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almond37 [142]
1 year ago
15

At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h

as on its shelves, how many jars of each spice was sold the past week and the past month, and exactly when the next shipment of these spices is expected to arrive. World Spice Market embraces the strategy of _____
Business
1 answer:
Norma-Jean [14]1 year ago
5 0

Answer:

using technology to respond to customer needs

Explanation:

World Spice Market Inc. chose technology over manual efforts for inventory management. This strategy of using scanner has helped the company stay updated about customer needs and be responsive to it. If a particular product is out of stock, the sales representative would be able to tell the exact date of its arrival with the help of the scanner. Digitization has saved time and efforts and increased customer satisfaction.

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President Chris Zane mentions that employees' performance is not evaluated every six months or every year as in many organizatio
dsp73

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Discuss failures of individuals of the company

b) Establish performance standards as a group

c) Measure, evaluate and take corrective action

d) Correct employees' actions by berating and celebrating

e) Cross-train employees

And the correct answer is the option C: measure, evaluate and take corrective action.

Explanation:

To begin with, when it comes to terms of control regarding the inside structure of an organization, the managers use different processes and techniques to take on that job of controlling the employes of the company in order to see how everything is going. In the case of Chris Zane, as he wants to do a control every week, then he is absolutely interesting in evaluating and measuring the improvements of every one inside the business so in that way he can take action in time to correct something if it is not going as planned. And that is the main reason why he would use a controlling process where he needs to have everything going as planned.

3 0
1 year ago
A consumer would pay an extra if they used the rent to own program to buy the computer, rather than using cash. For all of the i
Vlada [557]

Answer: If you want to purchase any kind of goods and services like furniture, appliances, electronic gadgets, and other such items but you do not have enough money or cash or credit to purchase it, then the rent to own becomes your lender of last resort.

They are the business where they collect weekly or monthly payments of the product and until the cost of the item is not covered and then the items come in the buyer’s possession after the payment is made in full.

7 0
2 years ago
Read 2 more answers
Jack is considering adding toys to his general store. He estimates the cost of toy inventory will be $4,200. The remodeling and
Nata [24]

Answer:

No. The payback period is 3.8 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

The amount invested = $4,200 + $1,500 = $5,700

Please check the attached image for an explanation on how the payback period was calculated.

Pay back period = 3 years + 1400/1750 = 3.8 years.

3.8 years is greater than the required 3 years Payback period. Therefore, Jack shouldn't accept the project.

I hope my answer helps you

7 0
2 years ago
Wentworth's Five and Dime Store has a cost of equity of 11.4 percent. The company has an aftertax cost of debt of 5 percent, and
Irina-Kira [14]

Answer:

WACC = 6.66 %

Explanation:

<em>Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund</em>

WACC = (Wd×Kd)  +  (We×Ke)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt = 5%

Ke-Cost of equity = 11.4%

Wd-Weight f debt -74%

We-Weight of equity = 26%

WACC = (0.74× 5%)  + (0.26 × 11.4%) = 6.66 %

WACC = 6.66 %

8 0
2 years ago
You have just calculated the acid-test ratio for Peak Performance Sporting Goods [acid test ratio = 1.0]. As a loan officer for
Radda [10]

Answer:

D) An acid-test ratio = 1.0 tells us that without adequate inventory turnover, this company may represent a higher risk. Peak Performance's acid-test ratio shows that the firm maintains $1.00 in current assets for every $1.00 in current liabilities.

Explanation:

The acid test ratio is the ratio which depicts the liquidity of the company. It excludes the inventory, prepaid expenses, etc for calculating it

The formula to compute is shown below:

Acid test ratio is

= Quick assets ÷ current liabilities

Therefore according to the given situation, the correct option is d.

4 0
2 years ago
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