A term used to identify a management philosophy that puts customer profit before short-term revenue maximization in revenue management decisions is "customer-centric revenue management". This philosophy seeks to provide value to customers by enabling them to purchase the products and services they want at the best possible price.
It focuses on customer satisfaction, loyalty and retention rather than short-term profit maximization. By making decisions that benefit customers, companies are able to secure their long-term revenue streams. Customer-centric revenue management can be beneficial to both businesses and their customers, as it allows companies to maintain a competitive edge while ensuring that customers receive the best possible value.
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what is the benefit of becoming a goi-ies scholar, to yourself (personally and professionally), to ireland, and to your country of origin sample
What are the benefits of being a goi-ies scholarship holder? Irish Government GOI-IES Scholarship Benefits EUR 10,000 per academic year. This fund will be used to cover tuition and living expenses of the scholar.
HEI is required to grant full waivers (i.e. tuition and registration fees) to students during the scholarship year. As an ERP implementer, I worked with companies that had business process problems. We have developed practical and creative solutions for enterprises. These solutions can solve business problems. Especially those caused by bad business processes. Responses are well-planned and do not interfere with your daily work. For example, I once helped a food company reduce problematic bills by setting up a small office (consisting of two people) at a major supplier's factory. This action allowed the company to solve a problem that cost them millions of dollars a year. As such, I am confident that my background so far will help make Irish businesses more agile and efficient. This measure will help improve the competitiveness of Irish industry for years to come.
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medicare’s value based payment demonstrations have had what effect on expenditures?
Medicare's value based payment demonstrations, also known as alternative payment models, are programs that aim to shift the focus of healthcare payment from fee-for-service to value-based care.
These programs are designed to incentivize healthcare providers to deliver high-quality care that is cost-effective, and they have had a significant impact on expenditures in the Medicare program
One of the key ways that value based payment demonstrations have impacted expenditures is by reducing the amount of unnecessary healthcare services that are being provided. By incentivizing healthcare providers to focus on delivering high-quality care that is based on the specific needs of the patient, these programs have helped to reduce waste and reduce the overall cost of care.
Additionally, value based payment demonstrations have helped to improve the quality of care that is being provided to patients. By using outcome-based measures to evaluate the quality of care, these programs have helped to drive improvement in areas such as patient satisfaction, clinical quality, and patient safety.
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A project manager wants to use a group decision-making technique to generate, classify and prioritize requirements. Which of these is not a valid group decision-making technique?
A. Dictatorship
B. Majority
C. Unanimity
D. Singularity
Singularity of these is not a valid group decision-making technique. There are three main types of decision-making strategies: analytical, intuition-based, and random.
Even though we may not fully grasp how our minds function, some strategies combine intuitive and analytical elements to take advantage of our cognitive talents. The risk assessment of decisions requires strong decision-making abilities. They enable us to evaluate risk in addition to considering the advantages and disadvantages of the various possibilities. You'll become a better decision-maker strategies as you make better decisions. In daily life, there are many opportunities to make decisions, such as choosing what to dress. selecting a lunchtime meal.
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if the negotiation becomes protracted, who should you inform? and how?
Answer: its A
Explanation:
if the negotiation becomes protracted,
If negotiations take too long, the leader should be informed. Long negotiations take longer than the team can handle. If negotiations are protracted, the leader should be notified.
A leader does the following: Separate people from the situation. Look at your passion instead of focusing on status.
The side with the most viable alternatives or options tends to have more power in the negotiations. Sold for a million dollars, there are few options if you really want to buy the only antique car on the market. This is probably the best known bargaining tactic. Those who advise a more aggressive and manipulative strategy will say this is a good power play.
One person makes all decisions: A principal composed of a committee refers to a group of people appointed or designated to make decisions on behalf of the company or organization they represent. A committee can be made up of different combinations of people.
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shelby does not qualify jeff and claire to claim the credit for other dependents. true false
shelby does not qualify jeff and claire to claim the credit for other dependents. The given statement is true.
Credit is the trust that permits one party to lend money or resources to another party; however, the second party does not immediately compensate the first party but instead makes a commitment to pay back or return the resources at a later time. The capacity to get goods or services on credit is the ability to borrow money with the promise to repay it later. A credit is a record that indicates that money has been received in personal banking or financial accounting. Credits and debits are typically shown in the order seen on a checking account register. What you borrow on credit from a bank or other financial organisation is money. Debt is how much you have borrowed. You must repay your obligation, typically with additional charges for interest and fees.
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in the context of the supply chain process, blank consists of the processes needed to operate an existing supply chain strategically. multiple choice question.
In order to optimal solution an existing supply chain, the Plan outlines the steps that must be taken within the confines of the supply chain process.
What steps make up the supply chain management process for strategic planning?The investigation, evaluation, and design of supply chain strategies, including network infrastructure, production and transport strategy, and inventory policy, are all a part of supply chain strategic planning.
What connection does supply chain planning have to the four plans?Supply chain planning is the method of arranging a product's route from its parts to the final consumer. Demand planning is coupled with the other planning processes of supply, production, sales, and operations.
The three main supply chain flows are the movement of goods, the movement of data, and the movement of money. These occur during the three crucial periods of strategy, planning, and operation. Both within and between enterprises, these flows need to be coordinated and integrated as part of SCM.
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n how many years from today is the i scream ice cream company plant in florida expected to be sold if it is worth $1000000, has a cost of capital of 8.25 percent, and is expected to produce no cash flows other than the cash produced when it is sold for an expected cash flow of $1400000?(round the value to 100th decimal)
4,244 years from today The I Scream ice Cream Company is to be sold. The correct answer to the question above is 4,244 years.
We can solve the problem above with the Present Value Formula (PV):
PV0 = CF / (1 + r) t
PV0 = Present Value
CF = Cash Flow
r = rate of return
t = number of periods
PV = - $1.000.000
CF = $1.400.000
r = 8,25% or 0.0825
PMT = 0
it can be solved algebraically, but much easier using a financial calculator. From the financial calculator, N was sliven with 4,244 years.
It can be confirmed:
PV0 = CF / (1 + r) t
= 1.400.000 / (1.0825) 4,244
= $-1.000.036,86 = $1.000.000 (the difference appears due to rounding)
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a key difference between advertising and publicity is that a advertising is personalized promotion and publicity is mass promotion. b advertising is always positive and publicity is always negative. c advertising is paid communication and publicity is non-paid. d advertising is presented through the media and publicity is not.
A key difference between advertising and publicity is that advertising is paid communication and publicity is non-paid.
Advertising has been the act of marketing a business's product or service in order to make money. Publicity is used to tell the public about a firm, product, or service.
Advertising is marketing and a promotional tool in the hands of the business that sends a message to viewers, listeners, or readers about the business or a product. Its goal is to influence clients to select the company's product over that of its rivals. Another promotional tactic is publicity, however it is not the same as advertising. It is based on truth because no corporation or its representatives have sponsored or controlled it. Publicity is always free, but advertising is a costly strategy to showcase a company's goods and services.
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4. what must a leader do in order to create an inclusive network and team? *
A leader who values inclusivity must make sure that everyone agrees—or strongly agrees—that they are valued, treated fairly and respectfully, have a sense of belonging, and are psychologically safe.
A leader who encourages new ideas on a team is one who is inclusive. They strive to reduce their own biases and preferences because they are conscious of them.
Leaders who are inclusive view diversity as a competitive advantage for their company, regardless of nationality, socioeconomic status, or philosophical beliefs.
In addition, an inclusive leader wants a diverse workforce that is actively involved in the company. They actively work to involve everyone and promote the exchange of fresh ideas.
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your stakeholders express concern that the results of your analysis are very different from the predictions they made last year. which kind of objection are they making? 1 point data presentation skills analysis findings
As the protest that partners express worries the consequences of your investigation are different from the expectations they made last year, they are making complaints in light of discoveries.
Stakeholders are any individuals or associations that are influenced by an undertaking, drive, strategy, or association, either well or horribly. They might be inner (workers utilized by your business) or outer (individuals beyond your association).
A party with an interest in an organization and the ability to impact or be affected by it is alluded to as a partner. Financial backers, representatives, clients, and providers make up a normal company's fundamental partners. A partner connected with discoveries and can make complaints in light of it.
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explain marketing’s role in strategic planning and how marketing works with its partners to create and deliver customer value.
The marketing team also works with the sales team to develop effective sales and pricing strategies to reach the target market and create customer value.
In addition, the marketing team partners with the customer support teams to ensure that customers value a positive experience with the company and that their needs are met.Strategic marketing helps to price products and services correctly based on the information that is gathered through market research.Through strategic marketing, organizations can make optimal use of their available resources and the market in accordance with the objective and goals of the organization. It informs strategic planners by identifying compelling market opportunities and assessing the potential to take advantage of them.It carries them out profitably.Partner relationship management marketers work with partners in other company departments to build the value chain.The marketing team also works with the sales team to develop effective sales and pricing strategies to reach the target market and create customer value.In addition,the marketing team partners with the customer support teams to ensure that customers have a positive experience with the company and that their needs are met.
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what is the maximum allowed value of a gift that an agent can give to an insured without violating the regulation on rebating?
An agent is allowed to give value of $50 gift card to an insured without violating the regulation on rebating.
What is the maximum allowed value of promotional gifts that an agent may give to a prospective insured in Florida?Because the yearly cap is calculated on a calendar year, insurers and agents should avoid giving several gifts in any calendar year that exceed a combined net worth of $100 per insured or prospective insured.
What is a reasonable gift amount?According to money etiquette experts, you should allocate $10 to $20 for classmates, $25 for close friends, $50 for family members, and upwards of $100 for your own children.
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The following is selected data for the Consumer Products division of Arron Corporations for 200X:
Sales $50,000,000
Average invested capital (assets) 20,000,000
Net income 2,000,000
Cost of capital 8%
What is the amount of residual income (RI) for the division?
a. $2,000,000
b. $1,600,000
c. $1,000,000
d. $400,000
The correct option is B, $1,600,000. Residual income is an important metric for evaluating business performance because it measures the business's performance relative to its cost of capital. RI = Net Income - (Cost of Capital x Average Invested Capital)
Therefore, using the given values, the amount of residual income for the division is $1,600,000, which is calculated as follows:
RI = $2,000,000 - (8% x $20,000,000)
RI = $2,000,000 - $1,600,000
RI = $1,600,000
Therefore, the answer is $1,600,000.
In other words, it measures how much net income a business generates for every dollar of capital invested. It is a key indicator of a company's ability to generate a return on capital and is therefore an important factor in determining a company's financial health.
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how do you think the financial planner will be of the most help to dan and laura? be specific and explain why.
The financial planner will be of the most help to Dan and Laura by assisting them in creating a comprehensive financial plan that meets their short-term and long-term goals.
To be specific, the financial planner can help Dan and Laura in the following ways:
Assessing their current financial situation: The financial planner will help Dan and Laura to understand their current financial situation, including their income, expenses, assets, and liabilities. This information will form the basis for creating a financial plan that is tailored to their specific needs and goals.
Setting financial goals: The financial planner will work with Dan and Laura to identify their short-term and long-term financial goals, such as saving for a down payment on a home, funding their children's education, or retiring comfortably.
Developing a comprehensive financial plan: Based on their goals and current financial situation, the financial planner will create a comprehensive financial plan that includes recommendations for investments, retirement planning, tax planning, and insurance coverage. The financial plan will also include a detailed budget and cash flow analysis to ensure that Dan and Laura are on track to meet their financial goals.
Implementing the financial plan: The financial planner will help Dan and Laura to implement their financial plan, including making investment decisions, selecting insurance coverage, and creating a budget that aligns with their goals.
Overall, the financial planner will be of the most help to Dan and Laura by providing them with a comprehensive and tailored financial plan that is designed to meet their short-term and long-term goals.
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classical management remains relevant to contemporary managers. in which of the following current situations is the relevance of classical management apparent? industrial jobs are designed to ensure speed and efficiency. organizations like apple, which promote innovation and out-of-the-box thinking, rely on highly specialized job descriptions. some organizations operate in complex and rapidly changing environments. some organizations, such as storage and shipping companies, can staff tasks flexibly with either robots or people. which scientist was primarily associated with the development of administrative management? henri fayol lillian gilbreath frederick taylor douglas mcgregor
The classical management remains relevant to contemporary managers is some organizations operate in complex and rapidly changing environments. Thus, option (c) is correct.
Frederick Taylor, is scientist was primarily associated with the development of administrative management. Thus, option (c) is correct.
What is management?The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.
According to the classical management, of the theory was the based on the organizations structure was the complex and the rapidly changing environments. Frederick Taylor was the associated to the development of administrative management.
As a result, the significance of the management are the aforementioned. Therefore, option (c) is correct.
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if you clean your room to put an end to your father's incessant nagging on the subject, your room-cleaning response has been
In psychology, an attitude is a collection of feelings, thoughts, and behaviors toward a specific thing, person, thing, or event.
Although as a child your mother had to badger you to clean your room, she always commended your willingness to maintain a clean and organized space once you finished. Her remarks probably strengthened your inner incentive to keep your surroundings tidy and organized on your own. Behaviors that are motivated by internal reward fall under the category of intrinsic motivation. The encouragement of your mother will fuel your desire to keep your surroundings clean. A behavior is an action or response to an external or internal stimulus (i.e., thought). Because of the influence, they have on one another, behavior and attitudes are related. As a result, both attitudes and conduct can be influenced by one another. This does not imply that they are always consistent, as occasionally our actions go against what our attitudes might suggest.
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two years ago, you invested $3,000. today, it is worth $3,750. what rate of interest did you earn?
The rate of interest is a measure of the increase in value of an investment over a certain period of time, expressed as a percentage of the initial investment.
In your case, you invested $3,000 two years ago, and today it is worth $3,750. To calculate the rate of interest, you can use the formula:
r = (final value / initial value - 1) / (time in years)
Plugging in the numbers, you get:
r = ($3,750 / $3,000 - 1) / (2 years) = 0.125, or 12.5%
So, the rate of interest you earned is 12.5%. This means that over the course of 2 years, the value of your investment increased by 12.5% of the initial $3,000 investment.
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while it might differ in other countries, in the united states the customary distance apart that should be used in a business discussion is
In the united states the customary distance apart that should be used in a business discussion is approximately 2 to 4 feet. This is a personal space that allows for comfortable conversation and conveys respect for the other person's physical boundaries.
What is business discussion?A formal or informal talk between two or more people with the aim of exchanging information, striking a contract, or reaching a conclusion regarding a commercial or organizational topic is referred to as a business discussion.
A productive business talk should include the following elements:
1. Preparation: It's critical to have a clear purpose in mind, grasp the situation at hand, and compile all pertinent facts before to a business meeting.
2. Communication Techniques: Any successful business discussion depends on clear communication. This includes being able to talk clearly, listen intently, and convey thoughts and opinions in a professional manner.
3. Respect: All participants in a business discussion must respect one another. This entails respecting one another's viewpoints, refraining from interruptions, and abstaining from actions that can be interpreted as hostile or dismissive.
4. Negotiation: There may be a need for negotiation in many business interactions. Finding a solution that all parties can agree on and that allays their worries falls under this category.
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the process that allows evidence to be used in court of law and considered by a jury is: a. admissibility b. discoverability c. service d. litigation
The process that allows evidence to be used in a court of law and considered by a jury is admissibility. Hence, option A is correct.
What is admissibility?being deemed good and acceptable in a court of law He intended to argue against Paul's admission of guilt. Attorneys for the defense disputed the admissibility of fingerprint evidence.
A person or object that is permitted or accepted is what is meant by the concept of acceptable. An example of someone who is admitted is someone who is permitted entry into the VIP area of a club. An instance of admissible is evidence that is allowed into a judicial proceeding.
Thus, option A is correct.
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Its sometimes suggested that a floating exchange rate will adjust to reduce or eliminate any current account deficit. Explain why this adjustment would occur. Why does the exchange rate not always adjust to a current account deficit?
In the given case- A current account deficit is the result of a net sale of the domestic currency for foreign currencies. This puts downward pressure on the value of that country's currency.
Since other factors (like international capital flows) can balance out the pressures put on the currency by the current account, the home currency may occasionally remain strong even when there is a current account deficit.Since imported goods will now be more expensive, a weaker currency will decrease domestic demand for imported goods while increasing domestic export volume (since exports will appear cheaper to foreign countries).To know more about current account here
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Discuss how leadership, coalitions, social networks, and pilot projects assist in organizational change AND give two specific examples of how a specific company implemented organizational change (consider mergers, acquisitions, additional or fewer strategic business units). Add sources cited or referred to when answering this question.
Leadership, coalitions, social networks, and pilot projects are key factors that can assist in organizational change.
Strong leadership can drive change by setting a clear vision, communicating the need for change, and empowering employees to take action.
Coalitions and social networks can help build support and momentum for change, while pilot projects can provide a low-risk environment to test and refine new ideas.
For example, in 2018, Walmart implemented organizational change through the acquisition of Jet.com, which allowed Walmart to expand their e-commerce capabilities.
Another example is when General Electric (GE) streamlined its business by divesting its financial services unit, GE Capital, and focusing on its core industrial businesses. These changes were driven by leadership and the need to stay competitive in a rapidly changing business landscape.
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what information would you need to determine whether a particular business is small according to sba guidelines?
A small business is defined as one with no more than 1,500 people and average yearly revenues no more than $41.5 million.
Below, we'll discuss how the SBA categorises the terms "average annual earnings" and "number of employees." The sum of a business's average annual receipts and its cost of goods sold is known as its gross income. A U.S.small business concern is also one that is organised for profit, according to the SBA. has a business revenues in the United States. operates mostly within the United States or significantly contributes to the American economy by paying taxes or by utilising American goods.
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what is consumer-generated marketing? what are the challenges associated with consumer-generated marketing?
Consumer generated marketing is a marketing strategy that uses user-generated materials to promote and market a brand and its products.
How does consumer-generated marketing work?
User Generated Content creates trust between the customer and the brand. It is real and honest content that a potential customer can trust as it is not branded content but based on other users' experiences with the products your current customers. These are the most important because they are already promised to you new customers. These are the people who are currently buying products and services from competitors customers lost.
A consumer market is a market where people buy products or services for their own use and not for sale. Hypermarkets mainly consist of products that people use in their daily lives.
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When inventory items are highly specialized, the best inventory costing method is ______. specific identification.
When inventory items are highly specialized, the best inventory costing method is specific identification.
Specific identification is a costing method in which each item of inventory is tracked and assigned a specific cost. This method is particularly useful when inventory items are highly specialized, unique, or one-of-a-kind. Examples of such items may include jewelry, works of art, or specialized machinery.
In the specific identification method, the cost of each item is identified and tracked separately. This provides a clear picture of the cost of each item and ensures that the value of the inventory is accurately reflected in the financial statements. This is particularly important when inventory items have a high value and a significant impact on the company's financial performance.
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When an individual is faced with a choice between receiving a random income that on average equals $40,000 per year or a certain income of $40,000 per year, most individuals prefer the certain income to the one that varies because a. information is the basis for decisions. b. stability improves welfare. c. markets determine prices and allocate resources, d. Time has value.
Most individuals prefer the certain income to the one that varies because a. information is the basis for decisions. b. stability improves welfare. c. markets determine prices and allocate resources,
When it comes to the choice between a random income and a certain income, both options have their own pros and cons, and understanding these can help you make informed decisions.
a. Information is the basis for decisions: The availability of information is critical in making informed decisions. With a certain income, an individual knows exactly what they will receive, which makes budgeting and planning for the future much easier.
b. Stability improves welfare: A stable income is important for individuals to meet their basic needs, such as food, shelter, and clothing. A certain income provides this stability and reduces the stress that comes with financial uncertainty.
c. Markets determine prices and allocate resources: The market plays a crucial role in determining prices and allocating resources. A certain income makes it easier for individuals to participate in the market as they know exactly what they have to spend.
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measuring levels of inflation, deflation, disinflation, and stagflation are greatly facilitated by the use of
The measuring levels of inflation, deflation, disinflation, and stagflation are greatly facilitated by the use of Indexes.
What is Inflation?Inflation is the rate at which prices rise over a specific time period. Inflation is often defined as a broad metric, such as the total increase in prices or the cost of living in a country.
Deflation is defined as a drop in the overall price level of goods and services. Deflation happens when the rate of inflation falls below 0%. Over time, inflation diminishes the value of currency, whereas rapid deflation boosts it.
An index is a type of indication or metric. It usually refers to a statistical measurement of change in a securities market in finance. In the case of financial markets, stock and bond market indexes are made up of a fictitious portfolio of securities that reflect a certain market or a sector of it.
Therefore, indexes make it much easier to measure levels of inflation, deflation, disinflation, and stagflation.
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According to recent U.S. Census Bureau research volunteerism is at an all time high, but: __________
Answer: 3 out of 4 citizens do not give any time to the communities in which they live
When the quantities of the priced materials vary during the project but the scope of the work is fixed, what type of contract is good?
Unit Price Guaranteed Maximum Price (GMP) Time and Material
Lump sum
A cost-plus contract is a good type of contract when the quantities of priced materials vary during a project but the scope of the work is fixed.
In a cost-plus contract, the contractor is reimbursed for all allowable costs, plus a fixed fee or a percentage of the costs, to cover overhead and profit. This type of contract provides flexibility for the contractor to manage unexpected changes in the cost of materials and allows the owner to share in any cost savings. This type of contract provides flexibility for the contractor to manage unexpected changes in the cost of materials. It also allows the owner to share in any cost savings that result from efficient project management. Cost-plus contracts can be structured as a fixed fee, cost plus a percentage of the cost, or cost plus a percentage of cost with a ceiling. The cost-plus approach can also help to ensure fair compensation for the contractor in cases where prices increase unexpectedly.
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the robinson-patman act allows for price differentials to different customers under several conditions. which of these practices would be permitted?
Two general defences are available to the seller under the Robinson-Patman Act: cost justification and meeting competition. A price difference is allowed.
If it is solely based on cost differences and the seller can show that sales to one specific buyer are less expensive than sales to others. It's generally OK to charge various clients at various price. However, the technique might be unlawful if it relied on a "suspect category" like race, religion, national origin, gender, or anything similar. If the approach doesn't break any antitrust or price-fixing rules, it might also be allowed. Two general defences are available to the seller under the Robinson-Patman Act: cost justification and meeting competition.
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What two numbers are contained in the daily report to the CEO of Walt Disney Parks & Resorts regarding the six Orlando parks?
A) yesterday's actual attendance and today’s forecasted attendance
B) yesterday's forecasted attendance and yesterday’s actual attendance
C) yesterday's forecasted attendance and today's forecasted attendance
D) yesterday's actual attendance and last year's actual attendance
E) yesterday's forecasted attendance and the year-to-date average daily forecast error
Yesterday's forecasted attendance and the year-to-date average daily forecast error two numbers are contained in the daily report to the CEO of Walt Disney Parks & Resorts regarding the six Orlando parks.
Two pieces of information about yesterday's attendance for the six Orlando theme parks are included in the daily update to the chief executive officer of Walt Disney Parks and Resorts: the expected attendance and the actual attendance. Chapek worked for The Walt Disney Company for 26 years before being promoted to CEO. He started in the Home Entertainment sector and eventually worked his way up to become Chairman of Parks & Resorts and finally CEO.
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