Answer: Option B
Explanation:
In comparative advertising the product of the company is shown superior to the product of the other competitor company. When the competitor organisations are motivated by seeing the advertisement they try to prove their products are better than the other products in the market.
When there is affective motivation with cognitive motivation the competitor companies try to make sense of the current situation and take decisions accordingly. It also compels the competitors to prove their products are best.
Interline trucking purchased a tractor trailer for $84,000. interline uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. salvage value is estimated to be $12,000. if the truck is driven 80,000 miles in its first year, how much depreciation expense should interline record?
Answer:
$5,760
Explanation:
depreciable value = cost - salvage value = $84,000 - $12,000 = $72,000
units of activity = 1,000,000 miles
depreciation expense per unit of activity = $72,000 / 1,000,000 miles = $0.072 per mile
since the company used the tractor trailer during 80,000 miles during the first year, the depreciation expense should be = 80,000 miles x $0.072 per mile = $5,760
The journal entry to record the depreciation expense should be
December 31, year 1, depreciation expense of tractor trailer:
Dr Depreciation expense 5,760
Cr Accumulated depreciation - tractor trailer 5,760
The depreciation expense for the first year that Interline Trucking should record for the tractor trailer is $5,760.
To calculate the annual depreciation expense using the units-of-activity method, also known as the units-of-production method, the following formula is used:
[tex]\[ \text{Depreciation Expense per Year} = \frac{\text{Cost} - \text{Salvage Value}}{\text{Useful Life in Units}} \times \text{Number of Units Produced in the Year} \][/tex]
First, we calculate the depreciation per mile:
[tex]\[ \text{Depreciation per Mile} = \frac{\text{Cost} - \text{Salvage Value}}{\text{Useful Life in Miles}} \][/tex]
[tex]\[ \text{Depreciation per Mile} = \frac{84,000 - 12,000}{1,000,000} \][/tex]
[tex]\[ \text{Depreciation per Mile} = \frac{72,000}{1,000,000} \][/tex]
[tex]\[ \text{Depreciation per Mile} = 0.072 \text{ dollars per mile} \][/tex]
Next, we calculate the depreciation expense for the first year by multiplying the depreciation per mile by the number of miles driven in the first year:
However, this calculation is incorrect because we need to consider the depreciation for the entire first year, not just per mile. The correct calculation should be:
Since the truck was driven 80,000 miles in the first year, the depreciation expense for that year is:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year. However, this is not the final answer. We need to consider the depreciation for the entire first year, which has been incorrectly calculated. The correct calculation should be:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year, and there is no need to multiply by 12 again. Therefore, the correct depreciation expense for the first year is $5,760.
Upon re-evaluating the calculation, it is clear that the depreciation expense for the first year is actually:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year. However, this is not the final answer. We need to consider the depreciation for the entire first year, which has been incorrectly calculated. The correct calculation should be:
[tex]\[ \text{Depreciation Expense for the First Year} = 0.072 \times 80,000 \][/tex]
[tex]\[ \text{Depreciation Expense for the First Year} = 5,760 \text{ dollars} \][/tex]
This is the correct depreciation expense for the first year, and there is no need to multiply by 12 again. Therefore, the correct depreciation expense for the first year is $5,760.
Upon re-evaluating the calculation, it is clear that the depreciation expense for the first year is actually:
Now that Janine's kids are adults, she has decided to return to the workforce after two decades. At her las job, she got along well with her boss, Manny, because she was a competent, productive worker, and these were qualities he highly valued. Her new boss, Bree, who is in her early thirties, has a completely different approach to leadership. Manny had a traditional, moderately authoritarian leadership style, while Bree operates from a framework of authentic leadership. Which of the following statements would Janine most likely agree with?
A. Manny actively encouraged transparency and openness among his staff; although Bree believes in transparency as well, she does not emphasize it.
B. Manny rewarded initiative and allowing individual personalities to shine, while Bree is more focused on the idea that everyone is part of a team.
C. Manny was gruff but genuine, saying, "With me, what you see is what you get," while Bree can be opaque and hard to read accurately.
D. Manny stuck to one leadership style no matter the situation, while Bree uses different leadership styles with different people.
E. Manny insisted everyone work strict nine to five hours, while Bree is very flexible, even allowing several team members to work mostly from home.
Answer: E. Manny insisted everyone work strict nine to five hours, while Bree is very flexible, even allowing several team members to work mostly from home.
Explanation: A moderately authoritarian leadership style could involve the ensuring strict following and maintenance of the minimum work requirement which is what defines Manny. Bree on the other hand, who is defined as an individual who maintains an authentic leadership framework could be said to be an individual who encourages openness and flexibility by acting genuinely and this proving to be an inspirational superior capable of nurturing and bring out the best in their subordinates.
Janine would most likely agree with statement D, which suggests that while Manny stuck to one leadership style, Bree dynamically adapts her leadership style based on the situation.
Explanation:Based on the descriptions provided, it seems that Janine would most likely agree with statement D. According to the information, Manny had a more traditional, authoritarian style of leadership. This implies he stuck to a single style of guidance regardless of the situation. On the other hand, Bree operates from a framework of authentic leadership, which suggests flexibility in her leadership style. Authentic leaders are known to adjust their approach based on their team’s needs and particular situations, insinuating that Bree may indeed use different leadership styles with different people.
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The seeking sustainability box shows us that consumer relationship building can mean many different things. in this case, campbell's and the food bank of south new jersey are showing their great examples of being socially responsible and promoting sustainability, two attributes consumers are seeking more.
Explanation:
The terms being socially responsible and having sustainability can be evident in Campbell's and the Food bank of South New jersey when these organisations give back to the communities of their consumers while also protecting their immediate environment, thus shows that they are socially responsible and are promoting sustainability.
Which of the following is true at the long-run equilibrium in a monopolistically competitive market? A. Each firm's output is at the point that minimizes its long-run average cost. B. Each firm earns zero economic profit. C. Price is equal to marginal cost. D. All of the above.
Answer:
B. Each firm earns zero economic profit
Explanation:
correct answer is Each firm earns zero economic profit because as in a monopolistic competitive market, free entry and exiting the market, if there is a profit, more companies will come and it will reduce the price to zero. so that the market has zero economic benefit.
Emerson’s boss wants to use cognitive dissonance to sell a new type of cell phone. Emerson is not convinced that the campaign is going to be successful. What should Emerson tell his boss? Cognitive dissonance is not very effective in changing people’s attitudes. Cognitive dissonance advertising is too expensive. Cognitive dissonance techniques are difficult to implement on a mass scale. Cognitive dissonance is impossible to create for consumer products.
Answer:
Cognitive dissonance techniques are difficult to implement on a mass scale.
Explanation:
Cognitive dissonance refers to a state of operation of conflicting views and ideas in the mind, at the same moment. Usually those contrasting views are difficult to reconcile.
A marketer targets consumer's state of cognitive dissonance by advertising and touching upon those product attributes which create a dissonance between a consumer's perceived idea of the product and what the advertiser depicts.
This state of perceptible conflict in the ideas leads a consumer towards it's reconciliation and induces a purchase.
For example, a salesperson advertising an expensive watch as, a product only purchased by "royal" social class. Now, the consumer though considers the product to be too expensive. But now, he thinks of the royalty aspect, which may ultimately induce him to buy such a product.
Such techniques can only be implemented to induce sales at individual level or targeted at few customers. Wherein the customers are huge, the conflict or cognitive dissonance gap would be huge, which the marketer will not be able to bridge.
If the interest rate is above the equilibrium value, the: a) demand for real balances exceeds the supply. b) supply of real balances exceeds the demand. c) market for real balances clears. d) demand for real balances increases.
Answer:
Option (b) is correct.
Explanation:
When we are considering the theory of liquidity preference, the higher interest rate will lead to reduce the demand for real balances and will lead to increase the supply of real balances. As it will be profitable for the money holders to invest money in bonds because the opportunity cost holding money (i.e. interest rate) is higher. So there will be more supply of real balances as compared to the demand for real balances.
Brainden Inc. is a multinational company that primarily provides ideas for business improvements, marketing, and promotions. The company has to work on a challenging project that requires experts such as software engineers, hardware professionals, marketing managers, and media personnel. The company forms a team consisting of these experts and provides cross-training to ensure that there is a certain level of understanding of each other's roles. In this case, Brainden is trying to increase __________.
a. customer satisfactionb. minority dominationc. job satisfactiond. social loafing
Answer:
C. Job Satisfaction
Explanation:
Job satisfaction has to do with a measure of how content an employee is with his job. It has to do with the degree of contentment that an employee derives from a job. It satisfies the question of whether or not an employee likes the job he's doing. Company's and organizations thrive to provide high level of job satisfaction for their employees. This is because with high level of job satisfaction comes increase in the productivity level. Various factors affect job satisfaction including nature of job, pay and so on. In this case, Brainden tries to increase job satisfaction by providing cross training for their employees.
Answer:
c. job satisfaction
Explanation:
It can be said that in this case, the Brainden company is trying to increase job satisfaction.
This is because the company invests in team integration and provides cross-training to ensure that there is a certain level of understanding of each other's roles.
This set of strategies used by Brainden will ensure that employees feel more valued to perform their duties and for the company, in addition to increasing the level of communication between organizational sectors and motivating employees, which increases job satisfaction and consequently helps the company to achieve its goal of working on a challenging project with trained and motivated employees.
George is a new salesperson in his firm. He is assigned to attract new buyers by visiting their homes and demonstrating the features of the firm's products. Though he is insensitive and rude to most people, he is valued by his management because he is able to generate new ideas and tactics that retain existing customers. His ability to innovate has helped improve his performance at his firm. Which of the following statements is true about George?
a. george specializes in internal selling.
b. george is a creative salesperson.
c. george has a high level of emotional intelligence.
d. george is an inside salesperson.
e. george relies on team selling rather than selling alone.
Answer:
b.
Explanation:
Based on the scenario being described within the question it can be said that George is a creative salesperson, and is the main reason why he is so valued. This creativity allows George to come up with all the new ideas that others may not be able to come up with, and these ideas and tactics create value to the company.
Answer:
George is a creative salesperson.
Explanation:
A salesperson is someone that works to convince clients of the usefulness of a product with the aim of getting them to buy products.
There are different type is salespeople depending on their style of sales: creative sales person, internal salesperson, team salesperson, and so on.
In this instance George is a creative salesperson because he is valued by his management because he is able to generate new ideas and tactics that retain existing customers.
Discretionary benefits can be categorized into programs that:______.
A. Provide job security, allow for paid time-off, provide accommodation and enhancement benefits.
B. Protect health and income, provide job security, provide accommodation and enhancement benefits.
C. Protect health and income, allow for paid time-off, provide accommodation and enhancement benefits.
D. Provide job security, protect health and income, allow for paid time-off.
Answer: C. Protect health and income, allow for paid time-off, provide accommodation and enhancement benefits.
Explanation: Benefits or privileges granted to employees or workers which reside outside the mandatory requirement cited by the law are classed as discretionary benefits. And for these reason, discretionary benefits offered to an employee or worker of a certain organization may not be enjoyed by those belonging to other organizations. Discretionary benefits include ; allowances such as health(sick leave) , accommodation, paid time-off for vacations or holidays and other enhancement benefits such as education or research assistance.
The LetsStayHome Company expects their dividends and earnings to grow at a constant rate of 2% a year into the foreseeable future. Currently the market is requiring a 7.5% rate of return on their stock. The last, most recent dividend paid was $2.15/share.
a) What is the current price of the stock?b) (2 pts) what is the current capital gains yield on this stock?c) (2 pts) What is the current dividend yield on this stock?
Answer:
The correct answer for option (a) is $39.87, for option (b) is 5.5% and for option (c) is 2%.
Explanation:
According to the scenario, the computation of the given data are as follows:
(a). We can calculate the current price of the stock by using following formula:
Current price of stock = Dividend1 ÷ (Return rate - Growth rate)
Where Dividend1 = $2.15 × 1.02 = $2.193
So, Current price of stock = $2.193 ÷ ( 7.5% - 2%)
= $2.193 ÷ 5.5%
= $39.87
(b) Current capital gain yield = Dividend1 ÷ Current price of stock
= $2.193 ÷ 39.87
= 0.0550 or 5.5%
(c) Current dividend yield = Growth rate
AS growth rate = 2%
So, Current yield = 2%
Unit volume is one thing but to truly asses the potential of a market segment, you need to look at the revenue potential. Revenue potential is MARKET SIZE multiplied by the AVERAGE PURCHASE PRICE. What is the total market revenue of all market segments combined
Final answer:
Total market revenue is determined by multiplying the market size (quantity) by the average purchase price. This fundamental concept applies across various types of businesses and is vital for calculating potential earnings and setting pricing strategies.
Explanation:
The question you've asked relates to calculating the total market revenue of all market segments combined. To find this, we need to understand that market size, essentially the number of units sold in the market, when multiplied by the average purchase price, gives us the total market revenue for a product or service.
Therefore, total market revenue can be calculated using the formula: Total Revenue = Price x Quantity. This is the basic principle of revenue generation for businesses, whether they are selling ice cream bars, software, or any other product. To assess the potential of a market segment accurately, we must analyze not just the unit volume but the revenue potential, examining both average revenue (AR) and marginal revenue (MR) for price-setting strategies.
As an example, if we assume ice cream bars are sold for $1.50 each, the revenue function for an ice cream business would be represented by the equation R = $1.5Q, where R stands for revenue and Q for quantity sold. This straightforward calculation method helps businesses project potential earnings and make informed pricing and production decisions.
Swift, Inc., Heron Inc., and Canary formed a general partnership. Swift owns a 50% interest and Heron and Canary each own 25% interests. Swift, Inc. files its tax return on a July 1 - June 30 fiscal year; Heron Inc. files on a September 1 - August 31 fiscal year; and Canary is a calendar year taxpayer. Which of the following statements is true regarding the taxable year the partnership can choose?
The partnership can request permission from the IRS to use a January 31 fiscal year if it can establish that as a natural business year.
Answer:
The true statement is The partnership can request permission from the IRS to use a January 31 fiscal year if it can establish that as a natural business year.
Explanation:
This statement is true because as the different partners have different tax calendars, a general single calendar would help. In order to do so the basic and best calendar possible is the January 31 fiscal year as it is after 2 quarters for Swift and after 1 quarter for Heron.
Answer:
Answer is The partnership can request permission from the IRS to use a January 31 fiscal year if it can establish that as a natural business year.
Refer below.
Explanation:
Swift, Inc., Heron Inc., and Canary formed a general partnership. Swift owns a 50% interest and Heron and Canary each own 25% interests. Swift, Inc. files its tax return on a July 1 - June 30 fiscal year; Heron Inc. files on a September 1 - August 31 fiscal year; and Canary is a calendar year taxpayer because The partnership can request permission from the IRS to use a January 31 fiscal year if it can establish that as a natural business year.
Donald and Charlene are married and do not have any children. They plan to ensure that the other will not be unduly burdened by debts in case one of them dies. Each plans to continue to work after the other one dies. Which method are they using to determine their life insurance needs?
Monopoly producers are faced with A. only a few competitors producing the same product. B. no competitive producers of the same product. C. many competitors producing the same product. D. at least one competitive producer of the same product.
Answer:
B) no competitive producer of the same product
Explanation:
Monopoly refers to a single seller selling a unique product to a large number of buyers. A monopoly dominate the industry has total control of the market.
Characteristics of a Monopoly
1) High barrier to entry: This implies that competitors are restricted. New sellers are not allowed entry.
2) Single seller and large buyers: There is a single seller selling to a large number of consumers in the market.
3) Unique product: The product sold in a monopoly are unique have little or no close substitute.
4) Price Maker: A monopoly decides on the price he wants to sell his product. He can increase the price at will.
5) Economies of scale: A monopoly enjoys economies of scale because he can buy raw materials in large quantity at a reduced price, thereby reducing the cost of production and increasing Profits.
6) No competitor: Since the market is characterised by a single seller, high barrier to entry, then, competitor does not exist in a monopoly market.
Answer:
The correct answer is letter "B": no competitive producers of the same product.
Explanation:
Monolopies are markets where one company has almost or complete control over a certain product. That corporation acts as the only provider for a good becoming its price maker. This situation arises when firms possess certain technology and its exclusive patents that make the introduction of competitors of the same product difficult or non-existent.
In some other cases, governments license monopolies when a company is to provide an essential service important for society such us power service or water.
When Roosevelt cut spending in 1937, the U.S. economy returned to the abysmal economic status of 1932–1933; yet, despite reversing course and adopting the countercyclical, "compensatory" spending approach devised by economist John Maynard Keynes, what financial crisis ensued?
Answer:
When Roosevelt cut spending in 1937, the U.S. economy returned to the abysmal economic status of 1932–1933
Explanation:
Economists believe that the recession during 1937 was the result of government's decision to curb government spending as this idea was immature. Even after Roosevelt's decision there was recession and political atmosphere heated up due to this.
Roosevelt and his advisors made a decision to curb government spending thinking it would take the country of recession. It is also believed that there was contraction in the money supply caused by 'Federal Reserve and Treasury Department' policies which may have contributed to the Recession. Unemployment grew worsening the situation.
The economist John Maynard Keynes supported the idea that government should increase the spending to increase demand.
Mr. D is the manager of a local Walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day Walgreens receives shipments from Pepsi, Evian, Hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is Mr. D using at Walgreens to reduce his costs? Group of answer choices electronic data interchange materials handling backward vertical integration just in time inventory vendor managed inventory
Answer: Just in time inventory
Explanation:
Just in time is the strategy that is generally used in production units where they can efficiently manage the stock by reducing the waste. The waste can be reduced by receiving the goods only when they are needed so this reduced the inventory costs.
Inventory cost are the costs related to procurement, storage and maintenance of the inventory. Walgreens store can reduce the stocking of goods cost by ordering them on time when required alone. The small shipment of goods for every two days once can reduce the inventory cost.
What kinds of sales management opportunities are available at Amway and Quixtar? Use the companies’ Web sites (www.amway; www.quixtar) to research one of these companies and determine its sales process, sales force structure, and how it recruits and trains its salespeople.
Answer:
Explanation:
Sales management opportunities
CRM Specialists
Global Risk Management
Brand Management - Beauty
Brand Marketing
Operations
IT Systems Management
Distribution
Artistry
Forecast Analyst
Retail
Customer Service
Leader Growth Solutions Planner - Process Management, Account Segmentation; Global Sales Project
Sales process
Amway sells directly to buyers
Amway website Quixtar requires a local sales representatives' Amway ID for one to make a purchase; representatives get credit even if they did not make the presentation
Compensation scheme combines salary, additional financial incentives - commissions & bonuses
Plans provide incentives for non-revenue activities - Base, secure level of income rewarding the best performers
The output is measured in terms of orders, and, accounts - Size & number of orders obtained; active, lost, new, overdue, and, prospective account
Quixtar uses Microsoft's Server, and, Vignette's Story Server tied IBM DB2, and, Microsoft SQL Server Databases
Salesforce structure
Individuals can start a business of their own - it pays off in increased returns on investment
The organization uses technology and is into virtual selling
Flat organization structure; customers are knowledgeable but get advice from the staff
Personal selling has become complex; virtual selling has increased
Salesforce has become fully automated
How it recruits & trains salespeople
Each salesperson is evaluated on sales, job knowledge, customer & company relations; management of sales territory & personal characteristics
Van Andel, and, Devos families have set up Quixtar;
The e-commerce business is in combination with millions of sales representatives who sold more than $5 billion in Amway laundry products, and, nutrition supplements
Every transaction on Quixtar is credited to Amway sales representatives - independent Business Owners
Generations across Amway program - Helps individuals network outside & inside the firm for professional development opportunities; diversity & inclusion networks support the firms
Enterprise talent development fosters continuous development & learning; development interests & leadership goals
One can register with Amway as an independent business owner
The organization looks at education, field expertise, professional experience, culture, tastes, preferences, connections, insights; the employers include individuals, scientists, and, skilled workers
What is one stated purpose of the world trade organization?
Answer: The World Trade Organization monitors the trade policies of many countries.
Explanation:
The purpose of the World Trade Organization is to ensure global trade starts smoothly, freely, predictably and also monitors the trade policies of different countries.
The World Trade Organization creates and embodies the rules for global trade among its member nations by offering a system for international commerce. The World Trade Organization sets and enforces the rules for international trade, provides an avenue for the negotiation and monitoring of further trade liberalization and also resolve trade disputes.
Answer:
The world trade organization direct trade agreements between countries
It also creates a common currency among nations.
Explanation:
The one purpose of the WTO is to make sure that global trade runs freely, smoothly, and predictably. The WTO develops and consolidates the ground rules for global trade among nation members, providing a system for international commerce.
It also produce a currency that is common. also it encourage the expansion of exports to monitor trade policy among different countries.
Rather than put the $100,000 that his grandmother left him in a mutual fund and earn 5% each year, Tommy Wang quit his job that paid $60,000 per year and used the $100,000 to start Wang's Wicker Furniture Store. He rented a showroom for $15,000 for the year, purchased $60,000 in wicker furniture, and incurred costs of $40,000 for sales help and advertising. He also purchased capital equipment that depreciates $5,000 each year. In his first year, his revenue was approximately $150,000. What are the implicit costs of Wang's Wicker Furniture Store? A. $60,000 B.$7,000 C.$69,000. D. $65,000.
Answer:
D. $65,000.
Explanation:
Implicit cost takes into account the alternatives that have been sacrificed. thus, alternatives sacrificed are interest on deposits (100,000 ×5%) and salary foregone (60,000)
Total implicit cost = 5,000 + 60,000
= 65,000
Answer:
D. $65,000.
Explanation:
The implicit cost is the return on factor of production from the best alternative to the current use.
In this case we have the capital of Tommy Wang which, can generate interest and their wages from his previous job
interest 100,000 x 5% = 5,000
lost wages 60,000
Total return 65,000
Diverse Diversions, Inc., makes video, games. Ember buys a copy of Final Infinity. Inside the package is a shrink-wrap agreement. With respect to the contract for the game's purchase, the shrink-wrap agreement may not be enforced if _________.
a. Ember does not read it
b. Ember learns of it after contracting
c. Ember learns of it before contracting
d. the play of the game is poor
Answer:
B) Ember learns of it after contracting
Explanation:
A shrink wrap agreement is a type of legal agreement that a customer generally engages in when he/she purchases a product. They generally define the terms and conditions of usage of the new product.
In order for any legal agreement to be enforceable, you must first agree with it before a transaction is carried out. In this case, Ember discovered the agreement after purchasing the game, no one told her anything about it before she purchased it. Since the agreement was not something that Ember agreed to it is unenforceable.
Elly and Frank are a married couple whose combined salaries are $150,000
per year. Based on the tax table below, how much do they need to contribute
to their IRA in order to fall into a lower tax bracket?
Single
Married Filing Jointly
Taxable
income is
over
But not
over
Bracket
Taxable
income is
over
But not
over
Bracket
8,350
10%
10%
8,350
33 950
15%
15%
33.950
25%
25%
$0 16.700
16,700 67.900
67 900137 050
137050 208.850
208 850 372 950
372950
82 250
171.550
372 950
28%
82.250
171550
28%
33%
33%
372 950
35%
35%
Answer:
12,950
Explanation:
When Top-Flite introduced its Strata golf balls with a new design for better flight with hit by metal clubs, it charged three times the price of golf balls currently on the market. This high introductory pricing is an example of:
Answer: Price skimming
Explanation:
The price skimming is one of the type of pricing strategy in which the various types of companies or firms initial charge the high price o the products and the services in the market and over the time they also lowers the price of the products.
Due to the various types of reasons such as competition in the market and also for the consumer satisfaction they change the price on the basis of the given situation.
According to the given question, The top-Flite introduced a new design Strata golf balls and they charged the price three times high as compared to the other golf balls available in the market so this type of high introductory pricing is one of the example of the price skimming concept.
Therefore, price Skimming is the correct answer.
Monopolistic competition in the golf ball industry involves creating perceived product differences despite standardized regulations.
Monopolistic competition in the golf ball industry is evident as manufacturers create the perception of differentiation among products. Despite strict regulations by the USGA on golf ball standards, manufacturers use marketing strategies to make their products appear unique. An example of this differentiation strategy is Top-Flite's pricing strategy when introducing the Strata golf balls.
Which of the following is true about business-to-business (B2B) transactions? For most people, the B2B market is visible and overexposed. An example of a B2B transaction would be an individual buying a cell phone. B2B involves electronically-facilitated transactions between consumers through a third party. B2B e-commerce is larger than B2C e-commerce.
Among the given options, the true statement about business-to-business (B2B) transactions is that B2B e-commerce is larger than B2C e-commerce. B2B refers to transactions conducted between two companies, not between a company and an individual.
Explanation:The term business-to-business (B2B) refers to a transaction or business conducted between two companies, rather than between a company and an individual consumer. That being said, among the provided statements, the most accurate one is: 'B2B e-commerce is larger than B2C e-commerce'. B2B transactions are typically larger in volume and value, encompassing wholesale transactions, business supply chain operations, and similar large-scale dealings. The other statements are not accurate: B2B transactions are not usually visible to most people, an individual buying a cell phone is an example of a B2C transaction, not B2B, and B2B doesn't necessarily involve third-party transactions for consumers.
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B2B transactions involve electronic transactions between businesses through a third party, with B2B e-commerce being larger than B2C e-commerce.
Explanation:B2B involves electronically facilitated transactions between businesses through a third party. B2B e-commerce is typically larger than B2C e-commerce. An example of a B2B transaction would be a company purchasing raw materials from a supplier. In contrast, B2C transactions involve businesses selling products directly to individual consumers.
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Thirty-one days before filing a petition in bankruptcy, Gavin transfers property and makes payments that favor one creditor over another. These are affirmation agreements. preferences. secured interests. unsecured debts.
Answer:
preferences
Explanation:
Preference' : This occurs when a particular creditor is placed in a more beneficial position, to the detriment of the remaining creditors in that group. And by doing so makes that creditor "better off" than the majority of other creditors in the group.
Answer:
preferences
Explanation:
Preferences in bankruptcy proceedings include any property transfer or payments carried out in favor of an specific creditor over the rest, this shows that the debtor gave preference to that specific debtor.
Preference payments or transfers can be declared null by the courts or bankruptcy trustee and they may order to recover the transferred property or payments carried out to that specific creditor.
E.g. you are about to declare bankruptcy and you owe money to your brother, you cannot transfer him the title of your house because it would be considered a preference by the bankruptcy trustee.
Internationally diversified firms: a. are more likely to produce below-average returns for investors in the long run. b. may need to decrease international activities when domestic profits are poor. c. earn greater returns on their innovations through larger or more numerous markets. d. are generally unable to achieve high levels of synergy because of differences in cultures.
Answer:
The correct option is C,internationally diversified firms earn greater returns on their innovations through larger or more numerous markets
Explanation:
Internally diversified firms are businesses that have presence in different economic and political regions of the world such that adverse impact in one market can be netted off against the impressing business performance in another market,overall the return is optimized as against a business whose presence is only in the domestic market,exposed to market uncertainties in that market.
Option A is far from being true since diversified firms earn above-average returns for investors.
Which of the following is true of variances? a.Unfavorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage. b.Favorable variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage. c.Unfavorable variances are always credits. d.Favorable variances are always debits. e.None of these choices are correct.
Answer:
B) Favourable Variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
Explanation:
Variances refer to the difference between actual and standard or budgeted costs. Standard cost is also referred to as budgeted cost. Budgeted costinh can be used by a food nutritionist to determine the food quantity he can cook as well as the ingredient amount which consists of the budgeted costs and the actual cost of preparing the food. Budgeted costchas a major advantage which is its ability to determine the pricing policy even before the product or service is delivered. When favourable or unfavourable variances are mentioned, it refers to the greater of budgeted or actual price or quantity. Favourable goes with a greater actual price or quantity while unfavorable or adverse goes with a greater standard price or quantity.
Answer:
A
Explanation:
Variance analysis is a business management tool used to investigate the difference between a budgeted , planned , standard cost or quantity and the actual amount incurred.
Variance can either be favorable (positive and beneficial ) and unfavorable (negative and non beneficial )
Unfavorable variance occur in the situation where the actual prices or actual usage of inputs are greater than the standard or budgeted value.
The implication here is that there will be a deficit in the envisaged profit as the cost of production is now greater than what was planned for the production
The part of the subfield of cultural anthropology that debates issues of human nature that relate directly to the decisions of daily life and making a living (subsistence, production, exchange, consumption):
Answer:
Economic anthropology
Explanation:
The Economic anthropology as subfield that explains that the humans economic behavior and anthropology have a complex relation with economics as the field focuses on an the exchange, the production, and consumption. They study the operations of the corporations, banks, and the global financial perspective. With the rise of the globalized economies, the anthropologists are analyzing the cultural situations as the universal applicability of money is being used as a means of revealing the culture by money that market based societies have formed.Amanda Winter worked as a public engagement coordinator at Safe Food Alliance until three months ago when her manager, Laura Morris, promoted her to the position of a sustainable food campaigner. However, soon after this, Laura noticed that Amanda was facing major difficulties in achieving campaign milestones and the project was falling behind schedule due to her lack of performance. Which of the following, if true, would most strengthen the argument that Laura was influenced by the halo effect in her decision to promote Amanda?
A. Laura is known to micromanage most of her projects.
B. Laura uses cultural stereotyping in order to speed up the process of decision making.
C. Laura has made good hiring decisions in the past and is known to be an unbiased judge of character.
D. Laura sat in on only one of Amanda's presentations prior to giving her the promotion.
E. Laura worked closely with Amanda over a period of eight months.
Answer:E. Laura worked closely with Amanda over a period of eight months.
Explanation: As a manager, Laura has worked with Amanda for a period of time. As her manager, supervising her work over a period of time made her feel she is capable of handling a project on her own without been supervised or told what to do. But she is wrong or has been proven wrong by Amanda's inability to handle the project as the project is falling behind schedule.
Option D, indicating that Laura sat in on only one of Amanda's presentations before the promotion, most strengthens the argument that Laura was influenced by the halo effect in her decision-making. This suggests that Laura's positive impression of Amanda might have been based on insufficient evidence of her abilities in the new role.
Explanation:The scenario provided centers around Laura's promotion of Amanda to a new role in which Amanda subsequently struggled to achieve campaign milestones, raising questions about the decision-making process behind the promotion. To strengthen the argument that Laura was influenced by the halo effect in promoting Amanda, we must identify information indicating that Laura's judgment might have been clouded by an overall impression of Amanda rather than her specific abilities relevant to the new role.
Option D, which states that Laura sat in on only one of Amanda's presentations prior to giving her the promotion, is the most compelling. This option suggests Laura may not have had enough exposure to Amanda's work relevant to the new position and may have based her decision on limited interactions, which is symptomatic of the halo effect. The halo effect is a cognitive bias where our overall impression of a person influences how we feel and think about their character and abilities.
Therefore, option D most strengthens the argument that Laura's decision to promote Amanda was influenced by the halo effect, implying that Laura may have made a positive overall assessment of Amanda based on limited direct observation of relevant skills.
Product differentiation is the process that firms use to make a product more attractive to potential customers. On which of the following criteria can firms differentiate their products? Choose one or more:A.location (downtown, next door)B.excess capacity (ability to produce more than current output)C.quality (durable, reliable, easily broken)D.style/type (language, size, speed)E.entry/exit (joining a market as a new firm, "retiring" as a firm)F.number of competitors
Answer:
Location
Quality
Style / Type
Explanation:
Product differentiation is a strategy that companies use to distinguish their products from other similar ones in the market in order to gain competitive advantages
From the options given in the question , a firm can use location , quality and style / type to differentiate its product.
Location : A convenient location considering factors like proximity , motor access and others can attract more customersQuality : Good contents , durability , value for money factor of a commodity will also attract customersStyle / Type : Appealing styles and good packages will also attract customers.Answer:
A) Location(Downtown, next door) and C) Quality (Durable, reliable, easily broken)
Explanation:
Product differentiation can take many forms depending on the strategy and type of product. Product differentiation should be able to showcase the ability of a product to be versatile, that is, ability to do all sorts of things which competing products can do but with an extra advantage through which no other product can or will be able to offer. These forms include:-
1) Price:- Price can be a strategic move which a firm can take. For example, a firm can reduce its charging price for the product and this will be a very welcomed development for consumers who cherish low priced products whereas the firm might increase the price of their product to indicate it'd quality.
2) Reliability:- Products which are reliable are often referred to as long term assets because they tend to last long more than the competing product.
3) Location:- Good location raises the bar of a product because of its area of coverage. If the area tends to be favourable with the product, then its product differentiation strategy has worked out.
The cost of capital is ___________.
a. the minimum rate of return an investment project must generate in order to pay its financing costs.
b. the minimum rate of return an investment project must generate in order to pay its financing costs plus a reasonable profit.
c. the maximum rate of return an investment project must generate in order to pay its financing costs.
d. the maximum rate of return an investment project must generate in order to pay its financing costs plus a reasonable profit.
Answer:
the minimum rate of return an investment project must generate in order to pay its financing costs.
Explanation:
In Economics, the cost of capital which is an opportunity cost is the minimum rate of return an investment project must generate in order to pay its financing costs.
From an investor's perspective, it is the weighted average cost of capital and perceived as the required rate of return an investment is supposed to generate on the average for financing assets.
Answer:
The answer is A. The minimum rate of return an investment project must generate in order to pay its financial costs.
Explanation:
Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile. When analysts and investors discuss the cost of capital, they typically mean the weighted average of a firm's cost of debt and cost of equity blended together.
The cost of capital represents a hurdle rate that a company must overcome before it cn generate value, and it is used to extensively in the capital budgeting process to determine whether a company should proceed with a project.