Creating value for the consumer is one important responsibility for marketers, but no less critical is the marketer's responsibility for creating value for the firm.

Answers

Answer 1

Powerfully Fit needs to concentrate on attracting new customers in addition to retaining its current clientele. In light of this, Powerfully Fit should allocate a portion of its marketing budget to both new customer acquisition and customer retention.

REASONING: You should be aware of this marketing idea. Constantly investing in just new customers is more expensive than keeping existing customers. When a customer is a returning one with whom you already have a valued relationship, it is much simpler to add items to their cart than when they are a brand-new customer. You want both existing and potential customers to contribute to strengthening your bond with them.

Who is a marketer?

A company or individual is referred to as a market maker if they actively quote two-sided markets for specific security by providing asks and bids as well as the market size for each. Market makers contribute liquidity and depth to markets and make money from the spread between the bid and ask prices. They could also execute principal trades or trades for their own accounts.

Market makers are frequently brokerage firms that offer trading services to investors in an effort to maintain the liquidity of the financial markets. A local trader, also known as an individual trader, is another type of market maker.

The majority of market makers work for large institutions because of the size of securities required to accommodate the volume of purchases and sales

Thus, Marketers are very crucial for any business.

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Complete Question

Creating value for the consumer is one important responsibility for marketers, but no less critical is the marketer's responsibility for creating value for the firm.

One measure of value from a firm's perspective is whether the exchange was profitable to the firm. Loyal customers are often, but not always, the most profitable customers.

Your marketing analysts have developed two different customer relationship strategies at your request. You need to choose the strategy that will maximize value for the firm.


Related Questions

Normally, which of the instruments associated with a mortgage loan is recorded in the published records? group of answer choices promissory note mortgage bill of sale purchase contract

Answers

A financial instrument known as a promissory note comprises a written promise by one party to pay another party a specific amount of money.

An IOU, a loan contract, or just a note are other names for promissory notes. It is a formal loan agreement that states the borrower pledges to pay back the lender a specific sum of money within a specific amount of time. This type of agreement provides a legal obligation to repay the debt and is enforceable in court.

A promissory note is a type of debt instrument in which one party—the note's issuer or maker—promises in writing to pay another party—the note's payee—a specific amount of money, either immediately or at a predetermined later date.

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Wu company incurred $131,200 of fixed cost and $147,600 of variable cost when 3,600 units of product were made and sold. if the company's volume doubles, the total cost per unit will:__________

Answers

The total cost per unit will decrease.

The total cost per unit will be decreased when more number of units are produced.

Firstly ,we calculate fixed cost per unit.

Fixed cost per unit = Fixed cost / New sales produced.

Cost per unit when company has 3600unit of sales= 14700$/3600= 41$cost per unit.

If the company, doubles his sales then the cost per unit is calculated as Fixed cost/ No.of sales

Cost per unit = 131,200$/ 7200

= 18.22$ cost per unit.

So, the total cost per unit is calculated as 42.00$+ 18.22$= 59.22$.

Fixed costs are independent of output, therefore regardless of shifts in production volume, the dollar amount incurred is roughly constant. The recurring occurrence of a company's fixed costs results in a predetermined timetable and dollar amount associated with each cost.

Fixed costs are far more predictable and simpler to prepare for in advance because they must be met regardless of how well sales perform and how much is produced. There is little to no link between production output and total fixed costs, in contrast to variable costs, which fluctuate based on output.

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Distinguish between the sources of information about foreign employment and the ways of getting it.​

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Working for a company in another country is referred to as foreign employment, and you usually only work in one country. This wouldn't be your native country .

While the terms "foreign employment" and "international workforce" (people of a different nationality) are sometimes used interchangeably, the term really refers to a multinational corporation expanding outside of its home country and recruiting there.

Employers prefer foreign employment  because they cannot find qualified local employees, necessitating the hiring of foreigners to do the job.

The following are some methods for obtaining information about foreign employment:

Newspapers, notice boards, electronic media (radio, FM, television, etc.), websites, and public programs

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If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will __________--

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If a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase

How to illustrate the information?

Identifying, assessing, and improving upon current business processes within a company for optimization and to achieve new quotas or standards of quality is the proactive activity of process improvement.

Process improvement seeks to find and fix flaws in your company's procedures in order to increase productivity and quality. Reduce bottlenecks in your business's processes and help in reducing spending.

It should be noted that when there's a reduction in time due to wastage, it will bring about an improvement.

Therefore, if a process improvement effort decreases the amount of time spent on non-value-added activities, then the value-added percentage will increase

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The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as ________.

Answers

The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as concept testing.

Who are the target consumers?

The person who is most likely to buy your product is your target consumer and it's a subset of the broader target market. A target market is a collection of clients with similar populations who have been chosen as the company's most likely purchasers for its products or services. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product. For instance, if female athletes between the ages of 13 and 25 make up your target market, female athletes between the ages of 13 and 16 might be your ideal target consumer.

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________ provide(s) a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.

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Strategic alliances provide(s) a key avenue for growth for many young and small firms through partnering to obtain resources and to expand into new markets.

The partnering / agreement is less complex and less binding than a joint venture, in which two businesses pool resources to create a separate business entity.

This therefore is an easier way to generate resources, gain entry to new markets and share the risk and cost of major development projects.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees ________.

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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees When a fund falls and does not recover to its previous high value.

What Is a High-Water Mark?

The largest peak in value that an investment fund or account has experienced is known as a high-water mark. This phrase is frequently used in relation to performance-based compensation for fund managers. The high-water mark makes that the management is not compensated significantly for subpar performance. Before obtaining a performance bonus from the assets under management, the manager must raise the fund over the high-water level if it loses money over a period of time (AUM).The highest value an investment account or fund has ever attained is referred to as a high-water mark.

A high-water mark is frequently used as a boundary to establish how much a shareholder must pay in performance fees. The intention is to shield investors from having to pay a fee for subpar performance as well as from having to pay a fee repeatedly each time the fund is profitable. With a high-water mark, the investor only pays a charge equal to the money the fund made between the time it was created and when it reached its highest level.

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Somerset leasing received $36,000 for 12 months' rent in advance. how should somerset record this transaction?

Answers

The Transaction would be recorded as follows

Debit Cash 33,600Credit Unearned revenue 33,600

Rules of Recording a Transaction.

The following are the "Golden Rules of Accountancy" for debit and credit, which govern the system of accounts: First: Debit what comes in, Credit what goes out. Second, credit all incomes and gains and debit all expenses and losses. Third, credit the giver while debiting the recipient.The total amount of debits must equal the total amount of credits in a transaction

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Connor and demi are employees of ecocrop corporation. under the equal pay act, ecocrop can legitimately pay different wages on the basis of:_________

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Connor and demi are employees of Eco crop corporation. under the equal pay act, Eco crop can legitimately pay different wages on the basis of seniority.

What is a Wages?

A wages is the amount of money that an employer agrees to pay a worker in exchange for their services. Actual earnings come in a variety of forms, including the following:

Piece rates are the remuneration given in accordance with the job completed by the employee. The quantity of units generated by the employee is taken into account while calculating the piece rate.Time earnings are earned when a worker is compensated for his or her labor in accordance with the passing of time. For instance, time wages would apply if the worker received 35 rupees  per day.

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The maximum fine for driving and drinking an alcoholic beverage is:________
a) $500
b) $1,000
c) $50
d) $200

Answers

Answer:

In many places of my country there's $1,000 maybe other country $500

What level of total utility is realized from the equilibrium combination of j and k, if the consumer has a money income of $64 and the prices of j and k are $8 and $4, respectively?

Answers

276 utils are realized from the equilibrium combination of j and k, if the consumer has a money income of $64 and the prices of j and k are $8 and $4, respectively.

What is Equilibrium?

Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing. In general, when there is an abundance of products or services, prices decline, which increases demand, but when there is scarcity, prices rise, which decreases demand.

When supply and demand are balanced, the price is at equilibrium. When a major index has a period of consolidation or sideways motion, it is possible to assert that the forces of supply and demand are roughly equal and the market is in equilibrium.

Economists have discovered that price changes are frequently found to be near the equilibrium values. If the price rises too much, the market will force sellers to enter and expand output. If the asking price is too low, more buyers will drive up the cost. These activities sustain a relative equilibrium at the equilibrium level over time.

Thus, the balance of supply and demand is called Equilibrium.

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What is a challenge associated with an outsourcing strategy?
a. lack of economies of scale
b. lack of necessary technology
c. quality-control problems
d. increased cost
e. labor shortage

Answers

Quality-control problem is a challenge associated with an outsourcing strategy. So the correct answer is c.

What is the Quality problem?

There is no one definition of quality. Quality control is the process through which goods and services are tested and evaluated to make sure they adhere to a standard, regardless of the relative meaning of the word "value." A company can assess, maintain, and enhance product quality through this method.

Long-term expenditures in quality control techniques can safeguard a business's brand, stop items from being unreliable, and boost consumer confidence. These procedures are chosen after careful methodology, testing, and consideration of best practices.

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________ buyers include manufacturers, wholesalers, retailers, and government agencies.

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Organizational buyers include manufacturers, wholesalers, retailers, and government agencies that buy goods and services for their own use or for resale.

Who are the manufacturers?

A manufacturer is a person who develops and offers services and products. Manufacturers utilize labor force, also known as production factors, to produce, or turn into another thing.

Manufacturers, distributors, merchants, and governmental organizations are examples of organizations that buy products and services for their own internal usage or for reselling.

Institutional purchasers often take into account each of their own preferences, as well as the likely preferences of the clients.

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The question is incomplete, the complete question will be:

_____ include manufacturers, wholesalers, retailers, and government agencies that buy goods and services for their own use or for resale.

A producer is a licensed individual who represents himself or herself and may act on behalf of:_________

Answers

The answer is : - An insured

A producer is a qualified individual who can act on behalf of an insured and who represents only themselves.

What Does Registration Mean?

The Securities and Exchange Commission (SEC) must receive certain paperwork from a corporation outlining the specifics of a planned public offering. This procedure is known as registration. Prospectus and private filings make up the two main components of registration. While the private filing is information sent to the SEC for review, the prospectus is a document provided to each investor who acquires the asset.

An initial public offering (IPO) procedure takes months of preparation and a ton of paperwork, and it is a lengthy and complicated process. A company issuing shares that registers for an IPO must divulge crucial information and specifics about its operations.

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A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is?

Answers

Payment is a type of annuity that comprises of equal financial flows that happen at regular periods and last forever.

Describe an annuity.

The goal of nationwide annuities is to increase your retirement income. They are long-term agreements with an insurance provider where you put money. You receive income in the form of recurring payments as compensation for your investment.

many annuity types

There are several different annuity product categories to pick from. Your financial professional can design a strategy to fit your unique objectives, whether you're searching for income possibilities, tools for legacy planning, or spousal protection.

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Pete jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by:_____.

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Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.

When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.

The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.

The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.

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In online reverse auctions, ______ are competing for the business of the ______ by offering their products or services at ______ prices.

Answers

In online reverse auctions, Sellers compete for the business of the buyers by offering their products or services at the lowest prices.

What are reverse auctions?

An auction type where the typical roles of the buyer and seller are switched around is called a reverse auction (also known as a buyer-determined auction or procurement auction). There is one buyer and numerous sellers who may be interested. In a regular auction, commonly referred to as a forward auction, buyers compete for products or services by putting forth progressively larger prices. In a reverse auction, on the other hand, the vendors compete with one another for the buyer's business, and prices often decline as the sellers underbid one another.

Because the fundamental idea is the same in all types of auctions, a reverse auction is comparable to a unique bid auction; nevertheless, a unique bid auction closely resembles a conventional auction because each bid is kept secret and a single, distinct winner is determined after the sale concludes.

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Which of these are benefits of a job as the term is used in this lesson? (1
O a high hourly wage
O an office in a great neighborhood
O working for a good cause
O a 401(k) plan

Answers

Answer:

high Hourly wage

Explanation:

Answer:

D. a 401(k) plan

Explanation:

The financial statement that is most useful in explaining a company's stock price performance is the:________

Answers

The right answer is for this question is

Income Statement

True or false: a shortage occurs when quantity supplied exceeds quantity demanded.

Answers

a shortage occurs when quantity supplied exceeds quantity demanded. The assertion is untrue.

What is scarcity?

When the amount required exceeds the amount supplied at the going rate, there is a shortage.

Three factors primarily contribute to shortages: rising demand, falling supply, and government action.

The term "scarcity" should not be confused with "shortage" as it is used in economics.

In a market that is operating normally, the quantity provided and the quantity sought are in equilibrium at a price determined by market forces. A shortage occurs when there is an imbalance between supply and demand for a good or service. The market is said to be in a condition of disequilibrium when this happens. This circumstance often only lasts a short while before the product is supplied and the market returns to normal.

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ABC classification relies on the Pareto principle. The Pareto principle observes that 20% of your customers drive 80% of the benefits.
a. true
b. false

Answers

This is a True and Rigid Statement.

According to the Pareto principle, 20% of causes account for about 80% of the consequences for many outcomes. This guideline is also known as the 80/20 rule, the law of the crucial few, or the factor sparsity principle.

Key Learnings. According to the 80-20 rule, 20% of causes result in 80% of outcomes. By giving priority to the 20% of elements that will result in the best outcomes, the 80-20 rule. The finest assets of an organisation should be identified, and they should be utilised effectively to generate the most value possible.Why is the Pareto Principle used?The Pareto Principle, which asserts an uneven link between inputs and outputs and is named after economist Vilfredo Pareto, states that 80% of outcomes result from 20% of the causes. This idea serves as a general reminder that inputs and outputs do not always have an equal connection.

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Jenna and martin complete their part of project zenith. their progress is best measured against ________ goals.

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Jenna and martin complete their part of project zenith. Their progress is best measured against task goals. The easiest way to gauge their development is to compare it to the objectives of the task. The act of performing a task! You do not want to obtain this outcome at the conclusion of the quarter; it is not a result. In contrast to tasks, goals (such as OKR goals) are outcomes and results. Therefore, at its most basic level, a task is merely an action; to finish a project, you must perform a number of tasks or activities.

To accomplish your goal, we must complete numerous tasks (and possibly numerous projects), yet activities themselves cannot tell you whether you are acting appropriately. You are merely performing them. What is right or what is right for your business, or what is most important for your organization this quarter, is revealed by your OKR goals.

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a decrease in supply will have what effect on equilibrium price and quantity? a.price will increase; quantity will decrease. b.both price and quantity will decrease. c.both price and quantity will increase. d.price will decrease; quantity will increase.

Answers

A decrease in supply will increase the equilibrium price and reduce the equilibrium quantity (option A).

What is the effect of a decrease in supply?

A decrease in supply of a good is caused by other factors other than the price of the good. When there is a decrease in supply, there would be a leftward shift of the supply curve.

When there is a decrease in supply, there would be an excess of demand over supply, this would lead to an increase in the price of the good due to increased competition among consumers. There would also be a decrease in the equilibrium quantity.

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If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, how much is the new balance?

Answers

If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, The amount of the  new balance is: $5,000.

Checking account new balance

An increase of two orders of magnitude means that the balance in the checking account was multiplying by 100 or the amount in the checking account is hundred times larger.

Hence,

Using this formula

New balance=Checking account balance× two order of magnitude

Let plug in the formula

New balance=$50×100

New balance=$5,000

Therefore If your physics club had $50 in a checking account and the dean generously increased it by two orders of magnitude, The amount of the  new balance is: $5,000.

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Borrower qualifications for down payment assistance programs are based on ______.

Answers

Borrower qualifications for down payment assistance programs are based on credit score.

What is a credit score?

A credit score is a numerical expression used to quantify a person's creditworthiness. It is based on a level examination of their credit files. The main component of a credit score is a credit report, which is normally obtained from credit agencies.

The average VantageScore and FICO score in the US are 688 and 711 respectively. In general, a credit score of 680 or higher is regarded as good, and a score of 740 or above is regarded as exceptional.

In conclusion, the borrower qualifications for down payment assistance programs are based on credit score.

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carriage inward is recorded on the dash account
a credit side of the trading
b debit side of the cash book
c debit side of the trading
d credit side of the profit and loss

Answers

Answer:

A or the first option

Explanation:

Answer:

C

Explanation:

Carriage inwards is an expense and expenses are debited.

A call option will only be exercised if the market price ______ the strike price.

Answers

A call option will only be exercised if the market price OTM Option the strike price.

What is OTM Option ?

An OTM call option will have a strike price that is greater than the underlying asset's market price. An OTM put option, on the other hand, has a strike price that is lower than the underlying asset's market price.

Out of the money (OTM) refers to an option that has no intrinsic value and only extrinsic value.

If the underlying price is trading below the strike price of the call option, it is out of the money. If the underlying's price is higher than the strike price of the put option, it is out-of-the-money.

OTM alternatives are less expensive than ITM or ATM alternatives. This is due to the fact that ITM options have intrinsic value but ATM options do not.

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Is the set of firms that facilitate the movement of goods from producers to consumers?

Answers

The distribution channel is the set of firms that facilitate the movement of goods from producers to consumers.

A distribution channel is what?

A distribution channel is a network of firms or middlemen that a commodity or service travels through before reaching the final consumer or buyer. Wholesalers, merchants, distributors, and even the internet are examples of distribution channels.

The downstream process, which addresses the issue of "How do we get our product to the consumer," includes distribution networks. Contrarily, the upstream process, commonly known as the supply chain, offers a response to the question, "Who are our suppliers?

What Exactly Is a Distribution Channel, and What Elements Does It Comprise?

The phrase "distribution channel" describes the techniques a business employs to get its goods or services to the final customer. A network of middlemen companies, including producers, distributors, and retailers, is frequently involved. Management of supply chains involves choosing and keeping an eye on distribution channels.

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Suppose pizzas and burgers are substitutes. if the price of pizza increases, what happens in each market?

Answers

If the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.

What is Demand curve?

A demand curve is a graph that shows the relationship between the cost of a given good and the amount that is desired at that cost. Demand curves can be applied to the price-quantity connection for either a specific consumer or for every consumer in a given market.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.

Pizzas and burgers exist as substitutes. This implies that they are utilized in place of each other. If the price of pizza increases, the quantity demanded will decrease. This will be characterized by an upward movement to the left on the same demand curve.

Consumers will prefer a more affordable substitute, and as a result, the demand for burgers will increase. This will be displayed by a rightward shift in the demand curve for burgers..

Hence,  if the price of pizza increases, Move upward and to the left along the demand curve for pizzas and the demand curve for burgers shifts to the right.

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According to the liquidity premium theory, the expected yield on a two-year security will ____ the expected yield from consecutive investments in one-year securities.

Answers

Answer: be greater than

Other Questions
A kind of annuity that consists of cash flows of equal amounts occurring at regular intervals and that continues indefinitely is? One means of ensuring that the nurses floated to other patient care areas in healthcare organizations are qualified to work in the areas they are floated is:_________ 1. cats are the only host in which toxoplasma can sexually reproduce. therefore, cats are the _______ host for this protozoan. (z^1)^2Its Khan Academy I need help ASAP. Exercise 2 Underline the adjective clause in each sentence. Write N next to the nonessential clauses and E next to the essential clauses. The boy whose bike had been stolen cried loudly. A call option will only be exercised if the market price ______ the strike price. Normally, which of the instruments associated with a mortgage loan is recorded in the published records? group of answer choices promissory note mortgage bill of sale purchase contract Which sentence from the article BEST introduces Jamil Bhanji's experiment to the reader?(A)Everyone experiences failures.(B)Jamil Bhanji is a neuroscientist at Rutgers University in New Brunswick, N.J.(C)Bhanji's team wanted to find out what strategies people use to forge ahead after failing.(D)Along the way, players faced setbacks that could return their characters back to where they had started. Exercise 2 Find the personal pronouns that have antecedents within each sentence or sentence group. Draw one line under the personal pronoun. Draw two lines under its antecedent. Change the personal pronoun to agree in person with its antecedent. Correct the verb if necessary. You can get such sore muscles when they run farther than usual. what do hippopotamus eat How can you have a balance life? They are often attractive because variety of colors can be combined.a. Weaving designc. Grain lineb. Fabric designd. Design by printing Which of these are benefits of a job as the term is used in this lesson? (1O a high hourly wageO an office in a great neighborhoodO working for a good causeO a 401(k) plan Complete the standard form equation representing the quadratic relationship displayed above, where a,b, and c are consonants. What does criteria mean in science? LESSON 2: STAYING SHARPPRACTICING SKILLS & CONCEPTS1. Write the numbers of dots in the next three steps ofthis pattern:1610152. WArEv According to kkv, hd, and o'neil, the goal of scientific research in the social sciences is _____. Chapter 11 learnsmart the function of the federal open market committee is to _____. When a denominator is greater then numerator does the cutting fraction stop there?or it can still be reduced It is possible to effectively use the math.ceil method without knowing how it is implemented internally. in engineering terms, we can treat the method as a _________.