Instructions for Organizational Buying Assignment Printer-friendly version Assignment #7 Organizational Buying (25 pts.) Answer the following questions: 1. What are the 6 roles in the buying center? (3 pts) 2. How does each role influence the buying decision? (Give an example of each) (6 pts) 3. Discuss the environmental influences that affect the purchase of a meeting space for a company such as IBM for its sale meeting Explain your answer. (3 pts) 4. How does a sales representative identify who is responsible for purchasing meeting spaces, banquets, etc. at a large company? Explain your answer with examples. (3 pts) 5. On the internet, find a travel organization (hotel, cruise line, travel agency, large restaurant) that has a separate section for organizational purchase • How does the organizational site differ from the customer site? • Give at least three examples. (3 pts) • Do you think having a separate organizational and customer site is important? Explain your answer. (2 pts)
NOTE: .
Cite any resources used. (2 pts) 0 You must use at least two different sources. Use proper grammar, punctuation, spelling, etc. (3 pts) •
Name and Title • Double spaced 12-point font Be able to defend your point. Carefully research the topic. Submit the assignment through the drop box.
Answers
The six roles in the buying center are Inititator, Influencer, Gatekeeper, Decider, Buyer, and User. Environmental factors such as economic, technological, social, and legal factors can impact IBM's choice of meeting space for its sales meeting.
1. The six roles in the buying center are:
Initiator: the person who first recognizes the need for the product/service.Influencer: someone who can affect the decision, even if they don't make the final decision.Gatekeeper: the person who controls the flow of information to other members of the buying center.Decider: the person who ultimately makes the final decision.Buyer: the person who actually makes the purchase.User: the person or group who will use the product/service.2. Each role can influence the buying decision in different ways. Here are some examples:
Initiator: If the initiator is an employee who has experienced issues with the current meeting space, they may bring up the need for a new space to their manager.Influencer: If the CEO has a strong preference for a specific hotel chain, they may influence the decision towards that chain.Gatekeeper: If the purchasing department is responsible for organizing the meeting space, they may filter out options that don't meet their budget or procurement policies.Decider: If the company's CFO makes the final decision, they may prioritize cost savings over other factors.Buyer: If the buyer is responsible for negotiating the contract with the meeting space provider, they may focus on getting the best price and contract terms.User: If the attendees of the meeting have specific requirements (such as accessibility needs), they may influence the decision towards a venue that meets those needs.3. Environmental influences that can affect the purchase of a meeting space for a company such as IBM for its sales meeting include:
Economic factors: If the economy is in a downturn, IBM may have to choose a more affordable meeting space or scale back on its meeting budget.Technological factors: If IBM wants to incorporate advanced technology (such as virtual reality) into the meeting space, they may need to select a space that can accommodate those needs.Social factors: If there is a lot of public scrutiny on corporate spending, IBM may feel pressure to choose a more modest meeting space.Legal factors: If there are local laws and regulations that affect the use of meeting spaces (such as occupancy limits), IBM will need to ensure that the chosen space complies with those laws.4. A sales representative can identify who is responsible for purchasing meeting spaces, banquets, etc. at a large company by:
Researching the company's organizational structure and identifying the relevant departments (such as event planning or procurement).Asking for referrals from contacts within the company.Reaching out to potential decision-makers through networking events or cold calls.For example, if the sales representative wants to sell a hotel's meeting space to a large corporation, they might research the corporation's website and identify the events or procurement departments.
They could then reach out to the appropriate contacts to introduce themselves and offer their services.
5. A travel organization that has a separate section for organizational purchases is Hilton Hotels & Resorts. The organizational site differs from the customer site in a few ways:
The organizational site has a specific section dedicated to meetings and events, with information on meeting spaces, catering, and other services.The organizational site has tools for planning and booking large events, such as a customizable booking tool and a dedicated sales team.The organizational site offers resources and support for event planners, such as event planning guides and a team of event specialists.I think having a separate organizational and customer site can be beneficial for both the organization and the customer. It allows the organization to cater specifically to the needs of businesses and event planners.
It makes it easier for customers to find information and plan events. However, it's important for the organizational site to still provide a positive customer experience and be easy to navigate.
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Related Questions
We've Come a Long Way From Where We Began
Answers
Answer:
oh ill tell you all about it when i see you again
Explanation:
importance of entrepreneurship
Answers
Answer:
Entrepreneurship is important, as it has the ability to improve standards of living and create wealth, not only for the entrepreneurs but also for related businesses. Entrepreneurs also help drive change with innovation, where new and improved products enable new markets to be developed.
1. Name 3 ways the media plays a role in political campaigns. Which role, in your opinion has had the largest influence on American politics?
2. Name 3 ways the media influences voters. In your opinion, does the media positively or negatively affect voters and their opinions?
3. Does the government have more influence over the media, or do the media have more influence over the government?
Answers
1. Three ways that the media plays a role in political campaigns are:
i) Media coverage.
ii) Political advertising
iii) Debates
2. Three ways that the media influences voters are:
i) Agenda-setting
ii) Framing
iii) Endorsements
3. The government does not have more influence over the media than the media has over the government.
1. Three ways that the media plays a role in political campaigns are:
i) Media coverage - The media coverage of political campaigns plays a huge role in shaping the public's perception of candidates and their policies. It can highlight or ignore certain issues, present information in a biased way, and frame the narrative of the election.
ii) Political advertising - Political advertising is a way for candidates to reach a large number of people and promote their message. It can be used to attack opponents or promote a candidate's positive attributes.
iii) Debates - Debates are an opportunity for candidates to directly engage with each other and present their views to the public. They are often highly publicized and can have a significant impact on how voters view the candidates.
The role that has had the largest influence on American politics, in my opinion, is media coverage. This is because it has the ability to shape the narrative of the election and influence the public's perception of the candidates.
2. Three ways that the media influences voters are:
i) Agenda-setting - The media has the ability to set the agenda for what issues are important in an election. They can highlight certain issues or ignore others, which can influence what voters believe are the most important issues.
ii) Framing - The media can frame information in a way that influences how voters perceive it. For example, they can use certain language or focus on certain aspects of an issue to make it seem more positive or negative.
iii) Endorsements - When the media endorses a candidate, it can have a significant impact on how voters view that candidate.
Whether the media positively or negatively affects voters and their opinions is subjective and varies from person to person.
3. The government does not have more influence over the media than the media has over the government. The media is meant to serve as a watchdog of the government, holding elected officials accountable and providing the public with information about their actions. While the government may attempt to influence the media through policies and regulations, the media's independence and freedom of speech protect it from undue government influence.
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an organization with specialization of job tasks, vertical chain of command, and standard operating procedures is called
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An organization with specialization of job tasks, vertical chain of command, and standard operating procedures is called a Bureaucracy.
A bureaucracy is a large administrative structure characterized by a strict hierarchical structure of power, division of labor, and the strict adherence to standard operating procedures to accomplish goals. A bureaucracy's structure includes a well-defined chain of command that outlines the hierarchy of power from the top down, with each level of administration having its own degree of authority. Each employee has a specific specialization and expertise, and their work is subject to strict protocols and procedures to ensure uniformity and consistency.
A bureaucracy is an organization in which the employees have a specific job specialization and operate according to a set of established rules and procedures. They are usually formed to complete specific tasks in government and business, such as taxation, administration, and the provision of goods and services. Because of the rigid procedures and protocols that are in place, bureaucracies are generally slow to adapt to changing circumstances and may be seen as inflexible, hierarchical, and overly rigid.
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Which is an example of specialty media?
a) T-shirts with a store logo on them
b) A satellite television ad
c) A "midnight madness" sale
Answers
Answer:
a) T-shirts with a store logo on them
Hope it helps...
economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. the most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators. which of the following variables are measured as part of this index? check all that apply. government expenditures new applications for unemployment insurance technological advances hours worked by manufacturing workers consumer expectations true or false: short-run economic forecasts give the government useful information regarding expected tax revenues, but are not relevant to businesses because they cannot adjust output in the short run. false true suppose the most recent data show that the average initial weekly claims for unemployment insurance have recently increased. this change suggests period in the coming months.
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Since economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy, the variable that are measured as part of this index is A. Technological advances as a Leading indicator.
What is leading and lagging indicators?An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging indicator is a measurement of an output.
Future economic trends are predicted using leading indicators. Although no single indicator can predict the future, there has historically been a positive or negative correlation between various indicators and performance.
Therefore, one can say that Economic conditions have an impact on lagging indicators. After a good phase, some lagging indications will normally appear, and after a weak one, other indicators will. One indicator is not proof or performance on its own; once more, these indicators were chosen based on past trends.
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See full question below
Leading economic indicators
Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic indicators.
1. Which of the following variables are measured as part of this index?
A.Technological advances
B. New applications for unemployment insurance
C.The interest rate spread
D.Stock prices
E.The ratio of elderly to non elderly worker
Chang corporation sells products for $120 each that have variable costs of $80 per unit. Chang’s annual fixed cost is $720,000. Required use the per-unit contribution margin approach to determine the break-even point in units and dollars.
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Chang Corporation's unit has a break-even point of $2,160,000
What is the profit and loss account contribution margin approach?Contribution margin profit and loss statement is sales minus all variable costs to determine contribution margin. Then subtract the total fixed costs to get the net profit or net loss for the period. A company's revenue minus variable costs equals the contribution margin, which is the marginal profit per unit sold.
Contribution margin is calculated by subtracting the variable unit price from the selling price per unit. Often referred to as dollar contribution per unit, this metric shows how much a particular product contributes to a company's overall profit.
Given the:
Breakeven $ = 18,000
Break-even unit = $2,160,000
720,000/ (120-80)= 18,000
18,000 x 120 = 2,160,000
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Privacy laws include governing what
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How is an excise tax different from a sales tax an excise tax is not deductible?.
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If it's a personal expense, an excise tax is not deductible.Excise taxes that are typical and essential costs of operating your trade or service are deductible as business expenses.
Are excise taxes deductible?A tax levied on produced items at the time of manufacture as opposed to the time of sale is referred to as an excise tax.But the government levies a levy known as the sales tax on the sale of all products and services.Because it only applies to certain products, the excise tax differs from Excise taxes, unlike regular sales taxes, are typically levied as a percentage of the purchase price rather than a flat rate per unit.For example, the excise tax on cigarettes is determined by the cost of a pack.Moreover, the majority of gasoline excise taxes are calculated in cents per gallon.While sales tax is assessed on a considerably wider range of items, excise duty is only applicable to certain goods and services.Sales tax is often charged as a percentage of the cost, in contrast to excise duty, which can be calculated either on a per-unit basis or as a percentage of the cost.Excise taxes are levied on a wide range of goods, services, and activities.These taxes may be assessed against the producer, the retailer, or the consumer, depending on the tax.To learn more about excise tax refer
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Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. The firms that own the supply chain incur the expenses of high forecasting. The operations managers pay for the costs incurred due to high forecasting. The workers pay for the costs incurred due to high forecasting. The customers pay for it in the form of higher prices.
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Answer:
The question would be written again below with options attached this time, so as to aid understanding.
Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. A. The firms that own the supply chain incur the expenses of high forecasting. B. The operations managers pay for the costs incurred due to high forecasting. C. The workers pay for the costs incurred due to high forecasting. D. The customers pay for it in the form of higher prices.
The Correct Answer is: Option A (The firms that own the supply chain incur the expenses of high forecasting), and Option D (The customers pay for it in the form of higher prices).
Explanation:
Forecasting is a key process that helps companies, firms make financial and operational decisions through the act of predicting demand, supply of a market. Forecasting helps the firm plan for future price and price fluctuations, and it also helps firms make enough research on the right supply of goods that would be necessary to satisfy demand.
The customers, from the answer selected, are key members of the supply chain as their tastes, opinions, affect the supplier decisions. High forecast makes the customers pay for it in the form of higher prices.
The firms that own the supply chain incur the expenses of a high forecast. Firms use forecasting to help them develop business strategies. Firms make adequate research on how high forecast affects other members of the supply chain.
What phrase describes businesses who develop a positive relationship to
society
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Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.
Answers
Answer:
C or A
Explanation:
I could answer better with more context
Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their end goal of increasing sales and customer satisfaction?
Answers
Answer:
I have no clue
Explanation:
I need to answer something bc I'm new sorry
Answer:
Company Z can list the options on how to increase sales and make their business profit again. Some available options that can be listed are responding quickly to customer concerns instead of making them wait a long time, finding a way to have better parking, and to lower their overall prices when selling their products to customers.
Explanation:
For part a you are supposed to state what problems Company Z are having with their company, and if you look at the five steps, the next step for part b is to list some solutions to fix these problems. I hope this helps clarify part b a little bit!
The five steps are:
State the problem
List the options
Determine the pros and cons
Choose the best option
Evaluate the decision/choice
1.13sarnia is apart of proctor and gamble, she has been at the company for over 25 years. as she reflectson her current position in the company she can help but think about her excitement every time shewas offered a partnership post, but never made the final list of possible candidates for theposition. sarnia is reflecting on her__________________________.(1)a.suitability for the jobb.over-optimism for the jobc.her age and the change in her valuesd.her next career move
Answers
From the scenario that has been painted here, we can say that Sarnia is reflecting on her suitability for the job.
What is the issue that is reflected here?The issue that we are faced with here is that the person that is involved has been seeing herself to be long overdue for the position but unfortunately she has not been getting it. The position of partner in the job is what she wanted.
Hence we can conclude by saying that: From the scenario that has been painted here, we can say that Sarnia is reflecting on her suitability for the job.
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f. Medical profession is a very sensitive profession. Do you agree? Give
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Answer:
Medical profession is very sensitive and intellectual where human life is at risk. A successful effort of a doctor can save a life. Due to that, a doctor is known as 2nd God. When he attempts a major and long surgery, his endurance, hard work and mental ability spotlight his character.
Answer:
I am sry if u can't understand the handwriting
Explanation:
long ans . <3
4. Should the bank or the app store be required to do more due diligence on companies using their services to sell a product, limiting the offerings of companies who do not pass their screening, or should they only provide a platform for commerce to take place and allow the market to monitor companies?
PLS HELPPPPPPP ( BUSINESS LAW I)
Answers
From a business law perspective, the question of whether banks and app stores should be required to do more due diligence on companies using their services raises important issues of liability and contractual obligations.
Under traditional contract law principles, banks and app stores would likely be considered intermediaries or third-party facilitators, and as such, they would not typically be held liable for the actions of the companies using their services. However, in today's digital age, the reach and scope of these intermediaries has grown significantly, and so has their impact on the market and consumers. Given this, it could be argued that banks and app stores have a heightened responsibility to screen companies and ensure that they are not facilitating the sale of harmful or illegal products.
Additionally, from a liability perspective, there are laws such as the Electronic Communications and Transactions Act, that could be held to impose a duty of care for the protection of consumers for these types of intermediaries, which would increase their responsibilities of monitoring the companies which use their services.
In summary, although traditional contract law principles may suggest that banks and app stores should only provide a platform for commerce, the growth and impact of digital intermediaries and the current legal framework suggest that they should have a heightened responsibility to do due diligence on companies using their services, in order to protect consumers and maintain the integrity of the marketplace.
Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
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Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
Between 2019 and 2020, what happened to FDI due to COVID? Select the most complete answer based on video lecture.Group of answer choicesA. North America and Europe saw steep decline of FDI inflows.B. Greenfield FDI increased in most countries.C. Latin America FDI surpassed that of Asia.D. Cross-border M&A significantly increased.
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Between 2019 and 2020, According to the video lecture, the most complete answer based on the given options is: A. North America and Europe saw steep decline of FDI inflows.
Foreign direct investment (FDI) is the process of investing in production facilities, purchasing or leasing manufacturing machinery, or developing or purchasing new technologies. FDI, in short, refers to a foreign firm's investment in a host nation's local market.Explanation:After the COVID-19 epidemic began, there was a significant decline in FDI inflows. North America and Europe saw a steep decline in FDI inflows. Hence the correct answer is A. North America and Europe saw steep decline of FDI inflows.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
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($14)(25)=$350
($25)(11)=$275
$350+$275= $625
Louis files as a single taxpayer. In April of this year, he received a $900 refund of state income taxes that he paid last year.
How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,400. (Leave no answer blank. Enter zero if applicable.)
a. Last year Louis claimed itemized deductions of $12,650. Louis’s itemized deductions included state income taxes paid of $1,750 and no other state or local taxes.
Refund to be included in gross income.....?
b. Last year Louis had itemized deductions of $10,800 and he chose to claim the standard deduction. Louis’s itemized deductions included state income taxes paid of $1,750 and no other state or local taxes.
Refund to be included in gross income.....?
c. Last year Louis claimed itemized deductions of $13,840. Louis’s itemized deductions included state income taxes paid of $2,750 and no other state or local taxes.
Refund to be included in gross income.....?
Answers
the refund to be included in gross income is $0.
a. In scenario a, Louis claimed itemized deductions of $12,650, which included state income taxes paid of $1,750. Since Louis received a refund of $900 of the state income taxes paid last year, he must include the refund amount in his gross income. Therefore, the refund to be included in gross income is $900.
b. In scenario b, Louis had itemized deductions of $10,800 but chose to claim the standard deduction. Since Louis did not itemize his deductions for state income taxes paid, he does not need to include the refund in his gross income. Therefore, the refund to be included in gross income is $0.
c. In scenario c, Louis claimed itemized deductions of $13,840, which included state income taxes paid of $2,750. However, since the standard deduction last year was $12,400, Louis would have been better off claiming the standard deduction. Therefore, Louis did not actually pay the state income taxes of $2,750. As a result, he does not need to include the refund in his gross income.
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Jaime, a new student, was placed in a study group to prepare for an upcoming science test. Science is a difficult subject for him, and he was worried about failing the test. However, after a few study group sessions, he was much more comfortable with the concepts. Fellow group member Mike was able to explain cell division to him in a way he could finally understand! Jaime looked forward to learning more in each session and enjoyed getting to know his fellow group members. He even made plans to go to a movie with his new friends!
Which benefits of collaboration are evident in the scenario? Check all that apply.
Jaime was engaged in his learning.
Jaime formed a community bond.
Jaime remembered what he learned at test time.
Jaime got a fresh perspective on how to learn something that had been difficult in the past.
Jaime now understands the concepts more deeply.
Answers
Answer:a,b.d,e
Explanation:
all except for the one in the middle
Answer:
a, d, b, &e
Explanation:
please help me quick :( (sorry meant to put chem not business)
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11B: ? John manages a toy factory that
produces toy trains, baby dolls, and race cars.
Every day he receives a list from the local
government specifying how many toys he must
produce, what materials to use, and how much
each toy is to be sold for. He organizes the day's
work accordingly. This scenario closely aligns
with which of the following?
Answers
Answer:
Command economy
Explanation:
John is probably a public officer employed by the government to manage the factory. As an employee, John has to follow his employer's directives, who happens to be the government.
In a command economy, the government controls and owns production activities in the country. It determines the goods to be produced, their quantities, and price. All the factors of production belong to the government.
This scenario describes a command economy where the government controls the production activities.
Describe the Calvin Cycle.
Describe how the Na+-K+ pump and the K+-Na+ leak channels function to polarize a nerve cell membrane such that it attains its characteristic – 40 to – 90 mV resting potential.
Answers
The Calvin Cycle is a series of biochemical reactions that occur in the stroma of chloroplasts during photosynthesis. It is the second stage of photosynthesis and involves the conversion of carbon dioxide (CO₂) into glucose. The cycle utilizes the energy from ATP and NADPH, which are produced in light-dependent reactions, to synthesize glucose molecules.
The Na+-K+ pump and K+-Na+ leak channels play a crucial role in establishing and maintaining the resting potential of a nerve cell membrane. The Na+-K+ pump actively transports sodium ions (Na+) out of the cell while pumping potassium ions (K+) into the cell against their concentration gradients. This process requires ATP energy. By doing so, the pump helps maintain a higher concentration of K+ inside the cell and a higher concentration of Na+ outside the cell, resulting in an electrochemical gradient.
The K+-Na+ leak channels, on the other hand, provide a passive pathway for K+ ions to leak out of the cell and Na+ ions to leak into the cell. This leakage occurs due to the concentration gradients established by the Na+-K+ pump. The net effect is the polarization of the nerve cell membrane, with the inside becoming negatively charged relative to the outside. This polarization creates the characteristic resting potential of the nerve cell, typically ranging from -40 to -90 mV.
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suppose that the initial capital stock of the economy is positive. the steady-state capital stock is an increasing function of the initial capital stock
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True. The steady-state capital stock is an increasing function of the initial capital stock. This means that as the initial capital stock of the economy increases, the steady-state capital stock also increases.
When the initial capital stock of an economy is positive, it means that there is a baseline level of capital already present in the economy. In this scenario, the steady-state capital stock, which represents the long-term equilibrium level of capital, will be an increasing function of the initial capital stock.
The reason for this is that with a positive initial capital stock, there is already a foundation for further investment and capital accumulation. As the economy continues to invest and generate additional capital, the steady-state capital stock will progressively increase. This is because the initial capital provides a starting point for growth, and as more capital is accumulated over time, the economy can sustain a higher level of capital in the long run.
Therefore, the statement that the steady-state capital stock is an increasing function of the initial capital stock holds true in this context.
The question should be:-
suppose that the initial capital stock of the economy is positive. the steady-state capital stock is an increasing function of the initial capital stock
True or false
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How do you make decisions?
Answers
Answer:
Explanation: Making decisions can be challenging, but there are some steps you can take to make the process easier and more effective:
Identify the decision to be made: Start by clearly defining the problem or situation you're facing.
Gather information: Collect all the relevant information you need to make a decision. This can involve researching, seeking advice from others, or gathering data.
in the past decade, the dollar value of world trade has ______.
Answers
Options for this question include:
a. Tripled
b. Remained the same
c. Doubled
d. Declined
___________________________________________________________
World trade has been on the rise in the past decade and as a result, the dollar value of world trade has c. Doubled.
Thanks to more integration, less restrictive government policy, a rise in population and standards of living, world trade has increase over the past couple of decades such that:
Trade in goods has risen from $10 trillion in 2005 to $18.8 trillion in 2019Trade in services has risen from $2.5 trillion in 2005 to $6 trillion in 2019When looking at the trade of goods, one can see that trade has almost doubled and in the case of services, close to triple.
We can therefore conclude that world trade has doubled in the past decade.
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Any company of your choice has asked you to facilitate
development of a new strategy. for this assignment identify a
process you would follow. Provide detail for each step. Material
regarding this typ
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When developing a new strategy for a company, it's important to follow a well-structured process to ensure success. Here are the steps I would follow in order to facilitate the development of a new strategy for the company:1. Conduct a Situation Analysis: The first step in developing a new strategy is to conduct a situation analysis.
This involves assessing the current situation of the company, including its strengths, weaknesses, opportunities, and threats. This analysis will provide insight into what the company is doing well and where it needs to improve.2. Set Goals and Objectives: Once you have completed the situation analysis, the next step is to set goals and objectives for the company. Goals are the long-term aspirations of the company, while objectives are the short-term steps that will help the company achieve its goals.3.
Develop a Strategy: Based on the goals and objectives you have set, it's time to develop a strategy for the company. This strategy should be a roadmap that outlines how the company will achieve its goals and objectives. It should take into account the strengths, weaknesses, opportunities, and threats identified in the situation analysis.4. Implement the Strategy: Once you have developed a strategy, the next step is to implement it. This involves putting the plan into action and monitoring its progress.
This step may involve changes to the organizational structure, processes, and systems.5. Evaluate and Adjust: The final step in the process is to evaluate the success of the strategy and make adjustments as necessary. This involves monitoring the progress of the plan and making changes as needed to ensure that the company is on track to achieve its goals and objectives.Overall, following these steps will help ensure that the company is able to develop a successful strategy that will help it achieve its long-term goals and objectives.
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Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company. c. decides to exit industries to its core industry. d. decides to acquire its suppliers and distributors. e. decides to sell its business model to another company.
Answers
Answer:
b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
Explanation:
Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.
Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.
What is an example of a common part of a company's brand that would be represented in television
commercials?
Answers
Answer:
logos, product, company's name, :DDD and endorsers