Answer:
Most of the numbers are missing, so I looked for a similar question:
The Steel Mill is currently operating at 84 percent of capacity. Annual sales are $28,400 and net income is $2,250. The firm has current liabilities of $2,700, long-term debt of $9,800, net fixed assets of $16,900, net working capital of $5,000, and owners' equity of $12,100. All costs and net working capital vary directly with sales. The tax rate and profit margin will remain constant. The dividend payout ratio is constant at 40 percent. How much additional debt is required if no new equity is raised and sales are projected to increase by 12 percent?
if the firm is operating at full capacity, then it will need to raise new debt:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = $24,600 / $28,400 = 0.866
ΔSales = $28,400 x 12% = $3,408
L/S = $2,700 / $28,400 = 0.095
PM = $2,250 / $28,400 = 0.079
FS = $28,400 x 1.12 = $31,808
(1 - d) = 1 - 40% = 0.6
EFN = (0.866 x $3,408) - (0.095 x $3,408) - (0.079 x $31,808 x 0.6) = $2,951.33 - $323.76 - $1,507.70 = $1,119.87
but if the firm is operating only at 84% (16% spare capacity), then it will not need to raise new debt:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = $7,700 / $28,400 = 0.271
since there is 16% of spare capacity, no new fixed assets will be required
ΔSales = $28,400 x 12% = $3,408
L/S = $2,700 / $28,400 = 0.095
PM = $2,250 / $28,400 = 0.079
FS = $28,400 x 1.12 = $31,808
(1 - d) = 1 - 40% = 0.6
EFN = (0.271 x $3,408) - (0.095 x $3,408) - (0.079 x $31,808 x 0.6) = $923.57 - $323.76 - $1,507.70 = -$907.89
A cost-benefit analysis is a way
Answer:
Cost Benefit Analysis
Way of thinking that compares the cost of an action to its benefits.
Explanation:
I hope it helps.
Imagine that you're a dental hygienist. While cleaning a client's teeth you ask what flavor toothpaste to use and they say "orange," but you accidentally use cinnamon. The next day the client writes a bad review online, saying you didn't listen to them. Bad reviews are bad for your business. You need to figure out a way to communicate an apology to the client. How will you reach out and what will you say? Write your response below.
To write a review about this issue, below are some tips on how to write it:
Start with an introductionProvide an objective accountExpress empathyApologize sincerelyExplain corrective measuresHighlight commitment to customer satisfactionInvite further communicationEnd on a positive noteWhat is the reviews?Start with an introduction. Provide an objective account Empathize with the client's disappointment and frustration. Recognize that their expectation was not met and understand how it affected their experience.
Apologize sincerely for mistake, assure it was unintentional, take responsibility and offer heartfelt apology for not listening to preference. Detail actions taken to avoid future errors like staff training, improved communication, etc.
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What is the alignment and coordination of multiple activities in an organization?
Group of answer choices
management
sustainability
business culture
philanthropy
The alignment and coordination of multiple activities in an organization is typically associated with the concept of management
What is management?
Management involves overseeing and organizing various activities within an organization to achieve its goals and objectives efficiently and effectively
It includes activities such as planning organizing coordinating and controlling resources and efforts to ensure that different parts of the organization work together cohesively towards common goals Therefore among the options provided "management" best represents the alignment and coordination of multiple activities in an organization
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what is the difference between a reciewable practice and criminal
conduct under the competition act
The main difference between a reviewable practice and criminal conduct under the Competition Act is the severity and legality of the actions involved
A reviewable practice under the Competition Act refers to a business conduct or practice that may raise concerns about anti-competitive behavior, but does not necessarily violate the law. The Competition Bureau may investigate and potentially challenge the practice through legal action, but it does not result in criminal charges.
On the other hand, criminal conduct under the Competition Act refers to a violation of the law that is considered a criminal offense. This may include practices such as price-fixing, bid-rigging, or deceptive marketing practices. Criminal conduct can result in significant fines and even imprisonment for individuals found guilty of the offense.
In summary, reviewable practices are non-criminal violations of the Competition Act that may be subject to legal action, while criminal conduct involves serious violations of the law that carry criminal penalties.
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A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit.
What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit. What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
The break-even point is the point in sales volume where total costs and total revenues are equalized. The break-even point can be expressed in sales volume or in sales dollars. The break-even point can be calculated for individual product lines or for the entire business. It is an important concept in cost accounting and helps company management understand at what point the business will go from losing money to profitability.
Break-even point = fixed cost / (unit selling price - variable cost per unit) = $9,000 / ($200 - $50) = 60 units
When the demand is 200 units, profit = revenue - total cost = revenue - (fixed cost + total variable cost) = $200 ×200 - ($9,000 + $50 ×200) = $21,000
When total cost and total revenue are equal, a small business is said to have reached its break-even point and is in a neutral position. In other words, you've arrived at the point in your manufacturing cycle where the revenue from a product is equal to its production expenses. This figure should be included in your business plan for each new venture. In addition to learning the expected return on their investments, potential investors in a business often want to know when they may expect to see those returns. This is because it might take some businesses years to start making a profit, losing money frequently in the initial months or years before breaking even. This is why any business plan should include a section on break-even point.
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In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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3. ABC suppliers have an idea that an organization should be in good terms with the community, customers, and potential customers. Explain what public relations is. [2x1] [2]
Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.
The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.
PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.
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when opening a bank account it asks you for a proof of address, can I put an address as the proof one but use a different address to actually get it shipped to a hotel? ...outta town
The following data describes weekly gross revenue ($1000s), television advertising expenditures (1000s), and newspaper advertising expenditures (1000s) for Showtime Movie Theaters.
Weekly Gross Television Newspaper
Revenue Advertising Advertising
(1000s) (1000s) (1000s)
99 5.0 1.5
90 2.0 2.0
95 4.0 1.5
92 2.5 2.5
95 3.0 3.3
94 3.5 2.3
94 2.5 4.2
94 3.0 2.5
a. Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (to 2 decimals).
The estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures is: Weekly Gross Revenue = 98.58 + 13.01 - 2.25 = 109.34.
What is regression equation ?
To find the estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures, we need to perform multiple linear regression. Here, we have two independent variables, namely television advertising expenditures and newspaper advertising expenditures, and one dependent variable, namely weekly gross revenue. The multiple regression equation is of the form:
Y = b0 + b1X1 + b2X2
where Y is the dependent variable, X1 and X2 are the independent variables, b0 is the intercept, b1 is the regression coefficient for X1, and b2 is the regression coefficient for X2.
Using software or a calculator that performs multiple linear regression, we can obtain the following estimated regression equation, rounded to 2 decimal places:
Y = 98.58 + 13.01X1 - 2.25X2
Therefore, the estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures is:
Weekly Gross Revenue = 98.58 + 13.01(Television Advertising Expenditures) - 2.25(Newspaper Advertising Expenditures)
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Which of the factors of production will the company need to address most closely when making its decision to
expand?
Oland
O capital
O land and labor
O labor and capital
Answer:
O labor and capital?
Explanation:
The factors of production will the company need to address most closely when making its decision to expand are labour and capital.
What is production?Production refers to the process of creating or manufacturing goods and services to meet consumer demand. It involves transforming raw materials and other inputs into finished products through a series of steps or stages, such as design, procurement, manufacturing, and distribution.
The goal of production is to create goods and services that are of high quality, affordable, and available in sufficient quantities to meet the needs and wants of consumers.
The production process typically involves a variety of factors, including the availability of resources and technology, the skills and expertise of the workforce, and the overall efficiency and effectiveness of the production system.
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Explain Theory X and Theory Y management styles.
Whereas Theory X emphasizes the necessity of increased monitoring, outside rewards, and penalties, Theory Y emphasizes the significance of job pleasure as a motivator and encourages employees to approach jobs without direct supervision.
What is management theory X?The foundation of Theory X management is the idea that employees lack ambition and intrinsic motivation. Managers provide motivation by closely monitoring employees' work and ensuring that it was done appropriately.
What do Theories X and Y mean?Management theories created by Douglas McGregor include Theory X and Theory Y. Theory X is predicated on the notions that workers are unmotivated, lack motivation, only labor for compensation, and require continual supervision. Theory Y is predicated on the notions that workers desire employment, desire to assume responsibility, and do not require much supervision.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
WILL MARK BRAINLIEST
What is the difference between Medicare, Medicaid, and Social Security?
Which principle says that 20 percent of customers provide 80 percent of revenue?
The---------- Principle says that 20 percent of customers provide 80 percent of revenue.
Answer:
The Pareto principle
Explanation:
The Pareto principle asserts that 80 percent of the results come from 20 percent of the course. The principle was named after Pareto, an Italian economist, who first observed this phenomenon. The Pareto principle is not a law but an observation.
Some other examples that Pereto observed include
20% of the features make 80% of the usage
20% of the employees produce 80% of the result
20% of the clients create 80% of the revenue
A commodity’s demand causes its price to go up.
True
False
Answer:
the answer is false
Explanation:
10 roles of insurance in a business
Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."
The other roles of insurance in a business are:Mitigation of riskProvision of insurance service by the insurance company Protection from unexpected lossesEase of getting loansProvision of social cooperationIt enhances saving habitsIt aids some contracts that require it.There are tax benefits.Promotion of trades and industry, etc.Hence, in this case, it is concluded that insurance plays various roles in business.
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Let's say you are ordering food for your wedding reception, and you sent out 150 invitations. Everyone RSVP'd, with120 people saying they would attend. You know however that not everyone who RSVP'd will actually show up; there are always, always, always some no-shows (at least from the question-writers experience). Thus you expect to need 100 meals. But just to be safe, you plan to order 110 meals, estimating this is a 90% service level (accepting a 10% probability you'll run out). You discuss this with your fiance who is adamant about increasing your service level to 99%.
Required:
How many meals should you order for a 99% service level?
The number of meals to order for a 99% service level is 121 meals.
What is the service level?The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.
It can also describe the percentage of meals that a host estimates to serve her guests at a party.
Data and Calculations:Number of invitations sent out = 150
Number of RSVPs received = 120
Expected number of meals to serve = 100
The safety level of meals to serve = 110
The estimated service level at 110 meals = 90%
The Fiancé's estimated service level to attain = 99%
The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).
Thus, the meals that you should order for a 99% service level is 121 meals.
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Are marketing and sales the same in marketing
Answer:
marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones.
Explanation:
David and Rose both work as artists. David can produce 3 small sculptures each day or 15 paintings. Rose can produce 2 sculptures or 6 paintings each day. What is the opportunity cost of sculpting for David
Based on his production capacity, David's opportunity cost for sculpting is 5 paintings.
What is opportunity cost?It refers to the production quantity that we give up in order to produce more of another good.David can either produce 3 sculptures or 15 paintings. If he gives up one sculpture, he will be able to produce:
= Number of paintings / Number of sculptures
= 15 / 3
= 5 paintings.
In conclusion, the opportunity cost of sculpting is 5 paintings.
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The 15-year average return for the S&P 500 from January 1973 to December 2016 (29 separate 15 year periods) was as high as a 20% average annual return and as low as a 3.7% average annual return. Additionally, the average dividend yield for the S&P is 4.11% and the average annual dividend growth rate is 6.11%.
Using this information, please compare the investment in the 5% 15-year corporate bond with a $100,000 investment in a stock with a 3.7% dividend yield (10 percent less than the S&P 500 average yield) and a 3% dividend growth rate (50 percent of the S&P 500 dividend growth rate).
The annual investment returns are as follows:
Year 1 (13.40%) Year 2 (23.37%) Year 3 26.38% Year 4 8.99%
Year 5 3.00% Year 6 13.62% Year 7 3.53% Year 8 (38.49%)
Year 9 23.45% Year 10 12.78% Year 11 0.00 Year 12 13.41%
Year 13 29.60% Year 14 11.39% Year 15 (0.73%)
The bond interest payment of 5 percent is paid annually and not reinvested. To compare accurately with the bond investment, the stock dividend will not be reinvested, but paid annually as well.
Please calculate the value of the stock account at the end of each year and the dividend income from the stock on an annual basis.
Once you have performed the calculations, please let me know if you prefer to invest in a 5% corporate bond for 15 years or the stock and why.
What is the value of the stock after year 2? Year 8? Year 11? When does the annual dividend income of the stock exceed the annual interest income of the bond?
1. The value of the stock account after Year 2 is $155,401.626.
2. The value of the stock account after Year 8 is $96,110.0674.
3. The value of the stock account after Year 11 is $96,110.0674.
4. The annual dividend income of the stock exceeds the annual interest income of the bond at the end of Year 15.
Bond interest rate: 5%
Stock dividend yield: 3.7% (10% less than S&P 500 average yield)
Stock dividend growth rate: 3% (50% of S&P 500 dividend growth rate)
We'll assume an initial investment of $100,000.
Year 1:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $100,000 + ($100,000 * 0.2337) = $123,370
1. Year 2:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $123,370 + ($123,370 * 0.2638) = $155,401.626
2. Year 8:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $155,401.626 + ($155,401.626 * (-0.3849)) = $96,110.0674
3. Year 11:
Bond interest income: $100,000 * 0.05 = $5,000
Stock dividend income: $100,000 * 0.037 = $3,700
Value of stock account: $96,110.0674 + ($96,110.0674 * 0) = $96,110.0674
4. At the end of Year 15, the dividend income of the stock exceeds the interest income of the bond.
Stock dividend income: $100,000 * 0.037 = $3,700
Bond interest income: $100,000 * 0.05 = $5,000
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This is weird what is ya favorite anime character
Answer:
naruto
Explanation:
He is my favourite anime character.........
Compared to the recommended percentages that should be allocated to transportation, 18% is _____.
A.too low
B.in the middle
C.the max
D.too high
Compared to the recommended percentages that should be allocated to transportation, 18% is too low. The correct option is A.
What is allocation in work?Allocation targets are logical groupings of users or work queues that can be assigned tasks and notifications. This enables the workflow administrator to assign tasks and notifications to a diverse group of users within the organization.
The freight expenditure incurred by the consumer to have purchased goods delivered is known as transportation-in. Costs such as freight insurance and customs duties can be included in this category.
Thus, the ideal selection is option A.
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Gain sharing is an employee benefit that provides
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
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Clinic uses the direct method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Support, and two operating departments, Prenatal and Pediatrics. Service Departments Operating Department Personnel Support Prenatal Pediatrics Departmental costs $ 23,724 $ 44,400 $ 109,770 $ 298,910 Employee hours 5,000 1,000 25,000 20,000 Space occupied 3,000 2,000 35,000 7,000 Personnel Department costs are allocated on the basis of employee hours and Support Department costs are allocated on the basis of space occupied in square feet. The total Pediatrics Department cost after the allocations of service department costs is closest to
The total Pediatrics Department cost after the allocations of service department costs is closest to $316,869.
Total Pediatrics Department costEmployee Hours:
Total Allocation Percentage = 20,000/(25,000+20,000)
Total Allocation Percentage = 20,000/45,000
Total Allocation Percentage =0.44
Allocated cost for personnel = .44× $ 23,724
Allocated cost for personnel =10,544
Space Occupied:
Total Allocation Percentage = 7,000/(35,000+7,000)
Total Allocation Percentage = 7,000/42,000
Total Allocation Percentage = 0.167
Allocated cost for personnel =0.167×$44,400
Allocated cost for personnel =7415
Total Cost:
Total cost=$298,910+$ 10,544 +$ 7415
Total cost= $316,869
Inconclusion the total Pediatrics Department cost after the allocations of service department costs is closest to $316,869.
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Some firms pool overhead into a single plantwide overhead pool, while others accumulate overhead costs into manufacturing departments, each of which has an overhead cost pool and overhead cost application rate. Which approach is likely to provide more accurate cost numbers for cost estimating, pricing, and performance evaluation?
Answer:
departmental rate
Explanation:
From the question we are informed about Some firms which pool overhead into a single plantwide overhead pool, while others accumulate overhead costs into manufacturing departments, each of which has an overhead cost pool and overhead cost application rate. In this case, the approach likely to provide more accurate cost numbers for cost estimating, pricing, and performance evaluation is departmental overhead rate.
The departmental overhead rate can be regarded as expense rate that is been calculated in production process of a factory for each of the departments. It varies at stages of the production process
The following trial balance was prepared from the ledger accounts of Ricardo Company: RICARDO COMPANY Trial Balance April 30, Year 1 Account Titles Debit Credit Cash $ 78,400 Accounts receivable 49,000 Supplies 3,700 Prepaid insurance 5,500 Land $ 10,000 Accounts payable 11,500 Common stock 100,000 Retained earnings 34,255 Dividends 9,900 Service revenue 93,000 Rent expense 11,500 Salaries expense 35,300 Operating expense 36,200 Totals $ 229,500 $ 248,755 When the trial balance failed to balance, the accountant reviewed the records and discovered the following errors: 1. The company received $655 as payment for services rendered. The credit to Service Revenue was recorded correctly, but the debit to Cash was recorded as $1,030. 2. A $1,850 receipt of cash that was received from a customer on accounts receivable was not recorded. 3. A $370 purchase of supplies on account was properly recorded as a debit to the Supplies account. However, the credit to Accounts Payable was not recorded. 4. Land valued at $10,000 was contributed to the business in exchange for common stock. The entry to record the transaction was recorded as a $10,000 credit to both the Land account and the Common Stock account. 5. A $1,450 rent payment was properly recorded as a credit to Cash. However, the Salaries Expense account was incorrectly debited for $1,450. Required Prepare a corrected trial balance for Ricardo Company.
To prepare a corrected trial balance for Ricardo Company, we need to make adjustments for the errors found in the original trial balance.
Here are the adjustments that need to be made:
Cash should be debited for $655 instead of $1,030, so we need to subtract $375 from the debit side of the Cash account.
Accounts receivable should be credited for $1,850, so we need to add $1,850 to the credit side of the Accounts Receivable account.
Accounts payable should be credited for $370, so we need to add $370 to the credit side of the Accounts Payable account.
The transaction involving Land and Common Stock needs to be corrected. We need to debit the Common Stock account for $100,000 (the value of the stock issued) and credit the Land account for $10,000 (the value of the land contributed).
Salaries Expense was debited for $1,450 instead of Rent Expense, so we need to subtract $1,450 from the debit side of the Salaries Expense account and add $1,450 to the debit side of the Rent Expense account.
After making these adjustments, the corrected trial balance for Ricardo Company would be:
RICARDO COMPANY Corrected Trial Balance April 30, Year 1 Account Titles Debit Credit Cash $ 78,025 Accounts receivable 50,850 Supplies 3,700 Prepaid insurance 5,500 Land 10,000 Accounts payable 11,870 Common stock 100,000 Retained earnings 34,255 Dividends 9,900 Service revenue 93,000 Rent expense 12,950 Salaries expense 33,850 Operating expense 36,200 Totals $ 235,525 $ 235,525
We can see that the total debits now equal the total credits, and the trial balance balances.
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The competitive threat that outsiders will enter a market is weaker when
The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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Which of the following needs of employees do motivators, described by the two-factor theory,
primarily try to fulfill?
a. Physiological needs
b. Belonging needs
c. Safety needs
d. Esteem needs
Option (d), The two-factor theory's description of motivators' primary goal is to satisfy employees' esteem demands.
What is involved in the two-factor work satisfaction theory?According to Frederick Herzberg, employee satisfaction is made up of two factors: "hygiene" and motivation. Pay and supervision are two hygienic variables that reduce employee dissatisfaction with the workplace. When motivated by factors like achievement and recognition, employees are more devoted, efficient, and innovative.
Why the two-factor theory is importantHerzberg held that a lack of sanitary factors resulted in employment unhappiness whereas the presence of motivational elements assured it. The two-factor motivation theory has since become one of the most often used theoretical models in studies on job satisfaction (Dion, 2006).
What is the outcome of the two-factor theory?A new set of higher order motivational requirements, such as autonomy and recognition, are required in order to achieve actual workplace joy, according to Herzberg's two component model, whereas basic needs, like as safety and compensation, must be fulfilled in order to prevent workplace dissatisfaction.
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A customer calls in to purchase a product, and you go through the first offer to try and up-sell. The customer tells you that if you try and sell them anything else besides the product they called about, they will hang up without it. There is still one more offer you are supposed to pitch.
Cross- selling is the best option you can apply in this scenario, in which you give the consumer a product that is in line with their needs, and then go for pitch of further products.
According to the question, when a consumer calls to order a product, you try to upsell by going through the initial offer. The client informs you that they will end the conversation if you try to sell them anything else but the goods they phoned about, this is the wrong way to go about it.
The right way-
Give him the merchandise when the consumer calls and requests it specifically. After presenting the goods, you utilize cross-selling to promote further products.
Hence, cross- selling can be utilized to pitch one more offer you are supposed to pitch.
What's Cross- selling?Cross-selling involves promoting the purchase of any item in addition to the main product. For instance, cross-selling can persuade a consumer who has already subscribed to your marketing tool to do so for your CRM.
Hence, Cross- selling is the way to pitch product in this scenario.
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If you are to invest into the stock market right now, what are your major considerations?
Answer:
Market conditions
Company performance
Diversification
Time horizon
Investment goals
Explanation:
Market conditions: The overall market conditions can affect your investment decisions. You may want to evaluate the current economic climate, interest rates, inflation, and other factors that may impact the stock market.
Company performance: You may want to research and analyze the performance of individual companies you are interested in investing in, such as their financial statements, revenue growth, earnings, management team, and market position.
Diversification: Investing in a variety of stocks across different industries and sectors can help spread your risk and minimize the impact of any losses from individual stocks.
Time horizon: Consider your investment time horizon, which is the amount of time you plan to hold your stocks before selling them. Short-term investments are generally riskier than long-term investments, which may provide higher returns over time.
Investment goals: Your investment goals and risk tolerance should also be considered when making investment decisions. Determine if you are investing for capital appreciation, regular income, or a combination of both.
It is important to note that investing in the stock market involves risks, and you should carefully consider your own financial situation and consult with a financial advisor before making any investment decisions.