Option B is correct. Buyers can switch between products without noticing a change in cost because prices don't often change under pure competition.
What are Monopolistic Markets?Companies are price makers in a monopolistic market because they set the prices for goods and services. Prices for goods and services are typically high in this type of market because businesses enjoy complete market dominance. Companies control a majority of the market, which makes entry and departure points challenging. Due to the high entry barriers in monopolistic markets, even after new companies enter the market, it is frequently still dominated by one larger company.
What is Perfect Competition?Prices are determined by supply and demand in a market with perfect competition. Because no company has sufficient market control in a perfectly competitive market, all businesses are price takers. In contrast to a monopolistic market, perfectly competitive markets have tiny market shares for companies. Entry and exit points for businesses are very uncomplicated due to the minimal entry barriers. In contrast to a monopolistic market, which only has a few buyers and sellers, a totally competitive market allows consumers to pick where they purchase their goods and services.
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Which type of customer is outside your organization and expects you to provide services or products
The individuals that purchase and utilize the goods or services that your business provides are known as external clients. These clients are those you should design for when coming up with problems and solutions. An external client is a sort of consumer who does not interact with the business directly,
But purchases and uses the goods and services that are produced. What is typically referred to as a "customer" in general is an external customer. They make a purchase of a company's goods or services but do not hold any other positions within the business, such as vendor, partner, or employee.
Some such instances include shoppers who visit a store to buy groceries, tourists who purchase admission tickets at attractions or parks, and hotel guests.
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Economic resources that are owned or controlled by a company"" – which one of the terms below matches the definition/description just given?
Economic resources that are owned or controlled by a company is asset. Economic resources are elements that are utilized to create goods or services for use or consumption. The Economic resources are sometimes referred to as production inputs. Money is just one form of the economic resource; there are others as well.
Some the economists use production components of land, capital, and entrepreneurship define economic resources. The six elements are also included in concept in other economic theories they are land, capital, information, corporate reputation, and ownership risk. Although all company need economic resources, how they employ those resources varies.
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The present value of $100 paid annually at year end for 20 years at 10% per year is:________.
$851.36 will be the present value of money for $100 after 20 years. The concept of present value states that an amount of money today is worth more than the same amount in the future. We can say that the value of money today won't be same after 10 years.
Money that is not spent today may be expected to lose value in the future at some implied annual rate, which may be inflation or the rate of return on investment. The present value formula reduces the future value to today's dollars by taking into account either the implied annual rate of inflation or the rate of return that could be obtained if a sum was invested.
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Mr. edwards, a marketing representative of the acme insurance company, scheduled a marketing event and expects about 40 people to attend:___.
Edwards, a marketing specialist at ACME Insurance Company, is planning a marketing event and expects about 40 attendees. He hired a magician for $200 to entertain the attendees.
His five largest homeowners insurance companies in the United States are State Farm, Allstate, USAA, Liberty Mutual, and Farmers. He can do this because the estimated number of attendees is based on the size of the venue and the response rate, and the value of the gift does not exceed $15.
You can request your name and mailing address. You can give multiple gifts during a single event, but the total sales cannot exceed $15 at a time.
Insurance companies are financial intermediaries that provide primary insurance or reinsurance services and provide financial protection against potential future risks.
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Item 1 The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.
The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability: FALSE
What is the economic development approach?Economic development, on the other hand, is a multifaceted process that includes significant changes in social structures, public attitudes, and national institutions, as well as the acceleration of economic growth, the decrease of inequality, and the abolition of absolute poverty.Therefore, the given statement "the economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability" is completely FALSE.
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Complete question:
The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.
TRUE or FALSE.
B. Did the percentage change in nominal gdp exceed the percentage change in real gdp in any of the last three years listed?
The percentage change in nominal GDP exceed that of real GDP in all the three years.
Did the percentage change exceed that of real GDP in any of the three years?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year.
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
Real GDP = (Nominal GDP / GDP deflator) x 100
Real GDP in year 1 : (21,000 / 100) x 100 = 21,000
Real GDP in year 2 : (21,650 / 103) x 100 = 20,932.04
Real GDP in year 3 : (22,495 / 105) x 100 = 21,423.81
Real GDP in year 4 : (23,280 / 108) x 100 = 21,555.56
Change in Real GDP in year 2: (20,932.04 / 21,000) - 1 = -0.32%
Change in Real GDP in year 3: (21,423.81 / 20,932.04) - 1 = 2.35%
Change in Real GDP in year 4: (21,555.56 / 21,423.81 ) - 1 = 0.61%
Change in Nominal GDP in year 2: (21,650 / 21,000) - 1 = 3.10%
Change in Nominal GDP in year 3: (22,495 / 21,650) - 1 = 3.90%
Change in Nominal GDP in year 4: (23,280 / 22,495) - 1 =3.49%
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Which of the following could be an appropriate security step for businesses implementing a BYOD policy for employees
The option is (d) All of the above.
An appropriate security step for businesses implementing a BYOD (bring your own device) policy for employees are-
Limiting access to e-mail only.Password and timeout protectionLimiting the types of apps that can be downloadedWhat is BYOD (bring your own device) policy?BYOD (bring your own device) is an organizational policy that permits employees to use their own personal devices for work-related tasks. Accessing emails, connecting to the corporate network, and using corporate apps and data are a few examples of those actions.
A BYOD policy may include all or some of the following:
What constitutes appropriate use of personal devices for work-related activities.The kinds of mobile devices that IT has approved for use. Software that must be installed to help secure the device, like mobile device management (MDM) or mobile application management (MAM) tools.Security measures like password requirements.User responsibilities regarding the device and its access to the network. Are there any incentives or cost reimbursements for using personal data plans for work-related activities.An exit strategy should employees decide they no longer want to use their personal devices for work, as well as a clear statement of the termination policy.To know more about "bring your own device" (BYOD) policy, here
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The complete questions is-
Which of the following could be an appropriate security step for businesses implementing a BYOD (bring your own device) policy for employees?
a. Limiting access to e-mail only.
b. Password and timeout protection
c. Limiting the types of apps that can be downloaded
d. All of the above
Lillian loaned A.J. $10,000 and increased her purchasing power by $200 when A.J. repaid the loan a year later. Deflation of 2% also occurred that year. What nominal interest rate did Lillian charge A.J.
The nominal interest rate did Lillian charge A.J. is 0%.
What is the interest rate?The amount of interest due every period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate (called the principal sum). The total interest on a lent or borrowed amount is determined by the principal amount, the interest rate, the compounding frequency, and the length of time it is lent deposited, or borrowed.The annual interest rate is the rate over a one-year period. Other interest rates are applicable over different time periods, such as a month or a day, but they are typically annualized.As it is purchasing power was increased by $200.
$200 is 2% of $10,000.
Since deflation is 2%.
Therefore, the nominal interest rate did Lillian charge A.J. is 0%.
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A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they
A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.
What is marketing intermediaries?Marketing intermediaries can be defined as the people that acts as a link between a manufacturer and consumer.
This Marketing Intermediaries perform important functions as they assist companies or organization to market and sell their product and to as well distribute products from the manufacturer to end user.
Therefore a reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.
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The determination of the mathematical relationship between activity level and cost is known as:______
Answer:
cost estimation
Hugh is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia! He is also a very hard worker, and is willing to work a lot of hours to make the kind of money he wants. Hugh should most likely look for the kind of job that is paid
The type of Job that Hugh has to look for should be the one that can pay him by commission.
What is a commission?This is the money that a person is paid after they have brokered a deal. The commission is the money.
This is the service charge that Hugh is going to charge to his clients whenever he helps them.
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A contingent liability is an actual obligation arising from a past event. This statement is:.
A contingent liability is an actual obligation arising from a past event. This statement is: False its not actual.
What is Contingent Liability ?A contingent liability is defined as a liability which may arise depending on the outcome of a specific event. It is a possible obligation which may or may not arise depending on how a future event unfolds. A contingent liability is recorded when it can be estimated, else it should be disclosed.
The Types of Contingent Liabilities are :
Probable:
Probable contingent liabilities can be reasonably estimated (and must be reflected within financial statements.
Possible:
Possible contingent liabilities are as likely to occur as not (and need only be disclosed in the financial statement footnotes.
Remote:
Remote contingent liabilities are extremely unlikely to occur (and do not need to be included in financial statements at all.
Examples of Contingent Liability are:
Pending lawsuits :
Pending lawsuits are considered contingent because the outcome is unknown.
Warranties :
A warranty is considered contingent because the number of products that will be returned under a warranty is unknown.
Hence, The given Statement is FALSE.
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The perceived value that a company creates for consumers less the company's costs to create the value equals ______. Multiple choice question. a strategic trade-off
Generally, the typical perceived value that a company creates for consumers, less the company's costs to create the value equals the economic value created.
What is a perceived value of a product?This refers to the customer's own perception of a product or service's merit or desirability to them most especially in comparison to a competitor's product.
It also means the difference between the prospective customers evaluation of all the benefits and costs of an offering and the perceived alternatives.
In conclusion, the the typical perceived value that a company creates for consumers, less the company's costs to create the value equals the economic value created.
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_ (one word) competition is a market characterized by having many sellers, differentiated products, and ease of entry and exit from an industry.
Monopolistic competition is a market characterized by having many sellers, differentiated products, and ease of entry and exit from an industry.
What is Monopolistic competition?
An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals. Brand differentiation is a commercial strategy that is directly tied to monopolistic competition.In monopolistic competition, businesses often work to distinguish their goods in order to generate profits above the market.Some economists criticize the widespread use of heavy marketing and advertising by businesses under monopolistic competition as being wasteful.To know more about monopolistic competition
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If an advertiser doesn't want to add remarketing tags to a website, why would Customer Match be a good fit for them?
The correct answer is: Customer Match relies on your own data instead of a remarketing tag.
INTERPRETATION
If an advertiser doesn’t want to add remarketing tags to a website then Customer Match would be a good fit for them because Customer Match creates a similar audience for you by using the data from your ad accounts and campaigns. This makes the Customer Match data reliable because it uses your own data instead of a remarketing tag.
The Customer Match audience is created from the interests and behavior of the audience similar to your previous website visitors.
Therefore, we can conclude that the correct option is D. If an advertiser doesn’t want to add remarketing tags to a website then Customer Match would be a good fit for them because Customer Match relies on your own data instead of a remarketing tag.
Your question is incomplete, but most probably your full question was:
If an advertiser doesn't want to add remarketing tags to a website, why would Customer Match be a good fit for them?
a. Customer Match allows you to reach people who have been to your website
b. Customer Match allows you to reach people who haven’t been to your website yet
c. It wouldn’t be a good fit. You have to tag your website to use Customer Match
d. Customer Match relies on your own data instead of a remarketing tag
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A swedish children’s toy company is sending its toys to other countries in south america to sell through various distributors. What is this type of entry strategy called?.
A strategy in which the company enters any other country by providing its products to distributors, is called a distribution strategy.
What is a Strategy?A strategy is a plan that an organization have adopted to reach its goals, the company make strategies to achieve its targets and goals, the main goal of an organization is to increase revenue while the strategy is the one in which it is described that how the organization will actually achieve this goal.
There are different strategies available and it depends on the board of directors as what strategy they want to follow. The strategy in the scenario is of entering a new market and that also through distributors, this strategy will have low capital investment requirements, as there is no need to open outlets in the South America region.
This strategy is called the distribution strategy.
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An exporting entry strategy is used when the Swedish children’s toy company is sending its toys to other countries in south america to sell through various distributors.
What is an exporting entry strategy?This refers to the sale of products and services in foreign countries that are sourced from the home country.
Most time, the easiest form of entry strategy is an exporting such as direct or indirect method through an agent.
The more complex entry strategy include the global operations which may involve joint ventures, or export processing zones.
Hence, the advantage of the exporting entry strategy is that firms avoid the expense of establishing operations in the new country.
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Which business buying decision factor would include political forces, economic factors, and technological changes
The business buying decision factor that would include political forces, economic factors, and technological changes is: Environmental factors .
What is buying decision?Buying decision can be defined as the process in which a buyer put into consideration some factors before deciding to buy a product
Environmental factors consist of the following:
Competitive factorsEconomic factorsPolitical forcesLegal and regulatory forcesTechnological changes Sociocultural issuesTherefore the business buying decision factor that would include political forces, economic factors, and technological changes is: Environmental factors .
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On January 1 of Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires annual payments of $43,620, beginning on December 31 of Year 1.
Installment note from Campbell Bank.
1-Jan Note intt expense Decrease 31-Dec
Amortization of Installment Notes Carrying payment 7% in Carrying
Year ending December 31 amount cash paid notes payable amount
year 1 147,750 43,620 10343 33,278 114,473
year 2 114,473 43,620 8013 35,607 78,866
year 3 78866 43,620 5521 38,099 40,766
year 4 40766 43,620 2854 40,766 0
b) Journal Entries
Date Account titles & Explanations Debit Credit
year 1 1-Jan Cash 147,750
Notes payable 147,750
(to record issuance of note)
year 1 31-Dec Interest expense 10343
Notes payable 33,278
cash 43,620
(to record interest expense)
year 2 31-Dec Interest expense 8013
Notes payable 35,607
cash 43,620
(to record interest expense)
year 3 31-Dec Interest expense 5521
Notes payable 38,099
cash 43,620
(to record interest expense)
year 4 31-Dec Interest expense 2854
Notes payable 40,766
cash 43,620
(to record interest expense)
c) interest expense of 10,343 would be reported on the income statement of Bryson Company.
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If a firm's dol is 3.6 with a profit of $2,000,000 and depreciation of $500,000, what are its other fixed costs?
a. $5,520,000
b. $5,250,000
c. $5.800.000
d. $4,700,000
The other fixed cost will be D. $4,700,000.
How to calculate the cost?The contribution margin will be:
= $2000000 × 3.6
= $7,200,000
The total fixed cost will be:
= $7,200,000 - $2,000,000
= $5,200,000
The other fixed cost:
= 5,200,000 - 500,000
= 4,700,000
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Joshua is a new project manager. He is unsure of how much time a new task will require to be completed on the project. He decides to use ________ to estimate a realistic time frame for the task.
Answer: PERT
Explanation:
Assume that initially there is free trade. if the united states then imposes a $25 tariff per barrel of imported oil, the tariff revenue generated will equal?
Tarrif revenue generated is equal to the increase in the imports enlarging the tax base using import demand elasticilty.
A tarrif is a as tax on imported goods with reference to domestic products.
The production that has been imported ,government may choose to restrict competititon by applying tarrif which helps to create an equilibrium price.
Imposing of tarrif worth $25 on imports would help to reduce domestic producer's pressure upon industry generating an income .
Consumers will face higher price whereas the producers would be able to sell more in the trade creating a balance.
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our grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's:
Your grocery store in India is having trouble getting the local farmers to supply you with the proper produce. This is a problem with India's resource market.
What is the resource market?The term "resource market" refers to a market that provides goods and services to businesses, organizations, and firms in exchange for money. Markets that offer firms the resources they require to deliver the products or services they offer are known as resource markets.
One of the three main categories of macroeconomic markets is the resource market, sometimes known as the factor market. Financial markets and product markets are the other two. The macroeconomic analysis of full employment and unemployment must take into account resource markets.
firms demand the resources that maximize profit and households supply the resources that maximize utility.
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Suppose the rivals of an oligopolistic firm match either a price increase or decrease. If this occurs, then the firm's demand curve will look ______.
Suppose the rivals of an oligopolistic firm match either a price increase or decrease. If this occurs, then the firm's demand curve will look straight.
An oligopoly refers to a marketplace shape that includes a small extensive variety of agencies, who collectively have a sizeable effect over a tremendous industry or marketplace. while the company holds a splendid deal of marketplace power, no person enterprise inside the group has sufficient sway to undermine the others or thieve market percentage.
Oligopoly traits include immoderate limitations to new get right of entry, charge-setting potential, the interdependence of corporations, maximized sales, product differentiation, and non-price competition.
As an alternative, they are oligopolies. Oligopoly arises while a small number of big companies have all or most of the sales in an agency. Examples of oligopoly abound and encompass the auto organization, cable tv, and business air excursion. Oligopolistic corporations are like cats in a bag.
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________ is the shift from people making their own fun to people purchasing it as goods and services.
The commodification of recreational activities is the shift from people making their own fun to people purchasing it as goods and services.
What is commodification?This is when values are assigned to objects or things which are previously meant for fun. Commodification occurs when something that used to have intrinsic value gradually develops a monetary value like water, or sunshine, or knowledge as an example.
Here, human and socio cultural value are converted into market value which also applies to goods, services, ideas, and other forms and products.
Commodification provides benefit to a business environment which includes opportunities for developing new products and services inorder to meet ever changing customer needs and demand.
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After a company releases a promotional program, it should follow changes in sales during and after the promotion to see how sales were affected. This is known as _______.
After a company releases a promotional program, it should follow changes in sales during and after the promotion to see how sales were affected. This is known as "Sales tracking".
What is Sales tracking?Sales tracking is crucial since it motivates you to make wise gains and helps you stop additional losses. Knowing the numbers frees you from the need to guess; you can base your judgements on the numbers you can already see, making you a more effective and astute leader.
Some key features of sales tracking are-
This comprises the rate at which deals move through the pipeline, the length of the sales cycle, the win rate, the number of leads that are followed up with, and generally all the variables that affect whether a deal can be closed.The goal of sales monitoring is to examine the smaller, more specialized elements of the sales process in order to comprehend how they all interact with one another. Sales monitoring, when properly implemented, can significantly and continually enhance your sales process. It's a large idea (and big work) stated in two short terms.The importance of sales tracking are-
You can get current sales insights through sales tracking.You can spot issues with your sales before they get worse by using sales tracking.Sales managers can receive up-to-the-minute information on how everyone is doing when your organization tracks sales activities.Using sales tracking to make decisions is simple.To know more about sales promotion, here
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Southland farm sold ten september futures contracts on wheat. Southland farm will:______.
A) receive payment now and deliver in September.B) receive payment for the wheat in August and deliver in September.C) pay for the wheat now and deliver in September.D) receive wheat in September from the holder of the contract.E) receive payment for the wheat and deliver wheat in September.
Southland farm sold ten September futures contracts on wheat. Southland farm will: both receive payment and deliver in September. Option A. This is further explained below.
What is the payment?Generally, the act or process of making a monetary contribution to someone or something, or of receiving a monetary contribution.
In conclusion, Wheat futures contracts were sold by Southland Farm for 10 contracts in September. September will be a busy month for the Southland farm, with both payments and deliveries.
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Linkedin is a business-oriented social networking site that you should visit if you are looking for professional employment.
a. true
b. false
This is true. This is a site that one has to visits when they need help on issues that have to do with employment.
What is linkein?This is is the name that is used to refer to a social media site that is used to connect the people that are actively seeking for employments and the people that are able to provide the links to such opportunities. These would be the providers or employers of labor.
The use of this site is very beneficial to its used because it brings communication closer and people are able to showcase their skills and what they can offer in the market.
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Internal performance measurements focused on the extent to which employees are using a crm system as intended are known as ________.
Internal performance measurements focused on the extent to which employees are using a CRM system as intended are known as Human Resource Management.
In order to manage and analyze customer interactions and data across the customer lifecycle, businesses employ a combination of practices, strategies, and technologies known as customer relationship management (CRM).
The objective is to strengthen interactions with customers in order to promote client retention and increase sales.
CRM systems gather information about customers from various points of contact between them and the business, such as the company's website, the company's phone line, direct mail, marketing materials, and social media.
CRM systems can also give staff workers who deal with consumers in-depth knowledge of their personal data, purchasing history, shopping preferences, and issues.
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Research with results that provide detailed verbal or visual information about consumers' attitudes, feelings, and buying behaviors rather than offering numeric data is known as:_________.
Research with results that provide detailed verbal or visual information about consumers' attitudes, feelings, and buying behaviors rather than offering numeric data is known as qualitative research.
More about qualitative research:
A relatively small sample size is used in this study, which also focuses on depth rather than breadth, is non-linear and cyclical, and strives to systematically elucidate the depth of the human experience within its contextual setting. Finding meaning is the goal of qualitative research, which also aims to comprehend how people interpret their experiences, build their worlds, and give experiences meaning.
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jennifer persuades bank of america to loan money to hre friend by orally agreeing to gurantee the loan, in exchange the friend promises to give her 50% ownership in the company that she establishes with the loan
$500 Balance Assist - Bank of America customers can now borrow up to $500 (in increments of $100) for a $5 flat fee, regardless of the amount advanced to their account, thanks to this new short-term, low-cost loan.
Persuades bank of America to loan money?Collateral Promise to Pay Another's Debt - In order to be enforceable, debt surety or guarantee arrangements must be in writing. These documents serve as evidence of a pledge to pay back a loan.
This includes scenarios in which business owners guarantee their company's debts. Jennifer persuades bank of America to loan money to her friend by orally agreeing to guarantee the loan, in exchange the friend promises to give her 50% ownership in the company that she establishes with the loan Sales of products valued at $500 or more are covered by the UCC's rules. Any contract for the sale of goods for $500 or more must be in writing in order to be enforceable under the UCC. Any such agreement may only be modified in writing. Generally speaking, the person being enforced upon must sign the agreement. A handwritten agreement or a mark, seal, stamp, or electronic signature can all be considered signatures. Even though it is not signed by the other merchant, a confirmation of the contract made by one merchant that is accepted by the other merchant will be considered sufficient between merchants.Learn more about bank of America and loan money here:
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