The full question is:
Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods?
Answer:
He has a marketing concept and is acting on it.
Explanation:
A marketing concept is the way by which businesses identify the needs of customers and come up with strategic ways of meeting those needs better than competing firms.
Different marketing concepts include: production concept, product concept, selling concept, marketing concept, and the societal marketing concept.
In the given scenario Karl's sporting goods only catered for fly fishers but as demand for other items increased they branched into other outdoor sport items.
He is stocking gear for swimming, rock climbing, and mountain bikers through partnership with suppliers even if they are not his primary market.
This is acting on marketing concept to be able to meet demand for the other outdoor sporting activities he does not normally supply
Your brother has cooked the books and skimmed money because he has six kids, one ex-wife, and may lose his home. The corporation's ISP sues the corporation for defaulting on the Web design and hosting contract, which you signed, claiming that the corporation is a sham corporation. You and your mom are personally liable.
False
True
Answer
false (?)
Explanation
I have no explanation
True
Answer:
Explanation:
Did on Edg
Which type of ways and result in low moral amongst employees
What is the meaning of business opportunity
Answer:
A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.
hope this help you!! ;)))
As would-be Entrepreneur, you are tasked to identify your dreamed business,
one that involves your interests. Indicate who are your potential market, target
market, available market and/or penetrated market. Write your answer in the space
provided.
Answer:
My dream business is organic poultry farming.
Explanation:
It is my hobby to have different types of hen breeds. So I would like to invest in my hobby. I would like to have breeds of organic hens that will lay more eggs. I will also invest in fancy chickens which are widely used as pet in backyards.
It has great potential for growth, as people are nowadays moving towards organic foods. The organic poultry market has grown from $7.5 billions to $7.7 billions from 2019 to 2020. The growth recorded is almost 2% despite the breakout of virus. People would like to buy fancy chickens as pets because they lay eggs and look cute in the backyards.
The return on fancy chicken breed is much higher than an ordinary chicken breed that only lays egg. I will start from 1500 baby chickens and will around 50 chicken tractors in a large 8 kanal area. This chicken tractors will help me to keep the death rate of the chickens low and are helpful in lowering the spread of diseases. Furthermore, it is moveable which means my chickens will have fresh grass to eat.
I will buy a small van that will be helpful in managing the delivery of food requirement and egg supply to my customers. To lower the cost of organic feed I will grow many types of plants, herbs, grass, etc in the 8 kanal area that will meet the protien requirements of the chickens. I will also water the land daily so that the waste of the chickens are accessed very quickly to plants.
Their many other tactics that could be used like leasing the land for 2 years because it will lower the investment required, plantation of plants that will grow its value over time, use of thick sheets that will protect chickens from and use of thin sheet that will protect them from mosquitos, etc.
Note: I wasn't able to access complete questions so I think the above explanation of business idea will be very helpful for you to construct a business plan.
If you find the answer very helpful then don't forget to rate it. Thanks
A business model is a document that describes all the phases necessary for the effective operation of a business and the achievement of objectives, such as the business line, value proposition, potential market, etc.
Assuming that your dream business is creating a cafeteria near a college, we can identify the components of the venture:
Potential market:
Part of the market you hope to attract in the future.
Young people and adults aged 15 to 35 years old from neighboring cities.Target market:
The segment of individuals most likely to become your consumer.
Young students at XX College, aged between 17 and 27 years old.Available market:
It is the metric used to define the number of people able to buy your products.
Penetration market:
Evaluates the use of its products and services by its customers in relation to the products and services of its competitor
Therefore, when starting a business, you must analyze the viability of the business through a business model and plan that seeks to offer value to your potential market.
It is necessary to segment your market according to the consumer profile to develop a marketing plan that attracts, retains and delivers value to the consumer, in order to become well positioned and competitive in the market.
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write the use of hydraulic press
Answer:
Hydraulic presses are used for ;
ForgingClinchingMouldingBlankingPunchingDeep drawing Metal forming operations. Creating more intricate shapes Can be economical with materials.Explanation:
What are the characteristics of open and honest communication?
Answer:
being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.
Explanation:
i’m pretty sure the answer is speaking truthful thoughts
Please help me don’t write if you don’t know how to solve it
Answer:
see below
Explanation:
1. Business Revenue
Revenue is the income generated from normal business operations. In this case, normal business operations are selling T-shirts.
The shop sold 25 t-shirts at 70 Dhs each.
Revenue is quantity sold multiplied by sales price
i.e., Revenue = quantity sold x selling price per unit
=70 x 25 Dhs
=1,750 Dhs
2. Business total cost
Costs are the expenses incurred in producing goods intended for sale.
The cost of producing one t-shirt is 15 Dhs.
The cost of producing 70 t-shirts will be.
Total cost = total quantity produced x unit cost
= 70 x 15 Dhs
=1,050 Dhs
3. Business profit
Profit is the income earned from business operation after deducting the cost from the revenues.
I.e., profits = revenue - cost
For this shop
profits = 1,750 Dhs - 1,050 Dhs
Profits = 700 Dhs
How does cultural knowledge help a company achieve success?
Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?
a) $0
b) $1,000
c) $4,000
d) $50,000
Answer:
c) $4,000
Explanation:
The only funding needed is the difference between revenue and expense.
For year 1: funding required is $9,000 -$5000 = $4000
For year 2: funding required is$ 9,000 - $8000 = $1000
For year 3: funding required is $9000 -$10,000 = -$1000
cumulative funding = $4000, + $1000 + (-$1000)
=$5000 - $1000
=$4000
What are the limitations of an MkIS?
Answer:
Limitations do exist with an MIS, such as the expense to create and implement an MIS, training time for employees, lack of flexibility and capturing wrong or incomplete information.
Explanation:
Compare two options for saving money. Address the advantages and disadvantages of each option.
( i said business but it’s career)
HELP NOW PLEASE!!!! Which of the following distinguishes skilled workers in modern manufacturing from workers in Winslow Taylor’s time? (Select all that apply.)
collaboration
machine operation
teamwork
engineering skills
Answer:
engineering skills
teamwork
machine operation
odyssey
Explanation:
sorry if it's not right
In the fives C’s, how is cost different from price?
At includes the company's operating costs
Bit makes it easier to promote the product
It reduces the company's operating expenses
Dit includes all of the costs related to the product
Answer:
it includes all of the costs related to the product
Explanation:
in fives C, cost represent the total value of economic sacrifice that a business have to made in order to create the product. It includes things like the cost of materials, the amount of salary that need to be made to pay the employees who made it, the amount of money needed to operate machines to make it, etc.
Price on the other hand, is the amount of payment / compensation that the business expect from customers in exchange of obtaining the product. As a general rule to generate a profit, the Total price need to exceed the amount of cost of that product.
Galvin grew up on a farm. He worked on his father’s farm and then inherited the business when his dad retired. For which career pathway(s) would Galvin be most qualified?
A. Galvin is most qualified to work for a natural resource system.
B. Galvin is most qualified to work for a conservation science.
C. Galvin is most qualified to work for plant systems and animal systems.
D. Galvin is most qualified to work in agribusiness and power, structural, and technical systems.
C. Galvin is most qualified to work for plant systems and animal systems.
I hope this helps
Answer:
C. Galvin is most qualified to work for plant systems and animal systems.
Explanation:
A "good," according to the UCC is defined as _____.
identified at the time of contract
in existence at the time of the contract
moveable
all of the above
moveable
A good is a thing that can be given to the other party and is identified at the time of contract but need not be in existence at the time (like in crop futures) and not all identified things are goods (like services).
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Answer:
all of the above
Explanation:
i just took the test and that's the only explainable answer choice
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $300,000. During 2021, Halifax sold merchandise on account for $11,500,000. Halifax’s merchandise costs it 65% of merchandise selling price. Also during the year, customers returned $450,000 in sales for credit, with $250,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year. Required: 1. Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account f
Answer:
1. Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns.
to record returns from last year's sales:
Dr Refund liability 250,000
Cr Accounts receivable 250,000
Dr Inventory ($250,000 x 65%) 162,500
Cr Cost of goods sold 162,500
to record return liability for current year's sales:
Dr Sales returns and allowances ($11,500,000 x 4%) 460,000
Dr Refund liability 460,000
Dr Refund liability 200,000
Cr Accounts receivable 20,000
Dr Inventory ($200,000 x 065%) 130,000
Cr Cost of goods sold 130,000
HELP I NEED ANSER QUICK!! Choose a type of company you would like to work for or start-up yourself and then answer the questions below. a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points) b. Describe at least two categories you could group the company's target customers into if the company was using channel management. (1-2 sentences. 1.0 points) c. Describe at least two ways that the company might decide to treat those two categories of customers differently and explain why it might do that. (1-5 sentences. 4.0 points) d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)
Answer:
a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points)
The company would be a large company that has multiple locations. It would sell clothes.
b. Describe at least two categories you could group the company's target customers into, if the company were using channel management. (1-2 sentences. 1.0 points)
The company’s target customers would be for adults and people who like to dress fancy.
c. Describe at least two ways that the company might decide to treat those two categories of customers differently, and explain why it might do that. (1-5 sentences. 4.0 points)
The company might offer regular adults a rewards card or something. It might offer the people who dress fancy special discounts for things like their birthdays or holidays. I think it might do that because people who dress fancy are generally richer so they would want to keep that customer by offering exclusive discounts. The company would offer the regular adults a rewards card because it is more ordinary.
d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)
Yes it would lead to unfair treatment of some groups because it would mean that the groups with more money will get more discounts but the groups with less money will not get those benefits, so these groups would be jealous of the group that’s getting the discounts.
Explanation:
sorry i know its a lil late but for the people who need it in the future here you go...
a. The company would be a large company that has multiple locations. It would sell clothes.
b. The company’s target customers would be for adults and people who like to dress fancy.
Who are target customers?The type of person that a company wants to sell its products or services to is called the target customer. We need the right product to satisfy the needs of target customers.
c.The company could provide regular adults with a rewards card or something. It may offer people who dress up special discounts for occasions such as their birthdays or holidays. I believe it will do so because people who dress up are generally wealthier, and they will want to keep that customer by offering exclusive discounts. Because regular adults are more common, the company would provide them with a rewards card.
d. Yes, it would result in unfair treatment of some groups because it would mean that groups with more money would receive more discounts while groups with less money would not receive those benefits, causing these groups to be envious of the group receiving the
Therefore, all the questions are answered above.
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If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answer:
C. proper technology to keep the person connected
Explanation:
Answer:
C
Explanation:
Edge 2021
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?
Answer:
-1.5
Explanation:
Given the following :
Rothschild index = 0.6
Elasticity of demand for total market = - 0.9
Annual sale = $1,450,000
Elasticity of demand for a representative retailer's product :
Using the Rothschild demand Elasticity relation:
Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product
0.6 = - 0.9 / Elasticity of demand for a representative retailer's product
Elasticity of demand for a representative retailer's product = - 0.9 / 0.6
= - 1.5
what are the basic element of selection of profession describe any two of them
Answer:
Basic elements of selection of profession are:
i. Knowledge
ii. Skill
iii. Demand
iv. Importance
v. Scope
vi. Interest
Knowledge: A person must have knowledge about the profession while selection. If a person has knowledge about all the basic things, and key factors which can help him to get success and run the profession properly then he/she can get achievement in profession. But if a person doesn't have knowledge while selecting profession of his/her kind he/she will be failure in the profession. So knowledge is a very important element of selection of profession.
Demand : A person should select a profession which is highly demanded in society. If a person is knowledgeable and skilled then it will be beneficial for him/her to select a profession according to the demand of people. When a skilled person involves in a job concerning the demand of people he/she can earn so much profit because of the popularity and reputation of the profession. In this way, demand is also an important elemeny of selection of profession.
Explanation:
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Knowledge, skill, demand, importance, scope, and interest are the fundamental factors in choosing a vocation.
What is knowledge?Knowledge is frequently interpreted as being aware of facts or as having practical abilities, but it can also entail being familiar with things or circumstances. Propositional knowledge, also known as knowledge of the facts, is frequently characterized as a true belief that can be distinguished from opinion or conjecture by the use of evidence.
When choosing a profession, a person must be knowledgeable about it. A person can achieve in their profession if they are knowledgeable about all the fundamental concepts and important elements that can help them succeed and manage their profession effectively. However, a person will fail in their chosen profession if they don't have information when choosing a profession that suits them. Therefore, choosing a vocation requires careful consideration of knowledge.
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Which of the following is most likely to be a primary data source:
a. A sales invoice
b. A customer record
c. An expense report
d. A customer survey
Answer:
d. A customer survey
Explanation:
Data collected by researchers for the first time for a specific study is primary data. A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.
Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.
What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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Which is a requirement for an acceptance?
mirror image of offer
intent to contract
communicated
all of the above
All of the above
The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.
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Explain an Argument In the section "Consequences of Ending Rent Control," you read that most economists argue that the benefits of ending rent control exceed the costs. Do you agree? Why or why not?
Answer:
Disagree Option
Explanation:
Setting prices ceilings on rent can cause the balance in supply and demand to fall short of each other. For example, let's say the equilibrium for supply and demand was 5 apartments for $100 a month and that the supply at $100 was 5 apartments. If you created a price ceiling at $90, this would cause a greater demand but less of a supply generating an apartment shortage.
PLEASE HELP YOU DONT HAVE TO ASNWER ALL OF IT IF YOU CANT
1. Describe the nature and types of business.
2. What are the economic factors influencing the communication industry as a whole, and how does this impact the economic base?
3. Explain ethical conduct and describe one way you exhibit ethical conduct.
4. Describe copyright laws in relation to fair use of materials and duplication materials.
Answer:
All answer is nou XDDDDDDDDDDDDDD
A business buys motors that it uses to make blenders and mixers. The motors are an example of?
Answer:
components
Explanation:
Components are goods used as materials in manufacturing other products. They are finished products in the real sense but are used as parts in making other products. Components are usually by an original equipment manufacturer and sold to other manufacturing companies or consumers as spare parts.
Motors are complete goods manufactured by an original equipment manufacturer. The manufacturer sells the motors as components to be used in the production of blenders. The motors are, therefore, material used in the making of blenders.
what degree is this?
a degree awarded by a university after completion of 2 or more years of work beyond a masters degree
Answer:
doctorate
Explanation:
Identify which account would be debited and credited to record each transaction occurred at Forever Green Lawn Service. The first transaction has been completed as an example. Transactions Debit Credit Ex. Issued a check for monthly rent. Rent Expense Cash 1. Purchased supplies on account. Supplies Accounts Payable 2. Purchased new equipment, issuing a check for a down payment, with balance due in thirty days. Equipment Cash, Accounts Payable 3. Provided services on account. Accounts Receivable Fees Income 4. Purchase supplies for cash. Supplies Cash 5. Issued a check to pay a creditor on account. Accounts Payable Cash 6. Collected payment from credit customer. Cash Accounts Receivable 7. Issued checks to pay employees their monthly salaries. Salaries Expense Cash 8. Performed services for cash. Accounts Receivable Fees Income 9. Received cash for damaged supplies returned. Cash Supplies 10. Issued a check to pay the telephone bill.
Answer:
1. Debit Supplier Account
Credit Payable
2. Debit Equipment
Credit Cash
3. Debit Accounts Receivable
Credit Fees Income
4. Debit Supplies
Credit Cash
5. Debit Accounts Payable
Credit Cash
6. Debit Cash Accounts
Credit Receivable
7. Debit Salaries Expense
Credit Cash
8. Debit Accounts Receivable
Credit Fees Income
9. Debit Cash
Credit Supplies
10. Debit Telephone Expense
Credit Cash
Explanation:
1. Debit Supplier Account
Credit Payable
2. Debit Equipment
Credit Cash
3. Debit Accounts Receivable
Credit Fees Income
4. Debit Supplies
Credit Cash
5. Debit Accounts Payable
Credit Cash
6. Debit Cash Accounts
Credit Receivable
7. Debit Salaries Expense
Credit Cash
8. Debit Accounts Receivable
Credit Fees Income
9. Debit Cash
Credit Supplies
10. Debit Telephone Expense
Credit Cash
Many workplace safety rules are created by which government agency?
Answer:
Legislation
Explanation: The Occupational Safety and Health Act of 1970 created OSHA, which sets and enforces protective workplace safety and health standards. Employers also must comply with the General Duty Clause of the OSH Act, which requires them to keep their workplaces free of serious recognized hazards.
rship
If two or more people own a business equally, it is called a
O corporation
O sole proprietorship
O partnership
O limited liability company
Answer:
Partnership
Explanation:
A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.