(1) The strategy process model for digital business must prioritize adapting to new technologies, business models, and communication approaches to remain competitive in the market.
In today's fast-paced digital world, businesses must stay ahead of the curve by constantly innovating and adopting new technologies, business models, and communication approaches.
A successful strategy process model for digital business must prioritize these elements to ensure the organization remains competitive and meets the evolving needs of customers.
This model should include ongoing research and development, agile decision-making processes, and a commitment to continuous improvement. By embracing change and adapting to new trends, businesses can position themselves for long-term success in the digital marketplace.
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what are the eight stages of the organizational buying process? explain them and what it means to a hospitality sales person?
The 8 stages of the organizational buying process are as follows: Need Recognition, Information Search, Evaluation of Alternatives, Supplier Selection, Negotiations, Purchase Decision, Order Specification.
1. Need Recognition: The first stage of the organizational buying process occurs when the company identifies a need for a specific product or service.
2. Information Search: Once the need is recognized, the company will begin to search for information about potential solutions.
3. Evaluation of Alternatives: At this stage, the company evaluates the various options available to them and weighs the pros and cons.
4. Supplier Selection: At this point, the company narrows down their list of potential suppliers to a few candidates.
5. Negotiations: This stage involves negotiating prices, terms, and other details with the chosen supplier.
6. Purchase Decision: The company makes its final decision on which supplier to go with.
7. Order Specification: The company will provide detailed information on the product or service being purchased.
8. Order Routine Specification: The company sets up a process to manage the order.
For a hospitality sales person, understanding the 8 stages of the organizational buying process can be helpful in planning sales strategies and effectively engaging with customers. Being aware of the different stages and how customers think through the process can help a sales person identify potential needs and anticipate questions and objections.
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Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
What is your opinion on traditional directed government benefits versus
universal income?
Answer:
I believe that a form of universal income would be a better policy than the traditional directed government benefits or welfare.
Explanation:
This is because the idea of the universal income would be to replace the welfare programs, by giving people a reasonable amount of money so that they can decide by themselves in what utilities or amenities to spend that money.
Programs with poor incentives like food stamps, or inefficiently run public-programs, could be replaced by universal income without causing harm to ther beneficiaries, and possibly even generating more benefit.
in fiedler's approach, if a respondent uses unfavorable terms to describe the coworker in question, the respondent can be said to be primarily task-oriented.
In Fiedler's approach, a respondent using unfavorable terms to describe a coworker in question does not necessarily indicate a primary task-oriented orientation.
In Fiedler's Contingency Model, leadership effectiveness is determined by the match between the leader's style and the favorableness of the situation. A task-oriented leader is more focused on achieving goals, task accomplishment, and maintaining productivity. On the other hand, a relationship-oriented leader emphasizes building positive interpersonal relationships, fostering cooperation, and maintaining employee satisfaction.
The unfavorable terms used by a respondent to describe a coworker may reflect a negative perception of the coworker, which can stem from various factors such as personal conflicts, disagreements, or performance issues. It does not directly indicate whether the respondent is primarily task-oriented or relationship-oriented.
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You are advising Hoffmann-LaRoche, which has set up Roche Partnering to manage more than 190 alliances in the healthcare industry. What is the greatest risk that might cause those alliances to be unstable or break apart?
a. One or more of the 190 partners in Roche Partnering could gain access to another company's proprietary knowledge base, technologies, or trade secrets. One or Anticipated gains for Roche
b. Partnering may fail to materialize due to a poor fit in terms of the combination of resources and capabilities.
c. A partner obtains access to another partner's proprietary knowledge base, technologies, or trade secrets.
d. Any or all of the 190 partners in Roche Partnering could become overly dependent on other companies within the partnership.
e. Anticipated gains may fail to materialize for Roche Partnering due to an overly optimistic view of the synergies
The greatest risk that might cause the alliances in Roche Partnering to be unstable or break apart would be option e: Anticipated gains may fail to materialize for Roche Partnering due to an overly optimistic view of the synergies.
When forming alliances, there are often expectations of synergistic benefits and anticipated gains from the collaboration. However, if these anticipated gains do not materialize as expected, it can lead to disappointment, dissatisfaction, and potential instability in the alliances. An overly optimistic view of the synergies can result in unrealistic expectations and a mismatch between the anticipated benefits and the actual outcomes.
Unmet expectations can strain the relationships between partners, create distrust, and eventually lead to the breakdown of alliances. Therefore, it is crucial for Roche Partnering to carefully assess and manage the anticipated gains and ensure they are based on realistic projections and a thorough understanding of the potential synergies.
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In connection with your audit of Caloocan Corporation for the year ended December 31, 2006, you gathered the following: 1. Current account at Metrobank P2,000,000
2. Current account at BPI (100,000) 3. Payroll account 500,000 4. Foreign bank account – restricted (in equivalent pesos) 1,000,000 5. Postage stamps 1,000
6. Employee’s post dated check 4,000 7. IOU from controller’s sister 10,000 8. Credit memo from a vendor for a purchase return 20,000 9. Traveler’s check 50,000 10. Not-sufficient-funds check 15,000 11. Money order 30,000 12. Petty cash fund (P4,000 in currency and expense receipts for P6,000) 10,000 13. Treasury bills, due 3/31/07 (purchased 12/31/06) 200,000 14. Treasury bills, due 1/31/07 (purchased 1/1/06) 300,000 Question: Based on the above information and the result of your audit, compute for the cash and cash equivalent that would be reported on the December 31, 2006 balance sheet. a. P2,784,000 b. P3,084,000 c. P2,790,000 d. P2,704,000
Based on the information provided and the result of the audit, the cash and cash equivalent that would be reported on the December 31, 2006 balance sheet is P2,784,000. This is computed as follows:
Current account at Metrobank: P2,000,000
Current account at BPI: (P100,000)
Payroll account: P500,000
Foreign bank account – restricted (in equivalent pesos): P1,000,000
Postage stamps: P1,000
Employee’s post dated check: P4,000
IOU from controller’s sister: P10,000
Credit memo from a vendor for a purchase return: P20,000
Traveler’s check: P50,000
Not-sufficient-funds check: P15,000
Money order: P30,000
Petty cash fund (P4,000 in currency and expense receipts for P6,000): P10,000
Treasury bills, due 3/31/07 (purchased 12/31/06): P200,000
Treasury bills, due 1/31/07 (purchased 1/1/06): P300,000
Total: P2,784,000
Therefore, the correct answer is a. P2,784,000.
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One operator services a bank of five machines. Machine running time and service time are both exponential. Machines run for an average of 74 minutes between service requirements, and service time averages 26 minutes. The operator receives $25 per hour in salary and fringe benefits, and machine downtime costs $78 per hour per machine.
If each machine produces 65 pieces per hour while running, find the average hourly output of each machine, when waiting and service times are taken into account.(Round your answer to 2 decimal places.)
Average hourly output ______________________ pieces
Answer:
Average hourly output is 13.14 pieces.
Explanation:
Number of machines at the bank N = 5
Average service time T = 26 min
Machine runs for an Average R = 74 min
Number of servers M = 1
Service Factor, X = T / (T+R)
= 26 / (26+74)
= 0.26
Efficiency Factor, F = 0.683
Average Number of machine running A = N * F * (1 - X)
= 5 * 0.683 * (1 - 0.26)
= 2.52
Output rate = 26 * (A / N)
= 26 * ( 2.52 / 5)
= 13.14 per hour.
Which organizational change approach is best known for its affirmation rather than problem-solving approach to change?
The approach best known for its affirmation rather than the problem-solving approach to change is appreciative inquiry.
This method focuses on valuing the characteristics of the micro and macro environment, affirming the strengths, successes and potentials of people and the environment.
Therefore, in appreciative investigation, there is no change in the method, but in the perception of organizational resources to broaden the vision of systems and extract the potential of people and situations.
As an advantage, this approach can help with motivation, increased job satisfaction, creativity and development of employees' skills.
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Chapter 9 Pricing, Costing, and Growth.
It’s 10 questions - multiple choice and thank you !
I will give you brainliest if you answer all 10 (:
Answer:
b, b, c, a, d, c, b, d, a, c,
Explanation:
consider a 4-year amortizing loan. you borrow $3,000 initially and repay it in four equal annual year-end payments. if the interest rate is 10%, what is the annual payment?
The annual payment for the 4-year amortizing loan would be approximately $946.07.
To calculate the annual payment for a 4-year amortizing loan, we can use the formula for the periodic payment of an amortizing loan:
\(P = (r * PV) / (1 - (1 + r)^(-n))\)
Where:
P = periodic payment
PV = present value or initial loan amount
r = interest rate per period
n = total number of periods
In this case, the initial loan amount (PV) is $3,000, the interest rate (r) is 10% (0.10 as a decimal), and the total number of periods (n) is 4.
Plugging these values into the formula, we get:
P =\((0.10 * $3,000) / (1 - (1 + 0.10)^(-4))\)
P = \($300 / (1 - (1.10)^(-4))\)
P = $300 / (1 - 0.683013)
P = $300 / 0.316987
P ≈ $946.07
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40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding
Answer:
Private branding
Explanation:
Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.
They are also called store brands or own brands.
In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding
Which of the following statements is true about mortgages?
A. The adjustable mortgage has an adjustable term of years but
fixed interest rate.
B. The adjustable mortgage has adjustable rates over a set amount
of time.
C. The fixed mortgage has a fixed term of years but adjustable
interest rate.
D. The fixed mortgage has an adjustable interest rate over a set time.
The statement true about mortgage is B. adjustable mortgage has adjustable rates over a set amount of time.
A mortgage is basically a pact or agreement between the person who is providing a loan in the form of money and the person taking the loan in the form of money. It includes that if you fail to return the amount the lender has all the rights by which they can take away your property that you have submitted as a security deposit in form of property papers.
There are two types of mortgages on the basis of interest rates first is adjustable mortgages which has adjustable rates of interest through a fixed period of time. On the other hand is fixed mortgages which means there is a fixed rate of interest for a fixed period of time.
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Why is cvp analysis more difficult when using absorption costing than when using variable costing?.
CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
What is a CVP analysis?This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.
Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
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Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
All choices can have unintended consequences. When those outcomes affect someone who had no part in the initial choice, what is it called?
Free market
Free resource
Eminent domain
Externality
When outcomes affect someone not involved in the initial choice, it is known as an externality.
What is an externality?
Externality is when production or consumption activities have an effect on people who are not part of the consumption or production activity. Externality can be positive or negative.
Positive externality occurs when the benefits to third parties not involved in production is greater than the cost. An example of an activity that generates positive externality is research and development.
Negative externality occurs when the cost to third parties not involved in production is greater than the benefits. An example of an activity that generates negative externality is pollution.
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If in equilibrium Owen receives marginal utility of 10 utils from the last pizza he consumes, his marginal utility from the last soda must be _____ utils.
Answer:
I think that the answer would be 0.75. But I need to know what options you have to answer with
Explanation:
:)
Which of the following statements is most likely to be true regarding a geographic divisional structure? a. A geographic structure allows some functions to be centralized at one headquarters location and others to be decentralized to a regional level. b. A geographic divisional structure is a divisional structure in which specialists from the support functions are combined into product development teams that specialize in the needs of a particular kind of product. c. An organization using a geographic divisional structure employs a transfer pricing mechanism to transfer its products from one geographic division to the other geographic division. d. Organizations that use geographic divisional structure
The most likely true statement regarding a geographic divisional structure is A geographic structure allows some functions to be centralized at one headquarters location , Option A.
A geographic divisional structure is an organizational structure where the company is divided into different geographic regions or territories. Each region operates as a separate division, typically with its own management team, resources, and decision-making authority.
This structure allows the organization to tailor its operations and strategies to the specific needs and characteristics of each geographic market.
In a geographic divisional structure, certain functions or activities may be centralized at the headquarters level to achieve economies of scale, consistency, and coordination across all regions.
These centralized functions can include strategic planning, financial management, marketing and branding, research and development, and overall corporate governance.
On the other hand, other functions may be decentralized to the regional level to adapt to local market conditions, customer preferences, and regulatory requirements.
Decentralized functions can include sales and distribution, customer service, operations, and supply chain management. By decentralizing these functions, the organization can be more responsive to local market demands and capitalize on regional opportunities.
The combination of centralized and decentralized functions in a geographic divisional structure allows for a balance between achieving consistency and efficiency across the organization while also adapting to local market dynamics.
This structure enables the organization to leverage its global presence while maintaining a level of flexibility and agility in each geographic division.
Therefore, statement a is most likely to be true regarding a geographic divisional structure. So Option A is correct.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
inventory is added to the inventory records after all of the following are reconciled, except the a.receiving report. b.purchase order. c.sales invoice. d.vendor's invoice.
Inventory is added to the inventory records after all of the following are reconciled, except the sales invoice.
A sales invoice is an accounting form that a supplier of goods or services sends to a customer. It keeps track of the goods and services delivered as well as the money owing by the client and the available payment options. Between businesses and customers, particularly for larger purchases, invoices establish legally enforceable agreements.
Businesses produce invoices to request payment from customers at the conclusion of the sales process. Invoices are created at delivery or right away after for the majority of businesses. While some still utilize snail mail, most invoices today are sent by email or through billing software. This program frequently automatically notifies the business and the client when the invoice has changed, keeping both parties informed.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
If a person withdraws $500 from his/her checking account and holds it as currency, then M1 will ________ and M2 will ________. Group of answer choices
When a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
What is a checking account?It should be noted that a checking account simply means a deposit account that allows one to make withdrawals and deposit.
In this case, when a person withdraws $500 from his checking account and holds it as currency, M1 will increase and M2 will not change.
Here, M1 is the money supply which is composed of currency, demand deposit and savings deposit. M2 is the measure of money supply that has to do with cash, checking deposit and near money.
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Which situation best illustrates the concept of inelastic demand for a
product?
A. A watch company raises its prices after a celebrity is seen
wearing one of its products.
B. A store always sells the same amount of milk each month
regardless of the price.
C. A restaurant begins to see fewer customers each month after
raising its prices
D. A gas station is forced to quickly raise gas prices when oil gets
more expensive
Answer:
B. A store always sells the same amount of milk each month
regardless of the price.
Explanation:
Inelastic demand is a phrase that describes a demand that remains relatively constant despite price changes. Its means that a substantial price change will have little effect on the product's demand. Necessary goods such as foods and medicines and products with no close substitutes tend to have inelastic demand.
Milk is a food item and a necessary good. People will consume it regardless of its price. A small or moderate change in price will have little effect on its demand.
Answer:B. A store always sells the same amount of milk each month
regardless of the price.
Explanation:
which colonial subregion had the highest demand for enslaved labor because its economy focused on growing cash crops on plantations?
During the colonial period in the United States, tobacco was the dominant slave-produced commodity. Concentrated in Virginia and Maryland,
What was Slavery in the colonial history of the United States?
Between 1526 and 1776, during the colonial era of the United States, slavery evolved due to a number of complicated reasons. To account for this, academics have put out a number of ideas. Slavery was closely tied to the need for work in the European colonies, particularly in the case of the labor-intensive plantation economies of the sugar colonies run by Great Britain, France, Spain, Portugal, and the Dutch Republic in the Caribbean and South America.
Slaves were brought from Africa to the Americas in slave ships used in the Atlantic slave trade. On a smaller scale, native people were also held as slaves in the North American colonies; by the late eighteenth century, however, Indian slavery had mostly come to an end.
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promotion and advertising are aspects of marketing closely monitored by
Promotion and advertising are aspects of marketing closely monitored by businesses and marketers. They play a vital role in creating awareness, generating demand, and driving sales for products or services. Effective promotion and advertising strategies can significantly impact a company's success in the market.
Promotion and advertising are crucial elements of marketing campaigns as they aim to communicate the value and benefits of a product or service to the target audience. By strategically promoting and advertising their offerings, businesses can create brand awareness, build a positive reputation, and attract potential customers. These activities involve various tactics such as advertising through traditional media channels like television, radio, print, as well as utilizing digital platforms like social media, search engines, and online display ads.
Monitoring promotion and advertising efforts is essential to ensure their effectiveness and return on investment. Marketers closely analyze the results of their promotional activities, tracking metrics such as reach, engagement, conversion rates, and sales. This data helps them assess the success of their campaigns and make informed decisions for future strategies. By monitoring these aspects, businesses can optimize their promotional and advertising efforts, identify areas for improvement, and allocate resources effectively.
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f. Medical profession is a very sensitive profession. Do you agree? Give
Answer:
Medical profession is very sensitive and intellectual where human life is at risk. A successful effort of a doctor can save a life. Due to that, a doctor is known as 2nd God. When he attempts a major and long surgery, his endurance, hard work and mental ability spotlight his character.
Answer:
I am sry if u can't understand the handwriting
Explanation:
long ans . <3
What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Max's Company (MC) and Jollibee Company (JC) are both service companies. Their stock returns for the past three years were as follows: MC: -4 percent, 17 percent, 25 percent; JC: 18 percent, 8 percent, 19 percent. Calculate the mean return for each company. O MC: 11.67 percent; JC: 18 percent O MC: 12 percent; JC: 6 percent MC: 19 percent; JC: 12.67 percent O MC: 12.67 percent; JC: 15 percent
The correct option is: MC: 12.67 percent; JC: 15 percent.
To calculate the mean return for each company, we sum up the individual returns for each year and divide by the total number of years.
For Max's Company (MC):
Mean return = (-4% + 17% + 25%) / 3
Mean return = 38% / 3
Mean return ≈ 12.67%
For Jollibee Company (JC):
Mean return = (18% + 8% + 19%) / 3
Mean return = 45% / 3
Mean return ≈ 15%
The expected value, or mean, of all the probable returns on assets that make up a portfolio is known as the mean return in securities analysis. A mean return, sometimes referred to as an anticipated return, can be used to describe the monthly return on an investment in a stock. A mean return in capital planning is the average value of the probability distribution of potential returns.
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Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.
Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)
a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?
b. What is the break-even point in cans? in dollars?
c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?
d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?
e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?
f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?
g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part
(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?
h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?
Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.
a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).
b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).
c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.
d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.
e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.
f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.
g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.
h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.
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what are some of the core rationales used in the forecast decisions presented in the case about fiskars corporation?
The fundamentals used in the forecasting decisions presented in the Fiskars Corporation case are as follows:
Trend analysis: Fiskars corporation uses trend analysis to identify patterns in market behavior and predict future results based on historical data.Competitor analysis: Fiskars Corporation also analyzes its competitors and their market strategies to make accurate forecasting decisions.Demand analysis: Fiskars Corporation analyzes market demand and changes in demand to predict future trends and make accurate forecasting decisions.Cost analysis: Fiskars Corporation analyzes production costs and changes in costs to predict future results and make accurate forecasting decisions.In summary, Fiskars Corporation uses a variety of fundamentals, including trend analysis, competitive analysis, demand analysis and cost analysis, to make accurate forecasting decisions.
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assume that the price elasticity of supply for good y is 0.5. if the price of good y decreases by 30 percent, the quantity supplied of good y will
Assume that the good y's supply price elasticity is 0.5. The amount of good y that is given will drop by 15% if the price of good y drops by 30%.
price elasticity of supply = % change in quantity supplied / % change in price.
% change in quantity supplied = price elasticity of supply x % change in price
% change in quantity supplied = 0.5 x 30
% change in quantity supplied = 15
The percentage change in quantity supplied as a result of a specific percentage change in the commodity's own price is known as price elasticity of supply. It is determined by dividing the percentage change in the quantity delivered by the percentage change in the commodity's price.
The price elasticity of supply (PES) gauges how quickly a change in price affects the quantity delivered. A company must be able to react swiftly and efficiently to shifting market conditions, particularly when it comes to price changes.
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