The required average inventory level at the new central Memphis warehouse required to maintain the system's present customer service level 18000
What other names are used for average inventory?The average age of inventory indicates how long it typically takes a business to sell its stock. Days' sales in inventory is another name for the average age of the inventory.
On a balance sheet, how can you find average inventory?The average inventory is equal to the total of the ending inventory balances for the current period and the previous period, divided by two.
What are the five customer service levels?Unacceptable—at any level, this is poor service. Call it subpar, awful, or anything below than Basic, a commodity, and basic standards.
It's good that your clients say your service is "satisfactory.
World Class is a significant improvement over good.
Trademark: People compare you to others.
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if the demand for bananas is elastic, then an increase in the price of bananas will group of answer choices increase total revenue of banana sellers. decrease total revenue of banana sellers. not change total revenue of banana sellers. there is not enough information to answer this question.
If the demand for bananas is elastic, then an increase in the price of bananas will group in a decrease in the total revenue of banana sellers.
In economics, demand is the amount of goods that consumers are willing to purchase at various prices over a period of time. The relationship between price and quantity demanded is also called the demand curve.
Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them. When the price of a good or service increases, the quantity demanded tends to decrease.
Demand can be defined as the number of goods that a consumer can purchase at any price over a period of time.
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when selling a fixed asset, the seller recognizes a gain or loss for the difference between the consideration received and the
When a fixed asset is sold, the difference between the purchase price and the asset's book value is recorded as a gain or loss by the seller.
Any valuable object or resource that can be exchanged for cash is asset considered to be an asset. Assets are owned by people, organizations, and governments. A company may gain money from using or owning an asset, or it may gain some other benefit from doing so.
Assets are valuable items that support production and expansion for asset businesses. Assets for a business can include tangibles like real purchase price estate, machinery, raw materials, and inventory as well as intangibles like intellectual property rights, royalties, and other patents.
The balance sheet lists the assets of a company and reveals how those assets are financed, whether by taking on debt or by issuing equity. The balance sheet offers a quick glimpse into how effectively a company's purchase price management is managing its resources. On a typical balance sheet, there are two types of assets.
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Suppose a firm’s production process exhibits diseconomies of scale. How and why will costs change if the firm reduces its output?.
Managing the firm's workforce becomes more challenging, the long-term average total cost will rise.
How does diseconomies of scale affect a business?When a business grows to the point where its costs per unit increase, diseconomies of scale take place. Unit costs do not necessarily go down as output rises. An organization could occasionally get too big! Diseconomies of scale can be caused by a number of factors, but they are all related to the difficulties in managing a larger workforce.
Diseconomies of scale are a problem for large firms, and one solution may be to divide a massive corporation into smaller entities.
Thus, Managing the firm's workforce becomes more challenging
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the approach used to influence the feelings of consumers toward a product, service, or cause and/or to capture their attention is known as an
An advertising appeal is a strategy used to sway consumers' opinions about a good, service, or cause and/or grab their attention.
What appeals in advertising?Different methods and tactics are employed in advertising appeals to draw consumers. Advertising appeals typically offer evidence or elicit an emotional response to persuade the target audience to purchase a specific good or service.
What serves as advertising's primary objective?An advertising is a sponsored form of communication that highlights a brand, product, or service. Marketers utilize advertisements as a tool to help companies realize their objectives and increase profits. They typically produce advertisements with specific target markets in mind.
How does marketing draw in consumers?By informing current and future customers about your new product launches, exclusive deals, and enhancements, advertising can boost sales. Advertising can help you develop or build a distinctive brand for your organization in addition to reminding current clients about it.
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Which phrase best describes inflation? general rise in prices over time sudden, sharp increase in prices decline in currency exchange rates gradual decline in the price level.
A rise in the price level's rate of upward change.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Rapid, excessive, and unchecked general price increases in an economy are referred to as hyperinflation. While inflation gauges how quickly prices are rising for products and services, hyperinflation is a rapid rise in prices, generally exceeding 50% per month.
Therefore, A rise in the price level's rate of upward change.
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Answer:
A) General rise in prices over time
Explanation:
I got it right on the test
narrowly defining public stock companies in terms of financial performance can lead to . multiple choice question. improved public relations more accurate accounting black swan events more efficient production
Black swan events may occur if public stock companies are only defined in terms of their financial performance.
The value of publicly traded corporations is too narrowly defined in terms of financial performance, according to economist Michael Porter and many others, which causes scandals and economic crises.
A company's financial performance serves as a barometer for how efficiently it can use the resources in its core business to create revenue. The expression is additionally employed as a general gauge of an organization's long-term financial health.
Analysts and investors analyze financial performance between comparable businesses in the same industry, or between sectors or industries overall. The financial performance of a company affects how successfully it generates revenue, manages its assets, commitments, and the financial interests of its stakeholders and investors.
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The resources in the economy are usually divided into what two broad classifications?.
In economics, the two primary components of production are labor and capital.
What is labor and capital?Labor is also defined as an employee's physical and mental input into the creation of a good (s). Human-made goods that are employed in the creation of other things are known as capital stock. These consist of equipment, furnishings, and structures. They come in fixed and working varieties.And if everything else is equal, there can only be one winner. In general, economic output must go either to laborers as wages, salaries, and benefits, or to capital owners as profits, dividends, and rents. This is referred to as the "labor" or "capital" share of GDP by economists.The word "human capital" refers to the workforce or the people who are available for a variety of jobs. The work that people perform is called labor.To Learn more About labor and capital Refer To:
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_________ measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
ROI measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
What do you mean by ROI?Return on Investment (ROI) is the monetary worth of an investment divided by its cost.(profit minus cost) / cost is the ROI formula. ROI is determined by subtracting the initial cost of the investment from the ultimate value, dividing the result by the cost of the investment, and then multiplying it by 100. The profit earned on an investment is divided by the cost of the investment to compute the return on investment (ROI).When represented as a percentage, an investment with a profit of $100 and a cost of $100 has a ROI of 1, or 100%. Return on investment, or ROI, is a key performance indicator (KPI) that organizations frequently use to measure the profitability of an expenditure.It's especially important for tracking progress over time and eliminating uncertainty when making future business decisions. Economists, investors, company executives, and financial analysts use it on a regular basis to determine if a certain investment is likely to make or lose money, and by how much.If all else is equal, a higher positive ROI is a desirable thing because it signals a more profitable investment.To learn more about ROI refer
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apple company compares its first quarter sales revenue for the current year with its previous year's first quarter sales revenue. this is an example of what type of comparison?
Apple company compares its first quarter sales revenue for the current year with its previous year's first quarter sales revenue. This is an example of an Intracompany type of comparison.
What is intracompany analysis?Intracompany refers to analysis within a single company and can be horizontal, vertical, or a combination of both. Horizontal analysis entails laying out time periods of data side by side to analyze trends.
The intra-company comparison refers to comparing the past performance of a single entity to its current performance. It can also refer to a comparison of two or more subsidiaries of the same parent company.
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On april 1st, 2022, howard & sons law firm, whose fiscal year-end is september 30th, purchased a building for $1,400,000. The building is expected to remain in service for 50 years, and it will be depreciated using the straight-line method. If the expected salvage value is $800,000, what will be the book value of the building on september 30th, 2033?.
The amount of the asset after required depreciation. Book Value = Cost - Depreciation Expense. Based on useful life book value = scrap value.
Companies use the price-to-book (P/B) ratio to compare the company's market capitalization to its book value. It is calculated by dividing the company's stock price per share by his book value per share (BVPS). The carrying amount of a property, plant and equipment is the cost paid for an individual item of property, plant and equipment less the accumulated depreciation of that property, plant and equipment to date. Book value is the cost of maintaining an asset on a company's balance sheet and is calculated by the company by netting the asset against accumulated depreciation.
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as its output increases, a firm's short-run marginal cost will eventually increase because of: group of answer choices diminishing returns inefficient production lower product price diseconomies of scale the firm's need to break even
A company's short-run marginal cost will eventually rise as its output rises due to diminishing returns.
According to the law of diminishing returns, assuming other factors stay constant, the rate of profit from an investment that is made in a certain region grows as well. However, at a certain point, the rate of profit from that investment cannot increase further.
As an illustration, consider a factory that, for a given increase in input, increases both its producible product and its CO2 output. A cornerstone of both micro and macroeconomics, the law of decreasing returns also occupies a significant place in production theory.
Diminishing marginal returns are a result of fixed expenses, low demand, harm to employees, and decreased productivity.
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elayne recently purchased a municipal bond through her stockbroker. the broker told her that the bond is backed by the full faith and credit of the issuer. what type of bond did elayne buy for her portfolio?
Elayne purchased General obligation municipal bonds for her portfolio.
What is a General obligation bond?
General obligation bonds, commonly known as GOs, are municipal bonds that give state and local governments a way to raise money for initiatives that might not immediately produce an income stream. Public school and transportation system construction are two examples of the kinds of initiatives that can be financed through general obligation bonds.
Because they are not guaranteed by a specific asset or project that generates income, these bonds are referred to as "general obligation" bonds. Instead, they are supported by the issuer's "full faith and credit." In simple words, this means that the bonds are secured by the state's or locality's ability to collect taxes and, if required, raise them in order to pay bondholders.
The bond bought by Elayne is backed by the full faith and credit of the issuer therefore it is a General Obligation municipal bond.
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ccording to carr, what are the rules of business: group of answer choices golden rule legal rules poker rules military rules none of the above
Carr asserts that option c. poker rules are the laws of business.
According to Albert Carr, conducting business is similar to playing a game, and personal morality is different in the workplace. According to Carr, dishonest economic methods like bluffing and partial truths are morally permissible.
Carr argues to his audience that it is inappropriate to criticize a company's ethical conduct and personal convictions simultaneously. Every player is familiar with the game's rules and how to play it. Therefore, Carr says that business is a game akin to poker in plain English.
As Carr would put it, "simply as a game strategy—much like bluffing in poker," is the art of business bluffing. However, it might be better described as lying, cheating, and paying off people in order to achieve corporate goals.
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which of the following mortgage types has the most default risk, assuming the initial loan-to-value ratio, contract interest rate, and allother loan terms are identical? group of answer choices interest only loans fully amortizing loans partially amortizing loans there is no difference
Interest only loans has the most default risk, assuming the initial loan-to-value ratio, contract interest rate, and all other loan terms are identical.
An interest-only loan can be a suitable choice if you want to keep your monthly housing expenditures low. People who aren't looking to own a property for the long-term, such as those who frequently move or who are buying the home as a short-term investment, are common candidates for an interest-only mortgage.
Due to the decreased marketability of interest-only loans, which were once simple to sell to other financial institutions, lenders now require greater down payments from borrowers and charge higher interest rates than on conventional loans, which are seen as posing a lower risk.
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many companies have tried to reposition themselves in the marketplace. some have succeeded; others have not. briefly describe why companies implement repositioning strategies.
When a business experiences a decline in sales and realizes it is necessary to make some adjustments and grow, repositioning is typically done.
Instead of a total makeover of your company's identity, a brand repositioning strategy is a targeted boost. Rebranding, on the other hand, requires a bigger effort. It can involve modifications to your primary product, brand name, logo, and more.
Repositioning is the process of changing a brand's status, affiliations, personality, and message while keeping all of the elements that make it instantly recognized. Briefly said, brand repositioning seeks to alter consumers' perceptions of a good or a brand rather than making a significant change.
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What happens when a country's central bank increases reserve requirements for banks.
By increasing reserve requirements, the Federal Reserve essentially takes money from the money supply and increases the cost of borrowing
However, increasing reserve requirements could raise lending rates (thus reducing demand) without raising deposit rates, thereby avoiding attracting more capital inflows. 11 A higher URR is a form of taxation and, because it is not offset by spending, should reduce net demand. banking system. By increasing reserve requirements, the Federal Reserve essentially takes money from the money supply and increases the cost of borrowing. Lowering minimum reserve requirements pumps money into the economy by giving banks excess reserves, which encourages the expansion of bank credit and lowers rates.
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Identify at least three reasons why knowing your money personality will benefit you.
Answer:
Explanation:
As the new year begins and we start thinking about what we want to do different this year, often how we manage our finances are at the top of the list. As you navigate setting financial goals, consider how your money personality impacts your choices and goals. And yes, money personalities do exist. They can help you identify strengths and areas of improvement relating to your goals.
While there are numerous names for the 5 money personality types, I found Big Think gives a nice overview.
They found the 5 types of money personality types are Big Spenders, Savers, Shoppers, Debtors and Investors.
Big Spenders
Big Spenders like to “Go Big” with their purchases. The bigger and newer the better. They also don’t shy away from taking financial risks if it may benefit them in the future.
Savers
Savers like to hold onto their money. They are frugal with their spending habits and are cautious with how they manage their money especially when considering large purchases
Shoppers
This group likes to spend based on how they feel and how it relates to the purchase. At times, shoppers have a hard time knowing when to change their behavior especially when an item isn’t needed.
Debtors
Debtors are often unaware of their finances as a whole. They often carry debt but it doesn’t bother them.
Investors
The people in this group are forward thinking in how they spend their money. They look for opportunities to help set financial goals for the future, while maintaining their current finances.
Of course, you may see yourself in more than one of these personalities and that’s ok too. Once you have an idea of your money personality and how it relates to your spending you can consider ways to help you save too.
Knowing your money personality benefits you by increasing self-awareness, enabling personalized financial strategies, and improving relationships around money.
It increases self-awareness of your financial behaviors and tendencies, allowing you to make more informed decisions and improve your financial habits.
It enables you to develop personalized financial strategies that align with your unique characteristics, maximizing your chances of success.
By tailoring approaches to your money personality, you can create effective budgeting, saving, and investing plans.
Knowing your money personality can improve relationships, as it helps you understand differences in financial perspectives and promotes better communication with partners or family members.
Thus, this understanding allows for collaboration in setting financial goals and making joint decisions, fostering harmony and shared understanding in money-related matters.
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which theory argues that the best ethical alternative is the one that will produce the greatest amount of happiness to the largest number of stakeholders?
The ethical decision-making process' issue identification step weighs potential solutions while also considering how they will affect stakeholders.
What exactly is a decision?
A corporation's decision-making process involves the company making decisions about a variety of topics.
The step in the ethical decision-making process that involves assessing the consequences of a choice and balancing the alternatives must be identified in this question. In this instance, the business employs the issue identification process to pinpoint and quantify its consequences. The company determines the effectiveness of the alternatives it uses in the following stage after assessing the decision's impact. Thus, it follows that this process is utilized to determine the consequences on stakeholders.
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f the fed wants to reverse the effects of an adverse supply shock on unemployment, it should a. decrease the money supply growth rate, which raises the inflation rate. b. decrease the money supply growth rate, which reduces the inflation rate. c. increase the money supply growth rate, which reduces the inflation rate. d. increase the money supply growth rate, which raises the inflation rate.
The right answer is (d). The Fed should accelerate the expansion of the money supply, which increases the inflation rate, in order to counteract the impact of a negative supply shock on unemployment.
What defenses does the Fed have against a blow to the overall demand?The central bank should accelerate the growth of the money supply to restore expenditure growth in the event of a negative shock to the overall level of demand.
In the event of a supply shock, what happens to unemployment?Increased costs, higher prices, a decline in real output or real GDP, and higher unemployment are all effects of an unfavorable supply shock, which is caused by a sharp drop in supply.
When a negative supply shock occurs, what happens to unemployment and inflation?The unemployment rate and inflation rise in response to a negative aggregate supply shock. Inflation will be more strongly influenced higher by a policy that aims to lower the unemployment rate.
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After a rough week and against her better judgment, leesa tells tarik she is tired of arguing with him over trip reports. She makes an exception for him and, against policy, says he no longer needs to fill them out. A week later, another sales rep comes to her and asks to stop preparing reports, just like tarik. Why do you think leesa now has a managerial problem?.
Because she neglected to offer procedural Justice, Pari has a management issue.
What exactly does procedural justice entail?The focus of procedural justice is on how the public and the police communicate, and how those interactions affect how the public perceives the police, how eager they are to follow the law, and the actual crime rates.Probation is one context where research has shown how procedural justice affects people's respect for and cooperation with norms and authority. According to service users, officers that are friendly, nonjudgmental, consistent, fair, and accountable are valued by them.Because she neglected to offer procedural Justice, Pari has a management issue. When she excluded Vihaan, Pari did not practice procedural justice, which is the act of treating every worker at the workplace equally with reference to a specific work method.To learn more about Procedural justice refer to:
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in addition to population growth, economic development is increasing resource consumption in china. which do you think plays a bigger role in achieving sustainability: population growth or economic development?
Rapid population growth makes it more challenging for low-income and lower-middle-income countries to afford the increase in public spending per capita required to end poverty, end hunger and malnutrition, and guarantee universal access to health care, education, and other essential services.
Affluence (in the form of economic progress) is not necessarily advantageous to environmental sustainability.
However, resource use is directly impacted by population expansion, which has detrimental effects on the ecosystem.There is always a chance that rich nations can assist their less developed counterparts.
They can achieve this by pooling resources or assisting developing nations in resource development. Thus, ensuring sustainability depends more on economic development.
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assume simple company had credit sales of $259,000 and cost of goods sold of $159,000 for the period. simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $340. required: what amount of bad debt expense would the company record as an end-of-period adjustment?
The $5,180 bad debt expense would be reported by the corporation as an end-of-period adjustment.
How to Determine Bad Debt Expenses?There are various methods for calculating the bad debt expenditure under the allowance method. Applying an overall bad debt proportion to all credit sales is one strategy. Applying an increasing proportion to subsequent time buckets where receivables are reported in the accounts receivable aging report is another possibility.
A risk analysis of each customer could also serve as the foundation for the bad debt expenditure. Whatever method of calculation is employed, it must be revised each succeeding month to reflect any changes in the underlying receivable data.
Calculation:
Given the above information
Credit sales = $259,000
Cost of goods sold = $159,000
The bad debt expense can be computed using the below formulae
Bad debt expense = Credit sales × 2%
Bad debt expense = $259,000× 2%
Bad debt expense = $5,180
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consider a small town that has two grocery stores from which residents can choose to buy a gallon of milk. the store owners each must make a decision to set a high milk price or a low milk price. the payoff table, showing profit per week, is provided below. the profit in each cell is shown as (store 1, store 2). from the table below, what is the nash equilibrium of this price-setting game?
Price is the fee this is placed to a products or services and is the end result of a complicated set of calculations, studies and know-how and danger taking ability.
The required details for Price in given paragraph
1) a- Low rate , $ 500
2) a- Low rate , $ 800
3) a- Low rate , $ 500
4) a- Low rate , $ 800
5) b - Grocery Store 1 need to constantly set a low price (irrespective of what Grocery keep 2 does, keep 1 could earn a better payoff the use of this strategy)
6) b- Grocery Store 2 need to constantly set a low price
7) a- Grocery Store 1: Low Price
Grocery Store 2: Low Price
Pricing is the process wherein a enterprise units the rate at which it's going to promote its merchandise and services, and can be a part of the enterprise's advertising plan. In putting prices, the enterprise will don't forget the rate at which it is able to gather the goods, the production price, the marketplace, competition, marketplace condition, brand, and exceptional of product.
Pricing is a essential factor of product management and is one in every of the 4 Ps of the advertising mix, the opposite 3 elements being product, promotion, and place.
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a newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $272.50. what is the simple interest rate?
The simple interest rate of the car which cost $9,000 and easy monthly payments of $272.50 is 3 percentage.
How to calculate interest rate ?The interest rate is the amount charged by the lender to the borrower in addition to the principal amount. In terms of the receiver, a person who deposits money in any bank or financial institution earns extra money due to the time value of money, which is referred to as interest received by the depositor.The interest rate formula calculates the amount of money to be repaid on a loan as well as the interest earned on fixed deposits, mutual funds, and other investments. The interest rate formula is also useful for calculating credit card interest.We can calculate the interest rate using the interest rate formula, which is the percentage of the principal amount charged by the lender or bank to the borrower for the use of its assets or money for a specific time period. Interest Rate = (Simple Interest 100)/(Principal Time) is the interest rate formula.Total payments=$272.50(36)=$9,810
Total interest paid=$9,810 - $9,000 =$810
Interest per year=$810/3=$270
Rate=($270/$9,000 )(100%)=3%
The interest rate is 3%.
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a policy that raised the natural rate of unemployment would shift a. the short-run phillips curve right but leave the long-run phillips curve unchanged. b. both the short-run and the long-run phillips curves to the right. c. neither the long-run phillips curve nor the short-run phillips curve right. d. the long-run phillips curve right but leave the short-run phillips curve unchanged.
D) The short-run Phillips curve would remain unchanged but the long-run Phillips curve would be moved to the right by a policy that increased the natural rate of unemployment.
What Is the Natural Unemployment Rate?
The natural rate of unemployment is the level of unemployment that would exist in a growing, healthy economy. In other words, only frictional and structural unemployment—not cyclical unemployment—is included in the natural rate of unemployment.
Full employment and potential real GDP are two more crucial ideas connected to the natural rate of unemployment. When the actual unemployment rate is the same as the natural rate, the economy is said to be at full employment. Real GDP is equal to potential real GDP when the economy is operating at full employment.
The unemployment rate is higher than the natural unemployment rate and real GDP is lower than potential, however, when the economy is not at full employment.
The unemployment rate is lower than the natural unemployment rate and real GDP is higher than potential when the economy is above full employment. Since operating above potential is comparable to employees working overtime, it is only achievable for a brief period of time.
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Your oldest sister just moved and wants a ninja foodi 8qt air fryer for her new place. How much would your mom save by buying this item on black friday?.
Ninja Foodi 4-in-1 8-qt. 2-Basket Air Fryer with DualZone Technology, DZ100WM retails for $159.99, but with Black Friday sale your mom could purchase it for $99.00 and she could have saved $60.99 on many retail stores during Black Friday sale.
Black Friday is the term for the Friday after the Thanksgiving Day in the United States. It signals the start of Christmas holiday shopping sale that goes on until the end of December. Black Friday has both positive and negative impacts on society. The positive impact being that most retail stores are able to maximize their profits by lowering the price for most consumer products and at the same time clearing their inventory, but if you are looking at the consumer perspective's, Black Friday sale negatively impacts consumers psychologically. Being bombarded with huge discounts on practically all consumer products on every retail stores and online shopping sites in the United States, it is changing people's spending habits, causing them to purchase things impulsively, and eventually ended up purchasing a wide variety of products they do not really need thinking that they are saving money by doing so.
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the three components of building a capable organization are a. optimizing the number of core competencies and competitive capabilities, making sure that all managers and employees are empowered, and maximizing internal operating efficiency. b. putting a centralized decision-making structure in place, determining who should have responsibility for each value chain activity, and aligning the corporate culture with key policies, procedures, and operating practices. c. staffing the organization, building core competencies and competitive capabilities, and structuring the organization and work effort. d. making periodic changes in the firm's internal organization to keep people from getting into a comfortable rut, instituting a decentralized approach to decision making, and developing the appropriate competencies and capabilities. e. hiring a capable top management team, empowering employees, and establishing a strategy-supportive corporate culture.
Option C is correct. Staffing the organization, building core competencies and competitive capabilities, and structuring the organization and work effort are three components of building up a capable organization.
In today's competitive world, for any organization, it is really to have a perfect plan and execution in order to retain power in the market. The three most important component involves staffing the organization which means recruiting the skilled and required labor to work efficiently toward the organization's goal.
For making it highly competitive in nature, the organization's executives and managers need to work on creating and implementing tasks (core competencies) in order to beat competitors.
The third is to have an internal organizational arrangement by core competencies by assessing specific responsibilities to specific persons.
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Insurance premiums, entrance fees, train fares, and organization dues are all examples of?.
Insurance premiums, entrance fees, train fares, and organization dues are all examples of price.
What is price?Price is the amount of payment or compensation given by one party to another for a good or service. In some situations, the price of the product has a different name. If an item is a "commodity" in a commercial exchange, the consideration paid for that item is likely to be called its "price."
There are many other types of price. Some of them, like the threshold price, are conceptual. Others relate to the timing of a potential deal or the relative strength of the buyer and seller. However, they all ultimately have something to do with the spot price.
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as the owner of a movie theater, you have decided to lower the price for all shows before 7:00 p.m. this month. what do you expect to happen?
The Quantity Demanded of shows before 7:00 pm will increase. This is because when the price of a good rises, the quantity demanded for that good increases.
What Is the Law of Supply and Demand?According to the law of demand, demand for a good or resource will decrease as its price increases and increase as its price decreases.According to the law of supply, on the other hand, higher prices tend to increase an economic good's supply while lower ones tend to reduce it.The intersection of the supply and demand curves, which balances supply and demand, is a graphic representation of the market-clearing price.The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.Price determination based on supply and demand curves presupposes an open market, where buyers and sellers can choose whether to engage in business or not based on the price. Taxes and regulations, supplier market power, the presence of substitute goods, and economic cycles are only a few examples of the variables that might change the shape or location of supply or demand curves. However, the commodities impacted by these external influences continue to be susceptible to the basic principles of supply and demand as long as buyers and sellers have agency.To learn more about demands, refer to
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the portion of the strategic management process that concerns the organization, coordination, and integration of work processes is .
Strategy implementation is the part of the strategic management process that deals with the organization, coordination, and integration of work processes.
What are the four strategic management structures?
The strategic management process addresses work activity organization, coordination, and integration. Executives must select one of the four organizational structures for operations: simple, functional, multidivisional, and matrix. The three basic facets of strategic management are strategic analysis, strategic decision-making, and strategy implementation. Continue reading to find out more about the six crucial elements of strategic planning: the vision, mission, objectives, strategy, approach, and tactics. The four types of organizational structures are functional, multi-divisional, flat, and matrix. Others include team-based, network-based, and circular setups.
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