Place Utility I think not one hundred though.
Grocery stores in tourist areas can charge more because tourists are willing to pay for convenience and local products, leading to higher impulse buys. These stores use price discrimination based on the inelastic demand of tourists who have fewer alternatives and are already committed to the expense of traveling.
Grocery stores in tourist hot spots can charge higher prices for items because of factors related to the economics of location and demand. These stores capitalize on the one-stop-shop experience they offer, which includes the convenience of location and sometimes the inclusion of local products, which can be especially appealing to tourists.
Tourists are often willing to pay a premium for the convenience and for local products they cannot find elsewhere, leading to higher impulse buys. Additionally, tourists might have an inelastic demand for necessities because of their limited options, and convenience stores can exploit this by charging higher prices.
Price discrimination, such as charging different prices in different locations, is common in the retail industry. Outlet malls, for instance, charge lower prices largely because they are located farther from major urban centers and can target a different demographic, with the expectation that customers have more elastic demand due to the inconvenience and travel costs to get there. This contrasts with higher prices charged in city centers where the rents are higher and the demand more inelastic, as seen with certain restaurants.
Thus, the profitability of convenience stores, and particularly those in tourist areas, is tied to their unique positioning and ability to cater to a market that values convenience and local offerings over price.
A government-imposed price of $12 in this market is an example of a
a. Non-binding price ceiling that creates a shortage.
b. Binding price ceiling that creates a shortage.
c. Binding price floor that creates a surplus.
d. Non-binding price floor that creates a surplus.
Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
A government-imposed price of $12 in this market is an example of a binding price ceiling that creates a shortage.
Explanation:A government-imposed price of $12 in this market is an example of a binding price ceiling that creates a shortage. A price ceiling is a legal maximum price set by the government, and if it is set below the equilibrium price, it creates a shortage because the quantity demanded exceeds the quantity supplied. In this case, the price of $12 is below the equilibrium price, causing a shortage.
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As a unit of measure, money makes it easier for consumers to do what?a. compare prices of different products.b. make a bigger profit from their income.c. have a better exchange rate with other currencies.d. get more unearned income
Ike and nancy lara give western dance lessons at the elk's lodge on sunday nights. The lessons cost $ 3.00 $3.00 for members of the lodge and $ 5.00 $5.00 for nonmembers. Half of the money collected for the lesson is paid to ike and nancy. The elk's lodge keeps the other half. One sunday night ike counts 36 36 people in the dance lesson.
a.
a. What is the least amount of money ike and nancy will make? Ike and nancy will make at least $ .
b.
b. What is the largest amount of money ike and nancy will make? Ike and nancy will make no more than $ .
Answer:
a. Ike and Nancy will make at least $54.
b. Ike and Nancy will make no more than $90 .
a.Ike and Nancy will make the least money if all the 36 people were members of Elk Lodge.
If all the 36 people who took the class on Sunday were members of Elk Lodge, each of the 36 people would have paid only $3.00 for the lesson.
Since Ike and Nancy are paid only half of the money, they'll get [tex]\frac{1}{2}*3 = 1.50[/tex] per person.
Hence Ike and Nancy will make [tex]1.50 * 36 =54[/tex]
b. Ike and Nancy will make the most money if all the 36 people were not members of Elk Lodge.
If all the 36 people who took the class on Sunday were members of Elk Lodge, each of the 36 people would have paid $5.00 for the lesson.
Since Ike and Nancy are paid only half of the money, they'll get [tex]\frac{1}{2}*5 = 2.50[/tex] per person.
Hence Ike and Nancy will make [tex]2.50 * 36 =90[/tex]
The schedule shows the ____ of goods the business can produce.
The schedule shows the quantity of goods the business can produce .
combination just took test\
What are the pros and cons of being a single decision-maker?
Pros:
No one can stop you from picking that person/place/thing.
Cons:
you don't know what to decide.
Single-decision maker tends to benefit from the autonomy to take decisions and make required amendments, whereas the disadvantages include that there may be bias and efficiency could have been improved.
ExplanationSingle-decision maker is alone to make final decision calls which permits him or her to enjoy the autonomy of their job and implement their skill set on the situation at hand. On the other hand, making decisions alone tend to permit the decision maker to bring in bias within the context of the decision and the situation in all. Therefore, it can be good as well as bad.
which of the following are examples of jobs in the allied health profession???
A: HVACR Technician
B: Machinist
C: Physical therapist
D: Veterinary technician
E: Satisfaction
Answer:
C: Physical therapist
D: Veterinary technician
those are the ones
Explanation:
Physical therapist and veterinary technician are examples of jobs in the allied health profession, while satisfaction is not.
Explanation:The examples of jobs in the allied health profession are the following:
Physical therapist: Physical therapists help people improve their mobility and manage pain through exercises and other treatments. Physical therapies provide better treatment to the patients in the field of bodily injuries.Veterinary technician: Veterinary technicians assist veterinarians in providing medical care to animals by performing tasks such as taking X-rays and collecting lab samples.Satisfaction: Satisfaction is not an example of a job in the allied health profession. It is not related to healthcare or medical services.Learn more about allied health profession here:https://brainly.com/question/32254121
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If the price for widgets was set at $4
A) buyers would purchase all of the available widgets.
B) producers would discover that the price was too low.
C) buyers would purchase more widgets than are available.
D) producers would discover that the price should be lowered.
The correct answer was
D) producers would discover that the price should be lowered.
If the price for widgets was set at $4 D) producers would discover that the price should be lowered.
The price would be discovered as wanting to be set at a lower rate due to the price where the number sold and the price point they would purchase the most at is at $2.50. If the price was set at $2.50 demand and supply would be at an equal therefor the product would be moving and demanded at the same rate.
A wireless phone plan costs eric $35 for a month of service during which he sent 450 text messages.if he was charged a fixed fee of 12.50,how much did he pay per text
Answer: Eric paid $0.05 or 5 cents per text.
We have
Cost of wireless phone plan $35
Fixed charges $12.50
Cost of the text messages [tex]22.50 (35 -12.50)[/tex]
We need to deduct the Fixed charges, because Eric would have had to pay those charges even if he didn't send one text messages.
So, the cost per text messages is [tex]\frac{22.50}{450} = 0.05[/tex]
Lamar is researching a business opportunity and has asked his acquisition team to help him review and verify all of the information about the business. This process of research and verification is called
:
trust and verify.
due diligence.
truth and consequences.
due assessment.
due diligence - reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.
Answer:
due diligence
Explanation:
In business, due diligence refers to investigate, review or verify information regarding a potential business activity or investment. Before entering a business contract, both parties are expected (but not obligated) to perform due diligence to make sure that all legal requirements are met.
When should you start saving money?
A. After you get your first job.
B. As soon as you have the money.
Answer:
b)
Explanation:
b- as soon and you have the money ~ so that let's say for example you want a phone and the phone is 300 dollars and you get 15 dollars/ an hour you would save up to get it
You're trying to choose between two different investments, both of which have up-front costs of $86,000. investment g returns $151,000 in 7 years. investment h returns $271,000 in 14 years. calculate the rate of return for each these investments.
Answer: The Rate of return earned by Investment G is 8.37%, while the rate of return earned by investment H is 8.54%.
We have
Investment G Investment H
Future Value of returns 151000 271000
No. of years 7 14
Costs 86000 86000
Rate of Return Formula :
[tex]RoR = \left (\frac{Ending Value of investment}{Beginning Value of investment}\right )^\frac{1}{n} -1[/tex]
Substituting we get ,
Investment G
[tex]RoR = \left (\frac{151000}{86000}\right )^\frac{1}{7} -1[/tex]
[tex]RoR = 1.755813953^{0.142857143} -1[/tex]
[tex]RoR = 1.083740989 -1 = 0.083740989[/tex]
RoR = 8.37%
Investment H
[tex]RoR = \left (\frac{271000}{86000}\right )^\frac{1}{14} -1[/tex]
[tex]RoR = 3.151162791^{0.071428571} -1[/tex]
[tex]RoR = 1.085438096-1 = 0. 085438096[/tex]
RoR = 8.54%
Final answer:
The rate of return for Investment G is 75.58%, and for Investment H, it is 215.12%. These represent the total returns over the respective investment periods of 7 and 14 years without considering annual compounding.
Explanation:
To calculate the rate of return for both investments, we will follow a simple formula that utilizes the total returns and the initial investment costs. The formula for the rate of return is (Total Return - Initial Investment) / Initial Investment. Let's apply this formula to each investment.
For Investment G, the total return is $151,000 and the initial investment is $86,000. So, the rate of return is (151,000 - 86,000) / 86,000, which equals 0.7558 or 75.58%. Since this occurs over 7 years, the annual rate of return would be needed for full comparison. However, as this was not requested, we proceed with Investment H.
For Investment H, the total return is $271,000 and the initial investment is again $86,000. Thus, the rate of return is (271,000 - 86,000) / 86,000, which equals 2.1512 or 215.12%. Similar to Investment G, the annual rate would typically be calculated for full comparison over the 14-year period.
It is crucial to note that we aren't accounting for compound interest in these calculations because we're simply calculating the overall return over time, not annually compounded.
What is a company conflict of interest?
A conflict of interest is a situation in which a person or organization is involved in multiple interests, financial interest, or otherwise, one of which could possibly corrupt the motivation of the individual or organization.
Personal finance is essentially about finance at a what level? It helps improve your short term and long-term what?
Answer:
Personal finance is about managing finances at an individual level. It helps people to keep a tab on their earnings and expenses.
It helps individuals to carefully evaluate their incomes and expenditures relative to their financial goals and aspirations.
It enables individuals to develop plans to save for their short-term goals, long term goals and retirement. Hence it helps in improving the state of finances of individuals over the short and long term.
Answer:
basic, prosperity
Explanation:
Marketing is often considered a creative endeavor but even the creative process needs _________
I think that the answer is marketing information.
choices are marketing information, information, and store information
The correct asnwer is information becasue you need both marketing and store info.
Marketing's creative process requires marketing information to shape the marketing mix. This information aids in aligning promotional activities and optimizing resource allocation for both small and large-scale campaigns.
Marketing is often considered a creative endeavor, but even the creative process needs structure and information. The correct answer to the student's question is marketing information. This information is critical as it helps to shape the marketing mix, which includes decisions about price, promotional activities, location, and sales channels. In any campaign, from large-scale brand advertising to small retail ads, the gathered information helps in understanding the product, the audience, the competition, and how money should be spent effectively.
For instance, a brand advertising campaign that will run over several months and in several media is likely to rest on a large information base to ensure consistency and effectiveness across all platforms. On the other hand, a retail ad placed in a local newspaper by a neighborhood shoe store may require less extensive information. Still, the management of time and money must be informed by the proper data to maximize the impact of the message. A variety of digital tools can also assist in managing and analyzing the information that has been collected.
It's vital to note that much of the information used in creating advertising does not appear directly in the ad's content but is used to understand the background encompassing the audience and message. Hence, marketing information plays a significant role in solving market function problems and improving the efficiency of economic allocation.
Benefits add how much value to employees' pay?
A)10-20%
B)20-30%
C)30-40%
D)50-60%
Hi BabyGirl1093,
Benefits add how much value to employees' pay?
Well benfits add up to an average of 30.8%. Which is between 30 and 40!
Answer - C)30-40%
Answer:
30% to 40%
Explanation:
For base pay for most employees
What is the difference between a shift of the demand curve and movement of the equilibrium point along the demand curve
Shift in the demand curve represents changed market dynamics, where movement is due to a shift in the supply curve
ExplanationA shift in the demand curve will only be experienced when an absolute change is witnessed. This absolute change can be for various reasons including a technological shift, change in consumer buying patterns and so on and so forth. Movement along the demand curve takes place when the supply curve shifts outwards or otherwise, there is a movement then noticed on the demand curve for equilibrium to be achieved.
You have decided both to open a savings account and to purchase a vehicle. You would like a savings account with the highest interest rate and a vehicle loan with a low interest rate. You currently have a checking account at Bank A. From the banks listed below, determine with which bank you should open a savings account and at which bank should you apply for your vehicle loan.
a.
Bank A for the car loan and Bank B for the savings account
b.
Bank C for the car loan and Bank C for the savings account
c.
Bank B for the car loan and Bank A for the savings account
d.
Bank B for the car loan and Bank B for the savings account
The bank you should open a savings account with is Bank A and the bank, should you apply for your vehicle loan is Bank B. Thus the correct option is C.
What is Bank?
A bank is referred to as a financial institution that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
In the given case, it is explained that Both opening a savings account and getting a car are decisions you have made. You want to borrow money for a car at a cheap interest rate and have the greatest interest rate savings account.
In order to avoid any burden you should make decisions with Bank B for the car loan and Bank A for the savings account and enjoy the assets for a lifetime with appropriate benefits.
Therefore, option C is appropriate.
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Which statement describes a benefit of international trade?
Chawalia is a South Asian nation with an agricultural economy specializing in production of aromatic rice. To increase production, the government introduces mechanized farming. This process increases the production of rice by 120%. The government begins exporting the surplus rice to Europe and the Americas. From then on, aromatic rice exports makes up 40% of Chawalia’s annual GDP. To further increase production, Chawalia formulates a program aimed at producing a minimum of 50 million tons of rice every year. It brings more land under cultivation. It conducts workshops and training sessions on good agricultural practices. It provides financing to farmers for buying farm equipment. As a result, more and more farmers practice mechanized farming, leading to a further increase in production. Soon, Chawalia has a 33% share of global rice production.
1.To increase production, the government introduces mechanized farming.
2. From then on, aromatic rice exports makes up 40% of Chawalia’s annual GDP.
3. It conducts workshops and training sessions on good agricultural practices.
4.Soon, Chawalia has a 33% share of global rice production.
A benefit of international trade is that it allows countries to specialize in producing goods or services in which they have a comparative advantage and increase their production efficiency and output.
Explanation:A benefit of international trade is that it allows countries to specialize in producing goods or services in which they have a comparative advantage. Comparative advantage refers to the ability of a country to produce a particular good or service at a lower opportunity cost than another country. When countries specialize, they can increase their production efficiency and output, leading to economic growth. In the case of Chawalia, the South Asian nation specialized in producing aromatic rice and increased production by introducing mechanized farming. This allowed them to export the surplus rice, contributing to their annual GDP and global rice production share.
Josey started a business called music and memories™. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Music and memories™ is best classified as a(n) ______ organization.
Music and memories™ is best classified as a "non-profit" organization.
A non-profit organization (NPO) is one which isn't driven by benefit yet by commitment to a given reason that is the objective of all wage past what it takes to run the association.
Non-profit organizations are regularly utilized for trusts, cooperatives, backing, philanthropy, natural and religious gatherings.
Numerous however not all NPOs have paid staff in administration positions; all utilization volunteers. NPOs have no proprietors for surplus benefits to go to and any surplus subsequent to working costs are utilized to encourage its objectives as opposed to being conveyed between individuals or representatives of the organization.
Final answer:
Music and Memories™ is best classified as a non-profit organization as it reinvests excess funds into enriching programs rather than personal profit.
Explanation:
Music and Memories™ is best classified as a non-profit organization because although it aims for financial gain, it reinvests excess funds into enriching its programs rather than for personal profit. This aligns with the characteristics of a non-profit organization that prioritizes a mission over making money for individuals.
The steps (in order) in the disruptive innovation cycle is ________. select one:
a. choosing, matching, executing, and assessing
b. matching, evaluating, executing, and assessing
c. matching, choosing, executing, and assessing
d. choosing, evaluating, executing, and assessing
e. evaluating, matching, executing, and assessing
The answer to your question is,
A. Choosing, matching, executing, and assessing.
-Mabel <3
The typical steps in the disruptive innovation cycle are identifying a market opportunity, developing a new innovative solution, executing it on the market, and iterating based on assessment, but the given options don't match this exactly.
Explanation:The steps in order in the disruptive innovation cycle are not explicitly given in any of the choices you’ve listed. Typically, disruptive innovation involves a process like this: Identifying a market opportunity (often a niche market initially), developing a unique innovation, executing that innovation in the market and then assessing or evaluating the results and iterating as necessary. However, without further context provided, it's difficult to map your given options to this usual outline of the disruptive innovation process.
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When treasury stock is reissued for more than cost,
A. debit Cash and credit Treasury Stock.
B. debit Cash and credit Treasury Stock and Paid-In Capital from Treasury Stock.
C. debit Cash and credit Common Stock and Paid-In Capital from Common Stock.
D. debit Cash and credit Treasury Stock and Retained Earnings.
The correct answer is B. Debit cash and credit Treasury stock and paid in capital from Treasury stock.
If the treasury stock is being reused for more than what it was supposed to be in the acquisition cost the amount of cash which is in excess is being credited from Treasury Stock from Paid-in capital.
If it is reused for less amount then what we got out of the deductions is being debited from previous transactions of treasury stock to the account of paid-in capital.
If the balance which has remained in the previous stock is insufficient then the difference goes to be charged to the retained earnings.
The scanner data collected by Frito-Lay is a form of ________ data.
The answer is: Internal secondary data
Internal secondary data refers to the type of data that is acquired and stored inside the organization simply by doing its normal operation without having to pay any additional cost for the data.
When fritto lay obtain its data from scanners (that usually occurs for every purchase) , the data would automatically be stored in its database without interference from any third party.
Frito-Lay collects scanner data, a form of qualitative data. This kind of data is nonnumerical and could include perspectives, feedback, and insights from customers.
Explanation:The scanner data collected by Frito-Lay is a form of qualitative data. Qualitative data is nonnumerical data, often collected when the researcher is at the research site. In the context of Frito-Lay, the company could be collecting data about customer preferences, feedback, and insights through various qualitative research methods. This could include things such as language, feelings, or impressions.
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Typically, the only credit to the retained earnings account for a corporation is
A. any withdrawals by the owners.
B. net loss of the period.
C. net income of the period.
D. the initial investment of stockholders.
Answer is C. net income of the period
A is wrong because withdrawals by owners would only reduce the credit and not add anything to it.
B is also wrong since debiting the retained earnings will also decrease the equity so it will result in a net loss for the company.
Answer is C since crediting the net earning implies that the organization earned some profit which would increase the equity.
D is wrong too because the initial investment does not go to the retained earnings.
C. net income of the period.
Tips, bonuses, and capital gains are all _____. Deductions on your paycheck stub fields on the W-2 form that need to be completed employee benefits sources of income
Tips, bonuses, and capital gains are all sources of income. Earned income typically includes salaries and bonuses, wages, commissions and tips.e Employment, investment and welfare are all examples of sources of income. Capital gain which us the profit that results from a sale of a capital asset is also an income.
Reynaldo has purchased a home with an assessed value of $195,000. The
property tax rate in his area is 1.9%. What is his monthly tax payment?
Property taxes are usually calculated per annum (year). Thus the annual tax for Reynaldo's newly purchased home can be calculated by multiplying the value of the asset by the per annum tax rate. Hence the annual (yearly) tax for Reynaldo would be $3705 ($195,000 x 1.9%). Then the monthly tax payment would be $308.75 ($3705 ÷ 12, because an year has 12 months)
Answer:
$308.75 yerrd
Explanation:
Rick's Internet Corporation's balance in Retained Earnings is $30,000. The board of directors directs that $15,000 be appropriated for future business expansion. This will cause total retained earnings to
A. increase by $15,000.
B. increase or decrease $5,000, as determined by the board.
C. decrease by $15,000.
D. remain at $30,000.
Answer is D. remain at $30,000.
Explanation:
Rick's Internet Corporation balance in retained earnings = $30,000
Appropriated earning for future business expansion = $15,000
This appropriated earning set for future use will have no effect on the total retained earnings, because for appropriate retained earnings, the entry is to debit the retained earnings account.
Also, it would be board's decision if they want to use the money from the retained earnings or add more capital to it.
Entrepreneurs may be motivated to succeed in order to take care of their families.
True
ExplanationEntrepreneurs tend to take a risk of letting go of the opportunity cost of earning on a job. This therefore leads the person spending all their time and efforts in their venture business and putting in efforts. This however also means that they must ensure that return is achieved since their families and their consumption stakes depend on the very perception of maintenance.
An increase in the supply of a product would most likey be caused by
An increase in demand.
a increase in the supply means a decrease in demand
What re the advantages of a bank savings account
In the graph, the equilibrium price is approximately
A) $1.00
B) $3.00
C) $5.00
D) $6.00
It seems the equilibrium might be the option B
Answer:
B) $3.00
Explanation: