Final answer:
Product differentiation is the marketing strategy that targets separate product lines to different market segments, enabling companies to offer variety and creating monopolistic competition.
Explanation:
The marketing strategy that involves targeting separate product lines for unique segments is known as product differentiation. This strategy utilizes the product-market grid to identify opportunities to provide distinct products for different market segments. Product differentiation is a crucial action taken by firms to make consumers perceive their offerings as different from competitors' products.
Product differentiation can reflect various aspects, such as style, flavor, location, and characteristics. It creates a perceived value among consumers, leading to monopolistic competition. By offering a diverse array of products, companies can meet the specific needs and preferences of different customer segments, moving away from a perfectly competitive market scenario where products are undifferentiated.
During august, boxer company sells $361,000 in merchandise that has a one year warranty. experience shows that warranty expenses average about 5% of the selling price. the warranty liability account has a credit balance of $12,300 before adjustment. customers returned merchandise for warranty repairs during the month that used $8,900 in parts for repairs. the entry to record the estimated warranty expense for the month is:
Answer:
Debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
Explanation:
Estimated warranty expenses = Selling price × 5% = $361,000 × 5% = $18,050
Therefore, the entry to record this to debit Warranty Expense with $18,050; and credit Estimated Warranty Liability with $18,050.
This will look in the journal as follows:
Details Dr ($) Cr ($)
Warranty Expense $18,050
Estimated Warranty Liability 18,050
To record the estimated warranty expenses for the month
Employees at Border Bookstores, a chain of bookstores, recently held a strike to force their employer to negotiate a labor contract. They demanded higher wages and eight sick leaves in a year instead of the three that they were given. In this context, the _____ gave the employees of Border Bookstores the power to collectively bargain with the organization.
The question is incomplete, it lacks options.
A) Norris La Guardia Act
B) National Labor Relations Act
C) Occupational Safety and Health Act
D) Fair Labor Standard Act
Answer:
National Labor Relations Act
Explanation:
The National Labor Relations Act was enacted in 1935. It is also known as the Wagner Act. This law enacted to enable employees in various organizations to organize different forms of trade union and collectively bargain with their employers.
The National Labor Relation Acts enables employees to bargain for an increase in salary, better working conditions such a provision of safety equipments for workers in a work environment.
Answer:
National Labour Relations Act.
Explanation:
This labour relations act was said to come in place in the year 1935. It could sometimes called the Wagner Act after its chief sponsor, Sen. Robert F. Wagner.
It is the principal federal law governing the operation and organizing of labor unions in the private sector and their relations with management representatives. It was part of President Franklin Roosevelt’s New Deal economic central planning programs, the law replaced the labor-management relations provisions of the National Industrial Recovery Act.
The first generation Apple iPod was introduced in 2001 and sold for $500. The following year a mini version was introduced for $250. Apple initially used a ________ strategy to price their digital music innovation.
A. market-penetration
B. market-skimming
C. target costing
D. deceptivepredatory
Answer:
b market skimming
hope this helped
David knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk premium. He also knows that the expected return on the market is 7.50 percent. What is the expected return on David’s portfolio? (Round answer to 2 decimal places, e.g. 12.25)
Answer:
7.50%
Explanation:
The computation of expected return is shown below:-
Expected return = Risk free rate + beta × (Return on market - Risk free rate)
= Risk free rate + 1 × (7.50% - Risk free rate]
= Risk free rate + 7.50% - Risk free rate
=7.50%
Therefore for computing the expected return we simply applied the above formula.
Global Corporation enters into contracts with buyers in e-commerce and traditional commerce. The Uniform Electronics Transactions Act applies, if at all, only to those transactions in which the parties agree to use
Answer:
electronic means.
Explanation: This means includes telephone, telecopy, telegraph, telex, internet, electronic mail, facsimile transmission and any other similar means of electronic communication. Any communication by telephone as an Electronic Means shall be promptly confirmed in writing or by one of the other means of electronic communication authorized herein.
Bob contracts with Ace Plumbing, Inc., to pay $700 over a six-month period for its services. After Ace performs, they sign an accord, in which Bob promises to pay Ace $500 next week in lieu of the $700. Bob does not pay the $500. Ace can bring an action against Bob based on________.
Answer:
either the accord or the original contract.
Explanation:
Bob and Ace plumbing have made a contract and even signed an accord, hence either the accord or the original contract can be used by Ace to bring an action against Bob.
Betty wants to know the probability that her investment in HighFlier, Inc. will generate a return less than zero. The investment has a mean return of 10% and a standard deviation of 5%. Based on a normal distribution curve you correctly inform her that:________.
A. There is a 2.5% probability of a negative return.
B. There is a 5% probability of a negative return.
C. There is a 10% probability of a negative return.
D. There is a 34% probability of a negative return.
Answer:
A. There is a 2.5% probability of a negative return.
Explanation:
The stock returns are often assumed to be normally distributed for the prediction of future returns. Although there are some weird characteristics of stock returns that normal distribution is unable to capture, it is widely used because of its easy to apply.
Given the following information,
E(R)=10%
σ=5%
Since returns are normally distributed and the normal distribution is symmetric, the probability that Stonehenge Construction will yield a negative return is two standard deviations below the mean.
In the case of the normal distribution, approximately 95% of observations lie within two standard deviations about the mean. Therefore, by symmetry, only 2.5% of observations have a probability of yielding a negative return for Stonehenge Construction. SO, the answer is (A).
. "Place" decisions: A. may focus on the location of retail stores and wholesale facilities. B. may focus on the selection and use of intermediaries and collaborators. C. can be aided by knowing about the product classes. D. are harder to change than Product, Promotion, or Price decisions. E. All of these choices are correct.
Answer:
E
Explanation:
All of these choices are correct.
Place refers to the channels of distribution either through distribution/market channels and physical distribution. It is a vital part of the total marketing mix, it ensures that products are available to the appropriate markets, at the right proportion or quantity, at the best condition, appropriate time, anytime and at all times.
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published. Although the statement made by Jean in his review is true, Tom wants to sue Jean. Can Tom recover from Jean for defamation?
Answer:
No.
Explanation:
Defamation is not a crime by its definition, but rather a tort or a civil wrong. Written defamation is called a label and is referred to a statement that can hurt someone's reputation. In order to prove the existence of defamation, several things need to be verified:
statement is publishedstatement is falsestatement is injuriousstatement must be unprivilegedThe last one of these assumes that under some circumstances, victim cannot submit an appeal, even if it is possible to prove that the statement is false. This is the case with for instance witnesses in court, who cannot be sued for false testimony, due to freedom of speech, but can be prosecuted for perjury. In our case, three of four conditions necessary for sue to be made are fulfilled. The second one is not, therefore Tom cannot sue Jean for defamation.
Which of the following sources of candidates for job openings is relatively inexpensive and helps build employee morale? 1. executive search firms. 2. current employees. 3. public employment agencies. 4. colleges and universities. 5. newspaper advertisements.
Answer:
2. current employees.
Explanation:
The easiest and inexpensive method for the sourcing the right candidates for the job is through the current employee's selection which is an internal approach to recruitment and also helps to build an employee moral. This method has its advantages as a high internal mobility, provides a carriers development opportunity and is low risk and high in terms of trust and saves time and is a flexible approach to management.Doreen, a project manager, has been given a limited amount of money to run the new marketing campaign. She was also told that the client wants the campaign ready to roll out in less than two weeks. Doreen is feeling very limited by these constraints and is not sure that it will produce her team's best work. Her supervisor and career mentor, tells Doreen that she is __________.A. feeling the effects of the intuition model.
B. being unrealistic with the time frames and money given to her.
C. affected by bounded rationality.
D. using rational decision making.
E. experiencing satisficing.
Answer:
affected by bounded rationality.
Explanation:
Bounded rationality is a situation where decision making of an individual rationality is limited by the amount of information that the individual has, cognitive limitations, and finite time.
Doreen has been give two weeks to run a new marketing campaign for a client. She is feeling limited by time constraints and so she is being affected by bounded rationality.
Bounded rationality tends to limit the potential of a person to perform good work. They are cautious in carrying out tasks.
Suppose that an inventor discovers a new chemical compound that can change the color of a person's eyes with no negative side effects. Since she holds a patent on this chemical, she has a monopoly over the sale of the new eye-color treatment. However, she's an inventor, not a businessperson. Which of the following statements explain to her how she should set the price for the eye-color treatment in order to maximize her profits?
a) The inventor should produce an output that maximizes total revenue.
b) The inventor should price her product so that price equals marginal cost for the marginal unit.
c) The inventor should establish the marginal revenue and cost for each additional unit produced.
d) The inventor should produce all the units for which marginal revenue equals or exceeds marginal cost.
e) The inventor needs to establish the demand for her product using market research.
f) The inventor needs to establish the supply for her product using market research.
Answer:
d) The inventor should produce all the units for which marginal revenue equals or exceeds marginal cost.
Explanation:
The inventor has a new and innovative product that can change the color of a person's eyes with no negative side effects.
She now has a monopoly in the market. To maximise her profits she needs to set price of the product so marginal revenue is equal to or greater than the marginal cost.
Marginal revenue is the additional income earned per unit produced, while marginal cost is the additional cost incurred with extra unit produced.
When MR is equal to MC the business breaks even, and when MR is greater than MC the business is making profit.
During executing, a member of the project comes to the project manager because she is not sure of what work needs to accomplish on the project. Which of the following documents contain detailed descriptions of work packages?
A. WBS dictionary
B. Activity list
C. Project scope statement
D. Scope management pla
Answer:
A. WBS dictionary
Explanation:
The WBS (Work breakdown structure) dictionary defines as document which provide detailed information on each element in the WBS. Therefore, description of the work packages are in the WBS dictionary, it also include cost, quality, deliverables, activities, scope and control account. WBS element is a bucket where all the activities belonging to a specific part of the project are captured.
In the given case, the team member can check the WBS dictionary for detailed descriptions of work packages, which will help her to know what work needs to accomplish on the project.
________ is the process by which a firm gradually changes in response to global competition; domestic market saturation; and the desire for expansion, new markets, and diversification. Grupo de opciones de respuesta Internationalization Segregation Segmentation Integration
Answer:
Internationalization
Explanation:
Internationalization is a strategy employed by corporate organizations, to making its products adapt to domestic market, global competition and the desire for expansion.
In internalization, the experience of people with technical expertise and those with international experience are required.
When a product that will be used by people with different languages are launched, such would go through internalization in order to confirm with their local culture.
Example is hard ware device. Producers must know that not all device are available in all countries.
Economic growth will reduce the future real GDP of an economy. expand the production possibilities of an economy. increase an economy's nominal income, but not its real income. increase real output, but the real income level of the country will decline.
Answer:
The correct option is B. expand the production possibilities of an economy.
Explanation:
Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:
Nominal or real (adjusted for inflation) terms. Gross National Product (GNP) Gross Domestic Product (GDP), etc.Contributors to economic growth include:
Increases in capital goods.Increase in labor force. Technology. Human capital.In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.
As the ratio of the cost of overstocking to the cost of understocking gets larger:________
A) the optimal level of product availability decreases.
B) the optimal level of product availability becomes irrelevant.
C) the optimal level of product availability remains stable.
D) the optimal level of product availability increases.
Answer:
D) the optimal level of product availability increases.
Explanation:
Overstocking deals with making a product available in excess quantity.
Under stocking deals with making a product available in insufficient quantity.
As the ratio of the cost of overstocking to the cost of understocking gets larger, the optimal level of product availability increases. This is self explanatory as overstocking being more than understocking means there will be more product available.
Answer:
A) the optimal level of product availability decreases.
Explanation:
The optimal level of product availability decreases when the ratio of the cost of overstocking to the cost of understocking increases or gets larger.
The optimal level of product availability is defined as the ratio of cost of overstocking to the cost of understocking.
Therefore, when the ratio of cost of overstocking to the cost of understocking gets larger, the optimal level of product availability decreases and vice-versa.
Robert, the president of the labor union of a company, speaks to the management of the company about the requirement for an extra worker to assist in the delivery process. He suggests hiring one of his cousins for the job, as his cousin has prior experience in the field. The management, however, finds out that there is no requirement for another worker in the unit and Robert made made up the reason solely to get a job for his cousin. In the given scenario, Robert has violated the _________.
a. Taft-Hartley Act
b. Landrum- Griffin Act
c. Sherman Antitrust Act
d. Wagner Act
Answer:
Taft-Hartley Act
Explanation:
Taft-Hartley Act is also known as the labour management relations act of 1947 and it restricts the activities and powers of labour unions. It stops unions for engaging in unfair labour practices such as jurisdictional strike, wild strike, political strike, secondary boycotts, and monetary donations to political campaigns.
Robert has violated the Taft-Hartley act by creating a fictional role in the company in order to get his cousin a job.
Spring is here, and Megan and her uncle would like to go fishing for the weekend in Vermont. Megan could either go to the river in town where anyone can fish without a permit, or she could drive up to a pond located on her family's property in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no ''catch and release'' policy).
The fish in the river are considered _____ and _____ whereas the fish in the private pond are _____ and _____. In other words, the fish in the river are an example of _____, and the fish in the private pond are an example of _____.
Fishing in the river will likely lead to _____ because of which of the following reasons?
_____ Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the river.
_____ Anyone can fish in the river, and one's person's fishing activity decreases the ability of someone else to fish with success.
_____ All fishermen will choose to fish in the river because of the limited access to the pond.
_____ All fishermen will choose to fish in the pond believing that there are more fish there.
Answer:
The correct answer is option (2) Anyone can fish in the river, and one's person's fishing activity decreases the ability of someone else to fish with success.
Explanation:
The fish in the river are considered rival in consumption and non-excludable whereas the fish in the private stream are rival in consumption and excludable.
In other words, the fish in the river are example of common resource and the fish in the private stream are an example of private good.
Fishing in the river will likely lead to the tragedy of commons because anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success.
The Fishing in the river will likely lead to anyone can fish in river which makes it competitive, and hence the correct option is 2.
Common and Private GoodThe question can be divided into two parts, one is about fill in the blanks, and second is to choose a correct option. We will go through them ony by one.
Answer 1:
A) Since there is no "Catch and release policy", and fishing in river is open to everyone. Therefore we can conclude that the Fish in the river are considered rival in Consumption, and non- excludable.
B) Whereas the fish in the private pond are Rival in Consumption and Excludable.
C) In other words the fish in the river are an example of common resource and the fish in the private stream are an example of private good.
Answer 2
D) Fishing in the river will likely lead to the tragedy of commons because:
If River is open for everyone, than everyone will try to catch more and more fish which will be a tragedy for farmers. Hence option 2 is the reason "anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success."
Learn more about Common Goods here:
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A project manager in Sam's Inc. has to update his fifty-member team on an upcoming project. He needs to schedule a meeting with all the members for this purpose. He finds it difficult to know the availability of each member to schedule the meeting at a convenient time. Which of the following collaboration tools will help the project manager to find the availability of the members?
a. Calendaring software
b. A podcast
c. A Web conference
d. Really Simple Syndication
Answer:
A. Calendaring software.
Explanation:
Calendaring software are the collaboration tool used by organizations to determine the availability of team members and to send email notifications and reminders for meetings and event participations. It allow people to capture and record scheduled meetings and events.
In the given case, a project manager can use calendering software as he has to update his team on an upcoming project and need to schedule a meeting with all the team member.
Marisol's online jewelry store originally sold only earrings and necklaces for women. After adding men's rings and cuff links, profits doubled. Given that success, Marisol may soon expand her product line to include unisex watches. Which of the following is a dimension of merchandising strategy that Marisol should consider?
a. how to advertise the store?
b. what type of repair service to offer?
c. the probability of unisex watches.
Answer: C. Profitability of unisex watches.
Explanation: Merchandising strategy is a business tactics or process that contribute or bring in sales of goods and services for profit.
Marisol made double profit when she added men cufflinks and men rings to her online jewelry store business. Now she wants to consider adding unisex watches to it, using merchandising strategy she should consider the profitability of " unisex watches ".
Awareness by top managers of the existence of external investors in the form of individuals (e.g., Carl Icahn) and groups (e.g., hedge funds) often positively influences them to align their interests with the firm's shareholders. Group of answer choices False True
Answer:
True
Explanation:
Awareness by top managers of the existence of external investors in the form of individuals (e.g., Carl Icahn) and groups (e.g., hedge funds) often positively influences them to align their interests with the firm's shareholders.
Eight-year-old eric watches as you flatten one of two equal-sized balls of clay into a pancake. eric says they both still have the same amount of clay. when he is asked how he knows that the ball and the pancake have the same amount of clay, he points out that the pancake could once again be rolled up into a ball, demonstrating that he
Answer:
UNDERSTANDS THE CONCEPT OF REVERSIBILITY
Explanation:
Within thermodynamics, a reversal system refers to the process whose path can be restored to its old location by causing infinitesimal adjustments in any properties of the mechanism through its own surroundings. The mechanism is in thermal equilibrium because of its environment during the whole reversible cycle.
This makes no shift either in the process or the environment after being reversed. Since stopping the reversible cycle will take an endless amount of time, completely reversible systems are unlikely. Thus, from the above we can conclude that Eric's actions are demonstrating that he understands the concept of reversibility.
Chocolate Supreme purchased new baking equipment for $15,000 subject to terms 4/10, n/45. The discount was taken. Additional costs included $900 in sales tax and $300 for installation. The total cost to be added to the machinery account is
Answer:
Cost of machine =$ 15600
Explanation:
According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
So we will add the purchase cost to the cost of delivery, tax and installation.
Note the discount is 4%
The purchase cost less discount = (100-4)% × 15,000= $14,400
The cost of the equipment = $14,400 + 900 + 300
=$ 15,600
When she is not working, shelby trains to run marathons. she wishes she had more time to travel to various races but work keeps her busy. kevin does not want time off work. he needs to earn as much overtime as possible to pay off his college loans. the company recently offered either a week's pay or a week off as the bonus to the salesperson who made the most sales. both shelby and marcus worked hard to win. which advantage of individual incentives does this illustrate?
Answer:
Awards match desires
This scenario illustrates the advantage of individual incentives known as 'economic rationality' or 'maximizing income'. Shelby and Marcus are both motivated to work hard and compete in order to win the bonus offered by the company.
Explanation:This scenario illustrates the advantage of individual incentives known as 'economic rationality' or 'maximizing income'. In this case, Shelby and Marcus are both motivated to work hard and compete in order to win the bonus offered by the company. Shelby wishes to have more time for traveling to various races, but work keeps her busy. On the other hand, Kevin wants to earn as much overtime as possible to pay off his college loans. Both individuals are driven by the desire to maximize their income, which is a key advantage of individual incentives.
Waterway Company owns 30% interest in the stock of Pharoah Corporation. During the year, Pharoah pays $21000 in dividends to Waterway, and reports $315000 in net income. Waterway Company’s investment in Pharoah will increase Waterways net income by
Answer:
net income increases by $94,500
Explanation:
The journal records to record this transaction should be:
Dr Cash 21,000
Cr Investment in Pharoah Corporation 21,000
Dr Investment in Pharoah Corporation 94,500 (= $315,000 x 30%)
Cr Revenue from Pharoah investment 94,500
When a company uses the equity method, dividends are not considered income, they actually the investment account. Revenue is recognized only when the corporation generates a positive net income.
the chart shows a production possibilities schedule for Sabrina's Soccer how much profit does the company make from producing and selling four soccer nets?
$51
$80
$109
$137
An amount of $109 is the profit that the company makes from producing and selling four soccer nets.
What is a production possibilities schedule?The production possibilities schedule is a table of numbers that illustrates the production possibilities of an economy
Here, the table shows that the amount of $109 is the profit that the company makes from producing and selling four soccer nets.
Therefore, the Option C is correct.
Read more about production possibilities
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Answer: $109
Explanation: got it right on edge
If financial markets were inefficient,
A) all investors would outperform the stock market
B) prices would indicate the proper valuation of securities
C) prices would adjust rapidly
D) some investors may consistently outperform the market
You have been given an elevation surface and asked to produce a raster indicating potential sites for a forest service radio relay tower that will send and receive radio transmissions to the main tower located near headquarters. The potential sites must be accessible by all-terrain vehicles (ATVs). Which of the following tools would be most helpful in this scenario? a) X Hillshade tool; Raster Calculator tool; Contour toolb) X viewshed; Raster Calculator tool; Contour toolc) X Raster Calculator tool; Aspect; Sloped) X Raster Calculator tool; Contour tool; Aspect toole) X Viewshed tool; Contour tool; Aspect toolf) X Viewshed tool; Hillshade tool; Contour tool
Answer:
b) X viewshed; Raster Calculator tool; Contour tool
Explanation:
To produce a raster indicating potential sites for a forest service radio relay tower that will send and receive radio transmissions to the main tower located near headquarters and making the potential sites accessible by All-Terrain Vehicles (ATVs).
The following tools would be most helpful in this scenario;
- X viewshed
- Raster Calculator tool
- Contour tool or Slope tool
Final answer:
The viewshed, raster calculator, and contour tools are the most helpful for identifying potential sites for a forest service radio relay tower, ensuring clear line of sight, ATV accessibility, and structural stability.
Explanation:
To identify potential sites for a forest service radio relay tower accessible by all-terrain vehicles (ATVs), the most helpful tools would be the viewshed tool, raster calculator tool, and contour tool. The viewshed tool is crucial in determining the areas that are visible from a given location, crucial for a relay tower that requires a clear line of sight to the main tower. The raster calculator can be utilized to analyze and calculate areas based on various criteria including slope and elevation, which are essential in confirming accessibility by ATVs and ensuring the structural stability of the tower. Lastly, the contour tool can assist in visualizing elevation changes and contributing to the planning process for vehicle access and construction logistics.
An Illinois state statute requires amusement parks to maintain equipment in certain conditionfor the protection of patrons. Jasperâs Fun Park fails to maintain its equipment. Kaitlin, apatron, is thereby injured. Jasperâs committedA) assault.B) battery.C) false imprisonment.D) negligence.
Answer:
The answer is negligence (option D)
Explanation:
Negligence in law terms describes the failure to follow standards of established behavior that protects people against unreasonable risks. In other words, negligence describes the situation whereby a person, an organization or company acts in a careless (or "negligent") manner that results in the damage of properties or someone sustaining an injury.
Kaitlin wouldn't have been injured if Jasper Fun Park had met Illinois state statute requirement for equipment maintenance in amusement parks. Thus, it can be concluded that Jasper Fun Park acted in negligence.
On average, it can cost _____________________ and take _____________________ to discover a new drug, perform the necessary safety tests, and bring the drug to market.
Answer:
$800 million; more than a decade
Explanation:
If a pharmaceutical firm decides to develop a new drug. On average, it can cost $800 million and take more than a decade to discover a new drug, perform the necessary safety tests, and bring the drug to market.