The form of corporate growth used to minimize shocks in specific markets, exemplified by general electric when it entered markets for appliances, x-ray machines, and elevators, is known as Diversification.
A corporation that uses diversification as a corporate development strategy creates new goods and services or enters other markets in addition to its current ones. A diversification strategy can help a struggling company get back on track or help already successful businesses grow even more.
By making investments in many sectors that would each respond to the same occurrence differently, it seeks to limit losses. Diversification is the most crucial element of achieving long-term financial goals while avoiding risk, according to the majority of investing specialists, even though it does not guarantee loss.
In other words, it entails making investments in various businesses. There are many advantages to investing in multiple businesses, but it may also be quite hazardous.
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Bea Moran wants to establish a long derivatives position in a commodity she will need to acquire in six months. Moran observes that the six-month forward price is 45.20 and the six-month futures price is 45.10. This difference most likely suggests that for this commodity:
Bea Moran wants to establish a long derivatives position in a commodity she will need to acquire in six months. Moran observes that the six-month forward price is 45.20 and the six-month futures price is 45.10. This difference most likely suggests that for this commodity: futures prices are negatively correlated with interest rates.
This is further explained below.
What are interest rates?Generally, the fraction of a loan that is charged as interest to the borrower is often stated as a yearly percentage of the loan outstanding.
"lower interest rates encourage people to spend money on house upgrades"
In conclusion, Bea Moran would want to construct a long derivatives position in a commodity that she will need to buy in a little over half a year's time. Moran notes that the price of the six-month forward contract is now at 45.20, while the price of the six-month futures contract is currently at 45.10. Because of this disparity, it is quite probable that the prices of futures contracts for this commodity have an inverse relationship with interest rates.
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Training is a key element for an organization pursuing a commitment based hr strategy. True or false?.
True,Training is a key element for an organization pursuing a commitment based HR strategy. Training increases employee commitment, which results in increased retention for an organization. In the rapid model of instructional design, training design begins while needs assessment is still being conducted.
What is Training?Training is the teaching or development of any skills, knowledge, or fitness that relate to certain valuable competences in oneself or others. Training aims to improve one's capability, capacity, productivity, and performance.
A training module is an e-learning course component that focuses on a certain topic. Training modules, like books, serve as a "chapter" in the larger e-learning course. Consider the subject of sales training. You could want to go through how to create a successful email or the best sales strategies.
The training planning process is broken into four steps: Identify training needs and objectives; create a training strategy; create a course design; and create training materials.
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According to the classical theory of money, reducing inflation will not make workers richer because firms will increase product prices _____ each year and give workers _____ raises.
Management: Who manages the company? : Is the manager(s) actively involved in the decisions of the business at Woolworths? : Will the managers be able to make informed decisions at Woolworths? What form of capital will be obtained at Woolworths? : What amount of capital could be raised at Woolworths? : Can the business raise extra capital for expansion at Woolworths? : Who will be taxed at Woolworths? What is the tax rate at Woolworths? : How does the tax rate compare with other forms of ownership at Woolworths?
This is a Research Response Assignment. The focus on "Management" using Woolworths as a case study.
Who manages the company?
The Group CEO of Woolworths is Roy Bagattini. He also doubles as one of the Executive Directors.
The CEOs of all the subsidiaries report to him. Some of the subsidiary CEOs are:
Zyda Rylands - CEO - Woolworths FoodRaju Vuppalapati - CEO - The Country Road GroupManie Maritz - CEO - Fashion Beauty and Home.Is the manager(s) actively involved in the decisions of the business at Woolworths?In Woolworths, line managers are responsible for the daily activities and decisions. The all report to the CEO. The CEO's report to the Group CEO and the Group CEO to the Board of Governors.
Will the managers be able to make informed decisions at Woolworths?Yes Managers in Woolworths are able to make informed decisions at Woolworths.
What form of capital will be obtained at Woolworths? What form of capital will be obtained at Woolworths? What amount of capital could be raised at Woolworths?The capital that will be obtained at Woolworths is subject to the finance requirement of the company.
Over the course of one round, Woolworths raised a total of ZAR500M in fundraising. On December 30, 2015, the above Venture - Series investment was raised.
It is also important to note that The Woolworths company reported total food sales of 44.44 billion Australian dollars for the Australian financial year 2021. This is a rise from the prior year and continues the rising trend that began in 2016.
Can the business raise extra capital for expansion at Woolworths?If there was a requirement for it, the company will certainly raise the required funds. As indicated above, their financial are suggestive of a growing and expanding company. Their financial status is indicative of strong financial health.
Who will be taxed at Woolworths?The tax rate applicable on sales items at Woolworths is always subject to the prevailing tax rate of the country in which their operation is domiciled.
The Value Added Tax will be paid by buyers of Woolworths goods, Personal Income Tax by it's staff and Company Income Tax by the company.
What is the tax rate at Woolworths?The tax rate for Woolworths Group is calculated to be 27.33 percent for the fiscal year that ended in June 2021.
How does the tax rate compare with other forms of ownership at Woolworths?The rates is relatively fair when compared with other forms of ownership at Woolworths.
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If all external costs were internalized, then the market's output would be:_____.
a. q1.
b. q3.
c. q2.
d. q4.
If all external costs were internalized, then the market's output would be q4. Reducing externalities is encouraged through internalization through pricing strategies. The objective is to close the gap between individual costs and the collective cost of various journeys. If demand remains constant, price will increase and quantity requested will decrease as external costs are internalized.
The activity that creates external advantage is priced cheap and the quantity sought is too low for it to be efficient when there is external benefit. Requiring producers to include cost of the externalities generated during production of their output in their production costs.
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For an automobile manufacturer, the cost of a driver’s side air bag purchased from a supplier and installed in every automobile would best be described as a:_________.
For an automobile manufacturer, the cost of a driver’s side airbag purchased from a supplier and installed in every automobile would best be described as a Variable cost.
Variable costs are prices that exchange because of the volume modifications. Examples of variable prices are uncooked materials, piece-rate hard work, manufacturing supplies, commissions, shipping expenses, packaging elements, and credit score card expenses. In a few accounting statements, the Variable fees of manufacturing are called the “price of goods bought.”
A variable cost is a cost that adjustments in share to manufacturing output or sales. while manufacturing or sales growth, variable fees growth; while production or the income lower, variable charges lower.
Variable cost formulation. To calculate variable expenses, multiply what it fees to make one unit of your product by means of the whole variety of merchandise you've got created. This component seems like this: overall Variable costs = fee according to Unit x total range of gadgets.
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A special order should be accepted if incremental costs are ______ incremental revenue
Special orders should be accepted if incremental costs are Less than the incremental revenue.
Incremental sales are the profit that a company derives from increased sales. Can be used to determine the additional revenue generated by direct sales from a particular product, investment, or marketing campaign if sales volume increases. Incremental revenue is often compared to the cost of the product.
Incremental Sales is the profit a company makes from a constant increase in sales. The calculation is very easy. Multiply the number of units sold by the price of one unit. Incremental revenue refers to additional revenue earned by selling additional units, and incremental cost is the additional cost incurred by producing additional units of a product.
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The ability to meet short-term obligations and to efficiently generate revenues is called:________.
The ability to meet short-term obligations and efficiently generate revenues is called Liquidity.
Liquidity is the ease or speed with which money can be raised to meet short-term financial responsibilities such as paying bills. Stocks and bonds, as well as other easily tradable assets, are regarded as liquid assets.
A company's liquidity can be determined by how well it can meet its short-term obligations, particularly those that are due in less than a year. What the business owes in comparison to what it owns is typically represented as a ratio or percentage. You can gain insight into the company's financial situation by using these metrics.
The liquidity status of a business is primarily affected by two factors. The first factor is its capacity to transform assets into cash to cover its present liabilities (short-term liquidity). Its debt-carrying capability is the second.
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When are business letters necessary? Check all that apply. A permanent record is required. Communication is with the government. Persuasive, well-considered presentation is important. Recipients are located in another country. Formality and sensitivity are essential.
The business letters are known to be essential base on the following
Formality and sensitivity are essentialRecipients are located in another country.A permanent record is required.What is a business letter?This is the term that is used to refer to the business letters which the people of a company are known to write to a different company. It is the way that the companies would carry out communications and interactions with themselves for several reasons.
These letters are said to essential based on the following points:
Formality and sensitivity are essentialRecipients are located in another country. A permanent record is required.
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As of december 31, 2013, how many deferred tax liabilities (net of deferred tax assets) did colgate have? please provide your answer in millions, without comma separator or decimal (ex: 23456)
Tax expense for the period, comprising current tax and deferred tax, should be included in the determination of the net profit or loss for the period. Taxes on income are considered to be an expense incurred by the enterprise in earning income and are accrued in the same period as the revenue and expenses to which they relate. Such matching may result into timing differences. The tax effects of timing differences are included in the tax expense in the statement of profit and loss and as deferred tax assets
Net deferred tax liabilities :
The deferred tax liability on a company balance sheet represents a future tax payment that the company is obligated to pay in the future
It is calculated as the company's anticipated tax rate times the difference between its taxable income and accounting earnings before taxes.
Deferred tax liability is the amount of taxes a company has "underpaid" which will be made up in the future. This doesn't mean that the company hasn't fulfilled its tax obligations. Rather it recognizes a payment that is not yet due.
For example, a company that earned net income for the year knows it will have to pay corporate income taxes. Because the tax liability applies to the current year, it must reflect an expense for the same period.
But the tax will not actually be paid until the next calendar year. In order to rectify the accrual/cash timing difference, tax is recorded as a deferred tax liability.
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Business systems are primarily computer-based information systems that provide organizations with valuable ____________.
Business systems are primarily computer-based information systems that provide organizations with valuable information.
Why we need computer based information systems for businesses?
Managers who must make decisions on specific situations are given information. Provides assistance for making decisions in ill-structured settings. Many office tasks can be carried out electronically thanks to this multi-functional, computer-based system.
What is the role of information system in business?
In order to support organizational functions like decision making, communication, coordination, control, analysis, and visualization, information systems gather, store, and transmit information from an organization's environment and internal activities.
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Which additional information would the housing counselor need to prepare a household budget for this client?
Documentation of life insurance payout additional information would the housing counselor need to prepare a household budget. A household budget is a plan for manage the resources and expenses of a home that consists of one or more people living in the same residence. You may build a plan for saving money by creating a budget, which also helps you understand where your money goes each month.
You can simply manage your spending, save money, and more easily keep track of and accomplish your financial objectives if you have a household budget in place. Example of household budget are food, auto etc.
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Identify two forms of business organization.(other than supermarkets and fish) canning) found in the private sector.
Two forms of business organizations found in the private sector are partnerships and Limited Liability companies or corporations.
What are partnerships and Limited Liability companies?Partnerships have multiple owners at the same time and these owners divide profits and responsibilities amongst themselves. Larger companies may arrange themselves differently to avoid getting sued and face other challenges. LLC organize themselves in a way that they prevent having ties with an individual directly. This implies that any responsibility is over the company itself and not any specific person or people. These companies are taxed differently when compared to other kinds of organizations.Such a structure makes it difficult to track or chase a single person for any liability.To learn more about the private sector visit: https://brainly.com/question/27883481?
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When independent stock transfer agents are not employed and the corporation issues its own stock and maintains stock records, canceled stock certificates should:_______
When independent stock transfer agents are not employed, the canceled stock certificates should be defaced to prevent reissuance and attached to their corresponding stubs.
A transfer agent plays a vital role in acting as a liaison between a company's registrar and an investor. A stock transfer agent makes sure that shareholders receive dividend payments in a timely manner. These agents send stock shares to investors after a stock split.
When a company cancels its common stock, it declares all existing common stock certificates to be null and void. Most often, companies cancel stock while going through bankruptcy proceedings.
Hence, the canceled stock certificates should be defaced in order to prevent reissuance.
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Diversification is commonly used to blank______.
a. increase risk
b. lower the sharpe ratio
c. lower risk
Diversification is commonly used to lower risk (option C).
What is diversification?Diversification is the process of investing in diverse asset classes so as to reduce non-systemic risks or idiosyncratic . Idiosyncratic risks are the risks that are specific a stock, company or industry. By diversifying a portfolio, non-systemic risks to do not dominate a portfolio, so the risk of the portfolio is reduced.
For example, if a person has a portfolio that is made up of only tech company stocks. If there is a downturn in the tech sector, it might mean a negative return for the portfolio owner. In order to diversify, the person might invest in the stocks of an healthcare company. Imagine that there is a negative report about tech stocks that leads to a crash, the value of of the portfolio would experience a large decline if the portfolio is made up of only tech stocks. The decline in the value would be less if the portfolio is made up of other stocks.
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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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What is an arrangement in which the supplier maintains title to the inventory until it is used?.
Consignment inventory is an arrangement in which the supplier maintains title to the inventory until it is used.
What is Consignment Inventory?Consignment inventory is a supply chain model in which a product is sold by a retailer, but ownership is retained by the supplier until the product has been sold. Because the retailer does not actually buy the inventory until it has been sold, unsold products can be returned.
In other Term, Consignment inventory is a supply chain strategy or business agreement in which the consignor (i.e., wholesaler, supplier, manufacturer) gives the goods to a consignee (i.e., the retailer) to sell.
The consignor still owns the products and the consignee will only pay for them once they’ve been sold.
For instance, a retailer may strike up a consignment agreement with a fashion designer and agree to sell the designer’s clothes in-store. The retailer will only pay for the goods that are sold, and the rest will be returned to the designer.
Therefore, we can conclude that the correct option is B.
Your question is incomplete, but most probably your full question was:
What is an arrangement in which the supplier maintains title to the inventory until it is used?
A. postponement
B. consignment inventory
C. delayed transfer
D. supplier control
B. consignment inventory
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What kind of a lien is created as a result of a judgment, estate or inheritance taxes, the decedent's debts, or unpaid federal income taxes?
Answer is federal tax lien.
When you ignore or fail to pay a tax bill, the government has a legal claim over your property in the form of a federal tax lien. The lien safeguards the government's interest in everything of your belongings, including real land, personal property, and financial assets.
A federal tax lien refers to the federal government's power to confiscate property in the event of unpaid back taxes. A federal tax lien can be filed on any assets possessed by an individual or corporation who owes past taxes, even those acquired during the lien period.
Discharging property, applying for withdrawal, and entering into subordination agreements are all temporary solutions to a federal tax lien. The simplest method to deal with a federal tax lien is to pay the whole back tax sum.
Therefore, the answer is federal tax lien.
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What is the term used for an agreement between the borrower and a permanent lender relative to future delivery of a takeout loan upon completion of construction?
Take out commitment is the term used for an is the term used for an agreement between the borrower and a permanent lender relative to future delivery of a takeout loan upon completion of construction.
A takeout mortgage is a method of financing agreement wherein a mortgage this is procured later is used to replace the preliminary mortgage. extra particularly, a takeout loan, or takeout financing, is lengthy-term financing that the lender guarantees to offer at a selected date or when particular criteria for final touch of a assignment are met.
A ahead takeout dedication is just a very highly-priced letter that promises to deliver a takeout mortgage inside the destiny if the property is constructed in line with plans and specifications and leased on the target condo price.
Take-out dedication is a written guaranty by means of a lender to provide everlasting financing to replace a short term loan at a unique future date if the mission has reached a certain level. A take-out commitment is quite commonplace in commercial real property improvement.
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The contribution margin at the break-even point a.equals total fixed costs. b.is zero. c.is greater than variable costs. d.plus total fixed costs equals total revenues.
The contribution margin at the break-even point plus total fixed costs equals total revenues.
Option D. plus total fixed costs equal total revenues.
Divide the fixed cost by the contribution margin. The contribution margin is determined by subtracting variable costs from the price of the product. This amount is used to cover fixed costs.
At breakeven, the total contribution margin covers only fixed costs. No extra money to make profits and free cash flow. This shows the break-even point. That is when the contribution margin dollar equals the fixed cost.
The contribution margin can be stated in gross amount or by item. This represents the additional money generated for each product/unit sold after deducting the variable portion of the company's expenses.
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The combination of price level and real output when aggregate demand equals aggregate supply is known as:________
The combination of price level and real output where aggregate demand equals aggregate supply is known as Macro Equilibrium.
What is Macro Equilibrium?
Macro equilibrium occurs at the point at which the aggregate demand equals to the aggregate supply. Here, there's a balance in the economic forces. The macroeconomic equilibrium is a state which doesn't bring about a change of the behavior of the economic operators.
Macroeconomic equilibrium occurs when the quantity of real GDP demanded equals the quantity of real GDP supplied at the point of intersection of the AD curve and the AS curve. If the quantity of real GDP supplied exceeds the quantity demanded, inventories pile up so that firms will cut production and prices.
If the quantity of real demand exceeds the quantity supplied, inventories are depleted so that firms will increase production and prices.
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Mexico and the members of OPEC produce crude oil. Realizing that it would be in their best interests to form an agreement on production goals, a meeting is arranged and an informal, verbal agreement is reached. If both Mexico and OPEC stick to the agreement OPEC will earn profits of $200 million and Mexico will earn profits of $100 million. If both Mexico and OPEC cheat then OPEC will earn $175 million and Mexico will earn $80 million. If only OPEC cheats, then OPEC earns $185 million and Mexico $60 million. If only Mexico cheats, then Mexico earns $110 million and OPEC $150 million.
OPEC Cheat Abide Cheat Mexico Abide a. Fill in the chart.
b. Does Mexico have a dominant strategy? If so, what is it?
c. Does OPEC have a dominant strategy? If so, what is it?
d. Is there a Nash equilibrium? If so, what is it?
e. Is this game an example of a prisoner’s dilemma? Why or why not?
Answer :gfgdfgdfgf dfgd gdfg dfg d hd
Explanation:
dfg dfg dfg dg dfg dh hd hdf fdhdfh h
S&L members do not have voting rights true or false
S&L members do not have voting rights is a false statement.
Who are Savings and loan association?A savings and loan association (S&L), or thrift institution, exists as a financial organization that specializes in accepting savings deposits and creating mortgages and other loans.
S&Ls place a stronger focus on residential mortgages, whereas commercial banks tend to focus on working with large companies and on unsecured credit services (such as credit cards). Commercial banks can be chartered at either the condition or federal level. The same stands true for S&Ls.
The terms "S&L" or "thrift" are primarily utilized in the United States; equivalent institutions in the United Kingdom, Ireland, and some Commonwealth countries contain building societies and trustee savings banks. They exist often mutually owned (often named mutual savings banks), indicating that the depositors and borrowers exist as members with voting rights, and can direct the financial and managerial purposes of the association like the members of a credit union or the policyholders of a mutual insurance company.
While it exists possible for an S&L to be a joint-stock company, and even publicly traded, in such instances, it exists no longer a mutual association, and depositors and borrowers no longer maintain membership rights and managerial authority. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their emphasis on the mortgage and consumer loans creates them specifically vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
Hence, S&L members do not have voting rights is a false statement.
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A group of employees recognized by an employer as appropriate for representation by a labor organization for purposes of collective bargaining is (are) called a?
A group of employees recognized by an employer as appropriate for representation by a labor organization for purposes of collective bargaining is (are) called a bargaining unit.
What exactly do you mean by labor organization?An association of workers who have banded together to preserve or advance their interests by collective bargaining with their employers to get better working conditions, pay, and equivalent benefits is known as a labor organization. Similar benefits include those typically offered by labor unions, such as lockout, strike, death, illness, and accident insurance.Name some famous labor organization. International Alliance of Theatrical State Employees.American Federation of Government Employees.American Nurses Association.National Postal Mail Handlers.International Union of Painters and Allied Trades.Transport Workers Union of America.Learn more about labor organization here:
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Under the sipde system, to be able to make estimates and predictions, what are the three rules you must remember?
Rules of the road, rules of the killer dynamics, rules of human; rules to be remembered under the SIPDE system, to be able to make estimates our predictions are rules of roads, dynamics, humans.
More about SIPDE :
The procedure is a simple method for addressing the driving challenge. It is an acronym for a 5 step process for defensive driving.
Search the road and any off-road areas 20 to 30 seconds in advance is what "S" stands for. "Identify" anything in the next 12 to 15 seconds that might get in the way of your intended course of travel. P is stated as predict what actions or alterations in the environment on or near the roadway might make the situation more dangerous D stands for "Decide," therefore decide what steps you should take to assist reduce hazards. "E" stand for "Execute" the decision you have made.
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When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.
When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. The given statement is true.
What is 10-year bond versus?The 10-year yield stands used as a proxy for mortgage rates. It's also seen as a symbol of investor sentiment about the economy. A rising yield indicates declining demand for Treasury bonds, which represents investors prefer higher-risk, higher-reward investments. A falling yield indicates the opposite.
When the 10-year yield proceeds up, so do mortgage rates and other borrowing rates. When the 10-year yield downfalls and mortgage rates fall, the housing market maintains, which in turn has a positive impact on economic development and the economy.
Put another way, present value captures how much would require to be invested today to maintain some amount at a provided point in the future if one could earn a specific return. When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk.
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A common criticism of the marketing system is that intermediaries ________. are overly protective of manufacturers' interests provide only essential services undervalue their service costs are too few in number mark up prices beyond the value of their services
A common criticism of the marketing system is that intermediaries mark up prices beyond the value of their services.
A market system is any systematic process enabling many market gamers to provide and call for assisting consumers and sellers to engage and make offers. It isn't always simply the rate mechanism but the entire system of regulation, qualification, credentials, reputations, and clearing that surrounds that mechanism and makes it perform in a social context.
A few authors use the time period "market device" to consult particularly to the loose market device. This text focuses on the extra well-known feel of the term in step with which there is an expansion of various market structures.
One of the examples is Amway. It's an American marketing company that manufactures beauty, home care, and health products. The brand belongs to a corporate vertical marketing system because it sells products only through its authorized stores.
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A research approach that focuses on the actual content of texts and seeks to describe their meaning objectively and systematically, within the context of communication is called?
Quantitative content analysis is a research approach that focuses on the actual content of texts and seeks to describe their meaning objectively and systematically, within the context of communication.
What is quantitative content analysis?Quantitative content analysis is a research method that focuses on the actual content of texts and aims to objectively and systematically characterize their meaning within the context of communication.Quantitative content analysis is a research method that categorizes and records aspects of textual, visual, or aural information so that they can be studied. It is widely used in the field of communication, but it is also useful in a variety of other fields. Their main purpose was to quantify the text's words or phrases in order to provide an objective and systematic description of the content.Therefore, quantitative content analysis is a research approach that focuses on the actual content of texts and seeks to describe their meaning objectively and systematically, within the context of communication.
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What is the principal reason that economists give for the existence of deflationary and inflationary gaps?
Wages are fixed in the short run is the principal reason that economists give for the existence of deflationary and inflationary gaps.
An inflationary gap is an amount by the way which real aggregate demand exceeds the extent of aggregate demand(expected) required to establish the entire employment. The deflationary gap is the amount by means of which real mixture demand falls brief of combination supply at the stage of complete employment.
Definition deflationary gap – that is the difference between the full employment stage of output and real output. As an example, in a recession, the deflationary gap can be quite extensive, indicative of the high costs of unemployment and underused assets. A deflationary hole is likewise referred to as a terrible output gap.
A short Run in economics refers to a manufacturing planning period in which a commercial enterprise attempts to fulfill the market demand with the aid of maintaining one or more production inputs fixed even as changing others. It varies with industries and differs from the longer term in that the latter considers all inputs as variables.
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When marketers carefully develop a set of product attributes such as the brand name, features/design, and quality level of an offering, they are developing the.
When marketers carefully develop a set of product attributes such as the brand name, features/design, and quality level of an offering, they are developing the -- actual product
Defining Product :
A product is a bundle of attributes (features, functions, benefits, and uses) that a person receives in an exchange. In essence, the term “product” refers to anything offered by a firm to provide customer satisfaction, tangible or intangible. Thus, a product may be an idea (recycling), a physical good (a pair of sneakers), a service (banking), or any combination of the three.
Brand :
Brands are interesting, powerful concoctions of the marketplace that create tremendous value for organizations and for individuals.
Defining actual product :
An actual product is what the consumer holds in his or her hand when the product is purchased. This is the packaging, brand name, logo and all tangible aspects of the product that can be seen without opening or using the product. While the tangible aspects of the product may not help the quality, it can lead to increased sales if properly used.
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