Answer:
A. A business that operates from a specific geographical location
Explanation:
The scope of digital Marketing has grown tremendously in the recent past. The major reason being it's wide reach through internet unlike the conventional form of marketing which is limited to specific location.
Digital Marketing refers to advertisement through display of advertisements on social portals and web pages. The marketeer buys space on social platforms and other websites for content.
For instance the advertisements on social media platforms is a form of digital marketing.
The world has turned into one global market owing to such technological advancements.
Local businesses refer to the place or location where a business is based.
Thus, local businesses refer to (A). A business that operates from a specific location.
You have to decide between going on a cruise with friends and going on a service trip with Alternative Spring Break. You could also work over the break and earn some extra money, but this would be less valuable to you than either experience. If you choose the cruise, what is your opportunity cost?
Choose one:
A. All of the above
B. The money you could make working over spring break
C. The dollar amount of the cruise
D. Alternative Spring Break
Answer:
Alternative Spring Break
Explanation:
Opportunity Cost
Opportunity cost is described as the next best alternative to an action chosen. And it can be described as that cost an individual incurs for foregoing the potential benefits that could be enjoyed if the alternative to a choice is taken. The opportunity cost is the cost of choosing one activity over another activity that is also as good.
In the case of going on the cruise, the opportunity cost is the entire package the Alternative Spring Break brings. Since, it has been decided that the cruise will be embarked upon the entire Alternative Spring Break from the experience to the work and potential earnings represent the opportunity cost.
The opportunity cost of choosing the cruise over the other options is the Alternative Spring Break, as this is deemed the most desirable and valuable alternative that is given up by deciding to go on the cruise.
The concept being discussed is opportunity cost, which is a fundamental aspect of economics. Opportunity cost refers to the value of the next best alternative that is forgone when making a decision to choose one option over another. In the scenario where a student must decide between going on a cruise with friends or participating in Alternative Spring Break, and there's also the option to work over the break, the opportunity cost of choosing the cruise would not be the money spent on the cruise itself, nor the money that could have been earned by working. Instead, it's the experience and benefits they would have gained from the Alternative Spring Break, assuming that is the most valuable alternative given up.
In this specific example provided in the question, if the cruise is chosen, the correct answer is D. Alternative Spring Break, because this is the most desirable alternative that the student won't experience due to their decision to go on the cruise.
A man has $210,000 invested in three properties. One earns 12%, one 10% and one 8%. His annual income from the properties is $20,200 and the amount invested at 8% is twice that invested at 12%.(a) How much is invested in each property?12%=10%=08%=(b) What is the annual income from each property?12%=10%=08%=
Answer:
A)
first property= 40,000
2nd property=90,000
3rd property= 80,000
B)
annual income from first property= 4800
annual income from 2nd property= 9000
annual income from third property = 6400
Explanation:
So, we can form two equation.
first is, total amount invested in three properties is 210,000
A+B+C=210,000 eq (1)
A is the first property
B is the 2nd property
C is the 3rd property
2nd is, annual income from the property is 20,200
12%*A+10%*B+8%*C= 20,200 eq (2)
As, we have given
the amount invested at 8% is twice that invested at 12%.
it means C is the twice of A
so, the only way we can make A equal to C by multiplying 2 with A, otherwise both won't be equal.
so, 2A=C eq(3)
substituting eq 3 with eq (1) and eq (2)
then we get
A+B+2A=210,000
3A+B=210,000 eq(4)
And,
0.12A+0.10B+0.08*2*A=20,200
0.28A+0.10B=20,200 eq(5)
Finally,
3A+B=210,000
0.28A+0.10B=20,200
multiplying equation (4) with 0.10 then
0.3A+0.10B=21,000
multiplying -1 with equation (5)
-0.28A-0.10B=-20,200
Add them, we get -0.02A=-800
A=40,000
so, putting the value of A in eq (3)
then 2*40,000=C
C=80,000
putting the value of A and B in equation (1)
We get
B=90,000
2nd part of the question
12%*A= 12%*40,000so, income from A is 4800
10%*B=10%*90,00so, income from B is 9000
8%*C=8%*80,000so, income from C is 6400
A firm operating in a market economy has a strong incentive to be productively efficient and allocatively efficient because the former enables it to minimize production costswhile the latter ensures it of ample revenues.If a firm is productively and allocativelyefficient,it earns a profit; if it is not, it suffers a loss.Would you expect the new and better machinery and equipment to be adopted more rapidly in amarket economy or in a centrally planned economy?
Answer:
Market Economy
Explanation:
A firm operating in a market economy has a strong incentive to be productively efficient and allocatively efficient. this makes firms more likely to adopt new technology. whereas centrally planned economy are less competitive and less efficient. the competition in the market economy makes is more probable for it to adopt new technology
The set of activities that relate to the creation of goods and services through the transformation of inputs to outputs is referred to as ________
Answer:
Operations management
Explanation:
Operations management is the term which is defined as the administration of the practices of the business in order to create the highest level of the efficiency which is possible within the business.
It is related to the converting of the raw materials and labor into the services and the goods for the business.
Therefore, the operations management is the one which dealt with the set of the activities which relate to the creation of the goods and the services by the transformation of the inputs to output.
The set of activities that relate to the creation of goods and services through the transformation of inputs to outputs is referred to as production.
Production is the process by which a firm uses economic inputs such as labor, capital, and raw materials to produce outputs, such as goods or services. For example, in pizza making, the pizzaiolo (pizza maker) transforms inputs like flour, water, yeast, tomatoes, and spices into a finished product (the pizza) through a series of steps, including preparing the dough, creating sauce, assembling toppings, and baking the pizza.
Production is essential in economics as it involves all activities that transform various inputs into valuable goods and services that people consume.
The continuous review system is used to manage inventory associated with independent demand, while the periodic review system is used to manage inventory associated with dependent demand. True or false?
Answer:
FALSE
Explanation.
Periodic inventory is a practice of inventory count that takes stock every week or month while 'continuous inventory' constantly tracks inventory levels mostly through a computerized method so that stock levels. are always known.
It is not very correct that the continuous review system is used to manage inventory associated with independent demand, while the periodic review system is used to manage inventory associated with dependent demand because most often, it is the nature of inventory that determines the method to be used and not the type of demand
Continuous inventory keeps a constant track of quantities; and is more appropriate for small unit items that could be too numerous for physical count because they are bought in large quantities. e.g. supermarkets
Periodic inventory has to be done with big items that are not too numerous like automobiles, televisions, houses and sets of furniture.
Final answer:
The statement is false as both the continuous and periodic review systems are used to manage independent demand inventory, while dependent demand inventory typically uses MRP or JIT systems.
Explanation:
The statement given is false. The continuous review system (or perpetual system) and the periodic review system are both used for managing independent demand inventory. The difference between them lies in how often inventory levels are reviewed and orders are placed. The continuous review system involves monitoring inventory levels continuously, with orders placed whenever stock falls below a certain point, called the reorder point. In contrast, the periodic review system reviews inventory at fixed intervals and orders enough inventory to reach a target level.
For dependent demand items—those items for which demand is tied to the production of another item—systems such as Materials Requirements Planning (MRP) or Just-in-Time (JIT) inventory management are commonly used.
When Scholastic Achievement Test scores (SATs) are sent to test-takers, the percentiles associated with scores are also given. Suppose a test-taker scored at the 55th percentile on the verbal part of the test and at the 48th percentile on the quantitative part. Interpret these results.a.This student performed better than 55% of the other test-takers on the verbal part and better than 52% on the quantitative part.b.This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part.c.This student performed better than 45% of the other test-takers on the verbal part and better than 52% on the quantitative part.d.This student performed better than 45% of the other test-takers on the verbal part and better than 48% on the quantitative part.
Answer:
(B)This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part
Explanation:
Percentile distribution classifies a population into 100 classes. Usually, the 1st percentile contains the lowest values, while the 99th percentile contains the highest values.
Accordingly, given that the test-taker scored at 55th percentile (verbal) and 48th percentile (quantitative), he would have scored better than 55% of the test-writers (i.e. better than the 1st to 54th percentile) in the verbal test, and better than 48% of the test-writers (i.e. better than the 1st to 47th percentile) in the quantitative test.
The student's 55th and 48th percentile scores on the verbal and quantitative parts of the SAT respectively mean that they performed better than 55% of test-takers on the verbal section and better than 48% on the quantitative.
Explanation:In the context of the Scholastic Achievement Test (SATs), the term 'percentile' is used to measure how well a student performed relative to others. If a student scored at the 55th percentile on the verbal part, this means they performed better than 55% of the other test-takers. Similarly, scoring at the 48th percentile on the quantitative part means the student performed better than 48% of test-takers. So, in this case, the correct interpretation is: This student performed better than 55% of the other test-takers on the verbal part and better than 48% on the quantitative part.
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Asarta Inc. is polluting into a nearby fishing stream; doing so benefits them $40,000 a year. The fishermen are unhappy as their trout are dying off. Typically, the fishermen can catch trout and sell it to a local market where they can earn about $8,000 a year. Currently, Asarta Inc. has the rights to use the stream as they see fit. Which of the following is an optimal solution according to the Coase Theorem?
a. Asarta Inc. could pay the fishermen $8,500 and keep polluting
b. Asarta Inc. could pay the fishermen $7,000 and keep polluting
c. There is no optimal solution given the current property rights
d. The fishermen cout The fishermen could pay Asarta Inc. $4,000 to stop them
Answer:
a. Asarta Inc. could pay the fishermen $8,500 and keep polluting
Explanation:
The fishermen sell the fish for $8,000 a year at local market.
Due to pollution emitted by company into stream, their catch is dwindling and also their income.
The company benefits from usage of stream to the tune of $4,000 a year. In such scenario, if company compensates the fishermen for any amount between $8,000 and $40,000 then, in that case, optimal solution to the problem can be achieved in absence of any other transaction cost as per the Coase Theorem.
Therefore, The Asarta Inc. could pay the fishermen $8,500 and keep polluting.
Final answer:
According to the Coase Theorem, the optimal solution in the given scenario is for Asarta Inc. to compensate the fishermen $8,500, which is greater than their usual earnings from fishing, while still being less than Asarta's benefit from polluting.
Explanation:
The Coase Theorem suggests that if property rights are well-defined and transaction costs are low, parties will negotiate to reach an efficient outcome regardless of the initial allocation of rights. In the scenario with Asarta Inc. and the fishermen, the theorem would suggest negotiating a solution in which resources are used in the way that maximizes total value.
Given that Asarta Inc. has the rights to the stream, the optimal solution according to the Coase Theorem would likely be the one in which Asarta compensates the fishermen for the lost trout earnings but does so at a cost lower than the benefit they receive from polluting. So, option (a) where Asarta Inc. could pay the fishermen $8,500 and keep polluting is the optimal solution. This is because the fishermen gain $500 more than their usual earnings, and Asarta Inc. still benefits since the payment is less than their $40,000 benefit from using the stream.
However, it's important to note that real-world applications of the Coase Theorem may be more complex due to externalities, legal constraints, or other market failures.
Keogh Plans are characterized by all of the following EXCEPT (A)A retirement plan(B)Tax deferred earnings(C)Designed for employers who are sole proprietorships, partnerships and other unincorporated entities.(D)Tax free distributions
Answer:
D.
Explanation:
A Keogh plan is a special pension plan that is tax-deferred and only made available to self-employed individuals and strictly for retirement purposes. Therefore based on the information provided within the question it can be said that the it is characterized by all of the following except for Tax Free distributions. Mainly due to the fact that the earnings in the plan are tax deferred while still in the plan, but when distributed are not tax free.
States request assistance from other states through interstate mutual aid and assistance agreements such as:
A. Stafford Act
B. Emergency Management Assistance Compacts (EMACs)
C. Economy Act or other applicable authorities
D. Tiered Response
States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)
Explanation:
EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.
Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.
A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.
After pigs learned to pick up and deposit wooden coins in a piggy bank, the pigs subsequently dropped the coins repeatedly and pushed them with their snouts. This best illustrates the importance of ________ in operant conditioning.
Compete/Correct Question:
After pigs learned to pick up and deposit wooden coins in a piggy bank, the pigs subsequently dropped the coins repeatedly and pushed them with their snouts. This best illustrates the importance of ________ in operant conditioning.
a. conditioned reinforcement
b. latent learning
c. generalization
d. biological predisposition
Answer:
D, biological predisposition
Explanation:
Scientifically, Biological predisposition is when a subject, e.g; human, animal, plant, has internal qualities or characteristics that increases their chances of having or developing a condition.
Simply put, biological predisposition is the likelihood of a person.animal of plant to develop a condition.
In the case of the pigs, their biological predisposition to pick up and drop coins overtime caused them to push them with their snouts. This is possible bacaues of the genes the pigs inherited from their parents.
I hope this helps.
If you are married filing jointly with your spouse and your income is $65,225.00, what is the amount of federal income tax you owe?
Answer:
The answer is $7,827.00
Explanation:
The 2019-2020 federal income tax brackets varies from 10%, 12% , 22%, 24%, 32%, 35% and 37%. For a married filing jointly couple or a qualifying widow(er), with an income of $65,225.00, the tax bracket allocated will be 12% ($19,401 - $78,950) due for April 15, 2020.
A(n) ____ is a category of object, person, or other entity that poses a potential risk of loss to an asset.
Answer:
Hazard
Explanation:
A(n) Hazard is a category of object, person, or other entity that poses a potential risk of loss to an asset.
By definition, a hazard is any object or entity that is potentially harmful persons, property, or place.
Hazards could be referred to as unsafe condition(s) that if not eradicated could material and cause damage to assets in the production floor or any place
Dianne wanted to understand why affiliation is so strong in religious cults. She decided to join the cult so that she could discover how members are recruited and how their group identification is strengthened. Based on this example, Dianne is using the ______ method to collect her data. a. participant-as-observer b. observer-as-participant c. complete observer d. complete participant
Answer:
d. complete participant
Explanation:
This is a fully integrated researcher, as though they were spies. The observer indulges completely with the participants and partakes in their practices. Participants are not aware of the observation and research being carried out, even if they interact fully with the researcher. The aim is to gain a deep understanding and familiarity with some group of people, their values, beliefs and way of life. The focus group is often a subculture of a larger society, such as a religious, professional or specific community group
Dianne is using the complete participant method to study religious cults by joining the group and observing its processes from within.
Explanation:In Dianne's case, she is using the complete participant method to collect her data. This method involves the researcher fully participating in the group or context they are studying, to the point that they become a regular member. As a complete participant, Dianne joined the cult to gain first-hand experiences and deeper insights into the group's affiliation and identification processes. This allows her to directly observe and analyze how members are recruited and how their group identity is strengthened.
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Maarvel Co. has 31,000 shares of common stock outstanding on December 31, 2018. The Paid-in Capital in Excess of Par account for the Common Stock has a $150,000 balance on December 31, 2018. Maarvel Co. also has some Treasury Stock on December 31, 2018. The Total stockholders' equity on December 31, 2018 applicable to the shares of common stock is $393,700. The the par value per common share is $10. Calculate Maarvel Co.'s Book Value per share on December 31, 2018.
a. $48 38
b. $1.80
c. $0.08
d. $10.0
Answer:
$12.7 per share
Explanation:
The formula and the computation of the book value per share are shown below:
Book value per share = (Total equity) ÷ (outstanding number of shares)
= ($393,700) ÷ (31,000 shares)
= $12.7 per share
Simply we divided the total equity by the outstanding number of shares to get the book value per share
Trends in twenty-first century health care in the United States are described as revolutionary by Longenecker and Longenecker (2014). Leaders will innovate and change toward preventive and wellness health care services because of which of these trends?
a. New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.
b. Aging population, increased numbers of veterans with posttraumatic stress disorder (PTSD) and traumatic brain injury, pay-for-performance, focus on safety and quality, and medical homes
c. Advances in genomics, integrative medicine, and increased emphasis on evidence-based interventions
d. Advances in technology with HIE networks, personal health records, EHRs, and telehealth
e. Strain on emergency services, "never events," accountable care organizations, pay-for-performance, the Human Genome Project, and nurse shortages followed by a flood of new nurses have all affected and led to changes in the health care system over the last decade.
Answer: A. New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.
Explanation: The modern and recent trends and legislation which dwell more on preventive medicine and make medical care available and affordable to the everyone will help to improve the overall well being of people.
ACA (AFFORDABLE CARE ACT) which people also call the ''Obama care'' was founded in the year 2010, through a Bill passed by 111th Congress of the United States is aimed that helping to subsidize health care and make it affordable to the poor.
Innovations towards preventive and wellness health care services are driven by trends such as the aging population, increase in chronic conditions, pay-for-performance, and a focus on safety and quality, alongside the implications of new healthcare laws from the Affordable Care Act. Preventative healthcare is being emphasized due to its potential to lower healthcare system costs; meanwhile, the healthcare industry is adapting efficiency methods including telemedicine and artificial intelligence.
Explanation:Leaders in health care are expected to innovate toward preventive and wellness health care services due to several trends as outlined by Longenecker and Longenecker (2014), amongst which aging population, increase in chronic conditions such as PTSD and traumatic brain injury, pay-for-performance models, a focus on safety and quality, medical homes, and the Affordable Care Act’s new laws and regulations that aim to cut costs and improve overall health care quality are pertinent factors. In this vein, the healthcare efficiency and standardization methods include integration of telemedicine, development of new roles for healthcare professionals, compliance with insurance mandates, and innovations such as artificial intelligence. This transition in the U.S. healthcare system is a response to the challenges of controlling high costs, providing basic medical care to everyone, and balancing the system to maintain quality care, access, and cost.
Moreover, progressive political perspectives stress the importance of preventative healthcare. These perspectives suggest a shift towards government-involved health systems that focus on healthy lifestyles, regular checkups, and maintaining healthy diets, which could help in mitigating the cost burden on the healthcare system. Lastly, an essential trend pushing healthcare towards prevention and wellness services is the recognition of the economic consequences of treating rather than curing long-term chronic illnesses, such as the opioid crisis being exacerbated by the preference for long-term treatments over cures for chronic pain.
How much higher or lower will net operating income be for the year if the underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold? (?
Answer:
Higher by 39,000 dollars
Explanation:
NOTE YOU POSTED THE QUESTION BUT NOT THE PROBLEM INTRODUCTION.
Ludacris Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies to manufacture overhead cost to products on the basis of machine-hours. The predetermined overhead rate was based on a cost formula that estimates $900,000 of total manufacturing overhead for an estimated activity level of 75,000 machine- hours.
During the year, a large quantity of furniture on the market resulted in cutting back production and a buildup of furniture in the company's warehouse. The company's cost records revealed the following actual cost and operating data for the year:
Machine-hours 60,000
Manufacturing overhead cost $ 850,000
Inventories at year-end:
Raw materials $ 30,000
Work in process (includes overhead applied of $36,000) $100,000
Finished goods (includes overhead applied of $180,000) $500,000
Cost of goods sold (includes overhead applied of $504,000) 1,400,000
The company applied overhead for:
36,000 + 180,000 + 504,000 = 720,000
The actual overhead cost where 850,000
Thus, there was 130,000 dollar of underapplied overhead.
We do cross multiply to know the amount it should be allocate to cost COGS
504,000/720,000 x 130,000 = 91,000
This means we should increase COGS by 91,000 if we allcoate the underapplied overhead.
If we directly post into COGS then it will increase by 130,000
The difference of 39,000 dollars will mean a lower COGS thus, a higher operating income as a portion of the underapplied overhead is distribute among inventory and work in process.
If underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold, it will impact the net operating income.
Explanation:If underapplied or overapplied overhead is allocated rather than closed directly to cost of goods sold, the net operating income will be affected. To calculate the impact on net operating income, follow these steps:
Determine the amount of underapplied or overapplied overhead.Determine the impact on net operating income by allocating the underapplied or overapplied overhead to cost of goods sold.Calculate the difference in net operating income between allocating the overhead and closing it directly to cost of goods sold.Learn more about Allocation of overhead here:https://brainly.com/question/32005738
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Indicate whether the following items would appear on the income statement, balance sheet, or owner’s equity statement. (a) Notes payable (b) Advertising expense (c) Owner’s capital (d) Cash (e) Service revenue
Answer:
Explanation:
All revenues generated and expenses incurred during a given period are recorded in the income statement.
The Statement of equity of the stockholder includes the common stock and the retained earnings which could be used to assess the ending balance.
The balance sheet records the assets and liabilities of the organization
So, the categorization is shown below:
a) Notes payable = Balance sheet. It can be current or long term
(b) Advertising expense = Income statement
(c) Owner’s capital = owner’s equity statement
(d) Cash = Balance sheet as a current asset
(e) Service revenue = Income statement
The web-based human resource systems (eHR) that many organizations have implemented have not really helped to effectively communicate human resource programs.True/false
Explanation:
The E-HR system has not helped much to communicate effectively in human resource programs. I am listing down the disadvantages of it.
The main disadvantage is that confidentiality is lost The cost of designing E-HR is more and it is definitely a challenging one for the start up or low-budget organization.Security is one of the major issueThe organization use the software toa) convey HR details
b) induce individuals’ attitudes and behaviors.
Inconsistency with practice and usea set of economic and political relationships that organizes food production from the development of seed to marketing the products is known as
Answer:
Agribusiness
Explanation:
Agricultural business also known as agribusiness is a set of business related activities that deals with farm establishment, management, processing of agricultural product and marketing of agricultural products, it also include production and marketing of farm inputs.
Agripreneurs always operate their agribusiness on a large scale and often make use of technology which allows large scale production.
Answer:
B
Explanation:
Yes
In an example of _______, Vladimir is a manager at Auttowort Inc., an automotive plant in the United States. Auttowort has started expanding to other countries and is now sourcing 25 percent of its parts at a discounted rate from an automotive supplier in Brazil. It has also outsourced some of its operations to India. a. fiduciary responsibility. b. outplacement. c. competitive advantage. d. globalization.
Answer:
The correct answer is (D)
Explanation:
Globalisation is the most important factor that has led many firm and organisations to open their operation in other countries. Globalisation has increased the global market operations. This is an example of globalisation because the company is not outsourcing and getting their input materials from Brazil and assembling them. Globalisation has improved the quality standard because the best factor of production is now easily available.
Performance Element: Acquire foundational knowledge of business laws and regulations to
understand their nature and scope.
Performance Indicators:
Discuss the nature of law and sources of law in the United States (SP)
Describe the United States' judicial system (SP)
Describe methods used to protect intellectual property (SP)
Describe legal issues affecting businesses (SP)
Answer:
1.answer:Rules that guide the way people act or rules that prevent people from doing certain things that is against the law
2. The Judicial branch interprets the laws of the land.
3. Ways to protect your intellectual property include: copyrights,patent,trademark,trade secret, and licensing. Intellectual property is creative work created by you.
4. Lazy employees,
discrimination at the place of work, harassment, immigration audits, copy rights and patent issues, Unstable government policies. High tax rate.
Explanation:
Discuss the nature of law and sources of law in the United States (SP
answer:Rules that guide the way people act or rules that prevent people from doing certain things that is against the law .
Describe the United States' judicial system (SP)
answer:The Judicial branch interprets the laws of the land.
Describe methods used to protect intellectual property (SP)
Ways to protect your intellectual property include: copyrights,patent,trademark,trade secret, and licensing. Intellectual property is creative work created by you.
Describe legal issues affecting businesses (SP)
Lazy employees,
discrimination at the place of work, harassment, immigration audits, copy rights and patent issues, Unstable government policies. High tax rate.
Answer:
cExplanation:
i got it right on edgDiana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 less than Diana. Diana decides to lower her price and match CC's Bakery prices. What type of pricing strategy is Diana implementing?
Answer:
competitor-oriented pricing
Explanation:
competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.
For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.
Final answer:
Diana is implementing a competitive pricing strategy by matching her bakery's cupcake prices to that of her competitor, CC's Bakery. This approach is grounded in selecting prices based on competition, which can also align with the principles observed in perfectly competitive markets or strategies used by companies to adjust to cost changes.
Explanation:
When Diana decides to lower her prices to match those of CC's Bakery, she is implementing a competitive pricing strategy. This strategy involves setting a price point that is directly influenced by competitors' pricing rather than solely based on costs or demand. In the context of a perfectly competitive market, firms often select an output level where the Price equals Marginal Revenue (MR) equals Marginal Cost (MC), such as the example provided where a drop in price to $2.75 for a pack of frozen raspberries leads to a break-even point. Similarly, a messenger company experiencing a drop in gasoline prices may choose to increase its supply due to lower operating costs and the potential for higher profits.
In some cases, businesses may use predatory pricing to deter new firms from entering the market by setting prices exceptionally low, challenging the profitability and sustainability of competitors. However, Diana's strategy does not necessarily imply predatory intentions; her action might simply be a response to maintain market share and to remain competitive in her business environment.
Partners Gary and Elaine have agreed to share profits and 1osses in an 80:20 ratio respectively, after Gary is allowed a salary allowance of $30,000 and Elaine is allowed a salary allowance of $15,000. If the partnership had net income of $30,000 for 2017 Elaine's share of the income would be A) 15,000 B) 12,000 C)18, 000 D) 3,000 E) None of the above
To calculate Elaine's share of income in the partnership with Gary, deduct their combined allowances from the net income, which results in having no remaining profit for the 80:20 sharing ratio. Hence, Elaine's share is only her allowance, which equates to $15,000. The correct option is a.
The subject of this question is a business scenario which involves the calculation of partners' shares in the profit of a partnership. Gary and Elaine have agreed to a specific profit sharing ratio and allowance structure for their partnership. To determine Elaine's share for 2017, we need to take into account the agreed allowances and the profit sharing ratio.
Step-by-step solution:
First, subtract the total allowance provided to Gary and Elaine from the net income: $30,000 - ($30,000 + $15,000) = -$15,000 (a loss).
Since the allowances exceed the net income, there's no remaining profit to share according to the 80:20 ratio.
Therefore, Elaine's share of the income is only her allowance of $15,000.
The correct answer is A) $15,000.
Charlotte loves her mom's edible cookie dough recipe, and she assumes everyone else will too. She starts a cookie dough business. Charlotte views promotion, such as advertising and personal selling, as the most important activities needed to sell her product. She figures that consumers only have to learn about her product before becoming loyal and steadfast customers. What type of orientation does Charlotte seem to embrace
Answer:
Sales orientation
Explanation:
Sales orientation refers to trying to sell the products that you know how to produce instead of the products that customers need. This type of marketing approach was very common during the 1920s to early 1950s, where large manufacturing companies based their marketing strategies on promotional events, specially large discounts, instead of caring about what would satisfy their customers' needs.
Charlotte probably loves her mom's cookie dough and since she truly believes that anyone who tries it will also love it, then she should sell it. The problem with this approach is that Charlotte hasn't thought about what are her potential customers' needs and wants. Even if they like the edible cookie dough, will they buy it? Does edible cookie dough satisfy anyone's needs?
Some people argue that effective marketing will create a need even if it didn't exist, Steve Jobs was the most notorious supporter of that idea, but how many people have created products that changed the world more than once? Will edible cookie dough be so fantastic that it will change its customers' lives?
Charlotte is focused on a promotion-oriented strategy for her cookie dough business, where advertising and personal selling are seen as the main drivers of attracting and retaining customers.
Charlotte seems to embrace a promotion-oriented strategy for her cookie dough business, where she prioritizes advertising and personal selling as key activities necessary to attract customers. This approach suggests that Charlotte believes customer awareness through promotion is the principal driver of sales rather than factors such as product quality or price. A successful promotion strategy might involve creating consumer-oriented advertising, which aligns the product with the lifestyles and aspirations of the target market, or a product-oriented strategy, which underscores unique features or benefits of the cookie dough. Overall, she needs to recognize that consistent promotion is essential as one-shot sales are not enough for a business to thrive; ongoing engagement and retention strategies are key.
The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2005 when the CPI equaled 1.68. The real price of a gallon of gasoline between 1972 and 2005:
Answer:
increased
Explanation:
Data provided in the question:
Price of a gallon of gasoline in 1972 = $0.35
CPI in 1972 = 0.418
Price of a gallon of gasoline in 2005 = $2.25
CPI in 2005 = 1.68
Now,
Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]
= $0.35 ÷ 0.418
= $0.837
Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]
= $2.25 ÷ 1.68
= $1.34
Hence,
The price of gallon of gasoline increased between 1972 and 2005
Erin collides her 940-kg Mazda Miata into the rear of a 2460-kg pick-up truck which was at rest at the light on Lake Avenue. The Mazda pre-collision speed was 12.5 m/s. Determine the post-collision speed of the two entangled cars as they slide across the ice.
Answer:
3.46 m/s
Explanation:
This is actually a Physics question and not a Business question.
According to the property of conservation of momentum, the speed of the Mazda before the collision multiplied by the mass of the Mazda must equal the speed after the collision multiplied by the mass of both cars:
[tex]m_1v_1=(m_1+m_2)*v_2\\940*12.5=(940+2460)*v_2\\v_2= 3.46\ m/s[/tex]
The post-collision speed of the two entangled cars is 3.46 m/s.
Laverne took out a 26-year loan for $131,000 at an APR of 8.8%, compounded monthly, while Shirley took out a 26-year loan for $106,000 at an APR of 8.8%, compounded monthly. Who would save more by paying off her loan 15 years early?
Answer:
Please see explanation.
Explanation:
Both the Laverne and Shirley will save significant amount of money, if they decide to pay the loan after 11 years instead of 26 years but the Laverne will save more than the Shirley because the loan taken by the Laverne is $25,000(131,000-106,000) more than the Shirley.
Other terms of the loan i.e. interest rate, compounding and loan maturity periods are same, therefore these other terms will not affect the savings to be made on early payments.
Answer:
Laverne would save more, since she has $25,000 more in principle.
Explanation:
In an informed and voluntary exchange,__________.a. both parties receive something they value more than what they gave up.b. both parties place an equal value on what they received and what they gave up.c. neither party can gain more than the other.d. one trader can gain only at the expense of the other.
Answer:
a. both parties receive something they value more than what they gave up
Explanation:
Voluntary exchange is a practice where buyers and sellers freely and willingly partake in transactions, and these transactions are made in win-win methodology which implies that both parties are better off after the exchange than before.
Therefore in an informed and voluntary exchange both parties receive something they value more than what they gave up.
Financial institutions Aa Aa Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers. Identify the financial institution based on each description given in the following table: Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
Answer:
Financial Institution:
-Saving and Loans Associations
-Investments Banks
-Commercial Banks
Explanation:
Financial institutions Aa Aa Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institutions as investment banks, commercial banks, financial services corporations, credit unions, pension funds, life insurance companies, mutual funds, exchange traded funds, hedge funds, and private equity companies play a key role in facilitating these transfers. Identify the financial institution based on each description given in the following table: Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
The source of this question has only include one sub question
Description Financial Institution These government-chartered institutions accept deposits from savers and use the pool of deposits to provide loans, usually fixed-rate mortgages, to borrowers.
Financial Institution:
-Saving and Loans Associations
-Investments Banks
-Commercial Banks
The above are institutions that gather funds in terms of savings account, current account ,fixed deposit accounts and other charges to pull funds together. They make profit through investments in other vehicles like bonds, stocks, foreign Exchange. They lend out money to customers who financially buoyant to return the money lend out to them, through making collaterals and guarantors available.
The principle that studies the relationships between participants in the marketplace, such as buyers and sellers or landlords and tenants, is the principle of______________--
Answer:
The principle of Competition
Explanation:
The principle that studies the relationships between participants in the marketplace, such as buyers and sellers or landlords and tenants, is the principle of Competition