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2 years ago

Character traits like passion, perseverance, and integrity can determine your success.

1 answer:

6 0

Character traits can help drive your success. When you have passion, perseverance, and integrity you have a better chance at being successful with something you are truly passionate about. It's best to stay focused and work as hard as you can to accomplish your goals. If you are able to manage your time and stay focused you will likely succeed.

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This pricing tactic works because although we can remember the exact price right when we see the price, after a few weeks we for

PilotLPTM [1.2K]

Answer: A. the 99 principle

Explanation:

This strategy, often called "charm pricing," involves using pricing that ends in "9" and "99."

With charm pricing, the left digit is reduced from a round number by one cent. We come across this technique every time we make purchases but don’t pay attention. For example, your brain processes $3.00 and $2.99 as different values: To your brain $2.99 is $2.00, which is cheaper than $3.00.

How is this technique effective? It all boils down to how a brand converts numerical values. In 2005, Thomas and Morwitz conducted research they called "the left-digit effect in price cognition." They explained that, “Nine-ending prices will be perceived to be smaller than a price one cent higher if the left-most digit changes to a lower level (e.g., $3.00 to $2.99), but not if the left-most digit remains unchanged (e.g., $3.60 to $3.59).”

4 0

2 years ago

Raj opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two hour

prisoha [69]

Answer:

Accounting profit = $50

Economic profit = $10

Explanation:

Accounting profit = Revenue - Explicit cost

$60 - $10 = $50

Economic profit = Accounting profit - Opportunity cost

$50 - $40 = $10

I hope my answer helps you

6 0

2 years ago

A company will begin stocking remote control devices. Expected monthly demand is 800 units. The controllers can be purchased fro

galina1969 [7]

Answer:

I will take Supplier A and make orders of 500 units as give lower inventory cost

From the proposed units the best option to inimize cost is 500 units.

Explanation:

Supplier A Supplier B

1 –199 $14.00 1–149 $14.10

200–499 13.80 150–349 13.90

500+ 13.60 350 + 13.70

Holding Cost 25% of the unit price.

D = annual demand =

800 monthly x 12 month = 9,600 per year

S= setup cost = ordering cost = 40

H= Holding Cost = $13.60 x 25% = 3.40

Optimal Order Quantity

taking $13.60 (order size must be over 500)

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

$Q_{opt} = \sqrt{\frac{2(9,600)(40)}{3.40}}$

OOQ: 475.2708206

As it is below the 500 to get the $13.60 price is not a cost minimizing option but, it can be better than the alternative

Ordering 9600 / 500 x $40 = $768

Holding: 500/2 x $13.60 x 25% = $850

Total $ 1,618

Using Supplier B of $13.70 (reqirement order size +350)

H= Holding Cost = 13.70 x 25% = 3.43

$Q_{opt} = \sqrt{\frac{2(9,600)(40)}{3.43}}$

OOQ = 473.5330787

This order size will minimize the inventory cost.

Ordering 9600 / 474 x $40 = $810

Holding: 474/2 x $13.70 x 25% = $812

Total $ 1,622

Given cases:

Ordering 9600 / 150 x $40 = $2,560

Holding: 150/2 x $14.00 x 25% = $262.5

Total $ 2,822.5

Ordering 9600 / 500 x $40 = $768

Holding: 500/2 x $13.60 x 25% = $850

Total $ 1,618

Ordering 9600 / 200 x $40 = $1,920

Holding: 200/2 x $13.80 x 25% = $345

Total $ 2,265

Ordering 9600 / 350 x $40 = $1,097

Holding: 350/2 x $13.70 x 25% = $599

Total $ 1,696

Ordering 9600 / 300 x $40 = $1280

Holding 300/2 x $13.80 x 25% = $517.5

Total $1797.5

8 0

2 years ago

Nicholas, a longtime hotel manager for Wyndham, was meeting with Sophie, a regional manager, and telling her about his recent de

timama [110]

Answer:

The correct answer is: rational decision-making model

Explanation:

In the world of management and leadership, decision making is one of the most common, most demanding processes that have a high level of importance to determine the direction of organizations and determine how the processes that will guide the necessary activities will be to meet the objectives set.

Decision-making is fundamentally a choice between different alternatives to solve a problem in the most efficient way possible, but it cannot be taken lightly, so there are several methodologies and several types of decision-making, in this article we will discuss a bit about the "Rational model of decision making".

This model proposed by Herbert Simon is mainly characterized by the use of critical thinking to make decisions within organizations, equally applicable to everyday life. The rational model is simply to evaluate as objectively and sensibly different alternatives, with varied scenarios, causes and future results.

8 0

2 years ago

Read 2 more answers

2019,Do you think leadership style is fixed and unchangeable, or can leaders be flexible and adaptable with respect to style? Wh

Anna71 [15]

Answer:

No. I do not think leadership style is fixed.

Explanation:

There are various leadership styles used by leaders in organizations depending on the type of job, the category of employees, the situation, or the organizational goal the leader is trying to achieve.

Some of these leadership styles include; bureaucratic, democratic, autocratic, servant and transactional leadership styles.

It is best for leaders to be flexible and know what style to adopt depending on the particular situation.

For example, in situations where employees are inexperienced, a leader should choose a leadership style (such as bureaucratic leadership) where he gives instructions and directs the employees on what to do.

If on the other hand, such a leader is in charge of experienced employees, then he can adopt the democratic style of leadership, where the employees are allowed to give inputs and have freedom to make certain decisions.

7 0

2 years ago