Advanced project and team management skills are not a component of six sigma yellow belt training. The correct option is A.
What are the roles of the Six Sigma Yellow Belt?These are the project-specific, full- or part-time resources who provide process and cross-functional knowledge while also assisting in the maintenance of gains. They share project ownership with the Six Sigma Experts and are accountable for the work and results' quality.
Yellow Belts are in charge of working on projects that test solutions used to eliminate defects from processes. When their tests are successful, the project is frequently passed on to a higher certification, where it is escalated, verified, and confirmed.
Thus, the ideal selection is option A.
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edgar opened a deposit account. in the first month, he made an initial deposit of $3200. he plans to contribute $175 a month after his initial deposit. the account does not pay any interest. after how many months will he have a total of $6000?
Following 16 months he has a complete of $6000.We have given that the underlying store is $3200
He intends to contribute $175 consistently.
Let no of the month he store $175=x
So as indicated by the question
= 3200 + 175x = 6000
To compose condition from Given information
Presently to address the condition
= 3200 + 175x = 6000
= 175x = 6000 - 3200
= 175x = 2800
= x = 2800/175
= x = 16
So 16 months he store 175 to have a complete of 16000.
A deposit is cash you put into your financial balance. You ought to store cash in a bank to make reserve funds and procure revenue from it. An interesting store is made for reserves you can pull out whenever.
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the price elasticity of demand for fresh cilantro has been estimated to be 2.22. if a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh cilantro crop, how will that affect total revenue from fresh cilantro, all other things equal?
If the price elasticity of demand for fresh cilantro has been estimated to be 2.22 and if a new insecticide and fertilizer treatment yields a 20% increase, the total revenue will increase.
The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. When a price increases by while all other factors remain constant, the price elasticity provides the percent change in quantity required. If the elasticity is negative, a increase in price results in a decrease in amount demanded. Other elasticities quantify how changes in other factors affect the quantity needed. Changes occur in the demand for consumer income's income elasticity. A somewhat elastic demand means that the quantity of a service or product needed will alter depending on the price of that product or service. When there are numerous alternatives, a good or service is often considered to have substantial price elasticity.
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what happens to the future value of a perpetuity if interest rates increase? what if the interest rate decrease?
The total of all future cash flows in a perpetuity is the future value of that perpetuity. A perpetuity's future worth will drop if interest rates rise.
This is because a larger discount rate will make each future cash flow's present value less valuable. On the other hand, a perpetuity's future value will rise if interest rates fall. This is so that each future cash flow will have a higher current value due to a lower discount rate. The future value of a perpetuity is susceptible to fluctuations in interest rates, therefore it's critical to keep this in mind while assessing investments in perpetuities.
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US-Mobile manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales). Fixed costs are $700,000, and the weighted-average contribution margin per unit is $100. How many units of each product are sold at the break-even point
US-Mobile with fixed costs as $700,000, and the weighted-average contribution margin per unit is $100 , would need to sell 4,200 tablet computers and 2,800 smartphones at the breakeven point.
To calculate the break-even point in unit sales, we need to first determine the total contribution margin per unit, which is the selling price per unit minus the variable costs per unit.
If the weighted-average contribution margin per unit is $100, then we can assume that the weighted-average selling price per unit is $100 + the weighted-average variable costs per unit. Next, we can use the following formula to calculate the break-even point in unit sales:
Break-even point in unit sales = Fixed costs / Contribution margin per unit
Plugging in the given values:
Break-even point in unit sales = $700,000 / $100 = 7,000 units
Since tablet computers make up 60% of sales and smartphones make up 40% of sales, we can calculate the number of each product sold at the break-even point as follows:
Tablet computers: 7,000 units * 60% = 4,200 units
Smartphones: 7,000 units * 40% = 2,800 units
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if the intersection of the short-run aggregate supply and the aggregate demand curves also intersects the long-run aggregate supply curve, then the economy is:
If the intersection of the short-run aggregate supply (SRAS) and aggregate demand (AD) curves intersects the long-run aggregate supply (LRAS) curve, then the economy is in long-run equilibrium.
This means that the economy has reached a state where both the demand for goods and services and the supply of goods and services are in balance, and there are no upward or downward pressures on prices.
In long-run equilibrium, both the SRAS and LRAS curves are vertical and coincident, meaning that the economy has reached its full potential output. The LRAS curve represents the potential output of an economy in the long run, when all factors of production, including capital and labor, have fully adjusted to changes in market conditions.
In this state of long-run equilibrium, the economy is producing at its full potential, and there is no excess demand or excess supply. The level of output and prices are stable, and any short-term fluctuations in the economy will be corrected by market forces.
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studies have shown that people who are praised for working hard: a. are less successful as entrepreneurs than those who are praised for being highly skilled b. build more confidence to take on challenging work in the future c. are better suited to be an intrapreneur than an entrepreneur d. all of the above
Praising people for their hard work can help them to become more successful entrepreneurs and intrapreneurs.
Praising people for working hard can have many positive effects on their future success. Studies have shown that when people are praised for their hard work, it helps to build their confidence and makes them more willing to take on challenging tasks in the future. This confidence can help them to become more successful as entrepreneurs, as they will be more likely to take risks and have the courage to try new things. Additionally, those who are praised for their hard work may be better suited to being an intrapreneur, as they already have the confidence and work ethic that is necessary for success. In conclusion, praising people for their hard work can help them to become more successful entrepreneurs and intrapreneurs.
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lily invested $10,000 five years ago with an insurance company that has paid her 4 percent (apr), compounded semi-annually (twice per year). how much interest did lily earn over the 5 years?
To calculate the interest earned by Lily over the 5 years, we can use the formula for compound interest: A = P * (1 + r/n)^(nt).
let me explain the formula in more detail:
[tex]A = P * (1 + r/n)^(nt)[/tex]
A represents the final amount (principal + interest) after t years.
P is the initial principal, which in this case is $10,000.
r is the annual interest rate, which is 4% or 0.04 in decimal form.
n is the number of times the interest is compounded per year, which is 2 times per year in this case.
t is the number of years, which is 5 years in this case.
Plugging in the values:
[tex]A = $10,000 * (1 + 0.04/2)^(2 * 5)\\A = $10,000 * (1.02)^10\\A = $10,000 * 1.0714456756\\A = $10,714.456756[/tex]
So the total amount Lily has after 5 years is $10,714.456756, which means she has earned $714.456756 in interest over the 5 years.
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the heckscher-ohlin theorem predicts group of answer choices which goods will be exported. which factors are abundant. who benefits and who loses from trade. the income distribution effects of trade.
Option (a), Exports of goods are anticipated by the Heckscher-Ohlin theorem.
What export prediction is made by the Heckscher-Ohlin theory?The Heckscher-Ohlin theorem forecasts the international commerce pattern based on the unique characteristics of each nation. It asserts that, as opposed to a country with an abundance of labor exporting goods with a high level of labor, a country with an abundance of capital exporting goods with a high level of capital (Suranovic, 2010).
How does the Heckscher-Ohlin theory feel about the advantages of trade?The Heckscher-Ohlin theory holds that commerce allows each nation to specialize. Each nation trades goods that are better suited for domestic production for the commodities it is best suited to produce abroad.
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5c. what major advantage does a foreign joint ve... what major advantage does a foreign joint venture have?
A foreign joint venture can provide a unique opportunity for a foreign company to enter a new market and gain a competitive advantage while minimizing the risks and costs associated with going it alone.
A foreign joint venture has several major advantages, including:Access to local market knowledge and resources: By partnering with a local company, a foreign joint venture can tap into the local partner's expertise and resources, such as market knowledge, customer connections, distribution networks, and government relationships.
Reduced risk and investment: A joint venture enables the partners to share the risks and costs of entering a new market, making it less expensive and less risky for both parties.
Enhanced competitiveness: A joint venture can bring together the strengths of both partners, such as technology, management expertise, and marketing capabilities, to create a more competitive offering in the local market.
Compliance with local regulations: Partnering with a local company can help the foreign joint venture comply with local laws, regulations, and cultural norms, making it easier to succeed in the market.
Improved relationships with local stakeholders: By partnering with a local company, a foreign joint venture can improve its relationships with local stakeholders, such as suppliers, customers, and government agencies, and increase its reputation in the market.
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which report contains the number of users accessing yammer from a mobile phone? yammer activity reports. yammer group activity reports. yammer device usage reports.
Yammer Device Usage Report contains the number of users accessing yammer from a mobile phone.
Yammer is a social networking platform that allows users to communicate and collaborate within their organization. It offers a range of features, such as messaging, file sharing, and group creation, which can help facilitate communication and productivity.
Yammer also provides various reports and analytics to help organizations monitor and analyze user activity on the platform. One such report is the Yammer Device Usage Report, which provides insights into the types of devices used to access Yammer.
The Yammer Device Usage Report tracks the number of users accessing Yammer from different types of devices, such as mobile phones, desktops, and tablets. This report can be helpful for organizations that want to ensure their employees have access to Yammer from a variety of devices, and to optimize the platform for mobile use.
By understanding how users are accessing Yammer, organizations can improve the user experience and identify areas for improvement. For example, if a large percentage of users are accessing Yammer from their mobile devices, organizations may want to ensure that the platform is optimized for mobile use and that it is easily accessible on different types of mobile devices.
In summary, the Yammer Device Usage Report is a valuable tool for organizations using the Yammer platform, as it provides insights into how users are accessing the platform and can help identify areas for improvement.
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a price-weighted index consists of firm a and firm b common stocks. the price of firm a common stocks increased from $100 to $120. the price of firm b common stocks decreased from $100 to $80. what is the return on this price-weighted index?
With the price of firm a common stocks increased from $100 to $120 and the price of firm b common stocks decreased from $100 to $80 , the return of price-weighted index is 0%.
A price-weighted index is calculated by adding up the prices of each stock in the index and dividing by the number of stocks. The return on the price-weighted index is determined by comparing the current index value to the previous index value.
Let's say the price-weighted index consists of two stocks, firm A and firm B. Initially, the prices of firm A and firm B are $100 and $100, respectively, and the index value is ($100 + $100) ÷ 2 = $100.
After the changes, the price of firm A increases to $120 and the price of firm B decreases to $80. The current index value would be ($120 + $80) ÷ 2 = $100.
To determine the return on the price-weighted index, we can calculate the percentage change in the index value:
(($100 - $100) ÷ $100) x 100 = 0%
In this case, the return on the price-weighted index is 0%, indicating that the index value has not changed. This is because the price increase of firm A was offset by the price decrease of firm B.
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when prices are rising, the method of inventory valuation that results in the highest relative net cash inflow (including the effects of taxes) is:
Method of Inventory valuation is the process of determining the value of the stock of goods that a company holds for sale. The following are the techniques for inventory valuation that are most frequently employed:
First-In, First-Out (FIFO): This approach makes the assumption that the first items bought are also the first goods sold. Unsold inventory is given a cost based on the most recent purchases.
Last-In, First-Out (LIFO): According to the LIFO approach, the last item bought will be the first item sold. The unsold inventory is given the cost of the earliest acquisitions.
Weighted Average Cost: This method calculates the average cost of all the goods in the inventory and assigns this cost to each unit of inventory.
Specific Identification Method: Under this method, the cost of each individual item of inventory is tracked and assigned to that specific item when it is sold.
Standard Cost Method: This method uses predetermined costs for the products in the inventory, which are adjusted for any variances from the actual cost incurred.
Each of these methods has its advantages and disadvantages, and the choice of method will depend on the nature of the business, the type of goods being held in inventory, and the accounting policies of the company. It is important to use a consistent method of inventory valuation from period to period to ensure accurate financial reporting.
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the common agricultural policy (cap) of the eu subsidizes european farmers for producing certain goods. this is an example of and runs counter to free trade policies.
European farmers are given subsidies through the EU's Common Agricultural Policy (CAP) to produce specific goods. In opposition to free trade policy, this is a case of protectionism.
Target Corporation was taking a proactive approach to the global retail environment in 2013 whenever it tried to enter the Canadian market in such an effort to position itself as a worldwide company.
General Electric (GE) is a business that comprehends globalization since every year it reinvents itself through reorganising in response to shifts in international diplomacy, socioculture, and technology.
Today, many businesses manufacture and market their products or services using both made up entirely and contract workers.
The term "globalization" describes the blending and interconnection of both the financial, technical, social, and democratic institutions across several geographical areas.
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virgil corporation has a selling price of $39 per unit, and variable costs of $30 per unit. when 14,000 units are sold, profits equaled $27,000. how many units must be sold to break even?
In order to calculate the number of units that must be sold to break even, we must use the formula Break Even Point = Fixed Costs / (Selling Price - Variable Costs).
In the case of Virgil Corporation, the fixed costs are $27,000 and the selling price is $39 per unit with the variable costs of $30 per unit. We can then plug these values into the equation and solve for the break even point. 27,000 / ($39 - $30) = 6,750 units. This means that Virgil Corporation must sell 6,750 units in order to break even.
To break even, a company must sell its products in a quantity such that its total sales revenue is equal to its total costs. This is known as the break even point. In order to calculate the break even point, we must use a combination of the selling price, variable costs, and fixed costs associated with the product. Here, we can determine the break even point for Virgil Corporation by solving the equation Break Even Point = Fixed Costs / (Selling Price - Variable Costs). By plugging in the given values, we can determine that Virgil Corporation must sell 6,750 units in order to break even.
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what kind of corporation can be taxed in the same way as a partnership?
PLEASE ANSWER FAST 40 POINTS!!!!!
In 2015, the US government brought in $3.2 trillion in revenue. This revenue comes from US taxpayers like you and me. However, the same chart illustrates that the government spent $3.7 trillion, resulting in a nearly $500 billion deficit.
Some experts argue that the best solution to reduce budget deficits is to raise taxes, especially on wealthy individuals. This will result in the US government receiving more revenue. Others argue the answer is to cut spending, especially on wasteful expenditures and unsuccessful government programs.
Before you jump to conclusions, think about some of the issues our country has experienced in the past and the issues we are currently experiencing. Choose a side and defend your argument with at least three specific supporting ideas.
Both expert are right, but, we need to find a balance to manage the budget deficit that the economy is experiencing.
What is the most effective monetary policy to manage budget deficit?Both tax increases and spending cuts can help to address the deficit, and the appropriate solution depends on the specific circumstances and priorities of a given country.
Raising taxes on the wealthy may be necessary to increase revenue and address the deficit, especially if the government is facing significant obligations such as paying for social programs or infrastructure. Cutting spending may be a more effective solution, particularly if the government is spending inefficiently or on programs that are not delivering results.
However, the best approach to reducing budget deficits may involve a combination of both tax increases and spending cuts, along with other measures such as economic growth initiatives and reforms to entitlement programs.
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a sporting goods store decides to lower prices on high-end sports equipment. how could this change affect market equilibrium?(1 point)
Based on economic concepts, decrease in price of high-end sports equipment could have effects on market equilibrium.
Effect of decrease in price in market equilibrium?A decrease in price of high-end sports equipment could have the following effects on the market equilibrium are Increase in quantity demanded: If the price of high-end sports equipment decreases, consumers may feel that the equipment is now more affordable and therefore may demand more of it, Shift in the demand curve: The decrease in price would cause the demand curve to shift to the right, reflecting an increase in the quantity demanded at each price level and New market equilibrium: The new market equilibrium would occur at a higher quantity of high-end sports equipment sold and a lower price. The store's decision to lower prices may result in a higher total revenue due to the increase in quantity demanded.
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just purchased a bond that is unsecured and is secondary to other unsecured bonds with respect to interest payments or repayment at maturity. what type of bond has shiva purchased?
just purchased an bond that really is secondary to certain other unsecured bonds in terms of interest payments or maturity payback. Shiva has acquired a bond of the subordinated debenture kind.
Bonds that can be exchanged or paid off by the holder before the bonds' maturity date are called callable or redeemable bonds. A bond may be considered as a debenture if it is unsecure. Debentures were unsecured bonds, therefore their only security is the company's assurance that interest expenses will be fulfilled on schedule or at all. "Full trust and credit" is another name for this assurance. The unprotected bond is simpler to sell since it is more liquid. The bond with an unsecured rating has a greater yield to maturity.
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according to the human capital architecture, individuals with unique skills that are not directly related to the company's core business strategy are known as .
Individuals with special talents that are unrelated to the company's primary business plan are referred to as Complementary/Alliance Partners in accordance with the human capital architecture.
A resource and capability must be valuable, uncommon, unique (there are no replacements), and owned by the organisation despite being expensive to copy in terms of either time or money and both order to provide a sustained competitive advantage. Some people go into great depth. However, two fundamental categories of HR strategy can be distinguished, namely: 2) Specific methods relating to the various facets of human resource management, such as learning & development and reward. 1) General strategies, such as high-performance working. An organisation owns its human capital, which is one of its fundamental competencies.
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what is one of the three factors a company n... what is one of the three factors a company needs to consider when creating a market information system? multiple choice demographics information needs diversity technology needs flexibility
Information needs is one of the three factors a company needs to consider when creating a market information system.
The other two factors are data sources and technology. Information needs are the specific pieces of information that a company needs to collect in order to make informed decisions.
This includes data on customer behavior, market trends, competitive analysis, and more. Companies must then determine which data sources can provide the information needed and what technology can be used to collect, store, and analyze the data.
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as a project manager, you determine the cost for items such as software, tools, labor, and equipment. what budgeting term refers to these types of costs?
Cost budgeting is the technique of making a monetary plan and price range the use of price estimations. A price range is a monetary equipment that specialists can use to control their funds.
Cost budgeting is a form of price range that includes totaling all predicted fees for a fixed period. Project managers frequently use price budgeting whilst making plans new projects. Business executives and monetary specialists can use price budgeting whilst developing budgets for the region or year. These specialists can use a price price range to reading their mission overall performance and spending behaviors.
To create a price price range, specialists use records from price estimates. A price estimate predicts the full fees of every level at some point of a mission. A price price range consists of estimates for the subsequent kinds of fees.
Direct fees: Direct fees are costs that relate to bodily items and offerings used at some point of manufacturing. For example, in a production company, this may consist of materials, manufacturing hard work and transportation fuel.
Indirect fees: Indirect fees are the costs related to widespread commercial enterprise operations. This consists of rent, supervisors' salaries and verbal exchange offerings, which includes net and speak to fees.
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how can the problem statement be improved ? a. by making it time bound b. by addressing decision makers c. by addressing constraints and boundaries d. by making it more specific and measurable
The problem statement identifies the management issue that must be handled by a choice, while the essential objectives indicate the ideal outcomes of a wise choice and the options the possible courses of action.
The issue that has to be resolved is succinctly described in the problem statement. In process improvement, identifying the issue is a crucial first step in problem solutions. According to the proverb, "a well-defined issue is a problem half-solved." Employers value problem-solving abilities because they demonstrate a variety of other qualities, including logical thinking, creativity, resilience, inventiveness, lateral thinking, and drive. Both in your professional and personal life, it is an essential talent.
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at any given interest rate, if consumers decide to save more, and the government budget remains unchanged, there will be an increase in the supply of loanable funds. this will cause the interest rate to
At any given interest rate, if consumers decide to save more, and the government budget remains unchanged, there will be an increase in the supply of loanable funds. this will cause the interest rate to fall.
When the government's budget is in deficit, there is a greater requirement for loanable cash. Along with the need for loanable capital and the real interest rate, private money is becoming more readily available.
The budget reflects all of their choices about taxes, spending, borrowing, and lending. These choices have an effect on the size of the federal government and how it interacts with the rest of the economy. Budgets enable organizations such as businesses, governments, families, and other groups to quantify their overall strategic plans of action.
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The complete question is-
at any given interest rate, if consumers decide to save more, and the government budget remains unchanged, there will be an increase in the supply of loanable funds. this will cause the interest rate to _______
suppose that brazil can produce 100 pounds of beef or 10 autos and the united states can produce 40 pounds of beef or 30 autos. which country has a comparative advantage at the production of autos?
The United States has a comparative advantage in the production of autos.
To calculate comparative advantage, we can compare the opportunity cost of producing one unit of a good in each country. The opportunity cost is the amount of another good that must be given up in order to produce one more unit of the first good.
For Brazil:
Opportunity cost of producing 1 auto = 100 pounds of beef / 10 autos = 10 pounds of beef per auto
Opportunity cost of producing 1 pound of beef = 10 autos / 100 pounds of beef = 0.1 auto per pound of beef
For the United States:
Opportunity cost of producing 1 auto = 40 pounds of beef / 30 autos = 1.33 pounds of beef per auto
Opportunity cost of producing 1 pound of beef = 30 autos / 40 pounds of beef = 0.75 auto per pound of beef
Comparing the two opportunity costs, we see that the opportunity cost of producing an auto in the United States is lower (1.33 pounds of beef per auto) than in Brazil (10 pounds of beef per auto). This means that the United States has a comparative advantage in producing autos.
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what are examples of demographic forces that can affect an industry? (choose every correct answer.) multiple select question. an increase in interest rates a rise in church attendance a decline in population size a decrease in global sales a decrease in marriage rates
There are examples of demographic forces that can affect an industry are:
A rise in church attendance.A decrease in marriage rates.A decline in population size. Thus, option (b), (c) and (d) is correct. What is industry?The term industry refers to the factory are the manufacturing of the product. The production of the goods making. The process of the raw material are the converted into the finished goods. The labour are the performing the work.
According to the demographic forces that can affect an industry are the main reason is decrease in marriage rates, rise in church attendance, and the decline of the population size.
As a result, the significance of the industry are the aforementioned.
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during the pi planning event, when are planning adjustments agreed upon?
Management may discuss scope alterations and find alternative solutions by agreeing to different planning adjustments during the problem-solving meeting.
Where are the agreed-upon team Pi goals?when, at the end of the Bi Planning session, the entrepreneur, marketing manager, network engineer, and agile team agree on the primary Squad PI objective(s). In addition to team-based alignment, PI goals are a cadence-based method of distributing specific commitments throughout the corporation during the PI.
What happens during a PI planning breakout session?Following the previous PI, face-to-face gatherings called Pmbok organizing workshops are place every eight to ten weeks. Several teams work together to develop and define the operation that needs fixing, review backlogs, discuss which features will add value, build or modify the strategic plan, and minimize change and dependencies.
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i need help with this 12 mark question I've been trying to attempt this for an hour and pls it would be nice if you can give me the answer in a 12 mark format with context from the text
The importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.
What do you mean by market research?The systematic collection, recording, and analysis of qualitative and quantitative data about problems related to the marketing of goods and services is known as marketing research.
Primary research aims to address questions that are unique to your business, giving you valuable insight into the crucial issues that have an impact on it. Additionally, the data you gather is yours.
A product's marketing is facilitated by its dependability. In a market that is extremely competitive, the marketer will be better able to sell it with confidence and success.
Therefore, the importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.
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uppose that there is an annual percent change of 6% in the account's value. the value of the account at any moment is how many times as large as the account's value 1 year earlier? 87 times as large
The value of the account at any moment is 1.06 times as large as the account's value 1 year earlier. The value of the account at any moment is 106% of the account's value 1 year earlier.
a. The value of the account at any moment is 1.06 times as large as the account's value 1 year earlier.
This is because a 6% increase in value would mean that the new value is 106% of the original value, or 1.06 times as large.
b. The value of the account at any moment is 106% of the account's value 1 year earlier.
This means that the new value is 106% of the original value or 106% of the account's value 1 year earlier.
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most marketing executives have a utilitarian response to ethical problems. in those situations, a utilitarian model is illustrated by
While approaching an ethical issue in marketing, the utilitarian tradition would consider: the benefits and costs of each exchange. i.e. Option B
Utilitarianism is a hypothesis of profound quality that supporters activities that encourage satisfaction or joy and go against activities that cause misery or damage. When coordinated toward making social, financial, or political choices, a utilitarian way of thinking would go for the gold of society all in all.
Utilitarianism would agree that that an activity is correct in the event that it brings about the bliss of the best number of individuals in a general public or a gathering. Utilitarianism is a practice of moral way of thinking that is related with Jeremy Bentham (1747-1832) and John Stuart Plant (1806-1873), two late eighteenth and nineteenth century English savants, financial experts, and political masterminds. Utilitarianism holds that an activity is correct assuming it will in general advance bliss and wrong on the off chance that it will in general create trouble, or the converse of joy — in addition to the joy of the entertainer yet that of everybody impacted by it.
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Correct Question -
While approaching an ethical issue in marketing, the utilitarian tradition would consider:
A. the degree to which individuals freely participate in an exchange.
B. the benefits and costs of each exchange.
C. other values that are affected by the exchange.
D. personal characters of the parties that are involved in the exchange.
market sales had $1,200,000 in sales last month. the variable cost ratio was 60% and operating profits were $80,000. what is market's break-even sales volume?
The answer is 800,000$, it is the market's break-even sales volume if the variable cost ratio was 60% and operating profits were $80,000.
What does "market" mean in economics?A market is defined as the total number of purchasers and sellers in the region or area under examination. The region can represent the entire planet, as well as certain states, provinces, or cities. Items traded are valued, costed, and priced in accordance with market forces of supply and demand.
In one words, define a market.Market refers to an arrangement where two or more parties trade commodities, services, and information. A market is ideally a location where two or more parties engage in buying and selling.
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