in general, game theory is the study of group of answer choices how people behave in strategic situations. how people behave when the possible actions of other people are irrelevant. oligopolistic markets. all types of markets, including competitive markets, monopolistic markets, and oligopolistic markets.
Answers
The correct option is A, In trendy, Game theory is the look at of how human beings behave in strategic situations.
Game theory is a mathematical framework used to analyze decision-making in situations where multiple individuals or companies interact and their decisions impact each other's outcomes. In business, game theory can help companies make strategic decisions by modeling different scenarios and predicting outcomes.
Game theory can be used in various business applications, such as pricing strategies, advertising, and negotiations. For example, a company can use game theory to determine the optimal price for a product based on the prices set by its competitors. In negotiations, game theory can help companies understand how their counterpart is likely to behave and how to respond accordingly. Overall, game theory can help businesses make more informed decisions by considering the potential actions of others and their likely reactions to different scenarios.
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Complete Question:
in fashionable, game theory is the have a look at of institution of answer selections
A). how human beings behave in strategic situations.
B). how people behave whilst the feasible moves of different people are beside the point.
C). oligopolistic markets.
D). all styles of markets, inclusive of aggressive markets, monopolistic markets, and oligopolistic markets.
Related Questions
Unilever has committed itself to implementing ________ as a core component of strategy and operations. profit sharing corporate social responsibility shareholder actvism cause marketing
Answers
Unilever has committed itself to implementing profit sharing as a core component of strategy and operations. The creative, international company capital dividends Unilever is dedicated to putting employee.
Safety and career opportunities first. Their success abroad has given them good benefits and a solid management plan. There is a sizable body of information that can be added to and used to help programme building at various levels and locations.
Unilever, a global maker of consumer goods, offers products for food and drink, personal care, and home upkeep. Personal care and cosmetics are the sector that generates the most revenue, however the food and beverage sector is now growing at the highest rate. Unilever was placed second in the 2021 Global Access to Nutrition Index after an independent assessment of the nutrition programmes of the top 25 international food and beverage makers.
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Describe the response of a Hospital in a Bio Disaster.
Answers
When a bio disaster occurs, hospitals are one of the most important components of the response team. They are responsible for treating, managing and containing the spread of the disease in order to protect the public health.
A bio disaster can be defined as any event that leads to the release of toxic, infectious, or harmful substances into the environment that can cause harm to humans or other living organisms. The response of a hospital in a bio disaster involves a number of different steps.
The first step is to establish a command center to coordinate the response effort. This involves identifying key personnel who will be responsible for managing the response effort, including the medical staff, administration, public health officials, and emergency responders. Once the command center is established, the hospital will begin to mobilize resources to respond to the disaster. This may include establishing isolation wards to contain the spread of the disease, deploying medical personnel to provide treatment and care, and establishing protocols for handling contaminated materials. In addition, hospitals will work closely with public health officials to monitor the spread of the disease and implement measures to prevent further spread. Finally, hospitals will work to educate the public about the risks associated with the disaster and provide guidance on how to stay safe and healthy.Overall, the response of a hospital in a bio disaster is critical to protecting public health and minimizing the impact of the disaster.
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Is profit the same as cash flow?
Answers
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
A bank will not require security in the form of collateral as a guarantee the loan will be repaid.
True
False
Answers
What types of insurance is David likely to get through his employer?
David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s (Blank)
insurance covers prescription drugs and immunizations. David will also be receiving (blank) insurance at no cost from his employer.
1. casualty, health, life
2. automobile, disability, renters
Answers
Answer:
1. health 2. disability
Explanation:
Answer:
health & disability
Explanation:
How are scarcity and the laws of supply and demand connected?
Answers
Answer:
Scarcity and supply and demand are connected because they determine how much the product costs. First of all, scarcity describes supply. If a product is scarce and demand is high, the supplier would raise the costs for the product, but if there is plenty of supply, and low demand, the supplier would decrease the costs.
Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.
Answers
Answer:
Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69
Explanation:
Per hour amount paid to Matt = $6.75
Total number of hours worked by Matt = 20.25
To find Gross pay, multiply hours worked and hourly rate of pay.
Therefore,
Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69
Consider the following information for Fair Wind Yachts Inc., a manufacturer of sailboat rigging, blocks, and cordage.
Advertising expenses $ 151,500 Depreciation expense—administrative office 75,600 Depreciation expense—plant and equipment 321,500 Depreciation expense—delivery trucks 46,050 Materials inventory, beginning 17,500 Materials inventory, ending 20,250 Direct materials purchases 417,500 Direct labor 518,000 Indirect labor 272,000 Finished goods inventory, beginning 55,300 Finished goods inventory, ending 43,600 Insurance on plant 32,900 Heat and light for plant 22,600 Repairs on plant building 36,750 Supervisor’s salary—plant 98,450 Supplies—plant 132,300 Supplies—administrative office 78,450 Work-in-process inventory, beginning 31,750 Work-in-process inventory, ending 39,600 Sales representatives’ salaries 325,750 Sales revenue 2,916,000 Required:
Prepare a statement of cost of goods manufactured and an income statement for Fair Wind Yachts for the year ended December 31.
Answers
To prepare the statement of cost of goods manufactured and the income statement for Fair Wind Yachts for the year ended December 31, we need to calculate various cost components and expenses. Here are the calculations:
Statement of Cost of Goods Manufactured:
Beginning Work-in-process Inventory $31,750
+ Direct Materials Purchases $417,500
= Total Materials Available for Use $449,250
- Ending Work-in-process Inventory $39,600
= Total Materials Used $409,650
Direct Labor $518,000
+ Indirect Labor $272,000
= Total Labor Cost $790,000
Manufacturing Overhead:
Depreciation Expense—Plant and Equipment $321,500
Depreciation Expense—Delivery Trucks $46,050
Supervisor’s Salary—Plant $98,450
Insurance on Plant $32,900
Heat and Light for Plant $22,600
Repairs on Plant Building $36,750
Supplies—Plant $132,300
= Total Manufacturing Overhead $690,550
Total Manufacturing Costs:
Total Materials Used $409,650
+ Total Labor Cost $790,000
+ Total Manufacturing Overhead $690,550
= Total Manufacturing Costs $1,890,200
Beginning Work-in-process Inventory $31,750
+ Total Manufacturing Costs $1,890,200
= Total Cost of Work-in-process $1,921,950
- Ending Work-in-process Inventory $39,600
= Cost of Goods Manufactured $1,882,350
Income Statement:
Sales Revenue $2,916,000
Cost of Goods Sold:
Beginning Finished Goods Inventory $55,300
+ Cost of Goods Manufactured $1,882,350
= Cost of Goods Available for Sale $1,937,650
- Ending Finished Goods Inventory $43,600
= Cost of Goods Sold $1,894,050
Gross Profit:
Sales Revenue $2,916,000
- Cost of Goods Sold $1,894,050
= Gross Profit $1,021,950
Operating Expenses:
Advertising Expenses $151,500
Depreciation Expense—Administrative Office $75,600
Sales Representatives’ Salaries $325,750
Supplies—Administrative Office $78,450
= Total Operating Expenses $631,300
Net Income:
Gross Profit $1,021,950
- Total Operating Expenses $631,300
= Net Income $390,650
The statement of cost of goods manufactured shows that Fair Wind Yachts incurred a cost of goods manufactured of $1,882,350. The income statement shows that the company generated a gross profit of $1,021,950 and a net income of $390,650 for the year ended December 31.
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Which of the following the least important source of requirement
for system analyst?
user of the current system
reports
procedure
client industry market condition
Answers
The least important source of the requirement for a system analyst among the options provided is the client industry market condition.
When gathering requirements for a system, the system analyst typically focuses on understanding the needs and goals of the user, as they are the main users of the current system. By engaging with the users, the system analyst can identify their pain points and requirements for the new system. This is crucial for designing a solution that meets their specific needs.
Reports and procedures are also important sources of requirements for a system analyst. Reports provide insights into the current system's performance and help identify areas that need improvement. Procedures outline the steps and rules followed in the current system and can provide valuable information for designing the new system.
On the other hand, client industry market conditions may influence the business context in which the system operates, but they are not directly related to gathering requirements for the system. While it's important to have an understanding of the industry and market conditions.
In summary, the user of the current system, reports, and procedures are more important sources of requirements for a system analyst compared to the client industry market condition.
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The study of economics focuses most on...
A. all of the above
B. explaining how people deal with scarcity
C. explaining how incomes are earned and jobs are created
D. studying how things are made bought, sold, and used
Answers
True or false: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.
Answers
True: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.
Social shopping is the use of social media by customers to share experience among themselves. This may even include the sending of e-mails to specific customers about new products that may be of interest to them.
Social shopping allow customers to discuss, share, and shop thereby sharing ideas among one another.
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Why would you put money into a savings account
Answers
Answer:
There are several reasons why you might want to put money into a savings account, including:
Emergency fund: A savings account can be a great place to store money that you may need for unexpected emergencies, such as car repairs or medical bills. Having an emergency fund can provide you with peace of mind and help you avoid having to go into debt to cover unexpected expenses.Short-term goals: If you have short-term financial goals, such as saving for a vacation or a down payment on a house, a savings account can be a good place to save money. Savings accounts typically offer a low rate of return, but they are also low-risk and easily accessible.Saving for future purchases: If you are planning to make a large purchase in the future, such as a car or a home, you may want to start saving money in a savings account. This can help you reach your savings goal over time and avoid having to take out a loan or use credit cards to make the purchase.Building wealth: While savings accounts typically offer a lower rate of return than other types of investments, they are also low-risk and can be a good place to start building wealth. By consistently saving money over time, you can accumulate savings and eventually invest in other assets that offer higher rates of return.Overall, a savings account can be a useful tool for managing your money and achieving your financial goals. It can provide a safe and accessible place to store your money, while also helping you build wealth and prepare for unexpected expenses.
Answer:
To save it.
Explanation:
Saving Bank Account – Most familiar name, almost known to everybody, it is a way to save money for the future without any risk. A Saving Bank Account is the most common type of bank account that allows you to earn interest on the balance maintained in your account. You can deposit money in this account and use the same whenever required while earning interest on it. saving account deposits are liquid funds means it can be withdrawn at any time. Managing your everyday expenses, saving for an emergency or future; a Saving Account is an excellent option. Nowadays, banks are offering different types of Saving Bank Accounts along with lots of features to meet the financial needs of customers.
Why A Saving Bank Account Is Important?
Saving money is always tough, but yes it can be possible by a Saving Bank Account which is a deposit account and you can open at any retail bank. Your hard-earned money kept in your saving an Account is not only safe but also earns you the interest on that amount. Interest on a savings account is calculated quarterly and credited to the account. Nowadays there are several types of Savings Account that can be used for different requirements depends on individual needs. so here are some reasons why Saving Bank Account is important:-
Secure route for money - Saving bank account is a secure option for keeping the money in a bank instead of keeping it at home.
Building well-being credit - Saving bank account is not only keep the money safe but also provide the interest benefits on the amount deposited.
Savings for a child’s future - Being a parent everybody wants a bright future for their children therefore Saving Bank Account comes out to be a very good saving option for all their investment needs.
Savings for a happy retirement – After retirement, all earnings stopped so it's better to save money in saving bank account before you retire. This small saving can give you maximum monetary benefits.
Savings for an Occasion - Life is incomplete without occasions and occasion means celebration/party/fun/gathering etc. Small savings regularly will give you the best feeling on that day.
Savings to fulfill your dreams - Every human being has their own life and dreams. Saving Bank Account is a good option to do saving for dreams etc...
How To Open A Saving Bank Account?
Savings Bank Account is very simple and easy to open and it can be open without any trouble. Now, you can open the saving bank account online meaning that you do not need to step out from your door. You can directly visit the bank website and complete the process to open an account. Here are some important steps to open a Saving Bank Account:-
Choose the right bank as per your needsFollow the procedure given on the bank website or go to the bank directly.Select the Saving Bank Account typeRead the terms and conditions carefullyVerify KYC documentsFill the Saving Account Opening formDeposit Initial Funding in your AccountChoose the right bank suiting your needs - Choosing the right bank is personal and completely based on individual needs. You can check all the details from bank websites which will help you in choosing your right bank but while choosing the bank you must consider your financial situation and your future needs, it will help you in choosing your right bank according to your needs.
Follow the Bank website or go to the Bank - Websites are the best and convenient place to bring in more information about their facilities, products, and services. Follow/visit the bank’s website to know more about the bank in which you want to have an account. Likewise, you can also choose to visit in nearby bank branch physically during the business hours to get the information. Most of the commercial banks are open from 10 AM to 4 PM on weekdays which includes 1st, 3rd, and 5th Saturdays of every month as long as it’s not a gazetted holiday and remain closed on 2nd and 4th Saturday, Sunday’s and public holidays. Few banks nowadays providing 365 days of banking services also.
Select the Saving Bank Account type - A simple and easy way to choose a saving bank account type is keeping your financial needs in your mind. Banks nowadays providing a number of saving account types, each with its own benefits, fees, and charges. Depending on whether you want to operate it single or jointly. Select a type of Saving Bank Account that serves your needs.
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Bannerman is a 3rd year student of GCTU offering a degree in business management. His is interested in investigating the coping strategies adopted by micro, small and medium (MSMES) to survive and innovate during a global pandemic. a. Tease out an appropriate project topic for Bannerman (5 marks) b. Indicate and justify with two (2) reasons the main research approach he can use to conduct his study (10 marks) c. Describe an appropriate research design with justification for the research approach selected (10marks).
Answers
a. An appropriate project topic for Bannerman could be: "Coping Strategies and Innovation in Micro, Small, and Medium Enterprises (MSMEs) during the COVID-19 Pandemic: A Case Study."
b. The main research approach Bannerman can use to conduct his study is qualitative research.
Justification:
In-depth understanding: Qualitative research allows for a detailed exploration and understanding of the coping strategies and innovative practices adopted by MSMEs during the global pandemic. Bannerman can gather rich and nuanced data through interviews, observations, and open-ended questionnaires, enabling him to capture the experiences, perspectives, and motivations of MSME owners and managers.
Contextualization: Qualitative research is well-suited for capturing the contextual factors that influence coping strategies and innovation in MSMEs. Bannerman can examine the unique challenges faced by different types of MSMEs, such as their size, industry, location, and resources, and how these factors shape their responses to the pandemic. This approach allows for a comprehensive analysis of the situational dynamics and the specific context in which MSMEs operate.
c. An appropriate research design for the selected qualitative research approach would be a multiple case study design.
Holistic understanding: A multiple case study design allows Bannerman to study multiple MSMEs, providing a broader perspective on coping strategies and innovation during the pandemic. By selecting a diverse range of cases, such as MSMEs from different industries, sizes, and locations, Bannerman can gain a comprehensive understanding of the various approaches and outcomes across the MSME sector.
In-depth exploration: Case studies offer an opportunity for detailed and in-depth exploration of each selected MSME. Bannerman can collect data through interviews, observations, and document analysis, allowing him to delve into the specific coping strategies, innovative practices, challenges faced, and outcomes achieved by each MSME. This depth of analysis provides valuable insights into the intricacies of MSME responses to the pandemic.
Overall, a qualitative research approach using a multiple case study design will enable Bannerman to explore the coping strategies and innovation in MSMEs during the global pandemic in a holistic and detailed manner, capturing the contextual factors and unique experiences of MSMEs.
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The slogan on the first version of Candy Land was “A sweet little game for sweet little folks.” Why do you think the game makers chose that slogan?
Answers
Please check my answer. :P
What type of person would enjoy a career in education?
A. someone who enjoys working by himself
B. someone who enjoys working short hours and having summers off
C. someone who loves to work with others and help them learn new things
D. someone who is interested in advancing in his career field and becoming rich
The answer I chose is C. "Someone who loves to work with others and help them learn new things." Please correct me if I'm wrong.
Answers
Explanation: someone who would like to become an educator is someone who loves working with other and help them learn new things
Question 3 of 10
Which situation would most likely be covered by long-term disability
insurance?
OA. Elena takes six months off of work after having a second child.
B. Diego takes three months off of work to help care for his aging
father.
C. Omar misses three days of work after having an accident on the
job.
D. Victoria misses work for nine months after suffering a bad injury.
Answers
Answer:
The situation that is most likely to be covered by long-term disability insurance is option D, where Victoria misses work for nine months after suffering a bad injury. Long-term disability insurance is designed to provide income replacement for an extended period of time in the event that an individual becomes unable to work due to a serious illness or injury. In this case, Victoria's injury has caused her to miss work for a significant length of time, which would likely qualify her for long-term disability insurance benefits.
Option A, where Elena takes six months off of work after having a second child, would not typically be covered by long-term disability insurance, as this is a planned absence from work and not due to an unexpected illness or injury.
Option B, where Diego takes three months off of work to help care for his aging father, would also not be covered by long-term disability insurance, as this is a personal leave and not due to a disability or injury that prevents him from working.
Option C, where Omar misses three days of work after having an accident on the job, is a short-term absence and would not typically be covered by long-term disability insurance, which is designed to provide coverage for extended periods of time.
According to the video, what are some qualities needed by workers involved in sales? Check all that apply.
physical strength
politeness
first-aid skills
good speaking skills
Answers
Answer:
B and D
Explanation:
According to the video, politeness and good speaking skills are qualities needed by workers involved in sales. Thus, options B and D are the correct options.
What Does a Sales Representative Do?Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact. It is the perfect job if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly affects how much money you earn.
All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end. Some sales representatives would make cold calls to potential customers they locate in company directories or client referrals.
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How has the splintering of sport media coverage not effected sport PR professionals? a) less off-the-field scrutiny of athletes, coaches, and executives b) more outlets to pitch stories c) more specialized coverage of industry segments such as fantasy sports and sport business d) greater demand for content and 24/7 coverage
Answers
With additional channels to pitch stories to, sport PR professionals were unaffected by the fragmentation of sport media coverage.
How does media influence sports participation?Newspapers, magazines, books, radio, the internet, and television are all examples of the media. The following methods media attention can promote participation: By covering games and events and speaking with experts, it raises interest in and knowledge of sports and other activities.
What part does the media play in the coverage of sports?Sports marketing and promotion are heavily reliant on the media. With a variety of venues, including television, radio, print, and online media, the media may reach a sizable audience and advertise sporting events and sponsorships. By covering sporting events, the media helps to promote sports.
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According to the video, what are some decisions that Architects make? Select four options.
how much money a building will be worth when finished
what traffic patterns people will follow
how people will feel when they enter or leave a building
how many laborers are needed for a project
where to put doors, walls, and windows
what building materials to use
which people will be allowed to enter a building
Answers
The decisions that Architects make include:
how much money a building will be worth when finished.how people will feel when they enter or leave a building.where to put doors, walls, and windows.what building materials to use.Who is an architect?It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.
In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.
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Answer:
above answer is wrong
Explanation:
Purchasing, sales, and merchandising are all related careers. What do they have
in common?
Answers
Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
i agree with her/him They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them.
Explanation:
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhen Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answers
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
What is the difference between a savings account and a checking account? (Select all that apply.)
Savings accounts pay higher interest than checking accounts.
Deposits in savings accounts, not checking accounts, are used by a bank to invest.
Savings accounts have more restrictions than checking accounts.
Savings accounts are covered more by the FDIC than checking accounts.
Answers
A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.
Comprehensive insurance is when your insurance company usually
OA. Covers just collisions with a lot of cars at once
OB. Includes health insurance for any injuries.
OC. Covers collision and physical damage.
OD
Can't help you if you are driving in an area that has a high rate of
accidents and a lot of crime.
Answers
The Comprehensive insurance is the insurance company usually covers collision and physical damage to the vehicle.
Comprehensive insurance as its name connotes is the insurance which cover extensively, all the peril which can cause damage or loss to the insured subject matter.
The Comprehensive insurance have a greater coverage than the
Third party onlyThird party, fire and theft.Therefore, the Option C is correct because its best describes the coverage of the Comprehensive insurance.
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an example of the opportunity cost of the war against terrorism
Answers
The night before an exam, a student goes to the movies for three hours and spends $20. Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
How much does terrorism cost the economy?Terrorism's economic impact in 2018 is estimated at $US 33 billion, according to this paper. Terrorism cost the world economy $855 billion between 2000 and 2018.
Which examples of opportunity costs must a government take into account?Not getting a new car has the opportunity cost of going on a vacation instead of spending the money on one. At the point when the public authority burns through $15 billion on premium for the public obligation, the open door cost is the projects the cash could have been spent on, similar to training or medical care.
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Tyrrell's small lumber company aims to fulfill the economic foundation of business. What first step must his company take to achieve this goal?
-be a good corporate citizen
-save the environment
-obey the law
-earn profits
-do what is right
Answers
The first step must his company take to achieve this goal is: earn profit.
What is profit?Profit is what a person gain from the sell of products after deducting their expenses and other production cost.
In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.
Therefore the company needs to earn profit.
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Activity
You are a sales person in a vitamin store. What steps can you take to move up the company?
Answers
As a sales person I Look for a high-quality vitamin line that the pharmacist is willing to endorse. Brand loyalty is higher for premium vitamins than for inferior products.
How do you climb the corporate ladder?The first step towards climbing the corporate ladder might not be requesting for the new position just yet. Many AdRoll Group employees credit one small detail—mastering their core role—for their success in progressing forward in the organization.
Is it wise to advance in a company?You may remain enthusiastic and involved in your work if you have the chance to advance in your organization. Greater income, new initiatives, and increased power at work may accompany promotions. Getting promoted at work also looks.
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Explain the limitations of statistics
Answers
Tony earned a bachelor's degree at a public school. Which type of higher education institution did he attend?
A.
A 2-year college.
B.
A propriety school.
C.
A theological school.
D.
A 4-year university.
Answers
Answer:
D
Explanation:
Bachelor Degree is 4 years
Answer:
D.
A 4-year university.
Explanation:
If a competitive firm can make enough revenue to cover its variable costs, the firm will?
Answers
If a competitive firm can make enough revenue to cover its variable costs, the firm will: choose to remain open.
Variable costs are costs that alternate as the amount of the coolest or carrier that a enterprise produces modifications. Variable charges are the sum of marginal fees over all gadgets produced.
They also can be taken into consideration normal charges. fixed prices and variable costs make up the two components of overall price.
Variable costs are costs that change as the quantity changes. Examples of variable costs are raw materials, piece-rate hard work, production substances, commissions, transport prices, packaging components, and credit score card prices. In some accounting statements, the Variable prices of production are referred to as the “fee of goods offered.”
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