mala, the manager of a jewelry store, conducts statewide market research and collects data on customer preferences for various jewelry items. based on her findings, she has to create a forecast of the items that customers are most likely to purchase. in this scenario, mala will most likely be performing the of marketing research. group of answer choices descriptive role diagnostic role predictive role prescriptive role
Answers
In the given scenario, Mala will most likely be performing the c. predictive role of marketing research.
With the use of market research, one may gather information on any topic they are interested in, understand it, and utilise it to make informed decisions. Mala, the manager of a jewellery store, is executing the predictive function of marketing research in the scenario by gathering information on client preferences and forecasting the goods that consumers are most likely to buy.
Making predictions and projections regarding future market trends, consumer behavior, and preference entails employing data and statistical analysis. The predictive job is aligned with Mala's responsibility to analyze consumer preference data and use it to anticipate the products that customers are most likely to buy.
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Complete Question:
mala, the manager of a jewelry store, conducts statewide market research and collects data on customer preferences for various jewelry items. based on her findings, she has to create a forecast of the items that customers are most likely to purchase. in this scenario, mala will most likely be performing the_____ of marketing research.
a. descriptive role
b. diagnostic role
c. predictive role
d. prescriptive role
Related Questions
what is the best free editing app for gamers?
Answers
Operations management is only about being as cost-effective as possible.
O True
O False
Answers
Answer:
True
Explanation:
Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
Create a decision tree for the following question: You go to the racetrack and are choosing between 2 horses: Belle and Jeb. Someone comes and offers you gambler's anti-insurance. If you agree to it, they pay you $2 up front and you agree to pay them 50% of any winnings (that is, $0.50 if Belle wins, and $5 if Jeb wins). You can then bet on Belle (it costs $1 to place a bet; you will be paid $2 if she wins (or a net profit of $1),) or bet on Jeb. It costs $1 to place a bet; you will be paid $11 if he wins (for a net profit of $10). You believe that Belle has a probability 0.7 of winning and that Jeb has a probability 0.1 of winning. There is (are) type your answer... (enter a number) decision(s) to be made. According to Baye's decision rule, we should take the insurance and bet on Jeb What is the expected payoff of not taking the insurance and betting on Belle?
Answers
the expected payoff of not taking the insurance and betting on Belle is: (0.7 * $3) + (0.3 * -$1) = $1.80 (rounded off to the nearest cent).Hence, if you do not take the insurance and place a bet on Belle instead, the expected payoff would be $1.80.
Decision tree of the question You go to the racetrack and are choosing between 2 horses: Belle and Jeb. Someone comes and offers you gambler's anti-insurance. If you agree to it, they pay you $2 up front and you agree to pay them 50% of any winnings (that is, $0.50 if Belle wins, and $5 if Jeb wins).
You can then bet on Belle (it costs $1 to place a bet; you will be paid $2 if she wins (or a net profit of $1),) or bet on Jeb. It costs $1 to place a bet; you will be paid $11 if he wins (for a net profit of $10). You believe that Belle has a probability 0.7 of winning and that Jeb has a probability 0.1 of winning. There is one decision to be made. According to Baye's decision rule, we should take the insurance and bet on Jeb.
The net amount to be paid is $4.5 for the insurance, $1 for the bet and a potential $5 profit from the winnings, for a total of $0.5. On the other hand, if we bet on Belle, the net payout is $1 from the bet and a potential $2 profit from the winnings, for a total of $3 in winnings.
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tracy williams deposits $500 that was in her sock drawer into a checking account at the local bank. a. how does the deposit initially change the t-account of the local bank? use the accompanying chart to illustrate the changes.
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If Tracy Williams deposits $500, then
(a) it will increase the deposits (liability) of the local-bank by $500 and
(b) deposit will also increase the money supply by $500.
The "T-Account" is defined as a type of accounting tool used to represent the financial transactions of a business or an individual.
Part(a) :
When Tracy Williams deposits $500 into her checking account at the local bank, the T-account of the local bank will be affected as follows:
⇒ Increase in Deposits: The deposit of $500 will increase the deposits (liability) of the local bank by $500.
⇒ Increase in Reserves: Let us assume the reserve requirement is 10%, then the local bank will need to hold $50 (10% of $500) as reserves.
So, the deposit of $500 will increase the reserves (asset) of the local bank by $50.
The T-account of the local bank after the deposit will be:
⇒ Assets:
Reserves: $50
Loans: $0
⇒ Liabilities:
Deposits: $500
Part (b) :
The deposit of $500 will also increase the money-supply by $500, as it is considered as new money that enters the economy.
This is because the deposit increases the amount of money held in the checking account of Tracy Williams, which she can now spend or transfer to other individuals or businesses.
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The given question is incomplete, the complete question is
Tracy Williams deposits $500 that was in her sock drawer into a checking account at the local bank.
(a) How does the deposit initially change the T-account of the local bank?
(b) How does it change the money supply?
Grainger Distribution Company sold Long Electronics ten circuit breakers for $179.00 each. Long Electronics will be allowed thirty days to pay the bill. Grainger will carry the $1790.00 on its books as a(n):
Answers
In its accounting statement, Grainger will carry the $1,790.00 on its books as an accounts receivable.
What is an accounts receivable?This refers to the payment that the company will receive from its customers who have purchased its product.on credit.
Therefore, the amount of $1,790.00 on its books will be recorded as an accounts receivable.
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Kristoffer needs to create cell names that match the column headings he has already created. Select the correct navigational path to set those names using the Create from Selection command. Click on the tab on the ribbon and look in the Defined Names gallery.
Answers
Answer:
formula
create from selection
top row
Explanation:
just took the question on edge
The correct navigational path to create cell names that match the column heading using the Create from Selection command is: Click on the Formula tab on the ribbon and look in the Defined Names gallery. Select the range of cells, including the row that includes the name you wish to use. Select Create from Selection. Select Top row and click OK.
What is a cell?Cells are the boxes that appear in an Excel worksheet's grid. On a worksheet, each cell is identified by its reference, the column letter and row number that intersect at the cell's location.
Instead of creating cell names one by one, "Create from Selection" tool can be used to create cell names from a selection. The tool is in the "Defined Names" group of the Formulas menu.
Therefore, the correct path for using the Create from Selection command is first to click on Formula tab and look in the Defined Names gallery. Then select the range of cells, including the row that includes the name wish to use. Select Create from Selection. Select Top row and click OK.
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negative and positive impact of monopolies in south Africa
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The positive impacts of monopoly in South Africa are related to the advantages of companies, which charge higher prices and generate economies of scale.
The disadvantages are related to the consumer, who pays higher prices since in a monopolistic market there are no more alternatives to obtain a good or service.
What is monopoly?It is a market situation where there are no competitors, with a company being the only one to sell a product or service, being the holder of the price and market power.
Therefore, a monopoly situation can be harmful to a country, leading to barriers to entry by competitors, reduced purchasing power of individuals and price exploration.
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Are the following statements true or false? Explain in each case.
“Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.”
“Certain very talented people have a comparative advantage in everything they do.”
“If a certain trade is good for one person, it can’t be good for the other one.”
“If a certain trade is good for one person, it is always good for the other one.”
“If trade is good for a country, it must be good for everyone in the country.”
Answers
1. True. Even if one country has an absolute advantage in the production of all goods, both countries can still benefit from trade if the other country has a comparative advantage in the production of certain goods.
2. False. Even the most talented people are not good at everything but they might be better at some things than others, but they cannot be excellent at everything.
3. False. Trade can be beneficial for both parties involved.
4. False. Trade can be beneficial for one party but not necessarily for the other.
5. False. International trade can have negative consequences for certain groups of people.
Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
Describe ways in which a verbal/linguistic learner prefers to learn.
Answers
Answer:
People with verbal-linguistic learning styles learn best when taught using spoken or written materials. They prefer activities that are based on language reasoning rather than abstract visual information. ... They usually enjoy written projects, speech and drama classes, debate, language classes, and journalism.
Explanation:
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On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE
Answers
Answer:
True
Explanation:
The correct answer is - True
Reason -
Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.
The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.
List 3 responsibilities that a consumer has when making a purchase.
Answers
Answer:
check receipt, know the return policy, read the fine print
Explanation:
Welcome
Wang co. manufactures and sells a single product that sells for $420 per unit; variable costs are $231 per unit. annual fixed costs are $909,000. current sales volume is $4,220,000. compute the contribution margin per unit.
Answers
The contribution margin per unit is 4809.52.
What is the contribution margin?Contribution margin is the level of output at which revenue would equal zero.
Contribution margin = fixed cost / (price - variable cost)
909,000 / (420 - 231)
909,000 / 189 = 4809.52
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Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answers
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
A property sold for $2100 per acre. The front of the property measured 640' the rear measured 570' and the depth of the property was 720'. What was the sale price of the property
Answers
Based on the information given the sale price of the property is $21,000.
Sales price of the property:First step is to calculate the front and back property measurement
Measurement=640 + 570
Measurement= 1,210
Second step is to calculate depth of the property
Depth=(1,210 ÷ 2)×720
Depth=605 x 720
Depth= 435,600
Third step is to calculate the sale price
Sale price=$2,100×(453,600 ÷ 43,560)
Sales price=$2,100 × 10
Sale price= $21,000
Inconclusion the sale price of the property is $21,000.
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Actual investment spending does not include:
a. spending on consumer durable goods
b. spending on new capital equipment
c. spending on new houses
d. changes in inventories
Answers
The correct answer is: d. changes in inventories. Changes in inventories are accounted for separately in order to track the level of unsold goods and their impact on the economy.
Actual investment spending refers to the expenditure on acquiring new capital goods or assets that are expected to generate income or provide future benefits. It includes spending on consumer durable goods, new capital equipment, and new houses. However, changes in inventories are not considered as actual investment spending. Changes in inventories refer to the difference between the beginning and ending inventories of goods held by businesses. It represents the value of goods produced but not sold during a specific period.
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tonya is configuring vulnerability scans for a system that is subject to the pci dss compliance standard. what is the minimum frequency with which she must conduct scans?
Answers
To comply with the PCI DSS (Payment Card Industry Data Security Standard) compliance standard, the minimum frequency for conducting vulnerability scans is quarterly.
The PCI DSS compliance standard outlines security requirements for organizations that handle credit card information. One of the requirements is conducting vulnerability scans to identify and address security vulnerabilities in the system. According to the standard, vulnerability scans must be performed at least on a quarterly basis.
By conducting vulnerability scans at least once every three months, organizations can regularly assess their systems for potential security weaknesses and take appropriate actions to mitigate risks. This frequency allows for timely identification and remediation of vulnerabilities, reducing the likelihood of a security breach and protecting the sensitive cardholder data.
It's important to note that the PCI DSS compliance standard also emphasizes the need for organizations to conduct additional vulnerability scans when significant changes are made to the system or when new vulnerabilities are identified. This ensures that the system's security is continually evaluated and maintained in line with evolving threats and industry best practices.
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Why is it common for producers of services to sell through short distribution channels directly to the end user
Answers
Answer: “The people providing the service often fo so by interacting directly with the user”
Explanation: just took the quiz
Answer: B. The people providing the service often fo so by interacting directly with the user
Explanation: I just took the quiz and the answer was correct
what is qbasic program
Answers
Answer:
structured programming language :)
Explanation:
Answer:
structured
Explanation:
How has private enterprise strengthened the united states economy?
Answers
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Sales of assets that are unique, such as real estate, are normally sold in which type of market?
Order-driven markets
Brokered markets
Price-driven markets
Answers
Sales of assets that are unique, such as real estate, are normally sold in brokered markets. Brokered markets, also known as negotiated markets, are characterized by transactions that involve the assistance of intermediaries or brokers. In these markets, buyers and sellers rely on the expertise and services of brokers to facilitate the transaction. Brokers help connect buyers and sellers, negotiate the terms of the sale, and assist in completing the transaction.
Real estate is a prime example of an asset that is typically sold in a brokered market. When individuals or organizations wish to buy or sell real estate properties, they often engage the services of real estate agents or brokers. These professionals have in-depth knowledge of the local market, help market the property, identify potential buyers or sellers, negotiate prices and terms, and guide the parties through the complex process of completing the sale.
In contrast, order-driven markets and price-driven markets are more commonly associated with standardized and easily tradable assets, such as stocks and commodities. In these markets, transactions are executed based on orders and prevailing market prices, without the involvement of intermediaries or brokers in individual transactions.
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Which of the following is an example of an e-commerce security concern?
A. Making sure products mailed to consumers are not damaged
OB. Keeping online payments and information secure
C. Ensuring that products are safe for consumers to use
D. Educating consumers about their market options
SUBMIT
Answers
Keeping online payments and information secure is an example of an e-commerce security concern.
What is e-commerce?
E-commerce refers to buying and selling of products and services that take online through the web rather than physical activities of trade which occurs offline, hence, we are concerned with any breach of a firm's information technology security architecture , which means that making sure the products mailed are not damaged is not a concern because mailing does not happen online, the products need to be physically delivered,
Besides, online payments security is the most essential issue to keep abreast in e-commerce, any client whose debit or credit card is compromised would return to the store and would take legal actions against the e-commerce store, safety of payment is key,
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what is one of the effects that the internet has had on bussiness?
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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according to theories of merit pay, when individual performance can be accurately determined, individual motivation is likely to be highest when merit pay is based on ______.
Answers
According to theories of merit pay, individual motivation is likely to be highest when merit pay is based on individual performance that can be accurately determined.
Theories of merit pay suggest that linking individual performance to financial rewards can enhance motivation and performance in the workplace. However, for merit pay to be effective in motivating individuals, it is important that the measurement of individual performance is accurate and reliable.
When individual performance can be accurately determined, it means that there are clear and objective criteria for evaluating an individual's job performance. This could involve setting specific goals, using performance metrics, conducting performance evaluations, or utilizing other assessment methods that provide a fair and accurate representation of an individual's contributions and achievements.
When merit pay is based on individual performance that can be accurately determined, employees are more likely to perceive the reward system as fair and transparent. They can see a direct link between their efforts and the financial rewards they receive, which creates a stronger motivation to perform at a high level. This alignment between performance and rewards fosters a sense of accountability, encourages goal-oriented behavior, and incentivizes individuals to strive for excellence in their work.
In summary, theories of merit pay suggest that individual motivation is likely to be highest when merit pay is based on individual performance that can be accurately determined. This ensures fairness, transparency, and a strong link between performance and rewards, which in turn enhances motivation and performance in the workplace.
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According to the video, which qualities do Lawyers need? Select all that apply.
x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills
Answers
Answer:
C E F G
Explanation:
According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.
What are skills?A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.
As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.
As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.
Therefore, The right option (C, E, F, G)) is correct.
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Shirley Lach and Lynwood wiseman formed Man O’ war Limited Partnership
Answers
In 1986, Shirley Lach and her then husb-and, Lynwood Wise-man, formed Man O’War Limited Partner-ship for the purpose of leasing real property and devel-oping and operating shop-ping centers.
Robert Miller be-came a general partner along with Wiseman. Lach was one of 8 limited partners. The partners’ owner-ship percentages were Miller, 1%, Wiseman, 32%, Lach, 27%, Jonathan Miller, 9%, Harry B. Miller, 12%, Harvey Morgan, 1 percent, Penny Mill-er, 3 percent, Jeffery Mullens, 1%, Jennifer Miller, 9%, and Sophie Wiseman, 5%. Wiseman, Lach, and Robert Miller also form-ed M.O.W. Place, Ltd., to lease a shop-ping center from the joint venture. In 1988, Wise-man and Lach were divorced, but cont-inued in business together.
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A firm has issued cumulative preferred stock with a $100 par value and a 10 percent annual dividend. For the past three years, the board of directors has decided not to pay a dividend. At the end of the current year, the preferred stockholders must be paid ________ prior to paying the common stockholders.
Answers
Answer:
$30/share
Explanation:
Calculation to determine the amount the preferred stockholders must be paid
First step is to calculate per year dividend using this formula
Per year dividend = Stock value × Dividend payment rate
Let plug in the formula
Per year dividend = $100 × 10%
Per year dividend = $10
Second step is to calculate the Total unpaid dividend using this formula
Total unpaid dividend for 2 years = Per year dividend × 2 year
Let plug in the formula
Total unpaid dividend for 2 years = $10× 2years
Total unpaid dividend for 2 years = $20
Now let calculate the Cumulative Preferred Dividend
Using this formula
Cumulative Preferred Dividend = Current Year Dividend + Total unpaid dividend for 2 years
Let plug in the formula
Cumulative Preferred Dividend = $10 + $20
Cumulative Preferred Dividend = $30
Therefore At the end of the current year, the preferred stockholders must be paid $30/share prior to paying the common stockholders.
Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
Answers
starbucks ran a new ad during the super bowl. the marketing department wanted to know the percentage of people watching the program who were exposed to the ad during the event. starbucks was measuring the blank of the ad.
Answers
Starbucks was measuring the reach of the ad during the Super Bowl.
Reach is a marketing term that refers to the number or percentage of people in a target audience who have been exposed to a particular advertisement or marketing message at least once during a specific period.
In this case, the marketing department wanted to determine the percentage of people who were watching the Super Bowl and were exposed to the Starbucks ad during the event.
Measuring the reach of an ad is an important aspect of advertising effectiveness evaluation as it helps determine the potential impact of the ad and how many people it has reached. It also assists marketers in deciding how to allocate advertising budgets to optimize reach and maximize ROI.
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