Microsoft can set its own prices due to less competition and greater control, while a corn farmer in a perfectly competitive market is a price taker, selling at market equilibrium with no price-setting power.
Explanation:Microsoft hires marketing and sales specialists to decide product prices because it operates in a market with fewer competitors and more price control, while a wealthy corn farmer in Iowa sells in a perfectly competitive market. In such a market, the products (corn) are highly similar and interchangeable among producers. Hence, the farmers act as price takers, selling at the market's equilibrium price. For example, if U.S. corn farmers received an average of $5.47 per bushel, attempting to sell at $6.00 would likely result in no buyers since competitors would offer a similar product at the lower, market-determined price. Conversely, a company like Microsoft in an imperfectly competitive market has more leeway to use marketing and sales strategies to influence consumer perception and set prices above the equilibrium of a perfectly competitive market.
What is the practice of partying in the stadium parking lot before an event?
The practice of partying in the stadium parking lot before an event is Tailgating. The correct option is (1).
What do you mean by stadium parking?Stadium parking refers to upgrades, infrastructure, and other parking-related arrangements for stadium operations and events, including licenses, leases, and other parking use contracts.
Before and occasionally after games, festivals, and concerts, tailgate parties take place in the parking lots of stadiums and arenas.
People who attend such events are referred to as "tailgaters. Even if their cars don't have tailgates, a lot of people still participate.
Fans used the back fold-down tailgates as seats or buffet tables after the 1930s saw the introduction of station wagons with wooden sides.
Therefore, Tailgating is the practice of partying in the stadium parking lot before an event.
To know more about the stadium parking, visit:
https://brainly.com/question/13975367
#SPJ2
This is an incomplete question, the complete question is:
What is the practice of partying in the stadium parking lot before an event?
1) Crowdsourcing
2) Moshing
3) Tailgating
4) None of the above
A smart card looks like a credit card but it has a(n) ________ built into it
Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews people who were there, reads the police reports or the event, and watches video footage. miguel is conducting a(n) ________.
Based on the actions taken by Miguel, we can say that Miguel is conducting a case study.
What is a case study ?A case study is an in-depth investigation of a single individual, group, community, or other unit. It is a qualitative research method that involves collecting data from multiple sources, such as interviews, observations, and documents.
In Miguel's case, he is collecting data from a variety of sources to understand the Stonewall Riots of 1969. He is visiting the scene of the riots to get a sense of the physical location and to see how it has changed over time.
Find out more on case studies at https://brainly.com/question/21590864
#SPJ6
Comparison of product features is part of the ____ phase of the decision-making process
A critical function of the government in facilitating the operation of a market economy is
If net exports is a negative number for a particular year, then
A negative net export figure indicates a trade deficit, which occurs when a country imports more goods and services than it exports. The deficit increases if imports grow faster than exports. This can occur due to a variety of economic factors.
Explanation:If net exports is a negative number for a particular year, that means the value of goods and services a country imported exceeded what it exported. This condition is known as a trade deficit.
Net exports is calculated by subtracting the value of imports from the value of exports (X-M). So, when the value of imports (M) is greater than the value of exports(X), the result is a negative number indicating a trade deficit.
If the deficit increases, it means imports are growing faster than exports. This is demonstrated when more money flows out of the country to pay for imports, making the current account more negative or less positive. It could be the result of a stronger domestic currency, consumer preferences, or other economic factors.
For example, since the early 1980s, the United States has typically experienced a trade deficit as imports have exceeded exports.The increasing deficit implies a rising demand for foreign products, which may stimulate economic growth in countries that are the sources of those imports.
Learn more about Trade Deficit here:https://brainly.com/question/33096472
#SPJ12
Which is the largest of the four information technology pathways?
A. Programming and Software Development
B. Network Systems
C. Interactive Media
D. Information Support and Services
The largest of the four information technology pathways is programming and Software Development. This pathway involves designing, coding, testing, and maintaining software programs and applications for various computer systems and platforms. Therefore, option A is correct.
What is an information technology pathways?Information technology (IT) pathways are a series of educational and career opportunities that allow individuals to develop skills and expertise in various areas of IT.
These pathways typically include a set of courses, certifications, and hands-on experience that prepare individuals for entry-level and advanced IT jobs.
The four main IT pathways are Programming and Software Development, Network Systems, Interactive Media, and Information Support and Services.
These pathways cover a wide range of IT skills and applications, including programming languages, web development, network security, hardware and software maintenance, and database management.
Pursuing an IT pathway can lead to a rewarding career in a rapidly growing industry with a high demand for skilled professionals.
Learn more about information technology here:
brainly.com/question/4903788
#SPJ5
When hope springs water co. was looking to complete the _________ phase of the new-product development process, the company could have leveraged internal research, requested customer input, conducted a competitive analysis, or sought collaboration with another organization?
"a relatively stable, enduring predisposition to behave in a certain way" is the definition given by the textbook author for a_____________.
Twenty years ago, a family purchased a vacant lot for $26,500. they made no improvements during the time they owned the property. recently, they sold the lot for $62,275. what was their percentage of gross profit?
Answer:
The percentage of gross profit is 57%.
Explanation:
This problem requires us to calculate the percentage of gross profit. Cost of item sold and its sale price is given in the question. Detail calculation is given below.
First calculating Gross profit
Gross profit = 62,275 - 26,500 = $ 35,775
Gross profit percentage = Gross profit/Sales * 100
= 35,775/62,275 * 100 = 57%
Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in the account if she makes annual payments of $4,291 into an account paying 2.23% interest compounded annually for 30 years.
$180,488.86 will be the amount in her account in 30 years
Answer:
$180,488.86
Explanation:
The opportunity cost of studying for an economics test is: negative, since it may improve your grade. zero, because you knew when you registered for the class that studying would be required. the money you spent on tuition for the class. the best alternative use of your time.
The opportunity cost of studying for an economics test is the best alternative use of your time. This is because opportunity cost in economics is defined as the potential benefit that is given up when choosing one alternative over another.
Explanation:The concept of opportunity cost refers to the potential benefit that an individual, investor, or business misses out on when choosing one alternative over another. Given the economic interpretation of the question, the opportunity cost of studying for an economics test is the best alternative use of your time. To explain further, if you choose to study for the economics test, you are giving up the ability to spend that time doing something else that could potentially bring you benefit or enjoyment (e.g., working and generating income, hanging out with friends, etc.); in this context, that is your opportunity cost.
Learn more about Opportunity Cost here:https://brainly.com/question/32971162
#SPJ3
A corporate bond with a 6 percent coupon was issued last year. which one of these would apply to this bond today if the current yield to maturity is 7 percent
If the government wants to reduce smoking it should impose a tax on
It is believed that ______________ weaken the chemical bonds that constituent mineral grains, enabling them to act in more of a ductile manner than if this factor was not involved.
Answer:
Water
Explanation:
Water can help break down the grains so they become more pliable.
If all other factors are equal, what will happen to the supply of a product if the price goes up? A. The supply will increase. B. The supply will decrease. C. The demand will increase. D. The competition will decrease. Please select the best answer from the choices provided A B C D
Using a(n) __________ marketing strategy, a firm might decide to ignore market segment differences
Using an "undifferentiated" marketing strategy, a firm might decide to ignore market segment differences
The undifferentiated marketing strategy centers around a whole target showcase instead of a portion of it. This methodology utilizes a solitary showcasing blend - one item, one value, one position and a solitary limited time exertion - to achieve the most extreme number of buyers in that objective market. "Advertising," by William M. Pride and O. C. Ferrell, gives wares says sugar and salt are precedents of items that may be advertised adequately through an undifferentiated methodology, the same number of purchasers in the general market have comparable requirements for the items. Pride and Ferrell note, in any case, that accomplishment with undifferentiated promoting likewise relies upon the advertiser having the assets and abilities important to contact an extensive group of onlookers.
The individual performer is a __________, whereas the manager has to be a(n) __________.
A seller's willingness to accept is the same as his ________ cost of production.
How many individuals are employed by foreign-owned firms throughout the world?
A ____, such as microsoft outlook or lotus organizer, can help manage meetings, interviews, appointments, and deadlines and provide a personal calendar and a to-do list, with priorities and the capability to check off completed items.
Which person is most creditworthy?
A. Nancy
B. Sylvia
C. Fiona
D. Uli
Which pre-test method involves asking the people being surveyed to rank the different ad concepts they see?
interview test
order of merit test
consumer jury test
advertising concept test
Answer:
B. order of merit text
Explanation:
In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. For what purpose did this person use the money?
A) increase trade
B) store of value
C) medium of exchange
D) unit of account
E) investment
In a remote village, a person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes. Medium of exchange, purpose did this person use the money. Thus, option (c) is correct.
What is money?The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
Money is used to purchase and exchange goods and services. Transactions can be carried out more easily because of the medium of exchange. A currency's use as a medium of exchange is another way to gauge its international standing.
As a result, the significance of the purpose did this person use the money are the aforementioned. Therefore, option (c) is correct.
Learn more about on money, here:
https://brainly.com/question/22984856
#SPJ5
please i need your help guys!
(5 points each for a possible total of 10 points) 1. After several years of business, Abel, Barney, and Cole are liquidating. The following are post-closing account balances. Cash 18,000 Inventory 73,000 Other assets 157,000 Accounts Payable 61,000 Abel, Capital 50,000 Barney, Capital 50,000 Cole, Capital 87,000 Noncash assets are sold for $275,000. Profits and losses are shared equally. After all liabilities are paid, divide the remaining cash amongst the partners.
Which is not ordinarily a responsibility of the director?
a. to cast and rehearse with the performers
b. to determine the total cost of the production and its projected income
c. to decide upon an interpretation of the script and a concept or focus for its production
d. to coordinate the integration all of the elements into a finished production?
Which exhibit would be the least likely choice for a museum specializing in european art?
C. Temple Art is the least likely choice for a museum specializing in European art because it is primarily associated with ancient temples in Asian cultures.
Considering the context of European art history, the least likely choice would be Temple Art. This primarily refers to art associated with ancient temples commonly found in Asian cultures, rather than European. On the other hand, Renaissance Art, Medieval Art, and Baroque Art are key periods within European art history.
Renaissance Art encompasses the transition from the Middle Ages to modernity, Medieval Art spans from the decline of the Roman Empire to the beginning of the Renaissance, and Baroque Art flourished in Europe from the late 16th century to the early 18th century.
Complete question
Which exhibit would be the least likely choice for a museum specializing in European Art?
A. Renaissance Art.
B. Medieval Art.
C. Temple Art.
D. Baroque Art.
Write a paragraph that explains the most important principles to keep in mind when creating a budget. Describe at least three important principles in your answer.
A budget is a financial idea for a defined period, frequently one year.
The most important principle which should be kept in mind to remember the level of the budget.
What is budget?A budget is an approximation of revenues and expenses over a limited upcoming period of time and is applied by governments, businesses, and individuals.
A budget is essentially a financial plan for a settled period, commonly one year, that is known to greatly raise the success of any financial projecting.
At the time of making a budget, an individual want to think his/her income state and what you can spend. If an individual only make $1000 every week, he/she do not desire our budget to be $1000 because he/she won't have anything for savings.
Three principles of setting the budget are:
1. Amount of budget must spend on good quality products or services.
2. It must not be more than or equals to the amount of the total income.
3. There must be a time period of using the budget.
Therefore, It is important to keeps in mind that budget doesn't exceed the amount of the total income.
Learn more about Budget, refer:
https://brainly.com/question/15712390
When the price of chocolate-covered peanuts decreases from $1.10 to $0.95, the quantity demanded increases from 190 bags to 215 bags. in this price range, the demand for chocolate covered peanuts is _____, and total revenue will _____ when price decreases?
Final answer:
The demand for chocolate-covered peanuts is elastic, and total revenue will increase when the price decreases from $1.10 to $0.95 because the quantity demanded rises from 190 bags to 215 bags, resulting in greater total revenue.
Explanation:
When the price of chocolate-covered peanuts decreases from $1.10 to $0.95, the quantity demanded increases from 190 bags to 215 bags. This economic behavior is an example of the law of demand, which states that, all else being equal, as the price of a good falls, the quantity demanded of that good increases, and conversely, as the price of a good rises, the quantity demanded of that good decreases. In this price range, the demand for chocolate-covered peanuts is elastic, and total revenue will increase when price decreases because the decrease in price leads to a proportionally larger increase in the quantity demanded.
For example, originally at $1.10 per bag, the total revenue would have been 190 bags x $1.10 = $209.
At the new price of $0.95 per bag, the total revenue becomes 215 bags x $0.95 = $204.25.
Here, although the price has decreased, we see an increase in the quantity demanded, resulting in an increase in the total revenue, indicating an elastic demand scenario.
Which of the following examples is the best demonstration of a qualification profile?
A. Highly motivated IT college graduate with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver; capable of independently troubleshooting and performing complex coding tasks.
B. I'm an IT college graduate, who has completed a software design internship. My strengths include writing code and troubleshooting. I have experience with Java, XML, and HTML, and I'm capable of independently performing complex coding tasks.
C. IT college graduate with internship. Skilled at writing code and troubleshooting. Experience with Java, XML, and HTML. Logical and systematic problem-solver.
D. IT college graduate with software design internship. Experience with Java, XML, and HTML. Logical and systematic problem-solver.