Operations management is the set of activities that creates value in the form of?
Answers
The operations management is the set of activities that creates value in the form of goods and services. Operations management (OM) is the administration of business practices in order to achieve the best level of efficiency within an organization.
It is concerned with transforming materials and labor into the goods and services as efficiently as possible in order to maximize an organization's profit. Operations management teams strive to produce the best potential net operational profit by balancing costs and income. Operations management is the administration of business practices in order to achieve the best level of efficiency within an organization.
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Related Questions
information regarding the four components of the framework for competitor analysis can not be
Answers
The four components of the framework for competitor analysis are market segmentation, competitor analysis, competitor positioning, and competitor strategy. Market segmentation involves breaking down a market into smaller groups based on shared characteristics.
Competitor analysis focuses on researching a company's competitors, such as their strategies, products, and pricing. Competitor positioning compares a company's product and services to that of its competitors. Finally, competitor strategy involves determining how the company can best compete against its competitors.
Objectives refer to the goals that a competitor has for their business, such as increasing market share or maximizing profits. Assumptions are the beliefs that a competitor has about their business and the market, such as the level of demand for their product or the strength of their competitors.
Strategy refers to the plans that a competitor has for achieving their objectives, such as developing new products or entering new markets. Capabilities are the resources that a competitor has at their disposal, such as financial resources or a skilled workforce.
By analyzing these four components, a company can gain valuable information about their competitors and use that information to develop a competitive strategy.
For example, if a competitor has a strong focus on innovation and is investing heavily in research and development, a company may need to consider developing new products or technologies in order to remain competitive.
Alternatively, if a competitor is struggling with financial resources, a company may be able to take advantage of this weakness by increasing their marketing efforts or offering lower prices.
In conclusion, the four components of the framework for competitor analysis provide important information about a competitor and can help a company develop a competitive strategy.
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what are the advantages and disadvantages of common stocks
Answers
Advantages:
You can invest in companies with limited liability. Common stocks offer a higher earning potential. You can easily purchase common stock on virtually any trading platform. Common stocks can provide dividends. You’ll get to take advantage of a growing economy.Disadvantages:
You are the last person to get paid during a company liquidation. You don’t have much control over your investment. Companies are not required to pay dividends on common stocks. It can take time to generate significant gains. You will face high levels of professional competition when investing in common stocks.Hopes this helps :)
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Answers
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Answers
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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how are host cities specifically impacted economically super bowl
Answers
Host cities of Super Bowl can experience significant economic impacts from the event.
What are economic impacts?Economic impacts refer to the effects that an event or policy has on the economy. These impacts can be positive or negative, and can occur at the local, national, or global level. Positive economic impacts can include increased employment opportunities, growth in industries, increased tax revenue for governments, and improvements in infrastructure. Negative economic impacts can include job loss, decreased economic activity, increased costs for consumers, and reduced government revenue. Economic impacts can be caused by a variety of factors, including natural disasters, changes in government policies, technological advances, and shifts in consumer behavior. Understanding economic impacts is important for policymakers, businesses, and individuals in order to make informed decisions that can help mitigate negative impacts and maximize positive impacts on the economy.
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Complete Question:
how are host cities specifically impacted economically super bowl?
A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answers
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answers
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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An example of an asset is:
Answers
Answer:here
Explanation: A company lists its assets with a dollar amount on balance sheets. Assets are made up of liabilities and equity on the balance sheet.
a useful or valuable thing, person, or quality.
"quick reflexes were his chief asset"property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.
define business systems
Answers
Answer:
In business terminology, a business system refers to the value-added chain, which describes the value-added process, meaning the supply of goods and services. A business can span one or several business systems. Each business system, in itself, generates economic benefit.hope it helps.stay safe healthy and happy...What consumer protection agency is known by the acronym SEC?.
Answers
Answer:
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
Securities and Exchange Commission (SEC) is the protection agency known by the acronym SEC.
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.
To encourage ethical business practices, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers especially dealers, and investment advisors, including mutual funds.
The truth is that the agency has all the authority necessary to act as a regulator at its disposal – authority that is much greater than that of the SEC, which must gather convincing evidence and persuade a judge of its version of events before acting, not after.
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Harper has shown promise, and her manager has suggested that she be paired up with another experienced professional for faster skill development.
What coaching method does the manager use in Harper’s case?
is the training technique that Harper’s manager is using. In this technique, Harper will work with an experienced and already trained employee to develop her skills faster.
Answers
Answer:
i’m pretty sure it’s mentoring
Explanation:
plato
Answer:
Shadowing answer on plato
Explanation:
Today, more than ____________ student members are engaged in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry 20 points 100 50 500,000 1.5 Million
Answers
Answer:
Today, more than 500,000 student members are engaged in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry.
Explanation:
This question is related to the work of the FFA, which is an institution that promotes education based on agriculture, training students across the country to receive agricultural education and later take up positions in this area.
As we know, agricultural production is very important for the growth and development of the country, for this reason, it is necessary to educate young people in a way that they realize the importance of this sector, promoting its continuity. This is a responsibility that is being taken on by the FFA, which already has over 500,000 student members who are involved in a wide range of agricultural education activities, leading to more than 300 career opportunities in the agricultural science, food, fiber and natural resources industry. .
What is business overview
Answers
Answer:
A company overview (also known as company information or a company summary) is an essential part of a business plan. It's an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.
Explanation:
Answer:
It is an essential part of a business plan. It's an overview of the most important points about your company.
Explanation:
Hope this helps!
Vanessa bought a cell phone eighteen months ago and now it is not working. Under the following warranty, will the phone be repaired? UltraStar Limited WarrantyUltraStar warrants to the original retail purchaser that this UltraStar product will be free from defects in materials and workmanship under normal use for one year from the date of original purchase. Your dated sales receipt showing the date of purchase is your proof of the purchase date.The limited warranty does not apply to physical damage to the surface of the product, including breakage, cracks, or scratches on the LCD or outside casing. This limited warranty also does not extend to any product from which the serial number has been removed, or to any product that has been rendered defective by misuse. Accessory products, including those listed in the UltraStar catalog are not covered under this limited warranty
Answers
Answer:
No, the phone will not be repaired.
Explanation:
The warranty states that if your phone stops working within a year of the original purchase, it will be repaired, but Vanessa bought the phone 18 months ago, which is a year and a half.
So no, the phone will not be repaired under warranty.
Answer:
No
Explanation:
The warranty is for one year only from the date of purchase.
You have just been hired by Internal Business Machines Corporation (IBM) in their capital budgeting division. Your first assignment is to determine the free cash flows and NPV of a proposed new type of tablet computer similar in size to an iPad but with the operating power of a high-end desktop system.
Point 1: Development of the new system will initially require an initial capital expenditure equal to 10% of IBM’s Net Property, Plant, and Equipment (PPE) in 2019 or data from 12/31/2019.
Point 2: The product is expected to have a life of five years.
Point 3: First-year revenues for the new product are expected to be 3% of IBM’s total revenue for the using fiscal year 2019 or data from 12/31/2019.
Point 4: The new product’s revenues are expected to grow at 15% for the second year then 10% for the third and 5% annually for the final two years of the expected life of the project.
Your job is to determine the rest of the cash flows associated with this project. Your boss has indicated that the operating costs and net working capital requirements are similar to the rest of the company (implying the project will have the same ratio of EBITDA to sales and working capital to sales) and that depreciation is straight-line (over 5 years) for capital budgeting purposes. Since your boss hasn’t been much help (welcome to the "real world"!), here are some tips to guide your analysis:
Point 5: Use the data from the spreadsheet that I have provided.
Point 6: Determine the annual depreciation by assuming IBM depreciates these assets by the straight-line method over a five-year life (i.e., depreciate the ‘cost of the new system’ in Point 1).
Point 7: Determine IBM’s tax rate by using the current U.S. federal corporate income tax rate (Use an estimated 21% for the corporate tax rate).
Point 8: In year 1, you are going to increase NWC using the NWC / Sales ratio for IBM in 12/31/2019 using only A/R, A/P, and inventory to measure NWC (use Table 8.3 and 8.4 as a guide for how to bring the increase in NWC into your FCF estimate in year one and take it back out in year 5—for simplicity purposes we are going to assume that NWC remains fixed in years 2 through 4 and then it is recaptured in year 5).
Point 9: To determine the free cash flow, deduct the additional capital investment and the change in net working capital each year (note: using information from Point 8, the NWC will only change in years 1 and 5—see Table 8.3 line item 12 and Table 8.4 as an example).
Point 10: Use Excel to determine the NPV of the project with a 12% cost of capital. Also calculate the IRR of the project using Excel’s IRR function.
Point 11: Perform a sensitivity analysis by varying the project forecasts as follows:
a. Suppose first year sales will equal 2%–4% of IBM’s revenues.
b. Suppose the cost of capital is 10%–15%.
c. Suppose revenue growth is constant after the first year at a rate of 0%–10%.
Answers
To determine the free cash flows and NPV of the proposed tablet computer project for IBM:
1. Calculate the initial capital expenditure as 10% of IBM's Net Property, Plant, and Equipment (PPE) from December 31, 2019.
2. Estimate annual revenues for the new product based on the given information.
3. Calculate operating costs using the ratio of EBITDA to sales.
4. Determine annual depreciation using the straight-line method over a five-year life.
5. Calculate taxes using the current U.S. federal corporate income tax rate (estimated at 21%).
6. Determine the change in net working capital (NWC) in year 1 and assume it remains fixed in years 2 to 4, recaptured in year 5.
7. Calculate the free cash flows (FCF) by deducting additional capital investment and the change in NWC from the operating cash flows.
8. Use Excel to calculate the NPV of the project with a 12% cost of capital and determine the IRR using Excel's IRR function.
9. Perform sensitivity analysis by varying the project forecasts as instructed.
In this project analysis, you are tasked with determining the free cash flows and NPV for IBM's proposed tablet computer project. The process involves several steps:
1. The initial capital expenditure is calculated as 10% of IBM's Net Property, Plant, and Equipment (PPE) from December 31, 2019. This represents the initial investment required for the new system.
2. Annual revenues for the new product are estimated based on the given information. The revenues are expected to grow at specified rates for each year of the project's five-year life.
3. Operating costs are calculated using the ratio of EBITDA to sales. The assumption is that the project's operating costs and net working capital requirements will be similar to the rest of the company.
4. Annual depreciation is determined using the straight-line method over a five-year life. The initial capital expenditure is divided by five to find the annual depreciation expense.
5. Taxes are calculated using the current U.S. federal corporate income tax rate, which is estimated at 21%. The tax liability is based on the taxable income generated by the project.
6. The change in net working capital (NWC) is determined in year 1 using the NWC/Sales ratio from December 31, 2019. It is assumed that NWC remains fixed in years 2 to 4 and is recaptured in year 5.
7. Free cash flows (FCF) are calculated by deducting the additional capital investment and the change in NWC from the operating cash flows. FCF represents the cash available for distribution to investors or for reinvestment.
8. Using Excel or similar software, the NPV of the project is calculated at a 12% cost of capital. NPV helps determine the profitability of the project by considering the time value of money. The IRR is also calculated using Excel's IRR function, which represents the project's internal rate of return.
9. A sensitivity analysis is performed by varying the project forecasts. This includes different sales percentages, cost of capital, and constant revenue growth rates. It allows for an assessment of the project's sensitivity to changes in these variables and helps in making informed decisions.
By following these steps and analyzing the project's financial parameters, you can determine the free cash flows and NPV to evaluate the viability and profitability of IBM's proposed tablet computer project.
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when creditors analyze an organization's days' cash on hand, they prefer to see a a.higher number of days that indicates a lower liquidity. b.lower number of days that indicates a lower liquidity. c.higher number of days that indicates a higher liquidity. d.lower number of days that indicates a higher liquidity.
Answers
The statement makes it clear that when creditors look at an organization's days of cash on hand, they would prefer to see a bigger number of days since it denotes greater liquidity.
What is the accounting definition of cash?Cash is a term used in accounting and finance to describe immediately usable money (currency). It might be stored physically, retained digitally, or put into a quick money-market instrument. Cash only refers to currency that is physically present while discussing economics.
What is money?Money that is in the type of currency, such as coins, banknotes, and currency notes, is referred to as cash. An account type known as a demand deposit allows money to be retrieved at any period with informing the institution.
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The U.S. Armed Forces will provide financial aid if you haven't served in exchange for
Answers
The U.S. Armed Forces will provide financial aid if someone hasn't served, in exchange for a grant after their enlistment.
What is a financial aid?A help or support granted to people or groups of people for a predefined purpose without any intention of gaining any monetary returns over such grants is known as a financial aid.
In case of the U.S. Armed Forces, a person is entitled to receive such financial aid in case they have not served in exchange for their enlistment in the records.
Hence, option C holds true regarding financial aid.
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Choose one career position that is available in most hotels. What challenges would someone face while working in this position? What advantages or benefits might the position have for employees?
Answers
Colin listed his assets and liabilities on a personal balance sheet.
Colin’s Balance Sheet (August 2013)
Assets
Liabilities
cash
$1,500
credit card
$500
stocks
$800
rent
$800
car
$5,000
car loan
$1,200
coin collection
$1,200
student loan
$5,000
Total
Total
Which statement is true about the total assets and the total liabilities?
The total of the assets and the liabilities are the same.
The total of the assets is greater than the total of the liabilities.
The total of the assets is less than the total of the liabilities.
The total of the assets cannot be compared to the total of the liabilities.
Answers
Answer:
B
Explanation:
"COMPUTER SHOP"
Management Theory
Management Plan/Sustainability Plan
Answers
The computer store may embrace TQM as its management philosophy (TQM). TQM is a management strategy that places an emphasis on enhancing the quality of products and services continuously.
Does TQM involve ongoing improvement? Why?TQM is centred on enhancing organisational processes continuously to produce high-quality goods and services. Doing things correctly the first time and every time is TQM's ideal objective. The final arbiter of quality is the consumer. Quality cannot be raised without suffering considerable production losses.
Whole quality management definition TQM as a method of management?Total Quality Management (TQM) is a management paradigm based on the idea that by having all of an organization's members, from entry-level employees to its highest ranking executives
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THIS IS THE SECOND PART
SPICEGIRL AND OTHER PERSON!!
Answers
Answer:
When the firm produces 1 unit, its cost per unit is 33.33. There would be about 8.33 decrease in the cost.
Explanation:
Now lets take this apart. The y value is exclaimed as the price per unit, which is not listed. The A value given in the graph is (50, 1.5), which the y and x axis do not have names to what they represent. However, from the information provided we can say that y = the price per units (50 for 1.5).
Going from that, what would 1 be? Well, if it costs 50 per 1.5 units then it would cost 33.33 per unit.
Now if they increased their product production and (50 ,1.5) was replaced by (50, 2), then the cost per unit would be 25 per unit. There would be about 8.33 decrease in the cost.
It's been a bit since i've done slopes and price per unit stuff, sorry if its a bit rusty. Good luck on your test xx
Ray buys a new tractor for $118,000. He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay is a. $118,000. b. $13,000. c. $131,000. d. $105,000.
Answers
WTP-price paid
I hope this helps you
:)
According to the given data, Ray's willingness to pay is $131,000. The correct option is (C). Willingness to pay also abbreviated as WTP.
What do you mean by the willingness to pay?The highest amount a consumer is willing to pay for a good or service is known as willingness to pay, or WTP. Usually, it's expressed as a monetary amount or, occasionally, a price range.
After outlining your proposed product or service, ask respondents how much they would be willing to pay for it. Leave the question open-ended so they can enter in any response they like.
Here,
Purchase price of tractor = $118,000
Consumer surplus = $13,000
Calculate the willingness to pay -
Willingness to pay = Purchase price of tractor + Consumer surplus
Willingness to pay = $118,000 + $13,000 = $131,000
Therefore, according to the given data, Ray's willingness to pay is $131,000.
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Fabio, a user of GameCenter.com's Web site, can download gaming software for free if he first clicks on "I accept" after viewing certain terms. This is
Answers
Fabio, a user of GameCenter.com's Web site, A browse-wrap contract is one in which the consumer is not needed to review the agreement's essential elements.
The website offers the agreement by browsing.It is an enforceable contract that calls for the terms and concept to really appear on the website and calls for the user's approval after reading that contract.
Online contracts typically fall into one of two categories: browse-wrap agreements or click-wrap agreements. Generally speaking, browse-wrap agreements are terms of service or terms and conditions that are accessible by a link on a website.Buyers are not obliged to actively accept the terms of the contract before using the good or service in browse-wrap agreements. Contrarily, "I agree" or "I accept" buttons must be actively clicked before using a product or service under a "click-wrap" agreement.
Complete question:
Fabio, a user of GameCenter.com's Web site, can download gaming software for free if he first clicks on "I accept" after viewing certain terms. This is browse wrap contract.
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Does decreasing the value of the local currency contributes in the increase of the economic growth rate
Answers
Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
When Cisco Systems told executives they would gain or lose 30 percent of their bonuses based on how well they worked with peers, and in three years had record profits, the company
A. increased productivity.
B. reduced costs.
C. improved workplace cohesiveness. Correct
D. reduced destructive internal competition.
increased speed.
Answers
Answer: C. improved workplace cohesiveness
Explanation:
This action by Cisco improved workplace cohesiveness as it made workplace cohesiveness the basis for financial rewards.
A financial incentive was given that should Cisco Systems Executives work well together they could gain 30% of their benefits or lose 30% if they don't. This meant that even those who do not care much for a higher salary still had to work hard at cohesion or they might lose a portion of their bonuses.
Financial incentives are known to be very effective and they worked here as well.
58:50
Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for
$46 and is offering a $10 off coupon. The sales tax is 6% on either purchase. If Shona only has $40 to spend, which
store will she purchase the rug from, and how much will she have left over?
Answers
Answer:
Shona can afford the rug in store B. She will have $1.84 left over.
company A had an engineering job to be given to a subcontracting company. The subcontracting took the iob and a formal contract was signed between the two parties. While the project was ongoing. some technical diticulties faced by the subcontracting company forced the project to be stopped for a period of 1 month. Since the project was stalled for 1 month the company A couldn't complete the project, and couldn't deliver the project to the client. The client levied a fine on the contracting company. Company A asked for compensation for the delay of work by the subcontracting company wherein in the formal contract there is no mention that the fine can be levied on any delay of work. The two companies had a dispute and company A had refused to conclude the contract. Apply applicable two Bahrain contract laws in this scenario to have a dispute resolution and come up with an appropriate conclusion to the case
Answers
In Bahrain, the applicable laws for resolving contract disputes can include: Bahrain Commercial Companies Law: This law governs the formation and operation of commercial companies, including subcontracting companies.
Bahrain Civil Code: The Civil Code contains provisions related to contracts, obligations, and liabilities. It may cover aspects such as breach of contract, compensation for damages, and principles of contractual interpretation. In order to resolve the dispute and come to an appropriate conclusion, the parties involved can consider the following steps: Contractual Interpretation: Review the terms and conditions of the formal contract signed between the two parties to determine if there are any clauses or provisions that address the issue of compensation for delays or unforeseen circumstances. It is important to carefully examine the contract language to understand the rights and obligations of each party.
Negotiation and Mediation: The parties can attempt to negotiate a mutually acceptable resolution through direct discussions or mediation. Mediation involves the intervention of a neutral third party who facilitates communication and assists the parties in reaching a settlement.
Arbitration: If negotiation or mediation fails to resolve the dispute, the parties can consider arbitration. Bahrain has established the Bahrain Chamber for Dispute Resolution (BCDR-AAA) to handle commercial disputes through arbitration and other alternative dispute resolution mechanisms. Legal Action: If all other avenues fail, the parties can resort to legal action by filing a lawsuit in the appropriate Bahraini court. The court will consider the relevant contract laws and evidence presented by both parties to determine the outcome of the case. It is important to consult with a legal professional to understand the specific details of the case, review the contract terms, and receive advice tailored to the Bahraini legal system and circumstances involved.
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explain how businesses can be impacted by social cultural and demographic factors
Answers
The societal and cultural changes can have an impact on a business based on how the target audience's attitudes and moods shift over time. Socio-cultural factors can involve social attitudes, beliefs, education, legal structure and political ideology.
How can businesses be impacted by social cultural and demographic factors?All businesses can be significantly impacted by social, cultural, and demographic factors. Social factors include changes in societal values, attitudes, and beliefs that may influence consumer behavior and purchasing decisions. For example, businesses may need to adapt their marketing strategies to appeal to younger or more diverse consumer groups with different values and preferences.
Cultural factors such as language, customs, and traditions can also affect business operations, especially when expanding into new markets or dealing with international customers. Additionally, demographic factors such as population growth, aging, and migration patterns can have a profound impact on businesses, including changes in workforce demographics and shifting demands for products and services.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answers
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.
A) poor management
B) competition
C) bad location
D) finances
Answers
Answer:
C, bad location
Explanation:
Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.
Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.
Why is the location of a store important?It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.
Thus, the ideal option is C.
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