According to the text, which of the following is true?
A. Zara's competitive advantage comes from its stylish fashion design.
B. Zara's supply chain management processes are combined with a strategy of limited availability of its merchandise.
C. Zara's approach to the fashion industry allows it to follow industry standards on dimensions such as customer satisfaction and order fulfillment.
D. Zara's competitive advantage comes from employing mass customization in its production systems.
Answer: B
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Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 43,000 units per month is as follows: Per UnitDirect materials$44.10?Direct labor$8.40?Variable manufacturing overhead$1.40?Fixed manufacturing overhead$17.90?Variable selling & administrative expense$2.40?Fixed selling & administrative expense$11.00?The normal selling price of the product is $92.10 per unit.An order has been received from an overseas customer for 2300 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.50 less per unit on this order than on normal sales.Direct
labor is a variable cost in this company.Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $79.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be: A. $56,580 B. $(13,340) C. $15,410 D. $(27,000)
Mrs. Smith is moving out of her personal residence to a smaller apartment. Because of this, she
wishes to sell her piano. George inspects her piano and decides to buy it. Mrs. Smith receives her money and tells George he can take the piano right now. George says he needs to borrow his friend's truck before he can remove the piano. That night, the piano is destroyed by fire. George sues to recover his money. Which best describes this situation? A) Mrs. Smith wins. The risk of loss passed to George when Mrs. Smith said he could take the piano. B) George wins. The risk of loss does not pass until George receives a negotiable warehouse receipt. C) Mrs. Smith wins. The risk of loss passed to George as soon as the contract was made. D) George wins. The risk of loss does not pass until George takes delivery of the piano.
"The amounts obtained for cost of goods sold and ending merchandise inventory are always the same for FIFO perpetual and FIFO periodic." Is this statement true? Why or why not?
What will be an ideal response
Empowerment is when ________ are authorized to make decisions to help their customers and, as a result, service quality generally improves.
A. corporate executives B. production control managers C. frontline employees D. middle managers E. consultants