Answer:
Comparative advantage
Explanation:
The comparative advantage is a theory that refers to the situation in which a country can provide a product or service at a lower opportunity cost than other countries. This country would focus and producing that product or service in which is more efficient and will engage in international trade to get the other products from other countries. Because of this, this is an example of comparative advantage as the United States focused on software and engineering services because is more efficient in producing them and buys clothes and electronics from other countries.
Title to a certain real property is being held in a trust as collateral for a loan. What kind of deed will the trustee use to convey the title to the borrower when the loan terms are satisfied?
Answer: Reconveyance deed
Explanation: A Reconveyance deed is used to indicate that a borrower has paid his loan or debt in full. A Reconveyance deed is issued by the trustee or lender to signal the transfer of title to the original owner after he or she must have satisfied the term of loan issued by the trustee. A Reconveyance deed is usually notarized containing a legal description of the property and its parcel number.
The human growth hormone produced by __________ bacteria is identical to the human growth hormone produced by humans because both are coded by the same DNA sequence.
Answer:
The human growth hormone produced by transgenic bacteria.
Explanation:
The first species to be transformed in the experiment were transgenic bacteria commonly known as Genetically Bacteria, owing to their basic genetics. Such bacteria are now used for multiple purposes and are especially important in generating large quantities of pure human proteins for medicinal usage.
For example, a rat that introduces a novel chromosome into an organism's germline and then domesticated to involve that novel gene reliably is termed as a transgenic gene rat.
The human growth hormone produced by Escherichia coli bacteria is identical to that produced by humans because it is coded by the same DNA sequence.
The human growth hormone produced by Escherichia coli (E. coli) bacteria is identical to the human growth hormone produced by humans because both are coded by the same DNA sequence.
This is possible due to recombinant DNA technology, where the HGH gene is cloned from a cDNA library and inserted into E. coli cells using a bacterial vector.
This allows the bacteria to produce HGH that is molecularly identical to human-produced HGH, making it suitable for treating growth disorders in children.
Therefore, correct answer is "Escherichia coli" bacteria.
The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of __________. A. FeedbackB. InformationC.Competitive intelligenceD. Data
Answer: (C) Competitive intelligence
Explanation:
The competitive intelligence is one of the process of analyzing the various types of information that helps in learned abut the market, consumers and the competitors.
The main objective of the competitive intelligence is that it helps in support the various types of strategic decisions in an organization.
According to the given question, the competitive intelligence is helps in gathering the data for improving the ability of an organization in this competitive environment.
Therefore, Option (C) is correct answer.
Henry decided to organize what he is studying by paying attention to chapter outlines, headings, objectives, learning outcomes, and test questions. This best illustrates the use of _____ organization.
Answer: Hierarchical organization
Explanation:
The hierarchical organization is one of the type of organization structure in which the authority are basically divided into the different levels in the form of chain of command and the vertical link.
The higher level in the organization hierarchy controlling the lower level in the organization and the hierarchical structure is basically refers to the pyramid.
According to the given question, Henry decided to organizing all his sty material in the form of hierarchy such as objective, learning, outline and outcome and this situation best illustrating about the hierarchical organization.
Therefore, Hierarchical organization is the correct answer.
The nurse performs discharge teaching for a client receiving trifluoperazine. which client statement indictates to the nurse that teaching is successful?
Answer:
1) CORRECT— Trifluoperazine is an antipsychotic drug and is excreted in breast milk. This contraindicates breastfeeding.
2) INCORRECT— Without consulting the health care provider the company should not increase or decrease the dose.
3) INCORRECT — Trifluoperazine has a side effect on dry eyes. To control this side effect, the client should use artificial tears.
4) INCORRECT-Trifluoperazine's side effects include weight gain. Clients should routinely track calorie intake and exercise.
A divisional manager is suspected of adding ghost employees to the payroll. Which investigative method can most easily uncover this type of fraud?
Answer:
Concealment method
Explanation:
The distribution concealment technique in a randomized survey masks the process of grouping study patients into treatment groups, so that this information can not be manipulated. Sufficient invisibility of distribution helps to deter participants in the study from choosing care assignments for items.
Withdraw or delete from evaluation by using a false name to avoid or prohibit identification or revealing of one's identity.
by using this method manager will able to uncover the frauds.
An inferior gooda) has a negative income elasticity b) is one where the demand curve shifts to the left when income goes upc) exists only in theoryd) is low-quality goode) both a and b are true
Answer: Has a negative income elasticity.
Explanation:
An inferior good demand would drop with an increase in income of the consumers of it, therefore inferior good normally experience negative income elasticity of demand. This drop occurs because, as consumers earn more they would now love to buy original goods.
A graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and future employment requirements is called:
a. a staffing table.
b. an organization chart.
c. a skills inventory.
d. career planning.
Answer:
a. a staffing table.
Explanation:
A staffing table -
It refers to the pictorial or the graphical arrangement of the jobs in a firm , where the number of current employees working and their positions and the number of any future vacancy all are represented , is referred to as a staffing table.
It enables the people to get proper idea and information of the organisation or the company .
Hence , from the information of the question,
The correct option is a. a staffing table.
A organization chart is the graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs.
The organizational chart refers to a diagram representation which shows the company's job roles, responsibilities and relationships.
The organizational chart shows the graphical arrangement of the jobs in a firm, number of current employees and their positions.
The organizational chart enables the staffs to have a proper idea and information of the organisation.
In conclusion, the Option A. is correct.
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The "Hate Thousand Miles" campaign seeks consumers' attention through the unusual approach of acknowledging and embracing the hate some people feel for Spirit and other airlines. This unique tactic is an example of which stage of the 4E framework for social media?
a. experience
b. education
c. engagement
d. excitement
e. exploration
Answer: (D) Excitement
Explanation:
The excitement is one of the first stage of the 4E framework in which the various types of campaign of the social media try to gain interest and also the attention of the consumers.
The excitement stage basically excite the customer for the different types of offers by using the social media and the various types of mobile media for establishing a good imprint about the products in minds of customer.
According to the given question, the excitement is one of the example of unique tactic stage in the 4E framework.
Therefore, Option (D) is correct answer.
Ceteris paribus, when the price of tuition increases, fewer people will choose to go to college. What do we mean by ceteris paribus in this statement?
a. We also assume fewer students are entering high-paying college majors
b. We know that college graduates are also currently earning lower wages
c. Fewer students attend college because classes are getting more difficult
d. All of the above
e. None of the above
Answer:
Option "D" is most suitable answer for the question.
Explanation:
Ceteris paribus involves keeping all other variables stable. So in our situation, because we recognize that a rise in tuition fees could result in fewer people deciding to join college, we believe that other causes that we don't realize might affect fewer people choosing to join university will stay.
Therefore Option "D" is the most suitable option for the above type of problem.
________ planning is a managerial decision process that matches an organization’s resources and capabilities to its market opportunities for long-term growth and survival.
Answer: Strategic Planning
Explanation:
The strategic planning is one of the type of business strategy in which the various types of management activities are used for strengthening the operations, focuses on the company resources and the energy.
The main objective of the strategic planning is that it helps in the decision making process and also control the company mechanisms by implementing various types of plans and the strategy for achieving the desired goals of an organization.
According to the given question, the strategic planning is one of the type of long term growth planning as it helps in matching the various types of organization resources and the opportunities according to the market evaluation or progress.
Therefore, Strategic planning is the correct answer.
On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the sales discount be if the payment is received on January 9?
a.$8,750
b.$1750
c.$10,000
d.$26,250
Answer:
b. $1750
Explanation:
Provided that
Sale of the company = $87,500
Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days
The amount of the sales discount would be
= Sale of the company × discount percentage
= $87,500 × 2%
= $1,750
We simply multiplied the sale of the company with the discount percentage so that the sales discount could come
Liability of foreignness is the inherent disadvantage experienced by foreign firms in host countries because of their non-native status.True / False.
Answer:
True
Explanation:
It is an inherent disadvantage that foreign firms experience in the host country because of non-native status. It is considered as liability of foreignness as foreign companies are well versed with the cultural difference, tax policies and people´s response to the product and services produced, therefore foreign companies need to invest resources to learn the technique of business in different country.
To have competitive advantage in the foreign market, the companies should have organized resources, cost to compete and capabilities to offset the liability of foreignness.
Dry Gulch Farms hires Elliot to repair its irrigation system on site on a certain date for $2,500, but Elliot does not show up as agreed. Dry Gulch hires Fernando to do the job for $2,000. Dry Gulch may recover from Elliot:_______.
a. nothing.b. compensatory damages.c. consequential damages.d. nominal damages.
Answer:
D. Nominal Damages
Explanation:
Where there is a breach of contract, especially as recored between Dry Gulch Farms and Elliot (who was hired to repair the irrigation system on a certain date for $2500), the law permits the wronged party who becomes a plaintiff/ Claimant to recover damages from the party who breached the contract.
Damages are monetary in nature and are usually paid by the claimant for the breach of contract. The type of damages to claim however, depend on the nature of the breach of contract.
However, in a situation where the breach of contract did not lead to an actual financial loss, then the claimant can only clain nominal damages. In this question, since Fernando was subsequently hired to do the job for $2000 less than the $2500 agreed with Elliot, then there are no financial losses and Dry Gulch farms can claim nominal damages
Answer:
Nominal damages
Explanation:
Nominal Damages
Nominal damages is a damage award, normally issued by a court when a technical loss has occurred, but where there was no actual financial loss as a result of that wrong.
Elliot does not show up as agreed to repair Dry Gulch Farms's irrigation system so they may recover nominal damages from Elliot even though there was no financial loss
If a worksite includes more than one set of management and workers, who should have access to the information, training, and controls needed to avoid workplace accidents?
Select the best option.
One manager per worksite
Every worker and manager
One manager per set of management within the worksite
Every worker and manager per set of management within the worksite
Everyone in the worksite including all workers and managers, regardless of the number of sets of management and workers, should have access to safety information, training, and control to avoid workplace accidents. This consensus enhances an effective response to risks and accidents. Option 2 is correct.
Explanation:In matters of safety within a worksite,(option 2) every worker and manager should have access to vital information, training, and control needed to avoid workplace accidents regardless of the number of sets of management and workers within the worksite. This is because everyone in the workplace contributes to the overall safety. For example, a worker who is well-aware of the risks and controls in place can react appropriately during accidents and even prevent them from happening.
Meanwhile, managers who understand these risks can plan accordingly and ensure that these preventative measures are well-implemented and efficiently communicated throughout the staff. On a broader context, this principle is embedded in Occupational Safety and Health Administration (OSHA) regulations.
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A Bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the the rate of 18% per year. If the interest recieved totaled $1000, how much was loaned at 8%?
Answer:
amount loaned at 8% interest is $11.60
Explanation:
given data
loan = $12,000
rate = 8% per year = 0.08
other rate = 18% per year = 0.18
interest receive = $1000
solution
we first consider here amount for loaned at 8% = x
so here amount for loaned at 18% will be = $12,000 - x
so we can say interest received equation will be here as
$1,000 = (0.08)x + (0.18)($12,000 - x)
solve it we get
x = $11.600
so amount loaned at 8% interest is $11.60
A company can differentiate itself from competitors using symbols such as McDonald's golden arches, Twitter's bird, and the Nike swoosh. Which type of differentiation is this?
Answer:
Image differentiation
Explanation:
Image differentiation, involves using images and company logo to differentiate itself from other brand competitor.
Ryan is trying to dispel the myth that the role of salespeople is to "sell refrigerators to Eskimos." He tells his salespeople that their organization needs to be a customer-centric organization that helps customers:
A. by identifying problems.
B. by finding information about potential solutions.
C. by providing after-sale service.
D. by making the customer the center of their efforts.
E. all of the above.
Answer:
E. All of the Above
Explanation:
A customer centric organisation represents an organisation that puts the customer of its products as well as their experience with the product at the centre of its activities. Customer satisfaction both before and after sales of products is core to such organisations.
Since, Ryan is trying to promote a customer centric organisation which emphasizes satisfaction before and after sales, then all the options listed are important.
Salespeople should be able to identify customer problems while trying to purchase and during use, salespeople should not only identify these problems but must also find and suggest potential solutions to them.
After-sale service is core because customer experience with the product of such organsation is also as important as their buying experience.
Finally, since all these activities are customer centered, it is good to assume that such organisations and their salespeople make their customers the center of their efforts.
Final answer:
Ryan is advocating for a shift towards a customer-centric organization, which includes identifying customer problems, providing solutions, after-sale service, and focusing on the customer's needs as a whole. This customer-centric strategy contributes to establishing stronger customer relationships and better business outcomes.
Explanation:
Ryan is illustrating a paradigm shift in sales from a product-centric approach to a customer-centric organization. This shift emphasizes the importance of salespeople acting not just as vendors, but as consultants who assist customers by identifying problems, finding information about potential solutions, providing after-sale service, and making the customer the centre of their efforts, which is summarised in option E: all of the above.
These strategies are integral to building a sustainable business as they foster better customer relationships, yield insights into their needs and expectations, and ultimately contribute to a positive, productive work environment.
By reframing the role of salespeople in this way, it acknowledges that the initial sale is just one component of a longer relationship with the customer that includes service, support, and ongoing engagement. This approach also aligns with the philosophy described by Kate Cannon, who identified that understanding employees' and clients' emotions plays a crucial role in business outcomes. With this mindset, salespeople and organizations can dispel outdated myths of aggressive selling and instead focus on a customer-centric strategy that leads to mutual satisfaction and success.
Assume you have an AMEX card which pays a 2% cash rebate on all purchases, and a VISA card which pays a 1% cash rebate on all purchases. Gas stations A and B both show a price of $2.00 per gallon, but station A does NOT accept AMEX cards while station B does.How much more expensive is the gas at station A assuming you use your VISA card instead of the AMEX card?
Answer:
The gas at station A is $0.02 per gallon more expensive
Explanation:
Data provided in the question:
Cash rebate provided by the AMEX card = 2%
Cash rebate provided by the VISA card = 1%
Price of the gas = $2.00 per gallon
Now,
Amount of rebate provided by the AMEX card per gallon = 2% of $2.00
= 0.02 × 2.00
= $0.04
Amount of rebate provided by the VISA card per gallon = 1% of $2.00
= 0.01 × 2.00
= $0.02
Since station A does not accept AMEX card
Therefore, VISA card will be used at station A
Thus,
Rebate at station A = $0.02
And rebate at station B = $0.04
Difference in rebate = $0.04 - $0.02
= $0.02
Hence,
The gas at station A is $0.02 per gallon more expensive
Using the VISA card at gas station A, which does not accept AMEX cards, makes the gas $0.02 more expensive per gallon than using the AMEX card at station B that does.
Explanation:The subject of the question is determining the cost difference of gasoline when using two credit cards with different cash rebate percentages. You have an AMEX card offering 2% cash rebate and a VISA card offering 1% cash rebate. Since both gas stations A and B list the price at $2.00 per gallon, we must calculate the effective price after the rebate is applied when using each card.
With the AMEX card at station B, the rebate would be $2.00 × 0.02 = $0.04 per gallon, making the effective price $2.00 - $0.04 = $1.96 per gallon. Using the VISA card at station A, the rebate is $2.00 × 0.01 = $0.02 per gallon, making the effective price $2.00 - $0.02 = $1.98 per gallon. Therefore, the gas at station A is $0.02 more expensive per gallon when using the VISA card instead of the AMEX card.
_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality.
A. Project managementB. Symantic timelineC. Task identificationD. Time estimationE. Work plan
Answer:
A. Project management
Explanation:
It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development
Project management is the process that encapsulates planning and controlling system development to achieve the desired functionality within a certain time frame and budget. The correct option is (A).
Explanation:Project management is the process of planning and controlling the development of a system within a specified time frame at a minimum cost with the right functionality.
This involves the timing and coordination of specific events which are essential for the successful completion of a project.
Such management tasks ensure that objectives are met by implementing various mechanisms and methodologies to keep the project on track, within budget, and aligned with the desired outcome.
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Which behavior demonstrates courtesy toward others in the workplace?
A.working long hours to complete a work assignment
B.solving complex technical problems to get a project schedule back on track
C.asking a coworker about his or her annual review results
D.consulting with a coworker before intervening in one of his or her projects
The behavior which demonstrates courtesy toward others in the workplace is, consulting with a coworker before intervening in one of his or her projects.
Answer: Option D.
Explanation:
Courtesy is being polite and kind. It means showing politeness in ones behavior. So the most appropriate behavior of courtesy in workplace is mostly certainly consulting before involving in his/her project.
Asking before intervening is important so as to avoid any conflict between the workers and it is also a good gesture towards other co workers. This thus demonstrates the courtesy towards others. Consulting shows respectfulness towards the other person, thus resulting in courtesy behavior.
Consider the following combinations of guns and butter that can be produced 0 guns, 20,000 units of butter, 5,000 guns, 15,000 units of butter, 10,000 guns, 10,000 units of butter, 15,000 guns, 5,000 units of butter 20,000 guns, 0 units of butter. The PPF between guns and butter is a a downward-sloping bowed-out curve b a downward-sloping straight line c an upward-sloping straight line d it is impossible to answer this question without knowing which good would be plotted on the vertical axis
Answer:
B. Downward sloping straight line.
Explanation:
Production Possibility Frontier is graphical representation of two goods that an economy can produce , given resources & technology .
Production Possibility Frontier is downward sloping because of negative relationship between two goods , one good can be increased by reducing other - given same resources & technology.
The slope of PPF depends on Marginal Opportunity Cost i.e amount of a good sacrifised to gain an additional of the other one i.e Δgood sacrifised / Δgood gained . If MOC is constant : PPF is a straight line (like in this case) ; If MOC is increasing (general case - due to resource shift from efficient to inefficient good production) : PPF is concave / outward bowed curve ; If MOC is decreasing : PPF is convex .
As per given schedule :
Guns Butter MOC (Δgood sacrifised / Δgood gained)
0 20000 _
5000 15000 5000 / 5000 = 1
10000 10000 5000 / 5000 = 1
15000 5000 5000 / 5000 = 1
2000 0 5000 / 5000 = 1
As it can be seen : Guns are increasing & Butter are falling , so these have inverse relationship & PPF is downward sloping .The ratio of butter sacrifised to gain guns is constant, so MOC is constant & PPF is straight line.
When the cost of an item can be traced to objective evidence of a transaction, such as a sales receipt, canceled check, and bank statement, the information has the quality of:
Answer:
Verifiability
Explanation:
As the name suggests, the quality of the documents like sales receipts, purchase receipts, cash receipts, canceled check, bank statement or other documents which are used for evidence plus for tracing the order also should be based on verifying by an independent person with a motive that every document or every kind of information is correct and accurate.
The evidence quality totally depends on the verifier who verifies the document with an unbiased behavior telling that the financial statements are reliable and accurate in all aspects.
__________ plans are pay-for-performance plans that put a small amount of base pay at risk, in exchange for the opportunity to earn additional pay.
Answer:
The correct answer to the following question will be "Variable Play Plan".
Explanation:
The variable pay is the part of the gross income dictated by the performance of the employee. If workers achieve their targets, discretionary pay is given as a form of promotion, bonus pay or fee. Basic salary, on the other hand, is set and compensated regardless of whether workers achieve their objectives.It is the desired advantage of the company to captivate and keep employees. We want the chance to earn dynamic pay to strengthen their basic salary.Therefore, the Variable Play Plan is the right answer.
Julie is trying to determine why there are such dynamic fluctuations in the conversion volume of her online website in the past three months. She begins investigating possible causes for the fluctuations. What are two recommended actions she can take in her investigation?
A. Introduce ad changes to see if conversion volume fluctuates in a similar pattern as the current fluctuation.B. Have other members of her marketing team double-check her conclusions to rule out user error.C. View the Time Lag Report to better understand her visitor’s conversion path.D. Review the full history of her account changes over the specific date selected, as ad changes might affect conversions.
Answer:
Option D
Explanation:
Review of full history would include impressions share report which can be used to analyse loss of visual impression share, reason for loss can be identified and proper solution is administered.
Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are an example of this economic principle:
a.People usually take advantage of opportunities to make themselves better off.b.There are gains from trade.c.The real cost of something is what you must give up to get it.d.Resources are scarce.
The cash bonuses are an example of this economic principle of People usually take advantage of opportunities to make themselves better off.
Explanation:
A cash bonus applies to a large amount of money offered to an individual for good performance either periodically or daily. An employee, division or the whole organisation, depending upon the extent at which performance goals were achieved may earn a cash bonus for higher than expected achievements.
Let's take the example of Company ABC. The company has a 15-person sales team. Each team member has to add 10 accounts each. At the end of every year, the company can give every employee a cash bonus of $1,500 in order to meet their objectives.
Which management theory’s principle is to consider the situation and all elements when making a management decision?
a. Complexity theory
b. Chaos theory
c. Systems theory
d. Contingency theory
Answer:
d. Contingency theory
Explanation:
Contingency theory -
According to this theory , there is no best and perfect way possible to lead the organisation .
It claims that there is no proper way to organize the corporation or to make any decision for the company .
Hence , each and every aspect is considered while making any decision for the organisation or company.
Hence , from the question,
The correct option is d. Contingency theory .
The principle of considering the situation and all relevant elements when making management decisions is embodied in the Contingency theory option (d). This approach is distinct from Complexity and Chaos theories, focusing on the importance of situational factors in management practices.
Explanation:The management theory's principle that suggests considering the situation and all elements when making a management decision is known as d. Contingency theory.
Unlike Complexity theory and Chaos theory, which deal with systems and phenomena where outcomes are extremely sensitive to initial conditions and long-term behaviors are almost impossible to predict with precision, Contingency theory is specifically focused on the importance of situational factors in management practices.
It posits that there is no one best way to manage and organize because circumstances vary so greatly. Systems theory is also relevant, as it looks at organizations as systems with various interconnected parts, but it does not focus as narrowly on situational decision-making as Contingency theory.
It is the Contingency theory that emphasizes the need for managers to analyze all aspects of the current situation before making decisions, leading to the conclusion that management practices must be tailored to the specifics of each scenario.
In strategic planning, managers consider the organization as a total unit and ask themselves what must be done in the long term, which is usually _________
Answer:
3 to 5 years
Explanation:
Strategic planning is the management activity of the business or the firm which is used in order to set the priorities, resources, focus energy, strengthen the operations, that ensure that the employees and the stakeholders are working toward a common motive or a goal.
Under this planning, managers considered the firm as a aggregate unit and ask themselves that what must be done for the long term, which is generally, three to five years, because the long term involves the long period or year of time that seeks the long term solutions.
1. Partnerships generally have a tax advantage over corporations. [T/F] 2. Corporations are generally less highly regulated than proprietorships. [T/F]
Answer:
1. True
2. False
Explanation:
1. It is true that Partnerships generally have a tax advantage over corporations because Partnerships never really pay taxes since profits and losses are passed on to their owners since they share profits and losses, these partners then incorporate these profits in their personal income tax.
Secondly Partnerships avoid the double taxation because corporations are taxed and their owners (shareholders) are taxed when they earn dividends.
Thirdly, in corporations losses are not passed on to their shareholders to reduce their tax payable but that is a benefit in partnerships.
2. It is false that Corporations are generally less highly regulated than proprietorships because proprietorships are non required by law to publish their statement of affairs but quoted companies are mandated by law to do so. Corporate governance and audits are mandatory for corporations but not for proprietors
[T/F] 2. Corporations are generally less highly regulated than proprietorships. [T/F]
BigFoot is a new online shoe retailer that just hit the market. If a customer chooses to shop at BigFoot rather than Zappos, this is an example of which of Porter's Five Forces?
Answer:
Threat of new entrants.
Explanation:
Porters Five Forces includes;
The bargaining power of customers,The threat of substitute products or services and others,The bargaining power of suppliers,Competitive rivalry and finally,Threat of new entrants.However, it is the threat of new entrants scenario we find in Bigfoot's case because Zappos is experiencing reduced market share because of the new entrant (Bigfoot).