A business is developing a new product, and the demands and preferences of the customer were taken into consideration during development. A corporation can draw in customers with the aid of advertising.
Who is the customer?
Customers are those who have purchased goods and services, and they are responsible for meeting their needs and wants in exchange for payment. With the assistance of the customer, the product information is delivered to the client.
Using market research to identify client demands and product preferences, a company successfully developed a product. the use of social media advertisements to appeal to a broad audience or the intended audience.
As a result, the buyer must draw attention to the product in social media advertisements.
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True/False: The most common reason that ethical problems occur in business is an overemphasis on long-run profit maximization.
Answer:
False
Explanation:
gdpest analysis: group of answer choices generally starts with identifying relevant changes in the environment and then analyzing how relevant changes in the environment are opportunities and/or threats to the firm or industry being analyzed focuses on analyzing and assessing the attractiveness of the industry in which the focal firm competes. focuses on analyzing and assessing the the firm's resources and capabilities all of the above.
option (A), Finding relevant environmental changes and then determining the extent to which they create opportunities or dangers for the company or industry under consideration are common steps in the GDPEST analysis process.
What precisely does a PEST analysis entail?PEST Analysis is a measurement method used to evaluate markets for a specific industry or product over a set time period. PEST stands for political, economic, social, & technical elements. When these factors are carefully taken into account, organizations are able to make more informed business decisions.
What procedures make up a PEST analysis?The fundamental objective of PEST analysis is to comprehend what external forces might have an effect on your organization and how those forces might create possibilities or threats for your business. PEST analysis offers benefits for Recognize the current external forces affecting the business so you may base decisions on data rather than speculation.
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which of the following types of bonds has specific assets pledged to guarantee repayment? multiple choice callable bond.
Collateralized bond
A bond type known as a collateralized bond is one that is supported by particular assets, or collateral, that have been pledged as security for the bond's repayment in the event of default. As a result, if the bond's issuer is unable to pay interest or principal, the bondholder may seize the assets pledged as collateral in order to recover their losses. Since the existence of collateral offers some level of investor protection, collateralized bonds are often viewed as being lower risk than unsecured bonds.
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which of the following indices is (are) market-value weighted? i) the new york stock exchange composite index
All common equities listed on the New York Stock Exchange are followed by the NYSE Composite Index in terms of price changes.
Which of the following indexes is weighted by market value?The most popular kind of stock market index, or market value weighted index (MVWI), gives participants weights based on the size (market cap) of the firm. The S&P 500, NASDAQ, and FTSE 100 are a few instances of this type of index.
What US index considers price weights?a. The Dow Jones
As a price-weighted index, the Dow Jones derives its value from the price per share of each stock divided by a common factor. Charles Dow established the Dow in order to provide a straightforward manner to display the average price of equities in the market.
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To discover how a target audience might react to a new ad campaign marketing executives ____________.
A) brainstorm among themselves.
B) conduct focus groups.
C) brainstorm with marketing executives from other firms.
D) start the campaign and then poll people on its effectiveness.
To discover how a target audience might react to a new ad campaign marketing executives conduct focus groups.
What is the focus group?A focus group is a research technique that is employed to gather comments and suggestions from a group of people regarding a certain good, idea, or service. The group usually consists of 8–10 individuals who are asked to share their ideas, feelings, and opinions during a discussion that is facilitated.A focus group is a small group interview with participants who have other characteristics or experiences in addition to having a comparable demographic. Their responses to queries posed by the researcher or assessor are investigated.A focus group is a research technique that assembles a small group of individuals to respond to questions in a controlled environment. The questions are intended to provide light on an interesting topic, and the group is selected based on predetermined demographic characteristics. It is one of four distinct interview kinds.Learn more about focus group refer to :
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TRUE OR FALSE commercial property purchased to rent to other is designed for residential living such as houses, duplexes, apartments, mobile homes, and condominiums.
Commercial property purchased for the purpose of renting to others, such as houses, duplexes, apartments, mobile homes, and condominiums, is incorrect.
What exactly is commercial property?Commercial property is immovable property used for business. Commercial property often refers to a building that houses businesses, profit-making land, and larger residential rental units. The designation of a property as commercial has consequences for financing, tax treatment, and the laws that apply to it.
Shopping malls, grocery stores, office buildings, manufacturing plants, and other businesses are all examples of industrial land. Commercial property efficiency, which includes sales prices, new construction rates, and occupancy rates, is frequently used as a proxy for economic activity in a specific region or economy.
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which of the following are reasons why marketing is important to economic growth and development? (check all that apply.)
Marketing is crucial to the expansion and development of the economy since it:
1.sales and consumer demand growth drive innovation
2.bolster entrepreneurship and small business growth, boost brand recognition and reputation, and promote globalisation.
Marketing stimulates consumer demand for goods and services, resulting in more sales and economic expansion.
- Marketing encourages innovation and the creation of new goods and services through consumer input and market research.
-Jobs in the marketing sector are available for specialists in advertising, market analysis, and product development.
-A company's success may be influenced favourably by effective marketing since it builds brand recognition.
-In order to compete with larger organisations, small firms frequently rely on marketing to reach customers.
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All businesses, including hotels and restaurants, attempt to provide the right amount of product or service to meet the existing desire for it. What is this called?
A. Supply relationship
B. Planned play environment
C. Disposable income
D. Supply and demand
All businesses, including hotels and restaurants, attempt to provide the right amount of product or service to meet the existing desire for it. This is called Supply relationship. Thus, the correct answer is option A.
What is Supply relationship?Supplier relationship management (SRM) is the :
systematic, enterprise-wide assessment of suppliers' strengths, performance, and capabilities in relation to overall business strategy, the determination of what activities to engage in with different suppliers, the planning and execution of all interactions with suppliers in a coordinated fashion across the relationship life cycle, to maximise the value realised through those interactions.The goal of SRM is to establish two-way, mutually beneficial relationships with strategic supply partners in order to deliver higher levels of innovation and competitive advantage than would be possible by operating independently or through a traditional, transaction purchasing arrangement.
Therefore, option A is correct.
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which of the following is the responsibility of the customer according to the shared security model?
Managing AWS Identity and Access Management (IAM) is the responsibility of the customer according to the shared security model.
What is AWS Identity and Access Management IAM?You may securely manage access to AWS resources with the aid of the web service known as AWS Identity and Access Management (IAM). IAM enables you to centrally manage the permissions that regulate who can access which AWS resources. IAM allows you to manage who has access to resources and who is authenticated (signed in) and authorised (has permissions).Two categories of managed policies exist: AWS managed policies - AWS creates and maintains managed policies. Managed policies that you establish and control in your AWS account are known as customer managed policies.IAM (identity and access management) makes ensuring that the appropriate individuals and job functions within your business have access to the resources they require to perform their duties.Completed question :
Which of the following is the responsibility of the AWS customer according to the Shared Security Model?
A
Managing AWS Identity and Access Management (IAM)
B
Securing edge locations
C
Monitoring physical device security
D
Implementing service organization Control (SOC) standards
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irms u and l both have a return on invested capital (roic) of 12% and each has the same amount of assets. firm u is unleveraged, i.e., it is 100% equity financed, while firm l is financed with 50% debt and 50% equity. firm l's debt has an after-tax cost of 4.8%. both firms have positive net income. which of the following statements is correct?
According to the statement, Firm L has a lower ROA than Firm U.
How is ROIC determined?A company's capital allocation to profitable initiatives or investments is measured using the concept of return on invested capital (ROIC). Divide net operating profit after tax by invested capital to obtain return on invested capital (ROIC).
Are ROIC and ROI the same thing?In contrast to ROIC, ROI is not the same. The term "return on investment," or ROI, refers to the amount of money a business makes from its investments. The term ROIC, or return on invested capital, refers to a more precise calculation that takes into account a company's earnings as well as its investments.
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Specializing and participating In international trade allows an economy to: Check all that apply. Increase the quantities of capital and consumer goods available to society. get more of a desired good by sacrificing greater amounts of some other good. circumvent the output limits imposed by its own production possibilities curve. divert high - skilled resources toward low - valued services.
The highest level of output for a given set of resources may be seen on the production potential curve, which is why it is so important.
What is meant by production possibilities curve?The production possibilities curve (PPC) is a graph that shows all the conceivable output combinations given the resources and technology available.
The production possibility curve is crucial because it can show the highest level of output for a given set of resources. This can aid economists in understanding and projecting a nation's or other unit's productive activities on a macroeconomic level.
The maximum amount of goods and services that can be produced in an economy is represented by a curve known as the production possibility curve. This is covered briefly in the curve's discussion. However, due to the scarcity of resources in nature, consumers must choose between many products that can be developed.
Therefore, the correct answer is option
c) circumvent the output limits imposed by its won production possibilities curve.
d) increase the quantities of capital and consumer goods available to society.
The complete question is:
Specializing and participating in international trade allows an economy to:
a) get more of a desired good by sacrificing greater amounts of some other good.
b) divert high-skilled resources toward low-valued services
c) circumvent the output limits imposed by its won production possibilities curve
d) increase the quantities of capital and consumer goods available to society.
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timothy works in the graphic arts departments and has received approval to upgrade his video card. the card has arrived, and you are ready to begin the upgrade by replacing the old video card with the new one in his workstation. to ensure your personal safety, which of the following should you do first?
Professional provider technicians use grounding straps to reduce the possibilities of electrostatic discharge (ESD) in the course of everyday computer maintenance work involving digital devices. These antistatic devices can be positioned round the wrists or ankle to ground the technician to the device being labored on
What be your top precedence when responding to emergencies and hazardous situations?When an emergency occurs, the first precedence is continually lifestyles safety. The 2d priority is the stabilization of the incident. There are many movements that can be taken to stabilize an incident and minimize possible damage. First useful resource and CPR with the aid of educated personnel can keep lives.
An antistatic gadget is any machine that reduces, dampens, or in any other case inhibits electrostatic discharge, or ESD, which is the buildup or discharge of static electricity.
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https://brainly.com/question/29383879#SPJ4FILL THE BLANK A company purchased equipment for $2,000 on account. The balance is due in 90 days. This transaction would debit the _____________ account, and credit the ____________ ___________ account.
A company purchased equipment for $2,000 on account The balance is due in 90 days. This transaction would debit the equipment account, and credit the accounts payable account.
What is an equipment account?Equipment is a noncurrent or long-term asset account which reports the cost of the equipment. Equipment will be depreciated over its useful life by debiting the income statement account Depreciation Expense and crediting the balance sheet account Accumulated Depreciation a contra asset account. Equipment is a tangible long-term asset that benefits a business over several years of use.
Equipment may be defined as all such instruments which are used for producing any product or machine or service.
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which of the following does a business exhibit when it describes itself in terms of goods and services rather than in terms of the benefits customer seek
Marketing myopia does a business exhibit when it describes itself in terms of goods and services rather than in terms of the benefits customer seek.
marketing Myopia is what?The marketing myopia Levitt refers to is a failure to understand what a company is doing for its clients. Often, businesses are oblivious to the future because they devote so much time, effort, and resources to what they are doing right now. One of the main contributors to marketing myopia is disregarding or ignoring what your customers want or expect from your business. Your company will progressively develop marketing myopia if you don't pay attention to the requests, recommendations, or feedback of your clients and, as a result, don't make any improvements to your goods or services.
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true/false. hasbro, incorporated, produces popular games such as trivial pursuit, scrabble, and monopoly. the following are several of the accounts from a recent balance sheet. required: indicate how each account normally should be categorized on a classified balance sheet. also indicate whether the account normally has a debit or credit balance.
The term balance sheet refers to a financial statement that shows a company's assets, liabilities, and equity at a particular point in time. The balance sheet forms the basis for calculating investor returns and assessing a company's capital structure.
Simply put, a balance sheet is a financial statement that provides a snapshot of what a company owns and owes and how much its shareholders have invested. The balance sheet can be used along with other important financial statements to perform fundamental analysis and calculate financial ratios.
A balance sheet is a type of financial statement that lists a company's assets, liabilities, and equity. One of the three primary financial statements used to determine a company's value is the balance sheet.
Gives a picture of the company's financial situation as of the publication date (what you own and what you owe).
The balance sheet follows an equation that equates assets to the sum of liabilities and equity. Fundamental analysts use balance sheets to calculate financial ratios.
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an attempt to understand the reasons that the football coach's salary is greater than the history professor's salary at western university is an example of a question of: please choose the correct answer from the following choices, and then select the submit answer button. answer choices deflation. inflation. microeconomics. macroeconomics.
The answer is Macroeconomics, an attempt to understand the reasons that the football coach's salary is greater than the history professor's salary at western university is an example of a question of macroeconomics.
Describe economics in plain terms.Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
How difficult or easy is economics?Learning new ideas like supply and demand, scarcity, diminishing returns, and opportunity costs in an economics course at the college level can be difficult. It calls for the use of critical thinking abilities as well as the acquisition of new vocabulary.
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which is a macroeconomic topic? please choose the correct answer from the following choices, and then select the submit answer button. answer choices the number of employees of cnn (the cable news network) the unemployment rate the price of gasoline the profit of general motors
Unemployment Rate is an important macroeconomic indicator that measures the percentage of people in the labor force who are currently without jobs but actively seeking employment.
It is a key indicator of economic health, as a high rate of unemployment suggests that the economy is not performing well and there is little job creation and consumer spending.
On the other hand, a low rate of unemployment indicates that the economy is doing well, with job creation and consumer spending increasing.
Knowing the current unemployment rate can help policymakers make decisions on how to manage the economy and address any potential economic issues.
Additionally, it can give an indication of whether the labor force is being utilized efficiently and what measures can be taken to improve labor productivity. Overall, the unemployment rate is an essential metric in assessing the state of the economy and making informed decisions.
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Milne Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $88. The current price is $98 per share, and there are 48 million shares outstanding. The rights offer would raise a total of $80 million.What is the subscription price? (Round the final answer to 2 decimal places.)
A total of $80 million would be raised via the rights deal. The cost of the subscription is 2.35.
What is the cost of the subscription?
At a set cost known as a subscription price, current shareholders may participate in a public company's rights offering. The price at which a stock's warrant holders can exercise their rights is also referred to by this term. A company may at different times issue warrants in addition to debt offers.
The cost of subscriptions may vary slightly from one owner to the next. The identical subscription price, which is frequently less than the underlying stock's current market value, will be paid by each shareholder. Shareholders can retain their proportionate ownership in the business by participating.
Calculation:
Ex-rights price = (current price × shares outstanding + amount raised) ÷ (current shares + amount raised/subscription price)
[tex]88 = \frac{(98*48+80)}{(\frac{(48+80)}{Subscription Price} )} \\88 = \frac{4784}{(\frac{(128)}{Subscription Price} )} \\\frac{128}{Subscription price} = \frac{4784}{88}\\ \frac{128}{Subscription Price} = 54.36\\Subscription Price = 2.35[/tex]
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fill in the blank. ___ is the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.
Controlling is the management process of comparing the actual performance of business operations to the plan and making changes as necessary to keep the organization moving forward and toward its objectives.
What does controlling mean in the management process?Parts of the controlling process in corporate management include planning, monitoring, and enhancing operations while managing cost control. Changes in the supply chain, customer demand, and other aspects that affect a business' ability to survive can all be negotiated by a business via a controlling process.
What part does management play in regulating?One of a manager's most important duties is controlling. Making sure that duties are carried out within an organization in line with the plans is what this includes. Furthermore, it ensures that resources are being used effectively and efficiently to achieve set goals.
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in the context of straight rebuy situations, to maintain strong relationships with customers and to ensure that they do not consider other suppliers, salespeople must___.
Give great customer service and stay in touch with consumers to learn about their needs and take care of any issues.
People or organisations that buy goods and services for their own or commercial purposes are considered consumers. Their demand drives the creation and provision of goods and services, which is why they are so important to the economy. Customer satisfaction and loyalty can be attained by offering high-quality products at reasonable prices, which can increase customer satisfaction and loyalty. Effective marketing and customer service are also crucial for attracting and keeping customers. To adjust their offerings and satisfy the shifting needs of the market, businesses must comprehend the needs and desires of their clients. Poor customer service and subpar goods can harm a company's reputation and push customers to rivals, whereas strong customer relationships and a positive reputation can encourage repeat business and word-of-mouth recommendations.
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FILL THE BLANK _______________ is typically the preferred marketing communications tool for business marketing, whereas ______________ is normally emphasized in consumer marketing situations.
Personal selling is typically the preferred marketing communications tool for business marketing, whereas advertising is normally emphasized in consumer marketing situations.
What is personal selling?
When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.
Personal selling is described as "the process of person-to-person conversation between a salesperson and a prospective customer, in which the latter strives to meet the latter's requirements by providing the latter with the chance to purchase something of value, such as a good or service." The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.
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Wanda Corp. currently uses a job shop process. It wants to maintain the advantages of this but increase efficiency. Wanda should investigate:
a. cellular manufacturing
b. job shop processes
c. mass customization
d. project process
Option C is correct. The fixed-position format is satisfactory used for the manufacturing of large products like airplanes, giant buildings, and ships.
Which type of enterprise would most likely use batch invoices?Batch invoicing is best for businesses that furnish a preferred or activities service. The offerings may all be grouped under a few line items on an invoice that needs no similarly explanation for the consumer to recognize what was once carried out and what they are paying for.
Product layouts can generate a giant volume of merchandise in a brief time. Cost. Unit value is low as a end result of the excessive volume. Labor specialization results in decreased education time and cost.
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a. Phil won $500 in the scratch-off state lottery. There is no state income tax.
b. Ted won a compact car worth $17,000 in a TV game show. Ted plans to sell the car next year.
c. Al Bore won the Nobel Peace Prize of $500,000 this year. Rather than take the prize, Al designated that the entire award should go to Weatherhead Charity, a tax-exempt organization.
d. Jerry was awarded $2,500 from his employer, Acme Toons, when he was selected most handsome employee for Valentine's Day this year.
e. Ellen won a $1,000 cash prize in a school essay contest. The school is a tax-exempt entity, and Ellen plans to use the funds for her college education.
f. Gene won $400 in the office March Madness pool.
The following amount the taxpayer must include in gross income are:
a. The gross income of Phil is $500
b. The gross income of Ted is $17,000
c. The tax are exempt because the entire award is excluded. The award is excluded because it was for literary, or charitable achievement, scientific, and the taxpayer immediately transferred the award to a qualified charity.
d. The gross income of Jerry is $2,500
e. The gross income of Ellen is $1,000
f. The gross income of Gene is $400
In the term of economic and business, the gross income generally can be defined as the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings. Gross income can be calculated by using the sum of all wages before any deductions or taxes.
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business units within an organization are resistant to proposed changes to the information security program. which of the following is the best way to address this issue?
The best way to address this issue is to effectively communicate the benefits of the proposed changes to the information security program to the business units. Explain how these changes will increase the organization's security posture and protect the confidentiality, integrity, and availability of its data and systems.
What dp you mean by information security program?
An information security program is an organized approach to protect organizational data, systems, and networks from cyber attacks. It involves implementing a set of policies and procedures that ensure the confidentiality, integrity, and availability of an organization’s information assets. The program includes risk management, incident response, identity management, and access control measures. It also includes employee training, security audits, and other activities that help organizations remain compliant with relevant regulations and standards.
Finally, work with the business units to develop an implementation plan that meets their needs.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
Why is it important to determine the objections?
Determining objections is important in a negotiation to anticipate and address concerns and tailor your approach, increasing the chances of a successful outcome.
Determining the objections is important in a negotiation because it allows you to anticipate and address any concerns or objections that the other party might have. By understanding the objections, you can tailor your approach and find solutions that meet both your needs and the needs of the other party.
In this case, knowing that Dr. Smith is a "thinker" personality type as per the Myers-Briggs Type Indicator may mean that he values logic, reason, and efficiency. When negotiating for a promotion, it is important to be able to articulate the benefits and added value that you can bring to the company in the new role. Additionally, highlighting your experience and contributions to the company so far can help to demonstrate your worth and commitment to the organization.
By anticipating and addressing any objections that Dr. Smith might have, you can increase the chances of a successful negotiation and ensure that both parties come away satisfied with the outcome.
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Assessment A Saved All-Star Automotive Company experienced the following accounting events during 2018: 19 8 02:49:46 1. Performed services for $15,900 cash. 2. Purchased land for $8,900 cash. 3. Hired an accountant to keep the books. 4. Received $49,000 cash from the issue of common stock. 5. Borrowed $11,800 cash from State Bank. 6. Paid $5,900 cash for salary expense. 7. Sold land for $11,800 cash. 8. Paid $4,900 cash on the loan from State Bank. 9. Paid $6,100 cash for utilities expense. 10. Paid a cash dividend of $2,900 to the stockholders. Required Chapter 1 - Assessment Saved January 1, 2018 19 Complete this question by entering your answers in the tabs below. 02:49:46 Required A Required B Prepare a statement of cash flows for 2018. Assume All-Star Automotive company had a beginning cash balance of $10,900 on January 1, 2018. (Amounts to be deducted should be indicated with a minus sign.) ALL-STAR AUTOMOTIVE COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Chapter 1 - Assessment a Saved Cash flows from investing activities: 19 . Net cash flow from investing activities Cash flows from financing activities: 02:49:45 Net cash flow from financing activities Ending cash balance < Required A Required B
The statement that details the company's cash intake and outflow is called the cash flow statement. Knowing this financial information is crucial.
What qualities define a company?
An group of persons who donate money or money's worth to a common fund and use it for a purpose is referred to as a company. It is a made-up individual that exists as a corporate legal entity, distinct from its shareholders or core members, and uses a single authentication method for its signature. As a result, it has a few distinct characteristics that set it apart from other forms of organisations.
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After discussions with your boss, you decide to focus your attention on advertising, one of the key promotional elements. Choose the type of media that you feel is the best channel for your advertising, keeping your target market and prior marketing mix decisions in mind.
The type of media that you feel is the best channel for your advertising is electronic media marketing mix decisions in mind. For this interactive channel with lots of media, costs are still rather affordable.
What is marketing mix?
As an element of an each- encompassing marketing strategy, a marketing blend encompasses numerous areas of emphasis. The expression constantly alludes to the bracket known as the four Ps, which firstly stood for product, pricing, placement, and creation. A foundational business model known as the" marketing mix" historically concentrated on the four Ps of product, price, place, and promotion (also known as the" 4 Ps"). The expression" collection of marketing instruments that the establishment utilizes to pursue its marketing objects in the target request" refers to the marketing mix.
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Candace just accepted her first job paying a $48,000 salary and is planning to take a $5,000 vacation cruise throughout Europe for 2 weeks. She is debating whether to take the trip now and finance it with a promotion from the travel company offering no payments for a year at a monthly periodic rate of 1%, or wait the year and save to pay for the trip. If she takes the trip now she will start her career 2 weeks late. Approximately how much would she save by waiting a year and not taking her unpaid time from work to travel?
$2,480.
$634.
$1,557.
$600.
how much would she save by waiting a year and not taking her unpaid time from work to travel: $2480, so the option A is correct answer.
Additional expenses if the vacation is taken right away
Paycut = 48000 x 2/52 = 1846.153846
Interest on a loan equals: Loan*APR*Number of periods
= 5000*1%*12
= 600
Total price = 1846.15 plus 600
= 2446.15
Option 1 = $2480 as there may be slight rounding off differences.
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what is the effect of an increase in investment spending on the overall price level in the aggregate-expenditure model? (this is a tricky question)
The income-expenditure model does not take into account price changes, so an increase in investment spending has no impact on the level of prices overall.
What is the income-expenditure model?
John Maynard Keynes developed the income-expenditure model as an economic theory to explain market swings. It asserts that the economy generates just what can be sold on the market and entails spending changes for goods and services. This model states that supply and demand-driven changes in production and spending maintain an economy stable. This idea is used by economists to plan production adjustments or estimate their marketing and production expenditures. Even though this formula presupposes price, wage, and interest rate stability, it may be useful to many financial experts.
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TRUE/FALSE. in 1973 and 1979, the u.s. federal government imposed price ceilings on gasoline which resulted in surpluses of gasoline.
False. The US federal government did not impose price ceilings on gasoline in 1973 and 1979, but instead imposed price controls as a response to the oil crisis.
The controls were intended to stabilize prices and ensure a fair distribution of gasoline supplies. However, the price controls resulted in shortages, not surpluses, as they led to a decline in production and refining of gasoline, and long lines at gas stations. The controls also resulted in widespread rationing and black market activity. The US government eventually lifted the price controls, but not before they contributed to the inflationary pressures of the 1970s and 1980s. In conclusion, price controls imposed by the US federal government on gasoline in 1973 and 1979 resulted in shortages, not surpluses, and had a significant impact on the economy.
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