Answer:
Margin of safety in units = 590.9 units (approx. 591 units)
Explanation:
To calculate this, we have to determine the margin of safety in terms of cash/amount, then convert it to units.
The margin of safety in this case is defined as the difference between the selling price and the break even point. It can simply be explained as the profit made on selling a product, gotten after deduction cost of production.
First of all, let us calculate the total cost of production for 1,500 units;
variable cost;
1 unit = $8
∴ 1,500 units = 1500 × 8 = $12,000
Fixed cost = $8,000
Therefore total cost of production = variable cost + fixed cost
= 12,000 + 8,000 = $20,000
Next, let us calculate the selling price;
1 unit = $22
∴1,500 units = 1,500 × 22 = 33,000
safety margin in cash = Selling price - cost price = 33,000 - 20,000
= $13,000
To convert this amount to units, let us find out how many units are sold for $13,000 as follows;
$22 = 1 units
∴ $13,000 units = (1/22) × 13,000 = 590.9 units
Answer:
It includes; Digging deeper into areas of knowledge/expertise and comparison of achievement can help foster,creat or lead to a competitive position/ advantage. Finding out, sourcing and making use of other areas or sources of knowledge and information can keep a company up to date of competitive efforts and leads to an environment for creativity, shows/ create new knowledge within the company thereby finally leading toexisting competitive advantages and going after new ones.Success is a product of failure so therefore, getting the knowledge of failure as part of the innovative process can bring good results.
Meeting goals with all flexibility and sharing of personal stories, sourcing outsiders, proving one’s self wrong will all foster a kind of fear-free searching of new ideas.
Explanation:
For firm generally, crafting, creating or bringing a strategy that gives/yields a competitive advantage over rivals is said to be the most reliable means of achieving above-average profitability and financial performance in any organization. A company can attain and have sustainable competitive advantage if and when the elements of the strategy used by the company give buyers lasting and good impression orreasons to prefer a company's products or services over those of their competitors.
Strategic approaches used by company to build a competitive advantage includes; Focusing on a narrow market environment (niche) within an industry and also creating an advantage based on offering more value for the money e.t.c.
Answer:
B. The cost of the building will include the cost of replacing the roof.
b. encounter—where the newcomer learns what the organization is really like; and
c. change and acquisition—where members master important tasks and roles.
d. This process can be achieved through a variety of processes and tactics.
e. This exercise will challenge your understanding of some of the characteristics of these tactics and processes.
Answer: The correct answers are "a. anticipatory socialization—those activities that take place prior to the first day on the job;", "b. encounter—where the newcomer learns what the organization is really like;" and "c. change and acquisition—where members master important tasks and roles.".
Explanation: The 3 steps or phases of the organizational socialization process are:
1) Anticipatory socialization: those activities that take place prior to the first day on the job;
2) Encounter: where the newcomer learns what the organization is really like;
3) Change and acquisition: where members master important tasks and roles.
Answer:
kjhfdgf
uigykyjgExplanation:
Answer:
The Nature Conservancy is one tool that consumers can use to put their money where their mouth is, but it's not the only one. Internet technology is helping large groups of consumers raise money for causes they support. In this case, Internet technology makes it ____possible_________ that the economic pie will be maximized.
Explanation:
The Nature Conservancy is the management of land and water resources to ensure their conservation. With internet technology, consumer groups can actually raise money to ensure the objectives of the Nature Conservancy are achieved. In this case, Internet Technology is an enabler of Nature Conservation. IT has also enabled many other causes, including Gun Control and Rights Activities.