Since SellSmart brings together buyers and sellers and helps negotiate exchanges, it does not actually take title to any of the goods being traded, it's an agent or broker. Therefore, it's true.
It should be noted that an agent is an individual that's licensed to sell property while a broker is an individual that's licensed to own their own real estate firm.
An agent or broker brings the buyer and the seller together and helps in negotiating a sale but doesn't take title to goods. Since SellSmart performs this function, it's an agent or broker.
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for the past twenty years, curtis purchased its jewelry-cleaning kit components from evans’ suppliers, a local company that recently went out of business. as a recent hire to curtis, you are excited about the opportunity to search for a supplier. what should be your first step?
As a new Curtis hire, the first step in looking for a supplier is to explore priorities within your own company and find out which Curtis stakeholders, such as manufacturing and marketing, need a supplier.
Every organizational action comes from planning, there needs to be analysis, gathering of relevant information, evaluation of alternatives and therefore decision-making.
Therefore, the choice of a new supplier must be based on the company's needs, and the one that offers the best opportunity cost, the best price, service and quality must be chosen.
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Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is
Answer:
c
Explanation:
The agreement between Marco and Clowns R Us is an illusory contract. This is because Clowns R Us is not obligated to buy any balloons.
The contract states that Clowns may buy as many balloons as it wishes, but it does not say that Clowns must buy any balloons.
An illusory contract is not a valid contract because it lacks consideration. Consideration is something that each party gives up in order to make the contract binding.
In this case, Marco is giving up the right to sell balloons to other businesses. However, Clowns R Us is not giving up anything. It is free to buy balloons from other businesses or not buy any balloons at all.
As a result, the contract between Marco and Clowns R Us is not enforceable. If Clowns R Us does not buy any balloons, Marco cannot sue them for breach of contract.
Here are some other examples of illusory contracts:
A contract that states that one party may buy as many widgets as they wish at the price of $1 per widget.
A contract that states that one party may hire the other party for as many hours as they wish at the rate of $1 per hour.
A contract that states that one party may rent a car for as many days as they wish at the rate of $1 per day.
In all of these cases, the party that is not obligated to do anything is not giving up anything in order to make the contract binding. As a result, the contracts are not enforceable.
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If customer satisfaction does not always lead to customer loyalty, firms may need to focus additional effort on _____ strategies..
The firms may need to focus additional effort on retention strategies.
Retention strategies are means employed by firms to retain their customers both new and existing, over some specified period.
Where a company has high customer retention, it means customers would continue to patronize the company's products and not not defect to another product or business.
Customer retention process starts with the first point of contact in an organization and spread through the whole duration of the customer's relationship with the organization.
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In the context of customer relationship management (CRM), _____ requires gathering a lot of information about customers' preferences and shopping patterns.
In the process of gathering such information that are unique to customers, what is required is therefore regarded as: Personalization.
Customers have preferences and taste which determines their shopping pattern. Having a god understanding of what customers want and how their consumption or shopping pattern is helps in customer relationship management to meet customers' satisfaction.
Thus, in the process of gathering such information that are unique to customers, what is required is therefore regarded as: Personalization.Learn more here:
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Content marketing is intended to attract potential buyers by building a strong brand reputation through online content, including:
It is true that Content marketing aims to attract potential buyers through building of strong brand reputation through online content.
Content marketing refers to a marketing strategy which aims to attract and engage the audience (prospective buyers) through creation of relevant articles, videos, media etc.
The approach of Content marketing does promotes brand awareness and ensures that the business stays top of mind of the audience.Hence, it is true that Content marketing aims to attract potential buyers through building of strong brand reputation through online content.
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If you don't meet a deadline at work, you could: *
Answer:
Failing to meet a deadline in the workplace may result in disappointing your co-workers, receiving a negative reaction from your boss, or even hurting your company as a whole. If you cultivate time management skills early, you will have a better chance of success in your future career.
a fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a __________ plan.
There are different types of benefit plan. A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a cafeteria-style plan.
Fringe Benefits is simply regarded as Benefits such as sick-leave pay, vacation pay, pension plans etc., that stands for an additional compensation given too an employees that is far above base wages.
A cafeteria-style plan is a plan that gives employees coverage of expenses in cases like prescription medicine through the withholding of a part of their pre-tax salary.
Employers do gain through the use of these plans as they will not pay FICA on cafeteria-style benefits plans.
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Decision making in businesses used to be limited to management. Today, lower level employees are responsible for some of these decisions, as information systems make information available to lower levels of the business. Identify the statement that best describes unstructured decisions.
People often take decisions daily. The statement that best describes unstructured decisions is that Structured decisions are repetitive and routine decisions which are handled procedurally.
Structured decision making is simply referred to as a thoroughly organized analysis of problems so as to make a final decisions that are based mainly on achieving fundamental objectives.
All decision is made up of several primary elements such as management objectives, decision options, knowing beforehand decision outcomes etc.
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To determine if a project is acceptable compare the internal rate of return to the company's ______.
In order to determine if a project is acceptable, it's important to compare the internal rate of return to the company's cost of capital.
It should be noted that the rate of return is determined by assessing the risk involved, cost of capital, etc.
Therefore, to determine if a project is acceptable, one has to compare the internal rate of return to the company's cost of capital. If the IRR is greater than the cost of capital, then the project should be accepted.
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Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss
Based on current tax laws, the character of this loss is $50,000 ordinary loss and $202,000 capital loss.
Tax laws stipulate that when it comes to losses from section 1244 stock, $50,000 is the maximum that can be stipulated for losses to a single person with the rest being treated as capital loss.
This means that $50,000 will be stipulated as ordinary losses here and the capital loss will be:
= 252,000 - 50,000
= $202,000
In conclusion, $50,000 is ordinary loss and $202,000 is capital loss.
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The average person usually has between 15 - 30 acquaintances. Please select the best answer from the choices provided T F.
People often make friends or acquaintances. The average person usually has between 15 - 30 acquaintances is a false statement.
An acquaintances is simply known as an individual familiar to one, but usually not a close friend.It is often regarded as the state of being acquainted or casually knowing someone/something An example of an acquaintance is a person you went to music class with but do not always keep in touch with them on a regular basis.
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Answer:
False
Explanation:
Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him the FedEx tracking number of the package so Alton can track the package and know exactly when it will arrive. This form of customer communication is referred to as ________ communication.
The form of customer communication here is what is referred to as delivery status.
Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.
The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.
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The era in marketing history characterized by the notion that the consumer is king is known as the ________ era.
Answer:
The Selling Era
Kotler refers to this as businesses "selling what they make, rather than making what the market wants to buy." ... Selling-era tactics can be risky for companies, as the hard sell can turn off consumers, perhaps even push them into the arms of a competitor.
Explanation:
how much does the dow have to drop to suspend trading
Answer:
Circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. The circuit breakers are calculated daily
Many of the meetings in which office workers are involved are informal, small group meetings
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
here are 20 employees in a company each employee worked 8 hours in a day and there a 5 days in week. In a particular week employees worked 1000 hours per week. The basis rate is $10 while overtime premium is paid time a half. Calculate the Total gross pay of the 20 employees of the week?$11500$12000$11000$13500
Answer:
11000
Explanation:
20 x 8 x 5 = 800 hours at $ 10 = $ 8000
1000 hours - 800 hours = 200 hours at 150% (time and a half) = $ 2000 x 1.5 = $ 3000
$ 8000 + $ 3000 = $ 11000
Apple want to ensure their products continue to produce a positive cash flow. They are considering 2 options for their
iPod product range's product life cycle. Justify which option Apple should choose (9 Marks)
A-Use extension strategies to extend the product's lifecycle.
B-Decline
Answer:
The Product Life Cycle
Every product goes through the various life cycle phases of introduction, growth, maturity and decline.
Key Points
Depending on its current stage in the product life cycle, a product will have different marketing, financing, manufacturing, purchasing and human resource requirements.
In the market introduction stage (following product development ), the product is released on to the market.
Sales are low and costs are high in the market introduction stage, thus, no profits are made. There is little to no competition and demand must be created through heavy promotion.
Key Terms
decline stage: when a product is not predicted to continue to be successful or upgraded
product life cycle: The process wherein a product is introduced to a market, grows in popularity, and is then removed as demand drops gradually to zero.
maturity stage: when a product is no longer in the growth stage, but not yet in the decline stage
Product Life Cycle: Overview
The product life cycle (PLC) describes the life of a product in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires a multitude of skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
An investor purchased 100 shares of Paradigm Publishing Corporation (PPC) on October 17, 2020. The price was $83 per share. On April 11, 2021, the investor wrote one PPC Nov 85 call for 3. At expiration date, the PPC stock is selling for $80 per share, and the investor liquidates the stock at the market price and the option at its intrinsic value. The net tax consequences are A) $300 long-term loss. B) $300 long-term gain. C) no gain, no loss. D) $200 short-term gain.
Based on the information given the net tax consequences are: C) no gain, no loss.
First step is to compute the breakeven point
Breakeven point=Purchase price-premium received
Breakeven point=$83-[($83-$80)]
Breakeven point=$83-$3
Breakeven point=$80
Based on the given details we were told that the PPC stock is selling for $80 per share and based on the above calculation the breakeven point was also $80.
Therefore the tax consequences is no gain or no loss because PPC stock was sold out at the breakeven point.
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a charter application usually must be signed by the prospective stockholders called incorporaters or . then, it is filed with the appropriate state official.
A charter application must be signed by the prospective stockholders that are referred to as incorporaters or promoters.
Charter simply means a legal document that is used for turning q business into a legal entity. It should be noted that a charter is written with the purpose of creating a corporation.
A charter application usually must be signed by the prospective stockholders called incorporaters or promoters then, it is filed with the appropriate state official.
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although hydroelectric dams generate electricity without producing greenhouse gases, they
Despite that hydroelectric dams generate electricity without producing greenhouse gases, they eliminate farmland and wildlife habitats in the regions that are flooded.
Hydro-electricity is a source of electricity generated from force gotten from downfall of dam water.
Hydro-electricity are only generated from accumulation of large bank of rivers that may pose danger to farmlands and widelife habitat.Hence, the Option C is correct because hydroelectric dams eliminate farmland and wildlife habitats in the regions that are flooded.
Missing option includes "a. are only able to contribute to about 5% of the electrical power throughout the world. b. are short-lived structures that have to be rebuilt about every 20 years. c. eliminate farmland and wildlife habitats in the regions that are flooded. d. alter water control in ways that make it more difficult to irrigate crops."
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When an insurance company needs to provide a payout, the money is removed from the consumer’s income. a bank loan. a pool of funds. the consumer’s account.
Answer:
a
Explanation:
got it right on edge
When an insurance company needs to provide a payout, the money is removed from the consumer's income is a bank loan. The correct option is a.
What is a money?Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
The piece of paper labeled 1 dollar, 10 euros, 100 yuan, or 1,000 yen is little different, as paper, from a piece of the same size torn from a newspaper or magazine, yet it will enable its bearer to command some measure of food, drink, clothing, and the remaining goods of life while the other is fit only to light the fire.
The subject of money has fascinated people from the time of Aristotle to the present day.
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Marvin places his telephone number on the national do-not-call list. After six months, Marvin is still receiving telemarketing calls. Particularly annoying to Marvin are the robocalls - those autodialed, prerecorded commercial telemarketing messages! Marvin hates telemarketing calls anyway, and if a live person cannot take the time to actually place the call, Marvin sure has no use for them. Marvin files a complaint with the Federal Trade Commission (FTC) about the robocalls. Marvin could also sue the companies that placed the calls. If Marvin chooses to sue the companies that placed the calls:
If Marvin chooses to sue the companies that placed the calls, it is very likely that he could get between $500 to $1,500 as damages on every Text Message or Call that he got after he had placed his telephone number on the national do-not-call list.
This is so because the range of award in damages stipulated by the Telephone Consumer Protection Act (TCPA) falls right between that range. If it is established that the company intentionally continuously sent recorded calls or messages to its customers, against their wishes, then the maximum amount of $1,500 may be awarded.
The TCPA is a federal law. The Federal Communications Commission (FCC), help to enforce the TCPA.
Prohibited forms of Calls
There are several other types of communication that is prohibited by the TCPA. Marvin's case falls into the category of the National Do-Not-Call Registry. Any form of communication to numbers entered into such registry is deemed illegal.
Other categories are:
Making calls to mobile or residential phone lines using pre-recorded or artificially generated calls. This includes calls that enter in the voice mailbox of the recipient;Unsolicited adverts, which were sent to phones or faxes of the recipients.It is important to note that not all the calls in the categories highlighted above are illegal. There are a few exceptions to the rule. They are, call from:
Public safety officialsSchools and CollegesNot-for-profit entitiesFinancial InstitutionsUtility Servicing companiesGovernment establishments etc.To learn more about the TCPA click on the link below:
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Gillette uses ________ pricing when it offers razor handles at a low cost, but places a high markup on the replacement razor blades that fit in the handles.
Answer:
captive product
Explanation:
Its right trust me!
In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required
A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.
A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.
However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.Read more about this here
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Jensen is 25 years old, and he will be starting his career as a business analyst. According to Levinson, Jensen is in the _____ phase of adult development.
Based on the research studies and situation described, according to Levinson, Jensen is in the Novice phase of adult development.
Daniel Levinson was a famous researcher whose interest centered on different stages of life from childhood to old age.
Daniel Levinson concluded that early adulthood lies between the ages of 17 to 45.
This early adulthood is then categorized into two, the novice phase between 17 to 33 and the culminating phase, which is between 33 to 45.
Thus, given that Jensen is 25, it is concluded that according to Levinson, Jensen is in the Novice phase of adult development.
Hence, in this case, it is concluded that the correct answer is "Novice."
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a country opens to trade. if the world price of a good exceeds the domestic price, the result will be:
Based on macroeconomic theory, a country opens to trade. If the world price exceeds the domestic price, the result will be export.
This is because it is beneficial or advantageous for a country to export its goods when the world price exceeds the domestic price.
This implies that the country's export goods will be cheaper than the world price of such goods.
In turn, other countries would demand their goods because of lower prices, thereby promoting more exportation of such goods.
Hence, in this case, it is concluded that the correct answer is export.
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For Hyatt Regency Rochester, the fixed costs are $120,000 and the variable costs are $20 per room rented. If the rooms rent for $60 per night, how many rooms must Microtel rent over the course of a year to break even?
Based on the rental price of the rooms, the variable and fixed costs, the rooms that need to be rented per night to break even is 3,000 rooms.
The quantity that is needed to breakeven is found as:
= Fixed costs / Contribution margin
The Contribution margin is:
= Selling price - variable cost
= 60 - 20
= $40
The breakeven quantity is:
= 120,000 / 40
= 3,000 rooms
In conclusion, 3,000 rooms will need to be rented out to breakeven.
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The claim that the high school drop-out rate has increased because more women have taken jobs in the workplace would be an example of
Claims that drop-out rate has increased because more women have taken jobs in the workplace is an example of false cause fallacy.
A false cause fallacy is said to occur in a statement because the link between the premises and conclusion does not even exist.
Here, phrase one is "high school drop-out rate has increased" and phrase two is "because more women have taken jobs in the workplace"
If we assess the two phrase, we will observe that their is no link between the statement to facilitate a valid conclusion because when woman taking jobs in workplaces can not result to increase in drop rate in high school.
Therefore, it is an example of false cause fallacy.
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if the fed conducts open-market sales, the money supply
When the Fed buys government bond from a bank, then, bank will acquires money which it can lend out, thus, leading to an increase to money supply.
The open market operations entails the purchase and sales of government bonds by the Federal Reserve (Fed).
When Fed purchases government securities on open market,, this increases the reserves of commercial banks, increases the price of government securities, reduces overall interest rates etc.Therefore, when the Fed buys the government bond from a bank, then, the bank will acquires money which it can lend out, thus, leading to an increase to money supply.
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overflow packages will have a color matched to it on the delivery app
There are thousands of packages being delivered daily. he overflow packages will have a color matched to it on the delivery app, will have a color matched to it on the Rabbit’s “Scan to Verify” screen is a false statement.
A package is simply referred to as a small container that has a quantity of something that is sold. They can be small boxes made of thin cardboard, or bags, envelopes etc.
An overflow is simply when a place or container is having too much people or things. That is, it is too full of them.
An overflow of packages is when there are too much packages. This is often seen during the festive periods and in airport and delivery companies.
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