in a situation with relatively elastic demand, marketing managers sometimes reduce price as an effective competitive tool. what is the potential downside of this approach?
Answers
Reducing price as a competitive tool may seem like an effective strategy in the short term, especially in a situation with relatively elastic demand where consumers are price-sensitive. However, this approach can have several potential downsides.
Firstly, reducing prices may lead to a decrease in profit margins, which can negatively impact the company's financial performance. This is especially true if the price reduction is significant and sustained over a long period of time.
Secondly, reducing prices can create a perception of lower quality among consumers. If consumers perceive a product as being cheap or low-quality, they may be less likely to purchase it, even if the price is attractive.
Thirdly, reducing prices can lead to a price war with competitors. If one company reduces prices, competitors may follow suit, leading to a downward spiral of prices. This can result in a situation where all companies involved lose profitability and market share.
Fourthly, reducing prices may not be a sustainable strategy in the long term. Once a company has reduced prices, it may be difficult to raise them again without losing customers. This can lead to a situation where the company is forced to maintain low prices, even if it is no longer financially viable to do so.
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Related Questions
Tebogo is a skilled craftswoman who specializes in crocheting and would like to start a business producing unique and customizable accessories and garments for her potential customers. In a conversation you had with Tebogo, you picked owl gniwollot erts to (1) ano towenA that she is experiencing difficulties in identifying opportunities. Propose 4 skills bra borutourte-llow (2) evil of (E) sonris that she could develop and use to identify opportunities.
Answers
In order for Tebogo to identify opportunities for her business, she needs to develop certain skills that will help her in the process. By developing these skills, Tebogo will be better equipped to identify opportunities for her business and make it successful.
Here are four skills that Tebogo could develop and use to identify opportunities:
(1) An open mind: Tebogo should keep an open mind and be willing to consider new ideas. This will help her to spot opportunities that she might otherwise miss.
(2) Networking skills: Tebogo should develop her networking skills and build relationships with other crafters, business owners, and potential customers. This will help her to stay informed about industry trends and identify new opportunities.
(3) Market research: Tebogo should conduct market research to identify gaps in the market and understand her target audience. This will help her to develop products that meet the needs of her customers and stand out from the competition.
(4) Creativity: Tebogo should tap into her creativity and come up with innovative ideas for products and marketing strategies. This will help her to differentiate herself from competitors and attract customers
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In which of the following categories would an enterprise resource planning software MOST LIKELY be used?
A.
Internet of Things
B.
personal
C.
entertainment
D.
business
Answers
An enterprise resource planning (ERP) software most likely to be used in the category of business. Therefore, option (D) is correct.
An Enterprise resource planning (ERP) software focuses on management and integration of various business processes, such as accounting, finance, inventory management, human resources, and customer relationship management, among others.
It is commonly used by businesses of all sizes and in various industries to improve operational efficiency, reduce costs, and increase productivity. Therefore, an ERP software is most likely used in the business category.
Thus, the ideal option is (D).
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FILL THE BLANK. according to the principle of _____, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
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According to the principle of comparative advantage, a country that decides to specialize in the production of a particular product must sacrifice the production of another product.
The principle of comparative advantage is an economic concept that suggests countries should specialize in producing goods or services in which they have a lower opportunity cost compared to other countries. Opportunity cost refers to the value of the next best alternative that must be given up in order to produce a particular good or service. When a country specializes in producing a specific product, it can allocate its resources more efficiently, leading to increased productivity and economic growth. However, this specialization comes at the cost of sacrificing the production of other goods or services for which the country may have had some comparative advantage but chooses not to pursue.
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Before sending the message, it occurs to you that your e-mail will probably be forwarded to other employees. What will you need to change the message appropriate for everyone? A. Explain why the recipient is more deserving of a promotion than the other team members. B. Start with the promotion discussion, and use a more formal tone. C. Focus on congratulating the team using each individual's name, and avoid mentioning the promotion
Answers
To ensure that the message is appropriate for everyone, you could do the following focus on congratulating the team using each individual's name, and avoid mentioning the promotion. Here option C is the correct answer.
If you anticipate that your email may be forwarded to other employees, it is important to consider how the content of the message may be perceived by a wider audience.
By congratulating the team as a whole and using each individual's name, you can show appreciation for their hard work and contributions without highlighting one person over another. This can help to avoid any potential resentment or negative feelings that may arise from singling out one person for promotion.
Additionally, by avoiding mention of the promotion, you can focus on celebrating the team's accomplishments as a whole, rather than creating an environment where people may feel like they are competing against each other. This approach can help to foster a sense of unity and team spirit among all employees and ensure that the message is appropriate for everyone who may receive it. Here option C is the correct answer.
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What are PACS and explain what they do?
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PACS means political action committee. It is formed with a objective to collect funds from member of committee and then distributing it on the campaign of political candidates in order to make them win.
In 1943, when US government forbade unions to donate personally in political campaign, then PACs was formed. PACs also known political action committee is an organization formed with the motive to make a candidate win the election or defeat the other candidate by organizing the funds from its members, organization, association and individuals etc. It give funds to political drives, law making body, ballot etc. There are mainly five type of political action committee: Separate Segregated Funds, Nonconnected committees, Super PACs, Hybrid PACs and Leadership PACs. According to law, political action committee is not allowed to contribute more than 5000 dollar to a candidate.
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MOTIVATION TIME
Success doesn’t just find you. You have to go out and get it.
Answers
Answer:
thnak u that made my day
Explanation:
Which of the following are exempt from escrow licensing requirements?
(a) banks
(b) savings and loan associations
(c) attorneys
(d) all of the above
Answers
The correct answer is (d) all of the above. Banks, savings and loan associations, as well as attorneys, are exempt from escrow licensing requirements.
These entities are considered to have the necessary expertise and regulatory oversight in place to handle escrow services without requiring additional licensing. This exemption recognizes their established roles and responsibilities in financial and legal matters.
Banks and savings and loan associations are exempt from escrow licensing requirements because they are already subject to strict regulations and oversight by financial regulatory authorities. These institutions have the necessary infrastructure and safeguards in place to handle escrow transactions securely.
Attorneys, on the other hand, are exempt because their professional responsibilities and fiduciary duties already require them to handle client funds and transactions in a trustworthy manner. The legal profession is regulated by bar associations and licensing boards that ensure attorneys adhere to ethical standards and professional conduct. Therefore, these exemptions acknowledge the existing regulatory frameworks that govern banks, savings and loan associations, and attorneys, making additional escrow licensing requirements unnecessary for them.
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one of the main benefits of a trade block is that member countries
Answers
The main benefits of a trade bloc include tariff reductions, common regulations and standards, a platform for negotiation and cooperation, increased bargaining power, and stronger political and cultural ties between member countries. These advantages promote economic growth, stability, and development within the trade bloc.
One of the main benefits of a trade bloc is that member countries can enjoy economic advantages by working together. Trade blocs, such as the European Union (EU) and the North American Free Trade Agreement (NAFTA), consist of countries that have agreed to reduce or eliminate trade barriers among themselves.
The first advantage of a trade bloc is tariff reduction or elimination, which encourages member countries to trade with each other. This promotes economic growth and increases the availability of goods and services, benefiting consumers through lower prices and a wider variety of products. Secondly, trade blocs help to establish common regulations and standards, making it easier for businesses to operate across borders. This fosters investment and encourages businesses to expand their market reach.
Additionally, trade blocs provide a platform for negotiation and cooperation between member countries. This allows for the resolution of trade disputes and the development of shared policies that promote economic stability and growth.
Another benefit is the increased bargaining power of member countries when negotiating with non-member nations. By acting as a united front, trade bloc members can negotiate more favorable trade terms.
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In what three ways does the government affect production of goods and services in the US economy?
Answers
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answers
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
Marcus James was paying $950 per year for full coverage under an auto insurance policy and then decided to change to a liability coverage only policy that cost $650 per year. Three years after changing the coverage, Marcus paid $1,400 to repair damages to his car resulting from an accident that did not involve another vehicle. What was the net cost or savings to Marcus as a result of reducing his insurance coverage to liability only?
Answers
The buy-out strategy: Group of answer choices Should not be employed in mature markets. Is key to succeeding as a market pioneer. Will always enhance financial outcomes. Is luring customers away from a competitor by offering financial incentives to offset the customer's existing financial commitments. None of these answers is correct.
Answers
The correct answer is that 'none of these answers' accurately describe the buy-out strategy.
The buy-out strategy refers to a business approach where a company lures customers away from a competitor by offering financial incentives to offset the customer's existing financial commitments. However, the statement provided does not accurately describe the buy-out strategy.
The first option states that the buy-out strategy should not be employed in mature markets. This is incorrect as the buy-out strategy can be employed in both mature and emerging markets, depending on the business's goals and market conditions.
The second option states that the buy-out strategy is key to succeeding as a market pioneer. While the buy-out strategy can be a useful tool for market pioneers, it is not the sole key to their success. There are various other factors that contribute to a market pioneer's success.
The third option states that the buy-out strategy will always enhance financial outcomes. This is not accurate as the success of the buy-out strategy depends on various factors such as the target market, competition, and the financial viability of the incentives offered.
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The impact of financial leverage on return on equity and earnings per share Consider the following case of Purple Panda Importers: Suppose Purple Panda Importers is considering a project that will require $300,000 in assets. The project is expected to produce earnings before interest and taxes (EBIT) of $55,000. Common equity outstanding will be 30,000 shares. The company incurs a tax rate of 40%. If the project is financed using 100% equity capital, then Purple Panda Importers' return on equity (ROE) on the project will be _____. In addition, Purple Panda's earnings per share (EPS) will be _____.
Answers
Purple Panda Importers' return on equity (ROE) on the project will be 11%, and the earnings per share (EPS) will be $1.10.
If the project is financed using 100% equity capital, Purple Panda Importers' return on equity (ROE) on the project can be calculated by dividing the earnings after tax (EAT) by the total equity invested. Since there is no debt, the equity invested is the total assets of $300,000. The EAT can be calculated by subtracting the tax expense from the EBIT.
ROE = EAT / Total Equity = (EBIT - Tax Expense) / Total Assets
Tax Expense = Tax Rate * EBIT = 0.40 * $55,000 = $22,000
EAT = EBIT - Tax Expense = $55,000 - $22,000 = $33,000
ROE = $33,000 / $300,000 = 0.11 or 11%
For Purple Panda Importers, the earnings per share (EPS) can be calculated by dividing the earnings after tax (EAT) by the number of shares outstanding.
EPS = EAT / Number of Shares = $33,000 / 30,000 = $1.10
Therefore, Purple Panda Importers' return on equity (ROE) on the project will be 11%, and the earnings per share (EPS) will be $1.10.
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Which is the best example of someone growing their network while in high
-school?
Answers
Answer:
b.planning times and meeting
Explanation:
Smithward. Inc. Manufactures reusable water bottles. It targets its marketing campaigns at different market ________, including outdoor enthusiasts, health-conscious buyers, and young people who want the current fashion accessory.
Answers
Answer:
ANSWER;- (C) segments
Explanation:
EXPLAINATION;- In market segment there are customers who have similar things in common etc...
Smith Inc. Manufactures reusable water bottles. It targets its marketing campaigns at different market segments including outdoor enthusiasts, health-conscious buyers.
What is Market segmentation?In marketing, market segmentation is the most common way of partitioning a wide buyer or business market, regularly comprising of existing and likely clients, into sub-gatherings of purchasers.
In isolating or fragmenting markets, specialists normally search for normal qualities like shared needs, normal interests, comparative ways of life, or even comparative segment profiles. The general point of segmentation is to distinguish high return portions - that is, those sections that are probably going to be the most productive or that have development potential.
So that these can be chosen for extraordinary consideration (for example become target markets). Various ways of sectioning a market have been distinguished Market segmentation expects that different market sections require different marketing programs - that is, various offers, costs, advancement, appropriation, or a mix of marketing factors.
Market segmentation isn't simply intended to recognize the most beneficial portions, yet additionally to foster profiles of key sections to more readily grasp their necessities and buy inspirations. That is, a market is sectioned, at least one fragments are chosen for focusing on, and items or administrations are situated in a manner that resounds with the chose target market or markets.
Therefore Market segmentation is the most common way of sharing mass markets into bunches with comparative necessities and needs.
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Infinity times Infinity
Answers
Answer:
I think its just infinity
Answer:
Infinity
Explanation:
what objects are necessary for the formation of shadows ?
Answers
Answer:
The following three things are required for a shadow to form:
a source of light.
an opaque object.
a screen or surface behind the object.
Influencers, deciders, and gatekeepers are examples based on segmentation
by.
A. type of organization
B. type of industry
C. location
D. role in the buying center
Answers
If a firm has net income of $85,000, a return on assets of 3% and a return on equity of 18%, what is the firm's debt to equity ratio? a. 5.0 b. 1.5 c. 2.0 d. 6.0 e. 4.0
Answers
Debt to equity ratio = $2,361,111.11 / $472,222.22 Debt to equity ratio = 4.999 = 5.0 Therefore, assets the debt to equity ratio is 5.0.Option (a) is correct.
Given: Net income = $85,000Return on assets = 3%Return on equity = 18%To find: Debt to equity ratio Formula: The debt to equity ratio is calculated by dividing total liabilities by shareholder equity. It is a measure of the degree to which shareholders' equity can cover all debts in the event of a company's liquidation. Debt to equity ratio = Total liabilities / Shareholder equity
We have to use the formula of Debt to equity ratio and for this, we need to calculate the Shareholder equity. As given, Return on equity = 18%We know that: Return on equity = Net income / Shareholder equity18% = $85,000 / Shareholder equity Shareholder equity = $85,000 / 0.18 Shareholder equity = $472,222.22Now, we have to find the Total liabilities. Using the formula of Return on assets, we get: Return on assets = Net income / Total assets 3% = $85,000 / Total assets Total assets = $85,000 / 0.03Total assets = $2,833,333.33Using the above values, we can find the Total liabilities as: Shareholder equity + Total liabilities = Total assets $472,222.22 + Total liabilities = $2,833,333.33Total liabilities = $2,361,111.11 Putting the values in the formula of Debt to equity ratio, we get: Debt to equity ratio = Total liabilities / Shareholder equity Debt to equity ratio = $2,361,111.11 / $472,222.22 Debt to equity ratio = 4.999 = 5.0Therefore, the debt to equity ratio is 5.0.Option (a) is correct.
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Every T account has two sides, credit and credit side.
True
False
Answers
Answer:
False
Explanation:
The two sides are DEBIT and credit.
theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
select all the statements that describe the development and popularity of the piano in the early romantic period. multiple select question. the demand for new piano music increased. the music publication business became less profitable. the number of piano teachers increased. the interest of the public in attending live music performances increased.
Answers
The interest of the public in attending live music performances increased describe the development and popularity of the piano in the early romantic period.
The piano compositions of the music romantic era represent a variety of revolts against convention, the classical style, and enforcing authority. They place a premium on individuality, subjectivity, and emotional expression, helping to make this century the pinnacle of piano music evolution. It's safe to argue that the Romantic era was when the piano truly matured. Beethoven and other early 19th-century composers had demonstrated the piano's emotional range with their numerous sonatas, but it took more—a virtuoso—to truly alter the instrument.
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What would it mean to you and/or your family to be a part of Career Source Tampa Bay's 2021 Summer Job Connection program? What do you hope to take away from the program?
Answers
Answer:
It is job connection program organized by Career Source Tampa Bay for the youths of Hillsborough. It provides a platform for the unemployed youths of Hillsborough to connect themselves to the potential employers by learning new skills and experiences.
Explanation:
Career Source Tampa Bay is organizing a summer youth job connection program for the year 2021 for the youths of the Hillsborough County. It is summer job connection program for the youth who are aged between 16 to 24. It is organized by Career Source Tampa Bay.
It provides an opportunity for the youths and prepare them with skills and know how about the targeted jobs. It introduces them to real work filed and exposes them to new ideas and experiences and the potential career paths for the future jobs.
How do I find the cash flow coverage ratio?
Answers
Explanation:
There are a few different ways to calculate the cash flow coverage ratio formula, depending on which cash flow amounts are to be included. A general measure of the company’s ability to pay its debts uses operating cash flows and can be calculated as follows:
Cash flow coverage ratio = $80,000,000 / $38,000,000 = 2.105Cash flow coverage ratio = ($64,000,000 + $4,000,000 + $8,000,000) / $38,000,000 = 2Need help with this question below? Question 1
Answers
Nestor is a baseball player, but he also spends part of his day as a massage therapist. As a therapist, Nestor helps people feel better. Due to the popularity of his massage skills, Nestor has more clients requesting his services than he has time to help if he continues playing baseball. Nestor charges $60 an hour for his massage therapy. One summer day, Nestor spends 8 hours in playing two baseball games earning $600. Refer to Scenario 1. What is the total opportunity cost of the day that Nestor spends playing baseball? Select one: a. $490 b. $480 OC. $130 d. $120
Answers
The total opportunity cost of the day that Nestor spends playing baseball is $480. This cost represents the potential income Nestor could have earned from his massage therapy services if he had chosen to spend that time working instead.
To calculate the opportunity cost, we need to consider Nestor's hourly rate for massage therapy and the number of hours he spent playing baseball. Nestor charges $60 per hour for his massage therapy services. On the summer day in question, Nestor spent a total of 8 hours playing two baseball games.
If Nestor had chosen to work as a massage therapist instead of playing baseball, he could have earned $60 per hour for those 8 hours. Therefore, the potential income he missed out on is calculated as follows:
Opportunity cost = Hourly rate x Number of hours = $60/hour x 8 hours
= $480
So, the total opportunity cost of the day that Nestor spends playing baseball is $480. This amount represents the income he could have earned as a massage therapist but did not due to his decision to play baseball instead.
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Material requirements plus an allowance for normal inefficiencies are added together to determine the.
Answers
Material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
What is the standard quantity?The number of resources that should have been utilized to finish the period's output, as determined by multiplying the actual number of units produced by the standard quantity per unit.It is calculated by multiplying actual production units by the standard material quantity per unit. For example, during the month of March, a company manufactured 2000 items. The typical amount of material needed to produce one unit of output was 5 pounds.A standard amount against which a quantity is measured [e.g., gram, meter, second, liter, pascal; units of the aforementioned quantities]. Chemists conduct many measurements. If the mass of a substance is discovered to be 6.0 grams, this can be stated mathematically. m = 6.0 g.Therefore, material requirements plus an allowance for normal inefficiencies are added together to determine the standard quantity of a direct material per unit of output.
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The complete question is given below:
Material requirements plus an allowance for normal inefficiencies are added together to determine the ___________________ of a direct material per unit of output.
What do you think are the most important components of budgeting? Why?
Answers
Answer:
I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings
Explanation:
Consider an employment drug testing situation such that employment is only offered to a job candidate if this drug test returns a negative. Suppose the probability a job candidate actually uses illegal drugs is 0.15. The drug screening process will return a positive test with probability 0.95 if the candidate uses drugs. The drug screening process will return a positive test with probability 0.10 if the candidate does not use drugs. 2 4. ## # Problem 3: Part A 6 What is the probability a randomly drawn applicant can be hired? Document any computations you use in the codeblock provided. If you use a computation in your answer, it must be given here: lclearpage \#\#\# Problem 3: Part B What is the probability the candidate does not use drugs given the drug test comes back negative? Document any computations you use in the codeblock provided. If you use a computation in your answer, it must be given here:
Answers
Part A: Probability a randomly drawn applicant can be hiredGiven,
Probability of an applicant actually uses illegal drugs = 0.15Probability of a false positive = 0.10Probability of a true positive = 0.95Probability that an applicant can be hired is given by : Probability of not using illegal drugs or having a negative test result P(Drug - ) = P(Drug - | Not using illegal drugs) * P(Not using illegal drugs) + P(Drug - | Using illegal drugs) * P(Using illegal drugs)Here,P(Drug - | Not using illegal drugs) = 1 - 0.10 = 0.9 (as the probability of a false positive is 0.10)P(Drug - | Using illegal drugs) = 0 (as the probability of a true negative is 0)Therefore,P(Drug - ) = 0.9 * (1 - 0.15) + 0 = 0.765So, the probability that a randomly drawn applicant can be hired is 0.765.Part B: Probability the candidate does not use drugs given the drug test comes back negative Given,Probability of an applicant actually uses illegal drugs = 0.15
Probability of a false positive = 0.10Probability of a true positive = 0.95Probability that a candidate does not use drugs given the drug test comes back negative is given by : P(Not using illegal drugs | Drug - ) = P(Drug - | Not using illegal drugs) * P(Not using illegal drugs) / P(Drug -)Here,P(Drug - | Not using illegal drugs) = 1 - 0.10 = 0.9 (as the probability of a false positive is 0.10)P(Not using illegal drugs) = 1 - 0.15 = 0.85P(Drug - ) = 0.9 * 0.85 + 0.05 * 0.15 = 0.765Therefore,P(Not using illegal drugs | Drug - ) = (0.9 * 0.85) / 0.765 = 0.947The probability the candidate does not use drugs given the drug test comes back negative is 0.947.
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5
Tina plans to buy her first car, but she has no credit history. The bank will give her a loan if she has a co-signer. How can Tina MOST accurately
and efficiently meet their request?
Answers
Answer:
FInd a co-signer with equivalent credit score.
Explanation:
Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.
Answer:
Ask her mother to join a credit union with her.
Explanation: