When an item is not available immediately but will be delivered as soon as it becomes available, it is typically placed on backorder.
A backorder is a record of a customer's order for a product that is temporarily out of stock or not yet available for shipment. By placing an item on backorder, the customer secures their place in line to receive the product once it becomes available again.
This allows the supplier or retailer to fulfill the order at a later date, ensuring that the customer receives the desired item despite the temporary unavailability.
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COMPARE and contrast the terms scarcity and shortage and provide examples of each.
Answer:
Scarcity and shortage are not the same things. Shortage conditions exist when the demand of a good at the market price is greater than supply. ... Scarcity is the concept that we have limited resources and cannot meet the unlimited demand - it has nothing to do with a market price.
Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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Distinguish between the sources of information about foreign employment and the ways of getting it.
Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .
While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.
Employers prefer foreign employment because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.
The following are some methods for obtaining information about foreign employment:
Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs
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Markets are segmented because: a This approach stabilizes competitive environment b Marketers want to be efficient with their resources c Consumer persona cannot be created without segmentation
Markets are segmented because marketers want to be efficient with their resources. Segmentation is the division of a market into smaller groups of customers with similar needs or characteristics.
By segmenting the market, a company can tailor its marketing mix to meet the needs of one or more specific segments, resulting in more effective marketing and higher customer satisfaction. Markets are segmented because marketers want to be efficient with their resources. By targeting specific segments of the market, a company can avoid wasting resources on customers who are unlikely to be interested in their products or services.
This approach helps a company to optimize its marketing budget and maximize its return on investment. Segmentation also enables a company to differentiate itself from its competitors by offering unique products or services that meet the specific needs of a particular segment.
This can create a competitive advantage and help to stabilize the competitive environment in the industry, as different companies focus on different segments of the market. Finally, segmentation is necessary because a company cannot create effective consumer personas without it. A persona is a fictional representation of a customer that helps a company to understand their needs, preferences, and behavior.
Without segmentation, it is impossible to create accurate personas because different customers have different needs and preferences. By segmenting the market, a company can create personas that reflect the unique characteristics of each segment, resulting in more effective marketing and higher customer satisfaction.
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Imagine you are the marketing manager who is planning to run a coupon campaign for your product. Your staff prepared the following table of information for you to review.
Using this information, determine the percentage of incremental sales to buyers that would not have purchased in the absence of the coupon that would be needed to break even on the promotion. Note: Enter your answer as a number without the % sign. For example, 3.2% would be 3.2 (round to one decimal place, if needed).
Coupon Face Value (discount offered by the coupon) $0.40
Processing Fee (back-end processing costs for each coupon) $0.07
Regular Product Price (price of the product before discounting) $2.40
Margin 30%
Coupons Distributed 30,000,000
Cost/1000 Coupons Distributed $10
Distribution Costs $300,000
Redemption Rate 7%
Coupons Redeemed 2,100,000
Redemption Costs $987,000
Total Campaign Costs $1,287,000
Cost per Coupon Redeemed $0.61
Total Campaign Profit $1,512,000
ROI 17.5%
The percentage of incremental sales to buyers that would not have purchased in the absence of the coupon needed to break even on the promotion is 7.5%.
To calculate this, we need to consider the incremental sales generated by the coupon campaign. The redemption rate of 7% (2,100,000 coupons redeemed) represents the portion of buyers who made a purchase due to the coupon. By multiplying this redemption rate by the regular product price and the margin (30%), we can calculate the incremental sales generated. Incremental sales = Redemption rate * Regular product price * Margin = 0.07 * $2.40 * 0.30 To break even, the incremental sales should cover the total campaign costs, including distribution costs and redemption costs. By dividing the total campaign costs by the incremental sales, we can find the required percentage. Percentage of incremental sales needed to break even = Total campaign costs / Incremental sales * 100 Percentage of incremental sales needed to break even = $1,287,000 / (0.07 * $2.40 * 0.30) * 100 ≈ 7.5% Therefore, to break even on the promotion, approximately 7.5% of incremental sales to buyers who would not have purchased without the coupon are needed.
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ordinary kriging method assume that
The day after you said goodbye
All I did was lay in bed and cry
But after one month, I started to move on
And after two, I felt alright
Then three months in, you were off my mind
And month four and five, I was living my life
I was better and didn't have to try
Not to think of you, 'til you reached out
And said, "Remember that night?"
finish the lyrics
Answer:
We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
How to find out if your income tax refund will be garnished?
Your refund will likely be taken by the BFS if you're past due on any of the aforementioned payments. After filing your taxes, you'll also get a notice.
How can I tell if my return will be withheld?The organization you owe money to must write to you 60 days after you have an unpaid debt before sending it to the TOP. Information about how to make payments will be included in the letter.
Can the government keep a portion of your tax refund?If you owe federal or state government organizations past-due money, the U.S. government may take your tax refund as payment. The TOP assists these organizations in recovering their debts by withholding funds from a federal payment to pay the debt.
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a firm acquires through the sale of ownership in the firm. a. liability funding b. equity financing c. spectator capital d. debt financing
Equity financing refers to the process of raising capital by selling ownership in a company. The correct answer is "b".
This can be done through various means, such as issuing shares of stock or offering ownership stakes to investors. Unlike debt financing, where a company borrows money and must pay it back with interest, equity financing does not require the company to make regular payments or pay interest. Instead, investors who provide equity financing become shareholders in the company and may receive dividends or capital gains as the value of the company increases. Equity financing can be a valuable source of capital for businesses, allowing them to raise funds without incurring additional debt. Option: b is correct.
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Help me, please.
⇒ Debt you've seen in your everyday life
⇒ Potential debt you plan to get into and why. What are the potential benefits of getting into this debt? What do you hope to get out of it?
Answer:
1) Auto loan - a lot of people take auto loans to purchase their dream car although it considered as a bad debt as a car usually is very expensive.
2) potential debt I wouldn't mind getting into would probably be something for myself aka self development. investing in yourself by borrowing for more education or to consolidate debt. it can increase your ability to save for the future, build wealth, etc.
A jacket costs $50, and the markup is $49.99. What
is its retail price?
The retail price of the jacket is $99.99.
What is retail price?The retail price can be defined as the final price that a good is sold to customers for, those being the end users or consumers and this means that those customers do not buy the product to re-sell it but to consume it. Retail price is not similar to the manufacturer price and distributor price, which are prices set from one seller to another through the supply chain. In competitive, free markets, the final seller or retailer sets the retail price considering costs as well as supply and demand conditions.
When setting the price, the retailer will try to obtain an appropriate profit margin but at the same time to show an attractive price in comparison to competitors. The manufacturer can recommend a retail price in order to have some influence in the decision and thus to guarantee a price aligned to the marketing strategy.
A retail price is the cost paid for a good at retail stores.
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_____ reprocess a good or service they buy before selling it again to the next buyer.
Industrial firms in some way reprocess a product or service they buy before selling it again to the next buyer.
A business that produces capital goods, which are typically utilized in manufacturing or construction, is known as an industrial corporation.Some of the biggest businesses in the US are found in the industrial products industry. Additionally mentioned are General Electric, Honeywell, Union Pacific, Caterpillar, 3M, Dow Chemical, and Boeing.According to size, the 11 sectors are arranged as follows: Consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate, materials, information technology, health care, and other sectors are also included.To know more about Industrial firms here
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You’re out to lunch with a friend from school. They confide in you that they have yet to vote in an election and are unsure about registering with a political party. As you continue to talk, you find out that there are a few issues that they feel particularly strong about.
They don’t approve of abortion, but they see that it may be necessary for some situations. They think that everyone needs to have affordable health care. They believe that a wall should separate the United States from Mexico. They also believe college tuition should be affordable for everyone, and the government should explore all possibilities to this goal, including increasing taxes for the rich.
-Based on what you know about each political party’s stance on these issues, which party do you think your friend’s beliefs are more aligned with? Why? What kind of information would you offer to help them make a decision about registering with a party?
Based on the issues your friend feels strongly about, it appears that they hold a mix of conservative and progressive beliefs. Specifically, their views on abortion suggest a more conservative leaning, while their support for affordable healthcare and college tuition align with progressive values.
However, their belief in a wall separating the United States from Mexico is a more divisive issue, with various political factions holding different perspectives on this matter.
In terms of which political party best aligns with your friend's beliefs, it could be argued that neither Democrats nor Republicans fully embody your friend's views. However, based on the information provided, it seems that Democratic Party positions may better align with your friend's beliefs on healthcare and college tuition affordability. On the other hand, Republican Party positions may better align with your friend's views on a border wall and abortion restrictions.
It is also important to note that political parties are often complex organizations with varying ideologies within them. Additionally, there may be third-party candidates who more closely represent your friend's views.
To help your friend make an informed decision about registering with a party, you could offer to provide additional information or resources about the positions of different political parties on a range of issues. You could encourage them to research the platforms of different parties, investigate the records of elected officials, attend town hall meetings, and speak with individuals from different political groups to get a more nuanced understanding of their positions. Ultimately, it is important for your friend to align themselves with a party whose principles and values reflect their own, but also to remain open to differing perspectives and ideas.
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A discount sale is also called a(n) _________________________. This is a reward for buying something now rather then later
An incentive is a discount that rewards the buyer for an immediate purchase rather than a future transaction.
What are other types of incentives?Other examples of sales Incentives are:
BonusesCommissionCouponsDiscountsBuy One Get One FreeIncentives are used to encourage customers to buy more, stay loyal, and help the business win more customers through word of mouth marketing.
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One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
Can someone give a tagline for news and what's its meaning very important thank you
Answer:
A tagline is a catchy, memorable, short phrase that sums up the vision behind the service or product that you are offering. A good tagline could ideally polarise the crowd and appeal directly to your “tribe”.
In the broadest sense, a new product marketer must research ________ when developing a new product and a marketing program
a. attitudes of consumers toward packaging
b. various domestic promotional challenges
c. characteristics of international markets
d. characteristics influencing the rate of adoption
e. characteristics related to pricing acceptability
In the broadest sense, a new product marketer must research characteristics influencing the rate of adoption when developing a new product and a marketing program.
Option D is correct.
Before developing a marketing strategy for a new product, a marketer should investigate the factors that influence its adoption rate.
What is the adoption rate in marketing program ?Before developing a new product and marketing strategy, a new product marketer must conduct in-depth research to comprehend the factors that will influence the rate of adoption of the new product. This requires studying the product's unique features and benefits, the size of the potential market, and the specific needs and wants of the target audience. The marketer must also assess the product's positioning and the market's competitive environment.
The marketer must also take into consideration the various components of the marketing mix, such as product design, pricing strategies, promotional activities, and distribution channels, in order to develop a successful marketing strategy that will result in a significant increase in demand for the new product.
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Fido wants to buy a new car. He will need to get a car loan. Fido decides to wait for few months until his credit
history improves. Which explains whether Fido is making a sensible decision?
O Fido's decision is sensible because the selling price of the car should be less in a few months.
• Fido's decision is sensible because the cost of the of car loan should be less if his credit history improves.
O Fido's decision is not sensible because he needs the car right away.
• Fido's decision is not sensible because it does not matter if he buys the car now or in a few months.
Fido's decision is sensible because the cost of the of car loan should be less if his credit history improves.
What should you do if this is your first time financing a car?Calculate the payment you can afford.
Learn what factors affect loan acceptance.
Pre-approve for a loan and compare rates.
Do some research before purchasing an automobile.
Get ready for the dealer.
What kind of credit has easy access?Very short-term loans with typically very high interest rates are referred to as easy access credit. It's a polite way of stating title loans, payday loans, or transactions at pawn shops.
What contributes to the development of a bad credit history?Pay less than the bare minimum.
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Billkin Company Income Statement For the year ended December 31, Year1 & 2 (dollars in thousands) Year 1 Net sales Less: Cost of goods sold Gross Margin Less: Operating expenses Operating Income Less: Interest expense Income before taxes Less: Income taxes (50%) Net income 75,000.00 52,500.00 22,500.00 11,452.00 11,048.00 400.00 10,648.00 5,324.00 5,324.00 Year 2 50,000.00 35,000.00 15,000.00 10,000.00 5,000.00 400.00 4,600.00 2,300.00 2,300.00 Billkin Company Statement of Retained Earnings For the year ended December 31, Year1 & 2 (dollars in thousands) Year 1 Balance, beginning of period Net income Total Less:Preferred dividends Dividends to common stockholders Balance, ending of period 5,324.00 5,324.00 5,324.00 Year 2 5,324.00 2,300.00 7,624.00 224.00 1,000.00 6,400.00 Billkin Company Comparative balance sheets For the year ended December 31, Year1 & 2 (dollars in thousands) Current Assets Cash Marketable securities Accounts Receivable Inventories Other Total Current Assets Property and equipment Land Buildning and equipment Total long-term assets Total Assets Current Liabilities Notes payable, short term Accounts payable Current maturity of long term debt Accrued payables Total current liabilities Long term liabilities Bonds payable, 10% Total liabilities Stockholder's equity Preferred stock, $25 par, 7% Common stock, $2 par Additional paid in capital Retained earnings Total Equity Total liabilities and stockholder's equity Assets Year 0 Year 1 6,000.00 2,500.00 500.00 2,000.00 5,000.00 10,000.00 3,000.00 800.00 1,500.00 12,300.00 19,000.00 6,000.00 6,000.00 5,000.00 5,000.00 11,000.00 11,000.00 23,300.00 30,000.00 Liabilities and Stockholder's Equity 2,800.00 3,000.00 5,000.00 5,800.00 400.00 400.00 1,500.00 1,876.00 9,700.00 11,076.00 4,000.00 4,000.00 13,700.00 15,076.00 3,200.00 3,200.00 1,600.00 1,600.00 4,800.00 4,800.00 5,324.00 9,600.00 14,924.00 23,300.00 30,000.00 Year 2 1,600.00 1,600.00 8,000.00 10,000.00 800.00 22,000.00 4,000.00 6,000.00 10,000.00 32,000.00 3,200.00 6,400.00 400.00 2,000.00 12,000.00 4,000.00 16,000.00 3,200.00 1,600.00 4,800.00 6,400.00 16,000.00 32,000.00 Instruction: 1 Compute all ratios for YEAR 1 AND YEAR 2 that are found in Liquidity Leverage Profitability ratios 2 Create an overall analysis of the company's performance based on the ratios computed. Make sure analysis is holistic, meaning encompassing the whole company and the relationship of the accounts and their movements. This should help you understand why the company performed such way.
The analysis of Billkin Company performance shows that the company's liquidity deteriorated in year 2, and profitability also declined. However, the company's leverage position improved, and it was efficiently using its assets and equity to generate income.
The following are the calculations of different ratios for the given years,Year 1 ratios:
1. Liquidity Ratios
Current Ratio= Current Assets/Current Liabilities= 10,000/9,700= 1.03
Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities
= (6,000+2,500+500)/9,700= 0.91
Inventory Turnover= Cost of Goods Sold/ Inventory= 52,500/2,000= 26.25 times
2. Leverage Ratios
Debt-to-Equity Ratio= Total Debt/ Total Equity= (9,700+4,000)/14,924
= 1.10
Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense= 11,048/400= 27.62 times
3. Profitability Ratios
Net Profit Margin= Net Income/ Net Sales= 5,324/75,000= 0.07
Return on Total Assets= Net Income/Total Assets= 5,324/23,300= 0.23
Return on Equity= Net Income/Total Equity= 5,324/14,924= 0.36Year 2 ratios:
1. Liquidity Ratios
Current Ratio= Current Assets/Current Liabilities= 1,600/12,000=
0.13
Acid-test Ratio= (Cash+ Marketable Securities +Accounts Receivable)/Current Liabilities
= (1,600+8,000+10,000)/12,000
= 1.58
Inventory Turnover= Cost of Goods Sold/ Inventory
= 35,000/800
= 43.75 times
2. Leverage Ratios
Debt-to-Equity Ratio= Total Debt/ Total Equity= (12,000+4,000)/16,000= 0.875
Interest Coverage Ratio= Earnings before Interest and Taxes/ Interest Expense
= 5,000/400= 12.5 times
3. Profitability Ratios
Net Profit Margin= Net Income/ Net Sales= 2,300/50,000
= 0.046
Return on Total Assets= Net Income/Total Assets
= 2,300/32,000
= 0.072
Return on Equity= Net Income/Total Equity
= 2,300/16,000
= 0.144
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how should an organization identify its most valuable customers
To identify the most valuable customers, an organization can follow these steps:
Define criteria for customer value: Determine the factors that contribute to customer value in your specific industry and business. This could include metrics such as revenue generated, frequency of purchases, average order value, customer loyalty, referral rate, or lifetime value.
Gather customer data: Collect relevant data about your customers, such as purchase history, transaction details, demographics, behavior patterns, and engagement metrics. This data can be obtained from various sources, including CRM systems, sales records, customer surveys, website analytics, or loyalty programs.
Analyze customer data: Apply data analytics techniques to segment and analyze your customer data based on the defined criteria for customer value. This analysis can help identify patterns, trends, and characteristics of high-value customers. Common segmentation methods include RFM analysis (recency, frequency, monetary value), customer clustering, or predictive modeling.
Calculate customer value metrics: Use the collected data and analysis to calculate specific customer value metrics for each customer, such as total revenue generated, average order value, or customer lifetime value. This will help quantify the value that each customer brings to the organization.
Rank and prioritize customers: Based on the customer value metrics, rank the customers from highest to lowest value. This ranking allows the organization to prioritize resources, marketing efforts, and customer service towards the most valuable customers.
Continuously monitor and update: Customer value is not static and can change over time. Regularly review and update customer value rankings as new data becomes available or as customer behavior evolves. This ensures that the organization can adapt its strategies to focus on the most current and valuable customers.
By identifying the most valuable customers, an organization can tailor its marketing and customer retention strategies to maximize revenue, enhance customer satisfaction, and improve overall business performance
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________ are preferred over currency for many transactions due to their lower risk of loss.
Check is preferred over currency for many transactions due to their lower risk of loss.
What are the three types of checks?Certified checks, cashier's checks, and payroll checks, commonly known as paychecks, are examples of different types of checks.
A check is a financial document that instructs a bank to transfer a certain sum of money from one person's account to another person's or business's account under the recipient's or issuer's name. Payments can be made using checks in a convenient, secure, and safe manner.
A check is a signed written "order to pay" that you present as payment to another party. When you pay with a check, you are telling your financial institution to transfer funds from your account to the individual (or business) submitting the check for deposit.
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Calculate the following financial ratios. TIP: If you don't remember how to calculate financial ratios, review the Calculating Financial Ratio pages from Lesson 2 of this unit.
The financial ratio on a financial statement or items gives an insight on the firm financial position.
What is a financial ratio?This refers to the ratio that is used to calculate a company's financial status or production against other firms.
Most decision-users makes use of these financial tool to analyse and gain information about the finance of a company's history or the entire business sector.
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apple music signed a five-year, $50 million-per-year deal to sponsor the super bowl halftime show. which previous halftime sponsor held the rights the longest?
A 30-second commercial during the Super Bowl the following year is expected to cost around $7 million. Apple, for one, determined that this was too expensive. The entire halftime show was thus purchased.
According to Brian McCarthy, the NFL's vice president of communications, the expensive does not pay halftime performers a "appearance fee, but the artists are indeed paid union scale." Each light, fireworks, or special effect can raise the overall cost by thousands of commercial. Sometimes the total comes to millions of dollars. For instance, Esquire claims that it cost $13 million to stage Jennifer Lopez and Shakira's 2020 concert.
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Whenever a customer's check
bounces, what account is credited?
A. Cash Equivalents
B. Accounts Receivable
C. Checks
D. Cash
why are there so few ecosystems with more than four levels of consumers?
There are often no more than four trophic levels due to the fact that as levels increase, biomass and energy levels drop.
What is an example of trophic?
There are often no more than four trophic levels due to the fact that as levels increase, biomass and energy levels drop.
Many consumers consume at many trophic levels. When eating plants like veggies, for instance, humans are the main consumers. When they consume cows, they do so as incidental consumers. When they consume salmon, they are third-level consumers.
Trophic things usually involve food, eating, or nutrition. This word is most frequently found in textbooks on Earth science or biology, where you might read about trophic webs or related food chains.
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the total cost of an asset less its accumulated depreciation is called
Answer:
Depreciation is called its net cost or carrying amount.
many companies state their brand promise directly in words, using a short phrase called what
Answer:Many companies state their brand promise directly in words, using a short phrase called what? A. A warranty B. A customer mindset C. A corporate image D. A tagline
✓ D.
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw materials is considered a non-value activity.
Answer:
TRUE
Explanation:
Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.
If the customers does not wish to pay the price, then there is no value.
So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.
Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.
Harry asked a professional at his school to help him in his search for an
academic major. Whose advice did Henry seek?
OA. A legal representative
O B. A networking assistant
O C. A therapist
D. A guidance counselor
Answer:
I think D is right answer
Joaquín, a human resources manager, has to lay off either of two department heads, Coral or Mike, because the downsizing process that is going on in the organization calls for the merging of their two departments. However, Joaquín cannot decide whom to lay off, since they are both excellent managers and he does not want to dismiss either of them. In this case, Joaquín is having a difficult time making a decision due to experiencing ________ conflict
Joaquin is having a difficult time making a decision due to experiencing psychological conflict.
Psychological or personal conflict refers to a situation in which a person is motivated to engage in at least two fundamentally unconnected or incompatible activities. It occurs when the vocal, linguistic, symbolic, or passionate responses required to fulfill one intention are contradictory with those needed to satisfy another.
A person who is driven to engage in two or more activities that are incompatible or mutually exclusive is said to be in personal or psychological conflict.
In this case, since Coral and mike are both good managers and Joaquindoesn't want to fire any of them, he is unable to determine who to lay off because of the mental conflict he is having.
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