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SpyIntel [72]
2 years ago
4

The firm Patrick started nearly a decade ago is commonly referred to as a market leader. Upon reflecting on the leadership statu

s of his company, Patrick considered the qualities that could eventually bring a firm to a leading position in the marketplace. Which of the following is likely NOT a reason in Patrick's mind for a company being classified as a "leader"?
a. Sometimes a company is said to be the leader because it has the largest market share.b. Sometimes a company is said to be a leader because it was first to market.c. Sometimes a company is said to be a leader because it is a consistent and profitable follower.d. Sometimes a company is known for being innovative or quick to improve some other company's ideas.
Business
1 answer:
Crank2 years ago
3 0

Answer:

The correct answer is C

Explanation:

Market leader is the company position which have the largest market share or the highest profitability margin in a market for the goods and services. Market share, could be measured or evaluated by either the volume of the goods sold or the goods value.

The one which is not the reason in the mind of Patrick for being recognized as a leader is that the company is consistent as well as the profitable follower.

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A customer is looking for a particular brand of sunscreen and has not been able to find it in the store. He approaches you and a
pav-90 [236]

Explanation:

Considering the given situation, I am being a shop keeper and you are being a customer.

Most likely to do:

  • Customers are king. So I don't want to tell any customer "no". So I would support him by saying "Currently the stock has moved, we expect the order to be placed today and will assure to give him tomorrow".
  • So the customer will get hope and would continue to bring business. Building rapport and keeping contacts with customer is the most important.

Least likely to do:

  • Just say to the customer that the stock is not available.
3 0
2 years ago
A company manufactured 1,000 units of product during the year and sold 800 units. Costs incurred during the current year are as
Llana [10]

Answer:

$2,400

Explanation:

Total production Cost:

= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment

= $7,000 + $2,000 + $3000

= $12,000

Amount should be reported as inventory in the company’s year-end balance sheet:

= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)

= ($12,000 ÷ 1,000) × (1,000 - 800)

= $12 × 200

= $2,400

5 0
2 years ago
Ross has taken a new job at a restaurant. he is now in charge of the lunch shift. he helps determine the​ menu, works on marketi
umka21 [38]
The best option to choose is the Chief Chef or the Executive Chef. This type of chef is the one who is in charge of <span>the decision-making. He is the leader of the kitchen brigade. </span>
6 0
2 years ago
Item
dolphi86 [110]

Answer:

Option D

Explanation:

Given that she is a recent graduate, she still has school loans to pay off, and therefore, she would be cash strapped and unable to get loans from banks because she probably does not have a good credit score.

Therefore, the correct answer would be option D

7 0
2 years ago
Candace owns a small business that is financially struggling. In order to respond to economic pressures, Candace is now obliged
Inessa [10]

Answer:

The answer is both: B) organizational change or competition over resources

Explanation:

Organizational change usually takes place due to external or internal pressures. In this specific case, Candace´s business is not doing well, probably her sales are down. We don´t know the reason why, I can guess probably more competition, but we know she must act fast.    

Money is the most scarce resource of all. So if money is not flowing in like Candace would expect she must be able to make difficult decisions. Laying off a worker (out of how many?) is usually seen as a bad sign for the rest of the employees. Reducing labor days (Sundays) will probably also affect the rest of the employees negatively because they will simply work less hours and get paid less.

But the bottom line is Candace as the owner (probably also the manager) has to make the decisions that are necessary for her business to continue. It would always be worst for everyone involved (Candace and her employees) if they go out of business. That way everyone loses.

At this point Candace will need to communicate with her employees and let them know how bad the situation is and the necessary steps to be taken. Her actions will be unpopular but its her job to convince her employees that its for everyone´s best interest. Well, for everyone except the one employee already fired. Leaders must show up in difficult times and make tough choices.

4 0
2 years ago
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