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Lilit [14]
2 years ago
11

Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste

than its competitors.B) A firm offers more reliable products than its competitors.C) A firm's products are introduced into the market faster than its competitors' products.D) A firm utilizes is capacity more effectively than its competitors.E) A firm advertises more than its competitors
Business
1 answer:
finlep [7]2 years ago
4 0

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

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You are in charge of preparing a team of three managers from the United States to go to Ciudad Juarez, Mexico, where your compan
Liula [17]

Explanation:

With the intention of preparing the three selected managers as effectively as possible to go to work at a furniture manufacturer in Ciudad Juarez, Mexico, it is ideal that a plan be developed that takes into account mainly what will be the roles performed by the managers in the company, in that case it will be necessary to review the current operations of the plant and manage the plant for the next three years.

First of all, there must be adequate training so that managers can develop their intercultural communication skills, respecting the values ​​of employees of different nationalities, so that interaction flows in the best possible way for business success. After this primordial action, it is necessary that the managers have knowledge about the plant, about the objectives and goals of the company, so that they develop the adequate and integrated management for the organizational success, it is necessary that they participate in meetings, that have flexibility of decisions and are motivated to collaborate with innovative and creative solutions for the company to develop the processes in an expected manner.

8 0
2 years ago
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel
Montano1993 [528]

Answer: -30%

Explanation:

The Nominal gain is:

= 100,000 - 20,000

= 80,000 foci

Tax on nominal gain:

= 20% * 80,000

= 16,000 foci

After tax nominal value of land:

= 100,000  - 16,000

= 84,000 foci

The real value given the price index is:

= 84,000 / 600 * 100

= 14,000 foci

After tax real rate of cap. gain:

= (14,000 - 20,000) / 20,000

= -30%

8 0
1 year ago
In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and
Schach [20]

Answer:

The correct answer is a) economies of scale

Explanation:

Economies of scale are when a company increases the production or associate with other company, to obtain a better price to reduce the cost of production. This happens because costs are spread over a larger number of goods.

Example:

Company A, require apples to produce his final product. And the provider has a price for each apple, however, if you buy more than 100, he gives you a discount of 5%. Company A can´t afraid this, because it just needs 50 apples per production.

The solution for the company is trying to expand the market, become efficient, to duplicate his production and obtain the discount. Or associate with Company B that needs 50 apples too, to obtain the discount and reduce his cost.  (1 big purchase is better than 2 small purchases)

8 0
1 year ago
Neighbors Bicycles needed more bicycle seats. It decided to order gel seats in addition to the traditional seats it had always o
Eva8 [605]

Answer:

The answer is: Modified rebuy

Explanation:

A modified rebuy happens when a company (or an individual consumer) will buy a product or service which it has already purchased in the past. But now the company wants to change either the supplier, the product's specifications (e.g. gel seats) or the terms of the sale.

7 0
1 year ago
ASSETS Cash $ 20,000 Accounts receivable 80,000 Inventory 50,000 Net plant and equipment 250,000 Total assets $ 400,000 LIABILIT
Dahasolnce [82]

Answer:

The firm's receivable turnover is 20 times

Explanation:

The computation is shown below:

Accounts receivable turnover ratio  = (Credit sales ÷ average accounts) receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($0 + $50,000) ÷ 2

= $25,000

And, the net credit sale is $500,000

Now put these values to the above formula  

So, the answer would be equal to  

= ($500,000 ÷ $25,000)

= 20 times

And, the average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 360 days ÷ 20

= 18 days

7 0
1 year ago
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