The excess of the consideration transferred over the net identified assets bought is used to calculate goodwill. Transferred consideration = $980,000 Net identifiable .
assets purchased = $120,000 (fV for equipment) + $800,000 (fV for building) = $920,000 Goodwill = transferred consideration - net identified assets purchased $980,000 − $920,000 = Goodwill Goodwill equals $60,000 As a result, the amount stated for goodwill following the merger is $60,000. The excess of the consideration transferred over the net identified assets bought is used to calculate goodwill. Transferred consideration = $980,000 Net identifiable . southwest is a private not-for-profit entity. it acquires northeast, another private not-for-profit entity. the acquisition value is $980,000. northeast has two assets (and no liabilities): equipment with a net book value.
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__________. is a measure of the way quantity supplied reacts to a change in price.
The elasticity of supply is a measure of the way the quantity supplied reacts to a change in price.
What is a supply?The quantity of a specific good or service that providers offer customers at a given price for a predetermined amount of time is referred to as the supply in economics. A key idea in economics is supply. It shows the overall number of certain commodities that are available to consumers.
What is an elastic supply?Elastic Supply (ES>1): Whenever a given percentage shift in price causes a bigger change in the quantity delivered, the supply is termed to be elastic. In this case, E s will have a numerical value that is larger than one but smaller than infinite.
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when marquesa began her business, she did not have sufficient personal funds to own the businesses she operated so she brought in friends and family members to help with the funding. the businesses she operated were formed with an agreement, but no formal filing was required, and taxes were passed through directly to the business owners. what business form did she use to create these businesses?
Solo Entrepreneurship a particular kind of business reality where the proprietor and the company are one and the same in terms of the law. The most typical type of legal structure for small enterprises is the sole procurement.
In the United States, an LLC is a type of organisational structure where the possessors aren't held tête-à-tête responsible for the debts or scores of the business. Limited liability companies are cold-blooded legal realities with traits participated by pots, hookups, and sole occupancies. Stockholders are only subject to arrears up to the quantum they tête-à-tête invested in the company. also, creditors are banned from seizing particular property to pay off debts( although now creditors frequently request particular guarantees on business loans).
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Make a list of getting information about employment an publishes.
( GETTING LIST OF INFORMATION ABOUT EMPLOYMENT AND PUBLISHES : )
-Personal contacts.
-School career planning and placement offices.
Classified ads.
-National and local newspapers. Professional journals.
-Trade magazines.
-Internet networks and resources.
-State employment service offices.
-Federal government.
-Professional associations.
-Labor unions.
the patman bill called for an immediate bonus payment to
The Patman bill called for an immediate bonus payment to www I veterans.
Patman was born in Texarkana, Texas. He attended public faculties there and in Washington, D.C. He then attended the now-closed Kemper navy faculty in Boonville, Missouri, graduating in 1944. Patman graduated in 1953 from the University of Texas at Austin. Later that 12 months, he become admitted to the National Bar of Texas and served as a prison examiner for the Texas Railroad fee till 1955.
Patman correctly sought the District 18 seat in the Texas country Senate. He took office the following 12 months and served till 1981. He became a delegate to state Democratic birthday celebration conventions in the course of this senatorial tenure. When President John F. Kennedy turned into assassinated, Patman become the 15th car of the motorcade. In 1979, Patman was a member of the Killer Bees, the group of twelve quorum-busting Democratic senators.
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what can managers do to promote effective group decision making and avoid groupthink insist that a group evaluate all alternatives
It encourages the group to consider a range of options, rather than just the most obvious or popular ones. By evaluating all alternatives, the group can make a more informed decision and avoid the pitfalls of groupthink.
Managers should create a culture of open communication where every member of the group feels comfortable sharing their ideas, concerns, and feedback without fear of criticism or rejection. They should also ensure that everyone has an equal opportunity to speak and be heard.
Managers should encourage group members to think critically and challenge assumptions. This will help the group evaluate all alternatives and avoid groupthink.
Managers can assign a devil's advocate whose role is to question assumptions, challenge the prevailing opinions, and offer alternative perspectives. This will help the group consider all angles and avoid the pitfalls of groupthink.
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which process metric would be needed by the supply chain manager of a clothing retailer who needs to rent a warehouse for storing winter wear through the summer?
To calculate the customer's flow time, subtract the customer's arrival time from their departure time. 15.9 minutes are equal to ten clients times 159 total seconds.
How is the rate of the process determined?
To determine the flow rate represented as Q, which is equal to Q = V/t, we must define both the volume V and the instant in time that it is passing past represented by t.
What do processes' flow rates mean?
Rates of flow and throughput: The
number of flow units—such as customers, money, or goods or services produced—that move through a business process in a specific amount of time, such as the number of customers served in an hour or the number of components made in a minute. The flow rate is standard for the industry.
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Answer:inventory
Explanation:
a company in maine sends lobsters to france. what is maine doing? select three options. importing products practicing international trade exporting products
A company in maine sends lobsters to france exporting products, practicing international trade, importing products.
Since the corporation is trading its commodities across international borders, Maine is engaging in international trade if it sends lobsters to France. By transferring its goods from one nation, in this case the United States, to a different nation, France, it is also exporting goods. Because of the business, Maine was: Engaging in international trade when it transported lobsters to France. exporting merchandise. taking part in globalisation When goods are transported from one country to another, the one from whence they originated would be exporting those goods, which is what Maine was doing.
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Determine whether each good is a normal good or an inferior good for the average consumer.a. For most consumers, the newest iPhone is ___ good.
b. For most consumers, a 10-year-old used car is ___ good.
c. For most consumers, dental services are ___ good.
An inferior good, in a contrast to normal goods, for which the opposite is observed, is one whose demand declines when consumer income grows (or increases when consumer income decreases).
The demand for normal items increases as consumer income increases.
In this sense, inferiority isn't a verdict on the value of the good; rather, it's an observable truth related to affordability.
Generally speaking, these products are economical and serve their job satisfactorily; however, as more expensive alternatives that provide greater pleasure become available, the use of subpar products declines. Therefore, there are direct connections between socioeconomic status and inferior commodities. Due to the aforementioned observable inferiority, people with limited incomes tend to favor poorer things.
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in 1990, the average price of a gallon of regular gasoline in the u.s. was $1.34. in 2013, the average price was $3.52. cpi in 1990 was 130.7 and the cpi in 2013 was 232.8. how much is a 1990 gallon of gas expressed in 2013 dollars?
In 2013, the average price was $3.52, CPI in 1990 was 130.7 and the CPI in 2013 was 232.8. 1990 gallons of gas expressed in 2013 dollars is $2.38.
What is CPI?The Consumer Price Index (CPI) measures the overall change in consumer prices based on goods and services over time.
Prices increase over time, but prices can also decrease this is a situation called deflation. The most well-known indicator of inflation is the Consumer Price Index (CPI).
When the Consumer Price Index is rising it means that consumer prices are also rising, and when it decreases it means consumer prices are decreasing. In short, a higher CPI indicates higher inflation, while a falling CPI indicates lower inflation or even deflation.
Therefore, 1990 gallons of gas expressed in 2013 dollars is $2.38.
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uppose the price elasticity of demand for baconators at wendy's is 0.6. this means that the demand for baconators is: group of answer choices elastic. inelastic. unit-elastic. perfectly inelastic.
The amount of an inelastic good remains constant when its price varies, which in the case at hand indicates that the demand for vaccines is (B) inelastic.
What is inelasticity?When a good's price changes, its inelastic quantity remains constant.
A good or service is regarded as inelastic when its price varies but the quantity requested of it does not considerably change.
The economic concept of elasticity describes how susceptible one economic component is to changes in another.
As an illustration, consider how supply or demand changes can affect the price or how demand changes can affect income.
Demand is elastic when it reacts to changes in price or other variables. Demand is said to be inelastic if it does not change as other economic factors do.
Given as -0.67, the price elasticity of demand for a good illustrates how insensitive the demand curve is to changes in price.
Therefore, the amount of an inelastic good remains constant when its price varies, which in the case at hand indicates that the demand for vaccines is (B) inelastic.
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Complete question:
Suppose the price elasticity of demand for vaccinators at wendy's is 0.6. this means that the demand for vaccinators is: a group of answer choices
A. elastic.
B. inelastic.
C. unit-elastic.
D. is perfectly inelastic.
what gets prepared firs in accounting balance sheet income statement or statement of stockholder's equity
In accounting, the correct order of financial statements is as follows:1.Income Statement 2.Statement of Stockholders' Equity 3.Balance Sheet
Income Statement: This statement shows the company's revenue, expenses, and net income or loss over a specific period of time.
Statement of Stockholders' Equity: This statement shows changes in the company's equity accounts, such as common stock and retained earnings, over a specific period of time.
Balance Sheet: This statement shows the company's assets, liabilities, and equity at a specific point in time.
Therefore, the Income Statement is prepared first, followed by the Statement of Stockholders' Equity, and then the Balance Sheet. This order is important because the information presented in one statement affects the information presented in the subsequent statements.
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Drag each tile to the correct box.
Determine the best type of savings fund or each situation.
401(k)
rainy-day fund
sinking fund
emergency fund
money needed to start a business
paying utility bills while unemployed
unexpected plumbing expenses
retirement
Reset
Next
The necessary funding will be; 401(k) contributions, startup capital for a business, rainy-day reserves for retirement, sinking funds for paying bills while unemployed, and emergency funds for unforeseen plumbing costs
What does rainy day fund mean?A rainy day fund, also known as a contingency fund, is a predetermined sum of money placed aside to be utilized when regular income is interrupted or reduced in order to maintain normal operations.
A sinking fund is one that an economic body creates by gradually setting aside income to pay for upcoming capital expenditures or debt repayment.
A financial safety net for future unforeseen disasters and/or bills is an emergency fund.
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Answer:
Trust
Explanation:
money needed to start a business - Sinking fund
paying utility bills while unemployed - Emergency fund
unexpected plumbing expenses - Rainy day fund
Retirement - 401 k
How many estimated agriculture-related career opportunities can students explore? 300 | 400 | 500 | 600 | 700
With an estimated 300 employment options in agriculture, students can investigate a variety of fields.
What does agriculture entail?The art or art of managing the soil, growing crops, and raising livestock is known as agriculture. It involves preparing plant and animal items for human consumption and distributing them to marketplaces.
What distinguishes agriculture from farming?Agriculture encompasses a wide range of activities, including production, research, and development, as well as farming. Additionally, it describes the science or practice of farming, which includes preparing the soil for agricultural growth and raising animals for food, fiber, and other items.
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if the market experiences an increase in equilibrium price and the change in quantity is indeterminate, this must have been caused by a(n):
Price is unpredictable when both supply and demand are moving in the same direction. This is due to the fact that rising demand will result in higher prices while rising supply will result in lower prices. Demand declines push the amount and price of equilibrium downward.
A fall in equilibrium price and an unclear change in equilibrium quantity occur from an increase in supply and a decrease in demand pushing the price down but pushing quantity in the supply opposite directions. New equilibrium price and quantity are produced as a result of changes in the factors that determine supply and/or demand. The former price will no longer be an equilibrium when supply or demand changes.
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in general, suppliers of loanable funds are willing to supply more funds if the interest rate is higher. a. true b. false
In general, suppliers of loanable funds are willing to supply more funds if the interest rate is higher. This statement is true.
What expands the pool of funds available for loans?
Banks increase the amount of loanable money they are willing or able to provide in response to rising real interest rates, making more cash available. The amount of loanable cash available rises as real interest rates rise.
How does a loanable fund operate?
The interest rate is the cost in the market for loanable funds, and money is the exchanged good. Through their savings, households serve as money providers, and when the interest rate rises, they will supply a significant amount of capital.
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fica taxes payable was credited for $27,000 in the entry when highlands company recorded payroll. when highlands company records employer's payroll taxes, fica taxes payable should be credited for:
This entry reflects the increase in payroll tax expense due to the employer's share of FICA taxes and the increase in the FICA taxes payable liability.
When Highland Company recorded payroll and credited FICA taxes payable for $27,000, it was likely recording the amount of FICA taxes withheld from employee paychecks, which are liabilities that the employer holds on behalf of the employees. However, as an employer, Highland Company is also responsible for paying its own share of FICA taxes, which are separate from the amounts withheld from employee paychecks.
To record the employer's share of FICA taxes, Highland Company should credit FICA taxes payable for an additional amount that is based on its own share of the taxes. The employer's share of FICA taxes consists of two components: Social Security tax and Medicare tax. In 2021, the Social Security tax rate for employers is 6.2% on the first $142,800 of employee wages, and the Medicare tax rate is 1.45% on all employee wages.
Assuming that Highland Company paid $100,000 in wages subject to FICA taxes, the employer's share of FICA taxes for the payroll period would be calculated as follows:
Social Security tax = [tex]$100,000 * 6.2% = $6,200[/tex]
Medicare tax = $100,000 * 1.45% = $1,450
Total employer's FICA taxes = $6,200 + $1,450 = $7,650
Therefore, to record the employer's share of FICA taxes, Highland Company should credit FICA taxes payable for an additional $7,650. The entry would be:
Debit: Payroll Tax Expense account for $7,650
Credit: FICA Taxes Payable account for $7,650
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which of the following is not true regarding the income statement? a.it must be prepared after the statement of stockholders' equity. b.it is prepared using the account balances shown in the adjusted trial balance columns of the end-of-period spreadsheet. c.miscellaneous expense is listed as the last expense item, regardless of its amount. d.it must be prepared before the statement of stockholders' equity.
It must be prepared before statement of the stockholders' equity is not true regarding income statement.
What is a stockholder?A stockholder, also known as a shareholder, is an individual, group, or organization that owns shares of a company's stock. When a person buys shares of a company, they become a part owner of that company, and their ownership percentage is determined by the number of shares they own in relation to total number of outstanding shares. Stockholders typically have the right to vote on important company decisions, such as the election of board members and major business decisions. They may also receive dividends, which are payments made to shareholders from a company's profits. The value of a stockholder's shares can fluctuate based on market conditions and the performance of the company.
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an investor anticipates that land values for a site will be worth $150,000 in five years. assume real estate taxes are expected to be $2,000 each year (paid at the end of each year) for the next five years and the investor can rent the parcel for $2,400 per year to a billboard company (also paid at the end of each year). how much can the investor pay today for the site and still earn a 15 percent annual return on his investment?
The site may cost the investor up to $76,497 today, and they'd still get a 15% annual return. An investment's average yearly growth over a certain time period is measured by its annual or annualised return.
We must apply the present value technique to determine how much the investor may spend for the site today and still get a 15% yearly return on investment.
Rental income over the following five years is calculated as follows: PV of taxes and rental income = $2,000(PVIFA 15%,5) + $2,400(PVIFA 15%,5) = $9,649
The greatest price the investor may pay for the site right now and still see a 15% yearly return on their investment is thus:
Maximum purchase price equals the PV of the land value plus the PV of the taxes and rental income.
Maximum purchasing price: $76,497 ($66,848, plus $9,649)
As a result, the investor can purchase the site now for up to $76,497 and still get a 15 percent annual return.
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revenue in the income statement for the year ended december 31, 2021 equals the: multiple choice question. amount of cash collected from customers during 2021. amount earned by selling goods or services to customers during 2021. accounts receivable balance in the december 31, 2021 balance sheet.
Option (b), The amount gained from selling products or services to consumers throughout 2021 is represented as revenue in the income statement for the year that concluded on December 31, 2021.
What kind of revenue is shown on the annual financial statement?Revenue, which is derived by dividing the average sales price by the quantity of units sold, is the amount of money made via ordinary business operations. The amount from the top line, also known as gross income, is used to calculate net income after costs are deducted. Sales and revenue are synonymous terms in the income statement.
Does December 31 mark the conclusion of the financial year?The conclusion of a 12-month accounting period is what we refer to when we talk about the end of a fiscal year. If the fiscal year end and the calendar year end are the same for a corporation, the fiscal year ends on December 31.
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For many years, there have been limits set on the amount of sugar that foreign producers can sell in the U.S. market. This is mandated by a
Question 14 options:
net profit.
tariff rate quota system.
trade surplus.
subsidy agreement.
The U.S. government has implemented a tariff rate quota system to regulate the amount of sugar that can be imported from foreign producers. option (A) is correct.
This framework considers a specific measure of sugar to be imported at a lower tariff rate, while any imports past the share face higher levies. The motivation behind this framework is to safeguard homegrown sugar makers by restricting how much unfamiliar sugar that can enter the U.S. market and rival homegrown sugar.
The framework is expected to keep a steady homegrown sugar market and keep sugar costs from falling because of unfamiliar rivalry. The standard is generally set yearly and depends on a mind-boggling computation of homegrown sugar creation, utilization, and imports from different nations.
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This question is not complete, Here I am attaching the complete question:
For many years, there have been limits set on the amount of sugar that foreign producers can sell in the U.S. market. This is mandated by a
Question 14 options:
(A) net profit.
(B) tariff rate quota system.
(C) trade surplus.
(D) subsidy agreement.
4. which is the base year? explain your answer. 5. a politician states that year 4 to year 5 was a time of tremendous growth. do you agree? justify your answer. 6. your history textbook uses cpi, ppi, and gdp deflator as the exact same measures. explain here to your history teacher why this is incorrect.
The base year is the year used to calculate relative changes in the value of an economic measure.
It is typically the first year in a series of data points that are being compared. For example, if you are comparing the GDP of a country over a 5-year period, the base year would be the first year in the series. Yes, I agree. The politician's statement is supported by the data since the growth rate between Year 4 and Year 5 was higher than the growth rate of the other years. No, they are not the same measures. CPI (Consumer Price Index) measures the change in the average price of goods and services purchased by households. PPI (Producer Price Index) measures the change in the average price of goods and services produced by businesses. GDP Deflator measures the difference in prices of all goods and services produced in a given year, compared to a base year.
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due to the increased production and use of vegetable cooking oils by food manufacturers, americans need to consume more:
Due to increased production and use of vegetable cooking oils by food producers, Americans need to consume more omega-3 fatty acids.
The required details about omega-3 fatty acids is mentioned in below paragraph.
Omega-3 fatty acids can be found in a variety of foods, including fish, flaxseed, and flaxseed oil. The three main omega-3 fatty acids are eicosapentaenoic acid (EPA), docosahexaenoic acid, and alpha-linolenic acid (DHA). The primary sources of ALA include flaxseed, soybean, and canola oils. The presence of a double bond in the chemical structure of the polyunsaturated fatty acids (PUFAs) known as omega-3 fatty acids, often referred to as omega-3 oils, n-3 fatty acids, or 3 fatty acids, makes them stand out from other PUFAs.
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what two activities are part of the development of a marketing research plan?A. Take marketing actionsDefine the problemDevelop findingsB. Observing peopleAsking people questionsC. determining how to collect dataspecifying constraintsD. Recommending actionAnalyzing dataCollecting data
B. Observing people Asking people questions C. determining how to collect data specifying constraints are part of the development of a marketing research plan.
What are the two primary steps in the process of conducting marketing research?Primary research and secondary research are the two primary research techniques you can utilise to gather your data. Each compiles data from several sources to offer a precise overview of your marketing research plan.
Based on how similar products have fared in the market, you may determine whether a new idea for a business or product will take off, or in other words, if people will find it appealing. You can use it to make smart choices about marketing strategies, product packaging, and promotions.
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what are two of the differences between large and small company payroll practices quizzlet
The two differences between large and small company payroll practices lie in their level of complexity and automation.
There are several differences between large and small company payroll practices. Two of the main differences are:
1. Complexity: Large company payroll practices are generally more complex than small company payroll practices. This is because large companies have more employees, which means that they have to deal with more payroll-related issues, such as tax withholding, benefit deductions, and other payroll-related matters. Small companies, on the other hand, have fewer employees, which means that they have to deal with fewer payroll-related issues.
2. Automation: Large companies are more likely to use automated payroll systems than small companies. This is because large companies have more employees and more complex payroll practices, which makes it more difficult to manage payroll manually. Small companies, on the other hand, are more likely to use manual payroll systems, as they have fewer employees and less complex payroll practices.
Overall, there are several key differences between large and small company payroll practices, including the level of complexity and the use of automation.
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as a philosophy for business ethics, utilitarianism focuses attention on the need to__________________
As a philosophy for business ethics, utilitarianism focuses attention on the need to weigh carefully all of the social benefits and costs of a business action.
How do ethics and law relate?Governments create laws as regulations to maintain social harmony and safeguard their population. Ethics are rules created by organisations or society to determine what is right and wrong. Like it is illegal and unethical to occupy a female-only seat in the metro.
What distinguishes law from business ethics?These two terms differ just a little bit while being closely connected. Laws are the laws and regulations that are established by the government, whereas ethics are the moral ideals and principles that are socially adapted from the environment.
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the relatively fixed costs such as the costs of a plant and equipment which do not increase with an increase in the number of units manufactured are known as
As implied in the opening sentence, costs that do not rise in proportion to the quantity of units produced are known as constant production costs.
Here is an example of proportion.
A percentage is a ratio that contrasts a part to the whole. For instance, if there are 100 students in the class, 20 of them men, and 80 of them women, 20 of them are men. 80% of the population, or 80 out of 100, are women. Often terms like the Golden Ratio, Divine Section, or Golden Proportion are used to describe one of the best-known examples of proportion in art. Let's consider the following as an example of a proportionate relationship in real life: The amount of gasoline we actually consume and the number of gallons of fuel we put in our car are related.
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mary kay ash was one of the first individuals who sold cosmetics directly to customers via independent sales representatives. the company founded by mary kay is now one of the largest and most successful cosmetics companies in the world. mary kay ash would be classified as a(n)
Mary Kay Ash was one of the first individuals who sold cosmetics directly to customers via independent sales representatives. Mary Kay Ash would be classified as an Entrepreneur.
Mary Kay Ash was an American entrepreneur who founded Mary Kay Cosmetics, one of the largest and most successful cosmetics companies in the world. She is considered a pioneer in the direct selling industry, as she was one of the first individuals to sell cosmetics directly to customers via independent sales representatives. Mary Kay Ash was known for her innovative business practices, including her focus on empowering women through entrepreneurship and her use of incentives and rewards to motivate her sales force. She was a trailblazer for women in business and remains an inspiration for aspiring entrepreneurs around the world.
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segmentation based on some observable actions or attitudes by prospective customers, such as what benefits they seek, as well as where, how frequently, and why they buy, is referred to as group of answer choices c. geographic segmentation. b. psychographic segmentation. e. socioeconomic segmentation. d. behavioral segmentation. a. demographic segmentation.
Behavioral segmentation is a form of market segmentation that is based on some observable actions or attitudes of prospective customers.
Option D. is correct.
This can include what benefits they seek, as well as where, how frequently, and why they buy.
Behavioral segmentation can be used to identify customer groups that have similar behaviors and can help to tailor marketing strategies to better meet their needs.
For example, a company may identify a group of customers that purchase frequently and tailor their marketing strategies to better meet their needs.
Thus, behavioral segmentation is a useful tool for companies to tailor their marketing strategies to better meet the needs of their target customers.
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many financial analysts and economists eagerly await reports on the home price index and consumer confidence index. what would be the effects of negative reports on both of these? ie: consumers feel their home value is decreasing and purchasing power is decreasing, similar to what we saw in the great recession.
The press releases for the findings on the consumer confidence index and home price index are anxiously awaited by many financial analysts and economists.
By analysts, what do you mean?
A financial, political, banking, or industry analyst is someone whose job it is to carefully investigate something in order to learn more about it or have a better understanding of it. They frequently make forecasts (=proclamations about what will occur in the future) in relation to their findings. An analyst usually works in an office. They'll examine the data and base their conclusions on the data they gather. An analyst could be a management analyst or have a financial background. You could choose to work as a news analyst or in market research.
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for each of these scenarios, the fixed cost remains $160,000. use scenario manager to generate a summary report that gives the profit for each of these scenarios. which scenario yields the highest profit? which scenario yields the lowest profit? for subtractive or negative numbers use a minus sign.
Scenario 4. scenario 4 yields the highest profit as per the data. Managers shape the culture of their teams and workplaces in many/various ways.
Managers act as a bridge to senior management, translating higher-level strategies and goals into operational plans that drive the business forward.
In this position, managers hold senior management accountable for performance and accountability to frontline employees for guidance, motivation and support.
It is common for managers to feel torn between the demands of management and the needs of the people who carry out the company's work.
Managers are most often responsible for a specific function or department within an organization.
From accounting to marketing, sales, customer care, engineering, quality and all other groups, managers directly lead a team or lead a group of supervisors who oversee a team of employees.
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Complete question:
Consider the Eastman Publishing Company question and the following scenarios:
Scen 1 Scen 2 Scen 3 Scen 4 Scen 5
Vari Cost/Book $6 $8 $12 $10 $11
Access Price $46 $50 $40 $50 $60
Demand 2,500 1,000 6,000 5,000 2,000
For each of these scenarios, the fixed cost remains $160,000. Use Scenario Manager to generate a summary report that gives the profit for each of these scenarios. Which scenario yields the highest profit?
