The tension between meeting both social and economic responsibilities can be overcome by pursuing social ends as the very core of an organization's mission.
What are economic responsibilities ?By making social responsibility a central part of the organizational mission and values, the organization can ensure that its actions align with both economic and social goals. This approach creates a strong sense of purpose for employees and helps to create a positive image for the organization within the community. In contrast, utilizing a small percentage of profit on social causes or doing charitable work to build a good reputation within the community may only partially address social responsibilities and may not effectively align with the organization's overall mission and values. Emphasizing the importance of achieving the desired economic goals alone would not necessarily address social responsibilities and may not resolve the tension between meeting both types of responsibilities.To know more about economic responsibility , check out :
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a company doing marketing research finds that a 10 percent increase in its product's price would create a 5 percent decrease in the quantity demanded of its product. a. based on this information, demand for the company's product is
A business conducting consumer research discovers that a 10% price increase will result in a 5% drop in the amount of demand for its goods. Given this data, it may be concluded that there is a highly inelastic for the company and its products.
TR would diminish if the price dropped and the demand was inelastic.
TR would fall if price increased and demand was elastic.
Preference for product X is cross-elastic in relation to product Y's price, with a value of 1.2. Knowing X and Y are complimentary products can be assumed
TR would increase if price increases and demand remains inelastic.
Given a falling price and also an elastic demand, TR will rise.
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a price index is a measure of the average price of a given class of goods or services relative to the price of multiple choice question. the same basket of goods or services in the previous year. a different class of goods and services. the same basket of goods or services in a base year.
A price index is a measure of the average price of a given class of goods or services relative to the price of the same basket of goods or services in a base year. Thus option (D) is correct.
What is price index?A price index (PI) is a measure of how prices change over a period of time, or in other words, it is a way to measure inflation.
The price index can be used to measure the economy's general price level or a cost of living and standard of the people in an economy.
A price index is a measure of the average price of a given class of goods or services relative to the price of the same basket of goods or services in a base year. Therefore, option (D) is correct.
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true or false: if you were to build a data warehouse today, you would use almost the exact same tech
FALSE. The technologies used to build data warehouses have evolved and improved significantly over time, and continue to do so. For example, advances in cloud computing and big data have led to the development of new data warehousing solutions that are more scalable, flexible and cost effective compared to traditional on-premise solutions. In addition, new data warehousing technologies have emerged, such as data lakes and data virtualization, which provide different approaches to managing and analyzing data. While some of the core concepts and best practices remain unchanged, the technologies used to build data warehouses today are not the same as before, and are likely to continue to evolve in the future.
Data warehouse technology refers to hardware and software systems used to store, manage, and analyze large and complex data sets. It includes the tools and systems used to extract, transform, and load (ETL) data from multiple sources into a centralized repository, as well as the systems used to store, manage, and analyze that data.
Examples of data warehouse technologies include:
Relational database: This is a traditional technology used to store data in a structured format, such as a traditional RDBMS (Relational Database Management System) such as Oracle or MySQL.You can learn more about data warehouse here brainly.com/question/14615286
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outdoor living company has just received a special order for 500 hammocks. outdoor living has sufficient idle capacity to accept the order. accepting the order will increase outdoor living's variable manufacturing costs. variable selling and administrative costs would be unaffected. what is the minimum price that outdoor living should accept for the special order?
A cost per unit equal to the variable manufacturing cost of the hammock.
How are manufacturing costs per unit determined?Divide the total production overhead by the number of units produced to determine the cost of manufacturing one unit. By dividing the $50,000 total production overhead by the 10,000 units produced, $5 results.
What is the typical cost of production per unit?Average cost, also known as unit cost, describes the expenses incurred during the production of a single unit of a good. To determine this, divide the total cost (fixed expenses plus variable costs) by the overall number of units produced. The unit cost can be used by businesses to set their product prices.
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on the multi-step income statement, assume that operating income is $10,000, interest expense is $1,000, and income tax rate is 30%. what is net income?
$6,300 is the net income.
Net Income = Operating Income - Interest
Expense * (1 - tax rate).
Make a section for your non-operating operations and place it below your operating activities in the bottom section of your income statement. Include interest income and costs associated with the sale or acquisition of investments.
When calculating your non-operating income and expenses. The amount of income from operations in a multi-step income statement is always equal to net income. Net sales are calculated as sales less the cost of goods sold. Net income is the investments gross profit minus the selling costs. In that time frame, the cost of the supplies and raw materials used to make the items that were sold was $9M.
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which practice gives a company a sense of purpose beyond making a profit?
Conscious marketing gives a company a sense of purpose beyond making a profit.
What is conscious marketing?A customer-focused marketing strategy known as conscious marketing places its target market at the front of the priority list. Businesses conduct market research, examine consumer behavior, and pinpoint purchasing trends to create strong and creative marketing strategies to meet their customers' requests.
Businesses support the best purchasing decisions that have a big impact on their target customers' lives. With conscious marketing, they put greater emphasis on the preferences and needs of the customers.
Businesses can increase sales by prioritizing and putting their customers' needs first by using conscious marketing. However, we've highlighted a few reasons why businesses need conscious marketing in case you have any trouble comprehending the marketing.
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for which of the following decisions would marginal analysis be relevant? group of answer choices spending $1,000 on a summer vacation or on painting your house deciding how much to spend on a summer vacation buying a new car or a second-hand car eating dinner at home or going out to a restaurant for dinner
Newton and Descartes stay at home for five week the concept of fractions can be used to resolve this.In mathematics a fraction is used to express the component or percentage of the whole thing.
It represents the equally important parts of the whole.A fraction's numerator and denominator are both individual parts. The numerator is the number at the top, and the denominator is the number at the bottom.
The result is that Newton and Descartes get a 70-day summer vacation.
They spend 23 of their 70 vacation days at camp, which is equal to 23.
Next, they spend 6/35 of their vacation travelling, which is 70 x 6/35 = 12.
They therefore choose to spend the remainder of their holiday at home.
They now spend (35 + 7) weeks at home.
As a result, Newton and Descartes stay at home for five weeks.
Complete question:
For which of the following decisions would marginal analysis be relevant? group of answer choices spending $1,000 on a summer vacation or on painting your house deciding how much to spend on a summer vacation buying a new car or a second-hand car eating dinner at home or going out to a restaurant for dinner .How many weeks do Newton and Descartes spend at home?
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question mode multiple choice question comparing the most developed nations with less developed nations, one could conclude that the foundation of the economic system of most developed nations is: multiple choice question. perfect competition capitalism the command economy communism
"Comparing the most deve-loped nations with less developed nations, one could con-clude that the foundation of the economic sys-tem of most developed nations" is : capitalism.
Capitalism is often thought of as an economic system in which private actors own and control property in correspondence with their interests, and demand and supply freely set prices in mark-ets in a way that can ser-ve the best inter-ests of society. The important feature of capitalism is the motive to make a profit.
A developed nation also called an industrialized country has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident.
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mark corp. is building a new office building. the office building qualifies as a self-constructed asset. during the year, mark has weighted-average expenditures on the construction project of $1,500,000. although mark does not borrow money specifically to build the office building, mark has two loans outstanding during the year. loan a is for $400,000 at 9% interest, and loan b is for $2,000,000 at 6% interest. what is the interest rate used to capitalize interest on the office building?
Based on the given data, the interest rate used to capitalize interest on the office building would be 6.5%.
Weighted Average Interest Rate Calculation for Capitalizing Office Building Construction CostsMark Corp. is building a new office building, which qualifies as a self-constructed asset. During the year, the company has weighted-average expenditures on the construction project of $1,500,000. Although the company does not borrow money specifically for the construction, it has two loans outstanding during the year, Loan A for $400,000 at 9% interest and Loan B for $2,000,000 at 6% interest. To calculate the interest rate used to capitalize interest on the office building, a weighted average of the interest rates of the two outstanding loans is determined. This is done by multiplying the interest rate of each loan by the amount borrowed, summing the products, and then dividing by the total amount borrowed. In this case, the weighted average interest rate is 6.5%, which will be used to capitalize interest on the construction of the new office building.
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hindsight bias and overconfidence often lead us to overestimate the value of
Hindsight bias, cockiness, and our proclivity to see patterns in seemingly random events all lead us all to overestimate with us intuition.
In what ways does hindsight influence overconfidence as well as the tendency?Implicit bias is indeed a psychological condition that occurs when a person believes they correctly predicted an incident before it occurs. It leads to overconfidence with one's ability to predict future events, which may result in unnecessary risks. Hindsight bias can have a negative impact on decision-making.
What is one of the reasons people have hindsight bias?It may be easier for them to recall data that corresponds with what they already know. Metacognitive: When individuals are able to fully comprehend how and why an event occurred, that event may appear to be easily predictable.
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return on investment (roi) indicates the ratio of monetary gains an organisation has obtained in relation to the amount the organisation has invested. thus, roi is an example of a/an
Return on investment (ROI) is a performance metric used to assess an investment's effectiveness or profitability or to compare the effectiveness of several investments. ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
How is return on investment (ROI) determined?
Return on investment (ROI) is a rough indicator of how profitable an investment is. ROI is determined by deducting the investment's original cost from its end value, dividing the result by the investment's cost, and then multiplying the result by 100. Marketing analyses ROI to demonstrate how marketing activities and campaigns contribute to the company's bottom line
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Why did big business emerge during the industrial revolution?
In the late nineteenth century, big business grew as a result of the increased equipment power provided by new forms of energy like with the steam and electricity in larger facilities that concentrated production under one roof.
What kind of industry dominated the Industrial Revolution?During the Industrial Revolution, the railroad, oil, & steel industries were the three main industries. There were many positive effects, as well as several negative effects, of the growth of these three big industries.
What three elements fueled the development of large business inside the late 1800s?
Abundant natural materials (coal, iron, and oil); a plentiful labor supply; railroads; and labor-saving technology advancements are the main explanations for industrialization in the late 1800s. We also continued to flourish because of these resources.
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1. what are the central challenges facing al blanchard at grandview industries? 2. what should al blanchard do, in his leadership capacity, on behalf of grandview industries and its shareholders? 3 should the succession committee be changed or a new one created? should al and morris be involved? 4. does the interim ceo plan, with morris serving until a new leader is chosen, make sense or will it only exacerbate tensions between the siblings? 5. who should be selected to run the company and why? what challenges will the selected person face?
Al Blanchard, his family, and Grandview Industries are faced with three main obstacles: a lack of succession planning, a lack of training for future leadership, and deciding who should be included in the succession plan.
What is succession planning?Succession planning is a business strategy used by organisations to hand off leadership responsibilities to another individual or team of employees. Planning for succession ensures that businesses continue to run smoothly and efficiently even if important employees depart for better opportunities, retire, or pass away. Through succession planning, businesses can make sure they are fully prepared to progress all of their employees, not just those in management or executive positions. Planning for succession is a backup strategy. It frequently takes place. It therefore evaluates each leader's skills, identifies possible successors both inside and outside the organisation, and develops internal successors so they are prepared to take over.
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nolwenn limited has been diligent in ensuring that their operations meet modern control standards. recently, they have extended their control compliance system by incorporating policies and procedures that require the specification of company objectives, uncertainties associated with objectives, and contingency plans. nolwenn limited is transitioning from a to a control framework. 50) a) coso-integrated framework; cobit b) coso-erm; cobit c) cobit; coso-integrated framework d) coso-integrated framework; coso-erm e) cobit; coso-erm
The correct answer is COSO-Integrated Framework; COBIT. Option A is correct answer.
COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission and the COSO Integrated Framework is a widely recognized framework for enterprise risk management.
COBIT stands for Control Objectives for Information and Related Technology and provides a set of best practices for the governance and management of enterprise IT.
By incorporating policies and procedures that require the specification of company objectives, uncertainties associated with objectives, and contingency plans, Nolwenn Limited is transitioning to a risk-based approach, which is a key aspect of the COSO-Integrated Framework.
COBIT provides a complementary set of best practices for IT governance and management, which can support the overall control compliance system.
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3. if you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $5.75/gallon, or (3) accept a fixed price of $60 for gas. the local price is $3.50/gallon for gasoline, and you expect this car to get 25 miles per gallon. the car has a 20-gallon tank. what choice should you make if you expect to drive: a) 150 miles? (answer: select 1) b) 300 miles? (answer: select 1) c) 500 miles? (answer: select 3) d) how do your answers change if stopping at the filling station takes 15 minutes and your time is worth $15/hour? (answer: all the best options remain the same)
a) 150 miles: Return it with a full gas tank
b) 300 miles: Return it with a full gas tank
c) 500 miles: Accept a fixed price of $60 for gas
The best choice would be to return the car with a full tank of gas if you anticipated traveling 150 or 300 miles, as doing so would be less expensive than paying the increased price per gallon. On the other side, accepting the set price of $60 for petrol would be the greatest choice if you only plan to travel 500 miles, as the cost of filling the tank would be more than the fixed price of $60.
All of your best alternatives stay the same if stopping at the gas station takes 15 minutes and your time is worth $15 per hour. The best course of action in this case would still be to return the car with a full tank if you anticipate traveling 150 or 300 miles, and to accept the fixed price of $60 for gas if you anticipate traveling . This is because the time spent filling up the tank would not significantly affect the overall cost of the rental.
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deliberate practice is unnecessary to gain expertise. T/F
True Deliberate practice is unnecessary to gain expertise Having a growth mindset is made possible through deliberate thought, which interrupts the loop of negative default thinking.
Is deliberate practice required to become an expert?In every discipline, including writing, teaching, athletics, programming, music, therapy, medicine, chess, and business, deliberate practice is the key to mastery. But careful practice involves much more than just 10,000 hours.
Why is purposeful practice critical to mastery?Practice alone does not make perfect; purposeful practice does. Deliberate practice entails continuous, concentrated efforts for growth that begin with clear goals. For genuine improvement, self-reflection and repetition are essential, and long-lasting outcomes demand repetition.
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stakeholders are group of answer choices a new way to describe stockholders. individuals, groups, and organizations who have a stake in the success of the organization. creditors who hold a lien on the assets of the organization. attorneys and their clients who sue the organization.
Stakeholders are group of B: individuals, groups, and organizations who have a vested interest in the "success" of the organization.
Stakeholders can include employees, customers, suppliers, shareholders, local communities, government entities, and others who may be impacted by the organization's actions. Stakeholders have a stake or claim in the organization, meaning they have an interest in the organization's performance and outcomes. They can be positively or negatively impacted by the organization's decisions and actions, so it's important for the organization to consider their needs and perspectives when making decisions.
Effective stakeholder management is essential for building strong, mutually beneficial relationships and achieving long-term success for the organization.
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put the following job costing related events in the proper sequence
A costing technique called job costing is used to estimate the price of particular jobs that are carried out in accordance with the customer's requirements.
When it comes to task costing, the same approach that is typically used for a typical sale transaction is also appropriate.
Job costing-related occurrences in the correct order
1) The business creates a job to get ready to start manufacturing a product.
2) Raw materials are bought.
3) Raw materials are moved into WIP.
4) Direct labour expenses are incurred and added to the WIP.
5) Production overhead is credited to WIP
6) Work shifts from unfinished things as products are finished.
7) The task switches to the cost of goods sold when the product is sold.
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a textbook costs a bookstore $77, and the store sells it for $96.25. find the rate of profit based on the selling price.
If a textbook costs a bookstore $77, and the store sells it for $96.25, the rate of profit based on the selling price is 25%.
What Is Profit?Profit is basically the gain a company gets when selling a product, either goods or services. This profit can be calculated by subtracting the selling price of an item or service from the cost of production or capital when obtaining the product. To be able to calculate the rate of profit, the formula that can be used is:
Rate = 100% x ((Selling Price - Cost Price) / Cost Price)
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a new fitness company called jump athletics receives a trademark for its brand name. the trademark received by jump athletics is a___
A new fitness company called jump athletics receives a trademark for its brand name. the trademark received by jump athletics is a trademark registration.
What is trademark registration?Legally registering a trademark with the appropriate government body in charge of monitoring trademarks is the procedure of trademark registration. The exclusive use of the trademark for the listed products or services in the country in which it is registered is granted to the trademark owner as a result.
Following the submission of a trademark application and the trademark office's evaluation of the application, the registration procedure normally include a thorough search of existing trademarks to make sure that the proposed trademark does not infringe on any existing rights. If the trademark application is accepted, it becomes registered, and the owner may use the ® sign to show that the trademark is registered.
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at the end of 5 days, you repay your $1,000 loan plus $50 in interest. what is the ear? multiple choice question. 3,422.24% 2,534.17% 34.22% 1040%
According to the question of interest, the correct answer is 3,422.24%.
What is interest?
Interest is an amount of money charged by a lender to a borrower for the privilege of using the lender's money. It is typically expressed as a percentage of the principal, or original loan amount, that is charged over a period of time, usually a year. Interest can also refer to the amount earned by an investor on their investment, such as the return on a bond or a certificate of deposit. Interest is usually paid periodically, such as monthly or annually, and is usually calculated by multiplying the interest rate by the principal and the amount of time that the money is borrowed.
The interest rate is calculated by taking the total interest paid ($50) divided by the principal amount borrowed ($1,000).
In this case, the interest rate is 5%, so the effective rate (or EAR) is calculated by taking (1 + 0.05)⁵⁻¹.
This equals 3,422.24%.
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The many small choices we make daily about working or goofing off, using company phones and computers responsibly, and following safety rules, make it clear that ______ decisions start with each individual.
The numerous minor decisions we make every day about working or having fun, being responsible with corporate phones and computers, and adhering to safety regulations demonstrate that ethical judgments begin with each individual.
What specifies the conduct and procedures that all employees are expected to adhere to?A legal document known as an employee code of conduct outlines the proper conduct for people working for a company.
Which of the following actions would help a company's incidence of unethical behavior?By defining what actions are permissible and what are not, and by removing the opportunity to act unethically, ethical standards and rules can help prevent unethical behavior in the workplace.
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gross income includes: all realized income. all of these choices are correct. deferred income. excluded income. all income from whatever source derived unless excluded by law.
Gross income includes all income from whatever source derived unless excluded by law.
What is the concept of gross income?The salary, dividends, capital gains, company revenue, retirement payouts, and other sources of income are all included in your gross income. Adjustments to income can be made for things like tuition costs, interest on student loans, alimony payments, and contributions to retirement accounts. Just sum up all of the sources of income prior to any tax deductions or taxes. Gross income is the amount of money that is generated on a paycheck before taxes and other deductions are made. It includes all earnings from all sources, such as salaries, rental revenue, interest income, and dividends.
So, gross income includes all income from whatever source derived unless excluded by law.
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true or false: the process of leaving your money and any accumulated interest in an investment for more than one period is called multiplied interest.
The process of leaving your money and any accumulated interest in investment for more than one period is called multiplied interest - False
The process of leaving your money and any accumulated interest in investment for more than one period is not multiplied interest but compound interest. Compound interest can be ideally thought of as the accumulation of the loan's interest on top of the deposit's principal.
The interest on a loan or deposit is computed using both the original principal and the total interest accrued over the course of the loan or deposit's life. With compound interest, the principal is increased by the amount of interest paid in a given month, increasing the amount on which interest is paid in the following period. In contrast to simple interest, which grows linearly over time, this causes exponential growth.
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on january 1, 2023, ryan company paid the premium on a two-year insurance policy in the amount of $8,200. at that time, the full amount paid was recorded as prepaid insurance. after recording the adjusting entry for the insurance policy on december 31, 2023, what would be the balance in ryan company's prepaid insurance account?
On january 1, 2023, ryan company paid the premium on a two-year insurance of an accounting period, journal entries known as adjusting entries are routinely made to allocate income and costs to the period in which they actually occurred.
Using the revenue recognition concept, accrual-basis accounting adjusts entries for unearned and accruing revenues. Due to the fact that they are made on balance day, they are sometimes referred to as balance day adjustments.
data supplied
Policy term is four years.
$12,000 is the policy's amount.
The premium is due on January 1, 2013.
Date of Entry Revision: December 31, 2015
Now,
The period from January 1, 2013, to December 31, 2015, or three years, elapsed.
Therefore,
Amount to be recognised on December 31, 2015, as an insurance expense.
elapsed time equals $12,000
Total policy length = $12,000 times four minus $9,000
As a result, the balance in the prepaid insurance account is equal to $12,000-9,000, or $3,000.
Therefore, $3,000 is the answer.
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a manager has been experiencing challenges during a planning process and must implement strategies to overcome barriers that impede planning. what is the manager's best action?
A manager has been experiencing challenges during a planning process and must implement strategies to overcome barriers that impede planning. It was the manager's best action measure whether the goals and objectives are befitting and accomplishable.
What is manager?The term manager refers to manage the company. The manger responsibility and duty to manage the all the company work and guided the employees. The operation manager is to manage the new tasks and the lead to the project. The manager responsibility to complete the task on timeline.
According to the case, in the management the manager was the experiencing challenges during a planning process was the evaluated the planning outcomes or result. It was they must implement strategies was the objective and the goal are the accomplished or not.
As a result, the significance of the manager are the aforementioned.
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if a leader uses a different style of leadership with each of his followers, how might that lead to perceptions of favoritism? what could a leader do to avoid such impressions while still being adaptable to follower needs?
If a leader uses a different leadership style, the leader must be able to show that the style used is appropriate. Leaders must provide examples and proof of what they do.
In the term of economic and business, A leadership style generally can be defined as a leader's methods and behaviors. Leadership style can be used when directing, motivating, and managing others. Leadership style has a function to determine the strategize and implement plans while accounting for the expectations of stakeholders. Leadership style also be used to manage the team.
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which u.s. president presented the consumer bill of rights? a. jimmy carter b. ronald reagan c. john f. kennedy d. george h. w. bush
Option - C : john f. Kennedy was the US president presented the consumer bill of rights
President of the United States from 1961 until his period in 1963 was John Fitzgerald Kennedy. Kennedy had been a statesman from the United States. He was the youngest president when his term finished and the youngest person to be elected to the office. Four fundamental consumer rights— known as the Consumer Bill of Rights—were landed by President John F. Kennedy in a speech he delivered to the US on March 15, 1962.
In 1962, President John F. Kennedy initially presented the "Consumer Bill of Rights," which encapsulates the idea of professional regulation serving the public interest: The right to informed: to be shielded from the promotion of goods and services.
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suppose that the percentage change in demand is 10%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 3.33%. what is the price elasticity of demand? select one: a. 0 b. 1 c. 2 d. 3
The price elasticity of demand is b)1 which is calculated by using the price elasticity formula.
To calculate the price elasticity of demand, we must use the formula:
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
In this case, the percentage change in demand is 10%, the price elasticity of supply is 2, and the percentage change in the equilibrium price is 3.33%. Plugging these values into the equation, we get:
Price elasticity of demand = 10% / 3.33% = 3
However, because the price elasticity of supply is equal to 2, the price elasticity of demand must also be equal to 2 in order for the market to reach equilibrium. Therefore, the price elasticity of demand is 1.
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what would be the most cost effective channel of distribution for a very complex product, developed for a specific target market?
A very sophisticated product produced for a particular target market would have the most cost-effective distribution method as the direct channel.
Which distribution channel is the most efficient?One of the most well-liked and successful distribution methods is the shop. Stores that sell goods include grocery stores, department stores, specialist shops, and big-box stores. Retailers and marketers working together today have the option of putting their products in both physical and online storefronts.
Which mode of distribution is the quickest and most affordable?The best distribution method a company has at its disposal is e-commerce. The requirement for using various warehouses, distributors, and brokers to connect you with retailers and sell your product line rapidly declines.
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