research shows that the cost and effort to obtain repeat sales from a satisfied customer is roughly
Answers
One reason the follow-up is so important/significant is that the cost and effort to obtain repeat sales from a satisfied customer is roughly half of that necessary to gain a sale from a new customer.
A customer is a person who receives anything from a seller, seller, or supplier in the commercial, commercial, or economic area in exchange for money or other consideration. more beneficial.
The foundation of early cultures was a gift economy built on favours. Later, as commerce expanded, less enduring human connections were made, founded on transient demands rather than enduring societal desires. Customers are those who directly receive guidance and support, as opposed to being commonly regarded as people who buy goods and services.
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Complete question:
One reason the ________ is so important is that the cost and effort to obtain repeat sales from a satisfied customer is roughly half of that necessary to gain a sale from a new customer.
Related Questions
From each paycheck of your afterschool job, you’re able to save $45 toward the coat. You get paid twice a month. How many months will it take you to save enough money to buy your North Face jacket.
Answers
Answer:4
Explanation:The total in 4 months would equal 360
4 months will it take you to save enough money to buy your North Face jacket.
Saving per month based problem;What information do we have?
Amount save per paycheck = $45
Amount of jacket = 350 (Missing data)
Amount save per month = 2 × Amount save per paycheck
Amount save per month = 2 × 45
Amount save per month = $90
Number of months need = 350 / 90
Number of months need = 3.88
Number of months need = 4 months
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1) Consider the following game between Alpha and Jack.
The matrix payoff is shown below Alpha Left Right Jack
Accept 20, 10 0, 0
Reject 0, 0 10, 20
i) Does either player have a pure dominant strategy?
ii) Determine the pure Nash equilibrium (equilibria) of this game?
ii) Find a mixed strategy Nash equilibrium in this game.
iii) Assuming a sequential-move game in which Jack chooses its strategy first, what is (are) the pure Nash equilibrium (equilibria) of this game
Answers
The pure Nash equilibrium in this sequential-move game is (Jack plays Left, Alpha Rejects) and (Jack plays Right, Alpha Accepts).
To analyze the game between Alpha and Jack, let's answer each question step by step.
A pure Nash equilibrium occurs when both players choose their best response strategy given the other player's strategy. In this game, there is no pure Nash equilibrium because neither player has a dominant strategy. The players' best responses depend on each other's choices.
To determine the mixed strategy Nash equilibrium, we need the expected payoffs to be equal for each strategy. For Alpha:
Expected payoff for Accept = (20 * q) + (0 * (1-q)) = 20q.
Expected payoff for Reject = (10 * q) + (0 * (1-q)) = 10q
For Jack:
Expected payoff for Left = (0 * p) + (10 * (1-p)) = 10(1-p)
Expected payoff for Right = (20 * p) + (10 * (1-p)) = 20p + 10(1-p) = 10 + 10p
To have a mixed strategy Nash equilibrium, the expected payoffs for each strategy should be equal:
20q = 10q (for Alpha)
10(1-p) = 10 + 10p (for Jack)
Simplifying these equations, we get:
10q = 0 (equation 1)
20p - 10p = 10 (equation 2)
From equation 1, we can see that q = 0. This means Alpha will always choose to Reject.
Substituting q = 0 into equation 2, we get:
10p - 10p = 10
0 = 10
Since the equation 0 = 10 has no solution, there is no mixed strategy Nash equilibrium in this game.
If Jack chooses its strategy first in a sequential-move game, Alpha observes Jack's choice before deciding on their own strategy. Let's analyze this scenario:
If Jack plays Left, Alpha's best response is to Reject since they get a higher payoff of 10 compared to 0 if they Accept.
If Jack plays Right, Alpha's best response is to Accept since they get a higher payoff of 20 compared to 0 if they Reject.
Therefore, the pure Nash equilibrium in this sequential-move game is (Jack plays Left, Alpha Rejects) and (Jack plays Right, Alpha Accepts).
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Which accounting concept is used in each of the following accounting treatment?
The cost of a tape dispenser has been charged to an expense account, although in fact it could still be in use in ten years’ time.
A sole proprietor has sold his private house, but has not recorded anything about it in the business records.
A debt has been written off as a bad debt even though there is still a chance that the debtor eventually may be able to pay it.
A machine has been bought for an exceedingly low figure,and it has been entered in the asset account at that figure even though it is worth more.
A motor van broke down in December , 2017. The repair bill for it was not until 2018 yet it has been treated as a 2017 expense.
Answers
The accounting concepts that provide guidance for recording the following business events are as follows. The business transactions are numbered from (a) to (e) below:
1) Materiality Concept is applied because the impact of the cost of the tape dispenser being "expensed" is not significant on the reader of the financial statement.
2) Entity Concept requires separation between the finances of the owner from the finances of the business. The business is a separate economic unit distinct from the sole proprietor.
3) Prudence Concept demands that expenses (like the bad debt written off) and liabilities are not underestimated and revenues and assets should not be overestimated.
4) Historical Cost Concept: Generally accepted accounting principles require the initial recognition of an asset at its purchase cost and not fair value.
5) Accrual Concept and Matching Principle: The accrual concept requires that expenses that have been incurred for a period should be accounted for in that period, whether cash payment is made or not. The matching principle states that expenses (Van Repair Expense) should be matched to the revenue that they generate.
Thus, accounting concepts are the basic assumptions, rule, and principles for recording business transactions and events and preparing accounts and financial statements.
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You make an initial deposit of $46.82 into your checking account. A week later you deposit your paycheck of $78.36. You write checks for $16.93, $26.25 and use your debit card to purchase items totaling $9.27 and $6.95. How much money do you have in your account now? *
Answers
Answer:
$65.78
Explanation:
The deposits to the accounts are
initial deposit $46.82
paycheck $78.36
Total deposits = $125.18
Withdrawals
checks $16.93,
$26.25
purchases $9.27
$6.95.
$59.4
Balance will be $125.18- $59.4
=$65.78
Unlike for-profit organizations, operating non-profit organizations is more challenging because ____. unlike for-profit organizations, operating non-profit organizations is more challenging because ____. nonprofits are government-based nonprofits need to network with charities nonprofits need more funds the cost of operating nonprofits is greater than their revenue nonprofits need to meet a set of objectives while maintaining steady revenue
Answers
Answer:
Explanation:
need more funds i think
if you are starting a new company and need employees to do a variety of things while you make most of the decisions yourself, you would use a________ organizational structure.
Answers
If you are starting a new company and need employees to do a variety of things while you make most of the decisions yourself, you would use a hierarchical or top-down organizational structure.
What do you understand by organizational structure?This type of structure is characterized by a clear chain of command, with decision-making authority concentrated at the top of the organization and lower-level employees following instructions from their superiors.
In this type of structure, communication flows downward from the top to the bottom, and employees are typically grouped into functional departments or teams based on their areas of expertise.
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If Restaurant A chooses to use the economic order quantity when placing an order for tomatoes, what are its ordering and holding costs per year expressed as a percentage of the annual purchasing cost?
Answers
Restaurant A's ordering cost per year is approximately 0.17% of the annual purchasing cost, and its holding cost per year is approximately 4.71% of the annual purchasing cost.
To calculate the ordering and holding costs per year as a percentage of the annual purchasing cost, we'll need to use the provided information and the economic order quantity (EOQ) formula.
Given:
- Monthly demand (D) = 60 bags
- Cost per bag (C) = $80
- Ordering cost (S) = $20
- Holding cost percentage (H) = 40%
First, let's calculate the annual demand (D) by multiplying the monthly demand by 12:
Annual demand (D) = Monthly demand * 12 = 60 bags * 12 = 720 bags
Next, we can calculate the EOQ using the EOQ formula:
EOQ = sqrt((2 * D * S) / H)
EOQ = sqrt((2 * 720 * 20) / 40) = sqrt(28,800) ≈ 169.71
To calculate the ordering cost per year, we need to determine the number of orders placed per year by dividing the annual demand by the EOQ:
Number of orders = Annual demand / EOQ = 720 bags / 169.71 ≈ 4.24 (rounded up to 5)
Ordering cost per year = Number of orders * Ordering cost = 5 * $20 = $100
The average inventory level can be calculated as half of the EOQ:
Average inventory level = EOQ / 2 = 169.71 / 2 ≈ 84.85
To calculate the holding cost per year, we multiply the average inventory level by the holding cost per unit:
Holding cost per year = Average inventory level * C * H%
= 84.85 * $80 * 0.4
= $2,713.60
The annual purchasing cost can be calculated by multiplying the cost per bag by the annual demand:
Annual purchasing cost = C * Annual demand = $80 * 720 bags = $57,600
Finally, we can express the ordering and holding costs as a percentage of the annual purchasing cost:
Ordering cost percentage = (Ordering cost per year / Annual purchasing cost) * 100
Holding cost percentage = (Holding cost per year / Annual purchasing cost) * 100
Ordering cost percentage = ($100 / $57,600) * 100 ≈ 0.17%
Holding cost percentage = ($2,713.60 / $57,600) * 100 ≈ 4.71%
Therefore, Restaurant A's ordering cost per year expressed as a percentage of the annual purchasing cost is approximately 0.17%, and its holding cost per year expressed as a percentage of the annual purchasing cost is approximately 4.71%.
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Complete Question:
Restaurant A uses 60 bags of tomatoes each month. The tomatoes are purchased from a supplier for a price of $80 per bag and an ordering cost of $20 per order. Restaurant A’s annual inventory holding cost percentage is 40%. If Restaurant A chooses to use the economic order quantity when placing an order for tomatoes, what are its ordering and holding costs per year expressed as a percentage of the annual purchasing cost?
Long run competitive equilibrium a) isn't economically efficient b) will never change once it's realized c) is realized only in constant cost industries d) results in zero economic profits
Answers
Long run competitive equilibrium results in zero economic profits.
What determines a long run equilibrum?
In a perfectly competitive market, every economic profit is eliminated in the long-run equilibrum. Firms and businesses earn zero economic profit in a competitive market. An increase in the demand for goods is witnessed when there's an increase in the price of substitute. A positive economic profit leads to an increase in the number of new firms that enter into the market but conversly, a negative economic profit will result to firms exiting the industry till profits turn zero.
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Elizabeth works for a local restaurant at the end of her shift she is required to write in the time that you arrive in the time she is leaving so that she can be paid appropriately today Elizabeth was 15 minutes late for work what would be the most ethical thing for Elizabeth to do
Answers
Answer:
Elizabeth would have to write the time she came in. If she lies, she's indirectly robbing the restaurant of it's money.
Explanation:
what sort of companies might employ a private company marketplace
Answers
A private company marketplace (PCM) is a digital platform that allows a company's employees to buy goods and services directly from pre-approved vendors.
A private company marketplace (PCM) is a digital platform that allows a company's employees to buy goods and services directly from pre-approved vendors. It is a type of digital procurement platform that streamlines the procurement process by automating it. PCM is a relatively new concept, but it is quickly gaining popularity in various industries.
The following types of companies might employ a private company marketplace:
1. Companies with a large workforce:
Companies with large numbers of employees have complex procurement procedures that can benefit from a PCM. A PCM streamlines the procurement process and ensures that employees get what they require with ease.
2. Companies with high turnover:
Companies with a high turnover rate need an efficient system to manage the procurement process. A PCM ensures that employees have access to goods and services from approved vendors at all times.
3. Companies with multiple locations:
Companies with multiple locations face significant challenges when it comes to procurement. A PCM provides a centralized platform to manage procurement across multiple locations.
4. Companies with a diverse range of products and services:
Companies that have a diverse range of products and services might employ a PCM to ensure that employees have access to the goods and services they need to perform their job.
In conclusion, companies that employ a private company marketplace are those that have a large workforce, high turnover rate, multiple locations, and a diverse range of products and services. A PCM streamlines the procurement process and ensures that employees have access to the goods and services they need from approved vendors.
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Sam properly reported his formal marketing/sales event and selected "Dual" as the type of product he was going to present. After presenting the Dual SNP, he asked the audience if anyone had a question. A consumer asked about stand-alone Prescription Drug Plans (PDP). What is Sam permitted to do?
Answers
Answer:
Sam is only permitted to answer questions related to the plan he formally presented.
Explanation:
wrong answer
Sam must obtain a Scope of Appointment form before he can discuss stand-alone PDPs because he did not indicate PDPs when he reported his event.
Sam is allowed to talk about these plans if they are one of the products he sells. in short, he can only talk about the products he can sell.
About Prescription Drug Plans, we can state that:
This plan allows people to have coverage for the purchase of medication.This is a very important plan for people who need to keep taking medicine, or elderly people, and people who tend to get sick more often.Thus, customers can buy medicines at lower prices and receive discounts.Sam can talk about this plan if it's a plan he's authorized to sell it. In addition, he can talk about the drugs sold in this plan, if they are drugs he has a license to sell them.
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Type the correct answer in the box. Spell all words correctly.
What is the term for the account balances of commercial banks held by the central bank?
The account balances of commercial banks held by the central bank are termed ________
Answers
Answer:
The account balances of commercial banks held by the central bank are termed as Bank reserves or Reserves
Explanation:
One function of the central bank is to be a bank to the commercial banks. Each licensed bank is required to open and operate an account with the central bank. The deposits that commercial banks hold at the central bank as known as bank reserves or reserves.
The central bank offers banking services to commercial banks, just as commercial banks serve their customers. The central bank accepts deposits, process checks, and issues loans to commercial banks
Which of the following is not a non-tariff barrier?
a. voluntary export restraint
b. health and product standards
c. enviromental protection law
d. ad-valorem duties
Answers
The one that is not a non-tariff barrier is option D. ad-valorem duties
What is a tariff barriers?Tariff barriers refers to a barrier to trade between particular countries or specific areas involving nations which occurs in the form of abnormally excessive taxes levied by a government on imports or occasionally exports for purposes of protection, support of the balance of payments, or the raising of revenue.
Tariff barriers is also considered to be several tariffs or duties imposed on foreign trade transactions to impose trade restrictions. From the available options, ad-valorem duty is tariff barrier, while the others are non-tariff barriers to trade.
Ad-valorem duty is imposed on import goods as percentage of the total value of goods imported.
Therefore, the correct answer is as given above
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Auditors are concerned about the _____ assertion for revenue transactions because clients are more likely to overstate sales than to understate them.
Answers
The occurrence assertion for revenue transactions is an issue for auditors since customers are more prone to overstate revenues than to understate them.
What is an assertion of occurrence?To ascertain if the transactions listed on financial statements actually occurred, apply the occurrence assertion. This can be anything from authenticating trade receivables balances by confirming that a sale occurred on the designated day to confirming that a bank deposit has been completed.
What are the revenue audit assertions?To guarantee that financial records and disclosures are accurate and appropriate, assertions need to be evaluated. Financial statements are correctly reported if all assertions for pertinent transactions or balances are met.
How can it be proven that revenue actually occurs?The need to check for revenue transfers cannot be overstated. The biggest challenge for the majority of organizations will be reversing figures from the general ledger or sales journal to source documents (invoices, shipping documentation, etc.).
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the _____ principle states that inventory costs are expensed as cost of goods sold when inventory is sold.
Answers
The expense recognition principle states that inventory costs are expensed as the cost of goods sold when inventory is sold.
This is further explained below.
What is expense recognition?Generally, According to the concept of expenditure recognition, when inventory is sold, the expenses of the inventory are written down as a part of the cost of the items sold.
In conclusion, The concept of cost recognition is one of the most basic accounting principles, which states that a company's expenses should be recorded in the same accounting period as the revenues that are linked with those expenses (and vice versa). This is the most fundamental premise of accrual accounting, and it is also often referred to as the matching principle.
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Answer:expense recognition
Explanation:
_________ are hired by the organization to serve in a temporary position or to supplement the existing workforce.
Answers
Temporary employees are hired by the organization to serve in a temporary position or to supplement the existing workforce.
An organization, or organization, is an entity—which includes an agency, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word organon, which means device or instrument, musical device, and organ.
The definition of organisation refers to the act of putting things into a logical order or the act of taking an efficient and orderly method to obligations, or a set of humans who have officially come collectively. While you ease up your desk and report all your papers into logical spots, that is an example of the agency.
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who was the 20th president
Answers
Answer:
Of what country? Philippines or US or what??
Answer:
Kuroo Here!
Explanation:
It was James A. Garfield
Hope This Helps!! (^ '--')
Please Help!
1. The Pascal family: Both Mr. and Mrs. Pascal have been hired by a major employer in your town. They have been pre-approved for a loan of up to $300,000 and have enough cash to make a 20% down payment. They have steady incomes and hope to put down roots. Single family home, 3 beds and 2.5 baths.
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
2. The Harris family: They are a few years out of college and have been hired to teach school through the Teach for America program. Their contract is for one year. They have a little savings of about $1,200 in the bank. They are both fitness enthusiasts and love to ride bikes, play tennis and jog. Apartment with $800-$1000 monthly rent
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
3. The Middleburg family: They are looking to retire in your town to be closer to their grandchildren. They have $255,000 from the sale of their previous home to buy a house outright for a minimum $200,000. Mrs. Middleburg has neuropathy and may eventually need a wheelchair. Mr. Middleburg has a heart condition that needs to be monitored. Single story 3 beds, 2 bath “accessible” home. $200,000 - $250,000 range
(a) Give the URL for the home listing.
(b) Describe the home.
(c) Provide the reasons why it is a good fit.
Answers
Answer:
You should go to redfin.com and search a house that meets their needs I’m not sure if that’s the correct way to do the assignment but that’s how I did it
Explanation:
The pascal family of Mr. and Mrs. paschal have employed a major employ a man in the town. They have ales approved a loan of 300,000 and have enough cash to make a down payment.
The home listing URL is blog.hubspot.com. The home is big and located near the central business district. It is a good fit as it has all the available and necessary sites within one hour of reach. The harries family is a few years out of college and has been hired to teach in a school. They have contracts for one-year duration and have some savings of $1,200. They love to ride bikes and play tennis. Give a rent of 800-1000 USD. For them home would be a place that is far away from the downtown has cheap and affordable transportation and is not crowded. The middle burgs family is looking for retirement. The want to live close to their grandchildren. They have a $255,000 form sale and are used to wheelchairs. They need a home that is near the city and is near the medical care.Learn more about the Pascal family: Both Mr. and Mrs. Pascal have been.
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what is a topic you are passionate about or that Interests/excites you?
what is your personal experience with this topic?
why should others care/want to learn about this topic?
what is the single most interesting aspect/fact about this topic?
Answers
1. One topic I am passionate about is environmental sustainability.
2. My personal experience with environmental sustainability is that all individuals can contribute to creating a better future for themselves, future generations and the Earth as a whole.
3. Learning about environmental sustainability allows us to comprehend the interconnections between human activities and the natural environment.
4. The most captivating aspects is concept of intergenerational equity which recognizes that moral responsibility helps preserve the environment and its resources for future generations.
How can individuals contribute to environmental sustainability in daily lives?Individuals can contribute to environmental sustainability in their daily lives through simple actions like reducing energy consumption, recycling, using public transportation and adopting eco-friendly habits.
By making conscious choices and being mindful of the impact of their actions, we play a significant role in preserving the environment for future generations. These litte and small changes when multiplied across communities will have a positive impact on the planet.
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You have finished studying and you have just got your first job. You decide to move into a flat with a friend. Your salary is R9 000 per month,after tax. Work out how much you will need to pay for one month how much you will have left for savings and investments
Answers
You will need to pay R7,000 for one month's expenses, and you will have R2,000 left for savings and investments.
How to determine how much you will have left for savings and investmentsTotal Monthly Expenses = Rent + Utilities + Transportation + Food and groceries + Other expenses
Total Monthly Expenses = R3,000 + R500 + R500 + R2,000 + R1,000
Total Monthly Expenses = R7,000
To Calculate your savings and investment amount:
To determine the amount you will have left for savings and investments, subtract your monthly expenses from your after-tax salary.
Amount for Savings and Investments = Monthly Salary - Total Monthly Expenses
Amount for Savings and Investments = R9,000 - R7,000
Amount for Savings and Investments = R2,000
Therefore, based on the given information, you will need to pay R7,000 for one month's expenses, and you will have R2,000 left for savings and investments.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answers
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
________ involves creating a Web site, video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that customers will seek it out or pass it along to their friends.
Answers
Viral marketing involves creating a Web site, video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that customers will seek it out or pass it along to their friends.
Viral marketing aims to disseminate knowledge about just a good or service from individual to individual using email, the internet, or word-of-mouth. The aim of viral marketing is to get people to spread a marketing message to their colleagues, family, and other people in order to rapidly boost the number of individuals who receive it.
Viral refers to anything that travels swiftly and widely between its audience in the context of viral marketing. Regardless of whether a message spread naturally, viral marketing is a conscious endeavor. Social media thus offers the ideal setting for viral marketing, despite the fact that it originated in conventional term advertising.
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Manager's Hot Seat: Groping For Answers Equal Employment Opportunity Laws Offer Employee Protection Against Discrimination.
Answers
Manager's Hot Seat: Groping For sexual harassment
Overt or subtle sexual references, as well as unwelcome and inappropriate offers of rewards in exchange for sexual favours, are all examples of sexual harassment. Sexual harassment encompasses a broad range of actions, from verbal missteps to sexual abuse or assault. Workplaces, families, schools, and places of religion are just a few of the social settings where harassment can occur. A victim or a harasser could be of any sex or gender. Legal restrictions in place today prohibit sexual harassment. Sexual harassment regulations sometimes do not forbid simple teasing, casual remarks, or minor isolated incidents since they do not impose a "universal decency norm." Sexual harassment at work may be considered criminal when it occurs regularly or seriously.
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Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
Answers
Income
WHY:
The expenses and extras and needs should all add up to the income and the income should be over these expenses
MARK ME BRAINLIEST PLEASE
Which of the following is NOT a basic statistic?
Mean
Area
Median
Mode
Answers
the answer is AREA (b) bcos all the other are general basic statists
Monopoly and Price Elasticity Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, total revenue would and total cost would . Therefore, a monopolist will produce a quantity at which the demand curve is inelastic. Use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic. (Hint: The answer is related to the marginal- revenue (MR) curve.) Then use the black point (plus symbol) to show the quantity and price that maximizes total revenue (TR).
Answers
Step 1: The monopolist will produce a quantity at which the demand curve is inelastic and maximize total revenue.
Step 2: When the demand for a product is inelastic, it means that consumers are less responsive to changes in price. In this scenario, if a monopolist raises its price, the total revenue would increase because the decrease in quantity demanded would be proportionately smaller than the increase in price. This is due to the relatively low price elasticity of demand.
The monopolist aims to maximize total revenue, which is achieved by finding the quantity and price combination that generates the highest revenue. The marginal revenue (MR) curve helps in determining this optimal point. The MR curve lies below the demand curve for a monopolist, indicating that to sell additional units, the monopolist must lower the price for all units sold.
To identify the portion of the demand curve that is inelastic, we need to locate the purple segment (diamond symbols) where the demand is relatively unresponsive to price changes. This segment represents the range of prices at which the monopolist can raise prices without causing a significant decline in quantity demanded.
In order to maximize total revenue, the monopolist should produce the quantity and set the price where the MR curve intersects the demand curve. This point is represented by the black point (plus symbol) and corresponds to the quantity and price combination that maximizes total revenue (TR).
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What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answers
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
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In order to send out emails to potential customers, you will need:
a target market
b the available market
c a customer database
d a viral market
Answers
Answer:
I think the answer is C.
Explanation:
I dont know
Researchers are interested in the following question. How many years, since first arrival in a country, does it take for an immigrant to catch up to a similar native resident in terms of earnings? • Earnings: annual income of an individual ($'000) Nyears: number of years since first arrival in a country Age: age of individual - Male: = 1 if individual is male, -0 otherwise - Educ: - 1 if individual has a university degree, = 0 otherwise . a) The researchers estimated the following two models. Please help the researchers to determine whether they should use a cubic model or a quadratic model. Earnings: = 32.42+0.84 Nyears - 0.03 Nyears2 +0.0002Nyears³ (0.19) (0.09) (0.01) (0.001) Earnings = 32.42+0.79 Nyears - 0.02 Nyears² (0.19) (0.03) (0.001) With the quadratic model as below, find out the average difference in earnings between two immigrants who arrived in the country for 5 years and 6 years. Earnings = 32.42 +0.79 Nyears- 0.02 Nyears² (0.19) (0.03) (0.001) b) Given the following models, interpret the meaning of the coefficient associated with Nyears] Earnings\= 32.65+2.16ln(Nyears) In (Earnings\) = 3.60+0.005Nyears + u In(Earnings\ ) 3.49+0.05961 In(Nyears) Given the model below, what is the effect of Male on Earnings?] Earnings Bo+ BiNyears + B2Male + Ba(Nyears Male) + u
Answers
a) To determine whether the researchers should use a cubic model or a quadratic model, they can compare the goodness of fit for both models.
b) In the model Earnings=32.65+2.16ln(Nyears), the coefficient associated with ln(Nyears) (2.16) represents the percentage change in earnings associated with a one percent increase in Nyears.
A commonly used measure of goodness of fit is the R-squared value, which indicates the proportion of variance in the dependent variable that is explained by the independent variables. The model with the higher R-squared value is generally preferred.
Alternatively, the researchers can use statistical tests such as the F-test or likelihood ratio test to compare the two models. These tests compare the fit of the two models and can indicate whether the more complex cubic model provides a significantly better fit than the simpler quadratic model.
For the given models, the cubic model has a higher R-squared value and the coefficients are statistically significant at conventional levels. Therefore, the researchers should use the cubic model.
To find out the average difference in earnings between two immigrants who arrived in the country for 5 years and 6 years, we can plug in the values of Nyears into the quadratic model:
Earnings(5) = 32.42 + 0.79(5) - 0.02(5)^2 = 35.87
Earnings(6) = 32.42 + 0.79(6) - 0.02(6)^2 = 36.13
The difference in earnings between these two immigrants is:
36.13 - 35.87 = 0.26 thousand dollars, or $260.
b) In the model Earnings=32.65+2.16ln(Nyears), the coefficient associated with ln(Nyears) (2.16) represents the percentage change in earnings associated with a one percent increase in Nyears. Specifically, a one percent increase in Nyears is associated with a 2.16 percent increase in earnings, all else held constant.
In the model In(Earnings)=3.60+0.005Nyears+u, the coefficient associated with Nyears (0.005) represents the change in the natural logarithm of earnings associated with a one-unit increase in Nyears. Specifically, a one-year increase in Nyears is associated with a 0.5 percent increase in earnings, all else held constant.
In the model Earnings=Bo+BiNyears+B2Male+Ba(Nyears Male)+u, the coefficient associated with Male (B2) represents the difference in earnings between males and females, all else held constant. Specifically, if Male = 1 for a male individual and Male = 0 for a female individual, then the expected difference in earnings between the two individuals is B2 thousand dollars, holding Nyears constant.
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Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
A. Other businesses
B.Employees
C.the government
D.charity organizations
Answers
Answer:
B. Employees
Explanation: