Customers have more power when a product is sold in the open market
What is an open market?An open market can be defined as the market were the price of goods and service is determine by the market competition which in turn means that price of goods and service are not determine or control by the government.
In this type of market customers have more power because they have to power to do and undo when it comes to market price or the price they want to buy their product.
Therefore Customers have more power when a product is sold in the open market
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Staples offers quality customer service and its own brand of products to establish a:________
Staples offers quality customer service and its own brand of products to establish a competitive advantage.
What are the pillars of excellent customer service?The top suppliers base their companies on the following five pillars:
a) Putting people ahead of systems.
b) Paying attention to customers.
c) Caring and going above and above.
d) Employees who feel empowered.
Essentially, the three key components of good customer service "P"s are professionalism, patience, and a people-first mindset. Although every consumer has different expectations, as long as you abide by these rules.
You must welcome consumers and speak to them in a way that is natural and appropriate for the given circumstance if you want to develop strong customer connections. Demonstrate to them that you are aware of their demands.
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An auditor would be most likely to identify a contingent liability by obtaining a(n)?
An auditor would be most likely to identify a contingent liability by obtaining a(n) letter from the entity's general legal counsel.
Ask of and examine with the board the arrangements and methodology taken on for distinguishing, assessing, and representing cases, cases, and evaluations. Analyze records in the client's ownership concerning suits, cases, and appraisals, including correspondence and solicitations from legal advisors.
An Auditor is an individual approved to survey and check the precision of monetary records and guarantee that organizations follow charge regulations.
A Contingent Obligation is an obligation that might happen to rely upon the result of a dubious future occasion. It is recorded on the off chance that the possibility is probable and how much the responsibility can be sensibly assessed.
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Once a customer begins to have a positive experience with a service provider and builds a relationship with the firm, customer loyalty ________.
The correct answer is "customer loyalty tends to be greater for services than for products".
Customer loyalty is a bond between a consumer and a brand that motivates the consumer to make more purchases from the brand.
Why is client loyalty crucial?Higher profits come from more loyal customers. The main factor that makes loyal consumers so important to small businesses is that they increase revenue. By spending more money, every cliental visit builds up over time, to the point where a 5% improvement in customer retention will result in a 25% gain in profit.
Although high brand preference may come from consumer loyalty, the loyalty may not be exclusive. Repeat purchases can be made by customers from different brands within the same category.
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When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited
When marketers Enter into the strategic marketing process, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
What is the strategic marketing process?The term strategic marketing process is the term that has to do with the conduction and the establishment of goals and research that would be effective for the conduction of research that would be useful in the overall marketing of the products of the business.
This is the process that is useful that can make the business to have an intentional marketing.
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The concept of _______________________ helps public relations people in communicating from the standpoint of their client's values while interpreting their publics' cultures back to the client.
The concept of cultural convergence helps public relations people in communicating from the standpoint of their client's values while interpreting their publics' cultures back to the client.
This is further explained below.
What is cultural convergence?Generally, The idea of cultural convergence assists those who work in public relations in speaking from the perspective of the values of their client while simultaneously translating the cultures of their public back to the client.
In conclusion, The concept of convergence culture is a philosophy that acknowledges the shifting nature of our connections and experiences in relation to new forms of media.
Academics in the field of media generally agree that Henry Jenkins, with his book "Convergence Culture: where old and new media mix," is the "father" of the term "convergence culture."
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Say that you are about to make a major purchase and would like to save money on sales tax. which of these is a viable way to reduce the amount you will pay on sales tax?
if you want to avoid paying sales tax and about to make a major purchase then Shopping in a state with a lower tax rate is therefore a viable way to reduce the amount of sales tax you will pay because states have different tax rates.
It will save money on sales tax. The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the shop, and paid to the government. A company is liable for sales taxes in a particular jurisdiction if it has a nexus there, which, depending on the local rules, can be a physical location, an employee, an affiliate, or some other presence. When states, counties, and municipalities each levy their own sales taxes, there are several jurisdictions that charge various sales taxes that frequently overlap.
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An exchange rate that is set at a specific value and maintained over time is a(n) __________ exchange rate.
Fixed Exchange Rate is fixed at a certain value and preserved across time.
A fixed exchange rate is a system used by a government or central bank that links the value of the nation's official currency to the currency of another nation or the price of gold. For exporters and importers, fixed rates offer more assurance. In addition, fixed rates assist the government in preserving low inflation, which, over time, lowers interest rates and promotes investment and commerce.
The majority of large industrialized countries have had floating exchange rate regimes, in which the price of a currency is determined by its current value on the foreign exchange market (forex). While fixed-rate systems are still used in developing economies, this trend started in these countries in the early 1970s.
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Operating income can be determined using
a.absorption and variable costing.
b.variable costing only.
c.absorption costing only.
d.neither absorption nor variable costing.
Operating income can be determined using Absorption and variable costing.
Both are the different methods to calculate the operating income in different way.
Operating income is defined as income less expenses which results in operating income without deduction of taxes.
Under absorption cost, operating income is calculated as sales less cost of goods sold by including both fixed and variable cost.
Under variable costing , operating income is calculated as revenue less variable expense which results in contribution less fixed expense.
Both the methods are useful to calculate the operating income but as per GAAP reporting , absorption method is acceptable.
Absorption methods includes all the cost related to manufacturing but variable cost includes variable cost only.
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A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates which doctrine?
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates the constructive receipt doctrine.
This is further explained below.
What is constructive receipt doctrine.?Generally, When a money taxpayer receives gross income for federal income tax purposes, the theory of constructive receipt is applied to make this determination.
If a taxpayer has complete discretion over deciding when certain types of income will or should be paid, that person is liable for tax in the current year.
In conclusion, If a taxpayer gives his daughter, who is only ten years old, fifty thousand dollars a year for consulting work, the taxpayer has most certainly violated the constructive receipt law.
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Randy produces rubber gaskets for model airplane engines, and his strategy focuses on being the lowest cost provider for this market. what competitive strategy is randy employing?
The competitive strategy used by the Randy is Cost focus techniques.
What is Competitive Strategy?A competitive strategy refers to the strategy used by the businessman and the companies in order to earn competitive advantage over the others. It is the set of techniques and policies used by the company to improve its competitive position.
There are three types of the competitive strategy that is : Cost Leadership, Differentiation and Focus. In this Cost focus, strategy refers to the technique in which the competition is made on the basis of the lower cost to attract the customers.
Therefore, it can be concluded that Cost focus techniques are used in the above scenario.
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Which internal control procedure addresses the idea that the likelihood of employee fraud or theft?
It could be controlled by the Separation of duties of the employee in the respective company.
Usually, frauds occur when there's a mixture of everything equally. Everyone in the company is working without any discrimination. Due to that theft and fraud happen in the firms as someone is playing in someone's place.
To avoid this process companies are divided into different departments to which they are providing their services in different ways. In companies therefore there's a need for more than one sign on the cheque.
By separating the duties and departments more than one person is performing the same actions or tasks therefore companies are safe from fraud and theft.
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A community health nurse is working to support programs to encourage preschool immunizations. the nurse is integrating which ethical principle in his or her practice?
In order to promote preschool vaccines, the nurse has incorporated the beneficence ethical concept into her professional practice.
What do you mean by vaccines for preschoolers?Children must receive two booster shots before starting school. They are protected from polio, whooping cough, diphtheria, and tetanus with just one shot. The second shot strengthens your child's defenses against rubella, measles, and mumps. These vaccinations are given to your child when they are approximately three years and four months old. Your child's level of antibodies will be updated or topped off by the pre-school immunizations, also known as pre-school boosters, which will help to keep them protected. Babies' immunizations can cause their immunity against diphtheria, tetanus, whooping cough, and polio to wane over time. The MMR vaccine gives people a second chance since sometimes they do not gain full protection to measles, mumps, or rubella after just one dose.
The moral responsibility to act in others' best interests is known as the principle of beneficence. Because it guarantees that healthcare providers take into account unique situations and keep in mind that what is wonderful for one patient may not always be fantastic for another, beneficence is crucial.
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What continuously changes and provides business solutions to ever-changing business operations?
A dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
What is a dynamic approach in business?It involves an approach that entails a flexible & adaptive attitude towards the company's business model and relies on embedded business networks to reconfigure, develop and adapt the business model to events and changes in the business environment.
The dynamic approach is important because it help to ensure that a business can respond appropriately to changes that may represent both potential opportunities and new threats to its operations.
Therefore, the dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.
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A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to the escrow account? (round to the nearest dollar.)
The monthly payment for taxes be to the escrow account to $48
$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount
8.9 mills ÷ 1,000 = 0.0089 tax rate
$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48
What is property?Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.
Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.
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Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be __________.
Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be market oriented.
What is mission statement?
A mission statement is characterized as an action-based declaration of an organization's goal and its approach to serving customers. This can occasionally include an explanation of the business, what it does, and its goals. A brief overview of your company's goals is contained in your mission statement.
A mission statement should place more emphasis on meeting customer demands than on the product. Although products and technologies eventually become old, fundamental market demands might not. A firm is defined by its market-oriented mission statement in terms of meeting fundamental customer needs.
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A sales agent, employed by the sponsor's first-tier, downstream, or related entity (fdr), submitted an application for:________
A sales agent, employed by the sponsor's first-tier, downstream, or related entity (FDR), submitted an application for Processing.
A sales representative employed by the sponsor's first class, affiliate or related entity (FDR) filed a request for processing and requested two things:
backdate the registration date by one month, waive all monthly premiums for the beneficiary.First Tier, Downstream, and Related Entities (FDRs) are defined by CMS as any party that enters into a written agreement with a Medicare Advantage organization or Part D plan sponsor to provide administrative or health care-related services. As a healthcare provider, this means that your vendors may be considered FDRs, and as a Medicare Advantage participant, you may be responsible for monitoring and auditing their compliance with CMS standards. Examples of First Tier, Downstream and Related Entities (FDRs): Doctors HOSPITAL Pharmacies Other Providers Claims processing vendors Patient Care Vendors Trust companies Field marketing organization Call Centers.
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Much of your workplace communication will occur during in-person or online meetings. if you're leading a meeting, you can help to make sure it's productive by?
Much of your workplace communication will occur during in-person or online meetings. If you're leading a meeting, you can help to make sure it's productive by preparing carefully .
Face-to-face communication: what is it?When two or more people are present for each other's interactions, face-to-face engagement and conversation takes place. This conversation might occur in person or online.
Face-to-face conversations frequently result in more effective communication than written or audio-only ones. This is because seeing one another makes it easier for us to read body language and nonverbal signs. Additionally, since a lot of communication takes place nonverbally, being able to see one another improves our understanding of one another.
Effective team members understand that face-to-face interaction strengthens their bonds with their leaders.
For instance, you are aware that it is best to speak with an employee face-to-face when you need to have a difficult talk.
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The business cycle is the? a. relationship between unemployment and inflation. b. irregular fluctuations in economic activity. c. positive relationship between the quantity of money in
The business cycle is the
d. irregular unpredictable changes in economic activity.
What is meant by the business cycle?Business cycles are a type of change found in the aggregate economic activity of a nation, a cycle that consists of developments occurring at about the same time in many financial activities, followed by similarly general squeezes (recessions).
What is the relationship between the business cycle and inflation?Unemployment rises during business cycle recessions and declines during business cycle developments (recoveries). Inflation declines during recessions and increases during evolutions (recoveries).
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What are the major activates of operating systems with regard to secondary storage management?
In terms of managing secondary storage, an operating system primarily performs three tasks:
Keeping track of the secondary storage device's free space.Storage space allocation when it's time to write new files.Scheduling the memory access requests.What is operating systems?An operating system (OS) is a piece of software that controls all other application programs in a computer after being originally loaded by a boot program. Through a specified application program interface, the application programs use the operating system by requesting services (API). The operating system should be made with the utmost care because it has such a complicated structure and needs to be utilized and modified frequently.Learn more about operating system here:
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Lindsey inc. has total sales revenues of $440,000. if its total fixed costs are $70,000 and its total variable costs are $152,000, the contribution margin is:_________-
Lindsey inc. has total sales revenues of $440,000. if its total fixed costs are $70,000 and its total variable costs are $152,000, the contribution margin is $288,000
What is Total Variable Cost?
The sum of all variable expenses related to the cost of products sold within a reporting period is known as the total variable cost. In analyzing the profitability of corporations, it is a crucial element. Only costs that change in response to production or sales volume are included in the total variable cost. It is not compiled down to the level of every single unit. Direct labor is probably the biggest part of a company's total variable cost if it is in the services industry. This is due to the fact that billable hours, along with the associated costs of payroll taxes and employee benefits, make up the majority of the cost of goods sold.
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There are a number of different stock markets; however, the two leaders are the new york stock exchange, which is a(n) -select- exchange, and the nasdaq, which is a(n) _______ market.
Although there are many distinct stock markets, the New York Stock Exchange, a select-exchange, and the Nasdaq, a screen-based market, are the two most prominent.
What is a stock market?A network of exchanges where shares of publicly traded firms are issued, purchased, and sold is known as the stock market, or equity market. Its purpose is to let individual investors acquire stock in listed firms while also giving the companies themselves money to reinvest in their operations. The London Stock Exchange (LSE) and the New York Stock Exchange, for example, are two stock exchanges that make up the global equities market (NYSE). To trade a company's shares on an exchange, you must employ a broker since exchanges have rules about who can purchase and sell shares directly on their books.
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One of the most popular tools used by firms to evaluate their current situation and future prospects is the ______.
The SWOT analysis is among the most often utilized methods to assess their current state and potential futures.
The required details for SWOT analysis in given paragraph
What are some examples and a SWOT analysis?
Strengths, Weaknesses, Opportunities, and Threats, or SWOT, is an acronym. Your firm has internal strengths and weaknesses that you can improve and exert some control over. Examples include your team members, your patents and other intellectual property, and where you are.
What advantages come from performing a SWOT analysis?
Discovering your organization's internal strengths and weaknesses is made easier with the help of a SWOT analysis. It also aids in identifying the threats and possibilities you face from the outside world. Because of this, it's a crucial tool for doing internal and external Strategic Analysis.
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Nder the flsa, what information concerning employees' wages must be maintained by the employer?
The wages of the employees are information are:
The payroll, the duration. The additions and the deductions from the employees' wages.The nature amount is the exempt pay.What is wages?
The amount paid by labor is referred to as "wages." The wages are paid on a daily, weekly, or according to the work basis. The wages are the expenses of the business.
The employer is responsible for keeping track of the employee's salary. The payroll is the employer. The employer is responsible for the additions and deductions from the employees' wages. The nature amount is the exempt pay.
Hence, the significance of the wages aforementioned.
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To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by entries.
To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
What is adjusting entry?An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.
The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.
Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.
The balance sheet and income statement is prepared after the posting of journal and adjusting entries.
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In mid-2012, ralston purina had aa-rated, 10-year bonds outstanding with a yield to maturity of:_____.
Ralston Purina had AA-rated, 10-year notes with a yield to maturity of 1.96% outstanding in the middle of 2012.
Bonds are fixed-income securities that reflect loans from investors to borrowers typically corporate or governmental. A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower. Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors. Bond specifications typically include the terms for variable or fixed interest payments made by the borrower, as well as the end date by which the principle of the loan is expected to be paid to the bond owner.
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Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of the world. unlimited in quantity.
Factors of production are scarce in every society.
What are the factors of production?Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.
There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.
Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together
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Which term refers to the accountability of marketing dollars spent on marketing activities?
Accountable Marketing is the term which refers to the accountability of marketing dollars spent on marketing activities
Accountable Marketing is essential to Marketing accountability because of the following reasons;
Besides being able to justify spending and enable us to run the Marketing organization more effectively and efficiently, knowing what is and isn't working helps Marketing achieve greater influence and serve in a more strategic role.
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A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______.
A common approach by managers in deciding how to allocate scarce funds is to rank investment proposals by taking into the account time value of money.
Why is the managerial approach important?This builds their faith, gives them a sense of achievement, and helps them evolve into more resourceful, decisive, and independent. As a manager, your role is to then keep a close eye on improvement and only provide guidance if you see things going awry. This course is a great default for day-to-day administration. Management procedures are techniques that are used to direct and control an association.
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A short term increase in synaptic strength after repetitive high frequency stimulation of a neural synapse is termed:_________
A short term increase in synaptic strength after repetitive high frequency stimulation of a neural synapse is termed Facilitation.
What is synaptic strength?Synaptic strength can be described as the average amount of current as well as the voltage excursion that is been developed in the postsynaptic neuron through the action potential in the presynaptic neuron.
It should be noted that short term increase in synaptic strength after repetitive high frequency stimulation of a neural synapse is termed Facilitation.
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The opportunities for mass production created by the __________ spawned intense and systematic thought about management problems and issues
The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
What is Industrial revolution ?The Industrial Revolution can be described as the period of scientific as well as the technological development that took place in the 18th century.
It should be noted that this brought about the transformation of largely rural, agrarian societies, hence The opportunities for mass production created by the Industrial revolution spawned intense and systematic thought about management problems and issues
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