Answer:
its 4
Explanation:
..
Explain why you have to pay late fees with a credit card, but not with a debit card?
Answer:
because a credit card you are taking loans from your bank company but with a debit card it's the money you're putting on the card
When people use a credit card, their bank gives you loans, however when you use a debit card, it's your own money that gets put on the card.
What is debit card?A form of plastic money or currency is a debit card. You can use it to make purchases even when you don't have any cash. Savings account holders typically receive a debit card that is linked to their account from banks. Every transaction performed with your debit card is detailed in your bank statement.
When you use a debit card to make a purchase, the money is almost immediately taken out of your checking account to pay for the goods. The money will be charged to your line of credit when you use a credit card, providing you more time to make the payment because it will be due later.
Thus, When people use a credit card, their bank gives you loans.
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true or false: if close substitutes are available for a particular good, then the demand for that good will be less elastic than if only distant substitutes are available.
False. In the presence of near substitutes, demand is more elastic.
Do more replacements make the elastic stronger?According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.
Alternatives — more or less elastic?The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.
How are replacement products related to demand elasticity?Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.
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What is a AWS management console?
The AWS management console is a web-based interface used to manage and monitor Amazon Web Services (AWS) resources. It is designed to help AWS users manage their resources in a secure, efficient, and user-friendly way. The AWS management console provides a single place for users to access and manage their AWS services, making it easier to control their infrastructure and applications.
The AWS management console allows users to perform various tasks, such as launching new instances, creating and managing virtual private clouds (VPCs), managing storage and databases, and monitoring their resources. Users can also access the AWS management console to manage their billing and cost optimization, as well as to view their resource utilization and performance.
In addition to these management tasks, the AWS management console also provides a range of tools and features to help users improve the security and reliability of their AWS resources. For example, users can use the AWS management console to set up access controls and manage security groups, as well as to monitor their resource utilization and performance.
The AWS management console is accessible from any internet-connected device and can be used from anywhere in the world, making it a convenient tool for AWS users to manage their resources. AWS also provides a range of training and support resources to help users get the most out of the AWS management console and their AWS services.
In conclusion, the AWS management console is a web-based interface designed to help AWS users manage and monitor their resources. It provides a single place for users to access and manage their AWS services, making it easier to control their infrastructure and applications. The AWS management console is an essential tool for AWS users and provides a range of features and tools to help users improve the security, reliability, and efficiency of their resources.
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lark owns 10% of baltic corp., a calendar year-end c corporation. on june 30, year 2, baltic made a $250,000 pro-rata cash distribution to its stockholders. baltic had a $40,000 deficit in accumulated earnings and profits on january 1, year 2, and current earnings and profits for year 2 as follows: 1st quarter $110,000 2nd quarter ($10,000) 3rd quarter $80,000 4th quarter $60,000 $240,000 what portion of lark's june 30 distribution would be classified as a nontaxable return of capital, assuming that lark's tax basis in baltic stock is $20,000?
Lark will need to report the $25,000 distribution as dividend income on their tax return.
To determine the portion of Lark's June 30 distribution that is classified as a nontaxable return of capital, we need to first calculate the accumulated earnings and profits (AE&P) of Baltic Corp. as of June 30, year 2:
AE&P as of Jan 1, year 2: $40,000 deficit
Plus: Current year earnings and profits: $240,000
AE&P as of June 30, year 2: $200,000
Since Baltic Corp. made a $250,000 pro-rata cash distribution to its stockholders, we can assume that Lark received $25,000 (10% of $250,000). The portion of this distribution that is classified as a nontaxable return of capital is calculated as follows:
Nontaxable distribution = Tax basis in stock x (Distribution - AE&P)
Tax basis in stock = $20,000
Distribution = $25,000
AE&P = $200,000
Nontaxable distribution = $20,000 x ($25,000 - $200,000) = $0
Since Lark's tax basis in Baltic Corp. stock is only $20,000, and the distribution of $25,000 is greater than the AE&P of $200,000, the entire distribution will be treated as a taxable dividend to Lark. Lark will need to report the $25,000 distribution as dividend income on their tax return.
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All of the following actions lead to the payment of a credit card fee EXCEPT... Using your credit card to get cash from an ATM. Using your credit card to purchase items in a foreign country. Paying your credit card bill ten days after the Due Date. Paying your credit card bill in full and on time every month.
Answer:
Paying your credit card bill in full and on time every month.
Explanation:
The other choices will most likely prompt a fee to be charged.
how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
Brooke negotiates with the prison inmates she supervises.
Ami is comfortable working alone and making decisions in her work as a Private Detective.
Reed thinks of creative solutions for defending a client in court.
Vincenzo attends college for many years and earns a juris doctor degree.
Shameka watches for unusual activities and signs of danger as she guards a bank building.
Teddy is a Lifeguard who uses his strength to pull a person out of the water.
Answer:
2,5,6
Explanation:
Ami,shameka,teddy
Answer:
2,5,6
Explanation:
You need $76,000 in 11 years. If you can earn .43 percent per month, how much will you have to deposit today?
Answer:
$ 43,135.67
Explanation:
The amount required today is the present value of the future expected amount in 11 years computed using the present value formula below:
PV=FV/(1+r)^n*m
PV=the unknown present value
FV=$76,000
r=monthly interest rate=0.43%
n=number of years=11
m=number of months in 1 year=12
PV=$76,000/(1+0.43%)^(11*12)
PV=$76,000/(1+0.43%)^132
PV=$76,000/1.761883042
PV=$ 43,135.67
Suppose a country decides to abandon paper currency and coins, and to adopt eggs as its national currency. Analyze the wisdom of this decision. Base your reasoning on each of the three uses of money.
While eggs may have some value as a commodity, using them as a national currency would not be wise. There are several reasons why eggs are not a suitable replacement for paper currency and coins.
Medium of exchange: Eggs would not be a practical medium of exchange. Eggs are fragile and can easily break, making them difficult to transport and store. They are also perishable and have a limited shelf life, which would create logistical problems for businesses and consumers.
Unit of account: Eggs would not be a stable unit of account. The price of eggs can fluctuate greatly depending on factors such as supply and demand, weather conditions, and disease outbreaks. This volatility would make it difficult for businesses to plan and make long-term investments.
Store of value: Eggs would not be a reliable store of value. As mentioned above, eggs are perishable and have a limited shelf life. They also require careful storage and handling to prevent spoilage. In addition, the value of eggs could be subject to sudden and unpredictable shifts in the market, which would make them a risky investment.
In conclusion, while eggs may have some value as a commodity, using them as a national currency would be unwise due to their fragility, volatility, and perishability. A currency needs to be a practical medium of exchange, a stable unit of account, and a reliable store of value, and eggs do not meet these criteria.
according to william​ nordhaus, what is one of the main flaws of​ economists’ attempts to measure changes in living​ standards?
One of the main flaws of economists' attempts to measure changes in living standard, according to William Nordhaus, is the difficulty in accurately accounting for changes in the quality and availability of goods and services over time.
One of the main flaws of economists' attempts to measure changes in living standards, according to William Nordhaus, is that they often fail to account for changes in the quality of goods and services over time. For example, economists may fail to consider how improvements in technology or access to new services have improved the quality of life for individuals, families, and communities.
Furthermore, economists tend to focus on economic growth as the primary measure of living standards, but this overlooks other important aspects of life such as leisure, health, and education.
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Investments in Stock Trendy Supercenter occasionally finds itself with excess cash to invest and consequently entered into the following transactions during 2012:
Jan. 15: Purchased 100 shares of BMI common stock at $130 per share, plus $250 in commissions.
May 23: Received dividends of $1 per share on the BMI stock.
June 1: Purchased 200 shares of MG stock at $60 per share, plus $300 in commissions.
Oct. 20: Sold all of the BMI stock at $140 per share, less commissions of $400.
Dec. 15: Received notification from MG that a $0.75-per-share dividend had been declared. The checks will be mailed to stockholders on January 10, 2013.
Required Identify and analyze all transactions on the books of Trendy Supercenter during 2012, including any necessary adjustment on December 15 when the dividend was declared.
The transactions entered into during 2012 are as follows:
1. Jan. 15: Dr investment account for $13,250 and Cr cash account $13,250.
2. May 23: Dr cash account $100 and a credit to the dividend income account for $100.
3. June 1: debit to the investment account for $12,300 and a credit to the cash account for $12,300.
4. Oct. 20: debit to the cash account for $13,600 and a credit to the investment account for $13,600.
5. Dec. 15: debit to the dividend receivable account for $150 and a credit to the dividend income account for $150.
The transactions that Trendy Supercenter entered into during 2012 are as follows:
1. Jan. 15: Purchased 100 shares of BMI common stock at $130 per share, plus $250 in commissions. This transaction is recorded as a debit to the investment account for $13,250 ($130 x 100 + $250) and a credit to the cash account for the same amount.
2. May 23: Received dividends of $1 per share on the BMI stock. This transaction is recorded as a debit to the cash account for $100 ($1 x 100) and a credit to the dividend income account for the same amount.
3. June 1: Purchased 200 shares of MG stock at $60 per share, plus $300 in commissions. This transaction is recorded as a debit to the investment account for $12,300 ($60 x 200 + $300) and a credit to the cash account for the same amount.
4. Oct. 20: Sold all of the BMI stock at $140 per share, less commissions of $400. This transaction is recorded as a debit to the cash account for $13,600 ($140 x 100 - $400) and a credit to the investment account for the same amount. The difference between the sale price and the original cost of the investment, $350 ($13,600 - $13,250), is recorded as a gain on the sale of investments.
5. Dec. 15: Received notification from MG that a $0.75-per-share dividend had been declared. The checks will be mailed to stockholders on January 10, 2013. This transaction is recorded as a debit to the dividend receivable account for $150 ($0.75 x 200) and a credit to the dividend income account for the same amount.
The transactions on the books of Trendy Supercenter during 2012 include the purchase and sale of investments, the receipt of dividends, and the declaration of a dividend. Each transaction is recorded as a debit and credit to the appropriate accounts, with any gains or losses on the sale of investments also being recorded.
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The BEST explanation of why there will always be scarcity is because
answer choices
O people and their tools are inefficient.
O natural disasters created by frequent shortages.
O governments create scarcity to keep people wanting more.
O while peoples' wants are unlimited, resources are limited.
Resources are limited compared to the level of demand. The discrepancy between people's seemingly limitless needs and the available resources in the economy is known as scarcity, and it is considered to be a problem for the economy.
When there is an imbalance between the demand for a resource's limited supply and the supply, it is referred to as scarcity or paucity in economics. Theoretically, human demands are limitless, but there are only so many resources available, therefore there will always be some level of scarcity. A restricted supply of an item causes a mismatch between the anticipated supply and demand equilibrium, according to the scarcity principle, a theory of economics.
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Your organization employs highly skilled workers whose professional norms guide their behavior and decisions. What organizational structure should you use?.
You should use flexible structure if Your organization employs highly skilled workers whose professional norms guide their behavior and decisions.
Flexible structure:
Highly skilled workers prefer autonomy and less supervision. As a result, a more adaptable structure will benefit them. Their creativity will be stifled by a hierarchical and centralised structure.
Flexible business structures are those that emerge within a company as a result of the interactions between employees during normal business operations and the current employee relations.
In order to acquire an edge and maintain its competitive position, a flexible organisation is one that can quickly adjust to changes in its external environment.
The team structure is the most adaptable organisational structure, second only to the network structure. Employee teams that bring expertise to particular objectives or work processes form the foundation of the organisation.
So, the right answer is Flexible Structure.
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you would like to retire on $1,500,000. you plan on a 6% annual investment rate and will put away $9,000 twice a year at the end of each semi-annual period. how long before you can retire? round to the nearest year.
You would like to retire on $1,500,000. You plan on a 6% annual investment rate and will put away $9,000 twice a year at the end of each semi-annual period. It will take 14.5 years to retire with $1,500,000.
The number of years it will take to retire with $1,500,000,
\(FV = Pmt x [(1 + r/n)^(n x t) - 1] / (r/n)\)
FV is the future value of the annuity (the amount you want to retire with)
Pmt is the amount of each semi-annual payment ($9,000)
r is the annual investment rate (6%)
n is the number of times the interest is compounded per year (2, since the payments, are made semi-annually)
t is the number of years until retirement (what we want to find)
Plugging in the values, we get:
\(1,500,000 = 9,000 x [(1 + 0.06/2)^(2 x t) - 1] / (0.06/2)\)
\(1,500,000 = 9,000 x [1.03^(2t) - 1] / 0.031,500,000 x 0.03 = 9,000 x [1.03^(2t) - 1]45,000 = 9,000 x [1.03^(2t) - 1]1.03^(2t) - 1 = 51.03^(2t) = 6\)
Taking the natural logarithm of both sides:
\(2t x ln(1.03) = ln(6)t = ln(6) / (2 x ln(1.03))t ≈ 14.5\)
Therefore, it will take approximately 14.5 years (rounded to the nearest year) to retire with $1,500,000.
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Derek will deposit $1,570. 00 per year for 21. 00 years into an account that earns 9. 00%, The first deposit is made next year. How much will be in the account 36. 00 years from today?
Derek will deposit $1,202. 00 per year for 22. 00 years into an account that earns 13. 00%, The first deposit is made next year. He has $11,573. 00 in his account today. How much will be in the account 50. 00 years from today?
Scenario 1: the account will have approximately $331,135.57 in it 36 years from today. Scenario 2: the account will have approximately $3,872,299.41 in it 50 years from today.
How to determine how much deposit $1,570. 00 per year for 21. 00 years into an account that earns 9. 00%To calculate the future value of the account in both scenarios, we can use the formula for compound interest:
Future Value = Present Value * (1 + Interest Rate)^Number of Periods
Let's calculate the future value in each case:
Scenario 1:
Derek will deposit $1,570.00 per year for 21.00 years into an account that earns 9.00%. The first deposit is made next year. We need to calculate the future value after 36.00 years.
Given:
Annual deposit = $1,570.00
Interest rate = 9.00%
Number of years = 36.00
Number of deposits = 21.00
First, let's calculate the total amount of deposits made over the 36-year period:
Total deposits = Annual deposit * Number of deposits = $1,570.00 * 21.00 = $32,970.00
Next, let's calculate the future value of the account using the compound interest formula:
Future Value = Total deposits * (1 + Interest rate)^Number of years = $32,970.00 * (1 + 0.09)^36 ≈ $331,135.57
Therefore, the account will have approximately $331,135.57 in it 36 years from today.
Scenario 2:
Derek will deposit $1,202.00 per year for 22.00 years into an account that earns 13.00%. The first deposit is made next year. He currently has $11,573.00 in his account. We need to calculate the future value after 50.00 years.
Given:
Annual deposit = $1,202.00
Interest rate = 13.00%
Number of years = 50.00
Current account balance = $11,573.00
First, let's calculate the total amount of deposits made over the 50-year period:
Total deposits = Annual deposit * Number of deposits = $1,202.00 * 22.00 = $26,444.00
Next, let's calculate the future value of the account using the compound interest formula:
Future Value = Current account balance + Total deposits * (1 + Interest rate)^Number of years = $11,573.00 + $26,444.00 * (1 + 0.13)^50 ≈ $3,872,299.41
Therefore, the account will have approximately $3,872,299.41 in it 50 years from today.
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Structured and semi-structured interviews were developed to address what main problem? 1. Clinicians and researchers had tremendous difficulty in making consistent and accurate diagnoses of mental disorders with unstructured clinical interviews 2. The DSM used during development of structured interviews was not field trialed and resulted in disorders with weak validity 3. Insurance companies did not cover visits with diagnoses resulting from a structured interview 4. None of the above
Structured and semi-structured interviews were primarily developed to address the main problem of clinicians and researchers having tremendous difficulty in making consistent and accurate diagnoses of mental disorders with unstructured clinical interviews option (1).
Unstructured clinical interviews lacked standardized procedures, leading to variability in the way questions were asked and information was gathered. This lack of structure made it challenging to compare and analyze data across different interviews and clinicians, resulting in inconsistent diagnoses and decreased diagnostic reliability.
Structured interviews were designed to overcome this problem by providing a standardized set of questions and a systematic approach for gathering information. These interviews typically include a predetermined set of questions with specific response options, ensuring consistent data collection across different interviewers and settings. By using a structured format, clinicians and researchers can obtain more reliable and valid diagnostic information, leading to improved consistency in diagnosing mental disorders.
The other options mentioned in the question are not the main problems that structured and semi-structured interviews were developed to address. While the DSM's field trialing and insurance coverage are relevant considerations, they are not the primary reasons for the development of structured interviews.
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when deciding whether to sell as is or process a product further, mangers should ignore which of the following? A.The revenue if the product is sold as is
B.The cost of processing further
C.The costs of processing the product thus far
D.The revenue if the product is processed further
please choose one of the multiple choice.
When deciding whether to sell as is or process a product further, the managers should ignore the revenue if the product is sold as is. Hence, option A is the correct answer.
Further processing refers to the process of turning raw materials into finished or semi-finished goods. The finished goods are then marketed and distributed by the organization, while the semi-finished products are sold to other manufacturers or processed further.Processing of a product involves incurring additional expenses such as labor costs, material costs, processing costs, and transportation costs, etc., to improve the quality and value of the final product. Hence, cost of processing further and the costs of processing the product thus far are the important considerations when deciding whether to sell as is or process a product further. And, revenue if the product is processed further should also be taken into account while making the decision.
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question 6 a retail store runs a special sale with the goal of increasing sales over the holiday season. they use the increase in sales over the same month last year as a starting point. what type of goal is this an example of?
The retail store's goal of increasing sales over the holiday season by using the increase in sales over the same month last year as a starting point is an example of a comparative goal.
A comparative goal involves setting a target based on a comparison with a previous period or benchmark. In this case, the retail store is using the increase in sales over the same month last year as the starting point for their goal.
By comparing the current month's sales to the sales from the previous year, the store aims to achieve a higher level of sales during the holiday season.
Comparative goals are commonly used in business settings as a way to track progress, measure performance, and drive improvement. They provide a reference point for evaluating success or identifying areas that need improvement.
In this scenario, the retail store is looking to surpass the sales figures from the previous year, indicating growth and increased performance.
Setting comparative goals offers several advantages. Firstly, they provide a clear and measurable target that is based on historical data, making it easier to track progress and evaluate success.
Secondly, comparative goals can serve as motivation for employees and teams by challenging them to outperform previous achievements. Finally, comparative goals can provide valuable insights into trends and patterns in performance, helping organizations make informed decisions for future strategies and planning.
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what is the main aim of business office
Answer:
the main aim is to aim for correct and fast work
Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35? Help please!
Answer:
Yes I think those over 35 invest in a market compared to people not 35, because they been though school, and have more experience in the market company.
Explanation:
Which of the following characteristics is least unique to a market system?
A. the widespread use of money
B. freedom of enterprise and choice
C. private ownership of property resources
D. competition among buyers and sellers pursuing monetary returns
The characteristic least unique to a market system is the widespread use of money.
While all the characteristics listed (widespread use of money, freedom of enterprise and choice, private ownership of property resources, competition among buyers and sellers pursuing monetary returns) are important aspects of a market system, the widespread use of money is the least unique. Money is a medium of exchange that facilitates transactions in various economic systems, not just in market systems. Other economic systems, such as command economies, may also utilize money for transactional purposes. In contrast, the remaining characteristics (freedom of enterprise and choice, private ownership of property resources, competition among buyers and sellers pursuing monetary returns) are more closely associated with the fundamental principles and dynamics of a market system.
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3. Principal remaining Shogo has just started to repay his student loan at $274 a month. His monthly statement indicates he has 43 payments remaining, and the interest rate is 9.75%, compounded monthly. Calculate the amount of principal left on Shogo's loan
To calculate the amount of principal remaining on Shogo's loan, we can use the amortization formula:
P = A * [(1 - (1 + r)^(-n)) / r]
Where:
P = Principal remaining
A = Monthly payment amount
r = Monthly interest rate
n = Number of payments remaining
Given:
A = $274
n = 43
r = 9.75% per year / 12 months = 0.8125% per month
Plugging in the values into the formula:
P = $274 * [(1 - (1 + 0.008125)^(-43)) / 0.008125]
P ≈ $9,387.54
Therefore, the amount of principal remaining on Shogo's loan is approximately $9,387.54.
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Depreciation is recorded on the income statement as _____.
A. a revenue that reduces net income
B. an expense that reduces net income
C. a revenue that increases net income
D. an expense that increases net income
It should be noted that depreciation is recorded on the income statement as a revenue that reduces net income.
What is depreciation?Depreciation can be regarded as the diminution in the utility as well as the value that is been associated to an asset.
These fixed assets could be;
buildings furnitureoffice equipmentmachineryTherefore, option A is correct because depreciation is recorded on the income statement.
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Answer: Depreciation is an expense that decreases net income.
Explanation: Depreciation is an expense — that’s the whole point of it, it’s taking out your cost for a large expense that you use for multiple years over the lifetime of that asset, rather than all in one year. So it’s always an expense.
Any expense decreases your net income.
QED.
The dot plot shows the number of emails Aaron sent his cousin each week. Number of Emails Each Week A dot plot going from 0 to 5. 0 has 3 dots, 1 has 1 dot, 2 has 0 dots, 3 has 4 dots, 4 has 7 dots, 5 has 6 dots. Where is the gap in the data? 0 2 4 7
Answer:
2
Explanation:
Based on the information given the gap in the data is 2 reason been that if 0 has 3 dots, 1 has 1 dot, 3 has 4 dots, 4 has 7 dots and 5 has 6 dots while 2 has 0 dots which means that 0,1,3,4 and 5 all have dots excepts 2 which has 0 dots which simply indicate that the lack of dots that 2 has led to the gap or interval in the data which inturn means that the gap in the data can be found on 2 due to 0 dots or lack of dots.
Therefore the gap in the data is 2.
Answer:
2 of course
Explanation:
Karan has been given the task to create the concept for an ad that shows the company’s product as a solution to the customer’s needs. He has also been given the directive to keep the ad true and to avoid claiming anything that the product would not be able to do. Which advertising features has Karan been asked to adhere to his ad concept?
Karan has been asked to utilize the blank and blank features of advertisement.
Answer is given below:
Explanation:
When it comes to the number of workers to run a company and you need guidance and motivation to work with full diligence to get the best product ever. Hoping that he will start helping to motivate invoices and other ideas to be completed without risk, in the hope that it will bring more profit to the company.When you buy something in a store, you typically say “thank you”, and the salesperson also says “thank you.” Why are you both grateful for the trade of your money for their stuff?
Answer:
its normally not called being grateful, its normally either habit, or awkwardness and social anxiety
Explanation:
Answer: The salesperson is grateful for the money because now they can buy their own stuff. you are grateful for trading your money for the thing you wanted because you wanted the thing and nowyou are happy with it.
Explanation:
im not sure if this is right because there was no multiple choice but i tried. Gl on ur assigment :)
which pricing strategy involves setting a high introductory price and gradually lowering price as more customers enter the market?
The pricing strategy that involves setting a high introductory price and gradually lowering the price as more customers enter the market is known as a "price skimming" strategy.
With price skimming, a company aims to maximize initial profits by targeting early adopters or customers who are willing to pay a higher price for a new product or service. This strategy is often employed for innovative or unique offerings in the market. By gradually reducing the price, the company can capture additional market segments and increase sales volume.
Price skimming allows a company to recover initial development and marketing costs quickly, taking advantage of the willingness of certain customers to pay a premium for a novel product. However, it is important to note that this strategy may not be suitable for all products or industries, and its effectiveness depends on various factors such as market demand, competition, and the elasticity of demand for the product.
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When will the new Stranger Things season come out?
Possibly somewhere in early 2021. According to netflix.
Answer:
Around March 2021
Explanation:
Private data about employees or customers is considered what type of information?
Answer:
Personal
Explanation:
Workers don’t start the job at the same time and don’t get paid at the same wage.
if a manager has business transactions in one of the european union (eu) countries and wants to terminate an agency relationship, he or she would want to have knowledge of which of the following?
If a manager conducting business transactions in one of the European Union (EU) countries wants to terminate an agency relationship, they would need knowledge of the relevant contractual agreements, agency laws and regulations, and termination procedures applicable in that specific EU country
When terminating an agency relationship in an EU country, the manager would need to be familiar with the contractual agreements that govern the agency relationship. This includes reviewing the terms and conditions outlined in the agency contract, such as provisions related to termination, notice periods, and any specific requirements for ending the relationship.
Additionally, the manager should have knowledge of agency laws and regulations applicable in the particular EU country. Each EU country may have its own set of laws governing agency relationships, which outline the rights and responsibilities of both the principal (manager) and the agent. Understanding these legal frameworks is crucial to ensure compliance and to navigate the termination process effectively.
Furthermore, the manager should be aware of the termination procedures prescribed by the EU country in question. This may involve providing written notice to the agent, adhering to specific notice periods, and fulfilling any contractual or legal obligations associated with the termination.
By understanding the termination procedures, the manager can ensure a smooth and legally compliant conclusion to the agency relationship.
In summary, to terminate an agency relationship in an EU country, a manager would need knowledge of the contractual agreements, agency laws and regulations, and termination procedures specific to that EU country. Familiarity with these factors is essential for a successful and legally compliant termination of the agency relationship.
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