Thandi owns a Bakery in Cape Town called Special Moments Bakery. She imports special flours from...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Thandi owns a Bakery in Cape Town called Special Moments Bakery. She imports special flours from Brazil. These ingredients are generally grown in the summer and exports take place in autumn. Thandi must therefore buy in bulk and freeze excess stock to ensure supply all year round. Thandi's sales have recently dropped. A customer survey has revealed that customers find the cakes too expensive. Customers have also complained about the payment equipment being too slow. They suggested Thandi include Zapper as a payment option. To address these concerns, She would like to offer a two for one special hoping to attract more customers and will be introducing zapper to 2 facilitate the payment process. Read the scenario above and answer the following: Q.1.1.1 Identify an example of the Ownership gap and explain how Thandi plans on closing this gap. Identify an example of the Time Gap and explain how Thandi plans on closing this gap. Q.1.1.2 Thandi owns a Bakery in Cape Town called Special Moments Bakery. She imports special flours from Brazil. These ingredients are generally grown in the summer and exports take place in autumn. Thandi must therefore buy in bulk and freeze excess stock to ensure supply all year round. Thandi's sales have recently dropped. A customer survey has revealed that customers find the cakes too expensive. Customers have also complained about the payment equipment being too slow. They suggested Thandi include Zapper as a payment option. To address these concerns, She would like to offer a two for one special hoping to attract more customers and will be introducing zapper to 2 facilitate the payment process. Read the scenario above and answer the following: Q.1.1.1 Identify an example of the Ownership gap and explain how Thandi plans on closing this gap. Identify an example of the Time Gap and explain how Thandi plans on closing this gap. Q.1.1.2
Expert Answer:
Answer rating: 100% (QA)
An example of the Ownership gap in the scenario is Thandis inability to control the high cost of her ... View the full answer
Related Book For
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
Posted Date:
Students also viewed these marketing questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Find the inverse function f -1 of function f. Find the range of f and the domain and range of f -1 . 2 S(x) = 2 cos(3x + 2): sxs+ 3
-
Which financial ratios are considered to be efficiency ratios?
-
Explain the balanced scorecard.
-
Oncology Tech is a manufacturer of cancer therapy devices called compensators. CMS was a company that sold cancer treatment planning software for use in purchasing cancer treatment devices. In 2006,...
-
Last year (2013), Richter Condos installed a mechanized elevator for its tenants. The owner of the company, Ron Richter, recently returned from an industry equipment exhibition where he watched a...
-
Artificial Intelligence (AI) has begun to take over many functions in the firm, including pricing, recruitment, talent promotion, advertising, loan issuance, default risk prediction, supply chain and...
-
Cardinal Company is considering a five-year project that would require a $2,975,000 investment in equipment with a useful life of five years and no salvage value . The company's discount rate is 14%....
-
Analyzing threat and hazard information enables the planning team to: A. Identify capabilities needed to manage associated risks. B. Establish triggers for requesting assistance. C. Focus planning...
-
Asset turnover A company reports the following: Sales Average total assets (excluding long-term investments) $1,169,250 779,500 Determine the asset turnover ratio. If required, round your answer to...
-
What role does neurobiology play in elucidating the neural mechanisms underlying effective communication strategies, and how can this knowledge inform communication interventions for individuals with...
-
How are credits distinguished from debits in the journal?
-
Match the example with concept it represents: 1. Mary and Billy are moving away to college and both know in their hearts that they need to end their relationship. They move away with a mutual...
-
Only two adjustments appear in the "Adjustments" column of a worksheet for Wycliff Publications: one to record $840 depreciation of office equipment and the other to record the use of $600 of office...
-
Use RPROP to perform the minimization of 24 x2 + 16x + 12 starting at x= 2.0 with initial step size 1.0. Take a-1.1 and B-0.8. Find minimum of the function and corresponding value of x.
-
Write a function that reads a Float24_t value: Float24_t float24_read(void) A legitimate float24 value string is of the form: "mantissabexponent" where the mantissa (m) and the exponent (e) may have...
-
Indicate the net effect on assets, liabilities, and owners' equity resulting from each of the following transactions: 1. Capital stock was issued for $100,000 cash. 2. Bonds payable of $25,000 were...
-
Determine the amount of total assets, current assets, and noncurrent assets at the end of the period, given the following data: Current liabilities, ending balance Current ratio, ending Owners...
-
Most managers have significant discretion in choosing their accounting policies. The managers of some companies choose sets of policies that are relatively "conservative"; others choose sets that are...
-
What is the half-life of uranium-238?
-
Who discovered that energy and mass are two different forms of the same thing?
-
Is it possible for a hydrogen nucleus to emit an alpha particle? Why? (a) yes, because alpha particles are the simplest form of radiation (b) no, because it would require the nuclear fission of...
Study smarter with the SolutionInn App