Explanation:
Feedback is an essential component of the strategic management model. It is the process of providing information to individuals or organizations about their performance, behavior, or decisions, which can be used to improve their future actions. Feedback can come from various sources, such as customers, employees, shareholders, or other stakeholders, and can be used to evaluate the effectiveness of the strategy and make necessary adjustments.
Here are some reasons why feedback is important in the strategic management model:
Evaluate performance: Feedback helps in evaluating the performance of the organization, its leaders, and its employees. It provides valuable insights into the effectiveness of the strategy and helps in identifying areas of improvement.Correct mistakes: Feedback allows for the identification of mistakes or errors in the strategy, and provides an opportunity to correct them. It helps in ensuring that the organization stays on track towards achieving its objectives.Identify opportunities: Feedback can help in identifying new opportunities that were previously unknown or overlooked. It can provide insights into customer needs, market trends, or technological advancements that can be leveraged to gain a competitive advantage.Improve communication: Feedback helps in improving communication within the organization. It provides a platform for open and honest discussions, which can help in building trust and strengthening relationships between different stakeholders.Foster innovation: Feedback can help in fostering a culture of innovation within the organization. It encourages experimentation, risk-taking, and continuous learning, which are critical to staying ahead in a rapidly changing environment.In conclusion, feedback is a crucial component of the strategic management model. It helps in evaluating performance, identifying mistakes and opportunities, improving communication, and fostering innovation. Organizations that embrace feedback and use it to continuously improve their strategy are more likely to achieve their objectives and succeed in today's dynamic business environment.
fill in the blank. ___ is when former policy makers transition to become lobbyists. group of answer choices trading places mobilization the revolving door rotation
The Revolving door is when former policy makers transition to become lobbyists.
The revolving door is the concept of people transitioning between working in the government and in the private sector, particularly lobbying. This usually occurs when former government officials, elected representatives, or their staff members begin to work as lobbyists.
This transition often results in lobbying efforts that are focused on influencing or changing government policies, regulations, or laws. This process is known as the revolving door because of how often individuals move back and forth between the two sectors, causing a revolving effect.
Policy-makers who have experience and knowledge about the workings of the government are often employed as lobbyists by private sector companies or interest groups. This allows them to use their connections and inside knowledge of the government's workings to influence policy decisions in favor of their employers.Lobbyists, on the other hand, may use their experience and connections in the private sector to secure jobs in government or with elected officials.
This can lead to lobbying efforts to benefit their employers or clients, using their position to gain influence in government decision-making.The revolving door is a controversial concept because it can be seen as a conflict of interest, where policy-makers and lobbyists prioritize their personal interests over the public interest. It can also result in the undue influence of corporations and interest groups in the government's decision-making process.
In conclusion, the revolving door is when former policy-makers transition to become lobbyists. It is a process of people transitioning between working in the government and in the private sector, particularly lobbying. It is controversial because it can be seen as a conflict of interest and can result in undue influence.
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TRUE/FALSE. When the government budget deficit rises, national saving is reduced, interest rates rise, and investment falls.
True, National saving declines, interest rates increase, and investment declines when the budget shortfall of the government increases.
By government budget, what do you mean?An annual financial or fiscal term, that can or cannot coincide with the calendar year, is the time frame for which the government projects its revenues and expenditures in a budget. Taxes make up the majority of government revenues, while government spending makes up its expenditures. Three types of government budgets are possible: When government revenues and expenses are equal, the budget is balanced. Budget deficit: the situation in which government spending exceeds revenue.
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Which of the following are MIS-related strategic roles found in an organization? (Check all that apply) an ne cki of Check All That Apply led-fo Accounting ercel mi CCO -fi-cor king erce/ille Marketing the own CIO CSO
The MIS-related strategic roles found in an organization are CIO, CSO, and CCO. These three roles are the strategic roles that are related to MIS (Management Information Systems) in an organization.
Management Information System (MIS) is an information system that assists businesses in making important decisions and manage the company's data and information. MIS's major objective is to improve the management of an organization's operations and decision-making by presenting accurate and timely information to decision-makers.
Three of the most significant MIS-related strategic roles found in an organization are: Chief Information Officer (CIO)The Chief Information Officer (CIO) is a senior executive in charge of the organization's IT (Information Technology) and computer systems, as well as implementing new technologies to boost efficiency and productivity.
The CIO's role is to collaborate with senior management to create and execute a technology strategy that is aligned with the organization's business objectives. Chief Security Officer (CSO)The Chief Security Officer (CSO) is a senior executive in charge of an organization's IT security, such as data breaches, cyberattacks, and other forms of computer-related harm.
Chief Compliance Officer (CCO)The Chief Compliance Officer (CCO) is a senior executive in charge of an organization's compliance with regulatory, legal, ethical, and procedural standards.
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fill in the blank. the bullwhip effect refers to the phenomenon when the variability in___to be substantially smaller than variability in___
The bullwhip effect refers to the phenomenon when the variability in demand within the supply chain is substantially greater than the variability in consumer demand.
A supply chain phenomenon known as the bullwhip effect explains how modest changes in demand at the retail level can lead to steadily bigger changes at the wholesale, distributor, manufacturer, and raw material supplier levels. The physics of a whip crack inspired the name of the effect. The very slight movement of the person holding the whip snapping their wrist causes the wave patterns to progressively get louder.
In supply chain management, only a portion of the supply chain is directly under the direct control of consumers, suppliers, manufacturers, and salespeople. Nonetheless, each has an impact on the entire chain due to their inaccurate forecasts (ordering too much or too little). Any alteration along the supply chain might have a significant impact on the other links. Given this, the bullwhip effect in supply chain management has a wide range of contributors and causes.
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a metric goal is a___ goal set by a company that is evaluated using metrics.
A metric goal is a measurable goal set by a company that is evaluated using metrics. Option 2)
This means that the goal can be quantified and tracked using data and analytics. Metric goals are essential in the process of setting objectives and determining success. By setting specific, measurable goals, a company can identify areas of improvement, track progress, and make data-driven decisions. It is important for metric goals to be achievable, relevant, and time-bound.
By setting measurable goals, a company can effectively evaluate its performance and make adjustments to improve its operations and achieve its overall objectives.
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Full Question: A metric goal is a _____ goal set by a company that is evaluated using metrics.
1. conceptual
2. measurable
3. theoretical
4. finite
which of the following organizations would fall into the category of a cartel because it sets prices and production level for the industry?
OPEC (Organization of the Petroleum Exporting Countries) because it sets prices and production level for the industry.
What is OPEC ?The Organization of the Petroleum Exporting Countries (OPEC) refers to a group of 13 countries that are the world's largest oil exporters. OPEC was established in 1960 to coordinate the oil policies of its member countries and to provide technical and economic assistance to them. OPEC is a cartel that aims to control oil supply in order to fix the price of oil on world markets to avoid fluctuations that can affect the economies of both producing and purchasing countries.
OPEC members include Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela (the five founding countries), as well as Algeria, Angola, Congo, Equatorial Guinea, Gabon, Libya, Nigeria, and the United Arab Emirates.
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Perez Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks.
Required
October sales are estimated to be $220,000, of which 45 percent will be cash and 55 percent will be credit. The company expects sales to increase at the rate of 20 percent per month. Prepare a sales budget.
The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts.
The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month’s cost of goods sold. However, ending inventory of December is expected to be $13,000. Assume that all purchases are made on account. Prepare an inventory purchases budget.
The company pays 80 percent of accounts payable in the month of purchase and the remaining 20 percent in the following month. Prepare a cash payments budget for inventory purchases.
Budgeted selling and administrative expenses per month follow:
Salary expense (fixed) $ 19,000
Sales commissions 5 % of Sales
Supplies expense 2 % of Sales
Utilities (fixed) $ 2,400
Depreciation on store fixtures (fixed)* $ 5,000
Rent (fixed) $ 5,800
Miscellaneous (fixed) $ 2,200
*The capital expenditures budget indicates that Perez will spend $210,000 on October 1 for store fixtures, which are expected to have a $30,000 salvage value and a three-year (36-month) useful life.
Use this information to prepare a selling and administrative expenses budget.
Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses.
Perez borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $22,000 cash balance. Prepare a cash budget.
Sales budget:
October: $220,000
November: $264,000
December: $317,600
Schedule of Cash Receipts, Inventory Purchases Budget, Cash Payments Budget for Inventory Purchases, Selling and Administrative Expenses Budget, Cash Payments Budget for Selling and Administrative Expenses and Cash Budget are listed below:
What is Sales?Sales is the process of exchanging goods and services for money. Sales is a key component of the exchange of goods and services between buyers and sellers.
Schedule of Cash Receipts:
October: $99,000 (45% of October sales)
November: $220,000 (100% of October sales)
December: $264,000 (100% of November sales)
Inventory Purchases Budget:
October: $132,000 (60% of October sales)
November: $158,400 (60% of November sales)
December: $198,320 (10% of December sales + $13,000 ending inventory)
Cash Payments Budget for Inventory Purchases:
October: $105,600 (80% of October purchases)
November: $126,720 (80% of November purchases)
December: $158,656 (80% of December purchases)
Selling and Administrative Expenses Budget:
October: $19,000 (salary expense) + $11,000 (sales commissions) + $4,400 (supplies expense) + $2,400 (utilities) + $5,000 (depreciation) + $5,800 (rent) + $2,200 (miscellaneous) = $49,800
November: $19,000 (salary expense) + $13,200 (sales commissions) + $5,280 (supplies expense) + $2,400 (utilities) + $5,000 (depreciation) + $5,800 (rent) + $2,200 (miscellaneous) = $53,080
December: $19,000 (salary expense) + $15,552 (sales commissions) + $6,352 (supplies expense) + $2,400 (utilities) + $5,000 (depreciation) + $5,800 (rent) + $2,200 (miscellaneous) = $55,104
Cash Payments Budget for Selling and Administrative Expenses:
October: $48,000 (salary expense + sales commissions + supplies expense + utilities + depreciation + rent + miscellaneous)
November: $48,000 (salary expense + sales commissions + supplies expense + utilities + depreciation + rent + miscellaneous) + $2,400 (utilities) + $11,000 (sales commissions) = $61,400
December: $48,000 (salary expense + sales commissions + supplies expense + utilities + depreciation + rent + miscellaneous) + $2,400 (utilities) + $15,552 (sales commissions) = $66,952
Cash Budget:
October: $210,000 (capital expenditures) + $99,000 (cash receipts) - $105,600 (cash payments for inventory purchases) - $48,000 (cash payments for selling and administrative expenses) + $22,000 (cash balance) = $87,400
November: $220,000 (cash receipts) - $126,720 (cash payments for inventory purchases) - $61,400 (cash payments for selling and administrative expenses) + $22,000 (cash balance) = $110,880
December: $264,000 (cash receipts) - $158,656 (cash payments for inventory purchases) - $66,952 (cash payments for selling and administrative expenses) + $22,000 (cash balance) = $148,392
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Compare the demand for water with the demand for wine.
The demand for water is likely
A. relatively more inelastic because water is a necessity
B. relatively more elastic because water is a necessity
C. relatively more inelastic because water is a luxury
D. equally elastic as the demand for wine
E. relatively more elastic because water is a luxury
The correct option is (A) relatively more inelastic because water is a necessity.
Demand of water -Society, society and industry require water for many purposes. The water requirement is an accurate estimate of the total amount of water. The unit of water demand he LPCD (liters per person per day). When planning a local water supply system, it is important to determine the total amount of water needed for different purposes
The required amount of water per person is displayed. Per capita water demand = (Total annual city demand in liters/(365 times design population)). The water requirement per person is 335 liters/hour/day.
Conceptually, the two terms do not have the same meaning, but are often simplistically equated with water extraction.
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If the government increases expenditures on goods and services and increases taxation by the same amount, which of the following will occur?A) Aggregate demand will be unchanged.B) Aggregate demand will increase.C) Interest rates will decrease.D) The money supply will decrease.E) The money supply will increase.
If the government increases expenditures on goods and services and increases taxation by the same amount then aggregate demand will be unchanged.
this selection is correct due to the fact combination demand curve will stays the same in this sort of manner that the government expenditure increases by way of identical amount than growth in taxation such that the aggregate expenditure remains the identical
government expenditure is the expenditure made in producing goods and services in an economic system. The authorities expenditure is the expenditure on roads, railway and items and services. The government expeniture is the expenditure to produce output.
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The price of two funds are as follows at the end of the day of Tuesday, January 15th:
NAV Offering Price Net Asset Change
Fund X 10.20 10.95 -0.04
Fund Z 11.80 12.57 -0.08
One of your clients called and entered a redemption order for 250 shares of Fund X on that Tuesday morning. What would this investor receive?
(A)The investor will receive $2,550, less any change in market value.(B)The investor will receive $2,550.(C)The investor will receive $2,540 less any change in market value.(D)The investor will receive $2,540
The amount of the investment is $2,550. Investors will receive the most recent NAV when they redeem their shares, $2,550 (option b)
What NAV is preferable, high or low?Aim high or shoot low while purchasing mutual funds, in general. This is the cause of the negative street perception of mutual funds with high net asset values (NAV). A fund with such a large NAV is viewed as pricey and, mistakenly, as offering a low rate of return on you investments. An investment company's net asset value, also known as or NAV, is the sum of its assets less the sum of its liabilities.
This would be 250 times $10.20, or 250 shares. $10.20 X 250 ≈ $2,550
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In the context of marketing, selling their products, blank means encouraging consumers to buy through different venues
O multichannel retailing
O independent wholesaling
O merchant wholesaling
O independent retailing
Option (a), Multi-channel retailing refers to encouraging customers to make purchases through many channels when it comes to marketers selling their items.
What precisely is meant by "multi-channel retailing"?Multichannel retailing is the process of using many channels to provide the same products on different platforms. Brick and mortar shops, online shops, mobile app stores, and other outlets are only a few of the countless channels. There are both online and offline platforms that could be used.
Gives your customers a variety of purchasing options: is multi-channel retailing a marketing strategy?Multi-channel retailing is a hybrid strategy that brings together a range of options. Consumers can choose between purchasing products at an outlet or using online marketplaces to buy their selected products.
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Which of the following goods is likely not to be included in CPI calculations that take 1982-1984 as the base year?
motor Oil
baseballs
laptop Computers
bread
CPI calculations generally include goods that people typically purchase on a regular basis in order to measure the changing cost of living. Laptop computers were not widely available in 1982-1984, so they would not be included in the CPI calculations for that base year.
What is CPI calculation?Consumer Price Index (CPI) is a measure of the average change in prices over time in a basket of goods and services representing the market basket of a typical consumer. CPI is calculated by taking the price of a particular basket of goods and services in a given period of time, then comparing it to the same basket of goods and services in a previous period of time. This comparison is done to determine the rate of inflation and deflation for that period of time. CPI calculations are also used to measure the cost of living, economic activity, and economic trends in a given area. CPI is used by economists and policy-makers to make decisions and develop policies to improve economic conditions.
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Uncle Joey sets up an account under the Uniform Gifts to Minors Act (UGMA) regulations for little Michelle. If he wants to maintain control over the securities in the account until Michelle is old enough to take over, which of the following statements would be correct?
The correct statement is that Uncle Joey will be able to maintain control over the securities in the UGMA account until Michelle reaches the age of majority, which varies by state. Once Michelle has reached the age of majority, she will be able to take over the account and manage it herself.
As per the Uniform Gifts to Minors Act (UGMA) regulations, if Uncle Joey wants to maintain control over the securities in the account until Michelle is old enough to take over, he can do so as long as he is the custodian of the account. While the Uniform Gifts to Minors Act (UGMA) has been renamed the Uniform Transfers to Minors Act (UTMA) in many states, the principles behind these acts remain the same: they allow a minor to receive gifts such as money, securities, or real estate, without requiring the creation of a trust or another legal vehicle. Under the Uniform Gifts to Minors Act (UGMA), Uncle Joey can establish a trust for little Michelle and fund it with cash or securities.
The trust is considered a gift for Michelle's benefit, but she cannot take control of it until she turns 18. The custodian of the account has the right to control the securities in the account until Michelle becomes an adult. After she reaches the age of majority, Michelle may take control of the account and use the money as she sees fit.The main advantage of UGMA accounts is their tax benefits. The income generated by the account is taxed at the minor's tax rate rather than the custodian's, which is typically higher. As a result, UGMA accounts may be a good option for long-term investment purposes.
The Uniform Gifts to Minors Act (UGMA) is a law that enables parents or other relatives to create custodial accounts for children without having to establish a trust. These accounts can be established by any individual, including parents, grandparents, aunts, uncles, and friends, and are available to minors under the age of 18. The custodian of the account has control over the securities in the account until the minor turns 18.
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FILL IN THE BLANK ___ is defined as the sustained display of hostile verbal and nonverbal behaviors, excluding physicalcontact
Aggression is defined as the sustained display of hostile verbal and nonverbal behaviors, excluding physical contact.
Aggressive behavior can include verbal outbursts such as shouting and cursing, as well as nonverbal cues such as glaring and grimacing. Aggression is distinct from physical contact, such as hitting, kicking, and pushing. Aggression is a form of communication and is often a response to perceived provocation, although it may also be used to intimidate and gain power over someone.
Verbal aggression includes insulting and demeaning language, name calling, and spreading rumors.
Nonverbal aggression can include posturing, such as standing tall and making oneself look larger, and facial expressions such as glaring and grimacing.
Physical aggression involves hitting, kicking, and pushing, and can be very dangerous.
Aggression can also take the form of passive aggression, which is indirect and manipulative, and involves withholding cooperation or being hostile.
Aggression can lead to physical, psychological, and social harm. It can disrupt relationships, lead to feelings of shame, guilt, and depression, and can create a hostile and threatening environment. Therefore, it is important to understand and recognize the signs of aggression in order to address and prevent it.
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The main purpose of aggregate operations planning (in make-to-stock industries) is to specify the optimal combination of which of the following?
1. Production rate, workforce level, and inventory on hand
2. Inventory on hand and financing costs for that inventory
3. The strategic plan and the products available for sale
4. The workforce level and the degree of automation
5. Operational costs and the cash flow to support operations
The main purpose of aggregate operations planning (in make-to-stock industries) is to specify the optimal combination is Production rate, workforce level, and inventory on hand. The option 1 is correct.
Aggregate planning aims to reduce operational expenses by matching production capacity with demand. An aggregate plan details what supplies and other resources are required, as well as when they should be bought in order to keep costs down. The aggregate operations planning variable "production rate" refers to the number of units completed per unit of time. T.
The "workforce" level aggregate operations planning variable refers to the number of employees required to complete the anticipated production. The major objective of the level strategy is to develop an overall plan that maintains steady employment and output. This indicates that the company develops original strategies. Hence, option 1 is Correct.
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Cost Concept
On February 3, Clairemont Repair Service extended an offer of $87,000 for land that had been priced for sale at $100,000. On February 28, Clairemont Repair
Service accepted the seller's counteroffer of $95,000. On October 23, the land was assessed at a value of $143,000 for property tax purposes. On January 15
of the next year, Clairemont Repair Service was offered $152,000 for the land by a national retail chain.
At what value should the land be recorded in Clairemont Repair Service's records?
The land should be recorded at the purchase price of $95,000, as that is the amount that Clairemont Repair Service ultimately paid for the land.
What criteria determines the recorded purchase price of the land?Even though the property tax assessment of $143,000 may seem like a relevant valuation, it is not directly related to the purchase price or market value of the land. The property tax assessments are often based on different criteria and methodologies than market valuations.
Similarly, the subsequent offer of $152,000 from a retail chain is not relevant to the value that Clairemont Repair Service should record the land at, as it was made after the purchase and does not reflect the actual value at the time of purchase. Therefore, the most appropriate value to record the land at in Clairemont Repair Service's records is the purchase price of $95,000.
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Medicare Part A provides hospital coverage. Which of the following persons is not covered under Part A?
a. A person 62 or older and receiving railroad retirement
b. Disabled beneficiaries regardless of age that have received Social Security for two years.
c. Chronic kidney patients who require dialysis or a renal transplant
d. A person 65 or older entitled to a monthly Social Security check
The correct answer is d. Medicare Part A provides hospital coverage for eligible individuals who are 65 or older, as well as for some younger people with certain disabilities or health conditions.
However, simply being 65 or older and entitled to a monthly Social Security check does not necessarily guarantee coverage under Part A.
To be eligible for Part A, an individual must have paid into the Medicare system for a certain amount of time through payroll taxes or be the spouse of someone who has. This is commonly known as having "40 quarters of coverage." However, there are certain exceptions to this rule, such as for people with certain disabilities or health conditions.
Therefore, while options a, b, and c are all groups of people who may be eligible for Part A coverage, option d is not. Simply being 65 or older and receiving a Social Security check does not automatically make an individual eligible for Part A. It is important for individuals to understand their specific eligibility requirements and enrollment options to ensure they have the appropriate coverage for their healthcare needs.
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Personal selling serves three major roles in a firm’s overall marketing effort: (1) it creates a critical link between the firm and its customers; (2) salespeople are the company in a customer’s eyes; and (3) it may play a dominant role in a firm’s marketing program. This final point is illustrated by Hope Springs. The company knows that business-to-customer (B2C) sales are not enough to maintain profitability; it must rely on business-to-business (B2B) sales to maintain a profitable bottom line. Xiu Li, a marketing executive with Hope Springs, uses available advertising and promotion tools to reach the company's target customer markets. However, she also realizes the importance of her direct sales force in reaching business customers such as Martha at the Coffee Collective. Through effective sales force management, Xiu Li and her team must effectively communicate to business customers like the Coffee Collective to help demonstrate how its bottled water will sell well to her customers and increase overall sales.
Personal selling is an important vehicle for communicating with present and potential buyers, especially in the B2B, or business-to-business, market. This activity is important because personal selling represents an essential component of the marketing strategy as virtually every occupation that involves customer contact has an element of personal selling. The goal of this activity is to demonstrate an understanding of the key functions involved in managing a sales force the value added by the salesperson.
When Xiu Li, a marketing executive with Hope Springs, sends out employees of the firm to build relationships with B2B customers, like the Coffee Collective, it is using
Multiple Choice
sales engineers.
independent agents.
company sales force.
manufacturer’s representatives.
sales support.
In order for Hope Springs to effectively sell its bottled water, the company needs to be effective at ________, which is the practice of building ties to customers through a salesperson's attention and commitment to customer needs over time.
Multiple Choice
science selling
customer development
direct selling
relationship selling
sales management
Xiu Li believes that her sales force should sell by identifying prospective clients, such as the Coffee Collective, providing them with information, persuading them to buy, closing the deal, and then following up with them after the purchase. This type of salesperson is referred to as a(n)
Multiple Choice
order-getter.
consultant.
order clerk.
closer.
inside order-taker.
As Hope Springs continues to grow and establish its business-to-business market, Xiu Li is considering changing her sales force philosophy to focus on _______ salespeople who simply process orders and reorders for products that that were already sold by Hope Springs.
Multiple Choice
order-getter
closer
consultant
order-taker
relational
Explanation 1: The question is asking about the type of sales force used by Hope Springs to build relationships with B2B customers. In this scenario, Hope Springs is sending out its own employees to build relationships, so it is using the company sales force.
Explanation 2: The question is asking about the practice that Hope Springs needs to be effective at in order to sell its bottled water. Relationship selling involves building a long-term relationship with the customer, focusing on their needs, and providing personalized attention and service.
Explanation 3: The question is asking about the type of salesperson that Xiu Li believes her sales force should be. An order-getter is a salesperson who actively seeks out new customers, provides them with information, and persuades them to buy a product or service.
Explanation 4: The question is asking about the type of salespeople that Xiu Li is considering focusing on as Hope Springs grows and establishes its B2B market. An order-taker is a salesperson who primarily focuses on processing orders and reorders for products that were already sold by the company. This type of salesperson is more focused on administrative tasks rather than actively seeking out new customers.
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Complete Question:
Read the passage and answer the questions:
Personal selling is an important vehicle for communicating with present and potential buyers, especially in the B2B, or business-to-business, market. This activity is important because personal selling represents an essential component of the marketing strategy as virtually every occupation that involves customer contact has an element of personal selling. The goal of this activity is to demonstrate an understanding of the key functions involved in managing a sales force the value added by the salesperson.
When Xiu Li, a marketing executive with Hope Springs, sends out employees of the firm to build relationships with B2B customers, like the Coffee Collective, it is using
Multiple Choice:
sales engineers.independent agents.company sales force.manufacturer’s representatives.sales support.In order for Hope Springs to effectively sell its bottled water, the company needs to be effective at ________, which is the practice of building ties to customers through a salesperson's attention and commitment to customer needs over time.
Multiple Choice:
science sellingcustomer developmentdirect sellingrelationship sellingsales managementXiu Li believes that her sales force should sell by identifying prospective clients, such as the Coffee Collective, providing them with information, persuading them to buy, closing the deal, and then following up with them after the purchase. This type of salesperson is referred to as a(n)
Multiple Choice:
order-getter.consultant.order clerk.closer.inside order-taker.As Hope Springs continues to grow and establish its business-to-business market, Xiu Li is considering changing her sales force philosophy to focus on _______ salespeople who simply process orders and reorders for products that were already sold by Hope Springs.
Multiple Choice:
order-gettercloserconsultantorder-takerrelational.When is National Daughters Day
Answer:
sunday september 24,2023
Explanation:
September 24 2050
Your welcome
FILL IN THE BLANK the culture of a country is composed of elements such as ____ , which influence ____ .
The culture of a country is composed of elements such as customs, traditions, beliefs, and values, which influence its way of life, art, and language.
Culture refers to the characteristics, traits, and customs that define a society. It encompasses a broad range of human practices, ranging from art and music to literature, cuisine, and fashion. Culture encompasses the beliefs, customs, attitudes, and values that underpin the way of life of people in a particular geographic region or social group.
Therefore, a culture may encompass both tangible and intangible elements that make it unique. Culture is composed of the following elements: Customs: These are shared practices and traditions that are passed down from one generation to the next.
These may include religious or secular rituals and ceremonies, such as weddings or funerals.Traditions: These are beliefs and practices that have become ingrained over time. Traditions are often passed down orally, from one generation to the next, and may vary from one region to another.
Beliefs: These are convictions and values that a society holds to be true. Beliefs often shape behaviors and attitudes, and they are often tied to religious or spiritual practices.
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fill in the blank. When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, _____ is created.
When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, customer satisfaction is created.
Customer expectations are defined as the minimum performance requirements that customers have for a service or product to meet their needs. Consumers may have a variety of expectations for a product or service, including, but not limited to, product quality, pricing, customer service, and delivery speed.
If their expectations are not met, they are dissatisfied; if they are, they are satisfied. Customer satisfaction is created when their expectations are met or exceeded. The quality of service, product quality, and value-based price are all elements that contribute to customer satisfaction.
A positive customer experience results in customer satisfaction, which leads to brand loyalty, repeat business, and positive reviews.
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if it was possible for one company to gain ownership control all of the uranium processing plants in the us, then
If it were feasible for one business to take control of every uranium processing facility in the US, that company might erect obstacles to entrance in order to stifle competition.
What is a uranium processing plant?
Facilities for the fabrication and processing of uranium typically refine uranium ore concentrate, often known as "yellowcake," into fuel bundles over the course of multiple processing steps. Facilities that treat uranium must adhere to CNSC safety and security standards.
The uranium ore is processed into uranium concentrate at a uranium mill after being recovered from an open pit or underground mine. A fine powder is created by crushing, pulverizing, and grinding the ore. The uranium is separated from the other minerals by a process that occurs when chemicals are applied to the fine powder.
Tens of millions of households and local communities are powered by 92 nuclear reactors located throughout the United States.
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I think the answer is a but I am not quite sure
Calculating Activity Based Costing Overhead Rates
Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services. This accounting method of costing recognizes the relationship between costs, overhead activities, and manufactured products, assigning indirect costs to products less arbitrarily than traditional costing methods. However, some indirect costs, such as management and office staff salaries, are difficult to assign to a product.
What is an activity cost in activity-based costing?
Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical manner than the traditional approach of simply allocating costs on the basis of machine hours. Activity based costing first assigns costs to the activities that are the real cause of the overhead.
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"Illumination" SHALL be provided for all working spaces about service equipment, switchboards, switchgear, panelboards, or motor control centers installed indoors and SHALL not be controlled by "automatic means" only.
Note: Additional lighting outlets SHALL not be required where the work space is illuminated by an adjacent light souce or as permitted by 210.70A(1).
Exception No. 1, for "switched receptacles".
Illumination is required to be provided for all working spaces around service equipment, switchboards, switchgear, panelboards, or motor control centers installed indoors.
The illumination should not be controlled by automatic means only. Exception No. 1 applies to switched receptacles, where automatic control is allowed.
According to the National Electric Code (NEC), the illumination should be of an intensity and duration sufficient for safe performance of maintenance and operational duties. The illumination must also be distributed in a manner that prevents glare and creates a uniform illumination on the work surface. This can be accomplished with a combination of general and local lighting.
General lighting is provided for overall illumination of the entire area and should be distributed to prevent glare and provide uniform illumination. Local lighting should be provided directly over the equipment being serviced, maintained, or operated. This can be accomplished with either direct luminaires, such as recessed luminaires, or indirect luminaires, such as pendant luminaires.
Illumination requirements also vary based on the type of work being done. For instance, general illumination of at least 10 foot candles is required for routine maintenance activities. For more intensive activities, such as troubleshooting and testing, the illumination requirement increases to at least 30 foot candles.
In summary, illumination is required for all working spaces around service equipment, switchboards, switchgear, panelboards, and motor control centers installed indoors. Exception No. 1 applies to switched receptacles, where automatic control is allowed. Illumination should be of an intensity and duration sufficient for safe performance of maintenance and operational duties and should be distributed in a manner that prevents glare and creates a uniform illumination on the work surface.
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roducer Minimum Acceptable Price Actual Price (Equilibrium Price) A $6 $15 B 7 15 C 9 15 D 11 15 E 13 15 Refer To The Provided Table. What Is The Total Producer Surplus In The
Producer Minimum Acceptable Price Actual Price (Equilibrium Price)
A $6 $15
B 7 15
C 9 15
D 11 15
E 13 15
Refer to the provided table. What is the total producer surplus in the market for all producers A, B, C, D, and E?
The total producer surplus in the market for all producers A, B, C, D, and E is $78.
Here's how you can arrive at this solution:
To solve the given question, we have to first find the producer surplus of each producer, and then sum up all the producer surpluses to obtain the total producer surplus in the market for all producers. In order to find the producer surplus of a producer, we can use the formula:
Producer Surplus = Actual Price (Equilibrium Price) - Minimum Acceptable Price
Thus, the producer surplus for each producer is as follows:
Producer Minimum Acceptable Price Actual Price (Equilibrium Price) Producer Surplus
A $6 $15 $9
B 7 15 8
C 9 15 6
D 11 15 4
E 13 15 2
The total producer surplus in the market for all producers A, B, C, D, and E is the sum of the producer surpluses for all the producers:
$9 + $8 + $6 + $4 + $2 = $29 + $49 = $78
Therefore, the total producer surplus in the market for all producers A, B, C, D, and E is $78.
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supermarkets such as kroger and safeway frequently use standard markup pricing, which is a pricing approach.
There is little doubt that typical markup pricing is used by supermarkets like Kroger and Safeway. Standard markup pricing is a common pricing method used by supermarkets and other retail businesses.
In order to calculate the selling price, a fixed percentage markup is added to the product's cost. The cost of the goods sold, operating costs, and the intended profit margin are normally all covered by this markup. The markup percentage may change depending on the product type, the level of competition, and consumer demand. This method is frequently employed since it is straightforward to compute and offers a constant profit margin. It might not always produce the best price plan for every product, though.
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the effects of the fifo accounting method on inventory valuation is during a period of sharply rising prices is
The effect of the FIFO accounting method on inventory valuation during a period of sharply rising prices.
The FIFO (first-in, first-out) inventory accounting method is one of the most common inventory valuation approaches in use.
In this method, the cost of goods sold is calculated by assuming that the oldest inventory items are sold first, and the newest inventory items are sold last. It is widely used because it is straightforward and easy to understand. However, during periods of sharply rising prices, this method can have a significant impact on inventory valuation.
Inventory valuation is the process of determining the cost of inventory that a business owns. This cost is used to determine the value of the inventory on the balance sheet, as well as the cost of goods sold on the income statement. During periods of rising prices, the cost of inventory items can increase dramatically.
As a result, the value of inventory on the balance sheet can be much higher than it would be if the prices had remained stable. This can be problematic for businesses that use the FIFO method because it assumes that the oldest inventory items are sold first.
As a result, the cost of goods sold can be significantly lower than it would be if the newest inventory items were sold first.
This can result in higher profits and lower taxes, but it can also result in misleading financial statements.To conclude, the FIFO accounting method has a significant impact on inventory valuation during periods of sharply rising prices. The cost of goods sold can be significantly lower, resulting in higher profits and lower taxes.
However, this can result in misleading financial statements, and it is important for businesses to carefully consider the impact of rising prices on their inventory valuation.
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is based on the assumption that project activity times can be estimated accurately and that they do not vary.
Analogous estimating is one of the most used estimation methods. It entails estimating activity durations for your project using information from prior, comparable initiatives.
The term "analogous estimating" means what?Using data from a previous project that is similar to the one in question, the cost and time of the planned project are estimated using the analogous estimation technique. When there is little available data for a task, making it challenging to produce precise estimations, this method is frequently used. With the analogy technique, a new or proposed system is compared to an analogous (i.e., similar) equipment that was typically purchased recently and for which precise cost and technical details are available. The planned and "historical" systems need to be reasonably correlated.
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Complete question :Fill in the blanks:
____ is based on the assumption that project activity times can be estimated accurately and that they do not vary.
TRUE/FALSE. Rivalry means that when one person buys and consumes a product, it is not available for purchase and consumption by another person.
Rivalry occurs when a product is unavailable to another person after being purchased and consumed by one person. TRUE.
When one person buys and eats a thing, it is not accessible for another person to buy and consume, which is referred to as rivalry (in consumption). Public products are excluded from inclusion, but not private goods. If it is not advantageous to do so, private goods will not be offered in a market that is competitive.
Private products are competitor and excludable. Apparel is an example of a private good since only one person may possess or use an article of clothing at a time, and certain persons are prohibited from wearing certain items.
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