Tim Horton is looking for an international partner to expand its market share and enter into India. * What are the Strategic steps the organization should take to locate & choose there partner? In Groups you will be required to do Tim Horton brand launch in India (over 200 stores). * Identify the suitable Strategic partner for Tim Horton in terms of Characteristics. * Tag line or one liner that goes all across the nation. * Marketing Plan for the Brand & Management structure * Business plan for 1 year , 3 years & 5 years. * Please bring your conclusion at the end.
Answers
Business Plan:
1-Year Plan:
- Open a flagship store in a high-traffic location.
- Establish supply chain and distribution networks.
- Launch targeted marketing campaigns.
Strategic Steps to Locate and Choose a Partner:
1. Market Research: Conduct comprehensive market research to gain insights into the Indian market, including consumer preferences, competition, and regulatory requirements. Identify potential opportunities and challenges for Tim Horton's entry into India.
2. Partner Criteria: Define the criteria for a strategic partner based on factors such as local market knowledge, experience in the food and beverage industry, financial stability, distribution capabilities, and cultural compatibility. Consider partnering with established local players with a strong presence and reputation in the Indian market.
3. Partner Identification: Engage in a thorough partner search process, including networking, attending industry events, and leveraging professional networks. Evaluate potential partners based on their alignment with the defined criteria, reputation, track record, and willingness to collaborate.
4. Due Diligence: Conduct a detailed due diligence process on shortlisted potential partners. This should include assessing their financial health, legal compliance, operational capabilities, and growth potential. Verify their reputation, customer base, and any past partnerships.
5. Strategic Fit: Evaluate the strategic fit between Tim Horton and the potential partner. Consider factors such as shared values, long-term vision, willingness to align with Tim Horton's brand identity and standards, and ability to contribute to market expansion and brand building.
6. Negotiation and Partnership Agreement: Engage in negotiations with the selected partner and develop a partnership agreement that outlines the roles, responsibilities, and expectations of both parties. Ensure clarity on key aspects such as intellectual property rights, operational guidelines, revenue sharing, and dispute resolution mechanisms.
Suitable Strategic Partner Characteristics:
- Strong local market knowledge and expertise in the Indian food and beverage industry.
- Established distribution networks and supply chain capabilities.
- Financial stability and ability to invest in the expansion of Tim Horton's stores in India.
- Cultural understanding and ability to adapt Tim Horton's brand to suit local preferences.
- Track record of successful partnerships and brand building.
- Shared values and a long-term vision aligned with Tim Horton's objectives.
Tagline/One-liner:
"Indulge in Authentic Canadian Delights, Now in India!"
Marketing Plan:
1. Brand Positioning: Position Tim Horton's as the go-to destination for high-quality, freshly brewed coffee, delicious baked goods, and a warm Canadian experience in India.
2. Target Market: Identify the target market segments based on demographics, psychographics, and consumer preferences. This could include young professionals, students, families, and coffee enthusiasts.
3. Product Offering: Adapt the menu to cater to Indian tastes while retaining Tim Horton's core offerings. Introduce localized items and emphasize the freshness, quality, and authenticity of ingredients.
4. Promotion Strategy: Utilize a mix of traditional and digital marketing channels to create awareness and generate buzz. Leverage social media, influencer marketing, outdoor advertising, and strategic partnerships with local brands or events.
5. Store Design and Ambiance: Create a welcoming and comfortable ambiance that reflects Tim Horton's Canadian heritage while incorporating elements of Indian culture. Use modern and inviting store designs to attract and engage customers.
Management Structure:
Establish a dedicated management team for Tim Horton's India operations, including:
- General Manager: Responsible for overseeing all aspects of the business and ensuring the brand's success in the Indian market.
- Marketing Manager: Develops and implements marketing strategies, manages advertising campaigns, and drives brand awareness.
- Operations Manager: Oversees store operations, supply chain management, and quality control to ensure consistent customer experiences.
- Finance Manager: Handles financial planning, budgeting, and reporting for the Indian operations.
- HR Manager: Recruits and trains staff, ensures compliance with labor regulations, and promotes employee engagement.
Business Plan:
1-Year Plan:
- Open a flagship store in a high-traffic location.
- Establish supply chain and distribution networks.
- Launch targeted marketing campaigns to
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Related Questions
whats the answer for this
Answers
Answer:
(a) money in hand
this will be the answer I think so
Money in hand because national wealth will contain only things which makes our country better than just money , we need only hard work and motivation and kind heart to make things better in our country , see down -
Machines are made - this statement is because of India’s hard work and motivation to make something
Financial assets- they are compared with kind heart by me because giving money to needy people
what is the purpose of the federal deposit insurance corporation fdic )? quizlet
Answers
The purpose of the Federal Deposit Insurance Corporation (FDIC) is to protect depositors in case a bank fails.
And is to maintain stability and public confidence in the U.S. financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships in case of bank failures. It provides insurance on deposits up to a certain amount (currently $250,000) to ensure that customers will not lose their money if the bank fails. This helps to maintain public confidence in the banking system and promotes financial stability.
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Louis files as a single taxpayer. In April of this year, he received a $900 refund of state income taxes that he paid last year.
How much of the refund, if any, must Louis include in gross income under the following independent scenarios? Assume the standard deduction last year was $12,400. (Leave no answer blank. Enter zero if applicable.)
a. Last year Louis claimed itemized deductions of $12,650. Louis’s itemized deductions included state income taxes paid of $1,750 and no other state or local taxes.
Refund to be included in gross income.....?
b. Last year Louis had itemized deductions of $10,800 and he chose to claim the standard deduction. Louis’s itemized deductions included state income taxes paid of $1,750 and no other state or local taxes.
Refund to be included in gross income.....?
c. Last year Louis claimed itemized deductions of $13,840. Louis’s itemized deductions included state income taxes paid of $2,750 and no other state or local taxes.
Refund to be included in gross income.....?
Answers
the refund to be included in gross income is $0.
a. In scenario a, Louis claimed itemized deductions of $12,650, which included state income taxes paid of $1,750. Since Louis received a refund of $900 of the state income taxes paid last year, he must include the refund amount in his gross income. Therefore, the refund to be included in gross income is $900.
b. In scenario b, Louis had itemized deductions of $10,800 but chose to claim the standard deduction. Since Louis did not itemize his deductions for state income taxes paid, he does not need to include the refund in his gross income. Therefore, the refund to be included in gross income is $0.
c. In scenario c, Louis claimed itemized deductions of $13,840, which included state income taxes paid of $2,750. However, since the standard deduction last year was $12,400, Louis would have been better off claiming the standard deduction. Therefore, Louis did not actually pay the state income taxes of $2,750. As a result, he does not need to include the refund in his gross income.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUdefine ecommerce in business with example
Answers
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.
digital finance platforms, mobile payments, digital asset management, blockchain technology, cryptography. Define each word and use each term in a sentence.
Answers
Explanation:
Digital finance platforms: Online platforms that provide financial services such as banking, investing, and lending.
Sentence: Digital finance platforms like Robinhood and Acorns have made investing more accessible to a wider range of people.
Mobile payments: Transactions that are completed using a mobile device, such as a smartphone or tablet.
Sentence: Mobile payments have become increasingly popular due to their convenience and ease of use.
Digital asset management: The process of organizing, storing, and retrieving digital files such as images, videos, and documents.
Sentence: Digital asset management software can help businesses keep track of their digital files more efficiently.
Blockchain technology: A decentralized system of digital ledgers that record transactions in a secure and transparent manner.
Sentence: Blockchain technology is often used in cryptocurrency transactions to ensure security and transparency.
Cryptography: The practice of using mathematical algorithms to secure and protect information.
Sentence: Encryption is a common form of cryptography used to protect sensitive data from unauthorized access
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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This is a receipt for a purchase made at a restaurant in
Sacramento, California.
The total cost of the food and drinks before taxes was
The buyer paid vin sales tax.
Based on the receipt, Sacramento has a sales tax rate
of
Answers
Answer:
10.00 , .85 , 8.5
Explanation:
Answer:
This is a receipt for a purchase made at a restaurant in Sacramento, California.
The total cost of the food and drinks before taxes was
✔ $10.00
.
The buyer paid
✔ $0.85
in sales tax.
Based on the receipt, Sacramento has a sales tax rate of
✔ 8.5%
.
Which government institution plays the central role in monetary policy?
a. Federal Reserve System.
b. State Department
c. Environmental Protection Agency
d. Department of Commerce
Answers
The correct answer is a. Federal Reserve System plays the central role in monetary policy.
The Federal Reserve System, often referred to as the Fed, is the central banking system of the United States and plays the central role in monetary policy. The Federal Reserve is an independent government institution tasked with maintaining price stability, promoting full employment, and ensuring the stability of the financial system.
The Federal Reserve has the authority to formulate and implement monetary policy in order to achieve its objectives. It has various tools at its disposal to influence the supply of money and credit in the economy, such as setting interest rates, conducting open market operations, and establishing reserve requirements for banks
The State Department (b), Environmental Protection Agency (c), and Department of Commerce (d) are all important government institutions, but they do not have the central role in monetary policy. The State Department focuses on foreign policy, the Environmental Protection Agency is responsible for environmental regulations, and the Department of Commerce handles matters related to trade, industry, and economic development.
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using the first-in, first-out (fifo) method, the equivalent units of production for conversion costs are: a.101,600 units. b.85,600 units. c.98,400 units. d.88,800 units.
Answers
In accordance with the FIFO approach, we will determine equivalent units for three different categories: units finished from the start of the work in progress, units started and finished within this time period, and units left in the work still in progress.
The FIFO cost flow assumption holds that the costs that enter the department first will also leave first. As a result of this supposition, the cost of units added during the period is added after the cost of opening WIP in the cost of units transferred out.
Each cost component's equivalent units are (100% A) B + C + D E.
where A is the completion rate as of the previous period's conclusion.
A = units added/started/transferred out B = units in opening work C = units added/started/transferred out D = % of units completed
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Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,000 per month. What is your monthly personal debt ratio.
A. 85%
B. 25%
C. 40%
D. 30%
I’m in between B and C because if you take away the 20% for taxes, you get 8,000 and 2000/8000 is 25%, BUT 2000 is 20% of 10000 and plus the 20% for taxes is 40%. What do I do?
Answers
Answer:
c because isnt 2000=20% of 10000 so 40%
Explanation:
technical skills grow in importance as one moves up katz's managerial/leadership hierarchy.
T/F
Answers
True, technical skills grow in importance as one moves up Katz's managerial/leadership hierarchy.
As one moves up the managerial/leadership hierarchy according to Katz's theory, the focus shifts from technical skills to conceptual and human skills. However, technical skills remain important, especially in the early stages of one's career or when managing technical teams.
In certain industries or roles, technical skills may remain critical throughout one's career, but generally, as one progresses to higher levels of leadership, conceptual and human skills become increasingly essential.
However, as you progress further, human and conceptual skills also become increasingly important to effectively manage and lead teams or organizations.
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The statement is true technical skills grow in importance as one moves up Katz's managerial/leadership hierarchy.
The relationship between power, accountability, and workflow within an organisation is governed by its leadership structure. The pyramidal form of hierarchical leadership has a restricted centre of authority that trickles down to a broadening base of subordinate levels. The pyramid is flattened by nonhierarchical leadership to create a structure with decentralised power and fewer levels. The structure that is most likely to assist the organisation accomplish its goals is applied in successful organisational design.
In a logical organisational system known as a hierarchy, the position itself holds the power rather than the individual. Thus, there is a lower chance that a leader will abuse their position of authority. Roles and power structures are clearly defined, and employees have the chance to advance within their specialties since management distributes tasks in accordance with employees' specialised talents. Employees' main drive for achievement is the chance of progression. A hierarchy's rigidity is ideal for highly regulated industries.
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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
Which costs would be considered fixed costs?
Answers
Answer:
see below
Explanation:
Fixed costs consist of business expenses that remain constant throughout a financial period. The level of production does not influence these costs. Fixed costs are sometimes considered as the cost of staying in business. They have to be paid as long as the business is open.
For instance, administrative salaries have to be paid regardless of the level of production. Monthly rent to a store has to be paid even if no sales were made in a particular month. Other examples of fixed costs include depreciation, insurance premiums, and advertising.
are these transactions included in u.s. gdp? place each transaction according to whether or not it is included in u.s. gdp.
Answers
There are certain transactions that are included in the U.S. GDP, and some that are not. For example, any final goods and services that are produced within the country's borders and sold to consumers or businesses are included in GDP.
This includes items such as cars, clothing, food, and professional services. Additionally, any investments made by businesses or individuals in the production of goods and services are also included. However, certain transactions such as financial investments, government transfers (like welfare or social security), and used goods sales are not included in GDP. It's important to note that GDP only measures the final value of goods and services produced within a given period of time, so any intermediate goods or services used in production are not included in the calculation. Overall, GDP provides a useful measure of a country's economic output, but it is not a perfect indicator of overall economic health or well-being.
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N. 4 O QUESTION X Co has the following capital structure: 400,000 ordinary shares of 50c, Share premium account, Retained earnings, Shareholders' equity =$200,000, $70,000, $230,000 = $500,000 Show its capital structure following: (a) A '1 for 2' bonus issue (b) A rights issue of '1 for 3' at 75c following the bonus issue, assuming all rights taken up
Answers
After a '1 for 2' bonus issue and a subsequent rights issue of '1 for 3' at 75c, the capital structure of Co would be as follows: Ordinary shares: 600,000 shares (400,000 original shares + 200,000 bonus shares)
Share premium account: $80,000 ($70,000 from before + $10,000 from the rights issue)
Retained earnings: $230,000 (unchanged)
Shareholders' equity: $510,000 ($200,000 from before + $80,000 share premium + $230,000 retained earnings)
(a) A '1 for 2' bonus issue means that for every 2 existing shares, shareholders will receive 1 bonus share. Since Co has 400,000 ordinary shares, a bonus issue would result in 200,000 bonus shares being issued. The number of ordinary shares would then increase to 600,000.
(b) After the bonus issue, a rights issue of '1 for 3' at 75c means that for every 3 shares held, shareholders have the right to purchase 1 additional share at 75c. Assuming all rights are taken up, each shareholder would be entitled to buy (1/3) * 600,000 = 200,000 new shares. This would result in a total of 800,000 ordinary shares.
The share premium account would increase by $10,000 (200,000 * 75c), making it $80,000. The retained earnings would remain unchanged at $230,000. Therefore, the shareholders' equity would be $510,000.
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What is one main reason you need to be mindful of the things posted on your social media sites?
Answers
Answer:
Things posted online are there for good.
Explanation:
Even once you delete something, anyone can view it, as it leaves traces, so be careful of what you post.
Answer:
The thing you post on social media can be use against you.
The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing overhead totals $68,250 per quarter. Variable selling and administrative costs are $19 per quilt sold, and fixed selling and administrative costs are $50,000 per quarter. Last quarter, the company produced 910 quilts and sold 780 quilts. The total variable cost reported on Quaint Quilt's variable costing income statement is
Answers
The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020
Calculation to determine the total variable costing income statement
Using this formula
Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales
Let plug in the formula
Variable costing income statement($140 + $19) x 780 quilts sold
Variable costing income statement=$159×780 quilts sold
Variable costing income statement=$124,020
Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.
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what is meant by consistency when discussing financial accounting information? group of answer choices d. information is verifiable. b. information is timely. c. information is measured similarly across the industry. a. information that is measured and reported in a similar fashion across points in time.
Answers
When talking about financial accounting data, consistency refers to data that is monitored and evaluated consistently across time.
What does accounting mean to you?Accounting is the act of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
What are the five fundamental accounting concepts?Five key ideas underlie accounting systems and the creation of financial statements, despite the fact that there are many rules for accountants. The accrual principle, matching principle, historic cost principle, integrity principle, and the principle of truth over form are those.
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Which of the following is part of the manufacturing cluster?
A.
Selling goods
B.
Offering professional services
C.
Cleaning buildings
D.
Purchasing management
Answers
Answer:
I think its cleaning buildings bc that has to do with maintenance
well actually try b because that makes me sense
Explanation:
The manufacturing cluster contains six career pathways: health, safety, and environmental assurance; logistics and inventory control; maintenance, installation and repair; manufacturing production process development; production; and quality assurance.
the objective of corporate analysis is to identify the organization s resources, any limitations or constraints, its goals, and how it values shape the way it does business.
Answers
This statement is true.
Each company's ability to successfully position itself in the fiercely competitive market must include a corporate analysis as a critical component.
A realistic examination of the company's strengths, flaws, opportunities, and potential hazards serves as the foundation for assessing its future.
The corporate analysis makes it possible to evaluate every aspect of the business, giving a detailed picture of the situation. We thoroughly identify and analyse the opportunities, threats, vulnerabilities, and strengths.
By ensuring that all necessary measures are done when establishing strategic plans for marketing, controlling, production, purchasing and procurement, human resources planning, and management, the corporate analysis fulfills its function.
Any deviations from the original plan should be able to be discovered and rectified thanks to the targets and the ongoing oversight of all corporate activities.
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Read the sentence.The investors could not handle the ups and downs so they removed their funds from the fluctuating market.Using the context clues, what is the meaning of the underlined word
Answers
Answer:
There is no underlined word
What's a curling iron?
Answers
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
Which of the following choices is not a step that can reduce your spending?
a.
eating at home, rather than dining out
b. using budgeted cash only
c. forgoing premium cable TV channels
d. purchasing reduced fat lattes during the week
Answers
Out of the given options, you won't reduce your spending by d. purchasing reduced fat lattes during the week.
How can we reduce spending?The best way to reduce spending is by spending less on things that we don't need or that we can do without.
In this case, spending on fat lattes won't be a way to reduce spending because they aren't very significant.
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Which of the following is a common behavior for an active listener?
a.
Look at your notes to make sure they are accurate
b.
Keep track of the number of times the speaker agrees with you
c.
Repeat the speaker’s argument back in new words
d.
Argue against the speaker’s points one at a time
Answers
Answer: Repeat the speaker's argument back in new words
Explanation: It shows that you understood and listened to their whole speech. Understandning is a big part in active listening
Answer:
c
Explanation:
how long do real estate brokers have to keep records
Answers
The length of time that real estate brokers are required to keep records can vary depending on jurisdiction and specific regulations.
In the United States, real estate brokers are subject to federal, state, and local laws, each of which may have its own record-keeping requirements. It's important for brokers to consult the laws and regulations specific to their jurisdiction for accurate and up-to-date information.
In general, real estate brokers are advised to retain records for a certain period to ensure compliance with legal, accounting, and tax requirements, as well as for potential future reference. Commonly recommended retention periods for real estate records range from three to seven years.
Records that real estate brokers may be required to retain include transaction documents, contracts, client files, financial records, advertising materials, correspondence, and any other relevant documentation related to their business operations.
To ensure compliance and minimize the risk of legal and regulatory issues, real estate brokers should consult with legal and accounting professionals or industry organizations in their jurisdiction to determine the specific record-keeping requirements applicable to them. These professionals can provide guidance on the recommended retention periods for different types of records and help ensure brokers fulfill their obligations while operating in accordance with the law.
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A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
Answers
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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Researchers conducted a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income- and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± $22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. Researchers are certain that the interval ($894.90, $939.10) contains the mean.
Answers
Question Completion:
Researchers are ________certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____. (
all rent-controlled apartments in New York City.
all rent-controlled apartments in Bronx.
the 157 apartments in the sample.
all apartments in Bronx)
Answer:
Researchers are ___95%_____certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____.
all rent-controlled apartments in Bronx.
Explanation:
The 157 samples were from the Bronx, "obtained from a large collection of income- and expense-filing statements." The concentration of the study was on "rent-controlled apartments in the Bronx." So, the study or research is specific. Therefore, the generalization from its findings can only be specific to the Bronx borough of New York City and affecting only rent-controlled apartments.
How do free market and planned economies differ in the allocation factors factors of production. provide examples
Answers
Answer:
Makret planned econmies differ in the allocation facters of production because of the stock market crash
Explanation:
Some examples will be the stock market crash
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts.In a command economy, governments own the factors of production such as land, capital, and resources.Most nations operate largely as a command or market economy but all include aspects of the other.The type of economy also influences the political and social landscape of a nation, with command economies being more authoritarian and market economies allowing for more personal freedom.Ava went shopping for a new pair of pants. The listed price of the pair of pants was $21, but the price with tax came to $21. 63. Find the percent sales tax.
Answers
The percent sales tax is 3%.
Solution:
(21.63/21) x 100 = 103
So, The percent sales tax = 103.00 - 100 = 3%.
Convert the tax rate to a decimal by moving the decimal point two places to the left. Multiply the pre-tax value by the recalculated decimal value to get the sales tax cost. Add the VAT value to the pre-tax value to calculate the total cost.
Similar in some respects to a sales tax in which the full amount owed to the government is paid by the consumer at the point of sale. With sales tax, a portion of the tax amount is paid by various parties to the transaction. Sales tax is an additional amount that you pay based on a percentage of the selling price of the goods or services you purchase.
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The listed price of the pair of pants was $21, but the price with tax came to $21. 63. the percent sales tax: is $21.40.
A transaction that includes an exchange of services or goods for a certain amount of money is known as a sale. In other words, any activity that involves transferring the ownership of a good or commodity to the buyer in exchange for a monetary price is known as a sale.
Sales and marketing are crucial pillars of every business. They are closely linked and act as a catalyst for generating revenue (profit). While marketing is about building awareness about a brand and organization, sales turn that viewership into profits by converting the potential customers into actual customers.
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