Business, 02.03.2021 07:50, thutch1950oww9q0
2. Imagine you manage a bookstore. The store sells both fiction and nonfiction titles, but because your store is located in a beachside town, it has a very large selection of beach and sea-themed books. For instance, it carries a number of nonfiction books on fishing, surfing, and sailing and a number of fiction books where the setting takes place at the beach or at sea.
Back when the store first opened in 1980, the owners set everything up to be tracked and managed by pen and paper. But now, you've just set up a new system that will track everything electronically. Employees will no longer have to write out receipts by hand, nor will you have to track inventory or finances with paper. Furthermore, you now have a business website and hope to start selling e-readers in the near future.
a) How does specialization play a role at the bookstore? (5 points)
b) How will the new system of tracking sales and inventory electronically likely increase the bookstore's competitiveness and productivity? (5 points)
c) In what ways could you use technology to increase the number of customers who visit your store? (5 points)
d) What additional technologies might you be able to add to the bookstore to improve productivity and competitiveness? Consider the role of customers and employees in this answer. (5 points)
Answers: 3
Business, 21.06.2019 17:50, jonthedon62
Identify which of the twelve basic functions listed below fit the description given.
Answers: 1
Business, 22.06.2019 08:00, sanociahnoel
At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i. e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.
Answers: 1
Business, 22.06.2019 20:00, samanthasheets8925
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
Answers: 3
2. Imagine you manage a bookstore. The store sells both fiction and nonfiction titles, but because y...
Engineering, 26.03.2020 21:09
Geography, 26.03.2020 21:09
Mathematics, 26.03.2020 21:09