Answer:
Brand
Explanation:
Brand is the marketing strategy that makes the distinct product of the company from the other company dealing in the same type of products.
It could be name, term, sign, symbol, design, etc so that an individual can make a difference and interpret that this product is of which company.
Most people are brandholic they purchase the product from their particular brands.
The motive of the brand is to know the company products either by worth of mouth or by their distinctive features.
Losing a customer once means losing the entire stream of possible purchases that the customer would make over an extended period of patronage." The above statement specifically indicates loss in terms of _____
a. customer-perceived value
b. marketing offerings
c. partner relationship management
d. customer lifetime value
e. value proposition
Answer: (D) Customer lifetime value
Explanation:
The customer lifetime value is the term, which refers to the overall profit of an organization and this type of method also helps in estimating the customer monetary in the business.
The customer lifetime value is basically using the predictive analytical method for analyzing the relationship with the consumers.
The customer lifetime value is refers to the metric of net profit in an organization and it also helps in making various types of decision in an organization in terms of development, marketing and the customer support.
Therefore, Option (D) is correct answer.
Especially when compared with the environmental forces, the elements of the marketing mix can be viewed as ________ factors impacting the organization.
Answer: Controllable factors
Explanation:
The controllable factors is basically known as the marketing mix factors which include various types of organizational factors such as price, product and the promotion.
It is of the type of business environment that helps in developing the various types of relationship and also maintain all the marketing transaction in an organization.
According to the given question, the different types of elements of marketing mix are viewed as the controllable factors that has huge impact in an organization.
Therefore, Controllable factors is the correct answer.
Ben is a self-employed accountant who works overtime during the first two weeks of April to finish his clients' tax forms before the filing deadline. During this time, Ben is most likely to show a(n)__________.
Answer:
Elevated blood cholesterol level.
Explanation:
Ben is more likely to show a elevated blood cholesterol level, as his overwork regime most often causes a sedentary lifestyle and poor diet.
Cholesterol is a lipid found naturally in the human body and is responsible for being the structural component of membranes throughout the body, it is used to produce vitamin D, hormones and bile acids for the digestion of fat. The liver makes 70% of cholesterol and the other 30% comes from the diet.
When it is above the recommended level, cholesterol can accumulate on the walls of the arteries and cause various heart diseases, such as angina, heart attack and stroke.
Therefore, to maintain blood cholesterol levels, it is necessary to adopt a healthy and balanced diet, in addition to the practice of physical exercises.
If overhead is applied to individual jobs at a rate of 60% of direct labor costs incurred per job, and $40,000 in materials were used and $15,000 of direct labor was required - what was the overhead costs charged to the job?
Answer:
Overhead charged = $9,000
Explanation:
Overhead cost = 60% x $15,000
=$9,000
Hence, the overhead costs charged to the job = $9,000.
Overhead costs refer to those expenses associated with running a business that can't be linked directly to a particular product or service.
Hence, this is always apportioned to different products and services using a fair basis that represents how the costs have been consumed or utilized.
Final answer:
The overhead costs charged to the job were $9,000, calculated by applying the 60% overhead rate to the $15,000 direct labor costs.
Explanation:
To calculate the overhead costs that is being charged to the job, you need to apply the given overhead rate to the direct labor costs. The overhead rate is given as 60% of the direct labor costs. Since the direct labor costs for the job were $15,000, you would calculate the overhead as follows:
Overhead costs = Overhead rate x Direct labor costs
Overhead costs = 0.60 x $15,000
Overhead costs = $9,000
Therefore, the overhead costs charged to the job were $9,000.
Keniey, a company that manufactures and supplies home appliances, launches a fully automatic advanced food processor that performs the functions of slicing, chopping, grinding, shredding, grating, pureeing, kneading, mixing, and blending. The product is priced lower than semi-automatic food processors sold by other brands. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) Change intervention
B) Unfreezing
C) Incremental change
D) Refreezing
Answer:
C. Incremental Change
Explanation:
Incremental change is an innovation technique that focuses on making small-scale adjustments or improvements with a specific target or result in mind. The strategy focuses on changes that do not have a very significant effect on existing products, because of this innovation is guaranteed by current production methods are not radically altered and can still be used.
Incremental change based innovation would have more likelihood to succeed and be adopted than a radically new product that is very different from what consumers are used to. Keniey has introduced an innovation but by using incremental change, the users are still familiar with the functions and as such are encouraged to patronise.
As time goes on, Keniey will introduce more changes, one at a time until completely new food processor can be fully put in the market.
A single database that collects data and feeds it into applications that support each of the company's business activities, such as purchases, production, distribution, and sales.a) trueb) false
Answer:
a) true
Explanation:
The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc
The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.
An economy is operating at full employment, and then workers in the bread industry are laid off, but not hired by the wine industry. This change is portrayed in the movement from:
Answer:
D) C to F
Explanation:
In points A, B, C and D, the economy is at full employment. Some workers produce wine, others bread. Points F and G represent a situation where the economy has different unemployment levels. While point E shows an economy producing over its full employment potential. Full employment in an economy is reached when the unemployment level is between 4-5% approximately, frictional unemployment always exists.
Since the question states that the economy was at full employment, but then unemployment increased, the initial point must be A, B, C or D, and the ending point must be F or G. The only option that fits is D, point C to F.
Lucia, an electronics assembler at Universal Industries Factory, is sexually propositioned by Mark, who is the head of the quality control department. Upon Lucia's refusal, Mark starts finding fault with the quality of her work, and she is eventually demoted. Lucia believes that if she complains against Mark to the company's management, no action will be taken against him because of his reputation with senior management. Though Universal Industries has a sexual harassment policy in place, Lucia does not use it. Instead, she files a complaint with the Equal Employment Opportunity Commission (EEOC). Which of the following holds true inthis case?A. Universal Industries will be liable to Lucia for quid pro quo sexual harassment for theacts of its supervisor Mark.B. Universal Industries will not be liable to Lucia for quid pro quo sexual harassment because Mark is only a supervisor and not the owner.C. Universal Industries will be liable to Lucia for quid pro quo sexual harassment only if it knew about Mark's actions and failed to take any action against him.D. Universal Industries will not be liable to Lucia because she failed to use the company's sexual harassment policy.
Answer:
A) Universal Industries will be liable to Lucia for quid pro quo sexual harassment for the acts of its supervisor Mark.
Explanation:
The Equal Employment Opportunity Commission (EEOC) states that there are two types of workplace sexual harassment:
Quid pro quo sexual harassment happens when a manager or supervisor explicitly requires some type of sexual contact from an employee or applicant. Hostile work environment sexual harassment refers to unwelcome advances, gender-related language or jokes, sexual innuendos, etc., not explicit sexual solicitations.How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money? Provide an example using a ""seen"" and ""unseen"" cost to prove your answer.
Answer:
Unseen costs might affect government or private companies/ people because these costs are difficult to identify and might be under your budget.
Explanation:
Unseen costs may affect your business company or even governments because they hidden. Seen costs are the ones you take into account in your badger and you are able to plan, include and easily detect. One example of an unseen cost can be the maintenance of an specific equipment or device which you were not expecting. There is complicated to foresee these costs so you can add an extra percentage to your original budget.
Name the three general methods of title assurance and briefly describe each. Which would you recommend to a friend purchasing a home? Why?
Answer:
The three general methods of title assurance are as follow:
General Warranty Deed: In this method, the grantor warrants that the title he/she conveys to the property is free and clear of all encumbrances, besides those ones which are specifically listed in the deed.Special Warranty Deed: This method makes the same warranties as a general warranty deed except that it limits their application to defects and encumbrances which occurred only while the grantor held title to the property.Quitclaim Deed: This method offers the grantee the least protection in that it simply conveys to the grantee whatever rights, interests, and title that the grantor may have in the property. No warranties are made about the nature of these rights and interests or of the quality of the grantor's title to the property. Recommendation: I'll recommend the General Warranty Deed, because it offers the most comprehensive warranties about the quality of the title.The three general methods of title assurance are title search, title insurance, and attorney's opinion of title. I recommend title insurance because it protects against future legal claims and title issues. This method provides the most comprehensive protection for a homebuyer.
The three general methods of title assurance are:
Title Search: A thorough search of public records to ensure that the property title is clear of any liens, encumbrances, or legal issues that could affect ownership.Title Insurance: An insurance policy that protects against future claims or legal encumbrances discovered after the property has been purchased.Attorney's Opinion of Title: A legal opinion provided by an attorney confirming the status of the property title based on a review of public records.I would recommend title insurance to a friend purchasing a home because it offers protection against potential future issues and claims related to the property title, ensuring peace of mind.
Select the four common tools managers use to analyze competitive intelligence and develop competitive advantages. a. The three generic strategies b. Value chain analysis c. Customer loyalty analysis d. Competitive chain strategies e. SWOT Analysis f. Porter's Vision Strategy g. The Five Forces Model
Answer:
The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:
a. The three generic strategies
b. Value chain analysis
e. SWOT Analysis
g. The Five Forces Model
Explanation:
The four common tools managers use to analyze competitive intelligence and develop competitive advantages are:
a. The three generic strategies: The generic strategies according to Porter are:
- Cost leadership: This is when the firm chooses to fight the competition by producing at a lower cost
- Differentiation: This is when the firm chooses to combat the competition by producing unique products of higher quality.
- Focus - This is when the firm is focusing on one or a few segments (rather than all) to compete either by cost reduction (cost focus) or by providing unique products (differentiation focus).
b. Value Chain Analysis: This is a strategic attempt to gain competitive advantage via analysis of internal firm activities in the bid to recognize the 'most valuable activities' in respect to which generic strategy it is pursuing (i.e. which activities are the source(s) of cost or differentiation advantage)
e. SWOT Analysis: This strategic tool for competitive analysis looks at both internal (within the company) and external factors (The business environment). The S stands for strength, which looks at the internal operational strengths of the company in comparison to its competitors. W stands for weakness, which looks at the operational lapses of the company. O stands for opportunities in the external business environment; and T stands for Threats which looks at the external factors that will affect the company.
g. The Five Forces Model: This is a strategic model that is used for the identification and analysis of the structure, strength and weaknesses of an industry.
Porter's five forces includes the following:
1. Competition in the industry
2. Potential of new entrants into the industry
3. Power of suppliers
4. Power of customers
5. Threat of substitute products
The Managers use this model to understand the competitive landscape and develop strategies to position their company favorably within it the other options listed (a, d, and f) are not common tools for analyzing competitive intelligence, or they are not as widely recognized or utilized as the four tools mentioned above.
The four common tools that managers use to analyze competitive intelligence and develop competitive advantages are:
b. **Value Chain Analysis:** Value chain analysis involves breaking down a company's operations into various activities and processes, both primary and support, to identify areas where value can be added or costs can be reduced.
By understanding the value chain, managers can make informed decisions on how to optimize their business processes and create a competitive edge.
c. **Customer Loyalty Analysis:** Customer loyalty analysis focuses on understanding and measuring customer satisfaction and loyalty. Managers use this tool to gather data on customer preferences, behavior, and feedback.
By enhancing customer loyalty, companies can retain existing customers, reduce churn, and gain a competitive advantage in the market.
e. **SWOT Analysis:** SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
It is a framework that helps managers assess their company's internal strengths and weaknesses and external opportunities and threats.
By identifying these factors, managers can formulate strategies that leverage strengths, address weaknesses, seize opportunities, and mitigate threats to gain a competitive advantage.
g. **The Five Forces Model:** Developed by Michael Porter, the Five Forces Model helps managers assess the competitive forces within their industry.
It analyzes the threat of new entrants, the bargaining power of suppliers and buyers, the threat of substitutes, and the intensity of competitive rivalry.
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The process of getting to know one’s contacts in a host country and building mutual trust before embarking on business discussions and transactions is a definition for relationship building.
[A] True
[B] False
Answer:
The process of getting to know one’s contacts in a host country and building mutual trust before embarking on business discussions and transactions is a definition for relationship building: This is True Statement.
Explanation:
Relationship building is a process in which companies send their representatives to the countries who might be their potential partners, so that they can build their trust. They show this trust to establish a business connection. A strong communication can be developed with this kind of relation and barriers are broken.
This is a business skill that is the builds reputation and is influencing. It is helpful in maintaining commercial relationships. So, the given statement describes relationship building well that it is a process of getting to know one’s contacts in host country.
A company's ______ tax rate is its tax bill divided by its total taxable income, and its ______ tax rate is the tax rate it pays on the next dollar of income.
Answer:
Average; Marginal
Explanation:
The average tax rate is the tax bill divided by the total taxable income.
Average tax rate= tax bill/ total taxable income
The marginal tax rate is the tax rate the company will pay on the extra dollar of income.
Marginal is the extra dollar or the extra unit. The average is the sum of the bill divided by the total income.
A business practice associated with globalization involves business moving manufacturing and service centers to countries where labor is cheap. This practice is commonly known as___________.
Answer:Multi national Trading or Corporation
Explanation:This is situation where business operations are moved to other nations with cheap labour and raw materials.The importance of this practice is to minimize their cost of operation and maxizmize profit.
Answer:
It is known as International outsourcing
Explanation:
International outsourcing is a business practice of engaging a third party outside of the company geographical location , mostly from a country where the labor cost is cheaper as against what is obtainable in the country of operation.
This will obviously result in cutting down on jobs in the country of operation while the company is benefiting from savings gained from the practice.
Preferred stock is often considered a more conservative (less aggressive) investment than common stock because: a. its holders have voting right, unlike stockholders. b. it is less volatile and more like a bond. c. it never pays dividends.
Answer:
b. it is less volatile and more like a bond
Explanation:
Preferred stocks pay a fixed dividend and has the potential to appreciate in price.
Preferred share holders have no voting right but they are paid first before common shareholders.
I hope my answer helps you
Gaggle, Inc., and Chirp Chirp, Inc., have their dispute resolved in arbitration. The arbitrator makes an erroneous finding of fact. This is a ground for a court to review the merits of the award.
a. True.
b. False.
Answer:
the following situation is "FALSE".
Explanation:
The arbitration decision or unfair award is a substantive finding reached by an arbitration panel in an appeal and is equivalent to a court judgment. It is alluded to as an' reward' even if all arguments of the defendant fall and therefore no money is owed by either side, or the award is of a semi-monetary type.
Therefore the following statement is "FALSE"
A fixture is an object that formerly was personal property but has become real property. Of the following four rules for determining whether an object has become a fixture, which is the most dominant (i.e. if there is a conflict, which rule prevails)?
A) Intention of the parities
B) Manner of the attachment
C) Relation of the parties
D) Character of the article and manner of adaptation
Answer:
Explanation: b
Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $48,500 401K matched up to $2,500/year, $5,000 in bonuses $1,100 $200 How much income with benefits can she expect?
a. $43,500
b. $48,500
c. $53,500
d. $56,000
Answer:
D) $56,000
Explanation:
Amy's annual salary + benefits = annual salary + bonuses + 401K employer matched up contributions = $48,500 + $5,000 + $2,500 = $56,000
The 401K matched up contributions are considered a benefit because the employer has no legal obligation to pay them.
What part of the sustainable marketing mix involves producing more environmentally friendly products, such as electric automobiles? A. Price strategies B. Product strategies C. Target marketing strategies D. Promotion strategies E. Place strategies
Answer: B Product strategy
This is because product strategy helps to evaluate the impact it will have on the customers.
Explanation:
A product strategy defines the vision a company has for embarking on their line of production or product type. A product strategy helps a business to determine their product trend and where it will probably end up.
A good product strategy must be able to answer to:
•Whom you are selling to.
•What you are selling.
•What value will your customer derive.
•How the product will be priced.
•Means and channels of distribution.
During 2013, Bascom Bakery paid out $33,525 of common dividends. It ended the year with $197,500 of retained earnings versus the prior year's retained earnings of $159,600. How much net income did the firm earn during the year? a. $86,818 b. $78,746 c. $71,425 d. $82,683 e. $74,996
Answer:
Explanation:
RETAINED EARNINGS AT THE END OF THE YEAR = RETAINED EARNINGS IN THE BEGINNING + NET INCOME FOR THE YEAR - DIVIDEND PAID
197500 = 159600 + NET INCOME -33525
NET INCOME = 197500 - 159600 + 33525 = 71425
Answer is C
Researching the demographics of a fan base for a particular sport would be most closely associated with which core standard of marekting?
a. distribution
b. pricing
c. marketing-information management
d. financing
Answer:Marketing Information Management
Explanation:The process of monitoring, organizing and analyzing the results of data collected from the marketplace with an aim of developing strategies for marketing activities is Marketing Information Management.
Demographics relates to statistical data of a given population. Such as the age, gender, race and so on.
As such, a research of demographics of a fan base is closely associated with marketing information management as the information gathered will be relevant for forecasting.
To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, ______, and_______________.
Answer:Rare,costly to imitate
Explanation:
Competitive advantage is the superiority gained and enjoyed by a business entity by providing cheaper services or products to its customers when compared to other business entities whose prices are higher for the same quality, quantity and value. For a business entity to continue to enjoy competitive advantage the resources and capabilities of the business entity must be non-substitutable ( it must not be replaceable),it must be valuable,rare and costly to imitate. The potential to become a business entity with a competitive advantage it must be very difficult to achieve.
Eugene and Velma are married. For 2019 Eugene earned $25,000 and Velma earned $10,000. What are Eugene's and Velma's taxable income for 2019?
Answer:
$0
Explanation:
Velma's standard deduction for 2019 is $12,200, since it is higher than her actual income ($12,000 ≥ $10,000), Velma will not pay any income taxes. If Velma made the mistake of making an itemized deduction, she would end up paying taxes, but no one would make that type of mistakes.
In 2019, Eugene and Velma's combined income was $35,000 (without considering any deductions or credits), which would be their taxable income.
Explanation:Eugene and Velma's taxable income for 2019 is determined by adding their individual earnings. So, if Eugene earned $25,000 and Velma earned $10,000, their 'combined income' is $35,000.
However, the 'taxable income' may be different depending on allowable deductions and tax credits. But without these extra details, their 'combined taxable income' would be $35,000, assuming no deductions or credits.
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Ruby Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Cole owns 55% of the stock, and Martin owns the remaining 45%. During 2016, Ruby paid a salary of $200,000 to each shareholder. On December 31, 2016, Ruby accrued a bonus of $50,000 to each shareholder. Assuming that the bonuses are paid to the shareholders on February 1, 2017, compute Ruby Corporation's 2016 deduction for the above amounts.$450,000$400,000$250,000$500,000
Answer:
Explanation:
Answer:
$200000 + $200000 +$50000(to COLE's bonus)
= $450000
Ruby corporation uses accrual method.
A corporation that is using accrual method, cannot claim a deduction for an accrual with respect to a related party until the recipient reports that amount as income.
Here, Cole owns more than 50% (55%) so its a related party and it will report bonus on february 1,2017
Therefore, Ruby can not deduct bonus payable to oliver in 2016
Hence total deductible in 2017 would be $450000.
What best-cost provider strategy would you be most unlikely to recommend for a small-sized company entering a highly segmented market, each segment with a complex set of needs and spending power?
Answer:
I would be most UNLIKELY to recommend a broad low-cost strategy to a small-sized company entering a highly segmented market.
Explanation:
I would NOT recommend a broad low-cost strategy because the company size suggests it lacks the necessary resources to satisfy the various customer needs in a broad and highly segmented market.
Instead, I would be most likely to recommend a Focused low-cost strategy with which the company can focus its limited resources on a specific narrow segment or niche in the market, and meet the needs of customers within that segment.
Gourmet Shop purchased cash registers on April 1 for $12,000. If this asset has an estimated useful life of four years, what is the book value of the cash registers on May 31?a.$250.b.$3,000.c.$9,000.d.$11,500.
Answer:
d.$11,500.
Explanation:
The cash register was bought for 12,000 and it has a useful life of 4 years which is equal to 48 months. So to calculate how much it would depreciate each month we would divide 12,000 by 48. 12,000/48= 250.
So in this case from April 1 to May 31 is 2 months which means that the cash register was used for 2 months and would be depreciated over the use of 2 months.
1 month deprecation = 250
2 month deprecation = 250*2= 500
The depreciation for 2 months is 500 and in order to find the book value at May 31 we will subtract the depreciation over 2 months from the original price.
12,000-500=11,500
Final answer:
The book value of the cash registers on May 31 after accounting for two months of straight-line depreciation is $11,500.
Explanation:
The calculation of the book value for Gourmet Shop's cash registers involves applying the concept of straight-line depreciation. With a purchase cost of $12,000 and an estimated useful life of four years, the annual depreciation expense is calculated as $12,000 divided by 4 = $3,000. Since the cash registers were purchased on April 1 and the book value is needed for May 31, we need to account for two months of depreciation. Therefore, the monthly depreciation expense is $3,000 divided by 12 = $250. Over two months, this totals $250 × 2 = $500. Subtracting this from the original cost gives us the book value: $12,000 - $500 = $11,500. Hence, the book value of the cash registers on May 31 is $11,500.
A business is an organization that strives for a profit by providing goods and services desired by its customers. True / False.
Answer:
True
Explanation:
The ordinary course of business of an organization refers to the activities as contained in the articles of association of the entity which gives insights into the goods and services the organization provides.
These goods and services are usually provided to at a cost to the organization however with the company making an income from the sale.
A business is an organization that strives for a profit by providing goods and services desired by its customers.
True.
A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for 48 months. Including the down payment, what is the total amount of money the student will have paid for her car by the end of the 48 months?
Answer:
$10,600
Explanation:
The total amount that the students will pay will be the total of monthly installments plus the deposit
Deposit =$1000
total monthly installments = $200 x 48 = $9600
The total amount he will pay = $ 9600 +$1000
=$10,600
You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation?
Answer:
Pure project
Explanation:
A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.
This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.
Cheers.
The least risky method of entering a market in a foreign country is by Direct exports. Indirect exports. Direct investments. Licensing.
Answer:
Direct investments.
Explanation:
The least risky method of entering a market in a foreign country is by Indirect exports.
Indirect exports involve selling products to intermediaries, such as export management companies or trading companies, who then handle the distribution and sales in the foreign market. This approach allows the company to enter the foreign market without directly dealing with the complexities of international operations, market entry, or establishing a physical presence.
Compared to other methods, such as direct exports, direct investments, or licensing, indirect exports typically involve fewer financial commitments, lower market entry costs, and reduced operational risks. Companies can leverage the expertise and network of the intermediaries to navigate the foreign market and mitigate potential risks associated with market uncertainty, cultural differences, or regulatory challenges.
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