What is a full-service supplier? What are the benefits of using full-service suppliers?

Q: Explain how the firm repair service effort impact customer satisfaction.

A: A measurement which indicates the level at which customer receives highest utility with the product…

Q: What does the following sentence mean? "It is critical to define your product while considering the…

A: "It is critical to define your items before taking into consideration the responses of rivals."When…

Q: Explain how ABC can help a firm identify its true low-cost suppliers. Illustrate with some

A: Solution- Process costing is a method of cost accounting that is used to determine the cost of…

Q: How does a service company calculate unit cost per service?

A: Unit service cost refers to the cost that is incurred for providing the service. It is a concept…

Q: Which of the following describe the relevant information for decision making: Select one: O a. Help…

A: SOLUTION- Relevant information includes costs and benefits that differ among the alternatives.…

Q: How can CVP analysis be used by companies with multiple products?

A: Cost Volume Profit Analysis (CVP Analysis): This analysis is helpful in determining how any type of…

Q: Why are support department costs difficult to apply to products?

A: Given: The difficulty in applying the support department costs on products.

Q: “Sunk costs are considered by a manufacturer in decision making”. Do you agree? Explain.

A: "Sunk costs are considered by a manufacturer in decision making”. I do not agree with this…

Q: What are some tactical and strategic retail customer considerations?

A: Strategic management or business management is the science, art, and craft of preparing,…

Q: What is a global network of organizations and activities that supply a firm with goods and services?…

A: To supply a firm with all the goods and services, a global network is being setup which includes…

Q: How can Firms that do not want to become involved in licensing or to become heavily involved in…

A: Contract manufacturing is the process through which a small business or entity hires another company…

Q: industry cost standards

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Discuss the role of conversion cycle for service and retailing entities

A: Transaction Cycles: The similar transactions of an organization are grouped together to form a…

Q: Computer controlled machining system is an example about which of the following primary activities…

A: Value chain analysis has 5 primary activities namely Inbound logistics, Outbound Logistics,…

Q: What is the danger in allocating common fixed costs among products or other segments of an…

A: The costs which are not allocated to any specific segment in the business organization are called…

Q: What are the possible problems associated with receiving goods ordered from a vendor/supplier?

A: Inventories are the stocks of the goods maintained by a company that can either be in the form of…

Q: What is the value of customer relations and customer service?

A: Customer relations is the relationship with customer and the focus of which is to build customer…

Q: Define the Term Skilled Producers & Sophisticated Consumers?

A: Sophisticated Customer:   A sophisticated customer refers to a customer who is aware regarding the…

Q: XYZ Inc, is a BPO company that carters to different services: call.center.finance, and information…

A: Indirect Cost-:Indirect costs are expenses that correlate to an additional than one business action.…

Q: In value chain analysis, what is the activity of arranging the delivery of products to customers…

A: Value chain analysis is an analysis that is done in business in order to evaluate value added…

Q: Do you think it is possible to set standard for delivery of service, which are primarily dictated by…

A: Standards are set for efficient utilization of operation resources and to perform the activity with…

Q: What distinguishes a merchandising business from a service business?

A: Merchandising Company and Service Company: A merchandising company generates income by selling goods…

Q: Why might a manufacturer chooseto hire a third-party logistics firm rather than a conventional…

A: Logistics refers to the overall process of managing how resources are acquired, stored, and…

Q: 1. Why do entrepreneurs need to consider the credibility of suppliers in choosing suppliers of raw…

A: Credibility of Suppliers is one of the key considerations for choosing suppliers.  Credible…

Q: Do you think transaction processing systems differ significantly between service and manufacturing…

A:

Q: What is the chief difference between manufacturing and service industry firms?

A:

Q: What is a customer loyalty program, and how is such a program accounted for?

A: Customer loyalty program: A customer loyalty program is a program run by a company that offers…

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…

Q: What is a reasonably foreseeable use of a productand why is it important to companies?

A:

Q: XYZ Inc, is a BPO company that carters to different services; call center, finance, and information…

A: The following cost drivers are listed for XYZ Incorporation:

Q: Who are Self-service retailers?

A: Retailers: A retailer is an entity that sells merchandise like consumer goods, groceries, or cars…

Q: What is a customer preference map, and why is it useful?

A: Customer value: Customer value is simply what value a customer gets. By formula, it’s the difference…

Q: is the delivery of products or services to customers. O a. Distribution O b. Customer service O c.…

A: Lets understand all the terms mention in the question to determine right answer. There are various…

Q: What selection criteria does Trek utilize when it selects a new supplier or evaluates an existing…

A: Supplier selection is a necessary process in procurement. Identify the business requirements and…

Q: What are the disadvantages of outsourcing? (BUY)

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: What does the target full product cost include?

A: Definition:   Target full product cost: The target cost is the maximum cost of a product that can…

Q: Company A is currently manufacturing a component but is considering buy reliable supplier. Which of…

A: The avoidable fixed cost is the cost that does not change with the output but can be avoided in…

Q: What is the distinction between service and merchandisingcompanies?

A: Despite the fact that marketing organizations and administration organizations adjust to sound…

Q: Can you explain the comparables method?( Must include how it works , key factors ,how we determine…

A: Comparable Method or comparable company analysis (CCA) is referred to as the procedures for…

Q: Discuss the differences between internal and external users of information and their needs and…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…