Are the pros and cons the same for small firms as they are for large once? Are they the same for service firms and manufacturers? Explain your answers
Answers
The pros and cons of small firms compared to large firms, as well as service firms compared to manufacturers, can differ due to various factors. Here's an explanation of the differences:
Pros and Cons of Small Firms:
1. Pros of Small Firms:
- Agility and Flexibility: Small firms can respond quickly to market changes, adapt their strategies, and make decisions without bureaucratic processes.
- Personalized Customer Service: Small firms can provide personalized attention and build strong relationships with customers.
- Entrepreneurial Spirit: Small firms often have a strong entrepreneurial culture, promoting innovation and creativity.
- Cost Efficiency: Small firms typically have lower overhead costs and can be more cost-effective in certain areas.
2. Cons of Small Firms:
- Limited Resources: Small firms may face constraints in terms of financial resources, human capital, and infrastructure.
- Market Presence: Establishing a strong market presence and brand recognition can be more challenging for small firms.
- Limited Specialization: Small firms may have limitations in offering a wide range of products or services compared to larger competitors.
- Vulnerability to Economic Changes: Small firms can be more vulnerable to economic fluctuations and market uncertainties.
Pros and Cons of Service Firms:
1. Pros of Service Firms:
- Customization: Service firms can tailor their offerings to individual customer needs and provide personalized experiences.
- Relationship Building: Service firms have opportunities to build long-term relationships with clients, leading to customer loyalty.
- Service Quality: Service firms can differentiate themselves based on the quality and expertise they provide.
2. Cons of Service Firms:
- Intangibility: Services are intangible and cannot be held or evaluated before purchase, which may create uncertainty for customers.
- Reliance on Human Resources: Service firms heavily rely on skilled employees, making it crucial to attract and retain talent.
- Subjectivity: The perception of service quality can vary among customers, making it challenging to meet everyone's expectations.
Pros and Cons of Manufacturing Firms:
1. Pros of Manufacturing Firms:
- Scalability: Manufacturing firms have the potential for large-scale production and economies of scale.
- Tangible Products: Manufacturing firms offer tangible products that customers can evaluate before purchasing.
- Specialization: Manufacturing firms can specialize in specific product categories and establish expertise.
2. Cons of Manufacturing Firms:
- : Manufacturing firms need to manage inventory levels and deal with the associated costs and risks.
- Production Efficiency: Manufacturing firms face challenges related to production processes, quality control, and supply chain management.
- Product Differentiation: Manufacturing firms often face competition based on price and may need to invest in innovation to differentiate themselves.
It's important to note that these are general observations and individual firms may have unique circumstances that impact their specific pros and cons.
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Related Questions
how do people help millions 100 millions of people? 99 points for answering
Answers
Answer:
Well first, you must know there are a few requirements.
be a natural-born U.S. citizen of the United Statesbe at least thirty-five years oldbe a resident in the United States for at least fourteen years.Then you would be helping more than 350 million people a day!
Explanation:
Question 19
The SEC's powers include all of the following except the power to
O establish new federal agencies for the prosecution of securities law violations.
O issue a cease and desist order.
O investigate potential violations of securities laws.
O initiate criminal charges against a company that has violated securities laws.
Answers
The SEC's powers include all of the following except the power to establish new federal agencies for the prosecution of securities law violations.
What does the SEC investigate?The SEC's Division of Enforcement can bem ecribd as the entity that is in the charge of investigating alleged breaches of securities law.
It should be noted that the SEC investigations is been set up to handle the case such s the Unregistered securities offerings,as ll s insider trading, accounting errors and negligence, market manipulation, U. S. Securities as well as Exchange Commission help to Protect investors in the market all day.
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litigation under aca was sufficiently addressed. true or false?
Answers
The statement is false: litigation under the Affordable Care Act (ACA) has not been sufficiently addressed.
What is the Affordable Care Act?Also commonly known as Obamacare, it is a law enacted in 2010 that requires adults without health insurance to purchase one.
There have been numerous lawsuits challenging various aspects of the ACA, including challenges to the individual mandate, the employer mandate, and the contraceptive coverage requirement.
While some of these lawsuits have been resolved, others are still ongoing. Additionally, new legal challenges to the ACA continue to arise.
As a result, it is not accurate to say that litigation under the ACA has been sufficiently addressed.
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Services performed but unrecorded as of December 31 are $3,200. Depreciation on the equipment is $200 per year. Prepare the required adjusting entries for Rocket J. Squirrel Co. on December 31, 2021. Post the entries to the accounts in the attached General Ledger (don't forget posting references).
Answers
We need to prepare adjusting entries for Rocket J. Squirrel Co. on December 31, 2021, for the unrecorded services and depreciation on equipment.
To record the depreciation on equipment of $200, we need to debit the depreciation expense account and credit the accumulated depreciation account. The adjusting entry will be: Debit: Depreciation Expense $200, Credit: Accumulated Depreciation $200 ,After recording the above adjusting entries, we need to post them to the respective accounts in the general ledger. The posting references for these entries will be "AJE 1" and "AJE 2", respectively.
Depreciation is an allocation of the cost of the equipment over its useful life. The adjusting entry records the depreciation expense for the current year and increases the accumulated depreciation account.
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The term _____ best explains why most automobile manufacturers produce similar products yet consumers have preferences for specific brands.
Answers
The term product differentiation best explains why most automobile manufacturers produce similar products yet consumers have preferences for specific brands.
What is product differentiation?Product differentiation is a marketing tactic used to set a company's goods or services apart from those of the competition. Finding and promoting a product or company's distinctive traits while emphasizing the key distinctions between it and its rivals are necessary for effective product differentiation.
To make a product or service appealing to a target market or audience, product differentiation must go hand in hand with creating a compelling value proposition.
Product differentiation, if done well, can give the product's seller a competitive edge and ultimately increase brand recognition. The market's most gas-efficient electric vehicle or the fastest high-speed Internet service are two examples of distinct products.
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on july 1, 2018, rents-a-lot inc. paid $72,000 for 36 months of advance rent on its warehouse. what would be the amount of rent expense in the 2019 financial statements for rents-a-lot under both cash-basis and accrual-basis accounting?
Answers
For the year 2019, the amount of rent expense in the financial statements of Rents-a-Lot Inc. would be $24,000 under both cash-basis and accrual-basis accounting.
According to the accrual accounting concept, income is recorded when it is earned, and expenses are recorded when they are incurred. Accrual-basis accounting requires that the rent expense be allocated to the appropriate periods in which the related benefit is received. Rent paid in advance is recorded in the prepaid rent account and is then expensed as the rental period expires .In this case, Rents-a-Lot Inc. paid $72,000 in advance for 36 months of rent on July 1, 2018, which means the monthly rent paid is $2,000 ($72,000/36).
Therefore, $2,000 is the monthly rent expense. The amount of rent expense in the 2019 financial statements for Rents-a-Lot under the accrual accounting method is $24,000 ($2,000 × 12 months).Under cash-basis accounting, expenses are recorded when they are paid, and income is recorded when it is received. Therefore, the entire $72,000 paid in advance for the 36 months of rent would be expensed in the financial statement of 2018. Therefore, the amount of rent expense in the 2019 financial statements for Rents-a-Lot under the cash-basis accounting method is $0.
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fill in the blank. the rate of inflation is equal to the percentage change of the___from one year to the next. multiple choice question. gdp inflator consumer price index producer price index cost of living adjustment index
Answers
The rate of inflation is equal to the percentage change of the Consumer Price Index (CPI) from one year to the next.
Inflation refers to a steady rise in the general price level of goods and services over time. Inflation occurs when the cost of living rises, resulting in a fall in the purchasing power of money. Inflation causes people to spend more on the same quantity of products, which can lead to a decrease in their purchasing power. Inflation can be measured using a variety of indices, including the Consumer Price Index (CPI), the Producer Price Index (PPI), and the Gross Domestic Product Deflator (GDP Deflator).
The Consumer Price Index (CPI) is a measure of the average cost of a basket of consumer goods and services that households consume in a given period. The CPI is used as an inflation indicator, with the percent change in the CPI serving as a measure of inflation. The CPI is calculated by dividing the current value of the basket of goods by the value of the same basket in a base year, and then multiplying the result by 100.
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A trader wants to sell a covered call with an expiration between 20 and 50 days out. Using the option chain, which expiration would have the most extrinsic value?
OCT28 16 - Correct
OCT14 16
OCT21 16
OCT7 16
Answers
Assuming that the current date is before October 7th, the option with the most extrinsic value would be the one with the longest expiration, which is the OCT28 16 option.
Extrinsic value, also known as time value, is the portion of the option's premium that is attributed to the amount of time remaining until expiration. Therefore, the longer the time until expiration, the more extrinsic value an option will have.
In this case, the trader is looking to sell a covered call, which means they already own the underlying asset and are selling the right to buy it at a specified price (the strike price). Since the trader wants to sell a covered call with an expiration between 20 and 50 days out, the options with expirations of OCT14 16 and OCT21 16 would not be suitable. The OCT7 16 option is also not suitable because it has already expired.
Therefore, the option with the most extrinsic value would be the OCT28 16 option, which has an expiration date between 20 and 50 days out and therefore has the most time remaining until expiration.
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Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?
Answers
The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.
How is the average product of labor determined?The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.
The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.
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the purpose of antitrust laws is to encourage diversity and competition in the marketplace. T/F?
Answers
True. The purpose of antitrust laws is to encourage diversity and competition in the marketplace.
Antitrust laws, also known as competition laws, are enacted to promote fair and competitive market conditions. Their primary objective is to prevent anti-competitive practices and behaviors that can stifle competition, harm consumers, and limit market diversity.Antitrust laws aim to ensure that no single company or group of companies can dominate a market to the extent that it restricts competition or creates barriers for new entrants. These laws promote fair business practices, prevent monopolies, and encourage a level playing field for businesses of all sizes. By fostering competition, antitrust laws help to drive innovation, improve product quality, lower prices, and offer consumers a wider range of choices.
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The disadvantages of a system when it works in isolation are: 1. It becomes difficult to collect and analyze the data needed for the functioning of any department. 2. It results in the loss of profits to the organization that could have been better spent in decision making. 3. Business executive or decision-maker cannot take good decisions with the isolated data.
Answers
Answer:
Option B, 1 & 2
Explanation:
The complete question is-
The disadvantages of a system when it works in isolation are:
1. It becomes difficult to collect and analyse data needed for the functioning of any department.
2. It results in the loss of profits to the organisation that could have been better spent in decision making.
3. Business executive or decision-maker cannot take good decisions with the isolated data.
a. 1 & 3
b. 1 & 2
c. 2 & 3
d. 1
Solution -
An isolation system also has work control system, training and competence, operating procedures and management. This system can work adequately only when these arrangement work adequately and this not possible without integration with the entire system.
It become difficult to collect isolated data, its assessment and making decision regarding the betterment of system.
Hence, Option B is correct
The disadvantages of an ERP system when it works in isolation are:
It becomes difficult to collect and analyze the data needed for the functioning of any department.It results in the loss of profits to the organization that could have been better spent in decision making.What is an ERP system?Enterprise Resource Planning (ERP) System refers to a system used by businesses to manage its activities such as manufacturing, supply, services, and other such activities. ERP is a link that connects each and every aspect of an enterprise.
When an ERP system works in isolation, it is difficult for the departments to collect and analyze data and hence affects its functioning.
Also, the organization may face losses as the data required may not be readily available to a department and hence the decisions cannot be taken effectively.
Therefore the correct options are 1 and 2.
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who guarantees that a futures contract will be fulfilled? the broker the clearinghouse nobody the buyer the seller
Answers
The clearinghouse guarantees that a futures contract will be fulfilled. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
A broker's attorney is a legal professional who specializes in providing legal advice and representation to brokers or brokerage firms. They have expertise in various areas of law relevant to the brokerage industry, such as securities law, contract law, compliance, and regulatory matters. Broker's attorneys assist brokers in navigating legal complexities, ensuring compliance with regulations, and protecting their interests. They may help with drafting and reviewing contracts, handling disputes or litigation, advising on regulatory compliance, and representing brokers in negotiations or legal proceedings. A broker's attorney plays a crucial role in safeguarding the legal rights and interests of brokers in their professional activities.
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how much did you earn from working (wages, salaries, tips, etc.) in 2015?
Answers
When filing your taxes, you must report all of the income, including wages, salaries, and tips, that you get from an employer. The IRS Form 1040, also known as the U.S. It completely varies depending on where you are.
Individual Revenues Tax Returns must typically include the following items: every salary that you receive; all tips you received but did not report to your employer; benefits to stay dependent care you received; helps for employer-provided usage you received; excess elective deferrals.
Pensions for disability that you obtained before the minimum retirement age set by your employer; or certain learning and fellowship income you were given. Your earned income is the total of your salaries, wages, tips, and other taxable sources of income. Non-taxable benefits do not count as earned income. Partnerships in the corporate world or in agriculture are only two examples.
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Correct Question:
How much did you earn from working (like wages, salaries, tips, etc.) during 2015?
uptown beverages has a checkbook balance of $132,462. however, when the financial manager looks up the firm's account on the bank's website, the balance that appears is $147,918. what is the net float? is the net float a collection float or a disbursement float?
Answers
The net float for Uptown Beverages is $15,456, and it is a disbursement float.
Net float refers to the difference between the checkbook balance and the balance reflected in the bank's records. In this case, the checkbook balance of Uptown Beverages is $132,462, whereas the bank's balance is $147,918. Therefore, the net float is $15,456 ($147,918 - $132,462). Now, to determine whether the net float is a collection float or a disbursement float, we need to understand the difference between the two. Collection float refers to the time taken by a check to clear from the time it is deposited in the bank to the time it is credited to the account. Disbursement float, on the other hand, refers to the time taken by a check to clear from the time it is written to the time it is debited from the account.
In this case, since the bank's balance is higher than the checkbook balance, it means that Uptown Beverages has written checks that have not yet cleared the bank. Therefore, the net float is a disbursement float. This is because Uptown Beverages has already disbursed the funds by writing the checks, but the funds have not yet been debited from the account.
To calculate the net float for Uptown Beverages, we will compare their checkbook balance to the balance shown on the bank's website.
1. Checkbook balance: $132,462
2. Bank website balance: $147,918
3. Calculate the difference between the two balances: $147,918 - $132,462 = $15,456
The net float for Uptown Beverages is $15,456. Since the bank's balance is higher than the checkbook balance, this indicates a disbursement float. A disbursement float occurs when funds have been recorded as withdrawn by the firm but have not yet cleared the bank account.
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Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)
Subject is (Economic)
Answers
Answer:
other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece
Transformational leadership is fundamentally morally uplifting. This suggests that a. Use of coercive leadership cannot be considered leadership b. All transformative leadership has a negative side c. Using contingent reward cannot be considered leadership d. Using management by exception cannot be considered leadership
Answers
Transformational leadership is fundamentally morally uplifting. This suggests thatd. Using management by exception cannot be considered leadership
How to explain the informationTransformational leadership is a leadership style that focuses on inspiring and motivating followers to achieve more than they thought possible. It is characterized by four key behaviors: idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration.
Management by exception is a leadership style that focuses on monitoring followers' performance and intervening only when there are problems. It is a transactional leadership style, which means that it is based on the exchange of rewards for desired behaviors.
Management by exception is not considered to be transformational leadership because it does not focus on inspiring and motivating followers. It is a more reactive style of leadership that is only concerned with correcting problems.
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When setting prices of products, businesses want to make sure they can
cover their costs and make
A. a markup
B. an allowance
C. a discount
D. a profit
Answers
Answer:
When setting prices of products, businesses want to make sure they can cover their costs and make:
D. a profit
The setting prices of products, businesses want to make sure they can cover their costs and make a profit. Thus, option (d) is correct.
What is businesses?The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The business is the main motive for earning the profit. Businesses are increasing productivity as a result of rising profits. From the location to the facilities such as medical facilities, proper furniture, employee liberty of work, training, internet facilities, and furniture, etc., businesses are improving. The cost plus extra amount is called the profit.
As a result, in the setting prices of products, businesses want to make sure they can cover their costs and make a profit. Therefore, option (d) is correct.
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It is a strong drive to achieve goals and objectives through focus and proactive follow-through.
a.
Consistency
b.
Coordination
c.
Competence
d.
Commitment
Answers
Answer:
C
Explanation:
Competence gives you the ability or skill to do something
PLZ ANSWER ASAP!
Imagine you are on the other side of the playing field and you are the one interviewing someone for a job at your company. What are the top three things that you would look for or hope to hear the interviewee say? Why?
Answers
You work well with other
You are motivated
Because you can’t hire someone who is not motivated and doesn’t know how to communicate and work with others
Long Text (essay)
Journal: Please respond to the following:
Why do you think entrepreneurship is important to the economy?
Answers
Great entrepreneurs have the ability to change the way we live and work, on local and national bases. If successful, their innovations may improve standards of living, and in addition to creating wealth with entrepreneurial ventures, they also create jobs and contribute to a growing economy. The importance of entrepreneurship is not to be underappreciated
Entrepreneurship is important to the economy as they act as a support system in the growth of the economy.
What is entrepreneurship?A person who has a strong interest in conducting business based on creativity and technology and who is willing to take risks in order to improve the lives of others is referred to as an entrepreneur. This is the process that is known as entrepreneurship.
The ratio of annual production to annual consumption, as well as the analysis of an individual's purchasing power, serve as the primary indicators of a nation's economic health.
By developing new goods and services, businesses encourage the creation of new jobs, which lowers the nation's unemployment rate and raises people's spending power, both of which has the net effect of speeding up economic growth.
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an example of cyclical unemployment is a(n): a. engineer permanently laid off due to advances in technology. b. autoworker who is temporarily laid off due to a decline in demand for cars. c. computer programmer who leaves one job and accepts a new job. d. textile worker permanently laid off due to job lost to imports.
Answers
An example of cyclical unemployment is a(n) B. autoworker who is temporarily laid off due to a decline in demand for cars.
Cyclical unemployment is a type of joblessness caused by changes in the overall demand for goods and services.
An example of this type of unemployment is an autoworker who is not working due to a decrease in the demand for cars. Hence, option B is correct.
This type of joblessness is usually temporary, and it usually follows the ups and downs of the business cycle. It can be a challenge for workers to find employment during periods of cyclical unemployment, as there is often not enough demand for their services.
However, with careful planning and an understanding of the business cycle, workers can be prepared to take advantage of the next upswing in the economy.
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PLEASE HELP ME I WILL GIVE BRAINLIEST
Answers
Answer:
a supply chain managers. thanks
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
1. Describe what is meant by wealth?
2. What is wealth and how do you think it relates to budgeting?
3. Identify a wealthy person; a.what makes this person wealthy?
b.How did they earn their wealth?
Answers
Answer:
All the answers of the asked question are discussed below in detailed explanation.
Explanation:
Wealth includes the evaluation of all the items of merit occupied by an Individual, society, corporation, or nation. ... Fundamentally, wealth is the collection of limited resources. Particular people, corporations, and countries are assumed to be wealthy when they are able to acquire many necessary resources or goods.
Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answers
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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what happens to the unemployment and inflation if business investment decreases in the short run?
Answers
true or false? an advertiser who sells products on amazon could access insights that report on total retail activity for all of their products
Answers
An advertiser who sells products on amazon could access insights that report on total retail activity for all of their products. True. It is true that an advertiser has such benefit. Hence, the answer is True.
What is advertising?Advertising is a marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea. Sponsors of advertising are typically businesses wishing to promote their products or services.
Therefore, the correct answer is as given above
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Assume there are routine inventory sales between parent companies and subsidiaries. When preparing the consolidated financial statements, which of the following line items is indifferent to the sales being either upstream or downstream?
a. Consolidated retained earnings
b. Consolidated gross profit
c. Noncontrolling interest share
d. Controlling interest share of consolidated net income
Answers
Answer:
B. Consolidated gross profit
Explanation:
When businesses are said to be involved, gross profits in business is simply revenue from sales minus the costs to achieve those sales. In several cases, some people might say sales minus the cost of goods sold. It tells you how much money a company would have made if it didn’t pay any other expenses such as salary, water, electricity, income taxes, copy paper, rent and so forth for its employees. It's calculation is simple and done by subtracting cost of the goods sold from revenue. That is:
Gross Profit = Total Revenue - Cost of Goods Sold (COGS).
Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
Answers
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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shine-bright dish corp. has five different dish soaps, each has a different fragrance but they all do the same job of cleaning dishes. these products are all treated as a unit and have a similar marketing strategy. this group of products is an example of a
Answers
These products are all treated as a unit and have a similar marketing strategy. This group of products is an example of a Product Line.
A product line is a collection of connected goods that have a common function or advantage for the consumer. In order to increase overall sales volume, product lines are sometimes offered together under a single brand.
The five various dish soaps from Shine-Bright Dish Corp. all have the same cleaning ability, but their distinctive scents set them apart from one another. Customers can select from a range of different fragrances in Shine-product Bright's line while still receiving the same cleaning benefit.
This makes sure that clients have a variety of options, which can ultimately assist to boost overall sales.
Complete Question:
Shine-bright dish corp. has five different dish soaps, each has a different fragrance but they all do the same job of cleaning dishes. These products are all treated as a unit and have a similar marketing strategy. This group of products is an example of a __________.
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