Given the elasticity of demand, marginal cost, and average cost, the profit-maximizing markup price is $8. Thus, option a is correct.
The profit-maximizing markup price can be calculated using the formula:
Markup = (1/|Elasticity of Demand|) x (Marginal Cost/Average Cost) x Average Cost
By substituting the given values, we get:
Markup= (1/|-2|) x ($4/$6) x $6 = 1/2 x 2/3 x 6 = $2
Therefore, the profit-maximizing markup price can be calculated by adding the average cost and the markup, which is:
$6 + $2 = $8.
Thus, given the elasticity of demand, marginal cost, and average cost, the profit-maximizing markup price is $8. The correct answer to the given question is option a.
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profit is the only
Organizational objectives of the business.Do you agree
Explanation:
I agree because without profit what's the use of the business
Which of the following are good candidates for a primary key field for a Customer table? Select all the options that apply. A. CustomerID C IdentificationNumberB.Name
Good candidates for a primary key field for a Customer table identification Number and Primary Key are both viable options for a customer table's primary key field. The correct answer is C Identification Number.
The primary key's purpose and which field in the Employee table should it be the table's data and records are given a unique code via the primary key.
The Employee table's main key should be the Social Security Number. Each person assigned to the sheet has a unique code. Specify a potential key. A collection of numerous characteristics (or a single feature) that help clearly distinguish the tuples existing in a table or relation is another name for a candidate key.The "customerid" field in the customers table is the greatest option for indexing to enhance database speed.
Complete question:
Which of the following are good candidates for a primary key field for a Customer table? Select all the options that apply.
A. CustomerID
B. Securities number
C Identification Number
D.Name
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What is the difference between a routine and a major decision
Answer: routine decision- the type made every day without much though
planned decision- use more time and energy to make the best choice
Explanation: i really hoped it helped.
The marketing team of Kyns Technologies needed more funds to carry out market research for one of its new products. The research and development team also needed funds to improve the company's existing products. The teams decided to split the company's funds so that both teams could use them, but not optimally. Which of the following concepts does this scenario illustrate? A. Despotism B. Compromise C. Repression D. Domination
Answer: compromise
Explanation:
Compromise refers to a scenario whereby a deal is made between different parties and in such scenario, each party gives up part of their demand. It simply means finding agreement through communication.
Since despite the need of the marketing team and the research team, both teams decided to split the company's funds so that both teams could use them, but not optimally. This is referred to as compromise.
Answer:
Compromise
Explanation:
When agreement is made or a conclusion is reached between tow different parties or wings, such that each of the agreeing parties has to shelve a certain part of its plans or demand in other to reach a reasonable conclusion. This idea shelving or cutting down on intention or projects by each party is called compromise. In the scenario, both the marking and research and development teams needed funds, however, due to inadequate provision, they had to agree on rationing what is available even though an optimal usage would be very unlikely.
f carissa has a $141,000 home insured for $105,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a $7,600 claim?
The insurance company would pay $7,066.92 on a $7,600 claim.
To calculate how much the insurance company would pay on a $7,600 claim, we need to first determine if Carissa's home meets the coinsurance requirement.
The coinsurance requirement means that Carissa must insure her home for at least 80% of its replacement value, which in this case is $141,000 x 80% = $112,800.
Since Carissa's insurance coverage is $105,000, which is less than the required amount of $112,800, she is underinsured. As a result, any claim payment she receives will be subject to a coinsurance penalty.
To calculate the penalty, we need to determine Carissa's coinsurance percentage, which is the ratio of her insurance coverage to the required amount:
Coinsurance percentage = (Insurance coverage / Required amount) x 100%
= ($105,000 / $112,800) x 100%
= 93.07%
This means that Carissa's insurance coverage is only 93.07% of the required amount, so her claim payment will be reduced by the same percentage.
To calculate the amount the insurance company will pay on a $7,600 claim, we need to multiply the claim amount by Carissa's coinsurance percentage:
Insurance company payment = Claim amount x Coinsurance percentage
= $7,600 x 93.07%
= $7,066.92.
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The insurance company would pay $7,056.74 on a $7,600 claim for Carissa's underinsured home. The remaining $543.26 would be Carissa's responsibility to cover.
To calculate the amount that the insurance company would pay on a $7,600 claim for Carissa's home, we first need to determine if the current insurance coverage meets the 80 percent coinsurance provision requirement.
The 80 percent coinsurance provision means that Carissa must insure her home for at least 80 percent of its replacement cost value. In this case, Carissa's home is insured for $105,000, which is less than 80 percent of its replacement cost value of $141,000. As a result, Carissa's home is considered to be underinsured.
To determine the amount that the insurance company would pay on a $7,600 claim for Carissa's underinsured home, we need to use the following formula:
Amount of insurance carried / Amount of insurance required x Amount of loss = Payment amount
In this case, the amount of insurance carried is $105,000, the amount of insurance required is $141,000 x 0.8 = $112,800, and the amount of loss is $7,600.
Plugging in these values to the formula, we get:
$105,000 / $112,800 x $7,600 = $7,056.74
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Which of the nafta members benefited the most from this free trade agreement by securing preferential treatment for 80% of its exports?
The Mexico NAFTA members benefited the most from this free trade agreement by securing preferential treatment for 80% of its exports.
NAFTA grow to be a landmark opportunity deal between Canada, Mexico, and America that took impact in 1994. It contributed to an explosion of exchange between the three nations and the mixture of their economies however have become criticized inside the united states of America. for contributing to process losses and outsourcing.
The correct solution is A) China. The North American unfastened change agreement, moreover called NAFTA, got here under pressure in 1994 and its crucial aim turned into selling, creating, and facilitating forex amongst Mexico, Canada, and the USA. consequently, China modified into now not protected in it.
U.S. farm exports to Canada and Mexico quadrupled from $eleven billion in 1993 to $ 40-three billion in 2016. 20 It made up 25% of usual meal exports and supported 20 million jobs. This change leveraged another $ fifty-four. 6 billion in enterprise funding. NAFTA improved farm exports because it eliminated immoderate Mexican price lists.
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Tasks performed by a housekeeper might include:
A.) check-in guests
B.) vacuum
C.) replace bedcovers
D.) dust
(please help :D)
Answer:
c and d
Explanation:
Answer:
b, c, or d................
It was the third meeting, but the group had finally agreed on the roles for each member. Cathy felt good about how things were progressing. It seemed that the conflicts had been resolved; Bella and Lewis had actually arrived on time with their tasks completed. Cathy felt they were now a team. They were now in the ________ stage.
Answer: norming
Explanation:
The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.
At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.
A federal tax is paid to:
A. the state government only.
B. the federal government only.
C. both the federal and state government.
D. international government organizations.
Answer:
I think it's B. and C. but I really think it's B. the federal government only.
A federal tax is paid to the federal government only. Thus, the correct answer is option B.
What is the federal tax?
Federal taxes are levied by the federal government rather than the state or local governments. The most typical sorts of federal taxes we will encounter are personal income tax and payroll tax. If the government does not use federal tax income properly, it will have a negative impact on the economy.
The Internal Revenue Service (IRS) levies a federal income tax on the annual profits of individuals, businesses, trusts, and other legal entities in the United States. Wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income are all subject to federal income taxes as part of a taxpayer's taxable income.
Therefore, the federal government is responsible for collecting the federal tax.
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are partnerships that provide professional and noncommercial assistance or advice.
Trading partnerships
Non-trading partnerships
General partnerships
Hi Special partnerships
Answer:
Non-trading partnerships
Explanation:
The non-trading partnership is a partnership that provides the professional and uncommercial advice or suggestions in terms of legal, medical, accounting, etc. Here all the partners have an active role for managing the business also they have unlimited liability with respect to any claim that against the firm
Therefore as per the given situation, the second option is correct
Expected volume of output, degree of equipment flexibility, and variety of products/services offered are the main demand factors impacting process selection. O True O False
True. The expected volume of output, degree of equipment flexibility, and variety of products/services offered are key demand factors that impact process selection in operations management.
Expected volume of output refers to the estimated amount of products or services that a company is expected to produce or offer within a given period. This factor impacts the process selection as it determines the type of process that will be most efficient in meeting the required output volume. For instance, high-volume production requires a different process from low-volume production.
The degree of equipment flexibility refers to the extent to which equipment can be adjusted or modified to suit different production needs. This factor impacts process selection as it determines the ability of the company to adapt to changes in demand, especially when there is a need to produce different products.
Finally, the variety of products or services offered by a company also impacts process selection. A company that offers a wide variety of products or services will require a process that can handle diverse product types. This factor influences the choice of process in terms of the ability to handle different products without compromising efficiency.
In conclusion, the expected volume of output, degree of equipment flexibility, and variety of products/services offered are critical demand factors that should be considered in the process selection process.
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in chapter 4, what is an example of erm within statoil that displays the conflict of the overall company risk management decisions as opposed to individual business segment risk management decisions? question 8 options: a) the balance sheet analysis per segment as opposed to a consolidated balance sheet b) the income statement analysis per segment as opposed to a consolidated balance sheet c) the use of the risk map for individual risk questions d) the strategic risk specifications chart e) the company key performance indicators (kpi) and balanced scorecards are both measured on a segment and consolidated company basis
The example of erm within Statoil that displays the conflict of the overall company risk management decisions as opposed to individual business segment risk management decisions is e) the company key performance indicators (KPI) and balanced scorecards are both measured on a segment and consolidated company basis.
This conflict arises because the KPIs and balanced scorecards may show strong performance for a particular segment, while the overall company risk management strategy may require a different approach to mitigate risks across all segments. This highlights the need for effective communication and collaboration between individual business segments and the overall risk management team at Statoil.
In Chapter 4, an example of Enterprise Risk Management (ERM) within Statoil that displays the conflict of the overall company risk management decisions as opposed to individual business segment risk management decisions is option
This conflict arises because KPIs and balanced scorecards are used to evaluate performance and risk at both the segment and overall company levels. Individual business segments might have different risk tolerances and objectives compared to the overall company, leading to potential conflicts in risk management decisions.
Therefore, the correct answer is option e. the company key performance indicators (kpi) and balanced scorecards are both measured on a segment and consolidated company basis.
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What are three critical questions that entrepreneurs need to ask themselves while starting a business? Which location would be the most advantageous for my business? What business structure would best suit my business? Which recruitment agency should I use for hiring workers? How many paid leaves can I give my employees in a year? What is the total cost of ownership of my capital purchases?
Answer:
1.) Which location would be the most advantageous for my business.
2.) What business structure would best suit my business?
3.) What is the total cost of ownership of my capital purchases
Explanation:
Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. A locaction which is accessible and also harbors the business choice of consumer.
2.) Business Structure : Careful planning, perusal and adoption of a model for one's business is a very essential decision to be at the beginning of a startup. Entrepreneurs may need to decide if embarking on a business alone or partnering with an already existing company or partner will reap the most benefit.
3.) Cost of ownership of capital purchase:
Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business. Estimating the cost is very important while preparing for begin a start-up.
The three critical questions that entrepreneurs need to ask themselves while starting a business is as follows:
1.) Which location would be the most advantageous for my business.
2.) What business structure would best suit my business?
3.) What is the total cost of ownership of my capital purchases
The explanation is as follows:
Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. Business Structure : Careful planning of a model for one's business is a very essential decision to be at the beginning of a startup. Cost of ownership of capital purchase: Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business.learn more: https://brainly.com/question/2514933?referrer=searchResults
John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
John from sales has just sent you an e-mail. He needs a decision made on the Johnson account as soon as possible. You can make the decision, but you feel like you’d like to ask your boss for her advice. Unfortunately, she is in a business meeting, and the decision needs to be made very soon. You decide to take the initiative and ______.
a.
Interrupt your boss to make the decision
b.
Ask a coworker to make the decision
c.
Wait to make the decision
d.
Make the decision
Answer:
I believe the answer is D.
Explanation:
When you take initiative, it means you have to make a decision on your own.
The above thing regarding the decision-making was that Unfortunately when the boss was in a meeting, the decision was made me. Hence, fill in the gap - You decide to take the initiative and make a decision. This feature is known as the Decision making.
What is the meaning of Decision making?Decision-making is an important moral part of the life of any individual. Decision-making has over the years helped the living condition of human beings to get smoother and smoother.
In the case of Decision making the most important thing was to understand the fact whether the individual was talking for the oneself and the other important fact or reason is that people have been more interested in their lives and also, the motive which the yes or no depends.
Decision-making is an human perspective of the thought process regarding thee right or wrong. Hence, option D is correct.
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Which element will you include to present numerical data visually on a slide? A. graph B. text C. flowchart D. audio clip
A graph represents numeric data in a visual format. Graphs make information easier to present on a PowerPoint.
The correct option A.
We can include a graph to present numerical data visually on a slide.
How do you describe a presentation in a graph?Tips and phrases for explaining graphsClearly introduce graph. Be sure to clearly introduce the title or topic at the beginning. Keep language simple. Remember, the aim is to help people understand your graph, not to make long, complex sentences. Use pointing effectively. Use hedging.What is the purpose of plot graphs?A plot is a graphical technique for representing a data set, usually as a graph showing the relationship between two or more variables. The plot can be drawn by hand or by a computer. In the past, sometimes mechanical or electronic plotters were used.
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Need help?????!!!!!!
Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $18000 of materials, $13000 of direct labor costs, and $8000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $12000, and the ending balance is $9000. During the year, the company completed 25 machines. How much is the cost per machine
Answer:
Cost per machine $1,680
Explanation:
The computation of the cost of the machine is given below:
Beginning work in process $12,000
Direct material $18,000
Direct labor $13,000
Overhead $8000
Less: Ending work in process -$9,000
Cost of goods manufactured $42,000
Divided by Unit 25
Cost per machine $1,680
hence,the same should be relevant
Explain average variable cost businesses experience
The average variable cost businesses experience can be described as the variable costs per unit of output and this can be interpreted as the production incurred by a business.
What is average variable cost?The entire variable cost per unit of production is known as the average variable cost (AVC). Total variable cost (TVC) divided by total output (Q) yields this result. Total variable cost (TVC) is the sum of all costs, including materials and labor, that fluctuate with output.
Variable costs per unit of output, which may be understood as the production expenses incurred by a business, can be used to represent the typical variable costs businesses experience.
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Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.
Answer:
C or A
Explanation:
I could answer better with more context
Ben’s broker charges a commission of $125 for every $1,000 of stock bought or sold. ben bought 442 shares of xyx motors when the share price was $15.67, and sold them when the share price was $23.14. how much profit did ben make?
a. $10,227.88
b. $8,083.62
c. $1,157.48
d. $3,301.74
Option c. $1157.48 is the correct answer. Ben made a profit of $1157.48 on the shares of XYZ motors
Commission on purchase or sale of $1000 stock = $125
Number of shares of XYZ motors bought = 442 shares
Price of the share = $15.67
Purchase transaction amount = 442*$15.67 = $6926.14
Number of shares sold = 442 shares
Price of share when sold = $23.14
Sales transaction amount = 442*$23.14 = $10227.88
Total transaction amount of sales and purchases = $6926.14 + $10227.88
= $17154.02
Commission paid on $17154 worth of transaction = $17154*125/1000 = $2144.25
Profit earned by Ben = Sales amount - Purchase amount - Commission paid
= 10227.88 - 6926.14 - 2144.25
= $1157.48
So, profit made by Ben on the shares is $1157.48
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2. Optimal Portfolio: Edgar has three assets he can invest in: A risky stock with an expected return of 11% and a standard deviation of 14%, a risky bond with an expected return of 7.5% and a standard deviation of 9%, and a riskless bond with a return of 5%. The risky stock and risky bond have a coefficient of correlation of 0.31. a. 15 points. What is the expected return and standard deviation of the optimal risky portfolio? b. 15 points. What percentage of his money should Edgar put into each of these three investments if his coefficient of risk aversion is 3.4? c. 15 points. In the context of these models, what does a weight of less than 0 mean? What does a weight of more than 1 mean? What obstacles might you run into in the real world if you tried to build a portfolio with weights of less than 0 or greater than 1?
a. The expected return and standard deviation of the optimal risky portfolio cannot be determined without information on the investor's risk preferences and the risk-free rate.
b. The percentage allocation of funds to each investment depends on the investor's coefficient of risk aversion, but without that information, the specific weights cannot be calculated.
c. Weights less than 0 imply short selling or borrowing, while weights greater than 1 indicate leverage. Building portfolios with such weights can be challenging due to regulatory constraints, margin requirements, liquidity limitations, and increased risk.
a. To calculate the expected return and standard deviation of the optimal risky portfolio, we need to use the concept of portfolio diversification and the principles of modern portfolio theory. The optimal portfolio is determined by finding the combination of risky assets that provides the highest expected return for a given level of risk.
- Risky stock: Expected return = 11%, Standard deviation = 14%
- Risky bond: Expected return = 7.5%, Standard deviation = 9%
- Riskless bond (risk-free asset): Return = 5%
We also know the correlation coefficient between the risky stock and risky bond, which is 0.31.
To find the optimal portfolio, we need to consider the risk preferences of the investor. However, without information on the investor's risk preferences or the risk-free rate, we cannot determine the specific weights and expected return of the optimal portfolio.
b. To determine the percentage of money Edgar should allocate to each investment, we need to use the concept of the investor's coefficient of risk aversion. The coefficient of risk aversion measures an investor's willingness to bear risk.
A coefficient of risk aversion of 3.4, we can calculate the optimal portfolio weights using the Capital Allocation Line (CAL) equation:
Weight of risky stock = (Expected return of risky stock - Risk-free rate) / (Coefficient of risk aversion * Variance of risky stock)
Weight of risky bond = (Expected return of risky bond - Risk-free rate) / (Coefficient of risk aversion * Variance of risky bond)
The weight of the riskless bond will be the remainder (1 - weight of risky stock - weight of risky bond).
c. In the context of portfolio weights:
- A weight of less than 0 means that the investor has a short position or has borrowed money to invest, which implies selling assets they don't own. This is not common in traditional investment portfolios and is more associated with advanced trading strategies or derivatives.
- A weight of more than 1 means that the investor has leveraged their investment by borrowing money to invest more than their available capital. This amplifies both potential gains and losses.
In the real world, building a portfolio with weights less than 0 or greater than 1 can be challenging due to practical limitations and constraints. Some obstacles include:
- Regulatory constraints: Many investment regulations limit the extent of leverage and short selling activities.
- Margin requirements: Borrowing funds to invest usually involves margin requirements and additional costs.
- Availability of borrowing and lending opportunities: It may be difficult to find lenders or borrowers for certain assets or in certain market conditions.
- Increased risk and potential losses: Leveraging investments magnifies both gains and losses, leading to higher risk exposure and potential financial challenges if the investments perform poorly.
- Market liquidity: Trading large positions or engaging in short selling may be constrained by the liquidity of the underlying assets.
Overall, portfolio weights less than 0 or greater than 1 deviate from conventional investment practices and are typically associated with more sophisticated investment strategies and specialized trading approaches.
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Explain why it is important for the sales department to do a customer follow-up
Answer:
The follow-up adds value to the service or product the customer purchased from you and gives you an opportunity to build a relationship that could lead to additional sales from the same consumer and referrals to more potential clients.
Explanation:
only a few state in america have adopted a doctrine of employment at will, giving employers little latitude in dismissing employees. true or false
The statement that "only a few states in America have adopted a doctrine of employment at will, giving employers little latitude in dismissing employees" is false.
Why is it false?In fact, all 50 states in the United States have adopted the employment-at-will doctrine, either in whole or with some exceptions. This doctrine allows employers to dismiss employees for any reason, or no reason at all, as long as it doesn't violate any federal or state laws or contractual obligations.
However, many states have adopted exceptions to the doctrine, such as the public policy exception, the implied contract exception, and the covenant of good faith and fair dealing exception.
These exceptions provide some protection for employees from arbitrary dismissal.
Hence, the statement is false.
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Which of the following is NOT one of the differences between free and paid e-mail services? answer choices. A. Speed. B. Storage size. C. Privacy. D. Advertising.
The correct answer is A. Speed. Speed is not typically a difference between free and paid e-mail services. However, the differences between free and paid e-mail services include storage size, privacy, and advertising. Paid e-mail services typically offer more storage space and better privacy options, while free e-mail services often include advertising to support the service.
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Charge cards require the cardholder to pay the full balance each due date.
True
or
False
issues analysis is typically the first step in the process of issues management
False. Issues analysis is not typically the first step in the process of issues management.
The process of issues management typically begins with issue identification, followed by issues analysis. Issue identification involves identifying and recognizing emerging or potential issues that may impact an organization's reputation, operations, or stakeholders. This step involves actively monitoring the external environment, engaging with stakeholders, and conducting research to identify issues of significance.
Once issues are identified, the next step is issues analysis. Issues analysis involves gathering and analyzing information about the identified issues to gain a deeper understanding of their nature, potential impact, stakeholders involved, and underlying causes. This analysis helps organizations assess the urgency, importance, and potential consequences of each issue and prioritize their management strategies accordingly.
Therefore, while issues analysis is a crucial step in the overall process of issues management, it typically follows issue identification and is not the first step in the process.
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sherman shoe company provides the following particulars for the current year: actual selling price $70 budgeted selling price $75 actual units sold 1,200 units budgeted sales 1,000 units what is the selling-price variance for the year for sherman shoe company?
The selling-price variance for the Sherman Shoe Company is $600. This is calculated by taking the budgeted selling price multiplied by the difference between the actual and budgeted units sold,then subtracting the actual selling price multiplied by the difference between the actual and budgeted units sold.
What do you mean by selling-price?
Selling price is the amount of money that a seller charges for a product or service. It is the price at which goods or services are sold on the open market. It is set by the seller and may include additional costs such as taxes, shipping, and discounts. The selling price is typically based on the cost of the product or service, the overhead associated with providing the product or service, and the amount of profit desired by the seller. The selling price is usually the same or higher than the original cost of the product or service. Factors such as supply and demand, competition, and market trends can affect the selling price of a product or service.
So, the required answer is $600.
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Strong brands a. are a liability. b. guarantee success for a company. c. are the most significant barrier to entry in the market. d. deliver greater returns with less risk.
Answer:
d. deliver greater returns with less risk.
Explanation:
Strong brands are known to have a lot of positives, which includes representation of individuals or customers' viewpoints of the company's services, status, logo, and publicity. One of the main purpose of branding is to increases the value of a company, gives employees adequate guidance and motivation, and makes obtaining new customers easier.
Hence, the right answer among the available options is "deliver greater returns with less risk."
Answer:
d. deliver greater returns with less risk
Explanation:
A brand is a product, person, or service that has a unique name or symbol that differentiates it from others in a market. It makes a particular product stand out from others.
Companies use brands to increase competitive advantage by conveying a unique quality or trait with that particular brand.
Strong brands are those that perform well over a long period of time and conveys its uniqueness at all touch points with the customer.
So strong brands ensure delivery of greater returns with less risk.
a ________ of a manager-managed llc owes no fiduciary duty of loyalty or care to the llc or its other members and is treated equally to a shareholder in a corporation.
A minority member of a manager-managed LLC owes no fiduciary duty of loyalty or care to the LLC or its other members and is treated equally to a shareholder in a corporation.
In a manager-managed LLC, the members appoint one or more managers to handle the day-to-day operations of the business. The managers owe a fiduciary duty of loyalty and care to the LLC and its members, meaning they must act in the best interests of the company and exercise reasonable care in their decision-making.
However, a minority member who has no management responsibilities does not owe these same duties because they are not involved in the management of the company. Instead, they are treated similarly to a shareholder in a corporation, with their rights and obligations spelled out in the LLC's operating agreement. This typically includes the right to vote on major decisions, receive dividends, and share in the profits and losses of the company.
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What sports have been founded by an entrepreneur?
An individual who plans, manages, and takes on the risk of a sport-related business enterprise is known as a sports entrepreneur. There are numerous instances of professional players succeeding in business after leaving sports.
The most well-known professional sport players who successfully transitioned from athletics to entrepreneurship include Payton Manning, David Beckham, John Elway, Magic Johnson, and Venus Williams, to name just a few. Many of you are familiar with his court movements. It is less typical to be aware of his entrepreneur side. However, how many companies does Shaq actually own? Even though the solution is not obvious, it is still amazing.
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