ROLE-PLAY This role play will give you experience in using strategic pricing to maximize profits selling a house. For this role play, half of your group should be real estate salespeople. Each salesperson should pick an actual home he or she is familiar with and develop a price at which to sell the house. The salespeople should look at what price similar houses have sold for in that community and do additional market research online to make sure they are providing value to the customer. The salespeople should also highlight reasons why the potential buyer should purchase this specific house. The other half of the group will be the current or prospective home buyers looking to move to the community where the salesperson's house is located. Each buyer will hear the sales presentations and can make an offer to buy the house based on the market and what they are willing to pay. The salesperson can present a counter-offer from the home's (hypothetical) current owner. The buyer will decide if he or she wants to purchase the house, and if so at what price. At the end of the role play, both the salesperson and the buyer should reflect on what parts of the sales presentation were most effective in leading the buyer to pay more or less for the home. Post role-play reflection As you evaluate the role-play, it is important to reflect on their areas of strength and areas needing improvement. You are encouraged to keep working on improving your skills. These questions will help and each group should answer them: 1. Did your presentation and/or slicks provide insight on how to address the specific problem(s)? How did you involve participants? 2. How did you feel about the objections that were presented? Is there another approach you could have used?​

Marketing research  refers to the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions .

What does marketing research mean?

Marketing research is the methodical collection, logging, and analysis of qualitative and quantitative data about topics related to marketing goods and services. Finding and analyzing the effects of modifying marketing mix components on consumer behavior is the aim.

Which four forms of marketing research are there?

Customer observation, focus groups, interviews, and surveys are the four most popular types of market research procedures. In order for a corporation to sell itself more successfully and ultimately flourish in the market, market research entails obtaining information about target demographics and consumers.

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When it comes to the employee involvement component of TQM, PDCA is most frequently used.

What element of TQM typically applies Pdca?

It is inappropriate to benchmark by comparing one of your divisions to another of your divisions; benchmarking necessitates the comparison of your company to other organisations. The advantages of the various problem-solving cycles are where Lean and Six Sigma practitioners disagree most. Lean is an example of the PDCA methodology, but Six Sigma is more reliant on the DMAIC idea. A continuous cycle of planning, doing, checking (or researching), and acting is known as the PDCA/PDSA cycle. It offers a straightforward method for dealing with issues and directing change.

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Foreign direct investment (FDI) inflows have increased recently in several developing countries.

The top receivers of FDI inflows in 2018 were, per statistics from the United Nations Conference on Trade and Development (UNCTAD), as follows:

139 billion from China

American economy: $111 billion

$104 billion for Hong Kong

$65 billion - Singapore

Brazil: $64 billion.

$50 billion in the United Kingdom

Dutch economy: $49.billion

Irish economy: $42 billion

$41 billion - Switzerland

$38 billion - India

As you can see, a combination of developed and developing countries came in second behind China as the leading beneficiary of FDI inflows in 2018. It is important to remember that FDI inflows can vary from year to year and that the COVID-19 epidemic has significantly altered global investment trends.

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User experience is essential since it helps to satisfy user needs. It aims to provide pleasurable experiences that keep customers loyal to the product or service. A meaningful consumer experience also enables you to specify consumer journeys in your products that are beneficial to commercial achievement.

A business expert is a professional who offers businesses possibilities, methods, and strategies that are supported by research and data in order to assist them achieve their goals and objectives.

The total market, which consists of all consumers, is segmented into groups with common characteristics in order to build a product which attracts to the majority of potential buyers. who is most likely to purchase The target demographic for your goods is sometimes referred to as the market.

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Given that Ms. White has a Harvard MBA, a Hopkins master's in international studies, attended Oberlin for her undergraduate studies, and formerly worked for the World Bank, one may presume that she is financially well.

The comment from the interview that corroborates my thesis is when she was questioned about both her financial situation and her value.

The fact that Ms. White is a well-known figure in the financial industry may lead some people to believe that she is wealthy as a result of her excellent work at the World

She earned a master's degree in international studies from Harvard Business School, and while an undergraduate at Oberlin, she excelled academically and worked for the World Bank.

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Blockchain technology is a system for storing digital transactions made with cryptocurrency. Thus, option D is correct.

Cryptocurrencies represent a brand-new approach to money. They pledge to accelerate and reduce the cost of the current monetary structure. Additionally, their technologies and design decentralize current financial systems and enable asset exchange between parties involved.

Blockchain explains how actions are things and archived into "blocks." A digital record of bitcoin exchanges is created as a result, which is challenging for attackers to alter despite being a pretty complicated, technical procedure. Therefore, option D is correct.

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A sole proprietorship is the simplest form of business structure.

A sole proprietorship is a type of business structure in which an individual owns and operates the business. This individual, known as the sole proprietor, is personally responsible for all aspects of the business, including its debts and liabilities. The sole proprietorship does not have a separate legal existence from its owner, which makes it the simplest and most common form of business structure.

Setting up a sole proprietorship typically involves obtaining any required licenses and permits, registering the business with local authorities, and obtaining a tax identification number. In terms of taxes, a sole proprietorship is not taxed as a separate entity, but rather the profits and losses are reported on the owner's personal income tax return.

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True, The Japanese idea of kyosei refers to coexisting peacefully with healthy and just competition while working and living for the common good.

The ethical standards for proper business conduct are outlined inside the Caux Rounds Table (CRT) Guidelines for Responsible Business. Free markets are supported by trust and confidence, and the foundation for this trust and confidence is provided by ethical business practises. Kyosei refers to coexisting in harmony for the benefit of everybody, allowing for both fair and competitive marketplace as well as cooperation and mutual success. When it comes to human dignity, each person is valued as an end in themselves rather than as a tool to further the agendas of others.

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To market a product, a persuasive presentation should be used.

Influencing you to desire to do or think a certain way: a persuasive speaker or speech. Your justifications are strong.

There are many different types of persuasive writings, such as an advertisement tempting you to buy chocolate, a banner urging people to give up smoking, or a vacation brochure luring the reader to visit a specific nation.

To persuade the reader that the writer's opinion, assertion, or claim is true or valid, one uses the persuasive purpose.

Getting someone to agree with you right away. making it simpler to sell or market your products or services. helping you quickly establish rapport with others. Increasing the likelihood that a negotiation will be successful

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False , Variable manufacturing overhead costs are treated as product costs and are included in the cost of products sold under absorption costing.

This is due to the fact that the cost of the product includes all manufacturing expenses, including both variable and fixed manufacturing overhead. Variable manufacturing overhead costs are treated as product costs under variable costing, just like direct materials and direct labour are. However, as they are considered period costs, fixed manufacturing overhead expenses must be deducted when they are incurred. This is so because only manufacturing expenses that are variable are viewed as being a part of the product's cost, whereas manufacturing costs that are fixed are viewed as being distinct from the product and are therefore handled as period costs.

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Option c: Encoding. Encoding is the process of transforming data into the formats required for various information processing needs, such as: Compile and run the program.

Data transmission, storage and compression/decompression, application data processing. File conversion.

Encoding has two meanings:

In computer technology, encoding is the process of applying a specific code, such as letters, symbols, or numbers, to data to convert it into its cipher equivalent.

In electronics, coding refers to analog to digital conversion.

Encoding is also used in to reduce the size of audio and video files. All audio and video file formats have a corresponding coder/decoder (codec) program that is used to encode them into the appropriate format and decode them for playback.

Don't confuse encoding with encryption, which hides the content. Both technologies are widely used in networking, software programming, wireless communications, and storage.

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Complete question:

The process of getting information into memory is called

A) priming.

B) chunking.

C) encoding.

D) registering.

E) storing.

True. Internal control components are built on the foundation of the tone established by top management in its control environment.

The tone set by top management in its control environment serves as the basis for the internal control elements. The total efficacy of an organization's internal controls greatly depends on the tone that senior management sets.

By fostering a culture of ethics and integrity, top management establishes the tone for the whole business. This entails developing precise rules and processes, outlining compliance expectations, and setting a good example. The overarching framework for the development, implementation, and monitoring of internal controls is provided by the control environment. Top management must create an effective control environment that stresses the value of internal controls, moral conduct, and risk management. Effective internal control elements, such as risk assessment, are established as a result.

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Fill The Blank ? World foreign direct investment flows between 1990 and 2017 increased by 600 percent. if a company decides to set up a new operation in a foreign country, what the company has been involved with Foreign Direct Investment.

Foreign Direct Investment (FDI) is an investment made by a company or entity in one country into business interests located in another country. It occurs when a company invests directly in facilities such as factories, real estate, or equipment in another country.

FDI is a major driver of economic growth and development, providing companies with access to new markets, and allowing them to benefit from lower production costs and increased efficiency.

Over the past three decades, FDI flows have increased dramatically, with global FDI flows increasing by 600 percent between 1990 and 2017. FDI can also bring with it new technologies and management practices, which can help to boost productivity and competitiveness.

FDI can also create jobs and spur economic growth in the host country, as companies establish new operations and hire local workers. Additionally, FDI can help to increase exports, as countries can benefit from new markets, access to resources, and improved access to capital.

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Costs associated with field failures, company's goodwill/reputation, maintenance costs, and warranty costs can be classified as post-purchase costs.

Post-purchase costs are costs that are incurred after a product has been purchased by the customer. These costs are typically associated with repairs, replacements, and maintenance of the product. Post-purchase costs can also include costs related to the company's reputation and goodwill, as these can be affected by product failures and defects. Warranty costs are also included in post-purchase costs, as these are costs that the company incurs to honor the warranty on their products.

In summary, post-purchase costs are an important consideration for companies, as they can have a significant impact on the company's bottom line and reputation.

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An increase in nominal GDP means that the total value of goods and services produced by a country.That has increased over a certain period generally a time.

Nominal GDP is calculated by taking the current demand value of all goods and services produced in a country and adding them together. This means that an increase in nominal GDP can be attributed to several factors similar as an increase in consumer spending investment, or government spending.An increase in nominal GDP doesn't inescapably mean that the country's frugality is growing in real terms.

As it doesn't take into account affectation or changes in the cost of living. Thus it's important to consider real GDP which adjusts for affects when assessing profitable growth.

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Is the salesperson usually a firms most direct link with the customer : TRUE.

Sales are acts that include the selling of goods or the quantity of goods sold over a predetermined period of time. A sale also includes rendering a service in exchange for payment.

The seller or provider of the goods or services completes a transaction when a purchase, appropriation, requisition, or direct interaction with the consumer takes place at the point of sale. A price is agreed upon for which the ownership of the item will pass, and title (property or ownership) of the thing is transferred. The seller frequently completes the deal rather than the buyer, and it could be done before the loan is due.

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Investors with short investment horizons. Ann is an investor with a fixed income horizon and low risk tolerance.

There are some pros and cons that money market fund investors should be aware of. This article takes a look at those ups and downs. Investing in the money market can be very profitable, especially if you need a relatively safe place to store your cash for the short term.

The downsides include low yields, declining purchasing power and some money his market investments are not insured by his FDIC.

As with any investment, the advantages and disadvantages described above make money market funds ideal in some situations and potentially harmful in others.

For example, if you're in his 20s or 30s and have most of your retirement savings in money market funds, you're probably doing something wrong. 

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The best function to use for this would be a sorting function. This would allow you to sort the dataset by salary and filter out any representatives elected after 1/1/2020.

Generally, To identify the highest-paid representative who was elected before 1/1/2020 from a dataset containing a list of U.S. representatives, the states they represent, the years they were elected, and their salaries, the best function to use would be a combination of filtering and aggregation functions.

First, you would need to filter the dataset to include only those representatives who were elected before 1/1/2020. This can be done using a filter function that checks the year of election against the date 1/1/2020.

Next, you would need to aggregate the filtered dataset to find the highest-paid representative. This can be done using a max function that returns the maximum salary value in the filtered dataset.

In summary, the best function to use would be a combination of a filter function and a max function to identify the highest-paid representative who was elected before 1/1/2020.

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The management philosophy and strategy focused on creating value for the customer by eliminating waste is called Lean Management, also known as Lean Manufacturing or simply Lean.

  Lean manufacturing is an approach that emphasizes on cutting waste in production processes even while enhancing productivity.

Defining value from the perspective of the end user is a key component of lean management. removing all waste from corporate operations.

Process mapping is a lean method for reducing waste that aids in defining an ideal workflow that can get rid of overprocessing. Process mapping, a crucial technique in lean manufacturing, is not just for carrying out production activities. In additional, reporting, signoff, and document control are also included. Sorting garbage into several categories is one of the first ways that lean manufacturing may assist in the elimination of waste. Traditional classifications of waste include flaws, extra processing, overproduction, waiting, inventory, movement, motion, and unutilized talent.              

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Accounts Receivable is called amounts to be paid in the future for goods or services already acquired.

The term in accounting that is "accounts receivable" describes the unpaid bills or cash that customers owe a business. The term describes accounts that a company is entitled to get since it has provided a good or service.

Receivables, also known as accounts receivable, are a company's line of credit that typically include terms that call for payments to be made within a somewhat short time frame. A few days to a fiscal or calendar year are usually included.

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Answer:

b. marginal benefit.

Explanation:

Option - A : A free-market system cannot operate effectively and fairly without a reliable foundation in contract law .

In a free-market society, contract law offers a framework for the negotiation and enforcement of agreements between people and businesses. It lays forth the terms and conditions of the exchange of goods and services and offers a procedure for resolving any disputes that could develop.

As it offers people and businesses the assurance to engage in transactions, knowing that their agreements will be enforced and that they will be treated fairly, the dependability of contract law is crucial for the effective operation of a free-market economy. The simplest definition of a contract is a commitment that is legally binding. The commitment might be to carry out or abstain from a certain action. A contract must be made with the consent of two or more parties, usually with the consent of just one.

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Option A : marlene routinely volunteers to organize the company holiday party and summer picnic. marlene demonstrates a high level of  organizational citizenship behaviors.

Organizational citizenship behaviours are voluntary acts that enhance an organization's social and psychological climate but are not explicitly required of a person's employment. Organizational citizenship activities include Marlene's selfless efforts in planning the corporate holiday party and summer picnic. These acts can enhance an organization's general productivity and morale and foster a pleasant workplace culture. Organizational citizenship behaviours are distinct from job performance, which is the capacity of a person to successfully carry out the official obligations and responsibilities of their position. Employees' individual, arbitrary behaviours that go outside the scope of their official job descriptions are known as organisational citizenship behaviours (OCBs). Managers that are aware of the benefits and drawbacks of OCBs may support workers in making their best contributions to the business and preventing burnout.

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Buying the goods or the services instead of producing or providing them in-house is called: Outsourcing.

Outsourcing is an arrangement in which a company hires another company to take responsibility for planned or existing activities that would otherwise take place internally.

The term outsourcing comes from the word "outside resourcing", he was born in 1981 at the latest. According to The Economist, “concrete since World War II,” this concept often includes outsourcing of business processes (B. payroll, billing), manufacturing, facilities management , operational and/or non-core functions such as call center/call center support.

Outsourcing can also be defined as the short-term transfer of control of a public service to a private company (privatization), even for a limited period of time.

Outsourcing includes both foreign and domestic contracts and can also include offshoring (moving business functions to a distant country) or nearshoring (moving business processes to a nearby country).

Offshoring and outsourcing are not mutually exclusive. One can exist without the other. They are intertwined (offshore outsourcing) and may be partially or fully reversed, individually or collectively, including methods such as reshoring, inshoring and insourcing.

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A prestige value proposition offers not only higher quality but also confers prestige upon the buyer.

This type of value proposition appeals to customers who are willing to pay a premium price for a product or service that not only performs well but also conveys status, exclusivity, and prestige to the buyer. Prestige value propositions are often associated with luxury brands and premium products in industries such as fashion, beauty, automobiles, and real estate. In this type of value proposition, the customer is not just purchasing a product or service, they are also purchasing a social status symbol.

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The focus of quality management is on making sure that goods, services, and procedures continuously satisfy or surpass the needs and expectations of customers.

Planning, carrying out, and monitoring actions that are intended to deliver high-quality goods or services require a systematic process known as quality management. The objective of quality management is to consistently raise the calibre of goods and services while lowering expenses and boosting productivity.

Typically, quality management includes a number of crucial components, such as:

Quality management is crucial for organisations because it enables them to meet consumer expectations and produce goods and services that do so at a lower cost. Increased client happiness, recurring business, and long-term business success can result from this.

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Answer:

Budweiser

Explanation:

Budweiser has spent nearly $500 million on Super Bowl ads, according to Statista. This makes Budweiser the Super Bowl's largest commercial partner.

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False - a special journal used to record only cash receipt transactions.

This statement is false because a special journal is not used to record only cash receipt transactions.

Special journals are used to record specific types of transactions, such as sales, purchases, cash receipts, and cash disbursements.

For example, a sales journal is used to record all sales transactions, while a cash receipts journal is used to record all cash payments received.

Additionally, a general journal may be used to record transactions that do not fit into any of the other special journals.

Thus, a special journal is not used to record only cash receipt transactions but is instead used to record a variety of different types of transactions.

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The creator of the clothing bears a percentage of the media cost when a local store advertises using the manufacturer's brand.

Cooperative advertising is when multiple brands work together to create a campaign that is profitable for both sides. Frequently, producers, distributors, or wholesalers assist retailers in marketing their goods. This type of marketing benefits both merchants and manufacturers, as it gives them a cost-effective option to run promotions. Cooperative marketing initiatives can range in size from a few ads to a whole marketing campaign. When a foreign company buys a local business with the goal to own and actively managing it, this is referred to as a direct investment in the domestic country. The American clothing manufacturer made this investment, making it a direct one in Taiwan. The transaction would qualify as a foreign portfolio investment if the American company had merely bought stock in a Taiwanese corporation.

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