Conflict in a team and its analysis using the conflict model A team conflict is defined as a disagreement or argument between two or more members of a team. Conflict, on the other hand, may arise due to various causes, such, perceptions, objectives, work procedures, or personalities.
In the following lines, we will discuss the situation where there was a conflict in a team and then analyze and discuss the conflict according to the conflict modes model. Situation: Three team members, including Alex, Ryan, and Marry, are tasked with presenting a proposal to a client within two days. However, during the course of the project, Marry's mother fell ill, and she had to take her to the hospital. She is the person in charge. Alex, on the other hand, is eager to complete the proposal and can't wait for Mary to recover. Ryan, on the other hand, is concerned about Marry's mother's well-being and feels that Mary's work can be done by the team. According to the conflict mode model, five conflict resolution methods may be used:
1) Competing The "competing" mode is a conflict resolution approach in which a party pursues their objectives at the expense of another's. Alex, the competing party, chooses to focus on completing the proposal at all costs, without waiting for Marry to return.
2) Collaborating Collaborating is a conflict resolution approach in which both parties work together to achieve their objectives. Ryan, on the other hand, selects the "collaborating" mode since he believes that the team should work together to finish the proposal.
3) Compromising The "compromising" mode is a conflict resolution method in which both parties give up something to reach an agreement. None of the parties involved uses the "compromising" approach in this case.
4) Avoiding The "avoiding" mode is a conflict resolution method in which one or both parties refuse to participate in or address the conflict. None of the parties involved uses the "avoiding" approach in this case.
5) Accommodating The "accommodating" mode is a conflict resolution approach in which one party sacrifices its objectives to satisfy the other party's objectives. Marry, who is dealing with a family emergency, chose the "accommodating" mode since she is willing to allow Alex to finish the proposal until she can return. In summary, Alex chooses the "competing" mode of conflict resolution, Ryan chooses the "collaborating" mode, and Marry selects the "accommodating" mode of conflict resolution. The conflict resolution mode selected by each party may have a significant impact on the outcome. Nonetheless, the approach chosen by the team determines whether or not the project is completed within the allotted time frame.
to know more about conflict model visit:
brainly.com/question/30154506
#SPJ11
Consider the foreign exchange market and the market for real monetary assets together. Suppose nominal interest rates rise in the foreign country. a) How should the domestic central bank respond if it wants to keep domestic interest rates constant? Show graphically. b) How should the domestic central bank respond if it wants to keep the nominal exchange rate constant? Show graphically.
a) To keep domestic interest rates constant when nominal interest rates rise in the foreign country, the domestic central bank should decrease the money supply. This can be shown graphically by shifting the LM curve to the left. b) To keep the nominal exchange rate constant when nominal interest rates rise in the foreign country, the domestic central bank should increase the money supply. This can be shown graphically by shifting the LM curve to the right.
a) If the domestic central bank wants to keep domestic interest rates constant in response to a rise in nominal interest rates in the foreign country, it would need to adjust its monetary policy. This can be done by implementing an open market operation, specifically conducting a **monetary expansion**.
In a graphical representation, let's assume the domestic interest rate is initially at the desired level, represented by the horizontal line labeled "r_d" on the vertical axis. The nominal interest rate in the foreign country increases, leading to an upward shift of the foreign interest rate line labeled "r_f". This creates a situation where the domestic interest rate is lower than the foreign interest rate, causing an inflow of capital.
To keep domestic interest rates constant, the central bank needs to counteract the capital inflow by increasing the money supply. This can be achieved by conducting an open market purchase, which involves the central bank buying government bonds from the market, injecting money into the economy. As a result, the money supply curve shifts to the right, intersecting the "r_d" line at the original interest rate level.
The graph visually illustrates how the central bank's monetary expansion offsets the increase in foreign interest rates, allowing the domestic interest rate to remain constant.
b) If the domestic central bank aims to keep the nominal exchange rate constant in response to a rise in nominal interest rates in the foreign country, it needs to adjust its monetary policy differently. The central bank would need to conduct a **sterilized intervention** in the foreign exchange market.
In the graphical representation, we have the nominal exchange rate (e) on the vertical axis and the quantity of domestic currency (Q) on the horizontal axis. Initially, the nominal exchange rate is at the desired level, represented by the horizontal line labeled "e_d". With the rise in foreign interest rates, capital inflow occurs, increasing the demand for domestic currency and causing the nominal exchange rate to appreciate.
To keep the nominal exchange rate constant, the central bank needs to counteract the capital inflow by conducting a sterilized intervention. This involves selling domestic currency in the foreign exchange market while simultaneously conducting an open market sale of government bonds. The sale of domestic currency increases its supply, shifting the supply curve to the right. This action offsets the increase in demand and maintains a constant nominal exchange rate.
The graph visually demonstrates how the central bank's sterilized intervention offsets the capital inflow and keeps the nominal exchange rate constant.
Both scenarios show that the domestic central bank can use monetary policy tools to achieve its desired objectives while responding to changes in foreign interest rates.
Learn more about interest rates here
https://brainly.com/question/29451175
#SPJ11
5. Long run reversal... a) none of the answers is correct b) cannot be explained c) cannot help to explain the disposition effect d) can explain if investors do not maximize their wealth 6. Which of the following effects can occur together? a) none of the answers is correct b) short run momentum and random walk c) the random walk and long run reversal d) the equity premium puzzle and short run momentum 7. The random walk hypothesis is violated... a) none of the answers is correct b) momentum of stock prices c) the equity premium puzzle d) the closed end fund puzzle 8. Which two factors can partly explain the equity premium puzzle? a) ambiguity and risk loving behavior of investors b) none of the answers is correct c) ambiguity loving behavior and loss aversion of investors d) linear probability weighting and loss aversion
5. If investors don't maximise their wealth, the right response is (d), which explains the situation. equities that have performed well in the past have a tendency to underperform in the future, whereas equities that have performed poorly have a tendency to outperform. This phenomenon is known as long-run reversal. This can be explained if investors don't always maximise their wealth and instead choose to make unfavourable investments based on variables like overreacting to prior performance or psychological biases.
6. Random walk and short-run momentum are the proper responses (b). Short-run momentum is the propensity of equities that have recently performed well to continue performing strongly in the near term. The concept of a "random walk" suggests that stock values move in Unpredictable and random pattern. In situations where short-run momentum prevails in the near term but stock prices follow a random walk pattern over the long term, these two effects can coexist. 7. Stock price momentum is the right response (b). According to the random walk hypothesis, stock prices have a random and unpredictable pattern, making it challenging to forecast future price changes using historical price patterns. The random walk hypothesis is violated if stock price momentum is seen, which implies that past price trends can affect future price movements. 8. Investors' loss aversion and their love of ambiguity are the right answers. The historical excess return of stocks over bonds is a phenomena that is the subject of the equity premium puzzle. (Equity premium) is higher than what conventional economic models can account for. Investors' preference for investments with known outcomes, even when they offer lower returns, can help to explain a portion of the puzzle. The equity premium puzzle can also be partially explained by loss aversion, which is the tendency to strongly favour avoiding losses over earning gains. Loss aversion impacts investors' risk preferences and desire to invest in stocks.
learn more about investors here:
https://brainly.com/question/33035723
#SPJ11
"answer in 2 minutes please
When talking about contracts, the term ""consideration"" means the
parties are acting in an ethical manner.
Multiple Choice
a.True
b.False"
When talking about contracts, the term "consideration" means the parties are acting in an ethical manner is a false statement In the law of contracts, consideration refers to the exchange of value or mutual obligations which is usually required to make.
the agreement enforceable in a court of law. Consideration can be in the form of money, goods, services, promises, or anything else of value that induces a person to enter into a contractual the relationship. In general, the parties to a contract must each provide some form of consideration in order to create a legally binding agreement.
It is not related to ethical behavior but rather a legal requirement for an enforceable agreement. Therefore, the correct option is In contract law, consideration is the essential element that makes a contract legally binding. Consideration is something of value that each party to the contract gives to the other party. It can be in the form of money, property, goods, or services. Consideration must be something that has value, and the value must be real and measurable. If there is no consideration, there is no contract.
To know more about law Visit;
https://brainly.com/question/29434943
#SPJ11
Unlike the perfect competitor, we see that a monopolist gets to choose a price and quantity. We also see that the monopolist has a tradeoff between price and quantity, that is, the higher a price they charge, the less quantity they will produce, and vice versa.
Describe a practical example that shows why monopolists face this tradeoff If you deal with a monopoly in your life, what may you take if they raise prices too much? What impact does that have on the monopoly?
A practical example that demonstrates why monopolists face a tradeoff between price and quantity is the pharmaceutical industry, specifically in the context of patented drugs. If you encounter a monopoly in your life and they raise prices excessively, you may choose to seek alternatives or substitutes, which can have a significant impact on the monopoly's market power.
In the pharmaceutical industry, companies that hold patents on certain drugs often enjoy monopolistic power because they have exclusive rights to produce and sell those drugs. As a result, they have control over setting both the price and quantity of the drug.
However, monopolists face a tradeoff between price and quantity due to consumer behavior and market dynamics. If a monopolistic pharmaceutical company decides to raise the price of a patented drug too much, consumers may choose to explore alternative treatments or seek generic substitutes. This is especially true for essential medications where consumers may have limited choices or face significant health risks if they cannot afford the monopolist's price increase.
As consumers react to high prices by seeking alternatives, the monopoly's market power and revenue can be eroded. This loss of market share and potential decline in demand can motivate the monopolist to reevaluate their pricing strategy and consider the tradeoff between price and quantity.
The example of the pharmaceutical industry and monopolistic pricing of patented drugs demonstrates the tradeoff between price and quantity that monopolists face. Excessive price increases can lead consumers to seek substitutes or alternatives, which can have a significant impact on the monopoly's market position and revenue. This illustrates the delicate balance that monopolists must navigate to optimize their profits while considering consumer demand and market competition.
To know more about monopolists , visit
https://brainly.com/question/13113415
#SPJ11
Today, Marriott International is one of the leading hospitality companies in the world, with 6,000 properties in 122 countries and territories worldwide that brought in almost $22 billion in global revenues in 2017. Its growth has been aided by acquisitions and by sharing its brand architecture with prospective guests on its Web sites to aid them in their lodging decisions. Overall, Marriott has approached its brand architecture decisions in a systematic way, ensuring market coverage and minimizing overlap. Source: Keller, K. L., \& Swaminathan, V. (2020). Strategic brand management: Building, measuring, and managing brand equity. Pearson Education Limited. QUESTION 3: Identify the brand development strategies used by Marriott when naming their various brand extensions. Justify your answer with examples from the case study.
The brand development strategies that Marriott used when naming their various brand extensions include line extension, brand extension, sub-brand, and co-branding. Marriott has approached its brand architecture decisions systematically, ensuring market coverage and minimizing overlap.
The brand development strategy that Marriott used when naming its various brand extensions is the sub-brand strategy, which refers to the use of a parent brand name in combination with a new brand name to create a new and unique brand identity. The company has used this strategy to create brands like Courtyard by Marriott, Fairfield Inn & Suites by Marriott, and SpringHill Suites by Marriott. The Courtyard by Marriott brand extension is a mid-priced brand that caters to business travelers and offers amenities such as complimentary breakfast, fitness center, and high-speed internet access. The Fairfield Inn & Suites by Marriott brand extension is a budget-friendly brand that caters to families and offers amenities such as free breakfast, an indoor pool, and a fitness center. The SpringHill Suites by Marriott brand extension is a mid-priced brand that caters to families and offers amenities such as free breakfast, an indoor pool, and a fitness center. Marriott has also used co-branding as a brand development strategy by partnering with companies such as Visa, United Airlines, and Hertz to offer customers exclusive benefits and discounts. The company has used this strategy to create brands like Marriott Rewards Visa Card, Marriott United MileagePlus, and Marriott Hertz.
Marriott International is one of the leading hospitality companies in the world, with 6,000 properties in 122 countries and territories worldwide that brought in almost $22 billion in global revenues in 2017. The company has used various brand development strategies, including line extension, brand extension, sub-brand, and co-branding, to create unique brand identities for its various brand extensions. Marriott has approached its brand architecture decisions systematically, ensuring market coverage and minimizing overlap.
Learn more about brand development here:
brainly.com/question/33051771
#SPJ11
Samford Company purchased equipment to be used in operations on March 26, 2019. The equipment had a purchase price of $250,000 with a residual value of $50,000 and a useful life of 5 years. If Samford Company uses the double declining balance method of depreciation and the half- year convention, what will depreciation expense of the equipment be for 2019? O $20,000 $40,000 $50,000 5 pts $75,000 None of the above.
To calculate the depreciation expense for 2019 using the double declining balance method with the half-year convention, we need to follow these steps:
1. Determine the straight-line depreciation rate:
Straight-line depreciation rate = 1 / Useful life
Straight-line depreciation rate = 1 / 5 = 0.20 or 20%
2. Apply the double declining balance method:
Double declining balance rate = Straight-line depreciation rate x 2
Double declining balance rate = 0.20 x 2 = 0.40 or 40%
3. Apply the half-year convention:
Since the equipment was purchased on March 26, 2019, we will only consider it as being used for half of the year in 2019.
4. Calculate the depreciation expense:
Depreciation expense = (Purchase cost - Accumulated depreciation) x Depreciation rate x Half-year convention
Depreciation expense = ($250,000 - $0) x 0.40 x 0.5 = $50,000
Therefore, the depreciation expense for the equipment in 2019 using the double declining balance method with the half-year convention will be $50,000.
For more such questions on Depreciation
brainly.com/question/739052
#SPJ11
Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $1,080,000, 42%, and $21,600, respectively. The North Division’s contribution margin and contribution margin ratio are $165,600 and 46%, respectively. The South Division’s segment margin is $187,200. The company has $280,800 of common fixed expenses that cannot be traced to either division.
Required:
Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i.e .1234 should be entered as 12.3).)
Income Statement - Shannon Company
Overall:
Sales: $1,080,000
Variable Expenses: $604,800 (42% of sales)
Contribution Margin: $475,200 (Sales - Variable Expenses)
Common Fixed Expenses: $280,800
Net Operating Income: $194,400 (Contribution Margin - Common Fixed Expenses)
North Division:
Sales: $360,000 (33.3% of overall sales)
Variable Expenses: $194,400 (46% of North Division sales)
Contribution Margin: $165,600 (North Division Sales - North Division Variable Expenses)
Segment Margin: $165,600 (Contribution Margin)
South Division:
Sales: $720,000 (66.7% of overall sales)
Variable Expenses: $410,400 (57% of South Division sales)
Contribution Margin: $309,600 (South Division Sales - South Division Variable Expenses)
Segment Margin: $187,200 (Contribution Margin)
Percentage of Sales:
Overall:
Sales: 100%
Variable Expenses: 56%
Contribution Margin: 44%
Common Fixed Expenses: 26%
Net Operating Income: 18%
North Division:
Sales: 100%
Variable Expenses: 54%
Contribution Margin: 46%
Segment Margin: 46%
South Division:
Sales: 100%
Variable Expenses: 57%
Contribution Margin: 43%
Segment Margin: 26%
To know more about , Income visit:
https://brainly.com/question/30157678
#SPJ11
A good ‘problem statement’ contains a solid practical problem. Considering this, within 250-word limit, write a problem statement (without theoretical gaps) in regards to the effect of COVID-19 pandemic on education.
The COVID-19 pandemic has had a significant impact on the field of education, disrupting traditional teaching and learning methods worldwide.
This study aims to explore the multifaceted effects of the pandemic on education, with a focus on understanding the challenges faced by students, teachers, and educational institutions.
The problem at hand is the need to comprehensively examine the consequences of the COVID-19 pandemic on education and identify potential solutions to mitigate its negative effects. The abrupt shift to remote and online learning has raised concerns about the quality of education, access to technology, and the widening educational disparities among students. Additionally, the closure of schools and colleges has led to the disruption of social interactions, extracurricular activities, and essential support services, impacting the holistic development of students.
This study seeks to investigate the following key aspects:
Academic performance and learning outcomes: Assess the impact of remote learning on student academic performance, knowledge retention, and skill development. Analyze the disparities in educational outcomes across different socioeconomic backgrounds and geographical regions.
Psychological and emotional well-being: Examine the mental health implications of prolonged remote learning and social isolation among students. Investigate the effectiveness of support mechanisms implemented by educational institutions to address the psychological needs of students.
Teaching and learning strategies: Evaluate the effectiveness of online teaching methodologies and explore innovative approaches adopted by educators to engage students in virtual classrooms. Identify best practices and challenges in delivering quality education remotely.
Infrastructure and accessibility: Investigate the technological infrastructure and internet connectivity challenges faced by students and teachers in remote areas. Assess the availability and accessibility of digital learning resources and identify strategies to bridge the digital divide.
By addressing these research objectives, this study aims to provide evidence-based insights and recommendations to educational policymakers, institutions, and stakeholders to navigate the current and future challenges posed by the COVID-19 pandemic and ensure the continuity and quality of education for all students.
Note: This problem statement is a general overview and may require further refinement and adaptation based on the specific context and objectives of the research study.
Learn more about COVID-19 pandemic here -: brainly.com/question/28828558
#SPJ11
Which is the best term to describe when two or more people perceive that their goals are in opposition? Competition Enemies Conflict 1 pts Politics
The term "Conflict" best describes when two or more people perceive that their goals are in opposition.
Conflict refers to a situation where there is a perceived or actual disagreement or opposition between individuals or groups regarding interests, goals, or values. It involves a clash of interests or viewpoints that can lead to tension, disagreement, or even hostility. Conflict can arise in various contexts, such as personal relationships, organizations, or even between nations.
It is a natural part of human interactions and can occur due to differences in opinions, needs, or competing interests. Resolving conflicts effectively often requires open communication, negotiation, and finding mutually beneficial solutions.
Learn more about interests here: brainly.com/question/29639856
#SPJ11
What amount would a person with actual cash value coverage receive for four-year-old furniture destroyed by a fire? The furniture would cost $2,000 to replace today and had an estimated life of eight years. Insurance payment
The insurance policies may vary, and other factors such as deductibles or policy limits could also affect the final insurance payment. It's advisable to refer to the specific terms and conditions of the insurance policy to obtain accurate information about the coverage and payment in such situations.
To determine the insurance payment for the destroyed four-year-old furniture with actual cash value coverage, we need to consider the depreciation of the furniture based on its estimated life and the policy terms.
Since the furniture had an estimated life of eight years and it is now four years old, it has depreciated by half of its value. Therefore, the depreciated value of the furniture is $2,000 / 2 = $1,000.
With actual cash value coverage, the insurance payment would typically be based on the depreciated value of the item. So, the person would receive $1,000 as the insurance payment for the destroyed furniture.
It's important to note that insurance policies may vary, and other factors such as deductibles or policy limits could also affect the final insurance payment. It's advisable to refer to the specific terms and conditions of the insurance policy to obtain accurate information about the coverage and payment in such situations.
Learn more about insurance policies here
https://brainly.com/question/31369513
#SPJ11
Question 34 Company A's fixed costs were $135,000, its variable costs were $72,000, and its sales were $288,000. What is the company's break-even point in sales? O $135,000 O $180,000 O $253,125 O $288,000 O None of the above Question 35 1 pts O True O False 1 pts When a company's total contribution margin is $200,000 at the break-even point, its fixed costs are equal to $200,000.
To calculate the break-even point in sales, we need to determine the level of sales at which the company's total costs (fixed costs + variable costs) equal its total sales revenue.
In this case, the fixed costs are given as $135,000 and the variable costs are $72,000. The sales revenue is $288,000.
Break-even point = (Fixed costs) / (Sales price per unit - Variable cost per unit)
Sales price per unit = Sales revenue / Number of units sold
Number of units sold = Sales revenue / Sales price per unit
In this case, the number of units sold can be calculated as:
Number of units sold = $288,000 / (Sales price per unit)
Since the sales price per unit is not provided, we cannot calculate the exact break-even point. Therefore, the correct answer is "None of the above" for Question 34.
For Question 35, the statement is false. Fixed costs do not equal the total contribution margin at the break-even point. The total contribution margin at the break-even point equals the fixed costs.
To know more about break-even point in sales, visit,
https://brainly.com/question/30131998
#SPJ11
.Reflect on the safety management system (SMS) used in your current or previous organization. Give specifics and evidence of its use. Based on what you have learned up to this point in this course, do you feel the system meets standards? Explain your rationale. Finally, identify one change you feel should be made to make the SMS more effective.
Your journal entry must be at least 200 words in length. No references or citations are necessary.
Reflect on the safety management system (SMS) used in your current or previous organization. Give specifics and evidence of its use.
Finally, identify one change you feel should be made to make the SMS more effective.In my previous organization, we used a Safety Management System (SMS) that aimed to ensure that our workplace was safe for employees. SMS was utilized as a tool to control and manage workplace health and safety risks. Some of the specifics and evidence of its use include:
Risk assessment: The SMS helped in conducting a risk assessment of the workplace to identify potential risks to health and safety. This was important because it allowed us to address risks before they caused harm to our employees.Reporting and Investigation of Incidents: The SMS had clear guidelines for reporting incidents and investigating them. The process helped in identifying the root cause of incidents and devising measures to prevent them from occurring in the future.
Employees Training: The SMS required all employees to undergo training on safety and health management. The training covered basic safety and health principles, and employees were also trained on the use of personal protective equipment (PPE).
Emergency Planning: The SMS also had an emergency planning section that covered emergency response planning, first aid, and the evacuation of personnel.Based on what I have learned up to this point in this course, the SMS used in my previous organization meets the required standards. The SMS provided a systematic and comprehensive approach to safety and health management. It incorporated key safety and health principles such as risk assessment, hazard control, and incident investigation.
Additionally, it ensured that employees were well trained in safety and health management practices.One change that would make the SMS more effective is the involvement of employees in the management of safety and health. The SMS should involve employees at every level of the organization in identifying hazards and developing measures to control them. This would increase employee engagement and ownership of the safety management system, leading to a more robust safety culture.
Learn more about SMS Visit : brainly.com/question/30208657
#SPJ11
Consider the market for oranges, which is currently in equilibrium. Now, Suppose there is an unusually large crop of oranges this year. How will the market for oranges change? The supply would decrease, increasing equilibrium price and decreasing equilibrium quantity. The demand would increase, increasing both equllibrium price and quantity, The demand would decrease, decreasing both equilibrium price and quantity. The supply would increase, decreasing equilibrium price and increasing equilibrium quantity.
An unusually large crop of oranges would increase the supply in the market, resulting in a decrease in the equilibrium price and an increase in the equilibrium quantity. Option D.
As a result of the increased supply, the market for oranges would experience the following changes:
Equilibrium Price: With a larger supply of oranges, the market would experience downward pressure on prices. This is because there are more oranges available than the current demand can absorb. As a result, the equilibrium price would decrease.
Equilibrium Quantity: The increase in supply would lead to an expansion of the quantity traded in the market. As more oranges are available, buyers would be able to purchase a larger quantity at the prevailing lower prices. Therefore, the equilibrium quantity would increase.
It's important to note that the scenario assumes that the demand for oranges remains constant. If there are significant changes in demand, such as increased consumer preferences for oranges or changes in consumer income, it would affect the equilibrium price and quantity differently.
However, based on the given information, the change in supply is the primary factor driving the market changes. Option D is correct.
For more such question on supply. visit :
https://brainly.com/question/29440507
#SPJ8
If xij = the production of product i in period j, then to indicate that the limit on production of the company's 3 products in period 4 is 750, we write:
Group of answer choices
x34 ≤ 750
x13 + x23 + x33 + x43 ≤ 750
x41 + x42 + x43 ≤ 750
x34 + x34 + x34 + x34 ≥ 750
None of the above
If `xij` denotes the production of product `i` in period `j`, then to indicate that the limit on the production of the company's three products in period 4 is 750, we write `x13 + x23 + x33 ≤ 750`.
Option (b) `x13 + x23 + x33 + x43 ≤ 750` is the correct answer.
What is a Production?Production refers to the method by which an item is produced or manufactured, the manufacturing of products, or the amount of a commodity that is manufactured during a given period. Production is the process by which goods and services are generated. The manufacturing sector is responsible for a significant portion of all economic activity in a country. The main goal of a manufacturing company is to produce things efficiently and effectively. Production is essential for the development of society because it produces goods and services that people require or desire to survive.
Thus, the correct option is x13 + x23 + x33 + x43 ≤ 750.
To know more about Production, refer to the link below:
https://brainly.com/question/28284861#
#SPJ11
Hosmer Enterprises expects to earn $4 per share next year. The firm's ROE is 10% and its' plowback ratio is 60%. If the firm's market capitalization rate is 8% : C. What is the present value of its growth opportunities? (Do not round intermediate calculations, input the amount with 2 decimals, e.g., XX.XX, and do NOT put a "\$" sign in front of your answer)
The present value of Hosmer Enterprises' growth opportunities is approximately $54.55 per share.
The present value of the growth opportunities can be calculated using the Gordon growth model as follows:
PVGO = (Earnings per share - Dividends per share) / (Market capitalization rate - ROE * Plowback ratio)
First, we need to calculate the dividends per share. Since the plowback ratio is 60%, the dividend payout ratio is 40%:
Dividend payout ratio = 1 - Plowback ratio = 0.4
Therefore, the dividends per share are:
Dividends per share = Earnings per share * Dividend payout ratio
Dividends per share = $4 * 0.4 = $1.60
Next, we can use the formula above to calculate the PVGO:
PVGO = ($4 - $1.60) / (0.08 - 0.10 * 0.6)
PVGO = $2.40 / 0.044
PVGO = $54.55
Therefore, the present value of Hosmer Enterprises' growth opportunities is approximately $54.55 per share.
learn more about Enterprises here
https://brainly.com/question/28272182
#SPJ11
(a) Tom Tooey decided to open a consulting company in July 2021. Set up T-accounts for the following 12 accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Capital Stock; Dividends; Service Revenue; Salary Expense; Utility Expense; Supply Expense; and Rent Expense. Don’t put any numbers here until you get to (c), below! (b) Using journal entries record the following transactions of Tooey Consulting, Inc. during July, the first month of operations. Make sure you use only the accounts listed in part (a), above. July 1 $19,100 in cash was raised from selling capital stock in the new company, and was deposited in the company’s new bank account. 2 Bought supplies for cash, $1,100. 3 Purchased equipment for the office for a total price of $4,400. A 25% down payment was made, and the remainder was put on account. 6 Paid the first month's rent (July) of $3,300. 7 Received $4,190 for July services provided to cash customers. 9 Billed (by mail) customers for July services provided, $5,210. 13 Paid $700 on account. 17 Received $2,605 from customers on account. 26 Paid staff salaries of $4,600. 31 A $1,160 bill from the local electric company, covering the month of July arrived today. It is to be paidnext month, by August 10th. 31 An inventory of the supply room shows $350 worth remaining. 31 $560 in dividends was paid to stockholders. (c) Post the journal entries to the T-accounts set up in (a) above. Total the T-accounts and find and circle the proper ending balance in each account. (d) Prepare a trial balance in the proper format (with a 3-line heading) for July 31st, 2021 in the name of Tooey Consulting, Inc.
T account; cash: July 1: +$19,100. Journal entry: July 1: Cash $19,100 | Capital Stock $19,100, Posting the journal entry of the T accounts; cash: $37,355. Trial balance; Total: $65,715 $65,715
How to prepare a journal entry for the transactionsCertainly! Let's calculate the ending balance for each account based on the given exchanges.
(a) T-Accounts for the following accounts:
Cash:
July 1: +$19,100
July 2: -$1,100
July 7: +$4,190
July 31: -$1,160 (electric charge) and -$560 (profits)
Finishing Adjust: $19,190
Accounts Receivable:
July 9: +$5,210
July 17: -$2,605
Finishing Adjust: $2,605
Supplies:
July 2: -$1,100
July 31: -$350 (remaining stock)
Finishing Adjust: $750
Gear:
July 3: +$4,400
Finishing Adjust: $3,300
Accounts Payable:
July 13: -$700
Finishing Adjust: $0
Capital Stock:
July 1: +$19,100
Finishing Adjust: $19,100
Profits:
July 31: -$560
Finishing Adjust: $560
Benefit Income:
July 7: +$4,190
Finishing Adjust: $4,190
Compensation Cost:
July 26: -$4,600
Finishing Adjust: $4,600
Utility Cost:
July 31: -$1,160
Finishing Adjust: $1,160
Supply Cost:
July 31: -$1,100
Finishing Adjust: $1,100
Lease Cost:
July 6: -$3,300
Finishing Adjust: $3,300
(b) Journal entry for Tooey Counseling, Inc. amid July:
July 1: Cash $19,100 | Capital Stock $19,100
July 2: Supplies $1,100 | Cash $1,100
July 3: Gear $4,400 | Cash $1,100 | Accounts Payable $3,300
July 6: Lease Cost $3,300 | Cash $3,300
July 7: Cash $4,190 | Benefit Income $4,190
July 9: Accounts Receivable $5,210 | Benefit Income $5,210
July 13: Accounts Payable $700 | Cash $700
July 17: Accounts Receivable $2,605 | Cash $2,605
July 26: Compensation Cost $4,600 | Cash $4,600
July 31: Utility Cost $1,160 | Accounts Payable $1,160
July 31: Supply Cost $350 | Supplies $350
July 31: Profits $560 | Cash $560
(c) Posting the journal entry to the T-accounts:
Cash:
Starting adjust = $0
July 1: $19,100
July 2: $1,100
July 3: $1,100
July 6: $3,300
July 7: $4,190
July 13: $700
July 17: $2,605
July 26: $4,600
July 31: $560
ending balance = $19,100 + $1,100 + $1,100 + $3,300 + $4,190 + $700 + $2,605 + $4,600 + $560 = $37,355
Accounts Receivable:
Starting adjust = $0
July 9: $5,210
July 17: $2,605
Finishing adjust = $5,210 + $2,605 = $7,815
Supplies:
Starting adjust = $0
July 2: $1,100
July 31: $350
Finishing adjust = $1,100 - $350 = $750
Hardware:
Starting adjust = $0
July 3: $4,400 (25% down installment)
Finishing adjust = $4,400
Accounts Payable:
Starting adjust = $0
July 3: $3,300
July 13: $700
July 31: $1,160
Finishing adjust = $3,300 + $700 + $1,160 = $5,160
Capital Stock:
Starting adjust = $0
July 1: $19,100
Finishing adjust = $19,100
Profits:
Starting adjust = $0
July 31: $560
Finishing adjust = $560
Benefit Income:
Starting adjust = $0
July 7: $4,190
July 9: $5,210
Finishing adjust = $4,190 + $5,210 = $9,400
Compensation Cost:
Starting adjust = $0
July 26: $4,600
Finishing adjust = $4,600
Utility Cost:
Starting adjust = $0
July 31: $1,160
Finishing adjust = $1,160
Supply Cost:
Starting adjust = $0
July 31: $350
Finishing adjust = $350
Lease Cost:
Starting adjust = $0
July 6: $3,300
Finishing adjust = $3,300
(d) Trial balance for July 31, 2021, within the title of Tooey Counseling, Inc.:
Tooey Counseling, Inc.
Trial Adjust
Date: July 31, 2021
Account Charge Credit
Cash $37,355
Accounts Receivable $7,815
Supplies $750
Gear
Accounts Payable $5,160
Capital Stock $19,100
Profits $560
Benefit Income $9,400
Compensation Cost $4,600
Utility Cost $1,160
Supply Cost $350
Lease Cost $3,300
Tota; $65,715 $65,715
Learn more about journal entries here:
https://brainly.com/question/28390337
#SPJ4
3 years ago you bought a stock for $15.43 and just sold it for $59.08. The stock did not pay any dividends over your holding period. What was your annualized rate of return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).
The annualized rate of return for the stock investment over the three-year period is 29.69%.
To calculate the annualized rate of return, we need to use the formula:
Annualized Return = (Ending Value / Beginning Value) ^ (1 / Number of Years) - 1
In this case, the beginning value of the stock was $15.43, and the ending value was $59.08 after three years. Plugging these values into the formula, we get:
Annualized Return = ($59.08 / $15.43) ^ (1 / 3) - 1
Calculating this expression yields an annualized return of 0.2969, which can be converted to a percentage by multiplying by 100. Thus, the annualized rate of return is 29.69%. This means that on average, the investment grew at a rate of approximately 29.69% per year over the three-year period.
To learn more about investment, click here:
brainly.com/question/15105766
#SPJ11
A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is in control, package weight is normally distributed with a mean of 20 ounces and a standard deviation of two ounces. Each day last week, he randomly selected four packages and weighed each: What is the mean of the sampling distribution of sample means when this process is in control? Day Monday Tuesday Wednesday Thursday Friday Selected Answer: Answers: 21 ounces 18 ounces 19 ounces 20 ounces 23 23 20 18 18 Weight (ounces) 22 23 21 19 19 20 19 20 20 22 24 21 21 19 20
The mean of the sampling distribution of sample means, when the packaging process is in control, is 20 ounces.
When the process is in control and the package weight is normally distributed with a mean of 20 ounces and a standard deviation of two ounces, the mean of the sampling distribution of sample means will also be 20 ounces. This is because the sampling distribution of sample means tends to be centered around the population mean. When multiple samples of size four are taken from the process, the average of those sample means will converge to the population mean. In this case, the mean weights observed on each day may vary, but their average over multiple days will tend to be close to the population mean of 20 ounces.
To learn more about sample means visit;
https://brainly.com/question/31101410
#SPJ11
1. What is/are the outcomes of interest (the dependent variables)?
2. What methods are used to measure the exposures and outcomes?
3. Based on the results presented in Table 2, it appears that the association of gestational diabetes and pregnancy-induced hypertension is not particularly strong (adjusted Ors range from 1.27-1.53). Tables 3 and 4 give associations stratified by ethnicity (Table 3) and frequency of prenatal care (Table 4). Does it appear that the association may be stronger for certain subgroups? What is this called?
4. How would you set up this study as a case-control study if you have identified it as a cohort or how would you set this up as a cohort if you have identified it as a case-control study?
Please be very detailed in your answer
Dependent variables are variables that are being examined or analyzed in statistics and research and are influenced or affected by other factors. They may also be known as the criterion variable, response variable, or outcome variable.
1. The dependent variables are gestational diabetes and pregnancy-induced hypertension.
2. Methods used to measure the exposures and outcomes include serum glucose level, blood pressure, and diagnostic tests for gestational diabetes and hypertension.
3. Based on the results presented in Table 2, it appears that the association of gestational diabetes and pregnancy-induced hypertension is not particularly strong (adjusted ORs range from 1.27-1.53). Tables 3 and 4 give associations stratified by ethnicity (Table 3) and frequency of prenatal care (Table 4). It appears that the association may be stronger for certain subgroups. This is called effect modification.
4. To set up this study as a case-control study, you would select a group of pregnant women who have been diagnosed with gestational diabetes and/or pregnancy-induced hypertension and match them with a group of women who did not develop these conditions during their pregnancy. You would then compare exposure to risk factors between the two groups.
To know more about Dependent Variables visit:
https://brainly.com/question/17034410
#SPJ11
Louis Vuitton, the world’s most profitable luxury brand, has skills that are superior to its competitors in which of the following areas that contribute to the value consumers derive from the brand?
product design and manufacturing
distribution and inventory management
logistics and purchasing
advertising and retail sales management
Louis Vuitton's success can be attributed to its focus on quality, innovation, and exceptional design, as well as its ability to capture and maintain a strong position in the global luxury fashion market.
Louis Vuitton is a French luxury fashion house and retail company founded in 1854 by Louis Vuitton. It is one of the world's leading fashion brands and is renowned for its high-quality leather goods, including handbags, luggage, and accessories. The company has a reputation for exceptional craftsmanship, attention to detail, and innovation in design.
In addition to leather goods, Louis Vuitton also offers a wide range of products, including clothing, shoes, watches, jewelry, and fragrances. The brand is known for its distinctive monogram pattern, which has become an iconic symbol of luxury and status.
The company operates through a network of boutiques located in major cities around the world, as well as through its e-commerce platform. It also operates several production sites in France, Spain, and the United States, where it employs skilled artisans and craftspeople.
Louis Vuitton is part of the LVMH Moët Hennessy - Louis Vuitton SE group, which is a multinational luxury goods conglomerate that owns several other high-profile fashion brands, including Christian Dior, Fendi, Givenchy, and Celine.
Overall, Louis Vuitton's success can be attributed to its focus on quality, innovation, and exceptional design, as well as its ability to capture and maintain a strong position in the global luxury fashion market.
learn more about market here
https://brainly.com/question/14418904
#SPJ11
Which of the following statements is wrong?
a. Although its pace was relatively slower compared to trade liberalization, financial liberalization started with the 1980 stabilization program.
b. In 1989, the capital account was fully liberalized
c. Credit financing from the banking sector and interfirm borrowing did not lose their importance after 1989.
d. Financial liberalization resulted in financial deepening in Turkey after 1989.
The statement that is wrong is: b) In 1989, the capital account was fully liberalized.The other statements (a, c, and d) are accurate based on the given information.
However, the statement in option b is incorrect. It states that the capital account was fully liberalized in 1989, which is not supported by the information provided.
Financial liberalization refers to the process of removing restrictions on financial transactions and allowing for greater capital mobility. While the given options do not provide extensive details or context, it is important to note that the liberalization of the capital account typically involves gradual reforms over time, rather than a sudden and complete liberalization in a single year.
Therefore, the statement in option b is the one that is incorrect, as it presents an overly simplistic view of the capital account liberalization process.
To know more about Capital Account, visit : brainly.com/question/13275642
#SPJ11
QUESTION 5 Niebuhr Company issued $400,000 of bonds on January 1, 2021. Instructions a. Prepare the journal entry to record the retirement of the bonds at maturity, assuming the bonds were issued at 100. b. Prepare the journal entry to record the retirement of the bonds before maturity at 97. Assume the balance in Premium on Bonds Payable is $4,000.
Journal entry to record the retirement of the bonds at maturity (issued at 100):
Date: Maturity Date
Debit: Bonds Payable ($400,000)
Credit: Cash ($400,000)
The bonds are retired at maturity, the company simply pays the face value of the bonds and eliminates the liability. There is no gain or loss.
Journal entry to record the retirement of the bonds before maturity at 97 (with Premium on Bonds Payable of $4,000):
Date: Retirement Date
Debit: Bonds Payable ($400,000)
Debit: Premium on Bonds Payable ($4,000)
Credit: Gain / Loss on Bond Retirement ($16,000) [($404,000 - $388,000)]
Credit: Cash ($388,000) [($400,000 × 97%)]
The bonds are retired before maturity at a discount, the company needs to account for the difference between the carrying value of the bonds and the cash paid. Also, Premium on Bonds Payable has to be reversed.
To know more about Journal entry of Bonds, refer
https://brainly.com/question/31782926
#SPJ4
Q1:Salam and Istisnaa
a- In what sense is Istisna’a and Salam an asset-based or equity-based source of finance?
b- What is the risk for the Rab ul Mall providing the finance?
Istisna'a and Salam are considered asset-based sources of finance. In both cases, the financing is provided based on the underlying assets involved in the transaction.
a) Istisna'a and Salam are considered asset-based sources of finance. In both cases, the financing is provided based on the underlying assets involved in the transaction. Istisna'a is a contract for the sale of specific goods to be manufactured or constructed in the future, while Salam is a contract for the purchase of goods to be delivered at a later date. In both cases, the financing is tied to the assets being produced or acquired.
b) The risk for the Rab ul Mall (the provider of finance) in Istisna'a and Salam transactions depends on various factors. Some potential risks include:
Counterparty Risk: The risk that the counterparty (the party responsible for delivering the goods) may default or fail to fulfill their obligations. If the counterparty fails to deliver the goods as agreed, the Rab ul Mall may face losses or delays in recovering their investment.Performance Risk: The risk that the manufactured or acquired goods may not meet the desired quality, specifications, or requirements. If the goods do not meet the expected standards, it can lead to financial losses for the Rab ul Mall.Market Risk: The risk that market conditions or prices may change unfavorably during the production or delivery period. This can affect the profitability of the transaction for the Rab ul Mall, especially if prices decline significantly.Operational Risk: The risk associated with the production or delivery process, including delays, disruptions, or unforeseen challenges. These operational risks can impact the timely completion of the transaction and may result in additional costs for the Rab ul Mall.To know more about Istisna follow the link:
https://brainly.com/question/32785678
#SPJ4
1. What is management science? Why is it considered a science
and does that augment its importance and significance in the
process of business operations?
Management Science is an interdisciplinary field of study that applies mathematical and scientific approaches to solve management problems.
The primary objective of management science is to provide solutions for complex problems and decision-making processes in organizations using quantitative analysis. It is considered a science because it applies scientific methods to formulate, evaluate, and analyze managerial decisions. Thus, it can be said that the scientific approach is what makes Management Science a science and this approach augments its importance and significance in the process of business operations.
Overall, Management Science is a valuable discipline that provides organizations with scientific methods and tools to help them make informed decisions and optimize their operations. By utilizing these scientific methods, organizations can improve their efficiency, reduce costs, and achieve their goals.
To know more about Management Science visit-
https://brainly.com/question/30325986
#SPJ11
Consider the following transactions for CC Publishing. (Click the icon to view the transactions.) Dec. 6: Received a $18,000,90-day, 6% note in settlement of an overdue accounts receivable from Go Go Publishing.
The fact that the note is for a duration of 90 days at an annual interest rate of 6% indicates that Go Go Publishing will compensate CC Publishing for the delayed payment by paying an additional $270 (6% of $18,000) in interest at the time the note matures.
On December 6, CC Publishing accepted a $18,000 note from Go Go Publishing. The note is due in 90 days, and it has a 6% annual interest rate.The note can be exchanged for cash at the bank for its face amount at maturity. In other words, the note's face value of $18,000 will be reimbursed when it matures on March 6th (90 days after December 6th).
Here, CC Publishing has acquired a financial instrument (a note receivable) in return for an accounts receivable that had been outstanding. The face amount of the note is $18,000, which is the value of the overdue accounts receivable.
To know more about interest rate visit:
https://brainly.com/question/14556630
#SPJ11
2.25 2.00 1.75 1.50 1.25 1.00 0.75 0.50 Label axes • Sketch a possible labour demand curve for the firm above - include the precise points corresponding to the initial and final scenarios represented In this model, does a union wage raise always cause the firm to reduce employment and use more capital? 0.25 0 2 3 4 5 6 7 8 9 10 Why is the marginal revenue product of labour not equal to this curve?
The labor demand curve for the firm is downward sloping, indicating that as the wage rate increases, the firm's demand for labor decreases. However, whether a union wage raise always causes the firm to reduce employment and use more capital depends on the specific circumstances and the elasticity of labor demand.
The labor demand curve represents the relationship between the wage rate and the quantity of labor demanded by the firm. As the wage rate increases, the firm's cost of employing labor increases, which leads to a decrease in the quantity of labor demanded. The specific shape of the labor demand curve depends on various factors such as the productivity of labor, the price of the firm's output, and the elasticity of labor demand.
When it comes to the impact of a union wage raise on employment and capital use, it depends on the elasticity of labor demand. If the labor demand is highly elastic, meaning that a small increase in wages leads to a significant decrease in the quantity of labor demanded, the firm may choose to reduce employment and substitute labor with capital to control costs. However, if the labor demand is relatively inelastic, a union wage raise may have a smaller impact on employment as the firm may not be able to easily substitute capital for labor.
The marginal revenue product of labor represents the additional revenue generated by hiring an additional unit of labor.
Learn more about marginal revenue : brainly.com/question/33446428
#SPJ11
A financial talk show host claims to have a 62.5% success rate in his investment recommendations. You collect some data over the next few weeks, and find that out 10 recommendations, he was correct 3 times. If the claim is correct and the performance of recommendations is independent, what is the probability that you would have observed 4 or fewer successful recommendations out of 10 ? Enter answer as a percentage, accurate to two decimal places.
The probability of observing 4 or fewer successful recommendations out of 10, assuming a 62.5% success rate and independent performance, is approximately 37.70%.
To calculate the probability of observing 4 or fewer successful recommendations out of 10, we can use the binomial probability formula.
The formula for the binomial probability is:
P(X ≤ k) = ∑ [C(n, x) * p^x * (1-p)^(n-x)]
Where:
P(X ≤ k) is the probability of observing k or fewer successful recommendations
n is the total number of trials (10 recommendations)
x is the number of successful recommendations (ranging from 0 to 4)
p is the probability of success in a single trial (62.5% or 0.625)
Using this formula, we can calculate the probability as follows:
P(X ≤ 4) = C(10, 0) * 0.625^0 * (1-0.625)^(10-0) +
C(10, 1) * 0.625^1 * (1-0.625)^(10-1) +
C(10, 2) * 0.625^2 * (1-0.625)^(10-2) +
C(10, 3) * 0.625^3 * (1-0.625)^(10-3) +
C(10, 4) * 0.625^4 * (1-0.625)^(10-4)
We can calculate this probability to be approximately 37.70%.
Therefore, the probability of observing 4 or fewer successful recommendations out of 10, assuming a 62.5% success rate and independent performance, is approximately 37.70%.
To know more about performance visit:
https://brainly.com/question/14506325
#SPJ11
Julia Baker died, leaving to her husband Morgan an insurance policy contract that provides that the beneficiary (Morgan) can choose any one of the following four options. Money is worth 2.5% per quarter, compounded quarterly. Compute Present value if: Click here to view factor tables (b) $4,050 every 3 months payable at the end of each quarter for 5 years. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.8. 458.581.) Present value
To calculate the present value of the insurance policy option, which offers $4,050 every 3 months for 5 years, we can use the provided interest rate of 2.5% per quarter, compounded quarterly. By applying the appropriate factor tables and rounding the values, we can determine the present value of the payments.
To calculate the present value, we need to discount each payment to its present value using the formula:
PV = PMT * (1 - (1 + r)^(-n)) / r,
where PV is the present value, PMT is the payment amount, r is the interest rate per period, and n is the number of periods.
Using the given information, we can calculate the present value of $4,050 every 3 months for 5 years by plugging in the values into the formula and rounding the result to 0 decimal places.
To know more about insurance policy here: brainly.com/question/24984403
#SPJ11
The company purchased the equipment for $37,000 on January 1, 2019. The equipment had an estimated useful life of 5 years, and its residual value was $9000. The company uses the straight-line method of depreciation. (30%)
Calculate the gain or loss if the equipment is sold for $25,000 on December 31, 2020, the last day of the accounting period. (Show calculation process)
Prepare journal entries on December 31, 2020 (Need explanation)
Cost of Equipment= $37,000Useful Life of Equipment= 5 years Residual Value= $9,000Depreciation Rate= 30%Calculation of Depreciation: Depreciation= (37,000 - 9,000) * 30%2020 Depreciation= $8,400Gain or Loss: We know that carrying value of Equipment at the end of 2020 is, Carrying Value of Equipment= Cost of Equipment - Depreciation of Equipment
Carrying Value of Equipment
= 37,000 - 16,800Carrying Value of Equipment
= $20,200We can now calculate the Gain or Loss on Sale of Equipment using the formula as:
Gain or Loss= Selling Price - Carrying Value of Equipment Gain or Loss\
= $25,000 - $20,200
Gain or Loss
= $4,800
Gain Prepare journal entries on December 31, 2020:There are two journal entries that must be recorded on December 31, 2020.
Depreciation Journal Entry: Depreciation Expense A/c ………Dr. $8,400.00 Accumulated Depreciation A/c $8,400.00(To record depreciation on equipment) Sale of Equipment Journal Entry: Cash A/c ……………………….. Dr. $25,000.00 Accumulated Depreciation A/c ….. Dr. $16,800.00Loss on Sale of Equipment A/c ….. Dr. $4,800.00Equipment A/c ……………………… Cr. $37,000.00
(To record sale of equipment)
To know more about Depreciation visit:-
https://brainly.com/question/14861580
#SPJ11
Please help- need example and in-depth answer of the following:
-Both of this week's articles discuss strategic approaches to identifying market opportunities.
-Identify a company that seems to be applying one of these techniques and explain how you see the application being used.
One of the companies that have applied strategic approaches to identifying market opportunities is Apple Inc. The company has a long-standing tradition of investing heavily in research and development to identify market opportunities.
Apple uses the R&D approach as a strategic approach to identify market opportunities.Apple Inc has a history of being a pioneer in the technology sector. The company has been introducing new products and ideas to the market for many years. They have an innovative approach to technology, which enables them to create new products that appeal to consumers and capture the market. For example, Apple identified the opportunity to create a smartphone that is user-friendly and easy to use. They created the iPhone, which became an instant hit among consumers. They also identified the market opportunity to create a tablet device that was portable and easy to use. The iPad was born. These products not only created new markets but also revolutionized existing ones.The company's focus on research and development allows them to identify market opportunities that others may miss. They invest heavily in innovation, and their products are known for their quality and user-friendliness. This focus on innovation has helped Apple to stay ahead of its competitors and capture the market.They have been successful in creating new markets and dominating existing ones by using strategic approaches to identifying market opportunities.
To learn more about strategic approaches, visit here
https://brainly.com/question/29855478
#SPJ11
