In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In 2010, the company made an annual profit of $200,000. It has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,00 by 2013. The total costs of the company in 2011 were
Q: What is the purpose of creating a process exception?
A: Process exception- Managing exceptions that arise in active processes is known as process exception…
Q: What are the main elements of Marketing Strategy and how does creative marketing strategy apply to…
A: A marketing strategy can be implied as a plan designed and executed by a company to use its limited…
Q: How would he define customer service? If Chuck were to write a training manual on CUSTOMER SERVICE…
A: Customer service seems to be the assistance you provide to your clients to make their interactions…
Q: the Psychological pricing. Consider the strategy Behind the Phycology product pricing, $9.99
A: CHARM PRICING ($20.99) The practice of setting prices below integers is called psychological…
Q: Anuar is the Managing Director of Warung Pakatan Sarapan, a stall that offers a variety of Malaysian…
A: Porter's generic strategies determine how a company pursues competitive advantage across its chosen…
Q: What are some of the alternatives to purchasing commercial software that you have available? Which…
A: IntroductionCommercial software is any software or program designed specifically for licensing,…
Q: This is the stage when the behavioural practice is becoming habit. Preparation Maintenance Action…
A: The Behavior Change model is one of the best-known approaches to change. It was introduced during…
Q: Suppose you are a salesperson at a high-end jewelry store. What canyou do to ensure that your…
A: It is much cost efficient to sell products to existing customers rather than acquiring new customer…
Q: Describe in depth the NCS's fourteen flagship initiatives.
A: The Honorable Prime Minister Narendra Modi has announced the Five Year Mission Mode Project known as…
Q: Sub: inter. marketing Please Answer (previous time just only explanation) But no need to explanation…
A: International marketing is a place where the company crosses the boundary to sell its products in…
Q: List the tools the Organization uses to achieve Its Goals?
A: The objective of any business organization is to offer products and services to customers in…
Q: Is there a spectrum of service innovation?
A: Innovation is a journey and not the end. It begins with small changes to radical changes and thereby…
Q: What are the reasons of growing popularity of Integrated Marketing Communication in today's business…
A: Integrated marketing communication ensures that all the promotional tools are carefully linked…
Q: This statement should be explored briefly. "The most critical factor for technology adoption will…
A: Human is very weak animal. We do not have sharp teeth, wings or gills, or eagle eyes. But we have…
Q: Can you apply some marketing concepts about how to advertise without a budget with some real cases?
A: Introduction:- Advertising refers to paid form of communication strategy which is used by the…
Q: Why sales promotion is said to be a bridge covering the distance between promotional advertising and…
A: Introduction :- Sales promotion is a marketing strategy in which the products are marketed using…
Q: Which of the following survey items use positive imagery?
A: Survey - A survey is a market research tool to gather information using relevant questions from a…
Q: 1. What are the competitive advantages of Visa so that it becomes a global payments powerhouse?…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Discuss the different types of Corporate Social Responsibility.
A: Corporate social responsibility is significant because it empowers companies to act responsibly in…
Q: State any four methods of performance appraisal in an organisation .
A: Please find the answer below. PERFORMANCE APPRAISAL IN ORGANISATION: Performance reviews are based…
Q: Does Innocent Drinks practice strategic commitment, strategic opportunism, or strategic alignment?…
A: Please find the answer below. STRATEGIC BEHAVIOUR: The phrase "strategic behavior" refers to all…
Q: Explains the Determinants of Customer Relationship Management
A: Customer is a person who will take part in the exchange with the company. Every company will create…
Q: Analyse the factors to be considered when implementing and evaluating inclusive learning and…
A: INTRODUCTION - As these variables are crucial for any organization's growth and development as well…
Q: What are WDE solutions and when should they be utilised?
A: There are numerous risks involved and a lack of safety while a person is using technological…
Q: What are the key points she should make in her presentation?
A: Presentation isn't everyone's forte, but it's a valuable skill to have, regardless of your job. If…
Q: Explain the importance of considering the needs of those using interacting with product throughout…
A: Marketers undertake relationship marketing strategy in order to create personal relationships with…
Q: Find five causes for the growth of business-to-consumer (B2C) e-commerce, and briefly describe them.
A: The trading of goods and services over the internet is known as ecommerce or electronic commerce.
Q: Investigate the various companies' approaches to using their information systems.
A: Businesses highly depend on Information technology or Information system today. The use of (IT)…
Q: What are the benefits of Great Customer Service?
A: Customer Service is defined as the process of interacting with customers to resolve their different…
Q: Examine the challenges that firms encounter with enterprise apps.
A: INTRODUCTION - Any company's successful functioning depends on the organisation of critical…
Q: Which of the following is true of the Sherman Act?
A: The Sherman Antitrust law is a landmark US law that banned businesses and companies from colluding…
Q: Why is personality development in the workplace?
A: Personality development can play a crucial role in developing one's personality and it is a very…
Q: Why should digital businesses specifically focus on marketing or intelligent property rights? Name…
A: Marketing serves as a channel, a communication instrument, for delivering the need and value to the…
Q: Does Corporations have any social responsibilities in terms of their sustainable growth?
A: Social Responsibility is the duty that should be performed by every individual and organization for…
Q: Give two examples of recent advances in computing that have helped boost the effectiveness of online…
A: The term technology refers to procedures, conceptual frameworks, and apparatus resulting from the…
Q: Increasing and enhancing client retention and loyalty is a vital component of any company's…
A: Client relationship management is a metric that gauges a company's capacity to retain customers over…
Q: Critically describe the Merge of Ethereum.
A: The Ethereum Merge is the new version of the Ethereum blockchain that will use a proof of stake…
Q: Elaborate the market expansion strategies.
A: A market expansion plan is a tactic that aids businesses in expanding after they have gone as far as…
Q: How can Green Marketing be used as a tool for sustainable competitive advantage ?
A: Introduction :- Green marketing include actions, product and production process modifications,…
Q: There are two sorts of content available to consumers thanks to Internet apps. It seems that there…
A: Services can be implied as anything intangible in their form. Intangibility means the inability to…
Q: question. Question The way children/youth can be framed as simultaneously in danger yet dangerous,…
A: Marketing is a strong or influential power which helps the company to create customers and brand…
Q: What are your thoughts on identifying real from fake content online?
A: DEFINITION - Fake content : Untrue news or stories can be found online. They could come in the form…
Q: What cultural values do think advertisements do not typically reflect? What do you think our…
A: Advertisement is a way to promote the brand and let the customers know the company has made such and…
Q: Write down importance of Controlling?
A: In management, controlling refers to the process of setting standards, measuring and evaluating…
Q: discuss the main features of modern marketing concept.
A: Introduction : The concept of modern marketing is expansive. It involves learning about the desires…
Q: how would you describe the continuous customer focus?
A: Clearly, most businesses today believe they are ‘customer focused’. Yet, the pursuit of continuous…
Q: Claims made in business rules are always true since they are based on a thorough description of the…
A: INTRODUCTION - Data modeling - Understanding an organization's business requirements and subsequent…
Q: Among those 4 M’s that we’ve discussed, what is the best way to capture the heart and minds of the…
A: The production operation can be understood as the manufacturing process that an organization…
Q: "Our balanced, broad-based businesses delivered strong results once again, in line with our…
A: The quote means that Once again, our diverse, well-balanced businesses produced impressive results…
Q: does the beer industry have huge potential in Cambodia
A: Every business operates and some industry and the strategies in that industry are impacted by number…
In 2011, the fixed costs of a company were $500,000, and its variable costs equaled $150,000. In 2010, the company made an annual profit of $200,000. It has been predicted that, despite a steady growth, the company's variable costs will likely equal $300,00 by 2013. The total costs of the company in 2011 were
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?A public school is being renovated for $13.5 million. The building has geothermal heating and cooling, high-efficiency windows, and a solar array that permits the school to sell electricity back to the local electric utility. The annual value of these benefits is estimated to be $2.7 million. In addition, the residual value of the school at the end of its 40-year life is negligible. What is the simple payback period for the renovated school? [ Select ] What is the internal rate of return for the renovated [ Select ] school?
- The publishing company is publishing a book for business economics for which it has estimated the following total fixed and average variable cost: Total fixed cost $ 100,000 Average Variable Cost $ 20 Selling Price $ 30 d) Find out the publisher breakeven point if fixed cost remain same at $ 100,000 but the variable cost reduced to $10. Also find out the breakeven point if profit of $60,000 has to be earned. e) Find out the breakeven and sales at required profit of $60,000 if all cost remain same but the price per unit increased to $40.Mavis and John have joined forces to start M&J Food Products, a processor of packaged shredded lettuce for institutional use. John has years of food processing experience, and Mavis has extensive commercial food preparation experience. The process will consist of opening crates of lettuce and then sorting, washing, slicing, preserving, and finally packaging the prepared lettuce. Together, with help from vendors, they think they can adequately estimate demand, fixed costs, revenues, and variable cost per 5-pound bag of lettuce. They think a largely manual process will have monthly fixed cost of $50,000and a variable cost of $2.50 per bag. They expect to sell 75,000 bags of lettuce per month. They expect to sell the shredded lettuce for $3.25 per 5-pound bag. John and Mavis has been contacted by a vendor to consider a more mechanized process. This new process will have monthly fixed cost of $125,000 per month with a variable cost of $1.75 per bag. Based on the above scenario: Should…Which of the following scenarios accurately reflects the meaning of the profit leverage effect? Group of answer choices With a 7.6% profit margin, decreasing your cost of goods sold (COGS) by $10,000 increases your pre-tax profits by $10,000, but increasing your sales by $10,000 only increases your pre-tax profits by $760. When operating with a 7.6% profit margin, your cost of goods sold will be $10,000 as long as your sales exceed $10,000. With a 7.6% profit margin, every additional $10,000 in sales increases your pre-tax profits by $10,000, while every $10,000 saved in purchasing increases your pre-tax profits by just $760. If your profit margin is 7.6%, every $10,000 saved in purchasing lowers your COGS sold by $760.
- Theme parks are considered a staple family attraction worldwide, known best for their rides and rollercoasters that appeal to thrill-seeking children and adults alike. Its success and profitability are maintained by installing more daring rides and appealing to popular cultural figures and franchises. However, due to the nature of theme park rides, the results can be incredibly serious when something goes wrong, and the stakes for theme park managers in ensuring the safety of their facilities are very high. Over the years, failure to comply with health and safety regulations, poor management systems, and mechanical defects have led to unfortunate incidents on various rides and rollercoasters, resulting in serious consequences. In 2005, an incident on the Smiler ride at Alton Towers caused by the failure of a test carriage that collided with a carriage carrying 16 people led to serious injuries, prosecution, and a £5million fine to the operating company, Merlin Attractions Operations…Describe the different type of costs to produce electricity. Categorize the costs by fixed and variable, and then indicate/describe the profit maximizing condition.During the economic downturn arising from the COVID -19 pandemic in South Africa the government created the Covid-19 Loan Guarantee Scheme which provided loans, substantially guaranteed by government, to eligible businesses to assist them Funds borrowed from this scheme, through the banking industry, can be used for operational expenses, such as salaries, rent and lease agreements and contracts with suppliers. The scheme however has not been as great a success as had been envisaged. a) Describe how the scheme works; b) Analyse the reasons why the uptake has been so poor; c) Identify the losses which are being guaranteed by government; and d) Propose changes which could be introduced to improve the scheme.