Sellers who would be willing to participate in a market with a price of $1000 can include producers, wholesalers, retailers, and individuals. These sellers engage in the market to sell their products or goods to generate revenue or distribute them to consumers.
In a market with a price of $1000, various sellers who would be willing to participate can be categorized based on their motives and circumstances. Here are a few examples:
1. Producers: Producers are individuals or companies involved in manufacturing or producing goods or services. They would participate in the market to sell their products and generate revenue. For instance, manufacturers of electronics, clothing, or automobiles would likely be willing to participate.
2. Wholesalers: Wholesalers buy goods in bulk from producers and sell them to retailers or other businesses. They would participate in the market to distribute products to smaller businesses. Wholesalers dealing in various products such as food, electronics, or household items could be potential participants.
3. Retailers: Retailers are businesses that sell goods directly to consumers. They would participate in the market to purchase products at the market price and sell them to individual buyers. Examples of retailers include supermarkets, department stores, or online marketplaces.
4. Individuals: Individual sellers, such as individuals selling personal belongings, collectors selling items from their collections, or small-scale entrepreneurs selling handmade products, may also be willing to participate in the market.
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what is the differende between wants and needs?
Explanation:
Want — have a desire to possess or do (something); wish for. Need — require (something) because it is essential or very important rather than just desirable.
Which factors result from the processes and actions of government bodies that influence the decisions and behavior of firms?
Political factors result from the processes and actions of government bodies that influence the decisions and behavior of firms.
The political factors influencing business are much of the time given a ton of significance. A few parts of government strategy can influence business. All organizations should observe the law. Chiefs should find what impending legislations can mean for their exercises.
The political environment can affect business organizations in numerous ways. It could add a gamble variable and lead to a significant misfortune. You ought to comprehend that the political factors have the power to change results. It can likewise influence government approaches at neighborhood to administrative level. Organizations ought to be prepared to manage the neighborhood and international results of governmental issues.
Changes in the public authority strategy make up the political factors. The change can be economic, legal or social. It could likewise be a blend of these factors.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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according to the e-waste in south africa video case, what has resulted in a business opportunity for bolunga electronic waste company to provide recycling e-waste services?
According to the e-waste in South Africa video case, the availaiblity of e-waste provides a business opportunity for bolunga electronic waste company to provide recycling of e-waste services.
What is an Electronic waste?An electronic waste refers to a discarded electrical or electronic devices. These used electronics device, which are destined for refurbishment, reuse, resale, salvage recycling through material recovery or disposal are also known as e-waste.
According to the UN’ Global e-waste Monitor report, an approximate of 360,000 tons of e-waste is generated annually in South Africa and Gauteng is responsible for about 55% of it since it is the economic center of the country.
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What do you think is the orginal motivations for the protection of Natural Resources? What were some early measures taken in the protection of the environment?
What is the NAAQS? and Please discuss how they are important
What would be the advantage of applying multi-media approaches to Waste Control
Describe the pollutants that are commonly found in drinking water supplies? How does each pollutant affect human health?
If you are a consultant and you want to save money at a facility that conducts on-site wastewater treatment, what approach would you use? Reduce the amount of water treated, Reduce the amount of chemical used to treat the water, or reduce the total amount of water used at a facilty.
The original motivations for the protection of Natural Resources were to conserve the environment, reduce pollution, reduce global warming, protect the land and sea, and conserve energy.
The early measures taken in the protection of the environment include setting aside land and water as nature reserves, conservation of forests, and the reduction of the use of dangerous chemicals. The National Ambient Air Quality Standards (NAAQS) refers to standards established by the Environmental Protection Agency (EPA) for the air that Americans breathe.
The NAAQS is an important tool in protecting public health and welfare from the negative effects of air pollution. The Waste Control can help in the proper management of waste, ensuring the reduction of waste, promoting recycling and resource recovery, and minimizing disposal costs. The pollutants commonly found in drinking water supplies are lead, arsenic, nitrates, nitrites, and pathogens.
while nitrates and nitrites have been linked to cancer. Pathogens can lead to waterborne illnesses, such as cholera and typhoid fever. To save money at a facility that conducts on-site wastewater treatment .This can be achieved by promoting water conservation measures such as the use of low-flow faucets and toilets, which can help to minimize water usage, thereby reducing the amount of water that needs to be treated.
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In the text, it states that "the laws of ________________ used
within the context of economic models allow environmental effects
to be accounted for."
In the text, it states that "the laws of environmental economics used within the context of economic models allow environmental effects to be accounted for."
Environmental economics is a branch of economics that studies the relationship between the economy and the environment. It seeks to understand how human activities, such as production and consumption, affect the natural environment and how these environmental effects can be mitigated or incorporated into economic decisions.
By integrating environmental economics into economic models, policymakers and researchers can better account for the environmental consequences of their actions. This includes the evaluation of costs and benefits associated with environmental policies, the allocation of resources for environmental protection, and the assessment of market-based approaches to environmental management.
For example, using environmental economic principles, economists can calculate the social cost of pollution, which reflects the total cost to society of emitting pollutants into the environment. This can help governments design effective policies to reduce pollution levels, such as implementing a carbon tax or establishing a cap-and-trade system.
Additionally, environmental economics can help in evaluating the efficiency and sustainability of natural resource use. By considering factors like scarcity, economists can ensure that resources are allocated optimally, leading to long-term economic growth and environmental preservation.
In conclusion, the laws of environmental economics enable the integration of environmental factors into economic models. This allows for a more comprehensive understanding of the interplay between the economy and the environment, ultimately promoting sustainable development and responsible resource management.
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Once you turn 18, if you choose one of the 4 options for accessing credit, how will you be sure you use that credit responsibly?
Answer:
What's the four options?
Everything you buy with your credit card will cost more because of the interest you pay. By paying off your entire balance each month, you demonstrate to lenders that you are a trustworthy borrower. Your credit score will suffer if you frequently make late payments or completely skip payments.
What accessing credit, use that credit responsibly?Credit is intended to enhance our financial security. When handled wisely, credit can give us the opportunity to buy the items we need and want right away in situations when cash is not always an option.
Responsible behavior is undoubtedly greatly influenced by external factors, but it is also greatly influenced by social cognition and emotion. Examples include continuing to make payments on schedule, paying down debt, and taking care of past-due bills.
Therefore, Responsible behavior requires internal desire and direction, not only conformity with the law as a result of external supervision, rewards, and penalties.
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Exercise 7.3: Claim Denial -- Warranty Does Not Mean a New Device
Instructions: Please post Exercise 7.3: Claim Denial -- Warranty Does Not Mean a New Device here. Please revise this message as a letter. Do not list the five weaknesses.
Current date
Ms. Haley Tranquillo
501 Westhampton Way
Richmond, VA 23173
Dear Ms. Tranquillo:
This letter is being sent to you to inform you that warranty repairs or replacements are not available for damage caused by operator fault. The dot inside your smartphone indicates in bright red that the device suffered prolonged exposure to liquid. The phone also shows signs of heavy external abuse—quite rightly excluded from coverage under your protection plan.
Your phone retailer, Westhampton Wireless, at 422 Pleasant Valley Road, forwarded your device to us. Our service technician made an inspection. That’s when he discovered that your Droid had not been treated with proper caution and care. He said he had never seen such a gunky phone interior, and that without a doubt the gadget was subjected to blunt force on top of that! You are lucky that the touch screen did not crack or break and that you didn’t lose all your data irretrievably since you apparently didn’t bother to arrange for a backup. Today’s smartphones are sophisticated high-tech devices. They must be handled with utmost respect. You wouldn’t believe how many users accidentally drop their phones into the toilet.
The Peace of Mind Plan that you have purchased gets rave reviews from users. They love the protection their expensive equipment enjoys at a low monthly cost of $5.99. However, this plan plus the manufacturer’s warranty on your Droid covers only this one thing: manufacturing defects. Your warranty has expired by now, but it wouldn’t cover neglect and abuse anyway. Your Peace of Mind Plan is in effect but only covers you for theft, loss, and malfunction. It explicitly excludes liquid and physical damage. In any case, there is always a deductible of $89. We can’t replace the Droid at no charge, as you request. But we could sell you a remanufactured model, at a cost of $49 plus tax. Your other option is to purchase a new device at full retail cost. Furthermore, since you have a two-year contract, you will be eligible for an upgrade as you are nearing month 20. You could go to www.alphawireless.com to browse new calling plans and see current smartphones and perhaps order a product or service online.
Let us know what you want to do. We pride ourselves on our unparalleled customer service.
Sincerely,
The purpose of the letter is to inform Ms. Tranquillo that warranty repairs or replacements are not available for damage caused by operator fault and to provide her with options for resolving the issue.
What is the purpose of the letter sent to Ms. Haley Tranquillo regarding her damaged smartphone?The letter is informing Ms. Haley Tranquillo that warranty repairs or replacements are not available for damage caused by operator fault, specifically due to prolonged exposure to liquid and heavy external abuse.
The letter emphasizes the importance of proper caution and care when handling smartphones and highlights that the protection plan and manufacturer's warranty only cover manufacturing defects, excluding neglect and abuse.
The options provided include purchasing a remanufactured model at a cost of $49 plus tax, buying a new device at full retail cost, or exploring upgrade options as the two-year contract is nearing completion. The letter concludes by emphasizing the company's commitment to customer service.
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What percentage return on investment by an owner did he recommend, beyond which tenants either received a divided return or the owner re-invested the money for improvements on the tenement?
The profit from an investment is divided by the investment's cost to determine the return on investment (ROI). When represented as a percentage, an investment with a profit of $100 and a cost of $100 would have a ROI of 1, or 100%.
For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns. The percentage change in an investment's value is represented by the annual rate of return. Assume, for instance, that you get a 10% annual rate of return.
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Workplace technology is relied upon by businesses to increase _____________.
Businesses rely on workplace technology to boost productivity and performance.
What is meant by productivity?Productivity, a metric of economic performance, contrasts the volume of goods and services produced (output) with the volume of inputs necessary to produce those goods and services.Output per worker or output per worker/hour are two typical ways to measure productivity. The quantity or cost of the finished goods each employee can create in a specific amount of time may be used as a productivity indicator for a manufacturing organisation. The efficiency of your staff, as determined by the quantity of goods or services they generate or offer in a given period of time, can be used to describe workplace productivity.To learn more about productivity, refer to:
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A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
1.Briefly describe some of the continued risks associated with outsourcing to Stretchum along with benefits to Chatham by collaborating with the supplier?
2.Considering the long-term relationship between Chatham and Stretchum, what kind of relationship has been sustained over the past 10 years? Secondly, what kind of relationship should be developed, and how should Chatham approach Stetchum?
3. Given the case information relevant to dispersed procurement activities across OnTarget, briefly discuss the interconnections to potentially reducing costs using ERP and the SCOR model framework to connect information flows throughout OnTarget.
4. Explain the supply chain attributes and measures that can be implemented to maximize cost reductions across OnTarget?
5. Explain the benefits that could may come from implementing a Supply Chain Advisory Council to oversee OnTarget growth initiatives and continued cost reductions?
Outsourcing to Stretchum carries risks such as quality control and dependence on a single supplier, but it can also bring benefits such as cost savings and access to specialized expertise. The relationship between Chatham and Stretchum has likely been a long-term partnership, and Chatham should aim to develop a strategic partnership going forward.
1. Risks associated with outsourcing to Stretchum:
Quality control: There is a risk that the products or services provided by Stretchum may not meet Chatham's quality standards, which could lead to customer dissatisfaction and reputational damage.
Dependence on a single supplier: By outsourcing to Stretchum, Chatham becomes heavily reliant on them for the supply of goods or services.
Communication and coordination challenges: Outsourcing involves working with an external partner, which can introduce complexities in terms of communication, coordination, and alignment of goals and objectives.
Benefits of collaborating with Stretchum:
Cost savings: Outsourcing to Stretchum may provide cost advantages due to lower labor costs or economies of scale, enabling Chatham to reduce expenses and improve profitability.
Focus on core competencies: By outsourcing non-core activities to Stretchum, Chatham can concentrate its resources and expertise on its core competencies, leading to improved efficiency and innovation.
2. The sustained relationship between Chatham and Stretchum over the past 10 years can be characterized as a long-term partnership. This partnership has likely involved regular interactions, collaboration, and mutual trust.
For the future, Chatham should aim to develop a strategic partnership with Stretchum. This means going beyond a transactional relationship and working towards a deeper integration of operations, shared goals, and mutual benefits.
3. Dispersed procurement activities across OnTarget can benefit from using an Enterprise Resource Planning (ERP) system and the Supply Chain Operations Reference (SCOR) model framework to connect information flows throughout the organization. By implementing ERP, OnTarget can centralize procurement data, streamline processes, and improve visibility across the supply chain. This integration enables better coordination, inventory management, demand planning, and cost control.
4. To maximize cost reductions across OnTarget, several supply chain attributes and measures can be implemented:
Lean principles: Implementing lean practices such as just-in-time inventory management, waste reduction, and continuous improvement can lead to cost savings.
Supplier collaboration: Developing strong partnerships with suppliers, sharing information, and collaborating on cost-saving initiatives can help optimize the supply chain.
Demand forecasting and planning: Accurate demand forecasting and efficient planning can reduce inventory carrying costs and prevent stockouts or overstock situations.
5. Implementing a Supply Chain Advisory Council to oversee OnTarget's growth initiatives and continued cost reductions can bring several benefits:
Strategic guidance: The council can provide strategic advice and direction to align supply chain activities with the company's growth objectives.
Cross-functional collaboration: By involving representatives from different departments, the council facilitates collaboration, communication, and coordination across the entire organization.
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Martinez Corporation issues $630,000 of 9% bonds, due in 10 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%.
Compute the issue price of the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)
Issue price of the bonds $ ?????????
Applying the values in the formula,PV = $31,500 * [ 1 - 1 / (1+5%)²⁰ ] / 5% + $630,000 / (1+5%)²⁰PV = $497,491.25 + $185,487.12PV = $682,978.37Hence, the issue price of the bonds is $682,978. PV = PMT * [ 1 - 1 / (1+i)ⁿ ] / i + FV / (1+i)ⁿWhere PV = Present Value PMT = Periodic Interest Payment FV = Face Value i = Discount Rate per Period
Given,Face Value of the bonds = $630,000 Coupon Rate = 9%Market Rate = 10%Time to Maturity = 10 years Semiannual interest payment N = 20 (10 years × 2)I/Y = 5% (10% ÷ 2)PMT = $31,500 ($630,000 × 9% ÷ 2)FV = $630,000When market rate is greater than the coupon rate, the bonds sell at a discount to par value. In this case, since the market rate is greater than the coupon rate, the bonds will be sold at a discount. We need to calculate the present value of the bonds.Using the formula,PV = PMT * [ 1 - 1 / (1+i)ⁿ ] / i + FV / (1+i)ⁿWhere PV = Present Value PMT = Periodic Interest Payment FV = Face Value i = Discount Rate per Period n = Total Number of Periods Applying the values in the formula,PV = $31,500 * [ 1 - 1 / (1+5%)²⁰ ] / 5% + $630,000 / (1+5%)²⁰PV = $497,491.25 + $185,487.12PV = $682,978.37Hence, the issue price of the bonds is $682,978.
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PERSONAL FINANCE
What is a deductible? (1 point)
O the maximum amount a policy will pay out in any one year
O the amount paid by the policyholder to the insurer on a regular basis for the policy
O the amount paid by the policyholder before the insurance policy starts paying on the claim
O the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
A deductible is the amount paid by the policy holder before the insurance policy starts paying on the claim.
What is Insurance?Insurance is a contract that allows a party to secure its asset from damage and the other party charges a premium and in return when the asset is damaged the amount of the asset is refunded or as directed in the contract.
Policy holder pays annual or monthly premiums which is also known as the deductible, after the payment of deductible the insurance company pays the policy holder as per the terms agreed in the contract.
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Answer: 1. a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
2. the amount paid by the policyholder to the insurer on a regular basis for the policy
3. the amount paid by the policyholder before the insurance policy starts paying on the claim
4. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
5. Medicare
Explanation: My quizlet name is Aron_Sonn so consider dropping by :)
the essence of business is
Answer: To satisfy Customer demand
Explanation:
Businesses are created in order to satisfy the demand of customers and make a profit whilst doing so. It involves finding out what the customer wants and then finding a way to satisfy that want.
It is also important to go beyond what the customers want to what they might want as well. This is what gives businesses the edge because in satisfying needs that the customer did not even know they wanted, the business can retain that customer and even gain others as well.
Which of the following is not an example of professional behavior
?
A facility that rents space specifically to new businesses or to people wishing to start a business is called a:
Answer:
Business incubator.
Explanation:
What is the amount that shareholders contribute in exchange for a company’s shares known as, and where is it located on the balance sheet?
The amount that shareholder’s contribute in exchange for a company’s shares is known as _____, and this amount is listed in the balance sheet as a part of _____.
The amount that shareholder's contribute in exchange for a company's shares is known as Capital, and this amount is listed in the balance sheet as a part of Liability.
Capital- It represents the total amount of money that shareholders have invested in exchange for their ownership of the company’s shares. Paid-up capital is typically raised through the issuance of shares or by transferring additional funds into the company’s capital reserves. It forms an essential part of a company’s equity and financial structure.
Liability- Capital is categorized as a liability in the balance sheet because it signifies the owners’ ownership interest and their claim on the company’s assets. Placing it under liabilities emphasizes that it represents funds provided by the owners and ensures the balance sheet equation is maintained (assets = liabilities + equity).
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The amount that shareholder’s contribute in exchange for a company’s shares is known as "Capital Stock", and this amount is listed in the balance sheet as a part of "Shareholders' Equity"
Explanation:
Capital Stock, also referred to as share capital or share equity, represents the total value of shares issued by a company and owned by its shareholders. It represents the initial investment made by shareholders in exchange for ownership rights and represents their proportional ownership in the company.
Stockholders' equity, also known as 'shareholders' equity or 'owners' equity', is a section on a company's balance sheet showing the remaining portion of the company's assets after deducting its liabilities. It represents the ownership claim that the company's shareholders have on the company's assets.
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An idea, opportunity or dream is the ________ of planning that managers begin with to plan.
An idea, opportunity, or dream is the foundation of planning that managers begin with to plan.
The planning process begins with setting goals. Goals are the end result that management wants to achieve through its activities. Goals are specific and can be measured in units.
When developing SMART operational goals, it is important to seek employee feedback throughout the process. Once set, it can be difficult for employees to understand and accept goals. Philip is the new manager of a 15-man manufacturing company.
Redesigned workspace to keep tools within reach of an idea, opportunity, or dream.
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consider a homogeneous-product duopoly where each firm initially produces at a constant marginal cost of $200 and there are no fixed costs. determine what would happen to each firm’s equilibrium output and profits if firm 2’s marginal cost increased to $210 but firm 1’s marginal cost remained constant at $200 in each of the following settings:
Overall, firm 2's increase in marginal cost puts it at a disadvantage compared to firm 1, resulting in a decrease in its equilibrium output and profits. Firm 1, on the other hand, benefits from the situation by maintaining its equilibrium output and experiencing an increase in profits.
In a homogeneous-product duopoly where each firm initially produces at a constant marginal cost of $200 and there are no fixed costs, if firm 2's marginal cost increases to $210 while firm 1's marginal cost remains constant at $200, the equilibrium output and profits for each firm would be affected as follows:
The equilibrium output for firm 2 would decrease, while its profits would also decrease. This is because an increase in marginal cost leads to higher production costs, which in turn reduces the firm's ability to produce the same quantity of output at the same price.
In contrast, the equilibrium output for firm 1 would remain unchanged, as its marginal cost remains constant. However, its profits would increase, since firm 2's increase in marginal cost would lead to a reduction in its ability to compete in the market.
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Why might it be difficult to rely on profits to get an overall impression of the firm's cash flows?
Profits alone may not provide an accurate representation of a firm's cash flows due to various factors such as non-cash expenses, timing differences, and changes in working capital.
Profits, also known as net income, are calculated based on the matching principle, which matches revenues and expenses in a specific accounting period. However, profits can be influenced by non-cash expenses, such as depreciation and amortization, which do not involve actual cash outflows. These non-cash expenses can inflate profits without a corresponding increase in cash flows.
Moreover, timing differences between recognizing revenues and expenses can affect cash flows differently. For example, if a firm recognizes revenue in one period but does not receive cash until a later period, its profits may be higher than the actual cash inflow for that period. Similarly, expenses paid in advance may reduce profits in the current period but do not impact cash flows.
Additionally, changes in working capital, including accounts receivable, accounts payable, and inventory, can affect cash flows independently of profits. An increase in accounts receivable, for instance, indicates sales made on credit but not yet collected, which reduces cash inflow despite generating profits.
Therefore, relying solely on profits may not provide an accurate assessment of a firm's cash flows, and it is essential to analyze cash flow statements to get a comprehensive understanding of the financial health and liquidity of the business.
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When a figure is drawn in Geometry without the use of a compass a straight edge to
guarantee precision is called a?
When a figure is drawn in Geometry without the use of a compass a straight edge to guarantee precision is called a Ruler. A ruler is a device used to measure distances and to draw straight lines along those distances.
The precision of drawing straight lines is essential in geometry as it aids in constructing geometric figures such as triangles, squares, and other shapes accurately. Straight lines are also used to identify angles and points to create different shapes. The use of a ruler in geometrical drawing allows for accurate measurement and precision making.
As such, the use of a straightedge is critical in geometric constructions to ensure that the created figures are mathematically sound and precise.
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List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer: Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Explanation:
Five organizations I can volunteer my services are;
Total plc
Shell
Cheveron
Halliburton
Schlumberger
Total; I would work as a procurement officer. I would be helping the organization procure their items easily,fast and affordable from the right source
Shell; I would work as an a geologist, to identify locations where natural resources like crude oil can be found
Cheveron; I'll work as an I.C.T personnel
Halliburton; I'll work as a mechanical engineer
Schlumberger; I'll work as a mechanical instructor on air compressors
In a Cournot market structure with two firms, firm A's reaction function gives: optimal quantity for A as a function of price for A and price for B. optimal price for A as a function of price for B. optimal quantity for A as a function of price for B. optimal quantity for A as a function of quantity for B. *option 1 is incorrect
Firm A's reaction function gives optimal quantity as a function of prices.
What is a Cournot reaction function?The correct answer is: optimal quantity for A as a function of price for A and price for B.
In a Cournot market structure, each firm determines its output quantity taking into account the output quantity of its competitor.
Firm A's optimal quantity depends not only on its own price but also on the price charged by its competitor, firm B. Therefore, firm A's reaction function gives the optimal quantity that firm A should produce as a function of both its own price and the price charged by firm B.
In other words, it gives the optimal quantity for A as a function of price for A and price for B.
Firm A's reaction function gives optimal quantity as a function of prices.
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5. A number with the addition of itself becomes 38. What
is the number?
Answer:
19+19=38
...........................
PLEASE HELP 20 PTS
1. Other than discount stores, what other kinds of businesses tend to focus on price in their marketing mix? Explain why this is their focus.
2. Why do those who highlight place in the marketing mix need to consider the supply chain and other elements of product?
3. Explain the difference between a marketing mix and a promotional mix. Why is each important?
4. Why is participation such a key element of marketing? Give three examples of how a dry-cleaning business can create opportunities for participation.
5. Give an example of an advertisement that you have seen for a service and explain which of the 7Ps were emphasized. Next, explain how the strategy behind advertisements for products tend to be different and why.
This prompt is related to the Marketing mix. The word "marketing mix" refers to a business foundation model that has historically been built on product, price, place, and promotion. The marketing mix is defined as "the set of marketing instruments used by the organization to pursue its marketing goals."
What are the various tasks related to the above prompt?1) Note that other than discount stores, other kinds of businesses that tend to focus on price in their marketing mix are Supermarkets and Regional Malls. The reason this is their focus is that their business model thrives on the margin of turnover. Another reason could be that many of the products being merchandized have short product life spans and or shelf life.
2) Note that those who highlight a place in the marketing mix need to consider the supply chain and other elements of the product because the place as a factor in the marketing mix is fast evolving due to the introduction of technology in the distribution and delivery process. In many cases, people no longer have to go to a physical location to purchase a product.
3) Marketing Mix is concerned with the advertising and selling a product or service. Promotion Mix focuses on how to reach its target clients and persuade them to buy the company's product.
The relevance of promotion in the marketing mix is that it raises market awareness of your brand and product by targeting the relevant consumers. As a result, demand will be created in the market, resulting in a rise in sales for your organization.
The marketing mix, on the other hand, is critical since it is a vital instrument for developing the correct marketing strategy and implementing it through successful techniques.
4) Customers that participate are more likely to become loyal customers, purchase more of a company's products and services, and, as a result, generate more profit.
Three examples of how a dry-cleaning business can create opportunities for participation are;
Referral opportunities/BonusAffiliate Marketing ApproachParticipation in Promotions5) An example of an advertisement that t you have seen for a service and how the 7Ps were emphasized is:
The advert for coke.
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Suppose that the full employment level of nominal GDP rises in one year from $13.8 to $14.2 trillion. The long-run equilibrium price level, however, remains unchanged at 115. By how much (in real dollars) has the long-run aggregate supply curve shifted to the right from one year to the next? $ nothing trillion. (Round your answer to two decimal places.) By how much, if any, has the aggregate demand curveLOADING... shifted to the right?
Answer: The answer is that, AD has shifted to exactly $0.35 trillion.
Explanation:
It should be noticed that, AD has been shifted to exactly $0.35 trillion (Rounded in two decimal places.) when the the long-run aggregate supply curve shifted to the right from one year to the next.
Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.
obj. 2, 3 the procedures used for over-the-counter receipts are as follows. at the close of each day’s business, the sales clerks count the cash in their respective cash drawers, after which they determine the amount recorded by the cash register and prepare the memo cash form, noting any discrepancies. an employee from the cashier’s office counts the cash, compares the total with the memo, and takes the cash to the cashier’s office. pencil indicate the weak link in internal control. pencil how can the weakness be corrected?
The weak link that can be established here is from the fact that there are no separation of duties in this business.
The link can be corrected when other people are assigned some of the tasks to do
How is the weak link established?The way that this link can be seen is from the fact that in the business that we have here, there is no form of separation of duties. We can see that the same person that is in charge of the issuance of the receipts is still the one that would have to create the memo and would still be the one that would count cash as well.
Less may be shown compared to what was received, receipts may not be given and cash would also be taken to the home.
b. The way that the weakness would be corrected would have to with the employment of other people that would have to do some of these other tasks.
available cash may be greater that receipts of sales if people are not issued receipts.
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TRUE OR FALSE: A mathematics professor at a university would fall under both the Education and Training career cluster and the STEM career cluster.