Multiple market segments is the correct choice of the statement of two specific segmentation strategies are to identify (1) one product or (2) multiple products that can be served
Multiple Market Segments
It is a type of market segmentation that allows a company to offer products or services to different market segments through specific marketing actions. The application of a multi-segment strategy allows the commercial organization to select different ways to position itself in each of the market segments to which it is directed.
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Crowdsourcing is the process of providing insights to solve a program and crowdfunding is focused on coming together to raise funds.A. TrueB. False
Crowdsourcing is the process of providing insights to solve a program and crowdfunding is focused on coming together to raise funds. The given statement is true.
What is crowd sourcing ?The word "crowd sourcing" refers to a phenomena that includes the process of obtaining knowledge, skills, or finished goods from a specific group or groups of individuals.
Crowdfunding: The practice of obtaining finances or funding from a particular set or groups of various individuals is referred to as "crowdfunding."
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Exclusively giving on employees more tasks that are very simple in nature can have positive consequences on employee satisfaction with the job.
A. True
B. False
Exclusively giving on employees more tasks that are very simple in nature can have positive consequences on employee satisfaction with the job. This statement is true.
How does job satisfaction effect work performance favorably?increased productivity
Employees who are happier at work—regardless of their job titles or salaries—are more productive and efficient at what they do. This is true whether they are more satisfied with the organizational culture, the benefits they receive, or the recognition they receive.
The final line: contented workers tend to be far less likely to leave their jobs. Higher Productivity - Employees who express high job satisfaction typically produce more work, regardless of their position title or pay grade.
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Majority of the workers earning the minimum wage group of A. work full-time
B. are teenagers
C. are males
D. are females.
The majority of the workers earning the minimum wage D. are females.
White Americans make up the extensive majority of minimum wage people, at 832,000. Comparably, 226,000 minimum salary workers are Hispanic or Latino, observed by means of 146,000 being Black and 44,000 beings Asian.
Approximately 10% are young adults. The worker's maximum probably to benefit encompass substitute instructors, nursing assistants, grocery keep personnel, janitors, chefs, and different food training people and home fitness aides, EPI reviews. Women and minorities might particularly benefit from the bill.
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An advantage of the balanced scorecard framework is the ability to automate the flow of information on __________, so that executives are kept fully informed about business performance.
The balanced scorecard system has the advantage of automating the flow of information on key performance indicators so that executives are always up to date on corporate performance. Thus, the correct answer is Key performance indicators.
What is a key performance indicator?A performance indicator, often known as a key performance indicator (KPI), is a sort of performance metric. KPIs assess the success of a company or a specific activity (such as projects, programs, products, or other activities) in which it is involved. KPIs serve as a focal point for strategic and operational improvement, serve as an analytical foundation for decision-making, and aid in focusing attention on what is most important. In the ordinary decision-making process, the significance of such performance indicators is clear. When weighing many alternatives, a decision-maker must be able to appropriately analyze the present quo in order to foresee the effects of future actions.
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lemon inc has an existing bond. its par value is $1,000, its coupon rate is 8.0%. the bond is now selling for a market price of $980. calculate this bond's current yield: % . ( round your answer to the nearest two decimal places in a percentage. for example: if the answer is 2.22%, you should only put the decimal: 2.22 in the answer box, and leave out %) Use an attachment to show your work IF you want earn partial credit. Your Answer: Answer D Add attachments to support your work
The bonds current yields is 0.08
What is meant by current yield ?The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead than focusing on a bond's face value, this metric looks at its current price.
Yield, which is often represented as a percentage, is the overall profit an investment earns over a specified period of time. A holding's return is the amount it gains or loses over time based on the change in its dollar value. The yield is looking ahead while the return is looking back.
Given,
existing bond = 1000
coupon rate = 980
bond's current yields = 1000/980*8/100=0.08%
Therefore The bonds current yields is 0.08
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if the project's performance is expressed by this graph, which of the following could be a possible explanation of the project's performance?
If this graph expresses the project's performance. The statement the project is performing behind schedule and under budget is true.
What is graph ?A graph is a visual representation of data or information. It is used to display and communicate patterns, trends, and relationships in the data. Graphs are commonly used in various fields, including mathematics, statistics, economics, business, and science, to summarize and analyze data and to present results in a clear and concise way.There are many different types of graphs, including bar graphs, line graphs, scatter plots, and pie charts. Each type of graph is suited to different types of data and is used to highlight different aspects of the data. For example, a bar graph is used to compare data across categories, while a line graph is used to show trends over time. A scatter plot is used to show the relationship between two variables, and a pie chart is used to show proportions or percentages.To learn more about graph refer :
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the company showed a slightly investement in a fixed and intangible assets than the industry average g
Investing in assets can help the company increase profitability, create value for shareholders, and diversify its revenue sources. This is a positive sign for the company, demonstrating its commitment to investing in assets to remain competitive and reduce risk.
InvestmentA purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
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enny bank, a discount store, is highly competitive. when entering a new market, penny bank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail stores with less purchasing power out of the market. in this case, penny bank is using . group of answer choices
Penny Bank is reportedly using predatory pricing, according to the provided statement.
The definition of predatory pricingPredatory pricing is the practice of a supplier setting a price so low that other providers are unable compete and are forced to withdraw from the market. When a company does this, it initially makes a loss, but over time it makes money because it drives out competitors and possibly raises prices once again.
Purpose of predatory pricing.In the broadest sense, predatory pricing is described in terms of economics as a price cut that is only profitable when the predator acquires further market power by eradicating, punishing, or otherwise impeding the competitive behavior of a competitor or potential rival.
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Tangible products such as clothing, jewelry, and furniture have _____ properties, such as color, size, and style, which can be determined before purchase.
Answer:
physical
Explanation:
tangible products refers to physical ( things that are visible)properties
Problem 2 Condensed income statements for Werly Corporation are shown below for two years 2016 2017 $75,000 $90,000 Sales Cost of Goods Sold Gross Profit Operating Expense Net Income 45,000 54,000 $30,000 $36,000 15,000 15,000 $15,000 $21,000 Compute the corrected net income for 2016 and 2017 assuming that the inventory as of the end of 2016 was mistakenly understated by $5,000. 2016 2017 $
The corrected net income for 2016 is $35,000 and the corrected net income for 2017 is $21,000.
How to find net income ?To compute the corrected net income for 2016 and 2017, we need to determine the effect of the incorrect inventory on the cost of goods sold for each year.
For 2016, the cost of goods sold was $45,000, and the inventory was understated by $5,000. This means that the actual inventory at the end of 2016 was $5,000 higher than reported, or $45,000 + $5,000 = $50,000. The corrected cost of goods sold for 2016 is calculated as follows:
Corrected cost of goods sold = Beginning inventory + Purchases - Ending inventory
Corrected cost of goods sold = $0 + $75,000 - $50,000
Corrected cost of goods sold = $25,000
The corrected gross profit for 2016 is calculated as follows:
Corrected gross profit = Sales - Corrected cost of goods sold
Corrected gross profit = $75,000 - $25,000
Corrected gross profit = $50,000
The corrected net income for 2016 is calculated as follows:
Corrected net income = Corrected gross profit - Operating expenses
Corrected net income = $50,000 - $15,000
Corrected net income = $35,000
For 2017, the cost of goods sold was $54,000, and the inventory was not understated. The corrected cost of goods sold for 2017 is the same as the reported cost of goods sold, or $54,000.
The corrected gross profit for 2017 is calculated as follows:
Corrected gross profit = Sales - Corrected cost of goods sold
Corrected gross profit = $90,000 - $54,000
Corrected gross profit = $36,000
The corrected net income for 2017 is calculated as follows:
Corrected net income = Corrected gross profit - Operating expenses
Corrected net income = $36,000 - $15,000
Corrected net income = $21,000
Therefore, the corrected net income for 2016 is $35,000 and the corrected net income for 2017 is $21,000.
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zack was the beneficiary of a life insurance policy on his deceased wife. zack had paid $20,000 in premiums on the policy. he collected $50,000 on the policy when his wife died from a terminal illness. because it took several months to process the claim, the insurance company paid zack $53,000, the face amount of the policy plus $3,000 interest. zack must include $23,000 in his gross income.
zack was the beneficiary of a life insurance policy on his deceased wife. zack must include $23,000 in his gross income is False
What is gross income ?The sum of an individual's earnings before taxes or other deductions is their gross income, which is sometimes referred to as their gross pay on a paycheck. This covers earnings from all sources, not only work, and is not restricted to earnings in cash; it also covers earnings from the receipt of goods or services.For businesses, the terms gross income, gross margin, and gross profit are equivalent. On the income statement, a company's gross income is calculated as total revenue less cost of goods sold (COGS).When applying for a loan, people might also need to disclose their gross income.Gross income, as opposed to net income, is frequently used by businesses to assess the performance of their individual products.To learn more about gross income refer to:
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The Hudson Corporation makes an investment of $66,700 that provides the following cash flow:
Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Year Cash Flow
1 $33,000 2 33,000 3 21,000 a. What is the net present value at a discount rate of 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places.)
b. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
c. Would you make the same decision under both parts a and b?
Yes
No
The net present value at a discount rate of 10 percent is $6350.34, and the internal rate of return is 15.73174%.
Discount rate, (R)= 10% = 0.10
Year 1 cash flow, C1 = $33,000
Year 2 cash flow, C2 = $33,000
Year 3 cash flow, C3 = $21,000
Initial investment , I = $66,700
NPV = [ (C1/(1.10)) + (C2/(1.10)²) + (C3/(1.10)³) ] - I
= [(33000/(1.10)) + (33000/(1.10)²) + (21000/(1.10)³) ] - 66700
= [30,000 + 27272.72727 + 15777.61082] - 66700
= 6350.338092
= $6350.34
B - IRR is the rate of return for which NPV = 0
NPV = Present value of the project's cash inflows - initial investment
Putting NPV = 0
Present value of the project's cash inflows = initial investment
[(C1/(1 + IRR)) + (C2/(1 + IRR)²) + (C3/(1 + IRR)³)] = I
[(33000/(1 + IRR)) + (33000/(1 + IRR)²) + (21000/(1 + IRR)³)] = 66700
We must use the trial-and-error approach to determine IRR.
We want IRR to be such that by assuming any value and replacing it with the anticipated value in the equation above.
Left Hand side of equation(LHS) = Right hand side of equation (RHS) = 66700
By following this method we find that for IRR = 15.73174%
LHS = RHS
Hence IRR = 15.73174% or 15.73%
C - Due to the fact that NPV > 0 and IRR > discount rate, the project would be approved in both scenarios.
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dave's ohio-based company plans to use an advertising campaign including print ads, television ads, and billboards to promote their new product in london. once consumers in london start demanding the product, intermediaries will want to carry the product. this is an example of a blank strategy.
This kind of marketing is an illustration of a pull technique.
Pull strategy: what is it?A pull strategy is one that involves luring customers to you. Pull strategy is the application of pull techniques, or the dissemination of information, to draw in customers instead of forcing your product or service upon them. These customers typically begin to advertise your business for you. A pull marketing strategy, often referred to as a pull promotional strategy, is a marketing technique used by companies to draw clients to their products by raising demand for them. Making people want a particular product is the aim of pull marketing strategies.
A pull tactic example?A pull promotional strategy uses advertising to raise consumer demand for a product or service.
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Classify ABC Inc. transactions as either an operating activity, an investing activity, a financing activity, or a noncash activity.
Cash received from sale of goods.
A Financing Activity
Noncash Activity
MERCYCOLLEGE
KK
2 3
4
B
5
D
1 of 32
Socrative
6
Operating Activity
Investing Activity
7
8
9
> >
The classification are as follows: investing activity , investing activity , financial activity , operating activity, .financial activity, financial activity.
How would you describe financing?The process of raising cash or finances for any type of expenditure is known as finance. It includes directing various economic resources—such as credit, loans, and investment capital—to those parts of the economy that can use them more effectively.
What kinds of finance are there?There are two main types of external finance: equity financing, which really is funding given in return for a portion of ownership and possible future earnings, and bank debt, which really is cash that must be repaid, typically with interest.
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jason, lead salesperson for mainstream health company, knows that the demand for his largest selling product is highly elastic. in order to increase revenue from that product he should consider all the following actions except
in order to increase revenue from that product he should consider all the following actions are:
Raising prices
Running a buy one/get one sale
Revenue refers to the whole earnings an enterprise generates thru its middle operations like sales of services or products, rents on assets, habitual bills, interest on borrowings, and so on.
Sales are every other word for the amount of cash a corporation generates from its sales. revenue is most clearly calculated as the number of units offered increased via the selling rate. due to the fact sales do not account for prices or charges, an enterprise's earnings, or backside line, may be decreased than its revenue.
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. The free-rider problem is most likely to exist in a market in which goods are:
excludable and rival.
excludable and nonrival.
nonexcludable and rival.
nonexcludable and nonrival
The free-rider problem is most likely to exist in a market in which goods are:
non-excludable and non-rivalrous (option D) Free RiderThey are called parasitic consumers, is an individual who receives a benefit for using a good or service but avoids paying for it. That is, It is the person who creates the problem of the stowaway. They characterized because they do not reveal their preferences or how much they are willing to pay for a good or service, since they expect others to pay for them, this is also used in the stock market on the purchase of shares.
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which of the following would be recorded as a financial account transaction in a country's balance of payments?
A country's economic exchanges with the rest of the world are summarized in the balance of payments. The export and import of products, services, and financial assets, as well as transfer payments, are among these transactions (like foreign aid).
What constitutes a country's balance of payments account items?The balance of payments is made up of three parts: current account, capital account, and financial account.
The capital account in the balance of payments includes which of the following transactions?In the capital account, there are two different kinds of transactions: private and public. Direct, portfolio, and short-term investments are all included in private transactions. Loans from and to foreign governmental agencies make up government transactions.
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in any organization, for-profit or not-for-profit, span of control refers to the: number of managers at the highest levels in the organization. ceo and his or her management team. number of direct reports that a manager has. number of supervisors in a specific segment of a manufacturing activity. number of members elected or appointed to be on the board of directors.
The quantity of directors at the highest levels of any organisation, whether for profit or nonprofit, who reports directly to a direct boss is referred to as the range of control.
What precisely does a manager do?
According to the theory of management, an individual or a group must be challenged actively managed in order to attain desired goals and objectives. Organizing, supervising, and directing people is another aspect of management.
Why is management so important?
Simply said, without managers, businesses would fail. Managers contribute significantly to the sector by fostering growth with high-performing teams. Overall, because they participate in task management, managers will always be a crucial part of any company.
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TRUE/FALSE. regardless of the language of the contract, title to goods passes to the buyer at the time and place at which the seller physically delivers the goods.
The term is false in nature.
What is a contract?
The rights and duties of the parties are established, made clear, and governed by a contract, which is a legally binding agreement between two or more parties. A frequent element of contracts is the transfer of goods, services, money, or a commitment to deliver any of those later. If a contract is broken, the injured party may seek legal remedies including damages or revocation. Contract law, a division of the law of obligations that deals with contracts, is based on the idea that agreements must be upheld.
The deeds must be disclosed to both parties and both parties must understand the language in order for a contract to be considered legitimate.
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Kruger Pharmaceuticals uses printed brochures and a company website to promote its brand and products. This is an example of ______ media.
Kruger Pharmaceuticals makes use of revealed brochures and a organization internet site to sell its logo and products. This is an instance of owned media.
The required details about owned media is mentioned in below paragraph.
Owned media is described as the set of verbal exchange channels/stores that an entity (organization/individual) has whole manage over. It consists of homes which includes websites, blogs, e-mail newsletters, forums, and so on.Owned media is the house on your content material and acts because the guiding mild to the POEM model. Since you workout whole manage over your owned homes, you've got got the liberty to tweak your content material method and control the publishing time table consistent with the aid availability.
Owned media follows the pull advertising method (to growth call for for products), opposite to paid media. Rather than persuading the target target market to take an movement earlier than supplying them any value (push advertising), it first promises the value, regularly withinside the shape of content material, and lets in the target target market to behave each time they want.
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A report based on a review of interim financial information (IFI) would include all of the following elements except
A. A representation that the financial statements are the responsibility of the auditor.
B. A description of the procedures for a review of interim financial information.
C. A statement about whether the auditor is aware of any material modifications that should be made to the accompanying financial information so that it conforms with the applicable financial reporting framework.
D. An identification of the interim financial information reviewed.
A report based on a review of interim financial information (IFI) would include all of the following elements except A. A representation that the financial statements are the responsibility of the auditor.
Financial statements are formal records of the monetary activities and position of an enterprise, character, or different entity. applicable financial statistics are offered in a structured manner and in a shape that is simple to understand.
They may be: (1) stability sheets; (2) income statements; (three) coins float statements; and (4) statements of shareholders' equity. balance sheets display what a business enterprise owns and what it owes at a hard and fast factor in time.
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A popular format of business letters, called _____________________ style, aligns all parts on the left of the page.
A famous layout of commercial enterprise letters, referred to as block layout style, aligns all elements at the left of the page.
The required details about Block layout is mentioned in below paragraph.
Block layout is generally used for commercial enterprise letters. In block layout, the whole textual content is left aligned and unmarried spaced. The exception to the unmarried spacing is a double area among paragraphs (in preference to indents for paragraphs).Block layout is the maximum not unusualplace layout for a expert commercial enterprise letter. It’s the very best layout to apply and handiest to installation to your phrase processing program. The block layout is best for a cowl letter created to accompany a resume as a part of a process application. Keep analyzing to study greater approximately block layout cowl letters and overview examples and templates.
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concerns about other companies going after your consumers with a better quality and cheaper product is an example of: concerns about other companies going after your consumers with a better quality and cheaper product is an example of: technological factors economic factors competitive factors demographic factors
Competitive reasons include worries that rival businesses would target your customers with lower-priced, higher-quality products.
Which marketing strategy enables companies to obtain data so they can effectively compete?The efficacy of your marketing initiatives can be determined thanks to market research. We can create surveys to get consumer opinion on the style and feel of your marketing messaging. We can gauge consumer knowledge of and response to particular marketing initiatives and campaigns.
What underlying principles govern social media engagement's connected effect?People have a natural need to socialize. In social media, the connection is two-way. People can share information with one another using social media.
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The primary objective of the auditors' examination of accounts payable is to determine whether payments are made on a timely basis. TRUE/FALSE.
False, To ascertain whether payments are made on time is the main goal of the auditors' review of accounts payable. The evidence regarding accounts payable that is in the client's possession is typically viewed by auditors as being more trustworthy than the evidence regarding accounts receivable.
Any business should take account payable auditing very seriously. This process' main goals are to spot potential fraud, guarantee legal financial practices, and identify areas for development that could benefit the organisation as a whole.In general, auditors will check the accuracy, completeness, and compliance of the records and determine whether the accounts payable balance was properly disclosed on the year-end statement. These two together provide evidence that the company's records do, in fact, reflect the business accurately.An audit assertion known as a completeness assertion states that all transactions have been accurately recorded and include everything that should be in the financial statement. It is crucial for accounts payable audit assertions.Consequently, the primary objective of the auditors' review of accounts payable is to ascertain whether payments are made on time.
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The industry-low, industry-average, and industry-high branded operating benchmarks on p. 7 of each issue of the Footwear Industry Report O have the greatest value to the managers of companies earning above-average operating profits per branded pair sold in one or more geographic regions. O are of very limited value to company managers in making decisions to improve company performance in the upcoming decision round because the benchmarking data do not identify which companies have the lowest/highest costs and operating profit margins per branded pair sold. O are of great value to the managers of companies whose costs per branded pair sold are above the industry average benchmark in at least two of the four geographic regions. O always merit close attention because when these benchmarks signal that a company's cost of branded pairs sold, distribution and warehouse costs, or operating profit margins in one or more geographic regions compare unfavorably, managers are well-advised to take immediate corrective actions in the upcoming decision round. O are of particular value to the managers of companies looking for convincing evidence that their company needs to cut branded footwear prices and spend more money on marketing efforts so as to increase sales of branded footwear and gain a bigger share of the market for branded footwear in one or more of the four geographic regions.
The industry-low, industry-average, and industry-high branded operating benchmarks are of great value to the managers of companies whose costs per branded pair sold are above the industry average benchmark in at least two of the four geographic regions.
Which brand is most widely used?Samsung, a computer and electronics business, is currently at the top of the list, making it the highest-ranked non-US corporation on the list of the top 10 brands in the world in 2022. It overthrows the dominant search engine company , which comes in second.
What determines a brand's success?A few elements, such as a potent and instantly identifiable brand name, a distinct brand identity, and a clearly defined target market, contribute to the success of a brand. A successful brand also has devoted patrons who are eager to recommend it to other potential clients.
Why is branding crucial?In addition to being what leaves a lasting impression on consumers, branding is crucial since it lets customers and clients know what to anticipate from your business. It is a strategy for standing out from the competition and emphasizing what it is about what you have to offer that makes you the better option.
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Which of the following illustrates the correct sequential stages involved in creating an effective social media plan?
A. Define strategies, identify the target audience, and set social media objectives.
B. Identify the target audience, define strategies, and set social media objectives.
C. Set social media objectives, define strategies, and identify the target audience.
d. Define strategies, set social media objectives, and identify the target audience.
Set social media objectives, define strategies, and identify the target audience illustrates the correct sequential stages involved in creating an effective social media plan.
Which of the following describes the first step in developing a successful social media plan?Setting up specific objectives and targets is the first step in developing an effective social media strategy. You cannot evaluate your success or return on investment without goals (ROI). Your social media marketing objectives should all be SMART objectives, which stand for specific, measurable, attainable, relevant, and time-bound.
Create a list of the goals you have for your social media efforts as the first stage in your measuring plan. Social media can be used for a variety of things, such as disseminating news and information, responding to client inquiries, and interacting with a community.
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a seller-lessee and a buyer-lessor entered into a sale and leaseback transaction. the leaseback is classified as an operating lease, and the initial transfer meets the requirements for recognition of revenue from customers. when the transaction is not at fair value or based on market terms,
Both the seller-lessee and the buyer-lessor classify the leaseback as an operating lease, and the seller-incremental lessee's borrowing rate is 6% (the seller-lessee is unaware of the buyer-implicit lessor's interest rate in the leaseback).
Which of the following takes place in a sale-leaseback deal?
An asset is sold by an entity and immediately leased back from the buyer in a sale-leaseback transaction. The buyer then assumes the role of the lessor, while the seller switches roles.
When a sale-leaseback is involved, what kind of lease is typically used?
A net lease is typically utilised for a sale-leaseback because it lasts for a long enough amount of time for the investor to recover his money and turn a reasonable return.
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in the long run, given that the government pursues accommodative policy, the output level in the economy will equalbillion and the price level will equal. grade it now save
Increases go back to, & return to in the end, given that the government pursues an accommodative coverage, the output level in the economic system will equilibrium and the price stage will equal. grade it now keep.
If an economic system is stated to be in lengthy-run equilibrium, then actual GDP is at its potential output, the real unemployment fee will equal the natural charge of unemployment (about 6%), and the real charge level will same as the predicted fee stage.
The longer term is a time period in which all factors of production and costs are variable. in the long run, corporations are able to modify all costs, whereas in the quick run companies are most effectively able to persuade fees via changes made to production degrees.
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The pharmaceutical industry spends heavily not only on scientific research, but on marketing. Drugmakers send representatives to physician's offices and provides them with incentives to prescribe their drugs. These representatives show that the industry relies on __________ and uses a _______ strategy.
Select one:
a. Trade promotion/ Pull
b. Personal Selling / Push
c. Advertising/Pull
d. Advertising / Push
These representatives show that the industry relies on Personal Selling and uses a Push strategy. Option B.
Under this law, physicians are compensated for referring patients for services paid in whole or in part by government health programs, or for recommending the prescription or purchase of medically paid drugs. It is illegal to receive wholly or partially through government health programs.
To prevent the influence of pharmaceutical companies physicians must have a clear goal of caring for their patients. We must also avoid any form of gift or entertainment. As a recommendation, Kriger et al. Nearly every country in the world has banned DTC advertising of healthcare products such as medicines and procedures. A few years ago, pharmaceutical advertising in the United States was primarily aimed at physicians.
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honda is considering purchasing an updated version of tires they have been buying for one of their existing products. this will be an example of . honda is considering purchasing an updated version of tires they have been buying for one of their existing products. this will be an example of . new buy optional rebuy modified rebuy straight rebuy
Purchasing an updated version of tires they have been buying for one of their existing products is an example of modified rebuy.
What is a modified rebuy?
A modified rebuy occurs when a corporation reorders goods from a trusted vendor but requests changes to certain attributes such as features, design, packaging, quantity, or delivery timeframes. This modification reflects modifications to the supplier's or client's offered specifications.
When a new rival launches a new product with superior characteristics, this kind of purchasing scenario may arise. As a result, your business decides to update its offerings in order to remain relevant and competitive in the industry.
Rebuy purchases can be made in one of three ways: straight, modified, or new.
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honda is considering purchasing an updated version of tires they have been buying for one of their existing products. this will be an example of . honda is considering purchasing an updated version of tires they have been buying for one of their existing products. this will be an example of . new buy optional rebuy modified rebuy straight rebuy