Because all ideas are put on the table, people can eventually achieve genuine buy-in around important goals and decisions Commitment.
When members disagree, they feel comfortable challenging one another to find the best answer. When all options are on the table, people can eventually get genuine buy-in on important goals and decisions. Team management is responsible for monitoring and rewarding the team's achievement. The squad starts to gel and buy into the group's goals during Norming. A sense of coherence and togetherness is forming as interpersonal disputes begin to be resolved. The team is prepared to share responsibility and control while establishing and enforcing ground rules and boundaries. As team members begin collaborating and focusing on the team's goals during this phase, team performance improves.
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for all the benefits they bring to business, social media and other communication technologies have created a major new challenge: responding to online rumors, false information, and attacks on a company's reputation. from the video, it appears that orange photography believes that the most important step in responding to a crisis or rumors is .
It appears that orange photography believes that the most important step in responding to a crisis or rumor is bad news.
The motive of images is to talk and record moments in time. An image freezes a moment, which results in a story of the character, environment, animal, or landscape. research shows that taking pics improves your visible reminiscence and reveal.
The use of a camera to locate beauty in matters and those around us enables us to peer things in a unique mild. A first-rate healing benefit of images is that they could assist us to see the splendor surrounding us we simply have to take a moment to forestall and look.
The seven standards of layout, rhythm, pattern, emphasis, contrast, cohesion, and motion shape the inspiration of visible art. using the seven ideas lets you take more manipulation of your photographic exercise. this may cause better photographs and more photographic opportunities.
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the fact that several walthy donors contributed more than $10 million to presidential candidates in 2016 was the result of a
The fact that several wealthy donors contributed more than $10 million to presidential candidates in 2016 was the result of a popularity of the presidential candidates.
Why did wealthy donors contribute in 2016 ?The presidential election in the year 2016 saw Donald Trump and Hillary Clinton face off for the position of president. A win by Donald Trump would see the Republicans returning to power and a win by Hillary Clinton would be the first win for a woman.
As a result of these, the presidential candidates were quite popular and this led to more wealthy donors such that they contributed more than $10 million to the candidates.
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when opening a bar business, it is wise to have cash reserves equal to of your estimated operating expenses. (ch.15) when opening a bar business, it is wise to have cash reserves equal to of your estimated operating expenses. (ch.15) 2 months' worth 3 months' worth 6 months' worth 12 months' worth
When opening a bar business, it is wise to have cash reserves equal to 6 months' worth of your estimated operating expenses.
Cash reserves are funds set aside by businesses for use in emergency situations. The money saved is used to cover unplanned or unexpected costs or expenses. Most reserves are set aside specifically for short-term needs. One advantage of keeping such a reserve is that the company can avoid incurring credit card debt or incurring additional loan debt.
Companies typically use their company bank account to save money as a cash reserve. The funds may also be transferred to a separate account known as the cash reserve account.
Choosing a reserve amount is an important financial decision for a business. Failure to set aside enough cash exposes a company to financial risk; however, holding too much in reserve means the company is not fully utilizing the opportunity to invest more funds in growing its business.
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Consumer goods firms such as Lancôme often use reminder advertising to convince consumers to take action—switch brands, try a new product, or even continue to buy the advertised product.TRUEFALSE
The statement "Consumer goods firms such as Lancôme use reminder advertising to convince consumers to take action—switch brands, try a new product, or even continue to buy the advertised product. is false.
Give a brief account on advertising.Businesses can reach the public by using advertising to promote their goods and services. There are many different sorts of advertising media, from flyers and business cards to print commercials on broadcast TV and radio and online displays. Advertising draws in large audiences primarily for the following reasons:
Generating income for businesses, big or small.Increasing brand recognition to ensure that buyers remember your offerings.Convincing individuals to support the goals of nonprofits, governmental and non-governmental organizations, political parties, religious groups, and more.Advertising falls into two categories: paid advertising and earned advertising. To reach the audiences of vendors, such as print and online publishers, owners of broadcast channels, and administrators of online platforms, paid advertising requires an input of funds. Earned advertising is distinct; it is the outcome of customers praising goods and services based on their personal interactions with them.
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Suppose that this year's money supply is $600 billion, nominal GDP is $15 trillion, and real GDP is $3 trillion. and the velocity of money is The price level is Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year. Use this information to answer the questions that follow. If the Fed keeps the money supply constant, the price level will and nominal GDP will True or False: If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year. True False %. (Hint: The quantity equation can If the Fed wants an inflation rate of 9 percent instead, it should the money supply by be rewritten as the following percentage change formula: (Percentage Change in M) + (Percentage Change in V)= (Percentage Change in P) + (Percentage Change in Y).)
If money supply is $600 billion, nominal GDP is $15 trillion, and real GDP is $3 trillion, the price level will be $5 and the velocity of money will be 25.
Give a brief account on Gross Domestic Product (GDP).A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period by nations is the gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. While nominal GDP is more useful for comparing national economies on the global market, GDP (nominal) per capita does not account for variations in the cost of living and inflation rates of the various nations. As a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries. The contribution made by each industry or sector of the economy can also be calculated as a percentage of total GDP.
To solve the question :
Given,
Money supply = $600 billion,
Nominal GDP = $15 trillion,
Real GDP = $3 trillion.
a. To calculate price level :
= Nominal GDP / Real GDP
= $15 trillion / $3 trillion
= $5
b. To calculate velocity of money :
= (5 × 3 trillion) / 0.6 trillion
= 15 trillion / 0.6 trillion.
= 25
c. It should be highlighted that the price level will decrease by 3% and the nominal GDP will stay the same while the Fed maintains a steady money supply. Therefore, the Fed needs expand the money supply by 3% next year if it wants to maintain the current level of prices. So, the statement " If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year. " is true.
d. To solve :
Change in money supply :
= 11% + 3% = 14%
So, the Fed should expand the money supply by 14% if it prefers an inflation rate of 11%.
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hudson company reports the following contribution margin income statement. hudson company contribution margin income statement for year ended december 31 sales (11,500 units at $225 each) $ 2,587,500 variable costs (11,500 units at $180 each) 2,070,000 contribution margin 517,500 fixed costs 360,000 income $ 157,500
1. Compute break-even point in units.
2. Compute break-even point in sales dollars.
To calculate the Break-even point in sales dollars and units, we have to find the contribution margin.
Given,
Fixed cost (FC)= $360,000
selling price (S) = $225
variable cost (VC)= $180
So, contribution (C) is given as
C = S - VC
C = 225 - 180 = $ 45
contribution ratio = C ÷ S
contribution ratio = 45 ÷ 225 = 0.2 or 20%
Therefore, the Break-even point (BEP) is given as
1) BEP in units = FC ÷ C
BEP = 360,000 ÷ 45
BEP = 8000 units.
2) BEP in sales = FC ÷ CR (contriburtion ratio)
BEP= 360,000÷20%
BEP in sales dollars = $1,800,000
So, we can conclude that the Break-even point in sales dollars and units, can be found only after calculating the contribution margin.
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a company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries is a .
A company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries is a multinational enterprise.
Which of the following dangers do businesses run when they go global?
Foreign exchange and political risks are the two main dangers that come with doing business internationally. It may occasionally be difficult for businesses to sustain steady and predictable revenue because of these difficulties.
Using resources and capabilities, a multinational firm (MNE) purchases, produces, and distributes goods and services in at least two nations. Many MNEs have a globalization rate of above 50%; the majority of their earnings come from markets other than their native nation.
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During 2021, William purchases the following capital assets for use in his catering business:New passenger automobile (September 30) $64,000Baking equipment (June 30) 10,000Assume that William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation.Calculate William's maximum depreciation deduction for 2021, assuming he uses the automobile 100 percent in his business.
$21,640 will be the William's maximum depreciation deduction for 2021, assuming he uses the automobile 100 percent in his business.
So, in order to help us answer this question or solve this problem, the following data, parameters, or information is provided to us:
New passenger automobile (September 30) = $64,000.
Baking equipment (June 30) = 10,000
William chooses to take advantage of the election to expense on the baking equipment (and has enough taxable income to cover the deduction) but not on the car (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation but opts out of bonus depreciation.
Suppose his taxable income is sufficient.
Thus, if we are to abide by Internal Revenue Service regulations, the new passenger vehicle that is the depreciable limit = 11,160 - 8000
= 3,160
the highest allowed depreciation deduction = Baking equipment +
depreciable limit
= 18,480 + 3,160
= $21,640.
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which of the following are requirements for the correction of an accounting error? (select all that apply). Restate previous years' financial statements that are incorrect. | Prepare a journal entry to correct the error. | Disclose the nature of the error and the impact of the error on net income.
The following are requirements for the correction of an accounting error:
Prepare a journal entry and then correct the error.Report a prior period adjustment to the starting balance in retained earnings for the earliest year thats affected.An unintentional inaccuracy in an accounting entry is referred to as an accounting error. The error or mistake is frequently corrected right away when discovered. If the issue cannot be resolved right away, an inquiry into the error is carried out.
Accounting mistakes are blunders that are frequently committed when entering or submitting accounting entries. These differences are typically inadvertent and not the result of fraud.
The capitalization of $400,000 spent on routine equipment repairs contains an accounting mistake. This mistake has to be corrected because it causes the following issues:
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When reruns of a popular network program are sold to individual stations for rebroadcast, it is known as ______ syndication.
A. classic
B. first-run
C. audience-supported
D. off-network
E. barter
When reruns of a popular network program are sold to individual stations for rebroadcast, it is known as barter syndication. The correct option is (E).
What do you mean by the Barter Syndication?A sort of agreement between broadcasters, including television networks, network affiliates, independent stations, and television syndicators, is referred to as barter syndication.
Television show advertising time is the item being exchanged. The control of the advertising time, including how much will be available and who will sell it, is at the core of the barter system.
Barter syndication is a potent instrument in the syndication industry, which is expanding quickly and has extensive implications for the broadcasting, advertising, and syndication sectors.
Therefore, when reruns of a popular network program are sold to individual stations for rebroadcast, it is known as barter syndication.
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Figure 11-3a Figure 11-3a above shows that when the price for Red Baron frozen cheese pizzas moves from $8 to $6 per unit along the demand curve D1, the quantity demanded increases from 6 to 8 million units per year. 161 increases from 2 to 3 million units per year. stays the same decreases from 3 to 6 million units per year. decreases from 3 to 2 million units per year.
Red Baron frozen cheese pizza sales increase from 2 to 3 million units annually as the price moves from $8 to $6 per unit along the demand curve D1.
In economics, the term "quantity demanded" refers to the total amount of a good or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of a good or service.
Demand for Red Barron frozen cheese pizzas rises from 2 million to 3 million units annually as the price is reduced from $8 to $6 per pizza, according to the demand curve D1.
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In assessment centers, scheduling exercises typically evaluate _____.
a. leadership skills
b. problem-solving abilities
c. oral communication skills
d. psychomotor skills
Scheduling activities are frequently used in assessment centers to gauge candidates' problem-solving skills.
Which three qualities make a good leader?Self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, presenting oneself as steady and consistent, being role models, while being fully present in the moment are all qualities of good leaders. The individual traits that make a leader and their actions together make up their leadership behaviors.
What sort of leadership qualities exist?Modeling, enabling, and actively influencing good emotions that motivate team staff members to achieve their highest potential are all aspects of positive leadership. Through communication, responsibility, emotional intelligence, inspiration, and a model work habits, great leaders foster an encouraging atmosphere.
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which of the following provides additional financing to a firm in exchange for a percentage ownership in the company before it issues stock through an initial public offering?
Venture Capital Firm provides additional financing to a firm in exchange for a percentage ownership in the company before it issues stock through an initial public offering.
Venture capital (VC) is a type of private equity and a kind of supporting that financial backers give to new businesses and independent ventures that are accepted to have long haul development potential. Venture capital by and large comes from well-off financial backers, venture banks, and some other monetary organizations.
In any case, it doesn't necessarily take a financial structure; it can likewise be given as specialized or administrative skill. Investment is commonly dispensed to little organizations with remarkable development potential, or to organizations that have developed rapidly and seem ready to keep on growing.
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1. Leonora Whatley is the head of the marketing research department for a cosmetics manufacturer. Whatley delegates as much authority as possible to her fourteen subordinates although she still retains ultimate responsibility. Whatley manages a _____ department.
A) subordinated
B) hierarchical
C) centralized
D) functionally organized
E) decentralized
Leonora Whatley is the head of the marketing research department for a cosmetics manufacturer. Whatley delegates as much authority as possible to her fourteen subordinates although she still retains ultimate responsibility. Whatley manages a E) decentralized department.
What is a decentralized department?Decentralization of the office refers to the process of establishing satellite offices nearer to employees' homes. This tactic lowers dependency on a single central office, gives teams easily accessible, adaptable workspaces, and shortens commuting times for workers.
Decentralization or decentralization is the process through which an organization's operations are disseminated or delegated away from a central, authoritative location or group, particularly those relating planning and decision-making.
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Which of the following is not allowed as a deduction for computation of income under profits or gains of business or profession?
Any interest, brokerage or brokerage fees, rent, royalties, professional or technical service fees, or any other amounts owed to a resident contractors are not eligible for a tax deduction.
What does the term "deduction" mean?An item that can be deducted from income to lower the balance due is known as a deduction. For the vast majority of taxpayers who claim the standard deduction, Form 1040 suffices. If a taxpayer chooses to itemize their deductions, they must record each one on Schedule A of Form 1040.
What is a deduction example?Mortgage interest, pension scheme contributions, HSA payments, student loan interest, charity donations, medical and dental costs, lost gaming money, and state and local taxes are a few of the more popular deductions.
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which are the keys of enterprise design thinking? choose one speed bumps, hills, mountains sponsor users, hills, playbacks share backs, hills, sponsor clients
The keys of enterprise design thinking are Hills, Playbacks, Sponsor users.
Enterprise design thinking is a crucial part of the business techniques which enables the creation of innovative ideas which helps to distinguish between the products of different companies and also attracts the customers. It is based on user oriented outcomes, multidisciplinary efforts nd loop processes for new inventions. The utility of keys are that Hills are used to align the employee as teams, playbacks align across time setting and sponsor users align with the user's reality interface. In enterprise design thinking, some most essential steps are Discover, Define, Develop and Deliver. It enables to understand the customers, explore their requirements and evaluate the processes as per demand.
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American Pet Pro purchases pet grooming supplies from various manufacturers, sorts them, and resells them to retailers. American Pet Pro is a(n) _____ wholesaler.A) functionalB) agentC) merchantD) manufacturers'E) vertical
According to the research, the correct answer is Option C. American Pet Pro purchases pet grooming supplies from various manufacturers, sorts them, and resells them to retailers. American Pet Pro is a(n) merchant wholesaler.
What is a merchant wholesaler?It is a person or trading company that is dedicated to negotiating acquiring merchandise in its own name and on its own account on a regular basis to resell them to retailers in its local market.
In this sense, it generally does not come into direct contact with the final consumer, its most common function within the distribution chain is to be the link between the producer or manufacturer and the retailer.
Therefore, we can conclude that according to the research, American Pet Pro is in charge of purchasing merchandise from the producer directly therefore it is a(n) merchant wholesaler.
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a price-discriminating monopolist can increase profits by multiple choice charging a lower price to those with less elastic demand and a higher price to those with more elastic demand. charging a higher price to everyone, regardless of their price sensitivity. charging a higher price to those with less elastic demand and a lower price to those with more elastic demand. charging a lower price to everyone, regardless of their price sensitivity.
A price-discriminating monopolist can increase profits by charging a higher price to those with less elastic demand and a lower price to those with more elastic demand than it would if it could not price discriminate.
The cause of price discrimination is to seize the market's consumer surplus. price discrimination permits the vendor to generate the maximum sales feasible for a service or product.
Fee Discrimination is a strategy that corporations use to maximize revenue by way of charging customers extraordinary expenses based totally on their willingness to pay. for example, cinemas regularly offer unique expenses for adults, seniors, and kids. in addition they provide deals for precise days of the week.
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angela is a salesperson for ksu exercise equipment. she wants to sell deluxe exercise stations to silver workout centers. hans is the assistant regional director of silver workout centers in the greater chicago area and is acting as a champion for angela's product. we should expect all of the following except
As Angela is the salesperson and Hans is the assistant regional director and is acting as a champion for Angela's product, all of the following should be expected except E. Hans will prevent Angela from meeting the members of the buying center at the home office
As Angela is a salesperson, her basic part of duty would be to convince Hans that how KSU exercise equipment is best for silver workout centers. Hence, option a is correct.
Hans has the right that he can talk about and also sell Angela's ideas because he is acting as a champion for her products. Hence, option b is also correct.
As a salesperson, Angela is dedicated to informing Hans about all of the details about the KSU exercise equipment or products. Hence, option c is correct.
As acting out as a champion for Angela's product, Hans will promote the exercise equipment to convince other members of the buying center. Hence, option d is also correct.
However, Hans cannot stop Angela from meeting other members of the buying center at the home office hence option e is the only exception.
Although a part of your question is missing, you might be referring to this question:
Angela is a salesperson for KSU exercise equipment. She wants to sell deluxe exercise stations to Silver Workout Centers. Hans is the assistant regional director of Silver Workout Centers in the greater Chicago area, and is acting as a champion for Angela's product. We should expect all of the following EXCEPT:
A. Angela will engage and motivate Hans by showing him how the equipment meets Silver's needs as well as his own.
B. Hans will sell Angela's proposal at the home office in her absence.
C. Angela will provide Hans with a lot of information about her proposal and equipment.
D. Hans will be promoting the exercise equipment to other members of the buying center.
E. Hans will prevent Angela from meeting the members of the buying center at the home office
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A difficulty for entrepreneurs to raise funds from family and friends is that these kind of investors _____.
A difficulty for entrepreneurs to raise funds from family and friends is that this kind of investor feels they always have a right to interfere in the venture's operations.
Venture Operations serves early-stage corporations in all told industries by providing an active experience for regular and strategic operational problems. capital is cash, technical, or social control experience provided by investors ... their operations, and investors gain equity in promising corporations.
A venture may be a common manner of mixing the resources and experience of 2 otherwise unrelated corporations. Their measure several advantages to the current style of partnership, however, it's not while not risky - arrangements of this kind are often extremely complicated.
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Each firm in monopolistic competition uses a brand name and advertising to achieve all of the following except to​ _____. A) influence the demand for its good B) signal quality and reliability of its good C) differentiate its good from its​ competitors' goods D) signal its market share
Each firm in monopolistic competition uses a brand name and advertising to achieve all of the following except signal quality and reliability of its good.
Monopolistic competition is a sort of imperfect competition when numerous manufacturers compete with one another yet sell various items that are not exact substitutes for one another. In monopolistic competition, a corporation accepts the prices set by its competitors as given and pays no attention to how its own prices affect those of its rivals. Monopolistic competition will turn into a government-granted monopoly if this occurs in the face of a coercive government. In contrast to ideal competition, the business keeps extra capacity. Industry models frequently adopt monopolistic competition models. Restaurants, cereals, apparel, shoes, and service sectors in big cities are examples of industries with market systems resembling monopolistic competition from textbooks.
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which of the following is one of the eight principal managerial components associated with the process of implementing and executing strategy? adopting best practices and business processes to drive continuous improvement in activities that encompass strategy execution
staffing solely with personnel below the age of 35 who have college degrees and a grade point average of 3.0 or better
implementing a management development plan to groom future executives
allocating ample resources to strategy-critical activities
shifting from decentralized to centralized decision making so as to give senior executives more authority and control in driving cultural change
Allocating ample resources to strategy-critical activities is one of the eight principal managerial components associated with the process of implementing and executing strategy.
What are strategy activities?
Strategic acts, initiatives, and other endeavors are those that aim to meet predetermined goals and consequences.
Every target and goal has to have a plan (consisting of actions) outlining how it will be accomplished. The level of freedom your managers and team members have while implementing the strategy will depend on how detailed it is.
Our approach for developing strategies highlights actions necessary for achieving the organization's intended ambitions. Importantly, it also uses cause and effect linkages to connect individual and group actions to the intended results and objectives, as indicated in the picture below. In doing so, the organization successfully draws a road map of the steps it must take to accomplish its objectives and aims on the way to realizing its vision.
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Sprint charges different rates for long-distance service depending on time of day and distance of the call. This pricing method is called ____ pricing.
Sprint charges different rates for long-distance service depending on time of day and distance of the call, this pricing method is called value based pricing.
What does Pricing method mean?
Pricing method refers to the strategies and techniques used to set prices for products or services. Pricing methods can include cost-based pricing, market-oriented pricing, value-based pricing, and penetration pricing. Companies use different pricing methods to maximize profits, gain market share, and remain competitive.
What does cost based pricing means?
Cost-based pricing is a pricing model in which the cost of production and distribution determines the price of a product or service. This pricing method is based on the idea that a company should set prices that include the costs of producing, marketing, and distributing the product or service. Companies frequently use the cost-based pricing model to ensure that their prices reflect the true cost of the product or service.
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Which of the following Multi-Channel Funnels reports would you use to see the most common sequences of marketing touch points that lead to conversions on your site or app?a) Assisted Conversionsb) Top Conversion Pathsc) Time Lagd) Path Length
The most typical sequences of marketing touch points that result in conversions on your website or app are shown in the Assisted Conversions reports from Multi-Channel Funnels.
Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.
Employees in a company's marketing and promotion divisions aim to attract the attention of key target populations through advertising. Promotions are aimed at specific demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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orange leaf frozen yogurt, a popular frozen yogurt manufacturer, attempts to attract new customers by adding a new watermelon flavored greek yogurt to its famous frozen yogurt product line. in this case, the strategy used by orange leaf frozen yogurt is .
By including a new watermelon-flavored greek yogurt to its well-known frozen yogurt product line, orange leaf frozen yogurt tries to draw in new customers. Orange Leaf Frozen Yogurt is employing a cost-based strategy in this instance.
Milk is fermented by microorganisms to create yogurt, which is a food. The cultures utilized to manufacture yogurt are referred to as such. Lactic acid is created when these bacteria ferment milk's carbohydrates, and it interacts with milk protein to give yogurt its distinct texture and acidic flavor. [2] The milk that is used to produce yogurt most frequently is cow's milk. Yogurt can also be made from the milk of camels, yaks, water buffalo, goats, ewes, mares, and camels. Use of homogenized milk is optional. It could be raw or pasteurized. The outcomes of each type of milk are significantly varied.
A culture of Lactobacillus delbrueckii subsp. bulgaricus and Streptococcus thermophilus bacteria is used to make yogurt. Other lactobacilli and bifidobacteria may also be introduced before, during, or after yogurt culture.
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FedPrimeRate.com reported the median price of a home sold in the United States in November 2017 was $199,600. Pat Radigan wants to purchase a new home for $312,500. Pat puts 20% down and will finance the remainder of the purchase. Compare the following two mortgage options he has: 20 years at 6.5% or 25 years at 7.0%. (Use Table 15.1.) (Round your intermediate calculations and final answers to the nearest cent.) a. Calculate Pat's monthly payment for both the 20 and 25 year mortgage? Monthly payment for 20 year mortgage Monthly payment for 25 year mortgage b. Calculate Pat's total cost of interest for both the 20 and 25 year mortgage? Total cost of interest for 20 year mortgage Total cost of interest for 25 year mortgage c. What is the difference in interest paid between 20 and 25 year mortgage? Difference
(a) Pat will pay $1,863.93 per month for a 20 year loan and $1,766.95 for a 25 year loan.
(b) For both the 20 and 25-year mortgages, Pat's total cost of interest is $197,343.88 and $280,084.40, respectively.
A mortgage is a loan used to finance the acquisition or upkeep of real estate, vacant land, or other kinds of rental properties. The borrower and lender both agree to repay the loan over a period of time, typically in a series of consistent installments that are separated into principal and interest. For loans, the property acts as insurance.
(a) Pat's monthly payment for:
20-year mortgage = $1,863.93
25-year mortgage = $1,766.95
(b) Pat's cost of interest for:
20-year mortgage = $197,343.88
25-year mortgage = $280,084.40
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Plotting the supply of labor In Orlando
180 people are willing to work an hour as hostesses if the wage is $10 per hour. For each additional $5 that the wage rises above $10, an additional 45 people are willing to work an hour.
For wages of $10, $15, $20, $25, and $30 per hour, plot the daily labor supply curve for hostesses on the following graph.
What is one explanation for why this labor supply curve is upward sloping over the range of wages from low wage to high wage?
The opportunity cost of leisure increases as wages increase.
Unemployment benefits are steadily declining. Wages have to increase to accommodate union pressure. People prefer to spend time doing leisure activities rather than working.
An extra 45 persons are prepared to labor an hour for every $5 that the salary increases over $10. For hourly earnings of $10, $15, $20, $25, and $30, it appears that for every unit increase in wage, Labour rises by six units.
What does a wage look like?Salaries, basic wage, piece rates, and payments by the work are all examples of wages. bonuses and commissions. Pay for overtime and time off.
Briefing :One reason this labor supply slope is upward sloping is because the marginal utility of leisure declines as wages rise. For every ancillary $5 that the salary climbs over $20, an extra 25 persons are prepared to work an hour. For $20, $25, $30, $35, then $40 in salaries.
where w is wage rate and L stands for labor. It is given that
w=10
L=30
then slope=1/3
therefore L/w=3
It suggests that L grows by 6 units for every unit increase in wages.
A payment paid in return for labor or services, often on an everyday, daily, or piecework base and in line with a contract, would then be described by the work supply and wages table. often used in the plural. Wages, in the plural, are the fraction of the gnp that may be attributable to labor like a production component.
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Many employees of Bay Area Rapid Transit (BART), a rail service in the vicinity of San Francisco, CA, belong to a union called the Service Employees International Union Suppose BART is an example of a closed shop. This means that a worker is already a member of the union before being Which of the following is an example of a labor strike? People who want to work for BART must be members of the Service Employees International Union before seeking employment. BART management refused union demands, which included annual raises of between 2-4% over three years. This led BART workers to refuse to work during the following week. BART can charge consumers higher prices because there are no alternative forms of public transportation.
The Service Employees International Union is a large union that represents many of the employees of Bay Area Rapid Transit (BART), a rail service in the vicinity of San Francisco, California. Consider BART as an illustration of a closed business. This indicates that a worker is a union member prior to being hired.
A union representing about 1.9 million workers in more than 100 occupations in the US and Canada is called the Service Employees International Union. The SEIU focuses on organizing employees in three industries: property services, public services, and healthcare, including hospital, home care, and nursing home workers; public services; and property services.
A strike is a planned interruption of work carried out by employees to exert bargaining power over employers. Strikes may be organized in response to risky working conditions, unfair treatment, low pay, or any other workplace complaint that jeopardizes the safety or well-being of employees.
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You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 200 − 3Q and C(Q) = 1,500 + 2Q2, respectively.a. What price–quantity combination maximizes your firm’s profits?
The price-quantity combination that maximizes the firm’s total profit will be $210 and 30 units respectively.
What is Bulk Pricing?The price of goods and services in the market determines the quantity that consumers want. Assuming that non-price factors are removed from the equation, higher prices lead to lower quantities demanded, and lower prices lead to higher quantities demanded. A price is what a producer receives for the sale of one unit of goods or services. An increase in price will almost always increase the supply of that good or service, while a decrease in price will decrease the supply.
Calculating the maximum profit :The inverse market demand function = 300 - 3Q
The total revenue will be:
= (300 - 3Q) × Q
= 300Q - 3Q²
The marginal revenue will be:
= 300 - 6Q
The total cost is given as:
= 1500 + 2Q².
The marginal cost will be:
= 4Q
The equilibrium level of output will then be: MR = MC
300 - 6Q = 4Q
6Q + 4Q = 300
10Q = 300
Q = 300/10
Q = 30.
The quantity is 30 units.
The equilibrium price will then be:
P = 300 - 3Q
P = 300 - 3(30)
P = 300 - 90
P = 210
Therefore, the price is $210.
The maximum profit that the firm will earn will be:
Profit = Revenue - Cost
= (210 × 30) - [(1500 × (2 × 30²)]
= 6300 - (1500 + 1800)
= 6300 - 3300
= $3000
Therefore, the profit will be $3000.
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All definitions of Corporate Social Responsibility recognize that ________. *
Companies have a responsibility for their impact on society and environment
Companies must pay equal attention to business law and sustainability
The natural environment should be the main focus of CSR activities
Business ethics is a complex issue
What is the main characteristic of the stakeholder approach? *
The assumption that every business has to be absolutely dedicated toward social welfare
The idea that many different groups have a legitimate interest in the corporation
The assumption that shareholders are not the main stakeholders in the corporation
The idea that businesses shall be unethical toward the stakeholders in order to survive
According to Milton Friedman, the duty of a business is to ________. *
Be ethically responsible toward the various organizational stakeholders
Increase profits
Maximize resources
Trespass the rules of the game for the sake of profits
CSR recognizes that companies have a responsibility for their impact on society and environment. Stakeholder approach is the idea that many different groups have a legitimate interest in the corporation. According to Milton Friedman, the duty of a business is to be ethically responsible toward the various organizational stakeholders.
What is Corporate Social Responsibility?
Corporate social responsibility (CSR) is a self-policing corporate strategy that enables an organization to be socially accountable to its customers, employees, and stakeholders. Companies can be aware of their impact on the economic, social, and environmental aspects of society by engaging in corporate social responsibility, often known as corporate citizenship. When a firm practices corporate social responsibility (CSR), it means that it operates in a way that benefits society and the environment rather than detracting from it. Corporate social responsibility is a business strategy that encourages businesses to work in ways that benefit society and the environment rather than harming them.
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