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Daniel [21]
2 years ago
5

Recently, the Polish General Corporation, well-known for manufacturing appliances and automobile parts, initiated a $13 billion

project to produce automobiles. A great deal of learning on the part of management and employees was required. Even though pressure was mounting to get a new product to market in early 2012, the production manager of the newly formed automobile division insisted on almost a year of trial runs before sales started because workers have to do their jobs 60 to 100 times before they can memorize the right sequence. The launch date was set for early 2013. What are the consequences of using this approach to enter the market with a new product?
Business
1 answer:
vladimir1956 [14]2 years ago
5 0

Answer:

Polish General Corporation is a new player in automobile production, their background for manufacturing automobile parts is an advantage as they can insource for parts.

The approach of giving ample time for trials is a good one. It will be a competitive advantage for the company if their products are synonymous with quality.

Their first product in the automobile market place should set a standard on which the company can build a long lasting brand.

So the decision by the manager to prolong trials is a wise one. The employees will also have mastered the process at the end of this period, having practices 60 - 100 times. Based on the expertise learnt products produced in the future will also have high quality.

Explanation:

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ASSETS Cash $ 20,000 Accounts receivable 80,000 Inventory 50,000 Net plant and equipment 250,000 Total assets $ 400,000 LIABILIT
Dahasolnce [82]

Answer:

The firm's receivable turnover is 20 times

Explanation:

The computation is shown below:

Accounts receivable turnover ratio  = (Credit sales ÷ average accounts) receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($0 + $50,000) ÷ 2

= $25,000

And, the net credit sale is $500,000

Now put these values to the above formula  

So, the answer would be equal to  

= ($500,000 ÷ $25,000)

= 20 times

And, the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 360 days ÷ 20

= 18 days

7 0
2 years ago
Rogoff Co.'s 15-year bonds have an annual coupon rate of 9.5%. Each bond has face value of $1,000 and makes semiannual interest
meriva

Answer:

maximum sum of $891.00

Explanation:

given data    

Face Value = $1,000

Annual Coupon Rate = 9.50%

Time to Maturity = 15 years

yield to maturity = 11%

to find out

maximum price you should be willing to pay for the bond

solution

we know that Semiannual Coupon Rate will be  = 4.75%  

so semiannual Coupon will be = Semiannual Coupon Rate ×  Face Value

semiannual Coupon = 4.75% × $1,000

Semiannual Coupon = $47.50

and Semiannual Period will be for 15 year  = 30

and Semiannual yield to maturity will be here YTM = 5.50%

so

Current Price  will be here

Current Price = Semiannual Coupon × \frac{1-(\frac{1}{1+r})^t}{r} + \frac{faevalue}{(1+r)^t}     ...................1

put here value

Current Price = $47.50 × \frac{1-(\frac{1}{1.055})^{30}}{0.055} + \frac{}{1.055^{30}}

Current Price = $891.00

so pay a maximum sum of $891.00

6 0
2 years ago
Universal Containers has two sales groups. Each group has its own unique sales process. What is the best way to ensure that sale
Gre4nikov [31]

Answer:

The use of a proper CRM.

Explanation:

A CRM basically means or translate to a Customer Management System.

A customer management system is an Information technology tool or software that enables companies to properly manage track and monitor their interactions and relationship with clients or potential customers.

Referring back to the question asked, the best answer to the question is to categories or segment the customer management system into teams and generate a unique assess code such that only the team working on a particular potential customer can access and monitor the status of interaction between a sales person and a customer within the same sales team.

This way, a third party sales team does not have access to the data of other sales team.

8 0
2 years ago
Cody Barnett enjoys several advantages as a Sonic franchisee. Which of the following is NOT an advantage of franchising?
Alenkasestr [34]

<u>Option E is correct.  The management regulation is not an advantage of franchising.</u>

Further Explanation:

Franchise: Franchising is a form of business where the franchisor (who has an established brand name) gives the right to the franchisee to use its trademark, products, services, and also provide training and assistance for operating the business. The advantages of the franchising are:

• Marketing and Management assistance: The training is provided by the franchisor to the franchisee on how to carry on the business and also provide marketing assistance.

• Personal ownership: The franchisee is the owner of the business in the territory of which is he /she purchased the rights. He pays the royalty for the right purchased

• Nationally recognized name: The franchisor's business usually has a global presence, so it is nationally recognized.

• Financial advice and assistance: The franchisor provides financial assistance and advice to the franchisee so that the business can maintain its brand name.

• Lower failure rates: Since the franchise has a global presence and brand position, so chance of failure is lower.

<u>Therefore, the management regulation is not a benefit of franchising because the franchisee cannot change the way management is being done, although the business is owned by the franchisee. </u>

Learn more:

1. Learn more about the management resource activity

brainly.com/question/10700933

2. Learn more about the management charactistics  

brainly.com/question/10649225

3. Learn more about customer relationship management

brainly.com/question/6657146

Answer details:

Grade: High School

Subject: Business

Chapter: International business

Keywords: Cody Barnett, Sonic franchise, management assistance, personal ownership,  lower failure rate, management regulation, nationally recognized name.

7 0
2 years ago
Read 2 more answers
Bradley, an executive chef in a large hotel, recently attended a training conference sponsored by several top professionals in h
Nonamiya [84]

Answer: learning organisation

           

Explanation: In simple words, this refers to the organisation which focuses on continuous training of their employees and frequently makes changes in their administration structure. These are usually immature organisations who are new in the market.

In the given case, The hotel management is operating at a large scale and is open to new ideas that can improve their business.

Hence from the above we can conclude that Bradley's hotel is a learning organisation.  

4 0
2 years ago
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