In contrast to a differentiator, a cost-leader will:
a. focus its research and development on process technologies to improve efficiency.
b. charge a premium price for its products and services.
c. avoid an organizational structure that relies on strict budget controls.
d. build an organizational culture where creativity and customer responsiveness thrive.
Answers
Answer: a. focus its research and development on process technologies to improve efficiency.
Explanation:
A Cost Leadership strategy entails reducing the costs associated with production to the point that you are the most efficient producer in the industry. By reducing cost, the company is able to see higher profitability margins and could be able to lower sales prices thereby capturing greater market share.
The Cost Leader will therefore focus on coming up with ways with which it can keep costs at a minimum because it is important to their mode of operations.
A Differentiator on the other hand aims to increase market share by creating a product that people will see as different and will buy due to the added value. They will focus more on supporting creativity to make better products as well as customer responsiveness to see what it is that the customers like so that they can offer it.
Related Questions
To help audiences understand large amounts of information, which visuals are the most suitable?
Answers
different between isoquant and isocost
recommend situations in which the laissez-faire leadership style can be applied in the workplace
Answers
Laissez-faire leadership can be applied in situations where employees are experienced, highly skilled, creative, self-motivated, and independent.
One situation where this style can be applied is when working with highly skilled and experienced employees who are capable of making their own decisions and managing their tasks effectively. In this scenario, the leader can take a step back and provide support and resources when needed, allowing the employees to take ownership of their work.
Another situation where laissez-faire leadership can be effective is when working with creative teams such as marketing or advertising. These teams thrive on innovation and need the freedom to explore ideas without being micromanaged. In this case, the leader can provide resources and support but allow the team to come up with their own solutions and ideas.
Additionally, this leadership style can be useful when working with self-motivated and independent individuals who prefer to work autonomously. In such cases, the leader can provide a framework for goals and objectives and let the employees manage their work independently.
However, it's essential to note that this leadership style should be used cautiously as it can result in confusion, lack of direction, and low productivity if not implemented correctly.This leadership style involves minimal interference or guidance from the leader, with the focus being on allowing employees to make decisions and take charge of their work.
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which business function is concerned with delivering a product or service to customers?
Answers
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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Ye principles of internal control do bot include (a) preparation of written procedures. (B) conduct of external audits
(c) segregation of duties
(D) job rotation
(E) restricted asset acccess
Answers
Ye principles of internal control do not include restricted asset access
Option E is correct .
What befit the principles of internal control include?The most significant control conditioning concern segregation of duties, respectable authorization of sales and conditioning, acceptable documents and records, physical control over means and records, and self-dependent checks on performance.
What's internal control?Internal control is a procedure, effected by an reality's board of directors, supervision and other workforce, allowed to give reasonable satisfaction That facts is dependable, accurate and immediate. Of compliance with applicable laws, regulations, contracts, programs and processes.
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An increase in income is always possible with out increasing expenses.
O True
False
Answers
Doing some research on the key players will help you make the most of business blank or blank
Answers
The main benchmark for a business's success is customer satisfaction. Your ability to satisfy your customers to the point where they pick you over someone else, that they do business with you again.
What Exactly Is a Customer?A person or firm that purchases goods or services from another company is known as a customer. Consumers are crucial because they provide revenue; without them, firms would cease to exist.
In sales, commerce, and economics, a customer is the recipient of a good, service, product, or idea that they have purchased from a seller, vendor, or supplier in exchange for money or another useful consideration.
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What competition and Five Force Model Analysis?
Answers
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment. The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
How do you find a monthly payment on auto loans?
Answers
Answer:
Explanation:
m
The formula for calculating the monthly payment on an auto loan is:
M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]
Where:
M = monthly payment
P = principal amount of the loan
i = interest rate (per month)
n = number of months of the loan
Alternatively, you can use an online calculator to determine the monthly payment. Many banks and financial institutions offer online loan calculators that allow you to input the loan amount, interest rate, and length of the loan to determine the monthly payment.
It is important to note that the interest rate on an auto loan can vary depending on a number of factors, including the borrower's credit score, the length of the loan, and the type of vehicle being financed. It is also important to shop around to find the best interest rate and loan terms before committing to an auto loan.
Benson Rake is a member of the hiring board for Quambo Dynamics, a software firm. As the board reviews candidates for a position, one of the other board members wants to exclude Nicholas Mathers, a man in his 50s, because his age might mean that he would be retiring within the next 10 years. What law protects Nicholas against this practice
Answers
Answer:
ADEA
Explanation:
ADEA law can be regarded as an Act in 1967 which focus on "The Age Discrimination in Employment". It is a labor law in U.S that protect citizen from discrimination of age in labor , this law states that anyone of at least 40 years of age should not be discriminated when employing others.
What is true about early managers?
Answers
Answer:
Well there Hell to work with they think everything belongs to them and there just brats.
Explanation:
What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget does not take inflation into account. B. The zero based budget requires managers to re-justify every planned expenditure every year. C. A zero based budget rolls historical data forward. D. A zero based budget uses a fixed volume growth rate.
Answers
Answer:
B. The zero based budget requires managers to re-justify every planned expenditure every year.
Explanation:
A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.
However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.
So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.
Roman is the chief executive officer of Salty Snax Corporation. Roman’s responsibilities include decisions on product development, marketing, and other significant business directions. Roman is subject to the approval and oversight of Salty Snax’s board of directors. Teri is a Salty Snax manager whose duties include the firm’s day-to-day hiring, firing, purchasing, and selling. Umberto is a Salty Snax salesperson, whose daily activities are controlled by Teri. Velma writes sales manuals and promotional materials for Salty Snax’s products according to Roman’s instructions and subject to Salty Snax’s control, but has no dealings with the company’s customers or suppliers. Warren writes copy on a contract-per-project basis and is not otherwise subject to Salty Snax’s control.
Who is a principal? Who is an agent? Who is an employee? Who is an independent contractor?
Answers
Answer:
The correct answers are:
Roman is a principal
Velma is an agent
Umberto is an employee
Warren is an independent contractor
Explanation:
Roman is a principal due to the fact that he is the one who is in the highest position of them all and he has no superior in the company
Velma is an agent because she is under the control of the company.
Teri is an employee because she has to deal with the day-to-day operations and has a superior. And Umberto is an employee because he is in the lowest positions and is controlled by Teri
Warren is an independet contractor because he is not subejct to the company's control
Prepare the journal entry to record Regis’s employer payroll taxes resulting from the January 8 payroll. Regis’s state unemployment tax rate is 5.4% of the first $7,000 paid to each employee. The federal unemployment tax rate is 0.6%.
Answers
Answer:
1a.
FICA-Social Security 5,369.20
FICA-Medicare 1,255.70
FUTA 519.60
SUTA 4,676.40
1B.
Dr Office salaries expense 25,760.00
Dr Sales salaries expense 60,840.00
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr Employee fed. inc. taxes payable 12,760.00
Cr Employee medical insurance payable 1,440.00
Cr Employee union dues payable 780.00
Cr Salaries payable 64,995.10
2.
Dr Payroll taxes expense 11,820.90
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr State unemployment taxes payable 4,676.40
Cr Federal unemployment taxes payable 519.60
Explanation:
1a. Calculation for the amounts for each of these four taxes of Regis Company.
REGIS Company’s:
Tax January 8 earnings
Subject to tax ×Tax Rate= Tax Amount
FICA-Social Security
86,600× 6.20%= 5,369.20
FICA-Medicare 86,600×1.45%= 1,255.70
FUTA 86,600×0.60%=519.60
SUTA 86,600× 5.40% =4,676.40
1B. Preparation of the journal entry to record Regis Company's January 8 employee payroll expenses and liabilities
Jan 8
Dr Office salaries expense 25,760.00
Dr Sales salaries expense 60,840.00
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr Employee fed. inc. taxes payable 12,760.00
Cr Employee medical insurance payable 1,440.00
Cr Employee union dues payable 780.00
Cr Salaries payable 64,995.10
2. Preparation of the journal entry to record Regis's employer payroll taxes resulting from the January 8 payroll
Jan 8
Dr Payroll taxes expense 11,820.90
(5,369.20+1,255.70+4,676.40+519.60)
Cr FICA—Social sec. taxes payable 5,369.20
Cr FICA—Medicare taxes payable 1,255.70
Cr State unemployment taxes payable 4,676.40
Cr Federal unemployment taxes payable 519.60
Calculation for the amount Subject to tax
Office salaries $25,760
Sales salaries $60,840
Subject to tax=$86,600
How can there ever exist negative real interest rates in the economy?
Answers
Answer:
Negative real interest rates occur in "high inflation environments".
Explanation:
Rates of interest can sometimes be unfavorable, as can completely accurate rates. Under high-inflation environments, declining real expectations appear especially when inflation continues rising rapidly, that is, quicker than prices.If prices are 5 percent, however, unemployment is 7 percent, so the actual rate becomes 2 percent negative.Extra Credit: The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to:_____.a. extremely strong winds that destroyed homes.b. massive flooding caused by extremely rapid and high storm surges.c. very strong rate of rainfall that triggered massive landslides.d. massive amounts of rainfall that led to dam failures throughout the Philippines.
Answers
Answer:
a. extremely strong winds that destroyed homes
Explanation:
The people of the Philippines are no stranger to typhoons and yet most people were caught off guard when the typhoon Haiyan struck and caused unprecedented number of casualties. The main reason for this was due to extremely strong winds that destroyed homes.
The typhoon Haiyan was unlike any other typhoon the people of Philippines were accustomed to, or even Asia as a continent. It came with extremely strong winds that completely leveled everything in its path, leaving in its wake a mass of casualties and both human and infrastructure.
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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A company’s product is the combination of all product it offers
Answers
The statement "A company’s product is the combination of all product it offers" is incorrect, product mix is the combination of all product it offers.
The product mix consists of several product lines that a company offers for sale to buyers.
That is, it is the combination of products used as a marketing strategy in which a company offers a variety of products or services to its target audience.
Sometimes referred to as a product assortment, it has to do with the number of products and the type of products offered in each line, and the relevance of those products to consumers.
Therefore, we can conclude that the product mix is the combination of all product a company offers.
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Who was the first missionary to arrive in Africa?
Answers
Answer:
David Livingstone in 1840.
Hope this helps ; ) Enjoy your day!
All of the groups that have an interest in an organization's success and outcomes are known as the organization's
A) Investors
B) Agencies
C) Shareholders
D) Stakeholders
Answers
Answer:
D) Stakeholders
Explanation:
A stakeholder is any person, firm, or group that has an interest in the performance of a project, event, or institution. Stakeholders are affected in one way or another by the outcome of an event or process. For a business organization, stakeholders are the people likely to incur losses or benefits depending on its financial performance. They include employees, investors, suppliers, shareholders, the government, and management.
The Consumer Product Safety Commission (CPSC) does not
O have seven commissioners
O appoint its commissioners for seven-year terms
O ensure that products have adequate warnings and instructions
O represent an independent regulatory commission
Answers
No independent regulatory body is represented by the Consumer Product Safety Commission (CPSC).
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that can be charged.
A safe product is one that, while taking into account the regular or reasonably anticipated usage of the product and the requirement to maintain a high degree of protection for consumers, offers either no risk or a minimum tolerable level of risk.
The Consumer Product Safety Commission (CPSC) protects the public from unreasonable risks of serious injury or death from thousands of types of consumer products under its jurisdiction, including products that pose a fire, electrical, chemical, or mechanical hazard or can injure .
Therefore, Thus option (D) is correct.
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is a full-time collage student unemployed?
Answers
if they don't have a job then yes they are unemployed
Explanation:for them to be employed they world have to work somewhere not be a collage student
A Student Aid Report (SAR)What is Anna’s DRN? What is the purpose of this number?
Answers
Your individual 4-digit code on the FAFSA confirmation page and your Student Aid Report are referred to as your "DRN" or "Data Release Number" (SAR). Your identification is ensured by the 4-digit code.
What does the DRN number serve?Your application will be granted a four-digit Data Release Number (DRN) by Federal Student Aid. If you want to make adjustments to your FAFSA information, you can do so by giving your DRN to a customer service representative.
My FAFSA data Release number is where can I find it?Federal Student Aid issues applications with a four-digit identifier called a Data Release Number (DRN). Only the student can see the DRN, which is printed on the student's confirmation page and the top right corner of the Student Aid Report (SAR).
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differences between home trade and international trade
Answers
how will a new front desk manager address a problem of lateness in a hotel.
Answers
Answer:
They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving
Hope this helps :)
Explanation:
Qtr5g66677
Math problem
Answers
Answer:
The dot over a number signifies that it is a repeater which would go on for ever, as when we endeavor to describe 1/3 decimally as 0.33333 . . . . (etc)
With a series of numbers we place the dot over the first and last, as with 0.97979797979 . . . (etc)
The remarkable feature being that a proper fraction divided by 9s e.g. 46/99 is exactly equal to the numerator with the repeater sign followed by the decimal.
HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet
2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.
3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.
4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.
Please provide citation and reference to sources. Quoted language must be put inside quotation marks
Answers
The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.
The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.
Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.
However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.
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The study of economics is nothing but the study of a tree and a forest. Discourse with respect to branches of economics
Answers
The study of economics involves the examination of individual components represented by branches and the analysis of the broader system represented by the forest.
How does the study of economics relate to a tree and a forest?Just as a tree consists of various branches that connect and support each other, the study of economics comprises different branches that explore specific aspects of the economy. These branches including microeconomics, macroeconomics and international economics focus on understanding and analyzing elements of economic behavior and systems.
The interplay between the various branches of economics contributes to comprehensive understanding of how individual economic decisions and activities collectively shape the broader economic system. By studying both the branches and the forest, economists can gain insights into the intricate relationships.
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A person who sells goods and/or services to a customer is called:
Answers
Merchant, retailer, vendor, salesperson.
How much cash does the firm actually have? You are the CFO of ABC Corp. You are looking to hire a financial analyst, and you've given an assignment to two short-listed candidates. You've given the following information to the job applicants: The company reported net sales of $5, 625 million. Assume that there were no noncash sales. Operating costs (excluding depreciation and amortization) were 65% of the company's total revenues. Depreciation and amortization charges were 5% of total sales. Interest charges were 15% of earnings before interest and taxes (EBIT) with a tax rate of 40%. You've asked the candidates to give you a number that best represents the cash flow situation of the company. Jake submits a report stating that the firm has $861 million in cash. Kurt submits a report stating that the firm has $1, 142 million in cash available Based on the information given to them, which applicant has provided a better estimate of the company's current cash flows? Kurt Jake
Answers
Answer:
Kurt
Explanation:
The computation of the cash available is shown below;
But before that first we have to determine the net income which is shown below:
Net sale $5,625
Less:
Operating cost -$3,656.25 ($5,625 × 65%)
Depreciation -$281.25 ($5,625 × 5%)
EBIT $1,687.5
Less
interest -$253.125 ($1,687.50 × 15%)
Profit before tax $1434.375
Less:
Tax -$573.75 ($1,434.375 × 40%)
Net income $860.625
Add: depreciation $281.25
Cash $1,141.875
Hence, the Kurt provide a better estimation for the current cash flows