Scenario 1.2 Use the following to answer the questions. Paws and Claws Hotel is a full-service pet salon and boarding kennel. Paws and Claws has an interactive website where customers can directly book a grooming appointment, obedience class, or overnight accommodations for their dog or cat. Paws and Claws has several unexpected services, such as a 600-square-foot swimming pool, complete with slide and dog-friendly graduated steps to help them exit the pool. Customers can also drop their dog or cat off each morning for pet day care. Paws and Claws has a pick-up and delivery service, webcams in every kennel so that pet families can view their pets while away, and pet "furniture" so that the cats and dogs can lie on sofas just like at home. Paws and Claws is also open 24 hours a day, 365
days each year so that customers can pick up their pet at any time. The cost for an overnight stay at Paws and Claws averages $50, compared to competing kennels at about $30. The day care costs are $25 for either a dog or cat. The majority of Paws and Claws' competitors don't offer the day care service, and require a two-day minimum for overnight stays. Informal discussions with customers led to the addition of pet day care and 24-hour hours of operation. Previously, Paws and Claws was more interested in competing based on its prices. Refer to Scenario 1.2. The fact that Paws and Claws is open 24 hours each day is part of the _______ marketing mix variable while the swimming pool is part of the _______ variable.
A. product; distribution
B. price; product
C. distribution; promotion
D. distribution; product
E. distribution; environment?
Answer: D
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a. capital budget. b. purchases budget. c. commitments budget. d. treasury budget.
When predicting cost behavior, the volume of production for which the fixed and variable cost relationships are assumed to hold true is called the:
A) true range. B) regression area. C) dependent variable area. D) relevant range.
Which of the following is not a part of the time line of the bargaining (negotiation) process?
A. Exchange proposals B. Rights arbitration in case of impasse C. Conduct benchmarking D. Assign a bargaining team
______ involves the development and calculation of key metrics to evaluate the progress of the organization.
a. Exception management b. Strategy management c. Performance assessment d. Performance control