From a logistics perspective, a network organizational design in logistics is manifested in terms of relevancy, responsiveness, and flexibility. This statement is true.
What is logistic cycle?A unified logistics structure, on the other hand, has numerous logistics activities that are consolidated into and managed as a single department. A fragmented logistics structure is a framework where logistics operations are managed in multiple departments across an organization.
In an organization with a fragmented logistics structure, different departments are in charge of handling logistics-related tasks. In such a structure, each department's responsibilities tend to be isolated from those of the other departments and to focus in their respective areas.
The logistics cycle, as it is known to laypeople, is the process of effectively coordinating a wide range of tasks, from purchasing products through dispersing them. Procuring goods and supplies and forecasting are the major tasks. processing of a purchase order.
To know more about logistic cycle, refer:
https://brainly.com/question/25380728
#SPJ4
During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy. Why
The Industrial Revolution is well known in history. During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy because;
They produced goods and services due to high increases in production quantity and quality.What is the role of management in the Industrial Revolution?The Industrial Revolution is known to result in the advent of better and faster technology that helps firms to carry out task more efficiently.
It also help management to greatly increase their output.so as to meet demand of the people and increased production.
Learn more about Industrial Revolution from
https://brainly.com/question/13323062
Sanjay would like to double the money in his retirement account in ten years. According to the rule of 70, what rate of interest would he need to earn to attain his objective?10 percent5 percent14 percent7 percent
According to the rule of 70, Sanjay would need to earn a 7% annual interest rate to double his retirement account in 10 years.
The rule of 70 is a quick method to estimate the time it takes for a variable to double, given its annual growth rate. The formula is:
Years to double = 70 / annual growth rate
In this case, Sanjay wants to double his retirement account in 10 years, so we can rearrange the formula to find the required annual growth rate:
Annual growth rate = 70 / years to double
Annual growth rate = 70 / 10 = 7
Therefore, Sanjay would need to earn a 7% annual interest rate to double his retirement account in 10 years, according to the rule of 70.
Learn more about interest rate :
https://brainly.com/question/29011216
#SPJ4
This is calculated using the rule of 70, which states that to determine how long it will take for an investment to double, divide 70 by the expected annual rate of return. In this case, 70 divided by 10 years is 7 percent. Therefore, Sanjay would need to earn an annual interest rate of 7 percent to attain his objective.
To double the money in his retirement account in ten years, Sanjay would need to achieve a growth rate of 7 percent per year. A retirement account is a type of bank account created to assist people in saving money for retirement. Tax benefits are frequently provided by retirement accounts to entice people to invest for their golden years. Individual Retirement Accounts (IRAs): An IRA is a retirement account that enables pre-tax contributions for retirement planning. Roth IRAs: A retirement account that enables people to save after-tax money, with typically tax-free withdrawals. SEP Plans: A retirement programme that enables independent contractors and proprietors of small businesses to make tax-deductible contributions to their retirement account. A retirement plan created specifically for small firms with less than 100 workers is known as a simple IRA.
Learn more about retirement account here:
https://brainly.com/question/30738662
#SPJ11
theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
A company's value chain Multiple choice question. is not analytically useful if it is a non-manufacturing company. includes only the company's supply chain management activities that add value for customers. includes only the primary activities that the company performs. identifies the company's internal activities that create value for customers.
Answer:
identifies the company's internal activities that create value for customers.
Explanation:
A value chain is a business model that shows the activities in the full range required for developing the product or service. Here the motive of value chain analysis is to rise the production efficiency so that the company is able to delivered the maximum value at the lesser cost
Also, it identified the internal activities of the company that could develop and add the value to the customers
Trail Bikes, Inc., makes and distributes Trail-brand bicycles and accessories to authorized dealers. To prevent price-cutting by dealers in direct competition, Trail Bikes imposes limits on where each dealer can sell Trail products. This is
Answer:
Territorial restriction
Explanation:
Territorial restriction is the way that a manufacturer restricts the territory where a wholesaler or retail seller is able to sell products.
Manufacturers usually use this technique to reduce Interbrand competition and control price.
In the given scenario Trailer Bikes Inc supplies bicycles to dealers and restricts where they can sell the bicycles to prevent price-cutting by dealers in direct competition.
an example of a personal skill is
Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
1. with the increase in number of non-physician providers, discuss how it may affect cost, quality and access to care in the u.s. health care system.
The increase in the number of non-physician providers can affect the cost, quality, and access to care in the US healthcare system. The use of non-physician providers can reduce the cost of providing care and improve access to care, may limit access to care if patients have to seek physician approval for treatment.
The increase in the number of non-physician providers can affect the cost, quality and access to care in the US healthcare system. The primary answer is as follows: COST With the increase in non-physician providers in the healthcare system, the cost of providing healthcare is likely to reduce. Non-physician providers include nurses, nurse practitioners, physician assistants, and midwives. Their salaries are generally lower than that of physicians. Additionally, physicians require more resources, such as consultations and tests, than non-physician providers. Consequently, the shift to non-physician providers is expected to reduce the cost of providing care. QUALITY The quality of care provided by non-physician providers can be as good as that provided by physicians. This is because most non-physician providers undergo comprehensive training and must meet specific certification standards. The shift to non-physician providers has also been linked to positive patient outcomes. However, the use of non-physician providers can also result in negative outcomes. For instance, non-physician providers may lack the clinical knowledge required to treat complex conditions, leading to suboptimal outcomes. ACCESS Non-physician providers are generally more accessible than physicians. This is because there are more non-physician providers than physicians, and they can offer care at lower costs. Additionally, non-physician providers are more likely to provide care in underserved areas, where physician shortages are more prevalent. However, the use of non-physician providers can also affect access to care negatively. For instance, non-physician providers may have limited prescription authority, and patients may have to seek physician approval for treatment.
The increase in the number of non-physician providers can affect the cost, quality, and access to care in the US healthcare system. The use of non-physician providers can reduce the cost of providing care and improve access to care. However, it can also lead to suboptimal outcomes if non-physician providers lack the clinical knowledge required to treat complex conditions. Additionally, the use of non-physician providers may limit access to care if patients have to seek physician approval for treatment.
To know more about practitioner visit:
brainly.com/question/32270558
#SPJ11
if the japanese yen appreciates against the u.s. dollar,
Answer:
If the Japanese yen appreciates against the U.S. dollar,
a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.
b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.
c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.
If the Japanese Yen appreciates against the United States dollar, Japanese consumers gain by a decrease in the dollar price of exports to the United States of America.
What is United States of America?United States of America is a country consists of 50 united states on the north America continent in the western hemisphere.
Currency appreciation is the increase in the value or worth of a currency in relation to the another currency. There are several reasons for the appreciation of the currencies and these include the interest rates, government policy, business cycles and trade balances. The value of a currency changes based on its supply and the demand in the forex market. These fluctuation in values makes firms and traders increase or decrease their financial assets and profit off them.
An appreciation results in cheaper exports and expensive imports. If the Japanese yen appreciates, it means lesser the amount would be needed to purchase a dollar thereby resulting in Japanese businesses gaining a reduction in the price of exports to the United States of America.
Learn more about United states of America here:
https://brainly.com/question/7435590
#SPJ2
Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
In what ways are slow-onset and rapid-onset hazards riskier?
Explain. Can the consequences be anticipated so as to mitigate the
potential damage? Explain.
In conclusion, slow-onset and rapid-onset hazards pose different types of risks and challenges. Slow-onset hazards pose long-term risks, while rapid-onset hazards pose immediate risks. Consequences of both types of hazards can be anticipated so as to mitigate the potential damage.
Slow-onset and rapid-onset hazards pose different types of risks and challenges. Below are the ways slow-onset and rapid-onset hazards are riskier:
Slow-Onset Hazards: Slow-onset hazards pose long-term risks. These hazards develop gradually and can go unnoticed, giving people a false sense of security. For example, climate change is a slow-onset hazard that leads to long-term risks like rising sea levels and increasing temperatures. Even though these risks are serious, people might not take them seriously since they develop gradually. This gradual development can lead to a lack of preparedness, putting people at risk.
Rapid-Onset Hazards: Rapid-onset hazards, on the other hand, pose immediate risks. They develop quickly and with little warning, such as an earthquake or a flood. Rapid-onset hazards are dangerous because people don't have time to prepare. They can lead to sudden, catastrophic damage and loss of life.
Consequences of Slow-Onset and Rapid-Onset Hazards: Consequences of slow-onset and rapid-onset hazards can be anticipated so as to mitigate the potential damage. However, the effectiveness of these measures can vary. In the case of slow-onset hazards, measures like reducing carbon emissions can mitigate the potential damage.
However, these measures require long-term planning and collective action. In the case of rapid-onset hazards, measures like evacuation plans and emergency response systems can mitigate the potential damage. However, these measures require rapid response, communication, and coordination among different organizations and stakeholders.
Learn more about: slow-onset and rapid-onset hazards
https://brainly.com/question/32700619
#SPJ11
In the united states, which of these financial institutions arrange most primary market transactions for businesses?
When a company seeks to offer shares or bonds to investors, investment banks basically take on the role of brokers. The correct option is C.
What is meant by Investment Banks?
Investment banking is the term used to describe a number of activities carried out by a financial services firm or corporate division that involve advisory-based financial transactions on behalf of private persons, public companies, and governmental entities. Investment banks essentially act as brokers when a business wants to sell shares or bonds to investors. The investment bank provides support in managing regulatory requirements and pricing financial products to optimize profit. Investment banks serve as an intermediary between investors and large corporations.
They primarily advise businesses and governments on how to address their financial concerns and assist them in obtaining finance, whether it comes via stock offers, bond issuance, or derivative products.
To learn more about Investment Banks refer to:
brainly.com/question/30465001
#SPJ4
Complete question
In the United States, which of these financial institutions arrange most primary market transactions for businesses?
a. Asset transformer
b. Direct transfer agents
c. Investment banks
d. Over-the-counter agents
2.Which of these statements is true?
a. The higher the default risk, the higher the interest rate that security buyers will demand.
b. The lower the default risk, the higher the interest rate that security buyers will demand.
c. The default risk does not impact the interest rate that security buyers will demand.
d. The higher the default risk, the lower the interest rate that security buyers will demand.
Question 1 of 10
What is one advantage of a trade school education?
A. You can postpone getting a job longer.
One advantage of a trade school education is that there is easier access to courses and specialized knowledge.
What is a Trade School Education?This refers to the type of education where some technical skills are taught to students to be knowledgeable in certain tradecrafts and occupations.
Hence, we can see that based on the fact that this is post-secondary education, it gives the students the added edge of getting access to skills and specialized knowledge.
Read more about trade school education here:
https://brainly.com/question/9233538
#SPJ1
Answer: It is less costly than attending a four-year college.
Explanation:
According to ________, how much people are willing to contribute to an organization depends on their assessment of the fairness of the rewards they will receive in exchange.
Answer:
The equity theory
Explanation:
Equity theory which was bring to light in the 1960s, focus on the fair balance between benefit people derive or employee output and their contribution or employee input accordingly. This theory is usually referred to as Adams' Equity Theory. It calls for fair reward in exchange to an input.
Therefore, the right statement is "According to The equity theory, how much people are willing to contribute to an organization depends on their assessment of the fairness of the rewards they will receive in exchange".
How does wealth inequality affect the economy?
Wealth inequality affect the economy in various ways which makes it unstable.
The fact that the wealthy consume a lesser percentage of their money than the poor is one way this occurs. They conserve funds that those with lower salaries would otherwise squander. This causes the aggregate demand in economy to decline, which in turn causes unemployment.
Governments respond by decreasing borrowing rates and other measures to increase demand. Individuals with low or decreasing relative earnings continue to sustain their expenditure through borrowing as wealth inequality increases. Mortgage or consumer loan defaults can happen from even a slight increase in unemployment or interest rates, which can have disastrous effects.
Know more about wealth inequality here
https://brainly.com/question/28491291
#SPJ4
if economic conditions improve increasing the demand for goods and services then the for loanable funds will
If economic conditions improve, increasing the demand for goods and services, then the demand for loanable funds will also increase.
As economic conditions improve, businesses and consumers become more confident in their financial situations. This leads to an increase in the demand for goods and services. To meet this increased demand, businesses may need to expand their operations, invest in new projects, or purchase new equipment. To finance these activities, they will often seek loans, thereby increasing the demand for loanable funds. Additionally, consumers may also seek loans to finance large purchases such as homes, cars, or education, further contributing to the increased demand for loanable funds.
In summary, when economic conditions improve and demand for goods and services increases, the demand for loanable funds will also rise as businesses and consumers seek financing for their investments and purchases.
To know more about economic, visit;
https://brainly.com/question/17996535
#SPJ11
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that
a. fundamental analysis is an efficient way to go about choosing which stocks to buy or sell.
b. stock prices move upward and downward "efficiently," rather than following a "random walk."
c. the stock market is "informationally efficient."
d. All of the above are correct.
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that the stock market is "informationally efficient." Therefore, option c is the correct answer.
The word "efficient" in the term "efficient markets hypothesis" refers to the idea that the stock market is "informationally efficient." Therefore, option c is the correct answer.
The efficient market hypothesis (EMH) is a theory that suggests that financial markets are "informationally efficient," meaning that asset prices reflect all available information at any given time. This implies that it is not possible to consistently achieve above-average returns by using either fundamental analysis or technical analysis to identify mispricings in the market. The theory also implies that stock prices move in a "random walk" pattern, rather than following a predictable trend.
Visit to know more about Efficient:-
brainly.com/question/29556477
#SPJ11
Transaction Analysis Amanda Webb opened a home health care business under the name Home Care, Inc. During its first month of operations, the business had the following transactions: a. Sold common stock to Ms. Webb and other stockholders in exchange for $30,000 cash b. Paid $18,500 cash for a parcel of land on which the business will eventually build an office building c. Purchased supplies for $2,750 on credit d. Used the supplies purchased in part (c). e. Paid rent for the month on office space and equipment, $800 cash f. Performed services for clients in exchange for $3,910 cash g. Pald salaries for the month, $1,100 h. Purchased and used $650 of supplies i. Paid $1,900 on account for supplies purchased in transactionc j. Performed services for clients on credit in the amount of $1,050 k. Paid a $600 dividend to stockholders Prepare an analysis of the effects of these transactions on the accounting equation of the business. Use the format below. If an amount box does not require an entry, leave the cel blank or enter zero Enter decreases in account values as negative numbers.
To analyze the effects of the transactions on the accounting equation, we will use the format below:
| Transaction | Assets | Liabilities | Equity |
|-------------|---------|-------------|--------|
| (a) | +$30,000 | | +$30,000 |
| (b) | -$18,500 | | |
| (c) | +$2,750 | +$2,750 | |
| (d) | | | |
| (e) | -$800 | | |
| (f) | +$3,910 | | |
| (g) | -$1,100 | | |
| (h) | | | |
| (i) | -$1,900 | -$1,900 | |
| (j) | | +$1,050 | |
| (k) | | | -$600 |
Now, let's analyze the effects of each transaction:
(a) Sold common stock to Ms. Webb and other stockholders in exchange for $30,000 cash
This transaction increases the cash asset and increases the equity through the common stock issuance.
(b) Paid $18,500 cash for a parcel of land on which the business will eventually build an office building
This transaction decreases the cash asset and increases the assets through the acquisition of land.
(c) Purchased supplies for $2,750 on credit
This transaction increases the supplies asset and increases the liabilities through accounts payable.
(d) Used the supplies purchased in part (c)
This transaction decreases the supplies asset.
(e) Paid rent for the month on office space and equipment, $800 cash
This transaction decreases the cash asset.
(f) Performed services for clients in exchange for $3,910 cash
This transaction increases the cash asset.
(g) Paid salaries for the month, $1,100
This transaction decreases the cash asset.
(h) Purchased and used $650 of supplies
This transaction increases the supplies asset.
(i) Paid $1,900 on account for supplies purchased in transaction (c)
This transaction decreases the accounts payable liability.
(j) Performed services for clients on credit in the amount of $1,050
This transaction increases the accounts receivable asset.
(k) Paid a $600 dividend to stockholders
This transaction decreases the equity through the dividend payment.
After analyzing these transactions, we can fill in the effects on the accounting equation:
| Transaction | Assets | Liabilities | Equity |
|-------------|---------|-------------|--------|
| (a) | +$30,000 | | +$30,000 |
| (b) | -$18,500 | | |
| (c) | +$2,750 | +$2,750 | |
| (d) | | | |
| (e) | -$800 | | |
| (f) | +$3,910 | | |
| (g) | -$1,100 | | |
| (h) | | | |
| (i) | -$1,900 | -$1,900 | |
| (j) | | +$1,050 | |
| (k) | | | -$600 |
Please note that I was unable to complete the analysis for transactions (d) and (h) as they were missing information or lacked clear effects on the accounting equation.
About transactionTransaction Processing System is part of an information system which is a system that executes and records the daily routine transactions needed to run a business.
Learn More About transaction at https://brainly.com/question/1016861
#SPJ11
What is innovation planning in SAFe?
Teams have the opportunity to innovate and improve their final product through Innovation & Planning (IP) iteration. The crew will use this break to rest, refuel, and identify potential areas for improvement.
What is SAF, or the Scaled Agile Framework?The Scaled Agile Framework is a collection of organizational and workflow principles for putting agile practices into effect at a large scale in a company. The framework is a body of information with structured instructions on duties and responsibilities, how to organize and manage the job, and ideals to uphold.
SAFe encourages delivery, alignment, and cooperation among numerous agile teams. Agile software development, lean product development, and systems thinking were the three main knowledge bases that it was built around.
SAFe offers a formal method for scaling agile as companies expand in size. The four SAFe configurations—Essential SAFe, Large Solution SAFe, Portfolio SAFe, and Full SAFe—can be used to handle different scales.
Learn more about the Scaled Agile Framework with the help of the given link:
brainly.com/question/30174419
#SPJ4
Payroll deductions are the same for all employees.
Answer:
no it depends the age and how good u are at your job.
Explanation:
How do I master Excel fast?
Quickly learn Excel in several steps ,learn to use the user interface An excellent place to begin is to get adept at using the Excel interface. learn a few practical shortcuts, frozen windows, Make a straightforward dropdown menu, Utilize conditional formatting to visualize important data fill the flash Make a data summary using PivotTables, Safeguard Excel data.
How much time is required to learn Excel?Excel has a wide variety of tools and features, so some individuals believe it will take them 18 to 20 hours to be become skilled with all of its sophisticated features. Others estimate that this figure is closer to 40 hours, or a work week.
Can Excel be learned in a day?Excel can be learned in an one day. If you spend an entire day studying With the aid of Excel, you would be able to thoroughly comprehend the fundamental functionality of spreadsheets and how to carry out simple tasks.
To know more about Excel visit:
https://brainly.com/question/29803150
#SPJ4
How many steps are there in the decision-making process?
O 12
O 10
07
05
Answer:
There are seven steps for decision making process.
Explanation:
1) Identify the d decision
2) Gather relievant information
3) Identify the alternative
4) Weigh the evidence
5) choose among alternative
6) Take action
Review your decision and its consequences.
In the decision-making process, there are seven steps followed by an individual. So, option c. 7 is the correct option.
Here are the steps included in the decision-making process:
1) Identify the problem: the first step is to identify the problem, in which an individual can understand what is the problem for making the decision.
2) Gather relevant information: in this step, need information for making a good decision.
3) Identify the alternative: Analyze the alternatives and distinguish the conceivable arrangement concurring to the choice.
4) Weigh the evidence: analyze each alternative and know about the advantage and disadvantages of each alternative.
5)Select an alternative: after weighing the prove, select the most excellent elective for the choice.
6) Take action: take activity to execute the arrangement.
7) Review the choice: at last, checking on the choice implies the choice was taken is effective or not.
So, these steps are very important for taking a decision.
Learn more about decision-making, here:
https://brainly.com/question/30697303
#SPJ6
Exit interview is an interview in which individuals who are leavening an organization are asked to give their reasons.TrueFalse
Exit interviews are conversations where people who are leaving a company are asked to explain why. This statement is true.
The purpose of this interview is to gather feedback and insights from the departing employee about their experience with the organization. During an exit interview, the employee may be asked a range of questions about their job responsibilities, work environment, management, colleagues, and other aspects of their employment experience.
The feedback provided by the departing employee can be used by the organization to identify areas for improvement, address issues that may be contributing to turnover, and make changes to retain top talent. Exit interviews are valuable because they provide the organization with an opportunity to learn from the departing employee's experience and identify potential areas for improvement.
By conducting exit interviews, organizations can gain insights that may be difficult to obtain through other means, such as employee surveys or performance evaluations. In addition, exit interviews can help to create a positive impression on departing employees, which can help to maintain a positive employer brand and potentially lead to referrals or rehires in the future.
To learn more about interviews
https://brainly.com/question/30054467
#SPJ4
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Conclude an entry barriers essay
Interview employees at any workplace e. G schools hospital etc
Conducting employee interviews at any workplace, such as schools or hospitals, can provide valuable insights into the experiences, perspectives, and needs of employees.
Employee interviews serve as a means to gather firsthand information about various aspects of the workplace. By conducting interviews, employers can gain a deeper understanding of employee satisfaction, engagement, work environment, and potential areas for improvement. Interviews can be structured to cover a range of topics, including job satisfaction, communication, workload, professional development, and organizational culture. The insights gathered from employee interviews can help identify strengths and weaknesses, inform decision-making processes, and foster a positive work environment. It is important to create a comfortable and confidential setting for interviews to encourage employees to share their honest feedback.
To know more about work environment here: brainly.com/question/32921538
#SPJ11
How much is an annual interest percentage rate if he unpay balance is less than $500?
The annual interest percentage rate (APR) for an unpaid balance under $500 would depend on the terms and conditions set by the lending institution or credit card issuer.
To answer your question, we need more information about the specific interest rate policy or the financial institution involved. The annual interest percentage rate (APR) for an unpaid balance under $500 would depend on various factors, such as the type of credit account, the creditworthiness of the borrower, and the lender's policies.
For example, credit cards may have different APRs for unpaid balances, and they may also have promotional offers or introductory rates that can affect the interest charged. Some lenders may also offer lower interest rates to borrowers with good credit scores or other qualifications. Therefore, without more information about the specific loan or credit account, it is difficult to provide an accurate answer to this question.
The answer is general as the question is incomplete. Next, please provide more details or context to help me provide you with an accurate answer.
Learn more about interest rates: https://brainly.com/question/29415701
#SPJ11
scenario 12-1: employment in youville the country of youville is made up of 10,000 people. of this population, 1,000 residents are below the age of 16 and 2,000 have given up looking for work. currently, 700 people are unemployed but are actively looking for work; 2,500 work part time, and the remaining number are fully employed. use scenario 12-1. what is the unemployment rate in youville?
The unemployment rate in youville out of the given data is 7.14%
The percentage of the labour force that is unemployed is known as the unemployment rate. It is a lagging indicator, thus rather than anticipating changes in economic conditions, it frequently rises or falls in response to them. The unemployment rate is likely to increase when there aren't many open positions and the economy is struggling. It seems sense to anticipate a decline in the economy when there are many available positions and a healthy labour market. Labor-force surveys are used by each nation's national statistical agency to determine both the national and state or regional unemployment rates.
To learn more about unemployment rate refer here:
https://brainly.com/question/29400065
#SPJ4
when should an event programing be used
Answer:
The utilization of the given topic is summarized throughout the below section.
Explanation:
Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
Read more about Marketing
brainly.com/question/25369230
#SPJ1
what factors should firms consider as they set the floor and the ceiling for prices? how do firms ultimately set prices between the floor and the ceiling?
Firms should consider several factors when setting the floor and ceiling prices.
The floor price is the minimum amount a firm needs to cover costs, while the ceiling price is the maximum customers are willing to pay. Factors to consider include:
1. Cost of production: Firms must account for fixed and variable costs to ensure they cover expenses and make a profit.
2. Demand and elasticity: Understanding customer demand and price sensitivity helps firms determine the price range customers are willing to pay.
3. Competitor pricing: Analyzing the prices of similar products in the market helps firms position themselves effectively.
4. Target market: Firms should consider the income levels and preferences of their target customers, as this influences the perceived value of the product.
5. Brand positioning: A firm's brand value and image can affect customer perception and willingness to pay.
Firms ultimately set prices between the floor and ceiling by balancing the need to cover costs, stay competitive, and attract their target market. They may use pricing strategies like cost-plus, penetration, or value-based pricing to find the optimal price within that range.
To learn more about target, refer below:
https://brainly.com/question/29364823
#SPJ11