A free enterprise system refers to : Economic assets that are privately owned and exchanged in an open market.
What is a free enterprise system?A free enterprise system refers to an economy, where the market determines prices, products, and services as compared to the government. This means that businesses and services are free of government control.
The free enterprise system allows for the privilege of individual ownership of property and the means of production.
Hence, a free enterprise system refers to economic assets that are privately owned and exchanged in an open market.
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The Work in Process Inventory account is found only in the ledgers of manufacturing companies. True False
It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.
What is work in process?Work in process refers to goods that are still being manufactured-not yet completed goods. This means that the goods are not yet fully produced but still at the stage of production.
Work in process comprises all inventory ranging from the beginning stage between raw materials inventory to be used and final products.
Hence, It is false that Work in Process Inventory account is found only in the ledgers of manufacturing companies.
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If a wine company decides to focus its specialty of creating its products to rely on other business partners to fill in the supply chain gaps, which strategy is this wine company creating?.
When a wine company focuses on creating products while relying on other business partners to fill in the supply chain gaps, it is creating b. a channel strategy.
What is a channel strategy?A channel strategy involves the use of the commerce chain to reach the end-users of the wine company's goods.
The company is not using a marketing strategy, which is broader in outlook nor a pricing strategy, which is one of the marketing strategies.
Answer Options:a. a marketing strategy
b. a channel strategy
c. a pricing strategy
Thus, the wine company is using a channel strategy so that it can concentrate on its specialty of creating unique products instead of directly reaching out to consumers.
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When supply goes up, price goes down and when price goes up, supply goes down. Products are elastic if price has a large impact on supply, they are inelastic if supply remains relatively constant due to fluctuations in price. This is call Answer: Demand of Supply Elasticity of Supply Neither
Answer:
A higher equilibrium price
DVDs at Target, Tee tried to remember the name of the action movie starring Harrison Ford as an archeologist so he could buy the DVD. Which step of the consumer decision-making process is this
The step of the consumer decision-making process which Tee made use of is:
e) Internal information searchWhat is Decision Making?This refers to the critical analysis which a person has to make about a particular thing which would help him to come to a conclusion and make a decision.
With this in mind, we can see that Tee made use of the consumer decision-making process to make him remember the name of the action movie which starred Harrison Ford and he used Internal information search.
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Julie stops at the grocery store to purchase detergent. Tide is her favorite brand, but if another detergent is less expensive, she buys it. This is an example of _____.
An ad for Colgate Visible White shows someone using the brand and getting whiter teeth. This is an example of
The advertisement by Colgate Visible White can be depicted as a cognitive learning.
What is cognitive learning?Cognitive learning simply means the change on knowledge attributable to the experience that the person has got.
It should be noted that the advertisement by Colgate Visible White can be depicted as a cognitive learning. Cognitive learning is an active process that engages the sense of the person.
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The purpose of _____ is to set goals and decide on the courses of action that will be used to achieve them.
Answer:
Planning
Explanation:
I think is the answer lmk if its wrong:)
Answer:
Planning
Explanation:
A low-cost provider strategy becomes increasingly appealing and competitively powerful when.
A low-cost provider strategy is said to be more increasingly appealing and competitively powerful only when it is difficult to achieve product differentiation in ways that have value to buyers.
What is Low-Cost Provider Strategy?A low-cost provider is known to be a method used when one aim or try to seeks to sell its products at the lowest price possible.
It is often done while still making a profit so that it can appeal to customers and make them to come to the market. It is known to often appeal to a broad market.
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Top management sets the vision for the organization and may work with others to establish a mission statement that outlines its.
Top management sets the vision for the organization and may work with others to establish a mission statement that outlines its product or service offering.
What is product offering?Product offering is a group of platform features which work together in order to deliver a specific value proposition for the end user. It is designed to deliver value to customers in terms of fulfilling their needs.
With regards, to the above, after top management have made their vision and mission known to the organization, the next step is to outline the company's product or service offering.
Hence, top management sets the vision for the organization and may work with others to establish a mission statement that outlines its product or service offering.
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Answer:
product or service offering
self-concept
Explanation:
General Motors got in trouble with one of its suppliers of trim because: a. It increased volumes so much that the supplier was no longer profitable b. It allowed its supplier to become too dependent upon it c. The supplier filed bankruptcy and ceased operations d. All of the above e. Only b and c
The reason General Motors got into trouble with a supplier was that a. It increased volumes so much that the supplier was no longer profitable.
What did General Motors do?In order to gain more customers, General Motors began demanding more trim in its vehicles.
Trim, which refers to including a lot of features in a car to make it more attractive, can be expensive to make. When General Motors made the supplier produce a lot of it, the supplier stopped making profit.
In conclusion, option A is correct.
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Taco Bell fast-food restaurant does not chop the lettuce and tomatoes and grate the cheese used to make its menu items, but hires someone outside the restaurant to perform these tasks. By _____ these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
A. outsondling.
B. unbundling.
C. remarketing.
D. demarketing.
E. insourcing.
If the company hires someone outside the restaurant to perform these tasks. By outsourcing these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
What is outsourcing?Outsourcing can be defined as the way in which a company or an organization decide to employ someone from outside of their organization to work from them.
Example a company can decide to outsource a person to work for them if they have too many uncompleted tasks to complete or when they have limited staff.
Therefore we can conclude that outsourcing has to do with recruiting someone outside a workplace.
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Timeturner corp. Is a company based in the united states that manufactures luxury wrist watches. By western standards, if the company uses sweatshop labor to make these watches, it is most likely to be considered:.
The action that's illustrated by the company by using sweatshop labor to make these watches us unethical.
What is ethics?It should be noted that ethics simply means the act of knowing right from wrong.
Ethics is important in business to portray a good image. In this case, the company uses sweatshop labor to make these watches, it is most likely to be considered unethical. This is bad for the image of the company.
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One of the challenges Uniqlo faced when moving to large cities in the United States was the expense of maintaining a building location in a downtown area that would be big enough to house all of the products it wanted to sell. This is an issue with:
The issue above, where expense of maintaining a building location in a downtown area serves as challenge that was faced by Uniqlo can be attributed to Capital requirements.
What is Capital requirements?Capital requirements can be regarded as the regulatory standards for banks, and this put them on check about how much liquid capital they must keep on hand.
Capital requirements is been used as a tool to tighten an economic after recession.
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Seth's Speakers had actual sales of $1,630,000 If break-even sales equals $935,000, Seth's margin of safety in dollars is ______.
Answer: $695,000
Explanation:$1,630,000-$935,000 = $695,000
In business strategy, ___________ strategy centers on how a firm will compete in a given industry and will position itself against its competitors.Group of answer choices FunctionalDivisional Corporate Business-unit
It should be noted that business strategy, Functional strategycenters on how a firm will compete.
What is Functional strategy?This is the strategy used by business to be able to compete in a highly compitive environment.
Therefore, it is required by company
in a given industry to position itself against its competitors.
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According to the CVP analysis model and assuming all else remains the same, profits would be increased by a(n) ______. Multiple choice question.
Answer:
decrease in the unit variable cost
Explanation:
Asking probing questions throughout an interview to find out what the applicant is like is called a/an:
The process of asking probing questions throughout an interview to find out what the applicant is part of an hiring process called Interviewing.
What is hiring process?An hiring process is also called recruitment process because its entails the process of choosing the quailified candidate out of total population/
In conclusion, the process of asking probing questions throughout an interview to find out what the applicant is part of an hiring process called Interviewing.
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How long after the irs accepts your return will it be approved?.
Answer:
When you receive confirmation that the IRS accepted your return, it means that they have reviewed your return, and it has passed their initial inspection. They verify your personal information and other basic items, like if your dependents have already been claimed by someone else.
Explanation:
The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as:
The amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.
What is disposable income?Disposable income is the excess income that remains after the consumer or income earner has paid for the necessities of life. The necessities of life include food, clothing, and shelter.
The consumer can use the disposable income to build up their budget and increase their savings.
Disposable income can be differentiated from discretionary income. Discretionary income includes the amount of income that the consumer can further spend, invest, or save after the payment of taxes and personal necessities.
Thus, the amount of money a consumer has left after paying for food, clothing, and shelter is referred to as Disposable Income.
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A group of private wealthy investors who help entrepreneurs finance a new business by investing anywhere from $50,000 to $2 million are called _____.
a. miracle investors
b. angel investors
c. angel investors
d. rich investors
e. none of the above
What does it mean when your tax return says acknowledged.
Answer:
Acknowledged: Your return has been submitted and accepted by the IRS/state.
Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract and delivers no coffee. Marie'sdamages will be:
Answer:
d. the difference between the market price of
the coffee and the contract price.
Explanation:
Damages can be described as the loss caused
by a breach of a contract. They are measured
and expressed in monetary units. Damages
arise because one person in a contract has
not fulfilled their obligation. As a resut, the
innocent party suffers losses or injury.
Damage compensation should take an injured
party to where they should have been if the
contract was not breached. For Marie, If the
contract was not breached, she would have
bought the coffee at $5 per pound. Her
damages would be the difference between thne
price she eventually paid for the coffee, and
the contract price of $5.
A manager acting in the role of a resource allocator will Group of answer choices decide how resources will be distributed among various individuals and groups within the organization. identify the various suppliers the organization will utilize to acquire resources. choose the best resources to most effectively and efficiently produce the organization's product or service. verify the quality of resources that pass through the organization. determine how organizational resources will be released in the environment.
The best way to decide the allocation of resources is to ensure that it identifies the best resources required for it to produce quality products and services. The answer, thus, is C.
What is the Allocation of resources?Allocation of resources has been defined as the distribution or apportionment of a company's productive assets across various uses.
This is important because, usually, the uses are many but the resources are limited.
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Which type of employee fraud is the most frequent? Question 48 options: A) Billing B) Expense reimbursement C) Skimming D) Non-cash E) Payroll
The type of employee fraud that is most frequent is Expense reimbursement fraud.
What leads to Expense reimbursement fraud?This refers to fraud or misappropriation that occurs when an employee overstates the amount of cash required to execute a business activity or that they have spent in executing an assignment for the company/ business.
Examples of business expense reimbursements are:
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Please help meee!!
People who write their goals down are statistically _________ likely to achieve them than those who do not.
A. less
B. more
C. equally
D. slightly less
This is in Career
Answer:
B because you're moreَ motivated to reach it
Flexible payments that change from month to month are referred to as: Multiple Choice budget variance. cash flow. fixed expenses. insolvency. variable expenses.
The Variable Expenses is an expense of flexible payments that change from month to month.
What is Variable Expenses?A variable expenses is an expenses that change over time such as sales commissions, direct labor costs, cost of raw materials etc.
Hence, the variable expenses is the expense of flexible payments that change from month to month.
Therefore, the Option E is correct.
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I need help with this last question can someone please help
Answer:
hope it helps
Explanation:
b. name of the benificiars/ insured
What is an example of a critical tool most small businesses would use for marketing?
a company website
internet telephone
skyp
dropbox
Answer:
a company website
Explanation:
this is so they can post it everywhere and people use this a lot for small businesses and big companies.
The less specific you are while writing your business messages, the greater the possibility that your readers will.
Not understand the messages or commands being given. They could choose to not ask for further information thus making it a higher chance they they will make a mistake.
Bianca is a product engineer at Argon Inc. She learns that the salary she receives is less than that received by the other product engineers in the company with similar qualifications and job experience as hers. As a result, she becomes unhappy with her compensation and feels demotivated. She later talks to her manager and asks for a raise. In this scenario, Bianca has experienced problems with _____.
In this scenario in which Bianca is unhappy with her remuneration and feels unmotivated, it can be said that she had problems with her internal equity.
Definition of internal equityIn a work environment, it means the form of treatment and equal remuneration of employees, whether related to salaries, benefits or internal relationship.
Therefore, in an organization with internal equity problems, there may be conflicts, demotivation and an increase in employee turnover, being essential the analysis and effective decision-making of the leader to solve this issue.
The correct answer is:
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