In decades past, the development and implementation of marketing strategy was about b.creating a large number of transactions in order to maximize a firm's market share.
What was the focus of marketing strategy in the past?Companies wanted to increase the number of sales transactions they had as they believed it would lead to a higher market share.
These days however, companies try to retain their customers over the long term so they can have a sustainable revenue base.
Options for this question are:
a.aggressive selling in order to maximize sales volume.
b.creating a large number of transactions in order to maximize a firm's market share.
c.making products of moderate quality that could be sold at the lowest price possible.
d.conducting extensive research to discover customer needs.
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The ______ cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use.
Answer:
The answer is economic
Explanation:
The Economic cost of any resource used to produce a good is the value or worth the resource would have in its best alternative use. Hence, the gap is filled.
What does Economic cost signify?Economic Cost has been widely used over the period of time by various individuals, mainly Economists, to better understand the various products and their usage in the market.
Economists have worked for individuals over a period of time and have also set prices for some commodities. The economic cost generally suffices to the fact that whether the goods have earned profit or have incurred a loss. The economic cost is very much beneficial for the companies so that with ease they could monitor whatever the problem is.
Economic cost also includes the opportunity cost which is also inclusive while setting the price of commodities. Hence, the above statement is correct.
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suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of books supplied at a price of $16?
The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.
How do production costs affect supply?When production costs (input) increase, the quantity supplied at a given price decreases.
Conversely, a decrease in production costs increases the quantity supplied.
Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the quantity supplied is reduced.
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A simultaneous increase in both the demand for tablets and the supply of tablets would imply that:
A simultaneous increase in both the demand for tablets and the supply of tablets would imply that a the value of tablets to consumers has increased, and the cost of producing tablets has decreased.
What is the law of demand?Demand can be regarded as the quantity of a good that consumers is able to buy at given period of time willingly.
Therefore when there is increase in both the demand for tablets and the supply of tablets, it means the consumer has understood the value because the value of a product can influence demand.
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1. What area of law protects the sale of a home?
common law
contract law
statutory law
criminal law
2. With respect to a contract, what does the term “consideration” mean?
Both parties agree to be considerate to one another.
Something of value must be exchanged between the parties.
One party offers valid terms, and the other party accepts those terms.
The terms of the contract are enforceable.
3. Which system of law is a complete set of rules enacted as a single written system or code?
common law
administrative law
civil law
statutory law
1 contract law
2 Something of value must be exchanged between the parties.
3 civil law
Why is the law important?
Laws are created for protect our general safety, and ensure our rights as citizens against abuses by other people, by organization's, and by the government itself. We have laws for help provide to our general safety.
How many kinds of Laws?
Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.
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RewardStyle helps brands and lifestyle influencers engage successfully in e-commerce. RewardStyle is a global community of more than 60,000 influencers who connect consumers with one million brand partners. RewardStyle relies on user-generated content on a website to assist consumers with purchases and builds strong relationships between influencers and brands. This is an example of _______. a. integrated marketing b. sales promotion c. crowdsourcing d. social commerce
D. Social Commerce
What is Social Commerce?In social commerce, product marketing and sales take place on social media networks. The largest social media sites all include eCommerce features that users may rely on when they're in the market to buy something.
It contrasts with traditional social media marketing tactics where consumers watch brand content and then visit their website to start shopping. Customers can utilize social commerce to research companies, locate products, and make purchases all within the same app.
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Some critics of the unemployment rate say that it under-reports the actual unemployment problem by:
Critics of the unemployment rate say that it under-reports unemployment because it does not include discouraged workers.
What goes into the employment rate?The unemployment rate takes into account only people who are actively looking for work.
It does not include people were looked for work and then got discouraged which means that it does not propery account for those who want jobs even though they can't get them.
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PLEASE HELP ME!! sos
The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
What Is a Blank Endorsement?A blank endorsement refers to a signature on a financial instrument together with a check. No payee is specified, so any holder of the instrument ought to declare payment. The signature basically turns the instrument right into bearer security.
That is, it isn't registered to any individual however is payable to the individual that possesses it.
Therefore, The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
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Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some paperwork, he informs Susan that the SUV is actually $26,000, not $24,000 as she was told. The increase in price is due to several upgrades that the car company has installed, including tinted windows, navigation system, and satellite radio. This is an example of the _________ technique.
The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.
What is a low-balling technique?This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.
Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.
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If you have an orientation where you read manuals and fill out paperwork, it is probably a _____. a. new hire orientation b. interactive orientation c. reorientation d. mentorship please select the best answer from the choices provided a b c d
If you have an orientation where you read manuals and fill out paperwork, it is probably new hire orientation. Thus option A is correct.
What is orientation?The process of acclimating freshly hired personnel to their new office is called orientation. It gives staff members the fundamental organizational knowledge they require to feel ready for their new workgroup, division, and job within the company.
As there will be new people or employees who will be coming to get the job. So it will be a necessity to give them information about the company.
Also what will be their job or what are the rules and regulations is to be told to the employees. Therefore, option A is the correct option.
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The liquidity, income, price-level, and expectations effects help to explain how changes in ________________can affect _______________. a. the money supply; the interest rate b. velocity; the interest rate c. real gdp; the money supply d. the interest rate; the money supply e. velocity; real gdp
The liquidity, income, price-level, and expectations effects help to explain how changes in velocity can affect the interest rate.
What is the interest rate?The rate, at which banks and other financial institutions offer the acceptance of deposit from their customers, which are under the control and regulations of the country's central bank, is known as interest rate.
There exists a direct relationship between the interest rate and velocity of the money, which indicates that when the velocity of money in the market increases, the interest rate also increases and vice versa.
Hence, option B holds true and states regarding velocity and interest rate.
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Rodrigo Tools, concerned about its loss of market share in previous years, has recently implemented several programs to encourage prompt and courteous customer service, employee self-management, and better coordination with suppliers. Rodrigo Tools is making an effort to achieve a. quality improvement planning. b. a quality concern focus. c. total quality commitment. d. total quality development. e. total quality management.
Rodrigo Tools , concerned about its loss of market share in previous years, has recently implemented several programs to encourage prompt and courteous customer service, employee self-management, and better coordination with suppliers. Clarke tools is making an effort to achieve total quality management.
What Is Total Quality Management (TQM)?
Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training. Total quality management aims to hold all parties involved in the production process accountable for the overall quality of the final product or service.
TQM was developed by William Deming, a management consultant whose work had a great impact on Japanese manufacturing. While TQM shares much in common with the Six Sigma improvement process, it is not the same as Six Sigma. TQM focuses on ensuring that internal guidelines and process standards reduce errors, while Six Sigma looks to reduce defects.
Hence , we can say that the correct option is E- Total Quality Management.
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A person who buys a piece of new furniture, finds it damaged, and says nothing because he doesn't want to confront the retailer, is engaging in the personal conflict style of:
A person who buys a piece of new furniture, finds it damaged, and says nothing is engaging in the personal conflict style of: avoiding.
What is avoiding personal conflict style?Avoiding personal conflict style can be defined as the way in which a person choose to avoid any form of conflicts.
A person with avoiding personal conflict style personality will tend to always run away from conflict rather facing the conflict just as in the case of the scenario given.
Therefore he is engaging in the personal conflict style of: avoiding.
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Sellers, landlords, and real estate agents are required to include a ______ in the contract or lease if the real estate was built prior to 1978.
Sellers, landlords, and real estate agents are required to include a "Lead Warning Statement" in the contract or lease if the real estate was built prior to 1978.
What was Lead Warning Statement?Lessors must declare the existence of known lead-based paint and/or lead-based paint dangers in a home before renting out a pre-1978 property.
Reason for banning lead-based paints was-
If not handled appropriately, lead from paint, paint chips, and dust can pose health risks. Young children and expectant mothers are particularly vulnerable to the effects of lead exposure.The disclosure's goal is to make a buyer or tenant aware of any potential risks associated with lead-based paint in their future property.
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Which of the following is correct regarding expectancy theory? Group of answer choices Effort is only useful in improving motivation levels in employees with specialized jobs. It proposes that highly repetitive tasks directly increase employee attentiveness and decrease absenteeism. It states that work effort is directed toward behaviors that people believe will lead to the most favorable outcomes. Effort is made up of three independent components of which only one component affects motivation.
"An effort is only useful in improving motivation levels in employees with specialized jobs" is correct regarding expectancy theory.
What is expectancy theory?Victor Vroom of the Yale School of Management put forth the expectation hypothesis in 1964. According to the expectation theory, a person's motivation is determined by their level of desire for a reward, their assessment of the likelihood that their efforts will result in the expected performance (Expectancy), and their conviction that their efforts will pay off once they meet their expectations (Instrumentality).
Expectancy is the conviction that stronger efforts will yield better results. Expectations are affected by things like having the necessary skills to do the job, having access to the resources you need, being able to receive the information you need, and receiving the necessary support to get the task done.
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On May 31, Money Corporation's Cash account showed a balance of $13,500 before the bank reconciliation was prepared. After examining the May bank statement and items included with it, the company's accountant found the following items: Checks outstanding $ 3,050 Deposits outstanding 2,900 Non-sufficient funds check 170 Service fees 95 Error: Money Corporation wrote a check for $95 but recorded it incorrectly for $950. What is the amount of cash that should be reported in the company's balance sheet as of May 31
The amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
What is a balance sheet?A balance sheet also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status." The balance sheet is the only one of the four fundamental financial statements that only apply at one particular period in a company's fiscal year.Solution -
Deposits outstanding = $3,050 (+)
actual amount on check my Money corporation = $95 (+)
Service fees = $170 (-)
∴ [tex]3050+95-170=2975[/tex]
So, the amount of cash that should be reported in the company's balance sheet as of May 31 is $2,975.
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Daniel has been working hard all year and just received a bonus check from his employer. Rather than spend
it now, Daniel stores all his money in a high-yield savings account because he is planning to buy a boat in
the future. Daniel is using money as a
a: store of value
b: medium of exchange
c: source of inflation
d: unit of account
Answer:
Store of Value.
Explanation:
Money will successfully function as a store of value when it’s easy to store and it can reliably hold its value over time.
On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:
The amount of interest revenue that will be recorded in the books of Jovel Company as on December 31 will be $1,000.
What is interest revenue?The revenue which is generated by a company by the way of earnings made through interest over debts during a financial period is known as an interest revenue.
Using the above information, it can be ascertained that the total interest revenue over a loan of $100,000 will be $6,000, however, it was issued on November 1, and accounts close on December 31, so the interest revenue for 2 months will be computed as under,
[tex]\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{Total\ Interest\ Revenue}{12}\ x\ No.\ of\ Months\\\\\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{6000}{12}\ x\ 2\\\\\rm Interest\ Revenue\ for\ 2\ Months= \$1000[/tex]
Thus, the interest revenue has been computed as above.
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The certificate of appointment to petty officer second class is what navpers form.
The NAVPERS Form "1430/8 (USNR)" is allocated on the certificate of appointment to petty officer second class.
What is a navpers form?These numbers are allocated to an enlisted Personnel Action which was automated to provide a standard Navy-wide format for authorized command.
Hence, the NAVPERS Form "1430/8 (USNR)" is allocated on the certificate of appointment to petty officer second class.
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How and why do economic actors analyze opportunity costs to determine which goods or services they should specialize in?
A model used to illustrate the trade-offs related to splitting resources between the production of two items is called the Production Possibilities Curve (PPC).
How do economic actors calculate costs to specialize products?The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.
Exchange possibilities that lead to consumption opportunities outside of the PPC are the consequence of production specialization based on comparative advantage rather than an absolute advantage.
In contrast to what would have been achievable domestically, trade between two agents or countries enables the countries to enjoy a higher overall output and level of consumption.
PPCs can be used to decide who should specialize in a certain good as well as opportunity costs and comparative advantages.
A nation or individual will be able to consume at a point beyond its PPC through specialization and commerce, assuming the terms of trade are advantageous (for example, offering each agent a cheaper opportunity cost than could be accomplished without trade).
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What would bill fall under, he applied and acquired for a new credit card and uses it regularly?
If he applied and acquired for a new credit card and uses it regularly he will fall under: Voluntary.
What is credit card?Credit card can be defined as the card that enables the card holder to carryout transactions such as purchases online in which the holder is expected to payback the amount used for the purchases.
If a obtain a new credit card which he use often or frequently, bill will tend to fall under voluntary because he voluntary applied for the credit card without being comply to do so.
Therefore bill will fall under voluntary.
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Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Open innovation change that adds value to be product or service
Practices and processes that encourage the use of external as well as internal ideas in order to create new products and services is known as Blank______ innovation.
Innovation is the incarnation of creativity into a usable product or service. In the entrepreneurial environment, invention is any new idea, process, or product, or a change to be product or process that adds value to that being product or service.
Open innovation is principally a volition to this conventional system of doing invention where information has to stay within preset confines.
A mindset, if you will, of being open to sharing and entering information.
This companion explains how you can make invention a crucial business process and outlines the different approaches you can take. It gives you advice on planning for invention and creating the right business terrain to develop your ideas. It also outlines the help and support available to innovation businesses.
The business case for innovation Approaches to invention Planning Encourage invention in your business Backing innovation
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Money is a. the most liquid asset and a perfect store of value. b. the most liquid asset but an imperfect store of value. c. not the most liquid asset but a perfect store of value. d. neither the most liquid asset and nor a perfect store of value.
Although it is the most liquid asset, money is a flawed store of value. M1 is recognized as the measure of the money supply that is the most precisely specified.
What is term money?
Money is a good that is widely acknowledged as a means of economic exchange.
Because of inflation, money is actually an imperfect store of value. A monetary system where gold or silver, for example, is used as the actual medium of exchange. A form of money where paper money is backed by gold.
As a result, option (b) is correct.
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In a(n) ______, occupations devoted to the teaching, generation, or dissemination of ideas are common, and jobs in such fields as advertising, human resources, and computer information systems are typical.
In a post-industrial society, occupations devoted to the teaching, generation, or dissemination of ideas are common, and jobs in such fields as advertising, human resources, and computer information systems are typical.
What is a post-industrial society?A post-industrial society is a society marked through a transition from a manufacturing-primarily based completely monetary device to a carrier-based financial system, a transition this is additionally associated with the following societal restructuring.
One of the most prominent examples of put up-commercial societies is the US, which is the primary US to have had extra than fifty percent of its employees inside the carrier enterprise instead of the production industry.
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the belief that cutting taxes for the rich will eventually result in economic benefits for the poor is commonly referred to as ________.
There is a belief that cutting taxes for the rich can result in economic benefits will result better for the poor is most commonly known as the Trickle down economics.
What is a Tax?A tax is a amount that is payable by the citizens of a society to the ruling government who uses this tax amount to spend on the well being of the society. A perfect balance of the tax amount/rate is important in order to help the society and to keep the citizens satisfied.
The tax is imposed on the companies and the individuals who earn more than the given threshold limit
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In what kind of nation are members of a society most likely to have good educational opportunities?
a developing nation
a developed nation
a country emerging from an economic and political crisis
an underdeveloped nation
Answer:
a developed nation for states
Blank include long term investments such as real estate and retirement savings
A capital market is the market that include long term investments such as real estate and retirement savings.
What is a capital market?This refers to financial system that is particularly concerned with raising capital by dealing in shares, bonds, and other long-term investments.
Hence, because real estate and retirement savings forms part of long-term investments, they are part of capital market.
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Answer: Nonliquid assets
Explanation:
Country M wants its regional trading group of countries to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) ________.
Country M wants its regional trading group of countries to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) Economic Integration.
What Is Economic Integration?
Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.
Economic integration is sometimes referred to as regional integration as it often occurs among neighboring nations. Economic integration refers to the agreement between the economies of the world in a given geographic region in order to reduce trade barriers such as removal of trade tariffs, free flow of goods, etc. This facilitates global trade and economic cooperation wherein the countries engage them in encouraging and promoting the trade business of each other.
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Which of the following will probably happen to a product when demand is low?
A. The price will go up.
B. The price will go down.
C. The price will stay the same.
D. The price will change based on inflation.
Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable
In the context of contracts formed by promises, a bilateral contract is defined as: Multiple Choice an agreement in which a promise is made in exchange for performance. an agreement wherein at least one party has the right to withdraw without incurring liability. a judicial remedy to prevent one party from receiving unjust enrichment. an agreement containing mutual promises. one that appears to be an agreement but lacks an essential requirement for validity.
An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.
How do bilateral contracts work?A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and execute one-half of a deal. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.
Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).
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Globalization as an apparent universal civilization revolves around the emergence and spread of common systems, including but not limited to, political relations, economic transactions, technology creation / transfer, and
Globalization is an apparent universal civilization that revolves around the emergence and spread of common systems that include, but are not limited to, political relations, economic transactions, technology creation/transfer, and Cultural Influence.
What is Globalization?Globalization refers to the process of spread of financial products, goods, technology, information, and jobs across national borders and cultures.
It is the growing interdependence of the world's economies, cultures, and populations that is brought by cross-border trade in goods and services.
It has increased the interconnection of local and nationalistic economies across the world.
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