In the problem stage of the consumer decision making process, marketers typically aim to expand a consumer's feeling of tension. This is done by highlighting any gaps between the consumer's current situation and desired situation.
For example, a marketer might emphasize how a consumer's current laptop is running slow and how much faster a new laptop would be.
During the information stage, the goal of the marketer changes. In this stage, the marketer tries to provide the consumer with the information they need to make an informed decision.
This could include product specifications, customer reviews, and comparisons of similar products. By providing this information, the marketer hopes to help the consumer make an educated decision that best suits their needs.
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Scenario: Mary Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 in fixed costs currently spent. In addition, Mary is proposing a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Mary's ideas but concerned about the effects these changes will have on the break-even point and the margin of safety. Compute the margin of safety ratio for current operations and after Mary's changes are introduced (Round to nearest full percent)
Answer:
Instructions are below.
Explanation:
Giving the following information:
Before:
Fixed costs= 270,000
Selling price= $40
Unitary variable cost= $24
Sales in units= 20,000
After:
Fixed costs= 294,000
Selling price= $38
Unitary variable cost= $24
Sales in units= 24,000
First, we need to calculate the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Before:
Break-even point in units= 270,000/ (40 - 24)
Break-even point in units= 16,875 units
After:
Break-even point in units= 294,000/14
Break-even point in units= 21,000 units
Now, the margin of safety ratio:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Before:
Margin of safety ratio= (20,000 - 16,875)/20,000
Margin of safety ratio= 0.156
After:
Margin of safety ratio= 3,000/24,000
Margin of safety ratio= 0.125
Dr. Sams,
I would liek to schedual an apointment for next Wednesday.
Thank you,
Susan
a.
red text
b.
poor grammar
c.
no greeting
d.
misspelled words
The
is a voice for small business.
O SBA
O SCORE
O SBDC
Answer:
SBA
Explanation:
Which of the following statements is CORRECT?
a) If the market risk premium increases by 1%, then the required return will increase for stocks that have a beta greater than 1.0, but it will decrease for stocks that have a beta less than 1.0.
b) The effect of a change in the market risk premium depends on the slope of the yield curve.
c) If the market risk premium increases by 1%, then the required return on all stocks will rise by 1%.
d) If the market risk premium increases by 1%, then the required return will increase by 1% for a stock that has a beta of 1.0.
e) The effect of a change in the market risk premium depends on the level of the risk-free rate.
Answer:
C) If the market risk premium.........
when we estimate the best-case, worst-case, and base-case cash flows and calculate the corresponding npvs, we are engaging in:_______
This is a process known as scenario analysis. Scenario analysis is a method of forecasting that involves examining different possibilities and their expected outcomes.
A base-case cash flow is the most likely outcome, while best-case and worst-case cash flow scenarios are used to provide a range of potential outcomes. The NPV for each of these scenarios is then calculated.
This gives an indication of the expected return on the investment, as well as the potential risk associated with the investment. This can be helpful in decision-making, as it provides a view of the expected profit or loss from different possible outcomes. This can help investors decide which investments to pursue and which to avoid.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Save the Prediction Formula to the Data Table. Create Confusion Matrices for 0.1 to 0.9 probability cut-offs with an increment of 0.1 using "Alternate cut-off confusion matrix" Add-Ins. Use Prob(Offer Accepted==Yes) for Predicted Value. Answer the following questions based on the Validation data set Confusion Matrix. Which probability cut-off has the highest sensitivity (assuming ‘Yes’ is the positive class?) What is the value? (2 points)0.9, 0.78%0.9, 79.85%0.1, 79.85%0.1, 53.91%
The probability cut-off with the highest sensitivity is 0.9 with a sensitivity value of 79.85%.
To find the probability cut-off with the highest sensitivity, you need to follow these steps:
1. Save the Prediction Formula to the Data Table: Add a column to your data table and calculate the predicted probabilities using the given prediction formula.
2. Create Confusion Matrices for 0.1 to 0.9 probability cut-offs: To do this, use the "Alternate cut-off confusion matrix" Add-Ins in your software. Set the range for the cut-off probability values from 0.1 to 0.9 with an increment of 0.1.
3. Use Prob(Offer Accepted==Yes) for Predicted Value: Ensure that you use the probability of the 'Yes' class (Offer Accepted) as the Predicted Value while creating the confusion matrices.
4. Analyze the Validation data set Confusion Matrix: Go through the confusion matrices created for the validation data set, and identify the probability cut-off with the highest sensitivity value.
Sensitivity is calculated as the ratio of True Positives (TP) to the sum of True Positives (TP) and False Negatives (FN). The higher the sensitivity, the better the model is at correctly identifying positive cases.
Based on the given options:
- 0.9, 0.78% has a sensitivity of 0.78%.
- 0.9, 79.85% has a sensitivity of 79.85%.
- 0.1, 79.85% has a sensitivity of 79.85%.
- 0.1, 53.91% has a sensitivity of 53.91%.
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Customer history is an example of what type of information?
Customer history is the example of transaction personal information. It is because customer history contain privacy information.
Personal information also known as 'Information or an opinion about an identified individual, or also known as an individual who is reasonably identifiable generally can be defined as the opinion or information is true or not; and. whether the information or opinion is recorded in a material form or not. The example of personal information are an individual's name, signature, address, phone number or date of birth, sensitive information, employee record information, and also customer information.
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In your own words, how do you apply for scholarships
After completing the "fill in the blanks" Comprehension Check located within the Module 6 Overview, complete the following. Using chapter 14 from the book as a guide, discuss the role consumers play in new product development and discuss which new product classification they influence the most and why.
In conclusion, consumers play a significant role in new product development by providing valuable insights and feedback. Among the various classifications of new products.
They have a particularly strong influence on incremental innovations. Their involvement and preferences guide companies in refining and enhancing existing products to better meet market needs and remain competitive. By actively engaging with consumers, companies can capitalize on their knowledge and contribute to the development of successful products that resonate with the target audience.
In new product development, consumers play a crucial role in shaping the success and direction of innovative offerings. Their involvement and feedback can significantly impact the outcome of new product initiatives. Chapter 14 of the book provides insights into the various ways consumers contribute to the development of new products and the classification they influence the most.
Consumers contribute to new product development through their involvement in market research, product testing, and idea generation. Their insights and preferences guide companies in understanding market needs and preferences, allowing for more targeted and effective product development. Consumer involvement can take various forms, such as surveys, focus groups, and co-creation sessions, where they actively participate in shaping the features and attributes of new products.
One classification of new products that consumers influence the most is "Incremental Innovations." Incremental innovations refer to product enhancements or improvements made to existing products in response to consumer feedback or changing market demands. Consumers' preferences and feedback play a pivotal role in driving these incremental changes.
Companies engage with consumers to gather insights on areas of improvement, identify pain points, and refine features to enhance the existing product. This close collaboration ensures that the product aligns with consumer expectations and remains competitive in the market.
Consumers' influence on incremental innovations stems from their direct experience with the existing product, making them valuable sources of feedback and ideas for improvement. Their suggestions and preferences shape the direction of the enhancements, ensuring that the changes are aligned with market needs and increase the product's value proposition.
By actively involving consumers in the development of incremental innovations, companies can tap into their knowledge, preferences, and usage patterns. This consumer-centric approach increases the likelihood of success, as it ensures that the enhanced product aligns with the target market's expectations and provides tangible benefits or value.
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Franklin is planning for a purchase of a vehicle in two years. Since he wants to be
certain that his funds are safe (insured), which of the following should he use? *
O A credit card
O A mortage
O A loan
O A savings account
Answer: A Savings Account
Explanation:
Simple Simon's Bakery purchases supplies on terms of 1.8 divided by 10 comma net 301.8/10, net 30. If Simple Simon's chooses to take the discount offered, it must obtain a bank loan to meet its short-term financing needs. A local bank has quoted Simple Simon's owner an interest rate of 10.7 %10.7% on borrowed funds. Should Simple Simon's enter the loan agreement with the bank and begin taking the discount?
Answer and Explanation:
The computation is shown below;
Here we have to determine the impact of not considering the discount
effective cost of not considering discount is
= ((1 + (r ÷ (1 - r))^(365 ÷ (due date - discount period)) - 1
= ((1 + (0.019 ÷ (1 - 0.019)))^(365 ÷ (30-10)))-1
= 39.30%
Since effective cost of not considering discount is more than the interest rate so the simon should entered into the loan agreement
You are advising Aramco in Saudi Arabia. The firm is in high-growth stage and is looking at the optimal way to finance it. Looking at petroleum companies in the U.S, it concludes that a significant proportion of capital should come from debt. Is this conclusion justified? Why and why not?
Answer:
No the conclusion is not justified
Explanation:
The decision is not justified and this because , Aramco stage in business ( High-growth stage ) will most likely be different from that of the petroleum firms in the US. This might be due to tax advantage of debt for firms in US which might be absent in Saudi Arabia. also the cost of finding Oil in the US might be higher when compared to the cost of finding Oil in Saudi Arabia
Hence the decision is not justified
Question 11 of 16 : Select the best answer for the question. 11. Customers of a popular shoe store chain can purchase items in-store and online or via their mobile app. The customer also receives texts and emails about current promotions and sales. This is an example of:
The scenario describes a popular shoe store chain that allows its customers to purchase items through various channels such as in-store, online, and via their mobile app. Additionally, the customers are receiving texts and emails about current promotions and sales.
This scenario is an example of an omnichannel retail strategy. An omnichannel retail strategy refers to a seamless and integrated approach to retail that focuses on providing a consistent and personalized shopping experience across all channels, whether in-store, online, or via mobile devices.
By allowing customers to purchase items through multiple channels, the shoe store chain is providing convenience and flexibility to its customers. Furthermore, by sending texts and emails about current promotions and sales, the shoe store chain is engaging with its customers and keeping them informed about new products, sales, and discounts.
In conclusion, the scenario provided is an excellent example of an omnichannel retail strategy that provides a seamless and personalized shopping experience to customers. By using multiple channels to engage with customers and offering various purchasing options, the shoe store chain is providing a convenient and enjoyable shopping experience to its customers.
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What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
Which of the following items are elements of a monthly checking account statement? i. a period (beginning date and ending date) ii. a beginning balance and ending balance. iii. a detailed list of debits and credits during the period. a. i and ii b. i and iii c. ii and iii d. i, ii and iii
The major elements of a monthly checking account statement are period, account balance and debits and credit during the period.
What do you mean by checking account?A checking account refers to the type of bank account that provides a flexibility of depositing money as well as withdrawls for the daily business transactions.
A bank statement refers to a type of document that is sent by the bank to its holder providing summary of all the transactions of an account for a month including a period, beginning and ending balance and detailed list of debits and credits.
Therefore, D is the correct option.
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Answer:
The answer is D
Explanation:
edge 2022
A. Using the data under d1 and d2, calculate the cross elasticity of lorena's demand for golf at all three prices. (to do this, apply the midpoints approach to the cross elasticity of demand. ) at $50, cross elasticity =. At $35, cross elasticity =. At $20, cross elasticity =. Is the cross elasticity the same at all three prices?. Are movies and golf substitute goods, complementary goods, or independent goods?.
b. Using the data under d2 and d3, calculate the income elasticity of lorena's demand for golf at all three prices. (to do this, apply the midpoints approach to the income elasticity of demand. ) at $50, income elasticity of demand =. At $35, income elasticity of demand =. At $20, income elasticity of demand =. Is the income elasticity the same at all three prices?. Is golf an inferior good?
a. At $50, cross elasticity = 0.6. At $35, cross elasticity = 0.8. At $20, cross elasticity = 1.0.
b. At $50, income elasticity of demand = 0.2. At $35, income elasticity of demand = 0.5. At $20, income elasticity of demand = 0.8.
The cross elasticity is not the same at all three prices. Movies and golf are substitute goods because as the price of golf increases, the demand for movies also increases, indicating that consumers are substituting one good for another.
The income elasticity is not the same at all three prices. Golf is not an inferior good because as income increases, the quantity demanded for golf also increases, indicating that it is a normal good.
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Real GDP is the yearly production of final goods and services valued at:
A. the ratio of current prices to constant prices.
B. current prices.
C. constant prices.
D. expected future prices
In the field of economics, real GDP is the total dollar worth of all finished goods and services produced within a given fiscal year, assessed at constant prices.
What is the real GDP measured in?Calculating real GDP Typically, real GDP is calculated by subtracting the GDP deflator from nominal GDP (R). For instance, the deflating figure is 1.01 if an economy's prices have risen by 1% from the base year. assuming a nominal GDP of $1 million.
Does production at constant prices have a value in real GDP?Real GDP is a measurement of how much is actually generated. Real GDP weights output using prices from a base year. Real GDP accounts for changes in the level of the general price level by measuring aggregate output at constant prices.
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A variable can be called or referenced before it has been defined.
O True
O False
Answer:
True.
Explanation:
Describe the strategic management process and list the four components of he strategic management process
The strategic management process means illustrating the company's strategy which involves planning, setting and direction of goals in order to achieve goals within a given period of time to make a company more competitive.
The four components of the strategic management process:-
Collecting Information - It involves gathering of information of internal and external factors that can influence a company.Strategy Formulation - This step involves what action should be taken to achieve goals.Strategy Implementation - In this the actions which have decided are executed swiftly for achieving goals.Strategy Evaluation - After implementation of strategy, it should be monitor and corrective actions should be taken if there are issues.Read more about Strategy Evaluation on brainly:-
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ASSIGNMENT INSTRUCTION Meeting is one of the activities that commonly occur in a workplace. There are many purposes of meeting being conducted. It depends on the type of meeting and issues or problems
Certainly! Meetings are common activities in the workplace and serve various purposes depending on the type of meeting and the issues or problems to be addressed.
One primary purpose of meetings is to facilitate communication and collaboration among team members or stakeholders. Regular team meetings allow members to share updates, discuss progress, and align their efforts towards achieving shared goals. These meetings promote transparency, foster a sense of unity, and enhance coordination within the team.
Meetings also serve as a platform for decision-making. When complex issues or important decisions need to be addressed, a meeting provides an opportunity for stakeholders to gather, exchange ideas, and collectively make informed choices. Decision-making meetings ensure that all relevant perspectives are considered, resulting in more effective and well-rounded decisions.
Furthermore, meetings can be used for problem-solving and brainstorming sessions. By bringing together individuals with diverse expertise and insights, meetings enable the identification of challenges, exploration of potential solutions, and generation of innovative ideas. These collaborative sessions promote creativity, critical thinking, and collaborative problem-solving, leading to improved outcomes and the development of effective strategies.
In summary, meetings in the workplace serve various purposes, including communication, decision-making, and problem-solving. They facilitate collaboration, promote teamwork, and provide a platform for addressing issues and achieving organizational objectives.
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Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
After posting adjusting entries to the general ledger, a company typically prepares:_______.
After posting adjusting entries to the general ledger, a company typically prepares financial statements.
Financial statements are often created by a corporation after adjusting entries have been posted to the general ledger. Financial statements are official records that offer a summary of a company's earnings and position for a given time period. They are created after the conclusion of an accounting period, which could be a month, quarter, or year, and are crucial for determining the financial health of the firm and for making wise business decisions.
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two preliminary steps to be taken before a risk assessment begins are defining the assessment and reviewing previous findings. T/F?
True. Before conducting a risk assessment, it is important to take two preliminary steps: defining the assessment and reviewing previous findings.
Defining the assessment involves establishing the scope, objectives, and boundaries of the risk assessment. This step helps ensure that the assessment focuses on the relevant areas and provides clarity on what risks will be evaluated. Defining the assessment also includes identifying the stakeholders involved, determining the resources needed, and establishing the timeline for the assessment.
Reviewing previous findings is crucial to build upon existing knowledge and avoid duplication of efforts. This step involves examining any previous risk assessments or related studies conducted within the organization or industry. Reviewing previous findings helps identify potential risks that have already been identified and evaluated, as well as any risk mitigation measures that have been implemented. It also helps determine if there are gaps in the previous assessments that need to be addressed in the current assessment.
By taking these preliminary steps, organizations can ensure that the risk assessment is focused, comprehensive, and builds upon existing knowledge and insights. This enhances the effectiveness of the risk assessment process and contributes to informed decision-making and risk management strategies.
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The state of Texas recently saw a gasoline price increase of 5%, which brought about a fall in the quantity of gasoline purchased of 1%. The price elasticity of demand is equal to _____, and demand is described as _____.
The price elasticity of demand is equal to 0.2, and demand is described as inelastic.
What is the price elasticity of demand?
Price elasticity of demand measures how quantity demanded changes when there is a change in the price of a good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic when the price elasticity of demand is less than one.
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When creating a résumé, other experiences should be included only if they are relevant to the job objective.truefalse
When creating a résumé, other experiences should be included only if they are relevant to the job objective. true
Why is it crucial to just include information that is relevant on your resume?
Recruiters want to be certain that you are serious about the position and are not simply flooding the internet with applications for every open position. This implies that if you have a lot of expertise in other, unrelated subjects, you might want to opt to concentrate exclusively on those that are specifically relevant to the career or field you seek.
Employers may learn more about you, see your qualifications, and request an interview by reviewing your resume.
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congress debates a tax cut for three months. by the time it goes into effect, the recession is ending, and inflation results. what does this example illustrate?
The scenario illustrated, by the Congress on Tax cut is an example of policy lag.
What is Policy lag?Policy lag means the lag between the time an economic problem occurs (i.e. recession,inflation) and the effect of a policy intended to counteract it.
Here, the tax cut is expected to bring the economy out of recession, whereas, an inflation is occurring as a result of the policy lag.
Therefore, the scenario illustrated, by the Congress on Tax cut is an example of policy lag.
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If a company needs to reduce costs and doesn't feel pressured to adapt its products to a local market, it should use a _________ strategy to compete internationally.
If a company needs to reduce costs and doesn't feel pressured to adapt its products to a local market, it should use a standardized strategy to compete internationally.
Standardized strategy is a form of strategy where products are designed for worldwide use in the same way as they are in the home market. Standardization strategy involves creating standardized products that are similar worldwide, with the exception of minor variations to satisfy local market needs.
Why do companies choose a standardized strategy?One of the primary reasons businesses choose a standardized approach is to lower production expenses. Creating a single product that can be used in various markets worldwide can save a company a lot of money on research and development, as well as production costs. Other benefits of standardized strategies include having a unified corporate identity, being able to take advantage of economies of scale, and reducing global marketing costs.
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If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to be: A. Taxed B. Prohibited C.Subsidized D. Left alone
Answer:
C. Subsidized
Explanation:
According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.
In for peny, in for a pound , taking care of the rands and cents
Answer:
l don't understand the question you ask