B) Variation occurs in all work processes and the novelty associated with most projects creates many opportunities for variation.
What is Variation?
Project management commonly uses the concept of variation. It is regarded as one of the main uncertainties that project managers must constantly monitor and control. It is characterized as the real situation that completely differs from the anticipated one. A baseline plan often includes the expected state. Costs, activity durations, performance levels, and the number of resources available can all vary within a project. Although there are many different kinds of variations, the project plan is still intact. However, changes to the timeline or project may have an impact on how the project team delivers.
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Japanese and American salespersons are surprisingly similar except for one difference thatJapanese rate as more important than their American counterparts. Identify this difference.job securitypromotionjob satisfactionsocial recognitionpersonal growth and development
Japanese and American salespersons are surprisingly similar except for one difference: the Japanese rate is more important than their American counterparts and the difference is social recognition.
What is social recognition?Social recognition refers to any form of appreciation that doesn’t involve a monetary component, from a simple thank you in the hallway to a callout at the weekly staff meeting. Practising social recognition allows workers of all levels to feel valued for their contributions to your organization. Social recognition can completely transform a company and boost key metrics like employee engagement, and retention.
The performance of both employees and the organization as a whole also improves.
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michelle needs to sell her idea to remodel their business waiting room to her boss. michelle is more likely to succeed if she can base her argument on saving or earning money. t/f
Michelle needs to sell her idea to remodel their business waiting room to her boss. Michelle is more likely to succeed if she can base her argument on saving or earning money. its true.
Increased income is the only way to truly and significantly alter their future. More savings simply won't be sufficient. Another idea is that you need to save less money, at least for your expenses, the more money you make. Earning money are what you obtain from doing chores or working a job. You still need to set up an emergency fund and invest in retirement accounts. The answer is a resounding nay for the majority of individuals. Savings are what you obtain when you don't spend everything you earn. We all need money in plain and clear ways for everything from meeting our most basic needs for survival to realizing our wildest goals. But earning money shouldn't be your only priority in life, it shouldn't come before anything else.
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jim hackett experiences car troubles, so he calls aaa to transport it to ford's custom-repair shop. price is not discussed or negotiated, and jim hackett and aaa do not sign any documents. later, aaa sends jim hackett a bill. considering jim's obligation to pay the bill, this is
a, an implied contract. b.an express contract. c. no contract. d. an implied-in-law contract.
The answer is A. considering Jim's obligation to pay the bill, this is an implied contract.
An implied contract is a legitimately restricting commitment that gets from activities, lead, or conditions of at least one gatherings in an understanding. It has a similar lawful power as an express contract, which is an agreement that is willfully placed into and settled on verbally or recorded as a hard copy by at least two gatherings. The suggested agreement, then again, is accepted to exist, yet no composed or verbal affirmation is fundamental.
The principles underlying an implied contract are that no individual ought to get out of line benefits to the detriment of someone else, and a composed or verbal understanding isn't expected to get fair play.
An implied contract is in some cases hard to implement to enforce because proving the justice of the claim is a matter for argument, not a simple matter of producing a signed document
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A WMS is a very effective tool as it not only keeps track of your assets, but also helps you improve warehouse ________.a. Productivityb. Timelinessc. Space utilizationd. Materials flowsall
The correct option is (e) i.e. All of the options are correct. As WMS improve productivity, timeless, space utilization and materials flows.
What is WMS?A warehouse management system (WMS) is a software program that controls supply chain fulfillment activities from the distribution center to the retail shelf and provides visibility into a company's full inventory.
By coordinating and optimizing resource consumption and material movements, warehouse management (WMS) solutions can help businesses make the most of their expenditures in equipment, manpower, and space. WMS systems are specifically created to handle the requirements of a complete global supply chain, including enterprises engaged in distribution, manufacturing, asset-intensive industries, and services. Fulfillment operations must adapt to the changes with a digitally linked solution of their own since the internet and digital technology have changed how consumers make purchases, disrupting supply marketplaces, altering consumer buying patterns, and increasing supply chain complexity.
Warehouse Management System helps us in improving:
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on july 1, aloha company exercises a call option that requires aloha to pay $326,400 for its outstanding bonds that have a carrying value of $329,600 and a par value of $320,000. the company exercises the call option after the semiannual interest is paid the day before on june 30.
The journal entry of bonds for the following is:
Note: Requirement is recording the retirement of bonds maturity.
Bonds Payable A/c.............................Dr $400,000
Premium on bonds payable A/c......Dr $12,000
Cash A/c.................................................. $408,000
Gain on retirement of bonds A/c....... $4,000
Working Note:
Given,
Book value of bonds retirement day is $412,000
Face value of bond is $400,000
Call Price of the bonds is $408,000
Premium on bonds payable = Book value - Face value
= $412,000 - $400,000
= $12,000
Gain on redemption of bonds = Book value - Call Price
= $412,000 - $408,000
= $4,000
Bonds- When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
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A new production technology for making vitamins is invented by a college professor who decides not to patent it. Thus, it is available for anybody to copy and put into use. The TC per bottle for production up to 100,000 bottles per day is given in the following table.
Instructions: In part a, round your answers to 2 decimal places. In parts c and d, enter your answers as whole numbers.
a. What is ATC for each level of output listed in the table?
output TC ATC
25,000 90,000 ?
50,000 110,000 ?
75,000 115,000 ?
100,000 120,000 ?
b. Suppose that for each 25,000-bottle-per-day increase in production above 100,000 bottles per day, TC increases by $5,000 (so that, for instance, 125,000 bottles per day would generate total costs of $125,000 and 150,000 bottles per day would generate total costs of $130,000). Is this a decreasing-cost industry?
(Click to select )No or Yes
c. Suppose that the price of a bottle of vitamins is $2.13 and that at that price the total quantity demanded by consumers is 75,000,000 bottles. How many firms will there be in this industry?
d. Suppose that, instead, the market quantity demanded at a price of $2.13 is only 75,000. How many firms do you expect there to be in this industry?
The ATC for each level of output listes in the table is computed as under. Yes, It is a decreasing Cost Industry. There will be around 1.53 firms in the industry.
Average total cost is the sum of all production costs divided by the quantity of units produced. Add up all fixed and variable costs, then divide by the quantity of units produced to determine average total cost.
In the given questions,
a. We know that,
Average Total Cost = Total Cost/Quantity
Therefore, the solutions for the same are computed in the form of a table and attached in the form of an image.
b. Here, also a table is attached in the form of an image and the calculations are computed for additional two items. So from the given table, we can conclude that, The cost of production increases with each 25,000 bottles, increase in the production above 100,000 bottles per day. The total cost is increasing by $5,000 but the average cost is decreasing. Therefore, the industry is a decreasing-cost industry.
c. The marked price is $2.13 at the price total quantity demanded by consumers is 75,000 bottles. At market price, $2.13, no firm will demand less than 75,000 quantity. There will be 1.53 firms in the industry.
d. The market quantity demanded at a price $2.13 is only 75,000. They expect only 1.5 firms in the industry.
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Which of the following is an important feature of the indirect denial method of responding to objections?In this method, the buyer's objection is used as a means of getting rid of the salesperson.Successful salespeople discuss only those objections that specifically address the needs of the prospect.Salespeople recognize the position of the customer who makes an objection and then continue by introducing substantial evidence.Salespeople admit that every objection made by the buyer is valid and then proceed to show any compensating advantages of a product or a service.This method stimulates salespeople to base their sales presentations on an analysis of the customer.10.In the context of applicant information sources, which of the following statements is true of tests?They tend to corroborate erroneous "gut feelings" of interviewers.They validate the information provided by references.They cannot be used to determine the psychological aptitude of candidates.They do not predict the success of candidates any better than their past work record.They provide an insight into candidates that is not apparent from their resumes.11.be present at the time of the purchaseprovide the customer with periodic maintenance and repair on his or her purchaseAll of the answers are correct.provide the customer with various specialty advertising items that contain the selling firm's name, logo, and Web sitemake sure the customer has access to the selling firm's catalogs13.James, a salesperson at a digital appliances firm, struggles to keep up with his paperwork. He seldom gets time to complete it, and it gets piled up for the weekends. As a result, James works on all days of the week. He approaches a senior salesperson for tips on how to handle his paperwork better. Which of the following tips would most likely be suggested by the senior salesperson?Delegating all the paperwork to a subordinateCompleting the paperwork when waiting for a customerTaking a couple of days off every month to complete the paperworkAvoiding setting aside a block of nonselling time for paperworkDedicating prime selling time to complete the paperwork
An important feature of the indirect denial method of responding to objections is salespeople recognize the position of the customer who makes an objection and then continue by introducing substantial evidence.
What is consumer complaint?Customer complaints are "an statement of discontent on behalf of a customer to a responsible party." It can also be viewed favorably as a report from a customer who provides proof of an issue with a good or service. Consumer complaints are typically informal complaints made to a business or public service provider directly. Most of the time, problems with products and services are resolved by the consumers, but it may occasionally take some persistence.
A complaint that is made to a party or entity that has the power to act and implement a certain remedy is known as an instrumental complaint. A complaint that is voiced purely for emotional expression and has no realistic likelihood of changing anything is considered emotive. Online complaints tend to be more vocal.
Hence, option (c) is the relevant answer choice.
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The management of Charlton Corporation is considering the purchase of a new machine costing $380,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability of this investment: The cash payback period for this investment is 5 years 4 years 19 years 3.3 years
The cash payback period for this investment is 4 years.
Cash payback length is the time on which the organisation get hold of from the funding the identical amount of money funding
Cash fows = investment
Regardless of bargain or interest charges or modifications within the value of the device. it's miles simply be there.
Investment/cashflow = payback
380,000/95,000 = 4 years.
Payback duration is defined because the wide variety of years required to recover the original coins investment. In different words, it's far the time period on the quit of which a device, facility, or different funding has produced sufficient internet sales to get better its funding charges.
Payback period in capital budgeting refers to the time required to recoup the budget expended in an funding, or to reach the spoil-even point.
The time period payback length refers to the amount of time it takes to get better the price of an investment. honestly put, it's far the duration of time an funding reaches a breakeven point. humans and agencies especially make investments their money to receives a commission lower back, that is why the payback period is so critical.
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Which sentence best completes the diagram? A central bank raises interest
rates on reserves?
A. Investors are more likely to purchase bonds.
B. Investors are less likely to purchase bonds.
C. Banks are less likely to lend money.
D. Banks are more likely to lend money.
c) If a central bank raises interest rates on reserves, banks are less likely to lend money.
When a central bank raises interest rates on reserves, banks are less likely to lend money because it becomes less profitable to lend out funds. When interest rates on reserves are high, banks can make more money by simply holding onto their reserves and collecting interest. This means there is less incentive to lend money out to borrowers and they are more likely to keep their reserves on hand.
Additionally, when interest rates are high, borrowers are less likely to take out loans because they would have to pay higher rates of interest on the money they borrowed. Therefore, when a central bank raises interest rates on reserves, it tends to discourage banks from lending money and can lead to a decrease in loan activity.
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The figure is missing which is attached below.
A regression model is obtained to relate sales (in number of cases) to shelf display height (bottom, middle, top). The dummy variable Middle is defined to be 1 if the product is displayed on the middle shelf and 0 otherwise. (The dummy variable Bottom is defined similarly). Looking at the provided regression analysis, which of the following conclusions is correct?
Sales are 4.3 instances higher when products are presented on the bottom shelf as opposed to the top shelf, according to the available regression analysis.
A statistical technique that demonstrates the link between two or more variables is regression analysis. The approach examines the relationship between a dependent variable and independent variables, typically represented in a graph.
To link sales in the number of cases to shelf display height bottom, middle, and top, a regression model is obtained. When a product is placed on the middle shelf, the dummy variable Middle is defined to be 1, otherwise it is set to 0.
In a similar manner, the dummy variable Bottom is defined. The available regression analysis shows that when products are displayed on the bottom shelf as opposed to the top shelf, sales are 4.3 times greater.
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A tornado chart lets us see which random input has the most effect on a specified output
True
False
A tornado chart lets us see which random input has the most effect on a specified output. True
Tornado charts are usually used for sensitivity analysis, through facilitating the evaluation of the effects of 1 variable (or uncertainty) on the output (fee) of an impartial variable. twister charts also are beneficial surely for comparison purposes.
The twister Chart device shows how touchy the objective is to each selection variable as they change over their allowed stages. The chart shows all the selection variables in order of their effect on the goal.
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Tax return preparers can be subject to penalties under the Internal Revenue Code for failure to do any of the following, except
A. Provide a client with a copy of the tax return.
B. Keep a record of returns prepared.
C. Disclose a conflict of interest.
D. Sign a tax return as a preparer.
Failure to do any of the following can result in fines for tax return preparers under the Internal Revenue Code, with the exception of
C. Disclose a conflict of interest.
What is tax return?The completion of a tax return is the documentation that determines the amount of revenue made by an entity or individual and the taxes that must be paid to the government or governmental organizations, or maybe the taxpayer.
Taxation is one of the main ways that the government makes money. A share of total tax revenue is made up of both direct and indirect taxes. Tax revenue is the money the government receives from levies on things like earnings, profits, goods and services, land revenue, property ownership and transfers, and other taxes. The total amount of tax revenue expressed as a % of GDP demonstrates the portion of national output that is taken in by the government through taxation.
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How can increases in government spending crowd out investment spending? An increase in government spendinga. increases the use of automatic stabilizers, which reduces private investment spending. b. lowers the real interest rate, which reduces private investment spending. c. causes firms to worry about inflation, which reduces private investment spending. d. increases the real interest rate, which reduces private investment spending.
The correct answer is: The government spending is "crowding out" investment because it is demanding more loanable funds and thus causing increased interest rates and therefore reducing investment spending.
What are interest rates?
Interest rate is the amount of interest per period on an amount lent, deposited, or borrowed (called principal). The total interest on the amount lent or borrowed depends on the principal amount, the interest rate, the frequency of compounding interest, and the length of the term of the loan, deposit or borrowing.
The annual interest rate is the interest rate for one year. Other rates apply for other periods. B. One month or one day, but usually annualized.
Interest rates have been characterized as "an indicator of the preference for the dollar in current [income] versus the dollar in future income." Borrowers want or need money sooner or later and are willing to pay a fee (interest) for that privilege.
Therefore, The correct answer is: The government spending is "crowding out" investment because it is demanding more loanable funds and thus causing increased interest rates and therefore reducing investment spending.
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under ifrs reporting, an impairment loss is measured as the difference between the book value and the
Under IFRS reporting, an impairment loss is measured as the difference between the book value and the recoverable amount.
International Financial Reporting Standards (IFRS) are a collection of accounting guidelines for public firms' financial statements that are designed to make them uniform, transparent, and simple to compare globally. The International Accounting Standards Board is responsible for issuing and maintaining IFRS standards, which were developed to establish a common language for financial statements that can be easily understood from company to company and country to country.
The European Union is one of the 167 jurisdictions for which IFRS currently has complete profiles. The generally accepted accounting principles (GAAP) system is used in the United States as an alternative (GAAP).
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for purposes of the business interest limitation, adjusted taxable income is defined as taxable income allocable to the business computed without regard to which of the following:
For purposes of the business interest limitation, adjusted taxable income is defined as taxable income allocable to the business computed without regard to interest income, depreciation, amortization, or depletion; interest expense; and net operating loss deductions.
What do you mean by the taxable income?The portion of an individual's or business's income that is subject to taxation after deductions and exemptions is known as taxable income. Salary or earnings, tips, benefits, and investment income are examples of taxable income.
Adjusted taxable income is taxable income allocable to the business that has been calculated without taking into account any of the following: interest income, depreciation, amortization, or depletion; interest expense; or net operating loss deductions.
Compensation, businesses, partnerships, and royalties are a few examples of sources of taxable income. Due to deductions, taxable income is typically lower than adjusted gross income.
Therefore, for purposes of the business interest limitation, adjusted taxable income is defined as taxable income allocable to the business computed without regard to interest income, depreciation, amortization, or depletion; interest expense; and net operating loss deductions.
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Using a lot-for-lot ordering strategy for the following item, what is the net requirements amount in week 3? (Note: Use a lead time of one week and the gross requirements and scheduled receipts depicted below, and assume you begin with 100 units in inventory.)Week 1 2 3 4
Gross requirements 0 100 80 15
Scheduled receipts 75 0 0 0Projected ending inventory (100) 15 units Net requirements 0 units
Planned order receipts 80 units
Planned order releases 5 unitsSafety stock in an MRP system
is planned at the part level, independent of the safety stock of other parts.
must provide a 100% service level.
is used to provide flexibility to meet changing customer requirements.
is never needed.
5 units are used to provide flexibility to meet changing customer requirements.
What is strategy?
An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the way to realize the specified vision. The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic.
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time. "The course that an organization takes to achieve future commercial success." A company's strategy outlines how it will use its resources, including its people's talents and knowledge, as well as its financial and material assets, to accomplish its mission or ultimate goals.
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As we increase the number of stocks in a portfolio, the standard deviation of returns of the portfolio ______. A) increases. B) remains unchanged. C) decreases
As we increase the number of stocks in a portfolio, the standard deviation of returns of the portfolio C) decreases.
What happens to standard deviation when stocks in a portfolio rises ?When the number of stock in a portfolio rises, we find that the standard deviation of the returns of the portfolio will decrease. In other words, there is an indirect relationship between standard deviation and the number of stocks in a portfolio.
The reason for this is that as more stock is added to a portfolio, it would increase the diversification of that portfolio and therefore reduce risk. Risk is measured by the standard deviation and so it will fall.
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Answer: the standard deviation of returns of the portfolio C) decreases
Explanation:
food distributor provides _____ utility by transporting the food to be sold from the warehouses to the retail outlets.
a. form
b. time
c. place
d. product
e. tangible
The food distributor provides place utility by transporting the food to be sold from the warehouses to the retail outlets.
What is place utility?A marketing word that describes providing clients with easy access to goods or services is "place utility." Place utility can also be utilized to attract clients to a product or service since it links the latter to a particular location. The utility a product receives as a result of its location is referred to as place utility.
A product can become more appealing by moving to a different place. In marketing terms, the product needs to be offered somewhere that buyers may easily reach it. The location or availability of a product can sometimes influence whether or not a consumer chooses to purchase it. This is why the place utility is significant.
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Exercise 16-29 (LO. 2) In 2021, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $25,000. The clients signed notes receivable to Chaya that have a fair market value of $22,000 at year-end. In addition, Chaya sold a 36-month service contract on June 1, 2021, and received payment in full of $12,000. Round any division to four decimal places. If required, round your final answer to the nearest dollar. How much gross income does Chaya report from these transactions in 2021? 1. From the services to clients: $ 2. From the service contract: s
Gross Income of Chaya from these transactions will be $27,333
Amount earned = $25,000
Amount received = $12,000
Using accrual method of accounting, income and expenses are recognized as it is being made or earned irrespective of the amount of cash paid or received.
Fair market value = payment received * 7/36
= $12,000 * 7/ 36
= $2333.333
Chaya reported income = amount earned + fair market value
= $25,000 + $2333.333
= $27,333.
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importance of foreign direct investment in developing countries pdf
As investors establish new businesses abroad, FDI expands employment prospects. Locals may earn more money and have more purchasing power as a result, which will help the targeted economies grow more broadly.
Why is foreign direct investment is important?An investor from one nation may make a direct investment in a company headquartered in another nation. Under FDI, the foreign investor—whether an individual or a business—owns 10% of the company receiving the investment. The International Monetary Fund (IMF) defines it as a portion of the investor's stock portfolio if the investor holds less than 10%.
For developing nations and rising markets where businesses require capital and knowledge to increase their international sales, foreign direct investment is crucial. A key economic engine is private investment in energy, water, and infrastructure since it boosts employment and incomes.
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Lumber LLC files a suit against Mill Company to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract ifA. Lumber foreseeably and justifiably relied on Mill's promise.B. neither party has begun to perform.C. the deal does not involve customized goods.D. Mill denies the existence of any contract.
The court would be able to enforce the contract between Lumber LLC and Mill Company, under the Statute of Frauds, if A. Lumber foreseeably and justifiably relied on Mill's promise.
What is the Statute of Frauds?The Statute of Frauds is a law that holds that certain agreements must be in writing to be enforceable (the statute of frauds). The law is applicable to land sales and the majority of expenditures of $500 or more. There are important exceptions, like verbal agreements where work has already begun.
In this case however, there can be an exception between the oral deal between Lumber LLC and Mill Company if it can be proven to the court that Lumber LLC had justifiable reason to rely on the promise by Mill Company.
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______ is the process of acquiring ownership or control of competitors with similar products in the same or similar markets.
Setting organizational goals is the process of acquiring ownership or control of competitors with similar products in the same or similar markets.
What is ownership?Ownership refers to the state of legal possession and control of property, which may be a tangible and intangible asset. A property may contain multiple rights, collectively referred to as titles, which may be owned by separate parties. If you have ownership of something, it means you are the owner. it's yours The term refers not only to people, but also to other entities.For example, the state owns state-owned enterprises. The holding company also owns subsidiaries. Company ownership means legal control over the company. This gives the owner legal power to determine business operations and transactions. There are six main ownership structures for companies: One-man business. partnership. Sole ownership refers to property owned in your sole name with no other owner or beneficiary designation. After you die, your personal property usually needs to go through probate court to be transferred from your name to your loved one's name.To learn more about ownership from the given link :
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The owner decides to purchase a Dixie Chopper because of its reputation for dependability and excellent customer service which made him feel more secure and less anxious about choosing this product. Which customer brand role does this scenario exemplify? providing competitors with a benchmark against which to compete helping reassure the customer in the purchase decision offering an effective and efficient methodology for categorizing products offering legal protection for a product through a trademark enabling competitors to build products targeted specifically at the market leader
B)helping reassure the customer in the purchase decision is the correct answer.
A customer brand role is a position in a company that involves developing relationships with customers and ensuring that the brand is represented in a positive light. This role typically involves generating customer feedback, tracking customer satisfaction, and developing customer loyalty programs. This role also involves being a brand ambassador, providing customer service and support, and working with other departments to ensure customer satisfaction.
This scenario exemplifies the customer brand role. The owner is providing a benchmark for other competitors to compare themselves against. By doing so, they can provide them with a sense of comparison and help reassure the customer in the purchase decision.
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Many economists worry about the Federal Reserve overstimulating the economy because such overstimulation will lead to rising: A) unemployment. B) inflation. C) output growth. D) Solow growth.
Many analysts are concerned that the Federal Reserve would overstimulate the economy, which will result in rising: Solow growth.
What occurs when your body is overstimulated?
Overstimulated individuals may suffer from severe mental distress or even physical discomfort. Extreme irritation, anxiety, or fear may be present. Some people may scream or have tantrums to express how uncomfortable they are. They might even act violently.
How can you decompress after being overstimulated?
Your body can absorb more oxygen by taking deep breaths, which can help you relax and lower your pulse rate. It also helps to direct your attention away from the source of your tension or anxiety and toward something else. Do this: Close your eyes, lean forward, and inhale deeply.
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honda's decision to build a plant in ohio multiple choice was encouraged by assistance from the state of ohio, including improved infrastructure around the plant and abatement of property taxes. all of the options involved setting up a special foreign trade zone that allowed honda to import auto parts from japan at a reduced tariff rate. was welcomed by the united auto workers.
An illustration of a tariff is a levy of 10% on each Honda car imported from Japan.
A tariff is a tax that a government imposes on imported products and services in an effort to raise prices and reduce the attraction of imports, or at the very least their competitiveness, in relation to domestic goods and services. Tariffs are often put in place to restrict trade with particular countries or to reduce imports of a particular range of goods and services. For instance, to discourage people from purchasing Italian leather handbags, the American government may slap a 50% tariff on those handbags, increasing the cost of domestically produced handbags at a cheaper price. The government expects that consumers would buy fewer imported goods as a result of the increased price.
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To determine perceived value in the marketplace and your price point for offering personal training you should:a) Complete a market analysis.b) Set business objectives.c) Conduct a direct mail or phone survey.d) Determine your desired profit
To determine perceived value in the marketplace and your price point for offering personal training you should Complete a market analysis. In addition to qualitative information about consumer values, aspirations, and purchasing intentions.
Market analysis also contains quantitative information about the size of the market you actually want to service, pricing consumers are prepared to pay, and revenue estimates. An in-depth evaluation of a market within a particular consumer is what is known as a market analysis. You will research the market dynamics, including volume and value, possible client segments, purchasing trends, rivalry, and other crucial elements. It examines the market's size in terms of both volume and value, the different consumer segments and purchasing patterns.
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consider the following passage from the article. according to studies cited by the american cancer society, the most surefire way to get people to quit, especially youths, is to raise prices. a 10 percent increase, for example, is followed by a 6.5 percent reduction in the number of cigarette-smoking youths and a 2 percent reduction of the habit in adults. if the numbers in the article are correct, a tax which raises the price of cigarettes group of answer choices will raise total expenditures on cigarettes more in percentage terms from youths than it will from adults because the demand is inelastic among youths and elastic among adults. will raise total expenditures on cigarettes more in percentage terms from youths than it will from adults because the demand is more inelastic among youths than adults. will raise total expenditures on cigarettes more in percentage terms from youths than it will from adults because the demand is elastic among youths and inelastic among adults. will raise total expenditures on cigarettes more in percentage terms from youths than it will from adults because the demand is less inelastic among youths than adults. will raise total expenditures on cigarettes more in percentage terms for adults than it will from youths because demand is less inelastic among youths than adults.
The correct Option is B. Smoking among adults is inelastic because the percentage change in price is greater than the percentage change in quantity demanded.
The Elasticity of demand for adults = Percentage change in quantity demanded / Percentage change in price = - 2/10 = - 0.2 less than 1 so inelastic demand.
In economics, elasticity measures the percentage alternate of 1 monetary variable in reaction to a percentage trade in another. If the charge elasticity of the demand for something is -2, a 10% boom in charge reasons the demand amount to fall by 20%. Elasticity is an essential idea in neoclassical monetary theory and permits the know-how of various economic ideas, such as the incidence of indirect taxation, marginal concepts relating to the principle of the firm, distribution of wealth, and one-of-a-kind styles of goods regarding the principle of client choice. Expertise in elasticity is also vital when discussing welfare distribution, in particular patron surplus, producer surplus, or government surplus.
The income Elasticity of a call is a measure used to expose the responsiveness of the quantity demanded of a terrific or provider to exchange within the customer profits. fee Elasticity of call for measures the sensitivity of call for to price. for this reason, it measures the proportion alternate in call for in response to a trade-in rate.
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Complete Question:
According to studies cited by the American Cancer Society, the most surefire way to get people to quit, especially youths, is to raise prices. A 10 percent increase, for example, is followed by a 6.5 percent reduction in the number of cigarette-smoking youths and a 2 percent reduction of the habit in adults.
According to the numbers in the article
Select one:
a. smoking among adults is elastic because the percentage change in price is greater than the percentage change in quantity demanded.
b. smoking among adults is inelastic because the percentage change in price is greater than the percentage change in quantity demanded.
c. none of the answers are correct.
d. smoking among adults is elastic because the percentage change in price is less than the percentage change in quantity demanded.
e. smoking among adults is inelastic because the percentage change in price is less than the percentage change in quantity demanded.
54) Which statement is true concerning the economic problem of premature death in the United States? I. The economic impact of premature death of the breadwinner varies for different types of families. II. Increased life expectancy has increased the economic problem of premature death over time. A) I only B) II only C) both I and II D) neither I nor II answer a
The economic problem of problem of premature death in the U.S. has declined substantially over time.
Premature death falls under what kind of risk?Death that takes place earlier than the typical age of passing away in a population. The typical death age in the United States is around 75 years old. Leading causes of early death in the US include cigarette smoking and exposure to secondhand smoke.
What causes the majority of premature deaths?Obesity, smoking, and exposure to environmental dangers like poor air quality are all factors that increase the risk of dying young. Heart disease risk factors include high blood pressure, high cholesterol, Type 2 diabetes, and inactivity also increase the likelihood of a premature death.
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according to the classical dichotomy, which of the following increases when the money supply increases?
according to the classical dichotomy, the nominal wage increases when the money supply increases.
A nominal pay does not adequately reflect the purchasing power that it gives you because it is not inflation-adjusted. Simply put, prices often increase, meaning that a dollar now is worth more than a dollar tomorrow. Similarly, nominal earnings are accurate.
Your wages won't be able to buy as much if the wage rate doesn't keep pace with inflation. In fact, even if you get a pay raise, your purchasing power will be lower than it was the year before if the percentage increase in your pay is less than the percentage increase in inflation. Determine the real wage, which is the wage rate adjusted for inflation, in order to show how inflation affects earnings.
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Sugar Quotas A Sour Deal For U.S. Consumers U.S. sugar farmers have enjoyed protection from imports since 1789 when Congress enacted the first tariff on imported sugar. The Sugar Act of 1934 gave U.S. farmers an even better deal by creating a quota on the amount of sugar that can be imported into the United States. The Farm Bill of 2018 continued that protection, limiting sugar imports to 1.2 million tons per year-just a fraction of the 11 milion tons Americans consume. As a result of that quota, U.S. sugar prices in early 2020 were about 10 cents a pound higher than world prices. That's great news for America's 4,700 sugar farmers but a sour deal for U.S. consumers and manufacturers, who pay more for all sugar products. U.S. candy producers have cut thousands of jobs and moved manufacturing plants to Canada and elsewhere, where sugar is cheaper. Analysts estimate that 3 manufacturing jobs have been lost for every 1 sugar job saved and consumers are paying $2 billion a year in higher sugar prices.
a. How much more are U.S. consumers paying for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? (Hint There are 2,000 pounds in one ton.)
How much more are U.S. Consumer surplus for the 11 million tons of sugar they consume each year as a result of the quotas on sugar imports? =$10.91 billion
Consumer Surplus ΔP = Pmax – Pd, or the price at equilibrium where supply and demand are equal. Pmax = the price a consumer is willing to pay.
=11 million-21.91billion=$10.91 billion
Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. Consumer surplus occurs when consumers pay less for a commodity or service than they would be willing to. It gauges the additional gain that consumers experience as a result of paying less than they otherwise would have been willing to. Consumer surplus and producer excess can be compared. The concept of consumer surplus was developed in 1844 to measure the social benefits of public goods like national highways, canals, and bridges. It has been a vital tool for the study of welfare economics and the formulation of governmental tax policies.
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