Answer:
The correct answer is E. Distribution planning.
Explanation:
Distribution planning refers to the development of objectives from production to putting the product on the counter. This process includes the entire chain from when the raw material to produce is entered, and the logistics necessary to transport the product to the final supplier. This process must evaluate external and internal problems in order to make it as expeditious as possible and the times are met in order to avoid product shortages.
In a taxable asset acquisition, the acquiring corporation recognizes ________ when stock is exchanged for property. In a nontaxable asset reorganization, the acquiring corporation recognizes ________ when stock is exchanged for property.
Answer:
In a taxable asset acquisition, the acquiring corporation recognizes {no gain or loss} when stock is exchanged for property. In a nontaxable asset reorganization, the acquiring corporation recognizes {gains and losses} when stock is exchanged for property.
Answer:
both blanks should be filled with:
no gain or lossExplanation:
A taxable asset acquisition takes place when a corporation acquires another company and treats the transaction as an asset purchase. The acquiring corporation can elect a Section 338 election which allows the acquiring company to treat this transaction as an asset purchase (property purchase). The acquiring corporation does not have to recognize any gain or loss when it issues stock in exchange for property, regardless of whether a transaction is a tax-free or taxable transaction.
Mel is a salesperson for a technology services company. He wants to expand collaborative involvement between his company and his buyer's company. Which of the following activities is most likely to help Mel achieve his goal?
Answer:
I couldn't find any possible options, but if Mel wants to expand collaborative involvement between companies, he should try to make them work together.
Mel is probably trying to sell a new software or technological device to his client, and in order to try to convince the client that his offer is the best, he could suggest that the engineers from his company work together with the engineers of the buying company in order to solve any issues or doubts that may exist. This doesn't necessarily mean that they have to come together and work side by side, now you can work together using Skype of other communications app.
Your company is restructuring, and two layers of management have been eliminated. You now report directly to the national sales manager instead of a regional sales manager.
a) Flattened management hierarchies
b) Nonterritorial offices
c) Changing communication technologies
Answer: is option a) Flattened management hierarchies.
Explanation.
The flattened hierarchies allows employee participation or involvement through a decentralized decision making process. The main agenda is that well trained employees will become more productive by direct involvement in decision making process rather than strictly supervised by various layers of management. A flat organization is referred to an organization containing less or no levels of management between workers and management. As in the given case certain number of layers are removed and workers will now directly reporting to the national sale manager instead of regional sales manager so this is clearly referred to flattened management hierarchies.
Which sequence correctly summarizes the accounting process? A. Journalize transactions, post to the accounts, prepare a trial balance B. Prepare a trial balance, journalize transactions, post to the accounts C. Journalize transactions, prepare a trial balance, post to the accounts D. Post to the accounts, journalize transactions, prepare a trial balance
Answer:
A. Journalize transactions, post to the accounts, prepare a trial balance
Explanation:
The Transaction are Journalized first and the these are posted to the relevant account after that according to their nature of account and debit credit impact to each account. At the end of the period all the closing balances of the account are calculated and listed in the trial balance from where we start to make our financial statements. So the correct sequence for the accounting process is Journalize transactions, post to the accounts, prepare a trial balance.
The accurate sequence for the accounting process is First, Journalize transactions i.e., record daily financial transactions, Second, Post to the accounts which involves transferring the journal entries to individual ledger accounts, and finally, Prepare a trial balance. This involves creating a list of all accounts and their balances which checks the mathematical accuracy.
Explanation:The correct sequence for the accounting process is: A. Journalize transactions, post to the accounts, prepare a trial balance. This sequence adheres to general accounting principles. It begins with Journalize transactions, which consists of recording the day-to-day financial transactions of the business. After recording these transactions in a journal, the next step is to post to the accounts. This involves transferring the journal entries to the respective accounts in the general ledger. The final step is to prepare a trial balance which lists all the accounts in the general ledger and their balances. This provides a check on the mathematical accuracy of the books.
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based upon the current ratio, how would creditors or lenders feel about the liquidity of the buisness? why?
Answer:
Current ration is a measurement that measures how many current assets are there to cover up the current liabilities. the ratio represent the firm's ability to meet the day to day, short term obligations.
it is calculated as follows,
Quick Ratio/Current asset ratio=Current Assets/Current Liabilities
a normal, health current asset ratio is 1. and it is better when the number is going up.
This gives the short term lenders (such as short term bond holders) and suppliers the ability to assess the companies ability to pay off the short term obligations in an even of bankruptcy or finanacial crisis.
Explanation:
Each day, Tasty Tortilla Company incurs total costs of $8,000 to process flour into tortillas. The company can sell the tortillas as is for daily revenue of $22,500. Alternatively, Tasty could fold and fry the tortillas to make hard taco shells. The additional costs for making the taco shells would be $4,200 per day, and the daily revenue from the finished shells would be $26,700. Given these data
a. the firm will make an additional $8,000 in income per day if it sells tortillas instead of taco shells.
b. the firm’s income will remain unchanged whether it sells tortillas or taco shells.
c. the firm will make an additional $4,200 in income per day if it sells taco shells instead of tortillas.
d. the firm will make an additional $14,500 in income per day if it sells taco shells instead of tortillas.
Answer:
c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.
Explanation:
Tortilla daily revenue: $8000
Tortilla daily cost: $22500
Taco shell daily revenue: $26,700
Taco shell daily cost: $8000 + $4200 = 12200
Additional income if Taco Shells sold instead of Tortillas: $26,700 - 22,500 = $4200
First Banc loaned money to Best Batteries for the purchase of its factory. First Banc took a mortgage on the factory and land. Best Batteries, because the price of its lifetime battery was so high, went out of business within 18 months. Best deeded the title to the factory and land back to First Banc. When First Banc sent in a clean-up firm, it discovered that there were old and new batteries stacked everywhere on the property. First Banc:_____________
Answer: Has a lender's exemption from CERCLA liability.
Explanation:
Swan Song is a spa that caters to the needs of a small percentage of highly health-conscious consumers. It offers state-of-the-art treatments in a luxurious setting. Since there are very few spas that offer the same unique services, customers are willing to pay a premium price for its products and services. In this scenario, Swan Song is following a ___.
Answer:
The correct answer is: focused differentiation strategy.
Explanation:
The focused differentiation strategy refers to position 5 of the strategic clock. In this strategic position, companies offer products / services with a high added value perceived by customers in exchange for high acquisition prices.
Companies that offer Premium products / services as well as companies dedicated to the luxury sector have the strategy of focused differentiation as the axis of the company's operation.
Companies such as Ferrari, Rolex, Hermes, Cartier, Mont Blanc, Mercedes are examples among others.
Answer:
C. Focused differentiation Strategy
Explanation:
Focused differentiation strategy involves targetting a small group of customers or consumers with a differentiated product. It involves offering unique product or service characteristics in order to meet the needs of a specific small target market. In this case, the small target market of swan song is the highly health conscious customers. They offer state of the art treatment which is their unique characteristics to that narrow market. This strategy helps create customer's loyalty, limited competition, customer awareness and so on.
Bank A has checkable deposits of $100 million, vault cash equaling $1 million and deposits at the Fed (reserves) equaling $14 million. If the required reserve rate is ten percent what is the maximum amount Bank A could lend
Answer:
Amount that Bank A can lend = (115 - 11.5) = $103.5 million
Explanation:
Bank A has checkable deposits of $100 million, vault cash equaling $1 million and deposits at the Fed (reserves) equaling $14 million. If the required reserve rate is ten percent what is the maximum amount Bank A could lend
Reserve requirement is the rate that banks must keep in reserve and are not allowed to lend.
Total amount with Bank A = $100 + $1 + $14 = $115 million
Required Reserve at 10% = $11.5 million
Amount that Bank A can lend = (115 - 11.5) = $103.5 million
Integrated marketing communications involves carefully coordinating a company's many communications channels to deliver a clear, consistent, and compelling message about the organization and its products. True or false?
Answer:
True
Explanation:
The above statement is true as integrating marketing communication is a system that helps businesses to coordinate effectively within the organisations. Integrated marketing communication consists of various communication channels that assist to deliver a message in the most effective way possible. It also helps to form compelling messages for customers.
Jane has a weekly budget of $50 to spend on fruit and vegetables. She decides to buy 4 pounds of fruit at a cost of $5/lb. She spends the rest on 5 pounds of vegetables. What is the price she pays for each pound of vegetable, given her budget constraint?
Answer:
Jane spends $6/lb for the vegetables.
Explanation:
Multiply the number of pounds of fruit she bought and the cost for each pound. That would mean 4 times 5 which equals 20. Subtract 20 from 50 because that shows you how much money she had left. Divide the number of money she has left with the amount of pounds she bought. 30 divided by 5 gives you your final answer of $6 per pound.
Jane spends $20 on fruit out of her $50 weekly budget. She has $30 left over for vegetables. Given that she buys 5 pounds of vegetables, each pound costs her $6.
Explanation:First, we need to determine how much Jane has spent on fruit. It costs $5 per pound and she bought 4 pounds. Therefore, she spent $20 on fruit (5*4).
Next, we find out how much money is left for vegetables. Given Jane's weekly budget of $50, after buying fruit, she has $30 left (50-20).
Last, divide the remaining money by the number of pounds of vegetables she bought. Jane bought 5 pounds of vegetables with her remaining $30. Therefore, the cost of each pound of vegetable is $6 per pound (30/5).
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Valley, Inc. has 9,000 shares of preferred stock outstanding. The preferred stock has a $90 par value, a 14% dividend rate, and is noncumulative. If Valley has sufficient funds to pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders?
Answer:
The dividends payout to preferred stockholders is $113,400 as shown below.
Explanation:
The total dividends payable to holders of preferred shares can be computed thus:
Preferred shares dividends=9000*$90*14%
Preferred shares dividends =$113,400
Preferred shareholders have prior claims to dividends ahead of ordinary shareholders,but after bondholders' interest payments have been settled.
The same way they also have precedence in the distribution of company's assets before ordinary shareholders upon the liquidation of the company.
The downside is that they cannot share in excess profits after payment of dividends as they are part-owners of the company unlike ordinary shareholders.
Final answer:
The total amount of dividends paid to Valley, Inc.'s preferred stockholders is $113,400, calculated by multiplying the par value ($90) by the dividend rate (14%) to get the dividend per share and then multiplying that by the total number of shares (9,000).
Explanation:
Valley, Inc. has 9,000 shares of preferred stock outstanding with a $90 par value and a 14% dividend rate. The dividends for preferred stockholders are calculated as a percentage of the par value. Since the stock is noncumulative, the total dividend amount only pertains to the current period, without regard to any previous unpaid dividends.
To calculate the total amount of dividends paid to preferred stockholders, the following steps are involved:
Multiply the par value ($90) by the dividend rate (14%) to find the dividend per shareMultiply the dividend per share by the total number of preferred shares outstanding (9,000)In this case:
$90 (par value) x 14% (dividend rate) = $12.60 (dividend per share)$12.60 x 9,000 (shares) = $113,400 (total dividends to be paid)
For a period of time, Energizer Batteries used mock commercials for seemingly boring, mundane products- A few secondsinto the mock commercial, viewers heard the distinctive drumbeat of the Energizer Bunny before it marched across thescreen. Several viewers said that when they heard the drums, they looked at and attended to the commercial because theyliked the bunny. However, over time, viewers stopped paying attention to the commercial- What theory suggests that if astimulus doesn’t change, over time we adapt or habituate to it and begin to notice it less?A. Adaptation level theoryB. Dualocoding theoryC. Expectation theoryD. Wearoout theoryE. Overoexposure theory
Answer:
A.
Explanation:
Based on the scenario being described within the question it can be said that the theory being mentioned in this scenario would be Adaption Level Theory. This theory describes the tendency that individuals have to be able to rapidly adapt to new situations, until that behavior or situation becomes normal to them, thus noticing it a lot less compared to when it was first introduced.
The natural rate of unemployment is the rate of unemployment (a) that occurs when the money market is in equilibrium (b) that occurs when the markup of prices over costs is zero (c) where the markup of prices over costs is equal to its historical value (d) that occurs when both the goods and financial markets are in equilibrium
Answer:
E) none of the above.
Explanation:
The natural rates of the unemployment exist in a growing and healthy economy and include the structural unemployment and not the cyclic unemployment. The natural unemployment rates s determined by the country or economy supply-side and hence involves the labor market and the real wages. Reductions unemployment must occur through the structural policies made to the economy's supply side.ABC owns a company that manufactures dental radiation equipment. The company, which is run as an independent unit, has experienced excessive financial losses the last three years. The __________ for the company would be expected to develop the long-term plans needed to make the company profitable.
Answer:
Top manager
Explanation:
The top managers are those persons or managers who are responsible for overseeing as well as controlling the whole business or organization. The top level managers are those who develop or establish the policies of the company, strategic plans, goals or objectives as well as make decisions on the direction of business.
The managers of the company are at the top level and plays a very important role in the mobalization of the resources.
So, in this scenario, the company experience the losses and the top managers would the one who develop the long- term plans which will make the company to be profitable.
The fill-in-the-blanks should be filled with Top manager.
What is the top manager?The top manager is the person or the manager that should be responsible for controlling the operations of the business. Everything is going as per the goal or not. The employees are achieving the target on daily basis or not. It involved the things like strategic plans, goals, objectives, etc.
Since in the given situation, the company has the losses also wants to develop the long-term plans due to which it should be profitable.
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A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked server rack. Which of the following would BEST prevent this type of attack?
A. Faraday cage
B. Smart cards
C. Infrared detection
D. Alarms
Answer:
The correct answer is A. Faraday cage .
Explanation:
A Faraday cage is a metal box that protects against static electric fields. It owes its name to the physicist Michael Faraday, who built one in 1836. They are used to protect against electric shock, since inside the electric field is null.
The operation of the Farday cage is based on the properties of a conductor in electrostatic equilibrium. When the metal box is placed in the presence of an external electric field, the positive charges remain in the network positions; electrons, however, which in a metal are free, begin to move.
Answer:A. Faraday cage.
Explanation: Faraday cage is a kind of shield made up of conducting wires, Faraday's cage or shield is named after Michael Faraday who invented it in the year 1836.
Faraday cage is used to protect sensitive electronic equipment such as RF receivers) from external electromagnetic rays such as radio frequency interference (RFI) usually during testing or alignment of the device.
Faraday cage has also been used to protect equipment and people from Electric current and Damage.
In February, X City ordered $550,000 of supplies. On March 17th it received all of the ordered supplies and an invoice of $551,000. Which of the following would be recorded upon receipt of the supplies and invoice?
A. Debit Budgetary Fund Balance -- Reserve for Encumbrances for $551,000.
B. Debit Budgetary Fund Balance -- Reserve for Encumbrances for $550,000.
C. Debit Encumbrances Control for $551,000.
D. Debit Encumbrances Control for $550,000.
Answer:
B. Debit Budgetary Fund Balance -- Reserve for Encumbrances for $550,000.
Explanation:
X City made an order for goods worth $550,000 and when the goods were received the invoice states $551,000. The company should indicate in the invoice the correct amount received and work with that.
Reserve for encumbrances is an account that contains funds that have been reserved for a particular purpose. In this case since the order was made in February, the funds of $550,000 would have been put in this account.
On receipt of the goods we debit Budgetary Fund Balance -- Reserve for Encumbrances for $550,000 (the correct value of goods received).
Total costs for Locke & Company at 120 comma 000 units are $ 329 comma 000, while total fixed costs are $ 175 comma 000. The total variable costs at a level of 260 comma 000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.)
Answer:
For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667
Explanation:
Locke & Company
Total costs $ 329, 000
Less Fixed Costs $ 175, 000
Variable Costs $ 154,000 for 120,000 units
For 1 unit Variable Costs are = $ 154,000/120,000= $1.2833
For 260,000 units Variable Costs are = $ 154,000/120,000 * 260,000= $1.2833* 260,000= $ 333,667
The total Costs for 260,000 units would be determined by adding Variable Costs and Fixed Costs.
We Suppose the fixed costs are same then = 333,667 + 175,000= $ 508,667
Answer:
$332,800
Explanation:
Total cost is the sum of the fixed and variable costs.
Like the total sales, the total variable cost is also affected by the level of activities or units produced/sold.
Total variable cost = variable cost per unit * number of units
Hence, given that
Total costs at 120,000 units is $329,000 and total fixed cost is $175,000
Total variable costs = $329,000 - $175,000
= $154,000
Unit variable cost = $154,000/120,000
= $1.28
At 260,000 units,
Total variable cost
= $1.28 * 260,000
= $332,800
GN Corp. and BC Inc. are two competing firms in the same industry. GN Corp.'s tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion. BC Inc.'s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion. What can be concluded from this information
Answer: It is likely that BC Inc. is better enabled than GN Corp to gain and sustain a competitive advantage.
Explanation: Since BC Inc.'s intangible assets are valued at $45 billion more than GN corp, hence they are better enabled to gain and sustain competitive advantage.
___________ is/are associated with collecting, storing, and distributing the product or service to buyers. They consist of warehousing, material handling, delivery operation, order processing, and scheduling.
Answer:
Inbound logistics
Explanation:
According to porter's value chain model, inbound logistics are the operations involved in receiving and placing orders of the material to storage, scheduling the placement of orders to all the procedures involved from ordering of material to warehousing the receipts of the raw material.
An organization hired a highly qualified accounts payable manager who had been terminated from another organization for alleged wrongdoing. Six months later, the manager diverted US $12,000 by sending duplicate payments of invoices to a relative. A control that might have prevented this situation is to
adequately check prior employment background for all new employees
Answer:
The correct answer is what you have provided,that is adequately checking prior employment background for all new employees
Explanation:
Ensuring that background checks are conducted on all newly recruited employees would have been the saving grace.
Besides, asking questions concerning the reason an employee left previous employers sometimes gives direction on which employers should be written to.
Also,some employers even wait for the results of background checks before new recruits are finally given letters of appointment,in other words, these efforts are geared towards ensuring new employees are people of integrity,trust and honesty.
Mae manages delivery at a custom-kitchen outlet. Working with her customer's specifications, she contacts Gem Cabinets and places an order for a full-motion wall mount. Which of the following primary activities is Mae performing here?A) inbound logistics. B) operations. C) customer service. D) marketing.
Answer:
The correct option is A,inbound logistics
Explanation:
Inbound logistics in supply chain management consists of procuring,receiving, warehousing and disseminating inputs to production outlets.However,the case of Mae is not manufacturing related,as a result,the function of dissemination of goods is not applicable as that is outbound logistics activity.
Operations in this Mae's scenario deals with the actual sale of items at the custom-kitchen outlet.
Customer service is about handling customers' pre- and post-sale inquiries and complaints
Answer:
A) inbound logistics.
Explanation:
In supply chain management, inbound logistics refers to the process by which a company receives goods, either by purchasing them or in consignment. It includes the transportation, storage and delivery of the goods.
E.g. when a company purchases goods from a foreign manufacturer, the inbound logistics includes the shipping of the goods by sea, the storage when it arrives at port, and finally the distribution by land to its operating facilities.
Outbound logistics applies to the process that takes place when the company sells the goods to either final consumers or other companies.
When categorizing investments for the financial account component of the balance of payments the ________ is an investment where the investor has no control whereas the ________ is an investment where the investor has control over the asset
Answer:
The correct word that fills the gaps are: portfolio investment; direct investment.
Explanation:
An investment portfolio is that combination of financial assets in which a basket of financial assets is deposited with the idea of generating a surplus value. It is also known as a portfolio.
More widely, we call the investment portfolio or portfolio of securities to that set of assets in which we have invested money in a diversified way, that is, it is the basket of assets in which we are invested.
The direct observation method is a method of data collection that basically consists of observing the object of study within a particular situation. All this is done without the need to intervene or alter the environment in which the object unfolds. Otherwise, the data obtained will not be valid.
Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $138,000 Direct materials cost 85,000 Equipment depreciation (straight-line) 24,000 Factory insurance 19,000 Factory manager's salary 11,000 Janitor's salary 3,000 Packaging costs 19,200 Property taxes 14,000 From the above information, calculate Closet Link's total variable costs.
Answer:
The Total Variable Cost is $242,200
Explanation:
The variable costs are all the prime costs which is all direct costs which includes direct labor $138,000, direct material $85,000 and packaging costs $19,200 which increases with the activity level increases. This means that the cost that doesn't change with the change in activity level are fixed costs and these are depreciation, factory insurance, Manager and supervisor's salary, and property taxes which are fixed for the year.
The difference that arises between the balance on the bank statement and the balance on the company's books because of a time lag in recording transactions is known as a permanent difference. True or false?
Answer:yes
Explanation:
Answer: d
Explanation:
An empirical researcher identifies the effect of drug use on high school dropout rates by examining how the two variables changed over the 1980s and 1990s. This empirical approach can best be characterized as:
time series analysis.
Answer: True- Time series analysis
Explanation:
Yes, the given answer is correct as the time series analysis is one of the type of method in which the data are get analyze in order to extract some useful statistics information from the given data.
The main purpose of the time series analysis is that it helps in identifying the various types of variance in order to determining the various types of factors in the given observed information.
According to the given question, the empirical approach is used for characterized as the time serves analysis based on the given observation. Therefore, Time series analysis is the correct answer.
Ned's office was flooded when a water pipe burst. Office furniture that had been purchased at a cost of $6,000, and on which Ned had deducted $2,000 of depreciation, was damaged by the water. The fair market value of the furniture before being damaged was $5,000, and afterward was $2,000. Ned was reimbursed $2,000 by insurance. Ned's casualty loss deduction is:
Answer:
$1,000
Explanation:
The casualty loss here can be calculated using the fair value of the asset.
Casualty loss = (Fair Market Value - Insurance received) - Market Value left
Here the fair market value before loss occurrence was $5,000, insurance was $2,000 and the fair market value left was $2000. So by putting the values in the above equation we have:
Casualty loss = ($5,000 - $2,000) - $2,000 = $1,000
An FHA-insured loan in the amount of $57,500 at a 6 ½% interest rate for 30 years was closed on March 17. The first monthly payment is not due until May 1. If the interest is paid monthly in arrears, how much pre-paid interest does the buyer owe at closing? (Use a 360-day year)
Answer: $145.32
Explanation:
$57500 loan × 6.5/100
$ 57500 ×0.065 =$3737.50 annual interest
Monthly interest = 3737.50 ÷ 12 month
= $ 311.45
Daily interest = monthly interest ÷ 30 days
= $311.45 ÷30
= $10.38
So, from March 17 to May 1 = 14days
14×$10.38 = $145.32
Pre-paid Premium interest buyer owe at closing:
⇒$57500 loan × 6.5/100
⇒$ 57500 ×0.065 =$3737.50 annual interest
⇒Monthly interest = 3737.50 ÷ 12 month
= $ 311.45
⇒Daily interest = monthly interest ÷ 30 days
= $311.45 ÷30
= $10.38
⇒So, from March 17 to May 1 = 14days
14×$10.38 = $145.32
What is Pre- Paid Premium?Pre -prepaid premium insurance refers to payments that are made by individuals and businesses to their insurers in advance for insurance services or coverage.
Buyer can pay premiums are generally paid a full year in advance, but in some cases, they may cover more than 12 months.
When they aren't used up or expired, these payments show up on an insurance company's balance sheet. as a current asset.
Who is Buyer?Buyer is a person who buys or purchases a good and services.
Buyer is a purchasing agent, for a department or chain store.
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The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should]
The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should raise the price of the cinnamon rolls.
Explanation:Price is the amount that we fix for a product in selling. The changes in the prices of any goods or services affects the demand and supply of that goods and services. Supply refers to the amount of product or service that is being available to the consumers and demand refers to the number of people who want a particular product or services.
When the supply increases the price will get reduced and the demand will also increase. In the given scenario, the selling if cinnamon does not have any response in the customers regarding its price. Hence, when the owner wishes to generate revenue he can raise the price of the cinnamon rolls.
Given the inelastic demand for the bakery's cinnamon rolls, the bakery owner can increase revenue by raising the price of her cinnamon rolls.
Explanation:If the local bakery makes cinnamon rolls that are highly desired by consumers to the point where they do not respond significantly to a change in price, this is an example of inelastic demand. In economic terms, inelastic demand occurs when the quantity demanded by consumers does not change significantly in response to changes in price. Therefore, if the bakery owner wants to increase revenue, assuming demand remains inelastic, she should raise the price of the cinnamon rolls. This would result in higher revenue as the quantity sold would not decrease much, if at all, due to the price change.
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Chuck Praeger has made a name for himself by being able to sell golf equipment to anyone, anywhere, anytime. Chuck would like to expand his business into Pacific Rim countries and has begun making inquiries into potential distributors. Chuck is convinced that his golf equipment will sell itself. But Chuck is preparing his special "hard-sell" presentation for Asia because he wants to make a good first impression. As a Pacific Rim expert, what do you tell Chuck?1. Be sure to have a tight legal contract ready to avoid product piracy problems.2. Aggressive salesmanship is unlikely to work in Pacific Rim countries.3. Have plenty of English-language business cards to pass around because Asians are impressed with all things about the United States.4. Avoid the confusion introduced by third-party contacts.5. Aggressive salesmanship is unlikely to work in Pacific Rim countries.
Answer:
Be sure to have a tight legal contract ready to avoid product piracy
Explanation:
According to the World Customs Organisation around 75% of counterfeit products seized worldwide are manufactured in Asia.
So, although Chuck Praeger has made a name for himself by being able to sell golf equipment to anyone, anywhere, anytime. If Chuck would like to expand his business into Pacific Rim countries and has begun making inquiries into potential distributors; he has to be careful with the issue of product piracy as the products could be pirated and sold much cheaper than those made in the United States.