The three additional PS of services marketing that extend the original four ps of marketing are: process, people, and physical services.
Product, pricing, promotion, and place are a few crucial elements to take into account when creating a marketing plan, and the four Ps are a marketing industry standard. What you're selling, how much you're charging, how you're going to advertise it, and where you're going to sell it.
Although these four Ps are significant, this essay is not about them. Instead, we'll discuss the three frequently overlooked Ps of marketing—people, process, and physical environment—which are particularly relevant to service organizations.
You can make business decisions that will define your marketing strategy and operations with the aid of the marketing mix pillars. Finding these pillars reveals what you require, your company's strengths, and areas for development.
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use the following facts for a manufacturer. raw materials purchases $ 200,000 direct labor $ 450,000 indirect labor $ 35,000 selling and administrative costs $ 102,000 depreciation on factory equipment $ 120,000 other factory costs $ 165,000 sales revenue ($100 per unit) $ 2,296,000 january 1 december 31 raw materials $ 15,800 $ 13,300 work-in-process $ 35,700 $ 46,500 finished goods $ 85,100 2,200 units $138,400 3,340 units (not all produced in current year) what is the cost of direct materials used for the year? a. 189,200 b. 197,500 c. 202,500 d. 200,000 e. 215,800
The cost of the materials utilized for the provided inquiry in one year was $100,2700.
Production-related raw materials:
= Beginning Raw Material Inventory - Raw Material Purchases - Ending Raw Material Inventory
= $15,800 + $200,000 - $85,100
= $130700
Total cost of production:
Added to the Work in Process: Direct Labor, Manufacturing Overhead, and Raw Materials Used in Production
= $130700 + 450,000 + ( 35,000 + 102,000 + 120,000+165,000)
= $1002700
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transaction exposure is defined as group of answer choices the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes. the extent to which the value of the firm would be affected by unanticipated changes in exchange rate. the potential that the firm's consolidated financial statement can be affected by changes in exchange rates. ex post and ex ante currency exposures.
Transaction exposure is defined as the sensitivity of realized domestic currency values of the firm's contractual cash flows denominated in foreign currencies to unexpected exchange rate changes.
Transaction exposure is a type of risk faced due to exchange rate fluctuations by companies involved in trade with other countries. The exchange rate between currencies of two countries should be equal to the ratio of the countries' price levels and as the purchasing power of a currency sharply declines (due to hyperinflation) that currency will depreciate against currencies that didn't show any kind of fluctuation. If an exporter faced with exposure to a depreciating currency pays late and collects early, then in both cases he will earn profit. In an appreciating currency, he should pay early and collect late.
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a company has total sales revenue of $500,000 for the year. sales discounts, returns, and allowances total $50,000 and the cost of goods sold is $300,000. what is the company's gross profit ratio?
The company's gross profit ratio is 33.33%.
What is a gross profit ratio?A sort of profitability ratio is the gross profit margin ratio, often known as the gross margin. It is useful to calculate the profit generated by a company's sales of goods and services after direct costs are subtracted. Simply put, it is a straightforward indicator to assess the profitability of the business. It is also beneficial to assess how well the business uses its labor force and raw materials during the production process.The cost of products sold is subtracted from the total sales to determine the gross profit in a company's income statement. Only the direct costs of the business are taken into account when calculating the cost of products sold. The direct expenses are erratic because they fluctuate according to the volume of production.The gross profit ratio is calculated as
gross profit ($500,000 − $50,000 − $300,000) divided by net sales ($500,000 − $50,000)*100=33.33%.
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a july sales forecast projects that 7,500 units are going to be sold at a price of $12.00 per unit. management forecasts 15% growth in sales each month. total july sales are anticipated to be:
The total anticipated sales for the month of august is 8625 units with sales revenue of $1,03,500
Management uses a sales budget as a planning budget to project future sales in both units and dollars. Management can estimate profits, set divisional goals, and determine the amount of production needed to meet demand by creating a sales budget.
An indication of anticipated sales revenue is a sales forecast. A sales forecast predicts how much your business expects to sell over a specific time period
July August
Unit Sales 7,500 x 1.15 8,625
Sales Price per Unit x $12.00 x $12.00
Sales $90,000 $1,03,500
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the manager at lampshades limited reported the standard direct material cost per lampshade was 1.2 yards of cloth of input allowed per each lampshade (output unit) manufactured, at $20 standard price per yard. what is the standard direct material cost per lampshade?
1.2 x $20 = $24 Standard cost per output unit for each variable direct cost per unit = Standard input allowed for one input unit × Standard price per input unit.
A cost is the value of money that has been used up to produce something or supply a service and is thus no longer available for use in production, research, retail, and accounting. In business, the cost may be one of acquisition, in which case the amount of money spent to obtain it is recognized as cost. In this scenario, money is the input used to purchase the item.
This acquisition cost could be the total of the cost of production incurred by the original producer and additional transaction expenses incurred by the acquirer over and above the price paid to the producer. Typically, the price includes a profit margin above the cost of manufacture.
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what effect does the collection of a note receivable, excluding interest, have on the accounting equation?
The effect of collection of notes receivable, excluding interest, on the accounting equation is total assets equal.
Notes receivable is a formal written statement of the amount of the consumer's receivables. As long as it is expected to be collected within one year, the notes receivable will be included in the current asset group which must be reported on the balance sheet of the financial statements.
Notes receivable can also be used to pay off customer receivables. Notes receivable and business receivables obtained from sales are sometimes also referred to as accounts receivable. A backed statement of a note has several other advantages over a statement recorded in the form of accounts receivable. By signing the draft, the debtor acknowledges the debt and is willing to make payments in accordance with the written terms. Thus, the note has a very strong legal claim.
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which statement is true of an association rule? a. it is ultimately judged on how actionable it is and how well it explains the relationship between item sets. b. it uses analytic models to describe the relationship between metrics that drive business performance. c. it is a data reduction technique that reduces large information into smaller homogeneous groups. d. it seeks to classify a categorical outcome into two or more categories.
In descriptive analytics, historical data is stored, aggregated, and visualised in a form that can aid in understanding the present and prior states of the company. The answer is It uses analytic models to describe the relationship between metrics that drive business performance.
Working with a storage system where all the pertinent company data is gathered is the foundation of descriptive analytics. Depending on the volume and complexity of the data to be processed, this system may use classic SQL systems, distributed files and derivatives in the Hadoop style, or NoSQL databases. On this storage layer, technologies are deployed that enable the processing of this data both in batch and online modes, enabling the aggregations and queries required for the analysis.Predictive analytics refers to a technique for data analysis that focuses on predicting future outcomes based on historical information and data. Machine learning and statistical modelling are examples of analytics techniques that fall under this category.For accurate information and future predictions, the methodology is crucial.Thus, the method can link the present with the future, which is useful for future research.
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arrington stock is currently valued at $28.40 per share. the firm had earnings per share of $1.86 last year and projects earnings of $2.09 per share for next year. what is the trailing twelve month price-earnings ratio?
The price-earnings ratio during the last twelve months was 15.27.
The total price-to-earnings for a firm is its trailing price-to-earnings, which is determined by dividing the current stock price by the trailing earnings per share for the last 12 months. This metric is distinct from forward P/E, which is based on projected earnings for the following four quarters.
In comparison to businesses with a lower P/E, a high P/E suggests that investors are anticipating higher earnings growth in the future.
Trailing P/E Ratio
= current share price/earnings per share for the previous twelve months
= 15.27
As a result, the price-earnings ratio for the trailing twelve months is 15.27.
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the next dividend payment by savitz, incorporated, will be $2.75 per share. the dividends are anticipated to maintain a growth rate of 5 percent forever. if the stock currently sells for $41 per share, what is the required return?
The Required return is 10.88%.
Given,
40 = frac{2.75}{r - 0.04}
r - 0.04 = 2.75/40
r - 0.04 = 0.06875
r = 10.875%
r = 10.88%
The required rate of return is the minimum ideal return on funding sought by way of individuals or organizations thinking about an investment opportunity.
The required rate of return (RRR) is the minimum quantity of profit (return) an investor will seek or obtain for assuming the chance of making an investment in a stock or another kind of security. RRR is also used to calculate how profitable a project might be relative to the value of an investment that undertaking.
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write names of any four equipment that uses modern technology
Answer:
routers
Internet modems
desktop or notebook computers
servers
headsets
The four pieces of equipment that use modern technologies are an Internet modem, a Router, an internet switch, An Uninterruptable Power Supply (UPS)
Internet modem
The term "modem" is misleading because it dates back to the time when a digital signal was required to be modulated before being sent over an analog phone line and demodulated upon arrival.
However, every firm needs a link between an Internet Service Provider (ISP) and an office network.
Router
Every device on a network may receive a different IP address from a router. This is necessary for features like shared printing and scanning.
Anyone with the necessary credentials can connect securely to network devices from home or while on the go by setting up a virtual private network (VPN) on a router.
An Internet switch
Physical ports on routers are often few. Fortunately, a switch may be used to connect a router. Switches can have up to 48 ports. Stacking switches is another option. Therefore, each VoIP phone in your office that has, let's say, 24 lines will require a port (although a VoIP phone and a computer can be daisy-chained to a single switch port).
An Uninterruptable Power Supply (UPS)
A few hundred dollars to many thousands of dollars can be spent on a UPS, and companies like CyberPower provide a variety of products in this price range.
Low-end UPSs can run modems, routers, and switches for a few hours during a power outage because they consume little power. Employees with fully charged laptops can keep working.
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a jacket potato vendor charges $5.89 per potato sold. the variable cost of each potato served is $0.91. the stall has a fixed cost of $500 per week. how many potatoes must the stall sell in order to achieve a profit objective of $750 per week?
The vendor must sell 356 potatoes in order to achieve a profit objective of $750 per week with variable cost of each potato served is $0.91.
What is variable cost?A variable cost is a type of business expense that varies depending on how much a company makes or sells. Depending on a company's production or sales volume, variable costs rise or fall; they increase with rising production (profit)and decline with falling production.Examples of variable costs include raw material and packaging costs for manufacturing businesses, as well as credit card processing fees and shipping costs for retail businesses, which fluctuate with sales. You can compare a variable cost to a fixed cost.Contribution margin, the metric used to calculate a company's break-even or target profit level, is largely dependent on variable costs for a given product.Number of potatoes to be sold = (400+750)/(4.36-1.13)= 356 potatoesHence the total amount of potatoes sold are 356.To learn more about variable cost from the given link:
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g what is a control system component?question 21 options:spc metricinternal auditstandard or goalattribute
A control system is a collection of numerous parts connected as a unit to guide or regulate itself or any other system in order to generate a specified output. We all know that controlling is the act of regulating or guiding. Hence, the metric internal audit standard or goal attributes all the given options are correct.
What is the component of system control?Executives may use organizational control systems to assess how effectively their organization is operating, identify areas of concern, and then take action to resolve those problems. Executives can choose from three fundamental forms of control systems: (1) output control, (2) behavioral control, and (3) clan control.
A typical motion control system consists of four fundamental components. The controller, amplifier, actuator, and feedback are the four components. The intricacy of each of these pieces will differ depending on the application for which they are created and built.
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What is the best example of an etiquette guideline new employees should follow? question 2 options: take credit for a coworker's ideas if you can get away with it bully employees lower on the company hierarchy to help with your tasks let your teammates know if you could potentially miss a deadline arrive five minutes late for meetings because they never start on time
Answer:
To help with your tasks let your teammates know if you could potentially miss a deadline.
in a closed economy, without the government, the consumption expenditure equals $5,000 and the investment expenditure equals $2,000. what is the national incom
In national income accounting, internet countrywide earnings (NNI) is internet countrywide product (NNP) minus indirect taxes.[1] internet countrywide earnings encompass the earnings of families, corporations, and the authorities. net countrywide profits are defined as gross domestic product plus internet receipts of wages, salaries, and assets earnings from overseas, minus the depreciation of constant capital assets (dwellings, homes, machinery, shipping gadget, and physical infrastructure) via put-on and tear and obsolescence.
Herbal assets are non-vital natural capital along with minerals. NNI* no longer takes critical natural capital under consideration. Examples are air, water, land, and so on.
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assuming all else equal, if an airline company decides to purchase new planes, it is likely to cause . group of answer choices a downward movement along its credit demand curve an upward movement along its credit demand curve its credit demand curve to shift to the right its credit demand curve to shift to the left
Assuming all else equal, if an airline company decides to purchase new planes, it is likely to cause its credit demand curve to shift to the right.
What is demand curve?In economics, a demand curve is a graph that shows the relationship between a commodity's price and the amount that is desired at that price. Demand curves can be used to both the price-quantity connection for a single consumer as well as for all consumers in a given market.
The demand schedule is the foundation for the demand curve. The demand schedule details the precise number of units of an item or service that will be bought at various price points. It is significant to remember that when the price falls, the quantity demanded rises.
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ed's boss reports that he can predict which days ed is going to make a scene at work, based on how he greets everyone when he arrives. this indicates a(n) is probably in effect.
Ed's boss reports that he can predict which day Ed will make a fuss at work, based on how he greets everyone when he arrives. this indicates the establishment operation may apply.
Even though you basically work for yourself, that doesn't mean you work alone when you're in the office. You will meet and work with many people. It is not uncommon to have to work in teams for certain projects.
With that much interaction with coworkers, it's natural to sometimes have different opinions and get into trouble. If this happens, as much as possible resolve it as an adult and do not invite a commotion in the office. One of them is through joint discussion.
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since 1920 in manufacturing the arrival of motor vehicles and better communications, along with a shift away from heavy manufacturing, gave rise to production no longer tied to rail heads, ports or natural resources. these new activities were called
These new activities were called as Tertiary activities.
What do you mean by Tertiary activities?
The tertiary activities can be: Trade and commerce Trade is buying and selling of products and goods produced somewhere else. Examples include Hospitality industry/tourism, Mass media. Healthcare/hospitals and Public health. Manufacturing deals with secondary sector
The types of service sectors based on activities carried out
Trade and commerceTransportationServicesUses include
Delivering essential services to the public:Enhancing employment opportunities: Creating positive experience:Helping in economic growthHence, with a shift away from heavy manufacturing, gave rise to production no longer tied to rail heads, ports or natural resources. these new activities were called as Tertiary activities.
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which of the following statements is (are) true? i. if the firm is producing 5 units of output, it should expand output to increase profits because p > mc. ii. at a price of $16, the firm's profits would rise if it raised its price. iii. the profit-maximizing quantity is 600 units. iv. the profit-maximizing price is $13.
The profit-maximizing pricing in this case is $13, taking into account that the company is producing 5 units and that it must expand because the price is higher than the marginal cost.
What do you mean by marginal cost, exactly?The difference in total production costs caused by creating or producing an extra unit is known as the marginal cost in economics. Divide the variation in production costs by the variation in quantity to determine marginal cost.
What are marginal cost and profit?Marginal cost refers to the additional cost or profit incurred when producing the next item. Marginal product is the additional revenue generated, whereas marginal cost is the additional cost incurred for manufacturing one extra unit.
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what are the major dimensions of strategic management? multiple select question. assessing the purpose of an an organization responding to changes in the external market allocating scarce resources of the firm communicating objectives throughout an organization
The major dimensions of strategic management is Allocating the company's limited resources and adapting to changes in the external market.
Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management includes setting corporate objectives, observing competitor behavior, reviewing internal organizational structure, analyzing current strategies, and ensuring that strategies are carried out across the corporation. Prescriptive and descriptive strategic management are the two varieties. Strategic management is the process of establishing policies, procedures, and goals to improve a company's or organization's competitiveness.
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if shepard, garrus, liara, and wrex are the only consumers of this videogame, what is the marketwide consumer surplus (the total consumer surplus for the four consumers listed above)?
The total consumer surplus of the market is 100.
What is the formula for consumer surplus?Simple consumer surplus is as follows: Consumer surplus is the difference between the actual price and the maximum price willing to pay. Let's take a look at an example to show how this formula works. In 2020, Michael wants to purchase a Honda Civic.
What is surplus between producers and consumers?The term "consumer surplus" refers to the difference between what a consumer is willing to pay for a product and what they actually paid for it. The producer surplus is the difference between the lowest price a producer is willing to accept in order to produce a good and the market price.
The new computer game has a sticker price of $50.It is understood that:
From the information gave, customer 4 (Wrecks) won't buy the item. The consumer's willingness to pay (WTP) is divided by the price to determine the consumer surplus.
The excess three clients have a complete overflow of:
(100 - 50) + (80 - 50) + (70 - 50) = CS
= 50 + 30 + 20
= $100.
Consequently, the product will be purchased by three customers at the $50 market price. Total CS will amount to $100.
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Full question is in the attachment:
Monopolies have been declared legal once again. Analyze why this development may not be in your best interest as a consumer.
50 Points/Please give a real answer only else will have to report the account.
Thank you.
Answer:
BLE OF CONTENTS
ECONOMY GOVERNMENT & POLICY
What Is a Monopoly? Types, Regulations, and Impact on Markets
By ADAM HAYES Updated August 02, 2022
Reviewed by CAITLIN CLARKE
Fact checked by SUZANNE KVILHAUG
Monopoly
Investopedia / Jessica Olah
What Is a Monopoly?
A monopoly is a market structure where a single seller or producer assumes a dominant position in an industry or a sector. Monopolies are discouraged in free-market economies as they stifle competition and limit substitutes for consumers.
In the United States, antitrust legislation is in place to restrict monopolies, ensuring that one business cannot control a market and use that control to exploit its customers.
KEY TAKEAWAYS
A monopoly is a market structure that consists of only one seller or producer.
A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace.
Monopolies can lead to unfair consumer practices.
Some monopolies such as those in the utility sector are government regulated.
true or false: if a real estate development turns out to suffer from a failure of market demand, the developer normally can find ways of correcting or escaping the problem.
If a real estate development turns out to suffer from a failure of market demand, the developer normally can find ways of correcting or escaping the problem. This statement is FALSE.
In the real estate market, each product is different and has a varied value. For instance, two identically constructed houses can differ based on location and how well they have been maintained. Real estate's uniqueness also stems from the fact that it typically serves as the largest asset of its owner. Your home is typically your most valuable item, assuming extreme wealth.
The housing market is quite unpredictable. They could be growing quickly until suddenly everything crashes. Recall the severe recession that began in 2007? Despite the fact that they are not directly related, any movement in the capital markets directly impacts the real estate market. For instance, when interest rates rise, real estate suffers.
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margin of safety a. if canace company, with a break-even point at $315,700 of sales, has actual sales of $410,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? round the percentage to the nearest whole number. 1. $fill in the blank 1 2. fill in the blank 2 % b. if the margin of safety for canace company was 25%, fixed costs were $1,387,500, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (hint: determine the break-even in sales dollars first.) $fill in the blank 3
The margin of safety for Canace company with a break-even point at $315,700 of sales is 2,11,500.
What is margin of safety?The market price and a stock's intrinsic value are separated by a margin of safety. The margin of safety in break-even analysis refers to the amount that output or sales can drop before a business hits its break-even point. It is a concept from the accounting discipline. A no-profit, no-loss situation is the break-even point. When a stock's value exceeds its market price, it should be purchased using the margin of safety strategy. The value investing theory, which promotes capital preservation as the first investing rule, is based on this basic tenet. Benjamin Graham advised investors to focus on undervalued or underappreciated businesses with low P/E and P/B ratios. To determine whether businesses have unrecognized assets that are hidden from the public view, one need also examine financial statements and footnotes.
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Expenditures that add to the utility of fixed assets for more than one accounting period are.
Capital expenditures are costs that increase the usefulness of fixed assets over the course of more than one accounting period.
A capital expenditure can be defined as the kind of expense that is used to fund a specific asset that the owner of the business expects to be useful to the business. This can be used for as many reporting periods as necessary, which is a way to help the business grow. It should be noted that capital expenditures are crucial to the functioning of the business system.The expense that is held over a lengthy period of time is a capital expenditure. It is the amount spent on long-term assets or fixed assets that are leased, purchased, or improved in order to increase production.Examples include structures, furniture, and office supplies.This capital expenditure is recorded in the assets part of the balance sheet under the fixed assets heading.
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Which best describes the flow of overhead costs in an activity-based costing system?.
The flow of overhead costs in an activity-based costing system is best described as overhead costs to activity costs pools to cost drivers to goods.
Overhead expenditures are ongoing business expenses that aren’t directly connected to rendering a good or service. It is essential for budgeting and for determining the prices that a company should set for its products or services in order to make a profit.Overhead is the aggregate term for costs that are incurred to sustain the business but are not directly related to a good or service.ABC is a method for dividing up direct and indirect expenditures into several categories of products and services, such as salary and utilities. The foundation of the ABC system of cost accounting is activities, which are characterised as any.A form of system of costing called “activity based”.Accounting costing where it is said that in which direct expenses are apportioned to products. Unlike the conventional techniques, this the connection between administrative expenses and overhead is clearly defined and connected.To the finished manufacturing item.
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pet products inc. manufactures two products, cat bowls and dog bowls, from a joint process. cat bowls are allocated 50% of the total joint costs of $20,000. there are 1,000 cat bowls produced and 1,000 dog bowls produced each year. cat bowls can be sold at the split-off point for $11 per unit, or they can be processed further into an extra fancy cat bowl for additional processing costs of $4,920 and sold for $14 each. what is the difference in operating income between processing the cat bowls further versus selling them off at the split-off point?
The difference in operating income between processing the cat bowls further versus selling them off at the split-off point is -$1,920.
What is operating income?
Operating income is the adjusted revenue of a business after all operating costs and depreciation have been taken into account. The charges incurred to maintain the operation of the business are known as operating expenses.
Calculating the operational income difference:
After additional processing, sales income (1000*14) 14000
At the split-off point, sales revenue (1000 x 11) 11000
3000 in additional revenue
Cost Incremental -4920
Increased revenue (loss) -1920
Operating income (loss) difference = -1920
The ability of your company to make money from its operational activities is demonstrated by operating income. The operating income figure is frequently used by business owners to assess the operational success of their enterprise. Potential creditors and investors might be interested in your company's operating income.
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salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as
Salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as prospecting.
An illustration of a salesman is someone who sells buses. A salesperson or salesman. A person who's employed to vend products or services. A person employed to vend goods or services. All salesmen can be grouped into one of three orders The Commodity salesman. The Price salesman. The Solution Value Salesperson.
A salesman is someone who sells a product or service, and his or her main idea is making deals. The salesman may or may not actually be passionate about the product or service. He or she's utmost interested in earning a plutocrat.
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if the spending multiplier is 4 and a change in government spending leads to a $500 million decrease in ad, we can conclude that:
The multiplier effect is a theory that claims that government spending on economic stimulus increases private spending, which further stimulates the economy.
Describe the multiplier effect.A capital injection or withdrawal will result in a proportionate increase or decrease in final income, which is referred to in economics as the multiplier effect. In essence, multipliers' effects gauge the effect a change in economic activity—such as investment or spending—will have on a given object's overall economic output.
The multiplier is the name for this heightened effect. In general, economists are most interested in how capital infusions affect income or growth in a positive way. Many economists are of the opinion that capital investments of any kind, whether made by governments or corporations, will have a significant snowball effect on numerous facets of economic activity.
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as a result of a tariff t imposed on speedboats, the price domestic consumers pay for speedboats probably will likely be:
As a end result of a tariff T imposed on speedboats, the fee that overseas suppliers will receive probably will be: P1. P3.
How do I discover out my tariff revenue?Tariff revenue alternate on a given import flow is computed surely as the closing ad-valorem tariff improved by means of the final import cost minus the preliminary ad-valorem tariff extended by way of the initial import value.
Why are tariffs imposed on goods?Tariffs have three primary functions: to serve as a source of revenue, to protect home industries, and to remedy change distortions (punitive function). The income feature comes from the fact that the profits from tariffs affords governments with a supply of funding.
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the terms direct cost and indirect cost are commonly used in accounting. a particular cost might be considered a direct cost of a manufacturing department but an indirect cost of the product produced in the manufacturing department. classifying a cost as either direct or indirect depends upon a. the behavior of the cost in response to volume changes. b. whether the cost is expensed in the period in which it is incurred. c. the cost object to which the cost is being related. d. whether an expenditure is unavoidable because it cannot be changed regardless of any action taken.
The distinction between direct and indirect costs.Indirect is dependent on the relationship to the price item. Whether the price can be connected.
It is unwaveringly direct to the cost object.Instead, if it cannot be linked to the Cost is an indirect object.If a cost is variable or fixed.Incorrect. Direct expenses may be fixed or Variable.If the expense can be tracked easily.Use the cost object. Correct.The cost’s actions in response to Volume alterations Incorrect. This is a determinant.Costs (or fixed that fluctuates with relevant Range)Whether the expense is recorded as aThe time when it is incurred. Incorrect.While indirect costs cannot be as easily attributed to any unit of measurement, direct costs may be easily related to a specific cost unit.For certain goods or units, direct costs are incurred. In other words, it might be prevented if certain procedures weren’t performed. The price of raw materials is one instance.Provide numerous benefits at direct cost to support operation and output. Even without an active procedure, it can still be incurred.
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