Answer:
Strategic Planning
Explanation:
Strategic planning are used to develop multiple year plan, and are usually generated by senior level managers based on a situational analysis, competitive assessments, and external factors of the organization.
Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of
1. ending an oligopoly2. creating an oligopoly3. vertical consolidation4. horizontal consolidation
Answer:
4. Horizontal consolidation
Explanation:
Horizontal consolidation is a process in which the companies which are producing the same or similar goods or providing the similar or same services merges together or one company gets acquired by the other company.
Sometimes Horizontal consolidation may lead to a risk of one company becoming a monopoly.
But Horizontal consolidation also sometimes benefits the customers by reducing the prices because of the large economic scale.
Answer:d
Explanation:test
You are tasked with generating twice the amount of qualified leads your company generated last quarter. With your company’s bottom line and return on investment in mind, which of the following is the most strategic approach to take?
a. You could invest more resources in the short term, exponentially driving up the amount of traffic coming to your site to increase revenue.
b. You could increase the chances of your current traffic choosing to convert and move down your funnel.
c. You could invest additional resources in your sales team.
d. You could increase the budget of your services team.
Answer:
b. You could increase the chances of your current traffic choosing to convert and move down your funnel
Explanation:
This has the ability over time to significantly lower the cost of acquiring a customer and to have a positive impact on your return on investment.
When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. Which brand development strategy did Coca-Cola use in launching Disani?
A. New brandB. MultibrandingC. Line extensionD. LicensingE. Brand extension
Answer: New brand.
Explanation:
The Coca-Cola company launched it's new brand of bottled water into the market. A brand is a name given to a particular product/service by which it can easily be identified.The Disani water is a new brand introduced into the market by which the Coca-Cola water products would be identified.
Coca-Cola used a Brand extension strategy to launch Dasani by utilizing its well-known brand name to enter the bottled water market, leveraging its reputation and distribution channels amid changing consumer preferences.
Explanation:When Coca-Cola saw the growth of the bottled water category, they launched Dasani, its brand of bottled water. The strategy Coca-Cola used in launching Dasani is best described as a Brand extension. This strategy involves taking an existing brand name and using it on a new product that is in a different category. Coca-Cola, a company primarily known for its carbonated beverages, ventured into the bottled water market by launching Dasani. This move allowed Coca-Cola to capitalize on its strong brand name and reputation to gain a foothold in the expanding bottled water segment, leveraging its existing customer base and distribution channels.
Bottled water became the second largest commercial beverage category by volume, showing consumers' receptiveness to new bottled beverage choices beyond traditional soft drinks. Coca-Cola's introduction of Dasani utilized its brand equity to adapt and expand into new market opportunities presented by changing consumer preferences towards healthier beverage options.
Three examples of solutions to the problems of a monopoly are harnessing the benefits of ________, ________ trade barriers, and ________ markets.
Answer:
1. harnessing the benefits of competition.
2. reducing trade barriers
3. regulating markets.
Explanation:
harnessing the benefit of competition
The use of competition in a market will enable consumers get the best possible prices, quantity, and quality of goods and services. competition in a market will also boost innovation allowing each firm producing similar goods to improve the quality of their products so as to gain more market share.
Reducing trade barriers
When trade barriers such as quota, embargo, tariffs are reduced in the market, it becomes easier for firms to compete with a other firms. Reduction of trade barriers will encourage more firms to enter a market that previously had a single supplier of a commodity .
Regulating market
A regulated market is a kind of market where government control the force of demand and supply like determining who is allowed to enter the market and determine what price to be charge. Markets that are natural monopolies are usually regulated to avoid exploitation of consumers
Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2 and $149,700 for Year 1. Operating expenses are $122,800 for Year 2 and $127,245 for Year 1. Which of the following statements are true?
A. Operating income has decreased as a percentage of revenue.
B. Operating income has increased as a percentage of revenue.
C. None of these choices are correct.
D. Operating expenses have increased as a percentage of revenue.
Answer:
(B) Operating income has increased as a percentage of revenue
Explanation:
Conducting a vertical analysis,
Operating income (year 1) = Fees earned, less operating expenses
= 149,700 - 127,245 = $22,455
Therefore operating income as a percentage of revenue = 22,455/149,700 = 15%.
Operating income (year 2) = 153,500 - 122,800 = $30,700
Therefore operating income as a percentage of revenue = 30,700/153,500 = 20%.
Therefore, operating income as a percentage of revenue increased from year 1 to year 2.
The vertical analysis of the income statements for the two years shows that operating income as a percentage of revenue has increased from 15% to 20%. Thus, the correct answer is B. Operating income has increased as a percentage of revenue.
Explanation:To perform a vertical analysis, each item on the income statement is represented as a percentage of revenues or fees earned. We first calculate operating income by subtracting operating expenses from fees earned.
Year 1:Operating income is $149,700 (fees earned) minus $127,245 (operating expenses), which gives us $22,455. As a percentage of revenue, this is $22,455 / $149,700 x 100 = 15%.
Year 2:Operating income is $153,500 (fees earned) minus $122,800 (operating expenses), which provides $30,700. As a percentage of revenue, this is $30,700 / $153,500 x 100 = 20%.
Comparing these two results, it's seen that the operating income as a percentage of revenue has increased, so the correct answer is B. Operating income has increased as a percentage of revenue.
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When a firm grows larger, many additional layers of managers are sometimes added that do not actually produce any output. At the same time, the firm gains additional bargaining power over the prices it pays to its suppliers. If both of these factors have an equal effect, we would expect this firm to experience:________A. diminishing marginal returns.B. diseconomies of scale.C. constant returns to scale.D. economies of scale.
Answer:
C
Explanation:
C) constant returns to scale.
Returns on scale - when an increase in inputs (capital and labour) cause the same proportional increase in output.
Both the factor nullifies the effects of each other as managerial inefficiency will decrease the effect of external economies of scale in form of bargaining power so constant return to scale is expected.
"The price of a new car increased by 2/3 over the last five years. If the original price of the car was $12,000, what is the price today?"
Answer:
$20,000
Explanation:
First find 2/3 of $12,000. It is $8000.
The price of the car today = $12,000 + $8000= $20,000.
I hope my answer helps you
Although Starbucks, Dunkin' Donuts, and McDonald's all strive to provide a good cup of coffee and pastries to their respective target markets, the difference in who they target, how they design their marketing mix, and what they choose as the basis of building their competitive advantage is directly related to their own:_________.A. competitive focus.B. consumer franchise.C. market leadership.D. marketing strategy.E. competitive direction.
Answer:
D) marketing strategy.
Explanation:
A marketing strategy is an action plan that a company must follow in order to achieve their marketing objectives. Generally speaking, the marketing objectives of every company should be to increase sales, market share and maximize profits. The marketing strategy should help the company use its resources in the most effective way in order to obtain the best possible results.
Marketing strategies include:
selecting the appropriate target marketpreparing the marketing mix (4 Ps for products and 7 Ps for services)A mortgage where the interest rate fluctuates and is usually tied to an index; payment amount increases are capped for each period and for the term of the loan is called
a Reverse Annuity Mortgage (RAM).
a wraparound mortgage.
a participation mortgage.
an Adjustable-rate Loan (sometimes called an ARM).
Answer:
an Adjustable-rate Loan (sometimes called an ARM).
Explanation:
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a home mortgage with the rate of interest on the bond changed regularly depending on a measure that represents the financing expense to the applicant on the financial markets.
The loan can be given at the regular variable rate / base rate of the lender. There may be a direct and legally defined link to the underlying index, but where the lender does not provide any specific link to the underlying market or index the rate may be changed at the discretion of the lender.
The company has also decided to retain the existing salesperson for working in one of the territories and to appoint a new salesperson for the other. This decision would most likely result in the unethical treatment of:___________. a) the existing salesperson in the territory. b) the new salesperson appointed to the territory. c) the key accounts in the territory. d) the customers in the sales territory. e) the wholesalers in the territory.
Answer:
a) the existing salesperson in the territory.
Explanation:
This decision of wanting to appoint a new salesperson for the other territories would result in an unethical treatment of the existing salesperson in the territory.
The owners of Speed-EZ, a new bike messenger service, are concerned about how they will manage their messengers once the messengers have left the office. This is a business problem that falls into the:_______.
a) management dimension.
b) people dimension.
c) organizational dimension.
d) technology dimension.
E) cultural dimension.
Answer: (B) People dimension
Explanation:
The people dimension is the term which used to refers to the various types of business problem where it involve various types of leadership issue in the business and also the management behavior in an organization.
The marketing growth ate transformed in terms of information system as it required a strong networking for managing their messengers services in the office.
There are basically three types of dimension in the business problem are as follows:
PeopleOrganizationTechnologyTherefore, Option (B) is correct answer.
Professional certifications are important and can often lead to higher salaries. The ________ program recognizes individuals that have achieved the industry's highest standards of professionalism within the MEEC Industry.
Answer:
CPM
Explanation:
CPM is the abbreviation for Certified Public Manager. It is a professional establishment that has the responsibility of improving performance and best practice standards for public sector managers.
A CPM program is a comprehensive management development program basaed on certain criteria. At the end of a CPM program, a CPM degree is awarded to show the completion of the program and improved managerial capabilites.
Cheers.
Professional certifications are important and can often lead to higher salaries. The Certified MEEC Professional (CMP) program recognizes individuals who have achieved the industry's highest standards of professionalism within the MEEC Industry.
The sentence provided in the question is incomplete and requires the name of a specific program that recognizes individuals for their professionalism within the MEEC Industry. The MEEC Industry is a term that is not commonly defined, but for the purpose of this question, we can assume it refers to a specific sector or field.
The sentence structure implies that the blank should be filled with the name of a certification program that is well-regarded in the industry. The Certified MEEC Professional (CMP) program is a hypothetical certification program that fits the context of the sentence. It suggests that individuals who have been recognized by this program have demonstrated exceptional professionalism and have met the highest standards set by the industry. The use of the word ""Certified"" indicates a formal recognition, and ""Professional"" denotes a level of expertise and conduct expected in a professional setting. The acronym ""CMP"" is often used in various industries to denote a Certified Management Professional or other similar certifications, which aligns with the context of professional achievement.One of the three basic questions an economy has to face iswhere goods and services will be produced. True or False: Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with.
A. True
B. False
Under market organization, individuals can communicate their preferences to other decision makers directly and indirectly.
Explanation:False: Under market organization, individuals can communicate their preferences to other decision makers both directly and indirectly.
Direct communication occurs when individuals express their preferences through conversations, surveys, or feedback forms. Indirect communication occurs when individuals make choices in the market, such as buying certain products or services, which reflect their preferences.
For example, if a person prefers organic food, they can directly communicate this preference by talking to farmers or food producers. They can also indirectly communicate this preference by choosing to buy organic food from the market.
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22. Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities?
Answer:
Identifying and typing resource
Explanation:
Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.
The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.
Resources are the categories of the typing through the capability, the mobilized the incident management and the response.
Therefore, the identifying and the typing resource is the resource management activity.
Identifying and Typing Resources is the resource management activity that establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities. This standardization helps communicate resource needs effectively across teams and organizations, aiding in the better organization, allocation, and utilization of resources.
Explanation:The resource management activity that establishes common definitions for capabilities of personnel, equipment, teams, supplies, and facilities is known as Identifying and Typing Resources. It's a crucial step in resource management that helps in interpreting resource needs effectively. By creating a standardized set of characteristics and associated performances, teams and organizations can communicate their needs appropriately.
For example, a team may identify and type the resources needed for a construction project. They might specify the number of workers, types of machinery, quantity of construction materials, and various facilities needed like transport, storage, etc. By providing clear definitions, they are setting an expectation of what is required to successfully complete the project. This facilitates better organization, allocation, and utilization of resources.
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Using memory skills such as getting better organized, paying attention, using visualization strategies, and rehearsing information for later retrieval are all considered __________ strategies.a) long-term memory
b) short-term memory
c) schema
d) mnemonic
Answer:
d) mnemonic strategies
Allowing a company to organize all its videos in one place, making it easy for visitors to get automatic video updates is an example of what?
Answer:
A branded channel on you-tube
Explanation:
You-tube is a place where everyone can generate, upload, and download videos of their happiness. A company can also do similar things to get updated. If a company produces advertisements, it can create a channel for its customers. That channel will help the company to update the new videos for the visitors and customers. It will organize the videos as well.
A married couple abandoned their principal residence in May. They had purchased the house five years ago for $350,000. The house had a current fair market value of $300,000. What is the maximum loss, if any, that they are allowed to deduct on the current-year's tax return for the abandoned property?
Answer: $0
Explanation: As stated in the internal Revenue Code(IRC) as regards the limitations on losses of individuals. Summarily, Losses can only be deducted from tax returns if:
1. Loss is incurred in a trade or business.
2. Loss arising from a profit oriented transaction.
3. Loss arising from theft, casualty or Natural disaster.
However, Loss in the question above can be attributed to abandonment arising from the couple's personal decision which is not covered jn the reasons for loss deduction from tax income stated in the IRC.
Final answer:
The married couple cannot deduct any loss from the abandonment of their principal residence, despite the decrease in value, because personal use property losses are not deductible under the U.S. tax code.
Explanation:
According to the U.S. tax code, losses on the sale or abandonment of personal use property, such as a primary residence, are not deductible. The married couple in the scenario cannot claim a loss on their abandoned property, even though the fair market value is less than what they paid for it. If this were an investment or business property, the tax treatment would be different, and they might be able to claim a deductible loss.
When it comes to personal residences, the tax code is designed to provide tax benefits for gains (within certain limits) under the home sale exclusion, but it does not allow for the deduction of losses in value. This is to prevent tax benefits from being used for declines in the value of personal-use property, which typically fluctuate over time.
Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finished products), outbound logistics (storing and distributing finished products), sales and marketing, and service are all
Answer:
Primary Activities of the Value Chain
Explanation:
Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finished products), outbound logistics (storing and distributing finished products), sales and marketing, and service are all primary activities of the value chain
According to Porter, the primary activities of the value chains includes: Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities.
The goal of the five sets that make up the primary activities is the creation of value that is higher than the cost of the activities (value creation) hence generating profit.
Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ?
Answer:
The difference is $9,450,000
Explanation:
Market Value of Share = $27.50 x 530,000
=$14,575,000
Book Value = $5,125,000.
Difference = $14,575,000- $5,125,000.
=$9,450,000
The market value is greater than book value by $9,450,000
When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered:_____________
The practice outlined in the question is not typical. Insurance premiums are usually set based on risk factors, not financial position. The scenario could be an example of adverse selection, wherein high-risk individuals overburden the insurance system.
Explanation:The practice of charging higher insurance premiums based on financial status is not standard in the industry. Typically, premiums are set at actuarially fair levels. This means that individuals end up paying an amount that accurately represents their risk group. Insurance companies might charge higher premiums for those who pose a higher risk. For example, those who already have a chronic disease or older individuals might be charged more due to their expected healthcare costs. Similarly, young male drivers may be charged more for car insurance than young female drivers because they have a higher risk of getting into car accidents. However, financial position isn't usually considered a direct risk factor.
The issue described in the question may be an example of adverse selection. This happens when groups with inherently higher risks than the average person seek out insurance, causing strain on the insurance system. However, this usually applies to higher health-related risks, not financial positions.
Because people in high-risk groups could find themselves charged so heavily for insurance, they might choose not to buy insurance at all. This scenario could force the insurance company to create some way of separating insurance buyers into risk groups with some degree of accuracy or make those with low risks compulsory to buy insurance.
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When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered unfair discrimination because the rate difference was based on financial status rather than factors directly related to the insurance coverage's risk.
The concept of unfair discrimination in insurance arises when insurers use irrelevant factors to determine premiums. Typically, insurance companies consider factors such as age, health status, and lifestyle habits like smoking to assess the risk. However, using financial status as a basis for deciding insurance premiums is deemed unfair because it does not directly correlate with the risk of an insured event occurring. This can lead to unequal treatment of policyholders who otherwise have similar risk profiles, potentially violating legal and ethical standards in the insurance industry.
The actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization. True False
Answer:
False
Explanation:
The climate of the organization refers to the work environment that is perceived by the employees. A positive environment improves employee satisfaction and because of that managers try to maintain this. They can asses the climate in their work groups and make changes in management practices that can affect the working climate. Because of that, the statement that says that the actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization is false because the managers as the leaders can improve or not the climate of the organization with their decisions.
The interaction of buyers and sellers who trade long-term or intermediate-term money instruments"" is the definition of the _____________ market.
Answer:
Capital Market
Explanation:
Capital Market -
It refers to the channelization of the investment and the savings , by the buyers and seller , is referred to as the capital market .
It is also known as the financial market.
The units which have the capital are institutional and retail investors ,
and the people in search of capital are the people , businessman , government.
The capital market is used in the primary as well as secondary market.
The various capital markets are - the bond market and the stock market.
Hence, from the given information of the question,
The correct term is capital market.
Cassie works as a salesperson at Lumber Needs. While demonstrating to a customer how to use a power saw, she accidentally cuts the customer on the arm, requiring a visit to the hospital and several stitches. Which of the following is true of the scenario
a. Lumber Needs is not vicariously liable because it was an accident
b. Lumber Needs is vicariously liable because Cassie was not acting within the course of employment.
c. Lumber Needs is not vicariously liable because Cassie was not acting within the course of employment.
d. Lumber Needs is vicariously liable because Cassie was acting within the course of employment.
Answer:
d. Lumber Needs is vicariously Liable because Cassie was acting within the course of employment
Explanation:
Vicarious Liability
Vicarious Liability is a third party responsible liability. Someone else is liable for another's actions or errors. This liability is usually because the one originally liable has been proven to be working within the course of agreement of the third part as at the time the liability occurred.
This type of liability is usually taken in the workplace, where an employee working within the context of his/her working condition or agreement with the employer commits a liability. As such the employer is liable for the act.
Cassie was demonstrating a power saw as a salesperson of Lumber needs, therefore, she was working within the context of her agreement with Lumber needs.
Describe a time when you form an ongoing working relationship with someone from another team/organization to achieve a mutual goal when it was not easy to do.
Answer:
Marketing collaboration with a Business Competitor
I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.
To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.
Explanation:
I once participated in a marketing collaboration with a business competitor, with a focus on increasing the market share of my organization.
To this end, we paid a courtesy visit to ALL key existing and potential clients in the industry, with a focus on positioning our organization for current and future business.
Many business users in the 1980s referred to their mainframes as "the black hole," because all the information went into it, but little ever came back and ad hoc real-time querying was virtually impossible.
Answer:
TRUE, many business users in the 1980s referred to their mainframes as "the black hole".
Explanation:
Most enterprise users in the 1980s referred to their computers as "the black hole," since all the experience went into this one, but little ever went back and it was nearly hard to test ad hoc in actual-time.Business software have shifted from encoding and monitoring of transactions to other operations.Before the 1980s, the knowledge and program demands were often diverted into a ' black hole ' queue through mainframe networks of ' dumb ' terminals.In companies which follow a centralized organizational system, who among the following is likely to be given the title "marketing communications manager"?
Answer:
advertising manager
Explanation:
Centralized organizations are very rigid structures where most of the decisions are made by upper management and then passed to lower management levels.
In centralized organizations, the advertising (marketing) department is responsible for developing promotional plans that must be approved by upper management who will then set a promotional budget and overall marketing objectives.
Centralized organizations that tend to favor in-house advertising usually do it because it lowers costs, but they also have serious issues with flexibility and creativity.
According to the Porter (1996) article on Strategy, if there were only one ideal position in a market segment, there would be no need for strategy.
Answer:
True
Explanation:
The whole purpose of developing a strategy is to create unique and valuable market position, but f there was only one good market position, then every company would just try to reach that position. Through their own particular strategy, each company must try to differentiate themselves from the competition and hopefully reach the intended market position.
Political divisions first surfaced over the financial plan developed by Secretary of the Treasury Alexander Hamilton. Identify the five parts of Hamilton’s financial plan.
a. creation of a new national debtb. creation of the Bank of the United Statesc. encourage the development of factories by imposing a tariff on imported goodsd. establish the new nation's credit worthinesse. impose a tax on whiskey producers in order to raise revenue
Answer:
Five parts of Hamilton's financial plan are as follow.
New National debt generation.The establishment of a United States Bank. Encourage plant growth by enforcing tariffs on goods manufactured. Establish credit-worthiness for the new nation. Impose a tax on whiskey manufacturers to increase profits.Explanation:
The federal debt is the government's debt and public debt. It is also named national debt, state debt The Bank of the U.S was set up by Alexander Hamilton in 1791 to act as a warehouse for government funds and as the monetary officer of the court.A tariff's primary effect is to increase the price of goods and reduce the amount. The high price defends rivalry in the domestic industry.Creditworthiness is how it is calculated by a company or country that it will default on its debt obligations or how eligible it is to receive new credit.The bill imposed a state tax on domestic and foreign spirits, set aside to cover a part of the previous acquisition of state debts by the government.What term refers to radical change that tends to be both multidimensional and multilevel, involving discontinuous shifts in thinking or perceiving things?
Answer:
transformational change
Explanation:
Transformational change: A shift in an organization's business culture resulting from a change in the underlying strategy and processes used by the organization in the past. A transformation change is designed to be organizational in nature and will be implemented over a period of time
Mike and Teresa Garza have a monthly gross income of $5,000, but they pay $1,000 per month in taxes. They also pay $2,000 per month in various loan payments. What is their debt service ratio?
Answer:
40%
Explanation:
Debt service ratio is the rate at which an individual allocates a certain amount to reduce debt value till the debt is totally offset.
In the above question, Mike and Theresa pay $2,000 to offset various loans(debts). To calculate the debt service ratio of the couple, the amount paid to service loans is expressed as a percentage of their total income.
We have,
$2,000 x 100%
$5,000
= 0.4 x 100%
= 40%
Therefore, the debt service ratio of Mike and Theresa is 40%.
Cheers.