Exposing domestic producers to Option B. Foreign competition improves domestic efficiency.
Exposing domestic producers to foreign competition improves domestic efficiency. Domestic competition may not be enough to make domestic producers improve their efficiency. Still, when exposed to foreign competition, domestic producers become more conscious of their inefficiencies. Consequently, domestic producers are forced to produce products of higher quality at a lower cost. Due to foreign competition, domestic producers are pushed to produce products at lower prices while ensuring that they maintain quality standards.
Domestic producers try to adopt new technologies, reduce costs, and increase productivity to stay ahead of their competitors. This, in turn, improves domestic efficiency. By improving domestic efficiency, local producers gain the ability to compete in the global market. Additionally, foreign competition also helps improve the quality of local products to international standards.
Furthermore, exposure to foreign competition also has the potential to reduce the prices of goods and services in the domestic market. The improved quality of domestic products and reduced prices of goods and services lead to increased consumer consumption, which is beneficial to the domestic economy in the long run.
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What factors do you think differentiate good decision makers from poor ones?
Relate your answer to the six-step rational decision-making model.
Answer:
Effective decision-makers are distinguished from poor ones by several factors. Firstly, good decision-makers have the ability to gather and analyze information effectively. They can identify relevant information and take the necessary time to carefully evaluate and consider it before making a decision.
Another crucial factor is the capacity to think critically and objectively. Good decision-makers can analyze all sides of an issue, consider multiple perspectives, and detect biases or assumptions that may be influencing their thinking.
Using the six-step rational decision-making model is another skill of good decision-makers. They can identify the problem, gather information, identify alternatives, evaluate alternatives, choose the best alternative, and implement the decision. They move systematically through each step of the model, taking the necessary time to consider all options and weigh the potential outcomes before making a decision.
Lastly, good decision-makers can effectively communicate their decisions and the reasoning behind them to others. They can articulate their ideas clearly and persuasively and are open to feedback and are willing to consider different perspectives.
In conclusion, good decision-makers possess skills such as gathering and analyzing information, thinking critically and objectively, using a systematic decision-making model and communicating effectively with others. These abilities enable them to make well-informed and effective decisions that lead to positive outcomes.
Hope it helps! : )Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
a) The firm's 2021 tax liability was $35,595.
b) The firm's 2021 net income was $133,905.
c) The firm's 2021 average tax rate was 21%.
d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.
What is the tax liability?The tax liability of a firm is the product of the average tax rate and the earnings before tax.
The net income is the difference between the earnings before tax and the tax liability.
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $640,000
Less: Cost of goods sold 245,000
Gross profits $395,000
Less: Other operating expenses 120,000
EBITDA $275,000
Less: Depreciation and amortization 18,000
EBIT $257,000
Less: Interest 87,500
EBT $169,500
Less: Taxes $35,595 ($169,500 x 21%)
Net income $133,905 ($169,500 - $35,595)
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a hospital arranges with an hmo to provide hospital care to the hmo's members at a specific rate per member, per month. during june, the hmo paid the hospital $850000, in accordance with the agreement. the hospital's cost accounting records showed that, if it had billed the hmo in accordance with its established billing rates, it would have billed the hmo $975000. prepare the appropriate journal entry (or entries) to record this transaction.
A financial record you can use to keep track of unrecorded transactions is an adjusting journal entry. Accrued costs, accrued income, provisions, and deferred income are a few examples of common adjusting journal entries. The Following are required journal and adjustment entries for HMO revenue.
Record the payment received from the HMO:
Cash 850,000
HMO Revenue 850,000
Cash 125,000
Allowance for Contractual Adjustments 125,000
Adjusting entries are modifications to previously written diary entries. They specifically check that the values you have recorded correspond to the appropriate accounting periods. Journal entries keep track of the flow of money into and out of your firm as well as between various accounts.
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A prepared speech delivered without notes, or with minimal notes is called a(n) __________________ speech.
a. impromptu
b. manuscript
c. memorized
d. extemporaneous
Answer:
D. extemporaneous
Explanation:
The Gerding Company discovered these errors made in year 3: Failed to record Unearned Revenue: $15 Failed to record Accrued Interest Expense: $7 Year 4 Net Income will be:
Answer:
Overstated $8
Explanation:
Calculation for Gerding Company Net income
Using this formula
Net income =Failure to record Unearned Revenue - Failure record Accrued Interest Expense
Let plug in the formula
Net income =$15-$7
Net income =$8
Therefore Gerding Company Net income will be an overstated of the amount of $8
During civil lawsuit, proceedings regarding alcohol, service courts will try to determine if the
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the designated driver was present and remained sober.
How do courts determine the presence and sobriety?During civil lawsuit proceedings involving alcohol service, courts aim to establish whether a designated driver was present and this determination is crucial in cases where establishments or individuals are being held accountable for over-serving alcohol to a patron who later caused harm or injury due to impaired driving.
The court may consider various forms of evidence such as witness testimonies, surveillance footage, receipts indicating non-alcoholic purchases or the designated driver's own account of their sobriety. It court may evaluate the credibility and reliability of the designated driver's actions and statements throughout the relevant time period.
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By attending to the aesthetic appeal of Internet ___________, we can target niche groups that are often elusive, when it comes to Internet marketing. Choose one • 5 points subcultures mobile data connection speed broadband
Answer:
subcultures
Explanation:
Internet subculture is a new way of living that was enabled and enhanced because of access to the internet. Sometimes, they are specific to certain groups of people. Prior to the advent of the internet these subcultures were in little or no use. Examples are the advent of memes and hashtags.
Trending topics on most social media platforms incorporate the use of hashtags which were not in use before now. To be successful in internet marketing, it is necessary to have a good mastery of internet subcultures.
How did Bill Gates use the free enterprise system to gain success? Explain how he started and where he is now, provide examples.
The free enterprise system allows for an individual and consumers economic freedoms with little to no restrictions from the government. This contributed to Bill Gates success in the American sphere.
How did Bill Gates use free enterprise system to gain success?In a free enterprise system, multiple firms are constantly competing for profits; as a result, businesses try to meet market demand at an affordable price.
Bill Gates founded Microsoft by understanding market demands and providing consumers with what they needed at lower prices. However, the company's success can be attributed to the free enterprise system in the United States, which allowed Bill Gates to make decisions that were best for his company's welfare.
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what is water mill? which force helps to run this mill
Explanation:
Mill that is being operated by the combine infrastructure having something like turbine fitted so as to run the attach crusher or something else, where trubine is rotated by water's kinetic energy is consider to be WATER MILL.
The force required to run this mill is being supplied by the kinetic energy of water.
QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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6. Why do employees often feel that appraisals “highlight all the bad things they did all year?”
Answer:
Explanation:
Performance appraisal is the method by which the performance of an employee is determined by the employer. It's main purpose is to eliminate the performance deficiencies of the employees. It is a part of career management.
The appraisals stress on the need to have more efficient employee and the deficiencies of the employee pointed out by the appraisal are overcome by the employee by taking the required training. Thus the employees feel that appraisals highlight all the bad things they did al year.
evaluate the effects of many sources of power in the economy
The four production factors—natural resources, labor, capital equipment, and entrepreneurship—are what largely determine a country's economic power if GDP per capita growth is the primary metric.
A variety of electricity sources can have distinct consequences on an economy. These power sources can include, among others, the government, businesses, labor unions, financial institutions, and consumer advocacy organizations.
Governments have the authority to influence economic policy through laws, regulations, and fiscal and monetary policies. Taxation, government spending, interest rates, and other elements that affect the broader economy can be impacted by these policies.
Investing in infrastructure, generating jobs, and promoting economic growth are all things that entrepreneurship can do. On the national economy and local communities, their decisions about employment, pay, investment, and production may have a big impact.
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In a statement of approximately 75 words explain why the economic systems in countries with dictatorships or closed systems of government tend to be less prosperous and do not have healthy economic policies or markets.
The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.
Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:
The country does not trade with others.There are no exportations and importations.All the good citizens buy are produced within the borders of the country.These characteristics have been found to have mainly a negative effect because:
The country cannot obtain profits from trading with others.Manufacture and products are limited by those found inside the nation.Economic crises are difficult to overcome due to a lack of resources or support from other nations.Learn more in: https://brainly.com/question/23353220
The degree of general importance that working has in the life of an individual at any given point in time is called ________.
a. intrinsic motivation
b. extrinsic motivation
c. self-actualization
d. work centrality
Answer: Work centrality
Explanation:
The degree of general importance that working has in the life of an individual at any given point in time is called work centrality.
Work centrality has to do with how work plays a vital role in the lives of individuals. It is believed that work is important as it helps one meet the financial obligations through the revenue earned while working and other important things.
Answer:
work centrality
Explanation:
indicate how resources will be allocated in a market economy
Answer:
In a free market economy, resources are allocated through the interaction of free and self-directed market forces. This means that what to produce is determined consumers, how to produce is determined by producers, and who gets the products depends upon the purchasing power of consumers
Geoffrey brought $50,000 into his business at the start of the accounting period. During the year, he needed $5,000 for a personal emergency. He borrowed this money from the business’s accounts. Under which accounting heads will the business record these transactions?
Geoffrey’s business will credit $50,000 to the
account and debit $5,000 from the
account.
Answer:
50,000 would be Capital and 5,000 would be drawings.
Explanation:
Get in the habit of using the term "we" rather than "I" when
referencing ideas/research throughout the presentation and the Q/A. True or false ?
The answer is true. Through a presentation, a speaker imparts knowledge to an audience. The typical goals of a presentation are to inform, persuade, inspire, motivate, foster goodwill, or propose a novel concept or service.
Speeches, introductions, lectures, and demonstrations are all examples of presentations. Divide your audience into these three categories to better focus your message: You must include an introduction, a body, and a conclusion in audience presentation. An intriguing start. Explain why your audience will find what you're about to talk about in your introduction valuable or important while providing a brief summary of it. Give the supporting information in a body.
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define Understanding current customers in environmental scanning
Answer:
Found this off of google, "Having informal conversations with other executives; Reading secondary sources such as web articles, newspapers, magazines and journal literature; Monitoring demographic data; and. Benchmarking initiatives that compare one company's or industry's performance, finances, etc., to another company or industry."
I know this isn't the exact thing you were looking for but here this is.
Hope this helps, have a great day, have a wonderful weekend and stay safe!
Also Happy Halloween! :) :D :3
Investments can help a business increase productivity by:
A. offering the business more efficient ways to make
B. eliminating the need for any input when creating pr
O C. making it possible for the business to ignore oppor
D. creating goods outside the production possibilities
Answer: A
Explanation:
Present a model of the labour market and use its equilibrium to derive an aggregate supply relation of the form y, = y* +8(p: - E-P), where 0
The model of labor market helps to understand the state of equilibrium and making a decision for labor demand and supply in an economy by firm.
What is the Model of labor market?The model is created based on the supply and demand of labor, that is, the way at which the employees provide the supply and the employers provide the demand.
In economics, the labor market is at equilibrium if the supply=demand, that is, the E* workers are employed at a wage of w*.
Hence, the model of labor market helps to understand the state of equilibrium and making a decision for labor demand and supply in an economy by firm.
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How would you describe the general concept of business? What are the characteristics of businesses and the world of business? Identify at least three characteristics of business and briefly explain each.
The general concept of the business is the without risk no gain profit.
There are characteristics of businesses and the world of business are:
Buying and SellingContinuous processProfit MotiveThere are three characteristics of the business are:
Customer satisfaction.Creative and Dynamic.Economic activity.What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
The main concept of the business is they earn profit and the risk in the business.
There are the important characteristics are the world of business is the process of the buying and the selling, it was the never ending process, the main motive is the earn profit.
There are the three characteristics of the business are:
Customer satisfaction:- Customer are the satisfy the goods and the services. Creative and Dynamic:- The business are the dynamic to the change of external factors.Economic activity:- The production and the distribution based.As a result, the significance of the business are the aforementioned.
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1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
Julia knows that investing in just one company is risky since there’s a chance that the stocks value could decrease. What are some ways she can minimize her risk?
In a case whereby Julia knows that investing in just one company is risky since there a chance that the stock's value could decrease some ways she can minimize her risk are to;
he Have a diversified portfolio of investments. Know t investment goals and Keep a close eye on your investments.What is the essence of Minimizing risk?When we want to Minimize risk , it implies that we want to reduce the likelihood of facing liability claims and in doing this we will be able to maintain reasonable premium prices.
Hence , when the organization understand as well as control risks it will bring more confidence and help in making decision with respect to right business decisions.
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A company‘s office supplies account shows beginning balance of $730 and ending balance of $660. If office supplies expense for the year is $3750, what amount of office supplies was purchased during the period?
A company’s office supplies account shows a beginning balance of $730 and an ending balance of $660. The number of office supplies purchased during the period is $3680.
What is an office supply account?Office supplies are the supplies that are purchased for office work. This includes office expenses and here we are calculating the office expenses n office supplies.
Given: A company’s office supplies account shows a beginning balance of $730.
Ending balance of $660
$730 - $660 = $70
Supplies expenses of the year are $3750
$3750 - $70 = $3680
Therefore, the amount of office supplies purchased during the period is $3680.
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How to start a hotel business
Answer:
Franchise or your own?
Explanation:
Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equipment, net of $624,000 accumulated depreciation 925,000 Total assets $ 1,243,800 Liabilities and Stockholders' Equity Accounts payable $ 259,000 Common stock 760,000 Retained earnings 224,800 Total liabilities and stockholders' equity $ 1,243,800 Q: What is the cost of December merchandise purchases
Answer:
so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny
make this simple and not hard i cant answer this
Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?
Reggie's medical expense deduction is $7,276.
AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.
Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:
Drugs (prescribed by physicians): $5,701
Marijuana (prescribed by physicians): $1,470
Health insurance premiums-after taxes: $1,280
Doctors' fees: $1,320
Eyeglasses: $445
Over-the-counter drugs: $270
Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.
Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486
Reimbursements: $570
Medical expenses after reimbursements: $10,486 - $570 = $9,916
To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.
Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.
Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.
Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276
Therefore, Reggie's medical expense deduction is $7,276.
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What should you include on an income statement?
Select all correct answers.
1. income
2. expenses
3. net profit
4. all assets
All of the factors that have to be included in the income statement are:
1. income2. expenses3. net profitWhat is meant by the income statement?This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.
Hence we can say that All of the factors that have to be included in the income statement are:
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how does a cookie work?
I believe you eat it.
A cookie is a file that a website you visited saves to your computer's hard drive. When you return to the website later, it will be able to look at that file and recall what you had previously entered. The cookie often contains data such as your user name, the goods you looked at, and the settings you selected on the website. Some people want to deactivate cookies for all websites or only those they don't trust. .Cookies are beneficial because they help websites remember and monitor users without the need for a large database or server. Cookies are harmful because they could include information about you that you don't want other websites or hackers to know. Some people want to deactivate cookies for all websites or only those they don't trust. Additionally, it's not a terrible idea to occasionally erase all of your cookies or allow your firewall or anti-virus software wipe them up. A Stateless Protocol is what the web's primary language, HTML, is. Simply put, this basically implies that no data is kept between page loads. If cookies didn't exist, it would be difficult to continue to be logged in to a website. When you log in to a website (or even just visit, depending on the data they gather), a cookie is sent to your computer and kept there. All subsequent queries to that website made by your browser will include that cookie. The website recognizes you even if you are still on the other side of the connection thanks to the cookie value. Cookies are what allow the website to recognize you, and they may also be used to store and transmit information back to the website.
Think of examples in real life of goods disappearing from the market because buyers stop buying them.
Goods disappearing from the market because buyers stop buying them can occur due to low demand.
Goods disappearing from the marketProducts or goods can tend to disappear from the market due to low patronage from consumer or because buyers stop buying them.
Example a soap that is not working effectively or which tend to cause rashes whenever consumers use them can tend to disappear from the market.
Reason being that the buyers will stop buying those soap due to it effect on the skin and when buyers stop buying the soap this tend to lead to decrease in sales of that soap in the market.
Hence the company will no longer produce the soap because of low patronage from buyers and before you know it the soap will no longer be see or be found in the market.
Inconclusion Goods disappearing from the market because buyers stop buying them can occur due to low demand.
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