Because sales people are in frequent contact with customers and are likely to understand their likes and dislikes, organizations use sales force survey forecasting, despite that it may sometimes be unreliable. The correct answer is option a.
What is a sales force survey?Salesforce surveys are a type of survey that is targeted at the salesforce of an organization. The purpose of a sales force survey is to identify the factors that are influencing the sales team's behavior, including their opinions and perceptions of the market, customer needs, and the products or services provided by the organization.
It also helps companies to determine the salespeople's level of knowledge of products and services, and to learn about their competitors' strengths and weaknesses. It helps in identifying sales trends and patterns that can assist in forecasting sales results.
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Explain why the credit industry wants you to believe that you need a credit score
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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In general, being __________ means individuals do not have financial means to cover the gap between what their insurance covers and the total cost of their medical bills.
In general, being Underinsured means individualsthe do not have financial means to cover the gap between what their insurance covers and the total cost of their medical bills.
A co-payment is a flat that a patient pays for touring a company or buying prescribed drugs. The copayment varies from issuer to company. Coinsurance is a percentage of the covered advantages paid with the aid of each insurance corporation and the patient.
Meaningful use is measured by way of precise goals for the usage of an EHR machine in an effort to evolve over 3 levels with the purpose of enhancing health care, engaging patients, improving coordination, increasing efficiency, and preserving the privacy of patient health information.
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Which of the following is the best example of a customer most influenced by demographic when it comes to choosing an accommodation?
A) A business traveler needs to book a hotel room at a property that will ensure the ability to work in a quiet hotel room, without noise or disruption.
B) A couple is looking for a hotel room in Paris and is willing to pay a bit more if the hotel is within walking distance of the Louvre and other museums.
C) A customer is about to book a room at a four-star hotel but notices that in the last few months many guests have had complaints about the overall service.
D) A family of five on vacation wants a hotel room that is reasonably priced but includes a microwave and refrigerator to make meals easier and less expensive.
The clearest illustration of a client most impacted by demographic when choosing lodging is a couple searching for a hotel room in Paris who are prepared to spend a little bit extra if the hotel is close to the Louvre and other museums.
What are the main factors that guests take into account when selecting a hotel?The hotel's competitive advantage is significantly influenced by the following elements: product, location, product offers and services, quality, pricing, and reputation.
What factors affect hotel demographics?Age, gender, marital status, income, educational level, and occupation are examples of personal characteristics that fall under the category of demographic factors. While deciding which hotels to stay in, travelers are influenced by these factors.
How do visitors choose a hotel?As a result, the most common aspects impacting customer selections include ratings, hotel facilities, unique experiences, brand trust, location, and targeted marketing. They all have a significant impact on the decision-making process.
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A core competency can help a company achieve which of the following? (Check all that apply.)A) to offer products of comparable value at lower cost than rivals canB) to differentiate its products and servicesC) to reduce the wages of its employeesD) to create higher value for the consumer
to provide comparable products at a lower cost than competitors
to differentiate its products and services
to create higher value for the consumer
Thus, options A, B, and D are correct.
What is a company?A company can be defined as a component that is associated with a goal that must be achieved. It engaged in the operation of a business. It has a limited liability as well as holders in this particular.
It is necessary to create higher value for the customer and defeat the product and services that are rendered as well as compare the product with the competitor company that would help them to grow.
Therefore, options A, B, and D are correct.
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NEED HELP ASAP. WILL GIVE BRAINLIEST
How do limited resources affect a nation's decision to engage in international trade?
Answer:
it affects growth and population
Explanation:
5. Nera is having a problem with a co-worker Nariah. Nera has really tried to get along with her but she just doesn't like her. Every time they are in a meeting together, whenever it is Nariah's t
Nera rolls her eyes and always tries to interrupt. What standard of behavior does Nera need work on?
Nera needs to work on her behaviour and develop more professionalism.
What is professionalism?Professionalism is a powerful quality. It allows you to fulfilll your role to the best of your ability. It helps you to impress and inspire others. And it gives you a deep sense of satisfaction and self-worth.
Whatever your position or occupation, professionalism entails continuously meeting high standards, both openly and "behind the scenes."
There are certain "rules" of professionalism for certain industries, workplaces, or jobs. These might be plainly stated, like a social media usage policy or a set dress code. Other expectations and norms might not be stated in writing, but they might be just as significant. For example, what is considered appropriate meeting decor or how employees decorate their workstations.
It pays to pay attention and, if required, to seek clarification. In order to demonstrate respect, attention to detail, and a dedication to respecting established norms and principles, "fitting in" is a key component of professionalism.
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Companies can refuse to pay women workers who are new to the company the same wage as male workers who have been there for a number of years. Please select the best answer from the choices provided T F
False. It is illegal for companies to discriminate against employees on the basis of gender and pay women workers less than male workers for the same job and level of experience.
Why is Illegal for Companies to Discriminate against Employees?The Equal Pay Act of 1963 prohibits gender-based wage discrimination, and the Civil Rights Act of 1964 prohibits discrimination on the basis of sex, among other protected characteristics. However, it is possible that new employees, regardless of gender, may be offered lower starting salaries than more experienced employees.
Therefore, it is illegal for companies to pay women workers less than male workers for the same job and level of experience because of gender discrimination. This is a violation of federal and state anti-discrimination laws, including the Equal Pay Act of 1963 and the Civil Rights Act of 1964, which prohibit discrimination based on gender in the workplace.
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Answer: Its True
Explanation: Hope this Helps!!!!
John and Fred owned, as joint tenants with right of survivorship, business property that they purchased for $40,000. John furnished one fourth of the purchase price and Fred furnished three fourths of the purchase price. Depreciation deductions allowed before Fred's death were $8,000. Under local law, each had a one half interest in the income from the property. At the time of Fred's death, the fair market value of the property was $80,000, three fourths of which is includable in Fred's estate. What is John's basis in the property at the date of Fred's death
Answer:
$66,000
Explanation:
Given the following :
Property pur has price = $40000
John's portion of purchase price = 1/4 = (1/4 * 40000) = $10,000
Fred's portion = 3/4 = 0.75 * 40,000 = $30,000
Depreciation allowed before Fred's death = $8000
Each beared half :
That is ; (0.5 * $8000) = $4000 each
Fair market value of property at the time of Fred's death = $80,000
Portion owned by Fred at the time = 3/4
0.75 * $80,000 = $60,000
At this time, John has taken up full ownership :
Basis = $6000 + $60,000 = $66,000
Read the following carefully taking note of the key issues before you attempt the questions. The law of demand is a fundamental concept of market economies. Rational consumers will always buy more of a good they want when the price falls, and less when the price rises. The opposite holds true for the law of supply wherein more is supplied as the price goes up and vice versa. Consequently, a market is in equilibrium when the price and quantity are at a level at which supply equals demand. The quantity that consumers demand is exactly equal to the quantity that producers supply. Total welfare in society is maximized. The demand and supply of masks in Lovingdale is as follows:
At a price of $20, forty three thousand seven hundred and fifty units are demanded but three thousand units are supplied. When the price goes up to $60, thirty one thousand two hundred and fifty units are demanded whilst thirty one thousand two hundred and fifty units are supplied. At a price of $100, eighteen thousand seven and fifty units are demanded and fifty nine thousand five hundred units are supplied. Finally, at a price of $140, six thousand two hundred and fifty units are demanded whilst eighty seven thousand seven hundred and fifty units are supplied. The linear equations for the demand and supply of masks in Lovingdale are given as follows: Qd =50 000-312. 5P and Qs = -11125+706. 25P. Question 1 a) Briefly explain the three reasons behind the law of demand as evidenced by the behaviour of consumers in Lovingdale. [5 marks]
The three reasons behind the law of demand in Lovingdale are the substitution effect, income effect, and the law of diminishing marginal utility.
1. Substitution Effect: As the price of masks decreases, consumers will substitute away from other alternatives and buy more masks because they are now more affordable. Conversely, as the price of masks increases, consumers will shift to alternatives that are more affordable, thereby reducing their demand for masks.
2. Income Effect: When the price of masks falls, consumers have more purchasing power, as they can buy the same quantity of masks for a lower cost. This increase in purchasing power effectively raises their real income, leading to an increase in the quantity demanded.
Conversely, when the price of masks rises, consumers have less purchasing power, reducing their real income and resulting in a decrease in the quantity demanded.
3. Law of Diminishing Marginal Utility: According to this law, the marginal utility of a good decrease as more units are consumed. As the price of masks decreases, consumers will buy more masks, but each additional mask will provide less additional satisfaction compared to the previous one.
This diminishing satisfaction leads consumers to buy fewer masks as the price increases.
In summary, the law of demand in Lovingdale is driven by the substitution effect, income effect, and the law of diminishing marginal utility, which all contribute to the observed behavior of consumers regarding their demand for masks at different price levels.
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Which is the most liquid asset?
A) jewelry
B) change jar
C) car
D) lake house
Social relationship marketing is often more effective than financial relationship marketing.
a) True
b) False
Social relationship marketing is more effective than financial relationship marketing when it comes to marketing products or services. A more detailed explanation is given below:Social relationship marketing has become a useful marketing strategy for various businesses, especially in the age of social media.
Social relationship marketing works effectively since it is all about fostering strong relationships with customers. By doing so, it creates an emotional bond with customers, leading to increased customer retention rates and generating positive word of mouth. Furthermore, this approach is suitable for companies that do not have a lot of financial resources since it is more focused on building relationships than spending money on advertising. The approach aims to give discounts, cashbacks, and other financial incentives to keep customers coming back.
While this approach can work, it is not sustainable since customers might switch to another business offering a higher financial incentive. Besides, this approach is less personal and might not build the same emotional connection as social relationship marketing does.In conclusion, social relationship marketing is more effective than financial relationship marketing since it creates strong and long-lasting relationships with customers. The correct answer is option a). True.
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FILL IN THE BLANK ____ is the promotion mix tool that consists of short-term incentives to encourage the purchase or sale of a product or service.
Sales promotion is the promotion mix tool that consists of short-term incentives to encourage the purchase or sale of a product or service.
Sales promotion is a marketing communication tool used to stimulate immediate sales or enhance the overall marketing efforts of a product or service. It involves the use of short-term incentives or promotional activities to motivate customers to make a purchase or take a specific action.
Sales promotion techniques include various strategies such as discounts, coupons, rebates, free samples, contests, loyalty programs, limited-time offers, and special deals.
These incentives are designed to create a sense of urgency and provide added value to customers, encouraging them to make a buying decision or engage with the brand.
Sales promotion activities are typically time-bound and aim to generate immediate results, driving sales and increasing customer participation. They are often used in combination with other promotional tools, such as advertising and personal selling, to create a comprehensive marketing campaign.
The purpose of sales promotion is to create awareness, generate interest, stimulate trial, reward customer loyalty, and ultimately boost sales. By offering incentives and additional value to consumers, sales promotion plays a crucial role in influencing consumer behavior and driving short-term sales growth.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Because service firms tend to be labor-intensive, the primary driver used to assign cost is:_________
Because service firms tend to be labor-intensive, the primary driver used to assign cost is: labor hours
What does labor-intensive mean?
The fact that service firms are labor-intensive means that they render their services using labor rather than using machines which is the case with capital-intensive firm.
In other words, service firms depend so much on humans rather than automation which is achieved by use of modern machines, as a result, the primary driver using in assigning cost to product is the labor hour.
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Finding a job that matches your skills and interests, and finding a job that has a positive job outlook are both important things to consider when selecting a career. Which do you think is more important? Why?
<< Read Less
Answer: Finding a job that matches your skill and interest.
Explanation:
This is very important and it majorly one of the key things to consider when applying for jobs. Sometimes, desperation makes people take any job without thinking if they like the job or not and this is bad as it will hinder the success of such person in the firm.
A typical example of this is applying for a job that requires proficiency in microsoft office packages and you literally have no knowledge but you only applied considering the Positive outlook of the firm, they are no two ways about this, you'd perform woefully if being asked simply because you don't possess the skill.
Finding a job that matches your skills and interest tends to make the job more enjoyable as you will be more motivated to keep the job and will find great pleasure in carrying out the task given. It also aids your career development as well, according to the saying practice makes perfect, doing what you love will continually help you to grow and develop yourself in your chosen field.
Explain the tool of monetary policy a government could use to gain positive balance of payment
Answer:
What is the tool of monetary policy?
Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.
Explanation:
Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
The current market price of a share of Disney stock is $60. If a put option on this stock has a strike price of $65, the put
can be exercised profitably.
is out of the money.
is out of the money and can be exercised profitably.
is in the money and can be exercised profitably.
is in the money.
correct answer to the question is: the put option is currently out of the money, but it has the potential to be in the money and exercised profitably if the stock price declines below the strike price of $65.
A put option is a financial contract that gives the buyer the right, but not the obligation, to sell a particular asset, such as a stock, at a predetermined price, known as the strike price, within a specified time period. When the current market price of the stock is lower than the strike price of the put option, the put option is said to be "in the money." Conversely, when the current market price of the stock is higher than the strike price of the put option, the put option is said to be "out of the money."In this case, the current market price of a share of Disney stock is $60, and the strike price of the put option is $65. Therefore, the put option is currently "out of the money," as the stock price is lower than the strike price. However, if the stock price were to fall below the strike price of $65, the put option would become "in the money," as the holder of the put option could sell the stock at the higher strike price and realize a profit. Thus, the put option is currently "out of the money," but it has the potential to be "in the money" and exercised profitably if the stock price declines.
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March 15, American Eagle declares a quarterly cash dividend of $0.060 per share payable on April 13 to all stockholders of record on March 30 Required: Record American Eagle's dedaration and payment of cash dividends for its 223 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Here is the journal entry to record American Eagle's declaration and payment of cash dividends for its 223 million shares:
Date: March 15
Account: Retained Earnings
Debit: $13,380,000 (223 million shares x $0.060 per share)
Account: Dividends Payable
Credit: $13,380,000
This entry records the declaration of cash dividends by debiting Retained Earnings (an equity account) and crediting Dividends Payable (a liability account).
calculated by multiplying the dividend per share ($0.060) by the number of shares (223 million).
On April 13, when the dividends are paid, the following entry would be made:
Date: April 13
Account: Dividends Payable
Debit: $13,380,000
Account: Cash
Credit: $13,380,000
This entry reduces the Dividends Payable liability account and records the payment of cash dividends to the stock .
Please note that these journal entries are based on the assumption that there are no additional factors or adjustments involved in the dividend declaration and payment process.
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whats Alana current budget is and create a proposed budget so that she can achieve her savings goals (10 marks - TI). Assume that Alana makes $530 a month. Be sure to:
· calculate her budget surplus OR deficit is (current and proposed)
Answer:G tyyyy jhccfvvhh
Explanation:
Hjhdfuiijjhfcdrg g
Which of the following is false regarding the production cost report?
Multiple Choice
A. It is important for managers who monitor the flow of production and costs.
B. It can be used by managers to determine whether inventory levels are getting too high.
C. It summarizes the production and cost results for a period.
D. It can only be prepared when the weighted-average method is used.
The false statement regarding the production cost report is D. It can only be prepared when the weighted-average method is used.
It can only be prepared when the weighted-average method is used. The production cost report is a tool used by managers to track and analyze the flow of production and costs. It summarizes the production and cost results for a specific period, which allows managers to monitor performance and make informed decisions.
Regarding option D, the production cost report can be prepared using various costing methods, not just the weighted-average method. Other commonly used costing methods include the first-in, first-out (FIFO) method and the last-in, first-out (LIFO) method. Each method has its advantages and disadvantages, and the choice of method depends on the company's inventory management objectives and industry practices.
To determine whether inventory levels are getting too high, managers can analyze the production cost report by looking at the ending inventory balances and comparing them to desired levels. If inventory levels are too high, it may indicate inefficiencies or excess production.
In summary, the production cost report is essential for managers to monitor production and costs, can be prepared using different costing methods, and provides valuable information to evaluate inventory levels.
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The city of waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city's park. On may 1, the city was notified that it had been awarded a grant of up to $200,000 for the project. The state will provide reimbursement for allowable expenditures. On may 5, the special revenue fund entered into a short-term loan with the general fund for $200,000 so it could start bridge construction. During the year, the special revenue fund expended $165,000 for allowable bridge construction costs, for which it submitted documentation to the state. Reimbursement was received from the state on december 13.
Answer and Explanation:
The journal entries are shown below:
For May 1
No Entry Required as eligibility should be completed before recognition.
For May 5
Cash $200,000
To Inter fund Loans Payable-Current $200,000
(Being cash is recorded)
During the year
Expenditure $165,000
To Voucher Payable $165,000
(being expenditure is recorded)
Due from State Government $165,000
To Revenues $165,000
(Being revenue is recorded)
On Dec 13
Cash $165,000
To Due from State Government $165,000
(being cash is recorded)
On Dec 31
Revenues $1165,000
To Expenditure $165,000
(being closing entry is recorded)
And other entries are not added as the balance of $35,000 is not fulfilled the eligibility
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
abc corporation has three service departments with the following costs and activity base: service department cost activity base for allocation graphics production $200,000 number of copies made accounting 500,000 number of invoices processed personnel 400,000 number of employees abc has three operating divisions, micro, macro and super. their revenue, cost and activity information is as follows: micro macro super direct revenues $700,000 $850,000 $650,000 direct operating expenses $50,000 $70,000 $100,000 number of copies made 20,000 30,000 50,000 number of invoices processed 700 800 500 number of employees 130 145 125 what is the service department charge rate for the accounting department? a.$714 b.$625 c.$0.004 d.$250
The accounting department will be charged $250 by the service department. Thus the correct answer would be (d) $250.
A technique for calculating and allocating overhead costs based on specific activities is known as "activity-based costing." The price of the product includes the allocation of overhead expenses.
The activity-based costing formula is the cost pool total divided by the cost driver, which yields the cost driver rate..
The amount of overhead and indirect costs associated with a specific activity are determined using the cost driver rate in activity-based costing.
Here is the Activity-based costing calculation:
List all the steps needed to produce the product.Create cost pools for the activities that include the particular costs associated with each activity (such as manufacturing). The total cost of each cost pool should be determined.Assign cost drivers for each activity in the cost pool, such as hours or units.To get the cost driver rate, divide each cost pool's overall overhead by all of the cost drivers.Divide each cost pool's overall overhead by all of the cost drivers to obtain the cost driver rate.Add the number of cost drivers to the cost driver rate.Performing these steps we got our answer as $250.
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which of the following is not true about production possibilities frontiers (ppf)? group of answer choices moving from one point to another on a ppf incurs a tradeoff economic growth is shown by shifting the ppf outward unemployment of resources is shown by shifting the ppf inward a ppf can shift inward or outward
Thus, the correct option is "a PPF can shift inward or outward" is not true.The statement that is not true about production possibilities frontiers (PPF) is: "A PPF can shift inward or outward."
PPF is a graphical representation of the different possible combinations of two goods that can be produced with the available resources and technology. The PPF shows the tradeoffs that occur when an economy produces more of one good and less of another good.
The PPF can shift outward due to economic growth, which can be caused by factors such as technological advancements or an increase in resources. The PPF can shift inward if there is a decrease in resources or a decrease in technology.
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true or false. the amount of investment in an economy exceeds the amount of savings during a recession.
During a recession, more money is invested in the economy than is saved. False.
What are some consequences of increased savings in an economy?Increased overall savings would result in larger investments and faster GDP growth. Because of the high savings rates, there is more capital available, which boosts the nation's economic growth.
Which of the following situations causes the real interest rate to decrease and which does not?Inflation increases while bank interest rates decline. While the nominal interest rate stays the same, inflation rises.
What does an economy's saving rate mean?The savings rate calculates the percentage of gross disposable income that families do not use for final consumption. It is calculated as household savings divided by gross disposable income (unadjusted).
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5 Ayesha is a business adviser. Her financial year ends on 30 September. She provided the following trial balance at 30 September 20-3: $ Capital $ Drawings 15200 125000 Premises 95 000 Office equipment Fees from clients 21600 Insurance 3110 Printing and stationery 2480 Wages Office expenses 59 650 3120 Rent receivable Trade receivables 6150 6000 9510 Bank overdraft Cash 65950 150 206460 206460 Prepare Ayesha's income statement for the year ended 30 September 20-3 and a statement of financial position at 30 September 20-3.
From the income statement, the net profit is $49,870(loss), the total assets is $181,250 and the total liabilities is $125,000
What is the income statementFees from clients: $21,600
Expenses:
Wages: $59,650
Rent: $3,120
Office expenses: $3,110
Printing and stationery: $2,480
Insurance: $3,110
Total expenses: $71,470
Net profit: $21,600 - $71,470 = -$49,870 (Loss)
Statement of Financial Position at 30 September 20-3:
Assets:
Premises: $95,000
Office equipment: $6,000
Rent receivable: $6150
Trade receivables: $6,000
Bank overdraft: $65,950
Cash: $150
Total assets: $181,250
Liabilities:
Drawings: $125,000
Capital:
Capital balance: $15,200
Total liabilities and capital: $181,250
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Which investment advice would Gale most likely give to Alex? Invest in stocks because they are less risky. Put most of your money in a savings account instead. Spread your investments in several different areas. Stick with the stocks because they will bounce back.
Investment advice is the advice given by consultants or consultancy firms holding special expertise in the field of securities market to the individual investors.
Investment DecisionTheir is a very popular quote in the investment market that "do not put all your funds in a single security " and put your funds in different securities so that loss of a security is set-off with the gains of other security.
Therefore , the investment advice most likely Gale would give to Alex will be "Spread your investments in several different areas" and OPTION C is correct.
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Answer:
c
Explanation:
organization formed mainly by traders and manufacturers to cater for the interest of their members is
Answer:
A trade association
Explanation:
A trade association is an organization or a group founded by businesses in the same industry. A trade association is created to assist in coordinating activities that improve the welfare of its members. By uniting in an association, firms can lobby for a better business environment from the government.
A trade association allows members to bond and network. It presents an opportunity for members to strategize and exchange important business information.
Some of the most famous and successful entrepreneurs, like Steve Jobs or Richard Branson, never finished or went to college. How do you think they managed to become so successful? Why doesn’t this work for everyone?