This is an application of the law of demand. A rise in computer demand and a rise in the number of computer sellers will reduce the number of computers purchased.
This is due to increased supply and demand, and the quantity demanded will also increase to achieve equilibrium. When the price falls, the quantity demanded rises. This is known as the Law of Demand. An inverse relationship is represented on a graph by a downward sloping line from left to right. One reason why the quantity demanded of a good purchased when its price falls is that the lower price raises buyers' real incomes, allowing them to buy more.
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allen is recording payroll that was processed outside. which quickbooks function would be most useful?
Allen is recording payroll that was processed outside. journal entry quick books function would be most useful.
The QuickBooks accounting software suite was developed and is offered for sale by Intuit. The first version of Quicken did not function as a "double-entry" accounting program. Small and medium-sized businesses are the main target market for QuickBooks products, which were initially released in 1983. They provide on-premises accounting programs as well as cloud-based versions that collect payments from clients, manage and pay bills, and manage payroll. The inaugural QuickBooks release was the DOS version, which was built on the Quicken codebase. The Windows and Mac versions, which shared a different codebase, were built on the In-House Accountant software that Intuit had acquired. The program was preferred by small business owners who lacked fundamental accounting expertise. The program quickly accounted for up to 85% of the small business as a result.
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patty works on a marketing team with four others. two members of the team did very little to get the campaign done on time. patty feels like the hard-working members should demand to receive proper credit, and she's considering pointing out that two members of the team did not pull their weight to her manager. which principle might patty consider in making this decision?
The principle might patty consider in making this decision is long term personal interest.
What is interest?Interest is the sum over and above the original amount (the amount borrowed) that is paid to a lender or depositor by a borrower or deposit-taking financial institution at a set rate. It differs from any fees the borrower may be required to pay the lender or a third party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate decided in advance, but rather on a pro-rata basis as a portion of the rewards received by risk-taking business people when revenue generated exceeds all costs.
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paula works in the services department at a subaru car dealership. paul orders car parts directly from subaru because its parts are created specifically to fit and function properly in its vehicles. which advantage of standardization does this scenario illustrate?
The purpose of standardization is to guarantee consistency among certain business procedures. Standardization focuses on how products are made, how organizations run, the technology they utilize, and how certain required processes are implemented or carried out.
How would you define standardization?
In order to standardize a specific industry, standards-based and comparable technology and processes must be developed, promoted, and perhaps mandated. Technology standards can impose requirements on the caliber and consistency of a technology and guarantee its compatibility, interoperability, and safety.
With an example, define standardization?
Standardization aims to impose a degree of consistency or uniformity to specific procedures or operations within the chosen context. The generally accepted accounting principles (GAAP), which all businesses listed on American stock exchanges are required to follow, are an illustration of standardization.
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the degree to which potential customers perceive new products as superior to existing substitutes is its . question 49 options: a) trialability b) compatibility c) relative advantage d) complexity e) observability
(c) relative advantage. Its relative advantage is the extent to which prospective buyers believe new items to be preferable than current alternatives.
In terms of particular advantages or characteristics, relative advantage refers to the extent to which customers perceive a new brand to be superior to current options. A new brand in a new product area may have a relative advantage, but this is not always the case when measured against objective criteria. The adoption rate of an invention is positively connected with the relative benefit. It indicates that, assuming all other factors remain constant, the faster an innovation's relative benefits assimilate to current products, the faster it will be adopted. On the other hand, here are some comparable drawbacks of a new brand: the cost and complexity of learning to use a new product
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now that you have some idea of the questions the stakeholders may ask, you consider potential objections. how do you ensure you are prepared for any potential objections? select all that apply.
To ensure you are prepared to respond to objections, include information on where the data came from in an appendix. You should also keep a detailed log of your data-cleaning.
What is appendix?
Appendix, formally vermiform appendix, in anatomy, a vestigial hollow tube that is closed at one end and is attached at the other end to the cecum
The appendix, also known as the vermiform appendix, vermix, or vermiform process, is a blind-ended tube that resembles a finger and is attached to the cecum, where it develops in the embryo. At the intersection of the small and large intestines, there is a pouch-like structure called the cecum. Vermiform is a Latin word that means "worm-shaped." Since the early 2000s, the appendix has being seen differently than it originally was. According to research, the appendix may have a significant function. In particular, it might act as a holding area for good gut bacteria.
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required: 2. how many shares of common stock are outstanding at year-end? 3. what is the total paid-in capital at year-end?
2. A company's share count is determined by deducting the number of shares held in treasury from the total number of shares issued. 3. The total paid-in capital at year-end is $40,000.
The sum of money a firm has raised via the sale of shares to investors is known as paid-in capital. Common stock, preferred stock, and additional paid-in capital are added as balance-sheet line items to determine paid-in capital. The paid-in capital can be determined very simply from a company's balance sheet. Stockholders' equity-retained earnings plus Treasury stock equals Paid-in capital, according to the calculation. Retained earnings are a source of assets acquired by a firm, similar to paid-in capital. Paid-in capital refers to the stockholders' actual investment, whereas retained earnings refers to the stockholders' investment made possible by earnings that have not yet been taken. Paid-in Capital: Capital that a corporation has obtained from sources aside than its regular business operations. The selling of the corporation's own ordinary and preferred stock is the most typical way to obtain paid-in capital.
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Why is the accrual-based income statement superior to a cash-based income statements in measuring profitability? (Select all that apply.)
It reflects well the operating activities of the business and the best measure of a company’s profitability during the period.
It reports the expenses incurred in generating the revenues regardless of when the cash was paid.
It reports the revenues generated regardless of when the cash was collected.
The accrual-based income statement superior to a cash-based income statements in measuring profitability because It reports the expenses incurred in generating the revenues regardless of when the cash was paid.
What distinguishes the accrual basis of accounting from the cash basis of accounting?
When money is received or spent, it is recorded as revenue using the cash foundation of accounting. When using the accrual basis of accounting, revenues are recorded as they are earned and expenses as they are incurred.
What is an income statement with an accrual basis?
Accounting on an accrual system records revenue and corresponding costs as they are incurred, rather than when money is exchanged. Accordingly, businesses report revenue when it is earned rather than when it is received.
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one of the problems created by price floors set above the equilibrium is: a. the creation of surplus. b. the effect on firm profitability. c. firms don't have incentives to reduce costs. d. how to cope with the shortages.
(a) the creation of surplus. Surplus generation is one of the issues brought about by price floors set above equilibrium.
a condition of mental or emotional equilibrium: POISE attempting to regain his equilibrium a balance between conflicting forces or activities that can be static or dynamic. a condition of adjustment between opposing or divergent influences or components (as in a reversible chemical reaction when the rates of reaction in both directions are equal). The word "equilibrium" derives from the Latin word "libra," which means "weight" or "balance." As a constellation, astrological sign, and representation of the zodiac, Libra is sometimes shown as a pair of balancing scales, frequently held by the blindfolded goddess of justice, which stands for justice, fairness, and equality. Biology, chemistry, physics, and economics all have different definitions of equilibrium, yet they all relate to the harmony of opposing forces.
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when the u.s. aggregate demand curve shifted to the left during the great depression, a. real gross domestic product (gdp) decreased. b. stock prices increased. c. the unemployment rate decreased. d. real wealth increased. e. the price level increased
During the Great Depression, the U.S. aggregate demand curve shifted to the left, in part, because: the U.S. authorities diminished the supply of money.
The Great Recession used to be exclusive from different recessions due to the fact that World War II in that: the typical economic system took a long way longer to get better than the average.
What motives mixture demand to shift to the left?The aggregate demand curve tends to shift to the left when complete client spending declines. 2 Consumers would possibly spend less because the value of residing is rising or due to the fact authorities taxes have increased. Consumers may additionally decide to spend less and shop extra if they expect expenses to upward shove in the future.
There is a clear relationship between unemployment and inflation: inflation is low all through intervals of high unemployment and as unemployment declines inflation price increases.
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https://brainly.com/question/13881512#SPJ4in a fractional reserve banking system select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a bank panics cannot occur. b the monetary system must be backed by gold. c banks can create money through the lending process. d the federal reserve has no control over the amount of money in circulation.
Option c is correct. In a fractional reserve banking system banks can create money through the lending process.
In a system known as fractional reserve banking, only a portion of bank deposits are guaranteed by actual cash that is on hand and accessible for withdrawal. The idea behind this is to hypothetically boost the economy by making funds available for lending. Fractional reserve banking is used by the financial systems of the majority of economies today.
A technique known as "fractional reserve banking" allows banks to loan out a portion of the deposits that are listed on their balance sheets.
Banks are not required to maintain all of the cash that depositors give them on hand, but they are required to keep a specific portion of it.
Bank reserves—also referred to as on-hand deposits—are frequently mandated for banks.
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1. ABC analysis is based upon the principle that
A) all items in inventory must be monitored very closely.
B) more time should be spent on class "C" items because there are more of them.
C) an item is critical if its usage is high.
D) there are usually a few critical items, and many items which are less critical.
E) as with grade distributions in many undergraduate courses, there should be more medium-level "B" items than either "A" or "C" items.
The principle that each item in inventory needs to be meticulously tracked is the basis of ABC analysis.
Tell us about ABC Analysis.The ABC technique of inventory control makes use of a system for controlling inventories. This system is utilized for managing distribution as well as materials. The ABC analysis technique is used to divide the inventory into three groups, i.e. The items in category A are the most valuable, followed by those in category B, which are slightly less valued than those in category A, and those in category C, which are significantly less valuable.
A business needs effective inventory management and control. They aid in controlling their spending. The ABC analysis helps with inventory control for the firm by enabling management to focus on the highest-value products (the A-items) rather than the numerous low-value items (the C-items).
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a. game theory is the study of multiple choice 1 the strategic behavior of decision makers. dominant strategies of consumers purchasing large goods. the behavior of firms operating in a purely competitive market. b. a firm is said to have a dominant strategy if multiple choice 2 the highest payoff strategy is the same no matter the other player's strategy. it works with other firms in the industry to earn monopoly profits. the firm is acting using strategic behavior in order to minimize costs. c. the market outcome when examining a payoff matrix is the multiple choice 3 marginal equilibrium. oligopoly equilibrium. nash equilibrium. d. true or false: the market outcome always yields the highest profits for all firms. multiple choice 4 false true
The required answers for the given question is,
(a). The strategic behavior of decision makers.(a). the highest payoff strategy is the same no matter the other player's strategy. (c). nash equilibrium. FalseWhat is a Game theory?
The study of how interdependent choices made by economic agents lead to results that are compatible with their preferences (or utilities), despite the fact that no agents may have anticipated the specific outcomes in question, is known as game theory.
Game theory is the study of decision - making, in which every participant, or "player," depends on the outcomes of others. If you participate in such a game, you must consider the decisions made by other players when deciding on your plan of action or "strategy." The goal of game theory is to encourage autonomous, competitive agents to make the best decisions possible in a strategic context.
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The correct order of questions is,
1. game theory is the study of
(a). The strategic behavior of decision makers.
(b) dominant strategies of consumers purchasing large goods.
(c). the behavior of firms operating in a purely competitive market.
2. a firm is said to have a dominant strategy if
(a). the highest payoff strategy is the same no matter the other player's strategy.
(b). it works with other firms in the industry to earn monopoly profits.
(c). the firm is acting using strategic behavior in order to minimize costs.
3. the market outcome when examining a payoff matrix is the
(a). marginal equilibrium.
(b). oligopoly equilibrium.
(c). nash equilibrium.
4. The market outcome always yields the highest profits for all firms.
True
False
Which one of the following is not a primary component of an internal control system? O Information and communication O Monitoring O Financial pressure O Control environment O Risk assessment
The control environment is not a primary component of an internal control system.
What is internal control system?The integrity of financial reporting and regulatory compliance are ensured by the internal control system, which are accounting and auditing procedures utilized in a company's finance department. The internal control system controls ensures budgets are followed, policies are followed, capital shortages are discovered, and correct reports are provided for leadership. In addition to guaranteeing compliance with laws and regulations and preventing fraud, internal controls can help increase operational efficiency. Since the early 2000s accounting scandals, internal control systems have been elevated to a critical business function for every U.S. organization. To safeguard investors against dishonest accounting practices and enhance the precision and dependability of business disclosures, the Sarbanes-Oxley Act of 2002 was passed in their wake. Because managers are now liable for financial reporting and an audit, this has had a significant impact on corporate governance.
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Which of the following conditions make a good suitable for use as a medium of exchange? O A. The good must be acceptable to that is, usable by) most buyers and sellers. B. The good should be durable, valuable relative to its weight, and divisible. C. The good should be of standardized quality, so that any two units are identical. D. All of the above conditions must be met. What is fiat money?
The item should be long-lasting, valuable in relation towards its mass, and divisible. A good is suitable to be used as a medium of exchange if the following conditions are met.
What exactly is meant by "exchange"?
The act of exchanging or receiving something in exchange for something else: trade. a prisoner exchange. : the process or act of replacing one item for another. : mutual wanting to give and receiving
What is a financial means of exchange?
A exchange medium is a device or system that facilitates the selling, purchase, or transfer of goods among parties. Currency is the exchange medium in modern economies.
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under provisions of the investment advisers act of 1940, investment advisers that maintain custody of client securities are required to do all of the following except a) arrange for a surprise audit by an independent public accounting firm at least annually and subsequently file a report of the examination with the sec b) keep copies of all confirmations sent to clients c) send an itemized statement to clients at least monthly d) maintain a separate ledger for each client showing all purchases and sales
under provisions of the investment advisers act of 1940, investment advisers that maintain custody of client securities are required to do all of the following except [C] send an itemized statement to clients at least monthly.
What is required by the Investment Advisers Act of 1940?
With few exceptions, this Act of 1940 mandates that businesses or single proprietors who get paid for advising people on securities investments register with the SEC and abide by rules meant to safeguard investors.
Customers must receive statements from investment advisers every three months, not every month if they keep cash or securities in their possession.
Therefore, The other options are all true statements, so none of them are exempt from the rules.
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which is an example of a market failure? group of answer choices there are not enough tickets available to concerts of extremely popular performers. extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the computer industry. the price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and techniques. polio shots and chest x-rays provide widespread benefits to the community as a whole as well as to the individuals who get them.
Due to extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the computer industry is the example of market failure.
What does Market failure mean
Market failure is an economic concept that describes inefficient resource allocation in a given market. It occurs when the market fails to allocate resources efficiently, resulting in an inefficient outcome. This can happen for a number of reasons, including a lack of competition, externalities, information asymmetry, or government intervention. In other words, market failure occurs when the free market fails to produce the most efficient result due to some underlying cause.
What does Bankruptcies mean?
Bankruptcy is the legal process by which a business or individual becomes unable to repay their creditors. It is a court-ordered process in which an individual's or company's assets are liquidated and distributed among creditors in order to pay off debts. Bankruptcies can have serious financial and legal consequences in the long run.
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how should you approach your audience strategy when setting up a video action campaign to convert intent into action?
Prior to focusing on high-intent audiences, start with broader audience types and target individuals who are less likely to convert.
What is audience ?
An audience is a group of listeners or viewers, if that helps. There was a sizable audience for the concert, whether they were readers, viewers, or listeners. A group of devoted fans or admirers is the target audience for the movie.
What do u mean concert?
a public performance (such as of music or dance); an agreement in design or plan; or a union created by the exchange of ideas and opinions. 3. out of date: harmony in music.
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what should determine an actual profit? extraordinary events net income total operating results and consistent net income material losses verses revenue
Total operating results and consistent net income determines an actual income.
What is income?Income refers to the ability to consume and save earned by a business over a specified period of time and is generally expressed in money. Income is difficult to define conceptually and definitions vary by region. Income is money received by an individual or business in return for doing work, producing goods , services. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs. His three most important types of income are earned income, passive income, and portfolio income. Earned income consists of wages, salaries, tips and commissions. Passive or unearned income is derived from rental properties, royalties, and limited partnerships. Portfolio income includes interest, dividends and capital gains on investments.To learn more about income from the given link :
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pierre's calzone company has been growing rapidly. pierre has always provided job responsibility and work policy training to new employees in one on one settings, but lately it has been difficult due to the number of employees being hired. how should pierre proceed?
He should create a formal new employee onboarding program.
Whom do you refer to as an employee?
Meaning of the word "employee" A person who is paid to work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; they are not required to work full-time (the person or business that pays them).
What sort of worker, for instance?
A salesperson at a retail establishment is an example of an employee. The worker is seen as an employee since they have to do activities in a precise way, such wearing name badges and greeting customers in a certain way.
Who are the employers and employees?
An employer is a person, business, or other entity that hires workers and compensates them for their labor. Employees are those who are paid to perform labor.
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If the market price is $1,100, the combined totalcost of all participating sellers is
The prices and quantities that would take place in a market with perfect competition are those that are socially efficient. This occurs at price B and quantity Y, when marginal cost equals demand.
A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. Total surplus in a market is the sum of production surplus and consumer surplus. The total area under the demand curve and above the price serves as a proxy for the total surplus in a market. The producer's total gain (or producer surplus) is shown as the area of the triangle between P(i) and the supply curve when the producer's total cost (the triangle under the supply curve) is subtracted from his total income (the rectangle).
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________ is to aggression as ________ is to cooperation.
Dehumanization is to aggression as empathy is to cooperation.
What is the cooperation?Coporation can be described as the the actions of someone who is being helpful by doing what is wanted or asked for it should be noted that one can ask for your full cooperation and it is an association of persons for common benefit.
In conclusion, Empathy can be described as the capacity to understand or feel what another person is experiencing from within their frame of reference.
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while answering a question in an interview, if the interviewer's eyes are bright and his or her head is nodding vigorously, end your answer, but expand it if the interviewer's eyes are glazing over. a. true b. false
If the interviewer's eyes and head are bright while responding to a question. You finish your answer by enthusiastically nodding.
What exactly does it mean to enthusiastically mean?enthusiasm and eagerness
When you do anything with enthusiasm, you do it eagerly and with excitement. You might eagerly accept your grandmother's invitation to travel to Europe with her.
How do enthused individuals persuade others?People that are enthusiastic don't allow other factors to affect their choices. They have distinct views and base their decisions on their ideal way of life and their desired outcomes. People like these weed out the negative company and surround themselves with positive individuals. They can distinguish between what matters and what doesn't.
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since property taxes are paid in arrears, the buyer will be responsible for paying them after closing. suppose that the closing date on the home for sale is february 28th of a leap year (e.g., 2012, 2016, etc.). how many calendar days would the seller be responsible for when calculating his/her share of the property tax owed for the year in which the home was sold?
If the seller does not repay the loan after the buyer accepts title pursuant to the mortgage, the lender may foreclose on the home and sell it.
Texas closing costs are covered by who?When it's time to pay the property taxes at the end of the fiscal year, the Texas taxing authorities will only accept payment from one organization. Therefore, whether you sell or purchase a home, the property taxes will be prorated at closing to ensure that each party pays their fair amount of the year's taxes.
What does "arrears in property tax" mean?Arrears is a phrase used in finance to describe how payments are progressing toward their due date. The phrase is typically used for describing a debt or obligation that was not settled before the deadline.
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julia can sell seven widgets at a price of $11,000. if the price of widgets is lowered to $10,500, then she will sell eight widgets. what is the marginal revenue of the sixth widget? a. $500 b. $7,000 c. $10,000 d. $21,500
Julia can sell seven widgets at a price of $11,000. if the price of widgets is lowered to $10,500, then she will sell eight widgets. The marginal revenue of the sixth widget is $7,000.
In the context of accounting, revenue refers to the total income from sales of products and services that are directly connected to the company's core operations. Sales or turnover are two more terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.
The term "revenue" can refer to income in general or to the sum, expressed in money terms, received during a certain period of time, as in "Last year, Company X had revenue of $42 million." Profits or net income often refer to total revenue less total costs for a specific time period.
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according to data in exhibit 6-3 and assuming the total number of workers is 8,400, the civilian labor force is:
According to data in exhibit 6-3 and assuming the total number of workers is 8,400, the civilian labor force is 8,000.
What Is the civilian labor force?
The Bureau of Labour Statistics (BLS) uses the phrase "civilian labour force" to group the civilian population of the United States into employed and jobless groups. The civilian labour force does not include members of the armed forces, federal employees, retirees, crippled or demoralised workers, or farm labourers.
Who is not allowed to work in the civilian sector?
The term "civilian labor force" refers to any employed or jobless people who aren't in the military on active service, as well as institutionalised people, people who work in agriculture, and people who work for the federal government. The civilian labour force does not include retired people, those with disabilities, or discouraged employees.
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Which of the following is a feature of Power Query? Change column headings so the new name appears in the
File list of a PivotTable. O Change the raw data. O Build relationships between tables. O Uses Visual Basic to
create steps for import.
Build relationships between tables is a feature of Power Query ,Change column headings so the new name appears in the File list of a Pivot Table.
Microsoft developed the data extraction, loading, and transformation (ETL) tool Power Query, which is used to retrieve data from sources, process it, and load it into one or more target systems. Power Query is a completely or partially self-service business intelligence tool that comes in a variety of forms under the Microsoft Power Platform. Excel, Power BI, Analysis Services, Dataverse, Power Apps, Azure Data Factory, SSIS, Dynamics 365, and cloud services like Microsoft Dataflows, including Power BI Dataflow used with the online Power BI Service or the somewhat more generic version of Microsoft Dataflow used with Power Automate, are examples of software that contain it.
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what are the 2 paths that offer the most insight on how to break away from the competition again in blue round 3 and to extend your strategic profile?
The most crucial traits of blue ocean strategy is a brand new way of fixing users' pains, this is known as value innovation. but, blue ocean answers aren't usually a hit.
Strategic profile Cutthroat opposition turns the ocean bloody crimson. for this reason, the time period 'pink' oceans. Blue oceans denote all of the industries now not in existence nowadays – the unknown market area, unexplored and untainted with the aid of competition. just like the 'blue' ocean, it's miles sizable, deep and effective – in terms of possibility and worthwhile growth.
For this blue ocean strategy the key dreams are to conquer the competition and make the most present call for. “the key desires of the red ocean approach are to beat the opposition and take advantage of present demand. One enterprise in which a purple ocean strategy might be important is the smooth drink enterprise.
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Effective entrepreneurial teams combine creativity with marketing and production experience.
Micropreneurs are business entrepreneurs that choose to keep their companies small enough to manage. A very small business, or one with no more than five employees, is referred to as a micropreneur or microbusiness.
A microentrepreneur manages their own marketing and sales. They lack a committed sales team and an outside marketing company. They must therefore be willing to take the chance of doing business independently. A business owner may be considered a micropreneur if they manage a company with five or fewer employees, or none at all. Perhaps the business owner handles practically all aspects of management, including payroll, budgeting, and marketing. Micropreneurs organize the job they wish to accomplish, look for clients, market their products or services, provide their services, create networks of clients, and boost sales while managing day-to-day operations of their firm, including the simplest of paperwork. At least temporarily, micropreneurs do not put much emphasis on growing their business. The easier it is for micropreneurs to manage the smaller the scale.
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Which of the following is involved in the final stage in the buyer decision process?
A. After the buyer has purchased the product, the marketer asks for feedback on the quality of the product. B. After the buyer has purchased the product, the marketer promotes more advanced versions of the product. C. After the buyer has purchased the product, the marketer provides customer assistance for use of the product. D. After the buyer has purchased the product, the marketer reminds the buyer that he or she made a wise purchase.
After the buyer has purchased the product, the marketer reminds the buyer that he or she made a wise purchase, is involved in the final stage in the buyer decision process.
Why is the buyer decision process important?Five fundamental steps make up the consumer decision-making process. Consumers use this method to assess whether to make a purchase. The five processes include problem identification, information search, examination of alternative options, purchase choice, and post-purchase analysis. Businesses need to understand the consumer decision-making process in order to better comprehend why and how customers make purchases.
Companies can adjust their marketing efforts to reflect the requirements and preferences of their target market by comprehending the processes involved in the decision-making process. Consumer behavior is influenced by four main elements in general. These elements have an effect on whether or not your target buyer purchases your product. They are psychological, cultural, societal, and personal.
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Which of the following is true of the balance sheet presentation of the Allowance for Bad Debts?
(A.) It is reported as a current liability.
(B.) It is reported as an operating expense.
(C.) It is reported as a separate, independent line item under current assets.
(D.) It is shown as a contra account related to accounts receivable.
Option D- It is shown as a contra account related to accounts receivable is true of the balance sheet presentation of the Allowance for Bad Debts.
Resources, loans, and owner's equity are all represented on a firm's balance sheet, a type of financial statement. One of the three primary financial statements used to assess a business is the balance sheet. It provides an overview of the assets and obligations of an organization as of the date of publication. A balance sheet will give you a concise summary of the firm ’s financial position at quarter or year-end—and give you details about how much cash or liabilities your organisation has. Bad debts include those that are not permanently receivable and are carried off as losses or expenses. Lending institutions and expenditures bought on credit, for instance, fall under the category of bad debt.
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