Which characteristic of competitive markets is mainly responsible for ensuring that prices will be kept low?
a. similar goods
b. many sellers
c. easy entry into and exit from the market
d. many buyers
e. differentiated goods?
Supply of a product will tend to be more inelastic when
2009 2010
Limousine $180 $216
Prom Dress $270 $324
According to the table above and assuming that limo rental and prom dress purchase constitute the cost of the prom, the rate of prom inflation from 2009 to 2010 was
A. 10%.
B. 20%.
C. 50%.
D. 66%.
E. 83%.
What could something, such as a reward or bonus, that encourages people to behave in a certain way be called? laissez faire an incentive competition self-interest?
From all the options available for the question, the one that best answers the given question would be (B) an incentive.
An incentive is given as an external reward for desired behaviors – it has very similar principles to operant conditioning’s positive reinforcement. An incentive is used to increase the likelihood that the behavior will appear again.
The "bundle of values" the advertiser presents to the consumer is referred to as the _____.
Answer:
Product Concept
Explanation:
Product Concept is the blueprint of the idea which means it represent the perception of the consumer or customer of the product as a bundle of the values and the same advertiser present to the customer. It states the understanding of the product dynamics for showcasing the highest qualities and the features of the product.
If the entry to assign factory labor showed only a debit to work in process inventory, then all labor costs were
Jason is a high school sophomore. He has a part-time job and a little money in savings, but has a hard time keeping it there. Jason wants to buy a car in a few years. Which account type best matches his financial goals?
The answer is: Jason can choose a term that ends when he wants to buy his car, and his money will earn more interest than in a simple savings account.
The purpose of choosing this type of account is to ensure that Jason's saving is locked until it reach the maturity date. With this, Jason limited himself from actually using the money for other purposes and he can focused on his goal of buying the car that he wants.
During a period of severe inflation, a bond offered a nominal hpr of 80% per year. the inflation rate was 70% per year.
a. what was the real hpr on the bond over the year? (ro
10% was the real hpr on the bond over the year. As During a period of severe inflation, a bond offered a nominal hpr of 80% per year. The inflation rate was 70% per year.
What is inflation rate?The US annual inflation rate dropped to 8.2% in September 2022, the lowest level in seven months, for the third consecutive month, down from 8.3% in August but beyond market estimates of 8.1%.
According to the United States Bureau of Labor Statistics and The Economics Daily, consumer prices climbed by 9.1% over the year that ended in June 2022, the highest annual increase in 40 years. It is valid if the URL ends in.gov. For the federal government, several webpages end in.
U.S. According to Labor Department data issued on October 13, the US annual inflation rate for the 12 months ending in September 2022 was 8.2%, down from 8.3% the year before.
Thus, it is 10%
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Caroline, the manager of a jewelry store, conducts statewide market research and collects data on customer preferences toward various jewelry items. based on her findings, she has to create a forecast of the items that customers are most likely to purchase. in this scenario, caroline will most likely be performing the _____ of marketing research.
Caroline is likely performing the task of forecasting demand for jewelry items based on the data collected through market research.
In the given scenario, Caroline, as a manager conducting market research, would most likely be undertaking the process of forecasting demand for jewelry items. Forecasting demand involves using collected data on customer preferences to predict which jewelry items will be most popular and likely to sell in the future. This is a crucial step in market research, as it helps businesses plan for production, staffing, and marketing strategies, ensuring they are prepared to meet customer needs efficiently and effectively.
Chad is the human resources manager of a chain of stationery stores. the company intends to open two new outlets, and chad plans to recruit staff for both the outlets by the end of the month. in this scenario, chad's staffing target serves as a _____.
Final answer:
In this scenario, Chad's staffing target serves as a goal for his human resources role within the company. Establishing such a target is essential in strategic HR planning, especially when a company is expanding its operations to new locations.
Explanation:
As a human resources manager, Chad is responsible for ensuring that the right number of qualified individuals is hired to meet the company's operational needs. Reaching this staffing target involves several steps and processes, including the identification of job requirements, attracting applicants, selecting candidates, and potentially training the new employees. Chad's efforts to recruit staff for the new outlets by the end of the month is a clear and measurable objective that aligns with the company's broader goals for expansion and productivity. A staffing target like this one is a common and critical part of a human resources management strategy.
1. Increasing your 401k deduction will ________ your gross pay and __________your federal taxes in the current year.
Answer:
Not Change, Decrease
Explanation:
The contribution to the 401k plan decrease the tax liability at the end of the period and also the tax withholding for each pay year. Though, the individual do not take the tax deduction on the income tax return from 401k plan.
By increasing the 401k deduction will have no impact on the gross pay and will decrease the federal taxes of the current year.
"which targeting strategy focuses on common consumer needs, as opposed to different needs?"
Undifferentiated targeting is a marketing strategy that focuses on common consumer needs instead of different needs. It involves reaching a wide range of consumers with a broad appeal.
Explanation:
The targeting strategy that focuses on common consumer needs, as opposed to different needs, is called undifferentiated targeting. It is also known as mass marketing. This strategy involves developing a single marketing mix and directing it towards the entire target market. This approach assumes that consumers have similar needs and preferences, and aims to reach a wide range of consumers with a broad appeal.
For example, a company that produces basic household cleaning products may use mass marketing to target all households, assuming that all consumers have the same need for cleanliness and hygiene.
Undifferentiated targeting has advantages such as cost efficiency, simplicity, and the ability to capture a larger market share. However, it may not be as effective as other targeting strategies in meeting the specific needs of different consumer segments.
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Name three rules for creating an effective presentation to summarize a pi team's activities
The success of mass production made mass consumption less important than ever.
a. True
b. False
Describe the difference between vertical mergers, horizontal mergers, and conglomerates
Baby alec continues to fuss for over 5 minutes when his brother takes away a toy that he enjoys playing with. this can be used as evidence that alec has developed
Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this transaction?
A ) Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000
B ) Debit Cash $5,000; credit Tile Sales $5,000
C ) Debit Accounts Receivable $4,050; credit Tile Sales $4,050
D ) Debit Accounts Receivable $5,000; credit Tile Sales $5,000
The entry required to record this transaction is D ) Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Data and Calculations:
Tiles sold = 200 units
Selling price = $25.00 per unit
Total sales revenue for this transaction = $5,000 ($25 x 200)
Credit terms = 1/10, n/30
These credit terms mean that:
the customer will be granted 1% cash discount if she pays within 10 days.the total credit days (limit) allowed to the customer for this transaction is 30 days.Thus, Accounts Receivable account is debited with $5,000 and the Tile Sales Revenue account is credited with $5,000.
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The set of processes used to get members of an organization to work together to further the interests of the organization is called _____.
Final answer:
Organizational socialization is the set of processes used to integrate members into an organization, involving the teaching of rules, norms, and culture to ensure they can effectively contribute to the organization's goals.
Explanation:
The set of processes used to get members of an organization to work together to further the interests of the organization is called organizational socialization. This process involves teaching new members the rules, norms, and culture of an organization to ensure that they can contribute effectively to its goals. This encompasses a variety of practices, including explicit policies, workstation behavior, and assimilating into the company culture, which could be centered around aspects such as innovation, teamwork, or competitiveness. Organizations that people join to achieve shared interests or because they provide intangible rewards are sustained by individual goals and are characterized by specialized roles, impersonal relationships, and formal authority structures. For example, a modern business requires a coordinated effort among its members with a clear division of labor to maximize their collective success, which in turn benefits the individual. There are different types of organizations, such as normative (voluntary), coercive (compulsory membership), and utilitarian (material reward), that people may join. Each type of organization requires unique methods of socialization to ensure their members work cohesively towards the common goals.
For a number of years country a had inflation of 3% but for the last five years has had inflation of 6%. country b had inflation of 4% for many years, but very recently inflation unexpectedly rose to 9%. other things the same, in which of the countries would the higher inflation rate be more likely to reduce unemployment?
A country would a higher inflation rate is more likely to reduce unemployment is country B.
What is unemployment?Unemployment refers to a condition when there is no availability of job opportunities in the market when a person is willing to or has enough qualifications for the job.
Inflation is referring a system in which the prices of goods and services rises for a certain period of time which disturbs the purchasing parity of consumers due to high price.
There has been a negative relationship between inflation and unemployment. This implies that unemployment decreases as inflation increases and unemployment increases when inflation decreases.
Country B has to observe growth in inflation from 4% to 9% which is higher than country A which is a rise from 3% to 6%. Therefore, country B will more likely to reduce unemployment.
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Microsoft hires marketing and sales specialists to decide what prices it should set for its products, whereas a wealthy corn farmer in iowa, who sells his output in the world commodity market, does not. why is this so
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.
Which days can be selected as the first day of the week for a calendar?
Which tool helps a producer set up an efficient system of production?
Question 3 options:
production possibilities frontier graph
market research department
electric-powered assembly line
determination of opportunity costs
production possibilities frontier graph
Aquifers provide drinking water for how much of the world's population? select one:
a. 33%
b. 75%
c. 25%
d. 50%
e. 67%
Naomi is sixteen and she would like to open a savings account. What should she do?
PLEASE HELP! :)
The answer is: Visit different banks and find out how often it compounds, and she should find out the interest rate of each account to see which will earn her the most money.
The compound time for interest is usually given either yearly, quarterly, or monthly (longer compound time usually has higher interest rate).
Naomi need to evaluate her own economic needs and determine the best possible option for her. For example, if she is not planning to use her saving within short period of time, she could opt for longer compound time and higher interest rate since it would be beneficial for her the most.
If a shortage exists in a market, the natural tendency is for:
Duffy is a passenger in a car that caleb is driving when an accident occurs. both caleb and duffy are emotionally rattled, but neither is physically hurt. caleb is not liable to dufy on a negligence theory because true or false
Answer:
False
Explanation:
Caleb is liable for negligence if the accident wasn't caused by him, but was caused by another vehicle.
For negligence theory to be true in this case the following must happen;
1. Caleb must make a mistake
2. The mistake must cause damage to Duffy
3. The mistake must not be of catastrophe
When the 2008 financial crisis began in the united states, it resulted in the collapse of the housing market and the failure of several large financial institutions. this crisis spread rapidly to the rest of the world. this example demonstrates which trend in the global economic environment?
Answer:
world markets are economically interconnected
Explanation:
When the 2008 financial crisis began in the United States, it resulted in the collapse of the housing market and the failure of several large financial institutions. The trend in the global economic environment world markets are economically interconnected.
What is financial crisis?The term crisis refers to the unexpected. The crisis are any time enter to any situation. The crisis are to overcome with the help of the perfect strategy and solutions to the problem. The financial crises are those crises related to the money. The loss and the financially not to the stable.
According to the financial crisis in the period of the 2008 are the United States was the suffer in the collapse of the living accommodations market. The global of the economic market are the interconnected to each other are the main reason to the economically interconnected.
As a result, the significance of the financial crisis are the aforementioned.
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A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as a(n) _____.
A. savings bank
B. credit union
C. investment bank
D. commercial bank
Answer: D. commercial bank
Explanation:
In a mortgage, the amount of money borrowed is called the?
In a mortgage, the amount of money borrowed is called the? Loan principal. The loan principal is the amount of money borrow and the mortage is what you are paying with principal plus interst. The money you are borrowing is a loan amount and you are paying the lender back.
In a mortgage, the amount of money borrowed is referred to as the principal. It is the original sum borrowed, which is repaid over time with additional interest.
Explanation:In a mortgage, the amount of money borrowed is called the principal. This is the original, initial sum of money that a borrower receives from a lender. Generally, the principal is repaid over time with interest, which is essentially the cost of borrowing the money.
For instance, if you ask a bank for a mortgage to buy a $200,000 house, and they agree to lend you the entire cost, your mortgage principal is $200,000. Then, over time, usually years, you would pay back that $200,000 principal plus the interest agreed upon in your mortgage terms.
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A value-based pricing strategy most likely begins with ________.