Small business is defined based on firm revenue (from $1 million to more than $40 million) and employment (from 100 to over 1,500 employees).
To qualify as a small business, a corporation must fall under the size criterion, or the largest size a business may be within its industry to be classed as small.
The United States Census Bureau provides a list of industry codes to assist businesses in determining their size designation, and the Small Business Administration maintains an extensive list of small business size standards with the maximum requirements to remain classified as a small business in each sector and subsector.
"The definition of'small business' differs depending on the industry code," stated Molly Gimmel, CEO of Design to Delivery. "The principal code for my organization is 541611. In that industry, a small business is defined as one with average revenues over the previous three fiscal years.
To know more about small business:
https://brainly.com/question/24243389
#SPJ4
Suppose an exxon corporation bond will pay $1,000 ten years from now. If the going interest rate on safe 10-year bonds is 7. 00%, how much is the bond worth today?.
To determine the present value of a bond, we can use the formula:
PV = FV / (1 + r)^t
where: PV is the present value (the value today), FV is the future value (the value at maturity), r is the interest rate, t is the time to maturity (in years)
Plugging in the numbers we have: PV = $1,000 / (1 + 0.07)^10
PV = $1,000 / 1.97245450, PV = $506.72
So the bond is worth approximately $506.72 today.
Bonds are a type of debt instrument, where the issuer (in this case, Exxon Corporation) borrows money from the bondholders for a specified period of time. In return, the bondholders receive periodic interest payments (also known as the coupon rate) and the face value of the bond at maturity.
You can read more about corporation bonds at https://brainly.com/question/25490304#:
#SPJ4
what is the main purpose of the management process
The main purpose of the management process is to plan, organize, lead, and control resources in order to achieve specific goals and objectives efficiently and effectively.
Management involves a set of activities and tasks that are designed to ensure that an organization or group is able to meet its goals and objectives.
The planning stage involves setting objectives, defining strategies, and outlining tasks to be performed in order to achieve these goals. The organizing stage involves assigning tasks to individuals, structuring workflows, and allocating resources to ensure that the work is completed efficiently.
The leading stage involves directing, motivating, and guiding employees or team members to achieve their goals. The control stage involves monitoring performance, measuring progress, and making necessary adjustments to ensure that goals are being met.
To learn more about management process
https://brainly.com/question/30657793
#SPJ4
OPT participants should illustrate how the position is directly related to major. True/False?
True, OPT participants should illustrate how the position is directly related to major.
What is OPT participants ?
Graduates can contribute their education and training to the United States right away through Optional Practical Training (OPT), which gives them the opportunity to get significant practical experience. Without OPT, the majority of foreign graduates would be forced to leave the United States and lend their abilities to our competitors on a worldwide scale.
Why did my OPT change?
The advantage known as OPT (Optional Practical Training) is offered to foreign students with F-1 immigration status who are enrolled in or have finished a degree program in the United States.
Before graduating from school, during a term of annual vacation, or while on leave. The United States Citizenship and Immigration Services (USCIS) is in charge of coordinating the federal OPT program.
Learn more about OPT participants
brainly.com/question/18711869
#SPJ4
the figure shows the market for dvds. the government decides that all citizens deserve to watch affordable dvds so a price ceiling of $12 per dvd is placed on dvds. after this price ceiling is in effect, deadweight loss equals ________.
A price ceiling is a legal maximum price that can be charged for a good or service. If the price ceiling is set below the equilibrium price, it creates a shortage of the good, as the quantity demanded exceeds the quantity supplied.
The deadweight loss resulting from a price ceiling is the loss of economic efficiency that occurs when the quantity of a good that is bought and sold is below the market equilibrium quantity. It represents the value of the transactions that would have taken place at the equilibrium price, but are now foregone due to the price ceiling.
The size of the deadweight loss depends on the elasticity of demand and supply for the good. Generally, the more elastic the demand and supply, the larger the deadweight loss.
To calculate the deadweight loss, you would need to know the equilibrium price and quantity of DVDs in the absence of the price ceiling, as well as the price ceiling itself, and the new quantity demanded and supplied at that price.
Once you have this information, you can calculate the area of the triangle between the demand curve, the supply curve, and the quantity supplied at the price ceiling. This triangle represents the deadweight loss resulting from the price ceiling.
For such more question on price ceiling
https://brainly.com/question/28018539
#SPJ4
who is the company’s most direct tie to the customer is?
The company's most direct tie to the customer is typically the customer service or sales team, who are responsible for communicating directly with customers and addressing their concerns or needs.
The customer service or sales team is the company's first point of contact with customers and is responsible for building customer relationships and addressing customer needs. They play a crucial role in creating a positive customer experience and building customer loyalty. They are the voice of the company and have the power to influence the customer's perception of the company. A well-trained and friendly customer service team can greatly improve customer satisfaction and lead to increased customer retention and positive word of mouth.
You can learn more about customer service at
https://brainly.com/question/1286522
#SPJ4
You are considering opening a new plant. The plant will cost $100.0 million up front and will take one year to build. After that it is expected to produce profits of $30.0 million at the end of every year of production. The cash flows are expected to last forever. Calculate the NPV of this investment opportunity if your cost of capital is 8.0%. Should you make the investment? Calculate the IRR and use it to determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged. The NPV of the project will be $247.22 million. (Round to one decimal place.) You should make the investment. (Select from the drop-down menu.) The IRR is %. (Round to two decimal places.)
The new discount rate, we find that the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged is 9.74%. If the cost of capital estimate increases or decreases by more than 9.74%, the decision to invest will change.
To calculate the NPV of this investment opportunity, we first need to calculate the present value of the cash flows.
Using a discount rate of 8.0%, we can use the following formula:
NPV = -Initial Investment + (Cash flow 1 / (1 + r)^1) + (Cash flow 2 / (1 + r)^2) + ...
NPV = -$100.0 million + ($30.0 million / (1 + 0.08)^1) + ($30.0 million / (1 + 0.08)^2) + ...
NPV = $247.22 million
Since the NPV is positive, we should make the investment.
To calculate the IRR, we can set the NPV to zero and solve for the discount rate that makes the NPV zero. Using a financial calculator or spreadsheet, we find that the IRR is 17.67%.
To determine the maximum deviation allowable in the cost of capital estimate to leave the decision unchanged, we can use the sensitivity analysis of the IRR. If the cost of capital estimate increases or decreases from 8.0%, the IRR will change accordingly. To find the maximum deviation allowable, we can set the NPV to zero and solve for the discount rate that makes the NPV zero, using the cash flows and the new value for the IRR.
For example, if the cost of capital estimate increases to 9.0%, the new IRR will be lower, and we can solve for the new discount rate that makes the NPV zero using the following formula:
0 = -$100.0 million + ($30.0 million / (1 + 0.09)^1) + ($30.0 million / (1 + 0.09)^2) + ...
for more such questions about investments
https://brainly.com/question/29531482
#SPJ4
what is paid expense journal entry
A paid expense journal entry records the Cash Account will be decreased with the amount paid as expenses, so it will be credited and Expenses will be debited according to the rule of the Nominal account.
A paid expense is a cost or expenditure that has been paid by an individual or company in exchange for goods or services received. This payment can be made in various forms such as cash, check, credit card, or electronic payment. Paid expenses are usually recorded in accounting books to track and manage financial transactions.
A paid expense refers to any cost or expenditure that has been paid for by a company or an individual. It can include a wide range of expenses such as rent, utilities, salaries, office supplies, and more. Once a payment is made towards an expense, it is considered a paid expense.
Paid expenses are important in the context of accounting as they affect a company's financial statements. For instance, when a company pays rent for its office space, it is recorded as an expense in the income statement. This expense is subtracted from the company's revenue to determine its net income. Therefore, paid expenses can have an impact on a company's profitability and financial performance.
To learn more about Paid expenses here:
brainly.com/question/29617512
#SPJ4
assurance of supply strategies are designed to ___
Assurance-of-supply strategies are designed to ensure a stable and reliable supply of materials, products or services to a company.
Affirmation of-supply techniques are intended to guarantee future stock necessities are met, they are not the procedures that are explicitly founded on changes popular and supply. Confirmation of-supply systems are more centered around guaranteeing a steady and dependable inventory of materials, items or administrations to an organization, frequently through long haul agreements or concurrences with providers. Conversely, supply techniques in light of changes sought after and supply include exercises, for example, expanding providers, executing request estimating and stock administration frameworks, and creating emergency courses of action to answer variances popular and supply. The most suitable solution to the first inquiry is "risk-the board methodologies".
To learn more about supply strategies, refer:
https://brainly.com/question/15861126
#SPJ4
which fortune 500 company has the greatest number of employees?
As of 2021, the Fortune 500 company with the largest number of employees is Walmart. As of the latest data, Walmart had 2.2 million employees, making it the largest private-sector employer in the world.
Walmart is an American multinational retail corporation that operates a chain of discount department stores and grocery stores. The company was founded in 1962 and is now headquartered in Bentonville, Arkansas.
It has expanded to become one of the largest retailers in the world, with operations in 27 countries, including the United States, Canada, and Mexico.
Walmart is known for its low prices and wide selection of products, which has made it a popular destination for shoppers. The company's success has allowed it to provide jobs to millions of people and make a significant impact on the global economy.
To learn more about Walmart
https://brainly.com/question/28299312
#SPJ4
Forming Storming Adjourning Performing Norming Match Each Of The Options Above To The Items Below.A. Members Aren't Very Trusting Of One Another, They Are Spending Time Assessing What Their Contribution Will Be To This Particular Group As This Is Currently Unclear. B. Members Seem To Be Coming Out Of Their Shells, Grouping Into Small Alliances, And een arguing about the group's goalsC. Members decide on their regular meeting days/times, rules about tardiness or non-attendance, and set expectations regarding how they will interact with one anotherD. Members of your 8-person team break off into smaller groups of 2 or 2 and work on mel sub-groups individual tasksE. Members get together to discuss what they have learned and to share memories
Here are detailed explanations of each stage of group development of forming, storming, norming, performing, adjourning.
Forming: This is the initial stage of group development where members are introduced to one another and are getting familiar with the group's goals and objectives. During this stage, members tend to be polite, cautious and are focused on trying to understand the scope of their work.
Storming: During this stage, members are beginning to feel comfortable enough to express their opinions and ideas, which may result in some conflict and disagreements. Norming: This is the stage where members begin to settle their differences and establish a sense of unity within the group.
Performing: This is the stage where the group is able to work together smoothly and effectively. Members of your 8-person team break off into smaller groups of 2 or 2 and work on mel sub-groups individual tasks. Adjourning: This is the final stage of group development where the group has completed its work, and members are preparing to move on to other things.
Learn more about adjouring here:
https://brainly.com/question/2285374
#SPJ4
Fill the Blank ? if a residual is negative, then that data point lies _________________ the regression line.
If a residual is negative, then that data point lies below the regression line.
In linear regression, residuals are the differences between the actual values and the predicted values of the response variable. A residual can be either positive or negative, depending on whether the actual value is greater or smaller than the predicted value. If a residual is negative, then the actual value is below the regression line, and if it is positive, then the actual value is above the regression line.
A negative residual indicates that the model underestimates the actual value, which means that the data point lies below the regression line. Understanding residuals is essential to assess the accuracy of the regression model and identify any outliers or influential data points that may affect the model's performance.
You can learn more about regression line at
https://brainly.com/question/14563186
#SPJ4
All of the following are included in the decision-making metric except: a) the publicity test. b) the likability test. c) the moral mentor test. d) the transparency test. e) the admired observer test.
the publicity test As a result, choice (A) is the right one.
What is meant by a Publicity Test ?By focusing primarily on the negative effects of making an activity public, many students simplify the publicity test to the damage test. For instance, according to this myth, reporting your company's illegal disposal of toxic waste would not pass the publicity test since, if the matter were made public,
your employment would be at risk and your business would suffer negative publicity. The reputation of any business is put up against the advantages that the public receives as a result of learning about illegal dumping.
Learn more about Publicity Test, from :
brainly.com/question/14521597
#SPJ1
Where does supply shift when it decreases?
When the supply of a good or service decreases, the supply curve shifts to the left. This means that at any given price level, the quantity supplied is lower than it was before.
A shift in the supply curve can occur for a variety of reasons, such as:
An increase in production costs, which makes it less profitable for firms to produce the good or service at any given price level.
A decrease in the availability of raw materials or other inputs, which makes it harder for firms to produce the good or service at the same level as before.
A decrease in the number of firms producing the good or service, which reduces the overall supply in the market.
Regardless of the reason for the decrease in supply, the result is a shift of the supply curve to the left, indicating a lower quantity supplied at each price level. This in turn can lead to higher prices and a decrease in the quantity demanded, as consumers may be less willing or able to purchase the good or service at the higher prices.
For more such questions on Economy
https://brainly.com/question/28210218
#SPJ4
What does a downward sloping yield curve mean according to the pure expectations hypothesis?
A. Investors expect the maturity risk premium to rise in the future.
B. Investors expect interest rates to remain the same in the future.
C. Investors expect interest rates to be lower in the future.
D. Investors expect interest rates to be higher in the future.
Answer:
C. Investors expect interest rates to be lower in the future.
Explanation:
What is yield curve?
The Yield Curve is a graphical representation of the interest rates on debt for a range of maturities. It shows the yield an investor is expecting to earn if he lends his money for a given period of time. The graph displays a bond’s yield on the vertical axis and the time to maturity across the horizontal axis. The curve may take different shapes at different points in the economic cycle, but it is typically upward sloping.
(Ref: https://corporatefinanceinstitute.com/resources/fixed-income/yield-curve/)
IA downward sloping indicates a recession may be on the horizon.
A downward sloping yield curve indicates people think that interest rates (and thus bond yields) will be lower in the future than they currently are
Therefore correct answer choice is
C. Investors expect interest rates to be lower in the future.
Which term refers to the set of tactical marketing tools - product, price, place, and promotion - that the firm blends to produce the response it wants in the target market?
The term that refers to the set of tactical marketing tools that the firm blends to produce the desired response in the target market is known as the "marketing mix." The marketing mix consists of four main components : product, price, place, and promotion.
Product refers to the actual goods or services being sold, including features, quality, packaging, branding, and any accompanying services. Price refers to the pricing strategy used to sell the product, including the pricing structure, discounts, and other promotional offers. Place, also known as distribution, refers to the channels used to make the product available to customers, including physical stores, online marketplaces, or other distribution channels. Finally, promotion refers to the various communication methods used to promote the product and reach the target market, such as advertising, sales promotion, personal selling, and public relations. By blending these four elements effectively, firms can create a targeted marketing mix that meets the needs of their target market, builds brand loyalty, and maximizes profits.
For more information on advertising see:
https://brainly.com/question/3163475
#SPJ4
Who Is Roy Blunt wife Abigail Perlman Blunt?
Roy Blunt's wife is Abigail Perlman Blunt. Abigail Perlman Blunt is a lobbyist for Kraft Foods and is married to Roy Blunt, a Republican Senator from Missouri. The couple has been married since 2003 and have four children together.
Abigail Perlman Blunt is a lobbyist and political consultant who has worked on several political campaigns, including those of George W. Bush and Mitt Romney. He served in the Senate from 2011 to 2023, and previously served as a member of the United States House of Representatives from 1997 to 2011.
During his time in Congress, Blunt was a member of the Party and held several leadership positions, including serving as Chairman of the Senate Republican Policy Committee and as a member of the Senate Republican leadership team. Blunt also served on several committees, including the Senate Committee on Appropriations and the Senate Committee on Rules and Administration.
To know more about Senator here:
https://brainly.com/question/11299781
#SPJ11
what is called a leadership style that involves making managerial decisions without consulting others.
Autocratic leadership is called a leadership style that involves making managerial decisions without consulting others.
What is autocratic leadership?An autocratic management style is one in which only one person makes all the decisions and solicits very little feedback from the rest of the group. Autocratic leaders make decisions or choices based on their own beliefs and do not consult or seek input from others.
A competent manager is frequently thought of as a good leader. That is untrue, though, as traits that make a person a good manager frequently work against innovation. To learn what leadership is and how it differs from management, keep reading.
To know more about leadership here
https://brainly.com/question/29452698
#SPJ4
In statistical experiments, each time the experiment is repeated a (different / same) outcome (may/must) occur.
In statistical experiments, a different result could be obtained each time the experiment is run.
What exactly are statistical tests?In probability theory, a procedure having an infinite number of possibilities is known as a sample space and is referred to as an experiment or trial (see below). An experiment is said to be random if there are several possible results; it is said to be deterministic if there is just one.
A random experiment with exactly two (mutually exclusive) outcomes is called a Bernoulli trial. An experiment yields one (and only one) result, even though it might be the result of a mixture of multiple independent events that are all regarded to have occurred within that trial.
After doing several iterations of the same experiment and aggregating the results, an investigator can begin examining the empirical probability of the various outcomes and events that could occur in the experiment. Then, they might make use of statistical analysis methods.
Learn more about statistical experiments with the help of the given link:
brainly.com/question/17087193
#SPJ4
Correct question:
1) In statistical experiments, each time the experiment is repeated
a. the same outcome must occur
b. the same outcome can not occur again
c. a different outcome may occur
d. None of the other answers is correct.
assume that the us debt is increasing rapidly at a time when the us economy is struggling. if investor confidence in the ability of the us to repay the debt falls, then...
The correct answer is "the demand for funds in the U.S. financial markets would rise and interest rates would rise."
In summary, if investor confidence in the ability of the US to repay the debt falls, the demand for funds in the US financial markets will rise, leading to a rise in interest rates.
This happens as investors demand higher interest rates to compensate for the increased risk and lenders become less willing to supply funds at lower rates.
The proper question is "Assume that the US debt is increasing rapidly at a time when the US economy is struggling. If investor confidence in the ability of the US to repay the debt falls, then... The demand for funds in the U.S. financial markets would rise and interest rates would rise. The supply of funds in the US financial markets would fall and interest rates would rise. The demand for funds in the U.S. financial markets would fall and interest rates would rise. The supply of funds in the US, financial markets would fall and interest rates would fall. If investor confidence in the ability of the U.S. to repay the debt falls, it would not cause the interest rates to fall. Learning Objective: Analyze the economic effects of U.S. debt in terms of domestic financial markets"
To know more about demand here
https://brainly.com/question/29761926
#SPJ4
how to calculated total assets with formula?
Total assets represent the sum of all the assets that a company or an individual owns. The formula for calculating total assets is:
Total Assets = Current Assets + Non-current Assets
Current assets are assets that can be easily converted into cash within a year, such as cash, accounts receivable, inventory, and prepaid expenses.
Non-current assets are assets that are expected to provide value to the company for more than a year, such as property, plant, and equipment, investments, and intangible assets.
By adding up the current assets and non-current assets, you can determine the total assets of a company or individual.
Learn more about non-current assets here:
https://brainly.com/question/16836235
#SPJ4
if the number of sellers in a market increases, then the
demand in that market will increase. supply in that market will increase. supply in that market will decrease. demand in that market will decrease.
c. supply in that market will decrease,if the number of sellers in a market increases.
One of the five competitive elements that affects both online sales and brand recognition is not generally the attractiveness of celebrities promoting a company's product. In a market where there are more vendors, there will be more products available. The supply curve would move to the right if there were more sellers since more products or services would be available for customers to buy.
The demand for the goods or services may not always rise in tandem with the growth in supply. The demand for the products or services may decline if the increase in supply results in a drop in price because customers may choose less expensive substitutes. However, if an increase in supply results in a rise in price.
For such more questions on market demand:
brainly.com/question/27325431
#SPJ4
How do I calculate nominal GDP?
You would calculate the nominal GDP when you are aware of the value of all of the goods and the services created in a nation in a particular year
How to calculate nominal GDP?Nominal Gross Domestic Product (GDP) is a measure of a country's economic output in current prices, which includes the effects of inflation. The formula to calculate nominal GDP is as follows:
Nominal GDP = Total value of all final goods and services produced in a country in a given time period (usually a year)
To calculate nominal GDP, one must first identify all of the final goods and services produced in a country in a given time period. This includes all goods and services that are sold to final users, both within the country and abroad. This is known as the "value-added" approach, as it only includes the value added by each stage of production.
Once the total value of all final goods and services has been calculated, the nominal GDP is obtained by summing up the prices of all these goods and services at their current market prices.
Read more on nominal GDP here:https://brainly.com/question/1383956
#SPJ1
why do binding price floors cause a deadweight loss?A. A binding price floor prevents some mutually beneficial exchanges from happening. B. Binding price floors do not cause a deadweight loss. By keeping prices higher than the market equilibrium price, consumer and producer surplus increase. C. A binding price floor increases producer surplus and increases producer surplus by an equal amount, leaving total surplus unchanged. D. A binding price floor increases consumer surplus and decreases producer surplus by an equal amount, leaving total surplus unchanged.
Binding price floors cause a deadweight loss because binding price floor prevents some mutually beneficial exchanges from happening. So the correct option is A.
A binding price floor is a minimum price that is set by the government for a particular good or service. If the government sets a price floor that is higher than the market equilibrium price, it prevents some mutually beneficial trades from occurring. This creates a deadweight loss, which is a reduction in total economic surplus.
When the price floor is binding, it creates a surplus of the good or service, as the quantity supplied exceeds the quantity demanded at the higher price. This surplus can result in waste, as the excess supply is not being used effectively.
Additionally, some consumers who would have been willing to pay the market equilibrium price are now unable to purchase the good or service, so they are missing out on a mutually beneficial trade.
Therefore, a binding price floor reduces economic efficiency by preventing some mutually beneficial exchanges from happening, and this reduction in efficiency is represented by the deadweight loss.
To learn more about binding price click on,
https://brainly.com/question/29563459
#SPJ4
What is lagging indicators in economics?
Lagging indicators are economic factors that change after the economy has already begun to follow a particular pattern or trend. These indicators are used to confirm the state of the economy and provide insight into its future direction.
In economics, lagging indicators are typically used to analyze the performance of the economy after a certain event or change has occurred.
For example, unemployment rates are often considered a lagging indicator because they tend to rise or fall after the economy has already begun to improve or decline. Other examples of lagging indicators include corporate profits, consumer spending, and interest rates.
While lagging indicators can provide valuable information about the state of the economy, they are not always accurate predictors of future economic trends. This is because they are based on past data and may not reflect current conditions.
Therefore, economists and policymakers also rely on leading indicators, which are economic factors that change before the economy as a whole does, to help make informed decisions about the future direction of the economy.
to know more about economics refer here
https://brainly.com/question/14787713#
#SPJ11
What is the annual revenue of Flutura Decision Sciences & Analytics?
Flutura Decision Sciences & Analytics generates $26.9 million in revenue each year.
Flutura is a cutting-edge industrial AI startup that is committed to delivering high-value operational results for the industries of energy, chemicals, process manufacturing, and heavy engineering.
4.5 out of 5 stars can be given to Flutura based on more than 122 anonymous user reviews. 95% of employees think favourably of Flutura and would refer a friend to work there as well. Over the past 12 months, there has been a -1% decline in this rating. Flutura Decision Sciences & Analytics pays an average annual salary of INR 13.8 lakhs.
Read more about Analytics revenue at
https://brainly.com/question/17215395
#SPJ4
the process of preparing a batch report of credit card sales from a point-of-sale terminal
Preparing a batch report of credit card sales from a point-of-sale (POS) terminal involves several steps. Firstly, the user needs to ensure that all transactions have been processed and that the terminal is ready to generate a batch report.
Once this is confirmed, the user can access the terminal's batch report menu and select the option to generate a report. The terminal will then process all the transactions that have taken place since the last report was generated and present the user with a detailed report of all credit card sales. The report will typically include information such as the date and time of each transaction, the amount charged, and the cardholder's details. The user can then review the report to ensure that all transactions are accurate and that there are no discrepancies before finalizing the batch report. Once finalized, the report can be sent to the relevant departments for accounting and reconciliation purposes.
For more information on discrepancies see:
https://brainly.com/question/29723682
#SPJ4
How to calculating consumer surplus ?
Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay. To calculate consumer surplus, follow these steps:
1. Identify the demand curve for the good or service. This is typically represented as a downward sloping line on a graph, with price on the y-axis and quantity on the x-axis.
2. Find the actual price of the good or service. This is the price that consumers are currently paying.
3. Draw a horizontal line at the actual price level. This line should intersect the demand curve at some point.
4. The area above the actual price line and below the demand curve represents consumer surplus. Calculate the area of this triangle or rectangle to find the consumer surplus.
For example, if the demand curve is represented by the equation P = 100 - Q, and the actual price is $50, the consumer surplus would be:
Consumer surplus = (100 - 50) * (50 - 0) / 2 = $1250
This means that consumers are willing to pay $1250 more for the good or service than they are actually paying.
to know more about Consumer surplus refer here
https://brainly.com/question/15416023#
#SPJ11
What are the five essential features of event marketing?
To create a profitable event, you should observe the five crucial ideas of match marketing: attract the right participants, pick the proper venue, maximize the number of visitors, create hobby and construct relationships with members and visitors.
What are the 6 Ps in events marketing?The constructing blocks of an positive advertising and marketing strategy encompass the 6 P's of marketing: product, price, place, promotion, people, and presentation. The fine integration of the 6 P's of advertising can serve as the basis for an fine boom strategy.
From our earlier Units, we may want to perceive the key characteristics of occasions as 'non-routine', 'unique', 'one-time' and a 'one in a life-time' ride for the participants.
Learn more about event marketing here:
https://brainly.com/question/30582783#SPJ4The kinds of factors that might be reviewed when considering the "Economic" aspect of the PESTEL include- changes in the speed of Internet communication capabilities.- judicial outcomes that impact product liability within an industry.- changes in the average age of different consumer groups.- changes in disposable income per capita.- the election of a conservative Congress.
The kinds of factors that might be reviewed when considering the Economic" aspect of the PESTEL include changes in disposable income per capita
What is meant by disposable income?Disposable income refers to the amount of money that an individual or household has available to spend or save after taxes and other mandatory deductions have been taken out of their income.
In other words, it is the income that is available for discretionary spending or saving. Disposable income is a key factor in determining an individual's or household's purchasing power and overall financial well-being.
Read more on disposable income here:https://brainly.com/question/21304343
#SPJ1
The incremental variable cost for a firm to produce on additional unity of the good is definition of what?
The incremental variable cost for a firm to produce one additional unit of a good is the definition of "marginal cost".
Marginal cost is the additional cost that a firm incurs when producing one more unit of a good or service. It includes the variable costs associated with producing an additional unit, such as the cost of materials and labor, but not fixed costs, such as rent and salaries. Marginal cost is an important concept in economics because it helps firms make decisions about production levels and pricing strategies. Firms will generally produce up to the point where marginal cost equals marginal revenue, in order to maximize their profits.
You can learn more about marginal cost at
https://brainly.com/question/17230008
#SPJ4