According to the law of demand, other things being equal, the higher the price of an assigned textbook, the _______________ the quantity demanded of assigned textbooks will be, and the ______________ likely students will seek out an alternative to the assigned textbook.
Answers
According to the law of demand, other things being equal, the higher the price of an assigned textbook, the less the quantity demanded of assigned textbooks will be, and the more likely students will seek out an alternative to the assigned textbook.
Explain the paragraph about the law of demand?If the price is reduced, a good or service will sell more of them and be more in demand. A price that is excessively high will cause less demand for the good or service, which will result in lower sales.
One thing to bear in mind is equality; for the law of demand to continue to hold true, the goods or services being sold must be equal in all respects other than price.
Thus, it is less and more
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Related Questions
What makes a good backlog refinement session?
Answers
During the backlog refinement, you prefer to be positive a few key factors get tackled: Estimate the memories the use of story factors or T-shirt sizing.
Acceptance Criteria - Establish clear and measurable Acceptance Criteria for each User Story. Each consumer story have to absolutely convey the enterprise value.
What is the major objective for backlog refinement session?The intent of backlog refinement is to make certain that the backlog remains populated with objects that are relevant, distinct and estimated to a degree suitable with their priority, and in keeping with contemporary grasp of the undertaking or product and its objectives
Ongoing Product Backlog Refinement (PBR) is wished inside every Sprint to refine gadgets to be prepared for future Sprints. Key things to do of PBR are (1) splitting massive items, (2) clarifying objects until equipped for implementation except in addition “what” questions, and (3) estimating size, “value”, risks, and so forth.
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https://brainly.com/question/14789393#SPJ4all of the following will most likely improve the structure and effectiveness of an interview except . select one: a. asking candidates to describe themselves b. using the same questions for all candidates c. basing questions on actual job duties d. rating candidate answers against a scale
Answers
A. Asking candidates to describe themselves is least likely to improve the structure and effectiveness of an interview.
A fairly general question that might not give interviewer precise information about candidates' qualifications for the position is to ask them to describe themselves. Also, it could be a subjective topic that doesn't elicit uniform and similar responses from various candidates, making it challenging to accurately compare contenders. The efficacy of an interview can be improved, however, by utilising the same questions for all candidates, basing questions on actual job requirements, and scoring candidate replies against a scale.
While basing questions on actual job activities can help to guarantee that the questions are relevant to the job post, using the same questions for all candidates enables a uniform and consistent approach to evaluating prospects. Making sure that responses are reviewed consistently and impartially can be achieved by comparing potential answers to a scale.
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your company sponsors a 401(k) plan into which you deposit 10 percent of your $130,000 annual income. your company matches 75 percent of the first 10 percent of your earnings. you expect the fund to yield 10 percent next year. assume you are currently in the 31 percent tax bracket. a. what is your annual investment in the 401(k) plan? (round your answer to the nearest whole number. (e.g., 32)) b. what is your one-year return? (round your answer to 3 decimal places. (e.g., 32.161))
Answers
Annual investment in the 401(k) plan is $22,750 and One-year return $1,570.75
a. To calculate your annual investment in the 401(k) plan, we need to determine 10% of your annual income and calculate the maximum amount of matching contributions from your company.
10% of $130,000 = $13,000 (your contribution)
Your company matches 75% of the first 10% of your earnings, which means they will match 75% of $13,000, or $9,750.
Therefore, your total annual investment in the 401(k) plan is $13,000 + $9,750 = $22,750.
Rounding to the nearest whole number, your annual investment in the 401(k) plan is $22,750.
b. To calculate your one-year return, we can use the following formula:
One-year return = (Investment x Rate of return) x (1 - Tax rate)
where Investment is the total amount you invested in the 401(k) plan (which we calculated in part a), Rate of return is the expected rate of return of the fund (which is given as 10%), and Tax rate is your current tax rate (which is given as 31%).
Plugging in the numbers, we get:
One-year return = ($22,750 x 0.10) x (1 - 0.31) = $1,570.75
Rounding to three decimal places, your one-year return is $1,570.750.
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What can a boosted post help an advertiser achieve?
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A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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In a franchise arrangement, the _____________ is the business entity which sells the ______________ the right to use its trade secrets, trademarks and products to operate a business.
a. principal, partner
b. franchisor, franchisee
c. warrantor, warrantee
d. franchisee, franchisor
Answers
In a franchise arrangement, the franchisor is the business entity which sells the franchisee the right to use its trade secrets, trademarks and products to operate a business. The correct option is (b) franchisor, franchisee.
A franchise is a type of business that allows the owner (franchisee) to operate a business under the name of an existing company (franchisor). A franchisor is the company that provides the trade name, logo, and operational system, as well as the franchisee with assistance and support in exchange for a fee.
In a franchise arrangement, the franchisor is the business entity that sells the franchisee the right to use its trade secrets, trademarks, and products to operate a business.
The franchisor provides training, support, and operational procedures, as well as ongoing assistance and guidance to the franchisee. The franchisee, on the other hand, pays a fee and signs a contract that outlines the terms and conditions of the franchise agreement.
Thus, the franchisor is the business entity which sells the franchisee the right to use its trade secrets, trademarks and products to operate a business. The correct option is b.
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What button is used to format a table’s text to make it more interesting?
Answers
Then click the “Table Design” contextual tab in the Ribbon.
The preset table styles appear in a list in the “Table Styles” button group.
the table contains the supply and demand schedule for bluefin tuna. suppose all countries agree to limit tuna fishing to a total of 15,000 tons per year through a strictly enforced licensing program for fishermen. price per pound quantity demanded (tons) quantity supplied(tons) $11.80 12,000 27,000 $11.35 15,000 24,000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 at the new fishing quota, what is the quota rent per pound of bluefin tuna? $ suppose the average fisherman can catch 200,000 pounds of bluefin tuna every year ( 100 tons). what is the value of a bluefin tuna fishing license? $
Answers
We must first establish the demand equilibrium price under the new quota in order to calculate the rent per pound of bluefin tuna. Thus, a bluefin tuna fishing license is worth $90,000.
According to the table, the quantity given at a price of $10.00 per pound is equivalent to the quantity sought at a total fishing limit of 15,000 tons. As a result, under the new quota, the equilibrium price is $10.00 per pound.
In order to provide the fish, we must discover the difference between the equilibrium price and the minimal supply price. In this instance, 27,000 tons of tuna may be provided for the minimum supply price of $9.55 per pound. Thus, the price of the quota per pound of bluefin tuna is:
Quota Rent = Equilibrium Price - Minimum Supply Price
Quota Rent = $10.00 - $9.55
Quota Rent = $0.45 per pound
Value of Fishing License = Quota Rent per Pound x Amount of Tuna per License
Value of Fishing License = $0.45 x 200,000
Value of Fishing License = $90,000
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Correct Question:
The table contains the supply and demand schedule for bluefin tuna. suppose all countries agree to limit tuna fishing to a total of 15,000 tons per year through a strictly enforced licensing program for fishermen. price per pound quantity demanded (tons) quantity supplied(tons) $11.80 12,000 27,000 $11.35 15,000 24,000 $10.90 18,000 21,000 $10.45 21,000 18,000 $10.00 24,000 15,000 $9.55 27,000 12,000 at the new fishing quota, what is the quota rent per pound of bluefin tuna? $ suppose the average fisherman can catch 200,000 pounds of bluefin tuna every year ( 100 tons). what is the value of a bluefin tuna fishing license? $
2. A flexible tape with different type of measurements essential for taking
body measurements.
a. ruler
b. yard stick
c. hem gauge
d. tape measure
Answers
Hope this helps! ^^
Imagine a friend, who has a degree in business information management and certifications in IT, is looking for a job in a large multinational company or a consultancy firm. Research online and inform your friend about any three of the available career options and their related job descriptions.
Answers
Answer: Any 3 off of this list would work. My definitions were as close as I could make them.
Information Resource Manager
Development and organization of an organization's resources. Such as financial resources, inventory, skills, production resources, or information technology.
Business Analyst
Analyzes an organization or business domain and documents it's business, processes, or systems. Assessments are made on the business model, or it's integration with technology.
Support Specialist
Technical Support Specialists provide technical support to organizations by managing, maintaining, and troubleshooting their IT systems.
Technology Consultant
A technology consultant advises clients on how to best use IT practices to achieve their business objectives. A Technology consultant would also manage and implement strategies.
Systems Analyst
Uses analysis and design techniques to solve business problems using IT. They may serve as change agents who identify the organizational improvements needed, design systems to implement those changes, and train others to use the systems.
Answer:
I researched online and found the following career options in business information management. Here are the job descriptions for each of the three careers.
Information manager: An information manager is required to analyze and implement information solutions for companies. The job description includes the following tasks:
Provide information on the latest trends in information management.
Develop and maintain online portals on information management.
Analyze information and implement solutions based on the analysis.
Provide training to those who use the implemented information.
Attend review meetings on information management and contribute ideas/opinion.
Update one’s own knowledge on information management by attending seminars and work groups.
IT consultant: IT consultants advise managers on how to develop new IT-enabled solutions. The job description includes these tasks:
Assess the performance of existing business systems.
Draw up strategic plans and implement new business processes.
Train employees on implemented IT solutions/business processes.
Propose solutions for organizations that want to improve their software systems.
Install data networks and provide support for troubleshooting.
Management trainee: Management trainees usually follow a two-year “on the job” training and continue their career in a management position. Their job description includes these tasks:
Perform tasks in response to instructions from seniors.
Get trained on the allotted work and department.
Track own performance progress and set performance goals.
Get acquainted with operations, management system, and company policies.
Explanation:
PLATO
AT & T, MCI, Verizon and, Sprint control approximately 80 percent of the $16
billion international long-distance telephone service market. These companies operate in a(n)
Monopoly
Cross-market
Pure competition position
Monopolistic competition
Answers
AT&T, MCI, Verizon, and Sprint controlling approximately 80 percent of the $16 billion international long-distance telephone service market indicates that these companies operate in a oligopoly market structure.
An oligopoly refers to a market situation where a few large firms dominate the industry and have significant control over the market. In this case, the presence of four major companies controlling a significant portion of the market suggests limited competition and substantial market power. While the term "monopoly" implies the dominance of a single company, the presence of multiple major players in this scenario rules out pure monopoly. Cross-market refers to the diversification of companies across multiple industries, which is not directly applicable here. Pure competition involves a large number of small firms with no single dominant player, which is not the case with these four companies. Hence, the most appropriate term to describe the market structure in this situation is an oligopoly.
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question content areathe high-low method: a.has the advantage of subjectivity. b.has the advantage of objectivity. c.is not affected by the presence of outliers. d.is the most accurate cost estimation method.
Answers
The high-low method has the advantage of objectivity.
One way for calculating costs is the high-low strategy. Regression Analysis is the alternative technique that is frequently used in comparability. The High-Low approach for identifying the fixed and movable costs of a business or organization. The greatest degree of activity and the smallest degree of activity is used in the high-low technique to compare the total costs at each level.
The high-low method has the benefit of objectivity. This asserts that two people using it on a specific set of information will provide the same result. It is a simple method for separating fixed and variable costs. Cost accountants may rapidly and simply determine information about cost behavior using only two data values and basic algebra.
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What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers.
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority.
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers.
D. A market economy is determined by consumers and a command
economy is determined by central authority.
Answers
Answer:
D: A market economy is determined by consumers and a command
economy is determined by central authority.
Explanation:
Because command economy the government own the factors of production such as land, capital, and resources.
true or false,Social (group)coupons are a type of promotion that offers immediate consumer reward and encourages repeat purchases
Answers
The given statement "social (group) coupons are a type of promotion that offers immediate consumer rewards and encourages repeat purchases" is true because these coupons are typically offered on platforms like Groupon or LivingSocial and provide customers with discounted deals.
By incentivizing consumers with instant savings, social coupons aim to boost customer engagement, drive sales, and foster loyalty, leading to repeat purchases in the future.
Social coupons, such as Groupon and LivingSocial, offer immediate discounts and incentives to consumers while also encouraging them to return for future purchases. This type of promotion can be an effective way to build customer loyalty and increase sales.
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Diamond Construction is an owner-managed entity with contracting revenues of $20 million in 2023. As
construction is a labour-intensive industry, one of Diamond's largest expense accounts is labour and wages. You
are a first-year auditor at Klein and Partners. You have been given the following information regarding the
entity's payroll process for hourly employees at Diamond Construction:
1. The owner-manager is the only person who can authorize the hiring of a new employee.
2. When a new employee is hired, the payroll clerk prepares a new employee package that includes:
• safety orientation
• tax forms
benefits plan enrolment
3. Only the payroll manager has the ability to update the employee master list. This can only be done once the
tax forms, a void cheque with direct deposit information, and the owner's approval have been received. All
forms need to be returned before the payroll manager will update the payroll master list and add any new
employees.
4. Hourly employees are paid biweekly.
5. Hours worked are tracked on time cards. Supervisors fill in the time cards for each individual day and
initial each of the time cards, noting the hours worked.
6. At the end of the pay period, time cards are provided to the payroll clerk, who compiles the total hours
worked and codes the hours to the appropriate job number. Once compiled, the payroll clerk enters the
hours worked per person in the payroll system.
7. The accounting system prepares the direct deposit information based on the rates of pay maintained in the
payroll master list (listing of all authorized staff and approved wage rates). It also calculates the
withholding taxes.
8. This information is transferred to the bank and a record of the transmission is printed and attached to the
front of the payroll run.
9. The payroll module is integrated with the general ledger. The payroll clerk prepares and posts the journal
entry to the payroll expense accounts.
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[3:04 PM, 8/3/2022] Fariya Idrees: 4. Hourly employees are paid biweekly.
5. Hours worked are tracked on time cards. Supervisors fill in the time cards for each individual day and
initial each of the time cards, noting the hours worked.
6. At the end of the pay period, time cards are provided to the payroll clerk, who compiles the total hours
+
worked and codes the hours to the appropriate job number. Once compiled, the payroll clerk enters the
hours worked per person in the payroll system.
7. The accounting system prepares the direct deposit information based on the rates of pay maintained in the
payroll master list (listing of all authorized staff and approved wage rates). It also calculates the
withholding taxes.
8. This information is transferred to the bank and a record of the transmission is printed and attached to the
front of the payroll run.
9. The payroll module is integrated with the general ledger. The payroll clerk prepares and posts the journal
entry to the payroll expense accounts.
10. Pay stubs with payroll details are given to the supervisors for distribution.
11. If an employee is terminated, Diamond just stops paying them as they no longer have time cards submitted.
12. When an employee has been promoted or their job classification has changed, the supervisor will verbally
communicate this to the payroll manager, who will then update the payroll master file. Therefore, source
documentation in employee files will only relate to an employee's original job classification. The rationale
for this was that most job classification changes would only result in an additional dollar or two per hour
paid to the employee.
Required
a. Identify the control strengths of the payroll process at Diamond Construction. For each strength, identify
what the test of that control could be.
b. Identify the control weaknesses of the payroll process at Diamond Construction. For each weakness,
identify the implications of the weakness and recommend how to improve it.
PLEASE ANSWER PART B ASAP THANKS YOU
Answers
Control weaknesses increase the risk of payroll errors, inaccurate payments, and potential fraudulent activities. It also undermines the integrity and reliability of the payroll process, which can impact employee morale and trust in the company.
1. Lack of segregation of duties: The payroll clerk has the ability to update the employee master list, compile total hours worked, and enter hours into the payroll system. This lack of segregation of duties increases the risk of errors or fraudulent activities going undetected.
2. Manual time card tracking: Supervisors fill in the time cards for each day and initial them, noting the hours worked. This manual process is susceptible to errors or manipulation.
3. Lack of documentation for job classification changes: When an employee's job classification changes, there is no source documentation in their employee file. This lack of documentation increases the risk of errors or misunderstandings regarding pay rates
Recommendations to improve the weaknesses: Diamond Construction should implement the following measures:
1. Segregate duties: Assign different individuals to handle tasks such as updating the employee master list, compiling hours worked, and entering hours into the payroll system. Implement a review process to ensure accuracy and detect any errors or irregularities.
2. Implement automated time tracking: Replace manual time card tracking with an automated system that accurately records and tracks employee hours. This will reduce the risk of errors and fraudulent time entries.
3. Document job classification changes: Establish a formal process to document and communicate job classification changes. Maintain accurate records of changes in employee files and ensure that payroll calculations are based on the correct job classifications.
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Business Math!
Your budget says that savings should be 11% of income. If you earn $1,500.00 a month, how much should
you save in a year?
$1.880.20
$1,880.00
$1,780.00
$1,980.00
Answers
Answer:
$1,980.00
Explanation:
$1,500.00 * 0.11 = $165.00
$165.00 * 12 months = $1,980.00
You should save $1,980.00 in a year.
the change in direction for labor demand will be reliant upon whether labor and capital are production ______.
Answers
The change in direction for labor demand is indeed reliant upon whether labor and capital are production complements.
Complementary goods and services are those that are used together to produce a particular good or service. In the case of labor and capital, they are considered complementary goods because they are both necessary to produce goods and services efficiently.
When labor and capital are production complements, they have a positive relationship, meaning an increase in one will lead to an increase in the other. This implies that firms that require more capital will also need more labor to use that capital effectively.
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Answer the qwustion and show your work and provide a detailed
explanation as to why that answer is correct (letter d is wrong).
Answers
The question asks for an explanation of the given question.
The given question requests an explanation, which means providing a detailed account or description of the question. In this context, an explanation would involve breaking down the components of the question, examining its structure, and offering insights into its purpose and relevance.
Explaining a question typically involves analyzing its underlying concepts, identifying any key terms or assumptions, and providing a clear and comprehensive response that addresses the question's intent. It often requires breaking down complex ideas into simpler terms, providing examples or evidence to support the answer, and ensuring the response is logical and coherent.
By explaining the given question, we can enhance understanding, clarify any uncertainties, and provide a thorough response that satisfies the inquiry. It allows for a deeper exploration of the topic at hand and provides the necessary context for a meaningful and informed discussion.
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Why is the automobile industry considered an oligopoly?
It offers little differentiation within the market.
It has significant barriers to entry.
It is controlled by companies that patent key technology.
It relies on price variation to attract customers.
It depends on brand loyalty and image to generate sales.
It is dominated by a few key players.
Answers
The reasons that the automobile industry is an oligopoly in market economics are because of B. It has significant barriers to entry and F. It is dominated by a few key players.
An oligopoly is a market condition where the possibility of firms colluding with each other exists.Firms in this market are interdependent, especially with regards to pricing.
Oligopolistic firms differentiate their products, and they have few producers.There are barriers to entry.
Thus, an oligopoly limits entries to a few key players who dominate the market.
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Answer:
B: It has significant barriers to entry.
E: It depends on brand loyalty and image to generate sales.
F: It is dominated by a few key players.
4. What is the law of demand?
Answers
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.
can somebody make a summary of a article about what it takes to give good customer service??? PLEASE i only need like 4-5 sentances
Answers
Answer:
Customer service sets great businesses apart from the rest. Customers are the reason that businesses exist. Keeping those customers happy means being responsive to their needs and wants. A good customer service experience can turn a one-time customer into a lifelong repeat customer. People like to share their good experiences. Excellent customer service can turn into positive word of mouth.
infinite combinations of ideas can be expressed in human language. in other words, human language is ______.
Answers
Human language can be described as "generative" or "productive." this means that human language allows for the creation and communication of an infinite number of unique ideas, thoughts, and expressions.
infinite combinations of ideas can indeed be expressed in human language. unlike other forms of animal communication that may be limited in scope and usage, human language has a rich and flexible structure that enables the combination of words, grammar, and syntax to convey a wide range of meanings and concepts. through the use of language, humans can express complex thoughts, emotions, abstract concepts, and communicate across various domains such as literature , science, philosophy, and everyday conversation. the capacity for infinite combinations of ideas is a unique feature of human language and is fundamental to our ability to express and share information, knowledge, and experiences.
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What factors influences a buyer to make purchasing decisions?
Answers
Answer:
Product/Service Reviews.
Peer Recommendations.
Social Media.
Psychological Factors
Social Factors
Cultural Factors
Economic factors
Personal factors
Explanation:
george has a weekly income (i) of $50 which he uses to purchase donuts (d) and coffee (c). the price of a donut is $1 and the price of coffee is $2.50. suppose george experiences a decrease in his income to $25 while the prices of donuts and coffee each fall by one-half their initial prices. one would expect that george's budget line would:
Answers
One would anticipate that George's budget line would move to the right while the cost of coffee and donuts both decrease by half from their initial costs.
A budget line represents the most items that can be combined into one purchase if a person uses all of his income. One would anticipate that George's budget line would move to the right while the cost of coffee initial costs and donuts both decrease by half from their initial costs.
$50 is George's weekly take-home pay.
With this money, he buys coffee and donuts.
A donut costs one dollar, and a cup of coffee costs two fifty cents.
George will be able to buy more coffee and donuts as soon as his budget income reaches $100 because coffee's price won't change.
As a result, the budget line will move to the right, showing an increase in initial costs the number of items George can afford.
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The highest salaries and highest foreseeable level of future demand are most likely to be open to
A. STEM professionals
B. tradespeople
C. liberal arts professionals
D. human services professionals
Answers
The highest salaries and the highest foreseeable level of future demand are most likely to be open to tradespeople.
Who are the tradespeople?This is the term that is used to refer to the people that are specialized in a particular trade.
Due to the fact that there is an ever rising demand for trade, these people would have the greatest future salary.
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Answer: A.
Explanation:
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Answers
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Match the correct economic terms to their description
Answers
Answer:
monetary policy -- Federal government's way of influencing the economy through taxes.
factor market -- A market where firms buy services related to production.
product market -- A market where finished goods and services are traded.
fiscal policy -- Federal reserve's tool to influence the money supply in the economy.
Answer:
monetary policy - Federal reserve's tool to influence the money supply in the economy
factor market - A market where firms buy services related to production
product market - A market where finished goods and services are traded
fiscal policy - Federal government's way to influence the economy through taxes
how should the organization keep track of the number of candy bars ordered and the number sold
Answers
When a business answers the question of where to compete, it is determining ___. Multiple choice question. corporate strategy business strategy a marketing plan differentiation
Answers
In a situation where a business answers the question of where to compete, it is determining: Corporate strategy.
What is Corporate strategy?Corporate strategy can be defined as the plan put in place so as to achieve the strategic set goal.
Most companies or organizations tend to make use of corporate strategy so as to create a selling plan advantage that will enables them to increase their sales thereby generating more revenue.
Inconclusion In a situation where a business answers the question of where to compete, it is determining: Corporate strategy.
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