A good audience profile contains analysis of which of the following questions?
a. Who are your audience members?
b. What are their attitudes?
c. What do they need to know?
d. all of the above

Answers

Answer 1

Answer:

b)what are their attitudes


Related Questions

If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?

Answers

As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.

In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.

By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.

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On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*​

Answers

Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.

To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:

1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.

2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.

3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.

4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.

5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.

6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.

7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.

By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.

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If the amount of credit is 300,000 how much is the discount if the debtor is given a credit term of 2/10 N/30?show your

Answers

Answer:

6,000

Explanation:

In credit sales, 2/10 Net 30 means that the seller has offered the customer a trade discount.  2/10 net 30 is a conditional discount available if payment is made in 10 days. It's a 2% discount should the customer pay in 10 days, if not so, the full amount is due within 30 days.

The discount amount for 300,000 is 2 percent of 300,000.

=2/100 x 300,000

=0.02 x 300,000

=6,000

Present and future value tables of $1 at 3% are presented below:
N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1
1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000
2 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087
3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347
4 1.12551 0.88849 4.1836 3.71710 4.3091 3.82861
5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710
6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971
7 1.22987 0.81309 7.6625 6.23028 7.8923 6.41719
8 1.26677 0.78941 8.8923 7.01969 9.1591 7.23028
9 1.30477 0.76642 10.1591 7.78611 10.4639 8.01969
10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611
11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020
12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262
13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400
14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496
15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607
16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794
At the end of each quarter, Patti deposits $2,200 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in 4 years?
a. $31,060.
b. $29,551.
c. $30,532.
d. $29,803.

Answers

Based on the amount being deposited, Patti will have a total of $44,345.18 after 4 years.

Patti is depositing a specific amount every month so this is an annuity.

First we have to convert the interest rate and period to quarterly basis as this is the period of compounding.

12%/4 = 3% per quarter

Period = 4 x 4 = 16 quarters

The value of this investment after 4 years is:

Future value of Annuity = Annuity x FVA,16 periods, 3%

= 2,200 x 20.1569

= $44,345.18

In conclusion, Patti will have $44,345.18 in 4 years.

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Determine the function of store department?​

Answers

Answer:

Store Department is making procurement of Stock/Non Stock items required for safe running of trains, proper upkeep/maintenance of rolling stock

Describe the internal control features that were missing that enabled the employee to commit this fraud.

Describe what actions the employer should take to prevent this kind of fraud from happening in the future.

High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.

Answers

Answer:

yes my answer is yes

Explanation:

I dont know

tylor is considering a five-year project that will require $859,000 for new fixed assets that will be deprecieated what is the amount of the aftertax salvage value

Answers

Answer:

$120,603.60

Explanation:

The computation is shown below:

But before that the following calculations to be done

Salvage Value = Cost of Asset × 18%

= $859,000 × 18%

= $154,620

Since the fixed asset depreciated to zero for the 5 years so the book value should also be zero

Now  

Capital Gain = Salvage Value - Book value of Asset

= $154,620 - $0

= $154,620

Tax on Capital Gain = Capital Gain  ×  Tax Rate

= $154,620  ×  0.22

= $34,016.4

And finally,

After Tax Salvage Value = Salvage Value - Tax on Capital Gains

= $154,620 - $34,016.40

= $120,603.60

tylor is considering a five-year project that will require $859,000 for new fixed assets that will be

Drag the tiles to the boxes to form correct pairs.
Match the scenarios to the appropriate elements.
input
labor
infrastructure
cost
Jonny has to pay rent and wages to his
employees before he begins production.
>
Jonny has to hire workers to begin
production in his company.
<
>
Jonny has ordered raw material for his
production
>
Jonny has set up machinery in his
company for efficient production.

Answers

Answer: cost, labor, input, infrastructure

             

Explanation:this did the test on edmentum

cost

Jonny has to pay rent and wages to his

employees before he begins production

labor

Jonny has to hire workers to begin

production in his company.

input

Jonny has ordered raw material for his

production

infrastructure

Jonny has set up machinery in his

company for efficient production.

Took the test this is right.

Fran purchased an annuity that provides $7,400 quarterly payments for the next 10 years. The annuity was purchased at a cost of $185,000. How much of the first quarterly payment will Fran include in her gross income?

Answers

The first quarterly payment that Fran will include in her gross income is $4500.

What is gross income?

Gross income is the amount of money that an individual makes before any taxes or other deductions, also known as gross pay when it shows on a paycheck. This includes all forms of income, not only wages from employment, and is not limited to money-related income; it also includes income from the receipt of goods or services. When deciding whether or not to lend money to someone or rent to them, lenders and landlords consider their gross income. Gross income is the starting point when filing federal and state income taxes since it is used to determine the amount of tax that must be paid before deductions are taken into account. Using gross income and limiting the costs that are included in the research, the organization can better understand what causes success or failure.

First quarterly payment= (300,000 / (40*10)) = 7500 12,000 - 7500 = $4500

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he December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year?

Answers

the cash flow to stockholders for the year is $169,000 negative.

Equity is equal to common stock plus any paid-in surplus.

Common stock plus additional paid-in excess equals total equity at the outset.

=136,000+2,610,000=$2,746,000

Common stock + Extra Paid-in Surplus = Total Equity at End

=146,000+2,910,00)=$3,056,000

Hence, new equity equals total equity at the end minus total equity at the beginning.

3,056,000-2,746,000=$310,000

Dividends paid minus new equity equals cash flow to investors.

= 141,000-310,000

= -169,000

=$169,000 a loss

a sum of money distributed to shareholders from a company's profits. Although they can do so at any time, public firms that pay dividends often do so on a predetermined timetable. Special dividends or additional dividends are terms used to describe unexpected dividend payouts.

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Once her teams goals were set Alyssa asked each team member to come up with a(n)____ to reach her goals.

Answers

Once her team's goals were set Alyssa asked each team member to come up with a(n) action plan to reach her goals.

What is an Action Plan?

This refers to the document that shows the list of steps that should be taken by a person in order to achieve or actualize their goals in a methodical manner.

Hence, we can see that based on the fact that the team goals have been set, Alyssa asked her team to form an action plan which was to help them achieve her goals and shows the list of actions and steps to be taken.


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Assume the MPC is 0.6. If government were to impose $10 billion of new taxes on household income, consumption spending would initially decrease by

Answers

Answer:

$6 billion

Explanation:

Calculation to determine what consumption spending would initially decrease by

Using this formula

Decrease in Consumption spending=MPC * New taxes on household income

Let plug in the formula

Decrease in Consumption spending=0.6*$10 billion

Decrease in Consumption spending=$6 billion

Therefore consumption spending would initially decrease by $6 billion

Question 10 of 10
How do values play a role in planning a career?

Answers

Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.

What are values in career planning?

Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.

Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.

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What is the definition of gross income?

Answers

Gross income refers to the total income earned by an individual, business, or entity before any deductions or expenses are subtracted.

Gross income is typically calculated on an annual basis, representing the total income earned over a specific period, usually a fiscal year. It serves as a starting point for determining taxable income, which is the amount on which taxes are assessed.

It is important to note that gross income does not account for any deductions or expenses, such as taxes, operating costs, depreciation, or other business expenses. These deductions are subtracted from the gross income to arrive at the net income or taxable income, which is the actual amount on which taxes are levied.

For individuals, gross income includes wages or salaries earned from employment, income from self-employment or freelancing, rental income, investment income, and other sources. It is reported on the individual's tax return and is used to determine their tax liability.

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The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used in making the purchase decision, and (3) frequency of purchase. Convenience items are items that the consumer purchases frequently, conveniently, and with a minimum of shopping effort. Shopping products are items for which the consumer compares several alternatives on criteria such as price, quality, or style. Specialty products are items that the consumer makes a special effort to search out and buy. Unsought products are items that the consumer either does not know about or knows about but does not initially want.Two broad categories of products widely used in marketing relate to the type of user. Consumer products are products purchased by the ultimate consumer, whereas business products (also called B2B products or industrial products) are products organizations buy that assist in providing other products for resale. In this exercise, we will study the four different types of consumer products.Write the product examples to the correct consumer product type Royce Poplar coffin Patek Philippe watch Sony Blu-ray Disc™ player Maytag® dishwasher Doritos Hermès Birkin bag Zest bar soap Goodyear Ultra Grip tires Type of Consumer Product Convenience Product Shopping Product Specialty Product Unsought Product

Answers

Answer:

Types of Consumer Product       Examples

Convenience Product:                 Zest bar soap

Shopping Product:                       Sony Blu-ray Disc™ player

                                                     Doritos Hermès Birkin bag

                                                     Goodyear Ultra Grip tires

Specialty Product:                       Patek Philippe watch

                                                    Maytag® dishwasher

Unsought Product:                      Royce Poplar coffin

Explanation:

a) The factors that distinguish consumer products are:

(1) effort the consumer spends on the decision

(2) attributes used in making the purchase decision

(3) frequency of purchase.

b) Types of Consumer Product

Convenience Product

Shopping Product

Specialty Product

Unsought Product

c) Product Examples:

Royce Poplar coffin

Patek Philippe watch

Sony Blu-ray Disc™ player

Maytag® dishwasher

Doritos Hermès Birkin bag

Zest bar soap

Goodyear Ultra Grip tires

1.Apply the SOSTAC model to ASOS and highlight why it has become
such a successful online fashion brand?

Answers

he SOSTAC model is a strategic planning framework that stands for Situation analysis, Objectives, Strategy, Tactics, Action, and Control.

Situation analysis: ASOS operates in the highly competitive and dynamic online fashion industry. It was founded in 2000 and has grown rapidly since then to become a global brand with a presence in over 200 countries.

Objectives: ASOS's objective is to become the go-to destination for online fashion shopping. It aims to provide its customers with a seamless and personalized shopping experience that caters to their unique style preferences.

Strategy: ASOS's strategy is centered on offering a wide range of products from its own label as well as other brands, at competitive prices. It also uses technology to enhance the customer experience by providing features like visual search, social media integration, and personalized recommendations.

Tactics: ASOS uses various tactics to execute its strategy, such as aggressive marketing campaigns, partnerships with influencers, and collaborations with other brands. It also invests heavily in technology to constantly improve its online platform and provide customers with a seamless shopping experience.

Action: ASOS regularly updates its product offerings, website design, and marketing campaigns to stay relevant and appeval to its target audience. It also actively engages with its customers through social media and other channels to understand their preferences and needs.

ASOS has become such a successful online fashion brand due to its effective execution of the SOSTAC model. Its focus on offering a wide range of products at competitive prices, using technology to enhance the customer experience, and actively engaging with customers has helped it establish a strong brand identity and a loyal customer base.

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which of the following resume statements is most effective?

have experience entering data into Microsoft word and excel

proficient in excel, word, visio, publisher, and powerpoint

certified in microsoft office

used expertise in data entry software, analyzed progress of energy conservation in green energy plants

Answers

Answer:

option D i am not sure my answers is correct or not

Answer:

used expertise in data entry software, analyzed progress of energy conservation in green energy plants

Explanation:

If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,

Answers

Answer: you save $15

Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price

Explanation:

The cost of an items is 200. what will be the cost of 50 such. write a simple program

How fast do you guys help students answer questions?

Answers

Usually takes 10 minutes it can be faster or longer I try to help everyone

Answer:

it depends on who is answering, what the question is, and what you want in the question. regularly answers come within 5 minutes, but if its really complicated then those questions almost never get answered

The livestream on the social media to sell the products is personal selling on the internet? I have to find the examples of the personal selling on the Internet MKT subject.

Answers

The livestream on the social media to sell the products is considered to be a personal selling on the internet.

Personal selling is referred to the process of directly engaging with buyers in order to explain to them about a particular product and communicate with them about their experience and expectations. Thus, personal selling involves creating a customer relationship so that one can walk them through the process.

So, the livestream on the social media in order to sell the products is called as a personal selling on the internet. Thus, with social media technology, sellers are given unique opportunity to influence, build, and manage individual relationships with customers.

Hence, personal selling is also regarded as face-to-face selling.

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What does the Federal Reserve help regulate?

Answers

Answer:

The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks, credit unions, and savings and loans. Payments services include issuing, transferring and redeeming U.S. government securities, processing and clearing checks, and transferring funds.

Explanation:

I am wondering what the answer to question number 4 is thank you!

I am wondering what the answer to question number 4 is thank you!

Answers

Answer:

the answer is thank you because you said it

Explanation:

DUH=)

You will prepare a SWOT analysis using James Avery . As a reminder, your company's strengths and weaknesses are internal, issues you have control over and can modify. Opportunities and threats are external; matters going on outside your company, in the larger global market​

Answers

James Avery's strengths lie in its strong brand image, product differentiation, and customer loyalty, but it faces weaknesses in limited international presence and production constraints, while opportunities lie in market expansion and customization, and threats include intense competition and changing consumer preferences.

SWOT Analysis of James Avery:

Strengths:

Strong Brand Image: James Avery has a well-established and recognized brand known for its high-quality craftsmanship and unique designs.

Product Differentiation: The company offers a wide range of handcrafted jewelry pieces, allowing it to stand out in the market and cater to diverse customer preferences.

Customer Loyalty: James Avery has a loyal customer base due to its reputation for superior customer service, personalized shopping experiences, and long-lasting jewelry.

Vertical Integration: The company controls its entire production process, from design to manufacturing, ensuring quality control and efficient operations.

Retail Presence: With over 90 retail stores and a strong online presence, James Avery has a widespread reach, providing convenient access to its products.

Weaknesses:

Limited International Presence: The company primarily operates within the United States, limiting its exposure to global markets and potential customers.

Relatively High Price Point: James Avery's handcrafted jewelry often comes with a higher price tag compared to mass-produced alternatives, potentially limiting its market share among price-sensitive customers.

Dependency on Traditional Designs: While the company's traditional designs have been popular, there is a need to continually innovate and adapt to changing fashion trends to appeal to a wider audience.

Production Constraints: Handcrafted jewelry production can have limitations in terms of scalability and speed, which may affect the company's ability to meet increasing demand.

Opportunities:

Market Expansion: James Avery can explore international markets and expand its retail footprint to reach a larger customer base.

Online Sales Growth: The company can capitalize on the growing e-commerce trend by enhancing its online platform and digital marketing strategies.

Customization and Personalization: Offering customizable jewelry options can attract customers seeking unique and personalized pieces.

Collaboration and Partnerships: Collaborating with fashion designers or influencers can help James Avery reach new audiences and create exclusive collections.

Threats:

Intense Competition: The jewelry industry is highly competitive, with both traditional and online retailers vying for market share.

Economic Factors: Economic fluctuations, recessions, or changes in consumer spending patterns can impact discretionary purchases like jewelry.

Counterfeit Products: The presence of counterfeit jewelry in the market poses a threat to James Avery's brand reputation and sales.

Changing Consumer Preferences: Shifting fashion trends or evolving consumer preferences may require the company to adapt its designs and offerings to stay relevant.

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A Birmingham, Alabama, foundries produces cast-iron ingots according to a 3-month capacity plan. The cost of labor averages $100 per regular shift hour and $140 per overtime (O.T.) hour. Inventory carrying cost is thought to be $4 per labor-hour of inventory carried. There are 50 direct labor-hours of inventory left over from March. For the next 3 months demand and capacity (in labor-hours) are as Month Regular labor (hours) O.T. Labor (hours) Demand APR 2880 355 3000 MAY 2780 315 2750 JUN 2760 305 2950 Develop an aggregate plan for the 3-month period using the transportation method. a. What is the overall cost of this plan

Answers

kjkkkkjbbbbj in jhhbhh

Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so

Answers

Business health insurance plans are varied.

Situation
The context you find yourself in is electronics store owner. The name of your store is Electro Hut. As an owner you want to make a profit. You need to price the products you are selling, but need to make sure that overall you have 30% profit, but two of the products you sell require you to sell them for a price set by the manufacture.
The challenge involves dealing with your customers. In order to be the best store in town, you must not over charge. Adding 30% to all the items except the products that you must sell at a price set by the manufacture will ensure you don't price too high.
For the two items that prices are set by the manufacture you need to find the amount of profit that manufacturer are allowing you to make.

Finally, you will need to write a summary paragraph which needs to explain what you did and why you did it.

Answers

Answer:

Try This

Explanation:

Try to find the number of flexable priced products you may sell. for 30% to the profit, you must factor in the total available numbers, and evenly divide the percentage lost to the other products. take 30% of the price you pay for the two regulated products, add that number and you may then divide that amount equaly to the already 30% profit you have factored in with the other items.

a-  amount

B- price

p- necessary profit

c- profit per item

(Ba x.03) = p

p/(a-2)  = c

((2.00 x 4) .30) =

=8.00 x .3  

=2.4

4-2/ 2.4

2/ 2.4

1.2 = c

c should be how much you add to two items, and your done! you have a correct price set for your item that allow you to make 30% profit on all items excluding the two that must be kept at a standard price.

XYZ Corp owns a 3-year $10 million par floating rate bond. The coupons on the bond are 12-month LIBOR. XYZ would like to hedge against interest rates falling by entering into an interest rate swap with a $10 million notional that receives a fixed rate and pays a floating rate (12-month LIBOR). You are given the following prices for zero coupon bonds. Years to Maturity Zero-coupon Bond Price 1 0.99 2 0.97 3 0.93 Calculate the fixed rate XYZ Corp would receive on the swap.

Answers

Answer:

 2.45%

Explanation:

The computation of the fixed rate is shown below:

Years to maturity   Zero coupon  bond price  YTM      Forward rate

1                                 0.99                     1.01%  

2                                      0.97                             1.53%       2.06%

3                                      0.93                            2.45%     4.30%

The fixed rate should be equivalent to the YTM of the 3 year bond i.e. 2.45% the same is to be considered

You just acquired 1,000 from the lottery.
You decide to invest in stocks with it (like a smart person should). You figure on buying apple stock which costs $100 a share. How many shares would you own of apple if you bought $1,000 worth of apple stock at $100 a share.

Answers

If you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.

To determine the number of shares you would own of Apple stock if you bought $1,000 worth of stock at $100 per share, you need to divide the total investment amount by the price per share.

Number of shares = Total investment amount / Price per share

In this case, the total investment amount is $1,000 and the price per share is $100.

Number of shares = $1,000 / $100

= 10 shares

Therefore, if you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.

It's important to note that stock prices fluctuate, so the actual number of shares you would own may vary depending on the current market price at the time of purchase. Additionally, transaction fees and other costs associated with buying stocks should also be taken into consideration.

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6. Comparative advantage is when A. B. C. D.
A. one person can produce more of a good than another person.
B. one person can produce a good at a lower opportunity cost than another person.
C. Two parties can complete a task equally well.
D. one person can produce a good at a higher opportunity cost than another person.

Answers

B. one person can produce a good at a lower opportunity cost than another person.

Comparative advantage is a concept in economics that refers to the ability of a person, firm, or country to produce a good or service at a lower opportunity cost than another. Opportunity cost is the cost of forgoing an alternative opportunity in order to pursue a particular action. Hence, the correct option will be B: one person can produce a good at a lower opportunity cost than another person.

For example, let's say Person A can produce 10 units of product X or 5 units of product Y in one hour, while Person B can produce 8 units of product X or 4 units of product Y in one hour. Person A has an absolute advantage in producing both X and Y, as they can produce more of each product than Person B. However, Person B has a comparative advantage in producing product Y, as they can produce it at a lower opportunity cost than Person A, since they have to give up less of their production of product X to produce product Y.

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(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.

Answers

International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.

One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.

In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.

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