compared to business unit planning and functional planning?
4. Identify the key questions asked taken during the formulation of a functional strategy for a firm
tool in managing any firm, especially during a market slump. In any economic climate, if you didn't have the proper risk management methods in place to minimise, or at least mitigate, the damage from that risk, an unanticipated surprise could easily wipe out your organisation in one fell swoop.
How should a company handle risk management?
systematically determining the hazards that surround your company's operations. estimating the likelihood that an event will occur. knowing how to react to these occurrences. establishing procedures to deal with the effects. The contribution margin ratio, operating leverage effect ratio, financial leverage ratio, and combined leverage ratio can all be used to assess your company's risk. These ratios compute business risk based on sales and fixed costs for your company.
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recall that we use nominal and ordinal measurement scales to represent categorical variables. which of the examples below represent a nominal scale representation of a categorical variable?
Recall that we use nominal and ordinal measurement scales to represent categorical variables.Hair color is also a categorical variable having a number of example blonde, brown, brunette, red,etc
The most useful graph for displaying the relationship between two quantitative variables is a scatterplot.The correlation coefficient (r) is a numerical measure that measures the strength and direction of a linear relationship between two quantitative variables.Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.The goal is to go beyond knowing what has happened to providing a best assessment of what will happen in the future.Business analytics techniques that help to find answers to the should we do in the future are called prescriptive analytics.
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of the following, the country with the highest average income per day in the world is group of answer choices france. china. germany. the united states. japan.
The United States has the highest average income per day compared to China, Germany, and Japan.
Gross national income and population are used to compute average income. We can calculate the average income per capita by dividing all annual incomes and profits by the country's population. This number includes all salaries and wages, as well as other unearned income from capital gains or investments.
The following are the countries with the highest monthly income.
Rank Country Average Monthly Net Salary (US$)
1 Switzerland 6142.1
2 Singapore 4350.79
3 Australia 4218.89
4 United States 3721.64
5 UAE 3663.27
6 Norway 3457.69
7 Canada 3338.62
Since average income per day can be computed from monthly income, then the list also represents the countries with the highest income per day.
Therefore, among China, Germany, the U.S, and Japan, the United States is the highest one.
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a public company has a book value of $128 million. they have 20 million shares outstanding, with a market price of $4 per share. which of the following statements is true regarding this company?
The firm's market value is 20 million shares*$4 per share, which is 80 million, but its book value is 128 million, so the answer is that investors believe the company's assets are unlikely to be profitable because its market value is less than its book value.
The book value is $128,000,000.
The number of outstanding shares is 20,000,000.
$4 is the current market price.
The Book Value Per Share (BVPS):
Book Value Per Share (BVPS) = Book Value / number of Share
Book Value Per Share (BVPS) = $128,000,000 / 20,000,000
Book Value Per Share (BVPS) = $6.40
The Book Value Per Share (BVPS) is less than the market price, indicating that investors anticipate lower future growth. Alternatively, they may anticipate that the firm will not be profitable.
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The complete question is:
A public company has a book value of $128 million. they have 20 million shares outstanding, with a market price of $4 per share. which of the following statements is true regarding this company?
A) Investors may consider this firm to be a growth company.
B) Investors believe the company's assets are not likely to be profitable its market value is worth less than its book value.
C) The firm's market value is more than its book value.
D) The value of the firm's assets is greater than their liquidation value.
industry forces identify the industry forces that would affect gearon. drag and drop 5 examples on the right to their correct forces on the left.
A. Many coaches are looking for work. B. People have many fitness options. C. There are many low cost gyms. D. Customers pay set fees at gyms. E. There are many national chains.
What is Supplier Power?Both the pricing and the accessibility of resources and inputs are subject to supplier control. Providers are most effective when businesses are dependent on them and are unable to switch to other suppliers due to greater costs or a lack of available alternatives.
What Are Porter's Five Forces?An industry's strengths and weaknesses can be ascertained by analysing the five forces identified and analysed by Porter's Five Forces model. In order to define corporate strategy, the Five Forces analysis is widely used to evaluate the structure of an industry. To better evaluate the amount of industry competition and increase a company's long-term profitability, Porter's model can be used to any sector of the economy. Michael E. Porter, a professor at Harvard Business School, is the inspiration behind the Five Forces paradigm.
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Some people describe a cover as being the exact same thing as an elevator conversation. Explain what is meant by an elevator conversation and how it is the same as a cover letter. Do you agree or disagree with this comparison? Please explain your answer.
An elevator conversation is a term used to describe brief succinct summary of yourself and your qualifications when your are introducing yourself to someone. It is similar to a cover latter in the sense that it quickly summarizes your unique abilities, qualifications skills in order to make a positive impression however, unlike a cover letter, an elevator conversation is intended to be spontaneous and concise way to introduce yourself. It should be short, memorable and engaging, whereas a cover letter should be more detailed and comprehensive. Thus while the elevator conversation cover letter may share some similarities, they serve different functions and should be approached differently.
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When introducing oneself to someone, a concise, crisp description of your background and experience is known as a "elevator conversation." It is comparable to a cover letter in that it summarizes your special talents, education, and experience in order to make a good impression. An elevator chat, however, is meant to be a casual and succinct method to introduce yourself, unlike a cover letter. In contrast to a cover letter, which should be more in-depth and comprehensive, it should be succinct, memorable, and engaging. The lift discussion cover letter may therefore have some similarities, but they serve different purposes and demand different approaches.
What is elevator conversation?An idea for a project, service, or product is briefly presented in a speech known as a "elevator pitch." The term "elevator speech" refers to the idea that the speech should be delivered in the brief time of an elevator trip. A decent general guideline is that a lift pitch should last no more than 60 seconds and no more than 30 seconds.
An entrepreneur's attempt to persuade a venture capitalist that a business idea is worthwhile investing in is known as an elevator pitch in the financial sector. In most cases, a compelling elevator pitch is sufficient to pique an investor's interest and prepare the ground for a follow-up meeting. The entrepreneur will give the investor a more detailed presentation during this meeting.
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-To achieve its marketing objectives, an organization must develop a marketing strategy, which includes identifying a target market and developing a plan of action for developing, distributing, promoting, and pricing products that meet the needs of customers in the target market.
-A marketing strategy is the selection of a target market and the creation of a marketing mix that will satisfy the needs of target market members.
-Marketing strategies, the most detailed and specific of the three levels of strategy, are composed of two elements: selecting a target market and the creation of a marketing mix that will satisfy the needs of the of the target market members; the selection of the target market serves as the basis for the creation of the marketing mix to satisfy the needs of that market. Marketing mix decisions should also be consistent with business-unit and corporate strategies and be flexible enough to respond to changes in market conditions, competition, and customer needs. Different elements of the marketing mix can be changed to accommodate different marketing strategies
a. Selecting the Target Market
(1) Selecting a target market is the most important decision a company makes in the strategic planning process.
(2) Identification and analysis of a target market provide a foundation on which a marketing mix can be developed.
(3) When exploring possible target markets, marketing managers try to evaluate how entering them would affect the company's sales, costs, and profits.
(4) Marketers should also assess whether the company has the resources to develop the right marketing mix to meet the needs of a particular target market. The size and number of competitors is also a concern.
In terms of strategic success, selecting a suitable target market could be the most significant choice a business takes during the strategic planning process.
Why is market targeting important?With the use of target marketing, business owners may reach out to specific groups of people and provide them with the greatest services and goods. Situation (SWOT) evaluation, market-product focus or goal setting, and marketing program are the 3 phases of the planning phase.The marketing mix is composed of people, place (distribution), product, pricing, and promotion.A corporation may be able to expand its market share and, consequently, its income and profits if it executes an effective marketing strategy.Another strategic method for assessing the viability of your marketing mix is to survey your target market.To know more about marketing mix, visit:
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The cultural norms of Japan promote ______.A) competition between employeesB) unionizationC) competency-based payD) loyalty and teamwork
The cultural norms of Japan promote D) loyalty and teamwork. It is because teamwork will get a better team performance and goals.
Teamwork generally can be defined as the collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way. Based on the opinion of Ancona & Caldwell, 1992, Team performance generally can be described as the extent to which a team is able to meet its output goals (e.g., quality, functionality, and reliability of outputs), the expectations of its members, or its cost and time objectives. There are several aspect that can be determined to see the successful of team performance, there are communication, Reliability and commitment, Flexibility, Innovation and diversity, Leadership, Organized, Fun and appreciation.
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If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant
A collection of goods and services are subject to inflation when their cost has increased over a predetermined time period, often a year. Prices are rising due to inflation.
What's causing inflation 2022?
The amount that a collection of products and services have increased in price during a specific time period, typically a year, is measured by inflation. Prices are increasing due to inflation. Inflation increased further in 2022 as a result of higher energy costs, hitting 9.1%, the highest level since 1981. The Federal Reserve raised interest rates for the third time in a year in July 2022, but inflation remained strong and outpaced wage and expenditure increases.
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identify the techniques customer driven marketing for bakery business
Answer:
You could believe that starting a business in baking is the most difficult part. Yes, it requires a lot of work, and you could have a few anxious or restless nights. However, once your bakery is operational, staying ahead of the competition will take precedence. Additionally, you want to become a destination for those looking for delectable pastries rather than just trying to stay afloat.
In the bread industry, you want to turn a profit as an entrepreneur. You will need to manage your finances, reports, and inventories carefully in order to accomplish this, but there is one aspect of the business that is sometimes overlooked: marketing.
Build a solid marketing and sales plan for your bakery no matter what goods your company specialises in, such as croissants, donuts, buns, bread, nutritious gluten-free pastries, small pastries, and so on. Otherwise, expanding the consumer base, boosting bakery sales, and raising brand recognition would be difficult.
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as of december 31, year 4, poe compiled data showing that income under the previous revenue recognition method (recognized at a point in time), aggregated $700,000. if the new method had been used, the accumulated income through december 31, year 4, would have been $880,000. assuming an income tax rate of 40% for all years, the cumulative effect of this accounting change should be reported by poe in the year 5
Revenues are recorded when measurable and available, as required by... this method, for the fiscal year ended June 30, 2018.
What is measurable quality?
It is important to establish the characteristics of reliability, availability, maintainability, and maintenance support performance in order to represent its performance in quantitative terms and subsequently to characterise, measure, improve, guarantee, and certify such an item. The set of SEG Measurement characteristics that set us apart from our rivals—those features that give our consumers more than they can receive elsewhere—is known as The Measurable Difference. Measurability definitions the property of being quantifiable. equivalents: quantifiability ratability is a type. the property of being graded or estimable-able.
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fill in the blank question. in preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be (added/subtracted) to (from) net income.
In preparing a cash flows from operating activities using the indirect method, an increase in accounts receivable would be subtracted from net income. Subtracted from net income.
This is because the increase in accounts receivable means that the company owed more money than it did at the beginning of the period. This means that the company's net income is lower because it has not yet been paid for the goods or services provided. Therefore, when preparing cash flows from operating activities using the indirect method, the amount of the increase in receivables is deducted from the net profit. This calculation helps to better understand how much actual cash was generated from the company's operations during a given period.
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2-a. in factory overhead t-account, enter amounts from part 1 related to factory overhead. determine the amount of over- or underapplied overhead. 2-b. prepare the entry to close any over- or underapplied overhead to cost of goods sold
Debit the work-in-process inventory account in a journal entry in your accounting records by the balance of the factory overhead account at the end of the period.
How do you keep track of industrial overheads?Underapplied overhead is often represented on a company’s balance sheet as a prepaid expenditure and is balanced by inserting a debit to the cost of goods sold (COGS) section before the end of the year. Costs of goods sold are the direct costs connected with a company’s production of items sold.
Deduct the balance of the manufacturing overhead account from the work-in-process inventory account in a journal entry in your accounting records at the conclusion of the month. The manufacturing overhead balance is now transferred to the work-in-process account. To summarize, the Factory Overhead account is not common. It is not an asset, liability, cost, or any other financial statement feature.
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Johnson Co. holds trading securities. Johnson should report these investments on the balance sheet at________value.
Johnson & Johnson owns trading securities. Johnson should record these interests at fair value on the balance sheet.
What Is the Purpose of a Balance Sheet?A balance sheet describes a company's financial situation at a certain point in time. In contrast to an income statement, which presents financial information over time, a balance sheet is used to gauge a company's health on a given day.
A bank statement is frequently used by people outside of a firm to assess the health of the company. Financial ratios are calculated by banks, lenders, and other organizations based on balance sheet balances to determine how much risk a company bears, how liquid its assets are, and how likely the firm will remain solvent.
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people use a computer connected to the internet to manage financial accounts. readers develop and refine news reports by commenting on them and posting contributions. consumers read product descriptions and reviews and compare features and prices of similar products. students connect to instructors, information, and other students using a computer and the internet. listeners can create a personal radio station by listening to songs and then voting for the ones they like or dislike.
People use a computer connected to the internet to manage financial accounts. readers develop and refine news reports by commenting on them and posting contributions. This all work through online banking.
What is meant by financial accounts?
A financial account, especially one that deals with financial assets, is a part of a nation's balance of payments that covers claims on or obligations to nonresidents in macroeconomics. Direct investment, portfolio investment, and sector-specific reserve assets are among the elements of a financial account.
Claims made by nonresidents on the financial assets of residents are classified as liabilities in a country's balance of payments, whereas claims made by residents against nonresidents are classified as assets.
A country is considered to have a developing economy if it has a low human development index, limited economic growth, a low per capita income, and a preference for agricultural pursuits over industrialization and entrepreneurship. Therefore, a nation or economy that is still growing may also be referred to as being underdeveloped.
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what are the basic factors for selecting business? Explain any two factor of it.
Answer:
The choice of an appropriate form of ownership organisation is a crucial entrepreneurial choice since it has an impact on the performance and expansion of a business, affecting factors like profit margins, business risk, and other factors. As was previously said, there are differences between the various types of private ownership organisations in terms of profit distribution, control, risk, legal requirements, flexibility, etc.
In light of this, only that type of ownership should be adopted after careful examination of the issue. It is preferable to examine this issue at both of these levels because the necessity to choose an ownership organisation emerges both early on when starting a business and later on to fulfil the needs of growth and expansion.
two examples are - nature of activity and scale of operations.
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jamal is a customer service representative at a local credit union. he has been handling customer deposits and disbursements. recently, his supervisor changed jamal's responsibilities so that he can now sell certificates of deposit, assist customers with completing loan applications, and even approve small, short-term loans. this is an example of job
Job enrichment seeks to improve responsibility, significance, and awareness of the results of a task in order to make employment more motivating.
What is meant by Job enrichment?A strategy of employee motivation known as work enrichment involves creating a job that includes fascinating and difficult activities that may call for more skill and/or higher remuneration.
Job enrichment aims to broaden the range of activities that each employee completes, provide them the flexibility to complete jobs in new ways, and eventually give them more influence over their work. As a result, work becomes more interesting and inspires workers to produce their best work.
The process of adding motivators to current responsibilities in order to boost employee productivity and satisfaction is known as job enrichment. Increasing autonomy, varying skill sets and tasks, giving feedback, and other methods can all help with this.
By boosting responsibility, meaning, and awareness of the outcomes of a task, job enrichment aims to make employment more motivating. As a result, enriched employment has a high potential for motivation.
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in july 2020, as the first wave of the coronavirus pandemic receded, danny meyer, founder and ceo of the union square hospitality group (ushg), made plans to reopen his restaurants for outdoor dining. ushg operated 19 upscale eateries in new york city and washington dc.
The Tipping Point for the Union Square Hospitality Group The initial wave of the coronavirus pandemic passed in July 2020 as Danny Meyer, the CEO of the Union Square Hotel, watched.
What would you say the hospitality is?
The word hospitality, which connotes welcoming guests or offering a home away from home, is derived from the Latin word "hospes," which also means visitor or stranger.
To guests or people they have just met, a person who is hospitable is courteous, generous, and welcoming. The locals are warm and hospitable.
Hospitality skills are the aptitudes that allow those working in the business to carry out tasks successfully and excel in their careers.
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