Jimmy always uses a face-to-face meeting before he works with any buyer. The main reason for this is "to build trust and rapport".
What do you mean by Meeting?A meeting is defined as the transmission between more than two individuals who talk over one or more topics with each other.
The meeting can be face to face, verbal, non-verbal or through the social media like cell-phones or video call. This is helpful for making best decisions.
Nowadays, when the chances of coronavirus increase day by day, most of the companies use face-to face interactions in order to reduce chances of this disease and doing promotions activities along with candidate's interviews.
Face-to-face communication is better than the written or audio communication because it is helpful to create a stronger trust between the parties. This provide the information about candidate or a consumer effectively.
Moreover, jimmy uses this type of meeting in order to interact more buyers as well as create a strong bond between them . This leads to increase in productivity.
Through this Jimmy can effectively read their buyer's body languages and get the information regarding any changes or improvement in his product.
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When the price of oil rises unexpectedly, the equilibrium price level ________ and the unemployment rate ________ in the short run.
When the price of oil rises unexpectedly, the equilibrium price level rises and the unemployment rate rises in the short run.
What is equilibrium price?Equilibrium price refers to the meeting point of quantity of goods supplied by a producer and the customers are able to purchase the goods made available.
In other words, it is a price point where the amount of goods that are sold in the market equals the amount of demands for that goods. Here, there will be no surplus over that goods and no sellers will have to face the problem from overproduction.
In order to reach an equilibrium price, both the consumers and the producers have to believe that they're getting the maximum value every time the conduct a transaction with one another
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What is the impact when the government increases government spending to the price level, output, unemployment, and inflation in the short run?
Answer:
inflation and output will both rise.
Explanation:
Internet sites, physical stores, and kiosks are most closely associated with which element of the marketing mix?
Internet sites, physical stores, and kiosks are most closely associated with the 'Place' element of the marketing mix.
Place refers to the location of the product, including its availability online and in physical stores, as well as how it will be exhibited.
The choice is crucial: Luxury cosmetics manufacturers would want to have their products sold in Sephora and Neiman Marcus rather than Walmart or Family Dollar. Business executives always strive to put their goods in front of customers who are most inclined to purchase them.
This entails placing a product only at selected retailers and ensuring that it is attractively displayed.
The term "placement" also refers to marketing a product in the appropriate media to attract customers.
Hence, Place is the element of the marketing mix which is most closely associated with internet sites, physical stores, and kiosks.
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Approximately what percentage of workers report in polls that their time spent working in meetings could be more productive?
75% Approximately percentage of workers report in polls that their time spent working in meetings could be more productive.
Meetings
meetings are an effective method for in-person communication, but they can often become frustrating and unnecessarily time-consuming. Most of the employees know how painful it is to get an email for a quick meeting in the middle of some important work.
But the impact goes deeper when more and more meetings have long-lasting consequences on the employees’ productivity or time and the organization's budget.
Survey reports:
According to a recent survey of 1,945 workers by organizational consulting firm Korn Ferry, 51% of professionals say spending too much time in meetings and on calls distracts them from making an impact at work to some extent. Another 16% say this is true to a great extent.
Overall, 67% of workers say excessive meetings keep them from getting their best work done.
“Too often, the answer to any work issue is ’let’s meet,″ Cathi Rittelmann, Korn Ferry senior client partner tells CNBC Make It. “While collaboration is absolutely what drives innovation and success in today’s global marketplace, it’s time to get creative with how we use our time together.
“Meetings aren’t necessarily bad,” Rittelmann adds, “but the way we prep and lead them can sometimes derail productivity.
Unproductive meetings :
About 6% of workers say they spend more than 10 hours per week attending unproductive meetings and calls, 15% say they waste between five and 10 hours each week, 34% say they wasted between two and five hours each week and 34% say they waste between one and two hours each week.
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When one uses partial counterbalancing to deal with carryover effects in an experiment, one assumes that _____.
When one uses partial counterbalancing to deal with carryover effects in an experiment, one assumes that randomly chosen orders will randomly distribute carryover effects among the treatments.
In partial counterbalancing the number of sequences for a treatment conditions is the minimum number of sequences needed so that each treatment condition occurs each position at least once.
In an experiment, a carryover effect is when the effects of receiving one treatment affect participants in subsequent conditions. One way to minimize carryover effects is through the use of counterbalancing in research, or exposing participants to each condition or treatment in different orders.
Hence, partial counterbalancing is used to deal with carryover effects in an experiment.
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The company you are investigating recognized unearned revenue as earned revenue. This is an example of which type of fraud?
The company you are investigating recognized unearned revenue as earned revenue. This is an example of liability understatement fraud.
Core paper. Unearned revenue is money received by an individual or business for services or products that have not yet been provided or provided. This is recorded as a liability on the company's balance sheet as it is a liability to the customer.
Unearned income. Refers to cash received prior to the delivery of goods or services. Unearned income is a liability. Unearned revenue becomes earned revenue when the product or service is provided.
Since deferred income is a current liability, changes in deferred income from the previous year affect the operating value shown in the company's financial statements.
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___ is an approach used to nurture customer loyalty by gathering knowledge of customer needs and preferences.
A relationship era is an approach used to nurture customer loyalty by gathering knowledge of customer needs and preferences.
A consumer wants is a want that motivates a customer to buy a product or service. The want may be regarded (i.e., the purchaser can place it into words) or unknown, and is the final aspect that determines which solution the patron purchases.
Customer wishes are the psychological and bodily motivations that make a person want to purchase a service or product and stay loyal to that business. as an example, customers these days need short and handy ways to attain help online.
A consumer's needs commonly reflect the preferred possibilities for unique approaches to gratifying a need. for that reason, human beings generally need particular products, manufacturers, or services that satisfy their wishes in a specific way.
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The type of organization that has direct two-way lines of responsibility, authority, and communication from the top down, with everyone reporting to one supervisor is called a:
The type of organization that has direct two-way lines of responsibility, authority, and communication from the top down, with everyone reporting to one supervisor is called a line organization.
The most basic structure for the entire administrative structure is the line organization. The relationship's vertical flow is approached through line organization. In a line organization, power is distributed horizontally. It is also referred to as the scalar principle or the chain of command.
The simplest and oldest kind of administrative structure is line organization. According to this kind of structure, power is distributed throughout an organization. From top to bottom, the chain of command is followed.
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The practice of charging different prices to different consumers for the same product is called?
The practice of charging different prices to different consumers for the same product is called price discrimination.
Price discrimination is a selling strategy which charges the customers different prices for the same product or service. This discrimination is based on what the seller thinks they can get the customer to agree to.
This situation of price discrimination prevails under monopoly market as they can charge different prices from different buyers here easily. This strategy is used by businesses in order to maximize revenue by charging customers different prices based on their willingness to pay.
Hence, businesses and companies practice price discrimination in order to maximize their profits.
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__________ are associations for professionals of the same or similar industries formed for continuing education and networking.
Professional organizations are associations for professionals of the same or similar industries formed for continuing education and networking.
A professional organization, also known as a professional association or professional body, exists to improve one or more professions, support the interests of those who work in such professions, and further the common good. It encourages creativity, connection, and communication.
Professional and trade associations help you grow, build relationships with people in your field, and improve your business profile. Being a member of an industry association demonstrates your dedication to and involvement in the progress of your career. Employers, clients, and customers appreciate that.
The biggest technical professional association in the world, IEEE is committed to improving technology for the good of all. Healthcare associations are made up of a group of specialists who collaborate to advance and better the medical field to which they are connected. These groups support their members by giving them access to tools, data, and opportunities they might not otherwise have.
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People rarely take all their deposits out at once, so on any given day the bank may need to have only a(n) of deposits on hand to honor checks pay bills or handle normal withdrawals.
People rarely take all their deposits out at once, so on any given day, the bank may need to have only a fraction of deposits on hand to honor checks pay bills, or handle normal withdrawals.
Customers can utilize bank deposits, a type of savings product, to keep a certain amount of money in a bank for a predetermined period of time. In exchange, the financial institution will give the client the appropriate interest, depending on how much and how long they decide to deposit.
The three basic types of demand deposits: checking, savings, and money market accounts
Because deposits reflect money that is owed to the depositor, they are assets. Due to the fact that deposits represent money the bank must return, they are liabilities to the bank.
Deposit money banks' main responsibilities include ensuring an adequate flow of cash to support the economy's deficit sectors and facilitating the transfer of money between different economic entities.
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Inflation caused by an increase in the per-unit production costs at each level of total spending is called:_____.
Inflation caused by an increase in the per-unit production costs at each level of total spending is called Cost-push inflation. When overall prices rise as result of rising costs for wages and raw materials, this phenomenon is referred to as cost-push inflation, also referred to as wage-push inflation.
Total amount of production in the economy may decline as result of higher manufacturing costs. Cost-push inflation results from the manufacturing price increases being passed on to consumers because demand for goods hasn't altered. Cost-push inflation results from manufacturing price increases being passed on to consumers because demand for goods hasn't altered.
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Brandon’s manager wants him to find out the churn levels related to activities in the past 12 months and report his findings at the next meeting. what does brandon need to find out?
Brandon needs to find out customer churn rate.
To find churn rate take the number of customers that we lost last quarter and divide that by the number of customers that you started with last quarter. The resulting percentage is our churn rate.
Churn fee, every so often known as attrition charge, is the rate at which customers prevent doing business with a company over a given time period. Churn might also observe to the range of subscribers who cancel or do not renew a subscription. The better your churn price, the more customers prevent buying from your business.
Churn rate, now and again known as attrition fee, is the fee at which customers forestall doing enterprise with a employer over a given time frame. Churn may also follow to the wide variety of subscribers who cancel or don't renew a subscription. The higher your churn fee, the greater clients forestall shopping for from your commercial enterprise.
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If $300 of new reserves generates $800 of new money in the economy, then the reserve ratio is:_______
Answer: 37.5
Explanation:
it just is
The infant industry argument for protectionism suggests that an industry must be protected in the early stages of its development so that:
The reason for the infant industry argument for protectionism which calls for an industry to be protected in its early stages is so that domestic producers can attain the economies of scale to allow them to compete in world markets.
What is the Infant industry argument?The infant industry argument refers to the call for governments to protect emerging companies in their nation in industries that have been dominated by foreign players.
The need for protectionism is to ensure that the local companies can have the opportunity to start up and charge a high enough price to make some profit so that the industry can grow.
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A person suffering from ________ can see distant objects more clearly than those that are close. color blindness hyperopia myopia cataracts vertigo
A person suffering from Farsightedness (hyperopia) can see distant objects more clearly than those that are close. color blindness hyperopia myopia cataracts vertigo.
Farsightedness (hyperopia) is a commonplace imaginative and prescient situation wherein you may see distant objects definitely, however gadgets nearby may be blurry. The degree of your farsightedness influences your focusing ability.
Farsightedness occurs when your eyeball grows too quickly from the front to return, or whilst there are troubles with the shape of your cornea clean the front layer of the attention or lens, an inner part of the attention that enables the attention focus.
Common symptoms of hyperopia encompass problems concentrating and retaining a clear consciousness on near objects, eye stress, fatigue and/or complications after near work, aching or burning eyes, and irritability or anxiousness after sustained awareness.
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What is the beta for stock a if the covariance between stock a and the market is 1.5 and the variance of the market is 2.5?
The beta for stock A if the covariance between stock a and the market is 1.5 and the variance of the market is 2.5 is 0.6.
What is beta?
Compared to the market as a whole, a security's or portfolio's beta () represents how volatile or systematic risky it is (usually the S&P 500). A stock is considered to be more volatile than the S&P 500 if its beta is higher than 1.0.
The capital asset pricing model (CAPM), which explains how systematic risk and expected return on assets relate to one another, uses beta (usually stocks). Taking into account both the risk of the assets and the cost of capital, the CAPM is a frequently used method for pricing hazardous securities and for estimating projected returns on investments.
Rationale:
1.5/2.5 = 0.6.
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Although paul revere is historically recognized as a sliversmith, with which other accomplishments is he credited?
Paul Revere is credited to accomplish the field of forensic dentistry, who also carried out the first body identification in the dental history.
The great hero Paul Revere, a brilliant metalsmith and self-taught dentist, executed the first recorded use of forensic dentistry in the United States. The Revere was tasked with identifying the remains of the man who had dispatched him on his fabled midnight journey after the Battle of Bunker Hill.
Paul Revere taught Identification of people in murder investigations, abuse cases, as potential suspects in crimes, and in cases involving missing persons all depend on the forensic dentistry.
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The first insurance company in the United States was
The first insurance company in the United States was the Philadelphia Contribution ship for the Insurance of Houses from Loss by Fire, founded in 1752 by Benjamin Franklin and his associates.
The company was established in response to the frequent and devastating fires that occurred in colonial Philadelphia. Details are as follows:
Founding: The Philadelphia Contribution ship was founded on February 13, 1752, with a mission to provide financial protection to homeowners in the event of fire-related losses.
Structure: The company operated as a mutual insurance company, meaning it was owned by its policyholders rather than external shareholders. Policyholders shared the risk collectively and contributed to a common fund to cover losses.
Fire Insurance: The primary focus of the Contributions hip was fire insurance. It offered policies to homeowners to protect their houses, buildings, and other property from fire-related risks.
Premiums and Policies: Policyholders paid premiums to the company based on the value of their insured property. In return, they received a policy that detailed the terms and conditions of their coverage.
Growth and Legacy: The Philadelphia Contribution ship played a significant role in shaping the insurance industry in the United States. It set a precedent for the establishment of other insurance companies across the country.
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Swiffer dusters can now be bought with the scent of febreze. This is an example of what strategy?
This is the example of co-brand strategy. The Co-branding is a marketing approach in which numerous brand names are used on the same product or service as part of a strategic collaboration. Co-branding (or "cobranding") refers to various different sorts of branding collaborations that often involve the brands of at least two companies.
With the use of unique logos, brand identifiers, and color schemes, each brand in such a strategic partnership contributes its own identity to build a merged collaborations brand. The Citi Advantage cards, for example, which reward you with American Airlines points when you spend money, benefit both firms.
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The cumulative effect of the declaration and payment of a cash dividend on a company’s financial statements is to.
On the a company's financial records, the declaration or payment of the a cash dividend have the cumulative impact of reducing total assets and stockholders' equity.
What is dividend?A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestment.
Some characteristics of divined are-
The transfer of company profits to qualified shareholders is known as a dividend.The directors of a firm decide on dividend payments and quantities.The dividend yield has been the dividend, calculated as a proportion of the share price of a corporation.Many businesses choose to keep their earnings in order to reinvest them back into the business rather than paying dividends.The dividend yield, which is the dividend, is expressed in terms of the share price of a corporation, for example, 2.5 percent.To know more about dividend, here
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Decision that are based on rules and guidelines are known as _______ decisions.
Decision that are based on rules and guidelines are known as brainstormed decisions. A group decision-making process called brainstorming aims to expand the variety of options that the group can consider. The objective is to come up with as many ideas as you can. This method does not inherently offer a resolution or choice.
People can think more freely and without concern for criticism when brainstorming. In order to address difficulties and come up with novel ideas, brainstorming promotes open and continuous collaboration. Teams may quickly generate a vast number of ideas through brainstorming, which can then be improved upon and combined to provide the optimal resolution.
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We draw the long-run aggregate supply curve as a vertical line to reflect the fact that:______.
We draw the long-run aggregate supply curve as a vertical line to reflect the fact that changes in the price level do not alter the level of potential real output.
The long-run aggregate supply curve is vertical when a country is at full employment, and the wages here are flexible. The long-run aggregate supply curve is vertical because, in the long run, resource prices adjust to changes at the price level. Thus, this leaves no incentive for firms to alter their level of potential real output.
When a market supply curve is vertical, the quantity of that good is fixed no matter what the price of the good is.
Hence, a vertical curve illustrates a good that has zero elasticity.
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As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the _______ stage of the communication process.
As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.
What is encoding?Humans primarily communicate through encoding and decoding messages. The individual who creates and transmits the message is known as the encoder. The encoder must ascertain how the audience will interpret the message and make necessary changes to ensure that the audience interprets the message as intended. Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such a phone call, email, text message, in-person meeting, or other communication method.Different signals require different levels of conscious thought when they are encoded. The encoder should also care for any "noise"—such as other messages, distractions, or influences—that could obstruct their message.
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A company requires a dashboard for reporting when using a business intelligence solution. which aws service can a cloud practitioner use?
The answer is Amazon Quicksight.
Amazon QuickSight enables everyone in your business to understand your data by asking natural language inquiries, browsing interactive dashboards, or automatically searching for trends and outliers using machine learning.
Amazon QuickSight enables everyone in your business to understand your data by asking natural language inquiries, viewing interactive dashboards, or automatically looking for trends and outliers using machine learning.
Its connection with both AWS and non-AWS data sources is simple and straightforward. The interface provided by AWS is user-friendly and simple to understand. They make it very easy to produce visually attractive infographics.
Therefore, the answer is Amazon Quicksight.
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With the growing popularity of email and texting, some of the rules for proper english and punctuation have fallen by the wayside. how does this affect emails sent in a business environment
Written business communications in this media-driven era can take a variety of forms, from the straightforward memo, letter, or fax to a bid, proposal, application, or report. Emails, websites, blogging, as well as other social networking communications are all options.
Importance of proper english and punctuation in business;For a variety of reasons, you must make sure that any written communication from your business is correctly punctuated, spell-checked, and grammatically proper. Among them are the following:
First impressions are crucial. They will feel more confident in the individual (or business) talking with them if the communication is written with proper grammar, spelling, and punctuation.Good reputation: Using good grammar can help you keep your company's reputation and trustworthiness as a reputable, trustworthy company that values every interaction with its clients and partners equally.Prevent misunderstandings and miscommunications: Your audience can be left wondering what you're trying to express. Grammar and spelling issues might also change the intent of your communication, which could lead to misunderstandings.To know more about right diction in the business world, here
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A business incurs a ________ if its costs and expenses exceed its revenues. loss liability debit dividend
A business incurs a net loss if its costs and expenses exceed its revenues.
A net loss occurs when the total expenses which includes different taxes, fees, interest, as well as depreciation exceeds the income or the revenue produced in the organization for a given period of time.
A net loss may be contrasted with a net profit which is also known as after-tax income or the net income.
A net loss occurs always when the sum total of expenses of the organization exceeds the total income or revenue generated by any business, project, investment or transaction.
Businesses would also report a net loss on the income statement, it can be shown as a negative net profit.
Many factors can lead to a net loss including low revenues, or strong competition, unsuccessful marketing campaigns, and increased cost of goods sold also.
For a business, net loss is sometimes referred to as a net operating loss (NOL).
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When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to?
When using absorption costing when production is greater than sales, a portion of fixed overhead is allocated to ending inventory.
Production is the process of combining diverse material and immaterial inputs to create a consumable good or service. It is the process of producing something of worth, goods, or assistance that benefits a person.
Manufacturing is the process of creating items or goods out of components or raw materials. To put it another way, manufacturing employs inputs to produce outputs fit for consumption, i.e., things or products that are valuable to the consumer or end-user. The creation of furniture is an illustration of production. Harvesting corn for food is an illustration of production. Corn production is an illustration of production.
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According to rogelberg (2019), of the time each week that a manager spends in meetings, how many hours, on average, are unproductive?
According to Rogelberg (2019), each week a manager spends around 23 hours in meetings on an average.
Research suggests that of the 23 hours that executives spend in meetings each week, on average, eight are unproductive. Some 90% of people report day-dreaming in meetings, and 73% admit that they can use/ use the meeting time to do some other productive work.
Quantity does not mean quality. The number of meetings has risen over the years, while the quality has dropped. Not only are meetings becoming more ineffective, but they've also become more expensive.
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Theo runs a company that creates centerpieces and decorative sculptures for events. After deciding on the materials and tools required to make each piece, what should theo’s next step be?
After Theo has decided on the materials and tools to make a piece, he should decide on a sequence of tasks and assign each of his workers a different aspect of the work.
What should Theo do next?After Theo has made sure of the materials and tools he needs to make the centerpieces and decorative sculptures that the company makes, he needs to assign various tasks to his employees.
These various tasks would help the work go faster and more efficiently as everyone would simply focus on their assigned jobs.
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