Since managing or maintaining connections with a large number of consumers is expensive, businesses prefer having fewer customers.
By managing customer relationships, what do you mean?A program known as customer relationship management (CRM) is used to manage all interactions and connections among the clients of your business.. The goal is straightforward: to fortify business ties. CRM solutions help companies stay in touch with customers, streamline processes, and increase profitability.
What is a CRM example?Thanking customers for your business once they've made a transaction. Offer an upsell or cross-sell to a customer who purchases a specific product. sending a birthday greeting and a coupon, giving a discount to a customer who hasn't made any recent purchases.
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how does the income statement prepared for a company that sells goods (merchandiser) differ from that prepared for a service business?
The existence of inventory distinguishes a merchandising firm from a service-based one as their main distinction. Unlike service-based firms, which do not sell things to customers, retail enterprises do. This distinction must be reflected in the financial statements of the companies, including the income statements.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.
A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.
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multichannel marketing refers to group of answer choices the blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in the traditional marketplace and online. selling the same product to the same customers under two distinct brand names. selling the same product to the same customers at two different price points through two different distributors. the use of bots to find the best prices and make purchases from multiple websites simultaneously. the blending of nonelectronic communication and delivery channels to counteract the power of online buying.
Multichannel marketing refers to the blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in the traditional marketplace and online.
A customer is someone or a collection who intends to order, or makes use of bought items, merchandise, or services usually for private, social, own family, household and similar needs, who isn't immediately associated with entrepreneurial or business sports.
A consumer is the only who purchases the product for his/her personal need and uses or consumes it. A consumer can't resell the best, service or product but can devour it to earn his/her livelihood and self-employment. Definition of customer. The customer is the one who's the cease-person of any items or services.
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the ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.
At the end of the month, the first processing department's ending work-in-process inventory will contain 3000 units.
What is the Inventory process?The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods.Businesses utilize a system of special control techniques called inventory flow to manage product activity inside their operations. This process includes procuring raw materials by producers and stocking completed goods by retailers. Despite the fact that there are other sorts of inventory, the four primary ones are maintenance, repair, and operational supplies, finished goods, work-in-progress, and raw materials and components.So, a number of units at the end of the inventory process:
Units in beginning work in process = units in beginning work in process + units started into production minus units moved to the next department:
= 2,300 + 8,700 - 8,000 = 3,000
Therefore, at the end of the month, the first processing department's ending work-in-process inventory will contain 3000 units.
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Complete question:
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,300 units. The costs and percentage completion of these units in the beginning inventory were:
Cost/Percent Complete
Materials cost $7,400/ 50%
Conversion costs $3,600/
20%
A total of 8,700 units were started and 8,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
Cost
Materials cost $160,600
Conversion costs $122,300
The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.
How many units are in ending work in process inventory in the first processing department at the end of the month?
As an employee, which form do you complete in order to file your taxes, annually?.
Important details regarding your income from your company, the amount of taxes deducted from your paycheck, perks offered, and other information are displayed on a W-2 tax form.
What is W-2 tax form?A W-2 tax form shows crucial information about your company's income, the amount of taxes withheld from your paycheck, benefits provided, and other details. This form is used to file your federal and state taxes.A W-2 reports how much an employer paid an employee and how much tax it withheld over the course of the year, whereas a W-4 instructs employers how much tax to withhold from an employee's paycheck. IRS tax forms are necessary for both.The W-4 contains the employee's identifying information, marital status, dependents, and withholding allowances while the W-2 is an end-of-year reporting form that includes the employee's wages, tips, and other forms of compensation.To learn more about W-2 tax form refer to:
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_________ determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.
Break-even- determines the point at which the cumulative dollar value of the benefits from a project equals the investment made in the project.
What Is a Break-Even Point?The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
This is a crucial calculation to include in your business plan for every new venture. Potential investors want to know when they may expect a return on their investment as well as the rate at which it will occur. This is due to the fact that some businesses may take years before becoming profitable, frequently losing money in the initial months or years before achieving break-even. Break-even point is crucial in any company plan given to a potential investor because of this.
This might be a helpful tool for existing organizations to verify their potential recovery from disaster scenarios in addition to cost analysis and profit evaluation at various sales volumes.
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with a matched funding technique, portfolio managers try to match specific liability obligations due at specific times to a portfolio of bonds that minimize the portfolio's interest rate risk.
The following statement "With a matched funding technique, portfolio managers try to match specific liability obligations due at specific times to a portfolio of bonds that minimize the portfolio's interest rate risk" is true.
A portfolio plan serves as a road map for achieving your financial objectives. It is a strategy that aids in maximizing your investment results. In order to optimize their profits, investors employ a variety of portfolio methods. Typically, this entails making investments in a variety of valuable assets, including dividends and excellent wine.
The active strategy and the passive approach are two different sorts of portfolio strategies. A fund manager will purchase and sell securities as part of an active strategy in response to shifting market circumstances. You avoid routinely purchasing and selling stocks when you use a passive technique.
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develop the work breakdown structure is an activity performed in what knowledge area? group of answer choices integration management initiating process group scope management time management
Develop the work breakdown structure is an activity performed in what knowledge area integration management.
Which body of knowledge includes the Create Work Breakdown Structure procedure?The fourth procedure in the knowledge area of scope management is the create WBS process.
Why would someone utilize a work breakdown structure?For projects, programs, and even initiatives, a work breakdown structure (WBS) is a tool that may be used to comprehend the work that must be done to successfully generate a deliverable (s). Making a WBS has several advantages, including how it defines and arranges the necessary tasks.
What does a project management work breakdown structure entail?A project's tasks are organized hierarchically in a work breakdown structure (WBS). The WBS "breaks down" a project's structure into doable deliverables. Each deliverable has a job, or set of activities, allocated to it that can be further divided into smaller tasks to suit the project's requirements.
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south beach apparel issued 11,000 shares of $4 par value stock for $20 per share. what is true about the journal entry to record the issuance?
The journal entry would include a credit to additional paid-in capital $176000
An investor's payments over and above a stock's par value are referred to in accounting as "additional paid-in capital" (APIC). Frequently referred to as "contributed capital above par," When a company is in the initial public offering (IPO) phase, APIC happens when an investor purchases freshly issued shares from the company directly. Since it results in businesses receiving extra cash from stockholders, APIC, which is itemized under the shareholder equity (SE) section of a balance sheet, is seen as a profit opportunity for businesses.
There is a paid-in capital of $176,000 ($11,000 x ($20 - $4))
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Free Cash Flow from Operations represents which of the following?
A. Net Cash from Payment of Dividends
B. Net Cash after Payment of Wages
C. Net Cash from ongoing and regular business activities.
Net Cash from ongoing and regular business operations is represented by Free Cash Flow from Operations. , Thus option(C) is correct.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
Free cash flow is the amount of money that remains after a company has paid for all of its operating expenses, such as buildings, machinery, payroll, taxes, and inventories.
Therefore, Thus option(C) is correct.
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assuming the us is efficient in growing corn and therefore sells is to other countries. we call this:
Assuming the us is efficient in growing corn and therefore sells is to other countries. we call this exporting.
What is Exporting?
Exports are products and services that are produced in one nation and sold to customers in another. International trade is made up of imports and exports. Exporting is the process by which businesses from one country sell their goods and services to businesses or consumers in another country in international trade.
Energy and natural resources, raw commodities like food or textiles, and completed consumer goods like electronics are among the exports that are frequently traded between nations. Manufacturers and merchants that sell their wares to consumers in other countries are exporting them. One approach for firms to quickly increase their potential market, bring in more money, and expand is via exporting.
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According to thoreau, how would people´s lives change if they rejected conformity?.
They would have a richer life. Who or what does Georgiana represent in "the Birthmark". Death is symbolized by Georgiana's birthmark .
In the birthmark, who is Georgiana supposed to represent?Death is symbolized by Georgiana's birthmark. Every living thing, the narrator claims, has some sort of imperfection as nature's reminder that all things that are alive eventually pass away.The birthmark is gradually fading as Aylmer observes with joy. Upon awakening, Georgiana discovers her reflection in a mirror with the birthmark almost entirely gone. Aylmer is told that she is dying while still grinning. Georgiana passes away once the birthmark is fully gone.She throws away years of adulation and grows disgusted with herself because he is shocked by how she looks. She willfully takes a life-threatening risk because she firmly believes that anything should be done to make Aylmer happy.To learn more about Georgiana's birthmark refer to:
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true or false: the six major advantages to banks of international expansion are risk diversification, economies of scale, innovations, funds source, customer relationships and regulatory avoidance.
The six major advantages to banks of international expansion are risk diversification, economies of scale, innovations, funds source, customer relationships and regulatory avoidance. Hence, this statement is TRUE.
What is International expansion?
The process through which businesses from one market (commonly referred to as their home market) expand operations into a different market is known as International expansion (often referred to as the target market).
One market at a time, or regionally — for instance, extending to all of North America rather than simply to Canada or Mexico separately from the United States — can be done in this manner.
when companies create a single worldwide brand and make minimal to no adjustments for different markets. The electronics firm Apple, which uses the same technology across all markets, is possibly the best illustration of a total global takeover.
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how much would you pay for a u.s. treasury bill with 104 days to maturity quoted at a discount yield of 2.26 percent? assume a $1 million face value.
One would pay $993,471.11 for a U.S treasury bill with 104 days to maturity quoted at a discount yield of 2.26 percent
According to the question,
Discount yield = 2.26%
Days to Maturity = 104 days
Face Value = 1 Million Dollars= $ 1000000
Price Paid = Face Value × (1-(Discount Yield × Days) / 360)
= 1000000 × (1 - (0.0226×104)/360)
=$993,471.11
The amount which is issuer pays to the investor at maturity in terms of dollar value is known as the face value. The market price of the bond changes with time but the face value remains the same. One can calculate the bond's return when its sold at a discount value using the discount yield expressed as a percentage.
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in order to expand its business, mueller inc. is selling $10 million in common stock. mueller is utilizing this type of financing:
In order to expand its business, mueller inc. is selling $10 million in common stock. mueller is utilizing Equity type of financing.
Equity in the context of finance refers to ownership of assets that may be accompanied with debts or other liabilities. Liabilities value are taken out from asset value to get equity for accounting . Equity is the sum of money that a business's founder has invested in or owns. A company's equity is represented on its balance sheet by the difference between its liabilities and assets. The equity value is calculated using the share price or a value decided upon by investors or valuation specialists. Equity is the value that would be given back to a company's shareholders if all of the company's assets were sold off and all of its debts were settled. Equity can also be thought of as a percentage of remaining ownership in a company or asset.
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information systems provide managers with a means for monitoring all of the following except a. the results that flow from the actions of subordinates. b. the performance of empowered workers. c. weekly operating statistics. d. employees with over-the-shoulder supervision. e. daily operating statistics.
The correct answer is d) employees with over-the-shoulder supervision.
information systems provide managers with a means for monitoring .
Benchmarking is the process of looking externally to identify the best practice for carrying out a task, followed by the development of data to assess how well a company's performance of that task compares to the best-practice standard.
A effective rule of thumb is to define enough policies so that organizational members have clear direction in putting strategy into practice and that their activities are constrained within realistic bounds.
adopting aggressive management strategies to get rid of workplace stress, anxiety, and job insecurity
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how did president trump react to the two multilateral trade agreements, the trans pacific partnership and the transatlantic
President Trump pulled the United States out of these negotiations of two multilateral trade agreements, the trans pacific partnership and the transatlantic.
Trade involves the transfer of products and services from one person or entity to another, usually in exchange for money. Economists talk over a system or network that permits trade as a market.
An early type of trade, barter, saw the direct exchange of goods and services for different goods and services, i.e. commercialism things while not the utilization of money. Modern traders usually discuss through a medium of exchange, akin to money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between 2 traders is called bilateral trade, whereas trade involving quite two traders is called multilateral trade.
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when actual costs are lower than standard costs, it is said to be a(n) variance. a.unacceptable b.normal c.favorable d.unfavorable
A favorable variance is when actual costs are less than standard costs.
A cost is the value of money that has been used to produce something or provide a service and is now not usable for production, research, retail, or accounting purposes. In the world of business, the cost might be one of acquisition, in which case the cost is the money expended to acquire it. In this scenario, money is the input needed to obtain the item. The price paid by the acquirer above and beyond the price given to the producer, as well as the production costs borne by the original producer, may both be included in this acquisition cost. Usually, the price includes a profit margin in addition to the costs of production.
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What were the two primary opportunities for women in europe during the middle ages?.
Work and Education were the two primary opportunities for women in Europe during the middle ages.
What is primary?First or highest place or importance. A major goal in his life. First in each row, sequence, etc. in order. first in time. earliest; primitive; Principal Use means the principal or primary use of property, building, or structure. Primary or primary education is usually the first level of formal education after preschool/kindergarten and before secondary school. Primary education takes place in elementary school, elementary school, or primary and secondary school, depending on location. The International Standard Classification of Education considers primary education to be a single-stage programme, and programs are typically designed to provide basic reading, writing and mathematics skills and provide a solid foundation for learning . This is ISCED Level 1: The first level of primary or basic education.To learn more about primary from the given link :
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abby co. allows each employee two weeks of paid time off during each calendar year. since employees are working for 50 weeks, rather than 52 weeks, abby must accrue the paid time off during the 50 weeks that the employees work. the year-end adjusting entry is recorded as a credit to the ________- account.
the year-end adjusting entry is recorded as a credit to the Holiday Pay account.
What is journal entry?A journal entry is also known as a double entry which records the transaction of a company in a given period of time. Journal entry is the first step of accounting, after posting journal entries of transactions, trial balance is made which helps out in preparing of income statement and balance sheet.
Employees are paid for the days off. In the case scenario given in the question employee at Abby Co. are given two weeks off for which they need to book an accounting entry. The accounting entry will have impact on holiday pay account Being credited and salary expense account to be debited. The entry will be recorded at the year end in accounts to record the expense that is salary paid to the employee for the weeks off.
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an off-price retailing operation that is owned and operated by a manufacturer and normally carries the manufacturer's surplus, discontinued, or irregular goods is called a .
Warehouse club is an off-price retailing operation, owned and operated by manufacturer and normally carries manufacturer's surplus, discontinued, or irregular goods.
What is a Warehouse club?A warehouse club, also known as a wholesale club, is a type of retail establishment where consumers can purchase large quantities of the store's products at a discounted price. Both bargain hunters and small company owners find these establishments to be appealing. Due to the stores' minimalist design, the clubs are able to keep pricing low. Additionally, it's possible that users will need to pay annual membership fees in order to shop. Although belonging to a warehouse club superficially resembles joining a consumer cooperative, there are important differences, such as the lack of democratic member control and cooperative ownership. Bars and casinos occasionally employ member prices without having cooperative ownership.
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angela bought a life insurance policy from matt, a life insurance salesperson. if angela dies, the death benefit will be paid to her husband, daniel. if angela and daniel die together, or if daniel dies before angela, then the death benefit will be paid to their daughter, marie. who is the primary beneficiary of the life insurance policy?
The life insurance policy's main beneficiary is Daniel.
Because he will be the first to receive the life insurance coverage. The person who is first in line to receive the death benefit from your life insurance policy is known as a primary beneficiary, and they are often your spouse, children, or other family members.
The principal beneficiary of an IRA may be the spouse, whereas the primary beneficiaries of the same person's will may be the children. The IRA's proceeds will go to the spouse, and the children will get the assets for which they are the will's primary beneficiaries, but not the IRA.
The person or entity with the initial claim to your assets following your passing is known as the primary beneficiary.
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a book was on sale for 40% off its original price. if the sale price of the book was $18.00, what was the original price of the book? (assume there is no sales tax.) a) $7
The original price of the book was $30
The discounted price at which products or services are being sold is known as a sale price. Typically, this price is provided for a brief period of time in an effort to boost sales during a slow period or get rid of extra inventory. The discount is represented in the advertisement as a percentage off the list price. As a result, a sale price of $70 will be achieved with a 30% discount on a $100 list price.
Sale price = 40% off the original price
The sales price of the book = $18.00
Let x be the original price of the book
Formulating the equation we get:
Original price - 40% of original price = Sales price
x - 40% of x = 18
x - 0.40x = 18
0.60x = 18
x = 18/0.60 = $30
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A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called.
A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called trial balance.
A trial balance, a summary of all the economic statistics inside the account ledgers that guarantees the figures are accurate and balanced. If the data in the account ledgers is not correct, the accountant need to accurate it earlier than preparing the company's monetary statements.
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit score account column totals which can be identical. A employer prepares a trial balance periodically, normally on the stop of each reporting duration.
A trial balance is a list of all the overall ledger accounts contained inside the ledger of a commercial enterprise. This list will incorporate the call of each nominal ledger account and the value of that nominal ledger stability. every nominal ledger account will hold either a debit stability or a credit stability.
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which measure(s) of materiality consider(s) quantitative considerations? planning evaluation a. yes yes b. yes no c. no yes d. no no
Both Planning and evaluation are the measure(s) of materiality that consider(s) quantitative considerations. Hence, a) option is correct.
What is Materiality?
According to the accounting principle of materiality, all detail that could potentially affect investors' ability to make informed decisions must be documented or disclosed in a company's financial statements prepared in accordance with GAAP.
In essence, materiality has to do with the importance of the data seen in a company's financial statements. Information that is "material" to the firm and cannot be removed includes transactions and business decisions that are substantial enough to require reporting to investors or other readers of the financial statements. A company's financial statements will be more accurate and eventually convey a clearer picture of its financial health if materiality and other important financial accounting concepts are taken into account.
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which method is used to assign a set portion of the overall advertising budget for the organisation to social media activities?
The percentage of ad spent is used to assign a set portion of the overall advertising budget for the organization to social media activities.
A corporation or agency (Commonwealth English; see spelling variations), is an entity—together with a corporation, an organization, or an association—comprising one or greater people and having a particular purpose. The phrase is derived from the Greek phrase organon, because of this tool or tool, musical instrument, and organ. There is a selection of felony forms of companies, inclusive of organizations, governments, non-governmental businesses, political organizations, worldwide corporations, militia, charities, now not-for-income organizations, partnerships, cooperatives, educational establishments, and so forth.
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Gaining access to a safety deposit box using iris scanning is an example of _____________ authentication.
Using iris scanning to open a safe is an example of biometric authentication in action.
Explain about the biometric?Unique physical traits, like fingerprints, that can be recognised automatically are known as biometrics.
Analysis of distinctive biological and physiological traits with the purpose of establishing a person's identity is known as biometrics. The five most popular biometric identifiers are: palm or finger vein patterns, voice, iris, face, and fingerprint prints.
High security and assurance Biometric identification helps confirm identity by answering the questions of "something a person possesses and is." User Experience Quick and convenient. Everyone has access to a distinct set of biometrics, which are non-transferable. Biometrics are difficult to forge or take as counterfeit.
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Consumer programs perform which two of the following functions to protect consumers?.
They aid in the prosecution of businesses that market dangerous goods to consumers. They assist customers in locating the top product reviews from a range of sources.
Local Consumer Programs are non-profit or governmental organisations that address consumer complaints in their home states' regions, where their familiarity with the area and interest in the community enable them to help customers in a useful way. The FTC's Bureau of Consumer Protection combats unfair, deceptive, and fraudulent business practises by gathering goods consumer complaints, conducting investigations, pursuing legal action against violators, formulating rules to maintain a fair market, and educating companies and customers about their rights.
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What finite resources may be used in the production of a pair of training shoes?.
Oil, coal, or gas are examples of finite resources that may be used in the production of a pair of training shoes.
Finite resources are referred to as non-renewable resources that will eventually run out. Plastics, metals, and fossil fuels (natural gas, oil, and coal) are all examples of finite resources. Finite resources are being used at a faster rate than the rate of their natural reproduction. Finite resources cannot be synthetically reproduced.
As per the question, in the making of a pair of training shoes following finite resource might be used:
Oil: to produce synthetic or plastic rubber elementsGas or coal: to power stations in order to fuel production processYou can learn more about non-renewable resources at
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which skills are needed by managers and groups members to make a team work? (check all that apply.) multiple select question. building cooperation delivering on promises made finding constructive ways to deal with conflict increasing the level of supervision negotiating goals that everyone supports
The correct answer is All of the above Effective group management is facilitated by traits that team leaders possess. Emotional intelligence, communication, and decision-making are a few examples of skills.
dedication to resolving the conflict courtesy toward others (Listening to other team members -accepting that they think differently) transparency and integrity
It is the most efficient but also the most challenging method of handling discrepancies. To find a solution by tackling the core issue, it takes trust and dedication from all parties. Each party must be willing to understand and strive to empathize with the other's position.
Again, working together is typically the best course of action for resolving disputes over significant concerns.
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suppose goods a and b are substitutes for each other. we would expect the cross-price elasticity between these two goods to be group of answer choices positive. negative. either positive or negative. it depends whether a and b are normal goods or inferior goods. either positive or negative. it depends whether the current price level is on the elastic or inelastic portion of the demand curve.
Suppose goods A and B are substitutes for each other. We would expect the cross-price elasticity between these two goods to be positive.
Price elasticity of demand is a dimension of the change in the consumption of a product in relation to a change in its price. Expressed mathematically, it's Price Pliantness of Demand = Chance Change in Quantity Demanded ÷ Chance Change in price.
The price pliantness of demand is calculated by dividing the change in volume demanded by the chance change in price. However, the demand is considered to be elastic, If the quotient is lesser than or equal to one. However, demand is considered inelastic, If the value is lower than one.
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