An organization's differentiation strategy can be lucrative if its customers are devoted and willing to pay high rates. Option e is Correct.
Type one is a low-cost approach that provides goods or services at the lowest price feasible to a broad variety of clients. A best-value strategy of type two provides goods or services to a broad variety of clients at the most competitive price on the market.
The cost leadership approach is crucial because it enables companies to create goods at a lower cost and sell them for less money than rivals, giving them an edge over rivals. Cost, quality, distribution, technology, and intellectual property (IP) are the only five corporate strategies. These five categories encompass all business strategies. Option e is Correct.
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Correct Question:
Which strategy can be profitable for an organization when customers are loyal and willing to pay high prices?
a. focus
b. globalization
c. overall cost leadership
d. liquidation
e. differentiation.
Kyle has experience in tracking inventory. What company might be interested in hiring Kyle?
a city clinic offering night classes to adults
a grocery store looking for a produce manager
a city manager’s office interested in balancing the budget
a state safety agency looking for an inspector
Answer:
a grocery store looking for a produce manage
Explanation:
Inventory refers to products a business holds for sale. Tracking inventory will refer to managing inventory movement in and out of business. A grocery store will need Kyle's experience much more than the businesses. The core business of a grocery store is to sell groceries.
Because Kyle is good at tracking inventory, he will help the store maintain optimal stock levels and guard against losses due to theft and spoilage.
What are the 3 significant types of insurance that are involved in Marine
insurance
Answer:
Liability Insurance.
Hull Insurance.
Freight Insurance.
Which of the following statements is most true of order-getting salespeople?
A They seek out possible buyers and use an organized, creative
approach to present messages.
B. They call on buyers further down the marketing channel than their
company's own customers.
C. They focus on completing sales accurately and courteously.
D. Their role is a less expensive kind of selling than order taking.
Answer:they seek out possible buyers and sue an organized creative approach to present messages
Explanation:
The following statements are most true of order-getting sales people They seek out possible buyers and use an organized, creative. Thus option (A) is correct.
What is Sales?
A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.
The following statements are most true of order-getting salespeople They seek out possible buyers and use an organized, creative.
Therefore, Thus option (A) is correct.
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what is the major work of dentist?
Answer:
Dentists diagnosis and treat dental issues and help patients developed better oral hygiene regimens.
Gerhard needs to calculate the potential market share or his business. In the area he is targeting, there are 2500 potential customers and their average annual income is R84000 per unit. He estimates that each of these customers will spend 2. 5% of their income on his product. He intends to obtain 3% of the total market. Gerhard needs to calculate his potential market share, show ALL calculation
To calculate Gerhard's potential market share, we need to follow these steps:
Step 1: Determine the total market size.
The total market size can be calculated by multiplying the number of potential customers by their average annual income per unit.
Total market size = Number of potential customers × Average annual income per unit
Total market size = 2500 customers × R84000
Step 2: Calculate the total spending potential of the market.
The total spending potential of the market is calculated by multiplying the total market size by the percentage of income that customers are estimated to spend on Gerhard's product.
Total spending potential = Total market size × Percentage of income spent
Total spending potential = (2500 customers × R84000) × 2.5%
Step 3: Calculate Gerhard's potential market share.
Gerhard's potential market share is determined by multiplying the total spending potential by the percentage of the market he intends to obtain.
Gerhard's potential market share = Total spending potential × Percentage of market share
Gerhard's potential market share = [(2500 customers × R84000) × 2.5%] × 3%
Now, you can plug in the values and perform the calculations to find the actual numbers.
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The amount by which an additional unit of a factor increases a firm's total _____ during a period is the _____.
The amount by which an additional unit of a factor increases the firm's total revenue during a period is marginal revenue product.
Hopefully, this helped!
The amount by which an additional unit of a factor increases a firm's total revenue or production during a period is the marginal product.
What is marginal product?The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product. Raw materials and labor are examples of inputs or factors of production.
The excess production produced as a result of an increase in the company's input is known as its marginal product. It is also known as MPP, or marginal physical product. It studies under the economies of scale in term of law of variable proportionality or declining marginal utility.
Practically, this might refer to the extra doughnuts made in a donut shop if they hire an extra worker.
Thus marginal product is account for when extra factor employed.
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Jose was getting ready for his first performance evaluation at his new company. The room where the evaluation was to take place was cramped and dimly lit. He was uncomfortable and this highlighted his nervousness. Though he had prepared for an open, honest discussion with his supervisor, he found himself to be more defensive when he was confronted with constructive feedback. What element of the importance of human communication in business and professional contexts does this example illustrate
Answer:
yes it does
Explanation:
List of the least five behaviors you feel would be behavior you feel would be considered irresponsible in the workplace. For each behavior listed, provide a detailed example/scenario to detail what makes the behavior either responsible or irresponsible.
Answer: See Explanation
Explanation:
Some of the behaviors that would be considered irresponsible in the workplace include:
1. Lateness: Every company has its working hours and it is required for the employees to adhere to the working hours and always get to work on time. Lateness is a bad habit in the workplace. For a company to achieve its goals, it's required for its workers to come to their workplace early and perform their duty well.
2. Cyberslackers: This occurs when the employees use the internet that is meant for work related activities to surf the net and browse sites that doesn't relate to their work. For example, a case whereby an employee is checking his or her social media at the workplace.
3. Lying to other employees: It is a bad behavior for an employee to lie or say something that's not true about a person in order to gain an advantage or for other person reasons Lying brings about lack of trust and disunity in the workplace.
4. Having a bad character: In an organization, it is vital for the employees to possess good characters such as being kind, caring, helpful etc. Possessing a bad character will have a negative effect on the company.
5. Theft: Employee theft is also an irresponsible behavior in the workplace. Stealing has a negative effect on the revenue of the company as it reduces the revenue such company makes. Employees should always make sure that they do not falsify information in order to gain a financial advantage or steal company's fund.
True or false Interpersonal workplace skills deal with your ability to get along with other people.
The given statement "Interpersonal workplace skills deal with your ability to get along with other people" is True because Interpersonal skills, also known as soft skills, people skills, or emotional intelligence, refer to the abilities that individuals possess to communicate effectively with other people and develop and maintain relationships.
Interpersonal workplace skills are critical in the workplace as it helps people in the organization interact with each other positively and enhances teamwork in the workplace. Individuals who possess strong interpersonal skills can work together effectively and efficiently, which leads to increased productivity in the organization. Some of the key interpersonal skills that people must have to thrive in a work environment include active listening, effective communication, conflict resolution, collaboration, time management, and empathy. Active listening is a vital interpersonal skill that individuals must have to thrive in the workplace.
It entails concentrating on the speaker, summarizing the information they provide, and asking relevant questions. Effective communication is another critical interpersonal skill. Clear communication ensures that every member of the organization understands the information and requirements communicated to them. Conflict resolution is also an essential interpersonal skill that individuals must have. It involves finding amicable solutions to disagreements between colleagues.
Collaboration is an essential interpersonal skill as it helps people work together towards common goals. Time management is also a critical interpersonal skill as it ensures that tasks are completed within the allocated time frame. Finally, empathy is an essential interpersonal skill that helps individuals understand and relate to the feelings and experiences of other people.
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Which type of account does not grow tax deferred? a utma account b 529 plan c coverdell esa d health savings account
UTMA Account does not grow tax deffered in nature.
UTMA refers to Uniform Transfers to Minors Act
The term UTMA refers to the law which allows any minor to receive gifts without the help of a guardian or any trustee. Gifts can include different types of items such as money, real estates, patents, royalties, and fine art.
An UTMA account allows the giver of the gift or any appointed custodian to manage the minor's account until the minor becomes of age of 18. It also protects the minor from tax consequences on the gifts, up to a specified value.
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Twelve years ago, an investor bought a certain number of shares of stock for which he paid p 100 per share. at the end of each year, for the next 6 years, he received dividends of p 20 per share. thereafter he received p 10 per share at the end of each year for the next 6 years. if he sells this stock now at p 90 per share, what rate of return will he receive?
The investor will sit at a rate of return of around 170% overall in the given condition.
Who is an investor?A person who engages money into one or more classes of investment with an intention to earn monetary returns is known as an investor. In the given condition, the returns of the investor will be calculated as:
\(\rm Returns= Dividend\ for\ 12\ Years- Capital\ Loss\\\\\rm Returns= (120+60)-(10)\\\\\rm Returns= 170\)
Thus, the value of total portfolio of the investor will be p 270 and the rate of return will be calculated as 170%.
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the flow of energy with large losses between successive trophic levels is sometimes depicted as an ecological ____________ .
The flow of energy between successive trophic levels with large losses is sometimes depicted as an ecological "pyramid" or a "energy pyramid."
What is the energy loss in a successive trophic ecosystem?
When organisms from one trophic level are consumed by organisms from the next level, energy is lost as metabolic heat.
This illustration emphasizes the decreasing energy transfer and availability as one moves up the food chain, with each trophic level receiving only a fraction of the energy from the level below it.
Therefore, Only 10% of the energy entering an organism's trophic level is available for transfer to the next higher trophic level.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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When considering a product's characteristics and the rate of adoption, complexity refers to the degree to which a new product is _______.
Complexity has to do with how it's difficult to understand and use the new product.
What is complexity?Complexity simply means the difficulties regarding the use of a particular product.
In this case, when considering a product's characteristics and the rate of adoption, complexity refers to the degree to which a new product is the difficulties to understand and use the new product.
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According to aggregate demand and supply analysis, the negative supply shocks of 1973-1975 and 1978-1980 had the effect of increasing aggregate output, lowering unemployment, and raising the inflation. decreasing aggregate output, raising unemployment, and raising the inflation. decreasing aggregate output, raising unemployment, and lowering the inflation. increasing aggregate output, raising unemployment, and raising the inflation.
According to aggregate demand and supply analysis, the negative supply shocks of 1973-1975 and 1978-1980 had the effect of decreasing aggregate output, raising unemployment, and raising inflation.
Negative supply shocks refer to events that lead to a decrease in the supply of goods and services in an economy. These shocks can arise from factors such as increases in input costs, disruptions in production, or reductions in productivity. When negative supply shocks occur, they typically have adverse effects on the economy.
In the context of the negative supply shocks of 1973-1975 and 1978-1980, the impact on the economy was as follows: aggregate output decreased, meaning that the total amount of goods and services produced in the economy declined. This decline in output led to an increase in unemployment as businesses reduced their production levels and, in some cases, had to lay off workers.
Additionally, the negative supply shocks resulted in higher inflation. The decrease in the supply of goods and services, combined with the persistent demand for them, created upward pressure on prices. This led to an increase in the overall price level and contributed to higher inflation rates during those periods.
Therefore, based on aggregate demand and supply analysis, the negative supply shocks of 1973-1975 and 1978-1980 had the effect of decreasing aggregate output, raising unemployment, and raising inflation in the economy.
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A credit union
Question 3 options:
is larger than most banks
promotes good spending habits among its members
will allow anyone to join
provides financial service at a higher cost than a bank
Answer: A credit union promotes good spending habits among its members.
18
Which of the following is a similarity between socialism and communism?
A both allow free market systems
B both allow freedom in work choices for the people
C bothhavelowtaxation policies
D both have strong involvement of the government
Answer:
D both have strong involvement of the government
Explanation:
Both socialism and communism are characterized by strong government participation in economic activities. The two systems advocates for public ownership of the factor of production. The government owns and controls the production and distribution of goods and services.
Socialists and communist market systems promote the greater good of society rather than individual benefits as in the free-market economies.
Question 1 of 10
How does a person's marital status affect the amount that is deducted from
his or her paycheck for taxes?
O A. Divorced people pay more in taxes than married people.
O B. Deductions for married people are often less than those for single
people
C. Marital status has no impact on taxes.
D. Deductions for married people are often more than those for
single people.
Answer:
B. Deductions for married people are often less than those for single people
Explanation:
You want to know how a person's marital status affects the amount that is deducted from his or her paycheck for taxes.
DiscussionIn the US, the withholding tax tables generally call for smaller deductions for a person who is married than for a single person. The amount deducted depends on the declarations made on the W-4 form: whether the person is single or married, the number of dependents, and whether they are the head of the household.
Other things being equal a married person will have less withholding tax deducted than a single person.
__
Disclaimer
This should not be considered to be tax advice. Consult a tax professional for the latest and best information on this subject.
when prices are falling, economists say that there is a. deflation. b. inflation. c. a contraction. d. an expansion
Prices are falling, economists say that there is a deflation .
Economists take a look at the manufacturing and distribution of sources, items, and offerings through gathering and reading information, gaining knowledge of developments, and comparing economic issues.
A person with an economics diploma will find that they may be employable in many regions, irrespective of the precise industry that they'll paintings in. There is strong demand for graduates with understanding of economics throughout the worldwide hard work marketplace.
You are probable to require an undergraduate degree in economics or a related problem, which include facts, mathematics, enterprise research or finance and accounting. some employers may require you to hold a postgraduate grasp's degree in economics.
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in response to increased demand, what is a monopolist likely to do? increase output and let prices rise. increase output to drive prices down. restrict output and let prices rise. restrict output to drive prices down.
In response to increase demand, monopolist "restrict the output and let price rise."
A market structure defined by a single vendor offering a market-exclusive product. The seller has no competition in a monopoly market since he is the single vendor of products with no close replacement.Because the monopolist is facing a downward sloping market demand curve, the price the monopolist can obtain for each new unit of output must reduce as the monopolist raises its output. When a result, as the monopolist raises its output, its marginal revenue will decrease.A monopoly occurs when a single provider controls all of a product's supply. This results in a stiff demand curve. That is, regardless of how high (or cheap) the product's price goes, demand remains pretty consistent. To keep prices high, supply might be limited.Thus the correct option is C.
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.1.3. Briefly explain the Economic term land
Answer:
In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
Answer:
land is a free gift of nature and the foundation of production
Text: Price and Theory Applications
From the Landsburg text, answer the following questions
to be submitted to the instructor. 1 – 2 pages maximum for each question (possible 50 points)
Price and theory analyzes market prices and decision-making based on supply and demand.
Price theory, also known as microeconomics, is a branch of economics that focuses on the behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It examines the relationship between supply and demand and how prices are determined in a market.
At its core, price theory is based on the concept of supply and demand. The law of supply states that as the price of a good or service increases, the quantity supplied by producers also increases. On the other hand, the law of demand states that as the price of a good or service increases, the quantity demanded by consumers decreases. The interaction of these two forces determines the equilibrium price and quantity in a market.
Price theory also explores various factors that influence consumer and producer behavior. It examines how changes in income, preferences, and prices of related goods affect consumer demand. It also analyzes how changes in production costs, technology, and input prices impact producer supply decisions.
Understanding price theory is crucial for businesses and policymakers. It helps firms determine the optimal pricing strategy for their products or services, considering factors such as production costs, competition, and consumer demand. Policymakers can also utilize price theory to design effective economic policies, such as taxation or subsidies, to influence market outcomes and promote desirable social outcomes.
In summary, price theory is a fundamental concept in economics that explains how prices are determined in a market economy. It provides insights into consumer and producer behavior, helping individuals and organizations make informed decisions regarding resource allocation.
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who made the effective contribution in the field of sience and arts during the renaicence
Answer:
Leonardo da Vinci, Raphael, and Michelangelo are considered the artists who reached the greatest achievements in art during the Renaissance. The Renaissance stressed harmony and beauty and no one could create more beautiful works than the great three artists listed above.
Option 1: 1,811 square feet, 2-3 bedroom, 2 bath house that arrives in 4 modules. It includes the upgraded PEX piping and fiber cement siding that Xavier saw on the tour. The price for Option 1 would be $180 per square foot.
Option 2: 2,600 square feet, 3-4 bedroom, 3 bath house that arrives in 5 modules. It also includes the upgraded PEX piping and fiber cement siding. The price for Option 2 is $195 per square foot.
Sabrina also explains that Xavier must have certain things ready ahead of time, such as electric, sewer, and water systems, as well as a foundation in place. She gives him the name of a transport company that would oversee bringing Xavier’s modules to his house site. On your math sheet, complete the following problems that will help Xavier choose from the two options Sabrina has presented him:
Math Problem 3: Calculate the total price for Option 1
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Math Problem 4: Calculate the total price for Option 2
Use this formula to help you solve the problem:
Total Square Feet × Number of Square Foot=Total Price
Xavier contacts the transport company and is put in touch with one of the drivers, Kevin. Because the modules need to be connected quickly once they reach his build site, Xavier wants to know if he can have them all delivered on the same day. Kevin says that this would be possible using one truck per module. The fee for transporting each module is 20 cents per truck per mile, plus the cost of fuel. The factory is 350 miles from Xavier’s build site, and Kevin estimates that each truck will need $500 worth of gas.
On your math sheet, complete the following problem to help Xavier find out how much he will spend on transportation costs:
Math Problem 5: Calculate Xavier’s transportation cost to have the modules delivered on the same day
Use this formula to calculate Xavier’s cost:
[(.20 × miles)+500]× number of modules
Part 2: Job Board
Xavier is excited but knows this is a huge project. Help Xavier stay organized by creating a job board for him. A job board is like a bulletin board that holds important information about a big project. This way, he can see the important aspects of his job, along with his costs. To do this, you will be taking the answers to the math questions above and creating items that Xavier can hang on his job board to remind him of the choices he should make in this project. You may select to create your job board in poster form or digitally in a word processing document. Either way, the job board should include the following pieces of content:
A rough drawing of Xavier’s lot that includes the lot measurements provided above.
Make sure that you include the total area of the lot that you calculated in Math Problem 1 somewhere on this drawing.
A sketch of the prefabricated house option that you suggest Xavier purchases (either Option 1 or Option 2).
Make sure that you include his final price that you calculated in Math Problem 3 or 4.
Also, be sure to label the upgraded technology that was included in the option you chose so that Xavier can point it out to his building inspector when the time comes.
A graphic representation (photo, clip art, etc.) of a truck with the final transportation cost on it (this is the answer to Math Problem 5).
If the price is $180 per square foot, the price of the lot will be $3,240,000
How to find the price of the lotTo calculate Xavier cost, we need to first calculate the area of the lot (trapezium)
Area of the trapzium = 1/2(a+b)h
h is the height of the trapezium
a and b are the sides
Area of the trapezium = 1/2(175+185)*100
Area of the trapezium = 1/2(360)*100
Area of the trapezium = 18000 square foot.
If the price is $180 per square foot, the price of the lot will be 18000 * 180 = $3,240,000
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In addition to operations, which of the following is considered a "line" function? A. accounting. B. finance. C. IT. D. procurement E. sales.
The correct answer is E. sales. therefore the correct option is (E).
A sale is a transaction that involves exchanging products or services for a certain sum of money. To put it another way, a sale is any action that includes giving the buyer possession of a thing or commodity in return for payment. In general commercial operations, sales refer to any transactions where money or value is transferred for the ownership of an item or right to a service. Sales, in the context of accounting, refers to the income generated by a corporation via the selling of goods or services (net sales).
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The Harris Company purchased equipment for $15,000 on December 1. It is estimated that annual depreciation on the computer will be $3,000. If financial statements are to be prepared on December 31, the company should make the following adjusting entry
The entry will include Depreciation Expenses for $1,750 and Accumulated Depreciation for $1,750
Here, we are to first calculate the Depreciation expenses while observing that the date runs for 1 month (From December 2 - December 31).
The depreciation expense will equals Annual depreciation of computer * 1/12
Depreciation expense = $3,000 * 1/12
Depreciation expense = $250
The adjusting entry will entails:
Date Account titles and explanation Debit Credit
31 Dec Depreciation expenses $250
Accumulated depreciation $250
(Entry to record depreciation expenses)
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4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?
Answer:
Control unit
Explanation:
Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.
When should the team members determine the decision? When should the leader?
The determination of decisions within a team depends on the nature of the decision and the roles of team members and leaders.
The involvement of team members in decision-making should occur when their expertise and knowledge are valuable in reaching the best possible outcome. Team members who possess specific skills, experience, or domain knowledge related to the decision should be actively engaged in the determination process. This allows for diverse perspectives, input, and the utilization of collective intelligence to arrive at informed and well-rounded decisions. In addition, decisions that directly impact team members' responsibilities or tasks should involve their input to ensure ownership and alignment.
However, leaders also have a critical role in decision-making. They bear the responsibility of guiding the team, setting strategic objectives, and considering the broader organizational context. Leaders often need to consider factors such as resource allocation, organizational goals, and the long-term impact of decisions. In situations where team members cannot reach a consensus or when a decision requires swift action, leaders may step in to make a final determination. Their experience, strategic vision, and ability to assess risks and opportunities contribute to effective decision-making within the team. Ultimately, the decision-making process should strike a balance between the involvement of team members and the leadership's guidance and authority.
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Which of the following is the term used to describe costs which change day to day, week to week and month to month based on business activities?
Answer:
Variable costs
Explanation:
Variable costs is the term that describes business costs that vary with the production level. An increase in output increases the variable costs. Variable costs are progressive and increase or decrease with the production volume.
Examples of variable costs include raw material and distribution costs. Variable costs contrast with fixed costs, which remain constant throughout a financial period.
Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answer:
it's taxes
EXPLANATION: