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olganol [36]
1 year ago
5

1. Describe Village Volvo's service package.

Business
1 answer:
Novay_Z [31]1 year ago
3 0

Answer:

See the explanation for the answer.

Explanation:

1. Village Volvo’s service package involves following 5 service package:-

a) Implicit Service:-Mechanics of Volvo provides very friendly environment with positive attitude. They acts as helping hand to customers by providing them advice/consultancy.

b)  Explicit Service:-Volvo provide high quality of repair services with a reasonable price thereby ensuring that all Volvo vehicles are running smoothly with no problems.

c)   Facilitating goods:-They provide good waiting area for their customers with services such as TV, coffee, soft drink machine newspaper.

d)  Supporting facility: - They occupy new building and keep it neat and clean. This building include all facilities as per requirement.

e)  Information:-Mechanic understand vehicle’s problem first, analyze solution and notify customer with estimated cost and time required.

2. Distinctive characteristics of a service firm illustrated by Village Volvo are:-

a)  Trust

b)  Customer comfort and satisfaction

c)  Respect

3. Village Volvo can manages its back office like a factory by adoption framework of quality management i.e

a)  Giving more importance to safety of its employees.

b)  Stressing more on security of its employees

c)  Create friendly environment for employees to work in and provide employee satisfaction.

d)  Provide a sustainable growth.

4. Village Volvo can differentiate itself from Volvo dealers from following ways:-

a)  Sustainable customer touch points.

b)  Professional mechanics/agents

c)  Through service excellence, village Volvo can create a differentiation.

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Which functionality would you include in the product category of the marketing mix?
Licemer1 [7]

The after sales services are included in the product category of market mix.  Option C

<u>Explanation: </u>

The set of ideas or actions taken by a business entity or a company to promote its product or brand in the market. The four P’s of marketing mix are namely,

  • Product - The end product that is offered for sale.
  • Price – The value set for the finished good for selling.  
  • Place – Direct or indirect markets.
  • Promotion – Public relations, advertising, etc.,

From the given, discounts comes under pricing, product image used in advertising comes under promotion and substitute goods belong to a different topic. After-sales services comes under the service branch of the product category.

6 0
2 years ago
Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
igomit [66]

Answer:

Explanation:

Balance as per cash book =                             6,650

Deduct uncleared check            (450)

Check 323                                      (650)

Rent                                                 ( 1200)

Interest                                              165

Titanic payment not captured        5,500

Service fee                                        (100)

Total adjustment                                                      3,265

Adjusted balance                                                     9,915

Balance as per bank statement                               10,665

Cash receipt                                     1250

Check 325                                        ( 450)

Check 327                                         (1550)    

Total adjustment                                                       (750)

Adjusted balance                                                       9,915

b)

Cash adjustment

Uncleared customer check

Debit customer = 450

Credit Cash   = 450

Advertising

Debit Advertising     650

Credit Cash               650

Rent

Debit rent                   1200

Credit Cash                1200

Interest

Debit cash                                   165

Credit interest expenses             165

Payment from Titanic

Debit cash                     5,500

Credit Oscar                  5300

Credit  Interest  exp.       200

Service fee

Credit cash                    100

Debit service charges   100

4 0
2 years ago
Boat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
Neko [114]

Answer:

1286

Explanation:

Boat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Boat product manager do in order to improve upon the buying criteria, and thus potentially increase demand?

Correct Answer:- Increase the promotion budget to gain greater awareness

Answer:- Boat is a product of the Baldwin company which is primarily in the Nano segment, but is also sold in another segment. Baldwin starts to create their sales forecast by assuming all policies (R&D, Marketing, and Production) for all competitors are equal this year over last. For this question assume that all 1128 of units of Boat are sold in the Nano segment. If the competitive environment remains unchanged what will be the Boat product’s demand next year (in 000’s)?

Correct Answer:- 1286

7 0
1 year ago
Risks commonly considered to understand project financing are:
Alex17521 [72]

Construction and completion risk, political and regulatory risk and expropriation and nationalization Risk, and environmental risk.

7 0
2 years ago
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Suppose that you buy a new car, and you purchase it with a bag of gold coins minted in a foreign country. Which of the following
aleksley [76]

Answer:

D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value

Explanation:

Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver

Fiat money is money that has no intrinsic value but the government establishes it as money.

I hope my answer helps you

5 0
2 years ago
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