Option a When the demand for a product is inelastic and the price is reduced, total revenue will fall.
Price inelasticity is very beneficial for businesses and it is important to understand how pricing strategies should be formulated.
Price inelasticity gives firms more flexibility in pricing because changes in demand are essentially unchanged when prices rise or fall. Consumer buying habits can be expected to change little as prices rise or fall.
For goods and services that are price inelastic, changes in quantity demanded are minimal compared to changes in price.
This can affect a company's demand and overall sales in two ways.
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What is the concept behind separation of duties in establishing internal control?
a. Employee fraud is less likely to occur when access to assets and access to accounting records are separated
b. The company's financial accountant should not share information with the company's tax accountant
c. Duties of middle-level managers of the company should be clearly separated from those of top executives
d. The external auditors of the company should have no contact with managers while the audit is taking place
The concept behind separation of duties in establishing internal control is that no one individual should have complete control over a critical business process from start to finish.
Instead, the process should be divided into separate tasks or functions, with different individuals responsible for each task.
This helps to prevent errors, fraud, or other abuses of power that may occur if one person has too much control over a process.
The correct answer is a. Employee fraud is less likely to occur when access to assets and access to accounting records are separated.
By separating duties, it creates a system of checks and balances where multiple individuals are involved in a process, and each one serves as a check on the others. This makes it much more difficult for any one person to engage in fraudulent behavior, such as stealing assets or manipulating financial records.
For example, in a retail business, the cashier who handles cash should not be the same person who reconciles the cash drawer or has access to the accounting records. By separating these duties, it creates a system where multiple employees are involved in the process, reducing the risk of fraud or errors.
Other examples of separation of duties include having different individuals responsible for approving and processing transactions, or having different individuals responsible for handling physical assets and maintaining records of those assets.
Overall, the concept of separation of duties is a key element of internal control, and helps to ensure that business processes are carried out accurately and fairly, while minimizing the risk of fraud or other abuses of power.
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what are three reasons why a government would privatize a business? multiple select question. to ensure that a business runs more efficiently to reduce the size of government to punish corporate conglomerates to raise money to ensure equal access to public goods
The three reasons why a government would privatize a business are:
To ensure that a business runs more efficiently
To reduce the size of government
To raise money
A business is said to be privatized when ownership and control are transferred from the public to the private sector, usually by selling the company to a private company or individual.
There are several reasons a government might decide to privatize a company. Among the most popular explanations are:
To increase efficiency: Due to their greater decision-making latitude and frequent exposure to market competition, private businesses are frequently regarded as being more efficient and innovative than state-run ones. By introducing market-based incentives and reducing bureaucracy, privatization can help increase productivity and efficiency.
Governments may choose to privatize businesses in order to decrease their direct involvement in the economy and to decrease the size of their bureaucracy.
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which brand has the largest equity? a. sears b. apple c. general motors d. coke
According to the latest rankings of global brand equity, Coke has the largest equity among the four brands listed. Here option D is the correct answer.
Brand equity refers to the value that a brand adds to a company's products or services beyond its functional attributes, such as its reputation, recognition, and emotional appeal. It is a measure of how well the brand is perceived by consumers and how much they are willing to pay for it.
Coca-Cola has consistently ranked high on the list of top global brands, reflecting its enduring popularity and brand recognition worldwide. The company has built a strong reputation for quality, consistency, and innovation, and its brand is associated with positive emotional experiences such as happiness, refreshment, and social connections.
In addition to its iconic logo and packaging, Coke has also invested heavily in marketing campaigns and sponsorships that reinforce its brand identity and values.
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When was Sarbanes-Oxley Act passed?
In 2002 Sarbanes-Oxley Act was passed.
The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act of 2002, is a federal law in the United States that was enacted in response to a series of high-profile corporate accounting scandals, such as the Enron scandal. The purpose of the law is to improve corporate governance and financial reporting, and to protect investors from fraudulent and deceptive accounting practices.
The Sarbanes-Oxley Act requires publicly traded companies to implement a variety of measures to ensure the accuracy and transparency of their financial reporting. These measures include requirements for enhanced financial disclosures, internal controls, and independent audits. The Act also created a new oversight board, the Public Company Accounting Oversight Board, to regulate the accounting industry and to oversee the auditing of public companies.
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Answer:
2002
Explanation:
act changed the rules for how managers and auditors control and report company finances.
in 2001 company Enron was internally fabricating financial records and falsifying the success of its company.
Arthur Andersen was the auditor telling investors that the company was successful even though it wasn't .
sarbanes oxley act came from this
Arthur Anderson got punished & was re named Accenture
enron went out of business
suppose that the world price of copper is $4 a pound, poland does not trade internationally, and the equilibrium price of copper in poland is $3 a pound. poland then begins to trade internationally. the price of copper in poland ______. the quantity of copper produced in poland ______.
A rises; decreases B. falls; decreases c. falls; increases D. rises, increases
The quantity of copper produced in Poland increases since they are used to producing at a lower price point.
The quantity of copper produced in Poland decreases, export
What Is An Export?One of the main benefits from opening a country to international trade is the ability to Import and Export goods and services. An Export is a product that is produced in the country's local economy but is sold to customers in other countries.
The price of copper in Poland rises since its current price is below the global price.
The quantity of copper produced in Poland increases since they are used to producing at a lower price point.
The correct option is (D)
The quantity of copper bought by Poland decreases since their internal economy produces it for a cheaper price than externally.
Poland exports copper since its producers sell copper for cheaper in Poland.
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7.analyze how the fraud triangle would be adjusted for predator fraudsters
The fraud triangle is a model that describes the three elements that are typically present in cases of occupational fraud: opportunity, rationalization, and pressure.
However, in cases of predator fraudsters, who are individuals who deliberately target and exploit vulnerable victims for financial gain, the fraud triangle may need to be adjusted.
Opportunity: In predator fraud cases, the predator deliberately creates or seeks out opportunities to exploit vulnerable victims, rather than simply taking advantage of existing marketing opportunities within their workplace. This may involve targeting individuals who are elderly, disabled, or otherwise susceptible to manipulation.
Rationalization: Predator fraudsters may not need to engage in significant rationalization, as their primary motivation is often financial gain at the expense of their victims. However, they may attempt to justify their actions to themselves or others by portraying themselves as providing a valuable service, or by blaming their victims for their own financial problems.
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When a prospective buyer makes a written purchase offer that the seller accepts, then the
a. buyer receives legal title to the property.
b. buyer may take possession of the real estate.
c. seller grants the buyer ownership rights.
d. buyer receives equitable title to the property.
When a prospective buyer makes a written purchase offer that the seller accepts, then (d) the buyer receives equitable title to the property.
When a prospective buyer makes a written purchase offer that the seller accepts, the buyer does not automatically receive legal title to the property, nor does the seller grant ownership rights to the buyer.
Typically, a written purchase offer that is accepted by the seller leads to the creation of a legally binding contract between the two parties. However, the transfer of legal title and ownership rights occurs at a later stage, typically at the closing of the sale.
At the point of the purchase offer's acceptance, the buyer usually receives what is called equitable title to the property. The equitable title means that the buyer has a legal interest in the property and the right to possess it, use it, and enjoy it, subject to any restrictions and limitations in the purchase contract. However, legal title and ownership rights remain with the seller until the closing of the sale, when the transfer of ownership is completed.
Therefore, the correct answer to the question is (d) the buyer receives equitable title to the property.
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which of the following is a marketing technique that links distinct sensory experiences such as a unique fragrance with a product or service? answer unselected sensory marketing unselected status symbol unselected reference group unselected sensory branding unselected i don't know yet
The marketing technique that links distinct sensory experiences such as a unique fragrance with a product or service is called "sensory branding."
What is sensory branding, and how is it different from traditional branding?Sensory branding is a marketing technique that uses distinct sensory experiences, such as unique fragrances, sounds, textures, and visuals, to create emotional connections with consumers and enhance their overall brand experience. The goal of sensory branding is to engage customers on a deeper level than traditional branding methods, such as advertising and product design, by appealing to their senses and creating memorable associations with the brand. Sensory branding can be especially effective in creating brand loyalty and increasing customer retention. It is different from traditional branding because it focuses on creating a multi-sensory experience rather than relying solely on visual and verbal cues.
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Will a term life insurance policy pay a beneficiary a certain sum of money?
If you have term life insurance, your spouse and kids will inherit a predetermined sum in the case of your passing.
Does a full life insurance policy's cash value go to the beneficiary?Whole life insurance death benefits are given to beneficiaries after the insured passes away, but the insurance company may keep any extra cash worth.
How is a term life insurance policy paid out?You pledge to make a premium payment each month throughout that time. In exchange, the business guarantees that if you pass away within the term, it will pay a set sum of money (a death benefit). The beneficiaries listed in your insurance policy—typically one or more family members—receive the death benefit.
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which task is associated with the organizing function of management?
Task is associated with the organizing function of management is preparing an organizational chart, locating resources, assigning tasks, and establishing procedures for accomplishing goals.
Option C and E are correct.
Organizing function :The management function of organizing involves allocating human resources and creating an organizational structure to ensure the achievement of goals. In order to achieve goals, the organizing function of management entails bringing together the physical, financial, and human resources of the company. Part of leading is managing and communicating ideas and instructions to employees and inspiring them to work efficiently.
What are management's four organizing functions?Planning, organizing, leading, and controlling are the four aspects of management. You need to be able to do all four while also managing your team and work environment.
Incomplete question :
which task is associated with the organizing function of management?
A.problem solving
B.strategic planning
C.allocating resources, assigning tasks, and establishing procedures for accomplishing goals
D. -staffing the organization
E. preparing an organizational chart
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one can find the change in wealth from an investment by subtracting the present value of its required investment from the present value of its future cash flows.truefalse
True, By deducting the present value of the required investment from the present value of the future cash flows, one can determine the change in wealth from an investment.
To calculate the wealth shift brought on by an investment, one must compute its net present value (NPV). To calculate the NPV, the present value of the required investment is first subtracted from the present value of the projected future cash flows. Given a predetermined rate of return, present value (PV) is the current value of a future sum of money or stream of cash flows. Investment is expected to generate wealth if the NPV is positive. The present value is calculated by adding a borrowing fee or the interest that could be earned through investment to the future value.
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For each of the following events, Indicate whether the freight terms are FOB destination or FOB shipping point a. Sold merchandise and the buyer paid the freight costs.b. Purchased merchandise and the seller paid the freight costs. c. Sold merchandise and paid the freight costs. d. Purchased merchandise and paid the freight costs
FOB shipping point keeps the seller responsible for the goods up until the point at which the goods start their journey to the client.
whereas FOB destination holds the seller responsible for the goods up to the point at which they arrive at the customer. Worldwide Chamber of Commerce, "Incoterms 2020." Chamber of Commerce International. "Free on board" is referred to as FOB in the shipping industry. Whenever a shipment of goods departs the seller's warehouse when it is marked FOB (the seller's location), the seller reports the sale as complete. The merchandise is owned by the buyer while it is being delivered to its warehouse, and any delivery fees must be paid.
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Define the word diversification and explain what it means for investors.
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk.
What is the meaning of Diversification?Diversification in finance refers to the process of allocating capital in such a way that limits exposure to any one specific asset or risk. Investing in a variety of assets can help lower risk or volatility, which is a frequent step toward diversification.
A risk management strategy known as diversification distributes investments among various financial instruments, industries, and other categories to reduce risk. By investing in several sectors that would produce larger and longer-term profits, this method aims to optimize returns.
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exercise 5-2a (algo) allocating product cost between cost of goods sold and ending inventory lo 5-1jones company started the year with no inventory. during the year, it purchased two identical inventory items at different times. the first purchase cost $1,220 and the other, $1,530. jones sold one of the items during the year.requiredbased on this information, how much product cost would be allocated to cost of goods sold and ending inventory on the year-end financial statements, assuming use offifo?lifo?weighted average?
Assuming weighted average, the product cost of $1,375 would be included in cost of goods sold and ending inventory on the year-end financial statements.
LIFO and FIFO: What do they mean?Regarding the amount of money a firm must have stashed away in inventory of finished items, raw materials, parts, components, or feedstocks, two accounting approaches known as FIFO and LIFO are employed to handle inventory and financial concerns.
The term "first in, first out" (FIFO) refers to the presumption that the first things added to your inventory will also be the first ones sold. According to LIFO, which stands for "last in, first out," the things that were just added to your inventory are presumed to be the first to sell.
A weighted average is what in statistics?A weighted average or mean is one in which each item being averaged is multiplied by a number (weight) based on the item's relative importance, as opposed to taking each item into account equally. The weights or weightings signify the same quantity of related elements that contribute to the average and have the same value.
The following chart illustrates how the product cost is calculated for each inventory method:
A. FIFO
Cost of goods sold = $1,220
Ending inventory = $1,530
B. LIFO
Cost of goods sold = $1,530
Ending inventory = $1,220
C. Weighted average
Weighted average cost per unit = ($1,220 + $1,530) ÷ 2 = $1,375
Cost of goods sold = ($1,220 + $1,530) ÷ 2 = $1,375
Ending inventory = ($1,220 + $1,530) ÷ 2 = $1,375
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data obtained by manipulating factors under tightly controlled conditions to test cause and effect is an example of
Data obtained by manipulating factors under tightly controlled conditions to test cause and effect is an example of experimenting.
In marketing, experimenting is frequently used to determine the best way to grow a company's income and to both attract and keep current customers. A research technique known as "the act of doing such an investigation or test" is marketing experimentation. It is researching a segmented market to find new business prospects for businesses. Organizations will record consumer behaviour and use it to inform decisions by carefully managing the parameters of an experiment. In order to maximise profits through the addition of new customers, marketing experimentation is frequently used.
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joan bought the shares at this price, and her broker charged her 1% commission. what was the total cost of her investment?
A FOF may be organised as a mutual fund, investment trust, hedge fund, or private equity business.
How would you define the term "investment"?An investments is a purchase made in the anticipation of profit or capital growth. When we use the word "appreciation," we mean a rise inside of an asset's value over time.When someone investments in a thing, they do it with the thought that they will use it to make money at a later date as opposed to using it now.
What advantages could investing provide?Investing is a wise method to put your earnings to work and has the potential to increase your wealth. Your money may gain value & exceed inflation if you make wise investment decisions. Investing has a higher potential for growth because because
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What is the relationship between consumption and disposable income?
Disposable income and consumption are nearly affiliated. As disposable income is the available amount of money.
That's available to an individual or household after levies and other obligatory deductions have been taken out. while consumption refers to the amount of goods and services that are bought with that income.As disposable income increases, consumption also increases but at a diminishing rate. This relationship is known as the marginal propensity to consume.
In general, people tend to spend a advanced proportion of their disposable income when they lower inflows, and a lower proportion when they advanced inflows. This relationship is important for understanding the behaviour of consumer spending and for forecasting changes in aggregate demand in the economy.
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What other factors should Johnson and Gomez, Inc. consider before a final decision is made? (You may select more than one answer.)
a. Possibility of merger of the firm with a bigger player
b. Growth potential of the Basic and Enhanced models
c. Competitive products in the marketplace
d. Aesthetic differences between the two products
Before a final decision is made, Johnson and Gomez, Inc. should consider :
a. Possibility of merger of the firm with a bigger playerb. Growth potential of the Basic and Enhanced modelsc. Competitive products in the marketplaceWhat factors should be considered ?By assessing the potential for mergers or acquisitions, evaluating the growth potential of each product model, and analyzing the competitive landscape, Johnson and Gomez can make a more informed decision about which product to focus on and how to position it in the marketplace.
The aesthetic differences between the two products (option d) may also be a consideration, but are likely to be of lesser importance compared to the other factors listed.
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a person borrows $2,100 on a bank credit card at a nominal rate of 18% per year, which is actually charged at a rate of 1.5% per month. (a) what is the annual percentage yield (apy) for the card? (round your answer to one decimal place.) % (b) assume that the person does not place any additional charges on the card and pays the bank $150 each month to pay off the loan. let bn be the balance owed on the card after n months. find an explicit formula for bn. (c) how many months will be required to pay off the debt? (round your answer up to the nearest whole number.) months (d) what is the total amount of money the person will have paid for the loan?
a person borrows $2,100 on a bank credit card at a nominal rate of 18% per year, which is actually charged at a rate of 1.5% per month.
What is the annual percentage yield (apy) for the card?The following formula can be used to get the card's annual percentage yield (APY):
APY = (number of compounding periods - 1) (nominal rate/number of compounding periods)
The nominal rate in this situation is 18% annually, however it is really levied at a rate of 1.5% every month. There are 12 months in a year, so there are 12 periods for compounding.
APY = (1 + (0.18/12)) ^ 12 - 1 \sAPY = 19.56%
Hence, the card's APY is 19.56%.
Assume that the person does not place any additional charges on the card and pays the bank $150 each month to pay off the loan. let bn be the balance owed on the card after n months. find an explicit formula for bnFor a loan debt with monthly installments, we can apply the following formula:
Bn is equal to (1 + r)(n-1)*(b0 - p) + p.
where b0 is the starting amount ($2,100), n is the number of months, r is the monthly interest rate (1.5% in this case), and p is the monthly payment ($150).
bn = (1 + 0.015)^(n-1) * (2100 - 150) + 150
How many months will be required to pay off the debt?The number of months necessary to pay off the loan must be determined. When n is about 16.6 months, we can use a solver or a table to discover that bn turns into 0. It will take 17 months to pay off the loan, to the nearest month.
What is the total amount of money the person will have paid for the loan?We may multiply the monthly payment by the number of months to get the overall sum that the borrower would have paid for the loan:
$150 times 17 equals $2,550.
As a result, the borrower will have paid $2,550 in total for the loan.
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what pitfall can occur when a problem statement proposes a solution (even implicitly)?
One pitfall that can occur when a problem statement proposes a solution (even implicitly) is that it can limit the scope of potential solutions.
The problem statement can unintentionally restrict the possible solutions to simply those that fit within the proposed solution by offering a suggestion for how to solve the problem.
This can be troublesome since it might cut off options for more useful solutions.
Also, the offered remedy might not be the most effective or efficient way to handle the issue, which could result in a subpar solution.
Consequently, it's critical to check that the problem statement makes no solution recommendations because doing so may restrict the range of feasible solutions and results.
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as the price increases along a linear demand curve, the price elasticity of demand becomes
Along a linear demand curve, the price elasticity of demand grows or becomes more elastic as the price declines. People become more sensitive to price changes as something becomes less expensive, which explains why.
Along a linear demand curve, price elasticity of demand rises as the price falls, which means that the percentage change in quantity needed grows more quickly than the percentage change in price. People become more sensitive to price changes as something becomes less expensive, which explains why. In other words, consumers are more likely to purchase larger quantities of a good or service when the price is lower than it is when the price is greater. This relationship is captured by the law of demand, which states that when the price of a good or service decreases, the quantity demanded will increase, all other things being equal.
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as the price decreases along a linear demand curve, the price elasticity of demand becomes______.
TRUE or FALSE: ""A dollar today is worth more than a dollar tomorrow if the interest rate is positive."" a. True b. False
It is true, that a dollar today is worth more than a dollar tomorrow if the interest rate is positive. This is because of the concept of the time value of money (TVM).
TVM states that money in the present is worth more than money in the future due to the potential of earning interest. This is because the money in the present can be invested and thus generate a return, while the money in the future has no potential of generating a return.
A loan taken out with a positive interest rate will cost more in the future than it does in the present. This is because the loan has an interest rate associated with it, which means that the borrower will have to pay back more than they borrowed in the first place.
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the final step of the financial planning process is what ryan referred to as a ""post mortem"" or ""autopsy"". this is the stage where you:
Monitoring the plan is the last action. A financial plan will alter in response to life events, just like any other plan does, over time. Having an accountability partner will help you monitor the plan after it is prepared.
The Art of Preparing Financial Statements
Assurance of Receiving Supplier Invoices is the first step.
Verify Step 2 Including the Sending of Client Invoices.
Develop a Backlog of Unpaid Earnings.
Assess Depreciation in Step 4.
Inventory of value is the fifth step.
Publish Account Balances in step 7 after combining bank accounts in step 6 of the process.
8. Review the Accounts.
Financial management's primary goal is increased shareholder wealth. This is the market value of the owner's equity for private companies, whereas the stock price is what it is for public enterprises.
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When everyone in the company focuses on attaining customer satisfaction, this reflects a ______.
The marketing conception places a strong emphasis on client satisfaction. of the company's coffers to deliver long- term success and earnings, as well as client value and pleasure.
The shifting interests and solicitations of consumers. The marketing gospel emphasises that guests are the source of all marketing exertion. client satisfaction is a metric used to assess how pleased guests are with a company's goods, services, and capacities. A business can decide how to acclimate or ameliorate its goods and services by using data on client satisfaction, similar as checks and conditions. Customer satisfaction: The client is the focal point of the business, and this is one of the marketing concept's components. The company must work towards creating the goods and services that will result in consumer pleasure.
A functional unit inside an organisation, such as production, finance, human resources, and marketing, should all work together to serve the needs and wants of the customers. This is known as integrated marketing.
Marketing is considered successful if it can maximise profit in sales volume while simultaneously ensuring long-term client satisfaction.
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Why aren't imports of roses from South America and Africa high year-round instead of just around Valentine's Day? Select all that apply. The government limits imported flowers except around Valentine's and Mothers' Day. None of these apply. The spike in demand makes it profitable for producers with higher costs (like transportation) to enter the market. Flower production in the US is particularly low in February, so US-based supply is shifted leftward that month because of the climate.
The imports of roses from Africa , South America are high year round instead of around Valentine's Day is because
(c) The spike in demand makes it profitable for producers with higher costs to enter market.
(d) Flower production in US is particularly low in February, so US-based supply is shifted leftward that month because of climate.
The high demand for roses around Valentine's Day creates a profitable market for producers in South America and Africa despite the higher costs of transportation.
They increase their supply to meet the demand.
The low production of flowers in the US during February, due to the climate, leads to a leftward shift in the US-based supply, which further increases the demand for imported roses.
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The given question is incomplete , the complete question is
Why aren't imports of roses from South America and Africa high year-round instead of just around Valentine's Day ?
Select all that apply.
(a) The government limits imported flowers except around Valentine's and Mothers' Day.
(b) None of these apply.
(c) The spike in demand makes it profitable for producers with higher costs (like transportation) to enter the market.
(d) Flower production in the US is particularly low in February, so US-based supply is shifted leftward that month because of the climate.
One focus of strategic trade policy is to help domestic companies gain Multiple Choice 0 more competition to lower prices. 0 a first-mover advantage. 0 monopoly status. 0 less competition to raise prices. 0 exclusive intellectual property rights.
One focus of strategic trade policy is to help domestic companies gain a first-mover advantage.Option B.
The goal is to support domestic industries in becoming pioneers in new or emerging markets by encouraging them to be the first to enter and establish a strong presence. By being early entrants, domestic companies can establish their brand, build customer loyalty, and gain a competitive edge over foreign competitors.
A first-mover advantage can provide several benefits. One important benefit is the ability to capture significant market share early on. Being the first to introduce a product or service allows a company to attract customers and establish itself as a leader in the market.
This early market dominance can create barriers to entry for potential competitors, making it more challenging for them to enter and gain market share.
Moreover, a first-mover advantage often enables companies to set industry standards, influence market dynamics, and shape consumer preferences. By establishing themselves as leaders, domestic companies can shape the competitive landscape and potentially enjoy pricing power, higher profit margins, and increased market control.
Strategic trade policy can support domestic companies in achieving this advantage by providing various forms of assistance, such as financial incentives, subsidies, research and development support, infrastructure development, and favorable regulations.
These policies aim to create an environment conducive to innovation, entrepreneurship, and market leadership.
It is important to note that while strategic trade policy can promote a first-mover advantage, it should also consider promoting fair competition and protecting consumers' interests.
Balancing the benefits of a first-mover advantage with the need for a competitive market environment is crucial for the long-term growth and sustainability of domestic industries. So Option B is correct.
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u.s.-based mnc has many foreign subsidiaries in europe and does not expect to increase its investment there. its value should increase if the value of the euro weakens over time.
False, u.s.-based mnc has many foreign subsidiaries in Europe and does not expect to increase its investment there. its value should not increase if the value of the euro weakens over time.
A foreign attachment is an overseas company possessed or controlled by a larger enterprise grounded in another country. Foreign accessories are separate legal realities and must misbehave with the law of the original governance. They ’re also responsible for their own means and levies. To be codified as a foreign attachment company, the business reality must be further than 50 possessed by a foreign parent company or holding company. However, this is called a “ wholly possessed attachment, If the parent company owns 100 of the shares. ”
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Marketers need to understand and know the answers to several key questions when dealing with buying centers. Of the following which is NOT one of those key questions? A. What evaluation criteria does each decision participant use? B. In what decisions do they exercise influence and to what degree? C. Is price a major factor or is the buying center price sensitive? D. What major influences impact the buying center decision? E. Who are the major buying center participants?
C) Marketers need to understand and know the answers to several key questions when dealing with buying centers. Of the following which is NOT one of those key questions : Is price a major factor or is the buying center price sensitive?
Businesses that purchase goods and services to manufacture things and services to sell to others are included in the business market. Retail and wholesale businesses that purchase products with the intention of profitably reselling them are also included. We combine institutional markets and government markets because B2B marketing asps apply to each of these. These things are essential knowledge for company marketers: Who are the main players? What choices are they able to influence? What is the extent of their relative influence? What standards of evaluation are applied by each decision-maker? The key interpersonal, contextual, and individual impacts on the purchasing process must also be understood by the company marketer.
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paid cash to replenish the petty cash fund, $85.00: supplies, $32.00; miscellaneous expense, $50.00; cash short and over (cash shortage), $3.00. c7.
The statement describes a transaction where cash was used to replenish the petty cash fund, which was used to pay for supplies and a miscellaneous expense, resulting in a cash shortage of $3.00.
The statement is an accounting entry that describes a transaction involving the petty cash fund. The petty cash fund is a small amount of cash that a company keeps on hand to cover small expenses.
In this case, $85.00 was paid in cash to replenish the petty cash fund. Two expenses were then paid out of the petty cash fund: $32.00 for supplies and $50.00 for a miscellaneous expense.
However, the total amount of cash paid out of the petty cash fund exceeded the original amount, resulting in a cash shortage of $3.00. This transaction would be recorded in a specific account or ledger for bookkeeping purposes.
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according to balancing liberty and the pursuit of well-being, the free market fails to protect supplier interests. (T/F)
The statement is False. According to the theory of "balancing liberty and the pursuit of well-being", the free market fails to protect supplier interests.
As indicated by the theory of "Balancing Liberty and the Pursuit of Well-Being," the unrestricted economy may not satisfactorily defend purchasers' inclinations whenever left unregulated. The journalists suggest the case that in an unrestricted economy (or called the free market), organizations could put their own advantages in front of that of their clients, which could bring about examples where clients are exploited or harmed. As indicated by the article, unofficial law might be expected to protect buyer interests and assure moral organization rehearses. The creators fight that it is vital to figure out some kind of harmony between the quest for freedom and the quest for satisfaction and that while carrying out regulation,
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