Option C) Executives. The level of management that devotes the greatest amount of time to planning is Executives.
Planning is an essential function of management and involves setting goals and objectives, determining the resources needed to achieve those goals, and developing strategies to meet those objectives. While all levels of management engage in planning to some extent, executives are typically responsible for the overall direction and strategy of the organization and therefore spend the most time on planning.
Executives must take a long-term perspective and consider the broader market and competitive landscape when developing the organization's strategy. They must also allocate resources and prioritize initiatives that will help the organization achieve its long-term goals. Middle managers and supervisors are more focused on implementing the plans and strategies developed by executives and ensuring that day-to-day operations run smoothly.
Therefore, the answer is C) Executives.
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The level of management that devotes the greatest amount of time to planning is?
A) Supervisors
B) Middle Managers
C) Executives
D) Controlling
in footnotes to the financial statements, companies disclose future commitments such as for leases and purchase commitments. how is this information useful to investors? this information is not useful to investors; it only helps potential future lenders to the company it allows investors to re-create a cash flow statement as if these amounts had been paid in the current period it helps them understand the amount of future operating expenses that are committed it allows investors to re-state the balance sheet in their financial models
Companies reveal future commitments through footnotes to the financial statements, which relate to additional information a firm includes about its finances while filing a financial statement.
In order to fully disclose information, it must be presented in a way that is pertinent to the readers of the financial statements. The notes (footnotes) to the financial accounts frequently do this.
When a firm files a financial statement, it may also include additional information about its financial situation in footnotes to the financial statements. The data and accounts in the financial statements of the company are explained in the footnotes, which are also known as supplemental notes.
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____________. consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
Change in Demand is the consumers demand different amounts at every price, causing the demand curve to shift to the left or the right.
What factors influence demand?Changes in customer income, consumer preferences, the price of related goods, demographics, customer expectations, and advertising and marketing are all factors that can cause a change in demand. In general, an increase in consumer income leads to an increase in demand for ordinary goods, whereas a decrease in income can lead to a decrease in consumption. Changes in consumer preferences or demographics can also have an impact on the demand for specific goods and services. Demand can be influenced by the price of related goods such as substitutes and complements. Finally, advertising and marketing have the ability to influence consumer perceptions and generate demand for new or existing products.
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The aging of accounts receivable recognizes that an account is more likely to
become uncollectable as it gets.
A. delinquent
B. smaller
о
C. larger
O D. older
—
SUBMIT
Answer:
D. Older
Explanation:
The longer it takes, the less likely it will be paid. People who care about their credit pay it off as soon as possible. If they do not care, they know the unpaid debt will likely fall off of their credit report after 7 years depending on the situation
The aging of accounts receivable recognizes that an account is more likely to become uncollectable as it gets older.
Hence, the answer is D. older.
The aging of accounts receivable is a process of classifying accounts receivable according to the length of time they have been outstanding. Accounts that are older are more likely to become uncollectible because the customer has had more time to default on the payment.
Option A, delinquent, is incorrect because it is not the only factor that determines whether an account is likely to become uncollectible. The age of the account is also a significant factor.
Option B, smaller, is incorrect because there is no correlation between the size of an account and its likelihood of becoming uncollectible.
Option C, larger, is incorrect for the same reason as option B.
Therefore, the answer is D. older.
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a(n) difference in cash occurs when a company records a transaction either before or after the bank records the same transaction.
The difference in cash that occurs when a company records a transaction either before or after the bank records the same transaction is known as a "bank reconciliation difference."
What is the bank reconciliation difference?When a company records a transaction, such as a check payment or a deposit, it records it in its own books, which may not necessarily match the timing of the transaction being processed by the bank. The timing difference between the company's records and the bank's records can result in a difference in the company's cash balance.
For example, if a company writes a check for $1,000 and records the payment in its books, but the bank has not yet processed the check, the company's cash balance will be overstated by $1,000. Conversely, if the bank has processed the check but the company has not yet recorded it in its books, the company's cash balance will be understated by $1,000.
To reconcile these differences, a company can perform a bank reconciliation, which is the process of comparing the company's records to the bank's records and identifying any differences. The company can then adjust its records to reflect the correct cash balance.
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All of the following tests are included in the ethical decision-making metric except
Multiple Choice
the admired observer test.
the legality test.
the moral mentor test.
the publicity test.
the transparency test.
The tests are included in the ethical decision-making metric except the publicity test. Thus, option (d) is correct.
What is ethical?
A person who follows moral standards is referred to as “ethical.” The ethical aids us in determining what is good and wrong. An ethical person is one who is honest, true, values, honor, choice, and fairness.
According to the ethical decision-making, was the based on the individual as well as the working place. The ethical decision-making are not to he considers as the publicity test because as the public would view a decision.
As a result, the significance of the ethical are the aforementioned. Therefore, option (d) is correct.
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the amount of investment in an economy exceeds the amount of savings during a recession. true or false
This statement is False. During a recession, the amount of investment in the economy usually falls below the amount of savings.
This is because businesses are cutting back on investment spending, households are saving more as a precaution, and banks and other lenders are reluctant to lend money. As a result, businesses have less access to capital and are less willing to invest in new projects. This leads to a decrease in investment, which is usually less than the amount of savings. As a result, the economy does not grow and economic activity declines. This is typical during a recession and is one of the main factors that contribute to an economic downturn.
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(figure: supply and demand in the peach market) use figure: supply and demand in the peach market. the market is in equilibrium at point c. suppose most people drink peach juice in the afternoon with champagne. what will be the new equilibrium point in the peach juice market if a law banning alcohol passes?
With the help of the figure of supply and demand, the new equilibrium point in the peach juice market if a law banning alcohol passes will be Point A. The correct option is (D).
What do you mean by supply and demand?In economics, supply and demand refer to the connection between the quantity of a good that producers want to sell at different prices and the quantity that buyers want to purchase.
Supply is the total amount of a specific commodity or service that is made accessible to customers at a specific time and price.
Demand is a reflection of a consumer's intention to buy products and services; it serves as a gauge of a consumer's willingness to pay a particular price for a given good or service.
Therefore, with the help of the figure of supply and demand, the new equilibrium point in the peach juice market if a law banning alcohol passes will be Point A.
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The complete question is attached:
What type of unemployment is created by a recession ?
Periods of slow economic growth characterized crises can lead recessions .Cyclical unemployment may occur after an economic downturn in consumer demand for products & services steadily declines.
How was cyclical unemployment, and why does it manifest itself?When construction employees were laid off in the Great Recession due to the financial crisis in 2008, this was a case of cyclical unemployment. Due to the faltering housing market, there was a sharp decline in the building of new homes, which increased the cyclical unemployment rate for construction employees.
What is the root cause of cyclical unemployment?Why does unemployment cycle? People cut back on their spending during recessions, which leads to cyclical unemployment. Production declines as a result of decreased demand for goods and services. Layoffs occur as a result of decreased revenue and staffing requirements for business operations.
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you are the senior hr director at dynamo industries, a medium-sized manufacturer of small electrical motors. the firm employs 9800 people and has plants in st. paul, atlanta, and little rock. the company needs to hire a new chief executive officer (ceo), as the current ceo is on medical leave with plans to retire. what selection tools will you use for selecting the replacement ceo and why? how will you make a final decision of who to hire? be sure to consider validity, utility, and legal considerations when explaining the rationale for your choices.
As the senior HR director at Dynamo Industries, selecting a new CEO is a critical decision that will impact the future success of the company. To ensure the best selection, I would use a combination of selection tools that are valid, have high utility, and are legally defensible.
A rigorous, systematic interview procedure would be a crucial tool to use. A varied group of interviewers, including members of the board, senior executives, and managers from various functional divisions of the organization, should be involved in the interview process. The interview questions should be tailored to the exact competences, skills, and experience required for the CEO role, as well as the corporate culture and values. The interview should be geared to evaluate the candidate's abilities to lead, communicate effectively, make strategic decisions, manage change, and create connections with important stakeholders.
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Recording the transfer of partially completed from one processing department to another requires a debit and credit to the ____ in both of the processing departments
It is necessary to debit and credit the work that is still in progress in both processing departments when recording the transfer of partially completed work from one processing department to another.
What constitutes an unfinished work?The term "work in progress" (WIP), also known as "work in process," refers to inventory that has started the manufacturing process but is still not a finished good. It is no longer part of the raw material inventory. Because funds have been used to produce a finished good, work in progress is viewed as an asset on a balance sheet.
What exactly are we processing right now?Processes are typically brief-lived because they consist of a collection of actions. Work in process, as used in manufacturing, typically only lasts a short while before it is transformed into a finished good.
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somerset leasing received $38,400 for 12 months' rent in advance. how should somerset record this transaction?
Somerset should record this transaction as debit cash $38,400.
What is a transaction?A transaction is a fundamental concept in business and finance that refers to the exchange of goods, services, or money between two or more parties. In a transaction, each party has something of value that they wish to exchange with the other party. The exchange can be in the form of a sale, purchase, transfer, or agreement to do something in exchange for something else. Transactions are usually recorded and tracked to ensure accuracy and accountability. They can take many forms, such as cash transactions, credit card transactions, wire transfers, or electronic payments. In the world of finance, transactions are critical for keeping track of money flows and maintaining financial records. Accurate recording and tracking of transactions are essential for businesses, governments, and individuals to ensure financial transparency, compliance with regulations, and smooth financial operations.
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jack retired five years ago and now lives on a fixed-income annuity and a small savings account that pays him 1% interest on the balance. the current inflation rate is 1.7%. 2. jill has worked at her current position without a raise for 4 years. because inflation has risen 5% over the course of the 4 years, she has struggled to pay day-to-day living expenses and her house payment. she asked her employer for a raise and he gave her a 6% raise because she is such a good worker. 3. wendy manages a bank in the local area. the previous manager made several fixed-rate loans to customers at low interest rates to bring in new depositors. inflation is now rising at 3% per year. 4. leia just read that the national debt owed by the federal government is at an all-time high. (explain any possible impact on the federal government from unexpected inflation.)
Inflation can have significant effects on individuals, businesses, and the economy as a whole.
Inflation is eroding the purchasing power of Jack's fixed-income annuity and his savings account. The real value of his income and savings will decrease as the cost of living increases. Therefore, he may have to adjust his spending habits to maintain his standard of living.Jill's purchasing power has been eroded by inflation over the past four years. Even with a 6% raise, she may still struggle to maintain her standard of living if inflation continues to rise. If her raise is not at least equal to the rate of inflation, she will effectively receive a pay cut.Wendy's bank may be impacted by unexpected inflation if the fixed-rate loans it made become less profitable. If the inflation rate rises higher than the interest rate on the loans, the bank's profits on the loans will decrease. Additionally, the bank may experience a decrease in demand for new loans, as borrowers may be hesitant to take on new debt in a high-inflation environment.The impact of unexpected inflation on the federal government can be significant. If the inflation rate is higher than expected, the real value of the government's debt will decrease.To learn more about Inflation please click on below link.
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form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders is
An S corporation is a form of business ownership that looks like a corporation but is taxed as though it were a partnership with restrictions on shareholders.
What is the meaning of S Corp?For federal taxation purposes, S companies are businesses that choose to pass corporate income, losses, deductions, and credits to their shareholders. S company shareholders are assessed tax at their individual income tax rates and are required to declare the flow-through of their gains and losses on their personal tax returns.
As a result, S firms can avoid paying corporate income taxes twice. S companies are subject to entity-level taxation on specific built-in profits and passive income.
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selected financial information for greek food producers is presented in the following table (000s omitted). beginning raw materials inventory $500 ending raw materials inventory $200 direct labor $260 operating expenses $720 purchases of direct materials $590 beginning work in process inventory $330 ending work in process inventory $680 sales revenue $4800 manufacturing overhead $820 beginning finished goods inventory $290 ending finished goods inventory $340 what was the cost of direct materials used?
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two).
Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance.
(Beginning raw materials inventory
+
Purchases of direct materials
+
Direct labor
+
Manufacturing overhead
+
Beginning work in process inventory
+
Beginning finished goods inventory)
-
(Ending raw materials inventory
+
Ending work in process inventory
+
Ending finished goods inventory)
=
Cost of goods sold
($500+ $590+ $260+ $820+ $330+ $290) - ($200+ $680+ $340)
= $1570
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3. a marxist solution to economic crisis of overproduction would be: group of answer choices a socialist economy with government ownership of banks and businesses since economic instability is based on the exploitation of workers and reinvestment of profits. allowing business to go bust since to clear the ground for new firms and technology. laissez-faire or free market policies since the economy will tend towards full employment on its own. government stabilization through changing spending, taxes, and interest rates.
According to Marxist theory, the economic crisis of capitalism arises. This crisis occurs when capitalists produce more goods than the market can absorb.
Out of the answer choices provided, the closest option to a Marxist solution to economic crisis of overproduction would be a socialist economy with government ownership of banks and businesses, since this would allow for greater democratic control over the economy and ensure that resources are allocated in the interest of the broader community rather than for the benefit of a small capitalist class. This would also allow for the reinvestment of profits in socially useful sectors, rather than solely for the purpose of generating profit for the owners.
Allowing businesses to go bust would not be a viable solution according to a Marxist perspective, as this would lead to further unemployment and a greater concentration of capital in the hands of the remaining capitalists. Similarly, laissez-faire or free market policies would not address the underlying contradictions of capitalism that lead to economic crises of overproduction.
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when employees become disenchanted with a major change, supervisors should: group of answer choices ignore them neutralize their opposition and acknowledge their concerns transfer them confront them
When employees become disenchanted with a major change, supervisors should: neutralize their opposition and acknowledge their concerns i.e. Option 2
A supervisor or lead, (otherwise called foreman, chief, regulator, facilitator, screen, region facilitator, line director or some of the time gaffer) is the working title of a lower-level administration position that is fundamentally founded on power over labourers or a workplace. A supervisor can likewise be one of the most senior in the staff at the work environment, for example, a teacher who supervises a PhD paper. Oversight, then again, can be performed by individuals without this conventional title, for instance by guardians. The term boss itself can be utilized to allude to any workforce who have this errand as an aspect of their responsibilities portrayal.
A worker is a boss on the off chance that they have the power and position to do the accompanying activities (as per the Ontario Service of Work):
Give directions and additional orders to subordinates.
Be considered answerable for the work and activities of different representatives.
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Complete Question -
when employees become disenchanted with a major change, supervisors should: have a group of answer choices
ignore them neutralize their opposition and acknowledge their concerns transfer them confront themtrio company reports the following information for its first year of operations. direct materials $ 11 per unit direct labor $ 15 per unit variable overhead $ 5 per unit fixed overhead $ 284,200 per year units produced 20,300 units units sold 17,000 units ending finished goods inventory 3,300 units 1. compute the product cost per unit using absorption costing. 2. determine the cost of ending finished goods inventory using absorption costing. 3. determine the cost of goods sold using absorption costing.
the cost of finishing concluded absorption costing is $4,090. To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses.
is: Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded To calculate the product cost per unit using absorption costing, we must include all variable and fixed production expenses. The entire cost of production per unit is Direct materials + direct labor + variable overhead + (number of units produced) = $11 + $15 + $5 + ($284,200 20,300) = $11 + $15 + $5 + $14 = $45 per unit. As a result, considering absorption costs, the product cost per unit is $45. To calculate the cost of terminating finished goods inventory using absorption costing, multiply the product cost per unit by the number of units in the inventory. Ending completed goods inventory cost = product cost per unit x number of units in inventory = $45 x 3,300 = $148,500 As a result, the cost of finishing concluded absorption costing is $4,090.
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which of the following statements relating to process handoffs is/are true? select all that apply. question 3 options: handoffs within a process happens when the control for executing a certain activity is passed on from one lane owner to another lane owner. handoffs imply that the execution control of an activity has been passed on from one human actor to another human actor. handoffs imply that the execution control of an activity has been passed on from one actor to another. minimizing the number of handoffs is generally a desired goal, as it helps enhance process efficiency.
Statement b.), c.) and d.) are correct. Hand-offs are the times when teams or individuals communicate with one another as they transfer information and/or procedures to one another.
b.) Hand-offs mean that the control over how an activity is carried out has been transferred from one human actor to another. c.) Hand-offs suggest a transfer of authority over how an activity is carried out from one actor to another. d.) Generally speaking, reducing the number of hand-offs is a desired outcome because it improves process efficiency.
Hence, all of the above statements are correct.
Hand-off, as used in the context of business processes, occurs when ownership of a certain task is transferred from one person to another. It is also the time when the procedure is most open to attack. Here, things may and frequently do go wrong. Most likely, when people discuss bad collaboration or communication, they're talking about hand-offs.
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The complete question is:
Which of the following statements relating to process hand-offs is/are true? Select all that apply:
a.) handoffs within a process happens when the control for executing a certain activity is passed on from one lane owner to another lane owner.
b.) handoffs imply that the execution control of an activity has been passed on from one human actor to another human actor.
c.) handoffs imply that the execution control of an activity has been passed on from one actor to another.
d.) minimizing the number of handoffs is generally a desired goal, as it helps enhance process efficiency.
what did the waiter say when the customer asked what is this insect in my soup
Answer:
The waiter might say something like, "I'm sorry sir/ma'am, let me take care of that right away. I'll bring you a fresh bowl of soup." or "Oh no, I apologize. I'll remove the insect and bring you a new bowl immediately." The main objective of the waiter would be to quickly rectify the situation and make the customer happy.
Explanation:
Suppose that the hr department at the fruitguys prepared an employee and organizational capabilities inventory for chris mittelstaedt. How could he best use this information? check all that apply
Chris Mittelstaedt, the founder and CEO of The FruitGuys, feels that creating a company's culture through human resources (HR) is more important than hiring certain people.
Which HR responsibility is the most crucial?One of HR's key duties is overseeing employee salary and benefits. The efficient management of pay, leave, and insurance ensures that employee satisfaction is kept at a high level. As a human resource manager, you will be responsible for dispersing, promoting, and improving compensation and benefit packages.
What function do human resources serve in a company?Human resources can be used to develop, strengthen, or change an organization's culture. Important facets of working culture that HR is accountable for include compensation, people management, training and growth, recruiting and integration, and reaffirming the company's values.
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an increase in the wealth of consumers will likely cause price level and unemployment to change in which of the following ways? price level / unemployment a. increase / increase b. increase / decrease c. increase / stay the same d. decrease / increase e. decrease / decrease a option a b option b c option c d option d e option e
The correct answer is Option B: increase in wealth of consumers is likely to cause an increase in the price level and a decrease in unemployment.
When consumers have more wealth, they tend to spend more money, which can lead to an increase in demand for goods and services. This increase in demand can cause prices to rise as businesses try to keep up with demand. At the same time, increased consumer spending can also create job opportunities, which can lead to a decrease in unemployment. Thus, an increase in consumer wealth is likely to cause an increase in the price level and a decrease in unemployment, making Option B the correct answer.
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Price of Video Game Quantity Supplied
of Video Games Quantity Demanded
of Video Games
$50
0
500
$75
50
325
$100
200
200
$150
250
100
$200
400
0
In the supply-and-demand schedule shown above, at a price of $150, the quantity supplied of video games is _____ and the quantity demanded of video games is _____.
50, 325
250, 100
200, 200
Note that the equilibrium price as depicted in the supply-and-demand schedule for video games is $ 100.
What is the rationale for the above response?To determine the optimal price for this task, one must first grasp the Law of Supply and Demand and its mechanics.
The supply of an item or service generates demand for the good or service, according to the Law of Supply and Demand.
In this example, the growth of the video game market increases demand for video games. Demand and supply interact according to price, which is how the law works. When the price is high, the demand is low and the supply is plenty. If the price is cheap, the amount given is small, but the quantity sought is large.
This makes perfect sense when you consider that the buyer wants to pay the least amount feasible for a product, while the provider wants to earn the most amount possible.
In this situation, price is the adjustment vector that causes demand and supply to interact. There will come a moment when demand and supply are equal, which means that the number of video game customers will be the same as the number of video games sold. At this time, we say that the market is in equilibrium, and the price is the equilibrium price.
It occurs in this exercise when the quantity asked equals the quantity delivered, both in 200. The equilibrium price at that time is $100.
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raising the minimum wage increases the rate of unemployment. positive or normative?
The statement "raising the minimum wage increases the rate of unemployment" is a normative statement. Normative statements are statements that express a value judgement or an opinion about what ought to be or what should be.
They are subjective and cannot be proven true or false. On the other hand, positive statements are statements that can be tested and verified. They describe what is and are based on facts and evidence. So, the statement about minimum wage and unemployment is a normative statement because it is expressing an opinion about what the effect of raising the minimum wage will be.
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Which of these countries is benefitting through gains from trade? multiple choice question. Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade between each other to avoid import fees
The country that is benefiting through gains from international trade from the given options is:
Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently i.e. Statement 2Country a is importing goods that are produced more efficiently by country b, and in turn, is exporting goods that it produces more efficiently. This allows both countries to benefit from the gains from trade, as they can produce and trade the goods that they are most efficient at producing, resulting in increased productivity and welfare for both countries.
International trade is the trading of labour and products by organizations in various nations. Purchaser products, unrefined substances, food and apparatus are traded on the global market. Global exchange permits nations to extend their business sectors and get close enough to labour and products that were already inaccessible locally.
International trade offers purchasers and nations the chance to get labour and products that are not accessible in their nation of origin or are more costly locally. The significance of worldwide exchange was perceived right in time by political financial specialists like Adam Smith and David Ricardo.
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Complete Question -
Which of these countries is benefitting through gains from trade? multiple choice questions.
Country f imports component parts from country g and uses them to build automobiles that it exports back to country g. Country a exports small appliances but it imports cereal and dairy products from country b because country b produces them more efficiently. Country c exports all of its agricultural products at a high price and then imports those same products at a lesser cost. Country d and country e share a border and trade with each other to avoid import feesWhere does the Profit go when
closing entries?
A. Retained Earnings
B. Revenue
C. The Income Summary
D. Cash
Answer:
The profit goes to the Retained Earnings account when closing entries are made.
Explanation:
What is the first step of the selection process?
The first step of the selection process is typically to review the job application or resume to determine if the candidate meets the minimum qualifications for the position. This step is also known as the initial screening.
Which five stages of the choosing procedure are there?Open the demand, screen the applicants, interview the prospects, choose the best, and make the offer are the five distinct stages of the hiring process that recruiters can help hiring managers with.
What is the method of selection?The selection procedure refers to choosing the best applicant with the necessary skills and qualities to fill the position in the business. The selection procedure is a complicated one that takes a long time. There are several steps before the choice is made.
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which of the following is an example of material reward? i- jasper promises to take his daughter to disney land if she brings up her grades at school. ii- antoinette is volunteering to clean up the leaves at her church iii- karina should be receiving a bonus once she meets her sales figures this month. iv- a football coach will kick out of the team anyone who misses practice for no reason.
Jasper promises to take his daughter to disney land if she brings up her grades at school is an example of material reward. Toys, candy, and other pricey items are examples of material rewards. Social rewards are yet another category of reward. The answer is OPTION i
Social rewards can be even more effective than monetary prizes and are often inexpensive or even free. Additionally, they can be given more frequently and right away following actions you prefer. An impressive work title, professional advancement, individual accomplishments, accolades, etc. are a few examples. It includes things like presents, raises, and bonuses. Employees feel valued in a firm when they receive intrinsic benefits.
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assume that suvs are normal goods. data shows that household income increased in 2021, and the chip shortage has decreased the supply of cars and suvs. as a result, you can expect
We can anticipate that the price of cars has gone higher due to the chip scarcity, which has reduced the Supply of cars.
Supply: What Is It?A basic economic notion of supply refers to the total amount of a given commodity or service that is made available to consumers. When shown as a graph, supply can refer to the amount that is offered at a set price or the quantity that is offered over a range of prices.
Does greater supply equate to lower prices?When demand is constant, there is a inverse correlation between supply and the cost of products and services. Prices tend to drop to a lower price level and a greater equilibrium quantity of goods and services if supply in goods and services increases while demand stays the same.
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1) Estimate the market share. Complete the chart for the juice & smoothie category, round
to two decimal points. Add relevant dollar signs and percentages.
Company
Booster Juice
Smoothie King
Happy Planet
Maui Wow
Industry Total
$ Sales
(000s)
$500
$295
$200
$5
$1,000
2020
$ Market Share
(%)
50%
29.5%
20%
0.5%
100.0%
$ Sales
(000s)
$615
$325
$240
$20
$1,200
2021
$ Market
Share (%)
51.25%
27.08%
20%
1.67%
100.0%
4
1. Outline 4 things that you observe from these numbers.
Change 2020 vs. 2021
Sales $ %
change
+23.0%
+10.17%
+20.0%
+300%
56.17%
SOM point
change
1.25 DD
-2.42pp
0 Do
1.17pp
2. Write one SMART objective that might be included in the 2021 marketing plan for
Booster Juice.
Answer:
1. Four observations from the numbers:
a. Booster Juice has the highest market share in both 2020 and 2021, with a slightly lower share in 2021 compared to 2020.
b. Smoothie King has the second-highest market share in 2020, but its share has decreased in 2021.
c. Happy Planet has a constant market share of 20% in both years.
d. Maui Wow has the smallest market share in 2020 but has increased significantly in 2021, with a 300% increase in sales.
2. SMART objective for Booster Juice in the 2021 marketing plan:
Increase Booster Juice's market share by 1.5 percentage points (pp) to reach 52.75% of the juice and smoothie category in the next 12 months. This objective is SMART as it is specific, measurable, achievable, relevant, and time-bound.
if the federal reserve wishes to use monetary policy to reinforce congress' fiscal policy changes, it should
If the Federal Reserve wishes to use monetary policy to reinforce Congress' fiscal policy changes, it should increase the money supply when government spending is increased.
Fiscal policy refers to the use of government spending and fiscal policy to affect economic conditions, especially macroeconomic conditions. These include/contain aggregate demand for goods and services, employment, inflation and economic growth.
During a recession, governments can lower/reduce tax rates or increase spending to stimulate demand and boost economic activity. Conversely, you can raise/increase interest rates to combat inflation or cut spending to cool the economy.
Fiscal policy is often contrasted with monetary policy enacted by central bankers rather than elected government officials. Fiscal policy refers to the use of government spending and taxation to influence economic conditions.
Fiscal policy is largely/mostly based on the ideas of British economist John Maynard Keynes.
To learn more about fiscal policy, here:
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