The percentage changes in each of the examples using the mid-point method are 8 to 12: 40%, 18 to 14: -25%, 130 to 120: -8%, and 95 to 105: 10%.
The mid-point method is a way to calculate the percentage change between two values. It involves using the average of the two values as the base for the calculation. The formula for the mid-point method is:
Percentage Change = (New Value - Old Value) / ((Old Value + New Value) / 2) * 100
a. 8 to 12:
The mid-point is (8 + 12) / 2 = 10
Percentage Change = (12 - 8) / (10) * 100 = 40%
b. 18 to 14:
The mid-point is (18 + 14) / 2 = 16
Percentage Change = (14 - 18) / (16) * 100 = -25%
c. 130 to 120:
The mid-point is (130 + 120) / 2 = 125
Percentage Change = (120 - 130) / (125) * 100 = -8%
d. 95 to 105:
The mid-point is (95 + 105) / 2 = 100
Percentage Change = (105 - 95) / (100) * 100 = 10%
Complete question:
Calculate the percentage change in each of the following examples using the mid-point method. Instructions: Round your answers to the nearest whole number. If you are entering a negative number be sure to include a negative sign (-) in front of that number. a. 8 to 12: percent b. 18 to 14: percent c. 130 to 120: percent d. 95 to 105: percent
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The managers of a food company are interested in determining the effect on their sales of a competitor's television advertisements. An analysis of sales records for the last 130 weeks gives the following results: Level of Sales (No. of Weeks) Low Medium High Total 30 15 23 68 Competitor advertised Competitor did not advertise Total 23 11 28 62 53 26 51 130 Assuming that these past data are a reliable guide to the future, determine the probability that next week: a) (5 points) The competitor will advertise. b) (5 points) Sales will not be high. c) (5 points) Medium or high sales will be achieved. d) (5 points) Either the competitor will advertise or only low sales will be achieved. e) (5 points) Either the competitor will not advertise or high sales will be achieved.
Assuming that the past data of a food company, a reliable guide to the future, the probability that next week is determined as high as 0.70, when either the competitor will advertise or low sales will be achieved
How do you calculate the sales probability?The process by which a business tries to foresee its future sales is known as sales probability or sales forecasting. This aids in the organization's better planning of staff hiring, inventory purchases, expansion considerations, and other management decisions. By dividing the number of sales by the overall number of brochures distributed, the marketing team's data was used to determine the likelihood of business success.
(a) P(The competitor will advertise)
= n( competitor advertised) / n(total)
= 68 / 130 = 0.5231
(b) P( Sales will not be high)
= 1 - P( Sales will not be high)
= 1 - 51/130 = 0.6077
(c) P( medium or high sales will be achieved)
= P(medium) + P(high)
= 26/130 + 51/130
= 77/130 = 0.5923
(d) P(Either the competitor will advertise or low sales will be achieved)
= 68/130 + 53/130 - 30/130 = 0.70
(e) P(Either the competitor will not advertise or high sales will be achieve)
= 62/130 + 51/130 - 28/130 = 0.6538
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The _____ Is Made Up Of Businesses That Focus On Digital Equipment, Software, Communications Technologies, And Related Services.
A. ICT industry
B. Stock market
C. Dot-com industry
D. internet
The ICT industry Is Made Up Of Businesses That Focus On Digital Equipment, Software, Communications Technologies, And Related Services. option (A) is correct.
The information and communication technology (ICT) area joins assembling and administration organizations whose items to a great extent satisfy or permit the capability of data handling and correspondence through electronic strategies, including transmission and show.
Broadcast communications gadgets (like phones), data stands, and exchange machines are instances of electronic and data innovation. Sites that utilize media.
The data and correspondence innovation (ICT) area consolidates assembling and administration organizations whose items generally satisfy or permit the capability of data handling and correspondence using electronic techniques, including transmission and show.
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Calculate the present values P of an annuity in which $10,000 is to be paid out annually for a period of 25 years, assuming an interest rate of 0.03. Round to the nearest dollar.
The present value of the annuity, which is the present worth of a series of equal payments, can be calculated by discounting each payment to its present worth. Annuity is $5,164.
To calculate the present value of an annuity, we use the formula:
[tex]PV = A / (1 + r)^t[/tex]
where:
A = $10,000 (annual payment)
r = 0.03 (interest rate)
t = 25 (number of years)
Plugging in the values:
[tex]PV = $10,000 / (1 + 0.03)^25PV = $10,000 / 1.03^25PV = $10,000 / 1.945623065PV = $5,164.48[/tex]
Rounding to the nearest dollar:
PV = $5,164
So, the present value of the annuity is $5,164.
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Calculate the present values P of an annuity in which $10,000 is to be paid out annually for a period of 25 years, assuming an interest rate of 0.03. Round to the nearest dollar?
which of the following helps companies create marketing strategies that are difficult to replicate and have long-term profit potential?
Creating a Unique Selling Proposition (USP) is a key element of a successful marketing strategy and can help companies to differentiate themselves from their competitors and establish a strong and profitable brand.
A USP is a statement that clearly communicates what makes a company's product or service unique and why customers should choose it over those of its competitors. A strong USP can have several benefits, including:
Differentiation: By creating a unique and compelling USP, companies can position themselves in the market in a way that is difficult for competitors to replicate. This helps to establish a clear and distinctive brand identity and can help companies to stand out in a crowded and competitive market.
Increased Brand Awareness: A strong USP can also help to increase brand awareness and recall. When customers are presented with a clear and compelling statement of what makes a company's product or service unique, they are more likely to remember the brand and associate it with a specific product or service.
Increased Customer Loyalty: A unique and compelling USP can also help to build customer loyalty by communicating the value that a company's product or service offers. When customers understand what sets a company apart from its competitors, they are more likely to choose that company's products or services in the future.
Increased Profitability: By establishing a strong and profitable brand, companies can increase their profitability over the long term. Customers are more likely to pay a premium for products or services that they perceive as being of high value and unique, and a strong USP can help to communicate this value to customers.
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T/Fin world trade organization (wto) negotiations, if a country agrees to reduce trade barriers (tariffs or quotas), it usually refers to this as a concession to other countries.
The WTO's framework cuts down additional barriers between peoples and trading economies by lowering trade barriers through talks among member nations.
The multilateral trade system consists of WTO agreements that have been negotiated, signed, and ratified by the vast majority of the world's trading economies.
These treaties serve as the legal foundations for global trade. They are essentially contracts that grant WTO members key trade rights.
They also obligate governments to maintain their trade policies transparent and predictable, which benefits everyone.
The agreements create a stable and transparent framework to allow manufacturers, exporters, and importers to conduct business.
The system was created through a series of GATT trade discussions or rounds. The first rounds of negotiations focused mostly on tariff reductions, while later rounds included anti-dumping and non-tariff measures.
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What does Kitcher conclude about the 5 observations that support natural science imperialism?
Philosopher Philip Kitcher concludes that the five observations support natural science imperialism, the idea that natural science is the best way to understand the world.
Kitcher believes natural science is the most reliable source of knowledge because it is based on empirical observations and rigorous methods.
He acknowledges that not all questions can be answered by natural science, but he argues that it should be the default starting point for understanding the world.
Kitcher also argues that natural science imperialism can help to avoid bias and is better suited for uncovering the truth than other methods.
This belief has important implications for how we view the world and how we approach problem-solving. By valuing natural science over other methods, we can ensure that we are seeking the most reliable answers to our questions.
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The liquidation of a subsidiary corporation must be completed within one tax year to receive nonrecognition treatment. T/F?
This statement is False. It has three years till it is formally liquidated.
Closing a limited corporation, selling its assets, and eradicating it from the public record are all parts of the liquidation process.
It is the procedure your business must go through if you consistently experience cash flow issues and creditors are threatening to impose enforcement action. A court-supervised firm liquidation is known as compulsory liquidation. It occurs when a creditor of an insolvent corporation files a winding-up petition as a result of an unpaid debt.
The ideal method to start the process of liquidating a corporation is to engage the aid of a skilled insolvency practitioner who can examine all of your available financing options and suggest the one that would work best for you.
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The board of directors of August Inc., a company that provides legal services, has been debating over whether to provide its 99 full-time employees with health insurance. The managers of the firm, however, are considering dropping employee health insurance as a benefit. Which of the following statements strengthens the managers' consideration?
A. The fine that August Inc. would face would be cheaper than the current premiums for health insurance.
B. The Affordable Health Care Act requires firms with over 50 employees to provide health insurance for their workers, or face fines.
C. The federal Affordable Health Care Act, enacted in 2009, mandates that health insurers cover even those with preexisting conditions.
D. The revised policy would help August Inc. erect entry barriers in its industry and change the nature of rivalry in the industry with most of the small firms.
Option A is correct. The following statements strengthens the managers' consideration - The fine that August Inc. would face would be cheaper than the current premiums for health insurance.
A health insurance premium is a forthright installment made in the interest of an individual or family to keep their health care coverage strategy dynamic.
Premiums are ordinarily paid month to month when bought on the singular market, while those with medical coverage through their manager generally pay their portion of the expense by means of finance derivations. Notwithstanding the exceptional, customers might need to pay personal expenses including deductibles, copays, and coinsurance when they look for clinical consideration.
Charges are by all accounts not the only cost you bring about to get covered clinical consideration. On top of the month to month charge, you will probably confront extra personal clinical costs. These include:
Deductibles: A yearly sum you should pay for covered care before your protection begins paying cases.Copays: A copay or copayment is a proper sum you need to contribute toward the expense of specialist visits, physician recommended drugs, and other medical care when the help is given. The protection supplier pays all or part of the leftover sum.Coinsurance: A level of the doctor's visit expense you need to pay, even in the wake of arriving at your deductible. The guarantor pays the leftover part of the bill.Know more about Health Insurances - https://brainly.com/question/19182832
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eduardo has recently moved to a new city with his wife who was offered a great job there. he is trying to find a position in the same industry he worked in before relocating.Is he experiencing cyclical unemployment, frictional unemployment, structural unemployment, or no unemployment? Explain.
According to the Bureau of Labor Statistics, an unemployed person is someone who is now unemployed or has actively sought employment.
Unemployment occurs when people actively seek jobs based on their talents, experience, and expertise.
It covers four types of unemployment: institutional, cyclical, frictional, and structural. Frictional unemployment arises when workers look for work and is not caused by economic considerations.
In contrast, structural unemployment is caused by economic shifts that make it harder for workers to find jobs.
Frictional unemployment is usually a one-time occurrence, whereas structural unemployment might endure for years.
Frictional unemployment occurs as a result of workers looking for new jobs or moving from old positions to new ones.
It is also known as "natural unemployment" because it is unrelated to the conditions that contribute to an inadequate economy.
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Which of the following is TRUE of the relationship among the variable of employment, income, and education: o they are inextricably linked to each other and to health status o there is no correlation, based on multiple empirical studies o they are correlated, but only occasionally and only for males o intervention in one area does not seem to have any impact any other
The answer is option a. they are inextricably linked to each other and to health status.
What are the terms of employment?The particular terms and agreements that regulate a worker's relationship with their employer are known as terms of employment. They might cover the employee's start date, working hours, pay, perks, and terms of termination.
What does employment mean in India?In terms of economics, employment refers to the condition of having a job or being employed. Paying someone is a requirement if one must hire them. The person who hires people is known as the employer, and the person who receives compensation for rendering services is known as the employee.
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what the term describes the fact that unlimited wants cannot be completely satisfied with limited resources?
This concept is known as the scarcity principle, and it refers to the idea that resources are finite and limited, while human wants and needs are practically infinite.
This concept is at the root of all economic decision-making, as it requires individuals, businesses, and governments to choose between the various resources available and the unlimited number of wants and needs they have.
This principle drives the allocation of resources and the choices that must be made in order to fulfill the most urgent wants and needs. In essence, the scarcity principle states that in order to satisfy some wants, other wants must be left unfulfilled.
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What does vinfast use focus strategy on? What effect does that strategy have on vinfast?
Vinfast use focus strategy of Vinfast on men aged 35 to 45 with families and to promote green world.
The effect of the focus strategy on vinfast is it promote their sales.
What is focus strategy?A focus strategy is a method of developing, marketing and selling products to a niche market, which could be a type of consumer, product line or geographical area. It involves involves delivering a product/service to a narrow and specific segment in the market. It targets a certain group of customers.
Vinfast focus is on middle aged men with families and produce vehicles that do not pollute the air protect the ozone layer.
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when government work to ensure consumers know who is behing the information they receive through social media what is the government promoting
Transparency is what the government promotes when it works to guarantee that consumers know who is behind the content they receive through social media.
The definition of "transparency in government"Transparency, which also informs the public about the actions of their government, promotes accountability. The information that is kept current by the federal government is a national asset.
Public trust in the institution is increased by government transparency. By allowing individuals who want knowledge access, the government becomes answerable to the public. By doing this, efficient utilization of public monies is ensured. The Oregon Health Plan and Open Data DC are two examples of government transparency.
What makes transparency so important in social media?Transparency improves understanding of efficient content moderation techniques, which improves understanding of laws and regulations that work, and so forth.
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Union Corp. uses the retail method of inventory valuation. The following information is available:
Beginning inventory
Cost : $12,000 Retail $30,000
Purchases
Cost: 60,000 Retail 110,000
Net additional markups Retail: 10,000
Sales revenue
Retail: 90,000
If the lower of cost market rule is disregarded, what would be the estimated cost of the ending inventory?
A. $20,000 B. $19,200 C. $20,800 D. $22,000
An accounting technique called the "Retail Inventory Method" is used to predict the value of a store's inventory over time. To calculate it, add up the entire retail value of all the items in your inventory,B. $19,200.
deduct the total sales, and then multiply the result by the cost-to-retail ratio.The weighted average cost flow assumption, FIFO, LIFO, or the retail technique can all be applied. It is based on the (known) correlation between inventory cost and retail prices. It is also used in conjunction with the LIFO approach for dollar values. The beginning inventory and the layer for the current year are included in the ending inventory according to the LIFO retail technique. Layers are calculated by comparing ending inventory at retail to beginning inventory at retail. If inventory grows, we estimate that no more than one inventory layer will be added.
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Hyperinflation makes it difficult for the market to have the relative prices reflect the true scarcity of goods and services because:A. it is difficult for customers to shop around for the best price.B. unions demand long-term union contracts during hyperinflation.C. prices of each good in the market is the same during hyperinflation.D. all market activity disappears during hyperinflation.
Hyperinflation makes it difficult for the market, true scarcity of goods and services because: it is difficult for customers to shop around for the best price.
Such overstocking results in shortfalls. Accumulation often starts with durable goods like automobiles and washing machines. If devaluation continues, people start to store perishable goods like milk and bread. The business crumbles as these requirements become scarcer and more costly. When hyperinflation, or out-of-control inflation, is present, the price of goods and services rises at a rate of 50% each month or at a rate of 1,000% or more annually.
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Suppose that the amount of currency in circulation is $200 billion and the government prints $8 billion to finance its expenditures. If velocity and real GDP are constant, then the price level will rise by _____ percent and the amount of seigniorage will be _____ percent of the amount of currency in circulation.
The answer is 4 ; 4. If velocity and real GDP are constant, then the price level will rise by 4 percent and the amount of seigniorage will be 4 percent of the amount of currency in circulation.
we get the answer as 4 by (8 billion / 200 billion) * 100 = 4. The monetary income rate is number of times the money supply is used to purchase finished goods and services in a year. This rate is based on gross domestic product (i.e.GDP) and is calculated by dividing GDP by the money supply. It is also known as the velocity or speed of money.
The velocity of money ratio is used to measure the level of economic activity in an economy. It is an important indicator of economic health.
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When asked 'What is marketing?' most people would think of the ... element of the marketing mix. a. promotion b. production c. price d. place e. product.
When most people are asked "What is marketing?" they would think of the A) promotion element of the marketing mix.
This is because promotion, also known as advertising and sales promotion, is the most visible aspect of marketing. It includes all the communication efforts made by a company to promote its product or service to potential customers.
This could include traditional advertising such as television, print and radio ads, as well as digital marketing efforts such as social media and email campaigns.
Promotion is an important part of the marketing mix as it helps create awareness about a product or service and drives sales. It is essential for companies to communicate the value and benefits of their product or service to potential customers in order to build interest and drive sales.
However, promotion is just one aspect of the marketing mix and is closely linked to the other elements such as product, price, place and production. A successful marketing strategy should take into account all of these elements in order to be effective.
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the marketing mix element that describes what a buyer exchanges with a seller in order to obtain a product is known as A) ProductB) PriceC) Place or DistributorsD) Promotion
Option B is correct. The quantity of money paid by clients to purchase the product. Place (or distribution): The activities that make the product accessible to consumers. Promotion: The things to do that talk the product's facets and benefits and persuade clients to purchase the product.
What is advertising combine factors of advertising and marketing mix?What is Marketing Mix. Definition: The advertising combine refers to the set of actions, or tactics, that a business enterprise makes use of to promote its brand or product in the market. The 4Ps make up a typical marketing combine - Price, Product, Promotion and Place.
During the 1950s the elements of the advertising combine had been conceived as the “four Ps” and were described as follows: Product: the items and offerings offered. Promotion: conversation and information. Place: distribution or transport
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https://brainly.com/question/12080147#SPJ4True/False. Economic models are useful in explaining and predicting behavior only to the extent that people are consciously aware of those models when making decisions.
Answer:
True
Explanation:
im not for sure but i think im right
Advertising Age annually compiles a list of the 100 companies that spend the most on advertising. Consumer-goods company Procter & Gamble has often topped the list, spending billions of dollars annually. The data on annual advertising expenditures for a sample of 20 companies in the automotive sector and 20 companies in the department store sector are contained in the Excel Online file below. Construct a spreadsheet to answer the following questions. Open spreadsheet a. What is the mean advertising spent for each sector?
Using the appropriate statistical relationship, the mean for the advertisement spending of the two companies are worked out below.
Automotive:
598, 1512, 1573, 1642, 1714, 1720, 1781, 1798, 1813, 2008, 2014, 2024, 2058, 2166, 2202, 2254, 2366, 2526, 2531, 2901
Department :
448, 472, 474, 573, 589, 597, 598, 622, 629, 669, 706, 714, 746, 760, 782, 824, 840, 856, 947, 1011
Expression of Sample mean = ΣX/n
Where, n = sample size and X is each value
Thus,
Mean [Automotive] = 39201 / 20 = 1960.05
Mean [Department] = 13857 / 20 = 692.85
A sample mean is the average of a set of data. The sample mean can be used to calculate the central tendency, standard deviation, and variance of a data set. The sample mean can be used, among other things, to calculate a population average.
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Organizational purpose serves as the basis for an organization's ______. (Select all that apply)missionhierarchyculturecore values
Organizational reason fills in as the reason for an association's main goal mission culture and core values. option (A) is correct.
Understanding and dealing with the business is an association's essential objective or reason. The principal objective is to join all the faculty and explain the association's heading.
As indicated by one definition, an organization's fundamental beliefs are its unequivocally expressed precepts concerning its main goal, vision, and core values. Thusly, everybody is in concurrence with a center rule that expects to help the local area at large, the representatives, and the clients. That fills in as a meaning of hierarchical culture too.
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This question is not complete , Here I am attaching the complete question:
Organizational purpose serves as the basis for an organization's ______. (Select all that apply)
(A) mission
(B) hierarchy
(C) culture
(D) core values
which of the following best represents the reasoning used by the supreme court in church of the lukumi babalu aye, inc. v. city of hialeah, in which the court overturned a city ordinance prohibiting the ritual killing of animals as part of religious ceremonies?
The Supreme Court's logic is best exemplified by a government that does not outlaw other animal killing practices.
In Lukumi Babalu Aye v. Hialeah, what decision was made?City of Hialeah v. 508 U.S. 520 (1993) Unless the government can show a compelling countervailing interest, animal sacrifices performed as part of religious rites are protected under the Free Exercise Clause.
The Supreme Court affirmed in Church of the Lukumi Babalu Aye v. City of Hialeah, 508 U.S. 520 (1993), that the First Amendment's freedom of religion provision makes it illegal to pass laws that specifically target one or more religions.
The Church of Lukumi took what action?The Supreme Court affirmed in Church of the Lukumi Babalu Aye v. City of Hialeah, 508 U.S. 520 (1993), that the First Amendment's freedom of religion provision makes it illegal to pass laws that specifically target one or more religions.
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Indicate the financial statement on which each of the following items appears. Use I for the income statement, E for the statement of retained earnings, and B for the balance sheet.
a. Rental Revenue.
b. Insurance Expense.
c. Services Revenue.
d. Interest Payable.
e. Accounts Receivable.
f. Salaries Expense.
g. Equipment.
h. Prepaid Insurance.
i. Buildings.
j. Interest Revenue.
k. Dividends.
l. Office Supplies.
The retained earnings of a company represent the portion of its net income that has not been distributed as dividends to shareholders.
a. Rental Revenue - This item refers to the income generated from renting out property or assets. It appears on the income statement as a line item under "Revenue" or "Rental Income."
b. Insurance Expense - This refers to the cost of insurance coverage for a company's operations. It appears on the income statement as a line item under "Expenses."
c. Services Revenue - This refers to the income generated from providing services to customers. It appears on the income statement as a line item under "Revenue" or "Services Income."
d. Interest Payable - This refers to the amount of interest owed by a company to its creditors or lenders. It appears on the balance sheet as a liability.
e. Accounts Receivable - This refers to the amount owed to a company by its customers for goods or services provided but not yet paid for.
f. Salaries Expense - This refers to the cost of salaries and wages paid to employees. It appears on the income statement as a line item under "Expenses."
g. Equipment - This refers to the machinery, tools, and other tangible assets used in a company's operations. It appears on the balance sheet as a long-term asset.
h. Prepaid Insurance - This refers to the amount of insurance coverage paid in advance.
i. Buildings - This refers to the physical structures used for a company's operations, such as office buildings or manufacturing facilities. It appears on the balance sheet as a long-term asset.
j. Interest Revenue - This refers to the income generated from interest-bearing investments or deposits. It appears on the income statement as a line item under "Revenue" or "Interest Income."
k. Dividends - This refers to the portion of a company's profits that is distributed to its shareholders. It appears on the statement of retained earnings.
l. Office Supplies - This refers to the consumable goods used in a company's operations, such as paper, pens, and printer cartridges. It appears on the balance sheet as a current asset.
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in ocean marine insurance, this term of sale states that the seller of goods is responsible for damage to the cargo during shipment:
Answer:
Yes ,according to the institute of cargo Clause A exclusion 4.4 state in no case shall this insurance cover loss ,damage or expenses caused by inherent vice or nature of the subject matter insured.
Explanation:
This condition makes the seller responsible if in the process of destuffing the container or the goods from the cargo their is no external damage of container and when opening the container it was discovered that the good is fragile and not properly packed, or the temperature impact the good the seller will bear the loss for example EGG with high temperature .
A business wants to evaluate their campaign, and specifically wants to look at how much net profit after investments they made versus how much they spent on advertising. What measurements are used?
A company wants to assess its campaign, and it wants to focus on the difference between its net profit after investments and the amount it spent on advertising. Return on Investment would be the metric here.
The return on investment is referred to by this phrase. The interest or value received as a result of an investment is known as the return on investment. This would be the ROI when they looked back at how much money they had made from the business after all of their expenses.
The return on investment of your marketing expenditures is the main emphasis of marketing ROI. Use this indicator to assess whether specific advertisements or complete marketing campaigns have been successful in growing your clientele and improving sales.
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Suppose you are collecting data from a country like Japan where the government sets the price of health care. Each prefecture in Japan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed in Table 2.12.A) What is the arc price elastic of demand for health care consumers in Japan (using only this data)?B) Suppose that incomes are generally much higher in Tokyo than Hokkaido. Is your answer to the last question an overestimate or underestimate of price elasticity? Justify your answer. [Hint: It may be helpful to plot the data points from Table 2.12 and consider likely demand curves for Tokyo and Hokkaido.]C) Using your estimated elasticity, what would the demand for health care be if the price in Tokyo were raised to 30 per visit? What would the demand in Hokkaido be if the price were lowered to 5 per visit?You continue your observation of the Japanese Health care system into the year 2000. For inscrutable reason having to do with internal Japanese politics, the government changed the price in both Tokyo and Hokkaido the year, and you observe the demand recorded in Table 2.13D) Calculate the price elasticity of demand for health care in Japan using only data from the year 2000.E) Use data from both years to calculate the elasticity of demand for health care for Tokyo and Hokkaido separately.F) Using your estimated elasticites, what would the demand for health care in each prefecture be if the price were raised to 60 per visits next year (for both prefectures)?G) Combine the Tokyo and Hokkaido estimates from exercise 11 (e) to get a single estimate of the price elasticity of health care demand for all of Japan. Assume that Tokyo is five times as populous as all of Hokkaido.
a) ARC price elasticity of demand = -0.27
b) As given that Tokyo's income is more than Hokkaido's. So despite the fact that one is cheaper than the face value of another, pricing related to differences in income can have a similar financial impact.
c) Estimated elasticity = 1.71
(A)
Q1 = 1.25, P1 = 20
Q2 = 1.5, P2 = 10
The ARC price elasticity of demand formula:
= (alteration in quantity / average quantity) / (alteration in price / average price)
ARC price elasticity of demand = {(1.5 -1.25) / [(1.25 +1.5)/2]} / {(10-20) / [(20+10)/2]}
ARC price elasticity of demand = (0.25 / 1.375) / (-10 / 15)
ARC price elasticity of demand = -3.75 / 13.75
ARC price elasticity of demand = -0.27
(B)
Due to higher prices, demand is lower in Tokyo than it is in Hokkaido. The income effect has increased demand for Hapkido. As shown in the picture below, the dotted line denotes the two data points while the line represents the demand curve in Tokyo and Hokkaido. The dotted line is steeper, and the demand curves are linear. These findings suggest that each region's price elasticity is greater than the data point's demand elasticity.
Assuming that Tokyo has a higher income than Hokkaido. Therefore, even when one is less expensive than another at face value, pricing due to income disparities might still have a negative financial impact.
(C)
Projected Elasticity = [(1.25 - 1.50)/ (30 - 5)] * [(30 + 5) / (1.25 + 1.50)]
Projected Elasticity = -0.273 (Because a price rise from 20 to 30 yen in Tokyo entails a 50% price increase.)
Projected Elasticity = -0.273 * 50% = -0.273 * 0.50
Projected Elasticity = 1.71
(D)
Computation of Price Elasticity:
Price Elasticity = [(Qt2 - Qh1) / (Pt2 - Ph2)] * [(Pt2 + Ph2) / (Qt2 + Qh1)]
Price Elasticity = [(1 - 1.2) / (30 - 15)] * [(30 + 15) / (1 + 1.2)]
Price Elasticity = 0.273
(E)
Computation of Price Elasticity:
Price Elasticity = [(Qt2 - Qh1) / (Pt2 - Ph2)] * [(Pt2 + Ph2) / (Qt2 + Qh1)]
Price Elasticity = [(1 - 1.25) / (30 - 20)] * [(30 + 20) / (1 + 1.25)]
Price Elasticity = -0.556
Computation of Price Elasticity for Hokkaido:
Price Elasticity = [(Qt2 - Qh1) / (Pt2 - Ph2)] * [(Pt2 + Ph2) / (Qt2 + Qh1)]
Price Elasticity = [(1 - 1.5) / (15 - 10)] * [(15 + 10) / (1 + 1.5)]
Price Elasticity = -0.556
(F)
If in 2001 Tokyo increased the cost of doctor appointments to 60 units. When compared to the cost of 30 units in 2001, this would be a 100% increase. When the estimate of demand elasticity for Tokyo is applied, an anticipated decline in demand of 55.6% from demand levels in the year 2000 is obtained (100% * 0.556). This resulted in an expected number of trips to Tokyo (1 * 0.444 = 0.444) each month in 2001. A price rise for doctor visits from 15 Units in 2006 to 60 Units in Hokkaido in 2001 would be a 300% increase. The expected reduction in demand from the demand levels in the year 2000 is 166% (300% * 0.556) when the Hokkaido "h" estimate of demand elasticity is applied.
In Hokkaido, we expected there to be zero patient visits in 2001. This is obviously highly unlikely. This is a consequence of the assumption that elasticity is constant.
(G)
creating a single notional estimate by combining the elasticity estimations [say (-3)]. We can simply take the mean of the two elasticity estimates from the two prefectures, Et and En. Let Pt represent Hokkaido's population. The estimated average population is:
E3 = [(EtPt + EnPn) / (Pt + Pn)]
It is stated that Pt = 5 Ph.
Thus, expression can be made simpler:
E3 = [(5E + Ph + EnPn) / (5Pn + Pn)] = (5E + En) / 6
This formula's use results in the elasticity estimate E3 = -0.556. since each region's estimated elasticities were the same. It would have been simple to answer the question without first doing any matches.
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hat is the present value (PV) of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5%?
The present value (PV) of an investment that will pay $400 in one year's time, and $400 every year after that, when the interest rate is 5% is $8000
How important is present value?In economics and finance, the term "present value" or "present discounted value" refers to the worth of an expected revenue stream as of the valuation date. Because it enables investors to evaluate whether the price they pay for an investment is reasonable, present value is crucial. For instance, in the aforementioned example, a 12% discount rate would cause the investment's present value to drop to just $1,802.39. Such present value computations are essential in fields like investment analysis, risk management, and financial planning.
Given:
PV of perpetuity = C/r
= 400/0.05 = $ 8000
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Consider the PPF of a country with movies on the horizontal axis and computers on the vertical axis. Assume there is no significant difference in labor or capital intensity between the two goods. Show the effects of each of the following:
1. Increase in available resources: select one
-shifts PPF left (in)
-shifts PPF right (out)
-doesnt shift the PPF, but moves production point closer to PPF
-doesnt shift the PPF, but moves our production point further from the PPF
2. War results in a loss of life for one in eight prime-age males (select one)
-shifts PPF left (in)
-shifts PPF right (out)
-doesnt shift the PPF, but our outpoint point moves closer to the line
-doesnt shift the PPF, but our output point moves further from the line
3. A technological advance in the production of movies (select one)
- ppf shifts left (in) more along the vertical (computers) axis than the horizontal (movies) axis
- ppf shifts right (out) more along the vertical (computers) axis than the horizontal (movies) axis
- ppf shifts left (in) more along the horizontal (movies) axis than the vertical (computers) axis
- ppf shifts right (out) more along the horizontal (movies) axis than the vertical (computers) axis
4. A technological advance in the production of computers (select one)
- ppf shifts left more along the horizontal (movies) axis than the vertical (computers) axis (in)
- ppf shifts right (out) more along the horizontal (movies) axis than the vertical (computers) axis
- ppf shifts left (in) more along the vertical (computers) axis than the horizontal (movies) axis
- ppf shifts right (out) more along the vertical (computers) axis than the horizontal (movies) axis
5. Unemployment rate in the nation decreases (select one)
-shifts PPF left (in)
-shifts PPF right (out)
-doesnt shift the PPF, but moves production point closer to the line
-doesnt shift the PPF, but moves our production point further from the line
Classify each of the following statements as positive or normative:
1. Society faces a short-run tradeoff between inflation and unemployment.
2.A reduction in the rate of growth of money will reduce the rate of inflation.
3.The Federal Reserve should reduce the rate of growth of money.
4.Indiana should require welfare recipients to look for jobs.
5.Lower income tax rates encourage more work and more saving.
1. For the short term, unemployment and inflation present a trade-off to society is Positive
2. A slower rate of money expansion will result in less inflation is Positive
3. The Federal Reserve should slow the rate at which money is created is Normative
4. Welfare recipients in Indiana should be required to look for work is Normative
5. Lower income tax rates promote more labor and saving is Positive
The most significant economic indicators include inflation and unemployment. A slower rate of money expansion can help reduce inflation by decreasing the amount of money in circulation.
This can help to reduce prices and make goods and services more affordable. Lower income tax can also help reduce inflation by increasing consumer spending power.
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Helps firms define & understand their industryIdentify rivals' strengths & weaknessesCollect data on competitorsInterpret intelligence dataHelps firms avoid surprisesAnticipate competitors' movesDecrease response timeBeware of the potential for unethical behavior while gathering intelligenceThat statement refers to competitive intelegent, is it True or False?
Decrease response time, Beware of the potential for unethical behavior while gathering intelligence. That statement refers to competitive intelligent, it is true.
Competitive intelligence is a critical component of strategic management. It enables decision-makers to compare their performance to that of competitors and devise effective future plans.
However, in this day and age, picking through the correct sources to accomplish certain aims and objectives might be tough. Competitive intelligence, by definition, collects actionable information from a variety of published and unpublished sources in an efficient and ethical manner.
In an ideal world, a company would successfully deploy competitive intelligence by creating a detailed enough portrait of the market to predict and respond to difficulties and issues before they occur.
Competitive intelligence goes beyond the simple adage "know your enemy." Rather, it is a deep dive activity in which organizations learn about their competitors' business plans, including the clients they service and the markets in which they operate.
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Positive economics is concerned with ______, whereas normative economics deals with ______. What is, what should be.
Positive economics is concerned with "what is"; while normative economics deals with "what should be".
Positive economics is objective and mainly deals with the analysis and explanation of economic phenomena; normative economics, on the other hand, is subjective and involves making value judgments and recommendations about economic issues. For example, positive economics would study the relationship between inflation and unemployment, while normative economics would make recommendations on the appropriate trade-off between the two.
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