A​ ______ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.

Answers

Answer 1

A transnational organisation is a multinational corporation with an international focus that does not regard any specific nation as its base, residence, or headquarters.

What purpose do global corporations serve?

MNCs are essential to the expansion of the economy in the age of globalisation. MNCs make a contribution through foreign direct investments. Fdi has a direct impact on the GDP, GNP, foreign trade, and foreign reserves. Being an MNC can be quite advantageous to a firm. A multinational corporation (MNC), also known as a multinational company, is any business that is registered and operating simultaneously in more than one country. The corporation often has its headquarters in one country and operates fully or partially owned subsidiaries in other countries. The majority of company decisions are made by a small number of people in a system of organisation known as centralised management.

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Related Questions

true or false: when calculating the monthly payment for a car loan, the value of p includes the down payment

Answers

False,  when calculating the monthly payment for a car loan, the value of p does not include the down payment.

Down payment( also called a deposit in British English), is an original over- frontal partial payment for the purchase of precious particulars services similar as a auto or a house. It's generally paid in cash or fellow at the time of finishing the sale. A loan of some kind is also needed to finance the remainder of the payment.

The main purposes of a down payment is to insure that the lending institution has enough capital to produce plutocrat for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults.

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gavin has brown hair and green eyes, he is outgoing and a risk taker, and he excels at his job as a financial analyst. all of these traits are part of his:

Answers

The characteristics or personality of Gavin include things like his brown hair and green eyes, his outgoing nature, his willingness to take risks, and his success as a financial analyst. Individual traits are distinctive qualities that set one person apart from another.

Examples include physical characteristics, attitudes, beliefs, and values. They can affect a person's behavior, thoughts, and interactions with others, as well as their performance in a variety of spheres of life, including the workplace.

Therefore, Gavin's personality traits are a part of who he is as a person. These traits may affect how he approaches his work as a financial analyst and how he interacts with others in that setting. For instance, his gregarious and reckless nature may make him more at ease.

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a​ ________ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.

Answers

The correct option is E. A​ transnational organization is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.

GLOBE is the worldwide legislature Organization for Balanced surroundings, based in 1991. GLOBE's goal is to guide political management on the troubles of climate and electricity safety, land use alternatives, and ecosystems. across the world, GLOBE is targeted on management from G20 leaders and the leaders of the rising economies as well as formal negotiations inside the United countries.

GLOBE believes that legislators have a vital role to play in preserving their personal governments to account for the commitments which are made at some stage in worldwide negotiations. The GLOBE assignment is a global research task aimed at creating, testing, and validating theories retailed to the connection between way of life and societal, organizational, and leadership effectiveness. The GLOBE task changed considerably in indicating how cultures perceive effective and ineffective management, that's beneficial to leaders in facilitating intercultural interactions. The study discovered six global leadership behaviors, which were used within the have a look at to apprehend how the clusters perceived management.

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Complete Question:

A​ _______ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.

A.strategic alliance

B.joint venture

C.multidomestic corporation

D.global company

E.transnational organization

When a consumer has previous experience with a product or brand, it is likely the level of involvement would _______.a. decreaseb. become more complicatedc. increased. remain the same

Answers

The brand is considered to have negative brand equity if customers are willing to pay more for a generic product than for a branded one.

What does consumer decision-making process evaluation of alternatives entail?

In order to make decisions during the evaluation of options, consumers frequently use their evoke, inept, and insert sets. Consumers' "evoked set," or the brands and goods they contrast, is an illustration of the potential solutions they are taking into account.

In terms of decision-making, what is an alternative?

Among the options for action, an alternative is one. We cannot make a decision without options. A good option is one that is: (1) under our power, (2) notably different, (3) possibly alluring, and (4) attainable.

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a country that imports more goods than it exports experiences a multiple choice current account surplus. first-mover advantage. factor endowment. late-mover advantage. trade deficit.

Answers

A country experiences a trade balance, not really a current account surplus, when it imports so much goods than it exports.

An import example is what?

Any good that is produced abroad and afterwards brought into another nation is an import. For instance, if a Belgian business produces chocolate and sells it in the US, that would be considered an import from the American point of view.

What do goods import and export mean?

Offering services and goods to another country is the operation of exporting. The act of sourcing involves purchasing products from abroad as well as wishing to bring them into one's own country. Imported and exported goods are both a part of global trade.

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9. don likes to have lunch with his coworkers every day, and they usually take a longer lunch break than the company allows. what are don and his coworkers doing?

Answers

Don and his coworkers are likely engaging in unlawful behavior, as taking longer lunch breaks than the company allows is likely a violation of company policy.

The company's policy is to provide employees with a safe and supportive work environment. This includes ensuring that employees have access to proper training and resources, providing a fair and equitable work system, and creating a culture of respect and inclusion.

Additionally, the company is committed to providing a safe workplace by following safety regulations, offering appropriate protective equipment, and ensuring that employees are aware of safety protocols.

The company also ensures that employees are treated fairly and with respect, and that proper channels are in place to address any complaints or concerns. Depending on the company's policy and the severity of the violation, there may be legal consequences for Don and his coworkers.

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For many years, there have been limits set on the amount of sugar that foreign producers can sell in the U.S. market. This is mandated by a
Question 14 options:
net profit.
tariff rate quota system.
trade surplus.
subsidy agreement.

Answers

The U.S. government has implemented a tariff rate quota system to regulate the amount of sugar that can be imported from foreign producers. option (A) is correct.

This framework considers a specific measure of sugar to be imported at a lower tariff rate, while any imports past the share face higher levies. The motivation behind this framework is to safeguard homegrown sugar makers by restricting how much unfamiliar sugar that can enter the U.S. market and rival homegrown sugar.

The framework is expected to keep a steady homegrown sugar market and keep sugar costs from falling because of unfamiliar rivalry. The standard is generally set yearly and depends on a mind-boggling computation of homegrown sugar creation, utilization, and imports from different nations.

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This question is not complete, Here I am attaching the complete question:

For many years, there have been limits set on the amount of sugar that foreign producers can sell in the U.S. market. This is mandated by a

Question 14 options:

(A) net profit.

(B) tariff rate quota system.

(C) trade surplus.

(D) subsidy agreement.

Which one of the following is not involved in the two basic pleadings of a lawsuit? a complaint a default judgment an answer

Answers

A default judgment is not involved in the two basic pleadings of a lawsuit. So, the correct option is B.

In a lawsuit, the two basic pleadings are the complaint and the answer.

A complaint is a legal document filed by the plaintiff, which initiates a lawsuit by setting forth the allegations against the defendant. It outlines the plaintiff's claims and the legal theories supporting those claims.

An answer is a legal document filed by the defendant in response to the complaint. It admits or denies the allegations in the complaint and may also assert any legal defenses that the defendant may have.

A default judgment, on the other hand, is a judgment entered by a court against a party who has failed to plead or defend against a claim brought by another party. It is not a pleading, but rather a consequence of a party's failure to take action in the lawsuit.

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Complete question is:

Which one of the following is not involved in the two basic pleadings of a lawsuit?

A) a complaint

B) a default judgment

C) an answer

manufacturing overhead applied to production is always recorded on the

Answers

Manufacturing overhead applied to production is always recorded on the (1) side of the manufacturing overhead account.

What is a good example of factory overhead?

They are also known as "conversion costs" since they are expenses incurred to turn a raw material into a finished product. Rent, insurance, building and equipment upkeep, and property taxes are some other instances of manufacturing overhead expenses.

What is the formula for manufacturing overhead?

Overhead Formula for Manufacturing

You need to first determine what your company's production costs are. Once you've finished, tally them all up or multiply the overhead cost per unit by the quantity of units you produce. Divide your monthly sales by that amount to get a percentage, then multiply that result by 100.

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When a consumer has previous experience with a product or brand, it is likely the level of involvement would _______.
a. decrease
b. become more complicated
c. increase
d. remain the same

Answers

When a consumer has previous experience with a product or brand, it is likely the level of involvement would increase.

What degrees of customer involvement are there?

When it comes to making purchases, consumers can take part in the process to a high, moderate, or low degree. The level of participation is influenced by a wide range of variables, including psychological, environmental, and individual aspects. There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps. The level of participation represents the importance of the product or service to the consumer personally, his level of interest in using the product, and the amount of information he seeks out before making a decision. Consumer involvement in these purchases can be significant or low.

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abardeen corporation borrowed $97,000 from the bank on october 1, year 1. the note had an 8 percent annual rate of interest and matured on march 31, year 2. interest and principal were paid in cash on the maturity date. required a. what amount of cash did abardeen pay for interest in year 1? b. what amount of interest expense was recognized on the year 1 income statement? (do not round intermediate calculations. round your answer to the nearest dollar amount.) c. what amount of total liabilities was reported on the december 31, year 1, balance sheet? (do not round intermediate calculations. round your answer to the nearest dollar amount.) d. what total amount of cash was paid to the bank on march 31, year 2, for principal and interest? e. what amount of interest expense was reported on the year 2 income statement? (do not round intermediate calculations. round your answer to the nearest dollar amount.)

Answers

Abardeen Corporation borrowed $97,000 from a bank on October 1, Year 1, with an 8% annual rate of interest. The note matured on March 31, Year 2, and interest and principal were paid in cash on the maturity date.

(a) Abardeen paid $3,880 ($97,000 x 8% x 6/12) for interest in Year 1.

(b) The interest expense recognized on the Year 1 income statement was also $3,880.

(c) The total liabilities reported on the December 31, Year 1 balance sheet were $97,000 (the amount borrowed).

(d) A total of $100,440 ($97,000 + $3,880) was paid to the bank on March 31, Year 2, for principal and interest.

(e) The interest expense reported on the Year 2 income statement was $3,880 (the same as in Year 1).

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a. how did milton friedman alter the consensus that had developed in the aftermath of the great depression on how the economy should be managed?

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Milton Friedman was a famous economist and public figure around the 20th century. He was a supporter of the free market around the world particularly in the United States of America.

Milton Friedman alter the consensus that had developed in the aftermath of the great depression by supporting the idea of the free market and less government intervention in the market controlling system. His idea was against the basic notion of greater control of the government in the market and deciding the price of goods.

One of its key contributions of Milton was the concept that inflation is mainly a monetary phenomenon and it can be controlled by managing the money supply in the market. In summary, Friedman's idea of controlling inflation and reducing government intervention was to contrast the consensus that had developed in the aftermath of the great depression.

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if joel earns a 9 percent after-tax rate of return, $29,000 received in two years is worth how much today? use exhibit 3.1. note: round discount factor(s) to three decimal places.

Answers

Next Value met in 2 years is $29,000 dividing it sum Now: Real Value = Next Value/(1 + r), & r ≈ At Tax Rate on Tax = 9% Value = $29,000/(1+0.09) & of days. 2 Cost still = $29000*0.842 Rate till Up Now: $24,418

What is the tax rate at this time?

The state tax rate was 7.25%. Local governments in the majority of Californian regions have implemented district taxes, which raise the amount of tax that a seller must pay. The district's tax rates range form 0.10% to 1.00%. Several district taxes could be active in some places.

How do you figure out the tax rate?

Divide your tax expense by profits (or income earned) after taxes to find the effective tax rate in the simplest way possible. On an income statement, tax expense is typically listed last before the bottom line, or net income.

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which of the following statements regarding an option prior to expiration is correct? the maximum value of: a) a european put is equal to the maximum value of an american put. b) a european put is less than the maximum value of an american put. c) an american call is less than the maximum value of a european call. d) all of the above are correct.

Answers

The correct option is (b): a European put is less than the maximum value of an American put.  An option is a contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price, known as the strike price.

There are two types of options: American and European. American options can be exercised at any time before expiration, while European options can only be exercised on the expiration date. For a put option, the maximum value is the difference between the strike price and the underlying asset price, or zero if the underlying asset price is higher than the strike price. The maximum value of an American put option is the greater of the maximum value of a European put option and the intrinsic value of the option at any point in time. The intrinsic value of a put option is the difference between the strike price and the underlying asset price if the underlying asset price is below the strike price, or zero otherwise. Since an American put option can be exercised early, it has more value than a European put option because it gives the holder the option to sell the underlying asset at a higher price before the expiration date if the underlying asset price drops. Therefore, the maximum value of a European put option is less than the maximum value of an American put option. For a call option, the maximum value is the difference between the underlying asset price and the strike price, or zero if the underlying asset price is lower than the strike price. The maximum value of an American call option is the greater of the maximum value of a European call option and the intrinsic value of the option at any point in time. Since a call option gives the holder the right to buy the underlying asset at a lower price, there is no benefit to early exercise, and the maximum value of an American call option is equal to the maximum value of a European call option.

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location a has a fixed cost of $400,000 and a variable cost of $13.50 per unit. location b has a fixed cost of $650,000 and a variable cost of $12 per unit. what is the break-even quantity? a. 166,667 units b. 256,000 units c. 122,648 units d. 192,626 uni

Answers

The break-even quantity is a.166,667 units for location a and location b.

The contribution margin (revenue per unit minus variable cost per unit) is equal to zero at the break-even point.

To find the break-even quantity, we need to determine the number of units that must be sold in order for the total revenue to equal the total cost.

To find the break-even quantity, we need to determine the point where the total cost equals total revenue. This occurs when:

Total Cost = Total Revenue

Total Cost = Fixed Cost + (Variable Cost per unit x Quantity)

Total Revenue = Price per unit x Quantity

Let x be the break-even quantity, then we have:

For location a:
Total Cost = 400,000 + 13.5x
Total Revenue = xP

For location b:
Total Cost = 650,000 + 12x
Total Revenue = xP

Setting the total cost equal to the total revenue, we get:

For location a:
400,000 + 13.5x = xP

For location b:
650,000 + 12x = xP

We need to solve for x, so we can equate the two equations:

400,000 + 13.5x = 650,000 + 12x

Simplifying, we get:

1.5x = 250,000

x = 250,000 / 1.5

x = 166,667

Therefore, the break-even quantity is 166,667 units for location a and location b.

If the revenue per unit is higher than the variable cost per unit, the break-even quantity will be lower, and if the revenue per unit is lower than the variable cost per unit, the break-even quantity will be higher.

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what is the purpose of flowcharting in a typical information technology business? to communicate between the business side of a company and the it side to help only the technical side of the company to help only the business side of the company flowcharts are not used in an information technology business none of the above

Answers

The purpose of flowchart in a typical Information Technology business is to communicate between the business side of a company and the IT side. The correct option is a.

What is a flowchart?

A flowchart is a type of diagram that represents a workflow or process. A flowchart can also be defined as a diagrammatic representation of an algorithm, a step-by-step approach to solving a task. The flowchart shows the steps as boxes of various kinds, and their order by connecting the boxes with arrows. This diagrammatic representation illustrates a solution model to a given problem.

Flowcharts are used in analyzing, designing, documenting or managing a process or program in various fields.

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what going-in cap rate should be indicated from recently sold properties that are comparable to apartment arms

Answers

The entry cap rate should be quoted from recently sold properties that are comparable to condos, looking at the net operating income (NOI) of the properties.

NOI is the amount of income generated by a property after all operating expenses are paid. To calculate the cap rate, divide the NOI by the sale price of the property. The cap rate is usually expressed as a percentage. The limit rate for comparable properties should be used as a reference value for the analyzed property. This will give a good idea of ​​what the property's expected rate of return should be. The higher the cap rate, the higher the expected return and vice versa.

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What is the best explanation as to why both consumers and producers perform cellular respiration?

Answers

Cellular respiration is an important metabolic process for both consumers and producers.

Consumers use cellular respiration to break down organic molecules into energy-rich molecules, such as ATP, which they use to power their cells. Producers use cellular respiration to convert energy from the sun into energy-rich molecules, such as ATP, through a process known as photosynthesis.

This energy can then be used to power the cells of the producer. In this way, both consumers and producers are able to make use of the energy stored in organic molecules to power their cells.

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Classify the market research means to their respective sources of market research.
interview
survey
magazine
websites
trade associations
PRIMARY SOURCE

SECONDARY SOURCE

Answers

Here's how I would classify the market research means according to their respective sources of market research:

Primary Sources:

InterviewsSurveys

Secondary Sources:

MagazinesWebsitesTrade associationsWhat is classification of  market research about?

Interviews and surveys are considered primary sources of market research because they provide direct information gathered through direct communication with the target audience.

On the other hand, magazines, websites, and trade associations are considered secondary sources of market research because they provide information that has already been published and is not based on direct communication with the target audience.

Therefore,  these secondary sources are often used to supplement primary research and provide a broader understanding of the market.

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project 7 is a gourmet gum and mint brand that donates to seven areas of need with every product purchased. founder, tyler merrick, decided to make and sell everyday products that people already purchase, but use those purchases to help solve everyday problems around the globe. project 7 purchases help provide malaria medications, clean drinking water, meals to those in poverty, anti-bullying programs, and other charitable efforts. tyler merrick's beliefs are based on:

Answers

1. The influence of routine purchases: According to Tyler Merrick, every purchase we make has the potential to improve the world. Customers can contribute a little amount to the world's problems.

2. Giving back to those in need: Project 7's creator is committed to helping those who are in need both locally and internationally.

3. Project 7 is assisting in solving some of the most important issues facing the globe and improving the quality of life for all people by harnessing the power of consumerism for good.

4. Making a difference with modest deeds: Tyler Merrick is aware that modest deeds may have a significant impact and wants to inspire others to follow suit. Customers may help the world become a better place and address global issues one purchase at a time by purchasing Project 7 products.

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bob bounce has two job offers: one as an accountant and one as a semi-pro basketball player. he would accept either job for $50,000 annually. due to his basketball skills, he is offered $500,000 as a basketball player. the $450,000 difference is called

Answers

He receives a $500,000 offer to play basketball as a result of his basketball prowess. Economic rent refers to the $450,000 discrepancy.

Is accounting a rewarding profession?

It is a dependable and expanding industry. Almost every business need the services of an accountant or an outside accounting firm, as well as the typical person occasionally has to engage an accountant.

Is becoming an accountant stressful?

Yes, accounting may be stressful. Because accountants often have a four-month timeframe to complete the process, assisting customers with filing their tax forms can be challenging. A large company's financial management can be challenging since even the smallest error could have disastrous consequences.

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jing is considering whether to take a job placement in los angeles, california or mobile, alabama. before deciding, she is interested in understanding the cost-of-living differences between both places. jing will consult a cost of living comparison calculator to inform her decision. question 6 options: true false

Answers

True. Jing is making a decision that could be influenced by the cost-of-living differences between two locations, and consulting a cost of living comparison calculator is a reasonable way to inform that decision.

What role does cost accounting play in making decisions?

Data for periodic income statements and balance sheets, as well as real numbers to compare with predictions for various periods, are provided by cost accounting. Business managers who analyse this data are better able to make decisions.

What part does cost theory play in corporate decisions?

Cost considerations are crucial while making company decisions. Pricing starts with the cost of manufacture. It assists managers in making wise decisions on things like how much to charge, whether to place a specific order for inputs or not, whether to drop or add a product to the current product lineup, and more.

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the practice of businesses paying bloggers to write positive comments about the business is called ______.

Answers

The practice of businesses paying bloggers to write positive comments about the business is called  Paid endorsement or sponsored content.

What is the businesses ?

Businesses are organizations formed for the purpose of generating revenue through the provision of goods and services. Businesses can range from small, sole proprietorship operations to large, multinational corporations. The primary goal of any business is to turn a profit by providing goods and services to customers in exchange for money. Businesses come in all shapes and sizes, and each business has its own unique purpose and goals. Businesses may focus on creating new products or services, providing existing products or services, or both.

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in developing leadership skills, one should focus on authentic leadership. the theory of authentic leadership focuses on various factors. what is the top priority in development of authentic leadership?

Answers

In developing leadership skills, one should focus on authentic leadership. the theory of authentic leadership focuses on various factors. Honest relationships  is the top priority in development of authentic leadership .

What authentic leadership means?

When people operate in a real, sincere, and sincere manner that is true to who they are as individuals, it is referred to as authentic leadership. Those who advocate for real leadership claim that this kind of leadership is best suited to encourage employees to show loyalty, trust, and good performance.

Why is true leadership so crucial? What is it?

When a leader's actions and words, regardless of the circumstance, demonstrate a distinct and constant set of values, that is authentic leadership.

                                  When change and transition are present, when collaboration, participation, and trust are crucial, this leadership style is especially advantageous.

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the primary objective of financial reporting is to provide information: multiple choice 1 about a firm's management team. useful to capital providers. concerning the changes in financial position resulting from the income-producing efforts of the entity. about a firm's financing and investing activities.

Answers

Option B. Useful to capital providers. The primary objective of financial reporting is to provide useful information to capital providers.

This includes investors, creditors, and other stakeholders who rely on financial statements to make informed decisions about the allocation of their resources. The information provided through financial reporting includes a firm's financial position, performance, and changes in financial position resulting from its income-producing activities, financing, and investing activities. Financial reporting is necessary to ensure transparency, accountability, and good governance, and it helps to promote efficient capital markets. Therefore, financial reporting must be reliable, relevant, comparable, and understandable to be of value to capital providers.

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Complete question:

The primary objective of financial reporting is to provide information:

A. about a firm's management team

B. useful to capital providers

C. concerning the changes in financial position resulting from the income-producing efforts of the entity

D. about a firm's financing and investing activities.

which scenario is an example of loyalty to a company in a consumer's daily life? multiple choice question. continuing to shop at dunkin' donuts even if starbucks opens more convenient locations and offers slightly lower prices buying a pepsi product from the campus vending machine because pepsi is the only vendor allowed on campus getting a haircut from the one barber in town who has an appointment available this afternoon ordering from pizza hut because there is a coupon in the mail offering a significant discount

Answers

The scenario that is an example of loyalty to a company in a consumer's daily life is continuing to shop at Dunkin' Donuts even if Starbucks opens more convenient locations and offers slightly lower prices.

Loyalty to a company means that the consumer consistently chooses to do business with a particular company over its competitors. In this scenario, the customer is demonstrating loyalty to Dunkin' Donuts by continuing to patronize the business even if Starbucks is more conveniently located and offers lower prices. This shows a preference for Dunkin' Donuts as a brand, and a willingness to prioritize that brand over lower prices or convenience.

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voltanis corporation has preferred stock outstanding that will pay an annual dividend of $3.87 every year in perpetuity. if the stock currently sells for $98.65 per share, what is the required return?

Answers

Voltanis Corp. has preferred stock outstanding that will pay an annual dividend of $2.85 every year in perpetuity. If the stock currently sells for $92.87 per share, 3.07% is the required return.

R = $2.85/$92.87

= .0307,

or 3.07%

The necessary return on a stock is the expected rate of return on a financial asset or a stock. This interest rate is equal to the interest rate at which the cashflows from the stock would be discounted to the current price.

The dividend per share (DPS) is usually indicated as a percentage of the par value or as a fixed sum. In this scenario, we're considering the most basic type of preferred stock, with no convertibility or callable characteristics.

The value of preferred stock is equal to the present value (PV) of its monthly dividends (i.e. the cash flows to preferred shareholders), multiplied by a discount rate.

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he strategy in which marketers change a brand's focus to target new markets, or realign the brand with changing market preferences, is know

Answers

The strategy in which marketers change a brand's focus to target new markets, or realign the brand with changing market preferences, is known as brand repositioning. Brand repositioning involves changing the perception of a brand in the minds of customers by focusing on different features and benefits, making changes to product packaging or advertising campaigns, or changing pricing strategies. This can be done to reach new markets, respond to changing consumer preferences, or to compete more effectively with other brands.

if foreign interest rates fall, foreign firms and governments would likely reduce their demand for u.s. funds. a. true b. false

Answers

If foreign interest rates fall, foreign firms and governments would likely reduce their demand for US funds - (True)

What is foreign interest rates?

It is frequently argued that circumstances in other countries have an impact on many economies. The relationship between interest rates in the major industrialised nations and annual real output growth in other nations is examined in this essay.

The findings demonstrate that high foreign interest rates have a contractionary impact on domestic real GDP growth, but that this impact is concentrated in nations with fixed exchange rates. The following section of the essay looks at the various ways that major countries' interest rates might influence other economies.

When compared to other potential channels, such as a trade effect, the impact of foreign interest rates on domestic interest rates is the one that is most likely to occur.

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The majority of products and services are likely to satisfy:_________

Answers

They will likely satisfy both personal and functional needs.

What is a good product?

A good product accomplishes two things: first, a business cannot thrive or live without generating revenue, and second, generating value is a prerequisite for generating revenue.

Describe a product.

Anything that may be sold to a market to fulfill a consumer's need or desire is a product. An object, method, or service that is made available for customer use in response to consumer demand is referred to as a product in marketing. Products, also known as goods in the retail industry, are bought as raw resources in the manufacturing industry and then sold as finished commodities.

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