According to the given information, the company K & C plans to sell 1,500 units. The selling price per unit is $24. There are 500 units in the beginning inventory and the company would like to have 150 units in ending inventory.
Given, Number of units to be sold (Demand) = 1,500 units Selling price per unit = $24Beginning inventory = 500 units Ending inventory = 150 units
First, let's find out how many units will be needed to meet the demand and maintain the ending inventory level:
Units needed to meet demand and maintain ending inventory = Demand + Ending inventory - Beginning inventory= 1,500 + 150 - 500= 1,150 units
The company needs to produce 1,150 units to meet the demand and maintain the ending inventory level.
Therefore, the required answer is, "The company needs to produce 1,150 units to meet the demand and maintain the ending inventory level.
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Expected daily production is $2,720 Oil price of each barrel value is $50 Days is 365 days Now, Calculate the annual cash revenues from a new perimeter. use a future oil price of $100 per barrel.
The annual cash revenues from the new perimeter using a future oil price of $100 per barrel is $1,985,600.
1. Expected daily production: $2,720
2. Current oil price per barrel: $50
3. Number of days in a year: 365
4. Future oil price per barrel: $100
First, we need to find the number of barrels produced daily. To do this, divide the expected daily production by the current oil price per barrel:
Daily barrels produced = Expected daily production / Current oil price per barrel
Daily barrels produced = $2,720 / $50 = 54.4 barrels
Now, we need to calculate the total number of barrels produced annually:
Annual barrels produced = Daily barrels produced * Number of days in a year
Annual barrels produced = 54.4 barrels * 365 days = 19,856 barrels
Next, calculate the annual cash revenues using the future oil price per barrel:
Annual cash revenues = Annual barrels produced * Future oil price per barrel
Annual cash revenues = 19,856 barrels * $100 per barrel = $1,985,600
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Which control standard is stated most effectively?
Multiple Choice
Praise employees more often this month.
Empower employees to make more decisions next year.
Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
Cut the number of finished product rejects.
The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
What is meant by the term control standard?This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.
It helps in the comparison of the subsequent performance with the performance that used to exist.
Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.
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As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.
False
True
Answer:
True.
Explanation:
A referee can be defined as an individual who stands as a guarantor for a job applicant with respect to their character and professionalism.
As long as your references know you are job hunting, it isn’t necessary to update them regarding every interview you attend.
The most helpful kind of business and why?
Answer:
Hair Salon
Explanation:
An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.
If the labor force is 1000 workers, but 32 are unemployed, what is the unemployment percentage?
3.2% is the unemployment percentage, if the labor force is 1000 workers, but 32 are unemployed.
What is the reason of unemployment?Unemployment is influenced by a lot of circumstances on both the demand and supply sides. Rising interest rates, a global recession, and a banking meltdown may all contribute to demand-side decreases. Underemployment and structural employment have a big impact in the supply side.
Thus, it is 3.2 percent.
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A college student could take an elective course that inspires him or her to
study a secondary field, which is caled:
A. a minor.
B. a specification.
C. a specialization.
D. an elective requirement.
Answer:
it should be A a minor
Explanation:
The primary field of education is called a Major while a secondary one is a minor.
Answer:
A. a minor
Explanation:
somebody who's just a teen
QUESTION 12
Samuel works in the purchasing department of a major manufacturing company. When making purchasing decisions for
his company, Samuel:
a. will have a lot of flexibility in the criteria he uses to select the goods.
b. is likely to have a problem with cognitive dissonance.
c. is likely to apply rational criteria to the purchase decision.
d. will typically confront sellers unwilling to negotiate on prices or terms of sale.
Answer: C. Is likely to apply rational criteria to the purchase decision.
Explanation:
We should note that when making purchasing decisions for his company, Samuel is likely to apply rational criteria to the purchase decision.
Since he makes purchasing decisions, there'll be some times that he'll have to make logical decisions that he believes will be beneficial to the company.
Rational behavior has to do with the fact that individuals make decisions that results in the highest satisfaction or benefit.
What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children?
Quick! When applying for a job, what are 2-3 things a hiring manager might ask you to send them?
Answer:
Social security number, birth certificate, and driver's license or state ID.
If you don't have a license then give them your ID.
Explanation:
The document the hiring manager will ask includes the Social security number, Birth certificate and Valid identification card
The hiring manager is the manager who perform the task of Human resources manager because he is responsible for selection process, interview and training of qualified applicant for a job.
Usually, the hiring manager will ask the qualified manager to send him some document after his successful selection to work in the company. They includes
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In the airline industry, the ______________ of offering international routes restricts movement between hub-and-spoke and point-to-point airlines.
In the airline industry, the exit barrier of offering international routes restricts movement between hub-and-spoke and point-to-point airlines.
What is the exit barrier?This is the term that is used to describe all of the challenges and the impending difficulties that may prevent a company from exiting a market.
This question tells us that it is a barrier of exit and restriction of movement between hub-and-spoke and point-to-point airlines.
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Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
question modemultiple select questionselect all that applyof the following, which three would be considered a component of the marketing plan? (check all that apply.)multiple select question.advertising tie-insproduction schedule marketing strategy situation analysis financial section
The three components that would be considered component of marketing plan are advertising, financial section and marketing strategy.
What is advertising?Advertising is a process and a set of techniques used to promote a product or service. Businesses try to get consumers to notice their products and services by using advertising. Commercial advertising typically aims to increase customer use of their products or services through "branding," in which consumers associate a product name or image with particular characteristics. On the other side, direct-response advertising describes commercials that are intended to stimulate an immediate purchase. Non-commercial entities that advertise their goods or services more than for-profit businesses include political parties, interest groups, religious institutions, and governmental agencies. Public service announcements are one type of free persuasion that non-profit groups are permitted to use.
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internationally, the oligopoly model exists in _________ nations that allow written agreements to set market price and market share.
The oligopoly model exists in few nations that allow written agreements to set market price and market share.
Oligopoly is a market structure where a small number of firms have a large share of the market. These firms can interact with each other and influence the market price and market share. In some countries, written agreements between oligopolistic firms are allowed. This means that these firms can explicitly agree on the market price and market share. However, in most countries, written agreements between oligopolistic firms are illegal. This is because such agreements are considered to be a form of collusion, which is illegal in most countries.
The only countries that allow written agreements between oligopolistic firms are few. These countries include Japan, South Korea, and China. In these countries, the government regulates the oligopolistic markets and allows these firms to make written agreements. However, these agreements are subject to strict government oversight.
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Marwick’s Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,489 per unit and then sells them to retail customers for an average price of $3,400 each. The company’s selling and administrative costs for a typical month are presented below:
Costs Cost Formula
Selling:
Advertising $964 per month
Sales salaries and commissions $4,787 per month, plus 5% of sales
Delivery of pianos to customers $63 per piano sold
Utilities $654 per month
Depreciation of sales facilities $4,927 per month
Administrative:
Executive salaries $13,552 per month
Insurance $717 per month
Clerical $2,481 per month, plus $41 per piano sold
Depreciation of office equipment $885 per month
During August, Marwick’s Pianos, Incorporated, sold and delivered 63 pianos.
Required:
a. Prepare a traditional format income statement for August.
b. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin.
a. Traditional Format Income Statement for August:
Marwick's Pianos, Incorporated
Income Statement
For the Month Ended August 31
Sales Revenue:
Sales (63 pianos x $3,400 per piano) $214,200
Cost of Goods Sold:
Cost of pianos sold (63 pianos x $1,489 per piano) $93,867
Gross Profit $120,333
Selling and Administrative Expenses:
Advertising $964
Sales salaries and commissions ($4,787 + 5% of $214,200) $15,242
Delivery of pianos to customers (63 pianos x $63 per piano) $3,969
Utilities $654
Depreciation of sales facilities $4,927
Executive salaries $13,552
Insurance $717
Clerical ($2,481 + 63 pianos x $41 per piano) $5,844
Depreciation of office equipment $885
Total Selling and Administrative Expenses $46,754
Operating Income $73,579
b. Contribution Format Income Statement for August:
Marwick's Pianos, Incorporated
Income Statement
For the Month Ended August 31
Sales Revenue $214,200
Variable Costs:
Cost of pianos sold (63 pianos x $1,489 per piano) $93,867
Sales salaries and commissions (5% of $214,200) $10,710
Delivery of pianos to customers (63 pianos x $63 per piano) $3,969
Clerical (63 pianos x $41 per piano) $2,583
Total Variable Costs $111,129
Contribution Margin $103,071
Fixed Costs:
Advertising $964
Utilities $654
Depreciation of sales facilities $4,927
Executive salaries $13,552
Insurance $717
Depreciation of office equipment $885
Total Fixed Costs $21,699
Operating Income $81,372
Note:
- The traditional format income statement separates costs into cost of goods sold and selling/administrative expenses.
- The contribution format income statement separates costs into variable costs and fixed costs, allowing for the calculation of contribution margin.
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3.1 Conduct a table of South African firms or organisations that are/were implicated in collusion between 2020 and 2022 and complete the table below. Industry Allegations Firms/ Organisations Involved Market structure (15)
This table is not exhaustive and only highlights a few instances of collusion in South Africa between 2020 and 2022. The market structure in these examples is predominantly oligopoly, with the exception of the healthcare industry, which features monopolistic competition.
| Industry | Allegations | Firms/Organizations Involved | Market Structure |
|----------------------|--------------------------------------------------------------|------------------------------------|-----------------------|
| Construction | Bid-rigging, price-fixing, and market allocation | WBHO, Stefanutti Stocks, Aveng | Oligopoly |
| Banking | Price-fixing and market manipulation in forex trading | Standard Bank, ABSA, Investec | Oligopoly |
| Food and Agriculture | Price-fixing and market allocation in the milling industry | Pioneer Foods, Premier FMCG, Tiger Brands | Oligopoly |
| Healthcare | Collusion in the supply of surgical masks during COVID-19 | Dis-Chem, 3M South Africa | Monopolistic Competition |
| Automotive | Collusion in the supply of automotive components | Takata Corporation, Autoliv Inc | Oligopoly |
Research: Start by conducting online research using reputable news sources, industry publications, and government reports. Look for any reports or investigations related to collusion in South Africa during the timeframe you specified.
Allegations: Identify the specific allegations made against the firms or organizations involved in the collusion. Note the nature of the collusion, such as price-fixing, bid-rigging, or market allocation.
Firms/Organizations: Compile a list of the South African firms or organizations that have been implicated in the collusion cases you found. Note their names, along with any relevant information about their industry, sector, or size.
Market Structure: Assess the market structure in which the collusion took place. Determine whether the market is highly concentrated or fragmented, whether there are barriers to entry, and any other relevant characteristics that may have facilitated collusion.
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True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographic location.
A lot of people do buy special insurance for their homes. Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographic location is a true statement.
Special insurance policy expressly are often made so as to offer a sure or verified form of protection in the event of some particular circumstances.The business or property that one has would need own set of special insurance coverages for the unforeseen risks and it is better to take a special policy that is based on one's geographical location.
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jacob was recently looking at his company's organization chart in an attempt to discover who reports to whom. jacob is studying his organization's:
Jacob was recently trying to figure out who reports to whom in his firm by looking at the organisational structure. Jacob is researching the line of command inside his company.
What function does the chain of command serve?The chain of command in a company determines who and when personnel should report to whom from the bottom to the top. Decision-making authority, accountability, and lines of authority are all made possible.
According to the chain of command, a person has more power, authority, and influence the higher up in the organisation they are. The chain of command is divided into four levels: the top management, the middle managers, the lower managers, and the rank and file.
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New Agency Debby Just got a job as an assistant in a new federal agency called the Accounting Commission that was set up to regulate the accounting and auditing profession. The agency is headed by commissioners who serve for fixed terms and cannot be removed except for cause. Additionally, no more than a majority of the commissioners may be from the same political party. Her agency is getting ready to Issue rules. The enabling legislation that set up the Accounting Commission specified that the agency could make rules but said nothing about the form of the rules. Debby's boss, Blare, gave her some proposed rules and asked her to be sure that they were published and to take care of the next step in the approval process. Blalte also told her that at this point she was not very interested in hybrid rule making. After publication, What would be the next step in obtaining enactment of the proposed rules?
A. vote in the United States Congress
B. Approval by the US president through the stance of an active order
C. Apublic hearing
D. An opportunity for parties to be witten comments
E. Ang before medie lige IAL
Answer:
D. An opportunity for parties to be written comments
Explanation:
New agency is making some new rules for legislation. Blare, the boss of Debby gave her some of the proposed rules and asked her to publish them for the people and prepare for the next approval process.
So for the next step after Debby provides a public notice to its citizens is the opportunity for the common public and the interested parties to study the rules and sends their thoughts and comments on the rules made so that the agency can analyze those comments and consider the positive views in the rules and can also respond to their comments.
Thus the correct option is (D).
QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?
Answer:
$31.25
Explanation:
40 hours a week x 4 weeks a month = 160 hours of work per month
$5,000 divided by 160 = $31.25
Someone asked me "hru" but I dont feel anything rn. Like, I don't feel good, bad, OR in between. What do I say?
Answer:
Maybe ask them how THEY are doing
Explanation:
what is business and what is occupation
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
Please mark me brainliest! I need it! Please!
Retailing is composed of all of the business activities that add value to the products and services customers buy. This includes:
Answer: Finance, purchasing, accounting, suppying
Explanation:
Retailing is known as a sub middleman in business that buys from the wholesaler and sells to the consumer in smaller quantity not as big as the wholesaler.
The following are activities of the retailer, although it might not be all followed by many retailers but depending on their ability and understanding
-Finance
-Purchasing
-Accounting
-Management Information System
-Supply management including warehouse and distribution management.
Retailing consists of a wide range of business activities that together add value to the products and services that customers buy. These activities are key to meeting customer needs and ensuring a smooth and satisfying shopping experience. Some of the key components of retail include:
1. Merchandising: Retailers engage in merchandising activities to prepare and present a diverse range of products and services to customers. This includes selecting, sourcing, pricing and displaying merchandise in a way that appeals to the target market.
2. Inventory Management: Retailers are responsible for managing inventory levels to ensure product availability to meet customer demand. This includes forecasting demand, optimizing inventory turnover and implementing efficient replenishment processes.
3. Store Operations: Day-to-day retail store operations include activities such as store layout and design, staffing, customer service, sales management, and security. These activities are essential to creating a pleasant and customer-friendly environment.
4. Marketing and Promotion: Retailers use various marketing strategies and promotional activities to attract customers, build brand awareness and promote sales. This includes advertising, public relations, social media marketing, loyalty programs and sales promotion.
5. E-commerce and Omni-channel retailing: With the rise of online shopping, retailers are engaging in e-commerce activities to provide convenience to customers in purchasing products online. They also adopt omnichannel strategies to integrate online and offline channels to create a seamless shopping experience.
6. Supply Chain Management: Retailers work closely with suppliers and distributors to ensure the efficient movement of products from manufacturers to stores or customers. Effective supply chain management includes logistics, warehousing, transportation and order fulfillment.
7. Customer Relationship Management (CRM): Retailers focus on building and maintaining strong relationships with customers through personalized service, loyalty programs and targeted marketing efforts. CRM helps retailers understand customer preferences, behavior and buying patterns.
Overall, retailing encompasses a complex set of activities aimed at delivering value to customers and promoting business success. It involves the integration of various features and strategies to create a positive and engaging retail experience for customers.
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The inverse market demand curve for bean sprouts is given by P(Y) = 200-15 Y, and the total cost function for any firm in the industry is given by TC(y) = 20 y. Marginal cost for any firm in the industry is MC(y) = 20.
a. The change in price for a one-unit increase in output is equal to _______. If the bean-sprout industry were perfectly competitive, what’s the industry output and industry price at the long-run equilibrium?
b. Suppose that two Cournot firms operated in the market. Write down firm 1’s profit maximization problem given firm 2’s output level y2.
c. What’s the reaction function for firm 1? Find it from the profit maximization problem in (b) (Reminder: Unlike the example in your textbook, the marginal cost is not zero here.)
d. Suppose that two Cournot firms operated in the market. What’s firm 2’s profit maximization problem given firm 1’s output level y1 and its reaction function?
e. If the firms were operating at the Cournot equilibrium point, industry output would be _____, each firm would produce______, and the market price would be _____.
f. For the Cournot case, draw the two reaction curves and indicate the equilibrium point on your graph.
f. Suppose one firm acts as a Stackeberg leader and the other firm behaves as a follower. The Maximization problem for the leader can be written as_______________________. Solving this problem, what’s output and follower’s output at the Stackleberg equilibrium? What's the industry price?
The industry output at the long-run equilibrium is 12 units, the industry price at the long-run equilibrium is $20.
a. The change in price for a one-unit increase in output is equal to the inverse of the market demand curve's slope, which is -15. Therefore, the change in price for a one-unit increase in output is -15.
In a perfectly competitive market, the industry output at the long-run equilibrium is determined by setting the industry's total supply equal to the market demand. In this case, the total cost for any firm in the industry is TC(y) = 20y, and the market demand is given by P(Y) = 200 - 15Y.
To find the industry output at equilibrium, we equate total cost and total revenue:
TC(y) = P(Y) * y
Substituting the given equations:
20y = (200 - 15Y) * y
Simplifying:
20 = 200 - 15Y
15Y = 180
Y = 12
To find the industry price at equilibrium, we substitute the industry output into the market demand equation:
P(Y) = 200 - 15Y
P(12) = 200 - 15(12)
P(12) = 200 - 180
P(12) = 20
b. Firm 1's profit maximization problem given firm 2's output level y2 can be written as follows:
Maximize π1 = (P(Y) - MC(y1)) * y1
P(Y) = 200 - 15Y (market demand curve)
MC(y1) = 20 (marginal cost for any firm in the industry)
y1 = firm 1's output level
y2 = firm 2's output level
c. To find firm 1's reaction function, we need to solve its profit maximization problem from part (b) for y1. Taking the derivative of π1 with respect to y1 and setting it equal to zero:
dπ1 / dy1 = (P(Y) - MC(y1)) + (y1 * dP(Y) / dy1) - MC'(y1) = 0
Where MC'(y1) is the derivative of the marginal cost function with respect to y1.
d. Firm 2's profit maximization problem given firm 1's output level y1 and its reaction function can be written as follows:
Maximize π2 = (P(Y) - MC(y2)) * y2
P(Y) = 200 - 15Y (market demand curve)
MC(y2) = 20 (marginal cost for any firm in the industry)
y1 = firm 1's output level (from firm 1's reaction function)
y2 = firm 2's output level
e. At the Cournot equilibrium point, the firms' outputs are determined by each firm's reaction function. The industry output is the sum of the individual firm's outputs. The market price is determined by the market demand curve.
Since the reaction functions and equilibrium outputs are not provided, we cannot determine the specific values for industry output, each firm's output, and the market price.
f. Since the specific reaction functions and equilibrium outputs are not provided, we cannot draw the reaction curves or identify the equilibrium point on the graph.
f. In the Stackelberg leader-follower scenario, the leader firm maximizes its profit taking into account the follower's response. The leader's profit maximization problem can be written as:
Maximize π1 = (P(Y) - MC(y1)) * y1
P(Y) = 200 - 15Y (market demand curve)
MC(y1) = 20 (marginal cost for any firm in the industry)
y1 = leader's output level
y2 = follower's output level
Solving this problem will give us the output level for the leader and the follower at the Stackelberg equilibrium. The industry price can be determined by substituting the industry output into the market demand curve. Unfortunately, without the specific values for the follower's response and the leader's output, we cannot calculate the output levels or the industry price.
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Briefly analyse the role of the public manager by indicating his/her role in directing all resources towards achieving strategic objectives
The role of the public manager is to plan, organize, direct and control organizational resources to achieve strategic objectives.
What are the responsibilities of public managers?It is a professional responsible for managing resources in order to satisfy the needs of a public, as in governmental institutions whose objective is to promote public health and safety.
Therefore, a public manager must be able to analyze the needs and manage an organization effectively to achieve the objectives determined by planning.
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Which part of effective leadership deals with maintaining equity?
Answer:
the part where you have to lead
Explanation:
f the supply and demand curves intersect at $47, then any price above that would result in:
a. a shortage.
b. a surplus.
c. an increase in demand.
d. equilibrium.
If the supply and demand curves intersect at $47, any price above that would result in a surplus (b)
In economics, the point at which the supply and demand curves intersect is known as the equilibrium point. At this price, the quantity demanded by consumers matches the quantity supplied by producers, resulting in a balanced market.
If the price is set above the equilibrium price, it creates a situation where the price is higher than what consumers are willing to pay. This leads to a decrease in demand as consumers find the product less desirable at the higher price. However, producers are willing to supply more at the higher price, leading to an excess supply or surplus. The surplus occurs because the quantity supplied exceeds the quantity demanded.
Therefore, in this scenario, any price above $47 would result in a surplus, represented by option b) a surplus.
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Which of the following choices is an example of an installment loan?
a fixed rate home loan
a variable rate credit card
a mutual fund
a utility bill
Capital, such as a car or home, is often used to secure a loan.
True
False
International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
True False
Answer: True
Explanation:
International trade is simply exchange of goods and services that take place between countries. It should be noted that gloabl trading gives the countries and the consumer opportunity through which they're exposed to the produfte that they don't have in their countries.
International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
This is True
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
What are the four main objectives of the NCAA licensing program.?
The four main objectives of the NCAA licensing program are, Securing the NCAA brand, Generating revenue, Promoting fair play and amateurism, Supporting fans and graduated class.
What are the four main objectives of the NCAA licensing program?Securing the NCAA brand: The authorizing program guarantees that the utilize of the NCAA title, logos, and marks are authorized and utilized suitably. This makes a difference secure the keenness and esteem of the NCAA brand.
Generating revenue: The authorizing program produces income for the NCAA and part educate through the deal of authorized stock. This income is utilized to bolster
NCAA programs and activities, such as grants, scholarly back, and sports security investigate.
Promoting fair play and amateurism: The permitting program makes a difference advance reasonable play and awkwardness in college sports by guaranteeing that authorized items don't portray student-athletes in a proficient or commercial setting.
Supporting fans and graduated class: The permitting program gives fans and graduated class with get to to a wide run of NCAA-branded stock, permitting them to appear their back for their favorite groups and schools. This makes a difference construct and keep up a solid association between fans and the NCAA.
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