The correct answer is B. Diseconomies of scope
Explanation:
In businesses, diseconomies of scope occur when costs increase when two or more products are produced by the same business. This means it is cheaper and more efficient for a business to specialize in a few products rather than focusing on diverse products. This occurs in the case presented because the production of turkey dogs and ham sandwiches increased the costs, which shows it is more efficient for the business to specialize in a few products. Thus, this vendor is experiencing diseconomies of scope.
Questions for Critical Thinking
1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be?
2. To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?
3. In what other product areas would Quirky’s business model work the best?
4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up. All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
Critical thinking questions1. Do you think Quirky’s basic business model is sound and fair? If you could suggest any changes, what would they be? Quirky’s basic business model is sound and fair because they involve the public in developing products by taking ideas from people and turning them into products, splitting the profits from the product sales with the inventor, and also collaborating with the inventor from the start of the idea to its final product.
However, there are a few changes I would suggest. First, the public could have more control over which product idea is to be developed into a product. Second, the company could offer more compensation to the inventor, especially if the product becomes a commercial success.2.
To what degree does Quirky’s business reflect the attributes of a sound business idea as described in Chapter 2?Quirky’s business idea reflects the attributes of a sound business as described in Chapter 2 of the text, including the following attributes:
Quirky is innovative in its business model, as it involves the public in developing products.Quirky has a good system of assessing the market’s demand for each product idea.
Quirky has a flexible business model, as it is able to adapt to changes in the market.3. In what other product areas would Quirky’s business model work the best?
Quirky’s business model could work well in a number of other product areas, including Home improvement and do-it-yourself (DIY) products;
Fashion and clothing; Outdoor gear and accessories; Personal care and hygiene; Consumer electronics.4. Think of the challenges in your own life that might represent a product idea for Quirky. If you don’t think of something right away, don’t give up.
All of us encounter problems and challenges in our everyday lives that might represent the basis of a promising idea. Be prepared to describe to others one of the challenges or problems you encounter and how a solution to the problem could be fashioned into a product idea to submit to Quirky.
One of the challenges I have encountered is the issue of losing small items such as keys, earrings, and others. A solution to this challenge could be fashioned into a product idea by developing a small, inexpensive device that could be attached to small items.
The device would emit a signal that would be detected by an app on the user’s phone if the item were lost. This could be developed into a product idea and submitted to Quirky for further development.
For more such questions on final product
https://brainly.com/question/18948748
#SPJ8
if the marginal propensity to consume is 9.5, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of $…..
Marginal propensity to consume is the fraction of additional income that is spent on consumption. Therefore, if the marginal propensity to consume is 9.5, then for every additional dollar earned, 95 cents will be spent on consumption. If investment increases by $100, the maximum increase in equilibrium real gross domestic product (GDP) can be calculated by multiplying the increase in investment by the marginal propensity to consume.
The formula to calculate the maximum increase in equilibrium real gross domestic product is:Maximum increase in equilibrium real GDP = Change in investment × Marginal propensity to consume. Substituting the given values into the formula, we get:
Maximum increase in equilibrium real GDP = $100 × 9.5% or 0.095. Therefore, the maximum increase in equilibrium real GDP is $9.5.Since the increase in investment results in a multiplier effect on the economy, it is expected to lead to a higher increase in GDP than the calculated maximum increase in equilibrium real GDP.
This is because the increase in investment would result in increased production, employment, and incomes, leading to a further increase in consumption and investment.
For more question on consumption
https://brainly.com/question/14786578
#SPJ8
Production is an example of a marketing activity.
Question 1 options:
True
False
In business courses, what are decisions making involving diverse perspectives
Decision making involving diverse perspectives in business courses is a critical aspect that promotes inclusivity, enhances problem-solving skills, and fosters innovation.
Decision making involving diverse perspectives in business courses is a crucial aspect of any business organization.
It refers to the process of making effective and informed decisions based on input from diverse perspectives.
Such decisions are reached through a collaborative approach, where individuals with different backgrounds and expertise work together to achieve a common goal.
It is an essential aspect of effective decision-making, as it helps to mitigate the risk of making hasty or ill-informed decisions that could adversely affect the organization's success.
Diverse perspectives refer to the inclusion of different viewpoints, opinions, and experiences.
It entails involving people from different cultural, social, economic, and ethnic backgrounds, among others.
In business courses, decision making involving diverse perspectives may include strategies such as brainstorming, consultation, and collaboration.
These strategies help to foster creativity, promote innovation, and enhance problem-solving skills.
Additionally, it helps to create a diverse and inclusive organizational culture that values diversity and fosters mutual respect.
In conclusion, decision making involving diverse perspectives in business courses is a critical aspect that promotes inclusivity, enhances problem-solving skills, and fosters innovation.
For more questions on business courses
https://brainly.com/question/24553900
#SPJ8
Explain why every selection should be both reliable and vaild in human resource management.
It is essential that every selection method or tool used in human resource management is both reliable and valid to ensure that the organization hires the best possible candidates and achieves its goals.
Why should the selection be valid and reliable?In human resource management, selection is the process of identifying and hiring the best candidates for a particular job or role.
To ensure that the selection process is fair, effective, and efficient, it is essential that every selection method or tool used is both reliable and valid.
Reliability refers to the consistency or stability of the selection tool or method while validity, on the other hand, refers to its accuracy or effectiveness.
Therefore, It is essential that every selection method or tool used in human resource management is both reliable and valid to ensure that the organization hires the best possible candidates and achieves its goals.
learn more about human resource management: https://brainly.com/question/14419086
#SPJ1
Question # 5
Multiple Choice
Which of the following is described as a limit on the quantity of a good produced abroad that can be imported?
- import tax
- quota
- trade surplus
- tariff
ANSWER IS QUOTA!!!
I think the answer will be
- QUOTAA manufacturing firm has received a contract to assemble 1000 units 78 1-54 A of test equipment in the next year. The firm must decide how to organize its assembly operation. Skilled workers, at $32 per hour each, can individually assemble the test equipment in 2.7 hours per unit. Alternatively, teams of five less-skilled workers (at $22 per hour each) can assemble a unit in 0.8 hours. Which approach is more economical
The final answer is "1,600", and the further calculation and description can be defined as follows:
The Index Number Theories approach, which believes that price and quantity data are produced in order to address different difficulties with economic optimization. The "microeconomic approach" is also well recognized.Given:
\(\bold{1,000 }\) assembly units.
Skilled employees can put together the testing equipment on a standalone basis in 2.7 hours apiece at $32 per hour.Costs are \(\bold{2.7 \times \$ 32 = \$86.4}\) per unit of assembly.The unit can be set up in 0.8 hours by five under-skilled workers (at \(\$ 22\) per hour).The unit cost \(\bold{= 5 \times 0.8 \times \$ 22 = \$88}\).The cost of \(\bold{\$1.6}\) is economic for a team of five under-skilled workers.Therefore, \(\bold{1000 \times 1.6= \$1,600}\) can be saved
Learn more:
brainly.com/question/13785110
Explain the core functions of organizational culture.
The core functions of organizational culture are to provide a shared identity and guidelines for behavior, shape employee motivation and productivity, and influence organizational performance and interactions with stakeholders.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that shape the behavior of individuals within a company. Its core functions are to create a sense of identity and unity among employees, provide guidelines for behavior, and help employees understand the organization's mission and goals. Culture also affects employee motivation, engagement, and productivity.
It influences the recruitment and retention of employees, shapes the way decisions are made, and determines how the organization interacts with stakeholders. Effective organizational culture fosters innovation, collaboration, and adaptability, while a negative culture can lead to high turnover, low productivity, and poor performance.
Learn more about Organizational culture here
brainly.com/question/30270469
#SPJ4
The order of presentation of activities on the statement of cash flows is______________
1 point
a) Operating, Investing, and Financing.
b) Operating, Financing, and Investing.
c) Financing, Operating, and Investing.
d) Financing, Investing, and Operating.
The order of presentation of activities on the statement of cash flows is Operating, Financing, and Investing.
The option (B) is correct.
Cash flows are classified and introduced into working exercises (either utilizing the 'immediate' or 'circuitous' technique), contributing exercises, or funding exercises, with the last two classes commonly introduced on a gross premise. as it shows whether the business has sufficient fluid money to put in now is the ideal time and invest in assets.
When creating your income statement, list incomes first. Then, at that point, drill down any costs your organization had during the period and take away the costs from your income. The lower part of your pay proclamation will let you know whether you have a net gain or shortfall for the period.
Learn more about cash flows:
https://brainly.com/question/29671433
#SPJ1
If Allowance for Doubtful Accounts has a credit balance of $4,400 in the trial balance and bad debts are expected to be 10% of accounts receivable, journalize the adjusting entry for the end of the period.
Answer:
a. Adjusting Journal entry Accounts/ Explanations Debit Credit Bad Debts Expense $10,600 Allowance for Doubtful Accounts
Which two statements about financial service companies are true?
Answer:
b. and d.
Explanation:
Ziehart Pharmaceuticals reported Net Sales of $195,000 and Cost of Goods Sold of $66,600. Candy Electronics Corporation reported Net Sales of $53,000 and Cost of Goods Sold of $39,800 Required: 1. Calculate the gross profit percentage for both companies. (Round your answers to 1 decimal place.) 2. Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold?
The gross profit percentage for Ziehart Pharmaceuticals is 74.5%.
The gross profit percentage for Candy Electronics Corporation is 57.1%.
The company better able to use its sales to cover expenses is Candy Electronics Corporation.
What is the gross profit percentage?
The gross profit percentage is the ratio of net sales to total sales.
gross profit percentage = net sales / gross sales x 100
Gross sales is the sum of net sales and cost of goods sold
Ziehart Pharmaceuticals = [195,000 / (195,000 + 66,000)] x 100 = 74.5
Candy Electronics = [53,000 / (53,000 + 39800)] x 100 = 57.1
To learn more about financial ratios, please check: https://brainly.com/question/26092288
what is mean, meadian, mode ?
Answer:
Can u tell us for what tho?
Explanation:
Answer:
A mean is the total of numbers divided by how many numbers there are, A mode is a number that appears the most, and a median is the middle number of the data set.
Explanation:
I hoped I helped :)
Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. Ball then receives a letter from Sullivan stating, "I will not take less than $60,000 for the forty-acre tract as specified." Ball immediately sends Sullivan a fax stating, "I accept your offer for $60,000 for the forty-acre tract as specified." Can Ball hold Sullivan to a contract for sale of the land? Why or Why not? Explain.
( 200 WORD COUNT PLS HELP!)
According to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer.
What do you mean by contract for sale?A contract for the selling of products is one in which the seller sells the buyer the property in the goods in exchange for payment. Between two co-owners, there might be a contract of exchange.
A contract of sale, sales contract, sales order, or contract for sale is a written agreement between a customer (or purchaser) and a seller (or vendor) for the acquisition of assets (goods or property), at an agreed-upon price in money (or money equivalent).
Therefore, according to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer. Invitations to trade or negotiate or mere statements of intentions to enter into a contract upon further bargaining do not constitute offers but are instead preliminary negotiations.
To know more about the contract for sale, visit:
https://brainly.com/question/29350867
#SPJ1
what Is quality Control
Answer:
a system of maintaining standards in manufactured products
TRUE/FALSE. risks, assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project.
risks, assumptions and constraints are included in the project charter so that key participants will be aware of what could prevent them from successfully completing the project: true, given statement is true.
A project charter, project definition, or project statement is a description of a project's scope, goals, and participants in project management. It specifies the authority of the project manager, identifies the important stakeholders, explains the project's primary aims, and gives a preliminary demarcation of roles and duties.
The project charter is the name of this document in Initiative for Policy Dialogue (IPD). The project definition report is what it is known as in customer relationship management (CRM). This document is necessary as part of the project management procedure according to both IPD and CRM.
learn more about project charter here
https://brainly.com/question/29899562
#SPJ4
evaluate the pricing strategy of Vinmart retail system
Answer:i think vinsmart is ok
Explanation:
Select the correct answer.
To qualify as a business analyst, which degree or certification should you ideally have?
O A.
bachelor's degree in software testing
OB.
bachelor's degree in business administration or information technology
C.
bachelor's degree in quality assurance
D.
master's degree in social sciences
Answer:
B
Explanation:
Just took the test
how might a business be in violation of a truth in advertising law?
Answer:
By claiming its product is healthy without having any scientific evidence
ASAP! Which of the following does not help a young person’s credit history?
A. Opening a credit card with low interest rates and only a $500 credit limit
B. Paying car payments early
C. Working a part-time job and growing the savings account
D. Having a balance in the checking account at least 10 times per year
Answer:
D. Having a balance in the checking account at least 10 times per year
Explanation:
Positive credit history is an indication of the responsible use of credit facilities and good money management skills. A young person can rely on good credit history to qualify for bigger loans such as auto and apartment loans. Potential employers also look into credit history.
To build a good credit history, one has to demonstrate discipline in the use of credit facilities. Having a limit on a credit card is a good way of controlling debt. Making early payments and a growing saving account indicates good money management skills.
Having a balance in the checking account at least ten times per year does not help build a good credit history. Lenders will doubt the ability to pay if there are no cash inflows in a checking account.
What is Supply Chain?
Answer:
Hello, I'm here to help you.
Explanation:
Supply Chain: Is a network between a company and its suppliers to produce and distribute a specific product or service.
Describe one (1) resource you found that provides tips on how to talk about your résumé in a job interview.
Answer:
Explanation:tôi xứng đáng có mức lương cao hơn
sociological approach to enterpreneurship
Answer:
The sociological approach to the study of entrepreneurship deals with social and cultural factors responsible for the nature and growth of entrepreneurship development in a society. It attempts to understand as to why a social structure and culture facilitates or inhibits entrepreneurial development.
Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following should not be treated as direct costs, assuming the cost object is individual clocks?
a. The clock face
b. The timing mechanism for each clock
c. Wood
d. Depreciation on dock-making equipment
Answer:
D)depreciation on clock making equipment
Explanation:
From the question we are informed about Sturbridge Company manufactures who fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. In this case, all the following should be treated as direct costs, assuming the cost object is individual clocks;
✓ The clock face
✓The timing mechanism for each clock
✓Wood
A direct cost can be regarded as price which can be tied directly to manufacture of particular goods or services. Direct and indirect costs can be regarded as two major types of costs that can be incurred by companies. Direct costs are been regarded as variable costs often, i.e this cost could fluctuate as q result of production levels like inventory.
Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.
What is fraud ?
Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.
This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.
To learn more about fraud refer to:
https://brainly.com/question/1260589
#SPJ9
True False
An employee's loyalty to colleagues, managers, or the company is a common reason that prevents employees from reporting ethical misconduct in the company.
It is a true statement that an employee's loyalty to colleagues, managers or the company is a common reason that prevents employees from reporting ethical misconduct in the company.
What is an ethics in business?The business ethics refers to any standards for the morally right and wrong conduct in business. It is also defined as those conduct that are “legal” and “ethical” which enhances the law by outlining acceptable behaviors beyond government control.
In the context of ethics, a misconduct means any wrongdoings but not limited to any criminal, fraudulent, illegal or dishonest activity that constitutes a breach of trust. However,
Read more about business ethics
brainly.com/question/4048149
#SPJ1
Course Home
Syllabus
Announcements D
Assignments
Live Chats & Lectur
Gradebook
Classmates
Originality Verifica
Description
in your own words, answer this unit's discussion questions in a main post (recommended minimum 300 words), and respond to at least 2 peers' postings
(recommended minimum 75 words)
After you have reviewed the Assignment Details below, click the Launch Discussion Board link under the Assignments tab for this unit to open the Discussion
Board and make your post.
Use these videos for help on how to post to the Discussion Board
AU Student Mobile app view
• Desktop view
An organization uses key performance indicators (KPIs) to monitor the processes involved in operating a global supply chain to identify strategies that are not
performing well and need improvement.
For this assignment, respond to the following
• Describe a KPI that you have used yourself or have seen or read about being used to manage a global supply chain process successfully.
How should an organization decide which KPIs) to use to successfully manage its global supply chain?
Review and consider the KPI introduced by two of your peers. One way to respond to each of your peers is to share your thoughts on how each team used the KPI to
manage the operational processes. Another approach would be to provide your perspective on other KPIs that can be used to drive continuous operational process
improvement for the scenario discussed by your peers.
For assistance with your assignment, please use your text, Web resources and all course materials.
Discussion Board Reminders:
Must have three posts: A Main Post and two replies to peers.
First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.
Second and third post: Must be posted on a different day from the first post.
• Connect to Content: At least one post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the
content.
• Engaging in Class Discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards
Grading Rubric
ment Due
AY
bents
27
60
DINTS
SSIBLE
An organization can use Inventory Turnover and Customer Order Cycle Time KPIs to drive continuous operational process improvement.
Key Performance Indicators (KPIs) are essential tools that organizations use to monitor the processes involved in operating a global supply chain.
A KPI is a measurable value that organizations use to track and measure how efficiently and effectively they are achieving their key business objectives.
The KPIs vary depending on the organization's business objectives, industry, and strategic goals. One KPI that I have seen being used to manage a global supply chain process successfully is the Perfect Order Metric.
Perfect Order Metric (POM) is a KPI that measures a supply chain's success in delivering orders without any issues or errors. POM measures the supply chain's ability to deliver on-time, complete, and error-free orders to customers.
Organizations can use various methods to decide which KPIs to use to manage their global supply chain.
One approach is to define the supply chain objectives and business goals, which provide the overall direction for the supply chain management.
Another method is to identify the critical areas that need improvement and select the KPIs that will measure progress in those areas.
Organizations should also consider aligning the KPIs with the organizational strategy, which helps ensure that the supply chain's objectives are aligned with the organization's overall goals.
Two KPIs that my peers have introduced are the Inventory Turnover and Customer Order Cycle Time.
Inventory turnover measures how fast a company sells its inventory and replenishes it with new products.
On the other hand, customer order cycle time measures the amount of time it takes for an organization to receive a customer order, process it, and deliver the product or service to the customer.
In conclusion, KPIs are essential tools that organizations use to measure their global supply chain's performance. Organizations should choose KPIs that align with their objectives, goals, and strategy.
The perfect order metric is an example of a KPI that measures a supply chain's success in delivering orders without issues or errors.
An organization can use Inventory Turnover and Customer Order Cycle Time KPIs to drive continuous operational process improvement.
For more such questions on Inventory Turnover
https://brainly.com/question/18914383
#SPJ8
Teamwork Skills
And what you can learn from it
In in skill In
life
Select two ways of becoming a business owner. Compare the advantages and disadvantages and decide which of the two you would prefer.
Why wouldn't giving yourself a manicure count as GDP for the United States?