The characteristics of long - term incentives are, as awarded by Hinkley Corporation, are:
e) Company-wide orientationf) Variable bonusg) Stock-based evaluationh) Cooperative schemesj) Long horizonWhat are long - term incentives ?A long-term incentive plan (LTIP) is a corporate rule that compensates staff for achieving particular objectives that boost shareholder value.
The retirement plan known as a 401(k) is one sort of LTIP. Employees are more likely to stay with a company until retirement if their employer matches a portion of their contributions to the retirement plan.
An further LTIP is stock options. Employees may be permitted to purchase business stock at a reduced price after a predetermined period of employment while the employer covers the remaining balance.
An LTIP will have a long horizon as it goes far into the future. The schemes will be corporative to encourage team work and the criteria will be Stock-based evaluation. The bonus will be variable depending on performance.
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Albert established a qualified tuition program for each of his twins, Kim and Jim. He started each fund with $20,000 when the children were five years old. Albert made no further contributions to his children's plans. Thirteen years later, both children have graduated from high school. Kim's fund has accumulated to $45,000, and Jim's has accumulated to $42,000. Kim decides to attend a state university, which will cost $60,000 for four years (tuition, fees, room and board, and books). Jim decides to going to work instead of going to college. During the current year, $7,500 is used from Kim's plan to pay the cost of her first semester in college. Because Jim is not going to college now or in the future, Albert withdraws the $42,000 plan balance and gives it to Jim to start his new life after high school.
Required:
a. During the period since the plans were established, should Albert or the twins have been including the annual plan earnings in gross income?
b. What are the tax consequences to Kim and Albert of the $7,500 being used for the first semester's higher education costs?
c. Because of her participation in the qualified tuition program, Kim received a 10% reduction in tuition charges; so less than $7,500 was withdrawn from her account. Is either Albert or Kim required to include the value of this discount in gross income?
d. What are the tax consequences to Albert of Jim's qualified tuition program being closed?
Question attached
Answer and Explanation:
1. No. The earnings from the fund would not be included in gross income so long as it is for higher education expenses and has not been withdrawn for any other purpose.
2. There are no tax consequences since the $7500 is used for qualified higher education expenses
3. There are no tax consequences even there was a discountvor reduction in tuition as long as the qualifies tuition program funds was used for higher education expenses
4. If account is closed and for instance there is a refund, there are tax consequences as the excess interest over and above amount contributed must be included in gross income
Consider an expansionary open market operation. Suppose the Federal Reserve buys government securities from the nonbank public.
Suppose that the sellers of government securities deposit the checks drawn on the New York Fed into their bank account. Then, ceteris paribus, bank reserves ? ,currency in circulation ?, and thus the monetary base will ?
Suppose now that the Federal Reserve wants to increase the monetary base by increasing bank reserves only. Which of the following actions enables the Fed to achieve its goal?
1.Require commercial banks to repay discount loans
2. Lend to the non-banking public at the discount window
3.Lend to commercial banks at the discount window
4. Require the non-banking public to repay discount loans
According to the question 3. Lend to commercial banks at the discount window.
What is Window ?Window is an opening in a wall, door, roof, or vehicle that allows the passage of light, sound, and air. Windows are usually glazed or covered in some other transparent or translucent material like a curtain. They are held in place by frames, which are typically made of wood, metal, or plastic. Windows generally allow for ventilation, and often provide a view of the outside. They may be opened to allow for fresh air and light, or closed to keep out inclement weather. Windows are a vital part of the design of any building, providing both form and function.
By lending money to commercial banks at the discount window, the Federal Reserve can increase bank reserves and thus the monetary base. This action does not require the non-banking public to take any action, so it is the most effective way for the Fed to increase the monetary base.
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A customer reward program can be useful because it
Rewards programs are important for brands because they encourage customer loyalty, help track spending patterns, and provide valuable feedback. By offering rewards, brands can foster a sense of community and connection with their customers that goes beyond the simple exchange of goods or services for money
Question 3 of 10 A business would like to increase consumer demand for a product that has not been selling well. According to the law of demand, how could the business accomplish this goal? A. By decreasing the supply of the product B. By increasing the supply of the product C. By selling the product at a lower price D. By selling the product at a higher price SUBMIT It's C
Answer: b
Explanation:
Answer:
The answer is "By selling the product at a lower price"
Explanation:
Just took the test
Ocean Company estimated that April sales would be 150,000 units with an average selling price of $6.00. Actual sales for April were 149,000 units, and average selling price was $6.12. The sales revenue flexible budget variance was: A. $6,120 favorable. B. $17,880 favorable. C. $6,000 unfavorable. D. $17,880 unfavorable.
Answer:
B. $17,880 favorable.
Explanation:
Sales revenue flexible budget variance = (149,000 units × $6.12 per unit) − (149,000 units × $6.00 per unit)
Sales revenue flexible budget variance = $911,880 − $894,000 = $17,880 favorable
Since actual sales were greater than the flexible budget amount, the variance is favorable.
A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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In universal banking model, banks: Select one: a. Have growth of loans portfolio as their main strategy b. Focus on maximizing their net interest margins c. Offer wide range of financial services to their clients d. All choices are correct e. None of the choices is correct
A department begins the month with 100 units at a cost of $7,500 and 25% complete in work in process. An additional 1,000 units are started during the month and additional costs incurred are $12,500. At the end of the month, there are 200 units still in process which are 50% complete. Using FIFO, the ending balance in Work in Process Inventory is _______________ $ (rounded to nearest dollar).
Answer:
$1,282
Explanation:
beginning WIP = 100 units 25% complete, so EUP are 25 units
units started = 1,000
ending WIP = 200 units 50% complete, so EUP are 100 units
the company processed 75 EUP form beginning WIP (100 - 25) + 1,000 units started - 100 EUP in ending WIP (200 - 100), so total equivalent units for the month = 975
cost per EUP = $12,500 / 975 = $12.8205
ending WIP balance = 100 EUP x $12.8205 = $1,282.05 ≈ $1,282
Which of the following is a sign that you have a budget deficit?
When liabilities outweigh assets, imports outweigh exports, or expenses over revenues, a deficit results. The national debt is increased by federal budget deficits. Government spending and tax policies are used by fiscal policy to affect macroeconomic factors such as inflation, employment, and total demand.
What are liabilities?The term "liability" can refer to both being held accountable for something as well as owing someone money or services. A homeowner's tax liability, for instance, may be determined by how much in property taxes he must pay to the city or in income taxes to the federal government. Financial accounting defines liabilities as the obligations a company has to its customers. Money owing to suppliers, or accounts payable, is a typical liability for small firms. On a company's balance sheet, a typical financial statement produced by financial accounting software, you can see liabilities.
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Briefly explain how the demand curve for workers is determined.
Answer:
When the marginal revenue product of labor is graphed, it represents the firm's labor demand curve. The demand curve is downward sloping due to the law of diminishing returns; as more workers are hired, the marginal product of labor begins declining, causing the marginal revenue product of labor to fall as well.
Explanation:
Question 8 of 10
Which of the following features might a kiosk use to engage shoppers?
O A. Several endcaps
OB. A touch screen computer
OC. A billboard
OD. Point-of-sale signs
SUBMIT
Answer:B. A touch screen computer
Explanation:
A screen touch computer might a kiosk use to engage shoppers. Thus, the correct answer is option B.
What is a computer?A computer is a machine that can be programmed to automatically perform sequences of arithmetic or logical operations (computation). Programs are generic sets of operations that modern digital electronic computers can perform. These programmes allow computers to perform a variety of tasks.
A touch screen is a type of electronic display screen that also functions as an input device. A user interacts with a computer, tablet, smartphone, or touch-controlled appliance by tapping pictures, moving elements, or typing words on the screen with hand gestures and fingertip movements.
Therefore, a touch screen computer is useful for kiosk to engage shoppers.
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In what circumstances would a property insurance claim be rejected?
The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.
What are these circumstances?Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:
1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.
2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.
3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.
4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.
5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.
6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.
7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.
It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.
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Benchmark Company is viewed as the best company in Iffy's industry, the company against which all other companies in the industry compare themselves.
Which ONE of the following statements is TRUE?
The following DuPont framework ratios are for Iffy Company and Benchmark Company:
Iffy | Benchmark
Return-on-Sales (5%%) | (7%)
Asset Turnover (2.0) | (1.5)
Assets-to-Equity (2.0) | (2.0)
(B) Iffy | Benchmark Return-on-Sales (5%%) | (7%) is true about Benchmark Company is viewed as the best company in Iffy's industry
what is Benchmark ?Benchmarking is the process of contrasting corporate procedures and performance indicators with industry benchmarks and other businesses' best practices. The three main metrics are quality, time, and cost.
What is a benchmark example?Benchmarks, for instance, could be used to compare the operations of one retail location with those of another location in the same chain. External benchmarking, also known as competitive benchmarking, evaluates a company's performance in relation to that of other businesses.
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jazz Corporation owns 10 percent of the Mitchell Corporation stock. Mitchell distributed a $10,000 dividend to Jazz Corporation. Jazz Corporations taxable income (loss) before the dividend income was ($2,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation
Answer: $2,000
Explanation:
When a corporation owns less than 20% of another corporation, only 50% of the dividend it receives can be used as a deduction.
In this case, Jazz owns less than 10% of Mitchell and so can use 50% of $10,000 as a deduction:
= 50% * 10,000
= $5,000
However, Jazz incurred a loss of $2,000 which means that they will only need to deduct that $2,000 from the allowable $5,000.
Suppose the production function is Q = min {K, 2L}. How much output is produced when 4 units of labor and 9 units of capital are employed?a) 2b) 4c) 8.d) 9
Answer:
poj
Explanation:
uiuy
Compare market entry by a company into an industrialized region such as the EU with market entry into a developing country such as China.. What are the most important factors to consider for each? Provide an example of a company that has had a successful entry into each.
One of the factors that will make it easier to get into a region like EU is that, in general, market entrance is easier and less expensive in emerging countries since the market is less developed and competitive.
It should be noted that China is still considered to be developing when compared to the EU.
China will thus be less expensive to enter for the reasons stated above, as well as the fact that it is often regarded as the world's industrial center.
What is Market Entry?A market entrance strategy is a planned technique of distributing and delivering goods or services to a new target market. It refers to the development, implementation, and management of contracts in a foreign nation in the import and export of services.
One key factor to consider when entering the market in China is the Psychographics (Language, Culture, and socio-political relations with other nations)
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my bunnies Lola (gray and white) and Sylvester (brown)
Answer:
cute
Explanation:
theyre so cute
Answer:
omg your bunnies are SO cute!
Explanation:
:D
Partly as a response to concerns expressed by environmentally conscious consumers, Unilever has introduced its “sustainable Living Brands” of “greener” products. Through product development, sourcing through a sustainability lens and manufacturing efficiencies, opportunities for innovation have opened up for Unilever.
The ‘greener’ product is an example of Unilever’s corporate level strategy for _______ growth.
Select one:
a.
internal
b.
external
c.
responsive
d.
innovative
The ‘greener’ product is an example of Unilever’s corporate-level strategy for innovative growth. Thus, option D is correct.
Unilever has launched its "sustainable Living Brands" of "greener" products, in part in response to concerns voiced by environmentally aware consumers.
Prospects for innovation have arisen for Unilever through product creation, sustainable sourcing, and production efficiency. The 'greener' product is an illustration of Unilever's corporate-level approach to creative expansion. Therefore, it can be concluded that option D is correct.
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Jonathon Maine is the inventory control manager of the Aucetics Company. In 2020, the annual demand for product X was 7500 units, and the order quantity Q was set to be 535 units per order. Jonathon Maine is planning for next year inventory. The annual demand of product X is expected to remain the same (7500 units per year). Utilizing the EOQ model, if Jonathon changes the order quantity Q to 680 units per order, the total annual ordering cost wil:__________
Answer:
decrease
Explanation:
The ordering quantity for the current year is 535 units, this means that the company must make 7,500 / 535 = 14.02 orders.
If the ordering quantity increases to 680, the number of orders will be 7,500/ 680 = 11.03.
Regardless of how much it costs to place an order, the number of orders made is 3 less than in the previous year, therefore, the ordering costs must decrease.
Renee wants to invest in a bond fund. She is a very conservative investor with a high marginal tax rate. Which one of the following types of bond funds might be most suited for her situation?
Renee wants to invest in a bond fund. She is a very conservative investor with a high marginal tax rate. C) High quality municipal type of bond funds might be most suited for her situation.
What is bond fund ?Your funds are combined with those of other investors in a bond fund, often called an income fund. By investing in fixed income assets such as bonds, debentures, fixed deposits, and the like, investors are hoping to create an income stream for themselves.Bond mutual funds are a great way to hold a diversified portfolio of fixed-income securities,
High quality municipal bond funds might be most suited for Renee's situation because they offer several advantages that are particularly attractive for conservative investors with high marginal tax rates.
Firstly, municipal bonds are issued by state and local governments to fund various public projects such as schools, roads, and hospitals. They are considered low-risk investments because they are backed by the taxing authority of the issuing government. Therefore, municipal bond funds tend to have lower levels of risk compared to other types of bond funds.
Secondly, municipal bond funds may offer tax advantages for investors in high tax brackets. The interest earned from municipal bonds is exempt from federal income taxes, and in some cases, from state and local taxes as well. This makes them an attractive option for investors who want to minimize their tax liabilities.
Finally, high-quality municipal bond funds tend to have higher credit ratings compared to other types of bond funds.
The proper question is "Renee wants to invest in a bond fund. She is a very conservative investor with a high marginal tax rate. Which one of the following types of bond funds might be most suited for her situation?
A) high-yield corporate
B) long-term world
C) high quality municipal
D) single-state corporate:
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The amount you pay for an insurance policy; can be paid monthly, quarterly, semi-annually, or annually.
Answer:
Premium
Explanation:
premium is the term used to describe payment made for insurance coverage. Premiums are paid by the policyholder to the insurance company. It is the insurance company that determines how much premiums the insured will be paying. Premiums are paid every end month, bi-weekly, monthly, or yearly as stated in the policy document. In other words, premium is the cost of insurance.
Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.
Answer:
Explanation:
B - It helps to create good study habits.
At the 3 compartment sink the temperature of sanitizer water should be
Answer:
75F-120F (24C-49C)
Explanation:
This range is recommended to ensure effective sanitation.
(C)What roles do social media platforms play in the buying process?
Explanation:
Social Media is a multipurpose platform. Many online sellers use social media, because it transmit there business much faster and reaches more clients. It is useful in the buying process of customers, for it is efficient, faster and easier than going to stores.
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
what is the best way to move up and down on your computer srceen?
Answer:
your scroll wheel or pg up or pg down button
Explanation:
Some advertising campaigns aim to change consumer attitudes about a product. When a firm is trying to change attitudes, advertising campaign objectives are stated in ____ terms. Which of the following is not a public relations tool? a. News release. b. Publicity. c. Free samples d. Press conference e. Feature article Many trade sales promotion methods, such as temporary price reductions, encourage the marketing channel to "overload" the channel with inventory that will not be sold soon. Overloading can increase sales in the short run but hurt sales in the longer term. Which trade sales promotion method can fight channel overloading?
Answer:
Advertising Campaigns
1. When a firm is trying to change attitudes, advertising campaign objectives are stated in ____ terms.
persuasive
2. Not a public relations tool:
e. Feature article
3. The trade sales promotion method that can fight channel overloading is the offer of discounts to retailers, wholesalers, or other business buyers.
Explanation:
Feature articles are in-depth descriptions and analyses of a place, a person, an idea, or an organization. Generally, feature articles concentrate on topical events, people, or issues and are written by experts to provide background information on newsworthy topics with the writer's personal slant or experience.
When a firm is trying to change attitudes, advertising campaign objectives are stated in persuasive terms.
Some advertising campaigns aim to change consumer attitudes about a product. It should be noted that a feature article is not a public relations tool.
In conclusion, the trade sales promotion method that can fight channel overloading is the offer of discounts to retailers, and wholesalers.
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Funds that banks lend to borrowers come from
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Answer:
Explanation:
In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.
The functions will work together to ensure you run a successful sandwich shop:
Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling. Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability. And finally, management ensures that all these features interact efficiently and are on the path to success.Learn more :
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