The market leader for a low-involvement product must make special efforts to avoid stockout situations so that buyers don't substitute a competing brand.
High-involvement items demand that consumers learn more about them and give them significant thought. An example of a high-engagement product is home ownership.
Products with little user interaction are not as important to a person. toothpaste, detergent, etc. are a few examples.
The majority of people do not strictly choose low-participation products. A person can easily switch to another brand if the one they choose is not offered. A stock out in this instance would cause customers to choose a different brand, which would reduce revenues.
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what kinds of works are not protected by copyright?
Lexical items, small sentences, slogans, and content lists are not covered by copyright laws.
Copyright is the term used to describe the legal right of the owner of intellectual property. The simplest explanation of copyright is the ability to duplicate. The original authors of a work and anyone they authorise to do so are the only parties with the exclusive right to reproduce that work. Even though copyright law is not all-inclusive, further fines may be imposed under other laws, such as those governing patents and trademarks. After knowing what copyright is, it is essential to comprehend how it works. Intellectual property is what you create when you put a lot of thought into creating an original product.
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Fill The Blank! criteria or standards used in evaluating proposed solution to the problem are known as ______.
Criteria or standards used in evaluating proposed solutions to the problem are known as Measures of Success
A measure of success is a standard by which an individual or organisation decides whether or not they have achieved their goals. Since there is not any single true indicator of success, successful people employ a variety of metrics to assess both their personal and professional achievements.
Making a comparison between a person's present self and their past self is one of the most effective ways to evaluate overall performance. Comparing who a person was yesterday to who they are today may be considered an equally contemporary contrast. A daily check-in with self will help to determine the progress and the adjustments one is required to make in order to keep moving forward.
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people who decide how to combine resources to create new goods and services are called ______.
People who decide how to combine resources to create new goods and services are called entrepreneurs.
Entrepreneurs are individuals who have an innovative idea or vision and are willing to take risks to turn that idea into a successful business venture. They are responsible for the overall planning and execution of their businesses, including identifying and securing funding, developing products or services, establishing customer relationships, and managing their organizations.
Entrepreneurship is an important driver of economic growth and development, as new businesses create jobs, stimulate innovation, and contribute to the overall well-being of society.
Successful entrepreneurs possess a unique set of skills, including creativity, resourcefulness, resilience, and a willingness to take calculated risks. They must also be able to adapt to changing market conditions and navigate the complexities of regulatory environments.
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which basic supply chain flow is usually the most important?
The most important flow in the supply chain is the flow of information. Without a clear and consistent flow of information between different parts of the supply chain, the chain cannot function smoothly.
Supply chain flow refers/relates to the movement of goods, materials, and information from suppliers to customers. Information flow is a key component of the supply chain as it provides the visibility and transparency needed to make informed decisions and maintain efficient operations.
Inaccurate or incomplete information can cause supply chain delays, disruption and additional costs. A clear and consistent flow of information enables companies to respond quickly to changing market demands and address issues that arise in their supply chains.
Effective communication and collaboration between all parties involved in the supply chain helps improve efficiency, reduce costs and improve customer satisfaction.
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Complete question:
What is the most important supply chain flow? Without it, supply chains cannot flow seamlessly. Which one is it?
which auditing standards apply to private companies?
The AICPA standards, which is the right answer. Explanation: Standards for auditing private companies are provided by the American Institute of Certified Public Accountants (AICPA).
A private limited company must comply with a number of requirements after being registered under the Companies Act of 2013 (the "Act"). No of the size or nature of the business, conducting an audit is one such obligation that must be met. A corporate audit is an examination of its financial records to determine whether they are accurate. The audit must be carried out by an auditor that the company appoints. The goal of an audit of a company's financial statements is to give the auditor a chance to voice their conclusions.
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True or False: the corporate valuation model cannot be used unless a company pays dividends.
The statement "The corporate valuation model can be used to determine a company's value even if it does not pay dividends." is False because the corporate valuation model is based on the idea of a company paying out dividends to shareholders.
The model takes into account a variety of factors such as the company's operations, revenue, growth potential, and management. It will also consider the company's assets, liabilities, and cash flow. By taking into account all of these factors, the model can provide an estimate of what the company is worth.
The model can also be used to determine the fair market value of a company's shares. This can be helpful for investors looking to buy or sell a company's stock. By using the model, investors can get a better understanding of the company's financials and the valuation of its stock. Additionally, the model can help investors identify potential opportunities for investment and assess the risk associated with a particular stock.
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Which of the following best describes the term cycle time?
A) Average time between completions of successive units
B) Ratio of the time a resource is activated over its use
C) Can be no more than 60 minutes
D) The same as utilization
E) The labor content of the item being measured
Average time between completions of successive units best describes the term cycle time. Takt time is the average amount of time that elapses between the start of manufacturing two subsequent product units.
Internally, the phrase "inventory cycle time" is used to describe how long it takes to transform raw materials into finished goods. Cycle Time is calculated as Net Production Time / Total Units Produced. The wavelength is the separation between two consecutive identical wave cycle points (for instance, two successive peaks or troughs in the wave). It concentrates on all tasks Average in charging and collecting money for services.
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Whole Foods focuses on a small market segment, affluent consumers who want to buy high-end, organic groceries. What is the appropriate name for Whole Foods’s scope of competition?
A) focused
B) specific
C) general
D) broad
The appropriate name for Whole Foods' scope of competition is focused.
So the correct answer is A) Focused
A focused strategy, also known as a niche strategy, involves targeting a narrow and specific market segment with unique needs and preferences. In the case of Whole Foods, the company focuses on affluent consumers who are willing to pay a premium for high-end, organic groceries. By serving this niche market segment, Whole Foods can differentiate itself from competitors and create a competitive advantage.
In contrast, a general or broad strategy involves targeting a wide range of market segments with a broad range of products or services. A specific strategy may refer to a strategy that targets a specific sub-segment within a broader market, but it is not as narrow as a focused or niche strategy.
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Which situation accurately describes a reduced paid-up nonforfeiture option?
Policy has a decreased face amount
Face amount of the new policy equals that of the original policy
Cash value is surrendered to policyowner
Premiums must continue to be paid
Cash value is surrendered to policyowner accurately describes a reduced paid-up nonforfeiture option.
What is nonforfeiture option.?Nonforfeiture Reduced Paid-Up Benefit is a life insurance policy nonforfeiture benefit option that allows the policyholder to use the cash surrender value to buy a fully paid-up life permanent insurance policy for a lower level of coverage.
An insurance policy provision known as a "nonforfeiture clause" states that an insured party may be entitled to full or partial benefits or a partial reimbursement of premiums following a lapse brought on by nonpayment.
Nonforfeiture clauses could be present in standard life and long-term care insurance policies. A decreased payout based on premiums paid before the policy expires, the cash surrender value of the policy, or a part of the total premiums paid may be included in the clause.
The policyholder chooses how they would like to access the cash value of conventional whole-life insurance. The cash surrender value, extended term insurance, and loan value are the four nonforfeiture reward alternatives available to life insurance customers.
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Answer:policy has decreased face amount
Explanation:
Why is perfect competition so rare in the real world - if it even exists at all?
The perfect competition is so rare in the real world because of barriers to entry , Product differentiation , Imperfect information and Network effects .
The Perfect Competition serves as a benchmark for economic analysis, it is rare in the real world because of several reasons :
(i) Barriers to entry : In many industries, there are significant barriers to entry, such as high fixed costs, regulatory requirements, or proprietary technology. These barriers can prevent new firms from entering the market .
(ii) Product differentiation : The differentiation can limit price competition and allow firms to earn higher profits, leading to a situation that is inconsistent with perfect competition .
(iii) Imperfect information : In reality, consumers and firms often do not have perfect information about market conditions, prices, and product quality.
(iv) Network effects : In some industries, such as social media or telecommunications, the value of a product or service depends on the size of its user base. This can create a situation where a few dominant firms control the market, making it difficult for new entrants to compete.
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when an agent temporarily pursues business that is indirectly related to her or his boss’s business, it:
When an agent temporarily pursues business that is indirectly related to their boss's business, it can be considered a conflict of interest.
This is because the agent's actions could potentially benefit their personal interests at the expense of their boss's business. Even if the business pursued by the agent is not directly competing with their boss's business, it could still be perceived as a breach of loyalty or trust.
For example, if an employee of a marketing firm uses the company's resources to launch a side business selling a product that is not in direct competition with the marketing firm's clients, this could still be considered a conflict of interest. The employee could be using company time and customer resources to pursue personal gain, which could harm the interests of the marketing firm and its clients.
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which two reasons are given as to why europeans decided to establish a single currency? multiple select question. businesses would achieve significant savings from having to handle just one currency. a single currency makes it easier to compare prices across europe. a single currency would decrease the buying power of consumers. the idea of an independent national control over currency would be eliminated.
A single currency makes it easier to compare prices across europe and businesses would achieve significant savings from having to handle just one currency .
Option A and B are correct.
What advantages does having a single currency offer?The single currency encourages competition because it increases price transparency and makes it easier to compare prices, especially in the age of new technologies. Price reduction and increased innovation are two outcomes of increased competition, which in turn results in consumers receiving newer and superior goods and services.
Is there a common currency in all of Europe?Even though all EU nations are members of the Economic and Monetary Union (EMU), 20 of them have adopted the euro as their common currency. The euro area, also known as the eurozone, is made up of these EU nations.
Question incomplete:which two reasons are given as to why europeans decided to establish a single currency? multiple select question.
A. businesses would achieve significant savings from having to handle just one currency.
B.a single currency makes it easier to compare prices across europe.
C. a single currency would decrease the buying power of consumers.
D.the idea of an independent national control over currency would be eliminated.
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nfpa 1127, who is permitted to produce for sale a solid propellant high power rocket motor?
NFPA 1127 is the Standard for High Power Rocketry, which outlines the safety requirements for the manufacture, storage, transportation, and launch of high-power rockets.
According to this standard, only individuals or companies who have been certified by the National Association of Rocketry (NAR) or the Tripoli Rocketry Association (TRA) are permitted to produce for sale a solid propellant high-power rocket motor.
To become certified, an individual or company must demonstrate a thorough understanding of high-power rocketry, as well as the ability to manufacture solid propellant rocket motors that meet the safety requirements outlined in NFPA 1127. Certification is typically obtained through training and testing provided by the NAR or TRA and may involve on-site inspections of the manufacturing facility.
Once certified, individuals or companies may produce and sell solid propellant high-power rocket motors to other certified individuals or companies for use in high-power rockets. It is important to note that the manufacture, storage, transportation, and launch of high-power rockets must always be conducted in accordance with the safety requirements outlined in NFPA 1127 to ensure the safety of both people and property.
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Of the following, which are institutions that would foster economic growth?
1. Efficient taxes
2. Stable monetary system
3. Private property rights
4. Open markets
5. Political stability
The institutions that would foster economic growth is the stable monetary system. The Option 2 is correct.
What is the impact of stable monetary system in an economy?A stable financial system is capable of efficiently allocating resources, assessing and managing financial risks, maintaining employment levels close to the economy’s natural rate, and eliminating relative price movements of real or financial assets that will affect monetary stability or employment levels.
A financial system is in a range of stability when it dissipates financial imbalances that arise endogenously or as a result of significant adverse and unforeseen events. In stability, the system will absorb the shocks primarily via self-corrective mechanisms, preventing adverse events from having a disruptive effect on the real economy or on other financial systems.
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from 1925 to 1940, the transition of american policy on arms sales to warring nations followed this sequence a. embargo to lend-lease to cash-and-carry. b. cash-and-carry to lend-lease to embargo. c. lend-lease to cash-and-carry to embargo. d. embargo to cash-and-carry to lend-lease. e. lend-lease to embargo to cash-and-carry.
The correct sequence of the transition of American policy on arms sales to warring nations from 1925 to 1940 is:
d. embargo to cash-and-carry to lend-lease.
What is Arms Sales?Arms sales refer to the trade or exchange of military weapons, equipment, and technologies between countries or entities.
In 1935, the U.S. Congress passed the Neutrality Act, which established an embargo on arms sales to warring nations. In 1939, the U.S. changed its policy to allow the sale of arms to warring nations through the cash-and-carry policy, which required that countries paid for the goods in cash and transported them on their own ships.
Finally, in 1941, the Lend-Lease Act was passed, allowing the U.S. to lend or lease military equipment to any country that was vital to U.S. interests, without requiring immediate payment.
The answer is therefore: d. embargo to cash-and-carry to lend-lease.
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________ is maximized in a competitive market when marginal benefit equals marginal cost. A. Deadweight loss B. Marginal profit C. Economic surplus D. Selling price
Economic surplus is maximized in a competitive market when marginal benefit equals marginal cost.
What is Economic surplus?
The gains from a financial transaction are referred to as the economic surplus. Gains may benefit either a consumer or a producer. As a result, it is an accumulation of both consumer surplus and producer surplus. In a business deal, producers frequently make a big profit. But the consumer ultimately pays more as a result of this. Contrarily, there are instances where customers score a great deal and wind up saving sizable cash. But once more, in such deals, the manufacturers report lower earnings. Yet, there is often a balance in real-world situations, with neither the manufacturer nor the customer having a significant advantage. Instead, both parties profit significantly from the deal.
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the natural rate of unemployment can be defined as the
The organic rate of unemployment is the lowest rate of unemployment caused by natural or voluntary market pressures.
It reflects the amount of people who are unemployed due to changes in the labor force structure, such as those who have been supplanted by machines or those that lack the necessary skills. The typical unemployment rate is indeed the rate of unemployment that occurs when the economy's output is at its long-run average. It is the ordinary unemployment rate that the economy revolves around. The natural unemployment rate is primarily determined by the productive capacity of the economy and its institutions. The ordinary unemployment rate is indeed a concept developed by economic experts Milton Friedman & Edmund Phelps inside the late 1960s that has had a significant impact on how the field of economics views the economy.
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A company is involved in foreign direct investment when it ______.
A company is involved in foreign direct investment when it plans to enter in new market or they may invest in an Indian company that is publicly traded by purchasing at least 10% of the post-issue paid-up equity capital on a fully diluted basis.
Mergers, acquisitions, or joint ventures in the retail, service, logistics, or manufacturing sectors may be part of foreign direct investments. They point to a global business expansion company strategy. As investors establish new businesses abroad, FDI expands employment opportunities. Locals may earn more money and have more purchasing power as a result.
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committing significant resources to top concepts happens at what phase of the creative process?
The Creative process is the development of an idea into its final form through the progression of study and action. This is the trial or incubation phase.
The Creative process involves critical thinking and problem- working chops. From songsmiths to TV directors, generators generally go through five stages in bringing their ideas to life medication, incubation, lighting, evaluation, and review.
Incubation Phase: While it may feel counter-intuitive at first, the alternate step in the creative process is to detach from all the brainstorming you've just been doing.
When you take a break from your ideas and do commodity differently, your subconscious continues to fester all of the set information into your new idea.
The incubation phase involves the review and development of the design, which allows for creativity and brainstorming in the numerous directions the design should take.
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Perfect competition is characterized by all of the following except: A) a large number of buyers and sellers. B) firms can set their own prices. C) no restrictions on entry into or exit from the industry. D) buyers and sellers are well informed about prices. E) firms produce an identical product.
Perfect competition is characterized by all of the following except firms can set their own prices.
Perfect competition is a theoretical market structure in which a large number of buyers and sellers interact, with each individual firm being a small player in the market. In a perfectly competitive market, firms produce an identical or homogeneous product and have no control over the market price. This is because they are price takers, meaning they must accept the prevailing market price. In addition, there are no barriers to entry or exit from the market, and buyers and sellers have perfect information about prices and products. The absence of market power and information asymmetry in perfect competition leads to economic efficiency and allocative efficiency, meaning resources are allocated to their most valuable use. However, perfect producers competition is a rare phenomenon in the real world, and most markets exhibit some degree of market power or information asymmetry.
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If we knew the old and new values of the quantities of the optimal bundles, which elasticities could we calculate? Choose all that are correct: A.Income elasticity of demand for pens B.Cross price elasticity of demand for pens (in response to a price change of books) C.Price elasticity of demand for books D.Income elasticity of demand for books E.Price elasticity of demand for pens F.Cross price elasticity of demand for books (in response to a price change of pens)
If we knew the old and new values of the quantities of the optimal bundles, we could calculate the following elasticities: A. Income elasticity of demand for pens
D. Income elasticity of demand for books
E. Price elasticity of demand for pens
To calculate the income elasticity of demand for pens and books, we need to know the change in quantity demanded of each good in response to a change in income, which we can derive from the old and new optimal bundles. The income elasticity of demand measures the responsiveness of quantity demanded to a change in income.
To calculate the price elasticity of demand for pens, we need to know the change in quantity demanded of pens in response to a change in their price, which we can derive from the old and new optimal bundles. The price elasticity of demand measures the responsiveness of quantity demanded to a change in price.
We cannot calculate the cross-price elasticity of demand for pens or books using only information about changes in the optimal bundles, as this requires information about changes in the prices of other goods. Therefore, options B and F are not correct. Similarly, we cannot calculate the price elasticity of demand for books, as this requires information about changes in the price of books, which we do not have. Therefore, option C is not correct.
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what is the relationship between wants and resources
The relationship between wants and resources is fundamental to economics, and it underlies the choices that individuals and societies make to allocate resources to satisfy their needs and desires.
The relationship between wants and resources is central to the study of economics. Wants are the desires or needs that individuals, households, and societies have for goods and services, while resources refer to the means available to produce goods and services, including natural resources, labor, capital, and entrepreneurship.
In an ideal situation, wants and resources would be perfectly matched, and individuals and societies would be able to satisfy their needs and desires fully. However, in the real world, resources are often scarce, which means that individuals and societies have to make choices about how to allocate resources to satisfy their most pressing wants.
Economics seeks to understand how individuals and societies make these choices by studying the relationship between wants and resources. This relationship is reflected in the concept of opportunity cost, which refers to the value of the next best alternative that must be foregone to obtain a particular good or service. In other words, when resources are scarce, satisfying one want typically means giving up the opportunity to satisfy another want, and the cost of doing so is the foregone alternative.
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dorothy parsons recently celebrated her 65th birthday. she has just enrolled in medicare part a and part b, and wants to purchase additional insurance to cover the expenses medicare will not pay. what type of plan does dorothy want?
Dorothy wants a Medicare Part E insurance plan. Prescription medicines are not covered under Medigap Plan E. Only specific out-of-pocket expenses associated with Medicare. Answer is option (A).
What is Medicare Part E policy?Those 65 and older who are Medicare-eligible, have paid into the federal employee retirement program in place of Social Security, are U.S. citizens or have been lawful permanent residents of the country for at least 5 years.
Those who have received Social Security disability benefits for the past two years. Employees with end-stage renal disease (ESRD) or amyotrophic lateral sclerosis, their spouses, or children. If they are at least 65 years old, dependents & widows or widowers of retired people are covered.
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Options for the given question is,
A). Medicare Part E policy
B). Medicaid savings account
C). Physician's Expense policy
D). Medigap policy
Which of these is a method of determining the level of funds required for ongoing support in the event of the breadwinner's death?
A. Financial loss value
B. Human life value
C. Assessment value
D. Replacement value
The method of determining the level of funds required for ongoing support in the event of the breadwinner's death is known as "Human life value".
Human life value is a financial concept that calculates the amount of money a person would need to provide for their family's ongoing living expenses if they were to die. This calculation takes into account the person's current and future earnings potential, as well as other factors such as inflation, life expectancy, and investment returns. The human life value approach is often used in life insurance planning to help determine the appropriate amount of coverage needed to protect a family's financial well-being in the event of the breadwinner's death.
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what name the fermented product that was highly prized with a well-kept secret recipe ?
Kefir is a fermented milk product that contains live probiotic organisms and is rich in the nutrients your body needs protein, minerals, vitamins.
Kefir dates back centuries to the Caucasian shepherds. They found that fresh milk in a leather bag sometimes fermented into a soda.
In the Caucasus, legend has it that kefir grains (not real grains) were gifts to the Orthodox people of Muhammad, who taught them how to use grains. Muhammad strictly forbade revealing the secrets of making kefir to others or giving kefir grains to others, as this would result in the loss of their "magical powers". For most of recorded history, kefir was largely unknown outside the Caucasus, but Marco Polo mentioned kefir when reviewing his travels.
This self-carbonated milk drink is popular in Russia, Southwest Asia, Eastern and Northern Europe, and more recently in the United States.
Basically, kefir is made by fermenting "kefir" grains, which resemble miniature he cauliflower the size of wheat grains. These grains consist of gelatinous colonies of microorganisms that have grown symbiotically together with casein.
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what are some drawbacks you can think of if you were to choose an income-driven plan when you could be making higher payments?
Interest accrual, Longer repayment term, Higher overall cost and Tax implications are some drawbacks.
Interest accrual: One potential drawback of income-driven repayment plans is that interest will continue to accrue on your loan balance, even if your monthly payments are lower.
Longer repayment term: Income-driven repayment plans typically extend the repayment term of your loans, which means you'll be making payments for a longer period of time.
Higher overall cost: Because you'll be paying your loans off over a longer period of time, you may end up paying more in costing interest overall, even if your monthly payments are lower.
Tax implications: If you participate in an income-driven repayment plan and have any remaining loan balance forgiven at the end of the repayment term, you may be responsible for paying taxes on the forgiven amount.
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when large organizations face multiple environments and interact with each environment at different organizational levels is called?
OrganizationalOrganizational levels are referred to as decoupled when large companies deal with many environments and interact with each environment differently.
When sales increase, organisations often adopt a functional structure. This organisation splits the workforce into functional sectors based on their areas of expertise. Operations, R&D, and marketing & sales are only a few functional domains that frequently link to value chain processes. Additionally, they include auxiliary disciplines like finance, accounting, and human resources. The organisational structure shown in the diagram below illustrates the relationships between individuals in positions of authority and those who report to them. The CEO oversees and combines the activity of all the functional areas after receiving reports from the department heads of each functional area.
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Question 21 master help!
The way that return on investment is best defined is A. What an investment earns.
What is return on investment ?Return on Investment (ROI) is a financial metric used to measure the profitability of an investment. The way that ROI is best defined as the amount of profit generated by an investment as a percentage of the investment's initial cost.
In other words, ROI is calculated by dividing the net profit (the difference between the investment's revenue and costs) by the initial cost of the investment, and expressing the result as a percentage.
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Answer: What an investment earns.
Explanation:
what is nike data analytics
Nike data analytics are those by which Nike is able to make more informed decisions and improve its performance across a variety of areas.
Nike, the multinational corporation that designs, develops, and sells athletic footwear, apparel, and equipment, uses data analytics to gain insights into its customers, products, and operations. The company uses a variety of data sources, including sales data, customer data, and market data, to inform its decision-making and improve its performance.
Some of the ways that Nike uses data analytics include,
Customer Analytics, Nike collects and analyzes data on customer preferences, behavior, and purchase history. This data is used to inform product development, marketing campaigns, and customer engagement strategies.
Supply Chain Analytics, Nike uses data analytics to optimize its supply chain and improve efficiency. This includes tracking inventory levels, production output, and logistics performance to ensure timely delivery of products to customers.
Sales Analytics, Nike uses sales data to identify trends, track performance, and forecast demand. This helps the company to make informed decisions about product pricing, inventory management, and sales strategies.
Product Analytics, Nike analyzes data on product design, materials, and performance to improve product quality and customer satisfaction. This includes using data from wear tests and customer feedback to inform product development.
This enables the company to remain competitive in a rapidly changing market and better serve the needs of its customers.
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According to WeAreSocial, what online activity has increased by47% because of the pandemic? A. Spending more time on mobile apps B. Spending longer using social media C. Creating and uploading videosD. Listening to more podcasts
The answer is A. Spending more time on mobile apps.
What impact did social media have during pandemic?
The COVID-19 pandemic has shown how the transmission of false information, accelerated by social media and other digital platforms, is posing an even greater threat to public health throughout the world than the virus itself. Social media and technological breakthroughs offer potential to keep people connected, informed, and protected. The same tools, however, also facilitate and magnify the present infodemic, which continues to imperil efforts to manage the pandemic and undermine the international response.
Young people are a crucial group in the context of this pandemic and participate in the societal obligation to assist us stop transmission even if they are less likely to experience severe illness from COVID-19. Also, they engage with five different digital platforms on average each day, making them the most engaged online.
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