Every dollar of spending by some buyer is a dollar of income for some
seller is why income must equal expenditure.
What is Economy?This is defined as all the activities related to production, consumption, and
trade of goods and services in an area.
Income is equal to an expenditure in an economy as a result of every
dollar spent by the buyer being equal to the dollar received by the seller
which makes option C the most appropriate option.
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For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Multiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs
In order to gain market share, some a firm whose product that has a large economic value do decides to charge the same price as competitors.
What is a market share?A market share refers to an industry percentage that is earned by a particular company over a specified time
In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.
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The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average wholesale prices of rival makers of action cameras in a particular geographic region when its average wholesale price is:.
Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.
When is a price considered competitive?It means that the price is better than others in the market for a certain good or services. It is lower than the average price offered by other sellers.The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.
In conclusion, option A is correct.
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One objective of export tariffs is to:___________
a) abide by the rules enforced by the WTO.
b) curb the competition offered by foreign firms to domestic firms.
c) reduce exports from a sector to ensure a
One of the objectives that export tariffs are imposed for is to c) reduce exports from a sector.
Why would exports need to be curbed?A government's first and foremost purpose is to protect its citizens and this includes ensuring that resources are available to do so.
If a resource is in short supply in a country and there is a need to protect its supply, the government would impose export tariffs to reduce the export of that good for the benefit of the local market.
In conclusion, option C is correct.
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When should an international division structure be used?.
The international division structure should be used when the firm wants to break into international business with minimal investment.
What is an international division structure?An international division structure is a structure that is built to handle all international operations by a division created for control.
In conclusion, this structure is usually adopted by firms that are still in the development stages of international business operations.
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An economic system based on the private ownership of property in which profit is pursued through the investment of capital and the employment of labor is called ___ .
Answer: It would be Capitalism
Explanation:Capitalism is an economic system based on the private ownership of the means of production and its profit-oriented operation. Central characteristics of capitalism include capital accumulation, competitive markets, pricing systems, private property, property rights approval, voluntary exchange, and wage labor.
What is purchasing power?
The amount of money someone wins.
The number of items someone is allowed to buy.
How fast someone can earn money.
What an individual can buy in terms of goods and services.
Answer:
What an individual can buy in terms of goods and services.
Explanation:
Purchasing power is the ability of a person to be able to buy goods or services
When attempting to evaluate the worthiness of a corporate level strategy, one would consider whether the:
There are different corporate level strategy. In finding out the worthiness of a corporate level strategy, one must know;
The businesses in the portfolio are worth more under the management of the company in question than they would be under any other ownership.What is Corporate Level Strategies?Corporate-level strategy is known to be a kind of process used to gain a kind of competitive advantage via the selection and management of different compositions of businesses competing in different industries or product markets.
Corporate strategies are known to be often expected to help the company to earn an above- average kind of profits and forms value for its shareholders.
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When attempting to evaluate the worthiness of a corporate level strategy, one would consider whether the:
-corporation earns a great deal of money.
-top management team is satisfied with the corporation's performance.
-businesses in the portfolio are worth more under the management of the company in question than they would be under any other ownership.
-businesses in the portfolio increase the firm's financial returns.
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First Rentals purchased office supplies on credit. The general journal entry made by First Rentals will include a:
The general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.
How are office supplies on credit recorded?Office supplies on credit means office supplies bought on credit by the firm.
In conclusion, the general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.
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The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year Enrollments 5 Years ago 15,000 4 Years ago 16,000 3 Years ago 18,000 2 Years ago 20,000 Last Year 21,000 What is the forecast for this year using four-year simple moving average
The forecast for this year using four-year simple moving average(SMA) is mathematically given as
Forecast for period of 4y=18750
Simple moving average(SMA)Question Parameters:
5 Years ago 15,000
4 Years ago 16,000
3 Years ago 18,000
2 Years ago 20,000
Last Year 21,000
Generally the equation for the four years SMA is mathematically given as
[tex]SMA=\frac{four years digits}{number of years}[/tex]
Forecast for period of 4y =[tex]\frac{16000 +18000 +20000 +21000 }{4}[/tex]
Forecast for period of 4y=18750
Therefore,the forecast for this year using four-year simple moving average(SMA) is
Forecast for period of 4y=18750
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I am wanting to get into the photographer business. I was wondering if anyone knows what good cameras I should buy at first and when still in high school?
Each of the following items would drive the need for layout planning except ______.
a) unspent annual budget at the end of the year
b) changes in volume or mix of outputs environmental or legal requirements
c) change designing new facilities accidents or safety hazards discovered
A new form of land use control that replaces zoning by land use type with zoning by building/development types is: Multiple Choice form-based zoning. PUD. performance requirements. impact fees. urban planning.
It should be noted that new form of land use control that replaces zoning by land use type is PUD.
What is PUD?A planned unit development can be regarded as the community of single-family homes as well as townhomes.
And in this set up every homeowner belongs to a homeowners association . It is a zoning by building/development types.
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Two consumers each earn $67,000 annually. One owns four motorcycles and enjoys hunting and fishing. The second plays golf weekly and drives an SUV. A marketing manager might target these two consumers as part of two different segments based on their ______.
A marketing manager might target these two consumers as part of two different segments based on their
LifestylesWhat is Lifestyle?This refers to the sum total of the activities which a person engages in that he uses to pass time or finds fun doing.
With this in mind, we can see that there are two customers who both have the same earning annually of $67,000 and they have different lifestyles as one enjoys hunting and riding motorcycles while the other prefers playing golf.
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Identify the three components of retained earnings.
The three components of retained earnings are
Net Income DividendsReinvestmentHow is this so?1. Net Income - It represents the profits earned by a company during a specific period after deducting all expenses, taxes, and dividends.
2. Dividends - It refers to the portion of earnings distributed to shareholders as a return on their investment in the company. Dividends are typically paid out of retained earnings.
3. Retained Earnings - It is the portion of net income that is retained or kept within the company for reinvestment in business operations, expansion, or to strengthen the financial position of the company.
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In head-to-head positioning a company positions its product to compete directly against competitor's products, while ________ positioning allows for more indirect competition.
Answer: differentiation
In head-to-head positioning a company positions its product to compete directly against competitor's products, while differentiation positioning allows for more indirect competition.
What is company's website?The website of the company has all web sites which has been operated by any occupied company or via any occupied company conducts the business. Any business website has a website that has been designed in such a way that it can represent the identity of a business on the internet.In head-to-head positioning a company positions its product to compete directly against competitor's products, while differentiation positioning allows for more indirect competition.
Company's name and fame id totally depends upon advertisement and its products and websites play an important role in order to make company popular and due to this reason company used the website or designed the website in unique and knowledgeable manner.
Therefore, In head-to-head positioning a company positions its product to compete directly against competitor's products, while differentiation positioning allows for more indirect competition.
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Part of the movement to humanize bureaucracy includes a. more rigid hierarchical structures. b. efforts to reduce the amount of informal activity in the workplace. c. putting organizational needs above competing responsibilities. d. efforts to reduce the number of people in dead-end jobs.
Part of the movement to humanize bureaucracy includes:
d. efforts to reduce the number of people in dead-end jobs.What is Bureaucracy?This refers to the rigid network through which an organization functions and operates through the use of official channels to accomplish tasks which can be viewed as tiresome and burdensome.
With this in mind, we can see that as part of the efforts to try and humanize bureaucracy, there have been efforts in place to try and reduce the number of people that work dead end jobs.
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A company whose HR practices result in the greatest good for the largest amount of people, respect basic human rights, and treat employees and customer equitably and fairly have practices that are considered to be ______. Multiple choice question. free from due process sustainable ethical in good conscience
When HR practices lead to human rights being respected and the greatest good being experienced by the largest amount of people, this is Ethical.
What is Ethical Human Resource management?This refers to implementing HR practices that will bring about basic respect for humanity.
For this to happen, the practices need to be fair, equitable, support human rights, and result in the greatest amount of good for a large group of people.
In conclusion, option C is correct.
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Due to a recession, the Acme Global Corporation has a labor surplus. It wants to find a way to reduce the surplus while both being fair to employees and being ready to respond to increased demand when the recession is over. Its best method for dealing with its surplus would be _______. Group of answer choices a. job sharing b. early retirement c. hiring freezes d. natural attrition e. skill increases
The best method Acme Global Corporation can use to deal with the labour surplus is job sharing.
What is a recession?
A recession is when the gross domestic product of an economy has been negative for four consecutive quarters. During a recession, there is depressed economic activities. As a result, there would a labor surplus.
One of the ways to deal with this labor surplus is to share the available jobs among available labor.
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________ is probably the most widely used of the many pricing methods available. a. Prestige pricing b. Skimming c. Partitioned pricing d. Markup pricing
Answer: your answer is Markup pricing.
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Setting a relatively high price to support a brand's prestige positioning is an example of which type of pricing objective?
The Pricing Objective described in the question above is Price Skimming. This is usually used when the market is not yet saturated with competitors. Hence, the supplier uses this to maximize profit.
What is Price Skimming?This is a pricing objective or strategy wherein the firm fixes the highest price possible on entry into a market.
This price is then lowered over time as more competitors enter into the industry. By this time, the firm has established brand dominance and gotten the rich of society to pay for the first products
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How can the stages of production be used to determine the most profitable number of workers to hire?.
The beginning of Stage III of production is when managers can determine the most profitable number of workers to hire.
What is Production?Production refers to the transformation of raw materials into finished goods as well as delivery them to the final consumers.
The three stage of production includes:
Primary stage: This involves extraction or derivation of raw materials from land, sea, mines etcSecondary stage: This involves manufacturing of raw materials into finished goodsTertiary stage: This involves the commercial services that support the production and distribution process,Now, since in short run. the labor is the factor that can only be increase to influenced output, then, the
In conclusion, the beginning of Stage III of production is when the managers can determine the most profitable number of workers to hire.
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Jason lost $3 a week on his investment for 7 weeks. Write a numerical expression that shows this situation.
The numerical expression to show the situation will be [tex]\rm x - \$21[/tex], where x is the total investment.
What is an investment?In business, investment means the asset acquired or security purchased to increase the wealth. Investments ensure future financial security.
The loss on investment decreases the value of the investment. The remaining value of investment of Jason can be represented as the total value of investment less the loss incurred.
Let the total value of investment be x. Jason suffered a loss of $3 for 7 weeks, the total loss therefore will be:
[tex]\rm Loss = \$3 \times 7\\\\Loss = \$21[/tex]
Therefore the value of the remaining investment will be:
[tex]\rm x - \$21[/tex].
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help help help help
Based on the different types of compensation and their determination, the following are true:
Wages - Paid by the Hour - Sarah's direct deposit. Commission - A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay. Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.Types of compensationWages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.
Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.
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The stage in the new product development process that consists of preliminary testing of a new product idea (rather than the actual product) with consumers is called:
Answer:
a concept test
Explanation:
Customer response time is: A. the time taken for value to be placed on a company's products by customers. B. the time taken for development of a new process for producing products and delivering them to customers. C. the time taken for given inputs to be converted into an output. D. the time taken for development of products that have superior attributes to existing products. E. the time taken for a good to be delivered or a service to be performed.
There are ways to treat a customer. Customer response time is the time taken for a good to be delivered or a service to be performed.
What is Customer response time?Customer response time is known to be the timeframe or period between the placement of a said order and the date of the delivery goods or services.
It is also known as the time between when a customer is said to makes a certain inquiry about a specific product or make a purchase of good or service and when it is said to be received by the customer.
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The Demand for Digital Movies. If the price of online movies increases from $6 to $8, total revenue _____, which means that demand is _____.
If the price of online movies increases from $6 to $8, total revenue increases, which means that demand is increases.
What is price elasticity of demand?The price elasticity of demand is known to be the percentage change that takes place when the quantity demanded of a good or service is said to be divided by the percentage change in the price.
The price elasticity of supply is known to be the percentage change in quantity that is supplied and it is divided by the percentage change in price of the commodity.
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Do you think you can live 30 days with $1,000? Explain
Answer:
Well, what's the situation do I have a place to stay? or am I just out in the wild? But anyway,
yes, I do think you can survive if you use the money wisely along with using your surroundings to your advantage.
Explanation:
There are more than 7 billion potential customers in 195 countries around the globe. Each country possesses unique materials and skills, and as technology advances, communication barriers are being brought down. Therefore: _________
With 7 billion potential customers in 195 countries globally, therefore, it is important to conduct business globally.
What is global business?
Global business or international business is the conduct of production and sale of goods and services between countries. Global businesses produce goods in different countries while selling domestically and internationally.
Thus, the potential benefits provided by the global population enable businesses to conduct business globally.
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According to the video, which of these restaurant workers have the most skills, training, and responsibilities?
Cooks
Chefs
Food Preparation Workers
Waiters
Answer:
chefs
Explanation:
chefs
Marsha and Antonio make a contract in which Marsha agrees to sell Antonio an expensive and rare piece of art. In the contract, Marsha states that she has the authority to enter into an agreement with Antonio, that she owns the piece of art, and that the art is authentic and not a forgery. These statements are examples of: ______________
a. covenants.
b. representations and warranties.
c. choice of law provisions.
d. riders.
Marsha and Antonio's statements are examples of representations and warranties, as in a contract for the purchase and sale of a work of art there must be agreements that protect and benefit the parties.
Features of a contractCorresponds to a formal and consensual document that must be based on legality to identify an economic transaction between two or more parties, establishing the rights and obligations of both.
Therefore, for it to be valid, the parties must be in full capacity and competence, in addition to the need for autonomy of will, the obligation and supremacy of public order.
The correct answer is:
B. Representations and warranties
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