general electric is pricing its new food processor thus. year 1: $800, year 2: $600, year 3: $ 500, year 4: $550, year 5: $400 this is price skimming. true or false. briefly explain.

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Answer 1

This statement is true. The given example indicates price skimming. Price skimming actually refers to the strategy of keeping the initial price of a product higher and lowering it over time by the firm.

When a firm introduces a product in the market, it keeps the price of the product higher to see if the product is being successfully demanded and sold to the consumers at this price. When the firm succeeds at meeting the demand of the first set of consumers, it lowers the price of its product in the subsequent stages to attract price-sensitive consumers and to compete with its substitute firms. This strategy is mainly taken by a firm when the demand for its products decreases due to the entrance of competitors who are able to charge lower prices for the same product. Then, the firm is forced to make the price of its product lower over time.

Rate skimming is a rate-putting strategy that a firm can rent when launching a product or service for the first time. By following this rate of skimming technique and shooting more earnings a firm is able to recoup its sunk costs faster, in addition, to profit off of a higher price within the market before new competition enters and lowers the market fee. It has emerged as an exceedingly commonplace practice for managers in new and developing markets, introducing costs high and losing them over the years.

charge skimming is sometimes known as using down the demand curve. The objective of a price skimming method is to capture the consumer surplus early in the product existence cycle on the way to make the most a monopolistic role or the low fee sensitivity of innovators.

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Related Questions

a recent study of north american and european corporations indicated that the need to was considered the most important external issue affecting their marketing strategies? group of answer choices

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A recent study of North American and European corporations indicated that the need to stay cost competitive was considered the most important external issue affecting their marketing strategies.

A organisation is an agency—usually a group of people or a employer—legal by way of the nation to behave as a unmarried entity (a legal entity recognized by way of personal and public regulation "born out of statute"; a prison person in felony context) and recognized as such in law for positive functions.[1]: 10  Early included entities had been installed by constitution (i.e. with the aid of an ad hoc act granted by means of a monarch or passed through a parliament or legislature). most jurisdictions now allow the creation of latest agencies through registration. corporations come in many differing types but are usually divided with the aid of the law of the jurisdiction wherein they may be chartered based totally on two elements: via whether or not they are able to difficulty stock, or by way of whether they're fashioned to make a earnings.

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we also discovered that the socially optimal level of this activity would be systematically different than what the market would produce. explain that difference

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The sum of a product's external benefits and its private marginal benefit is its marginal social benefit. It implies that the complete marginal utility of the manufacturing unit is provided to society by the marginal social benefit. MSB = MPB + External Benefits.

The happiness felt by consumers of a particular good give or take the overall social and environmental costs or benefits is known as the marginal social benefit. Marginal social gains, for instance, are greater than marginal private benefits if there are positive externalities of consumption. The portion of the marginal benefit of an activity that is received by its operators is known as the marginal private benefit.

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Complete Question:

In the lecture videos, we discovered that when an activity also produces a positive externality, the marginal social benefit (MSB) from that activity was different than the marginal private benefit (MPB) curve (the MPB is also known as our demand curve).

find the present value of $17,000 over a term of 4 years at an annual interest rate of 8% if interest is compounded: a. annually b. quarterly a. $23,128.31 b. $23,411.17 a. $12,495.51 b. $12,344.53 a. $12,495.51 b. $12,383.58 a. $23,128.31 b. $23,337.36

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(a) Annual Compound Present Value = $12495.51

(b) When compounded quarterly, present value equals $12383.58.

The value of an anticipated income stream as of the valuation date is known as the present value (PV), commonly referred to as the present discounted value (PDV), in economics and finance. Because money has the potential to earn interest, a quality known as the time value of money, the present value is typically less than the future value, with the exception of periods of zero or negative interest rates, in which case the present value will be equal to or greater than the future value.

Present Value = ?

Time (t) = 4 years

Interest Rate (r) = 8% = 0.08

(a) COMPOUNDED ANNUALLY:

n = 1

[tex]A = PV (1 + \frac{r}{n})^{nt}[/tex]

17000 = PV [1 + (0.08/1)]¹ˣ⁴

PV = 17000 / (1.08)⁴ = 12495.5075

Therefore, Present Value when compounded Annually = $12495.51

(b) COMPOUNDED QUARTERLY:

n = 4

[tex]A = PV (1 + \frac{r}{n})^{nt}[/tex]

PV = 17000 / (1.02)⁴ˣ⁴

PV = 17000 / (1.02)¹⁶ = 12383.58

Therefore, Present Value when compounded Quarterly = $12383.58

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suppose that the federal reserve has a 2% target on inflation. if actual inflation is 1%, then the fed will want the new real interest rate to be: equal to the inflation rate. lower than the neutral interest rate. higher than the neutral interest rate. equal to the neutral interest rate.

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Text version of the image: Assume that the Federal Reserve has set a 2% inflation target. The Fed will want the new real interest rate to be: lower than the neutral interest rate, O equal to the inflation rate if actual inflation is 1%.

What does 2% inflation actually mean?

Calculating the percentage change from a year ago is a typical practice. For instance, a price index that is 2% higher than it was a year earlier would represent a 2% inflation rate.

Why does the Fed want inflation to be 2%?

Technically speaking, the majority of price indices are biased positively; 2% inflation probably represents lower "actual" inflation. The Fed can set "neutral" nominal interest rates higher with a non-zero inflation target than it could without one, giving it more leeway to lower rates when necessary to boost the economy.

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the financial statements for highland corporation included the following selected information: common stock $1,600,000 retained earnings $900,000 net income $1,000,000 shares issued 90,000 shares outstanding 80,000 dividends declared and paid $800,000 the common stock was sold at a price of $30 per share. required: what is the amount of additional paid-in capital? what was the amount of retained earnings at the beginning of the year? how many shares are in treasury stock? compute earnings per share (assume the weighted average shares outstanding is equal to the shares outstanding).

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Shares issued, 92,000; Shares outstanding, 78,000; Common stock, $920,000; Retained earnings, $720,000; Net income, $1,110,000;

How do you define shares?

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual earnings in the form or dividends.

Why do people purchase stocks?

You have a potential of long-term capital growth by investing in shares. Additionally, you can profit from the company's dividend payments. In the event that you decide to sell your shares, you can do so promptly.

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network that covers entire geographical regions is most commonly referred to as a(n): O A. peer-to-peer network. OB. intranet. O c. wide area network. OD. local area network. O E. metropolitan area network.

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Network that covers entire geographical regions is most commonly referred to as a(n)  c. wide area network.

In the field of computer studies, a wide area network can be described as such a type of network that is present over a long geographical region. A wide area network is common to many geographical regions and is shared between them.

For example, a wide area network is the internet. The internet is present in many geographical regions of the world and people can communicate with each other via the internet. Files can also be transferred via the internet.

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when a high school graduate needs to make a decision between continuing his or her education or entering the job market, but he or she cannot go because he or she has limited means to pay for tuition, books, and incidentals, this is known as .

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When a high school graduate needs to make a decision between continuing his or her education or entering the job market, but he or she cannot go because he or she has limited means to pay for tuition, books, and incidentals, this is known as scarcity.

What is scarcity?

Scarcity refers to the fact that there are few resources compared with our needs and desires.

Scarcity can be with respect to any natural resources or with respect to any scarce commodity. In this case, scarcity refers to a high school graduate that doesn't have money to pay for his university and has to work. Another example can be the scarcity of water on the planet.

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Which of the following is a feature of an oligopoly market ? A) Each firm in this market earns zero economic profits.
B) There are no barriers to entry in this market.
C) Each firm's actions affect the decisions of its rivals in this market.
D) There are a large number of sellers in this market

Answers

Small numbers of suppliers control markets in an oligopoly. They exist everywhere and in a wide variety of industries. While some oligopoly markets are very competitive, others are just marginally so, or at least can seem to be.

Give an illustration of what oligopoly is ?

Oligopoly is a type of imperfect competition that is typically referred to as competition between a small number of parties. Consequently, oligopoly develops when there are two to 10 vendors in a market supplying similar or distinct goods. The market for cold drinks is an illustration of oligopoly.

Why is it known as an oligopoly?

An industry with a small number of active companies is referred to as a "oligopoly." No one company holds a sizable amount of market power in an oligopoly.

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pursuing its own best interest, lopes will a. increase the size of its store and parking lot regardless of the decision made by homemax. b. increase the size of its store and parking lot only if homemax also increases the size of its store and parking lot. c. increase the size of its store and parking lot only if homemax does not increase the size of its store and parking lot. d. not increase the size of its store and parking lot regardless of the decision made by homemax.

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Pursuing its own best interest, lopes will increase the size of its store and parking lot only if homemax also increases the size of its store and parking lot.

Homemax is in the industry of Retail Trade.

The two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Coming to the question, pursuing its own best interest, lopes will increase the size of its store and parking lot only if homemax also increases the size of its store and parking lot because if both posses same intention and area of interest then only the business grows and expands.

Therefore, the correct option is (B).

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Which of the following conditions make a good suitable for use as a medium of exchange? O A. The good must be acceptable to that is, usable by) most buyers and sellers. B. The good should be durable, valuable relative to its weight, and divisible. C. The good should be of standardized quality, so that any two units are identical. D. All of the above conditions must be met. What is fiat money?

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The item should be long-lasting, valuable in relation towards its mass, and divisible. A good is suitable to be used as a medium of exchange if the following conditions are met.

What exactly is meant by "exchange"?

The act of exchanging or receiving something in exchange for something else: trade. a prisoner exchange. : the process or act of replacing one item for another. : mutual wanting to give and receiving

What is a financial means of exchange?

A exchange medium is a device or system that facilitates the selling, purchase, or transfer of goods among parties. Currency is the exchange medium in modern economies.

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ohimark inc. is a large software firm interested in acquiring eppou inc., an app development company that is small but highly profitable. eppou inc. has a widely admired management structure and much lower attrition rates than are common in the industry. which of these problems should ohimark anticipate?

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The correct answer is the software firm may overpay for the app developer, poorly serving the software firm's shareholders.

How does software function?

This entails sending commands from the application software, via the system software, to the hardware, which eventually gets the command as machine code. Each instruction triggers a specific action on the computer, such as moving data, doing a calculation, or changing the order of instructions.

What does it mean to be software?

All of the programs, processes, and routines involved in running a computer system are collectively referred to as software. To distinguish these instructions from hardware, or the actual parts of a computer system, the word was created.

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the gift of the magi questions

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The Magi's Present Important Issues:

What more money had Della saved for Jim's present?

What is Jim's full name in the story "The Gift of the Magi"?

What does money mean to you?

Money is a centralized medium of exchange that is generally recognized, recognized, and facilitates the exchange of goods and services. In an economy, money serves as a medium of return for various services and goods. The money system differs between governments and countries.

What is the significance of money in life?

Money enables us to satisfy our most basic needs, such as purchasing shelter and food and paying for healthcare.

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upon graduating from college, anum receives a job offer across the country and moves there, giving up her apartment and cancelling all her other job interviews in the process. after she arrives, she is informed that there is no job. in most states, what may she recover?

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Nothing can be corrected after what he canceled everything, including the apartment and the job interview. but Anum can request to be transferred to another branch of the company instead.

A job interview is a form of formal and in-depth conversation held to evaluate applicants. The interviewer will seek from three basic questions namely can the applicant do the job? will the applicant do his job properly and precisely? and how the applicant compares to other applicants being considered for the job. In general, the stages of a job interview consist of five parts, namely interview preparation, briefing/creating relationships, exchange of information, termination, and evaluation.

The purpose of a job interview is as follows:

To know the personality of an applicant.To help employers identify suitable applicants for job offers.To find relevant information required in the job requirements.To obtain additional information needed for positions and companies.

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a brand, a corporate or store name, or a distinctive symbol that identifies the seller's brand and thus differentiates it from the products of other sellers is called a .

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A brand, a corporate or store name, or a distinctive symbol that identifies the seller's brand and thus differentiates it from the products of other sellers is called a trademark.

Any term, phrase, symbol, design, or combination of these that distinguishes your products or services might be considered a trademark. Customers use it to recognise you in the marketplace and set you apart from your rivals. Both trademarks and service marks are included under the umbrella term "trademark."A registered trademark in special form format is an example of the golden arches logo from McDonald's. By merging the stylised word "Nike" with their "swoosh" emblem, the corporation Nike registered this trademark in a unique form format.A trademark is a form of intellectual property that consists of a recognizable symbol, design, or expression used to identify goods or services as coming from a certain source and set them apart from those offered by other parties. The owner of a trademark may be an individual, a company, or another legal body.

Thus the answer is trademark.

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A series of budgets for varying rates of activity is termed a(n) a. flexible budget b. variable budget c. master budget d. activity budget

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A series of budgets for varying rates of activity is termed a. flexible budget.

Explain in detail.

Budgets that are flexible can be changed to reflect changes in revenue and expenses during the fiscal year, taking into account anticipated unpredictability.

With a flexible budget, it is simple to demonstrate that even if expenses for a given month may have exceeded projections, sales were higher than expected, thereby justifying the rise. To better predict future expenditures, you can also review the notes and monthly modifications.

Three different forms of flexible budgets can be identified. The basic flexible budget, intermediate flexible budget, and advanced flexible budget are a few examples.

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your broker has recommended that you purchase stock in zzz-best, inc. she estimates that the 1-year target price is $70, and zzz-best consistently pays an annual dividend of $8. based on your analysis, you estimate that the stock has a required rate of 18%. what is the intrinsic value of this stock?

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You predict the stock will return 18% on the basis of the study. The intrinsic value of this stock is $66.10.

A measure of an investment's value based on its cash flows is its intrinsic value. In contrast to market value, which indicates the amount buyers are prepared to pay for an item, intrinsic value illustrates the asset's value based on an examination of its actual financial performance.

Here future price of stock F = $70

dividend D = $8

Required rate r = 18%

time t = 1

Intrinsic Value S =?

Required Rate r =  (F + D - S)/S

18% = (70 + 8 - S)/S

0.18 × S = 78 - S

1.18S = 78

S = 78/1.18

S = $66.10

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Which of the following is true of cost-benefit analysis?

It evaluates the design of data structure and content.

It is a review of how soon the system of software application will become outdated.

It shows the flow of data between departments.

It compares the expense of completing a task with and without an automated system.

It evaluates the frequency and criticality of automating specific tasks within a functional area.

Answers

The true statement about the cost-benefit analysis is (D) "it compares the expenses associated with carrying out an operation manually versus automatically."

What do we mean by a cost-benefit analysis?

The cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.

The idea icon Cost-benefit analyses (CBA) and CEA consider health outcomes.

It contrasts how much it costs to complete a task manually versus automatically.

The general steps in a cost-benefit analysis are to create the analysis plan, identify costs, identify benefits, analyze both costs and benefits, and then come to a conclusion.

These phases can change depending on the methodology.

There are intrinsic costs and benefits to conducting a cost-benefit analysis.

The time required to thoroughly analyze and calculate all possible rewards and expenses is included in the costs.

Therefore, the true statement about the cost-benefit analysis is (D) "it compares the expenses associated with carrying out an operation manually versus automatically."

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Correct question:
Which of the following is true of cost-benefit analysis?

a. It evaluates the design of data structure and content.

b. It is a review of how soon the system of software applications will become outdated.

c. It shows the flow of data between departments.

d. It compares the expense of completing a task with and without an automated system.

e. It evaluates the frequency and criticality of automating specific tasks within a functional area.

which type of corporate diversification strategy does oxo utilize?aproduct diversification strategybproduct-market diversification strategycvertical diversification strategydgeographic market diversification strategy

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When a company wishes to expand its product catalog to include similar products made by the same company, it uses the concentric approach.

What sort of product is that?

A product is any good or product you provide to meet the needs or desires of an organization. There are both real and virtual ones. Physical products encompass both nondurable (such as food and beverages) and durable (such as vehicles, furniture, and computers) things.

A product business is what?

A product in business is an item or services that you may provide to customers. These goods may be physical (like apparel or furnishings) or immaterial (like computer software). A company that generates the majority of its income from the sale of products is known as a product business.

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Which cost will increase or decrease with increase in production? A. Marginal cost B. FIxed cost C. Financial Cost D. All of the above

Answers

Answer:

A

Explanation:

The marginal cost is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations. If the marginal cost of producing one additional unit is lower than the per-unit price, the producer has the potential to gain a profit.

Answer B is not correct, so D is wrong, too.

in may 2021, whitney filed for divorce from her husband, michael. although they lived apart for the last six months of the year, their divorce is not yet finalized and they are still legally married. whitney does not wish to file a joint 2021 return, and she has no qualifying child or qualifying relative. what filing status should whitney use? single. unmarried for tax purposes. married filing separately. head of household.

Answers

Whitney will utilize the Married Filing Separately filing status in 2021.

A person's filing status, which can fall into one of five categories Single, Married Filing Jointly, Married Filing Separately, Head of Household, or Qualifying Widow(er) with Dependent Child determines the tax return form that person will use.

Married couples who decide to report their income and deductions on separate tax returns use the married filing status. The Married Filing Separately option enables one of the partners to handle their tax obligations independently of their spouse.

In light of the pending divorce and Whitney's continued legal marriage, the filing status she will utilize in 2020 is Married Filing Separately.

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as part of its strategic planning, a fast food corporation considers the societal effects of using poultry treated with high levels of antibiotics in its supply chain. the board of directors ultimately instructs the officers to continue using the corporation's current poultry suppliers since the levels of antibiotics they use, while high, comply with the law and are very cheap. according to stakeholder theory, did the corporation fulfill its duty? no, because the company is prioritizing profits over other social responsibilities. yes, because the corporation has a social contract to fulfill and must consider the impact of its actions on public health. yes, because the corporation is not violating any laws. no, because the officers of the corporation are failing to fulfill their fiduciary duty to the board and the corporate shareholders.

Answers

No, because the business puts its profits above its other societal obligations.(Option A)

What does a business profit mean?

The money that remains after a firm has paid all of its expenses is known as corporate profit. Top-line revenue is the total amount of money received by a company from the sale of goods or services during the reporting period. A business will pay its expenses out of revenue.

Why are profits crucial to a company?

Business collapse is imminent without adequate money or the financial resources needed to maintain and run a company. Despite the fact that analyzing a company's profitability, both current and future, is crucial in evaluating the organization, no business can operate for an extended period of time without turning a profit.

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to understand better how changes in tax laws can affect saving, imagine that jake, a student, plans to save $450 from his summer job to buy textbooks next autumn. jake's parents are so impressed with his plans that they offer to pay him an additional 35% interest per month on the money he saves, which means that jake is now earning a large rate of return on his saving. it turns out that jake saves only $400 (before the interest paid by his parents) from his summer job. this means that the

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This means that the 1. Substitution 2. Income

In track idea, chord substitution is the technique of the usage of a chord in place of every other in a development of chords, or a chord development. lots of the european classical repertoire and the big majority of blues, jazz and rock song songs are based totally on chord progressions. "A chord substitution takes place while a chord is replaced by way of any other this is made to function just like the unique. generally substituted chords possess two pitches in not unusual with the triad that they're converting. A chord development may be repeated to form a track or music. Composers, songwriters and arrangers have evolved some of ways to add range to a repeated chord progression.

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is the process of assessing a company's ability to produce enough output to satisfy market demand.

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Capacity planning refers to the process of determining a company's capacity to create an amount of production sufficient to meet market demand.

Which of the following phrases describes the choice between producing a component internally and outsourcing it?

A make-or-buy decision, also known as an outsourcing decision, contrasts the costs and benefits of creating a necessary good or service in-house with those of using an outside supplier for the relevant resources.

Is a manufacturing method where inputs to the production process arrive exactly when they are needed and inventory is maintained to a minimum?

JIT, often known as just-in-time, is an inventory management technique in which labor, supplies, and products (to be utilized in manufacturing) are replenished or planned to arrive precisely when needed.

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a firm should include as many unrelated businesses as possible to dampen their exposure to market risks. group of answer choices true false

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False. Adding unrelated businesses to a firm can potentially increase a firm's total exposure to market risks.

Unrelated businesses are not necessarily protected from market risks, and having too many unrelated businesses can actually create additional overhead and management costs that can be detrimental to a firm's overall profitability.

Instead, a firm should focus on diversifying within its core business and exploring different markets that are connected to its core business. This will allow the firm to spread its risk across different markets, products, and services and will help to protect the firm from market risks.

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Which of the following statement about opportunity cost are true? I. The opportunity cost of a given action is equal to the value foregone of all feasible alternative actions.
II. Opportunity costs only measure direct out-of-pocket expenditures.
III. To calculate accurately the opportunity cost of an action, we need to first identify the next best alternative to that action.
a) III only
b) I and III only
c) II only
d) None of the statements is true.

Answers

Of the given statements about opportunity costs, (a) III solely is TRUE. I. The probability value of a given action is equal to the fee foregone of all possible alternative actions.

What is genuine of opportunity fees in making decisions?

Opportunity costs signify the attainable benefits that an individual, investor, or commercial enterprise misses out on when choosing one choice over another. Because possibility costs are unseen by definition, they can be without problems overlooked.

Opportunity price is the cost of subsequent pleasant choice forgone. Since resources are constrained however can be put to unlimited use, when a desire is made, the different alternatives reachable are foregone in the process of making a choice.

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The two general types of economic systems that exist today are:

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According to the question, capitalism and socialism are the two major economic processes in modern societies.

What is the economic example?

Economics is the social science field that studies scarcity of resources. It investigates the factors that influence the production, allocation, and consumption of products and services in a given economy. It investigates how individuals, business owners, and government agencies allocate scarce resources. Traditional economies, laissez faire economics, planned economy, and market economies are the four major types of economic systems.

What is the significance of economics?

Economic study helps people understand their surroundings. It enables people to better understand people, businesses, markets, and governments, and thus respond to the dangers and opportunities that arise when things change.

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as country income level rises from lower-income to middle-income, what should we expect will happen to cancer as a share of the total burden of disease

Answers

Each year, 5 million people in low- and middle-income countries (LMCs) die from cancer, about 10 percent of the 50 million deaths in those countries. This proportion, and the total burden of cancer,1 will continue to grow as the tobacco-induced cancer epidemic accelerates, and as the world population ages.

Cancer is a set of sicknesses related to odd mobile growth with the ability to invade or spread to different components of the frame.[2][7] that comparison with benign tumors, which do not spread.[7] viable signs and signs and symptoms encompass a lump, peculiar bleeding, extended cough, unexplained weight loss, and a trade in bowel actions.[1] whilst these signs and symptoms may additionally indicate most cancers, they also can have other reasons.[1] Over a hundred types of cancers have an effect on people. Tobacco use is the cause of about 22% of most cancers deaths.[2] some other 10% are due to weight problems, poor eating regimen, loss of bodily hobby or excessive ingesting of alcohol.

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npv and irr, mutually exclusive projects for discount factors use exhibit 12b-1 and exhibit 12b-2. hunt inc. intends to invest in one of two competing types of computer-aided manufacturing equipment: cam x and cam y. both cam x and cam y models have a project life of 10 years. the purchase price of the cam x model is $3,600,000, and it has a net annual after-tax cash inflow of $900,000. the cam y model is more expensive, selling for $4,200,000, but it will produce a net annual after-tax cash inflow of $1,050,000. the cost of capital for the company is 10%. required: 1. calculate the npv for each project. round present value calculations and your final answers to the nearest dollar. cam x: $fill in the blank 1 cam y: $fill in the blank 2 which model would you recommend using npv? 2. select the irr for each project. cam x: cam y: which model would you recommend using irr?

Answers

NPV and IRR, Mutually Exclusive Projects

Required:1. Calculate the NPV for each project. Round present value calculations and your final answers to the nearest dollar.CAM X: $1,930,113.00CAM Y: $2,251,795.00Which model would you recommend using NPV?CAM Y2. Select the IRR for each project.CAM X: 20%-25%CAM Y: 20%-25%Which model would you recommend using IRR?Both

What is the NPV?

We refer to this as the net present value (NPV), which is the difference between the current value of cash inflows and outflows over time. NPV analysis is used in capital budgeting and investment planning to determine the profitability of a projected investment or project.

The upshot of choosing the proper discount rate to ascertain the present value of a stream of future payments is the computation of NPV. Positive NPV projects should be started, whereas negative NPV projects should not.

The time value of money is taken into account when comparing the rates of return of different projects or when comparing an expected rate of return with the hurdle rate required to approve an investment.

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due to the typical measure used to determine if employees have earned a merit pay raise, the effectiveness of a merit pay system depends on the quality of what other human resource management system?

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The other human resource management system the performance appraisal system.

Human assets (HR) is the branch inside a commercial enterprise this is responsible for all matters worker-related. That consists of recruiting, vetting, selecting, hiring, onboarding, schooling, promoting, paying, and firing employees and impartial contractors.

Human resource is the individual or institution of humans at an organization who manages all matters associated with its employees. This includes — but isn't always confined to — hiring, preserving a price range, recruiting, handling benefits, ensuring employee pleasure, enforcing a corporation lifestyle, and educating new hires.

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the management of the bst inn estimated that they can generate $182,000 and $190,000 in room revenues in 2010 and 2011 respectively by using some other forecasting methods. however, the total room revenues were actually $187,000 and $203,000 in 2010 and 2011 respectively. finance and accounting directors in the management team wants to come up with a robust forecasting report and they want to see the forecasting results done with exponential smoothing models. therefore, if the management wishes to have 3,000 rooms sold in 2012. what is the forecasted adr in 2012 based on the exponential smoothing model? group of answer choices $69.79 $66.80 $70.27 $73.12

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The forecasted ADR in 2012 based on the exponential smoothing model is 70.27$ among the group of choices.

The purpose of forecasting

Businesses can improve their adjustments if they have knowledge of both current data and predictions for the future. Forecasts assist firms in modifying their existing operations and streamlining their plans to change prospective outcomes.

What is the forecasting procedure?

Making predictions based on historical and current data is the process of forecasting. Later, these might be contrasted (resolved) with what transpires. An organization can, for instance, forecast its revenue for the following year and then contrast that projection with the actual outcomes. Similar but more generic is the phrase "prediction."

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