A product targeting significant local market penetration will probably have considerable adaptation for the local market.
Customers in the local market are those who will purchase goods and services close to the point of production. Knowing how much, where, and how far a customer will go to purchase a good or service is crucial to develop an effective marketing strategy. Local marketing is the practise of promoting your company to customers within a close-by geographic area, such as those living in your city or neighbourhood, for instance. By concentrating on a particular region, you can start promoting your goods and services in the local market. Local marketing is a specific approach that companies can employ to target and connect with potential clients that are located nearby to their place of business.
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An example of an entrepreneur would be someone who opened up a gourmet popcorn store in the local mall. Please select the best answer from the choices provided T F.
A person who opened up a gourmet popcorn store is a suitable example of an entrepreneur.
What do you mean by Entrepreneur?An entrepreneur refers to the person who is solely responsible for the success of the business. In other words, an entrepreneur runs a business of his own and runs it profitably.
An entrepreneur who opened up a gourmet popcorn store in a local mall is considered an example of an entrepreneur.
Therefore, the above statement is True.
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The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16
Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.
Answer:
D
Explanation:
A down payment is usually what percentage of the asking price of a home? a. 5 percent b. 20 percent c. 50 percent d. 75 percent
The most common down payment for a home is 20 percent of the asking price. So the answer is b) 20 percent.
A down payment is the initial payment made by the buyer when purchasing an expensive item, typically a house or a car, and is usually expressed as a percentage of the total purchase price. The down payment amount can vary depending on the lender's requirements and the type of loan being used.
Generally, a down payment of 20% of the purchase price is considered standard for a home purchase, although some lenders may accept a lower down payment amount. A larger down payment can result in a lower interest rate, lower monthly payments, and less overall interest paid over the life of the loan.
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The facts that a proprietorship, as a business, pays no corporate income tax, and that it is easily to raise capital, are two key advantages to that form of business.
a. True
b. False
Answer: False
Explanation:
While Proprietorship do indeed have the tax advantage of not having to pay Corporate income tax, the same cannot be said for the ease at which they can raise capital.
In general, Proprietorships find it hard to raise capital as investors will be worried of investing into a one person run operation. They would rather prefer that their investments were protected by the law and that the company had enough experienced people on board as well which is why they would prefer a Corporation.
Even getting loans as a Proprietorship can be hard because banks will set a high rate for the business to cater for a default risk.
involving employees in the decision-making process is:
Involving employees in the decision-making process is a practice known as employee participation or employee involvement. It refers to the inclusion of employees in the discussions, deliberations.
There are several benefits associated with involving employees in the decision-making process: Increased engagement: When employees have a voice and are involved in decision-making, they tend to feel more engaged and connected to their work and the organization.
Enhanced motivation and morale: Employee participation can boost motivation and morale as employees feel valued and empowered when their opinions and perspectives are considered in decision-making.
Better decision quality: Involving employees can lead to better decision outcomes by leveraging the diverse knowledge, skills, and experiences of the workforce. Employees on the front lines often possess valuable insights that can contribute to more informed and effective decisions.
Improved problem-solving: Collaborative decision-making encourages different perspectives and ideas, fostering creativity and innovation. This can lead to more comprehensive and innovative solutions to organizational challenges.
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what does revenue mean in accounting?
a. cash
b. profit
c. debit
d. customer sales
Answer:
b
Explanation:
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how to plan for a turbulent environment surrounding the current pandemic
Explanation:
The long-running debate between the ‘rational design’ and ‘emergent process’ schools of strategy formation has involved caricatures of firms' strategic planning processes, but little empirical evidence of whether and how companies plan. Despite the presumption that environmental turbulence renders conventional strategic planning all but impossible, the evidence from the corporate sector suggests that reports of the demise of strategic planning are greatly exaggerated. The goal of this paper is to fill this empirical gap by describing the characteristics of the strategic planning systems of multinational, multibusiness companies faced with volatile, unpredictable business environments. In-depth case studies of the planning systems of eight of the world's largest oil companies identified fundamental changes in the nature and role of strategic planning since the end of the 1970s. The findings point to a possible reconciliation of ‘design’ and ‘process’ approaches to strategy formulation. The study pointed to a process of planned emergence in which strategic planning systems provided a mechanism for coordinating decentralized strategy formulation within a structure of demanding performance targets and clear corporate guidelines. The study shows that these planning systems fostered adaptation and responsiveness, but showed limited innovation and analytical sophistication
In a short response of approximately 50 words, describe why you believe elected officials ' practice of appointing government employees based on reward or friendship works against the best interests of the nation .
Answer: The Constitution separates the three branches of power. So they have a checks and balances system. Each branch has specific powers and rights they use to help the people, and they require some type of collaboration from the other branches. They need some type of collaboration from other branches so they can gain too much power and keep all the branches balanced.
(62 words but it should do the job.)
Explanation:
1. Suppose that incomes have fallen on average, and that the state of Florida had an extremely favorable growing season for its orange crop. How would we expect that this will affect the supply curve and why? (The supply curve can remain static, the supply curve can shift to the left, we do not have enough information to say, or the supply curve will shift to the right)
Due to severe weather and a disease that affects citrus fruit, Florida's orange harvest is anticipated to fall to its lowest level since before World War II. Orange juice costs would rise as a result of this further reducing the state's already meager supply.
Where Florida is Located?Florida is a state located in the southeast region of the United States. It is bordered by the Atlantic Ocean and Bahamas to the east and southeast, Georgia to the north, Alabama to the north and northwest, the Straits of Florida to the south, and the Gulf of Mexico to the west.
The Atlantic Ocean and the Gulf of Mexico both border this state, making it unique. With approximately 21 million residents and a land size of 65,758 square miles, Florida is the 22nd-largest state in the nation by both population and area (170,310 km2).
The Miami metropolitan area, which is funded by Florida, is the state's largest metro area even though Jacksonville is the largest city in terms of area.
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SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack
seedbed preparation
activities
1.cleared the area
7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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Which of the following are incorporated in GAAP?
A. Requirements, policies, and ideals
B. Laws, regulations, and policies
C. Concepts, constraints, and principles
D. Mandates, laws, and ethics
True or False: Improving the process design can help both the firm's inventory turnover (how fast the inventory gets replaced) as well as the service experience. True False
Improving the process design can help both the firm's inventory turnover (how fast the inventory gets replaced) as well as the service experience is True.
Process design refers to the organization's ability to enhance the existing work process to make them more efficient. A well-organized work process makes the organization more productive and reliable, which, in turn, increases customer satisfaction.
And also, it helps to manage the inventory flow in a more efficient way, which leads to a faster replacement of the inventory, leading to a lower inventory cost, increased inventory turnover and higher profits.
So, we can say that improving the process design can help both the firm's inventory turnover (how fast the inventory gets replaced) as well as the service experience.
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four seasons why it is important for a novice entrepreneur to build positive relationships with customers
Answer:
1. Positive relationships with customers usually result in customer retention and repeat business.
2. Customers will generate leads by word of mouth and refer others to your business which is very important in the early business stages.
3. Customers will leave positive reviews of services and goods, increasing profitability and creditability.
4. Positive relationships with customers will create an emotional connection to the brand, and this will foster a business environment that is strong, constructive, and optimistic.
Explanation:
The people principle teaches that "People need People." It is essential to note that building positive relationships with people is necessary, not just customers. People have needs that transcend transitional relationships, and it is necessary to have an astute awareness of the underlining needs.
The reasons why it is crucial to form positive customer relationships as a novice entrepreneur are:
The keys to positive customer relationships are:
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Journal entry for paid telephone rent for the year by Cheque Rs. 500.
Answer:
telephone rent A/c. Dr. Rs.500
To bank A/c. Rs.500
(being telephone rent paid )
The journal entry of the payment of telephone expenses is that the telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque.
Here is the journal entry for paid telephone rent for the year by Cheque:
The journal entry to record the payment of telephone expenses by cheque is as follows:
Date Account Titles and Explanation Debit Credit
--------------------------------------------------------------------------------
2023-07-18 Telephone expenses $500
Bank $500
(To record the payment of telephone expenses by cheque.)
The telephone expenses account is a nominal account, which means that it is used to record expenses. The bank account is a real account, which means that it is used to record assets. The debit and credit entries are equal in amount, which means that the accounting equation is balanced. The journal entry is dated July 18, 2023, which is the date on which the payment was made. The explanation for the entry provides a brief description of the transaction.
In summary, the journal entry records the payment of telephone expenses by cheque. The telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque. The debit and credit entries are equal in amount, which means that the accounting equation is balanced.
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Building an organizational structure engages managers in two activities, job specialization and __________________________.
The activities which includes job specialization and departmentalization must be engaged by managers to build an organizational structure.
An organizational structure refers to the structure which pave way for division, organization and coordination of all organizational activities.
The managers must engage the job specialization by making sure that group of employee with a particular skill are placed in a department to ensure efficiency of operation.
The managers must engage the Departmentalization by grouping specialized activities into departments.
Therefore, in conclusion, the two activities which includes job specialization and departmentalization must be engaged by managers to build an organizational structure.
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the focus of the production era was on distribution and advertising. group of answer choices false true
False. The focus of the production era was on distribution and advertising is a false statement.
During the production era, the primary focus was on increasing production efficiency and meeting the high demand for goods, rather than on distribution and advertising. This era, which spanned from the Industrial Revolution until the 1920s, saw businesses primarily concentrating on manufacturing products in mass quantities. The assumption was that products would sell themselves due to the high demand, so businesses didn't emphasize distribution or advertising strategies. It wasn't until the sales era and the marketing era that followed, that companies started to put more effort into distribution, advertising, and understanding customer needs to stay competitive in the market.
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What is The movement of the economy from
one condition to another ohd bach again?
Answer:
Business Cycles is the right answer
Explanation:
are good oppurtunities always spotted quickly or they often left unrecognized ?
Answer:
often left unrecognised
Answer:
Spotted quickly
Explanation:
you two example when input GST cannot be set off against output GST...please say answer faster
Answer:
Explanation:
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The Two types of wills are:
- formal and holographic
- legal and fake
- formal and casual
- none of the above
Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT
The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.
What is the unemployment rate?It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.
In order to reduce it, the government can hire workers for a new project by using tax money
Therefore, option A can help in the reduction of the unemployment rate.
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differentiate between
Alkali metals and halogens
Halogens and inert gases.
How do political campaigns get their money?
The only source of funding for the public funding scheme and public campaign funding is the tax checkoff.
How does campaign funding work?Political candidates raise money to finance their campaigns and show the range of their support. Political party committees, political action committees, and individual donors can all contribute to campaigns.
Direct contributions to federal campaigns are prohibited from coming from businesses, labor unions, and membership organizations.
By setting up political action committees, they can have an impact on federal elections.
These committees enlist the support of members and associates in order to finance or contribute to campaigns. Federal restrictions apply to how much money PACs can raise and spend.
Taxpayers who decide to contribute directly to the Presidential Election Campaign Fund when filing their tax returns help finance some presidential campaigns.
To be eligible for these funds, candidates must consent to spending and fundraising restrictions.
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How does industrial education affect industries?
Answer:
Industrial education will help student to know and understand industry demand. ... First, adaptability is a skill will help students to know and understand industry work and world, such as how to use technology, follow all industry SOP, all new chalanges industry, etc. Second, communication is an important skills to had.
Thirsty Dog! Is a zesty beef-flavored, vitamin-enriched, mineral-loaded, lightly carbonated bottled water for your dog. It might have been a great product, but competition over shelf space was fierce and the product could not generate enough sales per square foot for retailers. The makers of this product had
true or false: a trade-off occurs when some quantity of production of a good is given up in order to produce another good.
Answer:true
Explanation:
A trade-off occurs when some quantity of production of a good is given up in order to produce another good. True.
What is trade off?Trade-off are the opportunities that are forgone when an economic agent decides to produce a good instead of other options. Economic agents should choose the option that minimises the trade-off of their decision.
For example, a producer is deciding either to produce bread, bagels or croissant. If the baker chooses to produce bread. The bagels and the croissant that would not be produces are referred to as the trade offs of his decision.
Studding trade-off in economics is important because it ensures that resources (e.g. time, money or factors of production) are being utilized maximally.
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How does the concept of scarcity affect economic decision making?
Answer:
The ability to make decisions comes with a limited capacity. The scarcity state depletes this finite capacity of decision-making. ... The scarcity of money affects the decision to spend that money on the urgent needs while ignoring the other important things which comes with a burden of future cost.
Read the following situation and decide whether or not anyone in the situation commits sexual harassment. Justify your judgement: “Kylie is Hector’s boss. Hector is attracted to Kylie and asks her on a date. Kylie, although flattered, turns Hector down. He feels a little hurt, but doesn’t bring it up again. Kylie, speaking with both male and female coworkers, describes Hector’s proposal and makes a joke about the lack of romantic prospects in his future. Hector hears about this conversation a week later.”
Answer:
Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.
Explanation:
on e2020
Answer:
Hector does not commit sexual harassment against Kylie when he asks her out. It is a one time event, and he does not push the issue. Kylie does not commit sexual harassment when she refuses Hector's proposal for a date. She does not demean him. Kylie does commit sexual harassment when she brings the incident up in the workplace. She speaks disparagingly of Hector's sexuality and it gets back to him. He can bring a sexual harassment claim against Kylie through his company.
Explanation: