Answer:
C) Multichannel marketing
Explanation:
When a company uses multichannel marketing it means that they are using more than one marketing channel to try to reach potential customers, either directly or indirectly.
In this case, Cathy is using a website, a brick and mortar retail store, emails, and pamphlets.
Cathy's overall marketing method is best described as multichannel marketing, which involves using multiple channels or platforms to reach and engage with customers.
Explanation:The best technique that describes Cathy's overall marketing method is multichannel marketing.
Multichannel marketing refers to the use of multiple channels or platforms to reach and engage with customers. In Cathy's case, she utilizes various marketing channels such as e-mails, pamphlets, and traditional retailing to promote her products.
This approach allows Cathy to reach a wider audience and increase the visibility of her business. By combining offline and online marketing methods, she can cater to different customer preferences and increase her chances of success.
A monopolistically competitive market consists of __________ seller(s), an oligopoly consists of __________ seller(s), and a monopoly consists of one seller.
Answer:
very many, few
Explanation:
The monopolistic competition consists of many sellers offering differentiated products. There are minimal barriers to entry or exit of the industry. Advertising and marketing of products are high due to increased competition. No single firm has the power to set prices.
An oligopoly consists of few but large firms dominating a big market. There could be other smaller firms with a small percentage of the market share. Firms in an oligopoly market mat collaborate to look out new entrants. This market is characterized by heavy advertising, with firms offering either homogeneous or differentiated products. The objective of each firm is to maximize profits, which makes all the firm to set high prices.
Javier spends all his income on peanuts and chewing gum. The last dollar spent on peanuts yeilds 14 utils and the last dollar spent on chewing gum yields 6 utils. To increase total utility, Javier should spend less on peanuts and more on chewing gum?
To increase total utility, Javier should spend less on peanuts and more on chewing gum - false
Explanation:Total utility is the measure of the total level of satisfaction that is obtained as a result of consuming the available quantity of goods or services. This different fro marginal utility which is the measure of total stratification that is obtained from the consumption of an additional quantity of goods or services.
In the example given, Javier is spending his income entirely on the chewing gums and peanuts. The dollars that remains is yielding 14 utils and 6 utils in spending for peanuts and chewing gums respectively. Total utility will not get increased with the either consumption because it includes the consumption of both peanuts and also chewing gums. Thus the given statement will be false.
To increase the sales of low-involvement products, marketing managers can: Group of answer choices focus on the package design of the products. promote the products extensively to the target market. design advertisements with highly emotional messages. adopt strategies used for marketing high-involvement products.
Answer:
focus on the package design of the products.
Explanation:
Low involvement products are by definition products that are purchased without having to pay much attention to the buying process. Convenience goods are usually low involvement products, and are generally low price goods that are purchased frequently, and they do not any risk to the buyer. For example, if you forget to buy Dove soap and instead you buy a Palmolive soap, nothing bad will happen to you or your property. On the other hand, if instead of buying gasoline for your car you purchase diesel, you might end up ruining your car's engine. Soap is considered a low involvement product while gasoline is not.
Since the buying decision process regarding low involvement products is fairly quick, attractive and colorful packaging usually helps to increase sales.
A ballplayer became ill soon after consuming sunflower seeds marketed by a farm products company. The package of seeds was inspected and foreign matter was discovered on the seeds. Of the ballplayer brings an action against the farm products company on the basis of strict tort liability, what would be most helpful for the company to avoid liability?
Options:
A The foreign matter on the seeds was a rare mold that could not be detected by tests commonly used for establishing that sunflower seeds are safe for human consumption.
B The seeds were sold in their natural state, and had not been manufactured or processed by the farm products company in any way.
C In answer to an interrogatory, the ballplayer has acknowledged that he has no evidence that his illness was caused by the foreign matter on the seeds.
D Although marketed under the label of the farm products company, the seeds had been collected and packaged for distribution by another company and any foreign matter on the seeds was the other company’s fault.
Answer:
B) The seeds were sold in their natural state, and had not been manufactured or processed by the farm products company in any way.
Explanation:
Farmers that sell their products in their natural state, without any type of processing or manufacturing, are less liable for any foreign objects found with their products. For example, a farmer that sells con is not liable if a worm is found in the ear of the corn. The key here is what represents processing or manufacturing. This varies a lot depending on the state and even the county or town.
Some states consider packaged food, as processed even if they were just put in a bag. Other states require actual processing and the food being labeled as ready to eat. This is based on the consumer expectations test. For example, can a consumer expect to find a worm in unprocessed corn, probably yes, it is something natural. But should a consumer expect to find a pebble in a can of peaches, certainly not.
The point is that if the producer didn't process the food, he/she is not liable for negligence, but again the definition of processed food varies form place to place. If the company can prove that they sell unprocessed sunflower seeds, then consumers should expect to find foreign objects on them, e.g. dirt, tiny rocks and even some small insects. Those are things that happen naturally, and are eliminated through food processing.
Some companies use a 360-degree feedback process, which includes feedback from an employee's subordinates, peers (colleagues), and supervisor(s), as well as a self-evaluation by the employee him or herself. This approach would be particularly useful in a:_____________.
The 360-degree feedback process provides a comprehensive method of performance appraisal in organizational settings, encompassing feedback from various sources including the employee themselves. It helps identify improvement areas and promotes professional development among employees. However, its effectiveness depends upon the culture and alignment with other performance management strategies of the organization.
Explanation:The 360-degree feedback process is particularly useful in organizational settings where evaluation of an employee's performance and development is needed. Not only does it involve the employee's self-assessment, but also takes into account the perspectives of their subordinates, peers, and supervisors. While some studies, like Atkins and Wood (2002), suggest variability in these ratings due to their subjective nature, other perspectives, like Tornow (1993a) see these discrepancies as opportunities for greater learning and professional development.
Fundamentally, the 360-degree feedback process is used to provide performance appraisal, with the larger goal of identifying areas of improvement and promoting self-development among employees. As such, it can be instrumental in decisions about an employee's position, remuneration, and potential training needs. Through this method, the qualities being evaluated gain a holistic view, making the process more comprehensive and meaningful.
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The 360-degree feedback process, involving feedback from various sources like subordinates, peers, supervisors, and self-evaluation, is particularly useful in a leadership development context.
It helps leaders gain a comprehensive understanding of their strengths, weaknesses, and areas for improvement from multiple perspectives.
This approach fosters self-awareness, promotes accountability, and supports professional growth by providing valuable insights into leadership effectiveness, interpersonal skills, and overall performance. Therefore, the 360-degree feedback process is highly beneficial for developing and refining leadership capabilities in individuals and enhancing organizational effectiveness.
complete question:-
Some companies use a 360-degree feedback process, which includes feedback from an employee's subordinates, peers (colleagues), and supervisor(s), as well as a self-evaluation by the employee him or herself. This approach would be particularly useful in a:_____________.
Inflation is often measured by evaluating chances in the cost of a fixed basket of goods and services. This method ____________ inflation because it does not account for changes in spending patterns that result from relative price changes. overestimates underestimates This problem in known as __________.
Inflation is often measured by evaluating chances in the cost of a fixed basket of goods and services. This method overestimates inflation because it does not account for changes in spending patterns that result from relative price changes
Explanation:
Most analysts agree that inflation indexes continue to overestimate the actual rise in living costs. This means that analysts assume the real cost of living has generally risen by less than 3% while the inflation rate is reported as 3%.
It means inflation overestimates the real rise in living prices because the customer is not better off when the new goods are launched.
Example: Assume whether you have $100,000 to invest on the Amazon marketplace of 2015 or the genuinely low cost Sears Collection, 1963. How are you going to pick? In 1963 costs were much smaller, and you could buy a lot of things, but you'd not like a lot of low quality products. So even if the collection for 2015 is so much more expensive, a greater consistency compensates for part of this issue.
Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000. If Patterson’s ending retained earnings was $350,000, what was the company's revenue for the year?A. $1,615,000
B. $1,800,000
C. $1,525,000
D. $700,000
Answer:
The company's revenue for the year is $1,615,000.
The correct option is A. $1,615,000.
Explanation:
Given:
Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000.
If Patterson’s ending retained earnings was $350,000.
Now, to find the company's revenue for the year.
Opening Retained earnings = $325,000.
Common stock = $500,000.
Recorded expenses = $1,500,000.
Paid dividends = $90,000.
Closing Retained earnings = $350,000.
Now, to get the revenue of the company we put formula:
Revenue = (Recorded expenses + paid dividends + closing Retained earnings) - opening Retained earnings
[tex]Revenue=(1500,000+90,000+350,000)-325,000[/tex]
[tex]Revenue=1940000-325000[/tex]
[tex]Revenue=1615,000.[/tex]
Therefore, the company's revenue for the year is $1,615,000.
The correct option is A. $1,615,000.
"wants to develop a new system to more accurately and more quickly detect frauduent transactions. An appropriate AI system for this task would be a(n) _______________, which can recognize and act on patterns or trends that it detects in large sets of data."
Answer:
Neural network
Explanation:
Neural networks is a series of algorithms that mimic the operations of the human brain to recognize relationships between vast amounts of data.
They are used in varieties of applications in financial services, from forecasting and marketing research to fraud detection and risk assessments.
They can recognize and act on different pattern or trends because trends their ability to mimic the operations of the human brain to recognize relationships between vast amounts of data and thus, detects data in large sets and quantity.
Store supplies still available at fiscal year-end amount to $1,900. Expired insurance, an administrative expense, for the fiscal year is $1,650. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2018.
Answer:
Current Ratio = 1.67:1
Acid Test Ratio = 0.1:1
Gross Profit Margin = 66%
Explanation:
Cash.......1000
Merchandise inventory...12,500
Store supplies....5800
Prepaid Insurance...2400
Accounts Payable...................10,000
Sales..............................111950
Cost of Goods Sold....38,400
Store supplies still available at fiscal year-end amount to $1,900. Expired insurance, an administrative expense, for the fiscal year is $1,650. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2018.
Therefore Balance Store supplies = 5800-1900
Prepaid Insurance = 2400-1650
Balance Inventory = 11,000
Current Ratio = Current Assets/ Current liabilities
Current Ratio = (1000 cash + 11,000 inventory + 3,900 Store supplies + 750 prepaid insurance) / 10,000 Accounts payable = 16650/10000 = 1.67
Current Ratio = 1.67:1
Acid test Ratio = Current Asset - inventory / Current Liabilities
(16,650 - 11,000 inventory - 3,900 Store supplies - 750 Prepaid Insurance) /10,000 = 0.1
Acid Test Ratio = 0.1:1
Gross Profit Margin = Gross Profit / Sales x 100
Gross Profit = Sales - Cost of Goods Sold = 111,950 - 38400 = 73550
Therefore Gross profit Margin = 73550/111950 x 100 = 66%
Gross Profit Margin = 66%
Final answer:
Explanation of current ratio, acid-test ratio, and gross margin ratio based on the provided financial data.
Explanation:
Current ratio:
Current ratio is calculated by dividing current assets by current liabilities. In this case, current assets are $1,900 (store supplies still available) and current liabilities are $1,650 (expired insurance). Therefore, the current ratio is 1.15.Acid-test ratio:
Acid-test ratio, also known as quick ratio, is calculated by dividing quick assets by current liabilities. Quick assets exclude inventory from current assets. From the given information, quick assets would be $1,900 (store supplies) + $1,650 (expired insurance) = $3,550. The acid-test ratio would be 2.15.Gross margin ratio:
Gross margin ratio is calculated by dividing gross profit by net sales. Gross profit is net sales minus cost of goods sold. From the data provided, we can calculate the gross margin ratio using the figures for ending merchandise inventory and cost of goods sold.If a surplus exists in a market we know that the actual price is
Answer:
The price is above equilibrium; quantity supplied is more than quantity demanded.
Explanation:
A surplus in the market means the actual price of a product is above the equilibrium point. The quantity supplied is much more than the quantity demanded. A considerable population of buyers will not afford the product due to its high price.
Higher prices will cause the demand for goods to decrease in the market. When there is a surplus in the market, sellers will tend to reduce the price hence increasing the quantity demanded. This will decrease the quantity supplied. The buyers will now afford the product.
A surplus in a market indicates that the actual price is above the equilibrium price, causing producers to supply more of the good than consumers are willing to purchase.
Explanation:In an economic context, if a surplus exists in a market, this suggests that the actual price of a specific good or service is above the equilibrium price. The equilibrium price, also known as the market-clearing price, is the price at which the quantity demanded by consumers equals the quantity supplied by producers. When the actual price is higher than this equilibrium level, producers are willing to supply more of the good than consumers are willing to buy, resulting in a surplus.
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If Delta Airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by Southwest Airlines, this would be an example of
72) ______
A) explicit collusion.
B) competitive dynamics.
C) a harvest strategy.
D) tacit collusion.
Answer: Option B
Explanation:
Competitive dynamics means the business organisations take actions based on the competitors in the market in order to maintain their competitiveness in the business. The businesses try to protect their competitive advantages by reacting similarly to the competitors in the market.
Explicit collusion means businesses together try to rise the market price. Harvest strategy means to reduce the market spending on the products in the market. In tactic collusion the business try to reduce the reaction of the other firms for the action taken by them.
Joe Smith earns $72,000 per year. His bank uses a rule that PITI must be equal to or less than one third of gross monthly income. If his home owner's insurance is $100 per month, roughly how much of a monthly payment can Joe afford including taxes over and above the $100 for insurance?
Answer:
Total Monthly payment = $1,900
Explanation:
Given:
Annual earning = $72,000
PITI (Principal, Interest, Taxes,Insurance) = 1/3 of Gross Monthly income
Monthly expenses = $100
Computation:
Gross Monthly income = Annual earning / 12
Gross Monthly income = $72,000 / 12
Gross Monthly income = $6,000
PITI (Principal, Interest, Taxes,Insurance) = 1/3 of Gross Monthly income
PITI (Principal, Interest, Taxes,Insurance) = 1/3 × ($6,000)
PITI (Principal, Interest, Taxes,Insurance) = $2,000
Total Monthly payment = PITI - Monthly expenses
Total Monthly payment = $2,000 - $100
Total Monthly payment = $1,900
Joe Smith can afford a monthly mortgage payment of $1,900 for principal, interest, and taxes, provided the total PITI does not exceed $2,000, which is one-third of his gross monthly income of $6,000, after accounting for his $100 homeowner's insurance.
Explanation:To calculate the amount Joe Smith can afford for his monthly mortgage payment, including taxes, we must adhere to his bank's rule that the PITI (Principal, Interest, Taxes, and Insurance) should not exceed one-third of his gross monthly income. Joe earns $72,000 per year, which translates into a gross monthly income of $6,000 ($72,000 divided by 12 months). One-third of this amount is $2,000 ($6,000 times one-third).
Given that Joe's homeowner's insurance is $100 per month, we need to subtract this amount from the $2,000 to determine how much is available for the rest of the monthly PITI payment. So, Joe can afford $1,900 per month for his principal, interest, and taxes after the insurance cost is deducted.
Note: This calculation does not include other potential expenses like mortgage insurance, which might be required if Joe's down payment is less than 20% of the home purchase price.
Suppose a basket of goods and services has been selected to calculate the CPI and 2014 has been selected as the base year. In 2012, the basket's cost was $50; in 2014, the basket's cost was $52; and in 2016, the basket's cost was $58. The value of the CPI in 2016 was
Answer:
$111.53
Explanation:
CPI is a statistic applied to measure the average cost of a basket of usually-used goods and services in a period relative to some base period.
Consumer Price Index (CPI) = [tex]\frac{Current Period Price of the Basket}{Base Period Price of the Basket} \times100[/tex]
= [tex]\frac{58}{52} \times100 = 111.53[/tex]
Therefore, The value of the CPI in 2016 was $111.53 taking 2014 as base year.
While waiting in the checkout line at Essentials, Autumn spotted a nail care kit displayed amongst the candy and batteries. She liked it and asked the cashier to add it to her bill. Which form of limited problem solving did Autumn engage in?A. Planned purchasing
B. Cross-shopping
C. Psychological problem solving
D. Impulse buying
E. Contemplation
Answer:
Psychological problem solving
Explanation:
Psychological problem solving is the process by which an individual solves problems encountered in life
Solutions to these problems solved are usually context specific or situational. It involves problem finding and problem shaping - discovery and simplification of problem.
In this scenario Autumn spotted a nail care kit displayed amongst the candy and batteries. She liked it and asked the cashier to add it to her bill. She had to identify the nail polish kit from among batteries and candy.
Peggy Owns A House Cleaning Service. She Built A Booking Website And Is Ready To Promote Her Services Online. She Wants Her Ads To Reach People Actively Looking For Businesses Similar To Hers. Which Google Ads Campaign Should Peggy Use To Make Sure Potential Customers Consider Her Services And Take Action By Booking House Cleanings?
1. Search
2. Video
3. Shopping
4. Display
Answer: Search
Explanation: Since Peggy intends to promote her website and to reach out to people who are actively looking for businesses similar to hers, Google Ads Search campaign should be employed to meet her potential customers who will consider her services and take action by booking house cleanings. With the search services her Ads will show up alongside other search results.
Which of the factors listed below contribute to the market value of a going concern? intangible assets market value of assets value of future investments extra earning power past share price
Answer:
intangible assets
market value of assets
extra earning power
Explanation:
As an accounting principle, going concern value means the value of a business or its assets considering that the business will continue to operate in the reasonable future. This is the opposite to the value assigned to assets or businesses that are being discarded or liquidated.
When you are trying to valuate a company, you have to consider the fair market value of its assets, its intangible assets, and its earning power (its ability to make higher than average profits).
The past share price is not useful in determining the present of the company and the value of future investments cannot be included until the investments are carried out.
You are going to deposit $18,000 today. You will earn an annual rate of 2.9 percent for 9 years, and then earn an annual rate of 2.3 percent for 12 years. How much will you have in your account in 21 years
Answer:
$30,586
Explanation:
Using an annuity formula, we will compound at 2.9% for 9 years and the money at the end of year 9 will be used to compound at 2.3% for 12 years.
So compounding formula is:
Future Value = Present Value * (1+r)^n
For compounding at 2.9% for 9 years,
Future Value = $18,000 * (1+2.9%)^9 = $23,281
And now using the money at the end of year 9 to compound at 2.3% for 12 years:
Future Value = $23,281 * (1+2.3%)^9 = $30,586
Final answer:
The student will have approximately $30,422.79 in their account after 21 years, given the two separate periods of interest rates applied to their initial deposit of $18,000.
Explanation:
The student wants to calculate the future value of two separate investments. The first is an $18,000 deposit that grows at a 2.9 percent annual interest rate for 9 years. The second growth period is at an annual rate of 2.3 percent for 12 years. The total time for both investments is 21 years.To find the future value of these investments, we use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A is the amount of money accumulated after n years, including interest.
P is the principal amount (the initial amount of money).
r is the annual interest rate (decimal).
n is the number of times that interest is compounded per year.
t is the time the money is invested for in years.
For the first 9 years, the interest is compounded annually at a rate of 2.9%, so:
A1 = 18000(1 + 0.029/1)^(1 x 9)
A1 = 18000(1.029)^9
A1 = 18000 x 1.291364
A1 = $23,224.55
Now, this amount becomes the principal for the next 12 years at an interest rate of 2.3%:
A2 = A1(1 + 0.023/1)^(1 x 12)
A2 = 23224.55(1.023)^12
A2 = 23224.55 x 1.309573
A2 = $30,422.79
Therefore, after 21 years, the total amount in the account is approximately $30,422.79.
Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes.
Their business should be classified as a
Answer:
Their business should be classified as a Partnership.
Explanation:
The three major types of businesses are Sole Proprietorship, Partnership & Corporation. Sole Proprietorship has only one member and corporations have shared ownership and big in size. Partnerships are businesses in which a small number of people decide to pool in and start a business and are personally liable for any business debts. In this case the coffee shop opened by Franklin, John, Henry, and Harry would be classified as a Partnership.
Partnerships have a limited life and it will dissolve if any of Franklin, John, Henry, and Harry decide to leave the partnership unless stated otherwise in the charter of the partnership.
Scenario 1: Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned on bonds or deposits is taxed at a rate of 20%. Now suppose there is a decrease in the tax rate on interest income, from 20% to 15%.
This change in the tax treatment of saving causes the equilibrium interest rate in the market for loanable funds to ____ and the level of investment spending to ____ .
Answer:
This change in the tax treatment of saving causes the equilibrium interest rate in the market for loanable funds to DECREASE and the level of investment spending to INCREASE.
Explanation:
Since the tax rates on savings decreased, more money will be available for saving which will increase the supply of loanable funds. When the supply of any good or services increases, its price decreases. In this case, the price of money is the interest rate.
Since the interest rate decreases, the total quantity demanded for loans will increase, increasing the level of investment spending.
Making formal statements, holding rites and rituals, utilizing employee training and coaching, demonstrating how a leader reacts to a crises, being a role model, and giving rewards, promotions, and bonuses are some of the teaching methods that organizations can utilize to ____.
effect corporate change
Answer:
Effect Corporate Change
Explanation:
Making formal statements, holding rites and rituals, utilizing employee training and coaching, demonstrating how a leader reacts to a crises, being a role model, and giving rewards, promotions, and bonuses are some of the teaching methods that organizations can utilize to effect corporate change. Change is one of the important and most difficult process for any organization. It needs to be carried out slowly as it has been manifested in the above given statement as well. Employees need to be given training, promotions, rewards and bonuses, they must be listened, their concerns should be addressed in order to make change process easy and smooth.
A year after she assisted Interior Heating and Lighting in making changes to an employee incentive plan, Coral, an OD consultant, is visiting the company to determine if the changes were helpful. Coral will compare sales and turnover data from the last three years to the current year. Coral is in the ______ stage of the OD process.
Coral, an OD consultant, is in the Evaluation stage of the Organizational Development Process. This stage involves assessing the effectiveness of implemented interventions. She is using sales and turnover data to evaluate changes brought to an employee incentive plan a year ago.
Explanation:In the scenario you provided, Coral, an OD consultant, is in the Evaluation stage of the Organizational Development (OD) Process. At this phase, the effectiveness of interventions implemented to improve organizational performance is assessed. In this specific case, Coral is evaluating the changes brought to the company's employee incentive plan a year ago and determining whether these changes have been fruitful or not.
Just like Imani's case where her performance was tracked and evaluated over a period of time, Coral can use various indicators to measure improvements or declines in organizational performance. Some of these indicators are data related to employee turnover and company's sales over the period of time. This process helps in assessing if the training and interventions were successful and fulfilled its objectives.
A 2003 study by Arthur, Bennett, Edens, and Bell has shown that organizational training is indeed effective when outcomes are properly measured and analysed. Evaluations such as these are crucial to the progression and functioning of any organization because they allow organizations to understand their weak points and strengths.
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According to the income effect, when the price of automobiles rises, people buy fewer automobiles because a. the nominal amount of their paychecks is smaller. b. the purchasing power of their income is reduced. c. their demand for automobiles is very elastic. d. they substitute other forms of transportation for driving.
Answer:
b. the purchasing power of their income is reduced.
Explanation:
Income effect is defined as the change in demand of a product that is a result of change in purchasing power of an individual, there are changes in real income.
When there is price increase the number of goods an individual's income can buy is reduced, so his purchasing power reduces. He will demand less of the good.
When there is a reduction in price purchasing power increases and customer can demand for more of the good.
In this scenario the increase in price of automobiles results in reduction in purchasing power, and reduction in amount demanded.
Answer:
B. the purchasing power of their income is reduced
Explanation:
Income effect results when there's a change in the demand for commodities caused directly as a results from changes in the consumer's purchasing power due to changes in real income of prices of the commodity. When there's an increase in the price of automobiles, the purchasing power of customers reduces as income remains constant. This is because the consumers would no longer be able to purchase goods and services in their regular amount as a results of increase in the price of those goods and services or reduction in the real income.
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion, profits of $7 billion, exports of $15 billion, and rent of $7 billion, wages during 2009 in Sildavida were:___________.
Answer:
$36 billion
Explanation:
The computation is shown below:
For this question, we use the income approach for calculation the wages i.e shown below:
GDP = Interest payments + profits + rent + wages
$65 billion = $15 billion + $7 billion + $7 billion + wages
$65 million = $29 billion + wages
So, the wages would be
= $65 billion - $29 billion
= $36 billion
Center City enacts an ordinance that imposes a jail term, without a trial, on all contractors who solicit business without a city permit. A court would likely review this ordinance under the principles of:________.
a. equal protection.
b. due process.
c. free speech
d. free exercise.
Answer:
b. due process.
Explanation:
Due process -
It refers to as the legal notice , where all the legal rights of the person need to be respected by the law , is referred to as due process .
It enables to help the person from the power of law of land , as it protects the person from any harm by the government , then this law comes into action .
Hence , from the given scenario of the question ,
The correct answer is b. due process.
In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single warehouse. The risk manager recommended that the finished goods be divided among three warehouses to prevent all of the finished goods from being destroyed by the same peril. Dividing the finished goods among three warehouses illustrates
Answer: risk control
Explanation: Risk control measures are measures taken in response to a risk factor that has the potential to cause accident or harm in an organization. The control measures can either be designed to reduce the risks or eliminate them completely, with the latter obviously being preferred. It is a plan-based business strategy that aims to identify, assess, and prepare for any potential dangers or hazards, both physical and figurative that may interfere with an organization's operations and goals.
The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals. b. Out-compete rivals using low-cost provider strategies. c. Translate its best-cost status into achieving the highest profit margins of any firm in the industry.
Answer:
a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
Explanation:
The objective of a best-cost strategy is to: Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.
A best-cost strategy is built on product offering that guarantee customers better value for money by focusing both on low cost and upscale difference.
The ultimate goal of the best-cost strategy is costs and prices reduction to a point lower than other providers of similar products with comparable quality and features.
The purpose of many business messages is to make a request or to reply to previously received communication. Familiarize yourself with the organization of these messages so you can communicate your purpose and achieve a positive outcome. Read the scenario. Your manager asks you for advice about a request e-mail she is composing to a customer. What advice would you give?A. Give an approximate date for the deadline in the body.B. Place the deadline in the opening.C. Set an end date to take action in the closing. Read the following request message.To: Customer Support From: Helen Martin Subject: Warranty Information for Netbook ComputerRevision A: 1. Where do I find my warranty information?2. How long does the average netbook repair take?3. Do I need to mail in my netbook for repairs or bring it to your local repair shop?Revision B: 1. Where is my warranty information? B. How long does the average repair take? C. Do I have to mail in my netbook?Revision C: Where do I find the information?How long does it take?Can I take it to my local shop?Which of the preceding revisions is the best revision for the body of this message?A. Revision BB. Revision CC. Revision AComplete the following sentence with the drop-down menu.Direct response messages might _______.a. include long, flowery descriptions.b. use the "me" view.c. supply explanations and additional information.Read the scenario: You manage the social media presence of a company that manufactures travel apparel and gear. A customer posts an angry comment about a suitcase that failed to function properly after its first use. This is not the first complaint the product has received. How should you respond to the customer?A. Acknowledge the problem, and let the customer know that the company is working to rectify the situation.B. Document and delete the comment. You don’t want news of the flawed product to spread.C. Let the comment stand. No response is necessary.
Answer:
These are typical day-to-day Customer engagements Businesses have to maintain to stay relevant for a long time or have a bunch of disgruntled Customers who can destroy their Business through negative reviews.
Explanation:
It is very unlikely Businesses won't encounter product failures or products not performing to the expectations they have advertised to the Buying public; hence the need for a robust Customer Service team to quickly make corrections to such failures.
Scenario A:
The Customer unsure of where to find her Netbook Computer warranty details, and also needing guidance on whether to mail the item across or come physically to the local repair shop and also requesting the average time it takes to correct the problem`requires an answer.
The correct response would be to supply explanations and provide additional information to ease the pain of this customer. The average repair time should be indicated in the body of the mail with indications on some of the type of problems that have been resolved in the past and time it took to get the repairs completed.
Scenario B:
The Customer who posted angry comment about a failed suitcase has every right to be angry. The situation he found himself may have been very embarrassing leading to having to share luggage with a Partner or shop for a new suitcase all together; as such the response needs to be re-assuring, comforting and seeking to make amends for the blunder.
Thus, the proper feedback will be to acknowledge the Problems, get the Customers details and forward it for resolution; whilst assuring the Customer the company is working to rectify the situation
To compose effective business messages, place the action date in the message's closing. Precise language such as that in Revision A is superior. Direct responses should provide additional explanations and information. Finally, handle social media criticism by acknowledging the problem.
Explanation:Regarding the advice for your manager, I would suggest option C. Set an end date to take action in the closing. This is because the conclusion of the message is the last thing the reader sees, and it leaves a lasting impression of urgency and the need for action. As for the best revision of the body message, option A. Revision A would be the best. This version is more precise, which will help avoid miscommunication. Direct response messages could c. supply explanations and additional information as they are designed to provide direct, clear responses with enough context. On handling social media criticism, option A. Acknowledge the problem would be the best approach. This shows that the company values customer feedback, is proactive in resolving issues, and favours transparency.
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squash patch currently has 120 pounds of butternut squash. For each additional day in the patch, the amount of butternut squash increases by 6 pounds. If the price of butternut squash is currently 80 cents per pound, but decreases by 2 cents each day, how long should the butternut squash grow to maximize the profit
Answer:
10
Explanation:
To maximize the profit, the butternut squash should grow for 370 days.
Explanation:To maximize the profit, we need to determine the point at which the marginal revenue equals the marginal cost. The marginal revenue is the price per pound, which is 80 cents, and the marginal cost is the decrease in price per pound, which is 2 cents. The marginal cost is also the rate at which the butternut squash increases by 6 pounds. So, we can set up the equation 80 - 0.02x = 6, where x is the number of days the squash grows. Solving for x, we find x = 370.
Answer:The butternut squash should grow for 370 days to maximize the profit.
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Bierderlack has a policy that states that more than three absences in a six-month period shall result in a suspension. Colleen, the manager, has just decided to suspend one of her shift employees for violating this policy. This is an example of:_________.
Answer:
programmed decision
Explanation:
Programmed decisions are those that are traditionally made using standard operating procedures or other well-defined methods. These are routines that deal with frequently occurring situations, such as requests for leaves of absence by employees. A programmed decision often times leads to the formulation of rules, procedures, and policies.
Hence the action of the manger is an example of a programmed decision
Colleen's decision to suspend an employee for exceeding allowed absences is an example of enforcing organizational policy and punishment in the workplace.
Colleen's decision to suspend an employee for exceeding allowed absences is an example of enforcing organizational policy .Bierderlack's policy that suspends employees after more than three absences in a six-month period demonstrates the application of organizational policy and punishment within the workplace. In this scenario, Colleen, the manager, is enforcing the company's absenteeism rules by suspending an employee who violated these guidelines. While some companies find penalizing absenteeism to be effective, others implement wellness programs to reduce unscheduled absences by keeping employees healthy.During the Bretton Woods Period the dollar was pegged to the gold at $35/oz. The German mark was pegged to the dollar at DM10/$. If the price of gold in pounds was £17.5/oz. What was the exchange rate between the German mark and the british pound?
Answer: 20 DM/GBP
Explanation:
The exchange rate is determined by following conversion:
[tex]x = (\frac{10 DM}{1 USD})\cdot (\frac{35 USD}{1 oz}) \cdot (\frac{1 oz}{17.5 GBP} ) \\x = 20 \frac{DM}{GBP}[/tex]