The statement is True. operations and supply chain management is defined as the design, operation, and improvement of the systems that create and deliver the firm's primary products and services.
Control (or dealing with) is the management of an organization, whether or not it's miles a commercial enterprise, a nonprofit enterprise, or a central authority body. it's miles the art and science of handling resources of the commercial enterprise.
Control consists of the activities of placing the approach of an organization and coordinating the efforts of its employees (or of volunteers) to perform its objectives through the software of to-be-had assets, including financial, natural, technological, and human resources. "Run the enterprise" and "change the commercial enterprise" are two ideas that might be used in management to distinguish between the continued delivery of products or services and adapting of goods or services to fulfill the converting desires of clients - see a fashion. The time period "control" might also confer with those who manage a business enterprise—managers.
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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?
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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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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"a measure of the market value of all final goods and services produced in a given year, adjusted for price changes''is the meaning of?
"A measure of the market value of all final goods and services produced in a given year, adjusted for price changes ''is the meaning of Real GDP.
GDP estimates the monetary worth of final products and services (those purchased by the final user) generated in a country over a certain time period (say a quarter or a year).
It includes all of the output produced within a country's borders. GDP is made up of commodities and services generated for market sale as well as certain nonmarket production, such as government-provided defense or education services.
A different concept, gross national product, or GNP, accounts for all of a country's output. So, if a German-owned corporation has a factory in the United States, the production of that factory is included in both US GDP and German GNP.
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When Breyers sells Oreo Cookies and Cream ice cream, Breyers purchases ground Oreo cookies for inclusion in the ice cream and prominently displays the Oreo name on its packaging. This is an example of ________.A) shaping
B) licensing
C) modeling
D) family branding
E) chunking
When Breyers sells Oreo Cookies and Cream ice cream, Breyers purchases ground Oreo cookies for inclusion in the ice cream and prominently displays the Oreo name on its packaging. This is an example of: Licensing.
Licensing is characterized as a business plan, wherein an organization approves one more organization by giving a permit to briefly get to its protected innovation privileges, for example fabricating process, brand name, copyright, brand name, patent, innovation, proprietary advantage, and so on for sufficient thought and under indicated conditions.
The firm that allows one more firm to utilize its intangible assets is the licensor and the firm to whom the permit is given is the licensee. An expense or eminence is charged by the licensor to the licensee for the utilization of protected innovation freedoms.
For instance: Under licensing system, Coca-Cola and Pepsi are globally created and sold, by nearby bottlers in various nations
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if someone was to conduct a study in the field of microeconomics, which of the following questions might they attempt to answer?
If someone was to conduct a study in the field of microeconomics, of the following questions might they attempt to answer When will a firm decide to expand, downsize, or close?
When should a company eventually leave the market?In the long run, if the price is less than the average total cost and the company can recover both fixed and variable costs, it will decide to quit. Profits are eventually driven to zero in a market with open entrance and exit, and all businesses are operating at their optimal scale.
What aspects would influence when you enter and leave a market?Profit is the main factor that determines whether a company enters and leaves a market. Since free entry and exit are necessary for ideal competition, new businesses will enter if the old ones are earning a profit.
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Which of the following transactions affects both retained earnings and net income?
a. The payment of a cash dividend.
b. The recording of revenue for services provided.
c. The issue of stock in exchange for cash.
d. The borrowing of money from a bank.
b. The recording of revenue for services provided. Retained earnings and net income are both impacted by the recording of revenue for transactions involving services delivered.
Retained earnings are the percentage of a firm's net income that is held by the company for future investment or other uses rather than being distributed as dividends. After all costs have been deducted, a company's net income shows the profit it has made.
The amount of retained earnings grows as a corporation records revenue for services rendered, which likewise raises net income. The transaction results in a rise in net income and retained profits. Retained profits and net income are unaffected by the distribution of cash dividends, the issuance of shares in return for cash, or the borrowing of funds from a bank.
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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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Which of the following would generally be considered the most risky for an annual holding period (with respect to volatility of annual returns)?
a. an investment in a portfolio of common stocks
b. an investment in a single common stock randomly selected
c. an investment in a single corporate bond randomly selected
d. an investment in a portfolio of corporate bonds
e. do not know
Generally, an investment in a single common stock randomly selected is considered the most risky among the options given, with respect to the volatility of annual returns.
Investing in a single common stock exposes the investor to the performance and financial health of that specific company, whereas a portfolio of stocks spreads the risk among multiple companies and industries, reducing the overall volatility of the portfolio. On the other hand, investment in corporate bonds generally tend to be less volatile compared to stocks, as bonds are considered relatively safer investments, as they are essentially loans to the issuing company. An investment in a portfolio of corporate bonds can further reduce the volatility. In conclusion, it is important to keep in mind that the volatility of returns is just one aspect of risk, and that all investment options come with their own unique set of risks and benefits. It is advisable to seek professional advice and carefully consider an individual's financial goals, risk tolerance, and investment horizon before making any investment decisions.
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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.
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.
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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if you want to find detailed internal company information about employees during your exploration, you hope that the company has .
If you prefer to discover specific internal employer statistics about personnel for the duration of your exploration, you hope the agency has a facts warehouse.
What is statistics warehouse with example?Data Warehousing integrates records and statistics gathered from a number of sources into one comprehensive database. For example, a facts warehouse would possibly combine consumer facts from an organization's point-of-sale systems, its mailing lists, website, and remark cards.
A records warehouse is a central repository of statistics that can be analyzed to make extra knowledgeable decisions. Data flows into a data warehouse from transactional systems, relational databases, and other sources, generally on a normal cadence.
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https://brainly.com/question/25885448#SPJ4in additon to the measures descirbed in the excerpt, what other controvel measure characterized this strike
In order to control inflation, there are several measures that governments and central banks can implement, such as controlling the money supply, adjusting interest rates, or implementing price controls.
In order to control inflation, there are several measures that governments and central banks can implement, such as controlling the money supply, adjusting interest rates, or implementing price controls. Additionally, there may be other measures specific to the strike or the economic situation, such as wage controls, fiscal policy adjustments, or international trade agreements. These measures are put in place to stabilize the economy and control the rate of inflation, thereby improving the overall well-being of society.
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Do you think brain drain is a form of modern slavery?
holding judgment, paying attention, summarizing, sharing, reflecting, clarifying, roll over each phrase to see a behavior related to active listening. then drag the item to the most relevant step:
Active listening is a critical skill that involves being fully present and engaged with the speaker.
Holding judgment: This involves refraining from forming opinions or making assumptions about what the speaker is saying, and instead, keeping an open mind.
Paying attention: This involves focusing on the speaker, avoiding distractions, and giving them your full attention.
Summarizing: This involves paraphrasing or summarizing what the speaker has said to show that you have understood their message.
Sharing: This involves expressing your own thoughts, opinions, or feelings in response to the speaker's message.
Reflecting: This involves thinking about the speaker's message and its meaning, and considering how it might relate to your own experiences or perspectives.
Clarifying: This involves asking the speaker questions to ensure that you have understood their message accurately and to seek additional information.
Most relevant step:
Holding judgment: Before engaging in active listening, it is important to set aside any biases or judgments that might prevent you from fully understanding the speaker's message.
Paying attention: This is the first step in active listening, as it is important to be fully present and focused on the speaker in order to understand their message.
Summarizing: After paying attention, it is important to summarize the speaker's message to show that you have understood it and to ensure that there is no miscommunication.
Sharing: After understanding the speaker's message, it can be helpful to share your own thoughts, opinions, or feelings in response.
Reflecting: After sharing, it is important to reflect on the speaker's message and consider its meaning, in order to gain a deeper understanding.
Clarifying: Finally, it is important to clarify any misunderstandings by asking questions or seeking additional information, in order to ensure that the communication has been effective.
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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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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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Which of the following is an asset exchange transaction?
Multiple Choice
a. Issued common stock
b. Paid a cash dividend to stockholders
c. Collected cash from customers in settlement of accounts receivable
d. Accrued salary expense
Three distinct types of asset source transactions that grow an asset and a claim on an asset are purchases from owners, borrowing from creditors (liabilities), and earnings from activities. (A) Common stock that has been issued might be seen in an asset exchange transaction.
What is an asset source transaction?Acquisitions from owners (equity), borrowing from creditors (liabilities), and earnings from operations are three different forms of asset source transactions that increase an asset and a claim on assets (revenues).
In most cases, a business's assets are the result of the initial investment made by its owner or owners.
Depending on the type of commerce, this could take the form of money, real estate, machinery, supplies, unfinished goods, inventory, vehicles, loans, buildings, pre-paid expenses, revenue from the firm, and notes.
A transaction exchanging assets is an example of issued common stock.
Asset use transactions include the use of assets, such as cash, to settle debts or fund additional expenses deemed necessary by the company.
Therefore, three distinct types of asset source transactions that grow an asset and a claim on an asset are purchases from owners, borrowing from creditors (liabilities), and earnings from activities. (A) Common stock that has been issued might be seen in an asset exchange transaction.
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Complete question:
Which of the following is an asset source transaction?
Multiple Choice
a. Issued common stock
b. Paid a cash dividend to stockholders
c. Collected cash from customers in settlement of accounts receivable
d. Accrued salary expense
Compared to a purely competitive industry, a monopolist will
Select one:
a.
have higher quantity and lower price.
b.
have higher quantity and higher price.
c.
have lower quantity and lower price.
d.
have lower quantity and higher price.
Compared to a purely competitive industry, a monopolist will have a lower quantity and higher price. Thus the correct option is D.
What is Monopolist?A monopoly is a market structure in which there is just one sizable company that controls the whole sector. The right to manage the product supply and market pricing belong to this one company.
While there are multiple buyers and sellers in a market that is entirely competitive, a monopoly is characterized by a single seller and many buyers, which results in a higher price being set.
Therefore, option D is appropriate.
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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
Which of the following options will cause a decrease in the margin of error for a confidence interval? () Increase the confidence () Decrease the sample size () Decrease the confidence level () Decrease the sample size and increase the confidence
Decrease in confidence level will cause a decrease in the margin of error for a confidence interval .
What does the term "confidence interval" mean?
The uncertainty surrounding an estimate is described by a confidence interval, which is a range of numbers.
A claim of 95% confidence in statistics essentially means that the researcher has observed one conceivable interval out of many possible ones, and that 19 out of 20 of those intervals contain the correct value of the parameter.
What reduces the margin of error?
The margin of error shrinks as sample size grows. The margin of error expands along with population heterogeneity. The margin of error expands along with the confidence level.
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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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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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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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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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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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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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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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