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.
Edible exclamation mark is a specialty popcorn store. It offers two varieties of popcorn: plain and flavored. The flavors range from Caramel Popcorn to Dark Chocolate Drizzled Popcorn to White Cheddar Popcorn. The plain popcorn sells for $ 1.80 per box and costs $ 0.20 per box to make. The flavored popcorn sells for $ 3.95 per box and costs $ 2.60 per box to make. Edible exclamation mark has fixed costs per month of $ 3 comma 374. Edible exclamation mark sells 1 box of plain popcorn for every 4 boxes of flavored popcorn. How many boxes of plain popcorn and how many boxes of flavored popcorn must Edible exclamation mark sell each month to break even?
Answer:
plain popcorn = 482 boxes
flavored popcorn= 1,928 boxes
Explanation:
Break-Even Point is the Level of Activity or Sale where a firm makes neither a Profit nor a Loss.
Break - Even Point in Quantities = Fixed Cost / Contribution per unit
For our Scenario we use the following :
Total Fixed Cost = $3,374
Contribution per Unit
There is a product mix of 1:4
Contribution plain popcorn = ($ 1.80-$ 0.20)× 1 = $1.60
Contribution flavored popcorn = ($ 3.95-$ 2.60)× 4 = $5.40
Total Contribution per Unit = $7.00
Break - Even Point in Quantities = Fixed Cost / Contribution per unit
= $3,374/ $7.00
= 482 boxes
Break-even
plain popcorn = 482 boxes × 1
= 482 boxes
flavored popcorn= 482 boxes × 4
= 1,928 boxes
What is the dirty price of a bond? the bond's price less an adjustment for changes in interest rates the bond's price based only on the bond's yield the bond's price based only on coupon payments the bond's actual cash price
Answer:
The dirty price of a bond is referred to:
The actual price of the bond.Also the cash flows in futureand its values.Explanation:
Dirty price of bond: The dirty price of bond is referred to the actual and present value of the bond.
Also is referred to the present value of the bonds or the future cash flows.
In financial terms a dirty price of bond is said to be the bond's price which is including all the interests which has been added up since the most recent payment of the coupon.
Price quote of a bond: The price quote of a bond is referred to bond's clean price as it does not affects or reflects on all the interests which have been calculated for the bond since of its most recent coupon payment.
Bonds gets always quotes in terms of clean price but the financial investos always pay them in terms of Dirty price until the bond has to be purchased on the given date of coupon's payment.
Vonda and Aleiyah are shopping together at the mall for new jeans. Vonda is willing to pay $90 and Aleiyah is willing to pay $50 for a pair of jeans. What is the gain in total consumer surplus when the price decreases from $59 to $40?
a. $60b. $10c. $31d. $29
Answer:
A. $60
Explanation:
Recall that, consumer's surplus refers to the price that a consumer is willing to pay less the amount he or she actually pays.
Thus
Consumer surplus = maximum price willing to pay - actual market price.
Given that
Market price = $40
Vonda is willing to pay = $90
Aleiyah is willing to pay = $50
Hence.
Vonda consumer surplus = 90 - 40
= $50
Aleiyah consumer surplus = 50 - 40
= $10.
Total consumer surplus = 50 + 10
= $60.
Final answer:
The gain in total consumer surplus when the price decreases from $59 to $40 for Vonda and Aleiyah is $60.
Explanation:
The calculating the change in consumer surplus for Vonda and Aleiyah when the price of jeans decreases from $59 to $40. Consumer surplus is the difference between what consumers are willing to pay for a good and what they actually pay. Initially, at $59, neither Vonda nor Aleiyah would have made a purchase, so the initial consumer surplus is $0 for both. When the price drops to $40, Vonda's consumer surplus becomes $90 (her willingness to pay) - $40 (actual price) = $50, and Aleiyah's consumer surplus becomes $50 (her willingness to pay) - $40 (actual price) = $10. The total gain in consumer surplus is the sum of Vonda's and Aleiyah's individual gains, which is $50 (Vonda) + $10 (Aleiyah) = $60.
A Deaf person goes to a sports bar, and asks the manager to turn on the captions. The manager turns it on. After a few minutes, a hearing customer nearby asks the manager to turn off the captions. The manager turns it off. The Deaf person asks the manager to mute the TV. The manager laughs and mutes the TV. What is this called?
Answer:
resilience
Explanation:
Based on the scenario being described within the question it can be said that this is called resilience. In the context of psychology, this term refers to the ability of an individual to be able to cope with certain difficult situations. Which in this case the manager agreeing with everyone and simply following the request that have been given shows his resilience towards the situation.
Answer:
Resilience
Explanation:
As we can see from the situation between the deaf man, the manager and hearing costumers in the sports bar.
We can define Resilience as a character trait, resilience is a mental ability of person to be able to recover faster from illness, depression or misfortune as we saw in the case where the deaf man quickly recovered
Ocean Gate sells external hard drives for $200 each. Its total fixed costs are $30 million, and its variable costs per unit are $140. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million drives, but if there is a recession, it will sell only half as many.
Answer:
What is the firm's degree of operating leverage?
the degree of operating leverage measures the proportion of fixed costs vs. variable costs
total fixed costs = $30,000,000
contribution margin per hard drive = selling price - variable cost = $200 - $140 = $60
tax rate = 30%
expected sales = 2,000,000 hard drives
degree of operating leverage = contribution margin / (total sales - total costs) = (2,000,000 x $60) / ($400,000,000 - $280,000,000 - $30,000,000) = $120,000,000 / $90,000,000 = 1.33
DOL = 1.33
If the economy enters a recession, what will be the firm's after tax profit?
firm's EBIT = total revenue - variable costs - fixed costs
total revenue = 1,000,000 x $200 = $200,000,000total variable costs = 1,000,000 x $140 = $140,000,000total fixed costs = $30,000,000EBIT = $200,000,000 - $140,000,000 - $30,000,000 = $30,000,000
firm's after tax profit = EBIT x (1 - tax rate) = $30,000,000 x (1 - 30%) = $21,000,000
firm's after tax profit = $21,000,000
Percentage decline in sales = 50%
Profit in Recession is = $30,000,000
Decline in profit percentage is= 66.67%
Operating leverage is = 1.33 times..
Kindly see attached picture for explanation.
If frost in Florida reduces the quantity of vegetables sold by 20 percent and increases their retail price by 30 percent, one can conclude that: Multiple Choice the supply of vegetables has shifted to the left along an elastic demand curve. the supply of vegetables has shifted to the left along an inelastic demand curve. the demand has shifted to the right along a perfectly inelastic supply curve. the demand has shifted to the right along a perfectly elastic supply curve.
Answer: The supply of vegetables has shifted to the left along an inelastic demand curve
Explanation: The quantity of vegetables sold has been reduced by 20 percent, which simply means the aggregate market supply curve has experienced a drop/decrease and that is usually indicated by a complete shift of the supply curve to the left.
Furthermore, we can determine easily if the demand is elastic or inelastic, since the question has stated the percentage change in quantity demanded as 20% and the percentage change in price as 30%.
The coefficient of elasticity is calculated as
E = %change in quantity demanded/%change in price
E = 20/30
E =0.66
Since the coefficient of elasticity is less than 1, then it means demand is inelastic.
Answer:
the supply of vegetables has shifted to the left along an inelastic demand curve.
Explanation:
We need to determine the price elasticity of demand (PED) for vegetables:
PED = % change in quantity / % change in price = 20% / 30% = 0.67
PED = 0.67, it is price inelastic
When the supply decreases, that means that the supply curve shifts to the left. This leftward shift will decrease the quantity supplied at every price level. In this case, since the PED of vegetables is inelastic, then we can assume that the leftward shift of the supply curve was along a segment of the demand curve that is inelastic.
Kyle is planning to take a roadtrip. After he makes his plans, he has to make some unexpected auto repairs. Also, he sees the price of gas has gone up. Which of these two events should Kyle consider in deciding if it is still worthwhile to go on the trip? a. the unexpected repairs and the increase in the price of gas b. the unexpected increase for repairs, but not the increase in the price of gas c. the increase in the price of gas, but not the unexpected repairs d. neither the unexpected increase in the price of gas nor the unexpected repairs
Answer:c) the increase in the price of gas, but not the unexpected repairs.
Explanation:
First thing Kyle should consider is the increase in the price of gas. This is because if he doesn't have sufficient money to buy the required amount of fuel for the trip; the unexpected repairs won't even be necessary.
Hence, Kyle should consider the increase in the price of gas, but not the unexpected repairs in deciding if it is still worthwhile to go on the trip.
Answer: Option (a) The unexpected repairs and the increase in the price of gas.
Explanation: The road trip ideally would have had a certain amount budgeted for it. Same as every other expense and bills that Kyle is responsible for.
An extra-budgetary item, that is, an item not previously factored into Kyle’s monthly or annual budget as the case may be, could result in Kyle’s inability to meet up with certain routine expenditures.
An unexpected auto repair expense and an increase in the price of gas obviously was not part of the budget. The road trip itself was already budgeted for, therefore spending more on gas for the trip and spending money on unexpected repairs simply means the cost of the road trip would increase considerably.
As explained earlier, such unexpected expenditure would result in changes in the entire budget.
If there is a provision for emergency expenses (which is what Kyle has just experienced), then he has the option of taking from such funds to take care of the auto repairs and increased cost of gas. However, if there is no provision for emergency expenses, Kyle might have to postpone or even cancel the trip.
Whichever of the options he chooses, what we do know is these two events would have an impact on his finances (and that is a major factor in planning the road trip) and for that reason he has to decide if it’s worthwhile or not.
Multimarket competition occurs when firms: a. compete against each other in several geographic or product markets. b. sell different products to the same customer. c. have a high level of awareness of their competitors' strategic intent. d. simultaneously enter into an attack strategy.
Answer:
A. compete against each other in several geographic or product markets.
Explanation:
Different geographic or product markets often possess different challenges for producers to sell their product. This happen because different cultutres, climate, and social conditions tend to create different needs for the customers.
This is why business experts refers to it as 'multi-market competition'. Even though these companies sell similar product, they require different approach/strategies in order to win over different customers in these markets.
Example for this would be Pepsi and coca cola. They sell similar products world wide, not just in united states. Their competition require them to learn the cultures and customers characteristics from different countries as their target market.
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This is the central, comprehensive, integrated, and externally oriented set of choices structuring how a company exploits its core competencies to achieve its objectives: a. Code of ethics b. Business plan c. Strategy d. None of these
Answer:
Strategy-C
Explanation:
Strategies exist at all levels in every organisation . It involves choices on the working model of organisations made by companies which involves prioritizing best ideas and financial optimization to achieve primarily laid down objectives, vision and goals.
It is very necessary for companies to develop strategies that will always give them an advantage over thier competitors since the primary aim of most buisness is profit making.
Both nadia and samantha are applying to insure their car against theft. nadia lives in a secure neighborhood, where the probability of theft is 10%. samantha lives in a lesser secure neighborhood where the probability of theft is 25%. both nadia and samantha own cars worth $10,000, and are willing to pay $100 over expected loss for insurance. how much would samantha be willing to pay for the insurance? a. $1100 b. $2600 c. $2500 d. $1000
Answer:
Samantha will be willing to pay $ 2,600. The right answer is B.
Explanation:
Acording to the details, the probability of loss in case of Samantha's neighborhood is 25%.
Hence, the expected loss to her will be = 25/100 * 10000 = $2500
Samantha is willing to pay $100 over her expected loss, hence the amount that Samantha be willing to pay = ($2500 + $100 ) = $2600
Samantha will be willing to pay $2600
Select the correct answer.
What is the original amount borrowed by a person from a bank or other lending institutions known as?
Answer:
Principal
Explanation:
A loan can be defined as the lending of money, property, etc by one party to another party. A loan is more often than not given out by financial institutions.
The money is loaned between parties, the original amount borrowed by the receiving party is called the PRINCIPAL.
This principal begins to reduce as soon as the money starts to be paid back.
Every principal(loan) has an interest. The interest is always at a particular rate, spread over a period of time, etc.
Cheers.
Answer:
The answer is principle.
Explanation:
The reason why I got that right is because I took the test on edmentum and got it right so there you go, and I hope this helps :)
Paul always hits "reply to all" whenever he answers a team email, even if the email was a question posed by one other person and directed only to Paul. When he initiates an email about his project, he sends it to everyone in his department. Judging only from this information, what impact does Paul have on his department's communications?
Question 14 options:
A) He is spreading confidential information to unauthorized people.
B) He is making everyone in his department feel included as part of the team.
C) He is helping make the department work more efficiently.
D) He is ensuring that each person on the team clearly knows his or her assignment.
E) He is contributing to email overload in his department
Answer:
the correct answer is A) He is spreading confidential information to unauthorized people.
Explanation:
the "open" way paul acts seems like motivating the team spirit. but there is something called "privacy" and "confidentiality" as well.
it is both harmful and unethical for the company and its employees to share all the personal information that are sent to paul's email.
"even if the email was a question posed by one other person and directed only to Paul" this behavior is intolerable and the management must make paul aware of the potential harm he can do to the employees and the company.
Paul's frequent sending of emails to the entire team, even when not necessary, is likely contributing to email overload in his department.
Explanation:Based on the description given, it seems that Paul's choice to constantly 'reply all' to emails and send his project updates to everyone can lead to email overload in his department. This is option E. While some may argue it makes everyone feel like part of the team (option B), or aids efficiency (option C), the information in the question does not suggest these benefits. In fact, it's more likely that, with the excess emails, his colleagues might have to spend unnecessary time sifting through emails that may not pertain to their own work or responsibilities. This can reduce efficiency and potentially cause confusion.
Learn more about email overload here:https://brainly.com/question/31239601
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If a cable news channel decides to report on a senator's financial indiscretions rather than report on a piece of congressional legislation that failed to pass, that news channel is practicing which of the following? a. Blogosphere politics b. Net neutrality c. Hard news d. Gerrymandering e. Agenda setting
Answer:
e. Agenda Setting
Explanation:
Agenda setting refers to a practice adopted by news channels to place higher emphasis on a news, and making it appear important by consistently and repetitively covering such news.
Such a practice influences an individual's thoughts not with what he/she thinks, but what he/she should think about and consider important.
Through such a practice, the news channels underline the extent to which an issue is important i.e assign significance and importance to an issue by affecting the perceptive mindset of the viewer.
So if a political issue gets covered and getting telecast too frequently, it affects the viewers interpretation regarding the sensitivity or significance of the issue.
Many a times, through agenda setting, the media indirectly feeds it's own biased views in the thought process of the viewers. So rather than making the viewer think on his own and assign weight-age, the media itself assigns importance to an issue.
In the given case, the cable news channel preferred the topic of senator's financial indiscretion over a congressional legislation which wasn't passed. So the channel emphasized upon one issue which as per it was more important than the other and thus follows agenda setting.
On his first business trip to England, an American man asked a Scottish client about how his wife and children were doing. The Scottish client was offended and replied that this was none of his business. The two then had a lengthy conversation about the weather. Which contextual factor did the American man forget to consider?
Answer:
the American man forgot the culture of Scottish people. specifically, the cultural area of human interactions and etiquette.
this is why when the american man asked about his family, the scottish client was offended. but when the two was talking about the weather, they were interacting quite well and the conversation was much engaging.
this is because in Brittain and the soctland regions, "weather" is an interesting topic, but in USA, we don't speak much about it do we???? in USA, talking about one's family and friends seems to be more interesting.
these cultural differences must be understood when we are doing business with clients and customers from different ethnicities, countries and regions.
Explanation:
The balance of payments (bop) measures all international transactions between two countries. the chart below shows six different transactions between the us and china united states china • purchased $800 of goods and services • sent $100 of humanitarian aid • americans spent $200 in chinese stock market • american tourists spend $1000 in china • chinese tourists spend $1000 in the us • purchased $300 of goods and services • chinese purchased a $600 business in the us • chinese government purchased us. bonds
a. which country has a trade deficit and which has a trade surplus
Answer:
Answer: US had a trade deficit and China had a surplus in its BOP
Explanation:
Inflow to US economy / Outflow of Chinese economy
1. Chinese tourist spent $ 1000
2. Chinese purchased a business $600
3. Puchased goods $300
Total Inflow $1900
US Outflow / China' inflow
US purchases goods $800
Sent aid $100
Investment in stocks $200
US tourist spent $1000
Total Outflow $2100
US had a trade deficit and China had a surplus in its BOP
Chinese government purchase of US bonds' value is not given, the purchase will be treated as credit to US BOP and the income received will be credit to China's BOP.
The US has a trade deficit of $500 after importing $1800 worth of goods and services and China has exported $1300 to the US, resulting in a trade surplus for China.
Calculating Trade Balance between the US and China:
To determine which country has a trade deficit and which has a trade surplus, we must compare the value of imports and exports between the two nations.
United States Transactions:
Purchased goods and services: $800 (Import)Humanitarian aid: $100 (Not counted in trade balance)Spent in Chinese stock market: $200 (Financial transaction, not trade)American tourists spend in China: $1000 (Import)Chinese Transactions:
Purchased goods and services: $300 (Export)Chinese purchased a business in the US: $600 (Financial transaction, not trade)Chinese government purchased U.S. bonds (Financial transaction, not trade)Chinese tourists spend in the US: $1000 (Export)Adding these up, the US has imported a total of $1800 worth of goods and services, while China has exported a total of $1300 worth of goods and services to the US.
The US has a trade deficit of $500 ($1800 - $1300), and China has a trade surplus of the same amount.
The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and the employment levels are slowly rising back to the normal levels. The consumers are also beginning to engage in regular buying activities. In this case, the economy of Suielevia is currently in the _____ phase of its business cycle.
Answer: Suielevia is currently in the recovery phase of its business cycle.
Explanation:
There are five phases of business cycle which are expansion, peak, recession, trough and recovery. Recovery phase is the expansionary phase which takes place after a recession. In the recovery phase the business activities starts to improve and also the economy grows.
Suielevia which was under the financial distress has started to improve. This can be seen through employment levels are rising, purchasing of consumers has started to increase which indicates that the economy is in the recovery phase.
Axiom International wants to expand its operations to a country that is politically, culturally, and economically different from its home country. The firm needs to select a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International?
A. Wholly owned subsidiary
B. Joint venture
C. Exporting
D. Greenfield investments
E. Licensing
Answer:
B. Joint venture
Explanation:
Since what Axiom needs is a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable then joint venture would be the most suitable.
Joint venture is a businesssituation where two or more parties join resources together to accomplish a specific task
If the lessor meets any one of the five Group I criteria, then the lessor classifies the lease as a(n) ________. If the lessor meets both of the Group II criteria, but none of the Group I criteria, then the lessor classifies the lease as a(n) ________. If the transaction does not meet either the Group I or Group II criteria, then the lessor classifies the lease as a(n) ________.
Answer:
Sales type lease, direct financing lease, operating lease
Explanation:
A lease is a contractual agreement whereby the lessor(landlord) is paid for the use of his or her assets/properties by the lease(tenant). The assets that are usually leased are vehicles, buildings etc where payment is made for a specified period.
Sales type lease. Here, the dealer(landlord) earn interest revenue accrued plus the profit on the sale of asset. Whereas the profit is arrived at by deducting the selling price from the actual sales price . Profit is also earned and recognized at the beginning of the lease period.
Direct financing lease. The only benefit earned on this type of lease is the interest by the lessor-landlord. There is no profit or loss in the lease transaction. The actual value of leased asset is the same as the purchased value of the asset.
Operating lease is the combination of both sales type lease and direct financing lease. Here, the benefit of asset leased like yearly depreciation is claimed by the lessee-tenant . The ownership of leased asset must be transferred to the lessor at the end of agreed term subject to lessee having bargaining option. The lesse may however purchase the asset at a much reduced price say seventy five percent of the market value.
Answer: the answer is C
Explanation:
i need points,sorry if its wrong
Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years. Among the following interest rates, which is the highest one at which Dobson would find this project profitable?a. 7%
b. 6%
c.5%
d. 4%
Answer:
Dobson will be profitable at an interest rate ≤ 4% hence the closest answer is ( D ) Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Explanation:
cost of investment project = $150000
yield time = 3 years
yield value = $167000
at what interest rate will this be profitable for Dobson construction APPLYING this equation
Pv = fv * ( 1 + i ) ^ (-n)
fv = project yield
i = interest rate
n = time ( number of years ) = 3
Pv = present value
considering all given interest rates
for i = 7% = 0.07
Pv = 167000 * ( 1.07 )^( - 3 )
Pv = 167000 * 0.8163 = $136322
for i = 6% = 0.06
Pv = 167000 * ( 1.06 )^(-3)
Pv = 167000 * 0.8396 = $140213
for i = 5% = 0.05
Pv = 167000 * (1.05)^(-3)
Pv = 167000 * 0.8638 = $144254
for i = 4% = 0.04
Pv = 167000 * (1.04)^(-3)
Pv = 167000 * 0.8890 = $148463
Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Answer:
Correct answer to this question is none of them. But if you reduce the time period to 2 years the answer would be:
C) 5%.
Explanation:
First of all, let me explain that, when project goes profitable and when it is considered non-profitable or at loss.
The basic indicator is through PV or Present Value of yield calculation. So, here is the formula to calculate Present Value or PV:
PV = [tex]FV*(1+i)^{-n}[/tex]
where,
FV = Future Value
i = annual interest rate
n = period
So, if this PV of yield is greater than initial money that have been invested than project is predicted to be profitable. Let's calculate for all options.
At option a) i = 7% = 0.07
PV= 167,000* [tex](1+0.07)^{-3}[/tex]
PV = 136321.7454
At option b) i = 6% = 0.06
PV= 167,000* [tex](1+0.06)^{-3}[/tex]
PV = 140216. 4203
At option c) i = 5% = 0.05
PV= 167,000* [tex](1+0.05)^{-3}[/tex]
PV = 144260.879
At option d) i = 4% = 0.04
PV= 167,000* [tex](1+0.04)^{-3}[/tex]
PV = 148462.3919
Here, you can clearly see that, for three years time period, all of the options are incorrect as none of the interest rate gives the PV value greater than initial investment which is 150,000 dollars hence, at 3 years time period project will be at loss for all these options.
But if you reduce the time period to 2 your correct answer would be C) 5%.
the PV is higher at 5% and 4% the highest interest rate at the project is profitable is 5%
If success in the workplace typically requires learning on the job, why do americans place so much emphasis on formal schooling?
Answer:
The expansion of the education system attracts people who want to remain or become members of the elite.
Explanation:
The reason is that the people who become member of elite class who has control over the potential wealth, power and political issues, can have significant implications due to their decision making. So this means that the formal schooling compulsory in building future leader characters and safeguarding the future of the nation's needs.
Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices so deeply that it sells below costs, effectively pushing smaller companies with less purchasing power out of the market. Savings for You is most at risk of being accused of ________.
Answer:
predator
Explanation:
Predator is refers to an animal that lives by "hunting" on other animals. In a similar sense, predator pricing refers to a form of higher pricing, which in one way consumes other companies by deducting their share of industry revenues. Such a price is considered illegal and against healthy competition. Such prices move away from the competitive market and gradually the emergence of a monopoly means that the same firm is dominated by the entire industry and is considered illegal practice. In a given case, the retail chain may be accused of pursuing extortionate prices, which would cut down on high costs for even the smallest companies in the industry. To go out forcibly.
CarryOn, a manufacturer and seller of luggage and briefcases, has found marketing research indicates durability is the attribute that consumers most desire in their products. CarryOn now emphasizes durability in all of their promotional efforts. This strategy is intended to build brand equity.
A. True
B. False
Final answer:
Emphasizing durability in promotional efforts, as CarryOn is doing, is intended to build brand equity by establishing a reputation for quality and differentiating their products from competitors, aiming for long-term customer loyalty.
Explanation:
If CarryOn, a manufacturer and seller of luggage and briefcases, has found through marketing research that durability is the most desired attribute by consumers for their products, and they now emphasize durability in all their promotional efforts, this strategy could indeed be aimed at building brand equity. Customers tend to associate longevity and dependability with high-quality brands, as evidenced by historical instances where companies tried to sell less durable goods but faced competition from new entrants offering longer-lasting products. By emphasizing durability, CarryOn is likely to create a reputation for quality that can differentiate its merchandise from competitors, implying a commitment to stand behind their products, potentially offering substantial warranties as a testament to their confidence in the product's longevity. Moreover, strong brand equity is vital not just for commanding higher prices but also for long-term customer loyalty, which is enhanced through consistent advertising and the assurance of quality.
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that a. Polish firms are faced with stricter government regulations than Romanian firms. b. total income is divided among fewer workers in Poland since it has a smaller labor force than Romania. c. Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops. d. productivity in Poland is higher than in Romania.
Answer:
D
Explanation:
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that productivity in Poland is higher than in Romania.
The while it's possible that productivity differences (option d) contribute to varying income levels, making definitive conclusions about the economic situation of two countries based solely on the comparison of average income is overly simplistic.
The conclusion that the average income of a citizen of Poland is higher than the average income of a citizen of Romania does not directly lead to any of the options provided (a, b, c, or d).
Let's break down each option:
a. **Polish firms are faced with stricter government regulations than Romanian firms:**
Income levels are influenced by various factors, including the overall economic environment, education, technology, and workforce productivity.
While government regulations can play a role in economic performance, making a direct link between average income and government regulations would be an oversimplification.
b. **Total income is divided among fewer workers in Poland since it has a smaller labor force than Romania:**
This conclusion does not necessarily follow.
The size of a labor force alone doesn't determine average income.
The productivity of the labor force, the type of industries, and other economic factors are equally if not more important.
c. **Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops:**
Climate and agricultural productivity can be relevant to a country's economy, but they are not the sole determinants of average income.
Income depends on a variety of economic activities beyond agriculture.
d. **Productivity in Poland is higher than in Romania:** This could be a plausible explanation for the difference in average income.
Higher productivity often leads to higher wages and income levels.
However, other factors like the structure of the economy, education levels, and technological advancements also play a significant role.
It's important to consider a wide range of economic, social, and political factors when analyzing such differences.
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What is a flexible budget? A. The difference between the master budget and the flexible budget B. The orginally planned budget C. A restated master budget based on the actual quantity versus the orgianlly planned quantity D. Difference between the actual and the master buget
A restated master budget based on the actual quantity versus the orgianlly planned quantity is a flexible budget. Hence, option C is correct.
What is flexible budget?A flexible budget changes over time to account for variations in real revenue levels. Actual revenues or other activity metrics are added to the flexible budget once an accounting period is complete, which produces a budget that is customized to the inputs.
It is usually based on fluctuations in a company's actual revenue and uses percentages of revenue rather than fixed amounts. When using a flexible budget, for instance, you can decide to pay salaries out of 25% of a company's sales rather than $100,000 annually.
A flexible budget is one that can be altered based on the intensity of an activity or the output of individual units. The set budget never changes and is always the same.
Thus, option C is correct.
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A flexible budget is a variation of the master budget adjusted based on actual activity levels, allowing organizations to better manage resources and adapt to changes. It is particularly useful for performing cost analysis and managing budget variances, enabling more efficient and strategic planning.
A flexible budget is a restated master budget based on the actual activity level or volume rather than on the original budget's assumptions. It adjusts for variations in activity levels, allowing managers to perform sensitivity analysis and to understand how changes in key cost assumptions affect a program's unit costs, total costs, and service-delivery volume. The flexible budgeting process typically follows four basic steps, enabling organizations to adapt to changes efficiently and to manage resources effectively.
Contrary to a fixed master budget, which is set before the fiscal period begins and is based on predetermined outputs and inputs, a flexible budget adapts to changes in output levels or other factors that affect the budget. This adaptability makes flexible budgets particularly useful for conducting cost analysis and for managing budget variances, which are the differences between actual results and what was budgeted. By understanding and analyzing these variances, managers can identify inefficiencies, adjust strategies, and improve future budgeting processes.
1. Money to Invest $1,000.00 Return 2% Gain(Loss) $20.00, What woul
be the Total? *
Answer:
Total gain = $(1000 + 20) = $1020
Total loss = $(1000 - 20) = $980
Explanation:
Amount Invested = $1,000
Gain(loss) = 2% = 0.02 × 1000 = $20
Total gain = Amount invested + gain
Total gain = $(1000 + 20) = $1020
Total loss = Amount invested - loss
Total loss = $(1000 - 20) = $980
Hank brings several thousand dollars in cash to a small bank and exchanges it for cashier's checks. If this transaction is part of a money laundering scheme, it represents which stage in the process?
Answer:
Placement
Explanation:
Money laundering is an illegal process of concealing the money obtained through an illegal act by passing it through a series of other complex transactions .
It involves the three stages of placement , layering and integration.
Placement is the first stage of money laundering after movement from the source where illegal proceeds are disguised by placing them into circulation through deposit into financial institution to allow easy layering.
Hank's action of exchanging the stolen money for cashier's check is a typical example.
The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called
Answer:
Perquisites.
Explanation:
Perquisite is defined as non wage compensation that an employee benefits in addition to normal salary.
When an employee exchanges his salary for some other form of compensation it is called salary packaging.
In this scenario the CEO enjoys benefits such as the use of a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal.
Also he has membership to an exclusive country club to its CEO.
Strength and Fitness Gym provides its clients with personal training sessions, small group exercise classes, fitness machines and weights to use, and a separate kids' gym with day care specialists, so members can bring their children to the gym with them. These items are most closely associated with the ________ aspect of the marketing mix.
Answer:
product
Explanation:
The product aspect of the marketing mix strategy refers to the decision of the company about the products and services, including types, quality, branding... As it can be seen, the training sessions, exercise classes or machines, weights... that the Gym provides its clients are the main products and services of the business that the clients go to the Gym to look for.
Barney is 70 years old and has just retired from a career as a lawyer. He is now spending time looking back on his life and is recognizing, as well as coming to terms with, mistakes, regrets, and unfinished business. Barney is engaging in a process called ________.
Answer:
Life Review
Explanation:
Barney is engaged in life review process where one person return progressively to his or her consciousness of the conflicts and memories of the past which were never resolved properly, the main purpose is to re-evaluate them and to find some kind of resolutions. This is one of the most common phenomenon in which older people are engaged in their post age life where they re-call and remember their early life memories, mistakes, regrets, and unfinished tasks.
Justin owns a surf shop in Hawaii. His business is doing well, catering to local surfers and tourists who want to learn to surf. He has developed a strong organizational culture, a good marketing plan, and a coherent business strategy. What serves as the foundation for developing these strengths?
Final answer:
The foundation for developing a strong organizational culture, marketing plan, and business strategy in a surf shop lies in having the right skills, knowledge, and competencies. Some essential skills for worker-owners include surfing expertise, business acumen, communication and interpersonal skills, creative problem-solving, and adaptability.
Explanation:
The foundation for developing a strong organizational culture, marketing plan, and business strategy lies in having the right skills, knowledge, and competencies. For a surf shop like Justin's, some of the essential skills and competencies that worker-owners need to successfully support their organizations include:
Surfing Expertise: A deep understanding and experience in surfing is crucial for catering to local surfers and teaching surfing to tourists.Business Acumen: Knowledge of business principles and practices, including marketing, finance, operations, and customer service, is essential for running a successful surf shop.Communication and Interpersonal Skills: The ability to effectively communicate with customers, build relationships, and collaborate with employees is important for establishing a strong organizational culture.Creative Problem-Solving: Being able to think creatively and find innovative solutions to challenges that arise in the surf shop business is key.Adaptability and Resilience: The ability to adapt to changing market conditions, quickly learn new trends and technologies, and bounce back from setbacks is essential in the dynamic surf shop industry.