Price is the element of the marketing mix is affected when the Mandarin Oriental hotel in New York increases its weekend rates to $795 per night.
What is the primary goal of marketing?In actuality, the core goal of marketing is to use messaging to draw customers to your brand. In order to turn customers into leads, your messaging should ideally be instructive and beneficial to your target demographic.
What is an illustration of marketing?In a nutshell, it is an action made to draw attention to a business's offerings, which may include both tangible products for sale and services provided. Television commercials, billboards at the side of the road, and magazine adverts are typical instances of marketing at work.
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which if the three identified outcomes and goals do you believe is most important and why?
1. ur promotional messages reaches your intended and targeted audience.
2. your audience understands the message.
3. your message stimulates the recipients and they take action.
One of the pleasant ways to determine who your target market is to seem to be at who already buys your product or service.
A accurate way to learn this is thru engaging on social or distributing customer surveys.
What is the importance of Step four target audience?Step 4 - Target Audience: the next step is to become aware of the goal consumers most possibly to buy the product. The target have to be accurately identified barring any confusion.
When analyzing your target market what 3 things you think about and why?Audience Analysis Factors
Audience expectations. When people grow to be audience participants in a speech situation, they convey with them expectations about the occasion, topic, and speaker. ...
Knowledge of topic. ...
Attitude towards topic. ...
Audience size. ...
Demographics. ...
Setting. ...
Voluntariness. ...
Egocentrism.
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A company that produces and markets video game systems wishes to assess its customers' level of satisfaction with a relatively new model, the XYZ-Box. In the six months since the introduction of the model, the company has received 73,219 warranty registrations from purchasers. The company will select a random sample of 65 of these registrations and will conduct telephone interviews with the purchasers. Specifically, each purchaser will be asked to state his or her level of agreement with each of the seven statements listed on the survey instrument given in the following table.
The Video Game Satisfaction Survey Instrument
Strongly Strongly
Statement Disagree Agree
The game console of the XYZ-Box is well designed. 1 2 3 4 5 6 7
The game controller of the XYZ-Box is easy to handle. 1 2 3 4 5 6 7
The XYZ-Box has high quality graphics capabilities. 1 2 3 4 5 6 7
The XYZ-Box has high quality audio capabilities. 1 2 3 4 5 6 7
The XYZ-Box serves as a complete entertainment center. 1 2 3 4 5 6 7
There is a large selection of XYZ-Box games to choose from. 1 2 3 4 5 6 7
I am totally satisfied with my XYZ-Box game system. 1 2 3 4 5 6 7
Here, the level of agreement for each statement is measured on a 7-point Likert scale. Purchaser satisfaction will be measured by adding the purchaser’s responses to the seven statements. It follows that for each consumer the minimum composite score possible is 7 and the maximum is 49. Furthermore, experience has shown that a purchaser of a video game system is “very satisfied” if his or her composite score is at least 42. Suppose that when the 65 customers are interviewed, their composite scores are as given in the following table.
Composite Scores for the Video Game Satisfaction Rating Case
39 44 46 44 44
45 42 45 44 42
38 46 45 45 47
42 40 46 44 43
42 47 43 46 45
41 44 47 48
38 43 43 44
42 45 41 41
46 45 40 45
44 40 43 44
40 46 44 44
39 41 41 44
40 43 38 46
42 39 43 39
45 43 36 41
Using the data, estimate limits between which most of the 73,219 composite scores would fall. Also, estimate the proportion of the 73,219 composite scores that would be at least 42. (Round your proportion (not percent) of scores answer to 3 decimal places.)
Most of the scores would fall between and
An estimate of the proportion of scores that would be at least 42 =
An estimate of the proportion of scores that would be at least 42 from the population of 73,219 is approximately 0.8385.
Estimating Satisfaction LevelThe sample of composite scores given in the table has:
mean of 42.3
standard deviation of 3.1.
Using the central limit theorem, we can estimate that the mean of the population of 73,219 composite scores would be around 42.3 and
the standard deviation would be around 3.1/sqrt(65) = 1.16.
Therefore, most of the scores (approximately 68%) would fall between 42.3 - 1.961.16 = 39.9 and 42.3 + 1.961.16 = 44.7.
To estimate the proportion of scores that would be at least 42, we can use the mean and standard deviation of the sample to find the proportion of scores that are greater than or equal to 42.
Using a z-score table, we find that the proportion of scores that are greater than or equal to 42 is approximately 0.8385. Therefore, an estimate of the proportion of scores that would be at least 42 from the population of 73,219 is approximately 0.8385.
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true fales 1-The only factor that can cause a change in quantity demand is the own price of the product
Answer:
False. While the own price of a product is one of the main factors that can affect a change in quantity demand, other factors such as changes in income, population, preferences, prices of related goods and tastes also play a role in changing quantity demand.
2. Suppose the demand function for a commodity X is given by Q= 500 - 10P. Where Q and P denotes the quantity demanded and Price of commodity respectively, then Find: i. Compute the price elasticity of this demand function. ii. What is the price elasticity of demand when the price is Birr 30? And comment what type of commodity (good) X can represent.
In the question posted, we are informed that 'When the price of commodity C rises via 10%, the volume demanded falls with the aid of 18%. ' Demand for product C is elastic (Ep >1): a 1 per cent exchange in fee leads to a 1.8 per cent exchange in the volume demanded.
When the price increases via 30% and the volume demanded drops by using 10% the charge elasticity of demand is?Inelastic demand takes place when adjustments in price cause a disproportionately small alternate in volume demanded. For example, a true with inelastic demand would possibly see its fee amplify through 30%, however demand falls by solely 10% as a result.
Is demand function identical as price?Demand feature indicates the useful relationship between Quantity demanded for a commodity and its more than a few Determinants. The volume demanded is inversely associated to price of the products, i.e., if expenses fall, the demand will increase.
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A Medicare patient is being seen today. It has been determined that Medicare has a $124.00 yearly
deductible which the patient has paid $110.00 towards the deductible the coinsurance coverage is 80/20. In
addition, the patient has Blue Cross/Blue Shield (BCBS) as a secondary insurance. Today's medical bill is $65.00.
a. Calculate the billable fee for Medicare
b. Calculate the billable fee for BCBS
c. Determine how much you will collect from the patient at this visit_
- The patients insurance will pay 70% of all medical expenses. Today's physical expenses total $435.67.
a. Calculate the billable amount to the insurance company..
b. Determine how much you will collect from the patient..
The deductibles, copays, and coinsurance associated with Medicare are some of the expenditures that Medicare supplement insurance policies assist cover.
What does the deductible in insurance mean?The deductible is the sum that an insurance policy holder must pay out of pocket before the insurance company begins to compensate. To put it another way, the insurance provider is only responsible for paying the claim amount when it exceeds the deductible.
Which three factors motivate deductibles?Deductibles are used to decrease moral hazard and modest claims, which helps keep insurance rates low. By requiring the insured to cover a portion of the cost, coinsurance is another technique frequently employed to keep premiums reasonable.
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TCS in-house knowlege managementbsyatem thatbis used for knowledge caption
Tools for managing specific know-how protected Know Max, Process Asset Libraries, Kbases and Ultimatix (Laudon & Laudon, 2012).
TCS at the beginning introduced Knowledge administration as a thought in the yr 1995. In 1998, knowledge management formed a crew referred to as the “Corporate Groupware”.
What is the position of know-how officer in TCS?One of the essential duties they are looking for to achieve is to unfold understanding and perception for the duration of the agency as an alternative than leaving it isolated in pockets of brilliance. They don't seem to idea who takes the savings for any successes, as long as the success is visible.
What are the SPOC for each and every unit?
Knowledge management is the spocs for each and every unit and looks at the know-how necessities and gaps strategically and drives km in alignment with the gadgets and commercial enterprise objectives. A Knowledge Manager comprehends the broader Business Strategy and builds a km roadmap that aligns with it.
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A jet airplane, an automatic teller machine (ATM), and a portable music player are
seen as important technologies because they helped make today's conveniences:
O very accurate.
O unsurpassable.
O widely available.
O easily replaced.
Unsurpassable. The newest technological advancements are frequently used to describe innovation, as if technology is essential to it.
Is technology always better when it's more advanced?They can either be really good for us or quite bad, so they're not always good. We believe that certain technology advancements can be harmful to our health, such as how phones transmit waves that can cause us to become infertile or get cancer or brain tumors. Technological advancements can be advantageous or detrimental.
What advantages come with modern technology?There are many advantages to new technology, of course. If so, we wouldn't be making such a large investment in it. New technology frequently reduces expenses for businesses by speeding up procedures and saving time.
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5. Assume you are about to graduate. How would you apply your job search? In what ways would you be able to create, com value as a potential employee, and what would that value is, ex prove that you can deliver that value?
Answer:
When applying for a job, I would start by researching the company and the position I am applying for. I would then create a tailored resume and cover letter that highlight my skills and experiences that make me a good fit for the role. I would also use my network to reach out to contacts who may have insight into the company or position. Additionally, I would use online job boards and job-search sites to find potential opportunities.
To create value as a potential employee, I would emphasize my unique skills, experiences, and qualifications that make me a great fit for the role. I would also demonstrate my commitment to the company by showing how I would contribute to the company’s success. Additionally, I would emphasize my work ethic and my ability to work both independently and collaboratively with a team.
To prove that I can deliver this value, I would provide examples of past accomplishments and successes that demonstrate my capabilities. I would also provide references who can attest to my abilities and provide evidence of my commitment to the job. Additionally, I would be prepared to answer questions about my qualifications and experiences during the interview process.
Explanation:
what is introduction management
Answer:
Management is what managers 'do', It is the process of coordinating work activities with and. through other people so that work activities are completed efficiently and effectively.
2. Father Michael’s Wraps (pitas, wraps, flat breads) is experiencing turnover in the range of 100 percent. Most of this occurs in the first 18 months of employment. How would you determine if this turnover rate is high? How would you justify to your boss that lower turnover is strategically important? What would you look at in both pay and other forms of rewards to identify ways of reducing turnover? Justify your choices based on your reading of this chapter.
Answer:
Explanation:
To determine if the turnover rate at Father Michael’s Wraps is high, it is important to compare it to the average turnover rate for restaurants of the same size, type, and geographic area. Additionally, it is important to compare the turnover rate to the average turnover in the industry as a whole. If the turnover rate is significantly higher than the industry average, it is likely high.
To justify to your boss that lower turnover is strategically important, it is important to explain the potential costs associated with high turnover. These costs include the cost of recruiting, hiring, and training new employees, as well as the cost of lost productivity and the disruption to customer service. Additionally, it is important to emphasize that high turnover can have a negative impact on employee morale and the company’s reputation.
To identify ways of reducing turnover, it is important to look at both pay and other forms of rewards. In regards to pay, it is important to ensure that employees are paid competitive wages in comparison to similar positions in the area. Additionally, it is important to look at other forms of rewards, such as flexible scheduling, job enrichment, and recognition programs. These forms of rewards can help to boost employee satisfaction and reduce turnover.
Justifying these choices based on the reading of this chapter requires understanding the literature on employee turnover. According to the literature, competitive wages, flexible scheduling, job enrichment, and recognition programs are all effective tools for reducing employee turnover. Additionally, research has shown that competitive wages and rewards can lead to higher levels of employee satisfaction and engagement, which can lead to improved productivity and customer service. Additionally, providing rewards and recognition can help to create a positive company culture and help to reduce turnover.
KPI Payouts are:
Prepaid Ring-out Only: $
Prepaid Activation: $
Accessories:
Equipment Protection: $
You can make $
and ring it out at the POS.
%
when you activate a prepaid device with equipment protection
Answer:
Explanation:
I'm sorry, the information provided is not complete or clear. In order to provide an answer, I would need more information about the KPI payouts, such as specific dollar amounts and percentages. Additionally, the statement in the last sentence doesn't make sense. Please provide more information or rephrase the question for me to understand better.
There may be up to a $1 temporary authorization on the credit card while setting it up, you'll be charged 2-3 days before due date, you have to cancel AutoPay separately from canceling your account.
What is credit card?A credit card is a payment card that is given to customers so they can pay a merchant for products and services based on the debt they have accumulated.
The card issuer establishes a revolving account and gives the cardholder a line of credit from which they can borrow money to pay for purchases or to get a cash advance.
Consumer credit cards and business credit cards are the two types of credit cards. The majority of cards are made of plastic, however others are made of metal or are made of metal and gemstones.
A charge card, which demands that the balance be paid in full each month or at the conclusion of each statement cycle, is distinct from a typical credit card.
The fact that a credit card often involves a third party that pays the seller and is reimbursed by the buyer, as opposed to a charge card, which only postpones the buyer's payment until a later time, is another way that credit cards and charge cards differ from one another.
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Which 4 sections of the Overview screen can help you perform a high-level review of their books?
Answer:
Explanation:
The four sections of the Overview screen that can help you perform a high-level review of your books are:
1. Financial Summary: This section provides a snapshot of the company's financial performance, including revenue, expenses, profit and loss, cash flow, and other key indicators.
2. Balance Sheet: This section provides a snapshot of the company's assets, liabilities, and equity. This can help you understand the company's financial position and make decisions regarding investments, capital expenditures, and other financial matters.
3. Profit & Loss Statement: This section provides a detailed view of the company's income and expenses. This can help you understand the company's profitability and make decisions regarding pricing and cost management.
4. Cash Flow: This section provides a snapshot of the company's cash flow, which can help you understand the company's liquidity and make decisions regarding cash management.
The ____ is the part of a business letter that greets and addresses the person to whom you were writing
Answer: The Salutation
Explanation:
The salutation of the letter is the part adressing your intended audience. In a business setting it is always formal and should include the title of who you're addressing. It usually goes something like "Dear _____".
Organizational ethics begins with?
Note that Organizational ethics begins with considering the organizational ethos.
What is organizational ethics?Organizational ethics, often known as business ethics, are the beliefs, principles, and norms that guide people in an organization's individual and collective conduct. Corporate ethics is designed to direct and control activities and business circumstances in order to avoid potentially detrimental actions.
Implementing a corporate ethical culture must begin with a consideration of the organization's ethos, or the core world beliefs and values of the business and its personnel. The ethos is a useful tool for generating a shared language among employees and understanding the organization's aims.
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The FBI wants to determine the effectiveness of their 10 Most Wanted list. To do so, they need to find out the fraction of people who appear on the list that are actually caught.
Step 1 of 2 : Suppose a sample of 455 suspected criminals is drawn. Of these people, 346 were not captured. Using the data, estimate the proportion of people who were caught after being on the 10 Most Wanted list. Enter your answer as a fraction or a decimal number rounded to three decimal places.
Reading Check EXPLAIN How can your career choice affect your lifestyle?
Answer:
Explanation:
Your career choice can have a huge impact on your lifestyle. Depending on the type of career you choose, you may have to adjust your lifestyle to accommodate the demands of your job. For example, if you choose a career in the medical field, you may need to work long and unpredictable hours, which can affect things like your ability to spend quality time with family and friends and to pursue leisure activities. Additionally, different career choices may require different levels of education and training, which can affect the amount of time and money you are able to invest in your career. Depending on the type of career you choose, you may have to relocate to a different area or even a different country, which can also impact your lifestyle. Finally, your salary and benefits package can also be affected by the career you choose, and can have a direct impact on your lifestyle.
True or false 1-TO get the market demand curve we simply add up the demands of all participates including buyers and sellers in the market
Answer:
Explanation:
?
False. The market demand curve represents the total demand for a good or service in the market. It is not calculated simply by adding up the individual demands of all buyers and sellers in the market. The market demand curve is determined by the aggregate demand of all participants in the market and takes into account factors such as the price of the good or service, the availability of substitutes, income levels, tastes and preferences, and so on.
Answer:
False. To get the market demand curve, we need to add up all of the individual demand curves of the buyers in the market. This is because individual demand curves shift based on different factors such as income, prices, and preferences. The market demand curve reflects the collective effect of all the individual demand curves.
Can you name me 2 commercial products that donate to nonprofit organization?
Two commercial products that donate to nonprofit organizations are Netflix and Amazon.
What are nonprofit organizations?Nonprofit organizations or non-profit organizations, also known as non-business entities, not-for-profit organizations, or nonprofit institutions, is a legal entities organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties.
An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs etc.
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Create a system request that you could give to the administration that explains the sponsor, business need, business requirements, and potential value of the project. Include any constraints or issues that should be considered.
Answer:
System Request:
Sponsor:
John Smith, Director of Marketing
Business Need:
The marketing department is in need of a new customer relationship management (CRM) system that will improve the efficiency and effectiveness of our sales and marketing efforts. The current system is outdated and does not have the necessary features to support our growing customer base and expanding business needs.
Business Requirements:
The new CRM system should have the capability to track customer interactions and history across all channels, including email, phone, and social media.
The system should allow for easy data entry, tracking, and reporting of sales activities and leads.
The system should be able to segment and target specific customer groups for targeted marketing campaigns.
The system should integrate with our current marketing automation software and business systems, such as our website and email marketing platform.
Potential Value:
Implementing a new CRM system will increase the efficiency and effectiveness of our sales and marketing efforts, allowing us to track better and analyze customer interactions and behavior. This will lead to improved customer retention and increased sales. Additionally, the ability to segment and target specific customer groups will enable us to create more effective marketing campaigns.
Constraints:
The budget for this project is limited and any potential solutions must be cost-effective.
The implementation of the new CRM system must not disrupt ongoing business operations and should be implemented with minimal downtime.
Data migration from the current system to the new system must be done with care to ensure that all data is accurately transferred and no data is lost.
Training and support must be provided to ensure that all employees are able to effectively use the new system.
Question 6 of 12
Which of the following sources are unreliable?
Select the 3 answer options that apply.
An inaccurate source
A source that isn't relevant to your subject
An untrustworthy source
A source that is current enough for your needs
Answer:
The top three are unreliable
Explanation:
An inaccurate source (can't be trusted)
A source that isn't relevant to your subject (not relevant to your subject)
An untrustworthy source (untrustworthy)
1. As VP of HR at Pilsner Roofing, the eleventh largest roofing company in the world, you are experiencing turnover problems with the employees who actually install roofs (roofers). General Manager Roy Cranston has asked you to fix the problem. While your primary emphasis might be on having a competitive base pay, you need to decide if there is anything you can do in the incentive department. Before you can make this decision, what information would you like about (a) pay (base + incentive) at major competitors, (b) the nature of the turnover, and (c) next year’s labor budget?
Answer:
Explanation:
a) To accurately assess the pay (base + incentive) at major competitors, I would like to know the exact salaries, wages, and incentives offered to their roofers, as well as any other job-specific benefits they may be providing. This should include details such as the amount of vacation and personal days, as well as any additional perks that could be motivating factors for employees.
b) To determine the nature of the turnover, I would like to see data on the rate of turnover, the average tenure of roofers, the reasons why they are leaving, the age and gender of the employees, and any other demographic information that might be relevant.
c) To gain a better understanding of next year’s labor budget, I would like to know the estimated expenses for hiring and training new employees, the estimated cost of additional incentives, and the potential impact that additional incentives might have on our bottom line. I would also like to know the projected demand for roofers in our local market, as well as the potential costs associated with recruiting and hiring from outside sources.
The value set for is known as:
the rejection level
the acceptance level
the significance level
the error in the hypothesis test
Answer:
Explanation:
The rejection level (or significance level) is the value set for a hypothesis test that determines the likelihood of rejecting a null hypothesis. It is also referred to as the alpha level and is typically set at 0.05 (5%). This means that there is a 5% chance that the null hypothesis is rejected even though it is true. This value is determined by the researcher and should be chosen before the data is collected and analyzed. The lower the value, the more stringent the test and the more likely it is to reject the null hypothesis when it is true. The higher the value, the less stringent the test and the more likely it is to not reject the null hypothesis even when it is false.
choose the best answer
1. what was the focal point in the old definition of marketing
A. the customer B. the product C. The supplier D. All of the above
A. The customer was the focal point in the old definition of marketing.The focal point in the old definition of marketing was the customer.
The primary focus of marketing was on identifying and meeting the needs and wants of customers, rather than just promoting and selling products Old marketing, also known as traditional marketing, refers to the historical approach to marketing that focused on promoting and selling products through mass media advertising, such as television and print ads, rather than directly engaging with customers and understanding their needs and preferences.
It was primarily focused on creating demand for a product, rather than satisfying it. The focal point of old marketing was the product itself, and the goal was to increase sales through large-scale advertising campaigns and promotions.Old marketing, also known as traditional marketing, refers to the historical approach to marketing that focused on promoting and selling products through mass media advertising, such as television and print ads, rather than directly engaging with customers and understanding their needs and preferences.
It was primarily focused on creating demand for a product, rather than satisfying it. The focal point of old marketing was the product itself, and the goal was to increase sales through large-scale advertising campaigns and promotions.
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explain the meaning of marginal groups and indicate how these groups can be empowered to participate in economic activities.
Canterbury travels case study solutions
When Canterbury Tours opened its doors, Hometown had two travel agencies. Canterbury Travels had been in business for two months.
What makes Canterbury so renowned?Since the murder of Cardinal Thomas Becket in 1170, London has been a significant pilgrimage destination in Europe. It is today recognized as one of the most gorgeous and historic cities in all of England.
The purpose of travel to Canterbury.The assassination of Bishop John Beckett in 1170 and his eventual canonization in 1173 elevated Canterbury Cathedral to the third-most crucial point of Christian travel in the world, behind Jerusalem and Rome. Canterbury Cathedral has long been a popular pilgrimage destination.
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Shahia Company bought a building for $73,000 cash and the land on which it was located for $110,000 cash. The company paid transfer costs of $15,000 ($5,000 for the building and $10,000 for the land). Renovation costs on the building before it could be used were $32,000.
The total cost of the Building, given the transfer costs and the renovation costs, would be $ 110, 000
How to find the cost of the asset ?When it comes to assets, there is something called a capitalized cost. A fixed asset's cost base on a company's balance sheet is increased by an expense known as a capitalized cost. Fixed asset construction or acquisition involves capitalized costs. Capitalized expenses are recognized over time through depreciation or amortization rather than being expensed in the period in which they were incurred.
To better align the cost of using an asset with the period of time during which the asset is producing income, costs are capitalized.
The capitalized cost for the building is:
= Purchase cost + Transfer cost + Renovation cost
= 73, 000 + 5, 000 + 32, 000
= $ 110, 000
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The question is:
What is the capitalized cost of the building to Shahia Company?
Dallas needs to find a source for his decision-making efforts. What would be the most reliable type of source he could use?
Select the best option.
Peer-reviewed journal
Professional publication
Publication from an established source
Blog
Answer:
I think that professional publication would be the answer
Should you give personal identifying information to your employer?
Answer:
Explanation:
As a general rule, you should only provide personal identifying information to your employer when it is necessary for the purpose of your employment or for compliance with legal requirements.
Examples of personal identifying information that may be required by an employer include your name, address, Social Security number, and date of birth. This information is typically used for payroll, taxes, and benefits administration.
However, before providing any personal identifying information to your employer, it's a good idea to check your company's privacy policy or ask your human resources department about how this information will be used, stored and protected.
It's also important to be aware of the laws and regulations that govern the handling of personal identifying information in your state or country, and ensure that your employer is compliant with them.
It's not a good idea to give out any personal information that is not necessary for the job. Be cautious about providing sensitive personal information, such as your banking information, credit card numbers, or passport number.
You should also be careful about providing personal information to third-party companies or vendors, even if your employer requests it.
In summary, you should only provide personal identifying information to your employer when it is necessary for the purpose of your employment or for compliance with legal requirements, and make sure that your employer is handling and protecting your personal information in a compliant and secure way.
J. Assume that an owner of house orally authorized his agent to sell the house for the minimum price of half a million. The agent agreed of to be the agent for the sale. Is the agency valid agency
Answer:
Yes, the agency is valid. Oral agreements are valid in many jurisdictions, and the agent is legally bound to the terms of the agreement. However, in order for the agency to be legally enforceable, the agreement must be supported by consideration. In this case, the consideration would be the agent's agreement to act as the agent for the sale.
Which of the following is not a component included in a standard business plan? a. executive summary b. employee summary c. market analysis d. financial analysis Please select the best answer from the choices provided A B C D
Answer:
B
Explanation:
The employee summary is not included in the standard business plan.
