which statement about advertising is true? firms in monopolistic competition and oligopoly use advertising without the expectation of increasing profit. there is no role for advertising in perfect competition. advertising has costs but few if any benefits. advertising is critical in the long run but not the short run.
Answers
The statement about advertising that is true is that advertising is critical in the long run but not the short run. Option d is correct.
Advertising is a tool used by firms to promote their products or services, create brand awareness, and ultimately drive sales. In perfect competition, advertising is not necessary as consumers are already aware of the various options available to them and make their purchasing decisions based solely on price.
In contrast, firms in monopolistic competition and oligopoly use advertising to differentiate their products from their competitors, create a unique brand identity, and increase demand. However, the expectation of increasing profits is an underlying goal of using advertising.
Advertising has costs such as the production of ads and media placements. However, these costs can be offset by the benefits gained through increased sales and brand recognition. While advertising may not provide immediate results, it is crucial in the long run to build brand loyalty and maintain market share.
Therefore, d is correct.
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Related Questions
Shares in Malaysian dairy producer Farm Fresh Berhad opened 26%
higher than the offer price at its market debut on Tuesday, in the
country's largest listing since July last year. Shares
in the company
Answers
a) Farm Fresh Berhad's shares opened 26% higher than the offer price on its market debut, indicating strong investor interest.
b)The specific market for this investment is the Malaysian stock market.
According to the report, Malaysian dairy producer Farm Fresh Berhad had a successful market debut, with its shares opening 26% higher than the offer price. This indicates strong investor interest and demand for the company's shares. The report mentions that Farm Fresh Berhad raised 1 billion ringgit through its initial public offering (IPO), which suggests that the company issued common shares or ordinary shares to the public.
The specific market for this type of investment would be the Malaysian stock market. This is where Farm Fresh Berhad's shares were listed for trading. The Malaysian stock market provides a platform for companies to offer their shares to the public and for investors to buy and sell those shares.
The fact that Farm Fresh Berhad's shares rose as high as 34% in the first few minutes of trading indicates strong market demand and positive sentiment towards the company. Such significant price movements on the opening day of trading can be influenced by factors like investor confidence, market conditions, and the company's growth prospects.
Overall, the successful market debut and strong initial performance of Farm Fresh Berhad's shares indicate a positive reception from investors in the Malaysian stock market.
Complete question:
Shares in Malaysian dairy producer Farm Fresh Berhad opened 26% higher than the offer price at its market debut on Tuesday, in the country's largest listing since July last year. Shares in the company, which raised 1 billion ringgit in its initial public offering, rose as high as 34%in the first few minutes of trading. (March 26, 2022, The Star Online)Based on the above report:
a. What type of share was issued for the instruments stated in the report?
b. Determine the specific market for this type of investment?
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Bob makes his frst $1,100 deposit into an IRA eaming 7.9% compounded arnually on his 24 th birthday and his last $1,100 deposit on his 44 th birthday (21 equal deposits in all . With no additional deposts, the money in the IRA continues to eam 7.9% interest compounded annually unti Bob rotires on his 65t birthday, How much is in the IRA when Bob retires? The amount in the IRA when Bob retres is $ (Round to the nearest cent as needed)
Answers
With no additional deposits, the money in the IRA continues to grow at 7.9% interest compounded annually untii Bob retires on his 65t birthday, the amount in the IRA when Bob retires is $$324,454 (Round to the nearest cent as needed).
To find the amount in the IRA when Bob retires, we need to calculate the future value of his deposits and interest over the years.
First, let's calculate the future value of Bob's deposits. He makes 21 equal deposits of $1,100 into his IRA. We can use the formula for the future value of an annuity to calculate this.
Using the formula:
Future Value = P × ((1 + r)ⁿ - 1) / r
Where:
P = deposit amount per period = $1,100
r = annual interest rate = 7.9% = 0.079 (expressed as a decimal)
n = number of periods = 21
Plugging in the values:
Future Value of deposits = $1,100 × ((1 + 0.079)²¹ - 1) / 0.079
Future Value of deposits = $54,714
Next, let's calculate the future value of the IRA from the time of Bob's 44th birthday to his 65th birthday. Since there are no additional deposits, we can use the formula for the future value of a lump sum to calculate this.
Using the formula:
Future Value = P × (1 + r)ⁿ
Where:
P = initial principal = Future Value of deposits calculated earlier
r = annual interest rate = 7.9% = 0.079 (expressed as a decimal)
n = number of years from Bob's 44th to 65th birthday = 65 - 44 = 21
Plugging in the values:
Future Value of IRA = Future Value of deposits × (1 + 0.079)²¹
Future Value of IRA = $54,714 × (1 + 0.079)²¹
Future Value of IRA = $269,740.02
Now, we can calculate the total amount in the IRA when Bob retires by adding the future value of deposits and the future value of the IRA:
Total amount in IRA = Future Value of deposits + Future Value of IRA
Total amount in IRA = $54,714 + $269,740.02
Total amount in IRA = $324,454.02
Total amount in IRA ≈ $324,454.
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managing your money can be made easier with online and mobile banking since they help you _____.track your spending and savingsreduce your expensesincrease your interest ratesdecrease the number of your bills
Answers
Online and mobile banking can help you keep track of your spending and savings, making it simpler to manage your finances.
What is mobile banking?
A bank or other financial institution's mobile banking service enables its customers to carry out financial transactions remotely using a mobile device, like a smartphone or tablet. It uses software, sometimes referred to as an app, offered by the financial institution for the purpose, unlike related internet banking. Typically, mobile banking is accessible around-the-clock. Some financial organisations have restrictions on which accounts can be accessed using mobile banking and set a dollar threshold for the value of transactions. The presence of an internet or data connection for the mobile device is necessary for mobile banking.
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1) A dominant strategy ________.
always results in equal payoffs to all the players in a game
always results in a lower payoff irrespective of the strategy chosen by the other player
results in a higher payoff irrespective of the strategy chosen by the other player
always results in zero payoff to the opponent
2) Which of the following is true of long-run equilibrium price in a monopolistically competitive market?
It is lower than marginal cost.
It is equal to average total cost.
It is higher than average total cost.
It is less than average total cost.
Answers
1) A dominant strategy results in a higher payoff irrespective of the strategy chosen by the other player.
2) The long-run equilibrium price in a mono-polistically competitive market is less than the average total cost.
A dominant strategy is a strategy that produces the highest payoff for an individual regardless of what actions are taken by other players. In game theory, a dominant strategy equilibrium is a set of strategies in which every player's strategy is a dominant strategy given the other players' strategies. A dominant strategy results in a higher payoff irrespective of the strategy chosen by the other player.
Therefore, a dominant strategy equilibrium is the most efficient outcome of a game. The long-run equilibrium price in a mono-polistically competitive market is less than the average total cost. The reason for this is that a mono-polistically competitive market is characterized by firms that are not price-takers but instead face a downward-sloping demand curve. This means that if a firm increases its price, it will lose customers to its competitors. As a result, firms in a mono-polistically competitive market have some market power and are able to charge a price that is greater than the marginal cost but less than the average total cost.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Business Analytics Solutions Manual
Answers
Business analytics solutions use data and modeling to support decision-making and improve business performance.
What is business analytics?Business analytics is a method of utilizing data, statistical analysis, and modeling to aid decision making, enhance performance, and boost revenue growth. It can be applied to multiple facets of an organization like finance, marketing, and operations and can be useful in various types of business decisions.Business analytics is the use of data, statistical and quantitative analysis, and explanatory and predictive modeling to support decision-making and to understand and interpret business performance. It is used to identify patterns, trends, and insights in data, and to make data-driven decisions to improve business operations, increase efficiency and optimize revenue growth. Business analytics can be applied to various areas of a business, such as finance, marketing, and operations, and can be used to support a wide range of business decisions, from strategic planning to day-to-day operations.To learn more about business analytics refer:
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Under a contractionary taxation policy, the government can reduce the deficit by
A) increasing taxes.
B) reducing taxes.
C) increasing spending.
D) increasing inflation.
The Answer is A) increasing taxes.
Answers
Answer:
c
Explanation:
not sure but I tried may best tho
Answer:
A) increasing taxes.
Explanation:
Which aspect of diversity can be positive or negative? A (blank) can be negative or a positive.
Answers
Answer:
Positive aspects of diversity is that no one is the same. Everyone is their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.
Explanation:
i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...
Answer:
stereotyping
Explanation:
Regina a 25-year-old professional who wants to start an investment portfolio what strategy may her financial advisor suggest
Answers
Explanation:
For a young professional like Regina still in her 20's. Majority of the amount must go in high risk but high return investment tools like stocks. Some amount in low risk tools like bonds or government securities.Since Regina has more time to absorb changes in the market, she can focus on more aggressive growth stocks and avoid slow-growing assets like bonds. What i as an investment advisor would suggest her
Stocks: 80% to 90%
Bonds: 10% to 20%
b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)
Answers
Based on the given information, The guidelines do correspond with General Data Protection Regulation highlighting personal information.
As the context seems incomplete the answer is written in generalise manner.
When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.
The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).
The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
Answers
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
[Video] The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to generate a proposal for streamlining the antiquated blueprint generation process. Each office is at different stages of computerization, with different teams preferring different technologies for particular tasks. This makes everything more complex – from collaboration to revisions to cost and time management, and is having a serious impact on the company’s bottom line. The team includes Rosa Denson, Cheng Jing, and Simon Mahoney. Based on the video, what stage of group development is Joe’s team in?Multiple Choicenormingperformingaligningstormingadjourning
Answers
The type of conflict exhibited by members of Joe’s team is known as c. dysfunctional conflict.
Dysfunctional conflict is a particular kind of dispute that happens when two or more parties reach a compromise that is not advantageous to either of them individually. Conflict of this nature can lead to a power struggle, emotional suffering, distress, and relationship harm.
Dysfunctional conflict is when two parties to a dispute utilize or attempt to use one another in order to further their own interests. Dysfunctional disputes frequently cause harm and can cause tension, rage, and resentment.
Functional conflict is constructive and aids in resolving the current problem. On the other side, dysfunctional conflict is detrimental and frequently results in additional conflict.
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Correct question:
The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to generate a proposal for streamlining the antiquated blueprint generation process. Each office is at different stages of computerization, with different teams preferring different technologies for particular tasks. This makes everything more complex – from collaboration to revisions to cost and time management, and is having a serious impact on the company’s bottom line. The team includes Rosa Denson, Cheng Jing, and Simon Mahoney. The type of conflict exhibited by members of Joe’s team is known as ______ conflict. a.multicultural b. functional c. dysfunctional d. gender e. intergroup
the ceo at green inc. has established that employees should adhere to a vertical communication process and a fixed work flow system, and she strictly monitors these processes. the steps taken by the ceo at green inc. reflect the behavior of leaders suggested by the ohio state studies. group of answer choices employee-centered consideration initiating structure job-centered authoritative
Answers
The Ohio State Studies were a series of research studies conducted in the late 1940s and early 1950s by a team of researchers from Ohio State University. The studies aimed to identify the key behaviors exhibited by effective leaders in order to provide a framework for leadership development.
One of the key findings of the Ohio State Studies was that effective leaders exhibited two types of behavior: consideration and initiating structure. Consideration refers to the extent to which a leader is supportive, friendly, and approachable toward their employees. Initiating structure, on the other hand, refers to the extent to which a leader is task-oriented, organized, and focused on achieving goals.
Now, to connect this to the behavior of the CEO at Green Inc., it appears that the CEO is exhibiting a high degree of initiating structure. By establishing a fixed workflow system and monitoring it closely, she is demonstrating a focus on achieving goals and ensuring that tasks are completed efficiently. This is in line with the behavior of job-centered leaders identified in Ohio State Studies.
However, it is unclear from the information provided whether the CEO is also exhibiting consideration toward her employees. The fact that she is strictly monitoring the communication process could suggest that she is not particularly approachable or supportive towards her employees, which would be at odds with the behavior of employee-centered leaders identified in Ohio State Studies.
In conclusion, the steps taken by the CEO at Green Inc. reflect the behavior of job-centered leaders suggested by Ohio State Studies. However, without more information about her behavior towards her employees, it is difficult to determine whether she is also exhibiting consideration toward them.
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Balance sheet accounts for Joyner Company contained the following amounts at the end of Years 1 and 2 . The company's income statement for Year 2 follows:Equipment that had cost 40,000 and on which there was accumulated depreciation of 530,0 X 0 was sold during Year 2 for:Equipment that had cost 40,000 and on which there was accumulated depreciation of 30,000 was sold during Year 2 for $18,000. Cush dividends totaling 15,000 were declared and paid during Year 2 .Required:
(a) Using the indirect method, compute the net cash provided by operating activities for Year 2 .
Answers
1.Joyner Company
Statement of Cash flows
For Year 2
Particulars Amount ($) Calculation
Cash flows derived from operating activities:
Net income = 56,000
Add: Depreciation expense charged 42,000 $132,000 - $120,000 + $30,000
Less: profit on sale of equipment = 8,000
Less: Increase in accounts receivable amounts to = 80,000
Less: Increase in inventories= 50,000
Add: Decrease in prepaid expense amount= 7,000
Add: Increase in accounts payable= 60,000
Less: Decrease in accrued liabilities 10,000
Add: Increase in income tax payable 3,000
Net cash provided by operating activities (A) amounts to= 20,000
Cash flows derived from investing activities:
Cash paid for purchase of property, plant and equipment amounts= (150,000) $400,000 - $510,000 - $40,000
Add: Cash received from sale of equipment 18,000
Less: Loan given to Hymans Company 40,000
Net cash used by the investing activities (B)= (172,000)
Cash flows derived from financing activities:
Cash paid for dividends (15,000) $124,000 - $83,000 - $56,000
Add: Cash received from issuance of stock amounts to = 30,000
Add: Cash received from issuance of bonds = 120,000
Net cash received by financing activities (C) = 135,000
Net decrease in cash and cash equivalents (D = A + B + C) (17,000)
Add: Cash and cash equivalents at beginning of period 21,000
Cash and cash equivalents at end of period 4,000
2.Free cash flow = Net cash received by operating activities - Capital expenditures - Dividends
Free cash flow = $20,000 - $150,000 - $15,000
Free cash flow = ($145,000)
What Is Cash Flow?
The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows.
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Word of mouth promotion is also known as what?
Answers
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
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A 10-year bond issue with a $100,000 par value, 8% annual contract rate, with interest payable semiannually means that the issuer must repay $100,000 at the end of 10 years and make 20 semiannual interest payments of $4,000 each.Select one:TrueFalse
Answers
The statement with interest payable semiannually means that the issuer must repay $100,000 at the end of 10 years and make 20 semiannual interest payments of $4,000 each is True.
How to find the semiannual interest paymentUsing this formula to find the semiannual interest payment
Semiannual interest payment = Bond × Annual contract rate × 6/12
Where:
Bond = $100,000
Annual contract rate = 8% or 0.08
Let plug in the formula
Semiannual interest payment = $100,000 × 0.08 × 6/12
Semiannual interest payment = $4,000
Therefore correct option is A.
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the life-cycle wage pattern is the ________ effect that ________ has on earnings over a person’s working life.
Answers
The life-cycle wage pattern is the general effect that age has on earnings over a person's working life.
The pattern typically shows that earnings start low for young workers and increase steadily as they gain experience and skills, reach a peak during middle age, and then decline as workers near retirement. This pattern is often attributed to a combination of factors, including the accumulation of human capital (such as education and training) over time, changes in labor market conditions and demand for certain skills, and the impact of aging on physical and cognitive abilities.
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Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Collector - Cardz with a special order. The Hall of Fame wishes to purchase 56,000 baseball card packs for a special promotional campaign and offers $0.38 per pack, a total of $21,280. Collector - Cardz's total production cost is $0.58 per pack, as follows: (Click the icon to view the cost information.) Collector - Cardz has enough excess capacity to handle the special order. Read the requirements, Requirement 1. Prepare a differential analysis to determine whether Collector - Cardz should accept the special sales order.
Answers
In the following question, among the various parts to solve, Cardz should not accept the special sales order since the differential income is negative.
The differential analysis to determine whether Collector - Cardz should accept the special sales order is as follows:
Requirement 1: Prepare a differential analysis to determine whether Collector - Cardz should accept the special sales order.
Costs for production of the baseball card packs for the special sales order
Total production cost = $0.58 per pack
Differential revenue = $21,280 ($0.38 x 56,000 packs)
Differential cost = $33,280 ($0.58 x 56,000 packs)
Differential income = Revenue - Cost = $21,280 - $33,280 = -$12,000
Therefore, Collector - Cardz should not accept the special sales order since the differential income is negative.
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What is the main advantage for businesses that participate in the globalized market?
A. A greater number of potential customers
B. Avoiding paying taxes on international transactions
C. Decreased amount of competition
D. More complex legal requirements
Answers
The main advantage for businesses that participate in the globalized market is that they found a greater number of potential customers. Hence, Option A is correct.
What is the globalized market?
The term "globalized market" is a combination of two different terms: global and market. The market is a place where customers and buyers both meet, along with the sellers of a product, each for the requirements and needs of a person.
In the case of globalization in the international market, when a person enters the globalized market, there are various facilities and various advantages that a person has to deal with when entering to the next level.
When a person and their business participate in a global market, they find various potential customers.
Thus, Option A is correct.
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Answer:
a
Explanation:
a greater number for potential customers
it was correct on my test
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answers
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
thomas smith works for an ria firm, soliciting and negotiating investment advisory services. how should he be registered?
Answers
Thomas Smith, working for an RIA (Registered Investment Adviser) firm, soliciting and negotiating investment advisory services, should be registered as an Investment Adviser Representative (IAR).
An Investment Adviser Representative (IAR) is an individual who works for an RIA firm and engages in activities related to soliciting, negotiating, or providing investment advisory services to clients. IARs are required to register with the appropriate regulatory authorities, such as the Securities and Exchange Commission (SEC) or state securities regulators, depending on the size and location of the RIA firm.
The registration process typically involves meeting certain qualifications, passing relevant exams (such as the Series 65 or Series 66), and complying with regulatory requirements, including ongoing reporting and disclosure obligations. By being registered as an IAR, Thomas Smith would be authorized to engage in investment advisory activities on behalf of the RIA firm and serve clients in accordance with applicable laws and regulations.
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George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent
Answers
A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.
What debt-to-income ratio is too high?Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.
What is the easiest debt-to-income ratio for a mortgage?Ideal debt-to-income ratio for a mortgage
In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.
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https://brainly.com/question/26258146#SPJ46. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answers
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
Callaway Golf Company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions regarding buying custom clubs. This is an example of a(n) a. cross-sectional study. b. exploratory research. c. causal research. d. field experiment.
Answers
Answer:
a. cross-sectional study.
Explanation:
A cross-sectional study is the study that consists of data taken from a population for a particular period of time. Here study derives the interest variables that are be selected
Here in the given situation, since the company conducted a survey based on people attitudes, their preferences, intentions so that they can able to analyze purchasing the custom clubs
So here the cross sectional study is to be used
hence, the correct option is a.
A small-scale contractor is looking to expand his construction fleet through two mutually exclusive alternatives: either a) the purchase of additional pick-up trucks or b) the purchase of an additional backhoe. The contractor has an MARR of 8% per year.
Answers
The contractor's minimum attractive rate of return (MARR) is 8% per year. The contractor is seeking to increase his construction fleet through the acquisition of additional pick-up trucks or an additional backhoe. The two mutually exclusive options are as follows: a) The purchase of additional pick-up trucks. b) The purchase of an additional backhoe.
The contractor should choose the alternative that has the higher present value. The acquisition of additional pick-up trucks has an initial outlay of $60,000, an annual revenue of $20,000, and an annual maintenance cost of $10,000. Its estimated useful life is five years, after which it can be sold for $10,000. The net present value (NPV) of the project can be calculated using the following formula: Net Present Value (NPV) = Σ [Rt / (1 + r)t] - C where Rt is the net cash flow in year t, r is the discount rate, and C is the initial investment.
The net cash flow for each year is as follows: Year 1: $20,000 - $10,000 = $10,000Year 2: $20,000 - $10,000 = $10,000Year 3: $20,000 - $10,000 = $10,000Year 4: $20,000 - $10,000 = $10,000Year 5: $20,000 - $10,000 + $10,000 = $20,000The present value of each cash flow is as follows: Year 1: $9,259Year 2: $8,566Year 3: $7,918Year 4: $7,312Year 5: $12,991The NPV of the acquisition of additional pick-up trucks is as follows: NPV = ($9,259 + $8,566 + $7,918 + $7,312 + $12,991) - $60,000NPV = $46,046The acquisition of an additional backhoe has an initial outlay of $200,000, an annual revenue of $100,000, and an annual maintenance cost of $40,000. Its estimated useful life is also five years, after which it can be sold for $60,000.The net cash flow for each year is as follows: Year 1: $100,000 - $40,000 = $60,000Year 2: $100,000 - $40,000 = $60,000Year 3: $100,000 - $40,000 = $60,000Year 4: $100,000 - $40,000 = $60,000Year 5: $100,000 - $40,000 + $60,000 = $120,000The present value of each cash flow is as follows: Year 1: $55,556Year 2: $51,282Year 3: $47,337Year 4: $43,695Year 5: $77,917The NPV of the acquisition of an additional backhoe is as follows: NPV = ($55,556 + $51,282 + $47,337 + $43,695 + $77,917) - $200,000NPV = $76,787Therefore, the contractor should acquire an additional backhoe as it has a higher NPV than the acquisition of additional pick-up trucks.
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Craig is considering four loans. Loan L has a nominal rate of 8. 254%, compounded daily. Loan M has a nominal rate of 8. 474%, compounded weekly. Loan N has a nominal rate of 8. 533%, compounded monthly. Loan O has a nominal rate of 8. 604%, compounded yearly. Which of these loans will offer Craig the best effective interest rate? a. Loan L b. Loan M c. Loan N d. Loan O.
Answers
Loan L would be best for Craig that has a nominal rate of 8.254% that is compounded daily a sit gives an effective rate of interest as 117.95.
The formula for computing compounded rate of interest is given as follows:
\(A=P(1+\frac{r}{n})^{nt}\)
The effective rate of interest for loan L as per the above formula would be:
\(100(1+\frac{0.08254}{365} )^{2*365}\\=117.95\)
The effective rate for loan M would be:
\(100(1+\frac{0.08474}{52} )^{2*52} \\=118.45\)
The effective rate for loan N would be:
\(100(1+\frac{0.08533}{12})^{2*12}\\=118.54\)
The effective rate for loan O would be:
\(100(1+\frac{0.08604}{1} )^{2*1} \\=117.95\)
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A(n) ________ is a salesperson who promotes the firm and tries to stimulate demand for a product but does not actually complete a sale.
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A(n) promotional agent is a salesperson who promotes the firm and tries to stimulate demand for a product but does not actually complete a sale. Promotional agents play a crucial role in the marketing and sales process by creating awareness, interest, and excitement about a product.
These individuals often work closely with the marketing team to develop promotional campaigns, plan events, and engage with potential customers on various platforms, such as social media, emails, and trade shows. Their main objective is to generate leads and interest in the product, which can later be converted into actual sales by other members of the sales team.
Promotional agents are skilled communicators and influencers, using their expertise to highlight the benefits and features of the product in a compelling manner. They also work to build strong relationships with potential customers, industry influencers, and partners, which can contribute to the overall success of the marketing and sales efforts.
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Buying a car with credit is 8% more expensive than the cash price of £7,000; for how much is the car sold if the purchaser is paying with credit?.
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The car is sold for £7,560 if the purchaser is paying with credit, as it is 8% more expensive than the cash price of £7,000.
When buying a car with credit, the purchaser incurs an additional cost compared to the cash price. In this case, the cash price is £7,000. To calculate the price with credit, we need to add 8% of the cash price to the original amount.
To find the additional cost, we calculate 8% of £7,000: 8/100 * £7,000 = £560. Adding this additional cost to the cash price gives us the total price when purchasing with credit: £7,000 + £560 = £7,560. Therefore, the car is sold for £7,560 if the purchaser chooses to pay with credit, which is 8% more than the cash price of £7,000.
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There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
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In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
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What information does a person need to know before renting an apartment?
O The salaries earned by the building employees.
O If electricity is included in the rent of the apartment.
O The property taxes on the building that are paid by the owner.
o If the apartment building has a mortgage.
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Answer:2
Explanation:
2