The claim is accurate. When an expense is incurred, not when it is paid in cash, it is recorded.
What kinds of expenses come to mind?A few examples of expenses are rent, utilities, pay, salaries, upkeep, depreciation, insurance, or the cost of items supplied.
How would you define expenses?The money you must spend to pay for the goods and services you consume or purchase is referred to as an expense. Two categories of expenses exist: Your needs are met by essential costs like your mortgage or rent, electricity, groceries, etc. Discretionary spending pay for your desires, such as eating out, seeing movies, and taking trips.
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u.s. riots may cause you to think about in the u.s. which is likely to the probability that you will want to do business in the u.s. t/f
It might be difficult to tell if someone is being sincere when their actions have hidden motives.
What are the two diseases that are most common in the United States?
One in five adults in America will experience a mental illness at some point in their lives, according to the National Alliance of Mental Health. Presently, about 10 million Americans experience a severe mental disease. Bipolar disorder, major depressive disorder, and anxiety disorders are the most common.
Who is competent to use the DSM?
Given the importance of general medical knowledge in making an appropriate mental diagnosis, the correct use of this manual is for psychiatrists to certify the official diagnosis. The exception would be the thoroughly screened and qualified staff of the American Board of Psychiatry and Neurology.
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kendra is a manager for a sales company that sells several different products. she makes it a priority to obtain expert knowledge of each product sold and how to use them. what type of leadership skill is this?
Kendra is a manager for a sales company that sells several different products. she makes it a priority to obtain expert knowledge of each product sold and how to use them. This is a type of technical competence leadership skill.
What is leadership skill?The qualities and talents that people possess that enable them to manage operations, direct initiatives, and direct their teams toward the accomplishment of objectives are known as leadership capabilities.
Technical competencies are the skills and knowledge needed to use particular technical information and principles in a work function or role. They are the "what" of carrying out a job and are often learned in a classroom or on the job. One instance of technical competency in counseling.
Therefore, This is a type of technical competence leadership skill.
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When the Accrued Salaries Expense account is closed, the amount of:
The amount of "salaries expense account decreases, retained earnings decrease" when the Accrued Salary Expense account is closed.
The Accrued Salaries Expense account is used to record the amount of salary that employees have earned but have not yet been paid. When this account is closed, the amount that has been accrued is transferred to the Salaries Expense account, which is an income statement account. This results in a decrease in the balance of the Accrued Salaries Expense account and an increase in the balance of the Salaries Expense account.
Since expenses decrease equity, the decrease in the Salaries Expense account balance will result in a decrease in Retained Earnings, which is a component of equity. This decrease in Retained Earnings reflects the fact that the company has incurred a cost (salaries expense) that reduces the amount of earnings that can be retained in the business for future use.
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which of the following is least likely to promote economic growth? a investment in tools and machines. b investment in training of labor. c increase in consumption of nondurable goods. d tax credit for technology improvement. e none of the above - all of these would promote economic growth.
c. Increase in consumption of nondurable goods is least likely to promote economic growth
Nondurable goods are any consumer items that must be replaced in subsequent purchases because they are either used up quickly or consumed in one use, depending on the type of economy. The least likely way to encourage economic growth is to boost nondurable goods consumption.
Little increases or declines in the purchasing of nondurable products are not regarded as economic indicators because they are a stable component of an economy. Whereas, investments can help create the aggregate demand that is necessary for economic growth, whereas durable products, such as automotive fuel, are often a larger part of short-run economic growth than nondurable items.
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What is the outcome of enforcing contracts and property rights in a market​ system?
In one equilibrium, property rights are upheld and market activity is unrestricted. The other lacks the enforcement of property rights, which discourages commerce.
Equilibrium and an example are what?
The Latin word libra, which means weight or balance, is where the word equilibrium first appeared. Examples of equilibrium include an open book that is at rest. an automobile moving steadily. a chemical reaction where the rates of reaction both forward and backward are equal. Chemical equilibrium is the condition in which the amount of reactants or products has not changed significantly throughout a reversible chemical reaction. When a chemical reaction is reversible, the products begin to interact with the original reactants right away.
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QuestionWhich of the following gives a vertical demand curve?APerfectly elastic demandBPerfectly inelastic demandCImperfect elastic demandDImperfect inelastic demand
The correct option is B. Perfectly inelastic demand gives a vertical demand curve.
When a price adjustment has no impact on the quantity required, the demand is said to be perfectly inelastic. The demand curve is vertical in this instance, and there is no demand elasticity. Products that are regarded as essential typically have very low elasticities. That is, we will continue to purchase them regardless of their increasing cost. Gasoline, basic foods, and healthcare are examples of items having low elasticities. A demand curve is said to be totally inelastic if it is perfectly vertical (up and down). The excellent is referred to as "elastic" or "very elastic" if the curve is shallow rather than steep. This implies that a little change in the good's price will result in a significant change in the amount required. We refer to a curve as being perfectly elastic if it is perfectly flat (horizontal). Luxury goods are frequently quite elastic; if the price goes up slightly, customers will switch to something else.
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felicia and bernard have decided to go into the quarry business together. they start by writing an agreement that explains the parameters of the business they will own and the responsibilities and roles each of them will have in the business. they have created a(n) .
Examples of typical partnership businesses are law firms, medical groups, real estate investment firms, and accounting groups.
What are the different types of partnerships?
There are four different types of business partnerships:
collaborating as an LLC (also known as a multi-member LLC)
Limited-risk enterprise (LLP)
restricted alliance (LP)
common alliance (GP)
What distinguishes simple from compound partnerships?
When two or more people invest their money in a firm, those individuals are referred to as Partners, their relationship is a Partnership, and the money is Capital. If both partners make an investment at once, the relationship is referred to as a simple partnership. If they put money aside for a future date, they create a compound partnership.
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which step of business process management allows managers to create a continually improving process?a. Step 3: process executionb. Step1: process designc. Step 5: proses optimizationd. Stepp 4: process monitoring
Step 5: process optimization is the step of business process management that allows managers to create a continually improving process. Option C is correct.
This step involves analyzing data from the process and identifying opportunities for improvement. Once opportunities are identified, changes are made to the process, and then the process is tested to see if the changes have had the desired effect.
The process is then monitored to ensure that the changes are sustainable and that the process continues to perform well over time. By continually optimizing the process, managers can ensure that their organization is operating efficiently and effectively.
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the form of a trade agreement that builds upon the elimination of internal tariff barriers and the establishment of common external barriers is:
Customs union builds upon the elimination of internal tariff barriers, the establishment of common external barriers, and the free flow of factors.
A customs union is an agreement between two or more countries to remove trade barriers and lower or eliminate tariffs. Members of a customs union generally apply a common external tariff on imports from non-member countries. The European Union (EU) is an example of a customs union.
Customs unions are groups of countries that apply one common system of procedures, rules and tariffs for all or almost all their imports, exports and transiting goods.
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in terms of the midpoint formula, what explains the change in elasticities? compare the elasticities in this problem to those found in the original demand curves. if we compare the elasticities, we can see that an increase in quantity at every price reduces the elasticity. the percentage change in quantity is smaller given the higher quantity purchased at every price.
The midpoint formula is used to calculate the price elasticity of demand. It measures the percentage change in quantity demanded divided by the percentage change in price, between two points on a demand curve.
What is midpoint formula ?(quantity2 - quantity1) / ((quantity1 + quantity2) / 2) / (price2 - price1) / ((price1 + price2) / 2)When we examine the elasticities in the problem, we can observe that a bigger quantity purchased at each price reduces the elasticity because the percentage change in quantity is smaller as a result of the higher quantity. As a result, the demand becomes less sensitive to price changes as the supply increases."C. the moral mentor test" is the incorrect response option. The decision-making metric takes into account the other four options: the admired observer test, the legality test, the publicity test, and the transparency test.
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What is the study of proper business policies and practices regarding potentially controversial issues?
A
Ethics
B
Business Ethics
C
Company Values
D
Corporate Social Responsibility
The study of proper business policies and practices regarding potentially controversial issues is called Business Ethics.
The correct answer is B. Business Ethics.
Business ethics is the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. It is an important aspect of any business and is crucial for maintaining a positive reputation and preventing legal issues. In addition, business ethics can help protect employees, customers and other stakeholders from unethical practices.
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the common market arrangement that groups brazil, argentina, paraguay, uruguay, bolivia, chile, colombia, ecuador, peru, and suriname is called
The agreement that unites Brazil, Argentina, Paraguay, Uruguay, Bolivia, Chile, Colombia, Ecuador, Peru, and Suriname is known as Mercosur, or the Southern Common Market.
What is the Mercosur, or the Southern Common Market?Mercosur, or the Southern Common Market, is the agreement that brings together Brazil, Argentina, Paraguay, Uruguay, Bolivia, Chile, Colombia, Ecuador, Peru, and Suriname.
Argentina, Brazil, Paraguay, and Uruguay previously made up the economic and political bloc known as Mercosur or the Southern Common Market.
In 2019, the European Union and Mercosur established a preliminary understanding of the proposed free trade deal between the two parties.
The proposed agreement was unveiled on June 28 at the G20 summit in Osaka, Japan, after 20 years of talks.
The association agreement would cover political discourse and collaboration in addition to trade.
On June 18, 2020, negotiations for these two components came to an end.
Therefore, the agreement that unites Brazil, Argentina, Paraguay, Uruguay, Bolivia, Chile, Colombia, Ecuador, Peru, and Suriname is known as Mercosur or the Southern Common Market.
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Answer: Mercosur is the market arrangement that groups of south american countries made.
Explanation:
A​ ______ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.
A transnational organisation is a multinational corporation with an international focus that does not regard any specific nation as its base, residence, or headquarters.
What purpose do global corporations serve?MNCs are essential to the expansion of the economy in the age of globalisation. MNCs make a contribution through foreign direct investments. Fdi has a direct impact on the GDP, GNP, foreign trade, and foreign reserves. Being an MNC can be quite advantageous to a firm. A multinational corporation (MNC), also known as a multinational company, is any business that is registered and operating simultaneously in more than one country. The corporation often has its headquarters in one country and operates fully or partially owned subsidiaries in other countries. The majority of company decisions are made by a small number of people in a system of organisation known as centralised management.
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suppose you live through age 90. how much money will you be able to bequeath (i.e. pass on in your will)?
It is impossible to answer this question as the amount of money you will be able to bequeath in your will depends on a variety of factors such as your income, savings, investments, and lifestyle.
The amount of money that you can bequeath depends on many factors such as your income, lifestyle, investments, and other sources of wealth. It is impossible to answer this question without knowing more information about your financial situation.
Depending on your resources, you may be able to leave a large sum or a small amount. Ultimately, the amount of money that you can bequeath will depend on your individual circumstances.
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under what conditions would it be advisable to use a strong matrix instead of a dedicated project team?
The concept is a Matrix organization. It is an organization that has more than one form of governance.
When the organization cannot afford to employ people full-time and the organizational culture supports a dual power structure. When the organizational culture supports a dual power structure
Matrix Organization is an organizational structure in which some individuals report to more than one manager or managerial relationship—relationships known as ongoing or dotted relationships.
Dedicated Design Teams are recommended when:
They only see it from the point of view of what is best for the implementation of the project; would be recommended when the organizational culture does not support collaboration or innovationA strong matrix is recommended when an organization cannot afford to have staff working full-time on a project and the organizational culture supports a dual power structure. Characteristics of the matrix organization include:
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the two primary outcomes of interest to ob researchers, employees, and managers are . group of answer choices company profitability and shareholder value job performance and organizational commitment team process and diversity leadership behaviors and leadership style motivation and stress
b) Job performance and organizational commitment are the two main outcomes that ob researchers, employees, and managers are interested in.
What is the organizational commitment?How devoted a team is to its workplace is measured by organizational commitment. High levels of dedication can improve team morale, boost workplace efficiency, and help a business accomplish its goals.
Whether you're a team lead or a team participant, understanding how to develop an organizational culture that prioritizes dedication will improve your capacity to produce results and meet objectives.
The level of involvement and dedication team members have for both their specific roles and the organization is referred to as organizational commitment. It also outlines the various motives for which professionals choose to stay with their current work rather than look for employment elsewhere.
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in 1990, the average price of a gallon of regular gasoline in the u.s. was $1.34. in 2013, the average price was $3.52. cpi in 1990 was 130.7 and the cpi in 2013 was 232.8. how much is a 1990 gallon of gas expressed in 2013 dollars?
In 2013, the average price was $3.52, CPI in 1990 was 130.7 and the CPI in 2013 was 232.8. 1990 gallons of gas expressed in 2013 dollars is $2.38.
What is CPI?The Consumer Price Index (CPI) measures the overall change in consumer prices based on goods and services over time.
Prices increase over time, but prices can also decrease this is a situation called deflation. The most well-known indicator of inflation is the Consumer Price Index (CPI).
When the Consumer Price Index is rising it means that consumer prices are also rising, and when it decreases it means consumer prices are decreasing. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation or even deflation.
Therefore, 1990 gallons of gas expressed in 2013 dollars is $2.38.
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suppose a market contains a few firms, many consumers, differentiated products, and a belief by firm managers that other firms will match price decreases, but not price increases. what type of market is this?
A belief by firm managers that other firms will match price decreases, but not price increases .This type of market is oligopoly.
How is an oligopoly distinguished?Concentration ratios, which calculate the percentage of the market that a specific number of companies hold, can be used to identify oligopolies. Economists typically classify an industry as an oligopoly when there is a high concentration ratio in that industry.
What products are oligopolies?The entry of enterprises is restricted, nevertheless, due to the high capital requirements and significant economies of scale involved in the production of the items. Electronics, cereals, cigarettes, athletic goods, automobiles, and aircraft are examples of products produced by a differentiated oligopoly.
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a sum of money invested at 2% per 6-month period (semiannually) will double in amount in approximately how many years?
The total money invested at 2% every 6 months (semiannually) doubles in about 17.5 years.
What are annual and semi-annual?Biannual is simply the term for the twice-yearly event. For example, a company can have a company party every six months, a couple can celebrate a wedding every six months, and a family can take a vacation every six months.
What is semi-annual for 5 years?If the interest is compounded semi-annually, this means the compounding period is 6 months. So if you have a 5 year loan with interest compounded semi-annually, the total interest up to that period is 9 times the principal.
Is semi-annually 2 times a year?Semi-annual is an event that is held twice a year, every six months. In a business environment, semiannuals are recurring, like payments and interest rates.
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who participates in markets? multiple choice business firms and consumers. all of the choices are correct. consumers and government agencies. business firms.
Consumers and government agencies business firms participates in markets. The exchange of goods and services can take place in a market, which is a gathering place for interested parties. The answer is OPTION D.
Buyers and sellers are typically the parties involved. Market participants are buyers and sellers who are engaged in transactions for an asset or liability on the main market. These participants are not related parties, are able to enter into a transaction to buy or sell the item and are motivated to do so.
They also have a reasonable understanding of the asset or liability. As a result, the market's function is to serve as a platform through which potential buyers and sellers can communicate and exchange goods.
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What is an insurer required to do when faced with an error made under the Misstatement of Age provision?
Cancel the policy
Pay age-corrected benefits
Pay full benefits as stated in the policy
Bill the policyowner for back premiums
When an insurer is faced with an error made under the Misstatement of Age provision, they are required to pay age-corrected benefits.
This means that the insurer will adjust the benefits to reflect the correct age of the insured. If the insured is actually older than stated on the policy, the benefits will be reduced to reflect the higher risk associated with an older age. If the insured is actually younger than stated on the policy, the benefits will be increased to reflect the lower risk associated with a younger age.
The insurer may also bill the policy owner for back premiums if the correct age would have resulted in a higher premium. However, the insurer cannot cancel the policy or pay full benefits as stated in the policy if there is a misstatement of age.
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1. are it applications an asset or an expense? 2. what is the main purpose of allocating it costs to user departments? 3. as a percentage of sales, how much should a company spend on it?
IT application costs and benefits are both possible. Budgeting and decision-making are the major reasons for allocating IT costs. Although there is no predetermined amount, IT spending typically amounts to 3-5% of total sales.
Applications for information technology (IT) can be viewed as both a cost and an asset. On the one hand, they can provide a tremendous advantage in terms of improved production, efficiency, and competitiveness. However, they can also be expensive to purchase, use, and maintain. Determining the true cost of utilizing and reaping the benefits of IT applications is the major goal of allocating IT costs to user departments. This data can be used to distribute IT costs in a way that is consistent with the overall objectives and plans of the business and to make educated decisions regarding IT investments. The right amount of money a business should spend on IT will vary based on the particular circumstances, hence there is no universally applicable solution to this topic.
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licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential blank that a firm may identify during a swot analysis. multiple choice question. threats strengths weaknesses opportunities
These are the examples of potential Strengths that a firm may identify during a swot analysis.
What is a brand?A brand is any attribute that identifies one seller's product or service from that of other sellers, such as a name, word, design, symbol, or other feature. Businesses, marketers, and advertisers utilize brands to build and preserve brand equity for the product or service they are promoting, which benefits the brand's consumers as well as its shareholders and owners.
Describe the license.A formal authority or approval to do, utilize, or own anything is known as a license. As a component of an agreement between these parties, one party grants a license to the other party.
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perry is planning a vacation to europe in 2 years. how much should he invest in an account that pays 3% simple interest to get the $3500 that he needs for the trip? round to the nearest dollar.
Perry needs to invest approximately $58,333.33 to get $3500 in two years at a simple interest rate of 3%. Rounded to the nearest dollar, the answer is $58,333.
Why it is?
To calculate the amount Perry needs to invest to get $3500 in two years at a simple interest rate of 3%, we can use the formula:
Simple Interest = Principal x Interest Rate x Time
where:
Principal is the amount Perry needs to invest
Interest Rate is 3% expressed as a decimal, i.e., 0.03
Time is 2 years
Substituting the given values, we get:
3500 = Principal x 0.03 x 2
Solving for the Principal, we get:
Principal = 3500 / (0.03 x 2)
Principal = 3500 / 0.06
Principal = 58333.33
Therefore, Perry needs to invest approximately $58,333.33 to get $3500 in two years at a simple interest rate of 3%. Rounded to the nearest dollar, the answer is $58,333.
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when the floor rusted through on her old car, kelly knew she had a problem. logically, kelly's next step in the consumer decision process would be to
Option B. search for information. Logically, Kelly's next step search for information.
The consumer decision process is the decision-making process that consumers use in relation to market transactions before, during and after purchasing goods or services.
When there are several options, this can be considered a special form of cost-benefit analysis.
Common examples are shopping and dining choices. Decision-making is a psychological component. This means that we cannot "see" the decision, but we can conclude that the decision was made from the observable behavior.
Therefore, we conclude that a psychological "decision-making" event has occurred. It is an interpretation that implies a duty to act. That is, we assume that people commit to perform actions based on observable.
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Complete question:
When the floor rusted through on her old car, Kelly knew she had a problem. Logically, Kelly's next step
in the consumer decision process would be to
A. identify her need.
B. search for information.
C. evaluate alternatives.
D. purchase a new car.
E. assess her satisfaction with the car she purchased.
what is a trial balance? a summary document containing assets, liabilities, and equities and comprising one of the three primary financial statements a schedule reconciling the sum of the revenues with the sum of expenses and dividends a listing of all of the ledger accounts and their balances an initial transaction analysis performed whenever inventory is sold on credit
A trial balance is a listing of all of the ledger accounts and their balances.
A trial balance is a list of all the accounts a company has with their respective balances. The trial balance is a snapshot of the financial status of a company and is used to verify that the total debits equal the total credits in the general ledger. It is typically used to prepare financial statements, such as the balance sheet and income statement. It also helps detect errors in the accounting system before preparing the financial statements.
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ranch services just paid its annual dividend of $2.50 per share. the dividends are expected to grow at 24 percent annually for the next 4 years and then level off to an annual growth rate of 7 percent indefinitely. what is the price of this stock today given a required return of 10.25 percent?
the stock price today is $97.44. The dividend discount model, which argues that the price of a stock is equal to the present value of all projected future dividends, must be used to address this problem.
This model's formula is as follows: P = D / (r - g) (r - g) where P is the stock price and D is the next dividend payment r = necessary rate of return g = estimated yearly dividend growth rate In this scenario, the next dividend payment is $2.50, and the predicted annual dividend growth rate is 24% for the following four years and 7% after that. To get the current stock price, we may utilize the following steps Dividends for the following four years are calculated as follows Dividend for the first year = $2.50 * (1 + 24%) = $3.10 Dividend for the second year = $3.10 * (1 Year three dividend = $3.85 * (1 + 24%) = $4.78 Year four dividend = $4.78 * (1 + 24%) = $5.93 Calculate the dividend as a perpetuity at the conclusion of year 4: Dividend for year 4 = $5.93 * (1 + 7%) / (10.25% - 7%) = $111.08 Calculate the total of all dividends' current values: PV = $3.10 / (1 + 10.25%) + $3.85 / (1 + 10.25%) ^2 + $4.78 / (1 + 10.25%) ^3 + $5.93 / (1 + 10.25%) ^4 + $111.08 / (1 + 10.25%) ^4\sPV = $97.44 As a result, the stock price today is $97.44.
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in the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-eleven, kwik trip, and circle k), although their prices are generally much higher than prices in large supermarkets. the success of these convenience stores can be partially explained by
The success of convenience stores can be partially explained by the time consumers save when purchasing goods there.
A convenience store is a multi-channel food and discount shop specialising in serving niche markets. These are tiny, independent shops that are situated in or close to a populous region. Due to their ease, convenience stores like Kwik Shops, 7-Elevens, and Gas 'N Shops have grown in popularity in recent years. This makes it simple for customers to quickly pick up a few products without having to make a special excursion to a larger supermarket because these stores are often situated in convenient areas like petrol pumps or on street corners.
Convenience shop costs are typically higher than those at larger supermarkets, but customers are frequently ready to pay more for the ability to buy things quickly and easily. For example: A gallon of milk, bread, or a quick snack which can be purchased easily. Although the pricing at these stores may be greater than those at larger supermarkets, their popularity might also be partly attributable to the time and ease they provide to the customers.
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what is the main reason that business organizations buy products?
Businesses buy things to use in ongoing operations and resell to customers, whereas consumers buy products for their personal use.
Why is corporate buying so important?
Businesses make purchases so they can provide customers with goods and services. As was previously stated, consumer buying behavior refers to individuals (or families) buying goods and services for their own use.
What does an organizational buy look like?
Purchasers within organizations come in a variety of forms. Retailers or wholesalers who buy products from one company and resell them to another are known as resellers. For instance, large grocery chains may buy products straight from manufacturers and resale them to end users.
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if a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that:
If a company has a healthy current ratio but a significantly lower quick ratio, then you can assume that more than half of sales are attributable to cost of goods sold.
What would happen if quick ratio was lower than current ratio?When a company's quick ratio is much less than its current ratio, it indicates a high reliance on inventory and maybe a severe shortage of other liquid assets. According to the quick ratio, a company's liquid assets must be worth a certain dollar amount in order to pay its current liabilities in full.
What occurs when a business' quick ratio is low?If a company's quick ratio is less than 1, it suggests it lacks sufficient fast assets to cover all of its immediate liabilities. Business may be challenging to raise the money necessary to pay its creditors if it experiences an interruption.
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