The payment made by Movers, Inc. on November 1, 2022 for 2 years' rent will be recognized as a prepaid expense in their financial statements as of December 31, 2022.
Prepaid expenses are advance payments made for goods or services to be received in the future. As the rent payment covers a period of 2 years, the company will allocate the payment over the 2-year period in a systematic and rational manner. This can be done on a monthly basis, where each month's rent is recognized as an expense in the income statement. In the balance sheet, the prepaid rent of $24,000 will be shown as an asset until it is recognized as an expense in the income statement. As the company recognizes the expense over the 2-year period, the asset will be reduced, and the expense will be reflected in the income statement. In conclusion, the $24,000 rent payment made by Movers, Inc. will be recorded as a prepaid expense in the balance sheet and will be recognized as an expense in the income statement over the 2-year period. This method of accounting helps to provide an accurate representation of the company's financial performance and position.
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. if dairy farmers use automatic milking machines instead of milking by hand, which of the following economic questions does their decision answer? group of answer choices who has a comparative advantage in milking? for whom to produce? what is the price of milk? how to produce? what to produce?
If dairy farmers use automatic milking machines instead of milking by hand, The economic question raises is how to produce the milk. Thus, option d is correct.
Compared to the conventional procedure, more milk is produced. Machines are safer than humans when it comes to milking since during typical operations, the cows' teats come into contact with rubber liners rather than fingernails. Stress decreases while lactation is occurring.
Additionally, if you only have one cow to milk, hand milking is definitely your best option. However, if your pet is choosy or if the cow, sheep, or goat produces a lot of milk, this rule does not apply to them.
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a consulting company must hire 13 new associates per year to replace those who have left the company for other positions or have retired. the company employs 147 associates overall. how long is the average associate employed at the consulting company? note: round your answer to 1 decimal place.
Rounding to one decimal place, the average length of employment for an associate at the consulting company is 11.3 years.
To calculate the average length of employment for an associate at the consulting company, you can divide the total number of associates by the number of replacements needed each year.
147 associates ÷ 13 replacements per year = 11.3 years
This calculation assumes that the number of associates leaving the company each year is equal to the number of new hires and that the company has a stable level of employment. In reality, the length of employment for individual associates may vary, and the company may have fluctuations in the number of associates on its payroll from year to year. Nevertheless, this calculation provides a rough estimate of the average length of employment for associates at the consulting company.
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over time, people have come to rely more on market-produced goods and less on goods that they produce for themselves. for example, busy people with high incomes, rather than cleaning their own houses, hire people to clean their houses. by itself, this change has
Busy people with high incomes, rather than cleaning their own houses, hire people to clean their houses. by itself, this change has resulted in a shift towards a more market-oriented economy.
This is where people increasingly rely on the market to produce and provide goods and services, rather than producing these goods and services themselves. This shift has been driven by a number of factors, including urbanization, technological advancements, and changes in consumer preferences and lifestyles. As people become more affluent and their time becomes more valuable, they are increasingly willing to pay for goods and services that they would have previously produced themselves, such as cleaning or cooking. This has created a demand for these goods and services in the market, and has led to the growth of various industries and the creation of new jobs. At the same time, the growth of the market economy has also had some negative impacts. For example, it has led to a decline in self-sufficiency and increased dependence on the market for goods and services, and it has also contributed to income inequality and the growth of the gig economy. Overall, the shift towards a more market-oriented economy has been a significant and ongoing trend in modern societies, and it has had a wide range of effects on the economy, the workforce, and consumer behavior.
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How did Keynes describe the relationship between labor, capital, and inventory during the Great Depression?
Multiple choice question.
Firms acted predictably to expected inventory levels.
Firms acted unpredictably to unexpected inventory levels.
Firms acted unpredictably to expected inventory levels.
Firms acted predictably to unexpected inventory levels.
Firms acted predictably to unexpected inventory levels did Keynes describe the relationship between labor, capital, and inventory during the Great Depression .
What is Inventory levels ?
The amount of merchandise that a business has available throughout its whole logistics or distribution network is known as inventory levels. This indicator takes into account the amount of inventory housed in warehouses, logistics facilities, and physical storefronts.
The key to a successful stock management strategy is to analyze your inventory levels.
How much inventory should there be?
The precise quantity of stock required to be kept on hand at any given moment in a fulfillment center in order to meet recurring customer demand for the products is known as the optimal inventory level. Selling out-of-stock items will become less of a problem when your inventory levels are optimized.
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Which sentences identifies business to business advertising?
Tech Giant company showing advertisements of a social media platform. B2B marketing refers to paid advertising campaigns that target other businesses rather than consumers.The answer is OPTION C.
B2B advertising is when you pay to inform other businesses about your offering. Any marketing initiatives that are targeted towards other businesses rather than the final consumer are referred to as business-to-business advertising. B2B advertising can feature the promotion of tangible goods, digital products, or services.
The que is incomplete complete que is given below:
a. Customers buying ice cream from shop.
b. Student buying pen from shop.
c. Tech Giant company showing advertisements of a social media platform.
d. Owner putting advertisement to rent his house.
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your project is in the planning stage. you first want to make the cost estimates for the planned project activities, and then you want to aggregate those costs. which process will you perform first?
You're currently planning your project. You should first evaluate the costs associated with the project's scheduled activities before averaging those costs. Create the HR Plan procedure that you'll use first.
Project cost management begins with what?In order to identify what resources the project will require, the cost manager must first analyze the project's scope and requirements, which is the first phase of any cost management process. Including staff, money, time, tools, and equipment, resources are anything that helps a project get done.
How is a project evaluation technique used?A system for project evaluation has existed for as long as there have been projects. Pre-project evaluation, continuing evaluation, and post-project evaluation are the three main categories or methodologies that project evaluation falls under when it comes to the science of project management.
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which of the following is a stakeholder attribute that managers should consider at every step in a stakeholder impact analysis? multiple choice solvency literacy legitimacy supremacy
One of the stakeholder attributes that managers should consider at every step in a stakeholder impact analysis is legitimacy.
Legitimacy refers to the level of acceptance and support that a stakeholder group has in relation to a particular decision or project. It's important for managers to consider the legitimacy of stakeholders because if a decision or project lacks legitimacy, it may face resistance or opposition, leading to potential delays or even failure. Understanding the level of legitimacy among stakeholders can help managers anticipate and address any potential issues early on, ensuring the success of the decision or project.
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ball corporation sells aluminum cans to anheuser-busch to use in making six-packs of budweiser. anheuser-busch has a warehouse located at its plant in st. louis that contains boxes of empty cans received from ball. from anheuser-busch's perspective, the cans in this warehouse represent:
The cans in this warehouse represent as Raw materials and components inventory in the anheuser- busch's perspective.
In the term of economic and business, A raw material also can be called as feedstock, unprocessed material, or primary commodity. Feedstock generally can be defined as a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. There are several types of raw material, such as Plant or known as tree-based , Animal based materials, and also Mining based material.
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Which Long Term Care insurance statement is true?
Pre-existing conditions must be covered after the coverage has been in force for six months
Pre-existing conditions are those for which medical advice or treatment was recommended by or received from a health provider within 6 months preceding the effective date of an individual long-term care policy.
Long Term Care insurance statement is true the Pre-existing conditions must be covered after the coverage has been in force for six months. Thus option D is correct.
What is insurance?Insurance that offers compensation if a claim arises against it, not of whether the claim event happened. It is for the person who needs a insurance claim and will be paid the amount by the insurance comapny.
Pre-existing disease clauses may only refer to circumstances that occurred within six months of the issue date of coverage and should not or otherwise limit insurance for the timeframe that extends past twelve months after that date. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be :
Which Long Term Care insurance statement is true?
-Inflation protection is usually not offered
-Benefits are usually payable for alcohol rehabilitation
-Can only be offered to individuals under the age of 70
-Pre-existing conditions must be covered after the coverage has been in force for six months
suppose that by some miracle the number of hours in the day increased from 24 to 30 hours (with luck this would happen shortly before exam week). how would this affect the budget constraint?
An increase in the number of hours in a day from 24 to 30 would likely have a significant impact on the budget constraint of many households and firms.
The budget constraint represents the set of all combinations of goods and services that a household or firm can afford to purchase, given its income and the prices of the goods and services.
If the number of hours in a day increases from 24 to 30, this would likely increase the amount of labor that households and firms can supply, and therefore increase their potential income. This increase in income would shift the budget constraint outwards, allowing households and firms to purchase more goods and services. The magnitude of the shift in the budget constraint would depend on the amount of the increase in income, as well as the prices of the goods and services in question.
Overall, an increase in the number of hours in a day would likely have a positive impact on the budget constraint and the economic well-being of households and firms, although the specifics of the impact would depend on many factors, including the distribution of the increase in income and the response of prices to the increase in labor supply.
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Anaiah is currently consuming 20 eggplants and 30 kiwis. His marginal utility per dollar spent on the 20 th eggplant is 160 utils and his marginal utility per dollar spent on the 30th kiwi is 190 utils. The price of an eggplant is $3and the price of a kiwi is also $3. He has$180to spend. How much is Anaiah currently spending on these goods?
To maximize his utility, given his budget constraint, Anaiah should allocate his spending such that the marginal utility per dollar spent on the last unit of each good purchased is equal to the price per unit of that good.
Let's first calculate the marginal utility per eggplant and kiwi:
Marginal utility per eggplant = 160 utils / $3 = 53.33 utils per dollar
Marginal utility per kiwi = 190 utils / $3 = 63.33 utils per dollar
Since the marginal utility per dollar spent on kiwis is higher than that of eggplants, Anaiah should buy more and less eggplants.
Let x be the number of eggplants Anaiah buys and y be the number of kiwis he buys. We know that x + y = 50 (since he's buying a total of 50 fruits) and 3x + 3y <= 180 (since he has $180 to spend). Rearranging the second inequality, we get x + y <= 60.
Using the principle of equal marginal utility per dollar spent, we can set up the following equations:
MUe/Pe = MUk/Pk
160/3 = MUk/3
MUk = 480
190/3 = MUe/3
MUe = 570
Solving for x and y, we get:
x = (MUe * y - 180) / MUe = (570y - 180) / 570
y = (MUk * x - 180) / MUk = (480x - 180) / 190
Substituting x in terms of y, we get:
x = (570y - 180) / 570
x = (570(50 - y) - 180) / 570
x = (28500 - 570y - 180) / 570
x = (28320 - 570y) / 570
Substituting this into the budget constraint, we get:
3[(28320 - 570y) / 570] + 3y <= 180
84960 - 1710y + 1710y <= 3420
84960 <= 3420
This inequality is untrue, so we made an error in our calculations.
Double-checking our work, we notice that there is a mistake in the equation for y:
y = (MUk * x - 180) / MUk = (480x - 180) / 190
It should be:
y = (MUk * x - 180) / Pk = (480x - 180) / 3 = 160x - 60
Substituting x + y = 50, we get:
x + (160x - 60) = 50
161x = 110
x = 0.6832
To the nearest whole number, Anaiah buys x = 0 eggplants and y = 50 kiwis. Therefore, he spends:
$3 * 0 eggplants + $3 * 50 kiwis = $150 on kiwis
And none on eggplants.
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tanveer preferred stock has a dividend yield of 5.2 percent. the stock is currently priced at $43.40 per share. what is the amount of the annual dividend?
The amount of the annual dividend will be $2.26 yearly of the 5.2 percent of the stock, currently priced at $43.40 per share.
By dividing the stock price by the dividend yield, one may get the annual dividend for Tanveer preferred stock. Annual dividend equals stock price times dividend yield Consequently, the annual dividend is calculated as follows: $2.26 per share = $43.40 * 5.2% As a result, each unit of Tanveer preferred stock pays a $2.26 yearly dividend. Dividend is a payment made to shareholders by a company, typically in the form of cash or extra stock. Dividends are often distributed from a company's profits as a way of rewarding its investors. The amount of the dividend is decided by the board of directors of the firm, and they are often paid on a regular basis, such as quarterly or annually.
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HOW CAN A BUSINESS MEASURE ITS SUCCESS ❓
Answer:
Explanation:
A business can measure its success in several ways, including:
Financial performance: One of the most common ways to measure business success is by looking at its financial performance, such as profitability, revenue growth, and return on investment. This can help a business assess how well it is generating income, managing costs, and creating value for its shareholders.
Customer satisfaction: A business can also measure its success by tracking customer satisfaction levels through feedback mechanisms like surveys and customer reviews. A high level of customer satisfaction can indicate that a business is providing quality products or services that meet the needs of its customers.
Employee satisfaction: Employee satisfaction is also a critical indicator of a business's success. A happy and motivated workforce can lead to increased productivity and a better overall work environment.
Market share: Measuring market share, or the percentage of total sales in a particular market that a business is responsible for, can provide valuable insights into the business's competitiveness and overall success.
Operational efficiency: A business can also measure its success by tracking operational efficiency, such as lead times, inventory management, and production processes. Improving operational efficiency can increase a business's overall competitiveness and profitability.
These are some of the ways a business can measure its success, and the metrics used may vary depending on the type of business, its industry, and its goals and objectives.
a project can have as many different internal rates of return as it has: group of answer choices changes in the sign of the cash flows. cash inflows. periods of cash flow. cash outflows.
Option (A) changes in the sign of the cash flows is the correct answer when a project can have as many different internal rates of return.
A project can have as many different internal rates of return as there are changes in the sign of the cash flows. The internal rate of return (IRR) is a measure of the profitability of an investment and is calculated as the discount rate that makes the present value of future cash flows equal to the initial investment. If a project has multiple changes in the sign of its cash flows, it can have multiple IRRs, each corresponding to a different discount rate that makes the present value of future cash flows equal to the initial investment.
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lark company, which uses the high-low method, had total costs of $30,370 at its lowest level of activity, when 7,100 units were sold. when, at its highest level of activity, sales equaled 12,700 units, total costs were $39,890. lark would estimate fixed costs as:
Applying the high-low technique: Total expenses - units Equals a decimal when subtracted. Answer: Decimal times the greatest unit multiplied. The solution is to deduct the biggest total cost.
The high-low approach is a methodology used in cost accounting to divide mixed expenses into variable & fixed costs. Using the high-low technique: (Highest activity cost – Lowest activity cost) x (Highest activity units – Lowest activity units) = Variable cost per unit. Fixed cost is equal to the cost of the highest activity, or (Variable cost x the highest activity units). Fixed expenses + (Is around + Unit activity) equals high-low cost. You must first determine the fixed cost component and afterwards the variable cost component, after which you must enter the data into to the cost model formula. The high-low strategy involves calculating fixed costs after determining variable costs. Costs which have already been spent and that actions made now or in the future cannot change. the price of making one additional unit.
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in the context of the communication process, sounds that are not related to messages being exchanged by a salesperson and a customer, such as ringing telephones or other conversations nearby, are known as
In the context of the communication process, sounds that are not related to messages being exchanged by a salesperson and a customer, such as ringing telephones or other conversations nearby, are known as noises.
Psychological noise, physical noise, physiological noise, and semantic noise are different types of communication noise.
All of these types of noise have a subtle but significant impact on how we communicate with one another and are essential to anyone's ability to communicate effectively.
When factors interfere with clear communication and affect how discussions are interpreted, this is referred to as communication noise.
Physical, semantic, psychological, and physiological noises are only a few of the various sorts that exist. The way each one obstructs communication is different.
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reward management practice, which is considered a relational reward? answers profit sharing educational reimbursement career coaching contingent pay
"Career coaching" is the solution that is regarded a relationship reward. Non-monetary incentives aimed to create and deepen the relationship between the employer and the employee.
are known as relational rewards. They are intended to give possibilities for personal and professional development, as well as to make employees feel valued and supported in their jobs. A relational incentive would be career counseling. An employer demonstrates its commitment to helping people grow and succeed in their careers by offering career development counseling and support. Monetary incentives include profit sharing, educational reimbursement, and contingent pay. They are linked to particular outcomes or performance criteria and are intended to give cash incentives for workers to work harder or meet certain targets.
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brooke walks up to kevin, a complete stranger, and demands that kevin pay her $1,000 or she will hurt him. in this case, brooke commits a(n) .
Brooke walks up to Kevin, a complete stranger, and demands that Kevin pay her $1,000 or she will hurt him. In this case, Brooke commits a(n) assault.
A legal definition of an assault is the unlawful act of causing bodily injury or unwanted physical contact to another person, as well as the threat or preparation of such an act. Due to the fact that it is both a crime and a tort, it could lead to either legal action or civil liability. In both criminal and tort law, the common law term is typically the same.
Common law legal systems traditionally distinguish between assault and battery in their definitions. When this distinction is made, assault is defined as a credible threat or attempt to inflict battery, whereas battery refers to real physical contact.
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Completed units that have not yet been sold are found in _______ _________ inventory.
Unsold finished goods inventory relates to the inventory of completed units that haven't been sold yet.
Finished items that have been created and are prepared to be dispatched to clients or merchants make up this inventory. These finished products can be utilised to fulfil consumer demand or to restock stock levels because they are prepared to be sold.
Work in progress inventory and inventory on hand are other names for unsold completed products inventory. This inventory has to be monitored since it reflects money invested in products that haven't yet been sold.
By deducting the closing inventory from the opening inventory, the remaining completed products inventory is computed.
This figure can be used to assess a company's success since unsold completed items are viewed as a symptom of either poor demand or ineffective inventory control.
Businesses may make educated judgements regarding their manufacturing and sales procedures by keeping track of unsold completed items.
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If demand is _____, a higher price yields _____ total revenue.
Question is: If the demand is _____, the higher price equals the total sales of _____. higher elasticity; higher elasticity; Ans) no change) the correct choice is. If demand is inelastic,
Demand is elastic if the formula gives an absolute value greater than 1 The most common commodities with inelastic demand are utilities, prescription drugs and tobacco products. In general, staple foods and healthcare tend to be the least elastic, while luxuries tend to be the most elastic. What happens when demand becomes more inelastic?
Inelastic demand means that consumers' purchasing habits remain largely unchanged when the price of a product or service rises, and consumers' purchasing habits remain roughly the same when prices fall.
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an investment or entity that invests, at least partially, in u.s. government, state, or municipal securities which would be exempt from federal and/or state tax?
An investment or entity that invests, at least partially, in U.S. government, state, or municipal securities and is exempt from federal and/or state tax is commonly referred to as a tax-exempt bond or a municipal bond.
Municipal bonds are debt securities issued by state and local governments to finance public projects such as schools, roads, bridges, and infrastructure.
The interest earned from these bonds is exempt from federal income tax and, in some cases, state and local income tax as well. This tax-exempt status makes municipal bonds attractive to investors who are looking for a higher after-tax return on their investment.
Investors in municipal bonds can choose from a variety of maturities, ranging from short-term bonds that mature in one to three years to long-term bonds that can have maturities of up to 30 years or more. Municipal bonds can be bought and sold on the secondary market, just like other types of bonds.
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What does the government do to promote giving to charity?
A People who give do not have to pay income tax.
B Those who give do not have to fill out a tax form.
C The IRS offers free tax help to those who give.
D The government gives tax breaks to people who give.
_____ describes how people make purchase decisions and how they use and dispose of the purchased goods and services.
"Consumer behavior describes how people make purchase decisions and how they use and dispose of the purchased goods and services."
The process of purchasing goods and services is not as simple as it may seem. There are many factors that influence a consumer's decision-making process, as well as the way they use and dispose of what they purchase.
Consumer behavior is the study of the psychological, social, and economic factors that influence the decisions and actions of individuals and households in choosing, using, and disposing of products, services, and ideas.
Consumer behavior is a complex process that involves a variety of factors, including personal, social, and cultural influences. Personal factors such as age, income, education, and lifestyle can all play a role in the consumer decision-making process. Social factors such as family, friends, and reference groups can also have an impact on the choices that consumers make.
Cultural factors such as beliefs, values, and customs are also important considerations in consumer behavior. For example, certain cultures may place a higher value on status symbols, while others may place a greater emphasis on the practicality and functionality of a product.
In addition to the factors that influence purchase decisions, consumer behavior also encompasses how people use and dispose of the products and services they purchase.
For example, some consumers may use a product as intended, while others may find creative or alternative uses for the product. Similarly, some consumers may dispose of products in an environmentally responsible manner, while others may simply throw them away.
Overall, understanding consumer behavior is important for businesses and marketers who seek to develop effective strategies for attracting and retaining customers. By analyzing the factors that influence consumer decisions and behaviors, businesses can develop products and services that better meet the needs and desires of their target customers.
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true or false: businesses should avoid using social and mobile media technologies. true false question. true false
The statement businesses should avoid using social and mobile media technologies is false.The percentage was 86.2 percent in 2013. Social media is used by businesses because it enables them to: Connect with their stakeholders and customers.
Offer additional customer service options. Provide customers with useful information. Through promotion, consumers are to be persuaded that they require these goods and that the price is reasonable. Promotion encompasses public relations, advertising, and the entire media strategy used to launch a product. A "series of operations that culminates in the delivery of the businesses advantages" is referred to as a "process."
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nearly all organizations that interact with their environments and depend on them for survival are viewed as .
Nearly all organizations that interact with their environments and depend on them for survival are viewed as Open system.
What is open system ?A system that interacts with the outside world is an open system. Depending on the field that defines the term, these interactions can involve the transfer of information, energy, or materials into or out of the system border. A beaker of water is an illustration of an open system.
In contrast to proprietary systems, which typically involve legal agreements governing mode of use and royalty fees, open standards can be used practically everywhere without legal or financial repercussions.
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an exception to the general rule is that if goods are entrusted to a merchant who deals in goods of that kind, the merchant has:
An exception to the general rule is that if the goods are consigned to a dealer who deals in that type of goods, the dealer: 1) the right to retain title to the Goods even if the Goods are sold to the Buyer;
A non-owner takes ownership, for example, by loan or theft. (2) the non-owner sells the goods to an innocent buyer for cash; (3) The non-owner then takes the money and disappears, goes bankrupt, or goes to jail. As a result, the innocent he will have two parties fighting over the goods, with the owner usually arguing that the buyer is responsible for the diversion.
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richard estimates this customer's elasticity of demand is -4, therefore greensburg landscaping can set profit maximizing price to:
Elasticity of demand measures how sensitive the demand for a good is to changes in its price.
It is calculated by taking the percentage change in quantity demanded divided by the percentage change in price. A negative elasticity, such as -4, indicates that consumers will respond to price changes by reducing their quantity demanded. In this case, Greensburg Landscaping should set a lower price in order to maximize their profits. This is because when prices are increased, the quantity demanded will decrease more than the increase in price, resulting in a decrease in total revenue. Conversely, a decrease in price will result in an increase in total revenue due to the increase in quantity demanded. By setting a lower price, Greensburg Landscaping can maximize their profits. However, it is important to note that the exact profit-maximizing price will depend on other factors such as the cost of production and the availability of competitors.
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an industry that operates world-wide with mncs making only small adjustments for country-specific circumstances is called a
Global industries is an industry that operates worldwide with MNCs making only small adjustments for country-specific circumstances
Cross-border competition is a feature of global industries. In actuality, it happens all over the world. In a global business, a company's competitive position in one country might have a big impact on its strategic decision-making in another. Commercial aircraft, autos, mainframe computers, and electronic consumer goods are among the worldwide businesses that are extremely quickly increasing.
The characteristics of several global industries are recognizable. They often run a global information technology and communication infrastructure. The industry's goods and services can be used in all markets with little to no change.
You can use the following four fundamental growth techniques to grow your company: market penetration, product development, market expansion, and diversification.
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ginger had purchased the property for $48,000. six months later, she sold it for $54,000. what was her percentage of gain?\
The percentage gain was 12.5%. It's crucial to determine the gain or loss on investment as a percentage since it illustrates the difference between what was gained and what was required to obtain the gain
To calculate the percentage gain on an investment follow the steps mentioned below:
Investors must first identify the original cost or purchase price of the transaction.
The investment gain or loss is then calculated by deducting the investment's acquisition price from its selling price.
Divide the investment's gain or loss by the cost of the investment or the original acquisition price.
According to Question:
Cost Price = $48000
Selling Price = $54000
[tex]=\frac{Selling Prince - Cost Price}{Cost Price}*100[/tex]
[tex]=\frac{54000 - 48000}{48000}*100[/tex]
=[tex]\frac{6000}{48000}*100[/tex]
=12.5%
The percentage gain was 12.5.
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support activities in a value chain include the processes of finding vendors, setting up contractual arrangements, and negotiating prices. group of answer choices true false
The statement 'support activities in a value chain include the processes of finding vendors, setting up contractual arrangements, and negotiating prices' is true.
Both primary and secondary operations are included in value chains.
Primary activities are those that directly contribute to the manufacture and supply of goods and services.
With the use of secondary activities, businesses can further enhance their value chain's primary operations. Activities in the value chain that support the primary activities do just that. Each major activity typically involves a supporting, or secondary, activity.
All acts that are not directly involved in the creation of a product but instead provide crucial support for a primary activity are referred to as support or secondary activities.
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