Answer:
Letter b is correct. Line extension
Explanation:
This question is an example of product line extension. When the company decides to incorporate some version of a product to please new customers and keep the old product in the product mix, it is using the strategy of extending the product line. This is one way an organization uses to position the brand in new markets, which benefits in attracting new customers and gaining competitiveness.
Answer:
The answer is: January 5
Explanation:
This is a bill and hold arrangement which enables payment ahead of the delivery of the equipment.
Once Merkel places the purchase order, it should record the cost of the office equipment. It is usual that companies pay in advance a percentage of the total cost and the rest when the equipment is delivered.
Answer:
When Peter Solvik joined Cisco in January 1993 as the company's CIO, Cisco was a $500 million company running a UNIX-based software package to support its core transaction processing, including financial, manufacturing, and order entry systems. At that time, Cisco was experiencing significant growth. However, the application didn't provide the degree of redundancy, reliability, and maintainability that Cisco needed to meet the business requirements anymore. The current systems may be good for $300 million companies, but they were not suitable for a $1 billion dollar company. Solvik let each functional area make its own decision regarding the application and timing of its move, but all functional areas were required to use common architecture and databases. However, in the following years, the functional area were facing dilemma. Anything Cisco did would just run over the legacy systems. It turned into an effort to constantly band-aid the existing systems. So the systems replacement difficulties of functional areas perpetuated the deterioration of Cisco's legacy environment. System outages became routines. Finally, in January of 1994, Cisco's legacy environment failed. As a result, the company was largely shut down for two days.
Why were no managers eager to take on this project?
Because if Cisco wanted to replace the existing legacy systems, the system in each functional areas had to make change accordingly. Take manufacturing for example, if manufacturing wanted to spend $5 or $6 million dollars to buy a package and by the way it will take a year or more to get it. It was too much to justify. Therefore, none of managers was going to throw out the legacies and do something big. In a word, because implementation a new system would cost a lot of money and take long time to be realized, no one was individually going to go out and buy a package.
Explanation:
Answer:
Break Even Sales Volume in Dollars= $ 19500
Explanation:
Break Even Sales Volume in Dollars= Fixed Costs/ Contribution Margin Ratio
Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)
Break Even Sales Volume in Units = Fixed Costs/ Contribution Margin per Unit
Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)
Break Even Sales Volume in Dollars= $6,240/1-(130/190)
Break Even Sales Volume in Dollars= $6,240/1-0.68
Break Even Sales Volume in Dollars= $6,240/0.32
Break Even Sales Volume in Dollars= $ 19500
Answer:
A. increased, and Eurozone goods are now more expensive to U.S. customers
Explanation:
The exchange rate represents a link between domestic prices and foreign prices, so Three years ago, Price in the Eurozone was:
P1 (US)= 1.32 USD / EUR * P1 (Eurozone)
Now, after three years of inflation, the new prices are
P2 (US)= 1.18* P1 (US)
P2 (EUROZONE) = 1.12 *P1 (EUROZONE)
So, if we replace in the equation =
P2 (US)/1.18 = 1.32 * P2 ( EUROZONE)/1.12
P2 (US) = (1.32 * 1.18)/1.12 *P2 (EUROZONE)
P2 (US) = 1.39 P2 (EUROZONE)
As we can see, the teorical exchange rate should be 1.39 but we have a REAL exchange rate of 1.4, which is greater, the prices are now more expensive to US customers
