Porter's three-strategy model is a framework for companies to analyze and decide on the most effective strategy for their business. The three strategies are: overall cost leadership, differentiation, and focus.
The use of scan-as-you-go mobile devices and digital wallets in the examples can represent both the differentiation strategy and the overall cost leadership strategy. The goal of the technology is customer-oriented and the stores aim to differentiate their service from traditional retail stores by using a mobile device called Scan It. This creates a different form of scanning that makes a difference in depth. The use of the technology also saves customers time and allows retailers to reduce the cost of products, which supports the overall cost leadership strategy. At the same time, the use of this technology saves customers time and allows retailers to reduce the cost of products. In conclusion, the use of scan-as-you-go mobile devices and digital wallets can support both the differentiation strategy and the overall cost leadership strategy.
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suppose you bought a stock for $101.44 one year ago. today the stock is currently priced at $109.54. if the stock does not pay a dividend, what is the dollar return for this stock?
The answer is 8.10%, the previous value of stock was $101.44 and the current value is $109.54, the difference between them is 8.10$, which is the dollar return for this stock.
What does stock signify in terms of economics?The ownership certificates of any corporation are referred to as "stocks" in the general sense. A share, on the other hand, refers to the stock certificate of a specific business. You become a shareholder if you possess shares in a specific business. There are two sorts of stocks: ordinary and preferred.
Are stocks equivalent to money?A stock is a particular kind of investment in a business. Companies issue stock shares to obtain capital to fund operational expenses and fuel expansion, and investors purchase those stock shares in the hopes of earning a return on their investment.
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according to the hawthorne effect hypothesized by mayo and colleagues, when did employees work harder? (choose every correct answer.)
As per the Hawthorne effect hypothesized by mayo and colleagues, the employees work harder when,
the thought managers care about their welfare;supervisor pays them special attentionthey receive added attentionTherefore, the options A, B, and C hold true.
The Hawthorne effect has been able to point out the situations wherein the productivity of the employees is the most effective, as they tend to work harder. The situations and circumstances in which they work harder have already been mentioned in the above part of this answer.
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Complete question
According to the Hawthorne effect hypothesized by mayo and colleagues, when did employees work harder? (choose every correct answer.)
A Thought managers cared about their welfare
B Believed supervisor paid special attention to them
C Received added attention.
which one of these is the best measure of a mutual fund portfolio manager's performance?
After accounting for market risk, the Jensen ratio determines the portion of the portfolio's rate of return that may be attributable to the manager's potential for above-average returns.
This statistic is important because, even if a portfolio or asset outperforms its peers in terms of returns, it is still only a wise investment if it does so without carrying a disproportionately high level of risk. The better an investment's risk-adjusted performance, the higher its Sharpe ratio. To comprehend an investment's risk-adjusted return, one can use the Treynor and portfolio's ratios. The excess return is divided by the investment's standard deviation to calculate the Sharpe Ratio. Instead of dividing excess returns by the investment's beta, the Treynor Ratio does such.
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1. At the point where the demand and supply curves for a product intersect: a. "selling price and the "buying price" need not to be equal b. market may not be in equilibrium c. either a shortage or a surplus of the product might exist, depending upon the degree of competition d. the quantity that consumers want to purchase and the amount producers choose to sell are the same
The correct answer is option a. At the point where the demand and supply curves for a product intersect, "selling price and the "buying price" need not to be equal there.
The intersection of the demand and supply curves for a product is a crucial concept in microeconomics. This is where the forces of demand and supply meet to determine the market price and the quantity of a product that will be sold in the market.
At the point where the demand and supply curves intersect, the market price is established. This is the price at which buyers are willing to purchase the product and sellers are willing to sell it. The market price is a result of the interplay between the forces of demand and supply, and it is determined by the intersection of the demand and supply curves.
However, it is important to note that the "selling price" and the "buying price" need not be equal. Sellers may have a higher price in mind, while buyers may have a lower price in mind. The market price is a compromise between the two, and it is determined by the point where the demand and supply curves intersect.
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what trade-offs are necessary for concentrating power in a central government versus dispersing power among the states?
The trade-offs for concentrating power in a central government versus dispersing power among the states include Centralized power and Dispersed power.
Government is full of trade-offs as well. For example, more security at airports typically means less comfort for passengers. Increased paperwork and bureaucracy are frequently the results of increased supervision of government spending.
Centralized power: More efficient decision-making and problem-solving. Greater uniformity and consistency in laws and policies. Increased capacity for national defense and large-scale projects. Potential for tyranny and abuse of power by a central authority.
Dispersed power: Encouragement of local innovation and creativity. Greater representation and responsiveness to local interests and needs. Protection against the concentration of power leading to tyranny and abuse. Lack of consistency and uniformity in laws and policies across states.
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a growth marketing manager is developing the advertising strategy for a company's product launch in an increasingly competitive market. how can a search campaign help with the company's product launch?
A growth marketing manager is developing the advertising strategy for a company's product launch in an increasingly competitive market. A search campaign can help a company's product launch by following ways:
By driving targeted traffic: Search campaigns will allow for targeting specific keywords related to the product and its features, therefore attracting potential customers who are actively searching for solutions to their problems.By creating awareness: Search campaigns can increase visibility of the product by prominent placement in search results, and helping to create awareness and interest among desired customers.By building credibility: By always appearing at the top of search results, a search campaign will help build the credibility and trust with potential customers.By measuring success: Search campaigns also allow for tracking of specific metrics like- click-through rates, conversion rates, and return on investment, in turn helping the growth marketing manager measure the success of the advertising strategy which they used and make informed decisions for future campaigns.By reaching customers at the right moment: Search campaigns can also be designed to target potential customers when they are in the research phase and consideration phase of their buying journey.To know more about search campaign refer to-
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how does being a limited partner in a business enterprise differ from being a stockholder assuming the same percentage of owership
Being a limited partner in a business differs from being a shareholder in that the limited partner has no voting rights in the company and is not involved in day-to-day running business. As limited partners, they are tasked with providing capital to business for investment purposes and sharing profits or losses of the business.
On the other hand, the shareholder would have voting rights and a say in the decision-making process of the company. They also have the right to buy and sell shares in the company, which limited partners do not have. A shareholder is also subject to the same risks that accompany any investment, while a limited partner is usually only liable up to the amount he has invested in the business.
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how to allocated asset when withdraw from limited partnership
Allocating assets when withdrawing from a limited partnership is a process that involves determining the distribution of assets among the partners.
When one partner decides to withdraw from the partnership, the assets must be divided in a manner that is fair and equitable to all partners.
The first step in allocating assets is to determine the value of the partnership's assets. This is typically done by hiring an independent appraiser to evaluate the assets and determine their fair market value.
Once the value of the assets has been determined, the partnership agreement can be used to determine how the assets should be divided among the partners.
In a limited partnership, the partners typically have different levels of ownership and control over the assets. The partnership agreement will typically specify the percentage of ownership that each partner has, and this information can be used to allocate the assets when a partner withdraws.
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what’s it called when a development will have substantial impact on an area that affects more than one county?
A development with substantial impact on an area that affects more than one county is commonly referred to as a regional project or a cross-jurisdictional project.
It is a large-scale development that has the potential to impact multiple communities, environmental areas, and other stakeholders within a broader geographic region. These projects often require coordination and cooperation among multiple government agencies and stakeholders, as well as a robust public engagement process, to ensure that the project is developed in a manner that balances economic, social, and environmental considerations.
Examples of regional projects include large-scale infrastructure projects, such as highways and bridges, and energy projects, like wind farms or solar arrays. Regional projects often require significant investment and have the potential to generate significant economic benefits, but also carry significant risks and impacts that need to be carefully considered and managed.
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Choose the stakeholder that is most likely to ask the following question. Will the business be able to pay its outstanding bills?A - Management (Retailer)B - Canadian Revenue AgencyC - CustomerD - Business OwnerE - Lender (Banker)F - Supplier (Wholesaler)
The stakeholder that is likely to ask the question is Lender (Banker).
Who is a Lender?A borrower is a person or organization looking to borrow money from a lender. A person or financial organization that extends credit to the debtor financially is known as a borrower. Role. The borrower must receive payment for the borrowed amount. They have the right to request that the debtor repay the loan.In this context, the lender is asking this question just to ascertain that the business is strong enough to stay afloat.
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using your estimated elasticities, what would the demand be for healthcare in each prefecture
The number of plan subscribers and, consequently, the demand for health care services covered by that plan will alter in response to any change in the out-of-pocket charges for services or premium prices.
The demand for healthcare is not responsive to price changes. To put it another way, the percentage change in quantity requested is smaller than the percentage change in health care prices. The price elasticity of the demand for health care will now change if people's health status starts to improve. The responsiveness of the demand for healthcare to changes in cost or income is known as elasticity of demand. Because it is inelastic, demand for healthcare services is mostly stable independent of price fluctuations. Conversely, elastic prices suggest that prices have a significant impact on demand.
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best builders just started using quickbooks in july of the current year. prior to using quickbooks they were using a payroll processing firm to manage their weekly payroll. beginning in july, they want to process their own payroll in quickbooks and want to prepare the quarterly and annual forms when they become due. what tool can help them efficiently enter their startup payroll totals without creating actual general ledger transactions.
The tool that can be used to help them efficiently enter their startup payroll totals without creating actual general ledger transactions is timesheet info. That tool will automatically entered into the Earnings sections of the Preview window.
In economic and business, A timesheet generally can be defined as a data table which an employer can use to track the time a particular employee has worked during a certain period. A corporation or also company in Businesses usually use timesheets to record time spent on tasks, projects, or clients. Timesheet will make sure the employee was set up to Use the Time Data to Create Paycheck. The common application to make it easy is Quickbooks, so that best builders using it.
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e. Discuss whether ethics should be taught, for example, in university courses. O A. Everyone believes that ethics are innate and cannot be taught. Ethics should be instilled by parents and other adults. Ethics are not something that can be learned in the classroom O B. Everyone believes that ethics are simple and can be easily taught. Among those that believe that this can be taught, some believe there should be specific courses in ethics, and others believe ethics should be embedded throughout coursework. O c. Some believe that ethios are innate and cannot be taught Others believe this should not be taught but instilled by parents and others. Among those who believe ethics should be taught, some believe there should be specific courses in ethics, and others believe ethics should be embedded throughout coursework believe ethics should be taught, some believe there should be specific courses in ethics, and others believe ethics should be embedded throughout coursework. OD. Most believe that ethics are simple and can be easily taught. The numbers are few that believe ethics cannot be taught but must be instilled by parents and other adults. Among those that believe ethics can be taught, all believe that there should be specife course in ethics. Clinin
The correct response is C. Some people think morality comes naturally and cannot be learned. Others contend that parents and others should impart ethics rather than teaching them. Some people who think ethics should be taught think there should be dedicated courses in ethics, while others think ethics should be incorporated throughout all subjects.
Axiology, a branch of philosophy that encompasses both aesthetics and ethics, is concerned with questions of worth. Ethics, a branch of philosophy known as moral philosophy, is concerned with "systematizing, defending, and approving concepts of right and wrong action." By defining terms like "good" and "evil," "right" and "wrong," "virtue" and "vice," "justice" and "crime," ethics attempts to answer issues of human morality. Moral philosophy is a branch of philosophy that overlaps with descriptive ethics, value theory, and moral psychology as areas of study. It addresses the rational underpinnings of our moral judgments and investigates what is ethically right or wrong, just or unjust.
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Discuss whether ethics should be taught, for example, in university courses.
A. Everyone believes that ethics are innate and cannot be taught. Ethics should be instilled by parents and other adults. Ethics are not something that can be learned in the classroom.
B. Everyone believes that ethics are simple and can be easily taught. Among those that believe that ethics can be taught, some believe there should be specific courses in ethics, and others believe ethics should be embedded throughout coursework.
C. Some believe that ethics are innate and cannot be taught. Others believe ethics should not be taught but instilled by parents and others. Among those who believe ethics should be taught, some believe there should be specific courses in ethics, and others believe ethics should be embedded throughout coursework.
D. Most believe that ethics are simple and can be easily taught. The numbers are few that believe ethics cannot be taught but must be instilled by parents and other adults. Among those that believe ethics can be taught, all believe that there should be specifc course in ethics.
if there was a movement from point e to point d on the production possibilities curve, what would be the opportunity cost? responses 4 computers 4 computers 6 bicycles 6 bicycles 2 computers 2 computers 2 bicycles
The opportunity cost of moving from point E to point D on the production possibilities curve would be 2 bicycles. Here option D is the correct answer.
This means that if the economy wants to produce 2 more computers, it must give up 2 units of bicycle production. The opportunity cost is expressed as the number of units of one good that must be given up in order to produce an additional unit of the other good.
In this case, the opportunity cost of producing 2 more computers is 2 bicycles. The production possibilities curve (PPC) is a graphical representation of the maximum combinations of two goods that can be produced with given resources and technology.
The PPC shows the trade-off between producing two different goods and the opportunity cost of choosing one good over the other. Opportunity cost is an economic concept that refers to the cost of foregone opportunities.
Complete question:
If there was a movement from point e to point d on the production possibilities curve, what would be the opportunity cost? responses
A - 4 computers 4 computers
B - 6 bicycles 6 bicycles
C - 2 computers 2 computers
D - 2 bicycles
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which of the following is a market that meets these three conditions: i. the product being sold is similar across different firms. ii. there are many buyers and sellers. iii. each buyer and seller represents a small portion of the total market.
These three criteria are all present in the market for lumber.
Do you mean wood by lumber?Lumber is the general term for all harvested wood, including logs, heavy timbers, and members in use in light-frame buildings. Hardwood or softwood are the two categories of lumber. The phrase is frequently used to refer specifically to the goods made from wood in a sawmill. Old English roots give us the word "timber," which originally meant "home, construction material, wood, trees." The verb lumber, which means "to move clumsily or awkwardly," such as when carrying anything heavy, is the source of the word lumber (like planks of wood).. The primary uses of lumber in construction are framing and finish.Beyond home construction, lumber has many other uses.
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according to the traditional rule if sam a minor purchased a television from an electronics shop with 100 down payment on a oneyear credit contract and accidently damaged it a week after he took it home true or false
It is totally appropriate to be mentioning that a minor could return the television to the store in a damaged condition if he or she purchases a television on a one-year credit contract. Thus, the statement is to be held as true.
A contract involving credit only takes place between a buyer and a seller. However, when the buyer to the contract is a minor, then the essentials to the contract are completely in contrast to that of a regular one. As a result, the minor may also return the product in a damaged condition, when the contract involves credit.
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Complete question
According to the traditional rule, if Sam, a minor, purchased a television from an electronics shop with a $100 down payment on a one-year credit contract and accidentally damaged it a week after he took it home, he could return the television to the store in its damaged condition and tell the owner he was rescinding the contract. Sam would then be entitled to the return of his $100 down payment and would owe no further obligation to the store.
A. true
B. false
what term is used to describe factors influencing family life, such as financial worries and afterschool scheduling conflicts?
The term to describe factors influencing family life, such as financial worries and after-school scheduling conflicts is a family stressor
A family stressor is an occasion or circumstance that disrupts the harmony and regular operation of the family. Family stressors are outside forces or situations that might agitate a family. Family stress can develop when family members are dealing with more stressors than they can handle. A single high-stress situation or a series of stressful events that compound on one another can lead to family stress.
These can happen within the family or outside of it. Financial concerns, scheduling conflicts after school, relationship issues, health problems, work-related stress, and significant life changes are a few examples of family stressors such as moving, having a baby, or dealing with the loss of a loved one.
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which of the following is an example of a negative externality? multiple choice falling property values in a neighborhood where a disreputable nightclub is operating the costs paid by a company to build an automated factory the higher price you pay when you buy a heavily advertised product an increase in the value of land you own when a nearby development is completed
Negative externalities are frequently shown by instances of air and noise pollution.
How does a negative externality work?When a non-involved third party incurs costs as a result of an economic transaction, this is known as a negative externality. When the social cost exceeds the cost of production or the private cost, there is a negative externality. This indicates that economic activity has an overall negative impact on society.
What would you say is development?Growth, advancement, positive change, or the addition of architectural, economic, environmental, social, and demographic components are all products of development.Growth is a positive indicator. There are two facets to development. either an increase n income or the economy.
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lululemon has 100 workers. it takes 10 people to make a jacket, and 5 people to make a pair of sweatpants. draw the ppf, with sweatpants on the vertical axis.
The Production Possibilities Frontier (PPF) graph illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use.
The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity. Taking lululemon 100 workers and they make jacket and sweatpants while jacket on horizontal axis and sweatpants on vertical axis. 5 people make sweatpants and 10 make jacket but both are at inefficient point. When number of workers in both increases they reached at point which is efficient for firm the ppf curved is formed, but now if they go beyond this point it will become unattainable point which will cause ppf shift outwards. Thus PPF's shape depends on whether costs are rising, falling, or staying the same. Points that sit on the PPF serve as examples of productively efficient output combinations. The opportunity price of producing one good in comparison to another is shown by the slope of the PPF, and the future costs can be evaluated to the opportunity costs of other producers to ascertain comparative advantage.
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refer to scenario 16-1. how much profit will peter earn each day if he chooses the price and quantity that maximize his profit? a. $352.00 b. $109.60 c. $208.10 d. $225.90
Profit maximization requires that marginal revenue and marginal cost be equal for the firm. MR = MC So the answer would be $352.00
a)Profit maximization in economics happens when the difference between total revenue (TR) and total expense is as wide as possible (TC). In other words, it occurs when a product's marginal revenue is greater than its marginal cost. (MR = MC).
b)When the derivative of the profit function with respect to input is zero, profit maximization occurs. A first-order condition is a name for this characteristic.
So, the quantity that maximizes his profit is $352.00
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gdp is: group of answer choices the total dollar value of all transactions in the economy in a year. the total value of all final goods and services produced in the economy in a year. the total value of all final goods and services produced by americans at home and abroad in a year. the total dollar value of all goods produced in the economy in a year.
GDP is supposed to reflect the full value of all of this production. The broad quantitative scope of financial action is the net household item.
The gross domestic product (GDP) calculates the total market value of all finished products and services generated in an economy in a specific year. Net household item is the primary common unit of the economy (or GDP). GDP estimates the total market value of all recent goods and services produced in an economy within a specific year. Merchandise includes tangible items like shoes, staplers, and laptops. Administrations include services like haircuts, health visits, and auto maintenance. GDP is supposed to reflect the full value of all of this production. The broad quantitative scope of financial action is the net household item. It is the level of the showcase value of all final products and services produced in a year inside the boundary.
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Answer: the total amount of goods and services that a nation produces within a year
Explanation:
for most firms, the costs of marketing activities consume approximately what portion of the consumer's dollar?
The cost of marketing activities typically consumes approximately 15-20% of the consumer's dollar. This includes the costs of product development, production and distribution, as well as the costs associated with the advertising and promotion.
These costs can vary depending on the size of the company, the type of product they are selling, and the marketing channels they use often. In addition to it, costs associated with research and development, along with customer service can also be included in this given percentage. In short, Marketing expenses are essentially an integral part of a successful business and are necessary to reach and engage customers.
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For Local factors explain how Competitors and Supplies affect your business?One whole paragraph
Answer:
Competitors and suppliers play a crucial role in shaping the success of a business. The presence of strong competitors in the market can increase the level of competition and put pressure on a business to perform better in terms of quality and pricing. This can result in businesses innovating and improving their offerings to stand out from the crowd. On the other hand, having weaker competitors can result in a lack of competition and less motivation for businesses to improve their offerings. In either case, it is important for businesses to keep a close eye on their competitors and adjust their strategies accordingly.
In terms of supplies, the availability and quality of raw materials and components can greatly impact a business's ability to produce its products or deliver its services. A dependable and consistent supply chain is crucial for a business to maintain its operations and meet customer demands. On the other hand, an unreliable or inconsistent supply chain can result in production disruptions, delays and increased costs. It is important for businesses to establish strong relationships with their suppliers and to have contingency plans in place to minimize the impact of supply chain disruptions. By considering both competitors and suppliers, businesses can ensure they are well positioned to succeed in the local market.
which among the following is not a characteristic of a partnership firm? a. limited liability b. equal profits c. easy formation d. mutual consent
A partnership firm does not have limited liability because the partners involved have limitless liability.
One of the main benefits of investing in publicly traded corporations is the limited liability. Even if the business later files for bankruptcy while still owing creditors money, a shareholder's responsibility is limited to the amount of their investment in the company. Even if they are actively assisting in the business' growth, this is still true. Additionally, the company is entitled to the seizure and liquidation of any other assets it may own, such as any real estate, machinery, and equipment, as well as any investments made in its name and any newly developed but unsold goods.
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georg simmel argued that the intensity of nervous stimuli in the city and the pervasiveness of the economic market produced an urban consciousness characterized by
According to Georg Simmel, the city's intense neurological stimulation and the economy's pervasiveness created an urban consciousness typified by compositional theory.
Which theory looks at the manner in which a city's population composition affects city life?According to the compositional theory of urbanism, socioeconomic features of city dwellers—such as class, race/ethnicity, and age—are primarily responsible for urban unconventionality and urban-rural contrasts.
According to the social disorganization theory, a person's residential location matters more than their personal attributes when predicting criminal behavior, and young people who live in these places are encouraged to commit crimes by the local culture in underprivileged urban districts.
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using the marketing lecture as a resource, and considering the strategy you have selected for your capsim company, discuss specifically how you will use marketing to grow your revenues (top line sales)? for example, will you increase your marketing investments for all products equally; what will be the timing of your investments; will early investments in marketing be more important to implement your strategy than later investments
The strategy that i have selected for my capsim company is:
Marketing investments: the company may choose to increase marketing investments for all products equally or focus more on certain products. This will depend on the specific business strategy and the target market segments. Timing of investments: the timing of marketing investments is crucial in driving top-line sales. The company may choose to invest heavily in marketing at the launch of a new product to create awareness and build momentum. Early investments: in marketing are often more important to implement a strategy as they help to build brand recognition, create awareness and drive sales. This is especially true for new product launches where early investments can help to establish a strong position in the market and build momentum for future sales.In conclusion, the use of marketing to grow revenues will depend on the specific strategy selected for the Capsim company. The company may choose to increase marketing investments equally, focus on certain products, or adjust the timing and amount of investments based on the business objectives and target market segments.
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when a company places its new businesses or new products into separate organizational units from its established business activities, this is an example of:
Contextual ambidexterity and structural ambidexterity are demonstrated when a corporation separates its new businesses or new products from its existing business activities.
Which activities in business come to mind?Business operations are the actions taken by organisations in order to generate revenue and maintain operations. Examples include manufacturing, selling, buying land, buildings, and equipment, buying other businesses, investing in marketable assets, and getting loans from financial organisations.
Why do businesses exist?As a result, the goal of business activity is to give clients the items and services they want at a cost they are prepared to pay. Goods are movable, usable objects that can be stored. Businesses produce products, which customers purchase and use.
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they are properties or characteristics of a particular entity about which we wish to collect and store data
When we collect and store data, we often want to capture specific properties or characteristics of a particular entity. These properties or characteristics can provide valuable insights into the entity and help us make informed decisions.
For example, if we were collecting data about students in a school, the properties or characteristics of each student that we might want to capture could include their name, date of birth, address, grade level, and more.
In order to effectively collect and store data about an entity, it is important to identify the relevant properties or characteristics of that entity. This information can then be used to design a data collection form or database to capture and store the data in a structured and organized manner.
It is also important to consider the quality and accuracy of the data that is collected, as well as the methods used to collect and store the data. This can ensure that the data collected accurately represents the properties or characteristics of the entity and can be used to make informed decisions or analyze trends.
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what may be some pros and cons of a confrontation meeting with employees to announce change initiatives? what outcomes would you expect?
The goal of a employee meeting is to give refreshes, convey declarations, request criticism, share data and take part in a group climate. To be compelling, staff gatherings ought to have a point by point plan, a period limit and an assigned mediator. This helps in performance management
The Pros, Cons and Outcomes of employee meeting which help in performance management are as follows -
Pros:
Cons:
Can lead to resistance and pushback if not handled properlyCan cause anxiety and stress among employeesMay result in negative emotions such as anger or frustrationCan undermine trust and morale if handled poorlyOutcomes:
Clarity on the change initiatives and expectationsImproved understanding of the rationale behind the changeOpportunity to address concerns and challengesEnhanced employee engagement and commitment to the changeImproved communication and collaboration among employees and management.Know more about performance management - https://brainly.com/question/28921166
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A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the:a. income statementb. balance sheetc. statement of cash flowsd. none of the above
An income statement is used to determine the period's profit or loss of a company. The income statement is used to determine the financial performance of the firm.
One of a company's financial statements, an income statement, commonly referred to as a profit and loss account, lists the company's income and expenses for a given period of time. It is stated how revenues are converted into net income or net profit.
The balance sheet describes an organization's shareholder equity, liabilities, and assets.
A cash flow statement shows all of the inflows and outflows of cash and cash equivalents for a company. The CFS highlights a company's cash management, particularly how successfully it generates cash.
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