To answer, "b. offer rebates and incentives for customers who purchase washing machines." Increasing a company's productivity must be strategically planned, ensuring there is demand in line with economic expectations. If a firm expands its capacity without sufficient demand, the outcome can be detrimental, especially during economic downturns. The described firm faces idle capacity and, thus, it is prudent to provide price incentives like discounts to encourage demand for washing machines, allowing the business to maintain operations until the economy rebounds.
Answer:
The true statements regarding the market are:
1) The cupcakes are priced below their equilibrium level. This is evident as excess demand exists, which wouldn't be the case at the equilibrium price.
3) Customers getting cupcakes are those who value them the most, seen through their willingness to queue before the bakery opens.
4) The bakery does not rely solely on price for distributing cupcakes. Timing plays a role; only those who arrive early get them.
Statements (2) and (4) are incorrect because those conditions only hold true at the equilibrium point.
Answer:
Two organizational structures available to the company:
Functional structure: This is the most typical type of organizational structure and may already be in use by company XYY. In this model, employees are arranged into departments based on specific roles or functions.
The essential divisions may comprise a production department, a marketing department, a finance or accounting department, and a sales department.
Flatarchy: This term combines "flat" and "hierarchy" to define a structure that lacks a rigid hierarchy. Instead, it fosters collaboration among employees working together towards shared objectives for a more integrated approach.
