Samantha was shocked because she thought hotel rooms would priced similar to those in Houston This is an example of anchoring and adjustment bias.
Anchoring and adjustment is a cognitive heuristic where a person starts off with an original idea and adjusts their beliefs grounded on this starting point. Anchoring and adjustment have been shown to produce incorrect results when the original anchor deviates from the true value.
What's the meaning of anchoring bias?Anchoring bias is a cognitive bias that causes us to calculate too heavily on the first piece of information we're given about a content. When we're setting plans or making estimates about commodity, we interpret newer information from the reference point of our anchor, rather of seeing it objectively.
What's anchoring and adjustment bias illustration?For illustration, a habituated auto salesperson( or any salesperson) can offer a veritably high price to start accommodations that are arguably well above the fair value. Because the high price is an anchor, the final price will tend to be advanced than if the auto salesperson had offered a fair or low price to start.
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pelcher company maintains a $445 petty cash fund. on january 31, the fund is replenished. the accumulated receipts on that date represent $119 for office supplies, $158 for merchandise inventory, and $79 for miscellaneous expenses. there is a cash overage of $7. based on this information, the amount of cash in the fund before the replenishment is:
The amount of cash in the fund before the replenishment is $96 if the company maintains a $445 petty cash fund.
A petty cash fund can be described as a small amount of cash kept by the company to pay for incidental expenses.
We can determine the amount in the fund before replenishment by subtracting the accumulated receipts on January 31 from the total funds.
The total accumulated receipts can be calculated as follows;
$119 + $158 + $79 = $356
Since there was a cash overage of $7, this means that the total cash fund after receipts was:
$445 + $7 = $452
Now we can calculate the amount of cash in the fund before the replenishment by subtraction as follows;
cash in the fund before replenishment = total cash - accumulated receipt
cash in the fund before replenishment = $452 - $356
cash in the fund before replenishment = $96
Hence, the amount of cash in the fund before the replenishment is calculated to be $96.
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a milestone is a significant event that normally has no duration. it often takes several activities and a lot of work to complete, but is like a marker to help in identifying necessary activities.
False : A project milestone is a major occurrence that often has no duration. A milestone serves as a kind of marker to aid in identifying tasks even if it generally requires necessary action and a lot of work to fulfill.
A milestone frequently ushers in a brand-new era. A significant day in your life could have been the day you graduated from high school. The term "milestone" actually refers to a roadside sign that indicates how far something is. The phrase is now more frequently used figuratively to denote important life milestones like college graduation or marriage. It functions somewhat similarly to the stop sign in that it frequently prompts you to consider where you are in life. A milestone can also be a non-personal occurrence that causes a significant shift, such as a significant win or a company's business milestone.
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when the yield curve is downward sloping, generally a financial manager should multiple choice expect an economic boom. utilize long-term financing. increase investment and the level of financing overall. utilize short-term financing.
When the yield curve is downward sloping, generally a financial manager should utilize short-term financing.
A yield curve is a graph that shows the yield rates for different maturities. Different maturities are represented on the yield curve's X axis, while yield rates for those maturities are shown on the Y axis.A yield curve forecasts how the economy's short-term interest rates will move.A yield curve that slopes downward signals that short-term interest rates will drop in the future.In order to take advantage of reduced short term interest rates, the management should borrow short term loans and financing while the yield curve is sloping downward because doing so would result in a cheaper cost of capital.
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according to the consumer price index (cpi), in a particular year, the price of gasoline rises in the united states by 22 percent; simultaneously, the price of all food items falls by 8 percent. which statement is correct?
According to the consumer price index (cpi), in a particular year, the price of gasoline rises in the United States by 22 percent; simultaneously, the price of all food items falls by 8 percent Based totally at the records given, we can- now no longer finish what came about to the CPI.
When there can be an upward extrude withinside the CPI, this suggests there has been a growth withinside the not unusual place extrude in fees over time. the price of gasoline withinside the United States by22 percentage. This in the long run ends in adjustments withinside the fee of living and income (in all likelihood just so income is adjusted to satisfy a higher fee of living Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) accelerated eight. 2 percent over the past 12 months to an index diploma of 296.808 (1982-84=100). For the month, the index accelerated 0.2 percent preceding to seasonal adjustment.
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consider the following metrics: does the project have: executive support and efficient resources allocated? talented and motivated personnel assigned to the project? leaders with project management expertise? a strategy to manage conflicts among stakeholders? these metrics belong to which category of success factors for projects?
Executive support and efficient resources allocated, leaders with project management expertise, talented and motivated personnel assigned to the project, a strategy to manage conflicts among stakeholders are refers to people factor.
Critical factor can be described as any property, characteristic, condition, aspect, or other parameter, variation of which may affect the scheduled process and the attainment of commercial sterility.
Success factor in management are build by several factor. There are the 10 critical success factors, such as:
User Involvement.Executive Support.Optimization.Agile Process.Clear Business Objectives.Emotional Maturity.Project Management Expertise.Skilled Resources.ExecutionTools and Infrastructure.Learn more about success factor here https://brainly.com/question/1620843
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on january 1 of year 1, jacobs company sells land in return for a $40,000 note, issued by andress company. the note is a $40,000, 8%, annual interest-bearing note. andress agrees to repay the $40,000 proceeds on december 31 of year 2. the prevailing interest rate on similar notes is 11%. assume that the cost of the land is equal to the fair value of the note.
Jacob's company sells land in return for a $40,000 note he note is a $40,000, 8%, annual interest-bearing note. andress agrees to repay the $40,000 proceeds on december 31 of year 2.Fair Value of Land =$37945
When a buyer and a seller voluntarily agree on a price for an object, the anticipated purchase or sale price is known as fair value.
An individual or organization may research current market prices for interest comparable assets, project the asset's predicted earnings, and calculate the cost to replace the asset in order to ascertain the fair value of a good or financial investment.
When a buyer and a seller voluntarily agree on a price for interest an object, the anticipated purchase or sale price is known as fair value.
To ascertain an asset's fair market value, people and corporations can assess its present market value, growth potential, and replacement cost.
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The complete question is:
on January 1 of year 1, jacobs company sells land in return for a $40,000 note, issued by address company. the note is a $40,000, 8%, annual interest-bearing note. address agrees to repay the $40,000 proceeds on December 31 of year 2. the prevailing interest rate on similar notes is 11%. assume that the cost of the land is equal to the fair value of the note. Required Prepare all entries for Jacobs over the note term, including any year-end adjustments. Use the effective interest method to amortize the discount.DateAccount NameDr.Cr.Jan. 1, 2020??????Land??Dec. 31, 2020Cash????????Dec. 31, 2021Cash????????To record interest on notice. 31, 2021. To record settlement of note the note term, including any year-end adjustments. Use the effective interest method to amortize the discount
based on the production possibility frontier, when a country decides to specialize in the production of one item, it is most likely to blank the level of production of that it
Based on the production possibility frontier, when a country decides to specialize in the production of one item, it is most likely to Increase the level of production of that item.
A production-possibility frontier (PPF), production possibility curve (PPC), production possibility boundary (PPB), or transformation curve/border/frontier is a curve that depicts different combinations of the quantities of two items that can be produced using the available resources and technology.
It is a graphical representation of all the conceivable options of output for two products that can be created utilizing all factors of production, where the available resources are completely used. The opportunity cost (or marginal rate of transformation), productive efficiency, and resource scarcity are only a few of the economic ideas that a production-possibility frontier (PPF) highlights (the fundamental economic problem that all societies face).
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samuelson's has sales of $317,000, a profit margin of 8.6 percent, an equity multiplier of 1.8, and total debt of $144,400. what is the return on equity? a) 15.48 percent b) 14.46 percent c) 7.05 percent d) 15.10 percent e) 11.25 percent
Samuelson's has sales of $317,000, a profit margin of 8.6 %, assets ratio of 1.8, and total debt of $144,400. The return on equity 15.10%.
Using a formula to calculate- Equity multiplier =Total Asset ÷ Total Asset -Total debt
1.8 Total Asset- 259,920 =Total Asset
Total asset =$324,900
Return on equity =Profit margin ×Total asset turnover × equity multiplier
Return on equity =Profit margin ×sales/Total Asset ×equity multiplier
=0.086×317,000÷324,900×1.8
=15.10%
So the correct option is (d) 15.10 Percent.
On an income statement, a company's profit is broken down into three categories, starting with gross profit and moving up to net profit, which is the most complete. Operating profit is somewhere between these two. The profit margin for each of the three are determined by dividing the profit amount by the revenue and multiplying the result by 100.
Therefore correct option is (d).
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a machine has a cost of $16,200, an estimated residual value of $4,140, and an estimated service life of eight years. the machine is being depreciated on a straight-line basis. at the end of the second year, what amount will be reported for accumulated depreciation? (do not round your intermediate calculations. round annual depreciation amount to the nearest dollar amount.)
If a machine has a cost of $16,200, an estimated residual value of $4,140, and an estimated service life of eight years. the machine is being depreciated on a straight-line basis. at the end of the second year, the amount that will be reported for accumulated depreciation is $3,015.
Accumulated depreciationWe would be making use of this formula to determine the accumulated depreciation
Accumulated depreciation = [ Cost of machine - Estimated residual value / Estimated service life ] × Number of years
Where:
Cost of machine = $16200
Estimated residual value = $4140
Estimated service life = 8 years
Number of years = 2 years
Let plug in the formula
Accumulated depreciation = [ ($16,200 - $4,140) / 8 years ] × 2 years
Accumulated depreciation = $1,507.5 per year × 2 years
Accumulated depreciation = $3,015
Therefore we can conclude that the accumulated depreciation is the amount of $3,015.
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If an employer decides to pay certain workers less than the federal minimum wage, because the workers were lazy and shirked their duties, the employer would be in violation of.
If an employer decides to pay certain workers less than the federal minimum wage, the employer would be in violation of law.
What is the Federal Minimum Wage?Corresponds to the minimum stipulated value of US$7.25 per hour of work in the United States, this being a law to protect workers and employers in relation to labor rights and duties.
In the case of the issue, for example, where workers did not fulfill their contractually stipulated duties, the employer should not reduce wages below those stipulated by the states and the American federation, but rather use other instruments to reduce negative behavior, such as warnings and dismissals.
Therefore, as provided by law, employers who violate the federal minimum wage law are liable to pay civil fines amounting to $1,000.
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what is the formula to determine the total return for a stock that currently sells for $100, pays a dividend in one year of $2, and has a constant growth rate of 8 percent?
The formula to determine the total return for a stock includes the Ending stock price, Starting stock price and the rate of the growth.
What is dividend?The amount that shareholders typically get once the firm issues the rate at which they will be issuing dividends is known as a dividend. It is frequently made or awarded after the company makes a profit.
The sum of money a purchaser derives from such an asset over a given time frame, usually a year, once all payments have been reinvested, is known as total return. The overall profit is shown as a proportion of the initial investment.
Total return for a stock = { (current price - purchase price) + dividends } ÷ purchase price.
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xyz international is planning to increase its capacity to overcome the bottlenecks in its production line. the firm plans to do this by the addition of a new machine. the company received proposals for this new equipment from two vendors. the cost revenue data for the two machines proposed by the vendors is as follows. the revenue that will be generated from the sale of each product produced by the machines is $25 per unit. what is the breakeven volume for machine a?
Let the breakeven volume for machine A be represented by Q. At the breakeven volume,
Total costs = Total Revenue
where,
Total costs = Fixed cost + (Variable cost x Number of units)
Total revenue = Revenue per unit x Number of units
For Machine A:
Total costs = $80,000 + $10Q
Total revenue = $25Q
At the breakeven volume,
Total costs = Total Revenue
$80,000 + $10Q = $25Q
$15Q = $80,000
Q = 5,333.33 units
The breakeven volume for machine A is Between 5300 and 5500 units.
Say you personal a toy shop and want to locate your damage-even point in devices. Your fixed price general is $6,000, your variable charges in step with the unit are $25, and your income fee according to the unit is $50. Plug your totals into the smash-even method to find out your wreck-even factor in gadgets. You need to sell 240 devices to interrupt even.
The break-even factor is the point at which general cost and overall revenue are identical, which means there is no loss or benefit to your small enterprise. In other phrases, you've reached the extent of manufacturing at which the costs of production equal the revenues for a product.
Wreck-even evaluation is an exceptionally useful device for a commercial enterprise and has some great benefits: it suggests how many products they want to promote to ensure earnings. It indicates whether a product is worth promoting or is too volatile. It shows the number of sales the business will make at each degree of output.
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The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Which statement is true based on the data table?
The potential cost of growing maize is estimated to be 10/60, taking into account the quantities of corn and diamonds that are produced in the United States.
How much does the production of maize cost in terms of other options?The number of diamonds that must be sacrificed in order to produce one unit of maize might be thought of as the United States "opportunity cost" associated with the production of corn.
You may verify this by looking at:
= Units of Corn Equivalent to Units of Diamonds
= 10 / 60 diamonds
In conclusion, The potential cost of growing maize is
10 / 60 diamonds
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CQ
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn Diamonds
United States
60 10
Congo
20 5
Which statement is true based on the data table?
16) In addition to owner-supplied capital, what are several other sources of financing for
a small business?
Answer:
Some financing options for a small business:
-you can get bank loan
-angel investor
-government grant (shown below as well)
-business incubator
-Small Business Administration (SBA) - For this financing option, manufacturing companies with 500 employees or fewer, and most non manufacturing businesses with average annual receipts under $7.5 million, will qualify as a small business.
-equity financing (funding given in exchange for partial ownership and future profits)
-debt financing (can be in the form of installment loans, revolving loans, and cash flow loans)
Explanation:
All of these examples of financing options are good to delve into, if you are interested in getting the funds needed to get your small business off the ground.
nokia is a cell phone brand that offers digital cameras as part of its cell phone products. it is now in direct competition with camera brands such as canon and sony, and has become the world's largest seller of cameras. this is an example of:
Nokia is a company that manufactures cell phones and includes digital cameras in those products. It is now directly competing with them. This serves as an illustration of envelopment.
In order to destroy specific enemy forces and prevent them from withdrawing, the military technique known as "envelopment" entails securing objectives in the opponent's rear. An envelopment aims to manufactures exploit an enemy's flanks rather than attacking them directly as in a frontal assault, attacking them from different directions and avoiding where their fortifications are greatest.
One or more enveloping forces will assault the enemy's flank(s), and a fixing force will target the enemy's front and "fix" them in place so that manufactures they cannot withdraw or change their focus to the enveloping forces. Performing an envelopment has dangers even though it is a successful envelopment approach. An enemy counterattack might cause the encircling force to become overextended and cut off from friendly forces, or the adversary could counterattack the fixing force.
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a manager using the net present value (npv) for evaluation of a project may assume the cash inflows from the project are immediately reinvested at the .
The concept of net present value (NPV) is used in financial management to determine the current value of all future cash flows for a certain project, such as a capital investment.
The study and science of money, money and capital assets is known as finance, commonly referred to as financial economics. It is associated with economics, which is the study of how money, assets, goods, and services are produced, distributed, and consumed, but it is not the same thing. The field of finance can be loosely classified into personal, corporate, and public finance since finance activities occur in financial systems at various scales.
Assets, such as currencies, loans, bonds, shares, stocks, options, futures, etc., are bought, sold, or traded as financial instruments in a financial system. To enhance value and reduce loss, assets can also be invested in, insured, and banked. Risks are, in fact, a constant in all financial transactions and companies. Finance is a very large discipline, and there are many different subfields within it.
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in path-goal theory, the functions of a leader that are of particular importance are to blank . multiple select question. provide coaching and direction place limits on the delegation of critical tasks increase opportunities for personal satisfaction reduce barriers to goal attainment
Increase chances for personal fulfillment, offer coaching and guidance, and lower obstacles to goal achievement.
The term "hatchment" was once used in place of "achievement," and it was derived (through such historic forms as atcheament, achement, hathement, etc.) from the French achèvement, which is a contraction of the verb achever, which is ultimately derived from the Latin ad caput venire, "to come to a head," and means "to reach a conclusion, accomplish, or achieve".
As a result, the word "hatchment" in its historical usage is identical to the English heraldic phrase "achievement" in both meaning and provenance. However, in contemporary heraldry, the term "hatchment" now refers almost solely to "funeral hatchment," with "achievement" being substituted for "hatchment" in non-funeral contexts.
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traditional career paths emphasize upward mobility within an organization. how does this differ from mobility in organizations which apply innovative career paths? based on the readings in chapter 6, discuss three innovative paths and describe how mobility occurs in each, using specific examples. be sure your contribution adds to the discussion and does not repeat examples
All businesses value upward mobility, and employees of a company place a high value on it. Traditional career routes highlight a company's strict upward mobility.
Mobility routes consist of two distinct paths. The first one is upward mobility inside the same organization, or a hierarchical path. This route is significant since it promotes internal hiring and aids in staff retention. The second route is the final outcome route. By allowing employees to move in any direction or sequence, rather than merely upwards, this road differs from the other path.
The way to proceed down this path is to Mobility side by side while maintaining your direction of travel. Employees can advance in both the managerial and technical paths while working on tasks in the parallel paths.
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ufa was successful because it spent lavishly to produce films outside of germany due to the beneficial exchange rate of the german currency after wwi.
It is untrue that UFA failed as a result of wasteful spending on films produced outside of Germany due to the favorable exchange rate of the German mark following World War One.
A currency's exchange rate is the cost at which two different currencies can be converted between two different countries UFA or economic regions. It is used to calculate the value of different currencies in relation to one another and is crucial in figuring out how trade and capital flows operate.
A country's trade and the flow of money between nations are impacted by the exchange rate, which is the rate at which one currency will be exchanged for another.
The economic activity, market interest rates, gross domestic product, and unemployment rate in each of the countries are frequently used to calculate the exchange rate between two currencies. They are sometimes referred to as market exchange rates and are determined in the 24-hour currency trading that takes place UFA between banks and other financial institutions on the international financial market. Rate adjustments might happen hourly, daily, in big incremental shifts, or both.
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An operating cycle is the length of time it takes to convert inventory to accounts receivable plus the time it takes to convert the account receivable back to cash. This statement is.
The time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle.
It is, in other words, the time it takes for a business to convert its inventories into cash. Depending on the sector, an operational cycle can be any length. The following components make up the operating cycle: includes the average collection period (365 days/accounts receivable turnover ratio) plus the days' sales in inventory (365 days/inventory turnover ratio). The amount of days that pass between the time you buy goods and the time customers pay for it is known as the operating cycle. The amount of days between when you purchase inventory and when you get payment from your clients is known as the cash conversion cycle. The accounts receivable, inventory, and accounts payable cycles are examined in terms of days by the operational cycle. In other words, the average number of days it takes to collect an account is used to examine accounts receivable. The days needed for a business to receive inventory, sell the goods, and collect money from the sale of the inventory are referred to as an operating cycle. This cycle is crucial in evaluating how effectively a business operates. It is the period of time between paying suppliers in cash and collecting payment from customers. The operational cycle would be lengthened by which of the following? easing loan conditions and giving clients more time to pay.
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What type of decision-support system analysis attempts to predict the impact of changes in the assumptions, that is, the input data, on the proposed solution?.
Decision-support systems use what-if analysis to predict how changes to the input data or assumptions would affect the suggested solution.
An information system called a decision support system (DSS) assists businesses in making decisions that need judgment, analysis, and a course of action. The analysis of enormous volumes of unstructured data and the gathering of data that can help with problem-solving and decision-making from input data are both beneficial to an organization's mid- and high-level management. A DSS may be operated automatically, manually, or in conjunction with both.
A decision support system creates detailed information reports through data collection and input. Because its goal is to acquire data rather than analyze it, a decision-support system varies from a traditional operations program.
Planning departments in an organization, like the operations department, employ decision-support systems to collect data and provide reports that management may use to make choices. A DSS is generally used to send information to clients in an understandable manner, for data on inventories and operations, and for sales projection.
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readers will usually interpret a business message containing the repeated use of the we-voice as multiple choice question. pushy. inflexible. insincere. team-focused.
Readers will usually interpret a business message containing the repeated use of the we-voice as team-focused.
A business is described as an organization or enterprising entity engaged in business, industrial, or professional sports. companies can be for-income entities or non-profit agencies. commercial enterprise sorts range from restricted liability groups to sole proprietorships, businesses, and partnerships.
The definition of business is an profession or trade and the acquisition and sale of services or products to make a earnings. An instance of enterprise is farming. An instance of business is a house sale.
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yolanda is your client. with her current level of taxable income, she is paying tax at 24% marginal rate. she received $2,000 in qualified dividends this year. what rate of tax do you expect that yolanda will pay on her dividends?
The dividends will be taxed at 15%.
According to the Internal Revenue Code of the United States, qualified dividends are ordinary dividends that satisfy certain requirements in order to be taxed at the lower long-term capital gains rate as opposed to the higher tax rate for an individual's ordinary income.
Qualified dividend rates range from 0% to 23.8%. Prior to its passage, the Jobs and Growth Tax Relief Reconciliation Act of 2003 did not distinguish between qualified and regular dividends; instead, all dividends were either exempt from taxation or subject to the same rate of taxation.
The payee must have owned the shares for a sufficient amount of time, typically 60 days for common stock and 90 days for preferred stock, in order to be eligible for the qualified dividend rate.
Taxation on the eligible dividends is advantageous. The dividends will be subject to 15% tax because Yolanda is in the 24% tax bracket.
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You would like to buy shares of international business machines (ibm). the current bid and ask quotes are $96.17 and $96.24, respectively. you place a market buy-order for 100 shares that executes at these quoted prices. how much money did it cost to buy these shares?
It would cost $96 to buy 100 shares of IBM.
What is shares?
A share is a unit used in mutual funds, limited liability partnerships, as well as real estate investment trusts in the financial markets. Share capital is the collective term for an organization's shares. A stockholder (or share holder) of a corporation is someone who owns shares in that company. A share is an undividendable piece of capital that expresses the shareholder's ownership of the company. A share's face value, which may not correspond to the market value of the those shares, is its denominated value. The total face value of all issued shares represents a company's capital. A dividend is the revenue derived from of the ownership of shares. It cost $9624 to buy these shares. The bid price is the price at which the market maker is willing to buy the stock, and the ask price is the price at which the market maker is willing to sell the stock. In a market buy-order, you are buying the shares at the ask price.
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The 2nd highest country after the usa in square footage of retail space per capita is.
In 2018, the United States had the highest square footage of retail space per capita worldwide at 23.5 square feet per person. Canada and Australia followed behind with 16.8 and 11.2 square feet, respectively.
Capita percent usually referred to as Capita, is an international business procedure outsourcing and expert services company founded in London. It's by far the most important business manner outsourcing and expert services agency in the united kingdom, with a typical marketplace percentage of 29% in 2016, and has clients in central authorities, neighborhood authorities, and the private zone. It also has a belongings and infrastructure consultancy division that is the fourth-largest multidisciplinary consultancy in the united kingdom. Roughly half of its turnover comes from the non-public quarter and a half from the general public zone. Whilst united kingdom-centered, Capita also has operations across Europe, Africa, and Asia.
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samples would be an appropriate promotional strategy: group of answer choices to support an everyday low price (edlp) strategy. in the decline stage of a product's life cycle. to introduce a new product into the marketplace. to facilitate a push promotional strategy.
Samples would be an appropriate promotional strategy: C. to introduce a new product into the marketplace.
A creation strategy is defined by the plan and tactics you apply in your marketing plan to increase your product or service demand. Promotional strategies play a vital part in the marketing blend( product, price, placement, and creation), and they revolve around the Target audience. Marketing strategy is a process that can allow an association to concentrate its limited coffers on the topmost openings to increase deals and achieve a sustainable competitive advantage. Types of promotional strategies include traditional and online advertising, particular selling, direct marketing, public relations, and auspices and deals elevations.
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when the demand function is inelastic at a given price, it means that: group of answer choices a 1% increase in price will lower demand by more than 1% any drop in price will increase demand by a very large amount a firm can increase their revenue by increasing price an increase in price will increase quantity demanded
When demand for a product does not fluctuate as much as price fluctuation, this is known as inelastic demand. Demand is considered to be inelastic when price increases by 20% but drops in demand only by 1%.
The term "inelastic refers" to an item or service's static quantity when its price fluctuates.When the cost of an item or service increases, customers' purchasing patterns essentially remain the same, and when the cost decreases, consumers' purchasing patterns similarly remain stable. This is known as inelastic demand.The demand for an item or service would not fluctuate independent of price if it were perfectly inelastic, but none of these things exists.The difference between elastic and inelastic is that the latter experiences considerable variations in demand as the price changes.While luxury commodities like cruises and expensive watches are seen to be elastic, necessities like prescription drugs are thought to be inelastic.Learn more about Inelastic demand, here
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maggie is most efficient at making beaded necklaces, while angie is most efficient at producing clay bowls. they make the products they are most efficient at making and trade with each other. this is an example of:
Maggie is most efficient at making beaded necklaces, while Angie is most efficient at producing clay bowls. they make the products they are most efficient at making and trade with each other. this is an example of specialization.
In economics, the belief of ceteris paribus, a Latin word meaning "with different matters the same" or "different matters being same or held constant," is crucial in figuring out causation. It allows isolate a couple of unbiased variables affecting a based variable product.
Macroeconomists have a look at subjects together with GDP (Gross Domestic Product), unemployment (which includes unemployment rates), countrywide income, rate indices, output, consumption, inflation, saving, investment, energy, global trade, and global finance.
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Arizona united inc. And sunny town ltd. Operate in a competitive market. Arizona united inc. Sells 800 units and its total revenue is $120,000. Sunny town ltd. Sells 650 units, what is its total revenue?.
It brings in a total of $97,500. Total Revenue = Price * Quantity, sometimes known as TR = P * Q, is the formula used to calculate total revenue.
Define total revenue.Total revenue is the amount of money generated by a company's sales of goods and services. In other words, companies use this figure to evaluate the efficiency with which their main sources of income are producing profits. Marginal revenue and total revenue are inversely connected.
Total Revenue = Price * Quantity, sometimes known as TR = P * Q, is the formula used to calculate total revenue.
Arizona 's
p = x
Q = 800
TR = 120000
so p = 120000/800= $150
where
Sunny's
P = $150
Q = 650
so TR = 150 * 650 = $97,500
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__________ are those organizational values that have become so taken for granted over time that they become the core of the company’s culture.
Enacted values are those organizational values that have become so taken for granted over time that they become the core of the company’s culture.
In ethics and social sciences, cost denotes the degree of significance of something or movement, with the intention of determining which actions are exceptional to do or what manner is pleasant to live (normative ethics in ethics), or to explain the importance of different movements. Value systems are prospective and prescriptive ideals; they affect the ethical conduct of someone or are the premise of their intentional sports. Often number one values are robust and secondary values are suitable for adjustments. What makes a motion precious may additionally in flip depend upon the moral values of the items it will increase, decrease, or alters. An item with "ethic price" can be termed an "ethic or philosophic true" (noun experience).
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