what is the name for the collection of activities in which businesses sell things to buyers? multiple choice question. strategy planning retailing marketing

Answers

Answer 1

The correct answer to this question is Retailing. The retail inventory method determines the amount of ending inventory at retail first.

What is retailing?

retailing is the practice of selling goods and specific services to customers.

It typically involves a business established for that express purpose selling single units or small lots to numerous buyers.

The first time something of value was bartered for something else can be considered the beginning of retailing in the broadest sense.

When the first marketplaces were established and peddlers started peddling their wares, retailing officially began several thousand years ago as a specialized full-time commercial occupation.

The retail industry is very competitive, and retail businesses have a high mortality rate.

The primary form of competition is focused on price, however non-price elements of competition like location, selection, and attractiveness help to reduce this slightly.

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Related Questions

data associated with various groups of individuals, such as employees and other stakeholders who might be integral for an organization's success, are called . group of answer choices people data confidential data personally identifiable data anonymous data

Answers

Personally identifiable data (PII) is a term used to describe any information that can be used to identify a specific individual.

This type of data is often collected and stored by organizations in the course of their business activities and includes information such as:

NameSocial Security numberDate of birthHome addressEmail addressPhone numberPassport numberDriver's license numberBank account information

PII is considered sensitive information, as it can be used for identity theft, financial fraud, and other types of malicious activities if it falls into the wrong hands. It is therefore important for organizations to take measures to protect this type of data and to ensure that it is handled in a responsible and secure manner. Organizations that collect, store, or process PII must comply with a range of privacy laws and regulations, such as the General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States, and others. These laws set standards for how organizations must handle PII, including requirements for data security, data retention, and data destruction, as well as the right of individuals to access and control their own PII. In conclusion, personally identifiable data refers to information that can be used to identify a specific individual, such as employees and other stakeholders who might be integral for an organization's success. It is important for organizations to take measures to protect this type of data and to ensure that they are in compliance with relevant privacy laws and regulations.

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Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category

Answers

Answer:

C and E

Explanation:

Edge 2020

Answer: C. Page under the Numbering category

E. NumPages under the Document Information category

Explanation:

Hope this helps!!

What does it mean for the USA to increase the debt ceiling? Will this Help or Hurt our economy? Name 2 areas that the US could be doing better in and how could we make it better.

Answers

The debt ceiling does not permit additional financial commitments. It merely enables the government to pay for pre-existing legal commitments that have been made in the past. This will help the economy.

Two areas that the US could be doing better in are :

Energy HealthcareHow to improve Energy and Healthcare sectors?

Energy :

A long-term strategy is required to solve a number of energy-related concerns. Some of the most crucial are listed below:

All levels of government should be included in public-private partnerships and future planning procedures.Capacity building in the energy industryInvestigation and creationAutomating the power supply network will increase system reinforcement, dependability, and usage of contemporary technology.Increased use and development of renewable energyImproved energy consumption efficiency

Healthcare :

Make talking about economic growth and health a priority.Invest in your health to become more resilient.Promote health equity through social and economic justiceServices for public health to be decentralizedRaising the doctor to patient ratio

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When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.

Answers

i think it’s D but i’m not sure

The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.

Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.

How does diversity affect the workplace?

Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.

Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.

Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.

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there is a cause-and-effect relationship between revenues and expenses that dictates: multiple choice question. where in the income statement expenses should be presented. the ordering of assets and liabilities in the balance sheet. when costs are recognized as expenses in the income statement. when revenues are recognized in the income statement.

Answers

There is a cause-and-effect relationship between revenues and expenses that dictates when costs are recognized as expenses in the d) income statement.

In other words, the recognition of expenses in the income statement depends on the recognition of revenue. Generally, expenses are recognized in the income statement when the revenue related to those expenses has been earned. This principle is known as the matching principle and is a fundamental concept in accrual accounting, which is the basis for financial reporting in most businesses. The ordering of assets and liabilities in the balance sheet, as well as the presentation of expenses in the income statement, are determined by other accounting principles and guidelines, such as the principle of materiality and the concept of conservatism. These principles and guidelines ensure that the financial statements provide a fair and accurate representation of a company's financial position and performance.

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Why is money management important? How would you rate your own money management?

Answers

Answer:

because it has money

Explanation:

Answer:

Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.

Explanation:

In a queueing system, customers arrive once every 6 seconds (standard deviation = 5) and services take 5 seconds (standard deviation = 4).
(Do not round intermediate calculations. Round your answer to three decimal places.) What is the average time a customer will spend in the queue (in seconds)? ______ seconds

Answers

The average time a customer will spend in the queue (in seconds) 102.199 seconds

To find the average time a customer will spend in the queue, we can use the formula for the average waiting time in a queueing system: Wq = (ρ × σ²) / (2 × (1 - ρ)), where Wq is the average waiting time, ρ is the utilization rate, and σ² is the sum of the variances of the interarrival and service times. First, let's calculate the utilization rate (ρ) by dividing the average service time by the average interarrival time: ρ = (5 seconds) / (6 seconds) = 0.833. Next, let's calculate the sum of the variances: σ² = (5²) + (4²) = 25 + 16 = 41. Now, we can calculate the average waiting time in the queue (Wq): Wq = (0.833 × 41) / (2 × (1 - 0.833)) = 34.133 / (2 × 0.167) ≈ 102.199 seconds. Therefore, the average time a customer will spend in the queue is approximately 102.199 seconds.

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The average time a customer will spend in the queue is approximately 4320.289 seconds.

To calculate the average time a customer will spend in the queue, we need to use the Little's Law formula:

L = λW

where L is the average number of customers in the system (queue + service), λ is the arrival rate of customers, and W is the average time a customer spends in the system.

We know that λ = 1/6 (customers arrive once every 6 seconds) and W is what we need to find. To find L, we need to use the formula:

L = λ^2 *$(σs^2 + W^2)$ / (2 * μs * (1 - ρ))

where σs is the standard deviation of service time, μs is the mean service time, and ρ is the utilization factor (which is equal to λ * μs).

We know that σs = 4, μs = 5, and ρ = λ * μs = 1/6 * 5 = 5/6. Plugging in these values, we get:

L =$(1/6)^2 * (4^2 + W^2)$ / (2 * 5 * (1 - 5/6))

L = 1/720 *$(16 + W^2)$/ (1/2)

L = $(16 + W^2)$ / 1440

Since the system is stable (i.e., the arrival rate is less than the service rate), L must be less than infinity. This implies that the utilization factor ρ must be less than 1. Solving for W, we get:

W = L / λ =$(16 + W^2)$/ (1440 * λ)

Substituting the value of λ, we get:

W =$(16 + W^2)$ / 8640

Multiplying both sides by 8640, we get:

8640W =$16 + W^2$

Rearranging, we get:

W^2 - 8640W + 16 = 0

Using the quadratic formula, we get:

W = (8640 ± sqrt(8640^2 - 4 * 1 * 16)) / (2 * 1)

W = (8640 ± sqrt(74695696)) / 2

W = (8640 ± 8640.578) / 2

W = 4320.289 or W = 4319.711

Since W represents the time a customer spends in the queue, we can discard the negative value and round the positive value to three decimal places:

W = 4320.289 seconds.

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The average time a customer will spend in the queue (in seconds) 102.199 seconds

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The average time a customer will spend in the queue is approximately 4320.289 seconds.

To calculate the average time a customer will spend in the queue, we need to use the Little's Law formula:

L = λW

where L is the average number of customers in the system (queue + service), λ is the arrival rate of customers, and W is the average time a customer spends in the system.

We know that λ = 1/6 (customers arrive once every 6 seconds) and W is what we need to find. To find L, we need to use the formula:

L = λ^2 *$(σs^2 + W^2)$ / (2 * μs * (1 - ρ))

where σs is the standard deviation of service time, μs is the mean service time, and ρ is the utilization factor (which is equal to λ * μs).

We know that σs = 4, μs = 5, and ρ = λ * μs = 1/6 * 5 = 5/6. Plugging in these values, we get:

L =$(1/6)^2 * (4^2 + W^2)$ / (2 * 5 * (1 - 5/6))

L = 1/720 *$(16 + W^2)$/ (1/2)

L = $(16 + W^2)$ / 1440

W = L / λ =$(16 + W^2)$/ (1440 * λ)

Substituting the value of λ, we get:

W =$(16 + W^2)$ / 8640

Multiplying both sides by 8640, we get:

8640W =$16 + W^2$

Rearranging, we get:

W^2 - 8640W + 16 = 0

Using the quadratic formula, we get:

W = (8640 ± sqrt(8640^2 - 4 * 1 * 16)) / (2 * 1)

W = (8640 ± sqrt(74695696)) / 2

W = (8640 ± 8640.578) / 2

W = 4320.289 or W = 4319.711

Since W represents the time a customer spends in the queue, we can discard the negative value and round the positive value to three decimal places:

W = 4320.289 seconds.

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a company hires one of its board members, a cpa, to issue accounting reports for the company. assuming any required disclosures are made, which of the following reports may the cpa issue without violating independence rules? group of answer choices compilations. reviews. audits. agreed-upon procedures.

Answers

State regulators only permit CPAs to provide these services because of the reliance on third parties.

What is the role of oversight in financial reporting?

A position in which a person can or does exercise influence over the contents of the financial statements or anyone who prepares them is referred to as a "financial reporting oversight role," such as when the person is a member of the board of directors or another management or governing body or chief executive.

Is an independent CPA required for a compilation?

To carry out audits or review engagements, CPAs must be independent.No exceptions apply.For advice on independence concerns, consult the AICPA Code of Professional Conduct.Section 1.200 outlines the rules governing independence.

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how to get stimulus check 2021 if you didn t file taxes

Answers

Answer:

you may need to file a 2020 tax return even if you don’t traditionally file.

Explanation:

This FAQ can help you understand how the system works and what you can do to claim any stimulus that you may be eligible to receive.

Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart

Answers

Answer:

A. a bar graph is the answer

For each transaction, enter a plus sign (+) in the appropriate column if the account classification asset, liability, or owner's equity is increased. Enter a
minus sign (-) in the appropriate column if the account classification is decreased. Both a plus sign (+) and a minus sign (-) can be entered, if
necessary
Trans. No. Assets = Liabilities + Owner's Equity
1
2
3
4
Save & Continue
Continue without saving
hp

Answers

Answer:

the question is incomplete, so I looked for similar ones:

Transactions: 1. Bought supplies on account. 2. Received cash from owner as an investment. 3. Paid cash for prepaid insurance. 4. Paid cash on account.

1) When you buy supplies on account, both assets (supplies) and liabilities (accounts payable) increase.

2) When a company receives cash from its owners, its assets (cash) and equity (paid in capital) increase.

3) When a company pays cash for insurance, total assets will not be affected because on asset account (cash) will decrease while other asset account (prepaid insurance) will increase.

4) Paying cash in order to cancel or partially pay for accounts payable will decrease both assets (cash) and liabilities (accounts payable).

Assets = Liabilities + Owner's Equity

1) + +

2) + +

3) + / -

4) - -

Which of the following statements is correct regarding the capitalization rate used for interest capitalization? Question 24 options: If the average accumulated expenditures are less than the specific borrowing amount, use the interest rate associated with the specific borrowing for the entire average accumulated expenditures If there are no specific borrowings, use the interest rate on the largest debt outstanding If the average accumulated expenditures are less than the specific borrowing amount, use the weighted-average interest rate for all other debt for the entire average accumulated expenditures If there are no specific borrowings, do not capitalize interest

Answers

Answer:

Answer:

B. Billboards on busy streets

Explanation:

Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.

Jeremy should consider using billboards for the following reasons.

His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.

Answer:local news papers

Explanation:

Which of the following is a true statement regarding operating costs:
They are fixed expenses.
They are not directly related to production.
They occur once or twice a year.
Only some businesses have them.

Answers

Answer:

They are not directly related to production.

Explanation:

Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold

Explain at least four consumer rights.

Answers

Explanation:

four basic consumer rights – the right to safety; the right to be informed; the right to choose and the right to be heard

1. The right to safety: As a consumer, you have the right to purchase products that are safe for use. This means that products should not pose any unreasonable risks to your health or safety, and they should not have any hidden dangers that could harm you.

2. The right to be informed: You have the right to be informed about the products and services you purchase. This includes the right to accurate and complete information about the product or service, including its safety, performance, and effectiveness.

3. The right to choose: You have the right to choose from a range of products and services at competitive prices. This means that companies should not engage in anti-competitive practices, such as price-fixing or monopolies, that limit your choices as a consumer.

4. The right to be heard: If you have a problem with a product or service, you have the right to be heard and have your concerns addressed. This means that companies should have a system in place to handle complaints and provide meaningful solutions to their customers.

Henry works at a restaurant. One of his best chefs has just called in sick minutes before the dinner rush, and Henry needs to make sure that his inexperienced kitchen staff is preparing food with quality and speed. In this example, which style of leadership would be most effective for Henry to achieve his goals?

Answers

Answer:

Coaching

Explanation:

Answer:

is B. Coahing

Explanation: here is the proof

Henry works at a restaurant. One of his best chefs has just called in sick minutes before the dinner

What is the organizational structure for an supermarket?

Answers

Answer:

An array of repeat customers grouped in various local areas, A chain of retail stores, various transportation systems, A set of warehouse distribution centers, and An array of product suppliers under contract.

Explanation: In carrying out its function, a supermarket business acquires and assembles a wide assortment of goods from individual suppliers, then organizes and distributes them as-needed to a chain of retail stores for sale to local customers.

Why are aircraft carriers a thing? Why can’t there just be an airport on land only for military aircraft?

Answers

Answer:

Aircraft carriers are a vital component of modern naval warfare because they allow for military aircraft to operate far from land bases, providing a mobile platform for conducting a wide range of military operations.

Unlike land-based airports, aircraft carriers are not limited to fixed locations and can be moved to strategic locations in response to changing military requirements. This mobility provides significant advantages, as carriers can be deployed to various regions of the world, allowing for rapid response times and the ability to project power over long distances.

Additionally, aircraft carriers have the ability to launch and recover a large number of aircraft in a short amount of time, providing a significant force multiplier for military operations. They can be used for a variety of missions, including air support for ground troops, strike missions against enemy targets, and reconnaissance and surveillance operations.

Furthermore, an aircraft carrier can also serve as a mobile command center, allowing military commanders to conduct operations from the ship's command and control center, which provides an added level of flexibility and operational capability.

In summary, while land-based airports are certainly useful for military operations, aircraft carriers provide unique advantages that make them an essential part of modern naval warfare.

Explanation:

I had this exact question. This should get you a 100% grade.

Match the action needed to increase profits with the reason a business might fail.
Advertising the company to potential customers would match with_____.

a) finances
b) poor management
c) bad location
d) competition
15 POINTS AND BRAINLIEST GOES TO FIRST ANSWER ;)

Answers

I think the answer is b, poor management.

Advertising the company to potential customers would match with competition .Thus the correct answer is option D.

What is advertising?

The practice and techniques used to draw attention to a product or service are referred to as advertising. Advertising seeks to draw attention to a product or service by putting it in the spotlight. It is typically used to promote a specific product or service, but it has a wide range of applications, the most common being commercial advertising.

Through "branding," which associates a product name or image with certain qualities in the minds of consumers, commercial advertisements frequently seek to increase consumption of their products or services. Direct-response advertising, on the other hand, is intended to elicit an immediate sale.

Therefore, advertising helps to create a image of the company and increase its competitiveness.

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Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)

Answers

The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.

Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.

Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.

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what are some corrective actions (or recommendations) to strengthen Louis Vuitton’s business? provide a brief justification (or an evidence) to support your explanation (long answer)

Answers

Answer:

Louis Vuitton (LV) had the prolific year 2014 because it continued to grow, despite changes in its market environment. The company has been responsive in its strategies and has maintained a long-term future (LVMH 4). Nevertheless, the company continues to face competitive challenges in the luxury product market. It faces the challenge of sustaining its performance amid the growing difficulties in penetrating new markets and the improvement in the activities by rivals to target its dominant market segment. The company follows a differentiation strategy.

The overall strategies are taken by LV also lead to changes in the parent company, as LV is the main revenue contributor to the LVMH group. The company has to sell to three main customer segments without jeopardizing its reputation in any of them. The segments are absolute, aspirational, and accessible. The absolute segment is very critical of customer care, product quality, and overall brand reputation. It also has the widest variation in preferences in the main global markets of LV. Besides, it has a substantial demand that has forced LV to reconsider many of its decisions that could have affected its performance in this segment. The aspirational segment has mixed characteristics while the accessible segment is less critical to brands and, therefore, most prone to sway to the competition. All the customer segments are collectively influenced by a great brand and product innovation strategy that LV has been exploring in the past few years (LVMH 34-56). The European monetary problems are easing, which should present a good environment for growth in the market (LVMH 5).

Social

The company has relied on leaders brought in by its parent company LVMH. It has also relaxed its use of in-house production resources in the past to focus on outsourcing (LVMH 54-55). However, the decision was reversed to save the company’s brand. Another problem is that the personal luxury business is growing in different directions in separate markets that LV serves. Its biggest market continues to be China, Europe, Japan, and the United States. Its Chinese market characteristics are different from those of Europe and Japan. However, the company has to meet the challenges of these markets without seeming to abandon any of its quality standards for customer service and product development. For example, it cannot discount products or follow noncompany-owned distribution models even when such strategies would significantly lead to a rise in revenues in the respective markets. These issues include a balance of the values and heritage of Louis Vuitton. The company has a 150-year reputation that it has to uphold while responding to the modern challenges of the business (Mahbubani 4).

Technological

The company has a limited product range, and the main products are more than a century old. The leather bag collection and the trunks with a five number combination lock have been in production since the late nineteenth century. They can rely on this technological reputation to defend their market share and appeal to the absolute and aspirational customer segments that are fixated on getting true luxury regarding uniqueness, heritage, quality, and visibility. The product line allows LV to claim that it is offering the most beautiful specimens of French manufacturing (Mahbubani 2). The exclusivity of the designs and their ruggedness are reputations that help the LV brand to sell to existing and new luxury customers. Customers get information and look up things or exchange views online, which is the way they shop. The behavior shapes the direction that LV is taking when differentiating its experience online. The company is building a following in social media channels to improve interaction with its brand. The digital platforms also use new forms of advertising to different niches like soccer fans (LVMH 11).

Describe the place utility of the product. Can you think of any improvements that
could be made to its place utility?

Answers

The utility may take on a variety of forms, including form utility, location utility, time utility, possession utility, and other forms. The degree to which these conveniences play a role in consumer choice is very variable from person to person.

What is place utility?

Generally, The concept of place utility refers to the act of putting goods or services on the market in areas where they are conveniently accessible to customers.

Possession utility is the usage or perceived value that a customer receives from possessing and being able to utilize a product or service in a timely way. This might be in the form of either a practical benefit or emotional satisfaction.

Utility may be defined as the usefulness or value that customers get from a product, and there are four distinct categories of economic utility: form, time, location, and ownership.

The economic utilities provide assistance in analyzing consumer purchasing decisions and identifying the factors that influence such choices.

In order to boost customer happiness, improve sales, and propel revenues, businesses work hard to boost the usefulness of their goods and services, as well as the value that customers perceive those products and services to have.

Answers

Here is your genuine answer

difference between service-orinated and level wise profession?

Edin has £300 in his savings account.
His bank offers him a fixed 5% simple interest rate per annum, for a period of 3 years.
How much interest will he have earned after 3 years?

Answers

Answer:

£45

Explanation:

To calculate the amount of interest Edin will earn after 3 years at a fixed 5% simple interest rate per annum, we can use the formula:

Interest = Principal x Rate x Time

Where:

Principal is the amount of money in Edin's savings account, which is £300

Rate is the interest rate per annum, which is 5%

Time is the period of time for which the interest is calculated, which is 3 years

Plugging these values into the formula, we get:

Interest = £300 x 0.05 x 3

Interest = £45

Therefore, Edin will have earned £45 in interest after 3 years at a fixed 5% simple interest rate per annum. His total savings at the end of the 3-year period will be the sum of the initial savings and the interest earned, which is:

Total savings = £300 + £45 = £345

Answer:

£45

Step by step explanation:

The formula for simple interest is:

I = P * r * t

where I is the interest earned, P is the principal amount, r is the annual interest rate, and t is the time period in years.

Using this formula, we can calculate the interest earned by Edin after 3 years:

I = 300 * 0.05 * 3
= 45

Therefore, Edin will have earned £45 in interest after 3 years.

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,300 units) $ 350,400 Variable expenses 204,400 Contribution margin 146,000 Fixed expenses 103,500 Net operating income $ 42,500 If the company sells 7,200 units, its net operating income should be closest to:

Answers

Answer:

Net operating income= 40,500

Explanation:

Giving the following information:

Contribution margin 146,000

Fixed expenses 103,500

Sales= 7,200

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= 146,000/7,300= $20

Now, for 7,200:

Total contribution margin= 7,200*20= 144,000

Fixed costs= (103,500)

Net operating income= 40,500

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