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stealth61 [152]
1 year ago
11

George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i

nnovate, the top management of the company has given him the complete liberty to develop a new smart phone application using the resources of the company. In this scenario, George best illustrates a(n)
Business
1 answer:
Damm [24]1 year ago
3 0

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

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Of the following companies, which uses a direct marketing channel? A. Showdown, a clothing store that stocks merchandise from di
Stels [109]

Answer:

The correct answer is D. Holly Wreaths, a store that sells Christmas ornaments to customers via its online click-to-order catalogs

Explanation:

Direct marketing channel is the process of selling directly to the end buyer without any intermediary.

Holly Wreaths is selling directly to customers via its online click-to-order catalogs so this is direct marketing channel.

8 0
2 years ago
The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and cons
Monica [59]

Answer:

Land $80,900

Building $643,000

Explanation

Land

Demolition of old building $9,000

Sale of salvaged materials (1,100)

Legal fees (for title investigation of land) 3,000

Purchase price of land $70,000

Total $80,900

Building

Architect fees (for new building) 20,000

Building construction cost 600,000

Interest cost related to the construction 23,000

Total $643,000

7 0
1 year ago
Phil’s filling station gas station operates on a patch on the highway in a patch where there were no gas stations close by. It e
Harman [31]

Answer: Both A and C

Explanation:

The Phil's filling gas station operates on a highway was solo in that area and had no other gas stations nearby.It enjoyed the profit .

Sooner a new gas station opened near Phil's gas station.The profit of the Phil's gas station started decreasing. This was because the it has to lower prices to increase its demand and as there were substitutes available in the market now, people moved to another gas stations for their need.

Both of the cases will decrease its profit.

7 0
2 years ago
Champagne, inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciation and amortization of $1.5 m
Hoochie [10]

The free cash flow can be calculated as below:

Revenue 12000000

Less: Expense (8000000)

Less: Depreciation (1500000)

Earnings Before Tax 2500000

Less Tax (750000)

Earnings after tax 1750000

Add Depreciation 1500000

Total Cash Earnings 3250000

Less: Change in Working Capital (500000)

Less : Purchase of Asset (700000)

Free Cash Flow 2050000

Thus Free Cash Flow can be calculated as above.

4 0
2 years ago
Use what you have learned about managing credit to complete these sentences. Filing for bankruptcy can debt. A major consequence
Agata [3.3K]

Answer:

•Filing for bankruptcy can eliminate debt.

•A major consequence of bankruptcy is that it can harm an individual's chances of receiving additional credit.

Explanation:

Bankruptcy can be defined in three ways.

1. Bankruptcy involves restructuring debts owed by a debtor inorder to be able to pay them. In other words, debtors would file for bankruptcy if they want more time to have their debts restructured(having a payment plan). This gives them another opportunity to pay up their debts.

2. Bankruptcy is  when a company sell off it's assets or liquidate them inorder to pay up the debts owed to creditors.

3. Bankruptcy is when an individual who earns wages or has steady source of income is allowed to have a payment plan in order to pay part of his or her debt.

In the above defined bankruptcy options, the chances of getting additional credit after paying up the initial is low. The reason is that these debts would reflect in the credit report of would be borrower in the future hence pose a red flag to organizations that would grant the credit.

It is important for individuals or companies to manage their credit efficiently. Though filing for bankruptcy can eliminate debt, the major future consequence of it is that it can harm an individual's chances of receiving additional credit.

8 0
2 years ago
Read 2 more answers
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