Before Tom buy a dishwasher, he consults his friends and looks for good offers and sales online. Tom is engage in information research activity in the consumer decision making process.
Consumer Decision Making Process consists of step of activites a consumer to evaluate making his buying decision. Consumer Decison Making Process includes 5 steps, such:
Problem recognitionInformation searchAlternative evaluationPurchase decisionPost-purchase evaluationA consumer will need to recognize a need or problem before deciding to purchase a product. A consumer needs to recognize what he want to be able to decide the direction of his next step in decision making process.
A consumer then seach for informations about the products which can satisfy his needs. The products related information might be gathered from recommendations or promotional informations.
After gathering enough information, a consumer might have some alternatives of products that potentially able to satisfy his needs. A consumer then will evaluate each possible alternative based on developed criteria he made. The developed criteria of a consumer will be subjective to him only and may differ from other person.
After evaluate and eliminating unwanted alternatives, a consumer comes up with one particular product he surely wants to buy. At this moment, a consumer is purchasing the product. A consumer believes that the product he chose to buy is the best option he has to satisfy his need.
After a consumer bought a product, he will evaluate the post-purchase product wheter the product was usefull and satisfy his needs or not. A consumer will evaluate wheter the product meets his expectation or not.
Learn more about Consumer Decision Making Process here: https://brainly.com/question/8602577
#SPJ4
three of the primary advantages of cable tv as an advertising medium are its group of answer choices rates, availability, and unduplicated audiences. quality, selectivity, and reach. reach, fragmentation, and quality. selectivity, low cost, and creativity. reach, clutter, and selectivity.
The main advantages of cable TV as an advertising medium are selectivity, low cost, flexibility, reach, fragmentation and quality.
What is Cable TV and Why is TV called cable?Cable television is a system that delivers television programming to consumers via radio frequency (RF) signals transmitted over coaxial cables, and more recent systems transmit pulsed light over fiber optic cables.Like television, cable gets its name from the way it is transmitted over coaxial or fiber optic cables. The cheapest cable TV services are offered by Spectrum and Xfinity. These companies' TV services are ubiquitous, with both providers offering many channels for under $50 a month.Who has the Best Cable TV Package?Xfinity TV: Best Cable TV Providers of 2022. Spectrum TV: Best option without contract.Verizon Fios TV: Best channel lineup.optimum tv: Great for familiesCox TV: Perfect for customization.To learn more about cable companies visit:
https://brainly.com/question/13398633
#SPJ4
which of the following is true regarding quasi-contract and promissory estoppel? group of answer choices both quasi-contract and promissory estoppel require that a contract be properly formed between the parties. both quasi-contract and promissory estoppel must be in writing. promissory estoppel requires a promise from the promissor to the promisee. quasi-contract requires that the promisee reasonably relied on the promissor.
The difference between a quasi-contract and a promissory estoppel is that a promise must be made by the promissor to the promisee for a promissory estoppel to exist, but a promissory estoppel does not require a promise. Thus options C and D are correct.
What is the quasi contract?A court will recognize a fictitious contract as a quasi-contract. Roman law is where the idea of a quasi-contract first appeared, and it is still employed in several contemporary legal frameworks.
A quasi contract is also referred to as a “implied contract,” in which the defendant is required to pay the plaintiff back damages, or a “constructive contract,” which is a contract that is created when there isn't already one between the parties.
Therefore, options C and D are correct.
Learn more about the quasi contract, refer to:
https://brainly.com/question/15263308
#SPJ1
some tenants want to buy the house they are renting. however, they do not have enough money for the down payment. the landlord agreed to put part of the tenants' rent toward the purchase price. the landlord and tenants have agreed to
The landlord agreed to put part of the tenants' rent toward the purchase price. the landlord and tenants have agreed to an option.
When may a landlord in Germany evict a tenant?
In Germany, you have legal protection if you are a tenant. You are therefore protected from unforeseen evictions and the like. In Germany, a minimum 3-month legal notice of contract cancellation protects every tenant. The notice period lengthens the longer you stay in the apartment.
When the ownership of the property changes, the tenant still has the right to occupy it if they have an active agreement or contract with their prior landlord. The tenant-in-place has the option of staying in the home until their lease naturally expires or they are evicted for a valid reason.
To know more about tenant, refer:
https://brainly.com/question/14970125
#SPJ4
listen to exam instructions your company is preparing to enter into a partner relationship with another organization. it will be necessary for the information systems used by each organization to connect and integrate with each other. which of the following is of primary importance as you take steps to enter into this partner relationship?
Ensure that the integration process maintains the security of each organization's network.
Multisensory integration, also referred to as multimodal integration, is the study of the way information from the unique sensory modalities (along with sight, sound, touch, odor, self-movement, and flavor) may be included by using the fearful machine.[1] A coherent representation of gadgets combining modalities permits animals to have meaningful perceptual reports. indeed, multisensory integration is critical to adaptive behavior because it allows animals to understand an international of coherent perceptual entities.
Learn more about integration here
https://brainly.com/question/27419605
#SPJ4
if an individual’s labor supply curve has a negative slope: group of answer choices the income effect is more powerful than the substitution effect. the income effect is equal to the substitution effect. the income effect is less powerful than the substitution effect. the income effect is equal to the wage.
if an individual’s labor supply curve has a negative slope than the substitution effect outweighs the income effect.
How Do Supply Curves Work?The supply curve is a visual representation of the relationship between the price of an item or service and the volume delivered over a specific time. On the left vertical axis of a typical image will be the price, and the horizontal axis will be the quantity delivered. The number of items delivered typically increases together with an increase in price on supply curves.
On the basis of demand, supply curves may frequently predict whether a commodity's price will rise or fall, and vice versa. For products with a more elastic supply, the supply curve is steeper (closer to vertical), whereas for products with a less elastic supply, it is shallower (closer to horizontal).
To know more about supply curve visit:
https://brainly.com/question/1915798
#SPJ4
michelle wants to know how she can improve her business listing so it reaches the most people online. what can she do to get the information she needs?
In a situation wherein Michelle wants to know how she can improve her business listing to increase its online reach, she can take the help of a platform aggregator to help her the most with an increase in her sales.
An online business can be referred to or considered as a business organization, which performs the regular activities of buying and selling with the help of internet through the use of computer and computer networks. There are a number of platform, (ex Amazon) that provide a platform for the online businesses to maximize their reach among public.
Learn more about online business here:
https://brainly.com/question/27626484
#SPJ4
in a purchase commitment, if market price at acquisition is less than the contract price, the purchase is recorded at what price
Most commitments to make purchases must be reported as liabilities. 10. If a non-cancelable purchase commitment's market price is higher than the going rate.
What is the targeted market value when utilizing lower-of-cost-or-market?When Lower-of-Cost-or-Market is used, the targeted market value equals the average of the replacement cost, net realizable value, and net realizable value less a typical profit margin.
Which circumstance necessitates substituting the lowest of cost or market basis for cost basis when valuing inventory?A business must record the cost of inventory at whichever cost is lower—the original cost or its current market price—according to the lower of cost or market rule. This problem typically occurs when inventory deteriorates, becomes outdated, or when market prices fall.
To know more about market price visit:-
https://brainly.com/question/15142612
#SPJ4
settling a claim by the debtor offering to pay less than the creditor claims to be owed is an example of a. promissory estoppel. b. a release. c. an accord and satisfaction. d. fraudulent misrepresentation
The process of settling a claim by the hands of the debtor offering to pay lesser than the actual amount claimed by the creditor can be regarded as an example of a release. Therefore, the option B holds true.
A release can be referred to or considered as a legal contract in written form, which consists of agreement between at least two parties involved in the contract to come to a settlement of lesser than what was the amount of adequate consideration. No legal claim can be made after a release contract has been exercised by both the parties involved in the transaction.
Learn more about a written contract here:
https://brainly.com/question/15123303
#SPJ4
a ceo determines that the company needs to eliminate a labor surplus to avoid financial difficulties. to deal with this problem, the ceo chooses a strategy that gives fast results. however, the amount of suffering caused to employees is high. the ceo is most likely using the strategy to reduce the labor surplus.
Most likely, the CEO is employing this tactic to cut down on the labor surplus is downsizing.
An organization can reduce its workforce forever by removing unproductive employees or divisions. Downsizing is a common organisational strategy that is commonly connected to economic downturns and unsuccessful businesses. Organizational downsizing refers to the planned decrease of a business's employment with the aim of reducing labour expenses, increasing profitability, and, in the case of a major economic shock (such as a recession), keeping the business from failing.
Workforce reduction, job redesign, and systemic approach are the three most used downsizing strategies. Because you will have less responsibility, a lighter task, more money, and more freedom as a result of downsizing, you will feel less stressed.
Learn more about Downsizing visit https://brainly.com/question/29022868
#SPJ4
The practice of purchasing IPO stock at the offer price and selling the stock shortly afterward is called flipping. skiing. flopping none of these
Flipping is the process of acquiring IPO stock at the offer price and reselling it soon after. Therefore, the first option is the correct answer.
What is IPO flipping?
When an investor resells shares in the initial few days or weeks following an IPO, this is referred to as flipping. These investors benefit from the first IPO boom that hot issues experience.With lock-ups and instructions for beginning investors, IPO flipping is partially discouraged, but a new issue needs to have some flippers to generate trading volume and market buzz after the IPO.Financially speaking, IPO flipping can be advantageous because many stocks reach their best prices in the first few weeks and months following an IPO and may struggle for a while before reaching those heights, if at all.Read more about IPO: https://brainly.com/question/13015099
#SPJ4
for the most part, fiscal policy affects the economy in the short run while monetary policy primarily matters in the long run. a. true b. false
True - for the most part, fiscal policy affects the economy in the short run while monetary policy primarily matters in the long run.
An economic system is a place of the production, distribution and alternate, as well as intake of goods and offerings. In widespread, it's miles defined as a social domain that emphasize the practices, discourses, and fabric expressions related to the manufacturing, use, and control of scarce assets'.[1] A given financial system is a set of methods that includes its way of life, values, training, technological evolution, history, social corporation, political structure, legal systems, and natural resources as predominant elements.
Learn more about economy here
https://brainly.com/question/17996535
#SPJ4
suppose that a typical basket of goods is now less expensive than it used to be. all else equal, we would expect:
Suppose that a typical basket of goods is now less expensive than it used to be. all else equal, we would expect: the demand curve for money to shift inward.
What is the demand curve for money?The quantity of money demanded at each interest rate is represented by the money demand curve. The negative correlation between the amount of money demanded and the interest rate is expressed by its downward slope. The law of demand is applied in the link between interest rates and the amount of money demanded.
The two key factors, price and quantity, cause the money demand curve to have a negative slope. These variables operate in an opposite or converse manner. Therefore, a drop in price will result in more demand for money since consumers will buy more of it.
Let's say that the cost of a typical basket of items has decreased over time. Under normal circumstances, we would anticipate: the demand curve for money
Read more on the demand curve here: https://brainly.com/question/1139186
#SPJ1
g explain how a monopolist can increase profits by price discrimination. what are the conditions necessary for price discrimination?
If demand is inelastic, then the monopolist can increase profits by increasing prices, where the increase in price more than offsets the drop in quantity
What exactly is a monopolist individual?A monopolist is a person, organization, or business that controls and dominates the marketplace for a particular item or service. Due to the absence of substitute products or services and competition, monopolists can command high prices since they have sufficient market power.
How did monopolists behave?A monopolist is a person, team, or business that dominates the market for an item or service. Monopolists frequently demand high pricing for their products. A significant piece of American legislation known as the Clayton Antitrust Act was passed in 1890 and forbade cartels, monopolies, and trusts in order to boost economic competition.
to more know more about monopolists visit:
https://brainly.com/question/14055453
#SPJ4
hat are the four major sources of market failure? explain briefly why each prevents the competitive market from operating efficiently. part 2 the four major sources of market failure are part 3 a. market power, the government, externalities, and private goods. b. , , complete information, and externalities. c. market power, incomplete information, externalities, and public goods. d. market power, incomplete information, , and . e. competition, symmetric information, externalities, and public goods.
Advantages, and work rehearses that affect each unionized and chaotic representative. Associations not exclusively work on laborers' edges, they conjointly add to bunch activity and supply a popularity-based voice for representatives at the geographic point and inside the bigger society.
Geography is a area of technology committed to the have a look at of the lands, functions, inhabitants, and phenomena of Earth.[1] the first recorded use of the word γεωγραφία changed into as a title of a book through Greek student Eratosthenes (276–194 BC).[1] Geography is an all-encompassing area that seeks expertise of Earth and its human and natural complexities—now not simply where objects are, however additionally how they've changed and become. while geography is unique to Earth, many concepts may be carried out extra broadly to other celestial bodies in the area of planetary technological know-how.
Learn more about geographic here
https://brainly.com/question/12790602
#SPJ4
Crane Company had the following two transactions related to its delivery truck.1. Paid $44 for an oil change.2. Paid $519 to install special shelving units, which increase the operating efficiency of the truck.Prepare Crane Company's journal entries to record these transactions. Use the format given below:No. Account Titles and Explanation Debit Credit1. 2.
Part a: The journal entry for the oil change is:
Maintained and Repair Expense A/c.....Dr. $44
Cash A/c....Cr. $44
Part b: The journal entry for equipment is:
Equipment A/c.....Dr. $519
Cash A/c.....Cr. $519
Journal entry refers to the first step of the accounting cycle in which all the business transactions are recorded in the books of accounts. The journal entry involves at least two accounts along with the credit and debit accounts.
Part a:
Maintained and Repair Expense A/c.....Dr. $44
Cash A/c....Cr. $44
(Being maintenance and repair charges paid)
Part b:
Equipment A/c.....Dr. $519
Cash A/c.....Cr. $519
(Being equipment installation charges)
Learn more about journal entries:
https://brainly.com/question/20421012
#SPJ4
on a service blueprint, the line that shows the distinction between the high customer aspects of the service and those activities that the customer does not see is known as the
On a service blueprint, the line that shows the distinction between the high customer aspects of the service and those activities that the customer does not see is known as the Line of visibility.
What do you mean by line of visibility?All customer-visible service actions are separated from those that are not by the "line of visibility." Above this line is everything that is visible from the front of the stage, and below it is everything that is not visible.
What is a service blueprint?A service blueprint is a tool that aids teams in comprehending how customers view or perceive a company's service process. It is a diagram that depicts the connections between individuals, groups, and various physical and digital touchpoints related to a particular customer journey. A service blueprint is similar to a treasure map.
To know more about service blueprint, visit:
brainly.com/question/28198394
#SPJ4
countries has most strongly experienced higher food productivity as a result of the green revolution?
Despite growing land constraint, the developing world has experienced an amazing expansion in food crop yield during the past 50 years.
Which nations reaped the rewards of the Green Revolution?The Green Revolution also benefited Afghanistan, Sri Lanka, China, Indonesia, Iran, Kenya, Malaya, Morocco, Thailand, Tunisia, and Turkey in addition to Mexico, Pakistan, India, and the Philippines.
Has food production increased since the Green Revolution?The introduction of new, high-yielding cultivars into developing countries, which started in the middle of the 20th century with Borlaug's work, had a significant role in the Green Revolution's increased production of food grains (particularly wheat and rice).
To know more about green revolution visit:-
https://brainly.com/question/12222646
#SPJ4
A manager who tells his subordinate, do it or else pay the consequences is demonstrating what kind of power?.
When a boss threatens a subordinate with consequences, he is using coercive power.
How does coercive power work?Force, threats, or other forms of coercion are all examples of coercive power, which uses these tactics to influence behavior. When a manager utilizes coercive power against a disobedient employee, such as by threatening to demote, fire, or suspend them,
Coercive power examples: what are they?Instead of attempting to persuade people to change their behavior, it aims to compel or force them to. Threats against employees who disobey orders, including as write-ups, demotions, wage cutbacks, layoffs, and terminations, are examples of coercive authority. The management needs to be able to carry out the threat in order to be successful.
To know more about coercive power visit:
https://brainly.com/question/10384985
#SPJ4
as a project manager, you have to follow the flow of the project from start to finish, communicating with the team as needed and ensuring each person completes their work on schedule when needed. some team members will interact with the project multiple times before the project is complete. which network type should you choose for the structure of the team?
Creating a work description is the first step in establishing project scope. This is the formal document that describes the specifications for a specific project.
It includes a brief description of both the work being asked, a deadline, a schedule, any particular talents required, as well as the location of the job.
The project start phase is the initial step in transforming an abstract notion into a concrete goal. At this point, you must create a business case as well as describe the task broadly.
To know more about work description
https://brainly.com/question/27599974
#SPJ4
Benefits of managing diversity and inclusion effectively includes all except?a. The federal government provides tax breaks.b. Customer service is more effective.c. These businesses are better able to attract and retain workers from a variety of backgrounds.d. Businesses with a diverse workforce boost innovation for the firm.
All but one benefit of efficiently managing diversity and inclusion is that the federal government offers tax advantages.
Why is diversity management necessary?By minimizing prejudice and fostering inclusiveness, managing diversity improves excellent management practices. Managing diversity entails accepting people's differences and seeing them as valued. You might not be able to collaborate successfully with a varied workforce on the basis of good management alone.
a) A wide range of viewpoints
b) Enhanced invention
c) Enhanced creativity
d) Enhanced problem-solving
e) Enhanced decision-making
f) Enhanced Profits
g) More engaged employees
h) Decreased staff turnover
i) Improved brand reputation
j) Better hiring outcomes
To know more about Good Management, visit:
https://brainly.com/question/15072789
#SPJ1
g a club charges a flat fee for an open bar (all-you-can-drink). which of the following describes the adverse-selection problem?
correct answer is- Insurance describes the adverse-selection problem Adverse selection is a state of affairs in which one birthday celebration to a transaction takes advantage of knowing greater than the other celebration to the transaction.
A physician pursuing his very own interests rather than the hobbies of his patients is an example of the principal-agent problem.
Which would be an instance of an unfavourable resolution problem?An instance of adverse determination is: an unhealthy man or woman buying health insurance. A used vehicle will sell for the price of a poor-quality used auto even if it is excessive pleasant because: there is no motive to believe that good-quality used vehicles will be for sale.
Adverse determination is the phenomenon that horrific dangers are more in all likelihood than desirable risks to buy insurance. Adverse decision is viewed as very vital for life insurance and fitness insurance. Moral hazard is the phenomenon that having insurance plan might also alternate one's behavior. If one is insured, then one may emerge as reckless.
Learn more about adverse-selection problem here:
https://brainly.com/question/5272242#SPJ4the company expects a 25% increase in sales per month for may and june. the amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
If the company expects a 25% increase in sales per month for may and june. the amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be A. $4,956.25..
What is sales revenue?Sales revenue can be defined as the money a person generated from the sales of goods and services.
First step is to find the April sales
April Sales = 500+800
April Sales= 1300
Second step is to find the may sales
May Sales = 1300 × 1.25
May Sales = 1625
Third step is to find the june sales
June Sales = 1625× 1.25
June Sales = 2,031.25
Fourth step is to find the sales revenue
Sales revenue = $300 + $1625 + $2,031.25
Sales revenue = $4,956.25
Therefore the correct option is A.
Learn more about sales revenue here:https://brainly.com/question/28390695
#SPJ1
The complete question is:
Budgeted sales for the 2nd quarter operations are shown in the following table:
Sales April May June
Cash Sales $500
Sales on Acct $800
The company expects a 25% increase in sales per month for May and June. The amount of sales revenues that would appear on the company's 2nd quarter pro forma income statement would be
Multiple Choice
$4,956.25.
$4,225.50.
$3,050.00.
$2,031.25.
now that you've conducted marketing research, you want to determine the target market for the new service. how would you best describe the demographic variables for this target market?
Demographic segmentation is the process of dividing your target market based on characteristics like income, education, race, gender, or employment.
In order to establish a demographic profile, marketers frequently blend many data. By giving detailed information on a typical member of a certain group of people, this profile enables marketing analysts and demographics specialists to create a portrait of the typical consumer in that particular market segment. For instance, marketing experts might decide to target a middle-aged single male with a high school diploma.
Why do marketers target certain audiences? To be able to identify which parts or subgroups of the population appear to exist is the main objective. The second is to be able to paint a precise picture of the qualities and traits of a typical member of one of those marketing segments.
To know more about demographic -
https://brainly.com/question/19721754
#SPJ4
Demographic segmentation is the process of dividing your target market based on characteristics like income, education, race, gender, or employment.
In order to establish a demographic profile, marketers frequently blend many data. By giving detailed information on a typical member of a certain group of people, this profile enables marketing analysts and demographics specialists to create a portrait of the typical consumer in that particular market segment. For instance, marketing experts might decide to target a middle-aged single male with a high school diploma.
Why do marketers target certain audiences? To be able to identify which parts or subgroups of the population appear to exist is the main objective. The second is to be able to paint a precise picture of the qualities and traits of a typical member of one of those marketing segments.
To know more about demographic -
brainly.com/question/19721754
#SPJ4
Marketing and operations prefer high inventory levels, whereas finance would prefer small inventories.
a. True
True - Marketing and operations prefer high inventory levels, whereas finance would prefer small inventories.
stock (American English) or stock (British English) refers to the products and materials that a commercial enterprise holds for the ultimate aim of resale, manufacturing or utilization. inventory management is a subject mainly approximately specifying the form and placement of stocked goods. it's far required at exclusive locations within a facility or within many locations of a supply community to precede the regular and deliberate path of manufacturing and inventory of substances.
Learn more about inventory here
https://brainly.com/question/25947903
#SPJ4
Casey consumes two goods, hamburgers and ice cream sandwiches. e has maximized his utility given his income. Ice cream sandwiches costs $2, and he consumes them to the point where the marginal utility he receives is 6. Hamburgers cost $4, and the relationship between the marginal utility that Casey gets from eating hamburgers and the number he Hamburgers Marginal Utility I 20-6 How many hamburgers does Casey buy each month? a. b. 2 c. 3 d. 4
The correct option is C. we can say that Casy must buy 3 hamburgers each month in order to be in consumers' equilibrium.
In the two good cases, the consumer equilibrium condition is as follows:
{Margianl Utility from good 'x' / Price of good 'x'} = {Marginal Utility from good 'y' / Price of good 'x'}
MUx / Px = MUy / Py
So, in this case,
MU from Ice cream sandwiches / Price of Ice cream sandwiches = MU from Hamburgers / Price of hamburgers
6/2 = MU from Hamburgers / 4
Solving the above, we get,
MU from hamburgers = 12
Looking at the table, we can say that Casy must buy 3 hamburgers each month in order to be in consumers' equilibrium.
consumer equilibrium means a kingdom of most satisfaction. A situation wherein a customer spends his given income purchasing one or greater commodities so that he gets most pleasure and has no urge to change this degree of intake, given the costs of commodities, is called the patron's equilibrium.
at the time of purchasing a unit of a commodity, a patron compares the price of the given commodity with its utility. The patron will be at equilibrium whilst marginal utility (in phrases of money) equals the charge paid for the commodity say 'X' i.e. MUx = PX.
consistent with Marshallian utility analysis, when the expenditure of a consumer has been completely adjusted, that is, whilst marginal software in every course of his purchases is equal, it is known as the client's equilibrium. Then he has no choice but to shop for any extra of one commodity and much less of another
To learn more about consumers equilibrium visit here:
brainly.com/question/26059468
#SPJ4
net cash provided by operating activities was $12,000. net cash provided by investing activities was $2,000. net cash used in financing activities was $7,000. the cash balance at the beginning of the year was $4,000. the cash balance at the end of the year is: multiple choice question.
The cash balance at the end of the year is $11,000.
What is the cash balance at year's end?The Opening Balance is the sum of money available at the beginning of the month (1st day of the month). The amount of money on hand at the month's end is known as the closing balance (the last day of the month). Using the equation below, the closing balance is determined.
The closing balance is equal to the opening balance plus the total income minus the total expenses. You will have the same amount of cash at the conclusion of one accounting period as you will at the start of the subsequent period. You should have $5,000 at the start of January if your cash balance at the end of December was $5,000.
Given:
Cash generated during the year = Cash inflow - Cash Outflow
Cash generated during the year = ($12,000+2,000) - 7,000 = $7,000
Given:
Cash balance at the end of the year = Opening cash balance + Cash generated during the year
So by putting values, we have:
Cash balance at the end of the year = $4,000 + $7,000 = $11,000
To learn more about cash balance, visit:
https://brainly.com/question/24183362
#SPJ1
which statement best describes the distinction between production management and operations management?
Operations management, on the other hand, is a more general word that includes the tasks involved in generating both commodities and services. Managers undertake these tasks to assist in the creation of goods.
What is production management and operations management?Producing goods and services to satisfy consumer demands is the primary goal of a business. The technical phrases that management and commerce students run into the most frequently are production management & operation management. These two phrases have to do with the manufacturing portion of business activities.
The subject area of production management is concerned with organizing, controlling, and directing the organization's production activities. The subject area known as operation management is concerned with the design, planning, and control of corporate activities. Increasing the effectiveness of business operations is the primary goal of operation management.
To know more about Production management, visit:
https://brainly.com/question/9356237
#SPJ1
Classify the following costs as either:
a. fixed
b. variable
Type in either a or b for your answer. Do not type out fixed or variable.
Depreciation
Administrative salaries
Direct materials
Property taxes
Sales commissions
Direct labor
Equipment used in production that uses oil Plastic\sVariable
Property taxes on the factory structure and equipment are $165,000 per year.
Fixed Costs of the plant manager's salary
Fixed labor of charges for hourly workers
Variable Packaging\sVariable
Costs for factory cleaning are $6,000 per month.
Fixed Metal\sVariable
Rent for the warehouse is $10,000 per month plus $25 for each storage square foot used.
Mixed $3,600 monthly for property insurance plus $0.01 for every dollar beyond $1,200,000 in total Equipment depreciation calculated on a straight line
Fixed Machine operator hourly pay is variable
Cost of electricity, variable at $0.20 per kilowatt-hour.
electronic chip (purchased from a vendor)sVariable
Pension expense, $1.00 per hour of employment, sVariable
What is fixed costs?The term "fixed costs" in accounting and economics refers to corporate expenses that are independent of the volume of goods or services that a company produces. It is also used to refer to indirect costs or overhead costs. Like interest payments or monthly rent, they frequently occur again. Most of these expenses are capital expenses.
To know more about fixed costs visit:
https://brainly.com/question/24233609
#SPJ4
(lesson 9.3: finite-horizon analysis.) suppose we want to estimate the expected average waiting time for the first customers at a bank. we make independent replications of the system, each initialized empty and idle and consisting of 100 waiting times. the resulting replicate means are: find a 90% confidence interval for the mean average waiting time for the first 100 customers.
A 90% confidence interval for the mean average waiting time for the first 100 customers is 3.188,5.212.
With a 90% confidence interval, there is a 10% chance you are wrong. A 99% confidence interval is wider than a 95% confidence interval. If σ is estimated by the sample standard deviation S, then it is almost correct for moderately large n.
According to the rule, 95% of the values are within 2 standard deviations of the mean, so simply add and subtract 2 standard deviations from the mean to get the 95% confidence interval To do. We are confident that 95 out of 100 guesses are between the upper and lower limits specified by the confidence interval.
Learn more about Confidence intervals here:- https://brainly.com/question/15712887
#SPJ4
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. If the per-unit price of raw materials rises from $4 to $8 and all else remains constant, the aggregate.
If the per-unit price of raw materials rises from $4 to $8 and all else remains constant, the aggregate supply curve would shift to the left.
What Is a Supply Curve?The supply curve is a visual depiction of the relationship between the price of an item or service and the amount delivered over period. A common depiction will have the price on the left vertical axis and the equilibrium quantity on the horizontal axis.
What causes a change in the supply curve?Shift in the supply curve: Variations in manufacturing costs and other variables can cause a whole supply curve to move to the right or left. The quantity offered at a particular price can be higher or lower as a result. Supply curves connect prices and quantities provided under the ceteris paribus premise, which holds that no other variables vary.
To know more about supply curve visit:
https://brainly.com/question/6075885
#SPJ4