Answer:
As this example illustrates, companies like Netflix must engage in <u>ONGOING STRATEGIC PLANNING</u> to remain relevant and competitive in the ever-changing environment of technology advancements, social trends, and legal regulations.
Explanation:
When a company develops a strategic plan, management is setting the business direction of the company. This means setting up a long term plan for the company to follow, but strategic plans cannot be fixed.
Strategic planning must always be an ongoing and fluid process, since markets are not static, nor your competitors will just sit around waiting for you to decide what to do. Your competition will constantly try to find ways to increase their market and lower yours, so you must respond accordingly.
In this case, Disney last year launched their own online service and that is going to be tough for Netflix, but if it isn't Disney, ti would be some other company.
Answer:
a) 2,093
b) It will reorder once there are 420 units left (demand during lead-time)
c) 34 days
Explanation:
a) economic order quantity
<u>Where:</u>
D = annual demand = 21,900
S= setup cost = ordering cost = 50
H= Holding Cost = 0.50
EOQ = 2092.844954
b) it takes four days to arrive:
if it sale 420 units per week then:
420 x 4/7 = 240 units are demand during delivery
c) order cycle:
EOQ / Annual Demand
2,093 / 21,900 = 0,09557 x 365 = 34.8333 days
It will order every 34 days (if it orders after 35 days will face shortage)
Answer:
Store of value.
Explanation:
Ruth Hu recently inherited $200,000. She has invested the inherited money in real estate and government securities. Hu is using her money as a store of value.
A store of value can be defined as the characteristic of an asset which makes it tradable, can be saved, maintain its value, retrievable and exchanged at a future time without it depreciating.
Assets with such functions or characteristics are money, gold, diamonds and other precious stones.
The answer to the question:
<span>What allows consumers to receive goods and services in a non price rationing system
is:
first come, first served
explanation:
the first come, first served system which is also known as the queuing system </span>resolves rationing problems which are brought by price ceilings.<span>
</span>
Answer:
$69,300
Explanation:
Given the following :
House A :
Sales price = $70,000
Monthly rent = $500
GRM = 140
House B :
Sales price = $68,500
Monthly rent = $490
GRM = 139.8
House C :
Sales price = $70,500
Monthly rent = $485
GRM = 139.6
The gross rent multiplier GRM is obtained as the proportion of the sale price of a property to it's monthly rent.
GRM = (Sales price / monthly rent)
If a property is rented for 495 and house A is the
most comparable, then
Sales price will be closest to:
GRM of House A × monthly rent of property
140 × $495 = $69,300
