Answer:
the S-T-P approach (market segmentation)
Explanation:
Segmenting, targeting, positioning is a well-known marketing model applicable when addressing a diverse customer base. It is synonymous with market segmentation.
In order for Jenna's plan to be effective, it has to tackle each target group specifically, according to their own characteristics, preferences and habits. That way, the company can tailor their marketing efforts towards each target group respectively.
During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data contained in its customer databases to earn extra revenue for the business. As a long-time member of the ACM (Association for Computing Machinery), Franklin is opposed to the idea because it violates which of the following imperatives in the ACM code of ethics?A. Be honest and trustworthy
B. Respect the Privacy of others
C. Honor property rights
D. Avoid harm to others
Answer:
B. Respect the privacy of others
Explanation:
Like in many other data privacy dilemmas, it is often considered highly unethical to give your customer's data to third parties. Having that in mind, it is a privacy breach to sell customer data.
The customers would have to give their consent in order to have their data used for purposes other than those that brought their data to Franklin's company in the first place.
Suppose? that, in the United? States, the inflation rate is at 3.2 percent? (the target inflation rate is 2? percent). Rapidly rising prices and low interest rates have spurred business to hire more workers and invest in new facilities.
Which of the following is likely to be true of the U.S. economy if there is a rapid rise in prices and low interest? rates?
A. There could be an appreciation of the U.S.? dollar, resulting in a lower output gap in the U.S. economy.
B. The U.S. economy could experience an increase in gross domestic? product, eventually resulting in an economic boom.
C. The U.S. economy could experience unsustainable? expansion, resulting in a sharp economic downturn.
Answer:
The correct answer is C. The U.S. economy could experience unsustainable? expansion, resulting in a sharp economic downturn.
Explanation:
Unsustainable economic growth is a theoretical economic situation proposed by Jagdish Bhagwati in 1958, where economic growth can become so counterproductive as to leave a country in worse conditions than before.
If growth is based solely on exports, these could lead to a fall in the terms of trade of the exporting nation. In rare circumstances, this fall could be even greater than the gains generated by the growth, worsening the country's situation. This result is viable only if the growing country influences international market prices.
The Smoot-Hawley Tariff Act was supposed to protect America’s businesses by raising taxes on imported goods. How did the tariff affect America? American businesses grew. Foreign countries retaliate and hurt American businesses. Americans responded by buying more foreign goods. Foreign countries were more willing to do business in America.brainly
Answer:
Foreign countries retaliate and hurt American businesses.
Explanation:
The Smoot-Hawley Tariff Act raised tariffs on imported goods, especially agricultural goods. The effects of tariffs back then and now are the same, they end up hurting the economy.
When any country increases tariffs on another's country's products, the other country will retaliate and increase tariffs on American products. The same that is happening now with China, happened back then.
Answer:
B and C
Explanation:
edge 2023
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery. Refer to Fact Pattern 10-1. If Belle Vista breaches the contract, Ambrose's remedy would most likely be
Answer:
The correct answer is d. specific performance.
Explanation:
A specific Performance Evaluation is a synthetic assessment of the performance of social programs during a fiscal year. This evaluation shows the progress in the fulfillment of the objectives and programmed goals of the programs through the analysis of results, services and management indicators, as well as based on a synthesis of the information provided by the units responsible for the programs and which is contained in the Information Module for the Specific Performance Evaluation.
It was designed to generate useful, rigorous and homogeneous information for the public servants of the dependencies, evaluation units and federal government that make decisions at the managerial level.
A totalitarian political system in which a party, group, or individual that represents the interests of a particular ethnic group monopolizes political power is referred to as
theocratic totalitarianism.
right-wing totalitarianism.
communist totalitarianism.
tribal totalitarianism.
democratic totalitarianism.
Answer:
A totalitarian political system in which a party, group, or individual that represents the interests of a particular ethnic group monopolizes political power is referred to as D) Tribal totalitarianism
Explanation:
Totalitarianism refers to the type of political arrangement in which there is an absolute control of the ruler on the public. This type of system controls the political, social, and cultural aspects of the particular area and its subjects or population. Usually, there is only one leader who has the maximum political powers in this type of system. There are many types of totalitarian political systems, such as Theocratic, Communist, Democratic, Right-wing, and Tribal.
Tribal totalitarianism deals with a particular ethnic group and its interests and monopolizes the political powers.
Therefore, alternative D is correct.
Final answer:
Right-wing totalitarianism is a political system in which a party representing a particular ethnic group monopolizes political power and seeks to control all aspects of citizens' lives.
Explanation:
A totalitarian political system in which a party, group, or individual that represents the interests of a particular ethnic group monopolizes political power is referred to as right-wing totalitarianism. This type of regime is characterized by a strong sense of nationalism, a disdain for democratic principles, and a belief in social hierarchy. It seeks to regulate nearly every aspect of public and private life, and citizens' rights are limited, with the government controlling all aspects of their lives.
Steven's Co. provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,560 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for July are:
a. 3,750 units.
b. 6,425 units.
c. 2,500 units.
d. 5,175 units.
e. 6,250 units.
Answer:
d. 5,175 units.
Explanation:
The computation of the budgeted production units for July is shown below:
= Sale units + ending inventory units - beginning inventory units
where,
Sale units is 5,000 units
Ending finished inventory units = 5,700 units × 25% = 1,425 units
Beginning finished inventory units = 1,250 units
Now put these units to the above formula
So, the units would equal to
= 5,000 units + 1,425 units - 1,250 units
= 5,175 units
Final answer:
The budgeted production units for Steven's Co. for July are calculated by adding the July sales forecast to the desired ending inventory for July and then subtracting the existing inventory from June 30. The result is 5,175 units, which is option d.
Explanation:
To determine the budgeted production units for Steven's Co. for the month of July, we need to consider the sales forecast and the desired ending inventory levels. The ending inventory for each month should be 25% of the next month's sales.
For July, the desired ending inventory is 25% of August's sales forecast, which is:
25% of 5,700 units = 1,425 units.
The total units required for July is the sum of July's sales forecast and the desired ending inventory:
5,000 sales units + 1,425 ending inventory units = 6,425 units.
Finally, we must consider the existing finished goods inventory as of June 30, which is 1,250 units. We subtract this from the total units required for July:
6,425 units required - 1,250 units existing inventory = 5,175 units.
Therefore, the budgeted production units for July are 5,175 units, which corresponds to option d.
According to the quadrants of the social style matrix, which of the following should salespeople do when selling to expressives?
A. They should focus on sales presentations with factual statements and technical details.
B. They should demonstrate how their product will help the customers achieve personal status and recognition.
C. They should avoid presenting a product that will require the customers to be the first ones to use the product.
D. They should refrain from preparing sales presentations with product demonstrations and creative graphics.
E. They should avoid mentioning testimonials from well-known firms and people during their sales presentations.
Answer:
B) They should demonstrate how their product will help the customers achieve personal status and recognition.
Explanation:
The social style matrix uses personality traits to categorize customers. It divides people into four categories:
Driving Style: controlling, determined and active peopleExpressive Style: enthusiastic and emotional peopleAmiable Style: friendly and relationship driven peopleAnalytical Style: thoughtful and reserved peopleSince we are trying to sell goods to expressive people, then we must focus on how the goods will make them feel more important (VIPs). They seek the attention and notice of other people (they are show-off people). They want to feel important and they will buy goods that make them feel that way.
A process is measuring the number of returns per 100 receipts at a local retail store. The number of returns were 10, 9, 11, 7, 3, 12, 8, 4, 6, 11. Find the standard deviation of this sampling distribution.
Answer:
The standard deviation of this sampling distribution is 3.07
Explanation:
There are n = 10 samples
Mean: [tex]\frac{\sum x_{i}}{n}[/tex] = (10 + 9 + 11 + 7 + 3 + 12 + 8 + 4 + 6 + 11) / 10 = 8.1
Variance: s^2 = [tex]\frac{\sum {(x_{i} - mean)^{2}}}{n-1}[/tex]
= [(10 - 8.1)^2 + (9 - 8.1)^2 + (11 - 8.1)^2 + (7 - 8.1)^2+ (3 - 8.1)^2+ (12 - 8.1)^2] + (8 - 8.1)^2+ (4 - 8.1)^2+ (6 - 8.1)^2+ (11 - 8.1)^2] / 9
= 9.43
Standard deviation: s = [tex]\sqrt{s^2}[/tex] = [tex]\sqrt{9.43}[/tex] = 3.07
_ are intangible benefits of information systems. A. Increased productivity, reduced workforce, and increased job satisfaction B. Lower operational costs, improved resource control, and more information C. Improved asset utilization, increased organizational learning, and improved operations D. Reduced workforce, lower outside vendor costs, and increased productivity
Answer: Option C
Explanation: In simple words, information systems refers to the systems that are used by organisations for collecting, processing, storing and distributing information.
These systems are usually made of four major components task people, technology and structure. These systems are of high importance as they process and analyze the input data of the organisation and convert it into relevant information.
The accurateness of such systems depends on the level of input.
A competitive environment where there is weak to moderate rivalry amongsellers, high entry barriers, weak compeittion fom subsitite products, and little bargaining leverage on the part of both suppliers and customers___________
Answer: is conducive to market organisations earning attractive profits.
Explanation: This is an ideal market conditions for companies earning high profits. Weak rivalry amongst sellers and weak competition from substitute products makes it easier for these industry members to produce better quality goods or services, that gain potential customers and retain customer loyalty. The high barriers to entry makes it very hard for other sellers to enter the market. Industry members are able to have a big market share as a result, allowing them to sell to many more customers as aa well. Little bargaining leverage allows these industry members control over the market and thus they can control what they are going to sell and for how much. Customers will still buy these goods and services regardless. All these conditions are the reasons why these industry members are able to generate such high profits.
A common reason for redeeming a bond prior to its maturity date is ______.
a. the stated interest rate decreased
b. the stated interest rate increased
c. market interest rates decreased
d. the market price of the bond decreased
Answer:
Correct option is (c)
Explanation:
Market interest rate and price of the bond are inversely related.if market interest rate falls and is lesser than stated interest rate (coupon rate), then the bond becomes attractive and its price increases. So, bond can be solved at present higher than the maturity value. This is the reason bond is redeemed before maturity.
On the other hand, if market rate increases, bond becomes less attractive as investors can earn more by investing at market interest rate. So price of bond falls and there is no point redeeming it before maturity.
__________ are tactical pricing elements that are intended to aid supply chain members in promoting the firm's product at the retail level.
a.Price objectives
b.Pricing techniques
c.Pricing discounts
d.Promotion allowances
e.Cost-volume-profit analysis
Answer: (D) Promotion allowances
Explanation:
The promotion allowances is one of the type of allowance that reduce the actual price of the product that the suppliers offers are carried out out for the additional type of promotional activities for supporting the product of the supplier.
The various types of promotional program and the advertisement are the main example of the promotion allowances.
The promotion is one of the important factor of the sale as it provide the awareness to the customer about the products.
Therefore, option (D) is correct.
For featuring Lego Sets prominently in its store window, Toy Emporium, a store that carries educational toys, received a free motorized Ferris Lego Wheel kit, valued at $150. This is an example of a:Forward dating.Seasonal discount.Cash discount.Promotional allowance.Rebate.
Answer:
Promotional allowance
Explanation:
Promotional allowance is a discount on aproduct or any compensation given by suppliers to trade partners in order to carry out more promotions of their products.
Seasonal discounts are usually given on seasonal goods to encourage buyers to purchase the product in off peak periods.
Cash discount is usually given for prompt payment.
Rebate is when a part of an amount paid is returned to a customer.
I hope my answer helps you.
Toy Emporium's receipt of a free motorized Ferris Lego Wheel kit for featuring Lego Sets is an example of a promotional allowance, a common incentive in retail to promote specific products.
Explanation:When Toy Emporium featured Lego Sets in its store window and received a free motorized Ferris Lego Wheel kit, this is an example of a promotional allowance. A promotional allowance is a discount or deal offered to a retailer or distributor as an incentive to market or promote a manufacturer's products. This could come in the form of free merchandise, such as the motorized Ferris Lego Wheel kit Toy Emporium received, which is valued at $150.
Which of the following scenarios demonstrates the leverage effect on net operating income due to the existence of fixed costs?
A) A 25% increase in sales resulting in a 30% decrease in net operating income.
B) A 15% increase in sales resulting in a 15% increase in cost of goods sold.
C) A 25% increase in sales resulting in a 30% increase in net operating income.
D) A 25% increase in sales resulting in a 30% increase in fixed costs.
Answer:
C) A 25% increase in sales resulting in a 30% increase in net operating income.
Final answer:
Scenario C) A 25% increase in sales resulting in a 30% increase in net operating income demonstrates the leverage effect, as fixed costs remain constant, magnifying the impact of sales on income.
Explanation:
The scenario that demonstrates the leverage effect on net operating income due to the existence of fixed costs is C) A 25% increase in sales resulting in a 30% increase in net operating income. This scenario reflects the leverage effect because fixed costs do not change with an increase in sales, and therefore any additional sales revenue will result in a greater proportionate increase in net operating income. On the other hand, if costs were variable, a 25% increase in sales would likely lead to a proportional increase in costs, thus not yielding such a high increase in net operating income.
When looking at the effect of changes on costs:
An increase in the cost of the lease of the firm's building would raise both average total cost (ATC) and marginal cost (MC) if the lease is considered a variable cost at the margin, or just ATC if it is purely fixed.A reduction in the price of electricity would generally lower ATC and MC, as electricity is a variable cost that changes with output.A reduction in wages will likely decrease ATC and MC, assuming labor is a variable cost.A change in the salary of the president of the company affects ATC, assuming the salary is a fixed cost and does not affect MC as it does not change with the output.For the past twenty years, Curtis purchased its jewelry-cleaning kit components from Evans' Suppliers, a local company that recently went out of business. As a re-cent hire to Curtis, you are excited about the opportunity to search for suppliers using modern tools that will allow you to search throughout the country and even outside it for the best ven-dors. First Steps What should be your first step?
Answer:
Explore the priorities within your own company, and find out what the Curtis stakeholders, e.g., manufacturing, marketing, need from avendor. You decided that your first step should be to explore the needs within your own company. This was the best choice. You would need toknow what the priorities and needs for Curtis stakeholders are before you can begin to evaluate vendors.
a.To maximize its profits, the firm should produce units and charge a price of _______$ .
b. At the profit-maximizing level of output, average total cost per unit is_________$ .
c. At its profit-maximizing level, profits are_________$ .
The questions belong to business or managerial economics and discuss profit maximization. The profit-maximizing level of output and price occurs when marginal cost equals marginal revenue. Profits are calculated as total revenue minus total costs, with total costs being average total costs times units produced.
Explanation:The questions asked here relate to profit maximization - a fundamental concept in business or managerial economics. To answer these, one would need the specifics of the firm's cost and demand functions or the corresponding graphs.
a. The firm should produce units and set its price where marginal cost equals marginal revenue (MC=MR). This is the profit-maximizing level of output.
b. At the profit-maximizing level of output, the average total cost (ATC) would be at its minimum. ATC is the firm's total costs divided by the quantity of output.
c. At its profit-maximizing level, profits are the difference between total revenue (units sold * unit price) and total costs (units produced * ATC).
Learn more about Profit Maximization here:https://brainly.com/question/33809682
#SPJ12
Choose the correct answer below.
A. SST is the third sum of squares. It represents the total variation among all the sample data.
B. SST is the treatment sum of squares. It represents the variation among the sample means.
C. SST is the total sum of squares. It represents the difference between the other sums of squares.
D. SST is the total sum of squares. It represents the total variation among all the sample data.
Answer:
D. SST is the total sum of squares. It represents the total variation among all the sample data.
Explanation:
Analysis of variance (ANOVA) "is used to analyze the differences among group means in a sample".
The sum of squares "is the sum of the square of variation, where variation is defined as the spread between each individual value and the grand mean"
If we assume that we have [tex]p[/tex] groups and on each group from [tex]j=1,\dots,p[/tex] we have [tex]n_j[/tex] individuals on each group we can define the following formulas of variation:
[tex]SS_{total}=\sum_{j=1}^p \sum_{i=1}^{n_j} (x_{ij}-\bar x)^2 [/tex]
[tex]SS_{between}=SS_{model}=\sum_{j=1}^p n_j (\bar x_{j}-\bar x)^2 [/tex]
[tex]SS_{within}=SS_{error}=\sum_{j=1}^p \sum_{i=1}^{n_j} (x_{ij}-\bar x_j)^2 [/tex]
And we have this property
[tex]SST=SS_{between}+SS_{within}[/tex]
If we analyze SST compares the individual values respect the grand mean [tex]\bar x[/tex] in order to find the total variation. so the best option for this case is:
D. SST is the total sum of squares. It represents the total variation among all the sample data.
Higher national trade to GDP ratios are one potential indicator of globalization.
A. True
B. False
Answer:
A
Explanation:
Higher national trade to GDP ratios are one potential indicator of globalization because it cause spontaneous increase in international trade investment among countries.
During the current year, Vann County's motor pool internal service fund sold two vehicles for $5,000. The vehicles had a cost of $6,000 and a carrying value of $4,000. How should Vann County's motor pool internal service fund report this transaction in its fund financial statements?
Answer:
$1,000 gain
Explanation:
The cost basis for the vehicles was $6,000 and the carrying cost was $4,000 = $2,000 depreciation
If they sold the vehicles for $5,000, then they had a $1,000 gain (= $5,000 - $4,000). The journal entries should be as following:
Dr Cash account 5,000
Dr Accumulated Depreciation account 2,000
Cr Motor Vehicles account 6,000
Cr Gain on Motor Vehicles 1,000
Automatic stabilizers create _____________ during recessions from things like increased government spending on welfare and unemployment insurance, and reduced tax revenues, and create ____________ during peak growth periods of the economy from things like reduced government welfare spending and increased tax revenues.
a. Fiscal stimulus, fiscal contraction.
b. Fiscal stimulus, fiscal stimulus.
c. Fiscal contraction, fiscal stimulus.
d. Fiscal contraction, fiscal contraction.
Answer:
a. Fiscal stimulus, fiscal contraction.
Explanation:
Fiscal stimulus -
It refers to efficiently increases the growth rate of the public debt or increase the government consumption or reducing the taxes , is known as the Fiscal stimulus .
Fiscal Contraction -
It helps to forecast , the reducation in the spendings of the government which can atler the future expectations regarding the taxes and government spending will increase the private consumption and will lead to the increament in the overall economy .
Dave is having a problem with his satellite service. He goes online to look for a way to solve the problem, and runs across a troubleshooter application on the provider’s website. Which form of IT solution is he using?
Answer: expert system
Explanation: In simple words, an expert system refers to a computerized decision making system, used for problem solving, which uses both facts and theories to provide a solution of a complex problems.
Such kind of systems are usually used by organisation operating in finance or having to deal with activities involving high technology. These systems provide solutions to the problems that will take a lot of time if solved by any human being.
The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's strategy and service delivery system determines ________.
The service-profit chain is the service sequence from employees to customers to profit. According to this concept, the company's strategy and service delivery system determines how employees service customers.
Accepting the concept that bottom-line profitability is accomplished by cultivating customer loyalty and that a significant component of customer loyalty is employee happiness, is the first step in understanding the theory behind the Service Profit Chain.
In service-oriented firms, the relationship between staff happiness, customer loyalty, and financial success is known as the service-profit chain. It demonstrates how emphasizing worker pleasure and customer satisfaction could improve a business's financial success.
Therefore, It determines how employees service customers.
Learn more about service-profit, here;
https://brainly.com/question/33401831
#SPJ12
Final answer:
The company's strategy and service delivery system determine the quality of interactions between employees and customers, affecting customer loyalty and profit. This reflects the value chain concept, which is a series of value-adding steps in production, influencing a company's overall success.
Explanation:
The concept of the service profit chain posits that the company's strategy and service delivery system determine the quality of the employee-customer interactions and ultimately the level of customer satisfaction and loyalty, which in turn affects the profitability and overall success of the business. This concept aligns with the idea of the value chain, which suggests that each step in the production process adds value to the final product or service.
Effective management of the supply chain, ensuring the integration of business functions, leads to a responsive and efficient mechanism capable of meeting market demands and optimizing revenue, cost, and profit. Thus, by focusing on employee satisfaction and empowering them to deliver exceptional service, companies can create a virtuous cycle that enhances both customer and shareholder value.
Happy Valley, Inc. has received an invoice for $6,500 with terms of 3/15, n/45 and uses the net method to record purchases. If Happy Valley pays the invoice on the seventeenth day, Accounts Payable will be:_________.
Answer:
$6,500
Explanation:
In these cases, the fraction 3/15 represents that 3% discount will be offered on payment if the payment is made within 15 days.
The fraction n/45 represents the total credit period allowed for this purchase is 45 days.
So if a person makes the payment beyond 15 days there will be no discount offered and accordingly, the purchase price will be paid.
Here, Happy Valley also paid after 15 days, that is on 17th day. Thus, net purchase will be $6,500 and no discount shall be recorded on such payment, or recording the purchase value.
Based on the method used to record purchases and the discount involved, the Accounts Payable for Happy Valley Inc. would be $6,500.
The terms 3/15, n/45 mean that Happy Valley would get a 3% discount if they pay within 15 days, otherwise they would have to pay in 45 days.
Happy Valley paid in 17 days which was outside the discount period so they will not get any discount and will pay the full $6,500.
Find out more on trade discounts at https://brainly.com/question/24370366.
Sayyid's company has launched a new product line, and he is put in charge of sales. He decides his first step will be to find potential customers in the company's sales records. Sayyid is:
a.prospecting.
b.screening.
c.researching.
d.pre-approaching.
e.surveying.
Answer:
Letter a is correct. Prospecting.
Explanation:
Customer prospecting is based on a structured process of searching for potential customers to consume new products or services.
This strategy is essential for any company that wants to expand in the market and achieve good profitability. It is important for professionals to implement customer prospecting techniques that are suited to the organizational purpose, each means for customer prospecting must be used in a way that communication is effective for the business, the company can use the digital medium to prospect clients, referrals. , its own client portfolio and various other media.
Consider an oligopoly industry whose firms have identical demand and cost conditions. If the firms decide to collude, then they will want to collectively produce the amount of output that would be produced by:______
a. A monopolistic competitor.
b. A pure competitor.
c. A pure monopolist.
d. None of the above.
Answer:
The correct answer is C. A pure monopolist.
Explanation:
The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.
A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.
Bob applies for an insurance policy and, because of his medical history, is required to submit an attending physician's statement. He receives the evaluation, and the report is submitted. The underwriting department still has further questions but is unable to get further information from the physician. What will the insurer most likely do?
Answer:
The insurance company will not issue Bob a policy until all their questions have been answered. No company will issue a policy unless they are certain about the health condition of the insured individual.
Since the first physician was not able to answer all the insurer's questions, they will probably request Bob a second visit to another physician without any cost for Bob. The company should pay for this second opinion.
In the financial statement audit of a nonpublic company, the auditor decides to perform tests of the controls related to the occurrence of sales transactions. Which of the following best explains why the auditor decided to test these controls?(1) In a nonissuer financial statement audit, the auditor is required to test the operating effectiveness of internal controls.(2) The auditor wants to obtain an understanding of the design of the internal controls.(3) Control risk is assessed at below the maximum.(4) The auditor wants to obtain an understanding of the implementation of the internal controls.
Answer:
3) Control risk is assessed at below the maximum.
Explanation:
When the control risks are assessed at below the maximum it means that the controls are effective regarding the prevention and detection of misstatements in the financial statements.
So if the auditor wants to test the controls, it means that he/she wants to verify the operating effectiveness of the controls.
In other words, apparently the controls show that there are no misstatements regarding the sales transactions, so the auditor wants to check how efficient the controls are.
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1, 2013. Refer to Fact Pattern 24-2B. The instrument that Ewa signed is most likely
Answer:
a promissory note
Explanation:
Based on the information provided within the question it can be said that the instrument that Ewa signed is most likely a promissory note. This is a not that enforces an unconditional promise, from one individual to another promising to make a certain payment in a certain time period. Which is exactly what EWA is signing when agreeing to pay $5,000 with interest in installments with the final payment due June 1, 2013.
To distinguish those combinations of goods and services that are affordable from those that are not, households need information on: A. household income, wealth, and product prices. B. household expectations about future income, wealth, and prices. C. household income and only the price of the good for which the choice is being made. D. household tastes and preferences.
Answer:
The answer is A, household income, wealth and product price.
Explanation:
This simply indicates that to be able to identify the combination of goods and services that are affordable from those that are not, the current household income should be considered, the wealth of the household which refers to the current amount of money in the household account and the price of the product.
Answer:A - household income, wealth, and product prices.
Explanation:Every household has a need and those needs has a high degree of being met. For those needs to be met, every household needs to distinguish the combination of the type of goods and services that will satisfy there needs.
After distinguishing these needs, the total house hold income, the prices of the goods and services they need and how wealthy they are is very important for them to make a good decision.
The type of goods and services is now subject to how affordable they are and how the household income and wealth can sustain them. The prices of these goods and services will also be noted.
Sales of Schwinn's apartment-sized exercise machine have experienced a steady climb; however, the profits have been negative. The Schwinn exercise machine is most likely in the ____ stage of the product life cycle.
Answer:
The Schwinn exercise machine is most likely in the introduction stage of the product life cycle.
Explanation:
The life cycle of a product is characterized by the phases:
1- introduction,
2- growth,
3- maturity
4- decline.
The first step is the introduction, which characterizes the product's insertion in the market, and includes business efforts to make consumers aware of the product. This phase has as its main characteristics the low volume of production and sales.
The Schwinn exercise machine is likely in the introduction stage of the product life cycle because sales are climbing but profits remain negative, often due to initial high costs.
The Schwinn exercise machine, which has seen a steady increase in sales but negative profits, is likely in the introduction stage of the product life cycle. During the introduction stage, sales begin to grow but the profits may not be positive due to high costs associated with product development and marketing. As the product becomes more established in the market, economies of scale and increased efficiency can help shift the product into the growth stage, potentially making it profitable.