A. It puts up technology to make it possible for suppliers to share information about demand.
What is the major function of information technology in supply chain management?The main goal of information technology in supply chain management is to establish tight processes and information linkages across various business operations, including marketing, sales, finance, manufacturing, and distribution, both inside and between different companies.
What does supply chain management's customer relationship management entail?Managing a customer's interactions with a firm is the process of customer relationship management. Businesses can increase client retention, satisfaction, and loyalty thanks to it.
What do you mean by customer relationships?Customer relations, the culmination of all customer contacts and experiences, is the company-wide process of fostering strong relationships with your consumers.
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A. It puts up technology to make it possible for suppliers to share information about demand.
What is the major function of information technology in supply chain management?The main goal of information technology in supply chain management is to establish tight processes and information linkages across various business operations, including marketing, sales, finance, manufacturing, and distribution, both inside and between different companies.
What does supply chain management's customer relationship management entail?Managing a customer's interactions with a firm is the process of customer relationship management. Businesses can increase client retention, satisfaction, and loyalty thanks to it.
What do you mean by customer relationships?Customer relations, the culmination of all customer contacts and experiences, is the company-wide process of fostering strong relationships with your consumers.
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1. The is the best-known strategic performance measurement system. a. action-profit linkage (APL) b. balanced Scorecard (BSC) c. performance prism d. Cambridge performance measurement process
Balanced scorecard (BSC) is the best-known strategic performance measurement system.
A strategic management performance indicator known as the balanced scorecard (BSC) is used to identify and enhance different internal business operations and the results they have on the outside world. Balanced scorecards are widely used by businesses in the US, the UK, Japan, and Europe as a tool for measuring and providing feedback to organisations. Managers and executives must obtain and understand data in order to provide quantitative results. The decision-making of business personnel can be improved with the help of this knowledge. A balanced scorecard is a tool for strategy performance management. It is a well-structured report that managers can use to keep tabs on how the employees under their supervision are carrying out their duties and how these decisions are having an impact on the business.
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Isabela is single and turned 72 years old on October 1, 2022. Isabela worked as a librarian at the local library and earned wages of $7,500. Isabela also received Social Security benefits of $16,000. She received a taxable pension of $13,000. She retired from her previous job on October 30, 2019. During her career she contributed pretax dollars to a qualified 401(k) retirement plan through her employer. Isabela cannot be claimed as a dependent by another taxpayer. Isabela is a U.S. citizen with a valid Social Security number. 10. When must Isabela begin taking her first required minimum distribution?
Isabela must begin taking her first required minimum distribution (RMD) no later than April 1, 2023.
Hundreds of millions of individuals are familiar with the most common type, which is the regular Social Security card. It is given to both citizens and noncitizens of the United States who have received approval from the Department of Homeland Security (DHS) to reside and work permanently in the country.
October 1, 2022, marked Isabela's 72nd birthday. She will be forced to take a required minimum distribution (RMD) from her eligible 401(k) retirement plan for the first time in 2022. She is permitted to postpone that RMD until April 1, 2023, though.
As a result, the significance of Isabela beginning her first required minimum distribution is the aforementioned.
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Which of the following is an example of a market failure?
A. The price of medical care has risen dramatically as a result of the introduction of sophisticated equipment and procedures.
B. There are not enough tickets available for everyone to attend concerts of extremely popular performers and artists.
C. A promising new Silicon Valley startup finds that they are operating at an economic loss and they decide to shut down.
D. A farmer uses chemical fertilizer on their fields that then leaches into the community’s groundwater.
Market failure, according to neoclassical economics, occurs when a free market fails to allocate products and services in a Pareto-efficient manner, frequently resulting in a net loss of economic value.
[1] Market failure can be seen as situations when people's pursuit of their own self-interest results in inefficient outcomes that can be rectified from a societal perspective. [2] [3] Although the word was first used by economists in 1958[4], Henry Sidgwick, a Victorian philosopher, is credited with the idea. [5] Public goods,[6] time-inconsistent preferences,[7] information asymmetries,[8] non-competitive markets, principal-agent issues, or externalities are frequently linked to market failure. [9] Self-regulatory organizations, governments, or supranational agencies frequently interfere when there is a market failure.
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FILL IN THE BLANK. if no debt is used in financing a project, there is no financial leverage effect and the return on equity (roe) will be___the overall return on the investment (roi). question 28 options: greater than less than equal to or greater than but cannot be less than equal to
Return on fairness (ROE) is a degree of economic overall performance calculated via way of means of dividing internet profits via way of means of shareholders' fairness.
The required details for return on equity in given paragraph
Return on Equity (ROE) = Net Income / Equity Shareholder's fund
Return on Investment (ROI) = Earning Before interest & tax(EBIT) / Total Investment
Net Income = EBIT - Interest cost
Hence we will say that if there's no debt in a challenge then,
Net Income = EBIT and
Equity Shareholder's fund = Total investment
Therefore in case of no debt in a challenge, ROE = ROI
Hence accurate solution is option (A) Return on fairness (ROE) could be Equal to the general go back on investment (ROI).
ROE is taken into consideration a gauge of a corporation's profitability and the way green it's miles in producing profits. The better the ROE, the extra green a company's management is at producing profits and boom from its fairness financing.
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to minimize extra costs associated with future litigation, many businesses will include in their contracts . question 8 options: forum selection clauses no deal if sued clauses attorney's fees at twice the rate if the other side sues clauses removal jurisdiction clauses no contest clauses
Many companies will add a clause about forum selection in their contracts to reduce extra expenses related to potential litigation.
What does the term "litigation" mean?Making something the focus of a lawsuit will lead to a case, a problem, etc. being resolved in a legal court. The defense or resolution of legal issues between businesses and other organizations falls under the category of corporate litigation. It frequently refers to defending businesses that have been accused of misbehavior.
Why would a business choose to litigation?The main reason you decide to proceed to court may be to create a precedent that you're not a pushover or that you won't be forced into conceding in a baseless issue. The most valuable asset of a corporation may be its intellectual property, which should be safeguarded.
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the total or market labor demand curve for a particular labor service is found by ____ the labor demand curves of all individual firms in the industry
summing
The total or market labor demand curve for particular labor service is found by summing labor demand curves of all individual firms in industry.
What is demand curve?A demand curve in economics is a graph that shows relationship between cost of a certain good (the y-axis) and the amount of that good that is desired at that cost (the x-axis). The link between price and quantity for a single consumer or for all consumers in a market can be examined using demand curves. The graph that follows demonstrates how demand curves are typically thought to slope downward. The law of demand, which states that as prices rise for most goods, demand declines, is the reason behind this. In a number of particular instances, this rule is broken. In order to determine the equilibrium price and equilibrium volume of a market with competition, demand and supply curves are often coupled.
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Jan is obligated under a contract to pay Katie $500. Katie assigns the right to receive the funds to Loren. If Jan does not pay the debt, the obligee can extinguish the contract rights of the obligor. demand performance of the deal from any of the original parties. enforce the payment in court. none of the choices.
Jan is obligated under a contract to pay Katie $500. Katie assigns the right to receive the funds to Loren. If Jan does not pay the debt, the obligee can enforce the payment in court.
A process whereby a contracting assignor transfers their rights to a third party (the assignee). As a result, the assignor's contractual rights are voided and the assignee may demand that the obligee perform the contract.
So, we can say that - An existing contract assignee who wants to transfer their contractual duties to another party may do so through a process known as an assignment of the contract, which is referred to in law. When a contract is assigned, the original party is released from their obligations under the agreement, and the accepted new party assumes their place.
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if firms are losing money in a purely competitive industry, then the long run adjustments in this situation will cause the market price to: group of answer choices decrease, and the representative firm's profits will decrease increase, and the representative firm's profits will decrease increase, and the representative firm's profits will increase decrease, and the representative firm's profits will increase
Based on business strategy, and the available options, it is concluded that if firms are losing money in a purely competitive industry, then the long-run adjustments in this situation will cause the market price to increase, and the representative firm's profits will increase.
What are Competitive MarketsCompetitive Market is a term that is used to describe the market situation in which no single consumer or producer has the power to influence the market.
Generally, the competitive market's response to supply and demand fluctuates with the supply curve, a representation of a product's quantity.
Also, in the long-run equilibrium of a purely competitive market, the profit is zero. So, if firms are making money in the short run, they would not leave the market in the long run, increasing the supply that exists in the market.
Alternatively, if firms are losing money in a purely competitive industry, then the long-run adjustments in this situation will cause the market price to increase, and the representative firm's profits will increase.
This is because when companies start losing money, they leave the market in the long term. Thus, the remaining firms will benefit from increased prices because their profits also increase. This is a result of an increase in demand when there are fewer firms in the market.
Hence, in this case, it is concluded that the correct answer is option C. "increase, and the representative firm's profits will increase."
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Rafia owns stocks of 15 different companies. Together, the stocks have a value of $78,640. Twelve percent of that total value is from one company, Gambrell & Valdez. The twelve percent figure is called a(n): Multiple Choice portfolio weight degree of risk. price-earnings ratio. index value. portfolio return.
Rafia owns stocks of 15 different companies. Together, the stocks have a value of $78,640. 12% of that total value is from one company, Gambrell & Valdez. The 12% figure is called portfolio weight. The correct option is a.
What is portfolio weight?Portfolio weight can be understood as the percentage of an investment portfolio that a particular holding or type of holding comprises. The most basic way to determine the weight of an asset is by dividing the dollar value of a security by the total dollar value of the portfolio.
A portfolio is created with weights in mind.
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With a floating exchange rate, an increase in the U.S. demand for Japanese exports will cause the supply curve for yen to: become less elastic decrease. Increase remain unchanged.
Investors will be less likely to supply yen for speculative purposes as the yen appreciates, resulting in a decline in the supply of yen. The Yen will ultimately appreciate as a result.
What causes the supply curve to change?
change in the supply curve An complete supply curve may move to the right or left due to changes in manufacturing costs and associated variables. As a result, a bigger or lower amount is provided at a specific price. The premise of ceteris paribus Assuming no other things change, supply curves show how prices and quantity delivered are related.
What kinds of supply curves are there?
Individual supply curves and market supply curves are the two categories of supply curves, respectively. Market supply curves depict the market supply timetable, whereas individual supply curves show the individual supply schedule.
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Enright Industrial Leasing has effective control processes, allowing its managers to discover ________ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
irregularities and errors
Enright Industrial Leasing has effective control process, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.
The control process is the process in which the establishing standards and methods for measuring performance and measuring the performance.
In the control process, the business analysis is to determine whether performance matches the standard and taking the corrective action, in case there are discrepancies between actual performances and targeted goals.
The Enright Industrial Leasing has an effective control processes, allowing its managers to discover irregularities and errors.
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True or False: In a marketing context, salespeople with high emotional intelligence are more effective in closing sales with consumers than are salespeople with low emotional intelligence.
emotional intelligence are more effective in closing sales with consumers than are salespeople with low emotional intelligence is true.
What exactly is emotional intelligence?Emotional Intelligence (EI) is the ability to manage your own emotions as well as understand the emotions of others. EI is comprised of five components: self-awareness, self-regulation, motivation, empathy, and social skills.
What are the 4 types of emotional intelligence?The four domains of Emotional Intelligence — self awareness, self management, social awareness, and relationship management — each can help a leader face any crisis with lower levels of stress, less emotional reactivity and fewer unintended consequences
Is emotional intelligence synonymous with empathy?Empathy is a critical component of Emotional Intelligence (EI). Simply put, it means "putting yourself in the shoes of another." As a result, you become more sensitive to the feelings and emotions of others.
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2: Piazzolla Research surveyed 1087 U.S. adults (18 years or older) to shed light on how
consumers are engaging with technology-driven healthcare and online health information.
Among the 1087 survey respondents, 895 reported that they had searched for health care
information online. In this survey, what is the population?
A. The 895 respondents who reported having searched for health care information online.
B. The 1087 United States adults who responded to the survey.
C. All adults (18 years or older) in the United States.
D. None of the above.
which of the following is not part of the external users of the financial statement? lenders suppliers management investors g
Management is not the part of external users of the financial statement.
The management of the company is the primary user of the financial statements. Even though they are the ones who create the financial accounts, the board and management must consult them when assessing the development and expansion of the business. The management of the company examines the financial statements in light of the company's liquidity, profitability, cash flows, assets, and liabilities, cash balances, fund requirements, outstanding debt, project finance, and several other ongoing operational tasks. Simply said, financial statements are necessary for management to make corporate choices.
But, they are not included in the external users category
As external users are the people outside of an organization who makes decisions using financial or accounting data about that business but who does not actively manage its operations and management is one of the most important part of the inside of the company .
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according to the figure, because of the imposition of a per-unit tax, the price buyers now pay for a disposable camera and the price sellers get to keep equals:
The price buyers now pay for a disposable camera and the price sellers get to keep equals $48 and $28 respectively.
Who are price buyers?
A price buyer is a shopper who makes decisions based solely on price. They are more concerned with price when shopping. They are sensitive to pricing. Fortunately, research indicates that these buyers are not prevalent in society. Buyer pleasure is the primary goal of all market actions, which are carried out with this in mind. It is a crucial component of the market. Buyers are either individuals or organizations who make purchases of products or services. First, it's important to recognize that there are three primary categories of consumers: average spenders, spendthrifts, and tightwads. This job needs a lot of research, as well as the ability to manage an inventory, negotiate contracts with suppliers, assess the quality of products, and stay within a budget.
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corporate executives are already well aware of the impact supply chain management can have on their businesses.
False. Corporate executives are already well aware of the impact supply chain management can have on their businesses.
What is meant by supply chain management?The handling of a good or service's full manufacturing flow, from the raw materials to the delivery of the finished product to the customer, is known as supply chain management.
At its most basic level, supply chain management (SCM) is the control of the movement of materials, information, and money associated with a good or service from the acquisition of raw materials to the delivery of the good at the final location.
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corporate executives are already well aware of the impact supply chain management can have on their businesses. T oR f
Use Table: Population Data for Roanoke County. If marginally attached workers are included the labor force in Roanoke County is: Table: Population for Roanoke County Demographic Group Number of Residents Employed 125,000 Unemployed and looking for work 3,000 Not working due to disability 1,000 Not working due to retirement 3.000 Unemployed and not looking for work due to 2.000 discouragement over job prospects Under the age of 16 40.000 Total Population 174,000 O 1.128.000 O 2. 130.000 O 3.131.000 O 4.134.000
The labor force is 130000. Optoin B.
Calculation:
Labor Force = Employed + Unemployed but actively looking for a job
Discouraged workers are called marginally attached workers.
So, in the country of Roanoke, when marginally attached workers are added to the labor force, then,
Labor Force including marginally attached worker = 125000 + 3000 + 2000 = 130000.
So, if marginally attached workers are included in the labor force, the labor force is 130000.
The labor force or workforce is a concept that refers to the pool of people who are either employed or unemployed. Usually used to describe a person who works in a single company or industry but can also apply to geographic regions such as cities states or countries. The labor force participation rate is an estimate of the active labor force in the economy.
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Determine the Beta for the portfolio listed below. Each stock is values at $100,000. Beta GE 1.15 AT&T 1.05 Apple 1.5 CVS 0.5 Costco 1.25
The beta of the portfolio, given the betas of each individual stock, and the value of the stock, is 1. 09.
How to find the portfolio beta ?According to the proportions of the investments in the portfolio, the beta of a portfolio is the weighted total of the betas of the individual assets.
The term "portfolio beta" refers to the overall relative volatility of a portfolio of individual securities as determined by the stock betas of the stocks that make up the portfolio.
The value of each of the stocks is the same in this instance which means that all the stock will have the same weight. The portfolio beta would therefore be the average of these betas:
= ( 1.15 + 1.05 + 1. 5 + 0. 5 + 1. 25 ) / 5
= 5. 45 / 5
= 1. 09
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in the coming decade, the number of photographers entering the field is expected to , and the demand for professional photographers is likely to .
In the coming decade, the number of photographers entering the field is expected to grow by 17% , and the demand for professional photographers is likely to grow 9% faster than average.
For a wide variety of artistic, technological, and documentary goals, photographers produce images that are permanently preserved. They are used in many different industries to produce photos of a very high professional caliber that are either neutral and factual or stylized and expressive.
A creative imagination is necessary to become a photographer.technical expertise in photography.the capacity to utilize a variety of cameras and lenses.to remain current with developing technology.being able to meet deadlines.a keen sense of color, form, and detail.a strong ability to communicate.To learn more about technology click here
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If an online retailer has focused almost exclusively on demand harvesting efforts for the last few years, it shoulda. Shift its focus to demand generationb. Continue focusing on demand harvestingc. Shift its focus to loyalty buildingd. None of the above
If an online retailer has focused almost exclusively on demand harvesting efforts for the last few years, it should a shift its focus to loyalty building.
The online retailer or online shopping refers to the type of electronic commerce where customers directly buy products or services from a seller through the Internet (Apps or website) rather than physically store.
The online retailers sell their products online and why online retail business or company is simply a form of electronic commerce that enables consumers to buy products or services or shop directly from their phones, laptops, or other internet-connected devices from anywhere in the world.
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Persuasive advertising is typically used in the latter part of the maturity stage and throughout the decline stage of the product lifecycle.False
It is false that persuasive advertising is typically used in latter part of the maturity stage and throughout decline stage of product lifecycle.
What is advertising?A good or service is meant to be highlighted via the techniques and procedures employed in advertising. Businesses work to bring consumers' attention to their products and services with the use of advertising. Commercial advertising typically aims to increase consumption of their goods or services through "branding," in which consumers associate a product name or image with certain attributes. Governmental agencies, political parties, interest groups, and religious institutions are a few examples of non-commercial entities that advertise their goods or services more than those of for-profit businesses. Public service announcements are one example of a free persuasion strategy that non-profit organizations may use. Through advertising, a firm can reassure its personnel or shareholders about its viability or success.
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For most people, banking services consists of depositing their salaries into _____ and then writing drafts (or using debit cards) on those accounts to buy things.
For the majority of consumers, using banking services entails depositing their paychecks in CHECKING ACCOUNTS then utilizing those draughts to make purchases.
What is meant by banking?The business of banking involves safeguarding other people's money. When make loans this money, interest is generated that benefits both the bank or its clients. A financial entity with permission to receive deposits and issue loans is known as a bank. However, they might also offer additional financial services.
What are the two main types of banking?Commercial banks, which are consumer-facing like Bank of America, and central banks, which are government organisations that oversee monetary policy and regulate the sector, are included in the category of banking and finance.
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for most large businesses, the cash basis of accounting will provide accurate financial statements for user needs.
Most humans and small provider groups may use the money basis of accounting. For most giant businesses, however, the cash basis will no longer provide correct economic statements for consumer needs.
Who makes use of cash basis accounting?The cash groundwork of accounting is the exercise of recording revenue when cash has been received, and recording expenses when cash has been paid out. The cash groundwork is commonly used by means of men and women and small businesses (especially those with no inventory), given that it includes the easiest accounting.
"For example, when shopping for workplace supplies, the enterprise commonly will pay cash for them. Under cash basis accounting, the business enterprise then has a enterprise rate and a discount in their money balance.”
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https://brainly.com/question/20397933#SPJ4If the government or its representative agency were to take money out of the economy, which of the following might occur? Prices would decrease on goods and services.
If the government or its representative agency were to take money out of the economy, Prices would increase on the goods that remained for purchase. The correct option is A.
What is the monetary policy?By controlling the money supply, inflation and deflation, interest rates can be adjusted to control the economy, the cost of money, and band reserve requirements.
They cause a lack of supply because businesses will be less motivated to produce goods and services when prices are reduced. Price caps cause market shortages because they lower the cost of goods and services, which raises demand for those things.
Thus, the ideal selection is option A.
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Your Questions seem incomplete most probably your complete Question was:
What would happen if the government or its representative agency were to take money out of the economy?
Multiple Choice
Prices would increase on the goods that remained for purchase.
The unemployment rate in the economy would stabilize.
Prices would decrease on goods and services.
Another Great Depression might develop, and this is why governments do not take this action.
For the past ten years, Bill and Margaret have saved money to go to the Super Bowl should their team, the Chicago Bears, reach the finals of the NFC championship. This is the year, and several tour companies offer attractive, but very similar, packages to the game. Since all packages are pretty much the same, they have chosen one that fits their budget. Bill and Margaret are most likely exhibiting ________.
They have selected a bundle that meets their budget because all of the packages are essentially the same. Most likely, Bill and Margaret are engaging in dissonance-reducing purchasing behavior.
Exhibition Buying to Reduce Dissonance?Dissonance-Reducing When a consumer makes a purchase, they are actively involved in the choice-making process and are unable to differentiate between the various options and brands available on the market that can satisfy their demands. According to the dictionary, dissonance is "a conflict of people's beliefs, deeds, or characters." In a similar manner, worry after purchases can be interpreted as buying that lessens dissonance. This usually happens when there aren't many differences between brands and the purchase requires a lot of work. This distinguishes it from complex purchasing situations when there are a variety of possibilities. Because of this, the consumer is unable to make an informed decision.
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: From an initial equilibrium in the basic model that includes only the AD and LRAS curves, aggregate demand shocks caused by changes in the growth of money supply: O are neutral in neither the short run nor the long run. O are neutral in the short run only. O are neutral in both the short run and the long run. O are neutral in the long run only.
From an initial equilibrium in the basic model that includes only the AD and LRAS curves, aggregate demand shocks caused by changes in the growth of money supply are neutral in both the short run and the long run.
What is aggregate demand?
The overall demand for final products and services in an economy at a certain time is known in macroeconomics as aggregate demand, sometimes known as domestic final demand. Effective demand is a common name for it, however other times this term is used to make a distinction. This is a country's demand for its gross domestic output.
However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. The sum of consumption, investment, government spending, and net exports is aggregate demand.
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from a marketing perspective, pricing should be ; i.e., it should correspond to what customers perceive as the fair price of the product. from a marketing perspective, pricing should be ; i.e., it should correspond to what customers perceive as the fair price of the product. cost based competitor based value based profit based
There are different types of pricing : Cost Based , Competitor Based , Value Based and Profit Based Pricing.
Cost Based Pricing: Cost based pricing involves setting pric ,es based on the cost of producing the product. This approach can be used to ensure that the company is making a profit on the product. For example, if it costs the company $10 to produce a product, the company could set the price at $15 to ensure that a profit is made.
Competitor Based Pricing: Competitor based pricing involves setting prices based on what competitors are charging for similar products. This approach can be used to stay competitive in the market and ensure that customers are not being charged too much. For example, if a competitor is charging $15 for a similar product, the company could set its price at $14 to remain competitive.
Value Based Pricing: Value based pricing involves setting prices based on the perceived value of the product. This approach can be used to ensure that customers are paying a fair price for the product. For example, if the company believes that its product is worth $20, it could set the price at $20, even if the cost of production is lower.
Profit Based Pricing: Profit based pricing involves setting prices based on how much profit the company wants to make. This approach can be used to ensure that the company.
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Suppose Barry is maximizing his utility from consuming used paperback novels and audio books. The price of a used novel = $4 and the price of an audio book = $8. If the marginal utility of the last novel was 32 units of utility (utils) what was the marginal utility of the last audio book purchased?
Assume Barry is getting the most value out of his consumption of old paperback books and audiobooks. The cost about an audio book is $8 whereas a secondhand book is $4. The final audio book has a 64 util marginal benefit.
What does a business buy?The method a company or organization employs to get the products or services it needs to reach its objectives is known as purchasing. The purchasing process might differ significantly within businesses, despite the fact that many organizations make an effort to began to organize.
Briefing :Use the rule where
MU/$ for audio book = MU/$ of paperback novel
This is an essential condition for utility maximization
MU(audio book) / 8 = 32 / 4
MU(audio book) = 8*32/4 = 64
Hence, the marginal utility of last audio book is 64 utils.
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employees can sue employers for wrongful discharge if the employee was contracted under the employment-at-will doctrine.
It is a false statement that employees can sue employers for wrongful discharge if the employee was contracted under the employment-at-will doctrine.
What does the employment-at-will doctrine provide?The doctrine holds means that an employer can terminate an employee at any time for any reason except an illegal one or for no reason without incurring legal liability. As well, an employee is free to leave the job at any time for any or no reason with no adverse legal consequences.
The doctrine also hold that an employer can change the terms of the employment relationship with no notice and no consequences. For example, it can alter wages, terminate benefits, or reduce paid time off. Its leaves an employees vulnerable to arbitrary and sudden dismissal, a limited or on-call work schedule depending on the employer’s needs, and unannounced cuts in pay and benefits.
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A transaction is ethically legitimate as long as someone wants to buy something and someone else is willing to sell it. When consumers are injured by a product and no one is at fault, the legal doctrine of strict product liability holds manufacturers accountable.
An option is the ideal decision (a). To prove strict liability, a defective product that has already left the producer must be demonstrated.
What does the term "defective item" mean?A product that doesn't function as it should is considered to be faulty. The goal of a patent infringement lawsuit is to make a manufacturer or distributor accountable for any losses brought on by an unsafe or faulty product.
Does broken equate to defective?Broken or faulty goods are deemed defective. A law that is flawed doesn't help the people it's supposed to protect, just like a malfunctioning blender won't make your morning smoothie just way you want it to.
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