general customs and practices that are found in every culture are called

Answers

Answer 1

Cultural Universals

Answer 2

General customs and practices that are found in every culture are called Cultural universals.

What Are Cultural Universals?

Cultural universals are characteristics or patterns shared by all societies on a global scale. These characteristics or patterns frequently center on fundamental human survival.

For instance, funeral rites have evolved across all nations. Some include burying the dead, while others entail burning them, and still, others involve putting the bodies somewhere where animals can forage for them.

Despite their obvious variations, all cultures have certain characteristics known as cultural universals. Family, food, clothing, shelter, language, education, names, and many more cultural universals are further examples. The notion of cultural universals refers to those traits of behavior and values that appear in all cultures and time periods.

Hence, general customs and practices that are found in every culture are called Cultural universals.

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Related Questions

Each individual has a dominant communication social style, based on analysis of which two dimensions

Answers

The D personality style is described as being direct and decisive, or even dictatorial. They prefer managerial and leadership positions and prefer to take the initiative than follow.

What is a dominant person like?

Goal-oriented, forceful, and competitive personality types are dominant. Results matter more to them than close friendships. If you follow through on your commitments, even if they don't send you a holiday card, your company relationship will remain positive. The bottom line is extremely important to dominators.

Instead of avoiding others, dominant-style communicators frequently disclose their opinions, the best way to complete a task, and what other people are doing incorrectly—even when their counsel may not be welcomed.

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For each of the following examples, explain whether it is a case of external or internal economies of scale:
a. A number of firms doing contract research for the drug industry are concentrated
in southeastern South Carolina.
b. All Hondas produced in the United States come from plants in Ohio, Indiana,
or Alabama.
MyEconLab194 PART ONE ■ International Trade Theory
c. All airframes for Airbus, Europe’s only producer of large aircraft, are assembled in Toulouse, France.
d. Cranbury, New Jersey, is the artificial flavor capital of the United States.

Answers

Whether it is a case of external or internal economies of scale:

A. A number of firms doing contract research for the drug industry are concentrated

Larger changes within the industry lead to external economies of scale, so as the industry expands, the average cost of doing business decreases.

when external economies of scale exist?

External economies of scale take place when an industry as a whole expands and businesses profit from lower long-term average costs. External economies of scale are also known as advantageous external outcomes of industrial development.

An external economy of scale is shared by competitors, internal economies of scale provide larger competitive advantages.

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Regarding Association Documents
Select the correct response:
a Buyer has no authority to change them and does not need to review them.
a Seller has no responsibility for these documents, it is the association's job.
a Buyer may see the covenants, but not the financial data until closing.
a Seller must provide documents for Buyer's review if requested by Buyer.

Answers

Regarding Association Documents a Seller must provide documents for Buyer's review if requested by Buyer.

What is the Association Documents?

The Association Document can be described as the documents that can be regarded as the governing documents and this encompass the documents such as :

Articles of Incorporation Master Deed DeclarationCovenants Bylaws, Rules and Regulations.

It should be noted that in this documents there are alot of rules as well as the guidelines that should be followed by the sellers to the buyers and this Association Document is been used on everyday basis.

In conclusion, the Association Documents help the sellers to know the do and donts when talking with the buyers so that he doesnt go against the law when tryng to transact with the buyers and so that he do not go against the right that is been given to the buyers un der the law.

Therefore, the last option is correct.

Answers

Sheridan should reject the special offer because the special order price is equal to the total cost to make.

What is a non-profit organization?

A non-profit organization is described as an organization that does not operate with the intention of earning profit. Instead, the organization works for a cause with dedication, and it can be any social cause.

In this scenario, Sheridan generates $5 by selling every child-sized backpack it makes. It is important to highlight that the variable cost is $6 and the fixed cost is $4. Hence, the $5 profit is essential because Sheridan is not a non-profit company. Sheridan does require a $5 profit on every product to operate sustainably. However, the offer from the non-profit organization does not allow Sheridan to earn any profit on the order of 580 backpacks.

It can be concluded that Sheridan should reject the special offer because the special order price is equal to the total cost to make.

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2). Which is correct, makes sense???!

A) a college professor who lists in the syllabus the exact number of points students need to earn an A, B, C, or D in the class

B) a college professor who makes a point of calling on students who aren't paying attention in class and corrects their answers publicly

C) a college professor who doesn't prepare a syllabus, delays returning student papers, and rarely holds office hours

D) a college professor who waits until students fall below 60% on the midterm exam to offer a review session to prepare for the final exam

Answers

The correct answer is option (A) a college professor who lists in the syllabus the exact number of points students need to earn an A, B, C, or D in the class

What is college professor?

In the majority of nations, professors hold academic positions in universities and other post-secondary learning and research organisations. Professor literally translates from Latin as "one who professes." Professors are often leading authorities in their subject and elite educators.

A professor is, in essence, a postsecondary academic lecturer. They instruct college-level students, often in a classroom setting at a university, and are referred to as postsecondary teachers on occasion. Professors are the highest level of instructors and typically have a specialty in one area of study or profession.

Professors frequently engage in original research and impart their expertise through the teaching of undergraduate, graduate, or professional courses. In colleges with graduate programmes, teachers may guide and watch over graduate students working on a thesis or dissertation.

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Which of the following, if true, would illustrate why price indexes such as the cspi might overstate inflation in the cost of going to college? check all that apply.
A. As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.
B. Professors required each student to buy 15 notebooks, regardless of the price.
C. Energy drinks became increasingly popular on college campuses between 2014 and 2016 due to significant improvements in flavor, but this quality change is hard to measure.
D. A new mobile device for personal computing became available for purchase.

Answers

The price index CSPI overstate inflation, due to increase in cost of living as it is based on fixed basket of goods and services, so the correct answers will be (a), (c) and (d).

The following will illustrate why CSPI might overstate inflation in the cost of going to college. -

As the price of calculators rose, fewer students decided to buy them, opting instead to use the free calculators in their cell phones or on their computers.Energy drinks became increasingly popular on college campuses between 2014 and 2016 due to significant improvements in flavor, but this quality change is hard to measure.A new mobile device for personal computing became available for purchase.

Inflation occurs when there is a general price rise in the prices of goods and services that we buy. The reason behind price rise is that the cost of production and other raw material goes up that causes inflation. Due to inflation the consumers normally start demanding less of a good.

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You can hire 0, 1, 2, or 3 workers. If you hire 0, you produce $0 of output. If you hire 1 worker, your revenue (total value product) is $30. If you hire 2 workers, your revenue (total value product) is $50. If you hire 3 workers, your revenue (total value product) is $60.
What is the marginal value product of the 3rd worker?
What is the profit-maximizing number of workers to hire when the wage is $15?
Given your answer to the last question, what is the most profits you can make from hiring?

Answers

When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.

How do you determine how many employees you need to hire?

You should be able to create statistical data related to your industry that enables you to quantitatively determine when hiring new employees is necessary. To make this computation simple, divide your annual revenue by your average annual employee count, then multiply the result by 12 months.

How do you figure out how many workers to hire in order to maximize profit?

The change in your company's total cost (TC) caused by hiring an additional employee is known as the marginal resource cost (MRC): MRC = TC/L. Since you can hire as many employees as you like at the going rate, MRC = Wage. An employer should hire the number of employees at which MRP = MRC in order to maximize profits.

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True or False: The digital transformation, climate change and sustainability, pushback on globalization, supplier
infrastructure, and the cost of core technologies are positive events improving supply chains operations.

Answers

The answer is false.

What is Digital transformation?

Globally, digital technologies are increasing productivity, disrupting business models and enabling innovations with profound implications for the present and the future of humanity. This digital transformation brings new possibilities;allowing us to measure and track sustainability progress, optimize the use of resources, reduce greenhouse gas emissions and enable a more circular economy.

However, achieving global sustainability is not an inevitable outcome of digital transformation. Accelerating sustainability through digital transformation will not happen without deliberate decisions and actions.

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Type the correct answer in the box. Spell all words correctly.

Identify the marketing positioning in play in the given scenario.

Ted runs a successful cafeteria where he serves pies and coffee. His aim is to serve the world’s best pies that remind his customers of the kind of pies they used to have in their childhood. His thinks of a tagline called “Pies that take you home”.

Ted’s tagline is a , which communicates the brand’s promise to its customers.

Answers

The marketing positioning in play is the tagline. Since Ted thinks of a tagline called “Pies that take you home”. Ted’s tagline is a advert. (brief phrase), which communicates the brand’s promise to its customers.

What is a brand promise tagline?

The tagline's image conveys to customers the promise made by the company. When consumers connect with a brand, a brand promise outlines what they can anticipate from it each time.

Note that the tagline is a succinct statement that conveys the values of a company. To leave a lasting impression on customers, businesses utilize taglines in marketing campaigns. Without addressing the goods or services they provide, taglines provide consumers with information about the firm as a whole.

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List and explain a good customer service example

Answers

Good customer service attributes are

Knowing your goods and personnel Responding quickly to consumer queries and complaintsGoing the extra mile to make clients feel special

This is further explained below.

What is customer service?

Generally, Customer service refers to the support and guidance that a business offers to individuals who purchase or make use of the goods or services that it offers.

Every sector has its own unique standards for customer service, but in the end, a successful service should be measured by its ability to boost earnings.

In conclusion, Ensure that you and your personnel have enough understanding of the things that you provide for sale.
Being ready to answer queries from customers and providing a fast response (even when the feedback is unfavorable).

Going above and beyond what is expected to ensure that the client is satisfied and feels like a valued member of the company

Answers

A Sole proprietorship is responsible for all debt and is easy to create.

How liable are Sole proprietorships?

Sole proprietorships are the most risky type of business to get involved in because the Sole proprietor will be responsible for all the debts that the business incurs. What this means is that if the business is unable to pay off its debts, the creditors are legally able to go after the assets of the Sole proprietor.

The good thing about Sole proprietorships however, is that they are easy to set up or create. The legal requirements governing them are not as stringent.

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Name and explainations of 2 CSR/CSR initiatives that Woolworths carries out

Answers

Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.

What are CSR initiatives ?

Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.

The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.

According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.

This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.

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in which ways is the house ways and means committee (a standing committee) comparable to the joint committee that deals with taxation?

Answers

A permanent body created in accordance with the Senate's standing rules, a standing committee focuses on a specific topic area. Both houses of Congress are represented on joint committees on taxation.

The Joint Committee on Taxation is actively involved in all phases of the tax legislative process, such as: helping Congressional tax-writing committee and Members of Congress with the formulation and analysis of legislative ideas; preparing official revenue estimates for all tax legislation that is being considered by the Congress; writing legislative history for tax-related measures; and conducting different investigations into the Federal tax system.

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2
A sound accounting framework allows for all of the following benefits except
Review Later
Increased reliability and relevance of financial statements
Uniform comparisons between companies
Identical items being reported on the financial statements of different companies
Consistency in financial reporting across industries

Answers

A sound accounting framework prohibits the reporting of identical items on the financial statements of different companies. The appropriate response is Option C.

What is accounting framework?

An accounting framework is a published set of criteria that aid in measuring and recognizing information in a company's financial statements.

To summarize, the accounting framework does not permit identical items to be reported on different companies' financial statements.

A sound accounting system allows for all following benefits except Identical items being reported on the financial statements of different companies.

Hence, Option C is an appropriate response.

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Which of the following represents a primary business activity

Answers

Answer:Marketing and Advertising

Explanation:.

If an investment grew to $13,500 in 2 years and the interest amount earned was $1,150, calculate the nominal interest rate compounded quarterly.

Answers

Interest rate is 1.33 % , Where P = $13500 in 2yrs with interest amount is $1150

What is nominal interest rate?The interest rate before inflation is referred to as the nominal interest rate. Nominal can also refer to the advertised or stated interest rate on a loan, excluding any fees or interest compounding.

Here given ,

P = $13500

i = ?

A = $1150

t = 2 yrs

n = 4 x 2 = 8

Formula to compound interest ,

A = P( 1 + I )ⁿ

$1150 = $13500 ( 1 + i ) ⁸

$1150 / $13500 = (1 + i)⁸

0.0851 = (1+ i) ⁸

1 +i = 8√.0851

1 + i = 2.33

i = 2.33 -1

i = 1.33 %

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growing pains can arise from implementing a matrix organization due to

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Growing pains arise from implementing matrix organizational structure due to the long lead time of implementation.

Project planning and functional management are two or several of the organization design types that constitute the matrix organizational structure. The matrix structure also includes extra managers who can oversee personnel from several divisions in addition to the traditional management hierarchy wherein personnel are managed by a manager. On a grid or matrix, these two or even more management systems overlap.

Businesses that are required to handle current projects alongside everyday activities may typically employ the matrix organizational structure. It may help a company to keep its departmental organization while projects are underway. Personnel from several departments may also participate in the matrix organizational structure and work together on projects.

The complete question is here:

Growing pains can arise from implementing a matrix organization due to--------.

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what methods can be used to dispose of underapplied or overapplied manufacturing overhead?

Answers

Allocating it among work in process, finished goods, and cost of goods sold are methods that can be used to dispose of under applied or over applied manufacturing overhead.

A negative balance in manufacturing overhead indicates that either insufficient or insufficient overhead was applied to the various jobs. More overhead was allocated to jobs than was actually incurred if, at the end of the term, there is a credit balance in manufacturing overhead. This demonstrates how more overhead was used than necessary.

The year-end balance is erased through an adjusting entry, balancing the cost of goods sold since the overhead is first documented in the machine hours account, then applied to the individual tasks, tracked through completed goods inventory, and finally transferred to cost of goods sold. Manufacturing overhead is under applied if there is a debit balance, which understates the cost of items sold as a result.

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Year
Pens
Muffins
Price
Quantity
Price
Quantity
(Dollars per pen)
(Number of pens)
(Dollars per muffin)
(Number of muffins)
2008 1 110 2 150
2009 2 155 4 215
2010 3 120 4 180
Use the information from the previous table to fill in the following table.
Year
GDP
Real GDP
(Dollars)
(Base year 2008, dollars)
2008
2009
2010
From 2009 to 2010, GDPdecreased , and real GDPdecreased .

Answers

1. Using the information to fill the following Nominal GDP and Real GDP table is as follows:

Nominal GDP Real GDP

Year (Dollars) (Base year 2008, Dollars)

2008 410 410

2009 1,170 585

2010 840 480

2. From 2009 to 2010, nominal GDP decreased, and real GDP decreased.

What differentiates the nominal GDP from the real GDP?

The nominal GDP is based on the current prices and quantities.

The real GDP adjusts the current prices to remove the effects of inflation.

Pens Muffins

Price Quantity Price Quantity

Year (Dollars per pen) (Number of pens) (Dollars per muffin) (Number of

muffins)

2008 1 110 2 150

2009 2 155 4 215

2010 3 120 4 180

Nominal GDP:

2008 = $410 ($1 x 110 + $2 x 150)

2009 = $1,170 ($2 x 155 + $4 x 215)

2010 = $840 ($3 x 120 + $4 x 180)

Nominal GDP Real GDP

Year (Dollars) (Base year 2008, Dollars)

2008 410 410 ($1 x 110 + $2 x 150)

2009 1,170 585 ($1 x 155 + $2 x 215)

2010 840 480 ($1 x 120 + $2 x 180)

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in the case discussing the electric car industry, which pestel factor is highlighted as the most important factor favoring a startup firm such as tesla, inc.?

Answers

The Pestel factor that is highlighted as the important factor which can favor a startup firm is the technological factors.

A PESTEL analysis is a method or methodology used by marketers to monitor and analyse the macro-environmental aspects that have an impact on an organisation, firm, or industry. It investigates the Political, Economical, Social, Technical, Environmental, and Legal elements in the external environment. The threats and weaknesses used in a SWOT analysis are found through a PESTEL study. A country's political climate, technological advancements, environmental considerations, the legality of acts, economics, and social factors are all crucial. Organizations use the PESTLE analysis economic tool because they are aware of this phenomenon. Technological factor is also very important

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Franklin was a reporter working for the New York Journal in 1894. His boss William Randolph Hearst wanted to create the most scandalous content for readers to sell more papers. What story was he most likely to have Franklin report on?

A.
the outcome of the Yankees vs. Louisville Colonels baseball game

B.
rumors about plots to sink a US battleship in Cuba

C.
President Cleveland’s latest address

D.
a burglary in Manhattan

Answers

William Randolph Hearst wanted to create the most scandalous content for readers to sell more papers. He was most likely to have Franklin report on rumors about plots to sink a US battleship in Cuba.

What is the work of a reporter?

The following are some of the duties of a reporter: gathering, verifying, and in-depth analysis of newsworthy information. assembling data into a believable narrative. Keeping the reader's viewpoint in mind when writing and delivering news reports.

Sensationalist reporting and self-promotion are hallmarks of yellow journalism. Yellow journalism is credited to Joseph Pulitzer, publisher of the New York World, and William Randolph Hearst, proprietor of the New York Journal.Men like Joseph Pulitzer of the New York World and William Randolph Hearst, owner of The New York Journal, engaged in a circulation war and saw the struggle as a strategy to boost sales of their publications.Numerous publications published sensationalist pieces and dispatched reporters to Cuba to cover the conflict.The war was very beneficial to newspaper proprietors because more people began reading them, and newspapers are a money-making enterprise just like any other news source.Therefore, the correct answer is, 'rumors about plots to sink a US battleship in Cuba'.

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Demand-pull inflation results from an
increase in prices from higher incomes.
How is this illustrated on a Classical
Model related to aggregate demand?
A. leftward shift in aggregate demand
B. a downward shift in aggregate demand
C. rightward shift in aggregate demand

Answers

Demand-pull inflation results from an increase in prices from higher incomes this illustrated on a Classical Model related to aggregate demand Rightward shift in aggregate demand.

What impact does demand-pull inflation have on total demand?

When the overall demand rises while the supply stays the same or falls, this is known as demand-pull inflation. Prices for goods and services rise as a result of a lack of supply in response to rising demand.

What effects does demand-pull inflation have on prices?

Because the demand curve is shifted to the right by demand-pull inflation, prices are raised. Customers now want more goods and services. Buyers will have to pay more for the restricted supply if supply does not rise in line with demand.

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What is a key requirement of a savings plan?

Answers

The key requirement of a savings plan includes financial inventory.

What is a savings plan?

A savings plan is described as a financial instrument that allows an individual to set and have secure long-term as well as short-term financial objectives. It is important to mention that a savings plan is an effective way to invest money into different disciplines to receive steady returns in the future.

The important requirement of a savings plan is the financial inventory. A financial inventory includes a list of all the liabilities and assets that are important for financial planning. The assets can include the money left in the savings account, and cash in hand. The liabilities can include loans, medical bills, and debts.

It can be concluded that the key requirement of a savings plan includes financial inventory.

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Which of the following ALWAYS results in an increase in price and quantity?
a. an increase in demand with no change in supply
b. a decrease in demand and supply
c. an increase in supply with no change in demand
d. an increase in supply and a decrease in demand

Answers

Answer:

a . an increase in demand with no change in supply

An increase in demand with no change in supply is a result in an increase in price and quantity. Hence, option A is correct.

What is increase in price and quantity?

In economics, this is referred to as the Law of Demand. When prices increase and demand falls, demand lowers. When the price drops, the quantity desired increases. This is the Law of Demand.

A price increase almost invariably leads to the delivery of more of that good or service, whereas a price decrease typically results in the delivery of less of it.

As the price rises, the quantity offered climbs as well. Generally speaking, lower costs come from a diminished supply. If expenses aren't increasing as quickly as prices, manufacturers will create more of the thing or commodity while prices are higher. Lower prices result in a cost squeeze that limits supply.

Thus, option A is correct.

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Which best reveals the theme that joy comes from within? how can you make a person happy against his will

Answers

The detail that shows us that Joy comes from within would be how can you make a person happy against his will?

What is Joy?

This is the term that is sued to refer to the inward feelings that a person would have that shows that they are in a state of great happiness. This is a positive feeling.

The summary of the excerpt that we have here is telling us about the narrator who is talking about the visitors that he had received. According to him, the visitors did not appear to be very happy since they did not show like people that were enjoying themselves.

The way that this is shown is from the question that the narrator went on to ask. According to him, how was it possible to make a person happy when they did not want to be happy?

Hence we can see that if a person wants to be happy, they would be the ones that would have to make this choice and do all that would have to do with acting towards achieving the feeling of happiness.

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Complete question

Which detail best reveals the theme that joy comes from within?

(24) Everybody, it is true, would not like it, and I had some visitors here a fortnight ago who left after staying about a week and clearly not enjoying themselves. They found it dull, know, but that of course was their own fault, how can you make a person happy against his will?

options :

1. everybody, it is true, would not like it

2. clearly not enjoying themselves

3. they found it dull

4. how can you make a person happy against his will?

Classify each of the following businesses as either Physical or Digital.

A. An online store that dropships camping gear

B. A bookstore on Amazon that sells eBooks

C. A bakery in your community

D. A hair salon that makes appointments online

Answers

An online store that drop-ships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.

What is a physical and digital business?

A physical business is described as a form of business in which customers need to visit a store or a place to receive a service or make a purchase. Whereas, a digital business is described as a form of business in which customers can purchase any product or service online (internet) without going to a physical store.

Statement A and statement B are digital business because it does not have a physical store where a customer needs to visit to make a purchase. Rather, the seller just delivers the product to the customer.

Statement C and statement D are physical businesses because both have a physical store, these business sells or offer their services to their customer. The presence of a physical store/hair salon justifies the physical nature of the business.

It can be concluded that an online store that dropships camping gear is a digital business, a bookstore on Amazon that sells ebooks is a digital business, A bakery in your community is a physical business, and a hair salon that makes appointments online is a physical business.

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Answer:

A. An online store that dropships camping gear - Digital

B. A bookstore on Amazon that sells eBooks - Digital

C. A bakery in your community - Physical

D. A hair salon that makes appointments online - Physical

Explanation:

Common Sense

what is a set of policies, procedures, standards, processes, practices, tools, techniques, and tasks that people apply to technical and management challenges?

Answers

Methodology is a set of procedures, policies, practices that people apply to technical and management challenges.

The investigation of research methodologies is the most straightforward definition of methodology. The phrase, however, can also be used to describe the techniques themselves or the philosophical analysis of the supporting premises. A technique is a planned process for achieving a specific objective. This objective is often to generate new information or to validate assertions made by pre-existing knowledge within the framework of research. Typically, this entails a number of stages, including selecting a sample, gathering data from this specimen, and evaluating this data. A thorough description and evaluation of these procedures are part of the study of techniques. It also has evaluative components that involve contrasting various methodologies to determine their benefits and drawbacks in relation to various research objectives and circumstances.

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MBSC has noticed several new trends in strength and
conditioning. Often, MSBC has implemented the trend
before clients even have a chance to ask about it. This
demonstrates which advantage of small business?
Oa. Ability to adapt to change
Ob. Independence
Oc. Simplified record keeping
Od. Personal relationships with customers and employees

Answers

Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.

MSBC has implemented the trend before clients even have a chance to ask about it. This demonstrates Ability to adapt to change.

Why is sole proprietorship the easiest business?Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.The legal control over a business is referred to as business ownership. It gives the owner the legal authority to direct business operations and transactions. There are six major business ownership structures, which are as follows: Single-person businesses. Partnerships.Risk and reward - A sole proprietor has complete control over their company's profits and losses. Control - A sole proprietorship's rights and responsibilities are solely with its owner. Without prior permission, no one else may interfere with a sole proprietor's business activities.

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Suppose an entrepreneur in New Hampshire wanted to expand her supply of maple syrup and maple sugar products to compete with similar businesses in the state. She knows she has to stay within fair market prices, especially since maple products are seasonal. She also wants to appeal to the related economic behavior. How would profit motive impact this entrepreneur’s decisions? Define profit motive and provide at least two examples of the role of profit motive in this type of business.

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Companies can market their goods and services more effectively if they understand that many of their decisions are motivated by profit. A company, for example, may demonstrate how their subscription service can save someone time and money, thereby increasing their overall profit.

What is profit motive?The profit motive is the driving force behind businesses that seek to maximize their profits. The ultimate goal of a business, according to mainstream microeconomic theory, is "to make money" - not in the sense of increasing the firm's stock of means of payment, but in the sense of "increasing net worth." The profit motive is an individual's drive to engage in activities that will result in net economic gain. People are induced to invent, innovate, and take risks that they would not otherwise take because of the profit motive. The profit motive is beneficial in business because it motivates leaders to act. Profit motive influences purchasing and can influence supply and demand.

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________ reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.

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Derived demand reflects the link between consumers’ demand for a company’s product and the company’s purchase of necessary inputs to manufacture or assemble that particular product.

In economics, derived demand is the desire for a product or service that develops as a result of the need for a comparable or unrelated good or service. When there is a market for both the associated items and services in question, there is a demand for some tangible or intangible product or service. The market price of the derived product might be significantly impacted by derived demand.

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