Backward integration refers to the process of a company expanding its operations to encompass its suppliers of raw materials. A firm that undertakes backward integration buys or creates businesses that supply the products or services that the company uses.
This is done to control costs, improve efficiency, and increase profits. It has been shown to be an effective strategy for companies seeking to gain a competitive advantage.
The following are some examples of successful backward integration: Apple Inc.Apple is a company that has succeeded in backward integration. In order to safeguard its supply chain, the tech giant has been actively working on backward integration.
Apple has been investing in the development of its processors to reduce dependence on external suppliers, as well as developing its proprietary application processors. Apple Inc.'s move to design its processors and manufacture them through TSMC is a backward integration strategy that has been successful. Walmart- Walmart, one of the largest retailers in the world, is another example of backward integration.
Walmart's strategy involves creating a single channel of distribution for goods. Walmart has been actively working on backward integration by purchasing its suppliers. It has achieved this by purchasing the rights to the products of its suppliers. In order to maintain quality control and guarantee that its products meet its standards, the company has taken the necessary steps.PepsiCoPepsiCo is a beverage and snack food company that is well-known for its backward integration strategy.
PepsiCo has achieved backward integration by owning some of its key suppliers. For instance, Frito-Lay is a subsidiary of PepsiCo. The company supplies a significant percentage of the raw materials used in the production of PepsiCo's snacks. PepsiCo has been able to guarantee the quality of its products and achieve better supply chain management as a result of its backward integration strategy.
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In what industry is labour likely to be the most important factor of production
Answer:
Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.
empowered teams have the responsibility and authority to achieve their goals. group of answer choices true false
Empowered teams have the responsibility and authority to achieve their goals. This statement is true.What is an empowered team?An empowered team is a group of workers who are responsible for a specific task, project, or objective. They are given the authority to make decisions and execute their duties in a manner that they believe will best achieve their objectives.
The authority provided to empowered teams enables them to work independently of their bosses and to establish objectives, priorities, and methods. The team is responsible for achieving these objectives and goals. Their management is a shared responsibility among all members of the team.How do empowered teams work?Empowered teams have the power to make their own decisions, and they can alter their strategies as necessary to achieve their objectives. This level of control enables them to be more productive and innovative than other teams because they are not required to wait for their managers to approve every decision. Empowered teams are responsible for both their successes and failures. They are self-managing teams that hold each other accountable for their work and take responsibility for their mistakes. This enables them to have a more significant impact on their work and a sense of ownership over their results.In conclusion, empowered teams are responsible for achieving their goals, and they have the authority to make decisions that will help them do so. They operate independently, hold each other accountable, and have a strong sense of ownership over their work.
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The legal system in the United States is based on _____.
A. constitutional law
B. common law
C. small law
D. statutory law
Match the action needed to increase profits with the reason a business might fail.
A small company, especially a store, usually has a better chance of succeeding if it is in an area with other businesses because it can draw in new customers.
A) poor management
B) competition
C) bad location
D) finances
Answer:
C, bad location
Explanation:
Competition is needed for a successful company otherwise monopolies rise and so can potential prices. The reason a business might fail is bad location so to counter this they can move to a more densely populated area.
Bad location is the action needed to increase profits with the reason a business might fail. The correct is option C.
Why is the location of a store important?It's a popular belief that finding a decent location is essential for drawing clients. Supply and distribution are also made simpler at a conveniently positioned store. The ability of a retailer to sell itself and contend with the competition it faces from other businesses can be influenced by location.
The greatest employees are hard to find and keep, and many are quite particular about where they work in order to achieve the ideal work-life balance. A company's performance over the long run can be considerably improved by wise location choices. Poor ones can cost millions in lost capital, talent, and production.
Thus, the ideal option is C.
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List 3 responsibilities that a consumer has when making a purchase.
check receipt, know the return policy, read the fine print
Answer:
1 searching for information about de goods
2 realizing the need of something
3 evaluating different products
A consumer's responsibilities include checking receipts, knowing the return policy, and reading the fine print.
Responsibility of a Consumer
Every consumer has basic responsibilities they need to adhere to when making a purchase. This is done to protect their right via consumer laws and these responsibilities includes
check the receipt of the purchaseknow the return policyread the fine print.When a consumer makes a purchase, s/he is required to check the receipt to avoid overbilling or charges from done intentionally or not. Knowing the return policy and reading the fine print would guide you in the use of the product.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Question 2 of 10
Standards of behavior that govern how individuals and companies act are
called
A. morals
B. codes
C. ethics
D. behaviors
Answer:
C.
Explanation:
The term used to define standards of behavior that governs individual's and companies conduct is ethics.
The term ethics is derived from the Greek word ethos, meaning, way of living. Ethics comes under the rubric of philosophy and is related to the subject of human conduct, especially concerning the actions of humans towards the society.
Ethics are those moral principles in which the conduct of companies and human behaviors are anchored.
Therefore, the correct answer is option C.
what is the portion of a market controlled by a particular company or product? Choose the answer.
a) market share
b) market goal
c) sales funnel
d) market budget
Answer:
a) market share
Explanation:
The market share refers to the portion of a market controlled by a particular company or product. It is calculated by dividing the company's sales within a specific market by the total sales within that market. Market share is important for companies because it can help them gauge their relative position in the market, understand their target audience, and make strategic decisions about future growth and development.
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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POST KNOWLEDGE ASSESSMENT
Question 9
Documentation of parental permission for field trips must be maintained for a minimum amount of time
from the date of the planned and unplanned activities. What is the minimum amount of time that these
records must be kept?
6 months
9 months
12 months
15 months
Submit
com cypherwork.com/courses/O/OFFICEEARLYLEARNING PRECAUTIONS IN TRANSPORTING-CHILDREN-V1-6-05242017/7817Bextur 70%7D
the minimum amount of time is 12 months
Milo, the owner, has determined that direct labor is the cost driver for all three categories of cost
Direct labour is the cost driver for all three categories of cost, according to Milo, the owner. True.
There are three different categories of cost factors: fixed costs, unit prices, and volume (Overhead). A common cost driver for assigning indirect expenses to manufacturing process output units is direct labour. Variable expenses This kind of cost fluctuates according to the requirements and use of the firm during the production process.
Fixed expenses Fixed costs are outlays that remain constant regardless of the volume of output. The direct reason of a cost is known as a cost driver, and it has an impact on the overall cost spent. For instance, if you need to figure out how much electricity was used during a specific time.
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Correct Question:
State True or False : Milo, the owner, has determined that direct labor is the cost driver for all three categories of cost.
in a cooperative level, what is the role of the therapist
In a cooperative level of group therapy, the therapist's role is to guide and facilitate the group process, while also actively participating in the group's interactions.
Some important points about this are:
The therapist helps establish a cooperative and supportive environment where group members can work together to achieve common goals. The therapist may offer guidance and feedback to group members, while also encouraging them to support and help each other. The therapist promotes cooperation and collaboration among group members, while also helping them develop effective communication skills.The therapist's role in a cooperative level of group therapy is to actively participate in the group's interactions, modeling positive behavior and helping group members understand the dynamics of their interactions. The therapist may also help the group members develop strategies for resolving conflicts and challenges that arise during the group process.Overall, the therapist's role in a cooperative level of group therapy is to guide and support the group members in achieving their goals, while also fostering a cooperative and collaborative group dynamic.
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Among ________, women and men shop on the Internet with equal frequency, and men tend to spend more per purchase transaction than women.
Answer:
web surfe\fer
Explanation:
gfuess
HOW CAN BUSINESSES INFLUENCE MOTIVATION?
l-----------------------------------------------------------
Answer:
ja. what do you want to ask?
Answer:
Am sorry but there is no question please
When a production process involves several types of labor, weighted rate and efficiency variances are calculated. a. trueb. false
The correct option is a.
When a production process involves several types of labor, the weighted rate and efficiency variances are used to calculate the total labor variance. The weighted rate variance takes into account the different wage rates of the different types of labor, while the efficiency variance measures the difference between the actual and expected labor hours for a given level of output.
These variances help managers understand the sources of labor cost and efficiency differences and can be used to identify areas for improvement in the production process.
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Supply chain management involves the functions of plan - buy - make - deliver. select the best way to describe the decisions made within these four functions.
A. The decisions made in these functions happen sequentially: First the Plan Department makes planning decisions. Then the Buy Department makes purchasing decisions. Then the Make Department makes production decisions. And finally, the Deliver Department makes transportation decisions.
B. The decisions made in these functions are fragmented and separate from one another. Similar to the way concepts were presented in this course, Supply Chain Management is just a bunch of very small decisions that utilize a variety of tools, techniques, and calculations. Independent managers can use any of these tools, techniques, or calculations to make the optimal decision for the business.
C. The decisions made in these functions must be made collaboratively and concurrently (at the same time). Any decision in one area will influence the optimal decision for the other areas. Furthermore, the decisions made in Supply Chain Management must be made with the other functions of the business in mind: Sales, Marketing, Finance and Accounting decisions are also interdependent on the decisions made in Supply Chain Management. When one functional manager would like to change a way that part of the Supply Chain operates, the other functions of Supply Chain will need to coordinate their efforts to support these decisions. The interconnected nature of Supply Chain is one of the features that makes SCM complex - but, for our SCM majors, this is also the feature that makes Supply Chain the most fun. We get to use our creativity to improve the business performance!
D. The decisions made in these functions happen independently. Each of the four functions of Supply Chain makes the best decision for their own part of the Supply Chain and when all the pieces come together, everything works out perfectly.
C. The decisions made in these functions must be made collaboratively and concurrently (at the same time). Any decision in one area will influence the optimal decision for the other areas.
Furthermore, the decisions made in Supply Chain Management must be made with the other functions of the business in mind: Sales, Marketing, Finance and Accounting decisions are also interdependent on the decisions made in Supply Chain Management. When one functional manager would like to change a way that part of the Supply Chain operates, the other functions of Supply Chain will need to coordinate their efforts to support these decisions. The interconnected nature of Supply Chain is one of the features that makes SCM complex - but, for our SCM majors, this is also the feature that makes Supply Chain the most fun. We get to use our creativity to improve the business performance!
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Describe three examples of greenwashing you have seen.
Answer:
I have never seen this sorry
Answer: Hidden Trade-Offs
Misleading Labels
Environmental Imageries
Explanation:
Corey obtained an installment loan of $1,000. The APR is 12%. He must repay the loan in 12 months. How do I find the monthly payment
Answer:
The monthly loan payment will be $ 93.33.
Explanation:
Given that Corey obtained an installment loan of $ 1,000, and the APR is 12%, and I must repay the loan in 12 months, to determine how do I find the monthly payment, the following calculation must be performed:
(1000 x 1.12) / 12 = X
1120/12 = X
93,333 = X
Therefore, the monthly loan payment will be $ 93.33.
The seattle study found that, after implementation of the minimum wage, the average number of hours worked by low-wage workers fell by __________________, while the average wage of these workers rose by ________________. as a result, the average income of low-wage workers ______________ .
The Seattle study found that, after the implementation of the minimum wage, the average number of hours worked by low-wage workers fell by 9%, while the average wage of these workers rose by 3%. As a result, the average income of low-wage workers increased by 2%.
The study, which examined the effects of Seattle's minimum wage increase to $13 per hour in 2016, found that the overall impact on low-wage workers was mixed. While some workers saw an increase in pay due to the minimum wage increase, others saw a decrease in hours worked, which offset the wage gains.
It is important to note that the effects of minimum wage increases can vary depending on a variety of factors, including the size of the increase, the industry and location, and the overall state of the economy. Some studies have shown that minimum wage increases can help reduce poverty and increase worker productivity, while others have suggested that they can lead to job loss and reduced work hours.
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You can start life after high school with a clean slate. How does knowing this affect your perspective of learning about personal finance?.
Strong financial knowledge and decision-making skills help people weigh options and make informed financial decisions, such as when and how to save and spend, comparing costs before making a large purchase, or other long-term goals.
What exactly is personal finance?Personal finance includes money management, saving, and investing. Budgeting, banking, insurance, mortgages, investments, retirement planning, tax planning, and estate planning are all covered. The term is frequently used to refer to the entire industry that provides financial services to individuals and families, as well as financial and investment advice.
Individual goals and desires, as well as a plan to meet those needs within your financial constraints, influence how you approach the items listed above. To make the most of your earnings and savings, you must become financially savvy—this will enable you to distinguish between good and bad advice and make sound financial decisions.
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When might a manager change a principle?
A manager might change a principle when it is no longer feasible or effective for the organization.
What do you mean by principle?
A principle is basically a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning. It is a standard or rule that you use to make decisions about what is right and wrong, and to guide your behavior.
For the given statement, we can take an example of how if a company decides to focus on a new business model, the principles that guide its operations may need to be updated to reflect the new direction. Additionally, if a principle is out of date or no longer applicable, a manager may choose to change it in order to ensure the organization remains competitive.
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100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation:
q 10.12: when will the carrying value of bonds equal the market price?
The carrying value of bonds will equal the market price when the bonds are sold at maturity. When bonds are sold at maturity, the bonds' carrying value and market price will be equal.
Bondholders will receive the principal amount of the bond along with any remaining interest payments due up to the date of maturity. The carrying value of a bond is the bond's face value, minus any unamortized discounts or plus any unamortized premiums.The market value of a bond is the amount that the bond can be sold for in the current market. It is determined by factors such as the bond's creditworthiness, interest rate, and the length of time until maturity. If the market value of a bond is higher than the carrying value, it means that the bond is selling at a premium.
If the market value of a bond is lower than the carrying value, it means that the bond is selling at a discount.
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Seiko’s current salary is $98,500. Her marginal tax rate is 32 percent and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for an Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays only $87,100 per year, but it allows employees to purchase one new car per year at a discount of $17,700. This discount qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply offers her a $12,400 raise. Answer the following questions about this analysis.
a. Assuming it has a 21 percent marginal tax rate, what is the annual after-tax cost to Idaho Office Supply to provide Seiko with the $12,400 increase in salary?
b-1. Financially, which offer is better for Seiko on an after-tax basis?
b-2. By how much is the offer better for Seiko on an after tax basis (Assume that Seiko is going to purchase the new car whether she switches jobs or not.)
c. What before-tax salary would Seiko need to receive from Idaho Office Supply to make her financially indifferent (after taxes) between receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership? (Round your intermediate computations to the nearest dollar amount.)
a) The after-tax cost to Idaho Office Supply to provide Seiko with the $12,400 increase in salary is $14,394.12.
b-1) The value of Annual after-tax salary = $73,171
b-2) The value of the difference is $2161
c) Before Seiko switches jobs, she would need to receive a before-tax salary of $40,352 from Idaho Office
a)Marginal tax rate = 32%
Annual salary increase = $12,400
To calculate the after-tax cost of salary increase by Idaho Office Supply, we need to first calculate the before-tax cost.
Because of the marginal tax rate, the before-tax cost would be higher than $12,400.$12,400 / (1 - 0.32) = $18,235.29
So, the before-tax cost to Idaho Office Supply to provide Seiko with the $12,400 increase in salary is $18,235.29. To calculate the after-tax cost to Idaho Office Supply, multiply the before-tax cost by (1 - 0.21) because Seiko's marginal tax rate is 21%.
b-1)Seiko has two job offers.Job offer 1:Current salary = $98,500
Salary increase offered by Idaho Office Supply = $12,400New salary at Idaho Office Supply = $110,900
Marginal tax rate = 32%
Annual after-tax salary at Idaho Office Supply = (1 - 0.32) x $110,900 = $75,332
Job offer 2:Salary offered by BMW and Porsche dealer = $87,100
Discount on a new car = $17,700
Marginal tax rate = 32%Annual after-tax salary at BMW and Porsche dealer = (1 - 0.32) x $87,100 = $59,188
Annual after-tax cost of car = $17,700 x 0.21 = $3,717
Annual after-tax salary = $59,188 + $17,700 - $3,717 = $73,171
b-2)Financially, the first offer is better for Seiko on an after-tax basis.
The difference is $75,332 - $73,171 = $2,161.
c)Let X be the before-tax salary that Seiko would need to receive from Idaho Office Supply to make her financially indifferent between receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership.
Because Seiko is going to purchase the new car whether she switches jobs or not, she would save $3,717 by accepting the position at the auto dealership.$75,332 = $87,100 + $17,700 - $3,717 + (1 - 0.32) X$75,332 = $100,083 - $3,717 - 0.68 X0.68 X = $27,428X ≈ $40,352
Supply to make her financially indifferent between receiving additional salary from Idaho Office Supply and accepting a position at the auto dealership.
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Which of these would be considered an entrepreneur?
O A. A nurse in a hospital
O B. The owner of a local coffee shop
O C. A school teacher
O D. A public transportation bus driver
Answer:
I think its B
Explanation:
Because you own your own place
The owner of a local coffee shop would be considered an entrepreneur. Hence, option B is correct.
What is meant by entrepreneur?Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and getting the majority of the rewards. Starting a business is a practice of entrepreneurship.
The entrepreneur is generally regarded as an inventor who develops novel ideas for goods, services, companies, and operating procedures. Several well-known businesspeople include Bill Gates, Steve Jobs, Mark Zuckerberg, Pierre Omidyar, Arianna Huffington, and Caterina Fake.
Some kinds of entrepreneur are -
Small Businesses Entrepreneurship.
Scalable Start-up Entrepreneurship.
Social Entrepreneurship.
Large Company Entrepreneurship.
Thus, option B is correct.
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Jennifer Rodriguez plans to attend graduate school in 5 years. She thinks that she will need a total of $32,000 to pay for school, and she wants to save money each month to reach her goal. What type of computation should she use?
Answer:
"Future value of an annuity" is the appropriate solution.
Explanation:
The future amount of an annuity seems to be the interest or price of a collection of additional payments throughout the aggregate beyond a certain point of time, considering a better rate of interest, or dividend yield. The higher the demand, the greater the potential quality of the investment account.I need help on this
Answer: fra
Explanation:
Help please. I will mark you as brainliest !!
What might be an example of corporate social responsibility?
A. Paying corporate taxes
B. Funding water conservation technologies
C. Hiring underage workers
D. Following local ordinances for safety
Explain the importance of office for an organization long answer
Answer:
The answer to this question is given below in this explanation section.
Explanation:
" importance of office for an organization"
An office is the center point of organization.It is a place to perform different activities of a business organization.The office is the brain of the whole organization.The office performs a critical function such as information collection,collection,recording analyzing distribution of information and executive function such as planning,organization,policies formulation,decision making etc.
It is used by management for the purpose of planning,organizing,staffing,directing,and controlling.Office not only keep record of information but also pay the role of reliable channel of communication the information.It is required for smooth functioning of the organization.
Proper organisation facilities the intensive use of human capital.Organization stimulates creativity.By providing well defined areas of work and ensuring delegation of authority,Organization provides sufficient freedom to the managers and encourages their initiative,independent thinking and creativity.