if steak is a normal good, what do you suppose would happen to price and quantity during an economic recession?
Answers
During an economic recession, the price and quantity of steaks would be likely to decrease. This is because people tend to cut out back on the items that are not considered essential during the period of economic downturn.
When people have less money with them to spend on goods and services, the demand for normal goods just like steak gradually starts falling. As demand falls, so does the amount of steak produced and this lead to the price of steak to fall. In addition to it, businesses may lower their prices in an attempt to get attracted by more customers, which further lowers the price of the steak.
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Related Questions
Insurance can help with ???
Answers
Answer:
B. In an emergency
Explanation:
Insurance is purchased to protect things that you own
a company's net sales were $695,000, its cost of goods sold was $239,770 and its net income was $43,600. its gross margin ratio equals:
Answers
Based on the provided information, the gross margin ratio for this company is 0.655, or 65.5%.
The gross margin ratio of a company is calculated by dividing its gross profit by its net sales. Gross profit is the difference between net sales and cost of goods sold.
To calculate the gross margin ratio for this company, we first need to find its gross profit:
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $695,000 - $239,770
Gross Profit = $455,230
Now we can calculate the gross margin ratio by dividing the gross profit by the net sales:
Gross Margin Ratio = Gross Profit / Net Sales
Gross Margin Ratio = $455,230 / $695,000
Gross Margin Ratio = 0.655
Therefore, the gross margin ratio for this company is 0.655, or 65.5%. This means that for every dollar of net sales, the company has a gross profit of $0.655.
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Gina and Henry were having breakfast when they decided they wanted to have pizza and watch a movie that night. When she got home from work, Gina turned on her computer, logged on to the Netflix site, and chose the movie Moneyball to view via online video streaming. Next she logged on to her favorite pizza restaurant's Web site and ordered a large pepperoni pizza and a bottle of soda to be delivered at 6:45 p.m. Gina and Henry enjoyed their evening. Which trend that influenced the development of services marketing is illustrated here
Answers
The trend that was vital in influencing the development of services marketing in this case is "the growth in the use of the technology based services".
Technology based services are useful in communication and the increase in the interactions between customers and businesses.In this case, technology based services such as computer, emails, website, video streaming, website etc are used for their communication and interactions.In conclusion, technology based services are essential in the way that people relate to each other.
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The ________ marketing strategy reverses the traditional model and is used by smaller companies to keep their product focused on a single concept
Answers
The bottom-up marketing strategy reverses the traditional model and is used by smaller companies to keep their product focused on a single concept.
What is top-down and bottom-up marketing strategy?Top-down approaches typically cover a broad range of macro variables, whereas bottom-up approaches are more narrowly focused. Top-down investing strategies typically seek to capitalize on opportunities that arise as a result of market cycles. Bottom-up approaches begin with local or company-specific variables and then work their way outward.
Bottom-up sales involve casting a wide net to capture a large number of leads, inviting them to use your product or service, and encouraging them to introduce your platform to their companies. This strategy makes use of one-to-many marketing, in which you target a larger group of people to buy, use, and profit from your product or service.
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What are the 3 Building Blocks of Debt
Answers
Answer: Earning, saving, and spending
Explanation:
Answer:
The three building blocks of debt are:
EarningSpendingSaving
What intermediaries never actually own the products they promote and sell?
Answers
Answer:
Agents
Explanation:
An agent is a person or entity that has been authorities to act on behalf of another person. Agents negotiate business deals and contracts with third parties on behalf of their clients.
In the chain of distribution, many manufacturers do not sell products directly to consumers. They engage intermediaries such as wholesalers, distributors, retailers, and agents to get their goods to the final consumers. A majority of these intermediaries buy in bulk, break the bulk and sell to other intermediaries or consumers. When they buy, they acquire title to the goods.
Agents do not acquire ownership of the goods because they do not buy. They only negotiate with consumers or intermediaries on behalf of the manufacturers.
where can i get my check engine light checked for free
Answers
What is the difference between the
Standard Unemployment Rate and the
Real Unemployment Rate?
Answers
Answer:
The U-3 is the rate most often reported in the media. For the U-3 rate, the Bureau of Labor Statistics only counts people without jobs who are in the labor force. The U-6, or real unemployment rate, includes the underemployed, the marginally attached, and discouraged workers.According to Santangelo, “the difference between the official rate of unemployment (14.7 percent) and what's referred to as U-6 (22.8 percent), which is much closer to the truth, is generally 10 percent.” The April jobs report showed the difference to be slightly less but still significant.
Explanation:
When discussing choosing a Cunningham for the jury, Atticus says, “When you analyze it, there was little risk. There’s no difference between one man who’s going to convict and another man who’s going to convict, is there? There’s a faint difference between a man who’s going to convict and a man who’s a little disturbed in his mind, isn’t there?
Answers
Atticus says they're pοοr grοwers, but want tο get by οn their οwn. Hοwever, they pay in crοps because that's all they can dο, If they need tο hire peοple.
Atticus has nοthing against the Cunninghams, but Scοut dοes n’t knοw any better. She said tο Calpurnia, “ he ain’t cοmpany, Cal, he’s just a Cunningham.
”She alsο says that he lοοks like he was raised οn fish fοοd. After Scοut explained why she was frenetic at Walter, he tοld her tο put herself in his shοes. That yοu nοway really knοw a persοn unless yοu see the wοrld in their pοint οf view.
The Finches are analοgοus tο the Cunninghams because bοth families are cοnsidered pοοr because οf the Great Depressiοn, indeed thοugh the Cunninghams have lοwer. The are different because οf sοcial class.
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With respect to bad debts, what is the allowance method
Answers
Answer:
The allowance method refers to one of the two ways for reporting bad debts expenses that results from a company selling goods or services on credit. A business will set aside a certain amount of funds to cover bad debts—or money that probably won’t be repaid to them—and is typically calculated as a percentage based on company sales (in a previous sales period) and specific customer risk assessment.
Heidi thought she had done everything right to prepare for her math test. She had studied over the last week instead of waiting till the last minute. She got eight hours of sleep, woke up early, and ate a nutritious breakfast. She got to her seat in class early with the materials she would need for the test. However, as the teacher began handing out the test, she panicked.
What could help Heidi reduce her test anxiety?
use flash cards to study for the test
eat something sugary for energy
do visualization and deep breathing
see herself doing poorly on the test
Answers
Answer:
C. do visualization and deep breathing
Explanation:
Edge 2021
Deep breathing and visualization is regarded as a proven method for the purpose of relaxation from the panic situations, and this must be done by Heidi to reduce her anxiety.
What are panic situations?The situations that may bring anxiousness in the regular course of life for a person are regarded as panic situations. This may happen on important occasion in the respective lives of people.
To get relaxed from the anxiety of such situations, like the math test of Heidi in the given example, she must practice deep breaths and visualize whatever her preparations have been for the test.
Hence, option C; Heidi shall practice things like deep breathing and visualization to get out of the anxiety she got in the panic situations of her math test.
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When toilet paper sales increase, quarterly economic growth tends to rise. this is an example of:________-
Answers
The statement "When toilet paper sales increase, quarterly economic growth tends to rise" can be seen as an example of a positive correlation between toilet paper sales and economic growth.
Correlation refers to a statistical relationship between two variables. In this case, the increase in toilet paper sales is associated with an increase in economic growth.
One possible explanation for this correlation is that an increase in toilet paper sales indicates an increase in consumer spending. When people are purchasing more toilet paper, it suggests that they have disposable income to spend on non-essential items. This increase in consumer spending can stimulate economic growth by boosting demand for goods and services.
It is important to note that correlation does not imply causation. While an increase in toilet paper sales may coincide with an increase in economic growth, it does not necessarily mean that toilet paper sales directly cause economic growth.
In summary, the statement provides an example of a positive correlation between toilet paper sales and economic growth. An increase in toilet paper sales may indicate increased consumer spending, which can contribute to economic growth. However, further analysis is needed to establish a causal relationship between these variables.
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The pros and cons of new product concepts are analyzed during the idea generation phase of new product development.
True
False
Answers
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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are partnerships that provide professional and noncommercial assistance or advice.
Trading partnerships
Non-trading partnerships
General partnerships
Hi Special partnerships
Answers
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
MetLife was able to dramatically expand its global footprint by acquiring Alico, a global player in the insurance business, from AIG in 2010 when AIG was in financial distress. This shows that not all diversification moves erode performance.
a) true
b) false
Answers
Answer:
True
Explanation:
It is true that not all diversification erodes performance. That is it is not all diversification moves that reduces performance or destroys it. Sometimes diversification could lead to greater risks or greater costs of investment. By diversifying and acquiring Alico metlife was able to increase and expand globally
What are some positive and negative Impacts of globalization
Answers
Answer:
Globalization goal is 100% percent control of the people
Explanation:
Evidence of this is Charles Swab saying you will own nothing and be happy
Negative impacts are:
Outsourcing services, decrease in wages, workers' rights and interdependent economy.
consider a company that issued 5,000 zero-coupon bonds with face value of $1,000 at a price of $734 each. how much did the company borrow in this bond offering?
Answers
A company that issued 5,000 zero-coupon bonds with face value of $1,000 at a price of $734 each. The company borrowed $3,670,000 in this bond offering.
The company borrowed $3,670,000 in this bond offering because the bonds were sold at a discount of $266 each, meaning the total amount received from the sale of the 5,000 bonds was $3,670,000.
The face value of the bonds was $1,000 each.
Number of zero coupon bonds issued = 5,000
Issue price per zero coupon bond = $734
Total borrowed amount = 5,000 × 734 = 3,670,000
So the company was able to borrow $3,670,000 without paying interest on the loan.
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True/False Inspection of the final product guarantees quality. True/False There is some variability in a process.
Answers
True/False: Inspection of the final product guarantees quality. False.
Inspection of the final product alone does not guarantee quality. While inspection can identify defects or deviations from the desired standards, it does not address the root causes of those issues or prevent them from occurring in the first place. Quality is best achieved through a holistic approach that includes process control, continuous improvement, and prevention of defects. Inspecting the final product is just one part of the quality assurance process, but it does not ensure quality by itself.
True/False: There is some variability in a process. True.
Variability is inherent in most processes. It refers to the natural variation or fluctuations that occur in inputs, processes, or outputs. Variability can arise from numerous factors such as equipment variations, environmental conditions, human factors, and inherent process characteristics. Understanding and managing variability is essential for process control and quality management. Techniques like statistical process control (SPC) can help monitor and reduce variability, leading to more consistent and predictable outcomes. Recognizing and addressing variability is crucial for improving process performance and achieving desired quality standards.
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2 1.6.2 Test (CST): Goals and Career Planning
Question 20 of 25
Kris is very interested in travel. Which of these careers is most likely the best
fit for her?
A. High school teacher
B. Machinist
O C. Loan officer
D. International correspondent
Answers
answer: international correspondent
Kris is very interested in travel. International correspondent of these careers is most likely the best fit for her. The correct option is D.
What is a correspondent journalist?A journalist works for a newspaper or broadcast media outlet and writes news articles. synonyms include pressperson, newswriter, newspaperman, and newspaperwoman. a correspondent from a faraway country. a journalist who contributes articles and analyses for publication or broadcast from a different country.
International correspondents are journalists who report news from different parts of the world. They travel extensively to cover stories and events in various countries, and their job involves researching, investigating, and writing about global issues. This career would be a good fit for someone who is interested in travel and has a passion for journalism and reporting.
Thus, the ideal selection is option D.
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A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called.
Answers
A summary of all the financial data in the account ledgers that ensures the figures are correct and balanced is called trial balance.
A trial balance, a summary of all the economic statistics inside the account ledgers that guarantees the figures are accurate and balanced. If the data in the account ledgers is not correct, the accountant need to accurate it earlier than preparing the company's monetary statements.
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit score account column totals which can be identical. A employer prepares a trial balance periodically, normally on the stop of each reporting duration.
A trial balance is a list of all the overall ledger accounts contained inside the ledger of a commercial enterprise. This list will incorporate the call of each nominal ledger account and the value of that nominal ledger stability. every nominal ledger account will hold either a debit stability or a credit stability.
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In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answers
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
23. m1 includes: a) cash, savings deposits, demand deposits, money market deposit accounts, small-denomination time deposits, and shares in retail money market mutual funds. b) cash, demand deposits, and small-denomination time deposits. c) cash, demand deposits, and large-denomination time deposits. d) cash, demand deposits, and other checkable deposits.
Answers
d) cash, demand deposits, and other checkable deposits.
Do modest time deposits count toward M1?Very few components are categorised as M1 due to how strictly defined M1 is. Savings account deposits, small-time deposits, and retail money market accounts are all included in the broader category M2.
What asset is included in M1?We quantify money using a variety of definitions: M1 covers cash and funds held in checking accounts. One element of M1 is traveler's checks, which are becoming less common. All of M1 as well as savings deposits, time deposits like certificates of deposit, and money market funds are included in M2, as well.
M1 or M2 savings accounts?M1 includes currency and checking account funds. Additionally, travelers' checks have become less popular. M2 consists of M1, plus savings deposits and time deposits like certificates.
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a commonly cited reason for financial failure is a lack of _____.
Answers
A commonly cited reason for financial failure is a lack of financial planning and management.
Financial planning and management are crucial for the success and stability of individuals, businesses, and organizations. A lack of financial planning and management can lead to various problems and ultimately result in financial failure.
Financial planning involves setting financial goals, creating budgets, managing cash flows, and making strategic financial decisions. Without proper planning, individuals or businesses may overspend, accumulate debt, or fail to allocate resources effectively.
This can lead to financial instability, inability to meet financial obligations, and ultimately, financial failure. Financial management encompasses the ongoing monitoring and control of financial activities, such as tracking income and expenses, managing investments, controlling costs, and optimizing financial resources.
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If the CEO assumes that the customer profiles in Chicago is most representative of all the locations and she only samples customers from Chicago for the survey, she is doing
a. Quota sampling
b. Simple random sampling
c. Convenience sampling
d. Judgment sampling
Answers
Representative of all the locations and she only samples customers from Chicago for the survey, she is doing Judgment sampling.
In the non-probability sampling technique known as judgment sampling, or authoritative sampling, the researcher chooses the units to be sampled based on his own prior knowledge or his professional judgment. Purposive sampling, also known as judgmental, selective, or subjective sampling, is a type of non-probability sampling in which researchers pick individuals from the public to take part in their surveys based on their own judgment. Three circumstances make the use of judgemantal sampling appropriate: (1) choosing distinctive respondents who are particularly instructive; (2) choosing members of a hard-to-reach, niche community; and (3) identifying specific sorts of respondents for in-depth examination.
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Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
Answers
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answers
Answer:
They company goes out of business?
Explanation:
Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of
the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance
company charges $0. 53 per $100 for the policy, what will be the annual premium?
Answers
The amount the contents are insured for based on the insurance done by Rick will be $44250.
How to calculate the insurance?From the information given, Rick Mueller insures his house for $88,500 and the contents are automatically insured for 50% of the total insurance on the house.
Therefore, the amount will be:
= 50% × $88500
= $44250
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If you lose your job in this country, you can claim unemployment and collect money to help you until you can find another job. This is because of economic
security
freedom
equity
growth
(I couldn’t find economics lol)
Answers
This is because of economic "Economic Security".
Economic security is characterized as a person's, family's, or alternately local area's capacity to meet their essential requirements in a feasible and honorable way. This shifts relying upon a person's actual prerequisites, the general climate, and social standards.
When a person is able and eager to work, but they are not employed, they are considered to be unemployed. A person's percentage of the labour force who is jobless is known as the unemployment rate. Consequently, knowing who is employed is necessary to calculate the unemployment rate.
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ohn wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry and of the fact that his product should not be very costly. To differentiate his product from that of his competitors, he decides to sell his beverages in specially designed containers that keep the juice fresh for 7 days even without refrigeration. John is focusing on the ________ component of the marketing mix.
Answers
Answer:
Packaging
Explanation:
Since in the question, it is mentioned that for differentiating the product from its competitors John decided to sell its beverages in containers i.e. specially designed also you keep the juice fresh till 7 days even without refrigeration
So here the John is focused on Packaging component as he wants to make that product i.e differentiate from its competitors also he packaged the product in that way that it looks attractive by adding some special kind designs add on it
Therefore the packaging is the most appropriate option