Answer:
My family purchases a lot of things every day, most of them we don't even realize we are purchasing them or we take it as something completely ordinary, e.g. I'm purchasing electricity and internet services while answering this question and I really don't think about it. At the end of the month we just pay the bills. We usually only notice that we are paying for these services when a big storm comes and the electric system crashes, and we start to complain why don't they build better systems.
When we go to the supermarket or a grocery store we just pick the things we like and pay for them. I guess we have a pre-established idea of how much things should cost and only notice their price when they change (e.g. offered at a discount or its price suddenly increases a lot).
Although that doesn't apply to all our expenses, when we shop for clothes, electronics or pay gas, we really pay attention to the price. I guess that since clothes are something you don't buy everyday or every couple of days, I guess once a month at most. We usually compare the price of clothes and electronics a lot, internet websites are very useful for this. Since there are several gas stations near our house (3 in total), we usually go to the cheapest one since we spend a lot on gas (about $300 a month).
I guess that the goods and services we buy are priced differently:
For example, utilities and cable + internet do not have a lot competition around, so the price is set by the service provider almost at free will. The utilities are a monopoly and their are only 3 cable and internet service firms here and they all have similar prices.We usually buy groceries at the same place, every time. I guess that some time in the past we compared the prices of the supermarkets and decided that this one was had the lowest prices. We usually get weekly offers through our email and we notice some prices are different. Finally where we notice a lot of price competition is when we buy clothes or electronics, that is why we double check to find the cheapest place to buy.Prices of goods and services are influenced by price elasticity, consumer income, and other factors such as production costs, competition, government policies, and environmental considerations.
Explanation:When determining the prices of goods and services, several factors come into play. One significant factor is the concept of price elasticity, which measures how responsive consumer demand is to changes in price. For luxury items, demand may increase substantially when a product goes on sale due to their high elasticity. On the other hand, necessities have a lower elasticity, meaning that changes in price have a smaller effect on consumer demand.
Another key factor is the consumer's income, which influences the choices people make since they must allocate their limited income to various goods and services. Prices a consumer is willing to pay are also affected by the production costs, market competition, and the perceived value of the products and services.
Overall, prices are influenced by supply and demand dynamics in the market, consumer preferences, cost of production, government policies, and environmental factors. Each of these contributes to the final price tag consumers see on goods and services.
What are 6 major forms of direct marketing?
Internet marketing
direct mail
catalogs
telemarketing
face to face
direct- response marketing
Glubert corp., an adhesive manufacturing company, makes a deal with an insurance company to provide its employees with life insurances that come with low monthly premiums. in the context of maslow's hierarchy of needs theory, the company is fulfilling the _____ needs of its employees.
Safety, insurance is a form of safety.
Hector puts $150 into an account when the interest rate is 4 percent. later he checks his balance and finds he has about $168.73. how long did hector wait to check his balance?
Final answer:
Hector waited approximately 2.935 years for his bank balance to increase from $150 to $168.73 at an annual interest rate of 4% when compounded annually.
Explanation:
To determine how long Hector needed to wait for his balance to increase from $150 to $168.73 with an annual interest rate of 4%, we will use the formula for compound interest which is A = P(1 + r/n)(nt), where:
A is the amount of money accumulated after n years, including interest.
P is the principal amount.
r is the annual interest rate (decimal).
n is the number of times that interest is compounded per year.
t is the time the money is invested for in years.
Since the compounding frequency is not mentioned, we'll assume it is compounded once a year (n=1). We need to solve for t given:
P = $150
r = 0.04 (4% written in decimal form)
A = $168.73
The equation thus becomes $168.73 = $150(1 + 0.04)t.
To solve for t, we will first divide both sides of the equation by $150 to isolate the growth factor:
$168.73 / $150 = (1 + 0.04)t
Now solving for t, we'll use logarithms:
t = log(168.73/150) / log(1.04)
Using a calculator to find the value of t gives:
t ≈ 2.935
Therefore, Hector waited approximately 2.935 years to check his balance.
Which is the biggest company in america in terms of sales?
The correct answer is Walmart.
Walmart is the company with the most sales in the United States. In 2017 Walmart had a whopping $485 billion in sales.
Suppose the economy is in long-run equilibrium at the level of potential output. What will be the long-run effect of an expansionary monetary policy?
Answer:
Higher prices.
Explanation:
Expansionary monetary policy seeks to grow the economy by increasing the money supply, lowering interest rates, and stimulating demand. As we know from the supply/demand curves, higher demand leads to higher price levels.
Long-run equilibrium is defined as the position under which the marginal costs of production is equal to the average cost of production.
What is Expansionary monetary policy?
Expansionary monetary policy is defined as the policy that is helpful to grow the economy through increasing the money supply, lowering interest rates, and stimulating demand.
In case of long-run equilibrium, the expansionary monetary policy will be higher in price. A long-run is directly opposite to the short-run equilibrium.
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Regarding the effects of coaching on standardized test scores, which of the following statements is most representative of current research?A. Coaching can lead to 100-point gains if the quality of coaching is high.B. Coaching is not likely to lead to 100-point gains if student motivation is high.C. The best predictor of increased test scores could be "number of times tested" and not "coaching." D. The best predictor of increased test scores could be "coaching quality" and not "student motivation."
The correct answer is choice a, coaching can lead to 100-point gains if the quality of coaching is high.
Current research has been published by the College Board indicating that students using a high quality coaching program can increase their standardized test scores by over 100 points.
The correct statement most representative of current research regarding the effects of coaching on standardized test scores is C. The best predictor of increased test scores could be ""number of times tested"" and not ""coaching.""
To understand why option C is the most representative of current research, let's consider the evidence typically found in educational studies
A. Coaching can lead to 100-point gains if the quality of coaching is high. While coaching can improve test scores, the claim of a specific 100-point gain is not universally supported. The effectiveness of coaching can vary widely, and research often shows more modest gains.
B. Coaching is not likely to lead to 100-point gains if student motivation is high. This statement suggests that student motivation might negate the need for coaching, which oversimplifies the complex interplay between motivation, coaching, and test performance. High student motivation can contribute to better performance, but it does not necessarily preclude the benefits of coaching.
C. The best predictor of increased test scores could be ""number of times tested"" and not ""coaching."" Research has shown that familiarity with the test format and repeated exposure to test-taking can lead to score improvements. This phenomenon, often referred to as the ""testing effect"" or ""practice effect,"" suggests that taking a standardized test multiple times can lead to higher scores, independent of coaching.
D. The best predictor of increased test scores could be ""coaching quality"" and not ""student motivation."" While coaching quality is indeed an important factor, it is not the only predictor of test score increases. Research indicates that other factors, such as the frequency of testing, can also be strong predictors of score improvements.
In summary, option C is supported by research that indicates the ""testing effect"" can be a significant factor in score improvements on standardized tests. This effect is independent of coaching quality or student motivation, although these factors can also influence test scores."
Examples of items deducted to determine an employee's net pay are
a. federal income tax witholding.
b. all of these choices are correct.
c. union dues.
d. retirement savings deductions.
All of these are correct. Each can be deducted to determine net pay.
In a vertical integration move, a supplier organization has been acquired. this will necessitate a change in business processes due to ___________.
a. process ineffectiveness
b. a change in business fundamentals
c. process quality
d. technology changes
e. process inefficiency
b. a change in business fundamentals
What is the difference between product promotion and institutional promotion?
What are advantages and disadvantages of promotion?
Hello there!
The difference between product promotion and institutional promotion is:
Institutional promotion:
Brand buildingCorporate AdvertisingUsed to bring people to their companyProduct promotion:
Product advertisingUsed to attract customers into a productUsed to increase the value of a productThose are the main differences between an institutional promotion and a product promotion. A institutional promotion is to pretty much advertise the company as a whole to customers, not a specific product, but on the other hand, a product promotion is advertising a specific product to customers. For example, a beer company would be doing a institutional promotion by advertising to drink responsibly, and that is showing that the company cares about people rather than building up their products. An example for a product promotion is Apple sending out advertisements about their new iPhone X, and the advertisement is specifically talking about that product and nothing else.
The advantage and disadvantage of promotion:
The advantages of promoting:
Increases salesIncreases valueIncreases BusinessThe disadvantages of promoting:
Increase priceNot trusted promotionDoubtful reasoningsIncrease in low quality advertisementsThe advantages of promotion is that you would get more people to buy a product and go to a companies business, and spend money on them. This is good because it will bring up the sales, which would bring the value of the company up, and will increase the business it gets.
The disadvantages of promotion is that you would need to increase the prices of a product so you can pay back the money that you used to advertise it. Promotions most of the time aren't trustworthy, a promotion could say that a phone is very durable and can survive a drop of 20 ft, but in reality, it really doesn't. Promotions could also have doubtful reasonings, for example, a toothpaste promotion could have a fake dentist in the advertisement to say how "good" thee toothpaste is. After the more promotions get released, the lower the quality of it gets. A business wants to save money, so they wouldn't spend a lot of money of a promotion of advertisement.
Product promotion focuses on specific products, while institutional promotion aims to boost the organization's overall image. Promotions help create awareness and increase sales, but run the risk of devaluing the product and being costly.
Explanation:Product promotion refers to the marketing activities a company uses to promote a specific product to potential and existing customers. For instance, this could include advertising, coupons, discounts, point of purchase displays, etc. On the other hand, institutional promotion aims to create a positive image for the entire organization rather than promoting specific products. Examples could include press releases, sponsorships, and corporate social responsibility initiatives.
As for advantages and disadvantages of promotions, they help create awareness, increase sales and attract new customers. However, they may also lead to perceived devaluation of the product if promotions are too frequent, and they can be expensive as well.
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A study in the construction industry found that when equipment is stolen from building sites, workers are the culprits 82 percent of the time. if background checks reduced employee thievery over a period of time and throughout the industry, then this selection process would be ____.
a. corroborated
b. validation
c. legally binding
d. eeoc certified
e. legally authorized
B. Validation
You would expect that hiring quality employees without criminal histories would lead to a reduction in theft and these assumptions are validated by the findings.
If background checks reduced employee thievery over a period of time and throughout the industry, then this selection process would be: a. corroborated.
What is Corroborated?Corroborated refers to extra evidence or sources that support or confirm something.
In this case, the selection method for conducting background checks would be justified if background checks decreased employee theft and this conclusion was backed or validated by evidence from the study or other sources in the construction industry.
Therefore the correct option is A.
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When buying groceries, many shoppers prefer certain products simply because they have a familiar brand name. this preference best illustrates the importance of the _____?
the mere exposure effect
Because investors can eliminate unsystematic risk "for free" by diversifying their portfolios, they ________.
a. do not require a credit spread
b. are indifferent about credit spread and risk premium
c. require a risk premium for bearing it
d. do not require a risk premium for bearing it
D. do not require a risk premium for bearing it
Molly finn filed a voluntary petition in bankruptcy. she provided a list of creditors and debts to the courts as required. however, ann sawyer was unintentionally left out of the list of creditors and debts. the creditors held their first meeting on march 5. it is now may 31 and sawyer has just learned of the bankruptcy of finn. will she be able to share in the distribution from the estate?
Answer: Sawyer can file a proof of claim, but it must be allowed by the court.
Explanation:
utilizing the models of marketing communication-- tactic used in the one-to-one model which is a more personal level of marketing
Direct marketing tactic.
Direct marketing is a method used by companies that directly targets the potential customers they want to reach through things like direct mail, text advertisements, custom ads on social media, email marketing, and direct selling.
A direct marketing tactic utilizes the models of marketing communication-- tactic used in the one-to-one model which is a more personal level of marketing. A direct marketing tactic is a form of directly getting your advertisement/information to a potential consumer. Phone calls, text messages, emails, online ads, brochures and more are all direct marketing tactics to reach customers. By marketing directly to them, there is a greater chance of them seeing and considering the product/service.
_____ is often the approach of choice in markets with insufficient or underdeveloped distribution systems. direct marketing a big wholesale store internet selling a discount house television advertising
Direct marketing because makes up for the underdeveloped distubution systems
You present strong arguments to college students to support your claim that tuition and fees at state colleges are too high. you strongly encourage audience members to make a trip to the state capital and petition legislators to lower tuition rates. however, it is unlikely that many audience members, if any, will follow your suggestion because:
The answer to the question is because the effort to visit the legislators are too great.
Unfortunately, even though the audience members support your perspective, often times, people are reluctant to follow through on the actions needed to make the change. This is a common issue found in various parts of society – from your work life to your personal relationships.
Question help if the economy starts to boom and loan demand picks up, what do you predict will happen to the money supply?
a. the money supply will decrease
b. the money supply will not change
c. the money supply will increase
d. the effect on the money supply is ambiguous click to select your answer. please wait...
c. the money supply will increase
In cities with rent control, people have an incentive to list their apartments on sites such as airbnb at rents ________ the controlled rates, because rent control causes a ________ of apartments
above and shortage- The rent controls impact supply and demand
Final answer:
In cities with rent control, people have an incentive to list their apartments on sites such as Airbnb at rents above the controlled rates, because rent control causes a shortage of apartments.
Explanation:
In rent-controlled cities, people list their apartments on platforms like Airbnb above controlled rates due to a shortage caused by rent control, which fixes rental prices below market equilibrium leading to reduced supply and market distortions.
Rent controls keep the price of apartment rental below its equilibrium level, creating a situation where the quantity demanded is greater than the quantity supplied. With this imbalance, and because the law prevents prices from adjusting to the market equilibrium, alternative forms of rationing occur, often leading to reduced availability in the traditional rental market.
Rent controls vary in flexibility depending on the city. Some cities permit rent increases for improvements or to keep pace with the economy, and often exempt new construction or vacated apartments. However, these controls can cause apartment suppliers to lose revenue, pushing them to other markets or resulting in reduced maintenance or supply.
Landlords looking to maximize their profits might resort to listing on platforms such as Airbnb where they can set prices freely. This results in a reduced number of apartments offered at rent-controlled prices, exacerbating the issue and raising market rents in the long run.
How can you ensure that you do not get lost on your way to your interview or arrive late? (Site 1)
Not get lost on the way to interview:
- check and confirm address of interview
- look up location on GPS or maps app on phone
- if possible, go to the interview site in advance
Not arrive late:
- find out how long it takes to travel there
- leave early before the interview
- if possible, go to the interview site in advance
Answer: Not get lost on the way to interview:
- check and confirm address of interview
- look up location on GPS or maps app on phone
- if possible, go to the interview site in advance
Not arrive late:
- find out how long it takes to travel there
- leave early before the interview
- if possible, go to the interview site in advance
Clark corporation has an average collection period of 7 days, an inventory conversion period of 30 days, and a payables deferrable period of 60 days. what is clark's cash conversion cycle?
Clark's cash conversion cycle is 37 days.
The following advantages:unlimited life,ease of transfer and limited liability apply to
The correct answer is a corporation.
These three characteristics all refer to a corporation. It is for these reasons that many people chose to set their business up as a corporation instead of a proprietorship or partnership.
"when the number of units produced exceeds the number of units sold, net income under absorption costing will be:"
Answer:
The answer is that the net income under absorption costing would be higher than the net income under variable costing.
Explanation:
Absorption costing and variable costing are terms used in accounting contexts. Absorption costing, also known as full costing, incurs overhead costs when the product is sold; not before it. Variable costing, also referred to as direct costing, would include overhead costs during the period the costs occurred. In this condition, net income would be higher using absorption since overhead costs would not be included until the product is sold.
Some products that have entered the decline stage have been cycled back to the growth stage through ________.
strong promotion or repositioning.
A(n) ________ is a brand that is developed by a national brand vendor, often in conjunction with a retailer, and is sold exclusively by the retailer.
This is known as an exclusive brand, because the retailer is the only company that has access to selling it.
Teamwork competencies include keeping the team on track and expecting quality work.T/F
True. You don't want everyone just browsing the web.
Refer to exhibit 11-4. if a person's taxable income is $90,000, how much does he pay in taxes?
a. $22,500.
b. $19,250.
c. $17,600.
d. $8,780.
Without the specific exhibit 11-4, we cannot definitively answer this question. However, the question relates to how tax is calculated. In a hypothetical progressive tax system, a person's different income portions are taxed at varying rates. Assuming specific tax brackets, a person earning $90,000 might pay $13,000.
Explanation:Without having exhibit 11-4, it's impossible to give a precise answer. However, the given options suggest that this might be related to a progressive tax bracket system. In a progressive system, different portions of a person's income are taxed at different rates. Let's assume the person is taxed 10% on the first $50,000, then 20% on the next $40,000, and finally 30% on anything over $90,000.
The calculation steps would be:
10% of $50,000 gives us $5,000 20% of $40,000 gives us $8,000 Since $90,000 is our cap, we won't charge the 30% bracket.
Summing these up, we get a total of $13,000 in tax. However, this is a hypothetical scenario, and the exhibit might provide different tax rates and different income brackets.
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How has the Internet changed entertainment marketing? Predict how the internet will change entertainment marketing in the future
The internet has increased the options that consumers have. Consumers also have more information and a voice. Competition has also increased. In the future disturbution will improve and options are likely to increase futher.
Final answer:
The Internet has reshaped entertainment marketing by introducing new media platforms that facilitate targeted and cost-effective campaigns, particularly in politics. In the future, internet and social media marketing are expected to become more prominent, though TV will still hold significance. The continuous technological advancements in bandwidth and media consumption could further solidify the Internet's role in entertainment marketing.
Explanation:
The Internet has significantly transformed entertainment marketing by shifting the focus from traditional media to new media, which encompasses Internet-based technologies and platforms. One prominent change is in the marketing of political campaigns, which increasingly leverage the power of social media and online platforms to deliver targeted messages. The low cost and wide reach of the Internet allow for strategic, cost-effective campaigns that engage younger, educated, and technologically savvy demographics more effectively than traditional mass media.
In regards to the future of television advertisements in political campaigns, it is likely that while TV will remain significant due to its reach, the integration of the Internet and social media will become even more pervasive in disseminating political content. Ads tailored for the Internet and social media will likely be more interactive, personalized, and data-driven, catering to the preferences and behaviors of individual users.
As bandwidth and technology continue to advance, enabling richer media experiences such as streaming video on smartphones and tablets, the landscape of entertainment marketing will further evolve. The Internet may begin to overshadow television as it continues to offer novel ways to engage consumers and track the effectiveness of marketing strategies in real-time. Nevertheless, a universal access dilemma persists, potentially impacting the availability and influence of online marketing in the future.
The global capital market limits the opportunity for businesses and individuals to build a diverse financial portfolio.
a. True
b. False
this statement is false
When estee lauder set up a web site to sell its clinique and bobbi brown brands, dayton hudson reduced space for estee lauder products in its department stores in response to the __________________________?
Multichanel conflict, which happens when a manufacturer offers their products in different channels that compete with each other.
Dayton Hudson reduced space for Estee Lauder products in its department stores in response to Estee Lauder's move to sell its Clinique and Bobbi Brown brands online, highlighting the competitive threat posed by digital transformation in the retail industry.
Explanation:When Estee Lauder decided to launch a website to sell its Clinique and Bobbi Brown brands directly to consumers, Dayton Hudson responded by reducing space for Estee Lauder products in its department stores. This reaction was in response to the perceived threat of competition from Estee Lauder's online sales channel.
By going online, Estee Lauder not only expanded its sales reach but also directly competed with department stores like Dayton Hudson, which traditionally relied on exclusive access to such premium brands to attract customers. This situation highlights the impact of digital transformation in the retail industry, where traditional retailers have to adapt their strategies due to the increasing prominence of e-commerce platforms.
Personal liability coverage does not protect an occasional babysitter. the cost of legal defense. a guest. members of the homeowner's family who accidentally break a neighbor's antique lamp. a housekeeper.
a housekeeper is the best option