Design performance measures to value agility is not a step that is critical to creating an agility capability. Therefore, option D is correct.
Designing performance measures refers to the process of developing metrics and indicators that assess the effectiveness and efficiency of an organization's operations and strategies.
These measures are designed to capture and evaluate key performance areas and provide insights into the organization's ability to achieve its goals and objectives.
In the context of agility, performance measures that value agility focus on assessing the organization's responsiveness, adaptability, and ability to quickly and effectively navigate changing market conditions.
These measures may include indicators related to speed of response, flexibility, innovation, customer satisfaction, and market share.
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A form requesting the purchase of merchandise is called
A form requesting the purchase of merchandise is called Requisition.
Requisition means a proper request or call for, which is probably (amongst many other things) a doctor's request for an MRI for a patient or a demand from shareholders to a board of administrators, requiring them to vote on any resolutions which can be proposed.
The purchase requisition system is initiated when a corporation desires to make a purchase. The purchaser will put up a buy request for a selected precise carrier and as soon as the purchase request is accepted, a buy order is sent to the chosen supplier (vendor) to be fulfilled. A buy requisition form is an inner report used by an employee to buy goods or services on behalf of their company. these purchases can be for commercial enterprise operations (together with office materials), stock, or manufacturing inputs.
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Sophie speaks very quickly and the way she communicates with Alonso confuses him. She also comes across as very aggressive. It seems she lacks ______ skills which are part of ______ skills.
Multiple Choice
soft; human
technical; soft
conceptual; technical
conceptual; soft
soft; technical
She also comes across as very aggressive. It seems she lacks soft skills which are part of technical skills.
What are soft skills?Non-technical skills related to your work style are known as soft skills. They include of your interactions with coworkers, problem-solving techniques, and time management techniques. Non-technical talents, or soft skills, have an impact on your success at work.
Workstyle is related to soft skills. Interpersonal skills, communication skills, listening skills, time management, problem-solving abilities, leadership, and empathy are just a few examples of soft skills.
Due to the importance of soft skills for almost every job, they are among the top abilities hiring managers look for in job seekers.
Soft skills are often sought after by hiring managers since they help employees succeed in the workplace. The personal qualities, personality traits, and communication skills required for success in the workplace are referred to as soft skills.
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FILL IN THE BLANK> a company's blank______ create(s) value by satisfying customer needs.
A company's blank products, services, or ideas create(s) value by satisfying customer needs For customers to find value in a product or service, its perceived benefits need to outweigh its cost.
Creating value means maximizing benefits within an acceptable price point. Benefits and cost are the two key components of customer value. Customer value refers to the perceived benefits, both monetary and nonmonetary, that customers receive from a product. Customer satisfaction is defined as a measurement that determines how happy customers are with a company's products, services, and capabilities. Customer satisfaction information, including surveys and ratings, can help a company determine how to best improve or changes its products and services.
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areajanet and denise have both been given $15,000 by their grandparents today on their 21st birthdays. they want to save for their future and have aspirations of one day being millionaires. each woman plans to make annual contributions on her birthday, beginning next year. janet and denise have each opened investment accounts at the 1st national bank and 2nd national bank, respectively, and they expect to earn nominal returns of 6% and 7%, respectively. janet has already decided to deposit $7,500 each year into her investment account, while denise is unsure of the amount she will deposit annually. how many years will it take janet before she reaches her investment goal of $1 million?
It will take Janet 35.76 years to reach her investment goal of $1 million.
What is an Investment?
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realised through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses as a result of shifting exchange rates.
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question a landowner leased a store to a grocer for a term of five years at $10,000 per year, payable in monthly installments. the lease permitted assignments and subleases. after occupying the premises for two years and paying the rent, the grocer transferred the remaining three years of the term to a florist. the agreement between the parties did not have a specific provision regarding payment of rent, instead just referring to the original lease provisions. the florist occupied the premises for two years but paid rent only for the first year. with one year left on the original lease, the florist transferred her leasehold interest to a barber. the barber occupied the premises for one year but did not pay any rent. the landowner brought an appropriate action against the grocer, the florist, and the barber to recover the rent. against whom may the landowner recover?
The grocery store and florist each received $10,000, as well as the grocery store and barber each received $10,000.
What distinguishes a landowner from a landlord?An owner is someone who has complete legal and physical possession of an item, piece of property, piece of land, or piece of intellectual property, as opposed to a landlord.
Can leased property be sold?As long as you have a long lease, selling a leasehold home is actually quite similar to selling a freehold property. Ideally, you should extend the lease before selling if it is about to reach 80 years because it could lower the value of your house.
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delta sigma theta letter of recommendation example
An example of a Delta Sigma Theta letter of recommendation is one written in support of an individual who is applying for membership in the organization.
The letter should express why the individual is an ideal candidate for membership in Delta Sigma Theta recommendation.
The letter should include details on the individual's leadership qualities, community service, academic achievements, and any other qualities that make the individual stand out. It should also be written in a way that conveys the writer's enthusiasm and support for the individual.
Ultimately, the letter should be a testament to the individual's potential as a future member of Delta Sigma Theta.
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covid-19 and the resulting shutdowns and mask mandates had dramatic impacts on most businesses, resulting in contractions of many but expansion for others. the pandemic and related restrictions would be considered? a.a maket effect b.social responsibint. c/tene volve of money. d.an emvironthemail torce
The correct answer to this question here is option d. An environmental force.
Covid-19 and the resulting shutdowns and mask mandates had dramatic impacts on most businesses, resulting in contractions for many but expansion for others. The pandemic and related restrictions would be considered an environmental force.
A global economic downturn brought on by the COVID-19 pandemic is known as the COVID-19 recession, also known as the Great Lockdown. In most nations, the recession started in February 2020.
In practically all major economies, the pandemic was accompanied by historically low levels of output. In the second quarter of 2020, the U.S. economy shrank by 8.9 percent, the most since more than 70 years prior. Most other significant economies performed significantly worse.
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which of the following statements is true about writing skills required at work? which of the following statements is true about writing skills required at work? people who do hands-on work like construction do not require writing skills. managerial jobs require good management skills but not necessarily good communication skills. managers do not require writing skills because they have assistants to do their writing work. almost every entry-level professional requires good communication skills. higher authorities in an organization do not need to write because they will use form letters
Good communication skills are necessary for almost all entry-level professionals.
What are effective communication techniques?Speaking, listening, watching, and empathising are all necessary for good communication. It's also helpful to understand how communication styles differ when speaking on the phone, in person, and when communicating digitally through email and social media. If you use their name, look them in the eye, and pay close attention to what they have to say, they will feel appreciated.
Why are good communication skills necessary?In order for you to absorb information more quickly and precisely as well as for others, you must have effective communication abilities.
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What cost ter best fits the following descriptions? Choose from the folowing list of terms: direct cost, indirect cost cost object, trace, alocate, and assign. Terms may be used more than once cost object direct cost assign indirectos allocate Anything for which a manager would like to know the cost
Anything for which a director would like to know the cost stylish fits the following descriptions. In this case, Option D is correct.
A director is a person who oversees a specific area of a business, or they" manage" the business. directors may be in charge of a department and the labor force within it. In some situations, the director is in charge of the entire company. For case, a" eatery director" is in charge of the entire establishment. A director is someone who primarily performs directorial duties. They ought to have the authority to hire, fire, discipline, conduct performance reviews, and keep track of attendance. also, they ought to be suitable to authorize overtime and holiday
time. The person in charge is he or she. Managing labor force or a particular division of the business on a diurnal base is another responsibility of the director.
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to help pay for college, deke spent two years working the carousel at a local amuement park. upon graduating with an accounting degree, deke is interveiwing for a job with auditing firm usa. what is the best way to determine if the amusement park job is a part of deke's career path
The easiest method to establish if Deke's amusement park employment is on his career path is to assess the knowledge and expertise he acquired from the position and how well they fit with his long-term professional objectives.
What is the best way to determine Deke’s career path?
Deke can think back on how his profession has given him the opportunity to hone skills like problem-solving, time management, teamwork, and customer service, and determine whether these abilities are transferrable to the accounting and auditing industry. Additionally, he might reflect on whether the experience has improved his knowledge of the field and shaped his passions and interests. Ultimately, Deke needs to determine if the employment at the amusement park is pertinent to his intended career path and whether it will help him realise his long-term objectives. The set of occupations and experiences that make up a person's professional life are referred to as a career path. It includes all of the knowledge, abilities, and experiences that a person gains while pursuing their career goals. A career path often begins with entry-level jobs and advances to senior roles with higher levels of responsibility and technical proficiency. Promotions, lateral transfers, and chances for professional growth can all be part of it. It could also include changes in the sector or functional area. An individual may better comprehend their professional development and make plans for the future with the aid of a clearly defined career path.
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to help pay for college, deke spent two years working the carousel at a local amuement park. upon graduating with an accounting degree, deke is interveiwing for a job with auditing firm usa. what is the best way to determine if the amusement park job is a part of deke's career path
scarcity means human wants for goods and services exceed the available supply. supply is limited because resources are limited. demand, however, is virtually unlimited. whatever the supply, it seems human nature to want more. true or false
Scarcity occurs when human desires for goods and services exceed available supply, and supply is limited because resources are limited; however, demand is virtually unlimited. Therefore the given statement is true.
What is scarcity?Scarcity occurs when the demand for a good or service exceeds the availability of that good or service. As a result, scarcity could indeed limit consumers' options, which ultimately comprise the economy. Understanding how goods and services are valued necessitates a grasp of scarcity.When human desires for goods, services, and resources outnumber available resources, scarcity occurs. Labor, tools, land, and raw materials are all needed to produce the goods and services we want, but they are scarce.As an example of scarcity natural resources, such as gold, oil, silver, and other fossil fuels, are inherently scarce. When demand outnumbers supply, these resources become scarce and prices may rise. Other commodities, such as diamonds, command a high price due to their scarcity and market control.To learn more about scarcity refer to :
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Bonds, stocks, and mutual funds are examples of ________ assets, while land, buildings, and vehicles are examples of ________ assets. (2 points)
real; fixed
real; current
financial; real
current; financial
fixed; financial
Bonds, stocks, and mutual funds are examples of financial assets, while land, buildings, and vehicles are examples of real assets.
What various forms of assets are there?They fall into two types in particular: Fixed tangible assets: Tangible assets include things like furniture, land, buildings, and automobiles. Fixed intangible assets: Patents, trademarks, copyrights, and other forms of intellectual property are examples of this. Investment assets are segmented according to how they produce revenue for a business.
What sort of property, machinery, and equipment comes to mind?Fix assets, which are long-term physical assets, also include property, equipment, and equipment assets. Fixed assets are quite common in sectors that are regarded as being capital-demanding, such as the steel, auto, and oil industries.
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What is the name given to the highest-valued alternative that must be given up to engage in any activity?
Name given to the highest-valued alternative that must be given up to engage in any activity is opportunity cost.
Highest-valued alternative that must be given up to engage in any activity is known as opportunity.
An opportunity cost is the highest valued alternative foregone whenever one chooses an alternative. On the production possibilities curve, a movement between points that yields a loss of one good in order to raise the output of another good will maintain efficient production.
Examples of high value-added activities include designing products, delivering products, processing customer orders, and improving product quality.
Examples of Opportunity Cost. Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.
Benefits foregone by not choosing an alternative course of action. Opportunity cost is the future income or cost that would have been earned or incurred if this alternative was chosen.
The concept of opportunity cost is used in decision-making to help individuals and organizations make better choices, primarily by considering the alternatives. Opportunity costs incorporate the cost and benefit of each choice, which can at times be challenging to estimate. Opportunity costs are forward-looking.
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how long after being accepted will my taxes be approved
After you have filed your IT returns and verified the same, income tax refund time taken is usually 20-45 days after ITR has been processed.
In addition to civil income duty collected by the United States, utmost individual U.S. countries collect a state income duty. Some original governments also put an income duty, frequently grounded on state income duty computations. Forty- two countries and numerous points in the United States put an income duty on individualities. Eight countries put no state income duty, and a ninth, New Hampshire, imposes an individual income duty on tips and interest income but not other forms of income( though it'll be phased out by 2027). Forty- seven countries and numerous points put a duty on the income of pots.
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which of the following is an example of descriptive statistics? A) Conclude which of two brands of coffee is preferred by all coffee consumers based on taste-test preferences of 200 coffee drinkers. B) Estimate the percent of all U.S. voters who approve of the President's performance. C) Test whether the average lifetime of all Brand A batteries exceeds 500 hours based on lifetime data from a sample of 20 Brand A batteries. D) Calculate the percent of 2500 U.S. voters in an opinion poll who approve of the President's performance.
Calculate the percent of 2500 U.S. voters in an opinion poll who approve of the President's performance.
What is opinion poll?
An opinion poll, often known as a survey or poll, is a type of human research study that gauges public opinion from a specific sample.
By asking a series of questions and extending generalizations into ratios or confidence intervals, opinion polls are often created to represent the opinions of a population.
Pollster is a term used to describe someone who conducts polls. For many years, surveys of public opinion were conducted via telephone or in-person interactions.
Although there are many different methods and strategies, they are generally accepted. In contrast to other sorts of surveys, systematics, and intricate matrices beyond past orthodox processes, verbal, ballot, and processed types can be undertaken effectively.
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When a trial balance balances, it is an indication that?
Answer: the total footing for debit and credits are equal.
Explanation:
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Chinese managers.
A. Cultural etiquette
B. Internationalization
C. Globalization
D. Culture
The degree to which people in a culture perceive themselves to be threatened by uncertain or unexpected conditions.
Workforce diversity refers to employee similarities and differences based on age, cultural background, physical abilities and disabilities, race, religion, gender, and sexual orientation. Teamwork has been found to boost customer happiness, product, and service quality, product development speed and efficiency, employee job satisfaction, and decision-making. China has a high power distance and a very high long-term orientation, but a low level of uncertainty avoidance and an extremely low level of individualism. Someone is showing you that they are intimidated and uncomfortable without saying anything. " If someone turns away as if they want to flee, that is a sure sign that they want to get out of the conversation and could very well signal that.
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elliot borrows $900 to buy an appliance. he takes 36 months to pay off the loan and interest. he pays $135 in interest, what is the interest rate?
The interest rate. The interest rate on the loan amount, which represents the fee that the borrower pays the lender to borrow money for a specified period of time. The interest rate is therefore 5%.
What is the interest rate?
The interest rate. The percentage of the loan amount that represents the fee that the borrower pays the lender to borrow money over a specified period of time. The average interest rate for a 30-year fixed-rate mortgage currently stands at 6.45% on Tuesday, January 31, 2023, down 2 basis points from the previous week. The 30-year average refinancing rate is now 6.46%, down 6 basis points from the same period last week. This rate is designed for homeowners looking for refinance.
Notice that 900 = 9x100.
So you can divide 900 by 9 to get 100.
This means you can also divide 45 by 9 (it's proportional)
You have 45 times 900, divide by 9 and you get 5 times 100 -> 5%
Here is the cross multiplication:
(45x100)/900 = 5%
The interest rate is therefore 5%.
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how to find employer identification number without w2
If you do not have a W2 form, you can still find an employer's identification number (EIN) through other means:
1. Check pay stubs or other employment records: Your employer may have provided the EIN on your pay stubs or other employment records.
2. Contact your employer: You can ask your employer directly for the EIN. They are required to provide it to you upon request.
3. Use the IRS EIN Assistant: The IRS provides an EIN Assistant tool that allows you to retrieve an EIN if you have certain information about the company.
An Employer Identification Number (EIN), also known as a Federal Tax Identification Number, is a unique nine-digit number assigned to a business entity by the Internal Revenue Service (IRS) for tax purposes. It is used to identify the business and its tax responsibilities, including the filing of tax returns and the payment of taxes. An EIN is similar to a Social Security Number (SSN) for an individual, but is used to identify the business.
EINs are necessary for businesses that have employees, are a partnership, a corporation, or an LLC. An EIN is also required for businesses that have tax-exempt status, or for those who are involved in certain transactions such as applying for a loan or opening a business bank account.
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Once again I have the decidedly unpleasant task of reminding all employees that you may NOT utilize company computers or the Internet other than for work-related business and essential personal messages. Effective immediately a new policy will be implemented
Effective immediately a new policy will be implemented restricting the use of company resources for non-work related purposes.
Policy refers to a plan of action or set of guidelines for making decisions and achieving specific goals. It is a framework that defines how organizations, governments, or institutions will approach a particular issue, and provides guidance for decision-making. Policies can vary in scope, from broader strategies to more specific protocols, and they are often based on a combination of legal, ethical, and practical considerations.
Effective policies help organizations achieve their goals, foster consistency and stability, and support decision-making that is consistent with the organization's mission and values. Policies also serve as a means of communicating expectations and responsibilities, and can be an important tool for managing risk and ensuring compliance with laws and regulations. Overall, policies play an important role in shaping the behavior and outcomes of organizations and are critical to their success.
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why should you avoid interest rate deals like zero-percent interest?
you avoid interest-rate deals like zero-percent interest they make you think you can get a loan to finance your purchase without paying any extra interest.
Finance is the look at and discipline of cash, forex, and capital assets. it's miles related to, however no longer synonymous with economics, that's the take a look at of production, distribution, and consumption of cash, belongings, items, and services (the subject of financial economics bridges the 2). Finance sports take region in economic systems at various scopes, consequently, the sector may be more or less divided into non-public, company, and public finance.
In a financial gadget, assets are sold, offered, or traded as economic instruments, which include currencies, loans, bonds, stocks, shares, options, futures, and many others. the property also can be banked, invested, and insured to maximize fees and minimize loss. In practice, dangers are constantly found in any monetary action and entities.
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if the united states and kazakhstan entered into free trade with only one another, what would be the price of flaxseed, and what quantity of flaxseed would be traded?
The table shows that the quantity of flaxseed that the United States is willing to import at a price of $10 is equal to the quantity of flaxseed that Kazakhstan is prepared to export. As a result, they will trade for $10 a bushel, and 4 million bushels will be exchanged.
What is import?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit if the value of its imports exceeds the value of its exports. The majority of the time, nations will import items or services that the exporting nation's own industry cannot provide as effectively or inexpensively. Additionally, nations may import goods or raw materials that are unavailable within their boundaries. For instance, many nations import oil because they are unable to do so domestically or because there is not a sufficient supply to meet demand.
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which is true about best practice frameworks and standards?
Best practice frameworks and standards provide guidance and structure for effective processes and operations.
Best practice frameworks and standards are established guidelines that provide a roadmap for organizations to follow in order to achieve desired outcomes.
These frameworks and standards are based on proven methodologies and successful experiences, and provide a common language and understanding for organizations. They help organizations to develop and maintain efficient and effective processes and operations, and ensure that tasks are completed consistently and to a high standard.
Adherence to these frameworks and standards can lead to improved quality, increased productivity, and better overall outcomes for organizations. They also provide a benchmark for organizations to assess their performance against and to identify areas for improvement.
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All of the following are internal control procedures except?A. Sarbanes-Oxley reforms. B. internal and external audits. C. adequate records. D. assignment of responsibilities.
All of the following are internal control procedures except A. Sarbanes-Oxley reforms.
The Sarbanes-Oxley Act of 2002 is a federal law that was enacted in response to financial scandals in the early 2000s. The law establishes new or expanded requirements for public companies and accounting firms to improve the accuracy and reliability of financial reporting and to protect against fraud. While the Sarbanes-Oxley Act is a significant development in corporate governance and financial reporting, it is not considered an internal control procedure as it is a federal law and not a process or policy established by a specific company.
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holsten advertising is creating a coordinated campaign of radio spots, print ads, and social media posts promoting the benefits of milk. this is an example of .
Holsten Advertising is creating radio spots, print ads, and social media posts for a coordinated campaign that highlights the health benefits of milk. As an example, consider the utilization of buzz.
The required details about buzz is mentioned in below paragraph
Buzz marketing is a viral marketing technique used to increase the likelihood that a campaign or product would generate favorable word-of-mouth. These strategies may promote more in-depth discussions on social media platforms or smaller-scale discussions among customers' friends and family. Buzz marketing is a strategy used by businesses to increase sales and online traffic by encouraging consumers to talk about their products and services.
If a company advertised its products through a stunt or show where viewers could test the products and then discuss them offline or online, that would be an example of buzz marketing.
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Which of the following aspects relate to the information provided in an income statement?-Assurance that the company will pay dividends to stockholders-Assurance that the company will pay its obligations when they become due-Ability to earn a profit from its operations during the current period
The correct response is c. Ability to earn a profit from its operations during the current period.
Both revenue and profit are positive indicators for your company, but the terms shouldn't be used interchangeably. Both provide an essential means of comprehending your company. Profit is the net money left over after deducting costs from earnings, whereas revenue is the income created by business operations. Profit is the amount of revenue that is left over after all costs, obligations, sources of new revenue, and operating costs have been taken into account. While both revenue and profit refer to the money a company makes, it is feasible for a corporation to make both revenue and a net loss at the same time. No, the two measurements have significant disparities. Profit is what remains from your income after costs are subtracted from it. Cash flow is the money that comes into and goes out of your firm over the course of a certain period.
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Match the definition on the left with the term/item on the right. it is a collection of all accounts with their activity and balances that exist in a business.___
A general ledger is a compilation of every account that exists in a business along with its activity and balances.
What Is a General Ledger?
A general ledger serves as the mechanism for maintaining a company's financial records, with a trial balance used to verify debit and credit account information. It offers a record of every financial transaction that occurs throughout the course of an operational firm's existence and contains account information required to create the financial statements for the company. The accounts for assets, liabilities, owners' equity, revenues, and expenses are where transaction data is separated by kind. The general ledger is then closed off or summarised, and the accountant creates a trial balance, which is a summary of the balance of each ledger account.
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The demand schedule for chicken feet, a dim sum delicacy served at some Chinese restaurants, is shown in the table. Although some people find the texture strange, others have developed a taste for it. Price of chicken Quantity of chicken feet demanded Quantity of chicken feet demanded feet (per pound) $3.00 $2.50 $1.25 $1.00 $0.50 (millions of pounds) in 2008 3.0 3.2 3.6 (millions of pounds) in 2018 9.2 9.9 10.3 12.2 15.0 5.7 How many more chicken feet were demanded in 2018, at a price of $2.50 a pound, than in 2008? Based on the demand schedule, you concl ude 9.2 million pounds the demand curve shifted to the right. 0 the demand curve shifted to the left. O there was movement along the demand curve to the left O there was movement along the demand curve to the right.
6.7 million lbs the demand curve shifted to the right. Based on the demand schedule.
The demand schedule for chicken feet served at chinese restaurants ,at the price of millions of pounds given in the question. 6.7 millions of pounds were demanded in 2018.Based on the schedule.
A demand schedule is a table that shows the quantity demanded of a good or service at different price levels. A demand schedule can be graphed as a continuous demand curve on a chart where the Y-axis represents price and the X-axis represents quantity.An example of this in everyday life could be frozen pizzas. If the price of a frozen pizza drops just 25%, you might buy three times as much as you normally would on your next grocery trip.
There are two types of Demand Schedules: Individual Demand Schedule. Market Demand Schedule.
Demand schedule is important because economists and marketers use the market demand schedule to help set prices, determine how much of a given product to put on the market and make other decisions about supply and sales.
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What are the 5 reasons that business analysis is difficult from operational databases?
The answer is , 5 reasons are Inconsistent data information, Lack of data standards, Poor data quality, Inadequate data usefulness and Ineffective direct data access.
What do you mean by business?A person who produces items or provides services with the intention of selling them for a profit is also engaging in business. Business Definition A business is an entrepreneurial entity or organization that engages in professional activities. They might be industrial, commercial, or something else.
What factors contribute to a successful business?A business has a decent probability of success if its management is above average—people with expertise and long tenure. Quality, innovation, customer service, and even warranties may help businesses become industry leaders.
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if tim hortons opted to let a local chinese company operate coffee shops using the tim hortons business system, rather than owning and operating the stores itself, it would be pursuing which market entry strategy?
If Tim Hortons opted to let a local Chinese company operate coffee shops using the Tim Hortons business system, it would be pursuing a franchising market entry strategy.
A parent firm (the franchisor) offers another company (the franchisee) the right to use its brand name, operating system, and support services in return for an upfront fee and continuing royalties. This is a method of entering a market.
The franchisee operates the business using the franchisor's system and sells the franchisor's products or services under the franchisor's brand name. In this case, Tim Hortons would be the franchisor and the local Chinese company would be the franchisee.
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