Imagine a company has recently developed Chewsy, a new
sugar-free gum containing fluoride using a novel nanotechnology.
Not only does it taste good, it is good for your teeth. You are
faced with the d
Answers
The total sales of chewing gum are expected to be about $200 million over the next 10 years. The development of Chewsy, a new sugar-free gum containing fluoride using novel nanotechnology, presents an exciting opportunity for the company. The product offers both a pleasant taste and dental benefits, making it a unique proposition in the market.
1. Manufacturing and Production: The company needs to ensure that it has the necessary manufacturing capabilities and capacity to produce Chewsy at scale. The novel nanotechnology involved may require specialized equipment and processes, which need to be established or optimized. The company must also consider the cost-effectiveness and efficiency of production to ensure competitive pricing.
2. Marketing and Promotion: The company must develop a comprehensive marketing strategy to create awareness and generate demand for Chewsy. Emphasizing its sugar-free and fluoride-containing properties, as well as its unique nanotechnology, can be key selling points. Targeted marketing campaigns, including social media, advertising, and partnerships, can help reach the intended audience.
3. Regulatory Compliance: Since Chewsy contains fluoride, the company must comply with relevant regulations and obtain necessary approvals or certifications to ensure its safety and efficacy. This may involve conducting clinical trials or studies to provide scientific evidence supporting its claims and meeting regulatory requirements for dental health products.
4. Competitive Landscape: The company needs to assess the competitive landscape to understand existing gum products and identify the unique value proposition of Chewsy. Conducting market research and analysis will help determine the target market segment, positioning, and pricing strategies to effectively compete with other gum brands.
5. Distribution and Retail Partnerships: Establishing distribution channels and partnerships with retailers is crucial for Chewsy's availability and visibility in the market. The company should identify potential distribution partners, negotiate contracts, and ensure proper shelf placement to maximize product visibility and accessibility.
6. Intellectual Property Protection: Given the novel nanotechnology involved in Chewsy's development, the company should consider protecting its intellectual property through patents, trademarks, or trade secrets. This can safeguard the company's investment in research and development and provide a competitive advantage in the market.
The development of Chewsy, a sugar-free gum containing fluoride using novel nanotechnology, presents an exciting business opportunity. To successfully bring Chewsy to market, the company needs to address manufacturing and production challenges, develop a comprehensive marketing strategy, ensure regulatory compliance, understand the competitive landscape, establish distribution channels, and protect intellectual property. By effectively addressing these considerations, the company can position Chewsy as a desirable and innovative gum product that offers both taste and dental health benefits.
Complete question: Imagine A Company Has Recently Developed Chewsy, A New Sugar-Free Gum Containing Fluoride Using A Novel Nanotechnology. Not Only Does It Taste Good, It Is Good For Your Teeth. You Are Faced With The Decision To Introduce Chewsy To The Market. The Total Sales Of Chewing Gum Are Expected To Be About $200 Million Over The Next 10 Years. Your Marketing personnel believe with their best efforts and an initial marketing expenditure of $4 million, Chewsy could capture from 2 percent to 10 percent of the chewing gum market. They have given you the following probabilities for market share:
Market Share Probabilities
High (10%) 0.30
Medium (6%) 0.50
Low (2%) 0.20
Your financial advisors point out that the profit margin on Chewsy is quite uncertain at this time because of unusual manufacturing requirements. Excluding the one-time marketing expenditure, they say there is a 40 percent chance that operating profit will be 25 percent of sales revenue and a 60 percent chance it will be 50 percent of sales revenue.
To read more about nanotechnology, visit:
https://brainly.com/question/27438409
#SPJ11
Related Questions
how do ordinary people get involved in a democratic country
Answers
Answer:
Citizens vote for their government officials and these officials represent the concerns and ideas of the citizens in government. For example, your Governor is elected by the voters in your state. ... Voting in an election and contacting our elected officials are two ways that Americans can participate in our democracy.
Answer:
same as his/her answer
Explanation:
sorry I just need a free point hsjsnsnsannananansnsbnsnsjssjsjkakaksksks
what assets should be amortized using the straight-line method?
Answers
The assets that should be amortized using the straight-line method are intangible assets.
These may include patents, copyrights, trademarks, licenses, and goodwill. In this method, the cost of the intangible asset is evenly distributed over its useful life. Here is a step-by-step explanation:
1. Determine the initial cost of the intangible asset.
2. Estimate the useful life of the asset, which is the number of years the asset is expected to provide economic benefits.
3. Calculate the annual amortization expense by dividing the initial cost by the useful life of the asset.
4. Each year, reduce the asset's carrying value on the balance sheet by the annual amortization expense and record the expense in the income statement.
5. Continue this process until the asset's carrying value is zero or until the end of its useful life, whichever comes first.
Using the straight-line method ensures that the amortization expense remains constant over the intangible asset's useful life.
Learn more about intangible assets: https://brainly.com/question/29704120
#SPJ11
When two or more firms join together to reach a specific target market through a sweepstakes, coupon, or other promotion, this is known as:________
Answers
When two or more firms join together to reach a specific target market through a sweepstakes, coupon, or other promotion, this is known as cross-promotion.
Learn more about cross-promotion here: https://brainly.com/question/25110028?referrer=searchResults
One benefit of consulting industry standards is
O it allows business owners to compare their structure and accounting procedures with the accepted guidelines in the industry
O it is a strategy for improving your operations at the expense of your competitors
O it is a form of industrial espionage
O all of the above.
Answers
One benefit of consulting industry standards is that it allows business owners to compare their structure and accounting procedures with the accepted guidelines in the industry.
This comparison can help identify areas where a business may be falling short of the standards and provide opportunities for improvement. By implementing industry standards, a business can increase efficiency, reduce errors, and improve the overall quality of its products or services.
Adhering to industry standards can help build trust with customers, investors, and other stakeholders by demonstrating a commitment to excellence and professionalism. It is not a strategy for improving operations at the expense of competitors or a form of industrial espionage, as industry standards are widely available and openly shared for the benefit of all businesses in a particular industry.
To know more about consulting visit:
https://brainly.com/question/29342787
#SPJ11
What is FDIC compliance?
Answers
FDIC is an agency that keeps a check on the financial institutions of the country in order to ensure the safety and security of the consumers. It ensures the fair exchange of finances.
FDIC stands for Federal Deposit Insurance Corporation. It is an independent agency. The FDIC compliance includes the basic rules and etiquettes for the transactions and responsibilities of the authorities.
Finances are the money spent by a person, business, company, or any organization in order to pay for something. Finance is simply the give and take process that includes money. However the term also includes the proper planning and measures of how the money could be spent efficiently.
To know more about FDIC, here
brainly.com/question/29340913
#SPJ4
Jackson and ashley turner (both 45 years old) are married and want to contribute to a roth ira for ashley. in 2011, their agi is $177,500. jackson and ashley each earned half of the income.
a. how much can ashley contribute to her roth ira if they file a joint return
contribution to roth ira $
Answers
Ashley Turner would do a maximum contribution to IRA that will be -600.
It is given that the maximum contribution to ROTH IRA is 6000 for the people that are under the age of 50 years
We have,
\(209,000 - \frac{198000}{10000} \times 6000\)
= 6600
Then the contribution to the IRA is:
6000 - 6600 = -600
You can save money tax-advantageously for retirement by opening an individual retirement account (IRA). An individual can save for retirement with tax-free growth or on a tax-deferred basis by opening an IRA at a financial institution. Even when you are unable to make contributions, your account might still grow. You acquire interest, which is added to your account balance, and you subsequently acquire interest on the interest, and so on. Because of the wonders of compound interest, the growth that your account creates can rise annually.
To learn more about IRA: https://brainly.com/question/1213929
#SPJ4
Ahmad is pondering on starting a franchise Halal Mart
mini market in his housing area.
He seeks you for advice on running a franchise business.
A) What would you suggest, the best type of layout for
Answers
An open layout design. This layout promotes ease of movement, visibility of products, and a welcoming atmosphere for customers. It allows for efficient use of space and flexibility in accommodating different product categories and customer preferences.
An open layout design would be a suitable choice for Ahmad's franchise Halal Mart mini market. This layout involves arranging the store in an open and spacious manner, without excessive walls or barriers. The primary objective of this layout is to provide a seamless flow for customers, making it easy for them to navigate and explore the store. One of the key advantages of an open layout is its ability to enhance visibility. By removing physical barriers, customers have a clear view of the products and aisles, which can increase their engagement and encourage impulse purchases. It also allows for effective product placement and visual merchandising strategies to highlight specific items or promotions.
In terms of space utilization, an open layout offers flexibility. It enables the store to accommodate different product categories and arrange them in a logical and intuitive manner. For a Halal Mart mini market, this layout can be particularly beneficial as it allows for clear segmentation of products, such as fresh produce, packaged goods, halal meat, and household items, making it easier for customers to find what they need.
Additionally, an open layout contributes to a welcoming atmosphere. It creates a sense of spaciousness and encourages social interaction among customers. It also promotes a friendly and approachable environment for staff, allowing them to provide better customer service and engage in personalized interactions with shoppers. Overall, an open layout design for Ahmad's franchise Halal Mart mini market would be a strategic choice to maximize customer satisfaction, enhance product visibility, and create a welcoming shopping experience.
Learn more about impulse here:- brainly.com/question/30466819
#SPJ11
What is the opposite of fade-in, when the image goes black?
Answers
Answer:Umm fade out is the opposite if fade in, but it might not be correct.
Explanation:
;)
She sells seashells on a seashore But the value of these shells will fall Due to the laws of supply and demand No one wants to buy shells 'cause there's loads on the sand
Step 1: you must create a sense of scarcity Shells will sell much better if the people think they’re rare, you see Bare with me, take as many shells as you can find and hide 'em on an island stockpile 'em high until they’re rarer than a diamond
Step 2: you gotta make the people think that they want 'em Really want 'em, really freakin want 'em Hit 'em like Bronson Influencers, product placement, featured prime time entertainment If you haven’t got a shell then you're just a freaking wasteman
Three: it's monopoly, invest inside some property, start a corporation, make a logo, do it properly "Shells must sell", that will be your new philosophy Swallow all your morals they're a poor man's quality
Four: expand, expand, expand, clear forest, make land, fresh blood on hand
Five: why just shells? Why limit your self? She sells seashells, sell oil as well!
Six: guns, sell stocks, sell diamonds, sell rocks, sell water to a fish, sell the time to a clock
Seven: press on the gas, take your foot off the brakes Run to be the president of the United States
Eight: big smile mate, big wave that's great Now the truth is overrated, tell lies out the gate
Nine: Polarise the people, controversy is the game It don't matter if they hate you if they all say your name
Ten: the world is yours, step out on a stage to a round of applause You're a liar, a cheat, a devil, on the floor And you sell seashells on the seashore
Answers
Answer:
Amazing story 10/10
Explanation:
This text is a fun and musical piece of writing that makes fun of different subjects like money, selling things, having an impact on others, and how power works.
What is the seashells about?This text talks about using the idea of selling seashells on a seashore to explain a bigger idea about how people can be manipulated and controlled by big companies and society.
This passage is written in a way that shows different aspects of a story. It covers things like creating a feeling of not having enough, changing how people think about things, and gaining more power.
Read more about seashells here:
https://brainly.com/question/30918597
#SPJ2
If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely?.
Answers
If san francisco were to repeal its rent control law, the prices for short rentals in the city listed on airbnb and other peer-to-peer sites would likely to fall because the availability of housing would grow as the average rent rose.
Rent control law limits the amount a landlord may charge for leasing or renewing a lease. Municipalities typically pass rent control laws, although the specifics might differ greatly. All are designed to keep housing expenses within the reach of those with lower incomes.
Airbnb, which stands for "Air Bed and Breakfast," is a service that allows property owners to rent out their premises to tourists in need of a place to stay. As the average rent rose the availability of houses would grow which leads to the fall in prices for short rentals.
To learn more about rent control law
https://brainly.com/question/4313699
#SPJ4
Tamica doesn’t say because she lives with her parents and doesn’t think she needs any savings since they cover most of her bills which of the following is an argument against her thinking
Answers
Answer:
Savings prepare for emergencies
Explanation:
They really do
Savings prepare for emergencies.
How much should you have in your savings account for emergencies?Even as the scale of your emergency fund will vary relying on your lifestyle, costs, profits, and dependents, the rule of thumb is to put away a minimum of three monthly months' nicely really worth of expenses.
What should monthly you save monthly for a catastrophe?Some financial specialists advocate saving for three-6 months well well worth of residing fees, and even though that is without a doubt an intention month-to-month aspire month-to-month, constructing an emergency fund period of this value is a daunting challenge, and as an end result, lots of us throw in the month before even getting started out.
Learn more about Savings here: https://brainly.com/question/2090567
#SPJ2
There is increasing consolidation for the major logistics and supply chain service providers. Which of the following is the major justification for this consolidation?
Multiple Choice
A. To take advantage of major brand names.
B. To offer a broad platform of integrated services.
C. To provide specialty capabilities.
Answers
The major justification for the consolidation of logistics and supply chain service providers is to offer a broad platform of integrated services. Option B .
By consolidating, these companies can provide end-to-end supply chain solutions to their customers, including transportation, warehousing, and value-added services. This can lead to greater efficiency, improved customer service, and cost savings. Furthermore, consolidation can allow companies to invest in new technologies and expand their global reach. Overall, consolidation allows companies to increase their competitiveness in the market and meet the growing demands of customers for comprehensive supply chain solutions.
Learn more about integrated services
https://brainly.com/question/14066657
#SPJ4
You are employed by company a, which makes motorcycles. you have been asked to write a brief report (following a report format) to the managing director comparing the size of your company with three others in the same industry. use the following information in your report. state the advantages and disadvantages of each of the ways of comparing business size.
Answers
Managing Director's Name]
Managing Director
Company A
Subject: Comparison of Company A's Size with Competitors in the Motorcycle Industry
Dear [Managing Director's Name],
I am writing this report to provide you with a comparative analysis of the size of Company A in relation to three other companies in the motorcycle industry. This analysis will help us understand our position in the market and identify potential areas for growth and improvement. Below is a summary of the information gathered and an evaluation of the advantages and disadvantages of different ways of comparing business size. Revenue Comparison:
Advantages: Comparing revenue provides a straightforward measure of a company's financial performance and market share. It offers insights into the company's ability to generate sales and compete effectively.
Disadvantages: Revenue alone may not capture the complete picture of a company's size as it does not consider factors like profitability, cost structure, or operational efficiency.
Market Share Comparison: Advantages: Analyzing market share allows us to assess our competitive position in the industry. It provides an indication of our market presence relative to competitors.
Disadvantages: Market share analysis may overlook other important aspects of business size, such as revenue growth potential or diversification efforts.
Employee Count Comparison Advantages: Comparing the number of employees gives an indication of the workforce size and organizational capacity. It helps assess our ability to manage operations and support growth. Disadvantages: Employee count alone does not consider productivity levels, skill sets, or workforce efficiency, which are crucial factors in determining business size.
Production Capacity Comparison Advantages: Evaluating production capacity provides insights into a company's ability to meet customer demands and scale operations. It indicates potential growth opportunities. Disadvantages: Production capacity may not reflect other aspects of business size, such as market share or financial performance. Thank you for your attention to this report. Please let me know if you have any further questions or require additional information.
Sincerely,
[Your Name]
[Your Position]
[Company A]
Learn more about Company here
https://brainly.com/question/6528766
#SPJ11
a for-profit institution that offers personal loans, mortgages, and other services a called?
Answers
A for-profit institution that offers personal loans, mortgages, and other financial services is commonly known as a bank.
Banks are financial institutions that are licensed to receive deposits from the public and use these funds to make loans, investments, and other financial activities. Banks play a critical role in the economy by providing a variety of financial services to individuals, businesses, and governments. They offer a range of products, including checking and savings accounts, personal loans, mortgages, credit cards, and investment services, among others. Banks are regulated by government agencies and must comply with various laws and regulations to ensure the safety and soundness of their operations and to protect their customers' interests.
To learn more about financial institutions click here
brainly.com/question/29641948
#SPJ4
the tactic used for the socialization of terrorists and torturers where trivial requests are gradually worked up to more significant demands is known as the _____ technique.
Answers
the tactic used for the socialization of terrorists and torturers where trivial requests are gradually worked up to more significant demands is known as the Graduated Pressure technique.
Here, correct answer will be
The Graduated Pressure technique is a tactic used for the socialization of terrorists and torturers.
It is an attempt to gradually gain compliance by starting with a series of small, trivial requests, and then gradually working up to more significant demands. This technique relies on the idea that people, especially those who may be more resistant to authority, respond better to gradually increasing requests than to sudden, large demands.
This technique is designed to increase the likelihood of compliance by making the requests more palatable and easier to follow. As the requests increase in size and intensity, the pressure on the target increases, making it more likely that they will comply.
This technique is seen as a way to socially "condition" individuals to obey authority, or to accept certain beliefs or behaviour . It is often used in situations where there is a high degree of resistance to authority, and can be used to gain information from those who may be reluctant to disclose it.
Know more about Graduated Pressure here:-
https://brainly.com/question/30701867#
#SPJ11
1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
Answers
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
To know more about credit balance related question visit:
https://brainly.com/question/14979968
#SPJ1
One of the main objectives of any company should be to let the target market know of its existence.
True or False
Answers
Interview Notes • Mary is 30 years old and married to Mark, age 36. Mark passed away on January 30, 2021. • Mark was unemployed and had no income in 2021 due to his illness. • Mary’s seven-year-old daughter, Jenny, lived with her the entire year. • Mary paid more than half the cost of keeping up a home and support for Mark and Jenny. • Mary received a distribution from her traditional IRA in January to pay for living expenses. • Mary was a full-time high school teacher and earned $35,000 in wages. Mary purchased supplies for her class out of her own pocket totaling $320. • Mary received a W-2G in the amount of $8,200 from the local casino. • Mary paid child and dependent care expenses for Jenny while she worked. • Mary elected not to receive advance child tax credit payments. • Mary and Mark received a $4,200 Economic Impact Payment (EIP3) in 2021. • Mary, Mark, and Jenny were not medically or financially affected by the COVID-19 pandemic. • Mary, Mark, and Jenny are U.S. citizens and have valid Social Security numbers. They all lived in the United States for the entire year. • If Mary is entitled to a refund, she would like to deposit half into her checking account and half into her savings account.
Mary’s gambling winnings do not have to be reported on her return. a. True b. False
Mary’s most advantageous filing status is: a. Head of Household b. Married Filing Jointly c. Married Filing Separately d. Qualifying Widow(er)
Mary is subject to the additional 10% tax on early distributions. a. True b. False
Mary qualifies for which of the following credits? a. Child Tax Credit and Earned Income Tax Credit b. Child and Dependent Care Credit c. Retirement Savings Contribution Credit d. Both a and b
Mary wants to split the refund between her savings and checking accounts. How is this accomplished, if possible? a. Splitting a refund is not possible. b. Mary does not have an overpayment on her return. c. This can only be accomplished if filing a paper return. d. Complete Form 8888, Allocation of Refund (Including Savings Bond Purchases).
What amount can Mary claim as an adjustment for the supplies she purchased out of pocket? a. $0 b. $250 c. $300 d. $320
Answers
By April 1, 2021, when the Individual Retirement Account reached a balance of $110,000, Mark had to take $4,151 as a distribution.
For holders of traditional Individual Retirement Accounts, the RMD calculation entails three steps: It is important to know the account's balance as of December 31 of the previous year. Find the distribution factor on the calculation tables that corresponds to your age as of your birthday in the current year. Divide the account balance by the factor number to determine the RMD. Mark, who is unmarried, will turn 71 at the end of 2020 and must begin drawing withdrawals from his regular IRA on April 1, 2021. Age 71's distribution factor is 26.5%RMD= 110,000/26.5% = 4151. Mark must therefore withdraw $4151 from his IRA before April 2021.
Learn more about IRA here:
https://brainly.com/question/28853152
#SPJ4
What are the steps for using the Evaluate Formula feature?
1. Select the cell with the formula you want to evaluate.
2. Click the
tab on the ribbon.
3. In the
group, click
.
4. Click Evaluate or
to start the process.
Answers
Answer:
Formulas
Formula auditing
evaluate formula
step in
Explanation:
just did it :)
Answer:
1) Formulas
2) Formula Auditing
3) Evaluate Formula
4) Step in
Explanation:
HOW TO USE THE EVALUATE FORMULA FEATURE:
1. Select the cell with the formula you want to evaluate.
2. Click the ✔ Formulas tab on the ribbon.
3. In the ✔ Formula Auditing group, click ✔ Evaluate Formula .
4. Click Evaluate or ✔ Step In to start the process.
whats the difference between net, gross, and operating profit
Answers
Operating profit is the amount of gross profit, but “minus operational costs.”
Net profit is the whole amount after a business has “accounted for all deductions, including interest and taxes.”
Hope this helped.
If you’re confused about any of this, feel free to leave a comment!
Help Pls!!!
Identify two ways households impact the economy?
Identify two ways firms/businesses impact the economy?
Identify two ways government impacts the economy?
Answers
2. They can pay people and make money for the economy.
3. Through fiscal policy, it uses its power to tax and to spend.
Which of the following items are reasons to acquire debt?
A. Default
B. Keep emergency cash available
C. Establish credit history
D. Both keeping emergency cash available and establishing credit history
Answers
The reasons to acquire debt is: D. Both keeping emergency cash available and establishing credit history
What is debt?Debt means to borrow money from a lender in which the borrower is expected to pay at a due date.
The reason why a person or an individual should borrow money is to have available cash in case of emergency or unforeseen circumstance so as to have something to fall back to and to as well establish credit history in a case were you intend to borrow another money in the future.
Therefore The reasons to acquire debt is: D. Both keeping emergency cash available and establishing credit history
Learn more about debt here:https://brainly.com/question/25035804
#SPJ1
Answer:
D.) Both keeping emergency cash available and establishing credit history
Explanation:
I got it correct on founders edtell
Genera 5
3
Select the correct answer.
Which relationship is possible when two tables share the same primary key?
O A one-to-one
ОВ.
one-to-many
OC. many-to-one
OD. many-to-many
Reset
Next
Answers
Question:
Which relationship is possible when two tables share the same primary key?
Explanation:
One-to-one relationship.
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
Answers
Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
how can we develop desicion making skill on ourselves
Answers
Answer:
Six simple steps for better decision-making skills
Start with the desired outcome. Start with squad goals. ...Rely on data and insights to spot patterns. .Use S.W.O.T. analysis. ...Simulate the outcomes. ...Trust your instincts. ...Identify your cognitive biasesSorry to bother but i need someone to talk to me if your older than 15 don't bother to message thank,you❤
Answers
Answer:
Does 16 mean no too?
Explanation:
The closing of a real estate transaction generally involves two closings. One is the closing of the real estate sale in which the deed is delivered in exchange for the purchase price. The other is the closing of the
Answers
Answer:
Buyer's loan and the disbursement of the mortgage funds in exchange for the note and mortgage
Explanation:
The closing of a real estate transaction involves two closings. The parties to the contract are represented by atorrneys, and the deed is legally delivered to the buying party and the consideration to seller, along with the closing of the buyer's loan and this closing of buyer's loan involes the disbursement of mortgage funds for financing note and mortgage.
1. What are credit cards? Why do people use them?
2. What is interest? How does interest affect credit card purchases?
3. What are the benefits of using a credit card? What are the drawbacks of using a credit card?
4. In the case files section, four people pay a different price for the same digital music player? Why do the prices they paid differ? Explain the factors that affected each person’s ultimate cost for the music play.
5. Which of the individuals made the best use of their credit card? Which made the worst? Why?
6. What should you look for when choosing a credit card?
7. What is a “grace period”? How can it help you manage a credit card wisely?
8. What are three strategies that you can use to use credit cards wisely?
Answers
Credit card is used to borrow cash when needed on some interest rate.
What are credit cards? Why do people use them?Credit cards are the type of cards that allow you to earn cash or other rewards for those things you buy daily. People use them because of the rewards as well as due to valuable budgeting tools.
What is interest? How does interest affect credit card purchases?Interest is the price you pay to borrow money from a person or bank. Interest affects credit card purchases because low interest rate is good for the people so people purchase it more.
What are the benefits and drawbacks of using a credit card?The benefits of credit card is that they're a great way to build credit. It is more secure than cash. It gives rewards Points while on the other hand, the drawbacks of credit card is high cost of borrowing and too many Credit Cards can damage your credit.
So we can conclude that credit card is used to borrow cash when needed on some interest rate.
Learn more about credit card here: https://brainly.com/question/6872962
#SPJ1
What are some ways that the Federal Reserve can affect your own financial decisions?
Answers
The Federal Reserve, as the central bank of the United States, can affect individual financial decisions in a number of ways:
Interest rates: The Federal Reserve has the power to set interest rates, which can have a significant impact on borrowing costs for individuals. Higher interest rates can make it more expensive to take out loans or carry credit card debt, while lower rates can make borrowing more affordable.
Inflation: The Federal Reserve also monitors and manages inflation levels in the economy. High levels of inflation can erode the value of savings and investments, while low levels of inflation can provide a more stable economic environment.
Economic growth: The Federal Reserve's monetary policies can impact the overall state of the economy and job market, which can affect individual financial decisions such as whether to invest in stocks or real estate.
Bank regulation: The Federal Reserve regulates banks and financial institutions, which can impact the availability and cost of credit, as well as the overall stability of the financial system.
Overall, the Federal Reserve plays a significant role in shaping the economic environment in which individuals make financial decisions, which can impact everything from borrowing costs and investments to job opportunities and overall financial stability.
~~~Harsha~~~
2 1 points The halo effect in observation is cause by an observer spending long hours without a break. True or False True False
Answers
The statement "The halo effect in observation is caused by an observer spending long hours without a break" is false ( the halo effect is a cognitive bias that occurs when an observer's overall impression of a person, product, or company influences their evaluation of specific traits or characteristics).
It is not related to the amount of time an observer spends observing a particular subject.The halo effect is commonly seen in the workplace, where a positive overall impression of an employee can lead to positive evaluations of their work, even if specific aspects of their work are subpar.
Similarly, a negative overall impression can lead to negative evaluations, even if certain aspects of their work are objectively good.
Factors that can contribute to the halo effect include physical attractiveness, charisma, expertise, and perceived success. It can be difficult to avoid the halo effect, but being aware of it and consciously evaluating specific traits independently can help to mitigate its impact.
In summary, the halo effect is not caused by spending long hours without a break, but rather by an observer's overall impression influencing their evaluation of specific traits.
For more question on
https://brainly.com/question/25922327
#SPJ8