Sharon is purchasing a food processor and has done extensive research on all the models available in the market. she is convinced about a particular product and is trying to finalize a store from where to make the purchase. sharon is in the _____ stage of consumer decision process.
A disadvantage associated with obtaining goods and services externally includes:
Obtaining goods externally has disadvantages like loss of control over quality, higher transaction costs, and environmental concerns. It can lead to supply chain disruptions and reliance on third-party suppliers. There are also risks like loss of innovation and organizational trust.
Obtaining goods and services externally often involves several disadvantages. One significant disadvantage is the loss of control over the quality and timeliness of the goods and services, as companies rely on third-party suppliers who may not adhere to the same standards. Additionally, it results in higher transaction costs due to transportation charges, tariffs, and payments to distributors. There is also a risk of disruptions in the supply chain, making it difficult to obtain necessary products during global market instabilities. Outsourcing can lead to environmental concerns, as production may be moved to countries with less stringent regulations, contributing to pollution and climate change.
Categories of Risks Associated with Outsourcing
Loss of control
Loss of innovationLoss of organizational trustHigher-than-expected transaction costsGravel would most likely exist in the ________ of a river.
Final answer:
Gravel would most likely exist in the delta of a river.
Explanation:
In the delta, a river empties into another body of water and deposits sediments such as gravel, sand, and silt due to the lower energy of the flowing water. For instance, examining Goo-gle Earth shows that the Yukon River in Alaska forms a delta where such sediments are present. This is because rivers like the Yukon transport sediment until they reach areas where the water velocity slows down substantially, allowing the heavier particles, like gravel, to settle.
Moreover, these rivers can be classified by the dominant particle size of their bed material. For example, gravel-bed rivers mainly discharge sediment through bed-load transport. The very finest fractions, such as silt and clay, travel long distances and are often not part of the bed material; instead, they get deposited in overbank areas during floods or where river velocities are minimal.
Suppliers can contribute ideas for product improvement or increased development efficiency.
a. True
b. False
What is the relationship between the alpha level, the size of the critical region, and the risk of a type i error?
Despite conventional thinking, __________ accounts for the bulk of promotional spending in many firms. this is especially true for firms selling consumer products in grocery stores and mass-merchandise retailers. advertising publicity sales promotion public relations personal selling
Despite conventional thinking, sales promotion accounts for the bulk of promotional spending in many firms.
What is the sales promotion?One component of the promotional mix is sales promotion. Advertising, personal selling, direct marketing, and publicity/public relations make up the bulk of the promotional mix.
A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service. A company may decide to utilise a sales promotion (or “promo”) for a variety of reasons, but the main one is to increase sales.
Therefore, Contrary to popular belief, the majority of promotional spending is actually spent on sales marketing in many businesses.
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A(n) ____ is a sign that an activity now occurring may signal an incident that could occur in the future.
Organizational structuring companies have four general issues to consider when attempting to design their organization for responsiveness. these issues include centralization or decentralization, span of control, tall versus flat organization structures, and departmentalization. each characteristic is an advantage or disadvantage of a centralized or decentralized organization. when structuring the organization for market responsiveness, leaders have four general issues to consider. these issues each have advantages and disadvantages. when considering centralization versus decentralization, organizations must consider whether top management should retain greater control. when considering departmentalization, leaders must consider the gains in efficiency versus less communication and groupthink.
Organizational design considerations for responsiveness include centralization vs. decentralization, span of control, flat vs. tall structures, and departmentalization. Flat structures with a focus on teams are increasingly common, intended to respond to modern market demands, though their productivity gains are being studied.
Explanation:Bureaucracies, while historically efficient, are adapting to the need for more flexible, innovative approaches in the information age.
In the context of organizational design, companies aiming for market responsiveness must evaluate four key issues: centralization or decentralization, span of control, structure (tall versus flat), and departmentalization.
A centralized organization typically retains control at the top management level, which can benefit quick decision-making and consistency across the organization.
Conversely, decentralization gives more power to lower-level employees, fostering innovation and faster response to local market conditions. The concept of span of control involves the number of employees that a manager can effectively oversee.
In a shift away from traditional hierarchies, organizations are moving towards flat structures, promoting teamwork and collegial relationships regardless of the position within the company.
Departmentalization refers to the way an organization segments its functional areas. It can increase efficiency but also has potential drawbacks like reduced communication and the risk of groupthink.
In the modern, rapidly changing workplace influenced by technology and globalization, many companies are structuring their organizations to work through delegating to teams.
While the shift from individual to team-based work can bring diverse skills and expertise to operations, its impact on productivity remains an active area of research.
Bureaucracies have their place in both public and private sectors, intended to improve efficiency and serve a large population.
Yet, the rigid structures born during the Industrial Revolution, with a clear chain of command for mass production, are less suitable in the information age where flexibility and innovation are crucial.
Coordination problems in decision-making can be addressed by either concentrating authority or spreading it among group members, each with its trade-offs between transaction costs and conformity costs.
James is in the process of purchasing a new home. he is going back and forth with the sellers over the one issue of the selling price. neither james nor the sellers want to compromise. jim thinks the sellers are asking too much. the sellers think jim is not a serious buyer. jim and the sellers are engaging in _____________.
The sellers and the buyer are engaging in a positional negotiation.
A positional bargaining is a strategy in negotiating which involves insisting a fixed price and not bending it to the other. Both negotiators will argue for what they want and not anything else (in this case: the price), without considering the motives of both parties.
Answer:
The correct answer is: Positional negotiation.
Explanation:
Positional negotiation, also known as positional bargaining, is the act in which the two parties of the purchase, the buyer and the seller, keep their positions about what is the value of the good or service of interest. Neither one of the parties is willing to let their guard down since each one of them believes their positions is correct and that the other party is not.
Why does an administrative professional need to develop presentation skills?
Final answer:
Developing presentation skills is vital for administrative professionals to effectively communicate complex ideas, gain feedback on their work, and present a professional image. Utilizing tools like Microsoft PowerPoint and paying attention to communication details are crucial aspects of this skill set. Effective communication through presentations aids in overcoming stereotypes and ensures messages are delivered professionally.
Explanation:
Developing presentation skills is crucial for an administrative professional for several reasons. Firstly, presentations are a fundamental way to communicate complex ideas and data effectively. Utilizing tools like Microsoft PowerPoint, which allows for the organization and presentation of information through slides and multimedia elements, enhances the delivery of a message and engages the audience effectively. Planning a presentation involves identifying the purpose, understanding the audience, and choosing the appropriate format and tools, which are essential skills in any administrative role. Moreover, in professional settings, presenting research or project findings is an essential method for gaining feedback and preparing for publication or further development. Whether through formal talks, roundtable discussions, or posters, being adept at presenting allows professionals to convey their work clearly and persuasively. Additionally, the administrative professional often faces the task of representing their company or team, where being able to present a professional image and manage personal traits against stereotypes is vital. It emphasizes the importance of mastering presentation skills to overcome biases and project credibility, especially important in environments where younger employees might be perceived differently. Lastly, in the age of social media and texting, paying attention to the details of communication, such as spelling, grammar, and punctuation in presentations, is critical. Errors in a presentation can magnify the impact of mistakes due to the size of the audience. Therefore, being proficient in presentation skills ensures that administrative professionals can deliver their message clearly and professionally, reinforcing the importance of effective communication in the workplace.
Assume that jack, hal, and sophia enter into an agreement for the sale of the restaurant. hal and sophia get a loan from fourth national bank to pay for it. when their first payment is due, they get a letter from bank of north america stating that they bought the loan from fourth national bank. if hal and sophia were to default on the loan, who would have rights under the contract to sue hal and sophia for non-payment?
Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks. what type of organization is madison planning to create? centralized specialized narrow flat departmentalized
Suppose that the local sales tax rate is 3% and you purchase a car for $ 16,600.
a. how much tax is paid?
b. what is the car's total cost?
The overwhelming majority of existing businesses are
A. Corporations
B.Sole proprietorships
C.partnerships
D.close corporations
Answer:
The answer is sole proprietorships. I took the penn foster test, and the answer is found in Lsn 2.3.
what is a budget constraint and what is the formula
A budget constraint in economics represents the limits on a consumer's purchasing power. The formula for a budget constraint is P₁ × Q₁ + P₂ × Q₂ ≤ Budget. It shows the combinations of goods and services that a consumer can afford given their income and the prices of the goods.
Explanation:A budget constraint in economics represents the limits on a consumer's purchasing power. It shows the combinations of goods and services that a consumer can afford given their income and the prices of the goods. The formula for a budget constraint is:
P₁ × Q₁ + P₂ × Q₂ ≤ Budget
where P and Q represent the prices and quantities of items purchased, and Budget represents the consumer's income.
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The break-even point is where select one:
a. total sales equal total variable costs.
b. contribution margin equals total fixed costs.
c. total variable costs equal total fixed costs.
d. total sales equal total fixed costs.
One important managerial function is controlling, and the first step in the controlling process consists of
The first step in the controlling process in management is the establishment of performance standards that are aligned with the organization's objectives. The standards are used to measure actual performance and identify any discrepancies.
Explanation:The first step in the controlling process of managerial functions is typically the setting of performance standards. These standards are developed based on the organization's objectives, and they offer a benchmark against which actual performance can be measured. Standards can be in the form of quality, time, cost, or quantity. Once these standards are in place, the business can then compare and identify any performance gaps in the next steps of the controlling process. This helps to ensure that the organization is on track to meet its goals and corrects any deviations.
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When implementing a knowledge management strategy, one of the first steps is to?
Answer:
Decide what knowledge is the most important for employees to do the best jobs they can.
Explanation:
According to a different source, the options that come with this question are:
decide what knowledge is the most important for employees to do the best jobs they can. procure the necessary hardware and software to create a state-of-the-art system. develop a system that gathers and stores information that is only accessible to top managers. provide only that information which clarifies policies and provides feedback on performance.One of the first steps that is necessary when implementing a knowledge management strategy is deciding what knowledge is the most important for employees to do their jobs. This is a necessary step because it allows the managers to set realistic priorities. If we understand what the priorities of the employees are, we are more likely to design a strategy that focuses on this important knowledge.
The first step in implementing a knowledge management strategy is to conduct a comprehensive audit of the existing knowledge within the organization, so as to understand the current knowledge capabilities and scope for improvement.
Explanation:When implementing a knowledge management strategy, one of the first steps is to perform a comprehensive audit of the existing knowledge within your organization. This involves identifying, cataloguing, classifying, and assessing knowledge assets. This initial step allows the organization to understand its current knowledge capabilities, what is lacking, and where there might be opportunities for improved knowledge management. This audit will form the foundation of the knowledge management strategy by highlighting how knowledge is currently being utilized and where improvements can occur.
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Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the credit sales were $825,000. calculate the cash collections from customers for the year.
Stretching a car loan from 48 months to 60 months means the car will end up costing you more when you have paid in full.
"a typical group is selected from the population, and a random sample is taken from within the group. this is an example of" _____ sampling.
a. simple random
b. cluster
c. stratified
d. judgment
Final answer:
The sampling method where a group is selected and a random sample is taken from within that group is known as cluster sampling.
Explanation:
When a typical group is selected from the population and a random sample is taken from within that group, the sampling method used is referred to as cluster sampling. This method divides the population into clusters (groups) and then randomly selects some of these clusters to be part of the sample. All members of these selected clusters are included in the sample. This is different from stratified sampling, where the population is divided into strata and samples are taken from each stratum to ensure representation of all groups.
The state government offered Mike $300,000 for his family’s property, which they plan to use for building a new development. The allows the state government to take the property as long as it is used . Mike can still dispute the government’s offer if the compensation .
The correct sentence is given below:
The state government offered Mike $3000,000 for his family's property, which they plan to use for building a new development. THE FIFTH AMENDMENT allows the state government to take the property as long as it is used for NON PROFIT PURPOSES. Mike can still dispute the government's offer if the compensation IS LESS THAN THE FAIR MARKET VALUE OF THE LAND.
Mike can still debate the state government’s offer of $3,000,000 against the cost of property owned by him only if the compensation is lower than the value of land in the market.
What is a fair market value?The fair market value is the cost of an asset or property that is available in the market for sale purposes.
According to the fifth revision in the US constitution where the state government can acquire any property if it is utilized by them for not-for-profit motives. In the provided case, the state government give Mike $3,000,000 as the cost of his property which they required for making new developments.
Therefore, if the cost of property given by the state government is lesser than its market value, only then he can raise a dispute against the government.
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sarah is visiting her local library to conduct some research on DNA. She wants to see what the newest medical finding are about this complex structure. Sarah should consider examining periodicals including medical journals
T or F
Answer: true
Explanation:
Do not click on the link in the other answer! I clicked on it and it led me to this fake notice saying that my phone has been hacked with 39 viruses in two minutes if I don't follow this procedure the ad says. DON'T DO IT
Technician A says that if a valve is open when a piston rises to the very top of a cylinder, the piston may actually strike the valve head and cause serious engine damage. Technician B says if the camshaft is located in the engine block, then the engine is called an overhead valve engine, OHV engine, or an in-block camshaft. Who is right?
A. Both A and B
B. B only
C. Neither A nor B
D. A only
I think it's D. A only but I'm not sure
Answer:
Both A and B are right
Explanation:
I've taken test and done the studies
The correct answer is D, A only, because Technician A is right about the risk of engine damage from a valve-piston collision, while Technician B is incorrect about the definition of an OHV engine.
Technician A is correct in stating that if a valve is open when the piston rises to the top of a cylinder, there is a risk of serious engine damage due to contact between the piston and valve head, which is known as a piston-valve collision. This is a condition that can occur if the engine's timing is incorrect, such as when a timing belt or chain breaks or slips. Technician B, however, is incorrect; if the camshaft is located within the engine block, the engine design is referred to as a cam-in-block or pushrod engine. An overhead valve (OHV) engine does have the camshaft in the block, but the term 'OHV' is specifically used to describe engines where the valves are located in the cylinder head above the pistons, operated by pushrods and rocker arms. The correct answer to the question is D, A only.
_____ are travelers who prefer visiting unusual, exotic places.
Dependables
Venturers
Centrics
Intermediaries
The answer should be Venturers.
The Definition of Venture is an undertaking involving uncertainty as to the outcome, especially a risky or dangerous one for example a mountain-climbing venture.
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Which type of financial ratio indicates whether or not the organization is capable of paying off its short-term debts without having to sell any of its inventories?
To exercise due care, an accountant should
a. take continuing professional education classes.
b. report whether the financial statements are in accordance with gaap.
c. gather enough audit evidence to have complete assurance that there is enough support for the accountant's opinion on the financial statements.
d. conduct the engagement in accordance with gaas and ensure that the engagement is completed on a timely basis.
A key skill in the global economy is to create an organization in which people's differences are leveraged for maximum performance while conflict is minimized.
When were merchant banks first established as a service to the public?
1.The Middle Ages
2.The 17th century
3.The 18th century
4.The 19th century
Frank is a popular actor and is known to be fond of gadgets. the marketing department of tekring, a manufacturer of cell phones, engages him as their brand ambassador. frank is often seen using a tekring cell phone in public. in the context of consumer buying decisions, frank is considered to be a(n) _____. market maven family member opinion leader decision maker
Frank is considered to be an opinion leader. An opinion leader is defined as an individual or organization that is well known of which the person has the capability of influencing the opinion of the public that is based on a particular subject matter.