In an equilibrium market, the prices balance the marginal benefit and marginal cost of consuming and producing a good or service.
What is equilibrium?Equilibrium simply means when demand and supply are balanced.
When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the marginal benefit and marginal cost of consuming and producing a good or service.
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Why can most people in Hospitality and Tourism careers succeed with a secondary education as their highest level of education? Most workers will start advanced jobs with this level of education. Most workers are working on a seasonal basis in Hospitality and Tourism careers. Most workers receive on-the-job training to learn what they need to know. Most workers take post-secondary classes to work in Hospitality and Tourism careers.
Most people in Hospitality and Tourism careers get success with secondary education only as they receive on-job training to learn what they need to know.
What is a Hospitality and Tourism career?Hospitality and Tourism career jobs involve providing planning, management, food, recreation, travel, and similar services. These jobs provide higher monetary perks.
No minimum education is required to get a job in a hospitality and tourism career. This industry values experience more than education.
People are more likely to get success in hospitality and tourism as they learn and update themselves while doing the job. On-job training is an essential advantage of these careers.
Therefore, the correct option is c.
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After establishing values statement, what is the next step in planning?.
The next step in planning after establishing values statement is : How to accomplish the established goals.
What is planning process?Planning process refers to a management process concerned with defining goals for a company's future direction and determining the resources required to achieve those goals. The planning process is the step a company takes to develop budgets to guide its future activities.
The management of any organization can be classified based on roles and responsibility as stated in the organization's charter. The next step is deciding how to accomplish the established goals.
Therefore, the next step in planning after establishing values statement is : How to accomplish the established goals.
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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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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:
Determine the efficient market being discussed in each of the following situations.
1. PSE provided all the necessary informations needed by the traders both public and private in the price of stocks.
2. Ms. Kayecee is a regular trader of stocks in the market. Based on the data presented to her, stock prices reflected all past market trading and historical information only.
3. Under this theory, investors still cannot gain systematic profits even if they gather information that is not yet publicly known.
4. Mark, Michael and Marianne are activetly engaged in trading stocks. Based on the reflected stock prices information available include the product, management team, financial statement, competitors and industry.
5. One hundred traders attended the bidding for the newly offered shares. These traders had access on the past
Answer:
1. Strong
2. Semi-strong
3. weak?
4. Strong
5. weak
Explanation:
Not sure about 3
Some promises do not support a bargained-for exchange and will not support contractual consideration. Such promises are called __________.
The promises do not support a bargained-for exchange and will not support contractual consideration are called Contracts that are not supported by consideration.
What is bargained for exchange?The act of bargained for exchange is known to be the exchange between parties that are said to be engage in a contract in that it often leads to an enforceable contract.
Note that Contracts that are not supported by consideration are said to be usually not enforceable.
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Pedro is crafting a business message outlining several important sales results. Which guideline for navigational design should Pedro employ to improve the ease of reading for his colleagues?
The guideline for navigational design which Pedro should employ to improve the ease of reading for his colleagues is:
Avoid headings.What is a Business Message?This refers to the type of communication where there is the information dissemination among several staff, which includes employee-employer with the aim of spreading information.
With this in mind, we can see that there is a need for Pedro to improve the ease of reading of his colleagues and thus the business message which he should send which is the guideline for navigational design is to avoid headings.
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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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The Unified Coordination Group:_____.
A. Directs the tactics employed at the incident site.
B. Provides coordination leadership at the Joint Field Office.
C. Is a state-level group comprised of the heads of each Emergency Support Function (ESF).
D. Is a temporary Federal facility.
The Unified Coordination Group are known to provides coordination leadership at the Joint Field Office.
What is the work of Unified Coordination Group?The Unified Coordination Group is regarded as the basic Federal or State organizational structure that is tasked with the work of managing and supporting in terms of disaster response operations at the field level.
The unified command group was said to be formed as a kind of strategic decision-making body in cases of emergency and disaster response in the state.
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Every Saturday, Martin and hundreds of other shoppers visit Home Pro, a home improvement supply store, to buy supplies for their home improvement projects. These shoppers are ________ of Home Pro.
The shoppers that are illustrated in this scenario are simply the customers of Home Pro.
Who is a customer?A customer simply means a person that purchases a good or service from a business.
In this case, Martin and hundreds of other shoppers visit Home Pro, a home improvement supply store, to buy supplies for their home improvement projects.
Therefore, these shoppers are the customers of Home Pro.
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Giraffes use their extremely long necks to reach the leaves high up on acacia trees, which other animals cannot reach, giving them a food source for which they have few competitors. What can you conclude about natural selection from this observation
Answer:
The giraffes with the longest necks survive and produce offspring.
Explanation:
I took the test and it was right.
If you dont mind I know this is an older question, but can you give me brainliest? and 5 stars so that the other people know its right immediately when they look at it. Thank you.
A ________ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service. feature brand line extension package value chain
Answer:
A __brand______ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service. feature brand line extension package value chain
Explanation:
have a great day ahead ":)
The United States has raised the taxes on tomatoes imported from Mexico. These taxes are an example of a(n) Group of answer choices subsidy referendum antidumping policy. local content requirement. tariff.
The taxes by the United States are an example of tariff.
Where does the US get tomatoes?
The country of Mexico is known to be the leading exporter of fresh tomatoes to the United States.
A tariff is known to be the tax imposed by a country on the goods and services that is been imported from another country.
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Celebrate Corp. is an apparel company. After a slow start, it saw a steep rise in the number of its customers and a remarkable increase in its profits. However, with the launch of competing apparel manufacturers in the market, the profits of Celebrate have started declining. To sustain its growth in the market, the managers of Celebrate should _______.
To sustain its market growth, the managers of Celebrate Corp. should b. shift to aggressive brand advertising and open new branches.
What is aggressive brand advertising?Aggressive brand advertising involves the use of provocative tactics to generate and capture the attention of the intended audience (customers).
Aggressive branding draws attention to itself by creatively depicting competitors in a bad light.
a. suggest top management to reduce the number of employees in the company
b. shift to aggressive brand advertising and open new branches
c. distribute the company's products at limited outlets
d. focus on primary demand stimulation rather than advertising to the brand
Thus, to sustain its market growth, the managers of Celebrate Corp. should choose Option b.
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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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Cage Company had net income of $353 million and average total assets of $2,010 million. Its return on assets (ROA) is:
Based on the information given its return on assets (ROA) is: 17.56%.
Return on assetsUsing this formula
Return on Assets = Net Income/Average Total Assets
Where:
Net Income=$353 million
Average Total Assets=$2,010 million
Let plug in the formula
Return on Assets = $353 million/$2,010 million×100
Return on Assets=17.56%
Inconclusion its return on assets (ROA) is: 17.56%.
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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 organization may require high-quality data to avoid fines and penalties for non-conformance to regulatory requirements. True or false?.
It is true that an organization may require high-quality data to eliminate charges such as fines and penalties for non-conformance to regulatory requirements.
What are non-conformance regulatory requirements?Non-conformance regulatory requirements are defined as failing to fulfill one or more of ISO 9001's current standards.
Whenever a company found itself outside of regulatory bounds, it must address the issue before continuing operations.
However, It is true that an organization may require high-quality data to eliminate charges such as fines and penalties for non-conformance to regulatory requirements.
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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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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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Although successful entrepreneurs are more tolerant of uncertainty, they:___.
a. seldom start another business after a failure.
b. only allow themselves a short time frame to succeed.
c. always protect themselves from failure by taking out lots of insurance.
d. strive to take calculated risks.
Answer:
The answer is D
Explanation: Hope you have/had an amazing day today<3
Although successful entrepreneurs are more tolerant of uncertainty, they strive to take calculated risks for their entrepreneurial venture. Therefore, the option D holds true.
What is the significance of a successful entrepreneur?A successful entrepreneur can be referred to or considered as a person who owns and manages his or her business in such a way that it is able to reach optimum share in the market it works in, and becomes profitable with its organizational goals.
The organizational goals are framed with an intention of taking risks and making decisions with greater degree of consistency. In order to become profitable in much lesser time, successful entrepreneurs also take risks while making decisions, but with higher level of risk-reward assessment.
Therefore, the option D holds true and states regarding the significance of a successful entrepreneur.
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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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Nike is updating data about its many marketing segments for athletic shoes. The company uses a number of variables for segmenting the athletic shoe market, but is especially interested in consumer patterns of living as expressed through activities, interests, and opinions including the ways people spend time, the extent of their interaction with others, and their general outlook on life. Nike is currently evaluating _______.
Nike is currently evaluating the target Audience.
What Is a Target Audience?The target audience of a person is known to be a specific group of consumers that is said to be likely to want your product or service.
They are the group of people who one should see as one's ad campaigns. Target audience is said to be dictated by the age, gender, income, location, etc.
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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?
If something happens to alter the quantity supplied at any given price, then.
Change in quantity supply will lead to a shift in supply curve.
What is change in supply?Change in supply lead to a shift in the supply curve either to the left or right.
This occur in the price to quantity relationship which defines a supply curve.
This change often makes the supply curve becomes steeper and flatter.
Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.
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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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Rosario and pamela work together. They are also friends outside of work. Rosario and pamela are constantly texting each other. Their supervisor comments that, while this might be fine outside of work, it’s inappropriate to constantly text each other in the office. This is an example of:.
The fact that Rosario and Pamela are co-workers but also friends outside of work corresponds to a context of interactions, which is a process of interaction between two people, which can occur in different ways.
Interpersonal comunicationIt is defined as the exchange of information between two or more people through different channels and verbal or non-verbal signals.
In the workplace, therefore, interpersonal communication must occur in a professional and ethical way, so that there is maintenance of a strengthened organizational culture and based on cooperation.
The correct answer is:
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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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In addition to their illegal methods of gaining land in Central America, what other mistake did the United Fruit Company make, which resulted in the rapid spread of a banana fungus? What general business lesson could be learned from this mistake?
The rapid spread of the banana fungus was caused by monocropping and not quarantining farm machineries and crops.
What is Quarantine?This process involves the isolation of certain materials so as to prevent the spread of diseases.
This is important as it curbs the spread and ensures that large loss isn't recorded. In the case of the United Fruit company, it didn't happen which led to the proibelms faced.
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