Consider the following: Red Bull started life as a truck drivers’ pick me up in Thailand called Krating Daeng, which translates as ‘Red Bull’ in English. Based on market share, it is the most popular energy drink in the world. Nowadays in Europe when served with Vodka it is seen as a very trendy drink. Red Bull was initially developed in Thailand, and the rights were then bought by Austrian born Dietrich Mateschitz to market it worldwide excluding Thailand. Thailand continued producing its own brand which has a different formulae and marketing plan to the non-Thailand version.
The internationalisation strategy of Red Bull was to open up new markets by securing unusual distribution channels. In the USA a Red Bull sales rep would contact a small distributor to persuade them to sell Red Bull. If they did not persuade anyone they would set up a warehouse and hired younger people to load up the vans and deliver the product. These start-up distributors could focus their entire energies on getting Red Bull fully stocked in stores with prominent shelf placement. In Europe the was built through clever repackaging and by developing a niche marketing strategy for the drink as a trendy vodka mixer to the club circuit in Europe. The sales team visited key on-premise account: hot clubs and trendy bars to establish distribution. When owners began buying a few cases, they would receive a Red Bull branded cooler and other attractive point of purchase items. Last year, Red share stood at 43 percent , with company sales being reportedly in the region of $1.3 billion dollars.
Question
In your response, what are the key lessons managers can learn from the building of Red Bull as a worldwide brand ? (6 marks)
Answers
Key lessons that managers can learn from the building of Red Bull as a worldwide brand:Red Bull had a specific and unusual distribution strategy.
It established a direct relationship with its clients by employing a limited number of personnel and handpicking distributors who had already established connections within their areas of activity. This meant that the corporation kept a tight grip on the way its product was sold and promoted. Managers may learn that establishing direct and unusual distribution channels is a viable option for businesses that are expanding into new regions and must establish a new brand as a trusted name with customers.
As a result, a company may improve sales and brand loyalty by providing quality and dependability in distribution channels, which are crucial elements of a product's overall image.In the USA, Red Bull was innovative and scrappy, using a creative distribution plan that proved successful. When approaching distributors, they utilized a business model that was in its early stages, attracting the attention of small independent distributors.
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Related Questions
What’s the answer???
Answers
Answer:
I am not sure but I think it would be B right?
Explanation:
Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?
Which of the following items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants: weigh all sides of decisions.
a. weigh all sides of decisions.
b. attending annual meetings.
c. generate innovative approaches to accounting.
d. integrity and objectivity.
Answers
Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants.
What is meant by professional code of ethics?This is the term that is used to refer to the code that is used to apply to all of the people that would work in a particular organization that are meant to guide the behavior of the people in the organization and also check the ways that people would act.
Hence we can say that Integrity and objectivity are the items are included in The Code of Professional Ethics of the American Institute of Certified Public Accountants..
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59
C
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
A). larger long-term credit or loan costs
B). less preparation for emergencies
E). increased long-term challenges
Explanation:
The outcomes that are likely to occur for someone who doesn't possess the skills associated with personal finance would be 'increased costs of the loan and long-term credits' which may lead to losses, 'little or no preparation for dealing with the emergency situations' that occur in a business, and 'enhanced challenges in long-term' as there is no preparation or knowledge present to overcome the situation. While a person having such skills would be more confident and prepared about the future as he has plans and preparedness in his mind and therefore, he takes decisions thoughtfully and is less probable to undergo any challenges.
Gross profit is calculated by deducting the cost of goods sold (CDGS) from your total sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $ 48,000?
Answers
Gross profit is a company's revenue minus its cost of goods sold (COGS). This calculation gives a company a better understanding of its overall profitability, as it measures the amount of money left over after accounting for the direct costs associated with producing and selling its goods and services.
The formula for calculating gross profit ratio is: Gross Profit Ratio = Gross Profit / Total Sales. If a company's gross profit ratio is calculated by dividing gross profit by total sales, find the total sales given the cost of goods sold is $48,000:We can use the formula to calculate the company's gross profit first, then divide by the given gross profit ratio to find the total sales.
Gross Profit = Total Sales - Cost of Goods SoldGross Profit Ratio = Gross Profit / Total SalesRearranging the formula for Gross Profit, we have:Gross Profit = Gross Profit Ratio x Total SalesSubstituting the given values, we get:Gross Profit = (Gross Profit Ratio) x (Total Sales)= Gross Profit Ratio = (Gross Profit) / (Total Sales)= Gross Profit Ratio x Total Sales = Gross Profit= (Gross Profit Ratio) x (Total Sales) = (Total Sales - Cost of Goods Sold)Therefore,Total Sales - Cost of Goods Sold = (Gross Profit Ratio) x (Total Sales)Total Sales - $48,000 = (Gross Profit Ratio) x Total
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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Which of the following is indicative of the thinking that was present during the production orientation era in the evolution of marketing? What was the focus of the Production orientation era? Efficient processes in manufacturing that resulted in quality products and reduced unit costs.
Answers
The requirement to convince clients to purchase goods so they do not do business with rivals. Sales Orientation was a time when businesses mainly relied on marketing campaigns to sell the goods they produced.
During this period, advertisements were widely used in a variety of media, including radio, print, and television. The marketing idea was first developed in the 1950s. Companies understood that their goal was to fulfill customers' demands and desires. Selling what the companies' products could create was not the goal of marketing. Choosing what to manufacture in order to meet the requirements and desires of consumers was the goal. Production orientation is a way of thinking that puts the firm's internal capabilities first rather than the wants and demands of the market.
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What policy should the government adopt for the promotion of large scale industries?
Answers
Answer:
britain
Explanation:
For this activity, you will be developing a personal finance plan that demonstrates your ability to manage your money using appropriate financial strategies.
Activity Overview:
Part 1 Overview:
For the first part of this activity, you will be given a hypothetical monthly income, a list of your basic monthly bills, and a brief description of your living situation and daily life.
Based on that information, you will create a monthly budget and financial plan that allows you to pay all of the necessary bills while also having enough money left over to live for the month.
You will also need to take into consideration the details that are given about your life. You will need to weigh your options with these details and decide what is absolutely necessary to fit into your budget and what you can afford to live without.
You may use a spreadsheet program like Microsoft Excel to organize your monthly financial plan; however, this is not a requirement if you are not comfortable using this type of program. You can also create a table or chart in a word processing program like Microsoft Word, or you can come up with another way to creatively and effectively organize and display your monthly plan.
If you are completely stumped as to how to design and organize your monthly financial plan, do a bit of research! Try Googling ‘monthly financial plan’ or ‘monthly budget template’ to get some ideas.
Part 2 Overview:
After completing your monthly financial plan, you will write a brief reflection (one to three paragraphs) on this financial activity.
The following questions should be addressed in your reflection:
How easy or difficult was this activity?
What were some challenges that you encountered?
Were you able to pay for all of your bills and all of the additional expenses with your income?
If not, what did you eliminate or where did you cut back?
How did you decide what to eliminate or where to cut back?
How might this hypothetical financial plan differ from a future real-life financial plan?
Do you feel more or less comfortable with money management after completing this activity?
Your grade will be based on your ability to appropriately create a comprehensive and well-thought out monthly budget and your ability to write a thoughtful reflection that addresses the required questions. For more details on grading, please refer to the rubric below.
Please submit your monthly financial plan and your typed reflection to the dropbox when completed.
Part 1 Information:
You currently work as an elementary school teacher.
Your annual salary is $45,000
You bring home a weekly paycheck and your total monthly income, after taxes, is $2,850.00
You live alone in an apartment with the following bills:
Monthly rent: $1,000
Electric Bill: $82
Gas and Water: $44
Internet: $75
Other monthly bills include:
Cell Phone: $85
Student Loan: $200
Car Insurance: $130
Gym Membership: $20
Other details and expenses:
You live a pretty simple life. You are single and enjoy going out to dinner with friends once or twice a month.
You enjoy eating healthily and generally spend a good portion of your income on purchasing organic food. You like to grocery shop weekly and, on average, spend $100 per week.
You have a dog and he is due for a monthly check-up this month. You estimate this will cost around $150, but you have not scheduled the appointment yet.
You are relatively healthy and rarely visit the doctor, but you do have asthma that requires monthly inhalers. These are not covered by insurance and cost you $110 per month.
You love treating yourself to a movie. A movie ticket costs $10.
There is a concert that your friends have asked you to attend this month. Tickets are $250.
You opened a savings account several months ago and set a goal to deposit $200 into it each month.
Your Mom’s birthday is this month and you want to send her flowers. It will cost $75 to send her a beautiful bouquet.
The service light recently came on in your car. You have been avoiding taking it to the shop because you anticipate that it will cost anywhere from $150-$300. But if your car breaks down, you will not be able to get to work.
Answers
PART 1 Careful budgeting and prioritization are essential for creating a comprehensive monthly financial plan. Allocating funds to essential expenses and evaluating discretionary spending allows for effective income management.
PART2 The individual should write a brief reflection on the financial activity.
Creating a monthly financial plan based on the given information can be a challenging task, but with careful budgeting and prioritization, it is possible to manage the income effectively.
To start, the fixed monthly expenses such as rent, electric bill, gas and water, internet, cell phone, student loan, and car insurance should be allocated first. These expenses are essential and need to be paid regularly.
Next, the discretionary expenses can be evaluated and adjusted based on available funds. Considering the desire to eat healthily and purchase organic food, it is important to allocate a reasonable amount for groceries. It is recommended to plan meals and shop strategically to stay within the budgeted amount.
Regarding entertainment expenses, attending a movie and a concert can be considered, but it's crucial to assess their importance and affordability. It may be necessary to prioritize one over the other or find alternative, lower-cost activities to enjoy with friends.
Saving $200 per month as a goal is commendable, but it should be evaluated in the context of the overall financial situation. If it becomes difficult to allocate that amount while meeting all other expenses, it may be necessary to adjust the savings goal temporarily and increase it in the future when financial circumstances improve.
Considering the upcoming expenses, such as the dog's check-up, asthma inhalers, and sending flowers for your mom's birthday, it's important to set aside funds for these obligations. These expenses should be factored into the budget to ensure they can be paid without causing financial strain.
In the reflection, it is important to acknowledge the challenges faced while creating the financial plan. This may include balancing expenses, making decisions on discretionary spending, and adjusting expectations based on available income.
It is also important to consider how this hypothetical financial plan may differ from a real-life plan, as individual circumstances and financial goals can vary.
Completing this activity can enhance money management skills by providing practical experience in budgeting and decision-making. It helps in understanding the importance of prioritizing expenses and making informed financial choices.
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at the beginning of the year, snapit had $11,200 of inventory. during the year, snapit purchased $37,400 of merchandise and sold $31,800 of merchandise. a physical count of inventory at year-end shows $12,200 of inventory exists. prepare the entry to record inventory shrinkage.
Answers
To record inventory shrinkage, you would need to make an adjustment to the inventory account. Since the physical count at year-end shows $12,200 of inventory, and the beginning inventory was $11,200, there is an inventory shrinkage of $1,000.
The entry to record the inventory shrinkage would be:
Debit: Cost of Goods Sold (Expense) - $1,000
Credit: Inventory (Asset) - $1,000
This entry recognizes the decrease in inventory due to shrinkage and increases the cost of goods sold expense.
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in order to require banks to hold more money as opposed to lending it, the federal reserve can —
Answers
In order to require banks to hold more money as opposed to lending it, the federal reserve may expand the amount of money in circulation by reducing the reserve requirements for banks, allowing them to provide more loans. The Fed may reduce the amount of money in circulation by increasing the reserve requirements for banks, on the other hand.
What is a federal reserve?Generally, The United States of America's central banking system is called the Federal Reserve System. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized management of the monetary system to prevent financial crises after a string of financial panics.
The federal reserve may increase the quantity of money in circulation by lowering the reserve requirements for banks, enabling them to provide more loans, in order to force them to keep more money as opposed to lending it.
On the other side, the Fed may decrease the quantity of money in circulation by raising the reserve requirements for banks.
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Can someone help me with this?
You are responsible for an automobile accident. Use the information below to determine:
The total amount your liability insurance will pay for the accident
The total amount your collision insurance will pay for the accident
The number of additional damages you are responsible for as a result of the accident
You and the driver of the other car were the only people involved in the accident. There were no injuries from the accident.
You have a 50/100/50 liability insurance policy with no deductible
You have collision insurance with a deductible of $500
The other car was valued at $25,000 and requires $10,000 in repairs
Your car was valued at $20,000 and requires $15,000 in repairs
Answers
Answer:
omg you have any idea
Answer:
Based on the type of insurance you have and the people involved in the accident, the total amount of liability you will pay is $25,000.
The total amount that your collision insurance will pay is $24,500 and the amount of additional damages you will pay is $0.
What is the total amount you will pay?
The coverage is 50/100/50 means that the insurance company will pay up to $50,000 for damages.
This means that the cost to repair both cars will be covered as it is less than $50,000:
= 10,000 + 15,000
= $25,000
There will be no additional damages.
The amount you will pay personally will be the $500 deductible which means that insurance will pay:
= 25,000 - 500
= $24,500
Analyze (10 points)
Analyze different examples of communication in the workplace.
1. First look at how email should and should not be used in the workplace.
a) You need to share information summarizing last week's sales department meeting
with all the departments in your company. Would email be a good choice for this
interdepartmental communication? Why or why not? (1 point)
Answers
Workplace communications may occur between varying levels of management, from front-line workers to top-level executives. Some of the most common forms of workplace communication include video conferencing, meetings, email, text messages, and phone calls.
What is workplace communication ?Verbal, bodily, phone, and written communication are the four primary forms of business communication. You always have to deal with at least one at some point throughout the workweek. Being able to communicate effectively in these environments can be one of the most sensitive abilities a worker can acquire.
Making connections with other members of your team and fostering an inclusive environment are key to effective workplace communication. It's about communicating in a way that helps your team advance and reach its objectives.
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Question 10 (5 points)
Two prescreening tools for job candidates are the resume and the
employment essay.
advertisement.
application.
letter of recommendation.
Answers
The correct answer is C. Application
Explanation:
When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.
In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.
Answer: Application
Explanation: I just took the test
Hope this helps.
When a nation doesn't buy any of a good from other nations, only exporting to others, then in the market for that good an import tariff a. will maximize tax revenue from the tariff b. will be out of equilibrium c. will cause deadweight loss (DWL) d. will have no effect
Answers
When a nation doesn't buy any of a good from other nations, only exporting to others, then in the market for that good, an import tariff (d) will have no effect.
This is because the nation is not importing the good, so the tariff does not impact its revenue or market equilibrium. If a nation doesn't buy any of a good from other nations and only exports to others, then an import tariff on that good would have no effect. This is because the nation is not importing the good and therefore will not be subject to the tariff. Import tariffs are typically put in place to raise revenue for the importing nation, but in this case, there would be no revenue generated since there are no imports. Therefore, the answer is d) will have no effect.
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the petit chef co. has 11.4 percent coupon bonds on the market with seven years left to maturity. the bonds make annual payments and have a par value of $1,000. if the bonds currently sell for $1,115.37, what is the ytm?
Answers
The Yield to Maturity (YTM) for the given bond is 10.33%.
Explanation:
The yield to maturity (YTM) is the total return anticipated on a bond if it is held until maturity. Yield to maturity is considered a long-term bond yield but is expressed as an annual rate. In other words, it is the internal rate of return of an investment in a bond, considering the total cash flows of the bond from the time of purchase until it matures.
The formula for the Yield to Maturity (YTM) calculation is as follows:
PV = C/(1+r)^1 + C/(1+r)^2 + ... + C/(1+r)^n + FV/(1+r)^n
Where,
C = Coupon payment
PV = Present value
FV = Face value or par value
r = Yield to maturity
n = Number of years until maturity
Here,
Coupon payment = $1,000 x 11.4% = $114
Annual payment = $114
Par Value = $1,000
Present Value = $1,115.37
No. of years = 7
Using the formula above, we get,
1,115.37 = 114/(1+r)^1 + 114/(1+r)^2 + ... + 114/(1+r)^7 + 1,000/(1+r)^7
Solving this equation using trial and error, we get:
YTM = 10.33%
Therefore, the Yield to Maturity (YTM) for the given bond is 10.33%.
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what is one disadvantage of not having a checking account?
Answers
Answer:
A disadvantage could be paying the bills in person, having to pay bills AND gas money.
The ruling in the copyright case over the song a little bird told me established that?
Answers
The ruling in the copyright case over the song "A Little Bird Told Me" established that copyright infringement does not require a verbatim or exact copy. This case resulted in the expansion of copyright protection for songwriters.
Copyright infringement is the unauthorized use of copyrighted material. It happens when a copyrighted work is used or reproduced without the permission of the copyright owner. Copyright infringement can result in civil and criminal penalties, including monetary damages and even imprisonment.
In the copyright case over the song "A Little Bird Told Me," the court ruled that copyright infringement does not require an exact or verbatim copy. This ruling expanded copyright protection for songwriters by recognizing the value of the "total concept and feel" of a song, rather than just the specific lyrics or melody. As a result, it became easier for songwriters to claim copyright infringement when their work was used without permission, even if only a small portion was used or if the work was modified in some way.
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Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?
Answers
A possible explanation for the disappearance of vocations in the past decade is advancement in technology.
With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.
Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.
Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.
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Answer:
The low cost of foreign goods could cause manufacturing to be done overseas
If you have a choice of questions to answer on an essay test, which questions should you answer first? a. The questions that you know a lot about so you can then focus on the more difficult ones c. The ones that are worth the fewest points because you can finish those quickly b. The questions which call for a 5 paragraph essay because those are easiest to outline d. Any of these Please select the best answer from the choices provided A B C D
Answers
The questions that you know a lot about in an essay so you can then focus on the more difficult ones. Thus, A is the correct option.
What is an essay?An essay is a written piece of work that presents a writer's argument, viewpoint, or analysis of a particular topic. It is usually written in a formal or academic style and is intended to persuade or inform the reader.
Narrative essays: These essays tell a story or describe a personal experience.
Descriptive essays: These essays provide vivid details and sensory information about a particular object, place, or event.
Expository essays: These essays explain or describe a topic, providing relevant facts and examples to support the writer's point of view.
Persuasive essays: These essays present an argument or viewpoint and aim to persuade the reader to accept the writer's position.
Argumentative essays: These essays present a well-reasoned argument or analysis of a topic, presenting evidence and counterarguments to support the writer's position.
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Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?
Answers
Answer:
i would say that his prices were a little high and ask for 20% off if he cant give that off then i would just say okay. why? because that's the plight thing to do.
Explanation:
hope this help.
brainiest please
Answer:
I hope this helps :)
Explanation:
Well I feel like I would purchase the meat based on quality. Of course it's going to cost me more, but you can't go wrong with better product. If the other places are selling meat for less, but the quality is bad what's the point. I definatly would choose quality over quanity when it comes to the purchase of meat.
In economics, the phrase "There is no such thing as a free lunch" means what?
А.
Everyone must pay for his or her own lunch.
B
Restaurants do not offer lunches for free every day.
C
There are always resources that must be given up to produce and consume the lunch.
D
The person who consumes the lunch gains calories from eating it.
Answers
Answer:
C) .There are always resources that must be given up to produce and consume the lunch.
Explanation:
The phrase means that in economics, there is nothing that is genuinely free. Every decision has a cost implication that has to be meant by somebody. In the example of a free lunch, there is still a cost to be met. Even if a client is not charged for the food, the restaurant owner has to pay for labor and the materials used to prepare the lunch.
The phrase implies that all economic decisions have a cost behind them. Anyone offering anything for free must have a plan of recovering their costs.
george purchased a life annuity for $2,200 that will provide him $55 monthly payments for as long as he lives. based on irs tables, george's life expectancy is 100 months. how much of the first $55 payment will george include in his gross income?
Answers
Of the first $55 payment George will include in his gross income#35.
Amount to be included in gross income from the first $55 payment = $55 - ($2,000 / 100)
= $55 - $20
= $35
What is Gross income?
Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.
How can I determine my gross income?
As an alternative, you can figure out your gross income by multiplying either your monthly take-home pay before taxes or the number of hours you'll work in a month by your hourly wage rate.
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a restaurant is considering offering a delivery option for its customers. they use data to forecast the demand for this service. this is an example of which problem type?
Answers
The scenario presented, where a restaurant uses data to forecast the demand for a delivery option, is an example of a demand forecasting problem.
Demand forecasting involves estimating future customer demand for a product or service based on historical data, market trends, and other relevant factors.
Demand forecasting is a common problem faced by businesses in various industries, including the food service industry. By accurately predicting the demand for a delivery option, the restaurant can make informed decisions regarding resource allocation, staffing, inventory management, and operational planning.
In this case, the restaurant collects and analyzes data to determine the potential demand for the delivery service. The data may include historical sales data, customer preferences, order patterns, demographic information, and market trends.
By examining this data, the restaurant aims to identify patterns, correlations, and factors that influence demand for delivery services.
Using techniques such as statistical analysis, time series forecasting, regression analysis, or machine learning algorithms, the restaurant can develop a demand forecast model.
This model leverages the available data to predict future demand levels, enabling the restaurant to make strategic decisions regarding the implementation of a delivery option.
By utilizing data-driven forecasting techniques, the restaurant can mitigate risks associated with demand uncertainty, optimize resource utilization, and align its operations with customer needs and preferences.
Overall, demand forecasting helps businesses make informed decisions to enhance efficiency, customer satisfaction, and profitability.
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Estimating the market value of real estate is complicated by the unique characteristics of real estate markets. In contrast to stock markets, real estate markets are characterized by all of the following except.
Answers
In contrast to stock markets, real estate markets are characterized by all of the following except: Market prices are revealed almost instantaneously to prospective buyers.
What is market price?Market price is the price at which stock or an asset are being sold or buy in the market at a particular period of time.
It is important to note that In real estate markets, market prices are not revealed almost instantaneously to potential buyers due to its unique characteristics unlike stock market where the buyers are aware of the market price almost instantaneously.
Inconclusion In contrast to stock markets, real estate markets are characterized by all of the following except: Market prices are revealed almost instantaneously to prospective buyers.
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Explain why Congress sometimes mandates that businesses use particular accounting methods while other times Congress is content to require businesses to use the same accounting methods for tax purposes that they use for financial accounting purposes.
Answers
Congress often mandates particular accounting methods to ensure uniformity, compliance with tax laws, and transparency in business financial reporting. On the other hand, there are instances when Congress allows businesses to use the same accounting methods for both tax and financial accounting purposes. This is typically done to simplify the accounting process and reduce the administrative burden on businesses, making it easier for them to comply with both tax and financial reporting requirements.
Congress mandates particular accounting methods to maintain a fair and efficient taxation system, as well as to prevent tax evasion and aggressive tax planning. By having businesses adhere to specific accounting methods, Congress can maintain better control over the flow of tax revenue and ensure that businesses are paying their fair share of taxes. In case of the same accounting methods, the chosen methods are deemed sufficient for accurately reflecting a company's financial position and taxable income, and thus, there is no need for separate methods.
In summary, Congress sometimes mandates specific accounting methods for businesses to ensure compliance with tax laws, maintain a fair taxation system, and promote transparency. However, when the chosen accounting methods can serve both tax and financial accounting purposes without compromising accuracy and fairness, Congress allows businesses to use the same methods for both. This helps simplify the accounting process and reduces the administrative burden on businesses.
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explain the effect of a lack of shortage of entrepreneurs in the economy
Answers
Explanation:
Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth.
factorise the following3x^2-18 +24
Answers
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice
Which of the following is NOT a career and technical student organization mentioned in the presentation?
Answers
Answer:
FHA or Computers for Kids
TRUE / FALSE.
Credit risk describes a situation that financial institutions have to sell assets prematurely to meet withdraw demand of depositors.
Answers
False. Credit risk refers to the potential for borrowers or counterparties to fail to fulfill their financial obligations, resulting in financial losses for the lender or investor. It is the risk of default or non-payment by borrowers.
The statement in question describes a liquidity risk rather than credit risk. Liquidity risk refers to the risk that a financial institution may not have sufficient liquid assets (cash or easily marketable securities) to meet the withdrawal demands of depositors or other short-term obligations. In such a situation, the financial institution may need to sell assets prematurely or seek external funding to fulfill the withdrawal requests.
While credit risk and liquidity risk are related, they are distinct concepts. Credit risk focuses on the ability of borrowers to repay their debts, while liquidity risk focuses on the availability of sufficient funds to meet short-term obligations.
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According to the theory of liquidity preference, which variable adjusts to balance the supply and demand for money?
interest rate
money supply
quantity of output
price level
Answers
According to the theory of liquidity preference, the interest rate is the variable that adjusts to balance the supply and demand for money.
The theory of liquidity preference was developed by John Maynard Keynes and suggests that the demand for money is influenced by the desire of individuals to hold liquid assets. In other words, people hold money not only for transactional purposes but also as a way to store value.
When there is excess demand for money, individuals will be willing to pay a higher price (interest rate) to acquire it. As a result, the interest rate will rise, which will discourage borrowing and ultimately decrease the demand for money. Conversely, if there is an excess supply of money, the interest rate will fall, which will encourage borrowing and ultimately increase the demand for money.
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