Lorena considers coffee and tea to be substitutes. therefore, the cross elasticity, also known as cross price elasticity, of demand between coffee and tea for Lorena must be positive.
The cross elasticity of demand for alternative goods is always positive since the demand for one good rises when the price of the substitute good rises. For example, if coffee prices grow, users will switch to tea, a substitute beverage, which is more affordable and substitutable. This is also reflected in the cross elasticity of the demand formula. The denominator (the price of a coffee) and numerator (the percentage change in the demand for tea) both exhibit positive escalations.
Since Lorena finds coffee and tea to be suitable substitutes, therefore, for Lorena, the cross elasticity of demand between coffee and tea, commonly known as the cross-price elasticity, must be positive.
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Lorena considers coffee and tea to be substitutes. Therefore, the cross-price elasticity of demand between coffee and tea for Lorena must be
a. positive
b. negative
c. positive and higher than 1
d. positive and less than 1
True/False: in determining the optimal weighted average cost of capital, an mnc can never have too much debt.
False. In determining the optimal weighted average cost of capital, an MNC can actually have too much debt. While debt can be a cheaper source of capital compared to equity, it comes with the risk of default, which increases the overall cost of capital.
As the debt level increases, the cost of equity also increases as investors demand higher returns to compensate for the higher risk. Therefore, there is an optimal debt-to-equity ratio for each company that maximizes the value of the firm and minimizes the cost of capital. This ratio varies depending on the industry, company size, and other factors. An MNC needs to find the right balance between debt and equity to achieve the optimal weighted average cost of capital. Answering more than 100 words, we can conclude that debt is not always a good thing and too much debt can actually harm the MNC's cost of capital.
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According to the book, the first American advertising agencies that purchased space in newspapers and sold it to various merchants were known as:
According to the book, the first American advertising agencies that purchased space in newspapers and sold it to various merchants were known as space brokers. These early agencies emerged in the mid-1800s, as newspapers began to expand their circulation and advertisers recognized the potential of using newspapers to reach a wider audience.
Space brokers played a crucial role in the development of modern advertising in the United States. They provided a centralized point of contact for merchants looking to advertise in newspapers, simplifying the process of placing ads and negotiating rates. By pooling resources and purchasing space in bulk, space brokers were able to offer more competitive rates than individual advertisers could obtain on their own. Over time, space brokers evolved into full-service advertising agencies, offering a range of services beyond simply purchasing and placing ads.
They began to provide creative services, such as designing ad copy and creating campaigns, as well as research and analysis to help advertisers target their messages more effectively. Today, advertising agencies continue to play a central role in the advertising industry, providing a range of services to help businesses connect with their audiences through a variety of media channels. While the industry has evolved significantly since the days of the space brokers, their legacy lives on in the modern advertising landscape.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 22.4 Process time 7.3 Inspection time 1.9 Move time 4.5 Queue time 6.6 The manufacturing cycle efficiency (MCE) was closest to:
Answer: 0.36
Explanation:
Given the following information :
Hours Wait time = 22.4
Process time = 7.3
Inspection time = 1.9
Move time = 4.5
Queue time = 6.6
The Manufacturing Cycle Efficiency (MCE) equals:
The ratio of the process time and the throughput time
The throughput time (Manufacturing cycle) regers to the duration of time required to manufacture a particular product.
It is usually the sum of the process, inspection, move and queue time.
Therefore, throughput time equals ;
(process + inspection + move + queue) time.
(7.3 + 1.9 + 4.5 + 6.6) = 20.3
MCE = PROCESS TIME / THROUGHPUT TIME
MCE = 7.3 / 20.3 = 0.3596 = 0.36
When advertising increases brand loyalty for your company's brand, then the company's demand curve becomes:
Advertising often uses different ways to improve brand loyalty. The company's demand curve becomes more inelastic.
Brand Loyalty is very important and beneficial to businesses because it can result to constant purchases by consumers, higher revenues, and customer referrals.
It is regarded as a positive association that consumers cling to a specific product or brand. Customers who show brand loyalty are always buying a product or service.
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A soft drink manufacturing company is trying to venture into the Middle-Eastern market. They are conducting market research with regard to their target customers and their
preferences. They have to be mindful of the mindset and beliefs of the people to penetrate the market.
When advertising they have to employ the___________
advertising tool
Answer:
The answer is Direct Marketing Tool
Explanation:
Direct marketing is a form of push advertising that uses fliers, coupons, direct mail, email, social media, television infomercials with callback numbers, telemarketing and door-to-door visits to bring products and services directly to customers.
Answer:
Direct Marketing
Explanation:
Why might it be risky to purchase a preowned vehicle from a
private owner?
State and explain any four unique characteristics of the individual.
Each individual is unique in their own way, with their own set of characteristics and traits that distinguish them from others. Here are four unique characteristics of an individual. Personality - Personality is one of the most distinctive characteristics of an individual.
It is the set of traits, behaviors, and attitudes that make up who a person is. Some people are outgoing and sociable, while others are introverted and prefer to spend time alone. Some are optimistic and cheerful, while others are more pessimistic and serious. Personality can also be influenced by factors such as upbringing, life experiences, and cultural background. Intelligence - Intelligence is another unique characteristic of an individual.
It is the ability to learn, understand, and apply knowledge and skills. Intelligence can take many forms, such as logical-mathematical, linguistic, spatial, and emotional intelligence. Some people are naturally gifted in certain areas, while others may need to work harder to develop their intellectual abilities. Creativity - Creativity is a unique characteristic that sets some individuals apart from others. It is the ability to come up with new and innovative ideas, solutions, and perspectives. Creativity can manifest in various forms, such as art, music, writing, and problem-solving. Some people are highly creative, while others may struggle to think outside the box. Resilience - Resilience is the ability to overcome adversity and bounce back from challenges and setbacks. It is a unique characteristic that is shaped by life experiences and personal beliefs. Some people are naturally resilient, while others may need to cultivate this trait through practice and self-reflection. Resilience can help individuals to cope with stress, build stronger relationships, and achieve their goals. In conclusion, these are just a few of the many unique characteristics that make each individual special. It is important to recognize and appreciate these differences, as they contribute to the rich diversity of the human experience. I understand that you would like to know four unique characteristics of an individual. Personality: Each individual has a unique personality that defines their way of thinking, feeling, and behaving. This can be shaped by genetics, upbringing, and life experiences. Personality traits can include introversion/extroversion, conscientiousness, and emotional stability. Values and beliefs: Every individual holds a set of personal values and beliefs that influence their decisions, actions, and perceptions of the world. These can be shaped by family, culture, religion, and personal experiences. Talents and skills: Individuals possess unique talents and skills, which can be innate or acquired through learning and practice. Examples of these skills can include artistic abilities, problem-solving, communication, or leadership. Physical attributes: Each person has a unique combination of physical attributes, such as height, weight, hair color, eye color, and facial features. These characteristics contribute to a person's appearance and can impact how they are perceived by others. In summary, the four unique characteristics of an individual include their personality, values and beliefs, talents and skills, and physical attributes. Each of these characteristics contributes to what makes a person unique and sets them apart from others..
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what is a factor that affects a business relations with its customers?
There are the following factors on which the business relationship with its customers depends.
1. Treat your customers politely: Customers become happy only if all their issues are resolved correctly and early. Being a representative of your business address your customers by their name and with due respect at the very beginning of the conversation to let them know that you know their very Vell name and try to interact with them genuinely to know their problems and to fix them all.
2. Become a good listener: Always try to hear your customer what is saying and listen to their problems. Truly listening to your customers is very important it not only helps to resolve issues rather it is one of the customer relationship building processes Listening gives them satisfaction. They will get satisfaction after positively talking to you.
3. Try to build trust: It needs many positive experiences to cover up the dissatisfaction of a single negative experience of a customer. In the customer relationship-building process it is necessary to build trust among your customers. always say the truth to your customers. Let your customers know clearly about all the new positive and negative changes occurred in your products or services. Be honest as well as transparent because these are crucial factors in customer relationship building.
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Grace found herself in a breach of contract situation where the other party met some of the terms but not others. Grace thought it would cost a lot of time and money to sue, so she decided to accept the work that had been done and call it good. This is an example of ______.
Answer: accepting partial performance
Explanation:
From the question, we are informed that Grace found herself in a breach of contract situation where the other party met some of the terms but not others and she thought it would cost a lot of time and money to sue, so she decided to accept the work that had been done and call it good.
The above scenario is an example of accepting partial performance. This is a partial performance because there's a breach of contract as not all the terms that were involved are met.
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.
One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.
What is Currency?Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.
The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.
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which 3 navigation features are missing in a reports only user view in quick books
They cannot access the customer list or view any customer details beyond what is included in the reports they have access to. In summary, Reports Only users in Quick Books are limited in their access to the software and cannot add, edit, or view certain information that is available to full account holders.
As we know, QuickBooks provides a ‘Reports Only’ feature to users who don’t need the additional accounting features that come with a full QuickBooks account. This feature allows users to view reports in their account without the ability to add or edit transactions, customers, or other critical information. However, Reports Only users are limited in their access to the software.
Below are three navigation features that are missing in a ‘Reports Only’ user view in Quick Books: Invoice Creation: Reports Only users cannot create invoices. They can only view invoice reports that are generated in QuickBooks. Therefore, if they want to create an invoice, they need to request access from the main account holder or upgrade their account.
Viewing Account Balances: Reports Only users can only see the reports that are available to them in QuickBooks. They cannot access the bank accounts or credit cards in their account. Therefore, they cannot view the balances or any of the details associated with those accounts. Adding or Editing Customers: Reports Only users cannot add or edit customers in their account.
Therefore, they cannot access the customer list or view any customer details beyond what is included in the reports they have access to. In summary, Reports Only users in QuickBooks are limited in their access to the software and cannot add, edit, or view certain information that is available to full account holders.
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Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
Which statement describes the relationship between risk and returns?
a) higher risks often leads to lower potential returns.
b) higher riskes often leads to higher potential returns.
c) lower risks often leads to higher potential returns.
d) moderate risks often leads to highest potential returns.
Answer:
B) higher riskes often leads to higher potential returns.
Explanation:
Help!!!
Assume that you have been newly hired to a great company and you would like to keep your job. What are some of the strategies that you can demonstrate in order to keep your job in a competitive market? In a paragraph or two, describe at least three of these strategies and give reasons why you believe they are important.
Answer:
Work ethics is defined as the set of moral values, benefits, and virtue by which an individual can strengthen their character and abilities. It is based on the determination, importance of work, and desire to work hard.
The three ways in which a newly hired employee can do great at the company are:
1. Integrity and Honesty are the two values that are most important in a workplace. The individual should be honest about the work and work with full determination.
2. Discipline and Responsible for the kind of work the individual is doing. The person should have the desire to work hard, responsibly, and have the discipline to achieve promotion in a company.
3. Productivity and communication are also the key elements of work ethics. The person should increase and bring out productivity every day and have excellent communication skills.
Therefore, responsibility, honesty, hard work, and discipline are some of the elements to achieve great at a company.
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Explanation:
Explain to the management of SSSMM the impact of the following socio-
economic issues on their business.
a.Inflation
b.Dumping
Answer:
inflation
Explanation:
this a process by which prices of a particular goods are high
Dylan invested $7,200 in an account paying an interest rate of 2. 3% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 12 years?.
The future value of the investment after 12 years will be $9,481.
What is future value?The future value of an investment is its value at a future date. It is obtained by multiplying the present value of an asset by its growth rate raised to the number of periods for the investment.
We can compute the future value of an asset with this model:
FV = PV(1+r)^n
where:
FV = future value
PV = present value
r = annual interest rate
n = number of periods interest held
We can also compute the future value by inputting the variables on an online financial calculator as follows:
Data and Calculations:Investment amount = $7,200
Compound interest rate = 2.3% quarterly
Period of investment = 12 years
N (# of periods) = 48 (12 x 4)
I/Y (Interest per year) = 2.3%
PV (Present Value) = $7,200
PMT (Periodic Payment) = $0
Results:
FV = $9,481.01
Total Interest $2,281.01
Thus, the future value of the investment after 12 years will be $9,481.
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How much does one need to have to open a bank
Select the items that are needs from your bank statement. ABC BANK Available Balance $230.00 Cell phone plan$45 Rent$400 Car insurance$60 Backpack$10 Electric bill$60 Car payment$250 Submit
Answer:everything but the backpack
Explanation:
Briefly discuss the main bases of compensation, including hourly, piecework, salaried, and exempt vs. nonexempt.
Salaried: Those who are salaried are paid the same amount each week regardless of how many hours they put in. As mentioned previously, exempt workers must be compensated on a salary basis. Employees who are not excluded from pay may get salaries for a set amount of hours or according to the variable workweek technique. Despite being paid a salary, nonexempt workers are nonetheless entitled to overtime pay under federal and state regulations.
Hourly: A person paid on an hourly basis for services rendered. These people are typically considered nonexempt and are governed by the FLSA's overtime rules due to the way they are paid. Those exempt under the professional exemption, such as teachers, lawyers, and computer experts, may also be compensated on an hourly basis.
Exempt: The FLSA's prohibition on overtime pay does not apply to anyone who meets the requirements to be an executive, professional, administrative, or outside sales employee. Additionally, some computer professionals might not be eligible. Except for a few circumstances, exempt employees need to be paid a wage.
Nonexempt: workers must be paid overtime for any hours beyond 40 in a workweek if they are not exempt from the FLSA's overtime rules (as well as any state overtime provisions). Non-exempt workers may receive a salary, pay on an hourly basis, or any other form of compensation.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
What two factors influence an economic school of thought?(1 point)
Answer:
Free-market, or laissez-faire, economics and Keynesian theory.
Explanation:
The economic school of thought can largely be influenced by prevailing societal values and the historical context in which the theory is developed.
There are many factors that might influence an economic school of thought, but the two key elements are often prevailing societal values and historical context. Prevailing societal values can drastically influence an economic philosophy.
Furthermore, the historical context in which an economic thought emerges is crucial. Economists develop their theories in response to the economic challenges and realities of their time. The Great Depression deeply influenced Keynesian economics, and the stagflation of the 1970s prompted a shift towards monetarism.
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How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?a. $438.03b. $461.08c. $485.35d. $510.89e. $537.78
Answer:
The present value is $537.78
Explanation:
Given
\(Future\ Value\ (FV) = \$20,000\\Time (T) = 50\ Years\\Discount\ Rate\ (R)= 7.5\%\)
Required
The Present Value(I)
To calculate the present value, we simply apply the formula for future value;
\(FV = I *(1 + R)^T\)
Substitute 20,000 for FV; 50 for T and 7.5% for R;
This gives
\(20,000 = I *(1 + 7.5\%)^{50}\)
Convert percent to decimal
\(20,000 = I *(1 + 0.075)^{50}\)
\(20,000 = I *(1.075)^{50}\)
\(20,000 = I *37.19\)
Divide both sides by 37.19
\(\frac{20,000}{37.19} = \frac{I *37.19}{37.19}\)
\(\frac{20,000}{37.19} = I\)
\(537.778 = I\)
\(I = 547.78\ (Approximated)\)
Hence, the present value is $537.78
b) What is a complete business plan? What are the major contents
that are to be included in a business plan?
A complete business plan is a comprehensive document that outlines the goals, strategies, and operations of a business. Some of the major contents are an executive summary, company description, market analysis, financial projection and so on.
A complete business plan is a detailed document that serves as a roadmap for a business's future success. It provides a comprehensive overview of the business, its objectives, and the strategies to achieve those objectives. The business plan is essential for guiding the company's operations, attracting investors, and securing financing.
The major contents of a business plan typically include: Executive Summary: This section provides a concise overview of the business plan, highlighting its key points and objectives. Company Description: It offers an in-depth look at the company, including its mission statement, legal structure, ownership, and location.
Market Analysis: This section examines the target market, industry trends, customer needs, and competition. It helps the business understand its market position and develop effective marketing strategies. Organization and Management: It outlines the organizational structure, key personnel, and their roles within the company. This section demonstrates the expertise and capabilities of the management team.
Apart from the above other major contents that are to be included in a business plan are Product/Service Offerings, Marketing and Sales Strategies, Financial Projections, Funding Requests. These serves as a valuable tool for guiding decision-making, attracting stakeholders, and ensuring the success and sustainability of the business.
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you buy a rental property for $250,000, paying $75,000 in cash and borrowing the rest. the net rental income the first year is $14,000 and, after one year, the property is worth $260,000. total interest paid in the first year is $8,700. what is your annual rate of return on this investment?
The annual rate of return on the investment given above will be 20.4 percentage in the situation above-mentioned.
The computation of the ARR, or the annual return rate, can be done using the provided values in the above information, and input of these values into the formula, as below,
Annual Rate of Return = (Return on Investment − Investment Costs) / Investment Costs
Annual Rate of Return = (260000+14000−175000-8700) / 75000
Annual Rate of Return = {90300 − 75000} / 75000
Annual Rate of Return = 20.4
As a result, the annual rate of return will be 20.4 percentage.
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Ms. baker needs 20 pounds of deli meat to make sandwich trays for a party. she bought 4.86 pounds of turkey and 6 1/3 pounds of ham. how many more pounds of deli meat ms. baker needs?
Ms. Baker needs 9.81 pounds more deli meat.
How much additional deli meat does Ms. Baker need?In order to calculate the amount of additional deli meat Ms. Baker needs, we first add up the pounds of turkey and ham she has already purchased.
Ms. Baker bought 4.86 pounds of turkey and 6 1/3 pounds of ham. To work with a common denominator, we convert the fraction to a decimal: 1/3 is equal to 0.33. Adding the turkey and ham, we have a total of 4.86 + 6.33 = 11.19 pounds.
To find the remaining amount of deli meat needed, we subtract this total from the required 20 pounds. Subtracting 11.19 from 20, we get 8.81 pounds. Therefore, Ms. Baker needs 9.81 pounds more deli meat to make the sandwich trays for her party.
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Which of the following current assets is NOT included when calculating the acid-test ratio?
A.Inventory
B.Cash
C.Marketable securities
D.Accounts receivable
Inventory is NOT included when calculating the acid-test ratio. The acid-test ratio, also known as the quick ratio, is a liquidity ratio that focuses on a company's most liquid assets. The correct option is A.
The formula for the acid-test ratio is (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities. As you can see, inventory is not included in the calculation because it is considered less liquid than the other assets. The acid-test ratio is a more conservative measure of a company's short-term liquidity compared to the current ratio, as it only considers assets that can be quickly converted to cash. This helps assess a company's ability to meet its short-term obligations without having to rely on the sale of inventory, which may take more time.
In summary, the acid-test ratio does not include inventory in its calculation, focusing instead on cash, marketable securities, and accounts receivable to determine a company's short-term liquidity.
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Controlling the materials price variance is usually the responsibility of: A. The purchasing agent.B. The marketing director C. The production supervisor. D. The cost accountant.
Out of the alternatives given above, it may be ascertained that the purchasing manager or agent is responsible for controlling the materials price variance within the organization. Therefore, the option A holds true.
The purchasing manager of an organization can be referred to or considered as the personnel who are responsible for fulfilling all the managerial duties and functions related to the price and production of the goods being produced within an organization. They usually work in close coordination with the production managers.
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what is the role of the entrepreneur in the modern economy? A. to create jobs B. to take big risks C.to preserve natural resources D.to generate wealth
Answer:
D
Explanation:
They invest and risk their money--and other people's money--to produce a product or service that can be sold at a profit