Cost creates competitive advantage as reduction in cost in manufacturing brings economy of scale and higher profit margin of a product to the organization. It brings the ability for the manufacturer to reduce the price and compete well in the market. So, it brings the competitive advantage.
First-class of the product creates excessive value proposition and tremendous emblem positioning many of the target audience. Besides, the conformance to quality is the differentiation aspect and builds sturdy advice. It acts as a competitive advantage.
Time is a crucial aspect as manufacturing and shipping of products on time offer serviceability to the clients on time and reduces the scope of stock-out. It way that clients continually get the product on time and it acts as an aggressive advantage.
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You are working on a project with a pv of $56,733 and an spi of 1,2. what's the earned value of your project?
You are engaged in a project with an SPI of 1.2 and a PV of $56,733. Your project has an earned value of $68,079.60.
The schedule performance index (SPI), which compares the project's progress to the schedule, is a gauge of progress. It is determined as a ratio by subtracting the planned value from the budgeted cost of work completed.
The project manager will have a value of less than 1 (project behind schedule), greater than 1 (project on schedule), or 1 using the formula SPI = EV / PV (project ahead of schedule). To calculate the percentage of the work that is either behind or ahead of the scheduled timetable, subtract 1 from the SPI calculation that results.
The formula for SPI is:
SPI = EV ÷ PV.
So you just need to fill in the numbers you know, which gives you
1.2 = EV ÷ $56,733.
Now turn it over.
You have EV = 1.2 x $56,733, which multiplies to $68,079.60.
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The revenue for a firm is $2,500,000. its cost of revenue is $850,000, and its average inventory for the year is $62,000. (round your answer to the nearest 0.00.) the firm's inventory turnover is:____.
The inventory turnover ratio is 13.71
The inventory turnover is a measure of the variety of instances inventory is sold or used in a time period which includes a year. it is calculated to look if a commercial enterprise has an immoderate stock in contrast to its income degree.
Inventory turnover is the charge that inventory is sold, used, and replaced. The stock turnover ratio is calculated by dividing the price of goods by way of the common inventory for the identical period. A better ratio tends to point to strong income and a lower one too vulnerable income. an awesome inventory turnover ratio is between 5 and 10 for maximum industries, which suggests that you sell and restock your inventory each 1-2 months. This ratio moves great stability among having sufficient stock reachable and no longer having to reorder too frequently.
Inventory turnover ratio
= cost of goods sold / average inventory
= $ 850,000/$62000
= 13.71
∴ The inventory turnover ratio is 13.71
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Marketers routinely monitor both consumer income and the index of consumer confidence, due to the importance of understanding _______________.
Marketers routinely monitor both the income of the customer and the index of consumer confidence due to the importance of understanding customer willingness to buy.
The customer's willingness to buy and the customer buying the goods are very important in the economy. As the goods of the economy are produced only for the customers. So if the customer is not willing to buy then the resources that were used to make the goods get wasted. So this is a very important feature for marketers to understand.
Consumer's income is the income that is in amount that is there in the hands of the customer which he uses to buy the goods he requires. The consumer confidence index is an indication of future developments regarding the consumption of households and saving. This is based on the replies they give regarding their expected financial situation decisions.
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When a business mistakenly claims too little depreciation for the prior year, the business may elect to increase future depreciation to make up the difference allowable depreciation. True or false?.
False because the business cannot choose to increase depreciation in the future to cover the allowable depreciation difference
Depreciation is a way of calculating the value of assets in a business. In general, in the accounting world, it is explained by the calculation of profit, loss, debit, credit, capital, and other financial problems. Whereas in accounting science is also related to many things, including depreciation that can be used in the calculations of the business world. In addition to the calculation of the business world, depreciation can also be applied to calculate the value of other assets in everyday life.
The following are characteristics of Fixed Assets Depreciation:
Depreciation is a decrease in the value of fixed assets (except land). The reduction in asset value is permanent. Once reduced, it cannot be returned to its original value.Depreciation is a progressive and continuous process that reduces the value of an asset, either with the use of the asset or as time passes.Depreciation is not an asset evaluation process, but is a process of assigning an asset cost to the actual period of useDepreciation reduces the book value, not the market value of the asset.Depreciation is only used for fixed assets. This depreciation is not used for intangible or disposable assets.You can learn more about Depreciation here brainly.com/question/15085226
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Which is an action you should coordinate with the apc before you start a permanent change of station (pcs) move?
Before you start a Permanent Change of Station (PCS) move ensure your IBA is placed into a PCS and Mission Critical Status.
What is permanent change of station?
In the United States Armed Forces, a apermanent change of station is the assignment , detail or trnsfer of a member or unit to a different duty station under competent orders which neither specify the duty as temporary nor provide for further assignment to a new station nor direct return to the old station.
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The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, eatons customers tried to cut cost and lower their production. This in turn affected eatons sales negatively, which is an example for _______.
The economic crisis in 2008 had a huge impact on eaton’s business to business customers. In response to the crisis, Eaton's customers tried to cut costs and lower their production. This in turn affected eatons sales negatively, which is an example for solutions selling.
From peak to trough, US gross domestic product fell by 4.3 percent, making this the deepest economic crisis recession since warfare II. It absolutely was also the longest, lasting eighteen months.
The per centum quite doubled, from 5 percent to 10 percent. The collapse of the housing market — fueled by low interest rates, easy credit, insufficient regulation, and toxic economic crisis subprime mortgages — led to the slump. The good Recession's legacy includes new financial regulations and an activist Fed.
Of 198 Countries, compared to the proportion change in GDP between 2007 and 2009, the foremost impacted countries are predominantly Eastern European and trade-dependent economic crisis advanced economies. One of the foremost visible aspects of the recession, job losses and unemployment are known to be related to increased stress, poorer health outcomes.
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According to the basic dupont equation, a firm's roa is the product of what other two ratios?
According to the basic DuPont equation, a firm's roe is the product of profit margin multiplied by asset turnover multiplied by financial leverage.
The ratio of total sales or revenue to average assets is known as asset turnover. Investors can use this measure to gauge how well a company is utilizing its resources to drive sales. Investors analyze similar businesses in the same industry or group using the asset turnover ratio.
Leverage in finance refers to borrowing money to acquire more assets. To raise the return on equity, leverage is used. However, using too much financial leverage makes it harder to pay off debt, which raises the chance of failing.
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Joanne invested $15,000 six years ago. her arithmetic average return on this investment is 8.72 percent, and her geometric average return is 8.50 percent. what is joanne's portfolio worth today?
Joanne invested $15,000 six years ago. Her arithmetic average return on this investment is 8.72 percent, and her geometric average return is 8.50 percent.
Joanne's portfolio worth today:-
USE GEOMETRIC RETURN.
8.5%
108.5%
108.5% ^ 6 years = 1.6315
$15,000 x 1.6315 = $24,472
The mathematical average of a series of returns that have accumulated over time is known as the average return. The total return throughout a time period divided by the total number of periods is the definition of average return in its simplest form.
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If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales?
Finance, financing, is the process of raising funds or capital for any kind of expenditure. It is the process of channeling various funds in the form of credit, loans, or invested capital to those economic entities that most need them or can put them to the most productive use.
External Financing needed = Increase in assets - Increase in liabilities - Increase in retained earnings
Income statement
2014 Projected
Sales $753,000 $941,250
Costs $588,000 $735,000
Other Expenses $24,000 $30,000
EBIT $141,000 $176,250
Interest Paid $10,000 $10,000
Taxable Income $131,000 $166,250
Taxes (40%) $52,400 $66,500
Net Income $78,600 $99,750
Dividend (40%) $31,440 $39,900
Addition to retained earnings $47,160 $59,850
Increase in assets = 2014 assets * Sales growth rate = $335320 *25% = $83830
Increase in liabilities = 2014 Accounts Payable * Sales growth rate = $55400 * 25% = $13850
Increase in retained earnings = $59850
External Financing needed = $83830 - $13850 - $59850
External Financing needed = $10130
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The institute of management accountants (ima) issues the _______ _ ____ certification.
The Institute of Management Accountants (IMA) is a prestigious association that works globally for the provision of business professionals.
The main objective of IMA is the advancement and promotion of business management for better education regarding finance, monetary, and business studies. IMA issues the certificate called CMA, Certified Management Accountant.
This certificate is too good as it shows that certain accountants having this certificate has extreme skills in strategic management and can actively manage prestigious tricky tasks.
Also, this certificate has practical importance for people who wants to pursue financial accounting as a field. This certificate grasps global acknowledgment.
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An internal corporate-wide area network that uses internet technology to connect computers and link employees in many locations and with different types of computers is known as what?.
An internal corporate-wide area network that uses internet technology to connect computers and link employees in many locations and with different types of computers is known as Intranet.
A company's employees utilize an intranet, which is a private computer network, for communication, teamwork, operational systems, and other computing services.
Business intranets foster internal communication. Access to important information, tools, links, forms, and databases of company records is made simple for employees. A database containing all the usernames of employees with network access credentials is routinely used to maintain intranet security.
Some potential benefits of adopting an intranet include the following:
Enhanced internal communication, collaboration, and information sharing; simpler recordkeeping; more effective request tracking. The location where fresh ideas can be tried before being added to a firm website. An improved workplace culture that prioritizes and fosters involvement. A profitable return on investment as a result of lower implementation and maintenance expenses.Learn more about Intranet here:
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Another term for factors of production is:________
a. inputs.
b. output.
c. goods.
d. services.
So the option a(input) is the correct answer.
Factors of production are also known as production inputs. Inputs are factors of production because they are the inputs used in the production of output (goods and services).
Factors of Production:
The inputs needed to produce goods and services in the economy are known as factors of production. The factors are land, labour, capital, and entrepreneurship. The resources required to supply a good or service, as determined by a country's gross domestic product, are one of the four components (GDP).
The term "production" in the context of factors of production refers to the process of transforming inputs into outputs, which are finished goods that may be sold as a good or service. To do this, the input will travel through a manufacturing process and different stages before reaching the hands of customers.
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You are running a small business and are thinking about ways to increase your profits. Assume you are facing an elastic demand. Would you raise or lower your prices?.
You run a business and are wondering how to increase your profits. Suppose you are faced with elastic demand. We don't know, because we don't know how much the cost versus revenue will change.
The act of making a living or earning income from the production, acquisition and sale of goods is called a business (such as goods or services). It also includes "any commercial activity or enterprise." The company owner is responsible for all obligations of the company, as the business entity is not legally distinct from the owner by using the company name. If the company becomes indebted, creditors can seize the owner's private property. Corporate tax rates are not allowed in company structures. All commercial income is subject to personal taxation by the owner.
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For an entire economy, the production possibilities frontier is going to be bowed out because?
Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.
What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.
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How+many+years+would+it+take+before+you+had+$484,012+in+your+bank+account+if+you+deposited+$40,000+today+in+a+bank+that+pays+12%+interest+annually?
22 years it would take before one had Rs 484,012 in bank account as if one deposited Rs 40,000 today in a bank that pays 12% interest annually .
On what basis bank pays interest annually ?
Investors can maximize the return on their savings by understanding how interest is calculated for savings accounts. The compensation a bank or other financial institution gives a depositor for keeping their money in a savings account is known as interest. By using the money placed to lend money to other customers, a bank effectively borrows money from its depositors. The bank then pays interest to the depositor on the balance of the depositor's savings account while concurrently charging the borrowers of loans a greater interest rate than that which was paid to the depositors.
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What is a collaborative website that allows users to add, remove, and change content?
Wiki may be a collaborative website that allows users to add, remove, and alter content.
What are collaborative websites?
A collaborative website may be a website that implements the principle of user collaboration, which incorporates the ability to provide input, access common files and otherwise work collaboratively on the online .
Is a collaborative website where users can publish and modify content on a webpage?
Wikipedia may be a collaborative website where a team of people can publish or modify content on a webpage. it's advised to fully charge the battery of a laptop before using it the first time. Wolfram Alpha is an example of an enquiry tool that can help you solve factual questions to help complete homework.
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what is business organization
Explanation:
The term business organization describes how businesses are structured and how their structure helps them meet their goals. In general, businesses are designed to focus on either generating profit or improving society. When a business focuses on generating profits, it is known as a for-profit organization. When an organization focuses on improving the social good through the arts, education, health care, or some other area, it is known as a nonprofit (or not-for-profit) organization and is not typically referred to as a business.
What is the most commonly used base item for a common size income statement?
a. net sales
b. total assets
c. stockholders' equity
d. total liabilities
a common size income statement's total sales or total revenues basic item, which is most frequently utilized.
What Exactly Are Gross Sales?
Gross sales is a measurement of a company's overall revenues that are not adjusted for the expenses incurred in creating those sales. By adding together all sale invoices or associated revenue transactions, the gross sales formula is computed. The operating costs, tax expenses, and other charges that are subtracted to get net sales are not included in the total of the gross sales, though.
Although gross sales can be a useful tool, particularly for retail establishments, they are not the sole indicator of a company's revenue.
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If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to ______
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
What is substitutes in production?
Two or more products that can be created using the same resources are considered substitutes-in-production. Sellers are prevented from using resources to make another good when they produce one. Produce either the first or the second, but not both. Producing alternative crops like corn or soybeans is a common challenge for farmers.
Therefore,
If corn and cotton are substitutes in production, a fall in the price of corn will cause the supply of cotton to increase.
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What do actuators define? the information an agent can see it defines the evaluation strategy it defines the world mathematically how the agent can change the world
An actuator may be a device that produces a motion by converting energy and signals going into the system.
The motion it produces are often either rotary or linear.
Linear actuators, because the name implies, produce linear motion.
Agent evolution strategies that change the world :
The notion of what an agent should do at a moment is generalized to yield a notion of what the agent ought to do over extended periods of time. this needs us to develop the notion of a strategy as a function from moments to actions available at those moments and appropriate notions of strategic dominance. A strategic ought operator is introduced and wont to analyze the debate between actualizes and possibility concerning the ways in which an agent's obligations depend on his or her future actions.
What is the role of an actuators?
An actuator may be a part of a device or machine that helps it to achieve physical movements by converting energy, often electrical, air, or hydraulic, into mechanical force. Simply put, it's the component in any machine that enables movement
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If the price elasticity of demand for a good is 1.4, then a 14 percent increase in the quantity demanded must be the result of:________
If the price elasticity of demand for a good is 1.4, then a 14 percent increase in the quantity demanded must be the result of a 10 percent decrease in the price.
What is Price Elasticity?Price elasticity describes how the amount of an item that is provided or sought changes when its price changes. In other words, it gauges how consumers react when a product's price changes.
How changes in price impact the amount of a good that is requested is known as price elasticity of demand. Price elasticity of supply, on the other hand, describes how variations in price impact the amount of an item that is delivered.
The change in consumption of a product in response to a change in its price is gauged by the term "price elasticity of demand." Mathematically speaking, it is:
Price Elasticity of Demand = % Change in Demanded Quantity - % Change in Price
Price elasticity helps economists comprehend how a product's supply and demand fluctuate as a result of price fluctuations.
Supply has a price elasticity supply, which is similar to the elasticity of demand. The link between supply and price change is referred to as the price elasticity of supply. The formula for calculating it is to divide the percentage change in price by the percentage change in quantity supplied.
Therefore what products are produced at what prices depends on the two elasticities together.
Thus, elasticity is important in determining the price of the product.
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What is the value in year 3 of a $10,000 cash flow made in year 20 if interest rates are 5 percent?
After the interest rate is raised, the present value of this cash flow will fall.
The method we use to determine present value is as follows:
PV = FV / (1 + r)n, where
the current value, or PV
FV stands for future value, which in the aforementioned query is $10,000 cash flow.
The interest rate is represented by r, the discount rate.
In the aforementioned question, n is the number of discounting periods, which is one year.
Therefore, the denominator (1+r)n will increase if the interest rate increases. Then, PV will fall if FV stays constant.
So, After the interest rate is raised, the present value of this cash flow will fall.
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To be cognitively flexible requires flexibility, but if the firm keeps changing based on minor changes in the market, the buyers will become confused. is adaptation always a good thing?
The effectively thinking process helps entrepreneurs to make their decisions in uncertain or adverse environments. When entrepreneurs deal with such uncertainty, they must remain flexible in the way that they think and in their actions. Entrepreneurs can keep the process of awareness of their thought processes and what they're doing for the purpose of greater development and greater cognitive adaptability.
As per the definition of traditional Entrepreneurship, it is the process of designing the structure of the organization, launching and running a new business, which basically starts as a small business, such as a start-up company, offering their product, keeps going through their process or service for sale or hire, and the people who do the entire activity are called 'entrepreneurs.
When an entrepreneur keeps their steps after thinking hundred times then it means the chances of doing a mistake are less. it's better to take the right decision late rather than take a decision without any judgment and in hurry. In every business organization, there is the involvement of risk and uncertainty so when entrepreneur think every time before taking any kind of wrong decision it will help them to protect themselves from any types of uncertainty and give protection from facing loss. Cognitive flexibility always allows one to entrepreneur analyze a situation and come up with alternative plans to meet organizational goals or requirements. The flexible thinking process is one of the ability to judge things from different perspectives and find alternative approaches to the challenges and changes that businesses can face in near future. When an entrepreneur takes all the decisions after taking so many precautions analyzes all the uncertainties so in this regard getting success is easy, not difficult.
The importance of adapting to change in the business organization, the decision should be taken by owners. They must know about what changes need to happen so that they can continue providing a great experience for their consumers. The benefits of change in business can be seen in every situation like how technology is adopted by most of them and with the help of social media how a company can create its customer base.
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Which actor in the simplified circular flow model is on the supply side of the factor market?
There are only two economic actors in the condensed circular flow diagram: businesses and households. Government, international markets, banking systems, and other institutions are all depicted in more detail in circular flow diagrams, but these topics are usually beyond the scope of an introductory course.
The circular flow is the continuous flow of income, expenditure, and the production of goods and services in an economy. It demonstrates the circular redistribution of income between the production unit and households. These include entrepreneurship, labor, capital, and land.
A model of the economy known as the circular flow of income or flow is one in which the main exchanges between economic agents are shown as flows of money, goods, and services, etc. In a closed circuit, the flows of money and goods are equivalent in value but move in the opposite direction.
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The fed's role in the credit crisis of 2008 quantitative easing is an example of?
The Fed started four rounds of QE in 2008 to combat the financial crisis. From December 2008 to October 2014, they existed. Because its other tools for expanding monetary policy had run out, the Fed turned to quantitative easing (QE). Both the discount rate and the Fed funds rate were 0.
When the value of financial assets and instruments significantly drops, a financial crisis has occurred. As a result, companies struggle to pay their debts, and financial institutions are unable to fund projects or meet urgent needs due to a lack of available cash or convertible assets.
Any situation where important financial assets, like stocks or real estate, suddenly experience a sharp decline in value is generally referred to as a financial crisis. Periods of economic boom and excessive lending to borrowers frequently precede them.
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The general abilities to understand, alter, lead, and control the behavior of individuals and groups are ________ skills.
The general abilities to understand, alter, lead, and control the behaviour of individuals and groups are conceptual skills.
Conceptual skills are cognitive abilities that enable you to comprehend complicated concepts and find solutions to challenging issues. Conceptual skills abilities are beneficial because they enable individuals to utilise intentional thought and abstract reasoning to come up with several answers for various problems. Another illustration of Conceptual skills is the capacity for problem-solving. Conceptual skills abilities necessitate the capacity for rapid decision-making. Making decisions, exercising critical and logical thought, multitasking, and troubleshooting are some examples of Conceptual skills. You can anticipate problems, come up with ideas for solutions, and comprehend the strategic large picture that underpins a company's day-to-day operations using Conceptual skills. Conceptual skills are beneficial in any function, but they are crucial for those in administrative positions.
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Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called:_______
Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called: Activity Ratios.
Activity Ratio: A financial indicator called an activity ratio shows how effectively a company is using the assets on its balance sheet to produce revenue and cash.
Examples: Current ratio, Quick ratio, asset turnover ratio, inventory ratio, account receivables turnover, etc
These are also known as Asset Utilization Ratios or Efficiency Ratio.
Ratios that help determine the efficiency with which a company manages its day-to-day tasks and assets are called: Activity Ratios.
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______, or the ability to analyze large data sets, is increasingly becoming more popular in hr departments around the world.
The ability to analyze productivity or large data sets is becoming more and more popular with HR departments around the world.
A department is an administrative or political department in many countries. The departments are first-class departments in 11 countries, 9 in the Americas and 2 in Africa. An additional 10 countries use departments as tier 2 departments, eight in Africa and one each in the Americas and Europe.
A department is a group of faculty members with experience in a particular discipline (or discipline) and offers courses (usually degrees) in that discipline. The faculty consists of all teachers specializing in a specific subject. • A chair is a unit within a university that focuses on a specific area and is made up of faculty, students, supported ideas, and the infrastructure itself.
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_____ is credited with proposing the first rational explanation of why people get sick.
Hippocrates is credited with proposing the first rational explanation of why people get sick .
What is meant by Hippocrates ?
The Hippocratic Oath is an ethical oath that doctors have historically taken. One of the most well-known Greek medical texts is this one. In its original form, it calls for a new doctor to vow before a number of healing deities to uphold a set of moral principles. The oath established a number of medical ethics concepts that are still of utmost importance today. It was the first Western declaration of medical ethics. These include the non-maleficence and medical confidentiality rules. The ancient text has significance beyond its historical and symbolic worth because it was the first to express key concepts that still serve as a foundation for and inform medical practice.
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Starbucks offers _______ agreements for many of its stores which include equipment, training, and support. in this type of agreement, starbucks receives commissions or royalties on sales.
Starbucks offers Licensing agreements for many of its stores which include equipment, training, and support. in this type of agreement, Starbucks receives commissions or royalties on sales.
What is the Licensing in regards to business?The term is one that connote the act or the process of providing or getting permission to have, make, or use a thing that another person or firm has made or owns:
Note that this form of market stands for a growth area for the company that are involved.
Therefore, Starbucks offers Licensing agreements for many of its stores which include equipment, training, and support. in this type of agreement, Starbucks receives commissions or royalties on sales.
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