Corporations analyze the societal environment through various methods to understand the external factors that can impact their business. One commonly used tool is the STEEP analysis, which stands for Social, Technological, Economic, Environmental, and Political factors.
It helps assess the broader context in which a company operates and identifies potential opportunities and challenges.
The STEEP analysis allows corporations to:
Social factors: Understand social trends, demographics, cultural values, and consumer behavior. This helps companies align their products or services with societal needs and preferences.Technological factors: Evaluate technological advancements and their impact on the industry. This analysis helps identify opportunities for innovation, automation, and digital transformation.Economic factors: Assess macroeconomic conditions, such as economic growth, inflation, interest rates, and consumer spending. Understanding the economic environment helps businesses make informed decisions regarding pricing, investments, and market expansion.Environmental factors: Consider ecological and sustainability issues, including climate change, resource scarcity, and environmental regulations. By analyzing these factors, corporations can develop environmentally responsible practices and meet the expectations of environmentally conscious consumers.Political factors: Examine governmental policies, regulations, trade agreements, and political stability. This analysis helps businesses anticipate potential changes in regulations, assess geopolitical risks, and understand the impact of political decisions on their operations.While STEEP analysis can be a valuable tool, it's important to note that no single framework is universally appropriate for all situations. Corporations should consider other analysis tools and frameworks in conjunction with STEEP analysis to gain a comprehensive understanding of the societal environment. Additional methods may include PESTLE analysis (which includes Legal and Ethical factors) or SWOT analysis (which assesses internal strengths and weaknesses alongside external opportunities and threats).
Ultimately, the appropriateness of using STEEP analysis or any other tool depends on the specific needs and context of the corporation and the depth of understanding required about the societal environment.
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April has joined a team with members from the sales, customer service, and
shipping and receiving departments. Which term best describes the team
April joined?
O A. Cross-functional team
B. Problem-solving team
O C. Self-managing team
D. Work team
Answer:cross-functional team
Explanation:
Per Unit Iten Unita Cont Market Car audio equipment Speakers Stereos 341 $.96 $104 256 117 106 Amplifiers 322 92 101 Subwoofers 200 58 47 Security equipment Alarma 476 156 131 Locks 207 99 90 Cameras 208 316 328 Binocular equipment Tripods 101 76 90 Stabilizers 166 103 111 Required: 1. Compute the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.
To compute the lower of cost or market (LCM) for the inventory applied separately to each item and determine if an LCM adjustment is needed, we compare the cost and market values for each item.
1. Compute the lower of cost or market for each item:
a. Car audio equipment:
- Speakers: The cost per unit is $0.96, and the market value per unit is $1.04. The LCM is $0.96.
- Stereos: The cost per unit is $104, and the market value per unit is $106. The LCM is $104.
b. Amplifiers:
- The cost per unit is $92, and the market value per unit is $101. The LCM is $92.
c. Subwoofers:
- The cost per unit is $58, and the market value per unit is $47. The LCM is $47.
2. Determine if an LCM adjustment is needed:
If the market value is less than the recorded cost for any item, an LCM adjustment is required. In this case, an LCM adjustment would be recorded to the Merchandise Inventory account for the items with a market value lower than the recorded cost. The adjustment would be the difference between the recorded cost and the market value.
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Foot locker has mastered online and mobile efforts that link seamlessly with store operations, offering options such as buy online, ship from store and buy online, reserve in store for pickup. This is an example of ________.
There are several forms of marketing channels.Mobile task management technology is useful in buy-online-and-pick-up-in-store Purchase.
Mobile Task Manager (MTM) is known as a good rated customizable app that allows people to manage service request / work order.Marketing channel management is also known as supply chain management that uses different Kinds of approaches and techniques firms employ to efficiently and effectively their suppliers.Task management is simply known as the Method of monitoring your project’s tasks through their different stages from start to finish.Marketing channels come in a variety of shapes and sizes.Technology for mobile task management is helpful in online purchases with in-store pickup.MTM, or Mobile Task Manager, is regarded as a reliable a highly rated customized app that enables users to manage work orders and service requests.
Additionally known as marketing channel management as supply chain management, which utilizes several businesses’ methods and approach types techniques to integrate properly and efficiently their vendors.The term “task management” refers to the way for keeping track of the activities for your project their many phases from beginning to end.Omnichannel distribution is the strategy used by the business to give customers the opportunity to buy many products from different stores, whether they are available online or offline.
Therefore, it is a commonly employed sales technique to boost the company’s profits by luring clients from both the offline and online platforms, and it strives to be made available even in the tiniest stores.
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a man is selected by a marketing company to participate in a paid focus group. the company says that the man was selected because his name is among the first 400 in the phone number listings. What type of sampling did the company use?
The sampling technique used by the company for number listing is Convenience Sampling.
Convenience sampling is a non-likelihood examining technique where units are chosen for consideration in the example since they are the most straightforward for the scientist to get to.
This can be because of geological nearness, accessibility at a given time, or eagerness to partake in the exploration. Now and then called unintentional examining, comfort testing is a kind of non-irregular inspection. Convenience sampling is many times utilized in subjective and clinical exploration studies.
In clinical exploration, Convenience sampling frequently includes choosing clinical cases or members that are accessible around a specific area (like a clinic) or a clinical records data set.
In subjective exploration, Convenience sampling is many times utilized in sociologies and training where it's advantageous to utilize prior gatherings, like understudies.
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What you think the impact on society is for the ones making the pencils
Answer:
The impact was how many trees were being cut down.
Explanation:
People eyes were opened to how many trees were being used and programs were started for tree conservation. We now have mechanical pencils which use no wood at all. This dramatically cut down the usage of trees and got people's eyes opened to the shortage in trees. Graphite and the wooden holders.
Answer:
I think that it made business even easier by making them able to write easily.
Explanation:
Pencil was made to mark and write things, it could be used for counting or calculating during the time without technology. It could be used for writing on paper and then to turn it in.
a bond currently sells for $1,040, which gives it a yield to maturity of 8%. suppose that if the yield increases by 30 basis points, the price of the bond falls to $995. what is the modified duration of this bond? (do not round intermediate calculations. round your answer to 4 decimal places.)
The modified duration of the bond is 150. To answer the question, we need to round this value to 4 decimal places, giving us is Modified Duration = 150.0000.
The modified duration of a bond is a measure of its price sensitivity to changes in interest rates. To calculate the modified duration of the bond, we need to know the current price of the bond, the coupon rate, and the yield to maturity.
Let's call the coupon rate "C", the yield to maturity "Y", and the face value of the bond "F". The modified duration of the bond can be calculated as follows:
Modified Duration = (Price of Bond) / (Coupon / Yield to Maturity + Yield to Maturity / (1 + Yield to Maturity)^2)
In this case, the price of the bond is $1,040, the coupon rate is not given, and the yield to maturity is 8%. Plugging these values into the formula, we get:
Modified Duration = $1,040 / (C / 8% + 8% / (1 + 8%)^2)
Since the coupon rate is not given, we'll have to use the information given in the question to estimate it. Let's use the bond price change due to a 30 basis point increase in yield to help us estimate the coupon rate. If the bond's yield to maturity increased by 30 basis points, its price would fall to $995.
The bond price change can be calculated as follows:
Price Change = Modified Duration * (Change in Yield)
In this case, the price change is $1,040 - $995 = $45. Plugging in the values we have, we get:
$45 = Modified Duration * 0.3 / 100
Solving for Modified Duration, we get:
Modified Duration = $45 / (0.3 / 100) = 150
So the modified duration of the bond is 150. To answer the question, we need to round this value to 4 decimal places, giving us:
Modified Duration = 150.0000.
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If Ryan purchases a sandwich, he is using money as:
A. a medium of exchange
B. A unit of measure
C. A store of value
Answer:
a. a medium of exchange
Explanation:
i took the test
If Ryan purchases a sandwich, he is using money as a medium of exchange. Thus, the correct answer is option A.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socioeconomic context as payment for goods and services and repayment of debts, such as taxes. It is the medium in which prices and values are expressed.
The primary functions of money are- as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Ryan is purchasing the sandwich with the help of money. Money is exchanged for the sandwich, acting as a medium of exchange.
Therefore, Ryan is using money as a medium of exchange.
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What are the limits to economic freedom in a private enterprise system?
Answer:
crime
Explanation:
stay away from something for nothing
it has brought slavery to theft
Describe how the four balanced scorecardcomponents might be used for feedback control withinorganizations. Which of these components is more similar to outcomecontrol? Behavior control?
The four balanced scorecard components - financial, customer, internal processes, and learning and growth - can be used for feedback control within organizations by setting goals and measuring progress towards those goals.
The financial component measures the financial performance of the organization, while the customer component focuses on customer satisfaction and retention. The internal processes component measures efficiency and effectiveness within the organization, and the learning and growth component measures employee training and development. Of these components, the financial component is more similar to outcome control as it focuses on the ultimate outcome of profitability. On the other hand, the learning and growth component is more similar to behavior control as it focuses on the behavior and skills of employees and aims to improve them through training and development. Ultimately, all four components can be used for feedback control to ensure that the organization is achieving its goals and improving its performance over time.
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Competitive scope is Group of answer choices a business strategy. the common thread found in the firm's mission statement. an element of the marketing mix. the breadth of the company's target market.
The competitive scope refers to the breadth of a company's target market and is an important aspect of its business strategy.
The competitive scope of a business strategy refers to the specific market segments or customer groups that a company targets with its products or services. It defines the range of customers that the company aims to serve and compete with in the marketplace. This strategic decision determines the company's focus and direction, guiding its efforts in terms of product development, marketing, and resource allocation.
The competitive scope is not directly related to a firm's mission statement or an element of the marketing mix. While a mission statement may articulate the overall purpose and values of the company, it may not specifically address the target market or competitive scope. The marketing mix, on the other hand, consists of the tactical elements of product, price, promotion, and place, which are used to reach and satisfy the target market.
In summary, the competitive scope is a key component of a business strategy, representing the breadth of a company's target market. It helps define the company's focus and guides its efforts to serve and compete effectively in the marketplace.
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Suppose that for 10 bicycles, the total fixed cost is $100 and total variable cost is $300. Then the average fixed cost and average variable cost are:
The price one bicycle is $21
Explanation:
because 100÷10=0.1
and the total is 300$
300-100=20
20+0.1=20
answer is 21
In the long run? a. inputs that were fixed in the short run remain fixed. b. inputs that were fixed in the short run become variable. c. inputs that were variable in the short run become fixed.
In the long run inputs that were fixed in the short run remain fixed.
Conversely, the long run is a period in which all inputs, including factory space, fluctuate, meaning there are no fixed factors or constraints that prevent output from increasing.
The continuous production function can be understood as the period during which the firm cannot change all inputs. Conversely, the long-term production function indicates how long a firm can change all inputs.
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What ia Marginal benefit
Marginal benefit is the incremental increase in the benefit to a consumer caused by the consumption of one additional unit of a good or service.
For example, a consumer is willing to pay $5 for an ice cream, so the marginal benefit of consuming the ice cream is $5.
hope this help!
Answer:
In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.
Explanation:
standard cost systems blank . multiple select question. are based on what managers think costs should be are rarely used in practice in well-established businesses help maintain consistency and quality help managers budget and control costs
Standard cost systems use pricing based on what they should be rather than what managers believe expenses should be. The managers arrive at these rates by projecting the costs that the company will experience during the production process and then generating the costs based on their projections.
How can costs be managed successfully inside an organization?Rework, rejection, reverse logistics, labor costs, and material costs have all been decreased as a result of doing things correctly the first time, controlling operations based on facts, and implementing statistical process controls.
What is the key to efficient cost management?Keeping track of costs, risks, and other budget-affecting factors is the key to efficient cost control. You must achieve this by using technologies to manage data, track spending and resources, generate reports, and make real-time budget modifications.
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Do you think business is abusing its power with respect to invasion of privacy of consumers? Is surveillance of consumers in the marketplace a fair and justified practice? Which particular practice do you think is the most questionable?
Businesses have power over their consumers because they provide products and services that customers require, however, abusing their power with respect to invading the privacy of their consumers has been on the rise in recent years. Surveillance of consumers in the marketplace is not always a fair and justified practice.
In fact, it is an unethical practice in most cases.The most questionable practice in this regard is when businesses start collecting personal data of consumers without their knowledge. This is a breach of trust and a violation of privacy. This happens in a number of ways such as when companies install spyware or adware on a user’s device or when they collect data from cookies on their websites.
Such data is often used for advertising purposes, targeting consumers with advertisements based on their web browsing habits.Companies argue that they use such data to provide a more personalized experience to the consumers.
However, this practice raises the question of whether businesses should have the right to collect and use personal data without the explicit consent of the consumers.
Businesses must act ethically and with transparency when it comes to collecting and using personal data of their consumers. They must be held accountable for any violations of privacy that occur as a result of their practices.
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when effective leaders hear others complaining about a problem, which action would they most likely take?
When effective leaders hear others complaining about a problem, THE action would they most likely take is: To try to learn how big the problem really is.
Who is a leader?A leader is person that possess a leadership skills and help to direct and lead the people that are under him/her.
An effective Leaders does not ignore problems but they tend to learn how big the situation and try to figure and solve it.
Therefore the action would they most likely take is: To try to learn how big the problem really is.
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what is true about taxes?
a. most citizens want to pay the highest amount possible?
b. Taxes benefit the government, but they do not benefit the citizens.
c. Traces benefit the citizens, but they do not benefit the government.
d. The tax money comes out of the citizens income and overall wealth
Answer: D) the tax money comes out of the citizen’s earned income and overall wealth.
Explanation:
Just took the test.
which three statements help define a market/fit hypothesis
A market/fit hypothesis can be defined by the following three statements: (1) There is a specific target market with a clear problem or need, (2) The proposed product or solution effectively addresses that problem or need, and (3) The target market is willing and able to pay for the product or solution.
A market/fit hypothesis is a fundamental concept in entrepreneurship and product development. It involves identifying a specific target market and validating that there is a genuine demand for a product or solution within that market.
The first statement emphasizes the importance of identifying a specific target market. This involves understanding the characteristics, preferences, and behaviors of the target customers, as well as identifying the problem or need they have that the product or solution aims to address.
The second statement highlights the need for the proposed product or solution to effectively solve the identified problem or fulfill the target market's need. This requires developing a product that provides value and delivers a solution that is superior or different from existing alternatives.
The third statement focuses on the market's willingness and ability to pay for the product or solution. It is essential to determine if the target market has the willingness to pay for the product at a price that allows for a viable business model.
By formulating and testing a market/fit hypothesis based on these three statements, entrepreneurs and product developers can gain insights into the potential success and viability of their product or solution in the market.
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You buy a new commercial stove for $9,000 and estimate that it will enable you to deliver 20 additional meals per night at an average price of $20. Assuming 25% food cost and no additional costs to using the new stove, how long will it take the stove to pay for itself? a)30 days, b) 90 days, c)180 days, d)365 days
Answer:
a)30 days
Explanation:
For the stove to repay itself, it will have to reach the break-even point.
the costs associated with the are the cost $9000
The gains from the stove: 20 meals per night at $20.
the cost per mean is 25% of the selling price
=25/100 x 20
=0.25 x20
=$5
The profits per meal = $20 -$5 = $15
Profits for 20 meals = $15 x 20 =$300
Dairy income from the stove is $300
To recover the cost, it will take $9000/$300 days.
=30 days
Answer:
30 days
Explanation:
Imagine a product or service you are not happy with. Which of the following is NOT a step you should take to make a consumer complaint?
Select one:
a. be sure to identify the problem and a fair solution to solving
b. go to the store manager and threaten legal action
c. have back up material to substantiate your claim
I need money :/ how do you make an online business
Answer:
get a job. invest on the job you have then quit and start selling products
Economic growth can result from a(n) _____ in government expenditures and a(n) _____ in net exports. decrease, decrease increase, decrease increase, increase
Economic growth can result from a(n) increase in government expenditures and a(n) increase in net exports.
What is economic growth a result of?
In general, there are two primary factors that contribute to economic growth: an increase in the workforce's size and an increase in that workforce's productivity (output per hour worked). Both can expand the economy's total size, but only robust productivity growth can raise per capita GDP and income.
Increases in an economy's production capacity or potential GDP are referred to as economic growth. The main factor affecting changes in a society's standard of living—often determined by real GDP per capita—is the pace of economic expansion. Resources, labour, capital goods, and entrepreneurship are the four main drivers of economic growth.
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its increase increase
which of these is an example of a payroll tax?
a) road usage tax
b) social security tax
c) state sales tax
d) paycheck withholding
Answer:
b) social security tax
Explanation:
Payroll tax is a tax deducted from an employee's paycheck and remitted to the authorities. Payroll tax is a component of deduction that employers make on all salaried employees.
Social security is an example of a payroll tax. It is a mandatory tax imposed by the government. Employees receive their net salaries with the payroll taxes already deducted. In other words, in payroll taxes, the employees do not come into contact with the tax amount.
What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
lazer co. is a u.s. firm that exports computers to belgium invoiced in euros and to italy invoiced in dollars. additionally, lazer co. has a subsidiary in south korea that produces computers and sells them there. lazer also has competitors in different countries. lazer co. is subject to: (lo 8.1) group of answer choices
Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to translation exposure.
Translation publicity (also known as translation threat) is the risk that an employer's equities, assets, liabilities, or earnings will alternate in cost because of change fee adjustments. This happens whilst a firm denominates a part of its equities, assets, liabilities, or profits in overseas forex. Transaction publicity arises whilst a business enterprise enters into a transaction regarding overseas foreign money and commits to make or receive payment in foreign money aside from its domestic forex. Translation publicity arises on the stability sheet consolidation date and is on the give-up of a given monetary length (sector or yr). Translation exposure is a form of accounting chance that arises due to fluctuations in forex quotes. converting the values of a overseas subsidiary's holdings into the figure employer's domestic currency can lead to inconsistencies if trade rates trade constantly.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Lazer Co. is a U.S. firm that exports computers to Belgium invoiced in euros and to Italy invoiced in dollars. Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to:
a.
transaction exposure.
b.
economic exposure.
c.
translation exposure.
d. all of these
what steps should be taken to detect alleged industrial/cyber espionage? discuss the implications of each of the steps proposed.
There are several steps that can be taken to detect alleged industrial/cyber espionage. These steps include:
1. Conducting regular security assessments: One of the first steps that should be taken is to conduct regular security assessments. This can help to identify vulnerabilities and potential threats, as well as highlight areas where security measures may need to be improved.
Implications: Regular security assessments can be time-consuming and expensive, but they are essential in identifying potential vulnerabilities and threats that could be exploited by cybercriminals or industrial spies.
2. Monitoring network activity: Another important step is to monitor network activity. This can help to identify any unusual activity that may be indicative of espionage, such as unauthorized access or data exfiltration. Implications: Monitoring network activity can be a complex task, requiring sophisticated tools and expertise. Additionally, there may be concerns around privacy and data protection, particularly if employees' online activity is being monitored.
3. Implementing access controls: Implementing access controls can help to limit the risk of espionage by restricting access to sensitive data and systems. This can include measures such as multi-factor authentication, firewalls, and encryption. Implications: Access controls can be difficult to implement, particularly in organizations with complex systems and large numbers of employees. Additionally, there may be resistance from employees who feel that such measures are overly restrictive or intrusive.
4. Educating employees: One of the most effective ways to prevent espionage is to educate employees about the risks and how to avoid them. This can include training on password hygiene, phishing scam and other common tactics used by cybercriminals and industrial
Implications: Educating employees can be time-consuming and may require a significant investment in resources. Additionally, there is always the risk that employees may not take the training seriously or may not apply the lessons learned in practice.
In conclusion, detecting alleged industrial/cyber espionage requires a multifaceted approach that includes regular security assessments, network monitoring, access controls, and employee education. Each of these steps has its own implications and challenges, but taken together they can help to minimize the risk of espionage and protect sensitive data and systems.
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The difference between advertising and publicity is that advertising is.
The difference between advertising and publicity is that advertising is a paid form of promotion that is usually controlled by the advertiser, while publicity is a form of free promotion that is not necessarily controlled by the organization or individual being promoted. Advertising is typically designed to reach a specific target audience through various media channels such as television, radio, print, or online, while publicity is usually generated through media coverage or word-of-mouth referrals.
Additionally, advertising usually has a specific call-to-action, such as buying a product or visiting a website, while publicity may simply aim to raise awareness or generate interest in a particular topic or brand.
The difference between advertising and publicity is that advertising is a paid form of communication used by businesses to promote their products or services, while publicity is the free exposure a company or individual receives through media coverage or public relations efforts.
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When developing a labor plan with the client, which outcome is the priority?
a. The client will deliver the fetus vaginally.
b. The client will be pain-free during the labor process.
c. The client will direct her pain management techniques.
d. The client will attend all prenatal classes prior to delivery.
The priority outcome when developing a labor plan with the client varies and depends on the individual needs and preferences of the client.
The ultimate goal of the labor plan is to promote a safe and healthy childbirth experience for both the mother and the baby. This can involve a combination of factors, including the client's desire for a va-ginal delivery, effective pain management, the use of specific pain management techniques, and attending prenatal classes to gain knowledge and confidence about the childbirth process. Ultimately, the priority outcome is to ensure that the client feels empowered and supported throughout the labor and delivery process.
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After listing a home with a broker, the seller told the broker NOT to disclose a major structural defect in the house. What should the broker do
Answer:
he should not disclose a major structural defect in the house
If a new car is valued at $21,300 and 7 years later it is valued at $8000, then what is the average rate of change of its value during those 7 years?
The average rate of change of the car's value over the 7-year period can be calculated by finding the difference in value and dividing it by the time elapsed. In this case, the initial value of the car is $21,300 and its value after 7 years is $8,000.
To calculate the average rate of change, we subtract the initial value from the final value: $8,000 - $21,300 = -$13,300. The negative sign indicates a decrease in value.
Next, we divide the difference in value by the time elapsed, which is 7 years: -$13,300 / 7 = -$1,900 per year.
Therefore, the average rate of change of the car's value over the 7-year period is -$1,900 per year, indicating a depreciation in value of $1,900 per year on average.
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