A major drawback of price competition is that competitors can also lower their prices.
Since competitors can change prices, price competition has a number of significant disadvantages. A price war might start if they swiftly equal or surpass a company's price reductions. In a price war, two or more businesses engage in fierce price competition, frequently in an effort to increase market share.
A lower market price for the product is the result of increased seller competition. The price would be reduced if there were multiple makers instead of just one for the same well-liked item since the producer would be aware that the consumer could get the toy elsewhere.
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Vinita wants to buy raw materials from Vinita for her biscuit factory. She wants that Vamila should take payment after three months. As per the prevailing practice in this industry she can make payments within six months. Name and explain the source of finance which Vinita wants to use. Also explain two other sources of finance she can have for availing this facility
Vinita wants to use trade credit as the source of finance for purchasing raw materials from Vamila for her biscuit factory. Trade credit refers to the practice of allowing a buyer to delay payment for goods or services received.
What are the possible sources of finance for Vinita to avail the payment facility?Apart from trade credit, Vinita can explore other sources of finance to avail the payment facility. One option is to obtain a short-term bank loan specifically for covering the cost of raw materials. This loan can be repaid within the three-month period, aligning with Vinita's requirement.
Another source of finance could be using her own personal funds or savings to make the payment upfront to Vamila thereby eliminating the need for trade credit or external financing.
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Which of the following scenarios would lead to improved productivity for a farmer who is growing corn?
A the farmer adds workers but still produces the same amount of corn
B the farmer buys a radio for his tractor so that he can enjoy music while working
C the farmer builds an irrigation system which increases the output and his profits
D the farmer sells his corn for a lower price in order to out-sell his competitors
Answer:
im pretty sure the answer is d but im not sure
When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a way to predict which candidate will perform the job well.A) age and gender B) past job performanceC) relevant certificationD) personality traits
(D) Personality traits are often listed in job specifications for sales roles as they can be good indicators of how well an individual will perform in a customer-facing role.
Traits such as assertiveness, empathy, and extroversion are often sought after in sales roles, as they can help an individual to build relationships with customers, close deals, and handle objections effectively.
While past job performance and relevant certifications can also be important factors, personality traits are often given greater emphasis in the selection process for sales roles.
When a sales job is being filled by an untrained individual, the job specifications list will most likely include personality traits as a way to predict which candidate will perform the job well.
Personality traits are often considered important in sales roles because they can help determine a candidate's ability to connect with customers, communicate effectively, and handle potential challenges in the sales process.
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If the marginal propensity to consume is 0.80, the value of the spending multiplier will be 4. T/f
The statement given "If the marginal propensity to consume is 0.80, the value of the spending multiplier will be 4." is false because the value of the spending multiplier is determined by the marginal propensity to consume (MPC), which represents the fraction of additional income that individuals choose to spend.
The spending multiplier is calculated as the reciprocal of (1 minus MPC). In this case, if the MPC is 0.80, the value of the spending multiplier would be 1 / (1 - 0.80) = 1 / 0.20 = 5. Therefore, if the MPC is 0.80, the value of the spending multiplier would be 5, not 4. The spending multiplier indicates the total change in aggregate demand resulting from an initial change in spending. A higher MPC leads to a larger spending multiplier, indicating a greater impact on overall economic activity.
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Why don’t more companies create disruptive innovations? more than one answer may be correct.
Disruptive innovations are not initially profitable enough and because their development could divert limited resources from sustaining innovations.
Why do good companies often fail to address disruptive innovations?Market leaders' business environments prevent them from pursuing disruptive innovations when they first appear because they are not initially profitable enough and because their development could divert limited resources from sustaining innovationsDisruptive innovation frequently has lower margins since it is more accessible and straightforward.Such breakthroughs cannot be pursued by large firms given their business strategies.For the current business, they have a sizable and well-established cost structure, but the meager profit doesn't correspond. Adopting disruptive innovation is also hindered by a lack of strategy level orientation, inadequate resource allocation, and a focus on maintaining existing strengths.Cost, accessibility, time, and talent are some of these obstacles.Let's quickly go over each one and how more recent inventions have taken use of them to open up new doors.When a product or service is excessively expensive, "cost" is a typical barrier that reduces its market potential.To learn more about Disruptive innovations refer
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A house is being appraised using the sales comparison approach. The house has three bedrooms, two bathrooms, and a patio. The appraiser selects a comparable house that has three bedrooms, 3 bathrooms, and no patio. The comparable house just sold for $200,000. A bath is valued at $7,000, and a patio at $2,000. Assuming all else is equal, what is the adjusted value of the comparable
Answer:
$195,000
Explanation:
Calculation for the adjusted value of the comparable
Using this formula
Adjusted value=( Sales of comparable house-Bath value +Patio cost)
Let plug in the formula
Adjusted value=$200,000-$7,000+$2,000
Adjusted value =$195,000
Therefore the adjusted value of the comparable assuming all else is equal would be $195,000
if the firm's fixed cost of production is $3, and the market price is $10, how many units will the firm produce? group of answer choices 3 units 1 unit 4 units 2 units
To determine the number of units that the firm will produce, we need to use the concept of breakeven point.
The breakeven point is the point at which the firm's total cost of production is equal to its total revenue. In this case, the firm's fixed cost of production is $3 and the market price is $10.
To calculate the breakeven point, we need to divide the fixed cost by the difference between the market price and the variable cost (i.e. the cost of producing one unit). We don't have information on the variable cost, so we cannot calculate the exact breakeven point.
However, we can make an estimate based on the fact that the market price is significantly higher than the fixed cost of production. This suggests that the variable cost is likely to be relatively low, which in turn means that the breakeven point is likely to be relatively low as well.
Given this, we can make an educated guess that the firm will produce at least 2 units, and possibly more. It is unlikely that the firm will produce only 1 unit, as this would not be profitable.
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In your own words, how do you apply for scholarships
deciding on the global marketing program is the step of the global marketing process. question content area bottom part 1 a. first b. fifth c. fourth d. third e. second
Deciding on the global marketing program is the fifth step of the global marketing process.
What is global marketing?Generally, A global marketing strategy (GMS) is a plan that spans nations from many different areas of the globe and strives to coordinate the marketing activities of a corporation in the marketplaces of these countries. This strategy may also be abbreviated as "GMS."
A GMS should not apply to every single country in the world, but it should be applicable in a number of different areas.
In order to achieve global goals, "global marketing" is described as "marketing on a worldwide scale that takes into account global operational differences, similarities, and possibilities."
Domestic, export, international, multinational, and global marketing are the five phases that make up the development of global marketing. These stages are distinguished from one another by the managerial orientations that they emphasize throughout their respective stages.
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Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. What is this biologiacal strategy called
Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. This biological strategy is called energy coupling.
Energy coupling refers to the process where the energy released from an exergonic reaction is used to initiate an endergonic reaction. In living systems, energy is often stored and transferred in the form of ATP, a high-energy molecule. ATP can be hydrolyzed to release energy, and that energy can be coupled to other reactions that require energy. By combining energy-releasing reactions with energy-consuming reactions, living organisms can manage and use energy efficiently.
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-Colin is the managerial accountant in charge of Company A, which sells water bottles. He previously
determined that the fixed costs of Company A consist of property taxes, a lease, and executive salaries, which add up to $100,000. The variable cost associated with producing one water bottle is
$2 per unit. The water bottle is sold at a premium price of $12. To determine the break even point of Company A's premium water bottle.
-Woodturn Ltd. makes a television table that sells for $50 per unit. It has variable costs of $30 per unit and incurs fixed costs of $100,000 per period. Determine the break even point.
-The Sherston Brick Company manufactures a standard stone block for the building industry. The production capacity for the year is 100,000 standard blocks. The selling price per block is $1.60, variable costs are $0.60 per brick and fixed costs are $60,000 per year. Determine the break even
point)
Answer:
10,000 water bottles 5,000 television tables 60,000 stone blocksExplanation:
Breakeven point = Fixed Cost /(Selling price - Variable expenses)
1. Breakeven = 100,000 / (12 - 2)
= 100,000 / 10
= 10,000 water bottles
2. Breakeven = 100,000 / (50 - 30)
= 100,000 / 20
= 5,000 television tables
3. Breakeven = 60,000 / (1.60 - 0.6)
= 60,000 / 1
= 60,000 stone blocks
The break even points are 10,000 water bottles, 5,000 television tables and 60,000 stone blocks
The calculation is as follows:
Breakeven point = Fixed Cost ÷(Selling price - Variable expenses)
1. Breakeven = 100,000 ÷ (12 - 2)
= 100,000 ÷ 10
= 10,000 water bottles
2. Breakeven = 100,000 ÷ (50 - 30)
= 100,000 ÷ 20
= 5,000 television tables
3. Breakeven = 60,000 ÷ (1.60 - 0.6)
= 60,000 ÷ 1
= 60,000 stone blocks
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.4 Part 3 of 3 3 points eBook Print References a. Purchased $100,300 of raw materials on credit. B. Materials requisitions show the following materials used for the month. Job 201 $ 48,500 Job 202 23,9
The company purchased $100,300 of raw materials on credit. The materials requisitions for the month show that $48,500 of materials were used for Job 201 and $23,900 of materials were used for Job 202. These figures represent the cost of materials consumed in the production process for each respective job.
The company's purchase of $100,300 of raw materials on credit indicates that the company acquired materials during the month but did not pay for them immediately. This purchase serves as an increase in the company's inventory of raw materials.
The materials requisitions provide information on the specific materials used for each job during the month. Job 201 used $48,500 worth of materials, while Job 202 used $23,900 worth of materials.
These figures represent the cost of materials consumed in the production process for each job. The materials requisition serves as a record of the materials taken from inventory and used in the manufacturing process.
Together, these transactions and records help track the flow of materials and their associated costs within the company's production activities.
They provide valuable information for cost accounting purposes and help in monitoring and controlling the company's inventory and production costs.
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How do I quit my job as cashier already wrote resignation letter
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
What does the prefix re mean in the word reunited?
a.
both
c.
always
b.
again
d.
none of the above
Answer:
b. Again
Explanation:
Answer:
b.
again
Explanation:
Both reunion and reunite come from the Latin root unus, or "one," and the "again" prefix re-, so reunite means "make as one again."
Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.
According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.
Consumers do not always buy good at a lower price than at a higher price.
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.
Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answer:
What????..............
which of the following would shift the labor supply curve? demand increases for the output produced by workers. the government increases its provision of childcare services. technological advancement increases worker productivity. there is more effective management at companies.
The shift in the labor supply curve comes when D. The government increases its provision of childcare services.
What is a labor supply curve?The labor supply curve illustrates the number of hours that workers would be willing to put in at various pay rates. In general, employees will be willing to work greater hours the better their pay is. The labor supply curve moves to the right as the labor supply grows. It will move to the left if it declines.
There are various factors that cause the labor supply curve to shift left or right:
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he idea of charging two different groups of consumers two different prices is practiced in: multiple choice two-part pricing. price matching. commodity bundling.
Pricing strategy plays a crucial role in marketing and sales of any product or service. Two-part pricing, also known as multi-part pricing, is a pricing strategy that involves charging two different prices to two different groups of consumers for the same product or service. The idea of two-part pricing is commonly practiced in various industries and can be an effective way of increasing revenue and profits.
Two-part pricing is commonly used in industries such as entertainment, healthcare, transportation, and hospitality. For example, amusement parks often charge a lower admission fee to children and senior citizens than to adults. Similarly, healthcare providers may offer discounted rates for routine checkups to their regular patients.
The concept of two-part pricing involves separating the fixed costs of producing the product or service from the variable costs associated with providing it to the consumer. The fixed costs are recovered through the first part of the pricing strategy, while the variable costs are covered through the second part.
Two-part pricing can be an effective way to attract more customers and generate more revenue. However, it may also result in consumer backlash and negative publicity if not executed correctly. Therefore, businesses should carefully consider their target audience and the value they offer to each group before implementing two-part pricing.
In conclusion, two-part pricing is a pricing strategy that involves charging two different prices to two different groups of consumers for the same product or service. It is commonly used in various industries and can be an effective way of increasing revenue and profits. However, businesses should consider their target audience and the value they offer to each group before implementing two-part pricing.
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a cost that was incurred in the past and cannot be changed regardless of which future action is taken is a(n) .
A cost that was incurred in the past and cannot be changed regardless of which future action is taken is a(n) sunk cost. A sunk cost is a cost that has already been incurred and cannot be recovered, regardless of any future action taken.
This means that a sunk cost should not be considered when making decisions about future investments, as it has already been paid.
For example, if a business purchased a piece of equipment for $1000 and that equipment is no longer useful for the business, the $1000 cost is considered a sunk cost and should not be taken into account when making future decisions about purchasing new equipment.
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Attending an impromptu sales meeting at the office is an example of a _____. a. two minute action task b. time sensitive task c. locationally sensitive task d. multi-task job please select the best answer from the choices provided a b c d
Attending an impromptu sales meeting at the office is an example of a locationally sensitive task. Thus, option c is the answer.
In an office, various kinds of work are carried on, and each work is given a name and designation of its own.
A two-minute action refers to those actions which are done with the motive of doing away with procrastination. It involves the aim to achieve the target goal and small tasks as soon as possible. This punctuality can help in returning long-term benefits in an office.
Time-sensitive task refers to those tasks which have a strict deadline and needs to be completed within the stipulated time specified by the client. It involves work that is only available for a short period of time.
Multitasking jobs refer to those jobs which require an easy to and fro movement between different tasks. This requires people who can do numerous works at a single time.
Locationally sensitive task refers to those tasks which take place in a particular location or room within or outside the office.
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T/F: As asserted in "It's A Flat World, After All," if Wal-Mart were a country, it would be China's eighth-largest trading partner.
The given statement "As asserted in "It's A Flat World, After All," if Wal-Mart were country, it would be China's eighth-largest trading partner" is True. Because Wal-Mart imports vast amount of products from China to sell in stores and sources 70% of its merchandise from China
This partnership between Wal-Mart and China has had a significant impact on the global economy. On the one hand, Wal-Mart's demand for low-cost goods has helped to stimulate China's manufacturing sector, providing jobs and income for millions of Chinese workers. On the other hand, Wal-Mart's business practices have been criticized for exploiting workers in China and contributing to the widening income gap between rich and poor.
Overall, the relationship between Wal-Mart and China highlights the complex interplay between globalization, trade, and economic development. While the two have benefited from their partnership, there are also significant social and environmental costs that must be considered. As the world becomes increasingly interconnected, it is important to strike a balance between economic growth and social responsibility.
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In what three ways does the government affect production of goods and services in the US economy?
what is decision necessary? what is the process of decision making?
Answer:
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
in which stage of the product life cycle do marginal competitors get eliminated from the market?
a. later stages of introduction
b. midway through maturity stage
c. early stages of growth
d. early stages of maturity
e. early stages of introduction
Marginal competitors usually get eliminated from the market in the early stages of maturity. The correct option is D.
During this stage, the competition becomes more intense and the market becomes saturated with similar products. Companies with weak market positions and limited resources struggle to keep up with the competition and often get pushed out of the market.
In the early stages of maturity, market demand for the product begins to stabilize, which leads to a decline in prices and an increase in competition. Established companies with strong market positions are able to adapt to the changing market conditions, but marginal competitors struggle to keep up. As a result, they may decide to exit the market or be forced out due to financial constraints.
It's worth noting that some marginal competitors may also get eliminated in the early stages of introduction, particularly if they are unable to establish a foothold in the market due to a lack of resources or a failure to differentiate their product from existing offerings.
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A manager is using the organization’s erp software to generate a report that links its human resources data to its overall financial performance. What is one type of hr data that the erp accounting module could factor into this report?.
The one type of hr data that the ERP accounting module could factor into this report is The employee's payroll and benefits.
What is an report?A Report refers as a document or statement that highlights the key issues or events of any organization and helps them to know the internal and external factors causing an effect on them.
It can be used by internal and external stakeholders to assess employee productivity, health, diversity, and inclusiveness. It also helps to get more information on workforce planning.
It helps to make better-informed decisions regarding boosting employee health and corporate performance is made possible.
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(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?
Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.
Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.
T-bills are financial instruments initially sold by ________ to raise funds.
A chartered banks
B the federal government
C state and local governments
D agencies of the federal government
E b and d
T-bills, or Treasury bills, are financial instruments initially sold by the federal government to raise funds.
The correct answer is option B: the federal government. T-bills are short-term debt securities issued by the U.S. Department of the Treasury to finance the federal government's borrowing needs. They are considered to be one of the safest investments because they are backed by the U.S. government's creditworthiness. T-bills are typically sold at a discount to their face value and do not pay periodic interest like other types of bonds. Instead, investors earn a return by buying T-bills at a discount and receiving the full face value when the T-bills mature. T-bills are widely used by investors and institutions as a low-risk investment and a tool for short-term cash management.
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