An essential Lean principle is levelling production, which makes the production process more fluid. It enables production to move materials in response to demand, which will shorten response times to demand fluctuations and upstream schedule variability.
Explain about the level production?Production smoothing, also known as production levelling, is the process by which businesses meet consumer needs while minimizing manufacturing wastes, such as capital expenses, labor costs, and lead times for production.
A production strategy that adjusts the volume of inventory to keep production constant throughout a certain time frame. Plans for level production may be necessary due to facility constraints or to meet seasonal demand. Lean Affiliates defines this.
Pre-production (planning), production (filming), and post-production are the three crucial phases of every film's production (editing, color-grading, and visual effects).
Hence, the number of units to be produced per month would be divide the annual production amount by 12 in level production is true
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massive dynamic computers sources the components for its laptops from various suppliers on the market. the firm pays $100 for processors, $35 for disk drives, $50 for screens, $10 for memory, and $40 for graphics and wireless internet cards. massive dynamic has determined that it would cost $200 per unit to produce all of the necessary components in its in-house manufacturing facility. in this scenario, massive dynamic should
Given that at the moment Gold Leaf spends roughly $235 to source a single unit (processor, disk drives, screens, memory, graphics, and wireless internet cards) various suppliers on the market.
A corporation often owns the whole supply chain when employing a vertical integration strategy (such as sourcing, manufacturing, and various suppliers distributing). The ideal course of action for Gold Leaf in this situation would be vertical integration because it will standardize its sourcing, suppliers, and distributors, lowering the overall costs associated with producing one unit.
The Gold Given that at the moment Gold Leaf spends roughly $235 to source a single unit (processor, disk drives, screens, memory, graphics, and wireless internet cards). Leaf should choose a vertical integration various suppliers plan for better control over its supply chain because producing their own products in-house will directly cut the overall cost by $35 and cost roughly $200 each unit.
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game theory a. is used to measure power b. was the approach taken by marx to analyze the international economy c. can be used to study strategic interactions between actors d. all of the above e. only b and c
Game theory can be used to study strategic interactions between actors.
Give a brief account on the Game Theory.The study of mathematical models of strategic interactions between rational beings is known as game theory. It first focused on two-player zero-sum games, in which each player's gains or losses are precisely balanced by those of the other players. Game theory is a broad word that refers to the study of logical decision-making in humans, animals, and computers in the twenty-first century. It is applicable to a wide range of behavioral relationships.
John von Neumann's proof of the mixed-strategy equilibrium in a two-player zero-sum game marked the beginning of modern game theory. The Brouwer fixed-point theorem on continuous mappings into compact convex sets was employed in Von Neumann's initial demonstration.
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learning curves are a strong competitive weapon, especially in developing group of answer choices a. a pricing strategy b. an advertising campaign c. a long-term customer d. none of the above
Learning curves are a strong competitive weapon, especially in developing group of (a) a Price strategy.
What are Learning Curves?
The relationship between a person's level of competence and their experience is represented graphically by a learning curve. The horizontal axis represents experience, while the vertical axis represents proficiency; hence, the more often a person, group, business, or industry performs a task, the better they perform at it.
What are the different types of learning curve?
1. Diminishing-Returns Learning Curve
2. Increasing-Returns Learning Curve
3. Increasing-Decreasing Return Learning Curve
4. Complex Learning Curve.
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for the year ending december 31, beard clinical supplies co. mistakenly omitted adjusting entries for (1) $7,590 of unearned revenue that was earned, (2) earned revenue that was not billed of $11,990, and (3) accrued wages of $5,450. indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income.
Unearned revenue is the money a company receives from a client or customer but has not yet received the services required to earn it. It is seen as a duty that the corporate entity is required to fulfill.
What exactly is unearned income?
Unearned revenue is money received by a person or business for a good or service that hasn't yet been rendered or supplied. It indicates a debt owing to the client and is listed as a liability on a company's balance sheet.
What exactly is unearned income and when does it happen?
When a business sells a product or service before the client receives it, unearned revenue results. Customers who pay in advance for goods or services frequently enjoy discounts.
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surfshack corp. buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. what type of company is surfshack corp? multiple choice question. service business wholesale merchandiser retail merchandiser manufacturer
Buys surfboards, wetsuits, and surf wax from rip to shreds, inc. for sale to consumers. The type of company is surf shack corp is a retail merchandiser.
Merchandising is any practice that contributes to the sale of products to retail consumers. At the retail level, merchandising refers to the presentation of products that are sold in creative ways that induce customers to purchase more items or products.
Retail store clerks are responsible for ensuring that appropriate quantities of merchandise are available in stores and sold at appropriate prices. Clever planning, careful purchases, and smart advertising campaigns can increase your profits.
Merchandisers keep merchandise on retail shelves and present it appropriately to customers. They also track inventory levels, report problems and shortages to management, and clean up unwanted items for blatant violations of store decor.
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your bagel shop sells bagels for $1.00 each and currently employs 4 bakers. the marginal product of the last worker hired is 12. the current wage is $8. could you increase profits?
Yes you could increase profits by hiring at least one more worker. The extra production that occurs from adding one unit of an input, like labour, to the current combination of productive elements is known as the marginal product of that input.
marginal product The change in output that results from a change in an input per unit while holding all other input components constant is known as the marginal product. Examples include labour, supplies, etc. Given that all other factors remain constant, the marginal product of labour is determined by dividing the change in output by the change in labour.
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a sales contract that requires the seller to send the goods to the buyer but not to a specifically named destination is known as a(n) . group of answer choices
A sales contract that requires the seller to send the goods to the buyer but not to a specifically named destination is known as a shipment contract.
Define a shipment contract.
A shipment contract is a sort of contract that requires the seller of a good to entrust the goods to a carrier or transporter rather than delivering them directly to the customer. A seller commits to deliver products to a customer through a shipment contract, also known as a freight contract or a shipment agreement.
The seller will be responsible for any damage to the transported items up until they arrive at the point of shipping in addition to the "shipment" requirements. To put it another way, a shipment contract is an agreement that is both legally valid and enforceable between a buyer and a seller of goods who is then compelled to ship the products to the buyer.
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which category of funds is used to account for most of the day-to-day public services provided by a government? a. fiduciary type funds b. enterprise type funds c. proprietary type funds d. governmental-type funds
The category of funds used to account for most of the day-to-day public services provided by a government are called governmental-type funds.
What are the types of governmental funds?General Fund
A general fund is the term used to describe the main operating money for the entire government. It functions partly as a catch-all fund for assets that are neither required nor designated to another fund.. For instance, the general fund receives the federal government of the United States' tax revenue.
Funds for Special Revenue
These are used to keep an eye on the revenue restricted to specific uses from specific sources. It is the most frequently tapped fund, and most commonly, parks, schools, and libraries are funded with its help. The public has access to information on how much was spent on the creation or maintenance of these particular sources.
Fund for Debt Service
Long-term debt issued to finance certain government initiatives is repaid using a debt service fund. The principal as well as interest are inclusive.
Fund for Capital Projects
This takes into account the financial resources needed to build significant capital structures or projects. Work on long-lasting infrastructure, like libraries or governmental structures, is frequently included in capital projects.
Contingent Fund
A restricted endowment fund like this one generates and distributes funds to individuals who are eligible to receive them. For instance, the state's distribution of oil money to Alaskan citizens is one of the most well-liked permanent fund disbursements.
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13. if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for july?
The estimated cost if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $ 7 per direct labor-hour is given as $ 198,000 the gross margin is given as $ 462,000
What is the fixed manufacturing overhead?This is the term that is used to refer to the overhead that is incurred based on the fact that the component of the factory overhead is found to be different from the volume that is made from production.
Some of the examples that may lead to this are depreciation, the managers salary, insurance that is made on the facility that is used for production.
How to solve the problemGiven that the fixed cost of manufacturing has been said to be zero. WE would have to solve for the cost of the good as
11000 x $18
= $198000
We can then calculate the gross margin to be
$ 660000 - $ 198000
= $462,000
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
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complete question
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.
a(n) is a specific version of a product, while a(n) is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
product item is a specific version of a product, while product line is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
What is marketing?
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasise in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies. The seller, who is typically a retailer or manufacturer, is responsible for marketing.
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average total cost is increasing whenever a. marginal cost is less than average total cost. b. marginal cost is greater than average total cost. c. marginal cost is increasing. d. total cost is increasing
Average total cost is increasing whenever Marginal cost is greater than average total cost.
The AVC (average variable cost), ATC (average total cost), and MC (marginal cost) all rise in tandem with an increase in the price of the variable input. The relative position and shape of the curves remain unchanged. Only the ATC moves up when the price of the fixed input goes up.Typically, they have a U form. The connection between the ATC and the MC, ATC is dropping whenever MC is less than ATC. ATC is rising whenever MC exceeds ATC.Every time the MC rises, the ATC also does. Models of the VC curve depict it as a horizontal line. MC stands for the variation in total cost related to the manufacturing of another unit TC = FC + VC + MC.Thus the correct option is B.
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Deposits are insured by the federal deposit insurance corporation up to _____________ per depositor.
$250,000 per depositor .
For each account ownership category, the standard insurance amount is $250,000 per depositor, per insured bank.
What is standard insurance amount?While different states require different types of insurance and additional options (such as gap insurance) are available, most basic auto policies include the following: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive, and uninsured/underinsured motorist.The three most important types of insurance are then examined in greater depth: property, liability, and life.Term insurance is the purest and most affordable type of insurance policy that allows you to choose a high life cover for a specific period of time.According to Bankrate's 2022 analysis of average quoted premiums from Quadrant Information Services, the average cost of car insurance is $1,771 per year for full coverage, or about $148 per month. Minimum coverage costs $545 per year on average.
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the bid rate of the nzd is $0.3300 while the ask rate is $0.3350 at capitol federal. the bid rate of the nzd is $.3201 while the ask rate is $.3250 at midwest bank. calculate your profit if you use $1 million and conduct locational arbitrage.
We purchase 1 NZ dollar from bank Y at 0.325$ and sell it to Bank X at 0.33$
NZ dollars that can be bought by 1,000,000$ = 1,000,000/0.325 =3,076,923.077
Profit on 1,000,000$ = 3,076,923.077 *(0.33-0.325) = 15,384.62
Take your gross profit and add any extra earnings, then subtract your expenses. This gives you your internet income — a positive net income is earnings; a negative net income is a loss. Even agencies that have high gross earnings can submit losses if their charges get out of hand.
A P&L statement suggests a business enterprise's sales minus expenses for jogging the enterprise, which includes lease, a fee of products, freight, and payroll. Each entry on a P&L assertion affords perception into the cash glide of the organization and indicates where cash is coming from and the way it is used.
The income margin is a ratio of an organization's earnings (income minus all fees) divided by the aid of its sales. The income margin ratio compares earnings to income and tells you how nicely the organization is dealing with its budget normal. It is always expressed as a percent.
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bruno's lunch counter is expanding and expects operating cash flows of $27,300 a year for 4 years as a result. this expansion requires $65,000 in new fixed assets. these assets will be worthless at the end of the project. in addition, the project requires $4,000 of net working capital throughout the life of the project. what is the net present value of this expansion project at a required rate of return of 14 percent?
The net present value of the expansion project is $2,889.50.
What is the net present value?Net present value is a capital budgeting method that is used to determine the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive net present value value should be undertaken. A project that has negative net present value is not a profitable venture.
Net present value can be calculated using a financial calculator
Cash flow in year 0 = $-65,000
Cash flow in year 1 - 4= $27,300 - $4,000 = $23,300
I = 14 %
NPV = 23,000 / 1.14 + 23,000 / 1.14² + 23.000 / 1.14 + 23,000³ / 1.14^4
NPV = $2,889.50
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which statement accurately depicts the current growth of the global capital market? multiple choice question. it is growing slowly. it continues to decline. it is growing quickly. it has stagnated in the past decade.
The statement that is used to accurately depict the current growth rate of the global capital market is that it is growing quickly.
What is the global capital market?The global market can be described as the market where savings would have to meet with a lot of investments.
This is the market where the capital is the savings that is made by the private individuals. In this market, capital that is gotten is as a result of funds that would have tp come from hedge funds, pension and other forms of people that are seeking for interests.
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larry signs a note payable for $40,000. the principal of the note and interest are due in 2 years, and the note bears interest at 12% compounded annually. what is the total interest that must be repaid at the end of year 2?
Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one.
the total interest that must be repaid at the end of year 2 = $10,176.00
Is compound interest a good thing?Compound interest accelerates the growth of your wealth. It grows a sum of money faster than simple interest because you earn returns on the money you invest as well as returns at the end of each compounding period. This means you won't need to save as much money to achieve your goals!If you're a new investor looking to take advantage of compound interest with as little risk as possible, savings vehicles like CDs and savings accounts are the way to go. CDs are bank-issued instruments that require a minimum deposit and pay interest at regular intervals.Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate multiplied by the number of compound periods multiplied by one. This will give you the total amount of the loan plus compound interest.First, convert R as a percent to r as a decimal
r = R/100
r = 12/100
r = 0.12 rate per year,
Then solve the equation for A
A = P(1 + r/n)^nt
A = 40,000.00(1 + 0.12/1)(1)(2)
A = 40,000.00(1 + 0.12)(2)
A = $50,176.00
P (principal) = $40,000.00
I (interest) = $10,176.00
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an investor wishes to purchase 100 shares of an nyse-listed common stock. the instructions to the registered representative taking the order stipulate that the purchase is to be made as close as possible to the closing price of the stock. shortly after the order is entered, there is a level 3 trading halt. what is the effect of this halt on the investor's order?
The effect is that the order is cancelled.
A trading service will offer pricing data on a securities as a level III quote. The real-time bid price, ask price, quote size, cost and size of the most recent trade, as well as the day's high and low prices, are all included.
Institutions are permitted to send information, execute orders, and enter quotes at Level III. The level III service is only available to registered Nasdaq market makers since it provides a high level of market depth.
Shares of a publicly traded corporation are made available for trading on a stock exchange. A corporation that is listed in the United States has satisfied the Securities and Exchange Commission's (SEC) requirements for offering shares for sale to the general public and has been approved for trading on a market like the New York Stock Exchange.
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fred has heard rumblings from some creditors about forcing friendly foam into bankruptcy before he is ready just so they can get paid more quickly. he asks you whether this is just bluster or an action the creditors can actually take. how should you respond?
Yes, it is true that creditors can file petitions, and these are allowed under bankruptcy chapter. So, what Fred heard is true.
A creditor is an individual or organization that offers other party money to borrow money, often through a loan arrangement or agreement. Creditors are frequently divided into personal and actual categories.
People who lend money to their friends, families, or a business that beneficial for a variety service or supplies to a business or individual but permits a delays and cost overruns may be regarded as private creditors.
Real creditors are bankers or financial businesses with contractual arrangements and loan commitments that grant the lender the power to seize any of the borrower's tangible goods or security if person fails to repay the loan.
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cookies and cream has 41,000 shares outstanding at a market price of $90.38. what will the share price be if the company declares a stock dividend of 20 percent?
$75.32 The stock price is equal to the market price minus the stock dividend, or $90.38 minus 0.20, and the stock price is equal to $75.32.
What are Outstanding Shares?All of a company's stock, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders, is referred to as its "shares outstanding."On an organization's monetary record, exceptional offers are recorded under the heading "Capital Stock."
The company's market capitalization, earnings per share (EPS), and cash flow per share (CFPS) are all calculated using the number of outstanding shares. The number of outstanding shares in a company is not constant and may fluctuate greatly over time.
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When the goal, scope and product domain are not understood by the scrum team, the scrum master should?.
As a mentor and guide, the Scrum Master is assumed to help scrum team to clear doubts and smoothen the effectiveness of the project, when the goal and product domain are not understood by scrum team.
What is the Scrum Master accountable for?
The Scrum Master is accountable for the Scrum Team's effectiveness and progress . They do this by allowing the Scrum Team to improve its practices, within the Scrum framework. Scrum Masters are genuine leaders who serve the Scrum Team and the larger organizations.
What is not responsibility of Scrum Master?The Scrum Master isn't responsible for solving all the teams problems. He needs to promote, support, and directs the Scrum is understood and lived in the organization. Whenever there is any problem that the team are able to solve, the Scrum Master needs to aid the team solving that themselves.
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Answer: facilitate a discussion between the Stakeholders, Product Owner and Developers.
Explanation: not the job to decide for them
for the retail inventory method, normal spoilage of inventory is treated as: multiple choice deducted in the retail column after calculating the cost-to-retail ratio. deducted in the cost column before calculating the cost-to-retail ratio. deducted in the cost column after calculating the cost-to-retail ratio. deducted in the retail column before calculating the cost-to-retail ratio.
The spoilage of inventory is deducted in the retail column after calculating the cost-to-retail ratio.
Inventory spoiling is the term used to describe how products naturally degrade while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically seen as inevitable and expected. Following the determination of the cost-to-retail proportion, spoilage is subtracted from the retail column.
By deducting the period's sales from the items that are currently on the retail market, the retail inventory technique first calculates the quantity of ending inventory at retail. The cost-to-retail ratio is then multiplied by the ending inventory at retail to arrive at the cost. Cost percentages are typically based on partnerships from prior years, which may not accurately represent the relationship at hand. An overestimation of the ending inventory may also result from failing to account for theft or inventory spoilage.
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r. snook had a fee simple estate and sold it to mr. dunn, but kept a life estate based upon his own life and remained in possession. mr. snook then sold his interest to mr. britt and gave possession to mr. britt. when mr. dunn heard of the sale, he demanded possession of the property. who is entitled to possession?
Mr. Britt, is entitled to possess the property or the estate until Mr. Snook dies.
Real estate is any immobile property of this kind that has a stake in a piece of land, a building, or property in general. It also includes the natural resources on the land, such as water, crops, minerals, and minerals. In legal terminology, real refers to real property, which is distinct from personal property, and estate refers to a person's "interest" in that real property. Real estate is distinct from private possessions, which includes things like cars, yachts, jewels, furniture, equipment, and a farm's rolling stock but is not affixed to the land permanently.
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beginning three months from now, you want to be able to withdraw $3,400 each quarter from your bank account to cover college expenses over the next four years. if the account pays .56 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
You need to have in your bank account $607,142.9 to get $3,400 each quarter.
You must consider the fact that multiplying the starting amount by the percentage for computing interest when determining the initial sum of money in your bank.
Interest is calculated as follows: Initial Amount x Interest x Time
The following variables are available.
$3,400 = interest
Initial sum = What we are interested in
Interest = 0.56 percent, or 0.0056 each quarter.
Time = 1 quarter.
$3,400 = Initial amount x 0.0056 x 1
$607,142.9= Initial amount.
Thus, You need to have in your bank account $607,142.9 to get $3,400 each quarter.
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lois is particularly good about keeping the parent organization aware of what is happening in the work group of which she is a part. lois is known as a
Lois is especially good at informing the parent organization about what is going on in the work group of which she is a member. Lois is a type of orbital pseudotumor.
What is parent organization?The part of a charitable organization or sponsor that coordinates, supervises, or exercises control over policy, fund-raising, and expenditures, or assists or advises one or more chapters, branches, or affiliates of a charitable organization or sponsor, is referred to as the parent organization. A holding company is a parent business entity typically a corporation or an LLC that does not manufacture, sell, or conduct any other business operations. As the name implies, its purpose is to own controlling stock or membership interests in other companies. A parent company is one that owns more than 50% of another company's outstanding voting shares.To learn more about parent organization, refer to:
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xyz company is paying a 25% stock dividend to its common stockholders. if an investor owns 100 shares at $120.00 before the stock dividend, how many shares will the investor own and at what price per share after the dividend is paid?
125 shares for 96 dollars.
How do dividends from stocks appear in a journal entry?
Cash Dividends Payable (a liability account) and Retained Earnings (a stockholders' equity account) are both debited and credited in the journal entry for the declaration of the cash dividends.
What is a dividend on stock of 10%?
Each shareholder will receive an additional share of stock for each ten shares held if the board of directors approves a 10% stock dividend. The corporation will not benefit from the stock dividend, so the value of each share should decrease because each shareholder will receive additional shares.
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the total cost of 4800 pounds of the metal now held in inbentory is 310000 the total selling price is 862000 and the estimated costs of disposal are 13800 at what amount should the inventory of 4800 pounds be reported in the balance sheet
The balance sheet amounts are $862000, $310000, $13800, and $23400.
What is total selling price?The selling price is the amount paid by a buyer for a product or service. It varies according to how much the buyer is willing to pay, how much the seller is willing to accept, and how competitive the price is in comparison to other businesses in the market.
The formula for calculating the selling price per unit To calculate the price per unit from an income statement, divide sales by the number of units or quantity sold. For example, assuming annual sales of $80,000 and 2,000 units sold, the price per unit is $40. (80,000 divided by 2,000).
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while the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. what does this imply?
While the industry for 5g compatible devices is in the introduction stage, the industry for 3g compatible devices are in the maturity stage. It implies that the market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
The market for 3G-capable gadgets has achieved its maximum size, whilst the market for 5G-capable gadgets is still rather modest. The fourth stage of an industry's life cycle is when the industry structure changes into an oligopoly with a small number of dominant companies. Since the market has grown to its maximum size, future industry demand is probably going to be nil or perhaps negative. However, the initial market size is extremely tiny at this point.
The phrase "industry life cycle" refers to the four stages through which an industry or business grows. Each stage is characterized by certain commercial characteristics. The four stages of an industry's life cycle are introduction, growth, maturity, and decline. Industries are founded when new products are developed, but it is unclear how big the market will be, what the products will look like, and who the main competitors will be.
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which of the following creates standards for insurance companies and facilitates cooperation among state insurance agencies? the national association of insurance commissioners (naic) the insurance regulatory information system (iris) the national association of professional insurance agents (napia) the national association of insurance and financial advisors (naifa)
The NAIC supports insurance regulators and creates standards and best practices for the American insurance business. Additionally, it gives customers resources and information.
What is mean by NAIC?The 50 states, the District of Columbia, and five U.S. territories' top insurance regulators founded and run the nation's standard-setting and regulatory support group known as the National Association of Insurance Commissioners.Each individual underwriting company is given an NAIC number by the National Association of Insurance Commissioners (NAIC). The NAIC numbers connected to our member firms are listed below. On ID cards for current policyholders, the NAIC number is also listed as "Company Number."The NAIC supports insurance regulators and creates standards and best practices for the American insurance business. Additionally, it gives customers resources and information.To learn more about NAIC refer to:
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the marketing department at kroger is using software to measure and interpret the effectiveness of a new promotional campaign it launched on sustainable seafood. it wants to evaluate the return on investment of the campaign and make changes to the campaign if needed. which tool is kroger most likely using?
The marketing decision support system tool is Kroger's most likely used.
A marketing decision support system, regularly abbreviated as MKDSS, is a gadget that facilitates you to attain a decision primarily based in your organization's advertising goals.
Advertising and marketing are complex, so anything which could streamline your efforts and provide you with an assisting hand is worthy of consideration.
Using this approach, it's far possible to predict with a high-quality deal of reliability what would appear if a selected situation has been chosen and pursued.
One main advantage of a marketing choice aid gadget is the ability to mission the outcomes of diverse situations earlier than making a real investment.
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after she was married, sherri mitchell, a young woman 17 years of age, was in an automobile accident in which she was hurt enough to require medical treatment. she was later approached by an insurance agent who offered her $2,500 as a settlement. all she had to do was sign a release that would absolve the insurance company of any complaint that she might have against it in regard to the accident. she agreed to accept the $2,500 and signed a release to that effect; however, she then changed her mind and decided to void the agreement. she argued that since she was 17 at the time she signed the release, she was a minor and could therefore void the contract. is mitchell correct? explain.
A contract that is void indicates that the parties cannot rely on it. Void contracts are handled as if they don't exist, according to the law.
If one of the parties performs behaviors that are forbidden or illegal, the contract is void and cannot be enforced.
Sherri was not competent enough to have signed a contract release if the law deems her to be a juvenile at the age of 17.
What does "void" signify in relation to contracts?
A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract. 1. Although both contracts may be voided for related reasons, a void contract differs from a voidable contract. If a contract cannot be enforced as written, it may be ruled invalid.
What distinguishes a void contract from a void agreement?
A contract that is null and void from the beginning, or at the moment it was made, is null and void. A contract that was valid when it was made but is now void because of unanticipated events is called a void contract. It does not give rise to any legal obligations for the parties and is not enforceable.
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