A worker's skills knowledge and experience are known as
what
Answer:
human capital
Explanation:
issues regarding potential threat from substitute products in a market are addressed in ________.
Issues regarding potential threats from substitute products in a market are addressed in competitive analysis or competitor analysis. Competitive analysis is a process that involves evaluating the competitive landscape and identifying factors that may impact a company's market position and performance.
Within competitive analysis, the examination of substitute products is an important aspect. Substitute products are goods or services that can fulfill similar customer needs or serve as alternatives to a company's offerings. They may come from different industries or sectors but can compete with the company's products by providing similar benefits or satisfying the same customer demands. Identifying and assessing substitute products is crucial for understanding the competitive dynamics of a market.
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which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? check all that apply. increasing taxes on income from savings providing tax breaks and patents for firms that pu
The policies consistent with the goal of increasing productivity and growth in developing countries are:
- providing tax breaks and patents for firms that innovate
Providing tax breaks and patents for firms that innovate encourages investment in research and development, which can lead to technological advancements and increased productivity. This policy promotes innovation-driven growth and incentivizes firms to invest in improving their processes, products, and services.
On the other hand, increasing taxes on income from savings can have a negative impact on productivity and growth. Higher taxes on savings reduce the incentive for individuals and businesses to save and invest, which can limit capital accumulation and hinder economic growth.
Therefore, out of the two options provided, only providing tax breaks and patents for firms that innovate is consistent with the goal of increasing productivity and growth in developing countries.
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Select the qualification that is best demonstrated in each example.
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Charlene is a Highway Maintenance Worker who stays on task while working by herself.
Floyd is a Repair Worker who lifts heavy objects.
Pedro is a Mechanical Door Repairer who explains a problem to a customer.
Answer:
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Explanation:
The qualification that is best demonstrated out of all the options would be that Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
Charlene's ability to stay on task has no direct correlation with being a highway worker.
Floyd's ability to lift heavy objects also has no direct correlation with being a repair worker.
Pedro's ability to explain a problem to a customer has no direct bearing on being a mechanical door repairer.
The only option with direct correlation is a stationary engineer's ability to figure out what is wrong with machinery for heating a building. A stationary engineer is also known as operating or power engineer.
Answer:
Ellen is a Stationary Engineer who figures out what is wrong with machinery for heating a building.
✔ problem-solving skills
Charlene is a Highway Maintenance Worker who stays on task while working by herself.
✔ independence
Floyd is a Repair Worker who lifts heavy objects.
✔ physical strength
Pedro is a Mechanical Door Repairer who explains a problem to a customer.
✔ communication skills
Explanation:
Hopes this helps you :)
with respect to the national saving and investment identity for any country, the quantity of _______________ at any given time by savings must ________________ for purposes of making investments.
With respect to the national saving and investment identity for any country, the quantity of foreign aid supplied at any given time by savings must be lower than the quantity of domestic aid demanded for purposes of making investments.
The foreign aid supplied can be referred to as export while the domestic aid demanded is referred to as the Import. Any nation which takes its economy very serious will always ensure that the Export is more than the Import.
This is to ensure that the nation is able to save and invest as a result of the high gross domestic product it possesses as a result of its sales of goods and services being more than its spending.
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Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories.
Cost of fiberglass (raw material) $ 85,000
Factory rent $ 59,000
Advertising $ 134,000
Utilities for factory $ 12,000
Wages of assembly workers $ 91,000
Production supervisor salary $ 44,000
Sales manager salary $ 42,000
Factory property taxes $ 15,000
Depreciation on production equipment $ 30,000
Cost of bindings (raw material) $ 34,000
Screws $ 1,200
Wages of snowboard painters $ 78,000
Wages for maintenance workers $ 37,000
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
a. Compute the direct material costs
Explanation:
a. Compute the direct material costs
To be eligible for Bright Futures, you must
submit a statement explaining how all money will be repaid
submit a plan of action for all courses throughout college
take at least three remedial credits in the first semester
take at least six non-remedial credits per semester
please only answer if you know what your talking about
and if your right i will give brainiest.
Answer:
B. Submit a plan of action for all courses throughout college.
Explanation:
I am also taking the FLVS course.
a penetration pricing strategy tends to be most effective:
A penetration pricing strategy tends to be most effective when:
With a penetration pricing strategy, a business initially sets a relatively low price for its good or service in an effort to increase market share and draw clients. This tactic tries to fast enter the market and lure clients away from rival businesses. In order to entice people to buy, the technique involves decreasing the price of new products. The price reduction is only momentary.
This tactic is employed by marketers to position a product as a cost-effective alternative. A business using a penetration pricing strategy invites competitors to enter the market and compete on price or other considerations by setting a low beginning price. Increased competition could arise from this, which would be beneficial for customers but could also lower firm's profit margins.
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Complete Question:
A penetration pricing strategy tends to be most effective when:
a. when there are goods in high demand.
b.tempts competitors to enter the market.
c.provides a large profit per unit sold
In macroeconomics, a _______________ describes the common way in which market values are measured in an economy.
Answer:
unit of account that is your answer
Brandon is a college freshman who dreams of managing a chain of national hotels. Which job would best help him achieve his goal?
(A)front desk clerk at a large company with hotels in every major city in the country
(B)regional manager at a small company with motels in three New England cities
(C)part-owner of a small company that owns five bed and breakfasts in the South
(D)tour guide at a large company with resorts in several international cities
Answer: The answer is b, hope it helps i also just took the test !
Explanation:
Regional manager at a small company with motels in three New England cities is job would best help him achieve his goal. As, Brandon is a college freshman who dreams of managing a chain of national hotels.
What is Regional manager?Regional managers are in charge of overseeing the work of other managers as well as controlling and organising business operations in a certain geographic area.
Plan and manage regional operational policies and strategies. To achieve organisational goals, delegate responsibility to other management.
Thus, option B is correct.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
variable costs are the costs that are incurred to build factories and assembly plants. are independent of the amount of output produced. stay fixed with the quantity of output produced. vary with the quantity of output produced.
Variable costs are the costs that are incurred to build factories and assembly plants vary with the quantity of output produced
An expense for the company that varies according to how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs rise or fall. They rise as production rises and fall as production declines.
But not all variable costs are related to direct expenses. For instance, variable overhead costs in manufacturing are variable expenses that are indirect costs rather than direct costs. Because they change depending on how many units are produced, variable costs are also known as unit-level costs.
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Suppose your income increases from $50,000 to $55,000, and your quantity demanded of a good increased from 2 to 4. What type of good must this be? A) Inferior good B) Normal good C) Necessity good D) Luxury good
The type of good in this situation must be a B) Normal good. This is because when income increases, the quantity demanded of a normal good also increases.
In this case, your income increased from $50,000 to $55,000, and your quantity demanded of the good increased from 2 to 4. This relationship between income and quantity demanded is a characteristic of a normal good.
Inferior goods, on the other hand, have a negative relationship between income and quantity demanded, meaning that as income increases, the quantity demanded of an inferior good decreases. Necessity goods and luxury goods are both types of normal goods, but necessity goods are needed for survival while luxury goods are not.
Therefore, the correct answer is B) Normal good.
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Imagine you want to be a fashion designer. Outline the steps you would need to take to pursue this career.
Answer:
take to pursue this career.
Explanation:
State whether each of the following statements is TRUE or FALSE. 1. Informal groups exist primarily to fulfil personal rather than organisational needs. 2. During the forming stage, the team develops its first real sense of cohesion as roles are established and a consensus forms around group objectives. 3. The knowledge function of attitudes enable individuals to indicate to others the values that they hold and thus to express their self-concept and adopt or internalise the values of a group. 4. Individual differences are the physical, personality, attitudinal, and emotional attributes that vary from one person to another. 5. Hackman and Oldham believed that critical psychological states determine the extent to which characteristics of the task enhance employee responses to that task. 6. Distress is a positive side of stress, which refers to the healthy, positive, constructive outcome. 7. In Organisational Development, team-building involves gathering, analysing and summarising data, and returning them to employees and groups for discussion and to identify and solve problems. 8. The field of organisational behaviour applies mainly to Seople who hold management
The statements are as follows : 1. True2. False3. True4. True5. True6. False7. True8. False. Some of these statements are: Informal groups exist primarily to fulfil personal rather than organisational needs is true.
1. True - Informal groups exist primarily to fulfil personal rather than organisational needs.
2. False - During the forming stage, the team is relatively undefined, and there is often little agreement on the team's objectives, although some members may have strong preferences.
3. True - The knowledge function of attitudes enables individuals to indicate to others the values that they hold and thus to express their self-concept and adopt or internalize the values of a group.
4. True - Individual differences are the physical, personality, attitudinal, and emotional attributes that vary from one person to another.
5. True - Hackman and Oldham believed that critical psychological states determine the extent to which characteristics of the task enhance employee responses to that task.
6. False - Eustress refers to the healthy, positive, constructive outcome. Distress is a negative side of stress.
7. True - In Organisational Development, team-building involves gathering, analysing and summarising data, and returning them to employees and groups for discussion and to identify and solve problems.
8. False - The field of organisational behaviour applies to all people who are involved in organizations, whether or not they are managers.
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Which term describes the value of what you give up when you choose
between two options?
A. Equity
B. Value cost
C. Down payment
D. Opportunity cost
Answer:
D.
Explanation:
Your answer is D cause “Opportunity cost is the value of the next-best alternative when a decision is made" so it is what was given up therefor The term that describes the value of what you give up when you choose between two options is D. Opportunity cost. Hope it helps you!
-Hope you have a great day ahead
How would a two percent rise in interest rates most likely affect new housing?
A two percent rise in interest rates would most likely affect new housing by making the price of the houses fall in the long run.
As the interest rate of possessing a mortgage rises, many individuals would not afford a house with a mortgage.
Subsequently, as people are shying away from possessing mortgages with high-interest rates, home investors and sellers need to reduce their house prices to attract buyers.
Hence, in this case, it is concluded that a two percent rise in interest rates would most likely affect new housing by making the price of the houses reduce in the long run.
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intellectual property rights (ipr) cover which of the following? a. systems b. trademarks c. ideas d. methods
Intellectual property rights (IPR) cover patents, trademarks, copyrights, and trade secrets. These rights are designed to provide creators with legal protections that prevent others from using or stealing their intellectual property without permission or compensation. The correct answer is option b.
Four major categories of intellectual property (IP) are distinguished in this context, each of which has a distinct collection of IPRs:
1. Patents: These are awarded to innovators who develop novel and inventive methods, items, or devices. With the use of a patent, an inventor is given the only authority to bar others from making, offering for sale, or making use of their creation. Methods, systems, and machinery are covered under patents.
2. Brand names: A trademark is a designation that identifies a good or service and sets it apart from those of rivals. By forbidding others from using the same mark or one that could confuse customers, it offers brand protection. Signs, logos, and names are all covered by trademarks.
3. Copyrights: These safeguard original literary, musical, and other creative works and the arts. For a set amount of time, they grant artists the sole right to reproduce, distribute, perform, or exhibit their works. Creativity is protected by copyrights.
4. Business secrets They are proprietary and confidential knowledge that gives a business an edge over rivals. Formulas, procedures, or designs might all be considered trade secrets. Non-disclosure agreements (NDAs) and confidentiality provisions in employment contracts serve to safeguard the information. Private data is covered by trade secrets.
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Liquidity of a monetary asset means:
Group of answer choices
Ready acceptability of monetary asset.
Easy availability of money
The monetary asset has lost it value
Velocity of circulation of money
Liquidity of a monetary asset means its ready acceptability and easy availability of money.Liquidity of a monetary asset refers to how easily it can be converted into cash without any loss of value.
A highly liquid asset is one that can be easily sold or exchanged for cash without incurring significant transaction costs or suffering any loss of value. The liquidity of a monetary asset is critical since it determines how easy it is to buy or sell the asset, and it can significantly affect its market value. Generally, the more liquid an asset is, the more valuable it is considered to be.Investment managers pay close attention to liquidity since it influences the degree of risk that investors are exposed to. Highly liquid assets are considered to be less risky than illiquid ones since they can be sold or exchanged more quickly and easily.Liquidity is a measure of how easily assets can be converted into cash. It is a significant factor in determining the value of an asset. Hence, liquidity of a monetary asset means its ready acceptability and easy availability of money.
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Crane Company purchased a depreciable asset for $563000. The estimated salvage value is $26000, and the estimated useful life is 10000 hours. Carson used the asset for 1100 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year
The depreciation expense on this asset for the current year is $59,070.
To calculate the depreciation expense using the activity method, we need to determine the depreciation rate per hour first.
Total depreciable cost = Cost of asset - Estimated salvage value
Total depreciable cost = $563,000 - $26,000 = $537,000
Depreciation rate per hour = Total depreciable cost / Estimated total hours of use
Depreciation rate per hour = $537,000 / 10,000 hours = $53.70 per hour
Now, we can calculate the depreciation expense for the current year:
Depreciation expense = Depreciation rate per hour x Actual hours of use
Depreciation expense = $53.70 per hour x 1,100 hours = $59,070
Therefore, the depreciation expense on this asset for the current year is $59,070.
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The chart below shows an exchange rate table.
A 2-column table has 6 rows. The first column is labeled Currency with entries Bulgarian lev, Canadian dollar, Swiss franc, British pound, Japanese yen, and U S Dollar. The second column is labeled Exchange rate on April 3, 2013 (euro = 1) with entries 1.96, 1.301, 1.2149, 0.8482, 119.4065, 1.2839.
In this table, the reference currency is the
US dollar.
Swiss franc.
Japanese yen.
euro.
Answer:
the answer is (d) euro. might be wrong tho i dont know
sry...
In the table given below, based on the other currency rates, the reference currency is the Euro.
Reference Currency This is the currency that the other currencies are being compared to. Takes the value of 1.In the table above, the Euro takes the value of 1 and the other currencies are compared to it. This means that it is the reference currency. The reference currency can be used to calculate the exchange rate between the other currencies.
In conclusion, option D is correct.
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All of the following are commonly used organizational buying criteria EXCEPT:a.past performance on previous purchases.b.price and other financing assistance.c.the number and distribution of retail outlets likely to carry the product.d.the technical expertise of the salespeople.e.the ability to meet delivery dates
The number and distribution of retail outlets likely to carry the product is not a commonly used organizational buying criterion, as it is more relevant to retail buying decisions.
Organizational behavior is the study of how individuals and groups interact within organizations. It encompasses various fields such as psychology, sociology, economics, and management. Organizational behavior researchers aim to understand how organizational structures, culture, and leadership affect employee behavior, motivation, and performance. They also explore topics such as communication, decision-making, teamwork, and conflict resolution. The insights gained from studying organizational behavior can help organizations improve productivity, employee satisfaction, and overall success. Effective organizational behavior practices can result in better teamwork, employee engagement, and lower turnover rates. Additionally, a positive organizational culture that values diversity interest rates and inclusivity can lead to increased innovation and creativity. Therefore, understanding and implementing principles of organizational behavior is essential for building successful and sustainable organizations.
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ou have a $350 public relations budget for the current year. You would like to generate publicity by publishing several ads in the local township newspaper about your store's sponsorship of community activities. The newspaper normally charges $100 per ad but will give you a 30% discount since your message is community service oriented. How many ads can you buy?
You can purchase five advertisements.
What is the calculation?For this case, the first thing we are going to do is define the following variable:
x = number of ads.
We then have the following mathematical expression that models the problem:
(100) * (1-0.3) * (x) = 375
Where,
100: Charges for each advertisement.
(1-0.3): 30% discount per ad
x: number of ads
375: Budget available.
Clearing x we have:
x = (375) / ((100) * (1-0.3))
x = 5.357142857
Nearest whole number:
x = 5
Answer:
You can buy:
x = 5 ads.
Hence, five ads can be bought.
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Quary Company is considering an investment in machinery with the following information. The company’s required rate of return is 12%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Initial investment $ 360,000 Materials, labor, and overhead (except depreciation) $ 65,000
Useful life 7 years Depreciation—Machinery 36,000
Salvage value $ 36,000 Selling, general, and administrative expenses 25,000
Expected sales per year 12,000 units Selling price per unit $ 15
a. Compute the investment’s net present value.
b. Using the answer from part a, is the investment’s internal rate of return higher or lower than 12%?
Required A
Compute the investment’s net present value. (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar.)
Net Cash Flows x Present Value = Present Value of Net Cash Flows
Years 1-7 = Year 7 salvage = Totals
The net present value (NPV) of the investment in machinery for Quary Company is -$186,345, indicates that present value of expected cash inflows is lower than the initial investment and other cash outflows.
To compute the investment's net present value (NPV), we need to calculate the present value of net cash flows for each year, including the salvage value at the end. The net cash flows are the cash inflows minus the cash outflows for each year.
Here's the calculation:
Year 1:
Net Cash Flow = Expected Sales * Selling Price - Materials, Labor, Overhead, and Selling, General, and Administrative Expenses - Depreciation
= 12,000 * $15 - $65,000 - $25,000 - $36,000
= $72,000
Present Value Factor (PVF) for Year 1 (at 12% for 7 years) = 0.6139
Present Value of Net Cash Flow in Year 1 = Net Cash Flow * PVF
= $72,000 * 0.6139
= $44,268
Years 2-6:
Net Cash Flow = Expected Sales * Selling Price - Materials, Labor, Overhead, and Selling, General, and Administrative Expenses - Depreciation
= 12,000 * $15 - $65,000 - $25,000
= $34,000
PVF for Years 2-6 (at 12% for 6 years) = 3.4651
Present Value of Net Cash Flow in Years 2-6 = Net Cash Flow * PVF
= $34,000 * 3.4651
= $117,786
Year 7:
Net Cash Flow = Expected Sales * Selling Price - Materials, Labor, Overhead, and Selling, General, and Administrative Expenses + Salvage Value - Depreciation
= 12,000 * $15 - $65,000 - $25,000 + $36,000 - $36,000
= $13,000
PVF for Year 7 (at 12% for 1 year) = 0.8929
Present Value of Net Cash Flow in Year 7 = Net Cash Flow * PVF
= $13,000 * 0.8929
= $11,601
Net Present Value = Present Value of Net Cash Flows - Initial Investment
= ($44,268 + $117,786 + $11,601) - $360,000
= -$186,345
The investment's net present value is -$186,345.
b. To determine if the investment's internal rate of return (IRR) is higher or lower than 12%, we can compare the NPV to zero. In this case, since the NPV is negative (-$186,345), the investment's IRR is lower than 12%.
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If sales are $102,000, fixed expenses are $30,000, and variable expenses are $48,000, then the contribution margin must be?
The contribution margin is $54,000
Sales= $102,000
Fixed expenses= $30,000
Variable expenses= $48,000
Contribution margin= Revenue- variable cost
= 102,000 - 48,000
= 54,000
Hence the contribution margin is $54,000
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two benefits of good customer service
Question 10 of 10
What is an advantage of doing more than the minimum required to comply
with EEOC laws and regulations?
The advantage of doing more than the minimum required to comply with EEOC laws and regulations is that, most employers with at least 15 employees are covered by EEOC laws.
The U.S. Equal Employment Opportunity Commission (EEOC) is responsible in order to enforce the federal laws which make it illegal for employers to discriminate an employee because of their color, race, religion, sex, national origin, age etc.
So, the EEOC's investigation of one's complaint depends on the facts of the case, and the kinds of information one needs in order to gather. In some cases, employers are interviewed and then the information is gathered.
Hence, the EEOC advances opportunity in the workplace.
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what is the best tool for making a decorative zucchini or celery twist?
The best tool for making a decorative zucchini or celery twist is a vegetable peeler or a mandoline slicer.
These tools allow you to create thin, even slices of vegetables that can be easily twisted into decorative shapes.
To make a decorative zucchini or celery twist, follow these steps:
Start by selecting a fresh zucchini or celery stalk. Wash and dry it thoroughly.
If using a vegetable peeler, hold the zucchini or celery firmly and run the peeler along the length of the vegetable to create long, thin slices. Rotate the vegetable as you peel to ensure even slices.
If using a mandoline slicer, adjust the blade to the desired thickness and carefully slide the zucchini or celery across the slicer to create uniform slices.
Once you have the slices, take one slice and gently twist it into a spiral or helix shape. You can twist it tightly for a compact shape or loosely for a more open design. Repeat the process with additional slices.
If using zucchini, you can blanch the slices in boiling water for a few seconds to soften them slightly and make them more pliable for twisting.
Use the decorative twists to garnish salads, vegetable platters, or main dishes. They can add an elegant touch to your presentation and enhance the visual appeal of your dishes.
Remember to handle the vegetable peeler or mandoline slicer with care to avoid any accidents or injuries. Always follow the manufacturer's instructions and exercise caution when using sharp kitchen tools.
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Assignment Question • Social • Innovative • Adoptive • Fabian • Drone Choose ANYONE (1) type of entrepreneur from the list above, and prepare an individual report based on the following requirements: 1. Trace the origins of the selected entrepreneur from at least FIVE (5) sources. You need to substantiate your definitions of the selected entrepreneur with relevant books and/or journals. 2. Name one entrepreneur from Asia Pacific Countries (excluding United State of America) who represents the selected type of entrepreneur. You can either request for an interview or do information search about this person to get to know him/her better. 3. Explore during the interview/ information search: a. the background of the entrepreneur, b. the source of idea for the existence of the enterprise, c. the nature of the opportunity/opportunities that the enterprise exploited, d. the resources the entrepreneur used to start and then grow the business, and e. the challenges faced along the way. 4. Evaluate the business strategy approach undertaken by the selected entrepreneur.
Sanjay Chakrabarty is a successful social entrepreneur who used an innovative approach to address social problems. He was able to create an organization that provides rehabilitation services to the victims of human trafficking and raises awareness about the issue.
Entrepreneurship is the process of creating, designing, launching, and managing a new business venture. One of the famous entrepreneur types is Social Entrepreneur who uses innovative solutions to address social problems.
In this report, I will discuss the social entrepreneur who chose to work in an innovative manner to solve social issues.1. Origin of Social Entrepreneur
There is no specific definition of a social entrepreneur.
However, various experts tried to define social entrepreneurship in their own ways. David Bornstein (2004) defined a social entrepreneur as "an individual who has an innovative solution to a social problem." While Ashoka, the oldest organization of social entrepreneurs, defines social entrepreneurs as “individuals with innovative solutions to society’s most pressing social problems.
”Similarly, another expert Gregory Dees (2001) defines social entrepreneurship as "the process of identifying, evaluating, exploiting, and/or creating an opportunity that is used to bring about social change." In conclusion, social entrepreneurs use innovative approaches to address social problems with a business mindset.2. An entrepreneur from the Asia Pacific Countries who represents Social Entrepreneurship Sanjay Chakrabarty is a social entrepreneur from India. Sanjay Chakrabarty is the founder of Kolkata-based NGO "Sanlaap."
Sanlaap is an organization that fights against human trafficking in India.3. Interview of Sanjay Chakrabarty Background of the entrepreneur: Sanjay Chakrabarty was born and raised in Kolkata, India. He completed his Master's degree in Law and started working as a lawyer.
After working for several years, he started "Sanlaap" to help women and children who are victims of human trafficking in India. Source of idea for the existence of the enterprise: Sanjay Chakrabarty was inspired to work on this issue when he learned about the horrors of human trafficking in India. He felt that it was his responsibility to help these women and children, and he started working on this issue.
Nature of the opportunity/opportunities that the enterprise exploited: Sanlaap provides rehabilitation services to the victims of human trafficking. They provide shelter, medical care, and vocational training to help them get back on their feet. Sanlaap also works on prevention by raising awareness about human trafficking in India. Resources the entrepreneur used to start and then grow the business: Sanjay Chakrabarty used his own savings to start Sanlaap. He also received some donations from friends and family members.
As the organization grew, he received donations from various organizations and individuals. Challenges faced along the way: Sanjay Chakrabarty faced several challenges while running Sanlaap.
One of the biggest challenges was to find a sustainable source of funding. Sanlaap relies on donations, and it is challenging to get donations consistently.4. Business Strategy approach undertaken by Sanjay Chakrabarty Sanjay Chakrabarty used a multi-pronged approach to tackle the issue of human trafficking. He provided rehabilitation services to the victims, raised awareness about the issue, and worked with the government to create policies that would help prevent human trafficking. Sanlaap has been successful in rehabilitating many victims of human trafficking and raising awareness about the issue.
In conclusion, Sanjay Chakrabarty is a successful social entrepreneur who used an innovative approach to address social problems. He was able to create an organization that provides rehabilitation services to the victims of human trafficking and raises awareness about the issue.
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In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel its coffee tastes better than its competitors'. There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license. Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
How many firms? One, Many or Few
Type of product? Unique, Anything, Standardized, or Differentiated
Market Value? Perfect competition, oligopoly, monopolistic competition or monopoly
Answer:
In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel its coffee tastes better than its competitors'. - Differentiated product. Monopolistic competition.
The product is differentiated because it is not a perfect substitute for its competitors, since it is seen as being of higher quality than the rest.
The market structure is monopolistic competition because while there are many firms in the market, they do not sell prefect substitutes, and as a result, the market is sensitive to the rise of one of the companies.
There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who has passed inspections can acquire and maintain their license. - Standardized. Perfect Competition.
The pasta producers sell a product that is a perfect substitute, that is why restaurant buy whichever pasta is the cheapest.
The market value is reached in Perfect Competition because there are many firms in the market, the products are perfect substitutes, and few if any barriers to entry and exit.
Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. - Standarized. Oligpology.
The product is standarized because it essentially has the same qualities, and consumers view all airlines as providing basically the same service.
The market structure is oligopoly because the market only has three firms, and no new firms can enter the market (barriers to entry).
The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug. - Unique. Monopoly.
The product is an unique type of drug, that is why it was granted a patent.
The market structure is a monopoly because only one firm sells a product that does not have any substitutes.
Coffee shop chain - Many businesses cater to the market's wants and needs. This is a distinctive item because customers believe it tastes much better than competing brands.
There is a monopolistic competition going on here.
The white stockings company is one of many that produce the same product. Because each business generates the same homogeneous result, it is a standardized product.
Taxi businesses - There are just a few, if not two, taxi services on the market. Their product is anything that is homogeneous and that the clients do not distinguish.
Patented medicine - the market is monopolized since only one company operates in it. In the marketplace, there is just one seller.
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