Penetration pricing, setting the price lower to attract attention.
According to the "rule of 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp per capita is 5%?
14 Years.
The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.
70/5% = 14 years
Zemann's, a large firm selling custodial supplies to other businesses, has decided to begin offering trade credit. its major objective in granting credit is
To increase sales by giving customers more buying power with the credit. It also gives customers more options.
A statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as
A statistical model applicable when product demand or any other variable is not known but can be specified by means of a probability distribution is referred as a probabilistic model. A probabilistic model will show how various solutions to building more demand of a product can be done. A deterministic model will show a single outcome for an event. With a probabilistic model, considering uncertainty is important.
After installing an electronic data interchange, carmella's gift shop was able to reduce _______, the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise.
The were able to reduce lead time.
After installing an electronic data exchange, the Carmella souvenir shop can reduce time, costs and errors.
Further ExplanationUnderstanding EDI (Electronic Data Interchange) is one method of business exchange that refers to a highly commercial business field by using a standard format that has been determined and mutually agreed upon by most existing organizations.
The purpose of EDI is to be able to help business people to process documents with other parties accurately, quickly and efficiently in their completion. If the process is carried out as well as possible, then there will be very good communication between fellow business people both internally and externally.
The degree of EDI application.
Three different levels of usage, namely:
1. First-level users, only one or two sets of transactions are transmitted to a limited number of trading partners.
2. Second-level users, many sets of transactions are transmitted to several trading partners, transcending industry lines.
3. Third-level users, not just many sets of transactions that are transmitted to many trading partners, but the company's computer applications are tailored to the EDI approach.
Level one and two objectives are to turn paper documents into electronics.
Effects of EDI Application:
- Competitor Pressure
- Power exercised
- Internal needs
- Top management support
Advantages in using EDI
Time savings. EDI replaces paper-based transactions into electronic-based transactions. This has saved the time that was previously allocated for writing, printing, and shipping through postal services. Cost savings. Costs for equipment, stamps, postal services, employees and officers can be reduced because the EDI system has simplified all of this in a systematic and automatic order. Error minimization. Errors that often occur in manual work are common because work using paper is done by humans, while the EDI system is a computer-based system so that errors in the process of exchanging information can be reduced by computer calculations. Fast response. The traditional paper ordering method takes days for transaction documents to reach their delivery destination. This waiting time has significant value for business people. EDI systems that use electronic forms in the delivery process can instantly send transaction documents to business people so they have more time to determine business maneuvers. Cash flow. Trading cycles become faster as the order and delivery process speeds up which also affects the speed of payment. The rapid increase in payments will have an impact on increasing cash flow. Opportunities in business. The number of customers is increasing and they will usually only do business with suppliers who use EDI. The competition also increases in starting a new business because of the use of EDI. The supermarket industry and vehicle assemblers are examples of businesses that use EDI a lot in their partnerships.
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Grade: High School
Subject: Business
keywords: EDI (Electronic Data Interchange)
In 1975, part IV was added to Title 35 as a major amendment dealing with _________ patent rights.
International patent rights.
Part IV of US Code Title 35 established the Patent Cooperation Treaty which made it easier to protect your idea via patent in every country that agreed to the treaty.
In 1975, a major amendment was made to Title 35, adding part IV to deal with patent rights. This amendment details the grant of exclusive rights to inventors in the realms of utility, design, and plant patents, promoting innovation and protecting inventors' contributions.
In 1975, part IV was added to Title 35 as a major amendment dealing with patent rights. The focus of this amendment was on the exclusive rights granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years. Patents may be granted for three types of inventions including utility, design, or plant patents. Utility patents are granted for the invention or discovery of a new and useful process, product, or machine. Design patents protect the invention of a new, original, and ornamental design for an article of manufacture. Lastly, plant patents may be granted to anyone who invents or discovers and asexually reproduces any distinct and new variety of plant. These types of patents play a crucial role in fostering innovation, protecting the investments of inventors, and ensuring the vitality of the U.S. economy through the development of new products and technologies.
Travis is a participant in the x-games every year, which features events that are high flying and exhilarating to watch or participate in, but also very dangerous to the competitors. because travis is willing to take chances with his health to get the adrenaline rush from these sorts of events, costa and mccrae would argue that he ranks high on which of the five factors?
Openness
Costa and Mccrae's 5 factors are OCEAN
Openness
Conscientiousness
Agree-ability
Extraversion
Neuroticism
Answer:
Costa and Mccrae would argue that Travis ranks high in the "openness" factor of their five.
Explanation:
Costa and Mcrae developed a very good approach to explain and understand personality. For that, they propose their five-factor model of personality. Composed by:
Neuroticism
Extraversion
Openness to Experience
Agreeableness
Conscientiousness.
The factor of openness to experience explains the level of a person's creativity, imaginativeness, curiousness, and liberality. Being more creative and imaginative when they score high and how very imaginative, creative, and liberal if they score low.
A type of organization in which top management ensures that there is consensus about the direction in which the business is heading is
a.select one:
a. network organization.
b. mechanistic organization.
c. high-involvement organization.
d. learning organization.
e. functional organization.
Answer:
high-involvement organization
Explanation:
A high-involvement organization has a higher level of involvment from staff at all levels. The idea behind this approach is that higher staff involment increases performance and worker well being.
The organization type where top management ensures consensus on business direction is the learning organization, suited to innovate and adapt through consensus-building and flattened hierarchies.
A type of organization in which top management ensures that there is consensus about the direction in which the business is heading is most closely related to a learning organization. Learning organizations are designed to foster innovation and adaptability, which aligns with the requirement of management consensus on the company's direction. These organizations institutionalize experimentation and benchmarking, encourage communication, and have flattened hierarchies to improve responsiveness and consensus-building among their employees.
If exports from the united states increased, what would most likely happen to real gross domestic product and price level?
Real GDP and Price Level Increase
Transactional leadership encompasses all but one of the following. Which one?A. Goal settingB. Social interactionC. Monitoring progress toward goal achievementD. Giving feedbackE. Administering discipline
Transactional leadership encompasses all but one of the following. Which one? B. Social interaction
Transaction leadership is a style that a leader may follow when leading a group of people in a workplace. This type of leadership describes the type of leader that rewards their workers when they do well but punishes them when they do not. Transactional leaders are usually only able to keep their follows motivated in the short-term because this style is so up and down.
Answer:
B. Social interaction
Explanation:
Exchange rates are 100 yen per dollar, 0.8 euro per dollar, and 12 pesos per dollar. a bottle of beer in new york costs 6 dollars, 500 yen in tokyo, 6 euro in munich, and 84 pesos in cancun. where is the most expensive and the cheapest beer, in that order
Answer:
Munich and Tokyo
Explanation:
Let's first evaluate the cost in dollars for a beer in each city.
New York: 6 dollars (easy, it's given)
Tokyo: 5 dollars [tex]\frac{500 yens}{100 yens/dollar} = 5 dollars[/tex]
Munich: 7.5 dollars [tex]\frac{6 euros}{0.8 euro/dollar} = 7.5 dollars[/tex]
Cancun: 7 dollars [tex]\frac{84 pesos}{12 pesos/dollar} = 7 dollars[/tex]
So, the most expensive beer is in Munich and the cheapest one is in Tokyo.
After converting the local prices of beer into US dollars using the provided exchange rates, the most expensive beer is found in Munich at $7.5, and the cheapest beer is in Tokyo at $5.
The question asks where the most expensive and cheapest beers are located based on the exchange rates and local prices in various cities. To determine this, convert all local prices into US dollars using the exchange rates provided: 100 yen per dollar, 0.8 euro per dollar, and 12 pesos per dollar. Then, compare these prices.
New York: $6 (already in dollars)
Tokyo: 500 yen = $5 (500 yen / 100 yen per dollar)
Munich: 6 euro = $7.5 (6 euro / 0.8 euro per dollar)
Cancun: 84 pesos = $7 (84 pesos / 12 pesos per dollar)
Based on the conversion, the most expensive beer is in Munich at $7.5, and the cheapest beer is in Tokyo at $5.
Validity refers to the extent to which the tool measures the relevant aspects of performance
If this is a true/false the answer is true, this is validity defined
Which activity is the forth-step in the decision making process of solving a workplace problem?
A. choosing an alternative
B. evaluating the consequences
C. implementing the solution
D. generating alternatives
Answer
Hi,
Correct answer option is {c}
Explanation
There are four stages of solving problems at a workplace;
• Defining the problem where the manager identifies the issue at hand to obtain detailed information about it
• Going through the alternatives, where it involves balancing logical thinking and creativity in accessing and comparing alternatives
• Selecting the best strategy that involves carefully consideration of the options and deciding the strategy which is best for the workplace problem
• Implementing the solution which involves applying the a mixture of reductive analysis and system thinking.
All the Best!
Answer:
A) Choosing an alternative. Jusst got a 100 on this quiz
Explanation:
________ is the loss of high-performing employees who voluntarily choose to leave a company.
The answer is dysfunctional turnover.
This type of turnover is generally what company would like to avoid since it means that there is a condition in the company that causes high-performers to leave it.
An example of this would be lack of opportunities in career advancement or a better job offer from a competitor. A turnover of low performing employees are instead called functional turnover.
In the context of equity theory, _____ occurs when a referent's outcome/input (o/i) ratio is better than one's own o/i ratio. procedural justice overreward distributive justice underreward
Answer:
Underreward
Explanation:
Underreward happens when a referent's ratio is better than the employees'.
This can lead to anger and frustration from the employee because they feel they are being treated unfairly.
What debts are not erased when you file for bankruptcy?
Some debts remain even after you are discharged from bankruptcy. These debts include: spousal support (alimony) and child support payments. student loans if you have been a part time or full time student within the last 7 years (please note, under certain conditions the court can reduce this to 5 years
While bankruptcy erases many debts, some such as student loans, certain tax debts, child support, and debts owed from unlawful behavior are not dischargeable and remain after filing.
Explanation:Filing for bankruptcy is often considered a way to get a fresh start by erasing many of your debts. However, not all debts are dischargeable in bankruptcy. Debts that would typically remain after filing for bankruptcy include student loans, certain tax debts, child support and alimony obligations, debts owed due to unlawful behavior (like criminal fines or restitution), and any debts not listed in your bankruptcy papers. These are not erased even though other debts may be relieved. This can be a significant consideration for individuals who are contemplating bankruptcy options.
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The U.S. Is known for its strong consumer spending but also a trade deficit. This means that the country _____.
The U.S. imports more than it exports in part to supply the strong consumer demand.
Answer:
The US Imports much more than it exports.
Explanation:
We are in debt due to an excessive amount of over seas purchasing, and not enough industry within our own soil. Companies move to foreign countries because manufacturing is cheaper, due to their being no US Tax. Foreign tax is incomparably insignificant. Thus trades create imbalance and financial danger to our Economy.
Myron quit gambling after he lost over a thousand dollars betting on horse races. this best illustrates the effects of:
Negative reinforcement.
When Myron gambled, he experienced the negative consequence of losing money. In order to avoid this consequence, he stopped gambling.
Myron quit gambling after he lost over a thousand dollars betting on horse races. this best illustrates the effects of Negative reinforcement.
The promotion of particular behaviours by reducing or avoiding a negative outcome or stimuli is known as negative reinforcement. This method is often used to teach children positive behavioural patterns, but it can also be used to train animals and household pets.
When everything unpleasant or difficult is taken away to make the desired behaviour more likely, this is known as negative reinforcement.
Negative reinforcement comes in two flavours: avoidance learning and escape learning.
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Kalifornia Koffee markets its coffee as coming from organic plantations that reflect sustainable agriculture practices. This is an example of which branding strategy?
brand flexibility
setting a product or service apart
connecting on an emotional level
establishing customer loyalty
I think it is connecting on an emotional level
Kyoko is managing a team of people who are working on a critical project. she wants to use positive reinforcement, but the days are so busy that she never seems to find the time. what should kyoko do to best overcome this obstacle to the use of positive reinforcement?
Take a few minuties each day to offer positive feedback. The idea is that it doesn't take much to have a big impact.
José, an employee of a company that has worked hard to have a customer mind-set, understands that _____.
José, an employee of a company that has worked hard to have a customer mind-set, understands that to have a customer mind-set, it's easiest to put yourself in their shoes.
When you think and understand the way a customer does, it is easier to sell to someone in that mind-set. The main ground in sales is making sure your customers can relate to you, if you are relatable you are more trustworthy in their eyes and will have a better chance of closing on the sale.
A sport fan who travels to the host city after the olympic games are over and wants to tour the olympic venues is what type of sport tourist
This is known as an event sport tourist, because the person is traveling with the intent of observing a specific event.
A sport fan who visits Olympic venues after the games are considered a sport tourist, interested in the historical and cultural aspects of these events. Hosting sports events with international athletes like those from the USA attracts global attention and boosts tourism and the economy.
Explanation:A sport fan who travels to the host city after the Olympic Games are over to tour the Olympic venues is engaging in what is known as sport tourism. This type of tourism involves visiting cities where major sporting events have occurred and includes not only attendance at sporting events but also visits to famed stadiums, arenas, and sports-related historical sites. These tourists are likely interested in the history and cultural significance of the sports events in addition to experiencing the venues themselves.
One reason why foreign governments are interested in hosting sports events featuring American athletes is that these events generally attract significant global attention, which in turn can drive tourism and economic activity. The Olympic Games, for example, are a major draw for tourists from around the world, and hosting such events can lead to increased publicity and economic benefits for the host city and country. Historic Olympic venues often become tourist attractions in their own right, drawing visitors who are interested in the legacy and heritage of the games.
Under the Electronic Fund Transfer Act, which two banking practices are part of the consumer's responsibility?
Knowing rights and responsibilities relating to money transfers. Notifying the bank of lost credit or debit cards.
Answer:
Consumer is responsible for correct receiver data, name, account nbr, financial institutional name. Also is responsible for paying some financial operation tax for this transaction and eventually agreeing with the institutional terms and conditions of the transaction.
Explanation:
Most managers in mexico find that the management style that works best there is ________.
ANSWER:
Most managers in mexico find that the management style that works best there is authoritative.
~batmans wife
There are two general types of franchises: product-distribution and __________ franchises.
There are two general types of franchises: product-distribution and business format franchises.
The danger for paternal grandparents is being ________ involved than they want. the danger for maternal grandparents is being ________ involved than they want.
paternal grandparents less, maternal grandparents more
Scenario 2: an investment tax credit effectively lowers the tax bill of any firm that purchases new capital in the relevant time period. suppose the government implements a new investment tax credit.
Interest rates rise and savings rates rise
Any company that invests in new capital within the applicable period will effectively have its tax burden reduced by an investment tax credit.
Why Investment is necessary?A successful strategy to invest your money and possibly increase your wealth is to open an investment account. Your money may see value growth that exceeds inflation if you make wise investment decisions. Compounding's effectiveness and the risk-return trade-off are the main causes of investing's higher growth potential.
Any company that invests in new capital within the applicable period will effectively have its tax burden reduced by an investment tax credit. This will motivate businesses to increase investment at all interest rates. The demand curve would be shifted to the right as the demand for loanable money rose.
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(45 POINTS PLEASE ANSWER!!!!!!)Alfred is an excellent video editor. His work is exceptional. He always has innovative thoughts and ideas about the work. However, his managers sometimes fail to understand his thoughts and ideas.
What could be the reason for this? Alfred’s ideas can’t be implemented because his managers sometimes fail to understand what he is trying to say. He may be either( A: Loud B: Soft spoken C: Scared ) too or ( A: Slow in his speech B: Unsure about his ideas C: Unclear in his speech )
it would have to be unclear in his speech because he has smart ideas he outstanding if he was to speak loud his manger would tell him his voice is loud or low.
Answer:
NUMbERS 1 and 2 are both C my teacher just told me
Explanation:
Jones, a farmer, found an odd-looking stone in his fields. he went to smith, the town jeweler, and asked him what he thought it was. smith said he did not know but thought it might be a ruby. jones asked smith what he would pay for it, and smith said $200, whereupon jones sold it to smith for $200. the stone turned out to be an uncut diamond worth $3,000. jones brought an action
Even though there was a miscommunication in the sale, Jones did not know that the stone was a diamond before selling it and Smith can easily say he did not know it was either. If Jones had taken the stone and received other opinions on it, he may have gotten more money but because he sold the stone, there is nothing he can take action on Smith for.
This scenario deals with the legal concept of asymmetric information and caveat emptor. In most cases, the buyer assumes the risk in a transaction. But, if the seller deliberately withholds information to the detriment of the buyer, it can be considered bad faith or fraud.
Explanation:The subject of your question pertains to asymmetric information and the legal implications of such a scenario in a transaction. Asymmetric information occurs when one party in a transaction has more or superior information compared to the other party, such as in your scenario with Jones and Smith.
The relevant legal principle here is 'caveat emptor', which means 'let the buyer beware'. According to the principle of caveat emptor, the buyer assumes the risk of quality and condition of the product. In this case, Smith might not be legally required to compensate Jones for the difference in value, because he did not misrepresent the stone, but said he thought it might be a ruby.
However, in an economic transaction where there is a huge disparity of information, legal judgement may vary. If Smith, as a jeweler, was assumed to possess superior knowledge about gemstones, and he deliberately withheld that information to benefit unfairly from the transaction, it may be considered as an act of bad faith or fraud.
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Every year the u.s. sugar industry, which is dominated by only a few firms, spends millions of dollars lobbying members of congress and contributing to their re-election campaigns. it does so for both democrats and republicans. one goal of these contributions is the preservation of the u.s. sugar quota, which limits the importation of less expensive sugar from other countries. ultimately, all of these activities are motivated by a desire among u.s. sugar producers to:
I assume there are choices here, but these companies want to limit cheap imports to ensure they are making high profit margins by maintaining a high price.
Answer:
rent seeking.
Explanation:
Rent seeking happens when one organization or a group of organizations makes a large economic rent at the expense of the general public through the manipulation of public policies. Rent seeking is usually tied to government corruption since these organizations need that the government imposes barriers or limitations to other competitors so that they can make larger profits, or they request unnecessary grants or subsidies.
In this case everyone loses except domestic sugar producers:
- Domestic sugar producers and their workers GAIN because they can sell their products at higher prices and therefore make higher profits.
- Consumers LOSE because they will pay a higher price for sugar and other products that use sugar as a key input, e.g. candy
- Industries that use sugar and their workers LOSE because they need to pay higher prices for a key input like sugar.
- The U.S. economy LOSE because it reduces jobs in other industries that use sugar as a key input, e.g. candy industry, bakeries, pharmaceuticals, beer brewers, etc. (a lot of industries use sugar in their manufacturing processes). When jobs are reduced, the whole economy suffers since consumption falls and social costs increase.
When opening a print shop you need to buy printers, computers, furniture, and similar items. economists call these expenditures
a. investment in human capital.
b. personal saving.
c. business consumption expenditures.
d. capital investment?
I think it's C! business consumption expenditures