If a company gets a lower bulk rate on materials to make each product, what part of the break even formula will be affected
Answers
A lower bulk rate on materials can positively impact a company's break even point by reducing the variable cost per unit and allowing the company to reach its break even point sooner, ultimately leading to higher profits.
If a company gets a lower bulk rate on materials to make each product, it will affect the variable cost per unit in the break even formula. Variable costs are the expenses that vary with the level of production, such as the cost of materials, labor, and packaging. When the cost of materials decreases, the variable cost per unit also decreases. This means that the break even point will be reached sooner as the company will need to sell fewer units to cover its fixed costs and start making a profit. For example, if a company previously had a variable cost of $5 per unit for a product and the bulk rate reduction lowers it to $4 per unit, the company's break even point will be lowered as well. If the fixed costs for producing the product are $10,000, then the company needs to sell 2,000 units to break even ($10,000 ÷ $5 per unit). With the reduced variable cost of $4 per unit, the company only needs to sell 2,500 units to break even ($10,000 ÷ $4 per unit).
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Related Questions
bellinger industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. both projects' after-tax cash flows are shown on the time line below. depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. bellinger's wacc is 10%. 0 1 2 3 4 project a -950 700 445 230 280 project b -950 300 380 380 730 what is project a's payback? round your answer to four decimal places. do not round intermediate calculations. years what is project a's discounted payback? round your answer to four decimal places. do not round intermediate calculations. years what is project b's payback? round your answer to four decimal places. do not round intermediate calculations. years what is project b's discounted payback? round your answer to four decimal places. do not round intermediate calculations. years
Answers
To calculate the discounted payback period for project B, we need to discount each cash flow to its present value and then repeat the calculation above. Using a discount rate of 10%, we can calculate the discounted cash flows for project B as follows:
Year 0: -950
Year 1: 300/(1.1)^1 = 272.73
Year 2: 380/(1.1)^2
To calculate the payback period, we need to find the number of years required for the cumulative cash inflows to equal the initial investment. For project A:
Year 0: -950
Year 1: 700
Year 2: 445
Year 3: 230
Year 4: 280
Cumulative cash flows at the end of year 1 = -250
Cumulative cash flows at the end of year 2 = 195
Cumulative cash flows at the end of year 3 = 425
Cumulative cash flows at the end of year 4 = 705
Therefore, the payback period for Project A is between year 3 and year 4, with some cash inflows remaining in year 4. We can calculate the exact payback period by finding the fraction of the cash inflow that is needed to reach the initial investment:
Payback period = 3 + (230/280) = 3.8214 years (rounded to four decimal places).
To calculate the discounted payback period, we need to discount each cash flow to its present value and then repeat the calculation above. Using a discount rate of 10%, we can calculate the discounted cash flows for project A as follows:
Year 0: -950
Year 1: 700/(1.1)^1 = 636.36
Year 2: 445/(1.1)^2 = 340.91
Year 3: 230/(1.1)^3 = 172.98
Year 4: 280/(1.1)^4 = 184.13
Cumulative discounted cash flows at the end of year 1 = -313.64
Cumulative discounted cash flows at the end of year 2 = 27.27
Cumulative discounted cash flows at the end of year 3 = 200.24
Cumulative discounted cash flows at the end of year 4 = 384.37
Therefore, the discounted payback period for Project A is between year 3 and year 4, with some discounted cash inflows remaining in year 4. We can calculate the exact discounted payback period by finding the fraction of the discounted cash inflow that is needed to reach the initial investment:
Discounted payback period = 3 + (172.98/184.13) = 3.9398 years (rounded to four decimal places).
For project B:
Year 0: -950
Year 1: 300
Year 2: 380
Year 3: 380
Year 4: 730
Cumulative cash flows at the end of year 1 = -650
Cumulative cash flows at the end of year 2 = -270
Cumulative cash flows at the end of year 3 = 110
Cumulative cash flows at the end of year 4 = 840
Therefore, the payback period for Project B is between year 3 and year 4, with some cash inflows remaining in year 4. We can calculate the exact payback period by finding the fraction of the cash inflow that is needed to reach the initial investment:
Payback period = 3 + (380/730) = 3.5205 years (rounded to four decimal places).
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What country borders the caspian sea, the persian gulf, and the gulf of oman?.
Answers
Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.
Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.
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Which stakeholder groups does ceo mark tercek identify as potential partners in advancing environmental causes?.
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Businesses, governments, and environmental groups are CEO Mark Tercek identified as potential partners in advancing environmental causes.
MARK TERCEK ENVIRONMENTAL OPINIONMark Tercek is a former CEO of The Nature Conservancy, a senior investment banker at Goldman Sachs, and a current member of RFF's President's Council. Tercek describes how major corporations, such as Micr0soft and Stripe, have recently announced extensive environmental plans and committed to new levels of transparency, in part because corporate leaders are becoming more aware of the economic implications of climate change and want to demonstrate to the public that they are making the necessary changes.
While concerns about greenwashing have long made environmentalists cautious of corporate climate ambitions, Tercek reflects on his experience leveraging private funds to safeguard environmental health and argues that a consensus between top firms and environmental organizations is achievable.
In his opinion, the commercial sector (companies and governments) and the environmental community should invest more in getting to know one another better and learning how to collaborate more effectively. This makes perfect sense if individuals believe that the private sector may be one of the most significant drivers of environmental development. However, they are the causes of everything that occurred today.
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Our daily personal financial transactions has been made easy with the use of A. B. money. cheque. C. pay slips. D. documents.
Answers
Answer:
Money
Explanation:
Money is used as mode of exchange
Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet and give the final output?
A. processing
B. input
C. output
D. storage
E. data entry
Answers
Answer:
A
Explanation:
if its wrong than forsure d
Answer:
its b
Explanation:
im taking the test on plato
Consider the following income statement for the Heir Jordan Corporation:
Income Statement
Sales $48,800
Costs $34,800
Taxable income $14,00
Taxes (22%) $3,080
Net Income $10,920
Dividends $2,517
Addition to retained earnings $8,403
The balance sheet for the Heir Jordan Corporation follows.
Balance Sheet
Assets Liabilities and Owners' Equity
Current assets Current liabilities
Cash $2,650 Accounts payable $2,400
Accounts receivable $3,600 Notes payble $5,300
Inventory $900 Total $7,700
Total $15,250 Long-term debt $24,000
Owner's equity
Fixed assets Common stock and paid-in surplus $18,00
Net plant and equipment $38,400 Retained earnings $3,950
Total $21,950
Total assets $53,650 Total liabilities and owners' equity $53,650
Prepare a pro forma balance sheet, assuming an increase in sales of 12%, no new external debt or equity financing, and a constant payout ratio.
Answers
Pro forma balance sheet can be defined as the balance sheet prepared after forecasting the future values of certain variables, such as assets, liabilities, and equity, of an organization.
Pro forma financial statements can be used for budgeting and management decision making. The balance sheet for the Heir Jordan Corporation is given as follows:
Balance Sheet
Assets Liabilities and Owners' Equity
Current assets Current liabilities
Cash $2,650 Accounts payable $2,400
Accounts receivable $3,600 Notes payable $5,300
Inventory $900 Total $7,700
Total $15,250 Long-term debt $24,000
Owner's equity
Fixed assets Common stock and paid-in surplus $18,000
Net plant and equipment $38,400 Retained earnings $3,950
Total $21,950
Total assets $53,650 Total liabilities and owners' equity $53,650
The increase in sales of the Heir Jordan Corporation is 12% of $48,800, which is:
Sales = 12% * $48,800
Sales = $5,856
The new sales for the Heir Jordan Corporation are:
Snew = Sales + increase in sales
Snew = $48,800 + $5,856
Snew = $54,656
The payout ratio of the company is constant, and there are no new external debts or equity financing. Therefore, the dividends paid in the current year are:
S1 = Dividends
S1 = $2,517
The additional amount of retained earnings is:
S2 = Addition to retained earnings
S2 = $8,403
The total amount of retained earnings for the company is:
RE = Retained earnings + S2 - S1
RE = $3,950 + $8,403 - $2,517
RE = $9,836
The pro forma balance sheet of the company can be calculated by forecasting the new values of the assets, liabilities, and owners' equity of the company. The calculation of the pro forma balance sheet is:
Pro Forma Balance Sheet
Assets Liabilities and Owners' Equity
Current assets Current liabilities
Cash $2,650 Accounts payable $2,400
Accounts receivable $3,600 Notes payable $5,300
Inventory $900 Total $7,700
Total $15,250 Long-term debt $24,000
Owner's equity
Fixed assets Common stock and paid-in surplus $18,000
Net plant and equipment $38,400 Retained earnings $9,836
Total $47,236
Total assets $58,236 Total liabilities and owners' equity $58,236
Therefore, the pro forma balance sheet for the Heir Jordan Corporation is:
Pro Forma Balance Sheet
Assets Liabilities and Owners' Equity
Current assets Current liabilities
Cash $2,650 Accounts payable $2,400
Accounts receivable $3,600 Notes payable $5,300
Inventory $900 Total $7,700
Total $15,250 Long-term debt $24,000
Owner's equity
Fixed assets Common stock and paid-in surplus $18,000
Net plant and equipment $38,400 Retained earnings $9,836
Total $47,236
Total assets $58,236 Total liabilities and owners' equity $58,236
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The name for the theory illustrated in this diagram is the conservative revolution. supply-side economics. slash-and-burn economics.
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The theory presented by the diagram in the question is known as trickle-down economics theory.
What exactly is trickle-down economics?This is referred to as supply-side economics. It teaches that tax breaks and corporate benefits eventually reach everyone in the economy.
Reaganomics detractors have consistently expressed their dissatisfaction with this type of economics.
Therefore, the above explanation explains the statement
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Answer:
First question: B. supply-side economics
Second question: C. "trickle-down economics"
Explanation:
Explain the stages of conducting population census
Answers
Answer: Hence, the census activities can be divided into three main stages: preliminary, data collection, and publishing results.
true or false: in the second stage of activity based costing, the costs in the activity cost pools are allocated to products using a variety of cost drivers.
Answers
The statement is True. In the second stage of activity-based costing, the costs in the activity cost pools are allocated to products using a variety of cost drivers.
Examples of value drivers are direct labor hours labored, the variety of purchaser contacts made, the range of engineering change orders issued, the number of machine hours used, and the number of product returns from clients.
A cost driver simplifies the allocation of producing overhead. An appropriate allocation of manufacturing overhead is essential to determine the proper cost of a product. Inner control makes use of the price of a product to decide the fees for the goods they produce.
A hobby cost driving force refers to movements that motivate variable prices to boom or decrease for a commercial enterprise. Consequently, figuring out what product/provider is causing unique charges can assist the enterprise to grow to be extra worthwhile by higher expertise in the precise activities that are using the prices.
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The Clorox Company, well known for its diversity among its mid- and senior-level leaders, has 10 employee resource groups (ERGs) for employees with similar dimensions of diversity. The Asian ERG helped develop the idea for the company’s Glad MatchWare brand. ERG groups at Clorox enable the company to __________ .
Answers
Answer:
increase the quality of team problem solving
Explanation:
In simple words, the ERG idea to develop a new dimension for more efficiency in the company is a clear evidence that the company and the team can now solve their problems more effectively.
The given case relates to the benefits of having diversity in the organisation with respect to culture, gender and age etc. It makes a more comfortable safe zone within where new ideas come everyday.
monte has a short-term goal of starting to pay back his student loans this year. the amount he owes is $14,069.80 with an apr of 5.94%. assuming he will take 20 years, how much will his monthly payment be? 77.54 100.31 94.89 155.78
Answers
Among the given options, none of them match the calculated monthly payment of $117.63.
To calculate Monte's monthly payment for his student loans, we can use the formula for calculating the monthly payment on a loan. The formula is:
Monthly Payment = (Principal * Monthly Interest Rate) / (1 - (1 + Monthly Interest Rate) ^ (-Total Number of Payments))
First, let's calculate the monthly interest rate. The Annual Percentage Rate (APR) of 5.94% needs to be converted to a monthly rate. To do this, we divide the APR by 12 (the number of months in a year):
Monthly Interest Rate = 5.94% / 12 = 0.4945%
Next, we need to calculate the total number of payments. Monte plans to pay off the loan over 20 years, which is equivalent to 20 * 12 = 240 monthly payments.
Now, let's substitute the values into the formula:
Monthly Payment = (14,069.80 * 0.4945%) / (1 - (1 + 0.4945%) ^ (-240))
Calculating the values inside the formula:
Monthly Payment = (14,069.80 * 0.004945) / (1 - (1 + 0.004945) ^ (-240))
Monthly Payment = 69.590621 / (1 - (1.004945) ^ (-240))
Next, let's calculate (1.004945) ^ (-240):
(1.004945) ^ (-240) ≈ 0.408678
Now, let's substitute this value back into the formula:
Monthly Payment = 69.590621 / (1 - 0.408678)
Calculating 1 - 0.408678:
1 - 0.408678 ≈ 0.591322
Substituting this value back into the formula:
Monthly Payment = 69.590621 / 0.591322
Monthly Payment ≈ $117.63
Therefore, Monte's monthly payment for his student loans will be approximately $117.63.
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I need someone to help me
Answers
What's the problem? I'd be happy to help you if you would be willing to specify what you need help with.
5 role of development banks in economic development
Answers
The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. ... Thus, the banks play an important role in the creation of new capital (or capital formation) in a country and thus help the growth process.
The theory of ______________ says that nations are likely to export products that are less expensive to produce and import those products that are either expensive or unavailable at home.
Answers
The theory of comparative advantage says that nations are likely to export products that are less expensive to produce and import those products that are either expensive or unavailable at home.
The theory of comparative advantage, first introduced by economist David Ricardo, suggests that countries specialize in producing and exporting goods in which they have a comparative advantage. Comparative advantage refers to the ability to produce a particular good at a lower opportunity cost compared to other countries.
According to this theory, countries will export products that they can produce more efficiently and at a lower cost relative to other countries. This is because they can generate higher profits by selling these goods in the international market. On the other hand, countries will import products that are either expensive to produce domestically or not available in sufficient quantities. By importing such goods, countries can benefit from the availability of a wider variety of products and potentially lower prices.
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How is a person counted as unemployed ?
Answers
What is closed economy in economics?
Answers
A closed economy is an economy that does not engage in international trade. This means that all the goods and services produced within the economy are consumed within the economy, and no foreign goods or services are imported.
What is closed economy ?In a closed economy, the government typically plays a larger role in economic decision-making and the allocation of resources. The opposite of a closed economy is an open economy, which actively engages in international trade and is influenced by global market forces.A closed economy is an economy that does not engage in international trade. This means that all the goods and services produced within the economy are consumed within the economy, and no foreign goods or services are imported. Aside from the potential benefits, maintaining a truly closed economy is difficult in modern society, in part because raw materials are essential in everyday life and the production of finished goods. Many countries that are manufacturing and exporting powerhouses do not have all of the necessary raw materials on hand and must import them.To learn more about closed economy refer :
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lm.04 what has been the biggest enabler of innovation in logistics management during the past three decades?
Answers
Deregulation (C) has been the biggest enabler for innovation in logistics management during the past three decades.
Deregulation is the reduction or elimination of government power in an industry. Deregulation is made by government to increase an industry competitiveness. Deregulation is needed because over-tight regulation might shifted the market condition because of the limitation on investment opportunity.
When government decide to do deregulation policy, this move really help logistics industry to grow. Deregulation allows many investment opportunities, which is actually needed to create new innovation within the industry. Many new competitors may join the industry and offer many new inovations to public. The higher the competition within an industry, the more innovative the companies within.
Through deregulation, government gives opportunity for companies to invest more in their products research and development. This policy allows companies to bring more innovation through their products. Deregulation that leads to industry growth also attracts more labors then help to decrease unemployment rate.
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Complete Question:
What has been the biggest enabler for innovation in logistics management during the past three decades?
a. New modes of transportation
b. FedEx Superbowl ads
c. Deregulation
d. More efficient trucks
I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.
Answers
The Web sites that can help an entrepreneur in writing a good business plan are:
The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.What is a business plan?A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.
Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.
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As an existing retail shareholder in Gold Star Ltd, identify which offer type is most likely to result in an adverse outcome from your perspective:
Select one:
a. Dividend reinvestment plan (at no discount to current share price).
b. Share purchase plan (at no discount to current share price).
c. Renounceable entitlement (rights) issue (at a 10 percent discount to current quoted market price of share).
d. Private placement of shares (at a 5 percent discount to current market price of share) to one institutional investor.
e. Public share offer (at current quoted share price).
Answers
The offer type that is most likely to result in an adverse outcome from the perspective of an existing retail shareholder in Gold Star Ltd would be d. Private placement of shares.
This offer type could be perceived as adverse because it involves issuing shares at a discounted price exclusively to one institutional investor. This means that the institutional investor would be able to acquire shares at a lower price than the current market price, potentially diluting the ownership and voting power of existing retail shareholders.Additionally, the private nature of the placement means that retail shareholder may not have the opportunity to participate in the discounted share issuance, which can be seen as unfavorable to their interests.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
The discount rate is the rate of interest at which Multiple Choice
A. commercial banks lend to large corporations. B. Federal Reserve Banks lend to commercial banks borations.
C. Federal Reserve Banks lend to large D. savings and loan associations lend to some builders
Answers
The discount rate is the rate of interest at which Federal Reserve Banks lend to commercial banks. The correct option is B.
The discount rate is the interest rate that the Federal Reserve Banks charge commercial banks to borrow money. This rate is set by the Federal Reserve Board and is used as a tool to control the money supply and influence economic conditions.
By lowering the discount rate, the Federal Reserve can encourage commercial banks to borrow more money and increase lending to businesses and consumers. Conversely, by raising the discount rate, the Federal Reserve can discourage commercial banks from borrowing money and decrease lending to businesses and consumers.
It is important to note that the discount rate is not the same as the federal funds rate, which is the interest rate that banks charge each other for overnight loans. The discount rate is typically higher than the federal funds rate because it is meant to serve as a backup source of funding for commercial banks.
In summary, the discount rate is the rate of interest at which Federal Reserve Banks lend to commercial banks.
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Question 8
It's is almost impossible to buy a house these days without a sizeable down
payment.
True.
False
Answers
Answer:
True
Explanation: You need to pay at least 20% down.
After asking coworkers to review a project plan, you receive feedback. Your coworker thinks there is a better way to display the data in the business report.You should add a
title
reference
abstract
table
Answers
Answer:
table
Explanation:
The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000 and a coupon rate of 4%. Coupons are paid twice a year. Bond A matures in 1 year, while bond B matures in 30 years. The market interest rate for similar bonds is 11% (quoted as a semi-annual simple interest rate, so 5.5% per 6-month period). Part 1 Attempt 2/2 for 5 pts. What is the price of bond A? 935.428 Correct ✓ Part 2 BAttempt 1/2 for 10 pts. What is the price of bond B? 0+ decimals
Answers
The price of bond A is approximately $1,000.91.
To calculate the prices of bond A and bond B, we can use the present value formula for a bond. The formula is as follows:
Price of Bond = (Coupon Payment / (1 + Market Interest Rate)¹) + (Coupon Payment / (1 + Market Interest Rate)²) + ... + (Coupon Payment + Face Value) / (1 + Market Interest Rate)ⁿ
Where:
Coupon Payment is the periodic interest payment (coupon rate * face value / number of coupon payments per year)
Market Interest Rate is the prevailing interest rate
n is the total number of periods until maturity (number of years * number of coupon payments per year)
Given the following information:
Coupon Rate: 4% (0.04)
Face Value: $1,000
Number of Coupon Payments per Year: 2 (coupons are paid twice a year)
Market Interest Rate: 9% (0.09)
Price of Bond A (maturing in 1 year):
Coupon Payment = 0.04 * $1,000 / 2 = $20
Number of Periods (n) = 1 year * 2 = 2
Price of Bond A = $20 / (1 + 0.09)¹ + ($20 + $1,000) / (1 + 0.09)²
Price of Bond A = ($20 / 1.09) + ($1,020 / 1.09²)
= $18.35 + $982.56
= $1,000.91
Therefore, the price of bond A is approximately $1,000.91.
Price of Bond B (maturing in 30 years):
Coupon Payment = 0.04 * $1,000 / 2 = $20
Number of Periods (n) = 30 years * 2 = 60
Price of Bond B = $20 / (1 + 0.09)¹ + $20 / (1 + 0.09)² + ... + $20 / (1 + 0.09)⁶⁰ + ($20 + $1,000) / (1 + 0.09)⁶⁰
Evaluating this expression will give us the price of Bond B.
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The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is: FCP = (FC / SP) x 100. What is the correct formula for selling price given food cost percentage and food cost?
Answers
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
What is selling price?The selling price is determined using the selling price formula and is used to sell the item for a specific cost. The selling price is the price the customer pays to purchase the good.
The cost a buyer incurs to purchase a good or service is the real selling price. This pricing includes a profit margin and is higher than the cost of the items.
If the buyer does not want to make a profit, the seller may choose to maintain the selling price close to the cost price. The amount a buyer pays for a good or service is known as the selling price.
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The roles of ___, ___, and ___ are critical for managers in nonprofit organizations.
Answers
The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.
What are management's responsibilities in non-profit organizations?The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.
How are non-profit organizations run?The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.
Which managers are critical to advancing innovation?Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.
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suppose the united states had a short-term shortage of farmers. which market mechanisms would adjust to remove the shortage?
Answers
Food costs would change, as will farmer wages. Price must increase in the event of a scarcity in order to draw in more supply and lower demand until the shortage is resolved.
How can a free market resolve a scarcity?Through price increases, the free market reduces shortages. Prices that are going up encourage consumers to spend less or, if they can, switch to a different product, which reduces demand.
How might the market address a shortage?Price reductions should be made until the market finds equilibrium in order to get rid of excess. Price increases for the product are necessary to eliminate shortages until the market reaches equilibrium.
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If a company receives cash from a customer before performing services for the customer, then:.
Answers
Answer:
assets increase and liabilities increase. ... individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items.
departmentalization refers to the degree to which jobs within the organization are standardized. T/F
Answers
The statement departmentalization refers to the degree to which jobs within the organization are standardized is False because departmentalization is not related to the standardization of jobs but rather to how jobs are grouped or categorized within the organization.
What is departmentalization?
Departmentalization is the process of dividing an organization into different departments or units based on various factors such as function, product, geography, customer type, or process. It determines how the organization's activities and tasks are divided and coordinated.
Each department focuses on specific functions or objectives and consists of employees who possess the necessary skills and knowledge related to that department's area of responsibility.
On the other hand, job standardization refers to the level of uniformity and consistency in the tasks, processes, and requirements of a particular job. Standardized jobs have clear and well-defined job descriptions, duties, and responsibilities, as well as established procedures and guidelines to be followed.
While departmentalization can influence job design and the coordination of work, it is not directly related to the standardization of jobs within the organization.
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The management at Kohler Inc., a manufacturer of sinks, tubs, and other plumbing products, thinks that there will soon be a major growth in home remodeling due to rising interest rates. The management decides to use ____ in several key cities to provide support services for its sales force in those areas, carry inventory, and offer credit and other services to its retail plumbing customers.
Answers
Answer:
sales branches.
Explanation:
A sales branch can be defined as a wholesaler owned by a manufacturer and takes product title, assumes the risk associated with the ownership of this product, resells the product, as well as providing services to the end users or consumers. Thus, it's a form of business management set up by manufacturers in order to improve on their inventory control, sales, as well as the promotion of goods and services.
In this scenario, the management at Kohler Inc. is using sales branches in several key cities because it provide support services for its sales force in those geographical areas, carry inventory, as well as offering credit and other services to its retail plumbing customers.