Monopolists face downward sloping demand curves due to the fact they are the only dealer of a unique exact or service and the market demand curve is consequently the monopolist's demand curve.
How lots market strength a firm has is a function of the shape of the demand curve.
Is monopoly demand curve elastic or inelastic?elastic
The monopolist will choose to be on the elastic portion of the demand curve, to the left of the midpoint, the place marginal revenues are positive. The monopolist will keep away from the inelastic element of the demand curve through reducing output until MR is fantastic
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https://brainly.com/question/15695659#SPJ4consider two gas stations. one is located at a major intersection used by people commuting from populous neighborhoods to jobs located in the downtown area. the other is located on the outskirts of the city. both gas stations sell high-grade or premium-grade gas for a higher price than low-grade or regular-grade gas. however, the gas station along the more congested route charges higher gas prices for all grades than the station on the outskirts of town. these gas stations offer product differentiation based on which of the following? check all that apply. location quality style true or false: positive short-run profit can occur as a result of advertising in a monopolistically competitive market. true false
Product differentiation within and among these gas stations is based on which of the following Location and Quality.
In a commercial enterprise, engineering, and production, exceptional – or high great – has a pragmatic interpretation because the non-inferiority or superiority of something (goods or offerings); it is also described as being suitable for the intended reason (health for cause) at the same time as fulfilling consumer expectancies. First-class is a perceptual, conditional, and truly subjective attribute and can be understood otherwise through one-of-a-kind human beings.[1][2] consumers may attention on the specification and first-class of a product/service, or how it compares to the competition in the market. Producers may measure the conformance first-class or the degree to which the product/provider became produced correctly. Assist personnel may also measure satisfaction inside the degree that a product is dependable, maintainable, or sustainable.
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ready-to-eat hot food stored without temperature control must be discarded after how many hours
Hot food can be held without temperature control for up to four hours.
Why temperature is important in food safety?In order to minimize the possibility of harmful levels of germs in the food you sell, you must always make sure that food is properly cooked, cooled, chilled, or reheated. Controlling the temperature of food is highly crucial in ensuring that it is safe to eat.To the specified temperatures and timings, prepare all TCS food.Keep TCS meals hot at 135°F or above.Roasts that have been cooked properly can be kept at 130°F or higher.TCS food must be totally chilled to 41°F or below in 6 hours after being thoroughly cooled from 135°F to 70°F in 2 hours.The thermocouple temperature is measured by the temperature controller, which then compares it to the set point and determines how long the heater should remain constant.
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great outdoors company operates a store in downtown denver that has five departments including a fishing department. if the fishing department is closed, the store manager's position will not be affected, but if the entire store is closed, the manager will be terminated. which of the following lessons should be learned from this example?
The lessons learned from this example is that relevance of costs is context sensitive .
What is relevance?The idea of relevance is that two topics should be related in such a way that it is beneficial to take the second topic into account when taking the first. Numerous disciplines, including cognitive sciences, logic, library and information science, and others, have examined the idea of relevance. However, epistemology is where it is examined most fundamentally (the theory of knowledge). The implications of various theories of knowing for what is deemed pertinent vary, and these fundamental beliefs have repercussions for all other domains as well. The relevance of family interaction studies increases if you think that poor mother-child communication is the root of schizophrenia. The study of genes becomes important if, on the other hand, you accept the genetic explanation of relevance.
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professor tabarrok says that ideas are nonrivalrous, which means?
According to Professor Tabarrok, ideas are Non rivalrous, meaning that the more gains there are, the better. People may be less likely to pay for new ideas if they are used more frequently, which will lessen the incentive to develop them.
What is a good for the public, for instance?
National defense is an example of a public good. Most likely, an economist would argue that tax revenues should be used to pay for U.S. national defense because: The benefits of national defense cannot be denied to those who refuse to contribute to a fund for the purpose.
The theory that developing economies will eventually catch up to more developed economies in terms of per capita income is known as the catch-up effect. It is based on the national investment law of diminishing marginal returns and the empirical observation that growth rates tend to slow as an economy gets older.
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Which of the following is least likely to contribute to going concern value? a. High liquidation value b. Extra earning powerc. Future investment opportunitiesd. Intangible assets
High liquidation value is least likely to contribute to going concern value. Thus, the right option is (a.) High liquidation value.
What is a liquidation value?The liquidation value of a firm's physical assets is the net worth of the assets if the company goes out of business and the assets are sold. The liquidation value is the amount paid for the company's real estate, fixtures, equipment, and inventory. Intangible assets are not included in a corporation's liquidation value.
Intangible assets such as a company's intellectual property, goodwill, and brand recognition are not included in the liquidation valuation. However, if a firm is sold rather than liquidated, the going-concern value is determined by both the liquidation value and the intangible assets. To decide if a company's stock is now a smart buy, value investors look at the gap between its market capitalization and its going-concern value.
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Suppose there are 1,000 businesses that produce widgets. These widgets are all basically the same, performing similar tasks with little-to-no difference in their design or performance. The market for widgets would be classified as what kind of market structure?.
The market for widgets would be classified as the perfect competition kind of market structure.
What is perfect competition?A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in the field of economics, notably general equilibrium theory. It has been shown that in theoretical models with perfect competition, a market will eventually find equilibrium where the supply of all goods and services, including labor, equals the demand for all goods and services at the price in question. It would be Pareto optimal for this equilibrium to exist. The late 19th century's economic philosophy is when the perfect competition hypothesis originated. In addition to deriving some of its key conclusions, Léon Walras provided the first precise definition of perfect competition. By Kenneth Arrow and Gérard Debreu in the 1950s, the idea was further formulated.
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21) warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost is $800,000. the estimated residual value of the building is $50,000 and it has an expected useful life of 25 years.
The book value of the building at the end of 1st year is $6,90,000.
The net difference between a firm's entire assets and liabilities is the book value of that company. Book value represents the total worth of a company's assets that shareholders would receive if the company were to be liquidated.
Warren Company plans to depreciate a new building using the double declining-balance depreciation method its cost is $800,000 and the estimated residual value of the building is $50,000 and it has an expected useful life of 25 years.
We need to find the annual depreciation
annual depreciation= 2*[(original cost - residual value)/estimated life (years)]
=[(800,000-50,000)/25]*2
=$60,000
Book value=$750,000-$60,000=$6,90,000.
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kumi, your coworker, has been working on his taxes for the last two months. if kumi gets a larger-than-average tax return this year, he is likely to believe that it happened because of an
Kumi, your coworker, has been working on his taxes for the last two months. if Kumi gets a larger-than-average tax return this year, he is likely to believe that it happened because of an tax program he used to prepare his taxes.
What is tax return?A tax return is a form submitted to a tax authority that reports income, expenses, and other relevant tax information. Taxpayers can use tax returns to calculate their tax liability, schedule tax payments, and request a refund of overpaid taxes.Tax returns and tax refunds are not the same thing, but they are closely related. For example, the deductions and deductions you claim on your tax return may result in more tax refunds. And if you're in a rush to get your scheduled refund, applying online well in advance of the deadline will speed up the process. A tax refund can arise from a variety of circumstances. However, the most common is when you end up paying more taxes throughout the year than you actually owe. Since the majority of taxpayers are employed, this is what happens when too much is deducted from your paycheck each week.To learn more about tax return from the given link :
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which question should you prepare to answer near the end of an interview? a. do you have any questions of your own? b. what do you require for a salary? c. tell me about a time when you dealt with an ethical dilemma. d. where do you see yourself in five years?
C) You should practice your response to the question "tell me about a moment when you coped with an ethical dilemma" for use near the end of an interview.
What is an ethical conundrum?A problem in choosing between two options where neither is wholly acceptable from an ethical standpoint is known as an ethical dilemma (also known as a moral dilemma, ethical paradox, or moral conundrum). Although we encounter numerous ethical and moral issues throughout our lives, the majority of them have relatively simple fixes.
However, moral quandaries are extremely difficult problems that are impossible to resolve. Finding the best solution in these circumstances is therefore crucial for everyone. Almost every area of a person's life, including social, professional, and personal, has the potential to present an ethical dilemma.
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After one year of operation, jake and rolando learned that several top athletes were driving to a larger town to receive similar services. In order to learn about the potential customers who were going elsewhere for service, jake and rolando proceeded to look online to determine how competitors’ services differed from theirs. They learned that competitors were open longer hours on weekends and even had celebrity endorsements. The new information they gathered and its interpretation was the __________ part of the marketing research process.
The new information they gathered and its interpretation was the analysis part of the marketing research process. Therefore, the correct answer option is: b) analysis.
What is a market research?A market research can be defined as a strategic technique which typically involves a process for the identification, collection (acquisition), and analysis of data (information) about a business organization.
This ultimately implies that, a market research involves the use of different research methods to study, analyze, and understand economic trends and their likely effect on the target market (consumers).
In conclusion, the new information that were gathered and interpreted by Jake and Rolando forms the analysis part of any marketing research process.
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Complete Question:
After one year of operation, Jake and Rolando learned that several top athletes were driving to a larger town to receive similar services. In order to learn about the potential customers who were going elsewhere for service, Jake and Rolando proceeded to look online to determine how competitors’ services differed from theirs. They learned that competitors were open longer hours on weekends and even had celebrity endorsements. The new information they gathered and its interpretation was the __________ part of the marketing research process.
a) data gathering
b) analysis
c) creation of the research questions
d) venture finding
Identify the item below that would be added to the book balance.
A. NSF check
B. Interest earned
C. Bank service charge
D. Outstanding checks
Identify the item below that would be added to the book balance as B. Interest earned.
Personal hobbies are activities loved in someone's unfastened time. They can include interests, sports, creative expression, leisure activities, volunteering, cultural sports, spiritual practices, traditional sports, gaining knowledge of pursuits, and personal improvement.
While you're taking part in an interest, you are actively participating in an activity or sport. Pastimes are often feelings or wanting to study more about topics with the capacity to end up in activities. For instance, in case you're inquisitive about theater, you could once in a while take a look at it and attend distinctive performances.
Taking part in hobbies that we revel in is important to our persistent development because they beautify our pleasant life. Interests offer us with something laugh, interesting and difficult to do in our amusement time and assist provide us an experience of purpose out of doors of work.
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what is financial modeling? what is meant by projection, forecast, pro forma, model, responsible party?
A company's operations in the past, present, and anticipated future are represented in numbers through finance modeling. A financial forecast based on pro-forma balance sheets is known as a pro forma forecast.
Finance is the study and practice of money, money-related instruments, and capital assets. The study of the creation, transfer, and consumption of money, assets, goods, and services is known as economics. The process of raising money or capital for any kind of expenditure is referred to as finance. It involves directing various finance resources—such as credit, loans, and invested capital—to the businesses that can use them most effectively or who are in the greatest need of them. Investing, borrowing, lending, budgeting, saving, and forecasting are all included in the definition of finance, which is the management of financial resources. Any person or organization should consider it to be important. It plays a crucial role in a company because all businesses need to turn a profit in order to stay in operation.
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working through the channel of distribution with promotional efforts is referred to as what promotional strategy?
Push marketing refers to the process of distributing promotional materials through distribution channels.
Explain about the promotional strategy?The plan and strategies you use in your marketing plan to raise demand for your product or service are what constitute a promotion strategy. The target audience is at the center of promotional techniques, which are an essential component of the marketing mix (product, price, placement, and promotion)
The most crucial function of a promotion is to distinguish a company from its rivals. If there was no competition, no business would ever need to conduct any promotions. In order for clients to continue doing business with you, you must stay one step ahead of your rivals.
An effective sales promotion appeals to the needs, values, and emotions of your target audience using imagery, persuasive copy, and logic before presenting them with an incentive to buy your goods or services.
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windy introduces a new compact music player that carries a two-year warranty against manufacturer's defects. based on industry experience with similar product introductions, warranty costs are expected to be approximately 2% of sales. by the end of the first year of selling the product, total sales are $29.2 million, and actual warranty expenditures are $120,000. record the adjusting entry for the remaining expected future warranty costs as of december 31, the end of the reporting period.
The adjusting entry for remaining of expected future warranty costs as of December 31 is $400,000.
What is a warranty?According to contract law, a warranty is a representation that is neither a requirement of the agreement nor an indefinite term; it is a term that "does not go to the terms of the matter" and which only entitles the innocent party to damages if it is breached, that is, if the warranty seems to be false or even the defaulting party fails to perform the agreement in conformance with the warranty's terms. An assurance is not a guarantee. Truly, it's only a promise. In the event that it is broken, a court order for damages may be used to enforce it. A contract's guarantee clause is a clause. Depending on the terms of the contract, a manufacturer's warranty may be applicable to a product.
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Explain the benefits and drawbacks of stock long-term and short-term investment strategies
A benefit of short term stock investment is that the risk of the investment is lower.
A drawback of a short term stock investment is that the returns earned is lower.
A benefit of long term stock investment is that the return is higher
A drawback of a long term stock investment is that the risk is higher.
What are short terms and long term stock investments?A stock investment is when a person purchases shares in a publicly traded company. When a person purchases the shares of a public company, the person becomes a shareholder and earns dividends on investments.
A short term investment is an investment that matures between 1 and 3 years. A short term investment earns a lower return because it would not benefit from the illiquid premium that longer term investments earn.
A long term investment is an investment that matures in periods greater than 3 years. A long term investment earns a higher return because it earns an illiquidity premium. Long term investments are more risky because there is the chance that the company would go bankrupt and not be able to pay shareholders dividends.
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if addison uses the weighted average cost method, what is the inventory balance at the end of september?
Addison, Inc. uses a perpetual inventory system. Below is information about one inventory item for the month of September.
Sep. 1 Inventory . 20 units at $20
4 Sold 10 units
10 Purchased 30 units at $25
17 Sold 20 units
30 Purchased 10 units at $30
If Addison uses the weighted average cost method, The inventory balance at the end of September = $775
What is Inventory ?
Inventory refers to goods and materials that a company holds for resale, production or use.
Warehouse management is a discipline mainly concerned with determining the shape and placement of goods in a warehouse. It must precede regular and planned production and storage of materials in different parts of the factory or in several parts of the service network.
The concept of stocks, inventories or work in progress has been extended from production systems to service companies and projects, generalizing the definition to "every work included in the production process - every work that is or happened before the production process. is completed".
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Which of the following statements is true of a new buy?
a. It is a situation that is less critical and quick.
b. The buyer cannot afford to run out of supply.
c. It is a situation that is more time-consuming than a modified rebuy.
d. It is a situation that requires a change in the original service.
It is a situation that is more time-consuming than a modified rebuy.
A new buy describes a circumstance in which a certain product is purchased for the first time. The firm or brand must do research and analyze the suppliers and marketers in order to select the finest solution to stop time-consuming. A modified time-consuming rebuy would take less time than this procedure (in which a company is buying the same product but is eager to make changes for example packaging or changing supplier).
What Is a Firm?
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, time-consuming a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
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what is the best way to establish desirable team norms? seek input from non-team members. let them develop naturally. define them during the adjourning stage of development. clearly state them when the team is created. select team members with opposing values.
Discussions on norms should involve all members to assist ensure that everyone understands, accepts, and can commit to upholding them. Additionally, it aids in preventing inadvertent negative effects on team members.
What are the team norms?Team norms are standards established by the team for how its members should conduct, interact, and communicate, such as during meetings. They facilitate more effective decision-making, set clear guidelines on how each team member should behave and contribute to the group, and help new team members integrate more smoothly.
Team norms are crucial because they keep everyone on the team aware of the anticipated behavior, avoiding conflicts and misunderstandings in the process. Ask your bosses to have their staff try out this exercise:
Ask each team member to list the reasons why that team was so terrible. Request that each team member share their personal experiences with the others.They can each share their experiences in turn.Learn more about team norms with the help of the given link:
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the adoption of section 402a has changed the area of product liability from no liability to an almost per se standard of liability for defective products. True or False
the adoption of section 402a has changed the area of product liability from no liability to an almost per se standard of liability for defective, the above statement is true.
What is section 402A?A person who sells a product in a defective state that is unreasonably dangerous to the user or consumer or their property shall be liable for any bodily harm caused to the end-user or consumer or their property as a result.This principle states that if the goods sold are unreasonably dangerous or defective, the seller shall be liable for property damage and personal injury caused thereby.There is no obligation to warn against abuse that is so rare and unusual that it is unpredictable. The obligation to warn consumers of potential hazards poses unique challenges for manufacturers who must not only warn, but communicate it in a way that a reasonable person can find and understand.learn more about section 402A refer
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A box-and-lines illustration showing the formal lines of authority and the organizations work specializations is called a ____ chart.
An organization chart is a diagram with boxes and lines that displays the formal chains of command and the different work specialties within an organization.
An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization (Commonwealth English; see spelling variations).
The word comes from the Greek word organon, which also means tool or instrument, musical instrument, and organ.
There are many different legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, among others.
A hybrid organization is one that performs functions for the public good while also conducting the commercial market activity.
An organization made up of volunteers is referred to as a voluntary association. Depending on the jurisdiction, these organizations can be permitted to operate without following any legal requirements.
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it's been a few years since odor-free paint hit the market, and a paint manufacturer estimates the paint to be in the growth stage of its product life cycle. with all the competition in the industry today, the manufacturer should use promotions that persuade buyers of odor-free paint to purchase its brand over all others.
The manufacturer should use promotions that inform buyers about the benefits of odor-free paint and how it compares to other brands. By doing this, the manufacturer can persuade buyers that its brand is the best option available.
Promotions that should be used by an odor-free paint manufacturerOdor-free paint is a type of paint that does not emit any unpleasant smells, making it much more pleasant to work with. This type of paint is still relatively new to the market, but it is quickly gaining popularity due to its many benefits.
One of the biggest advantages of odor-free paint is that it is much safer to use than traditional paint. This is because it does not release any harmful chemicals into the air, making it much less likely to cause respiratory problems.
Additionally, odor-free paint is also much more durable and long-lasting, meaning that it will not need to be replaced as often. This makes it a more cost-effective option in the long run.
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companies that are interested in using celebrity endorsers for their products but are worried about image problems sometimes consider blank athletes that are more low risk. multiple choice question. up and coming professional high school retired
Such companies consider Retired athletes that are at more low risk.
How do celebrity endorsement work ?
In an advertising campaign known as celebrity branding or celebrity endorsement, a well-known person is utilised to raise awareness of a good or service by their social standing in exchange for cash or other considerations. A professional athlete in any sport, such as football or athletics, might suggest a particular line of athletic shoes. The concerned athlete would then show up in commercials for shoe companies. All of their games, including practises and competitions, would be played in the same shoes. Endorsements are a type of advertising that tries to earn the public's trust, respect, or awareness and uses celebrities and prominent figures as spokespersons. Brand ambassadors are people who use their names or images to advertise a good or service.
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A bank loans greg’s ice cream $250,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is.
An asset for the bank and a liability for Greg's Ice Cream. The loan increases the money supply.
Moreover, When this loan is made, the money supply increases. This is how banks create money and increase the money supply. When a bank makes loans from excess reserves, the money supply increases.
The amount of money in the economy and the amount of credit for loans are inextricably linked. A network of banks making loans, people making deposits, and banks making multiple loans creates much of the money in the economy.
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the following is a partially completed lower section of a departmental expense allocation spreadsheet for brickland. it reports the total amounts of direct and indirect expenses for the four departments. purchasing department expenses are allocated to the operating departments on the basis of purchase orders. maintenance department expenses are allocated based on square footage. compute the amount of maintenance department expense to be allocated to assembly.
Service costs are expenses incurred by service departments to support the company's production departments.As a result, production departments bear the cost of the service department.
The response is "d." $20,825.
The process of determining all costs associated with developing, supporting, and delivering your service is known as service costing.Equipment, staff labor, professional fees, software, license fees, and data center charges are just a few examples of service cost components.
What is rent for service costs?
Many tenants have to pay additional expenses in addition to the basic rent that are not covered by the basic rent.Furniture, utilities like gas, water, and electricity, as well as other services, are examples of these costs, which are frequently listed as "service costs."
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you go to the bank and deposit $5,150. you are told that you will receive 1.75% interest. the bank loans out your money to borrowers at a rate of 6.75%. a year later, how much money has the bank made on your money?
It is stated that you will get 1.75% interest. Your funds are loaned by the bank to customers at a rate of 6.75%. A year later, the bank has made 257.50 dollars from your funds.
An interest rate is the percentage of the amount lent, deposited, or borrowed that is due in interest each period. The principal amount, interest rate, frequency of compounding, and length of time the money is lent, deposited, or borrowed determine the total amount of interest on the amount lent or borrowed. Interest is the cost of borrowing money or the fee you charge to lend it. Most frequently, interest is shown as an annual percentage of the loan amount. The interest rate for the loan is denoted by this proportion. The bank or credit union pays you interest when you have deposited in accounts. The financial institution will put those funds to work by lending them to someone else and charging them interest in exchange for those interest payments.
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To better align with agile and devops principles, what type of system should be used for code management?.
Cloud systems should be used for code management to better align with agile and DevOps principles.
By incorporating agile principles and practices, such as increased automation and improved communication between the development and operations teams, DevOps is known to be a technique that is frequently used in software development. It enables teams to create, test, and release software in a timely and reliable manner.
The use of virtualization technology in Agile and DevOps is common, and all components of the enterprise IT environment can be operated using this technology. Therefore, cloud-based systems are the kind of systems that should be used for code management.
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Approximately what percentage training hours are delivered online?
A. 10%
B. 20%
C. 30%
D. 40%
Approximately 30% of training hours are delivered online. Thus, option c) is correct.
What is Training?
Training is the process of imparting knowledge and abilities that pertain to certain practical capabilities, either to oneself or to others. The purpose of training is to increase one's ability, capacity, productivity, and performance. It serves as the foundation of apprenticeship programs and the main source of information in technical institutes. Training may continue past initial competence to retain, upgrade, and update skills throughout the working life, in addition to the basic training necessary for a trade, occupation, or profession. This type of training may be referred to as professional development by people in certain professions and occupations. Developing physical fitness in relation to a particular competence, such as sport, martial arts, military applications, or some other occupations, is sometimes referred to as training.
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The demand curve suggests that an auto manufacturer will sell 20,000 mercedes-benz m-class vehicles when they are priced at $50,800, but when the price is reduced to $45,000, that quantity will increase to 27,000 units. What is the resulting elasticity?.
The resulting price elasticity of demand will be -3.07.
The percentage change in quantity will be:
= (27000 - 20000) / 20000 × 100
= 7000/20000 × 100
= 35%
The percentage change in price will be:
= (45000 - 50800) / 50800 × 100
= -5800/50800 × 100
= -11 417%
Therefore, the elasticity will be:
= 35% / -11.417%
= -3.07.
In conclusion, the price elasticity of demand is -3.07.
elasticity, the potential of a deformed material body to go back to its authentic form and length when the forces causing the deformation are removed. A frame with this ability is said to behave (or respond) elastically. Hooke's regulation. Elasticity refers to a degree of the sensitivity of a variable in accordance with some other variable's exchange. This way, one could measure the change in aggregate product demand with the recognition of rate adjustments. In other words, it's far referred to as elasticity of call for.
the pliancy of a cloth or substance is its capability to return to its original shape, size, and circumstance after it's been stretched. day by day facial physical games helps her to preserve the skin's elasticity.
In metals, the atomic lattice modifications length and form whilst forces are applied (energy is brought to the system). when forces are eliminated, the lattice goes back to the unique lower energy kingdom. For rubbers and other polymers, elasticity is caused by the stretching of polymer chains when forces are carried out.
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one of the most famous examples of a standards war arises from what is known as the war of currents between thomas edison and nikola tesla. edison favored the use of direct current (dc) systems whereas tesla promoted the use of alternating current (ac) systems. each had their own benefits and drawbacks, but both men knew that neither system would be successful unless one format was adopted on a wide scale. using this information, please fill in the payoff matrix. in each label, the number before the comma is edison's payoff and the number after the comma is tesla's payoff.
Starting in the late 1880s, Thomas Edison and Nikola Tesla were embroiled in a battle now known as the War of the Currents. Edison developed direct current -- current that runs continually in a single direction, like in a battery or a fuel cell.
Thomas Alva Edison was an American inventor and businessman. He has developed many devices in fields such as power generation, mass communication, sound recording, and cinema.
One of the most famous and prolific inventors of all time, Thomas his Alba his Edison had a tremendous impact on modern life, inventing such things as the light bulb, the phonograph, and the motion picture camera, as well as the telegraph and the telephone. led to improvements. Thomas Edison is best known for inventing the light bulb.Learn more about Thomas Edison here: https://brainly.com/question/26568016
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computer repair shop had received a number of complaints on the length of time it took to make repairs. the manager responded by increasing the repair staff by 10 percent. complaints on repair time quickly decreased, but then complaints on the cost of repairs suddenly increased. oddly enough, when repair costs were analyzed, the manger found that the average cost of repair had actually decreased relative to what it was before the increase in staff. what are some possible explanations for the complaints, and what actions might the manager contemplate?
The salary component of the cost would have grown as the manager added more workers. The higher repair expenses may have been a result of this. The price of repairs has risen in tandem with the daily increase in repair processes.
What is the manager contemplates?The salary component of the cost would have grown as the manager added more workers. The higher repair expenses may have been a result of this. The price of repairs has risen in tandem with the daily increase in repair processes.If the business could previously repair ten computers per day, but is now able to fix fifteen. The cost of repairing the five cars is consequently added to the overall cost of repairing the computers. It was found that the average cost of the repair had decreased when the cost of the repair was assessed. This shows that the workers' output has increased.ensuring that all products and services are comprehensive solutions to the customer's issue compatible.The client's time should not be wasted; • Providing the consumer with exactly what they wanted.Offer exactly what is required, when and when it is required.Offer exactly what is required, when and when it is required.As a result, the workshop's effectiveness has increased.Following these recommendations will have a positive impact on the company's financial statement and reduce customer concerns.To learn more about Cost of the repair refer to:
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