A qualitative forecasting method that employs structured questionnaires presented to potential customers soliciting opinions about potential products to assess likely demand is build-up forecasting.
What is Qualitative Forecasting?
Qualitative forecasting is an analysis methodology that uses expert judgment, rather than numerical analysis. This type of forecasting depends upon the knowledge of highly experienced employees and advisors to provide insights into future outcomes.
What is quantitative and qualitative forecasting?
Qualitative forecasting is founded on information that can't be measured. It's especially crucial when a company's just starting out, since there's a lack of past (historical) data. Quantitative forecasting depends on historical data that can be measured and controlled.
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What positioning message provides the next big result for the school children market segment after fun and great value?
"Safe" positioning message provides the next big result for the school children market segment after fun and great value.
What is market segment?People who are gathered together for marketing reasons are referred to as market segments. Market segments are subsets of a broader market that frequently group people together based solely on a single or more shared traits.
Some characteristics of market segment are-
Companies and their marketing departments define a targeting market for their merchandise and services using a variety of factors. Marketing experts use a unique strategy to each market segment after thoroughly understanding the demands, way of life, demography, and personality of both the target consumer.Companies and marketing departments build market segments for their goods and services using a variety of factors.Homogeneity among some of the segment's primary needs, originality, and a shared response to marketing strategies are requirements for a market segment.Market segments' responses to promotional campaigns or strategies are frequently quite predictable.Interests, personality, age, and gender are typical market segment characteristics.To know more about market segment, here
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How do JTA and JT play significant role to improve farmer"s life standard in Nepal? Explain.
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What did milton friedman and e. s. phelps argue with respect to the phillips curve?
Milton and phelps argued with the concept of phillips curve because it cannot work in the long run to become aware of aggregate demand and supply.
Government could not trade higher priced goods for lower employment. The phillips curve could accurately guide policy and procedure makers in short run or for a short period of time. This cause a relative negative relation between rate of employment and wage labor curve.
It is argued by the two economists when the nominal rates and wages were adjusted finally. It also states inverse relationship between the various curves operating respect in the economy. It is a upward rising curve.
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From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either "Passive or Interactive."
What is IMC strategy?The integrated marketing communications (IMC) plan transforms your marketing department from a collection of independent operations into one cohesive strategy.
IMC combines your numerous marketing materials and channels, including digital, social media, PR, and direct mail, into one trustworthy message.
The integrated marketing strategy includes-
IMC evaluation of a brand and also its main rivals.IMC Report CardIdentifying a brand's, an organization's, or a person's main communications outlets.Core strategy statement identification and adaptive messagingTimeline for the project, including deliverables and particular strategiesreporting and measurementEach integrated marketing communication approach should include three components:
the target customer, the channels used to deliver the message, and an assessment of the communication's effectiveness.To know more about integrated marketing communication strategy, here
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If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will?
If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set lower price in the market that is more price elastic.
Under price discrimination, a monopolist charges different prices in different sub-markets. Thus, a monopolist divides the market into sub-markets based on their price elasticity of demand.
So, if there are two identifiable markets, where the customer would want to buy from you, these markets will differ with respect to their price elasticity of demand and here resale is impossible.
Hence, a firm with market power will set lower price in the market that is more price elastic.
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_____means tailoring products to meet the needs of a large number of individual customers
Interfirm means tailoring products to meet the needs of a large number of individual customers.
Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.
Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.
Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.
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The indiana real estate recovery fund has a balance in excess of $750,000 at the end of the state’s fiscal year. the amount in the fund in excess of $750,000 will be paid to the?
The Indiana real estate recovery fund has a balance in excess of $750,000 at the end of the state’s fiscal year. the amount in the fund in excess of $750,000 will be paid to the Indiana state general fund.
NASBO defines a general fund as "the main source of funding for a state's operations. State taxes with a broad base of application generate revenue." Sales taxes, corporate income taxes, and personal income taxes are the three main sources of funding for the general budget.
The main fund a government entity uses is a general fund. All resource inflows and outflows that aren't connected to special-purpose funds are tracked in this fund. The primary administrative and operational responsibilities of the government body are represented by the expenditures made from the general fund.
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Housemate, inc., makes and sells a variety of household products. With a fair amount of certainty, housemate's decision makers can predict whether a given business action would be legal in?
With a fair amount of certainty, housemate's decision makers can predict whether a given business action would be legal in many situations
What is business action?A Business Action Plan's objective is to outline what resources are required to achieve the goal, provide a timeline of what precise activities must be performed, and determine what resources are required to achieve that business's goal.
Determine the resources required: procurement of equipment and supplies; determining workforce requirements; budgeting Determine your competition's advantage over you; discover business issues. Establish a timetable for when activities must be finished.
A business plan's three main goals are to 1) develop an effective growth strategy, 2) determine your future financial needs, and 3) attract investors (including angel investors and VC investment) and lenders.
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The cost of advertising is part of the firm's _______ costs and if advertising enables the firm to sell a greater output, its average total cost _______
The cost of advertising is part of the firm's variable cost and if advertising enables the firm to sell a greater output, its average total cost does not change.
Variable costs are dependent on the production output and sales. The variable cost of production is a constant amount per unit produced.
As the volume of production and output increases, variable costs will also increase. Alternatively, when fewer products are produced, the variable costs associated with production will consequently decrease.
Different examples of variable costs are sales commissions, cost of raw material, direct labor costs, used in production, and utility costs.
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A Network engineer (a.k.a. PM) needs to determine if the manufacturing process planned for the new micro-satellites will meet quality standards. Each satellite takes about 3 days to manufacture and costs 125 thousands. They are so small that inspection would destroy. What should the PM do
The thing that the project manager should do is A. Outsource the inspection to another company with more experience.
Who are project managers?Project managers (PMs) are responsible for planning, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.
The best option would be to outsource the inspection to another company with more experience, as the project is in inception stage and need experienced people to be successful and to avoid any technical glitch.
It should be noted that another beneficial factor while outsourcing the inspection would be to have a second opinion about the final micro-satellites and would welcome any update or suggestion provided by more experienced people.
While the inspection of satellites would be outsourced, then the manufacturing time will not be affected, the manufacturer keeps on producing with an ETA of 3 days and the inspection process will be performed by another company.
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Options to the question include:
a) Outsource the inspection to another company with more experience
b) Evaluate the attributes of the population
c) Decrease the cost of quality
d) Inspect a sample of satellites
The controlled breeding of domestic plants and animals by humans to produce certain physical traits in those organisms is called?
The controlled breeding of domestic plants and animals by humans to produce certain physical traits in those organisms is called Artificial selection.
Controlled breeding is the manipulation of the reproductive processes of cattle to healthy management goals.
Controlled breeding tests have finished the use of artificial insemination. Semen is gathered from the male-chosen as discern injected into the reproductive tract of the selected girl cow stored Semen may be used at a later date and perfect matings are performed.
Selective breeding via managed mating permits farmers to breed animals that are extra proof against the effects of weather exchange, including unexpected changes in temperature, prolonged droughts, or the appearance of the latest illnesses.
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When output is zero, fixed cost is ________ and variable cost is ________. multiple choice more than zero, more than zero zero, zero zero, more than zero more than zero, zero
When output is zero, fixed cost is more than zero and variable cost is zero.
An output device is a computer hardware device that converts information into a human-perceivable form or, historically, into a physical, machine-readable form for use by other non-computerized devices. It can be text, graphics, haptics, audio, or video.
Information processed and transmitted by a computer or other electronic device is considered output. An example output is what you see on your computer screen. B. A word you type on your keyboard.
1 : Something was generated:
a: Steel production by mineral, agricultural, or industrial production.
b: Intellectual or artistic production Literary production.
c: Quantity produced by a person within a certain period of time.
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Your client, brian, is an investor who likes to put as little cash down on his investments as possible. brian believes in the power of ______
Your client, brian, is an investor who likes to put as little cash down on his investments as possible. brian believes in the power of leverage.
It way using different people's time to perform your duties, essentially giving you more hours inside the day. Delegating and the usage of technology are two approaches to increase its slow leverage. non-public leverage: personal leverage, or courting leverage, is crucial to each location of your existence.
Leverage is the method of the usage of borrowed money to growth go back on investment. If the return on the entire price invested within the safety (your very own coins plus borrowed funds) is better than the interest you pay on the borrowed price range, you could make great earnings.
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What is a leadership plan that achieves a specific set of goals or objectives?
a) business strategy
b) competitive intelligence
c) competitive advantage
d) first-mover advantage
Option (a.) business strategy is the correct answer.
Business strategy is a leadership plan that achieves a specific set of goals or objectives.
A leadership development plan is what?A strategic plan known as a leadership development plan is created to assist employees in acquiring and developing leadership skills and preparing them for management and leadership roles within a business.This strategy is typically systematic, long-term, and tailored to a certain employee's and an organization's needs.What is Business strategy ?Business strategy describes how a company will compete in a specific market or markets with a product or a number of products or services. It is a clear set of plans, actions, and goals.These choices lead to the development of four generic business-level strategies: (1) wide cost leadership; (2) broad differentiation; (3) focused cost leadership; and (4) focused differentiation.Learn more about Business strategy here:
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The ________ is negative for complementary goods and positive for substitute goods.
The cross elasticity of demand is negative for complementary goods and positive for substitute goods.
What is cross elasticity of demand ?The cross elasticity of demand, also known as the cross-price elasticity of demand, is a measure in economics that compares the percentage change in the quantity desired for one commodity to the percentage change in the price of another good, everything else being equal. In practice, the amount desired of a thing is affected not only by its own price (price elasticity of demand), but also by the prices of other "related" products.
The term is used to describe the relationship between two items, which can be:
Complements
Substitutes \sUnrelated
A negative cross elasticity indicates that two products are complementary, whereas a positive cross elasticity indicates that two products are substitutes.
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Which of the following statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan?
a. Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.(right)
b. The member must submit a written request to cancel their Medicare Supplement Insurance Plan the same day they submit their MA Plan enrollment application.
c. When a member enrolls in the MA Plan their current Medicare Supplement Insurance Plan will automatically cancel.
d. The member should not cancel their Medicare Supplement Insurance Plan because Medicare Supplement Insurance can be used in conjunction with an MA Plan.
The statements is true about a Medicare Supplement Insurance Plan member who wants to enroll in an MA Plan is : A. Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.
What is Medicare Supplement InsuranceMedicare Supplement plans can be defined as a health insurance coverage that help to provide extra coverage to those under Medicare plan which inturn help to cover medical expenses or medical cost.
Hence, option A is the correct statement that is true about Medicare Supplement Insurance Plan based on the fact that Medicare Supplement Insurance cannot be used in conjunction with an MA Plan; therefore, after receiving confirmation of enrollment into the MA Plan, the member should submit to their Medicare Supplement Insurance carrier a written request to cancel his/her policy.
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Historically, there is a(n) ______ relationship between risk and expected return in the stock market.
Historically, there is a direct relationship between risk and expected return in the stock market. Higher-risk securities are priced to yield higher expected returns than lower-risk securities in financial markets dominated by risk-averse investors. The resulting positive relationship between risk and return is expressed by a simple equation.
The concept of the relationship between risk and return is described in investment theory. The risk-return relationship was the foundation of the Capital Model Asset Pricing Model (CAPM). CAPM defined an asset's expected return that is greater than the risk-free rate as being directly related to the non-diversifiable risk measured by beta.
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Based on the recommendation of its advertising agency, lowe’s chose to advertise on hgtv. In this situation, hgtv represents which component of the communication process?.
In the given situation HGTV represents the component of the communication process called "Communication Channel".
What is communication channel?Every meaningful team effort and collaboration depends on effective communication. An organization's movement is maintained by communication.
Some key points related to communication channel are-
Whatever method of communication we use, it's critical that the information is effectively communicated. "Communication channels" are any of several modalities or media used to send and receive information.Writing, speaking, nonverbal communication, visual communication, and other forms of communication are just a few of the ways we might communicate.Any of the individuals involved in a transmission must have a direct line of contact. N(N-1)/2 is the maximum number of direct routes that can coexist with "N" stakeholders. A team's number of channels grows considerably more quickly as the various stakeholders does. Communication may become extremely complex due to the large number of channels.To know more about communication channel, here
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You are looking for ways to save money when it comes to feeding your family. What is the most helpful way to cut back on food expenses?
The most helpful way to cut back on food expenses are:
Make a Family Budget Together. Trim the Family's Grocery Bill.How can budgeting help to to cut back on food expenses?Budgeting can be regarded as the process of creating a plan on how the money will be spent.
This spending plan which is known as budget helps ion the Creation of spending plan which will help to determine in advance how the money will be saved , hence most helpful way to cut back on food expenses is to make a Family Budget Together.
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What is not considered an advantage of using the retail method of inventory costing?
An inventory cost flow method must be used under both a perpetual and a periodic inventory system is not considered an advantage of using the retail method of inventory costing .
An advantage of retail inventory method
It does not require a physical inventory , the method only requires an organization to record the retail prices of inventory items . It allows the organization to create an inventory value report for budgeting or preparation of financial statements.
Retail inventory method
Provides an organization with a comprehensive account of available items and the monetary value of these inventory items . It evaluates the ending inventory or cost of goods sold for the organization . It requires organization to consider factors such as discounts, sales, markup, and loss of inventory .
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The percentage of a borrower’s gross monthly income required to meet monthly housing expenses (only) is called the?
The percentage of a borrower’s gross monthly income required to meet monthly housing expenses (only) is called the mortgage debt.
Debt or the company or subsidiary secured on lien on one or more parcels of their real property. It is typically housing expense divided into several series of regular payments in which principal and amount is present.
A borrower applies through a lender or an institution to know the gross value of the amount of the interest on the amount lended. Its process goes under legal terms which is underwriting procedure done on the basis of the credit score and credibility in financial institutions and making viable processes in front of the witness available monthly.
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When a shortage occurs in a competitive market, there is an incentive for suppliers to:______.
When a shortage occurs in a competitive market, there is an incentive for suppliers to "increase" the quantity of a good or service supplied to the market.
A Market Shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied. In this situation, consumers won't be able to buy as much of a good as they would like.
What happens when a shortage occurs?A shortage is a situation in which demand for a product or service exceeds the available supply. When this occurs, the market is said to be in a state of disequilibrium. Usually, this condition is temporary as the product will be replenished and the market regains equilibrium.To learn more about competitive market shortages, click the links.
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Correct Question - When a shortage occurs in a competitive market, there is an incentive for suppliers to the quantity of a good or service supplied to the market.
Carla, a 52-year-old software engineer, has been laid off twice in her life, once because of downsizing and once because of the acquisition of her organization by a rival company. She has now hit a career plateau after working with her current employer for five years. Carla is frustrated; each time she has changed jobs, she has adapted and acquired more skills and expanded her knowledge base. Which of the following patterns best describes Carla's career progression?
a. A cycle of stability and instability b. A self-reflective spiral c. A linear progression interrupted by transitions d. A series of successive plateaus
Answer:
A. A cycle of stability and instability
Explanation:
Carla has experienced the cycle of stability and instability because she has had ups and her downs in her career progression.
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A natural monopoly, such as a local telephone company, is characterized by?
A natural monopoly, such as a local telephone company, is characterized by economies of scale.
Economies of scale refers to the cost advantages which are experienced by companies as they grow and become more efficient.
An economy of scale is realized when any company increases in size and is able to spread out the cost of production over a larger number of units of a good.
Companies use economies of scale to maximize the efficiency of their production and the profits are maximized.
As the company produces more units of a good, the cost per unit goes down because operating and overhead costs get spread out over more units of the products which leads to the increased margins.
This is one reasons why a smaller company will charge more for a product than a larger company making the same product.
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Monitoring the performance of risk handling actions is involved in which step of the risk management process?
Fourth step
In step 4 of the risk management process comes Risk monitoring, Monitoring the status of risks, monitoring the effectiveness of mitigation plans implemented, and consulting with key stakeholders are all parts of the risk monitoring step. Risk monitoring should happen throughout the risk management process.
The risk management process is a outline for the actions that need to be taken. There are Five basic steps which are referred to as the RISK MANAGEMENT PROCESS.
All the five steps of this process are as follow;
Step 1: Risk identification
Step 2: Risk assessment
Step 3: Risk mitigation
Step 4: Risk monitoring
Step 5: Risk reporting
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A food worker slices watermelons for a buffet. What is the maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact?
The maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact is: 4 hours.
Maximum amount of time to wear the same pair of single-use glovesIf a food worker is carrying out the same activities it is of necessity to replace the gloves every four hours so as to prevent pathogens from growing on the gloves which can be harmful to the health.
Based on this whenever food worker gloves become infected , the gloves they must be changed.
Example of pathogens are:
VirusesBacteria'sFungi ParasitesTherefore the maximum amount of time that he may wear the same pair of single-use gloves as long as they are intact is: 4 hours.
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The payment of utility bills is an example of _____.
a. immediate annuity
b. ordinary annuity
c. annuity due
d. lump-sum payments
e. uneven cash flows
Uneven cash flows is an example of the payment of utility bills. In essence, uneven cash flows are series of unequal payments made over a specific time period. For example, over a five-year period, one could receive the following annual payments: $500 US Dollars (USD), $300 USD, and $750 USD.
If on the other hand, the regular payment were fixed at a specific amount, the cash flows would be equal. For example, one could receive a $500 USD annual payment, also known as an annuity. Furthermore, irregular cash flows can be associated with variety of financial situations, including capital budgeting.
Therefore, the correct answer will be option (e)
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A project generates a net profit of $1.8 million and a depreciation of $200,000. What is the project's operating cash flow?
$2 million = (OPC =Net profit + depreciation)
Net profit is the amount of money your company makes during a specific time period after subtracting all operational, interest, and tax costs. You need to know a company's gross profit to calculate this figure. Net loss is the term used when net profit is negative.
Another crucial factor that assesses the financial stability of your company is net profit. It demonstrates whether the company can generate more revenue than it spends. You can use your net profit to guide your decisions about when to expand your business, how to do so, and how to save costs.
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What is a primary responsibility of Business Owners in Program Increment (PI) Planning?
Draft of plan reviews is a primary responsibility of Business Owners in Program Increment (PI) Planning.
Who is a business owner?This is used to refer to a person that is engaged in one form of trade or the other. This is a person that establishes and manages a trade on their own for the sake of profit or to make a living.
The Program Increment (PI) Planning is a program that is a heart beat of the agile training that business owners have to undertake. This type of training is a face to face training. It helps to align all teams to a given vision and a mission.
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Students working at a job more than _____ hours per week are more likely to report academic difficulties.
Students working 10 hours at a job more than per week are more likely to report academic difficulties.
The academic overall performance (extra hours studied and higher grades) of college students who worked 10–19 hours in keeping with week changed into superior to all different students, operating and non-running
Some of the poor effects are better threat of losing out, not on time commencement prices, and bad effects on academic overall performance. He located that complete-time workers have a tendency to have less time for instructional research and school activities.
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