As production increases, the fixed cost per unit: (a) decreases
The fixed cost per unit decreases as a company increases production. By distributing a fixed value over a higher number of units produced, the fixed cost per unit should be reduced.
A Microeconomic Analysis of Production published by FAO explains that the greater the volume of production, the greater the subdivision of the production process; this leads to increased efficiency and reduced costs as a direct consequence.
It is also necessary to explain the difference between the fixed cost per unit of the fixed cost. Fixed costs are those that the company must necessarily incur at the beginning of its production operations. They are independent of the medium- or short-term production level (executive salaries, rent, interest, insurance, etc.)
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which of the following is a disadvantage of the departmental overhead rate method? multiple choice the departmental overhead rate method assigns overhead on the basis of volume-related measures. the departmental overhead rate method is more refined than the plantwide overhead rate method. the departmental overhead rate method does not assign overhead on the basis of volume-related measures. the departmental overhead rate method is simpler and less costly to implement than the plantwide rate method. there are no disadvantages of the departmental overhead rate method.
Many overhead costs that are not driven by production volume may be incorrectly assigned. When each is in charge of multiple products with varying labour and machine hours, the departmental overhead rate will skew.
This is more likely to happen in large departments. This also adds redundancy because each department must measure and calculate its own rate. Advantages: More precise allocation of overhead costs. Controlling overhead costs more effectively. Concentrate on important factors. This method makes production when overhead resources are consumed in significantly different ways by various products across multiple departments. The departmental overhead rate is an expense rate calculated for each department in the manufacturing process of a factory.
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What is the best definition of profit profit is the possible income from producing an additional item?.
Correct answer is D)Profit is the financial gain from business activity minus expenses.
What is Profit?The cost of making one more unit of a good is called the cost of profit. Profit is the extra income generated by the sale of an additional good. Profit is the difference between an organization's financial gain and its outgoing costs.The term "profit" is frequently used to denote the monetary benefit that a business experiences when its income exceeds its costs and expenses. A young person at a lemonade stand, for instance, pays a quarter to make one cup of lemonade. She then asks $2.00 for the beverage. The lemonade she sold for $1.75 gave her a profit.Hence the best definition of profit is Profit is the financial gain from business activity minus expenses.
The complete question is:
What is the best definition of profit?
A. Profit is the possible income from producing an additional item.
B. Profit is the price of producing one additional unit of a good.
C. Profit is the additional income gained from selling an additional good.
D. Profit is the financial gain from business activity minus expenses.
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at the beginning of year 1, copeland drugstore purchased a new computer system for $250,000. it is expected to have a five-year life and a $40,000 salvage value. required compute the depreciation for each of the five years, assuming that the company uses (1) straight-line depreciation. (2) double-declining-balance depreciation. record the purchase of the computer system and the depreciation expense for the first year under straight-line and double-declining-balance methods in a financial statements model.
The Depreciation Straight Line Expense is $ 42,000
What is Straight line depreciation?The simplest method for calculating depreciation over time is straight-line depreciation. This method deducts the same amount of depreciation from the value of an asset for each year of its useful life.Depreciation Cost - Salvage Value / Useful Life = Straight Line Method
Here,
Straight Line Method of Depreciation= ($250,000- $40,000)/5
Straight Line Method of Depreciation= 210,000/5= $42,000
Because it is straight line depreciation, the depreciation expense will be the same each year. It will remain unchanged and thus will be $42,000.
Straight Line Rate= 100%/ useful Life= 100%/5 = 20%
Double Declining Method = 2 * Straight Line Rate
Double Declining Method = 2 * Straight Line Rate= 2*20%= 40%
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if it takes a supplier four days to deliver an order once it has been placed and the standard deviation of daily demand is 10, which of the following is the standard deviation of usage during lead time?
Based on the information given the standard deviation of usage during lead time is 20.
Using this formula
Standard deviation=√Variances of lead time number of days of lead time
Let plug in the formula
Standard deviation=√4 days(10x10)
Standard deviation=√4 days(20)
Standard deviation= √400
Standard deviation=20
In conclusion, the standard deviation of usage during lead time is 20.
A Standard deviation (or σ) is a degree of ways dispersed the data is with regards to the mean. Low general deviation means records are clustered across the suggest, and high trendy deviation indicates information are greater spread out.
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24.3. describe three real-life situations in which the customer and the end user are the same. describe three situations in which they are different.
The customer and the end user are the same in three different real-world scenarios: component software, CAD software, and content management systems (CMS).
What is content management?Information can be collected, managed, and published using any form or medium thanks to a set of procedures and technology called content management (CM). This data may be more properly known as digital content, or simply as content, when it is saved and retrieved by computers. By mission and corporate governance structure, content management strategies and objectives differ. The use of content management varies among news companies, e-commerce sites, and educational institutions. As a result, there are variations in terminology, process names, and the number of steps involved. Creation, maintenance, and application of review criteria are additional key components of content management. Each participant in the content production and review process has a specific function to play and a set of duties to fulfill in the creation or publication of content.
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Brooks Company issues 10, $2,000 face value, 10% bonds at 102.5. The journal entry includes which of the following? a debit to Cash for $20,500
The journal entry to record the issuance of bonds will be debit to cash for $20,500, considering all factors given.
Calculation:
Face value of bonds = $2,000
Issue price = $102.5
No. of bonds issued = 10
Price at which bonds were issued = $2,000*10*102.5% = $20,500
In order to document a business transaction in the financial records of the company, a journal entry is employed. A journal entry is typically made in the general ledger, but it can also be made in a special account and subsequently carried toward the ledger accounts after being summarized. After then, its ledger is utilized to produce the business's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry. For instance, when you make a cash sale, the income account as well as the cash account are both increased. Alternatively, if you purchase items on credit, this raises both payables and inventory accounts.
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explain why a coffee bean producer would prefer to operate in an imperfectly competitive market rather than a perfectly competitive market
coffee bean producers would prefer to operate in an imperfectly competitive market because it reflects the real world more realistically. An imperfect labor market is the opposite of a perfectly competitive labor market.
A labor market with imperfect competition is considerably different from one with perfect competition. In a labor market that is completely competitive, there are numerous businesses that offer comparable or identical positions. Similar skills are shared by workers in this labor market. Firms pay their employees based on the equilibrium wage because they are wage takers.
There are numerous instances of labor markets that are flawed. These flaws are what lead to wage determination in the job market by either the employers or the employees. Let's focus on three of these flaws: monopolistic power, labor unions, and insufficient data.
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The purpose of property insurance is to protect policyholders against losses to their ________________________ property due to catastrophe and calamity.
The purpose of property insurance is to protect policyholders against losses to their personal property due to catastrophe and calamity.
What is insurance?Insurance can be defined as the coverage that help to cover insurance policy holder incase of unforeseen or unexpected circumstance such as theft , fire ,accident among others,
One of the advantage of property insurance coverage is that it help to protects real as well as personal property from any form of unforeseen events such as theft, fire etc.
Therefore the word that complete the statement is personal.
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what are two questions a firm should ask of itself as trade barriers fall and they develop global markets?
The two questions that a firm should ask of itself as trade barriers fall and they develop global markets are:
What is the threat to us as the barrier falls?What is the opportunity for us as the barrier increases?What are trade barriers?Trade barriers are limits on international trade imposed by the government. Trade barriers, according to the principle of comparative advantage, are harmful to the global economy and reduce overall economic efficiency.
Trade barriers can block free trade, benefit affluent nations, limit product variety, raise prices, reduce net income, reduce employment, and diminish economic production.
Subsidies, anti-dumping levies, regulatory barriers, and voluntary export limitations are the four major forms of trade obstacles. Trade barriers are frequently erected to safeguard domestic businesses and workers. This is known as protectionism. Tariffs, quotas, and embargoes, for example, make imported goods more expensive and scarce.
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June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20 per unit. During the current month, the company purchased 480 units at $20 each. Sales during the month totaled 360 units for $43 each. What is the number of units in the ending inventory?
a. 80 units.
b. 120 units.
c. 200 units.
d. 560 units.c. 200 units.
200 number of units in the ending inventory.
What is meant of inventory?Inventory refers to all of the things, goods, commerce, and materials held by a company for the purpose of reselling in the market for a profit. For instance, if a newspaper seller uses a truck to deliver newspapers to consumers, just the newspaper is considered inventory.Inventory includes both raw materials required to manufacture items and finished goods for sale. On a company's balance sheet, it is categorised as a current asset.Raw materials and components, work in progress, completed items, and maintenance, repair, and operational supplies are the four basic forms of inventory.Given :
The beginning inventory consisted of 80 units that cost $20 per unit.
the company purchased 480 units at $20 each.
total = 480 +80 = 560
sale = 360 unit
the number of units in the ending inventory =560-360 =200
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private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. the essential feature of capitalism is the motive to make a profit.
According to a popular understanding, capitalism is an economic system in which individual actors own and control property according to their interests and where supply and demand freely set market prices in a way that benefits society.
What is capitalism?According to a popular understanding, capitalism is an economic system in which individual actors own and control property according to their interests and where supply and demand freely set market prices in a way that benefits society.
The essential quality of capitalism is the desire to make a profit.
We expect our meal not from the benevolence of the butcher, the brewer, or the baker, but from their respect to their own benefit, according to Adam Smith, the philosopher and father of modern economics. Each party has a stake in the outcome of a voluntary exchange transaction, yet neither can get what they want without taking the interests of the other party into account.
Hence, According to a popular understanding, capitalism is an economic system in which individual actors own and control property according to their interests and where supply and demand freely set market prices in a way that benefits society.
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what is the most commonly employed monetary tool of all federal reserve board actions and is performed almost daily in an effort to control the money supply?
Open market operations are the most often employed monetary policy tool in the United States. When the central bank engages in open market operations to affect the amount of bank reserves and the level of interest rates, it sells or buys U.S.
Treasury bonds. The Fed's primary instrument is the fed funds rate, which is the most well-known. Amount market operations known as quantitative easing (QE) involve the buying of long-term bonds, which lowers long-term interest rates as a result. The Federal Reserve's preferred method for implementing monetary policy is open-market operations since they are simple to carry out. Interest rates increase when bond prices decrease.
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TRUE/FALSE suppose a student who was participating in this study set a goal of getting an a in a class. for this student, midterm grades would providefeedback .
Consider a participant in this study who set the objective of receiving an A in a class. Midterm results for this student would be useful.
What do Mariano's study's findings demonstrate? The GPAs of students who get goal-setting instruction see an increase.Power sharing and the transfer of authority to subordinates within an organization are both examples of empowerment.Set a deadline for customers to place orders for each season's goods, and then provide them with daily updates on the amount of the upcoming season's goods that have been purchased.The two main parts of the equity theory are inputs and outcomes. These two aspects can affect a team member's motivation levels depending on how they see them.A person's perception of satisfaction with an activity might be diminished by external benefits. Increased long-term productivity is ensured by providing individuals with consistent rewards for desired workplace habits.Giving others the opportunity to grow and feel important to the organization through delegation of authority. By fostering a sense of shared responsibility, it also promotes job satisfaction and breaks up the monotony of a subordinate's typical tasks and routine.To lean more about Midterm results refer to
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TRUE/FALSE a company with fewer than 50 employees does not have to offer family leave, medical leave, or health insurance.
It is true that a company with fewer than fifty employees is not required to provide health insurance, family leave, or medical leave.
How important is the number of employees?
Yes. The number of employees you have often determines which laws apply to you as an employer. How you count employees is also important.
In Japan, how much does health insurance cost?
Workers on a full-time contract who work more than 30 hours per week have their health insurance taken out of their paychecks. It will amount to 9.15 percent of your salary when combined with your pension payment. A person earning 300,000 yen per month, for instance, will see a deduction of 27,450 yen.
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frances mcclurg favors the roth ira over the traditional ira. what advantage does the roth provide over the traditional ira?
Frances McClurg favors the Roth IRA over the Traditional IRA. Frances has an advantage of the Roth IRA over the Traditional IRA as she can avoid income tax during withdrawal.
The Individual Retirement Account (IRA) is useful for self-employed people with no company retirement plan. They can save for their retirement as well as taxes. IRA has two types that are Roth IRA and Traditional IRA. Traditional IRAs are Federal and state tax-deductible which makes the distributions or withdrawals taxable during the time of retirement. It restricts and controls access to funds at the time of retirement.
Roth IRAs have conditions for eligibility in income as it is tax-free when people contribute to it. During the time of retirement, the withdrawal or distribution to the people availing Roth IRA is tax-free. Therefore, Frances has the benefit of tax-free withdrawal during retirement.
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based on the advantages and disadvantages of each of the following forms of businesses, give an example of a business that would be best suited to that particular form. be sure to explain why that is the best option for the particular business.
A corporation, a partnership, and a solo proprietorship are the three main types of business ownership. Each of these business organization types has benefits and drawbacks related to establishing the firm, paying taxes, and determining culpability for company obligations.
What is the sole proprietorship?
A sole proprietor is an individual who runs an unincorporated business by themselves.
You are not a sole proprietor, however, if you want to treat your domestic limited liability company (LLC) as a corporation and you are its sole member.
What distinguishes an LLC from a sole proprietor?
An LLC is distinct from its members, who act as its owners. Members are not personally liable for the obligations and liabilities of the company, nevertheless.
The LLC is accountable in its place. A sole proprietorship is a single person-owned, unincorporated company.
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On april 1, 2022, aggie company borrowed $120,000 on a bank note for 7 months. The bank discounted the note at 4%. The entry to record the payment of this note on october 31, 2022 would include a?.
Answer:
8400$
Explanation:
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For most commercial property types, lease lengths can vary considerably. Therefore, both parties must tradeoff between the advantages and disadvantages associated with particular leasing terms. Owners may prefer longer leases for all of the following reasons EXCEPT:
A. Delay of re-leasing costs
B. Reduction of risk associated with declining interest rates
C. Gain flexibility
D. Stability of future cash flowsC. Gain flexibility
Owners may prefer longer leases for the reason of Gain flexibility.
Lease.
Lease refers the agreement whereby the lessor conveys to the lessee in return for. a payment or series of payments the right to use an asset for an agreed period of time.
Given,
For most commercial property types, lease lengths can vary considerably. Therefore, both parties must tradeoff between the advantages and disadvantages associated with particular leasing terms.
Here we need to find the reason for the owners may prefer longer leases.
While we looking into the given question we have identified that, for the commercial property type, the length of lease must be vary.
So, in order to gain the flexibility, the owner prefers the long lease time.
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in developed economies with developed capital markets, firms that pursue extremely high or extremely low levels of diversification perform better than those that pursue moderate levels of diversification.
In developed economies with developed capital markets, firms that pursue extremely high or extremely low levels of diversification perform better than those that pursue moderate levels of diversification. FALSE.
A capital market is a monetary market in which long-term debt or fairness-subsidized securities are sold and offered, in comparison to a money marketplace in which quick-time period debt is offered and sold.
Capital markets are monetary markets that bring consumers and dealers collectively to trade stocks, bonds, currencies, and different monetary property. Capital markets consist of the inventory market and the bond market.
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Lenci Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,170 units, but its actual level of activity was 5,120 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Data used in budgeting:
Actual results $50,405 Flexible budget [$42,000 + ($1.80 × 5,100)] 51,180 Spending variance $775. The variance is favourable because the actual expense was lower than the flexible budget (F).
A budget is in fact a plan for calculations, usually financial but not always for a set period of time, usually a year or a month. A budget could include predicted quantities of sales and revenue, resources (such as time, costs, as well as expenses), environmental impacts (like greenhouse gas emissions), both these impacts, assets, liabilities, as well as cash flows. Businesses, governments, families, and other organisations can express one‘s strategic plans of action through budgets in a quantifiable manner. A budget lists intended expenses as well as ideas for how to pay for them. When expenses outweigh income and other resources, a budget may show an excess of resources that can be put to use later or a deficit.
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which type of consumer product is purchased infrequently and takes an extensive amount of time to make the purchase decision?
Purchase infrequently and takes an extensive amount of time to make the purchase.The word “speciality” should be substituted in its place. A customer wouldn’t accept a substitute for a specialised product.
Customers would actively seek out these products because of their distinctive features or the brand name itself. Consumer products are goods that satisfy the wants or needs of a consumer.There may be both affordable and useful as well as expensive and hardly purchased options.Consumer goods are finished things that are offered for sale to consumers.The qualities of products that a potential consumer may not initially want, such as very few purchases and limited distribution, make knowledge crucial. This category of consumer goods is unwelcome.Unwanted products are those that consumers do not know about or generally do not consider buying, and whose purchases are motivated by risk aversion or lack of desire.Reference books, encyclopaedias.
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According to Lewin and Schein's 3-stage model of organizational change, which of the following tasks would be found in the 'unfreezing' stage? a. Monitor progress against success criteria; b. Establish controls to ensure change is occurring; c. Establish processes and systems to institutionalize change; d. Assign leaders and implementation team
The task that would be found in the "unfreezing" stage, according to Lewin and Schein's 3-stage model of organizational change is, Assign leaders and implementation team. Correct answer: letter D.
This is because, Assigning leaders and implementation team is a task that would be necessary in order to unfreeze an organization from its current state.
What is Lewin and Schei's 3-stage model of organizational change?The three-stage model of organizational change was first proposed by Kurt Lewin in the 1940s and later expanded upon by Erik Schein. The model posits that organizational change occurs in three distinct phases:
In the unfreezing phase, individuals are made aware of the need for change and begin to let go of old ways of doing things. In the changing phase, new behaviors and ways of thinking are learned and adopted. In the refreezing phase, the new behaviors and ways of thinking become the new norm and are stabilized.Learn more about model of organizational change:
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which of the following is the best definition of a business model? group of answer choices a program or calculation that estimates the value the company generates based on a set of inputs a short narrative that tells the story of the organization, including why it was founded a map of the activities of the organization the rationale of how an organization creates, delivers, and captures value. next
'The rationale of how an organization creates, delivers, and captures value' is the best definition of a business model. Hence, the correct choice is D.
The term business model refers to an organization's plan for making a profit. The business model finds the services or products the business plans to sell, its identified target market, and any anticipated expenses. Business models are vital for both established and new businesses. Such as business models help new, developing organizations, recruit talent, attract investment, and motivate management and staff. Business models help established businesses to regularly update their existing business model in order to anticipate trends and challenges ahead.
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suppose the fed doubles the growth rate of the quantity of money in the economy. in the long run, the increase in money growth will change which of the following? check all that apply. the quantity of physical capital the size of the labor force the inflation rate the price level
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change both the inflation rate (C) and the price level (D).
To understand this case, we will look further to the Quantity Theory of Money. The quantity theory of money states that an increase in the money supply will result in the same increase in inflation. This theory defines the relationship between money, output and prices that are related to inflation.
By increasing the quantity of money supply, the amount of money in an economy will raise and allows people to increase their nominal spending. Nominal spending is referred to a transaction activity carried out using money.
With more money provided, people would like to spend more and buy more products. However, the labor force and level of capital remain the same and make it impossible to provide more products as the market wants. Hence, people would be willing to buy the limited products with higher price.
This condition will push the market equilibrium into a new position with higher prices. In the long-run, this condition will lead into an inflation which resulted in a higher inflation rate for the economy.
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what is not a variable in boundary conditions? underlying stock price at expiration exercise price time to maturity underlying stock price at time
Underlying stock price at expiration is not a variable in boundary conditions.
What is the variable in boundary conditions?
A boundary value problem in mathematics is a differential equation that also includes an additional set of restrictions known as boundary conditions. A differential equation solution that also fulfills the boundary conditions is a solution to a boundary value problem.
Determining input variable values at their minimum, just above minimum, just below minimum, nominal value, just below maximum, maximum, and just above maximum is the primary notion behind boundary value testing. Each variable in a programming language has a size, range, and data type. The "boundaries" of the variables are the places at which these ranges finish.
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the pay for employees on the grx line at globisys is not based on the actual amount of time it takes them to complete a job. rather, they are paid based on a predetermined amount of time for completing the job. these employees are working under the group of answer choices completion pay system. standard hour plan. time division plan. piece rate plan.
These employees are working under the piece rate plan
A company that wants to pay its employees depending on the quantity of production units they finish can utilise a piece rate pay plan. Assuming that all created commodities are sold right away, this type of pay plan transforms compensation into a cost that directly varies with sales. The financial statements' relationship between sales made and piece rate labour charges incurred is less accurate if goods are instead temporarily held in inventory before being sold.
In some industries, piece rate compensation may not be feasible, and other businesses may not think it is desirable to make the additional effort necessary to compute an employee's salary. A piece rate contract is a sort of employment arrangement in which a worker's pay is depending on how well they perform.
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his activity is important because it demonstrates an understanding of the three different retail distribution strategies.
The three retail distribution strategies are intensive distribution, selective distribution, and exclusive distribution that specify how manufacturers want their products distributed in the market.
What is a distribution strategy?A distribution strategy is a method of getting goods or services from manufacturers to end users. It involves a variety of parties depending on the type of retail distribution and other business elements such as business sizes and types.Distribution decisions must be made in accordance with a company's overall strategic vision and mission. Creating a consistent distribution strategy is a critical component of strategic planning. At the strategic level, there are three broad distribution approaches: mass, selective, and exclusive distribution. The number and type of intermediaries chosen are heavily influenced by the strategic approach. The distribution channel as a whole should add value to the consumer.To learn more about distribution strategies refer :
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a producer of organic tea creates a group to make purchase decisions that is made up of people from the purchasing department, senior management with financial knowledge, and salespeople
The Cutting costs is the main pressure that purchasing professionals feel from internal customers—especially senior management—when making purchasing decisions.
When someone inside or outside the company identifies a?The business market purchase decision process is triggered when someone inside or outside the company identifies a need. Although the Internet has reshaped the way businesses and consumers interact, it has not been successful in B2B customer interfacesWith a consumers' wants and resources (financial ability), they demand products and services with benefits that add up to the most value and satisfaction. The four types of value include: functional value, monetary value, social value, and psychological value.Based on the information given in the question, the purchasing manager is a buyer, influencer, gatekeeper, and decider.The gatekeeper is a person who blocks the way between an individual and the decision maker in an organisation. This can be seen as he looks through books with samples and specifications and then calls salespeople to make presentations to the production manager.The purchasing manager is also the decider as he makes the decision in the buying process for the organization. He's also the buyer and the influencer. Therefore, the correct option is All of the above.To learn more about purchase decisions refer to:
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MATI Energy, the company profiled in the opening feature of Chapter 13, sells energy drinks based on guayusa, a Latin American plant. With respect to growth, ________ is the hallmark of MATI.
A) circumspection
B) aggression
C) self-imposed limitation
D) externally imposed limitation
E) tenacity
MATI Energy, the company profiled in the opening feature of Chapter 13, sells energy drinks based on guayusa, a Latin American plant. With respect to growth, E) tenacity is the hallmark of MATI.
In 1327 King Edward III of England granted a charter to the Worshipful Corporation of Goldsmiths (more usually called the Goldsmiths' corporation), marking the beginning of the business enterprise's formal life. This entity turned into situated in London at Goldsmiths' hall, from whence the English time period "hallmark" is derived.
Hallmark cards, Inc. is a non-public, own family-owned American enterprise primarily based in Kansas Metropolis, Missouri. founded in 1910 by using Joyce corridor, Hallmark is the oldest and largest manufacturer of greeting cards in the USA.
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suppose we use a baseball to represent earth. on this scale, the other terrestrial worlds (mercury, venus, the moon, and mars) would range in size approximately from that of (fill in the blank).
suppose we use a baseball to represent earth. on this scale, the other terrestrial worlds (mercury, venus, the moon, and mars) would range in size approximately from that of golf ball to baseball.
Just compare the minimum and maximum size of each group. Make a correct scale comparison.
Circumference of Mercury:
15,329 kilometers
Circumference of Mars:
21,344 kilometers
(The largest member is about 1.4 greater than the smallest member)
Now look at the scope of the objects in another group.
Range of dust spots:
too small to measure
Golf ball circumference:
42.6mm:
Circumference of base sphere:
230mm
Water polo circumference:
550mm
Basketball circumference:
750mm
None of them has a size difference of 1.4, so we need to get it as close as possible. These are golf balls and baseballs.
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