The correct answer is that Flavio endorses the use of contingency planning.
Contingency planning is a strategy that involves developing alternative plans to address potential future situations that may affect the operation of a business. This approach is particularly important for managing risks associated with unpredictable events such as weather, competitor actions, and economic fluctuations. By having a plan B, a company can respond quickly and effectively to unexpected changes, minimizing disruptions and maintaining continuity of operations. Flavio's belief in the importance of alternate plans aligns with the principles of contingency planning. This type of planning allows Fabulous Frozen Custard to be agile and resilient in the face of external challenges. It ensures that the company is prepared for various scenarios and can adapt its strategies accordingly to sustain its competitive edge and ensure long-term success.In summary, contingency planning is crucial for businesses like Fabulous Frozen Custard to navigate the uncertainties of the external environment. It provides a structured approach to managing risks and ensures that the company can continue to operate smoothly even when the primary operational plans are disrupted."
Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a gross profit margin last quarter of 33%. Which of the following actions would allow Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels?
A. Increase the price per panel.
B. Decrease the price per panel.
C. Spend more on labor and production.
D. Spend less on labor and production.
The action undertaken by Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels is to Increase the price per panel. Thus, option A is correct.
What is Gross Profit Margin?The gross profit margin indicates how much money your company generated after deducting the actual costs of conducting business, which might include labor, materials, and other direct production costs. It is one of three primary profitability measures, along with the operating profit margin and net profit margin.
Price increase: If he sells the same amount of fence panels, his profit margin WILL GO UP because his revenue will go up.
He has a fence panel manufacturing firm called Bill's Gates. Last quarter, Bill Gates' gross profit margin was 33%. Bill's approach this quarter to enhance his gross profit margin, assuming he sells the same amount of fence panels, is to raise the price per panel. As a result, option A is correct.
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The role of profits in the model of perfect competition is to
a. determine which firm is the best firm in the industry.
b. make it worthwhile for people to invest in the company.
c. set the optimal price.
d. signal entrepreneurs to enter the industry.
Celeste has a lot going on in her life: she's a volunteer at a community center for children, she works weekends as a receptionist, she babysits her nephews every Monday and Wednesday, she takes her parents' and neighbors' dogs for walks after school, she writes for the school newspaper, and she takes informal art classes whenever she can during the week. She's very organized with her commitments and keeps a well-planned schedule, but she's noticing a decline in her grades with so much going on. What should Celeste do to create a more balanced life?
A ____ is a product that consists of primarily intangible attributes
Aromatic wines are known as ________, which generally are consumed before meals as a digestive stimulant.
The term structure of interest rates is influenced by
When arnie was sent to afghanistan for military duty, he was issued a special camouflage uniform so that he would not be as readily visible against the rocky desert landscape. camouflage is one application of the perceptual principle called:?
What is a variable expense?
A. An expense that is the same during some months, and different during other months.
B. An expense that is the same from month to month.
C. An expense that is different from month to month.
D. None of the above.
Firms that operate internationally are able to:
a. expand the market for their domestic products
b. realize location economies by dispersing individual value creation activities to areas where they can be performed most efficiently and effectively.
c. realize greater cost economies from experience effects
d. earn greater return by leveraging valuable skills
e. all of the above
It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.
a. True
b. False
A hospital uses a paper-based system. its kitchen staff prepares meals for everyone who is a patient in the hospital as of midnight the night before. it is impossible for them to obtain data about several discharges until the next night, which results in a considerable amount of food wasted at a substantial cost. which process could the hospital adapt so that the kitchen staff is more efficient and doesn't waste food on patients who have already been discharged
Economists include the word final in the definition of gdp because we ____________.
Expansionary fiscal policies are designed to
A. boost the economy.
B. slow the economy.
C. balance the economy.
D. have no effect on the economy.,
Fill in the blanks to complete the passage regarding the development of illegal markets in response to price ceilings. – are illegal markets that emerge in response to price controls. a few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. the additional demand is met by – suppliers selling at much – prices.
Black markets are illegal markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by underground suppliers selling at much higher prices.
The government does not support the black market or any of their actions with getting items and selling them in other forms. Those who are in demand of a good when they have a hard time in getting it may purchase it illegally at a higher price just so they can receive that good. When there is an exchange of goods in the black market, these items are usually prohibited by the government and therefor illegally being sold.
You sell hockey goals for $200 each. weekly sales are 60 units. you estimate that for every $10 you increase the price, sales drop by 3 units per week. what will be your weekly revenue from hockey goals at a price of $300?
3. If the typical balance on Lucy's credit card is $650 and the interest rate (APR) on her credit card is 18%, how much in interest would you expect Lucy to be charged in a typical month?
About $80.86
About $9.75
About $14.15
About $6.67
About $51.74
Suppose that the average cost of a doctor's visit is $100. if the government imposes a price ceiling of $50 on the cost of a doctor's visit, there will be:
The local government relies mostly on revenue from
-Medicare taxes
-property taxes
-income taxes
-interest from savings accounts
Answer:
Property taxes
How is a line of credit different from a loan?
What is the first step of the buyer decision process?
a. purchase decision
b. need recognition
c. alternative evaluation
d. information search
e. postpurchase behavior?
Answer:
B
Explanation :
• Problem or need recognition: - first stage of the Consumer Decision Process in which the consumer is able to recognize what the problem or need is and subsequently, what product or kind of product would be able to meet this need. It is oftentimes recognized as the first and most crucial step in the process because if consumers do not perceive a problem or need, they generally will not move forward with considering a product purchase.
•Information search;- Information Search is a stage in the Consumer Decision Process during which a consumer searches for internal or external information..
•Evaluation of alternatives;-During the evaluation of alternatives stage, the consumer evaluates all the products available on a scale of particular attributes
•Purchase: Purchase Decision: The fourth stage in the consumer decision process and when the purchase actually takes place
•Post-purchase behavior:- is when the customer assesses whether he is satisfied or dissatisfied with a purchase.
Need recognition is the first step of the buyer decision process. Hence, option B is correct.
What is buyer decision process?The first step in the consumer decision process is problem or need recognition, during which the customer can identify the issue or requirement and determine what product or class of products would be most suited to address it. It is frequently acknowledged as the first.
A consumer searches for internal or external information during the information search stage of the consumer decision process.
Evaluation of alternatives: The consumer assesses all of the products on the market using a scale of specific features during this stage.Purchase: The fourth stage of the consumer decision-making process and the time at which the actual purchase is made.Post-purchase behavior: This is when a consumer decides whether or not he is happy with a purchase.Thus, option B is correct.
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What is the main advantage of the billion prices project over the cpi?
Answer:
The billion prices project monitors online information about prices. The advantage of using online data is that it is very hard to manipulate by a specific government since everyone can access it.
This project started in response to the government manipulation of the CPI in Argentina (and later in Venezuela). Government officials can forge information about the inflation rate, but the project started researching online prices and those cannot manipulated by the government.
Currently PriceStats (a private company) monitors online prices on a daily basis, and that is something impossible to do on brick and mortar stores.
Mr. gonzales wants to help fellow farmers in his community, but he is not interested in making a personal profit. his main goal is to join with other farmers so they can have better bargaining power when purchasing supplies.
Jennifer is a manager in a circuit manufacturing plant. a portion of the production process is extremely tedious and repetitive, and employees tend to become bored and careless when performing this task. what alternative could make this repetitive task quicker and less susceptible to error?
Answer:
Robotics.
Explanation:
In this case, the most appropriate alternative would be the use of robotic automation.
This is an increasingly growing technology in the world, whose objective is to automate business processes in order to streamline industrial operations, reduce costs and facilitate work.
Through the use of software or robots, it is possible for the company to capture and interpret data that generate relevant information for data manipulation, processing transactions, communication with other digital systems, etc.
Pitch, volume, rate, quality, articulation and other attributes are known as ____
Final answer:
Pitch, volume, rate, quality, articulation, and other attributes are known as the perceptual attributes of sound.
Explanation:
Pitch, volume, rate, quality, articulation, and other attributes are known as the perceptual attributes of sound. These attributes relate to how we perceive sound and are influenced by the physical properties of sound waves, such as frequency, amplitude, and timing. Pitch refers to how high or low a sound is, volume (or loudness) indicates how strong or soft a sound is, and timbre characterizes the quality or color of a sound that makes it unique, even at the same pitch and loudness.
Additional musical elements include meter, dynamics, rhythms, tempo, duration, melody, form, and phrase, which are all essential in creating music. In speech, elements like pitch, rate, and loudness play a significant role as well, often referred to as vocal cues that can convey meaning beyond words.
Subchapter S corporations often do business in foreign countries.
True
False
Answer:
that is easy
Explanation:
its false
Your revenue is $12,222 for the month and your gross margin was 70%. Your operating expenses were $6,250. What was your profit?
Answer:
c.. 2,305
Explanation:
got right
________ is/are changes in products, services, or processes that radically change an industry's rules of the game.
Occupants of the international space station experience weightlessness due to
Julie works at a job where she is paid a fee for each sale she makes rather than an hourly salary. she is a good salesperson but never knows when she will make her next sale. this means that her salary reflects a __________ schedule of reinforcement.
Final answer:
Julie's commission-based income reflects a variable ratio reinforcement schedule, characterized by rewards given after an unpredictable number of sales, leading to high and consistent motivation.
Explanation:
Julie's salary, which is based on inconsistent sales, reflects a variable ratio reinforcement schedule. This schedule rewards a behavior after an unpredictable number of responses, which is similar to a gambler who never knows when their next win will be. Salespeople, like Julie, who earn commission per sale, find their income fluctuates due to the unpredictability of when a sale will occur, but this can lead to consistently high levels of motivation to make sales.
When choosing which foreign country to enter, a country will be less appealing when?