A significant disadvantage of targeting a niche market is the limited potential for business growth.
What is the niche market?It is a strategy for a company to specialize in a particular area, segmenting its audience and becoming an expert in its area of business.
Therefore, although segmenting a niche market has the advantages of customer loyalty to the brand, this strategy can also reduce the possibility of business growth.
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Which of the following is true of specialty stores? Group of answer choices They carry a deep assortment of merchandise within a single category of interest. They offer consumers very limited service and carry a vast assortment of well-known, nationally branded goods such as toys, housewares, and clothing. They carry a wide range of products and specialty goods, including apparel, cosmetics, housewares, electronics, and sometimes furniture. They price products lower than specialty discount stores.
The correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.
What is a specialty store?This refers to a retail store which lay emphasis on selling products which have specific category. It is to be noted that specialty store have a wide selection of products but few categories.
Hence, the correct option is that they carry a deeper by narrower assortment of merchandise within a single category of interest.
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ideally, a positioning statement should identify which three things?
The positioning statement ideally should include the three segments where the relevant information is provided.
The three things are as follows:
1) The product's unique benefits
2) The target market and need satisfied
3) The category of the firm that the product belongs to
What is a product?A product is a article that is produced by a company/ business and is sold to consumer, at a market price.
Benefits of the product are required to be communicated to the consumer
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The most lucrative podcasts can make about how much money per podcast off ads?
A. $25,000
B. $70,000
C. $14,000
D. $52,000
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce: Group of answer choices frictional unemployment. seasonal unemployment. natural unemployment. cyclical unemployment.
The development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
What is seasonal unemployment?When the abilities that people in the economy have to provide and the skills that employers need from employees do not match, structural unemployment results.What is frictional unemployment?The time between quitting a job voluntarily and finding another is known as the frictional unemployment period.What is natural unemployment?The lowest rate of unemployment brought on by actual or voluntary economic forces is known as natural unemployment, or the natural rate of unemployment. The number of persons experiencing natural unemployment indicates those who are jobless as a result of the structure of the labor force, such as those who have been displaced by technology or those who lack the necessary skills to find employment.What is cyclical unemployment?The portion of overall unemployment that is specifically caused by cycles of economic expansion and contraction is known as cyclical unemployment. Typically, unemployment increases during economic downturns and decreases during boom times.Therefore, the development of a nationwide computerized job bank listing of all job openings would be most likely to reduce cyclical unemployment.
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A local furniture company launched a website to boost national sales. However, it could not ship the orders efficiently so it started using FedEx and UPS. This is an example of
When a local company could not ship the orders efficiently and as a result starts using the services of FedEx and UPS, it is an example of outsourcing.
What is outsourcing?A situation when a company, which is involves in business activities hires an external organization for fulfilling its business requirements, then such a process is known as outsourcing.
Hence, the significance of outsourcing is aforementioned.
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Due to FX Company's poor financial performance, John received a decrease in both his pay and benefits. He received a job offer from BT Corp. that included a significant pay increase, but he turned it down because he felt morally obligated to remain with FX despite its financial troubles. John's feelings toward his organization are best characterized as:
John feeling's toward his organization is known as a normative commitment as he turned down a new job despite the current job's financial troubles.
What is a normative commitment?This refers to when an employee believed he/she most stay committed to a particular target and most remain obligated in an organization.
Most time, the commitment exist in an employee when they feel a sense of obligation to the organization and want to pursue better opportunities.
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Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is less ________ than the lower-cost version.
Consider two processes. If both versions create the same benefit, but one costs more than the other, the higher-cost version is less Efficient than the lower-cost version.
What is Process Quality?Process Quality = measured in two dimensions: process effectiveness and process efficiency
Effective Business Process = enables the organization to accomplish its strategy. ex: investigating whether 3D printing will help accomplish the strategy of having the largest selection of parts in the industry
Efficiency Business Process = the ratio of benefits to costs. ex: consider two versions that create the same benefit, but one costs more than the other does, meaning the higher-cost version is less efficient than the lower-cost version/if both versions cost the same, but one generates less benefit than the other, then the lower-benefit one is less efficient.
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Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 in expenses on equipment and hairdressing material. Based on this information, what is the amount of her explicit costs
The amount of her explicit costs is $45,500.
Which costs are explicit?Out-of-pocket expenses are charges that are actually made. Explicit costs include salaries that a company pays to its staff and office rent. Implicit costs are less obvious but no less significant. They stand for the opportunity cost of utilising resources the company already owns.
What are some explicit cost examples?Explicit costs have precise cash values that are carried over to the income statement. Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs.
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According to the text, the most logical budget-setting method in advertising is the ________ method.
The logical budget setting method is advertising, the company set advertising budget cost is required to achieve tasks.
What is Objective and Task?The objective and budgeting work simultaneously, budget is established when specific objective is in mind.
The company sets advertising budget for promotion of products, budget requires certain amount of money needed to achieve objective and task.
Businesses use objective and task method by examining cost of each goals. The objective and task method is difficult to assess accurately advertising costs needed to achieve the task.
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Which tool can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs?.
The tool that can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs is The CVP analysis. This is further explained below.
What is CVP analysis?Generally, Changes in both variable and fixed expenses may have a significant impact on a company's bottom line, and a cost-volume-profit (CVP) analysis can help you understand the relationship between the two.
In conclusion, The CVP analysis is a tool that may be used to quickly determine the change in profit brought on by a change in sales price, sales volume, variable costs, or fixed costs.
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Mark and Julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, Mark can make 40 brownies or 20 cookies, and Julie can make 15 brownies or 15 cookies. Based on this information, ________ has the absolute advantage in making brownies and ________ has the absolute advantage in making cookies.
Based on this information, Mark has the absolute advantage in making brownies and Julie has the absolute advantage in making cookies.
What is absolute advantage?Absolute advantage refers to the notion that a company, country or person has the best ability with respect to the production of a stated service or product.
Thus, it is right to state that given the above information, Mark has the absolute advantage in making brownies and Julie has the absolute advantage in making cookies.
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Ace Company sells merchandise to a customer in the amount of $200 on credit, terms n/30. The entry to record this sale would include a debit to the ____________ account:
The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.
What is a journal entry?A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.
Hence, the significance of journal entry is given.
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The costs incurred by the firm when new issues of stocks or bonds are sold are called:
The costs incurred by the firm when new issues of stocks or bonds are sold are called: Flotation costs.
What are flotation costs?When publicly trade companies issues new securities, these are the costs that are incurred.
These would make the new equity that this firm has to be more expensive than it formerly was.
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American Paper Company has a beta of 1.2. The risk-free rate is 6 percent and the required return on the market is 14 percent. The required rate of return on the security is
American Paper Company has a beta of 1.2. The risk-free rate is 6 percent and the required return on the market is 14 percent. The required rate of return on the security is:
-15.6%-13.2%-22.0%-22.8%What Is the Security Market Line?The security market line (SML) is a line drawn on a chart that serves as a graphical representation of the capital asset pricing model (CAPM)—which shows different levels of systematic, or market risk, of various marketable securities, plotted against the expected return of the entire market at any given time.
Its Also known as the "characteristic line," the SML is a visualization of the CAPM, where the x-axis of the chart represents risk (in terms of beta), and the y-axis of the chart represents expected return. The market risk premium of a given security is determined by where it is plotted on the chart relative to the SML
The formula for plotting the SML is:
Required return = risk-free rate of return + beta (market return - risk-free rate of return)
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There is an 12-year bond with a par of $1,000 and a coupon of 5.20%. Suppose the bond is bought today at a price of $1,032.60, and the market interest rate is 4.82%. It turns out that in 4 years an investor sells the bond at a price of $1,059.12. Calculate the annual realized return over the 4 years the investor held the bond. Show your work and explain. (8 points).
The annual realised return over the four years is 5.63%
What is the annual realised return?The annual realised return is the total return earned from holding the bond given its coupon payments, purchase price and the price at which it was sold.
The annual realised return can be determined using a financial calculator:
Cash flow in year 0 = -1032.60 Cash flow each year from year 1 to 4 = 5.20% x 1000 = $52Cash flow in year 4 = $1059.12annual realised return = 5.63%
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When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit __________. a. primary first, followed by secondary and supplemental b. three separate claims c. one claim for all policies d. a separate claim for each policy
When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit: c. one claim for all policies.
What is insurance claim?An insurance claim can be defined as the way in which a policyholder request that the insurance company under which the policyholder is covered pay for the damage or damages the policyholder incurred.
In a situation where the same payer issues both primary and secondary polices they have to submit one claim for all the policies.
Therefore the correct option is C.
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When downgrading a client’s subscription, what will be affected as a result of the downgrade?
Downgrading a subscription is the process of decreasing the value or the services provided to a client.
Downgrading a client's subscription will result in a lower amount of subscription and or lower level of services available to the client.
The subscription can be upgraded as well depends on the requirements of the client
What is subscription?A subscription is a monthly payment for a number of services available, the amount is usually paid at the end or the start of the month, while the services can be enjoyed for the whole month.
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A dog owner lived next door to a day care center. Because he had a large yard and there were no applicable zoning restrictions, he installed a kennel and began training attack dogs to sell to businesses. As soon as he opened the business and posted signs in front advertising the exceptional ferocity of the dogs, some parents who had children enrolled in the day care center became alarmed at the prospect of the dogs right next to the yard where the children played, especially because the children could see and hear the dogs being taught to attack people. Within a few months of the dogs' arrival next door, the owner of the day care lost 10% of her enrollment. If the day care owner brings a nuisance action against the dog owner, what will be the most critical factual issue that the trier of fact must resolve to determine who should prevail
The most critical factor that the tier of facts has to determine for who to win is Whether the day care owner's use of her property makes her business abnormally sensitive to the presence of the dogs. option B is correct.
What is the tier of facts?The trier of facts is the law term that is used to refer to the person or the groups that have to get the facts in a legal case.
The fact that has to be determined in this case has to be the way that business affects the dog.
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When a company finds a small but profitable market segment and designs products just for them, the company is engaged in:
When a company finds a small but profitable market segment and designs products just for them, the company is engaged in: Niche marketing.
What is niche marketing?
This is a term that is used to refer to the specialization in the sale and the development of a particular product to a market.
It is the focus that is put in a particular market segment. Hence the answer is niche marketing.
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what type of graphic shows the amounts of two products a nation can obtain by specializing in one product and trading for the other?
A trading possibilities line is the graphic that shows the amounts of two products a nation can obtain by specializing in one product and trading for the other. This is further explained below.
What is a trading possibilities line?Generally, A graph depicts the many permutations of two goods that a single-product economy may receive (consume) due to its focus on producing only one of them.
In conclusion, When a country focuses on producing one good and trading for another, the quantity of both goods increases along a trade possibilities line.
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When you market medicare advantage and part d plans, what may you offer as a gift to induce enrollment in a plan?.
When the insurance agents sold the Medicare plans under part D then in order to induce the enrollees they can provide them with gifts worth not more than $15 in value.
What is a Medicare plan?A Medicare plan is an insurance plan provided to US citizens in the healthcare sector by private insurance firms.
Under part D of the Medicare plan, the insurance agents cannot be allowed to provide prizes or gifts having a value of greater than $15, are not permitted to pay for any kind of meals, and also not allowed to give any gift card or any kind of money to the enrollees.
Therefore, the insurance agents can induce the persons to get enrolled in the Medicare plan by giving them gifts of not higher than $15.
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True or false: a large, simple design is best used in situations where baseline measurements are complex and require special equipment.
The given statement is FALSE because if the baseline measurements are complex and need special equipment, then a large, simple design would NOT be needed.
What is a Design?This refers to the framework that is used to show a blueprint for a thing and can also mean the construction of a thing.
Hence, we can see that the given statement is false because, in a case of a complex measurement that would require special equipment, a special design would be needed.
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An increase in venous return will _______
An increase in venous return will increase EDV and therefore, increase stroke volume
What are venous return?Venous return is a term used to describe the flow of blood from the periphery back to the right atrium.
An increase in venous return will increase EDV and therefore, increase stroke volume. These increased pulmonary venous return to the left atrium leads to increase the filling of the left ventricle.
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What do you think an investor would be most interested in knowing about the financials of your company? Why do you think that is? How would you show an investor that investing in your company wouldn't pose a high risk?
Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.
What is investing?
Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."
Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.
Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.
As a result, an investor must be interested of the company's financial statements and goodwill.
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__________ goods appeal to consumers who are willing to make an extra shopping effort to acquire them. Group of answer choices Specialty Shopping Convenience Consumer
Specialty goods appeal to consumers who are willing to make an extra shopping effort to acquire them.
Convenience goods are reasonably priced and require no effort to buy for. Examples include sodas, candy bars, milk, bread, and small hardware items. Consumers frequently purchase items without much thought.Consumer goods include items like jewelry, clothing, and food. Copper is an example of a basic or raw material that is not regarded as a consumer good because it must be converted into useable commodities.Automobile tires and electric appliances are a couple of examples of homogeneous buying items. Microwaves, pedestal and ceiling fans, washing machines, and refrigerators are all useful electrical equipment examples.What are Speciality goods?Specialty goods are those with distinctive qualities or brand recognition. Customers of these goods are willing to make extra effort to buy specialist goods. Specialty goods are frequently expensive, and customers rarely take the time to compare them to comparable goods.
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What is the likely effect on the market for wine of a simultaneous increase in both consumer incomes and producer taxes on wine?
If there was an increase in both consumer incomes and producer taxes, the market for wine would see an increase in price.
How would the wine market be affected?An increase in producer taxes on wine would increase wine prices as producers aim to pass on the taxes to consumers.
Prices will also increase when consumers have more income and demand more wine. The overall effect is there an increase in the price of wine.
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A company requires physical isolation of its amazon ec2 instances from the instances of other customers. which instance purchasing option meets this requirement?
The instance purchasing option that meets this requirement of physical isolation is Dedicated Hosts.
What are Dedicated Hosts?
A dedicated host is a kind of hosting service that tis internet based where by the client is the sole use of the hosting service.
Thus, it is right to indicate that The instance purchasing option that meets this requirement of physical isolation is Dedicated Hosts.
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A decrease in the quantity supplied of iPads is caused by a(n) increase in TV advertising for iPads. increase in the number of iPad consumers. technological advancement in iPad production. drop in the price of iPads.
The correct option is D). drop in the price of iPads.
What happens to supply when prices drop?An increase in price leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied.
The supply curve will move from left to the right, as the price of the commodity increases and the quantity supplied also increases.
Therefore, a decrease in the quantity supplied of iPads is caused by drop in the price of iPads.
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Anita, a quality supervisor, knows that her manager focuses on maintaining quality. Anita tends to favor a high-quality alternative whenever she is considering alternative ways to approach a problem. She understands that another alternative might be more successful. However, Anita believes that whatever the outcome, her manager is likely to appreciate her efforts to maintain the quality standard. This is an example of the human compromise known as
The given scenario is an example of the human compromise known as rationalization.
What is Rationalization?This refers to the use of logic to try and explain or justify a certain behavior, even when they are not appropriate.
Hence, we can see that based on the high quality alternative that Anita, the quality supervisor uses, she knows that she would still be appreciated by her manager if she maintains the standard, and this is known as rationalization.
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Since 1950, the number of employees who work in the federal bureaucracy has ________ and the number of employees who work in both state and local government has ________.
Since 1950, the number of employees who work in the federal bureaucracy has decreased and the number of employees who work in both state and local government has increased.
What is the federal bureaucracy?
This is the term that is used to refer to the administrative body of the executive government of the United States.
From time it has been said that the people working here has reduced and that of the local government has grown.
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