A) Ignoring possible variables and simplifying is an important step in the process of developing economic theories, principles, and models (A).
In developing economic theories, principles, or models, economists often need to simplify the complex economic environment in order to better understand and analyze relationships between different economic variables.
This involves removing or ignoring some variables that might not be relevant to the theory, principle, or model being developed. By ignoring variables, economists can more easily identify the key drivers of economic behavior and focus their analysis on these drivers.
For example, when developing a model of supply and demand, economists might ignore the effects of taxes, subsidies, and other government policies in order to better understand the underlying relationship between price and quantity supplied or demanded.
By focusing on the core relationship, economists can build a more robust and easily understood model that provides useful insights into the functioning of the market.
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what is the technique used in collective-bargaining contracts to settle grievances that employees have against their employers. ?
group of answer choices mediation arbitration facilitation conciliation litigation
The technique used in collective bargaining contracts to settle grievances that employees have against their employers is called arbitration. This is a process where a neutral third party, known as an arbitrator, listens to both sides of the dispute and makes a binding decision to resolve the issue.
This method is often preferred as it is quicker and less expensive compared to other options such as litigation. Arbitration is a confidential process, which helps to maintain positive relationships between the employer and employees. It is also seen as a fair way to resolve disputes as it provides an impartial decision maker to make a determination based on the facts of the case. Overall, arbitration is an effective way to resolve workplace disputes and is widely used in collective bargaining contracts.
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hormones are necessary for the release of hormone. this is an example of modulation of a hormone by a target hormone of another series
A hormone called prolactin does not encourage the production of another hormone by the cells it targets.
By hormone, what do you mean?
Chemical messengers that are produced and work at certain places via flowing through the bloodstream are known as hormones.
The pituitary gland releases the hormone prolactin straight into the circulation. It is known to produce milk in animals and is at its highest during ovulation.
As a result, prolactin is a hormone that does not cause its target cells to produce another hormone.
The fact that some hormones have certain receptor locations makes them capable of reacting. Because the receptor on a specific target cell identifies the chemical structure of that particular hormone.
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T/F boeing's development of the 787 dreamliner is an example of a company obtaining a competitive advantage through quick response.
The statement "Boeing's develop-ment of the 787 Dreamliner is an example of a company obtain-ing a competitive advantage through quick response." is True.
The Boeing 787 Dreamliner is an all-new, super-efficient family of commercial air-planes that brings big-jet ranges and speed to the mid-dle of the market. The Boeing 787 Dream-liner is an American wide-body jet airliner developed and manu-factured by Boeing Commercial Airplanes.
The air-plane's un-paralleled fuel efficiency and range flexi-bility enables carriers to profit-ably open new routes as well as optimize fleet and net-work perform-ance. And for their passengers, an experience like none ot-her in the air, with mo-re comfort and less fatigue.
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how would you describe a marketing mix
Answer:
Definition: The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place.
A firm has sales of $1.8 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $225,000. What is the average collection period? (Use 365 days in a year. Do not round intermediate calculation. Round the final answer to the 1 decimal place)
If a firm has sales of $1.8 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $225,000 then, the average collection time frame is 56.25 days.
The average collection time frame is the quantity of days' sales in receivables and determined by utilizing following recipe:
The quantity of days' sales in receivables = 360/Accounts receivable turnover ratio
Accounts Receivable Turnover = Net Credit Sales/Accounts Receivable
Net Credit sales = Absolute Sales - the sales are for cash = $1,800,000 - 20% x $1,800,000 = $1,440,000
Accounts Receivable Turnover = $1,440,000/$225,000 = 6.4 times
The quantity of days' sales in receivables = 360/6.4 = 56.25 days
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Which of the following is among the three competitive factors that impact only Internet sales and market share in a region? Company expenditures for brand advertising The number of branded models/styles that each company has designed and produced for exclusive sale at its website--such models/styles cannot be obtained anywhere else The S/Q rating of the branded footwear each company sells to online buyers Company expenditures to support the online merchandising efforts of third-party online retailers of athletic footwear Whether a company offers free shipping on buyer orders or requires customers to pay the shipping charges
The three competitive factors that impact only Internet sales and market share in a region is whether a company offers free shipping on buyer orders or requires customers to pay the shipping charges. Thus the last option is correct.
What are Internet sales?When a client places an order for a specific product through an e-commerce website and uses the internet as a purchasing platform, this is referred to as an "Internet Sale." It also includes product marketing and advertising.
Since the order is delivered through ports and customers must pay for shipping, whether a business offers free shipping on client orders or charges them, it falls under internet sales.
Therefore, the last option is appropriate.
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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 efficient set of portfolios:a. contains the portfolio combinations with the highest return for a given level of risk.b.contains the portfolio combinations with the lowest risk for a given level of return.c.is the lowest overall risk portfolio.d.Both A and Be. Both A and C
The efficient set of portfolios is that ''contains the portfolio combinations with the highest return for a given level of risk'' and ''contains the portfolio combinations with the lowest risk for a given level of return''. The correct option is D, which is both A and B.
The portfolios according to the economics, it is the set of collection of financial investments for example stocks, bonds, cash and the fund counterparts.
The market portfolios are an efficient portfolio and for each asset, its the expected return follows a simple linear combination with the expected return of the market portfolio. The efficient portfolio concave is the every increase in the risk results in a relatively smaller amount of returns.
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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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HELP! THE WORK IS ATTACHED! 100 points!
Selling strategy are important, as in this context, because its helps to plan for the future, assess problems and manage different approaches across the organisation. The best sales strategy would be having an objective with a plan that can be continuously reviewed over time.
Description of the product the company sells:This company sells items like Phones, Laptops, Headphones, Apple CarPlay, Chargers.Which needs in Maslow's hierarchy does this product appeal to or why would customers want this product?Apple items, such as phones, tablets, and computers, are used to interact with others, so I believe it belongs in the social level.Role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person?They will assist in the marketing of the product they are selling by offering examples that would aid in the sale of the product. The more the product does, the higher the fee paid to the salesperson. They will probably not need much assistance, as a salesperson's primary duty is to help the company market its product or service effectivelySales methods to work best for selling this product?I would do it on a few different websites. as a result of the pandemic If the pandemic was over, the safest place to be would probably be in a Cellphone store. Since so many people watch television, I will often advertise on television advertisements. or I'd use social media to advertise because I know a lot of teenagers and young adults who love apple and use social media.Read more about Selling strategy
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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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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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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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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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Which of the following statements is true of a company's right over its employees' electronic communication?A)Employees' electronic communications cannot be intercepted by a company.B)US courts have denied the right of companies to monitor the electronic mail of employees.C) A company can monitor its employees' electronic communications without consent.D) A company technically owns its employees' electronic communications.
A company can monitor its employees' electronic communications without the consent is true of company's right over its employees' electronic communication.
What is communication?Communication is the process of transferring information, whether verbally or nonverbally, through written or spoken words, textual or visual symbols, signs, gestures, and actions. To put it simply, all communication requires a sender and a recipient, a message, and an exchange of meaning on both ends. Both during and after sending the communication, the recipient makes ideas to the sender. Feedback cues can be sent orally or nonverbally through a number of body language patterns, including nodding in agreement, sighing, averting one's eyes, and many more. If the recipient can see the sender, they can read nonverbal cues in addition to the message's content. These cues could be anything from assurance to trepidation, seriousness to fun.
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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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A key component and major advantage of an ERP is its ____________
Answer:A key component and major advantage of Enterprise Resource Planning (ERP) systems is their ability to integrate and manage various business processes and functions in a centralized and unified manner.
Explanation:
ERP systems bring together data and processes from various departments such as finance, human resources, and operations, providing a single source of truth for the organization. This allows for better data accuracy, improved decision-making, and increased efficiency, as well as the automation of many manual and repetitive tasks.
Another advantage of ERP is its ability to provide real-time visibility and insights into business performance, enabling organizations to identify trends and make informed decisions. ERP systems also support scalability and can accommodate growth and changes in the business, making them a valuable long-term investment.
The integration and streamlining of business processes that ERP provides is a major advantage and has significant positive impact on the efficiency, performance, and competitiveness of organizations.
Draw a production possibilities frontier showing increasing opportunity cost of wine in terms of cloth.
a. On the graph, identify the area of feasible outcomes and the area of infeasible outcomes. (0.5pt)
b. On the graph, label a point that is efficient and a point that is inefficient. (0.5pt)
c. On the graph, illustrate the effect of the decreasing population which leads to a decrease in the labor hours, a resource needed to make both wine and cloth, on this economy. (0.5pt)
d. On a second graph, illustrate the effect of a new computerized assembly line in the production of wine on this economy (0.5pt)
Show the economic impact of the declining population, which causes a reduction in labor hours a resource required to produce both wine and cloth on the graph.
What is opportunity cost?The worth of other goods or services you must forsake in order to obtain your desired item is known as the opportunity cost. The term "cost" as used by economists typically refers to opportunity cost. The opportunity cost is the sum of the money that could be spent in other ways and the time spent studying.
Opportunity cost, as used in economics, refers to the values or advantages that a firm, business owners, or organizations sacrifice when they select one alternative over another when making decisions about their operations.
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the case illustrates that toyota overall maintains a differentiated position in the market and continues to be successful across the globe. which of the following business levers is highlighted in this effort to sustain a competitive advantage?
The correct option is E. Customer Service business levers are highlighted in this effort to sustain a competitive advantage.
Commercial enterprise economics is an area in applied economics that makes use of monetary concepts and quantitative strategies to investigate business companies and the factors contributing to the range of organizational structures and the relationships of companies with labor, capital, and product markets.
Enterprise economics is a field of carried out economics that research the economic, organizational, market-related, and environmental troubles faced by businesses. commercial enterprise economics encompasses topics inclusive of the idea of scarcity, product factors, distribution, and intake. enterprise is likewise the efforts and activities of a person who is producing items or imparting offerings with the cause to sell them for earnings. commercial enterprise Definition. commercial enterprise refers to an enterprising entity or employer that contains professional sports. They can be business, commercial, or others.
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Complete Question:
the case illustrates that toyota overall maintains a differentiated position in the market and continues to be successful across the globe. which of the following business levers is highlighted in this effort to sustain a competitive advantage?
A). Production features
B). learning curve
C). complements
D). economies of scale
E). Customer Service
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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The number one reason for the failure of new business is A poor marketing B poor management C insufficient cash D taking too many risks
The number one reason for the failure of new business is taking too many risks. Thus option (D) is correct.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
The number one reason for the failure of new business is taking too many risks. Therefore, option (D) is correct.
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Which of the following correctly states the three main reasons the demand curve is downward sloping?Marginal benefit, purchasing power, and substitutes
The three main reasons the demand curve is downward sloping are: A Marginal benefit, B: Purchasing power:, C: Substitutes.
These three factors combine to create the downward slope of the demand curve, which represents the relationship between the quantity demanded and the price of a good or service.
Marginal benefit: As the quantity of a good or service increases, the marginal benefit that a consumer derives from consuming additional units decreases.Purchasing power: As the price of a good or service increases, the purchasing power of consumers decreases, which leads to lower demand.Substitutes: As the price of a good or service increases, consumers may turn to substitutes that are cheaper and provide similar benefits. This will result in lower demand for the original good or service."
Complete question is
Which of the following correctly states the three main reasons the demand curve is downward sloping?
A: Marginal benefit
B: purchasing power
C: substitutes
"
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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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Which of the following is not an appropriate guideline for developing a strategic group map for a given industry?A)Variables chosen as axes for the map should indicate big differences in how rivals have positioned themselves to compete in the marketplace.B)Variables chosen as axes for the map can be quantitative,qualitative,or discrete and defined in terms of distinct classes and combinations.C)Variables selected as axes for the map should be highly correlated.D)Several maps should be drawn if more than one pair of variables can help illuminate differences in the competitive positioning of industry members.E)Sizes of the circles on the map should be drawn proportional to the combined sales of the firms in each strategic group.
(E) Sizes of the circles on the map should be drawn proportional to the combined sales of the firms in each strategic group is not an appropriate guideline for developing a strategic group map for a given industry.
The size of the circles on a strategic group map should not be proportional to the combined sales of the firms in each strategic group. This is because the size of the circles does not indicate the competitive positioning of firms in the industry, it only indicates the size of the firms.
A more appropriate guideline for developing a strategic group map would be to choose variables that indicate differences in how firms have positioned themselves to compete in the marketplace and to use these variables as axes for the map. These variables can be quantitative, qualitative, or discrete and defined in terms of distinct classes and combinations.
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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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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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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
we use hypothesis testing to resolve conflicts between two competing hypotheses on a particular population parameter of interest. which of the following corresponds to the null hypothesis?
Corresponding to a presumed default state of null nature or status quo denoted H0. The null hypothesis, also known as H0, is the assertion that there is no difference between the two sets of data or variables being analysed.
The alternative hypothesis of a test states your research's prediction of an effect or relationship, whereas the null hypothesis of a test always predicts no effect or no relationship between variables. The null hypothesis is a common statistical theory that contends that there is no statistical relationship or significance between any two sets of observed data and measured phenomena for any given single observed variable.
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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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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?