Answer:
A. Customers play important productive roles especially in the creation and delivery of some repeatable services. The roles a customer plays "as a productive resource for the firm" include:
1. The customers act as some partial employees in enhancing the productivity of the firm.
2. The customers contribute to the organization by supplying their valuable time, effort, ideas, and other resources.
3. Without customers playing productive roles, some services cannot be provided to them. Sometimes, the customers actively serve themselves. A typical example is at restaurants and other self-service firms.
4. Customers suggest valuable solutions to resolve some product and service problems.
B. At shopping malls, and even calling for the services of a plumber or electrician,the customer serves in many ways. She pushes the trolley around to pick the goods she requires and afterward, pushes them to the cashier for payment. She helps the plumber or electrician with repair materials or make suggestions on how to solve repair problems.
C. The customer sometimes feel that the plumber or electrician would mess up the repairs without their thoughtful input.
D. Some firms help the customer to perform this role as "a productive resource" when they provide serviceable trolleys for shopping or when they send in some respectful and competent repair people, who dress decently without oozing some offending odor.
Explanation:
It is only some discourteous firms that do not recognize that their customers play an important role as a productive resource. For some service organizations, their services cannot be consummated without the active participation of the customer. It is, therefore, imperative that firms help their customers to perform this role effectively and efficiently.
The customer can act as a productive resource for a firm through co-creation of value. This involves a customer actively participating through offering ideas, suggestions, and feedback, or even taking part in the production process. An example is participating in a customer survey for a restaurant, where the feedback provided helps shape the restaurant’s services and offerings.
In the context of a business, a customer can also act as a productive resource. This is often referred to as co-creation of value. It means that a customer could directly or indirectly be involved in the production process of the goods or services that they consume. This involvement could come in the form of ideas, suggestions, feedbacks, or active participation in the production process.
For instance, let’s say I once participated in a customer survey for a restaurant where I frequently dine. My feedback about their menu, services, and ambience shaped their decision-making process to some extent. This made me feel valued and part of the restaurant's growth and improvement, which is a positive feeling. The restaurant helped me to perform my role effectively by encouraging feedback, implementing suggestions, and communicating subsequent changes. This reciprocal relationship benefited both me as a customer and the restaurant as a business.
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Desired inventory (units), August 31 9,000
Expected sales volume (units), August 75,000
For each unit produced, the direct materials requirements are as follows:
Material A ($5 per lb.) 3.0 lbs.
Material B ($18 per lb.) 0.5 lb.
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is ______.
a.$1,170,000 for A; $702,000 for B
b.$1,080,000 for A; $1,296,000 for B
c.$1,080,000 for A; $648,000 for B
d.$1,125,000 for A; $675,000 for B
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
c. stay the same.
d. slowly increase.
Answer:
b. go down.
Explanation:
The Formula for Required rate of return Ke = Dividend (D1) / Price. So, increase in price which is denominator will leads to decrease in the required rate of return. Hence, In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will Go down
Answer:
1)They would prefer to make shorts as contribution margin per unit is higher for shorts
Explanation:
Step 1. Given information.
Step 2. Formulas needed to solve the exercise
Contribution margin = sales price - variable cost
Step 3. Calculation.
Contribution margin shirts = 24 - 10 = 14
Contribution margin shorts = 32 - 17 = 15
Step 4. Solution.
Answer: (D) Research and development
Explanation:
In the product synergy system, the each column representing about the opportunity for the efficiency in the research and the development.
The product synergy is one of the concept that helps in explain about the holistic view of an organization where the various types of material and also the energy are get exchange from one unit to another.
The research and the development plays an important role in the industry as it helps in introducing the new innovated products and the services in the market and maintaining the organizational productivity and the bottom line.
Therefore, Option (D) is correct answer.
Answer:
135,000 transferred out under Weighted average method
Explanation:
W/A method:
equivalent units materials 10,000 + 2,000 = 12,000 units at 100%
material cost: 690,000 + 30,000 = 720,000
720,000 / 12,000 = 60
equivalent units conversion 10,000 + 500 = 10,500
conversion cost 22,500 + 765,000 = 787,500
787,500 / 10,500 = 75
75 + 60 = 135 cost per unit
10,000 x 135 = 135,000 transferred out