Answer:
Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.
This statement is true
Explanation:
Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.
<h2>The given statement is true.</h2>
Explanation:
Let us understand the term, "Global Company".
Any company which is known for its business world-wide is termed as "Global company".
The given statement in the question is true. Yes a global company can achieve everything listed.
Since the company is efficient, they can start business all over the world.
Definitely the can span across the world, only by first satisfying the need of the nation.
Surely they will be known for innovation, because the 21st century needs innovation and a company can be popular only if it shows innovating ability.
All the given achievement is possible to get fulfilled.
Answer:
The correct answer is b.setting equipment utilization goals below industry average.
Explanation:
A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.
If a firm wants to achieve competitive advantage it can achieve it by;
Addressing its customers concerns and customizes the products according to their needs.
Providing customers their ordered products earlier than other companies lead time, which means increase in speed of delivery and shortens the delivery time.
Bring improvement and advancements in its products by using new technology.
Maintain a variety of different product options to cater the needs of its various customers. Offering them a wide range of products will probably reduce chances of customer switch.
Answer:
the absolute value is -0.33 and it is inelastic
Explanation:
The computation is shown below:
The Absolute value of Price Elasticity of Demand (PED) is
= Percentage Change in Quantity Demanded ÷ Percentage Change in Price
= 0.05 ÷ (-0.15)
= -0.33
Since the price elasticity of demand is less than one so here there is an inelastic demand
Therefore the absolute value is -0.33 and it is inelastic
183 miles long 23 miles wide