700,000 shares of ordinary shares will be issued by Raytheon as part of its upcoming IPO. The public value of the shares would be $25 with a 5% margin. $1.89 (estimated) (approx).
What does priced out mean?When something gets too expensive to afford, you are said to be priced out of it. Being priced out pertains to any service or product that is getting more and more expensive, though it is most frequently linked with real estate markets.
Briefing
Shares to be issued = 700,000 shares
Per share price to public = $25
Spread = 5%
Out of pocket cost = $450,000
Total per-share underwriting fees:
= [(Shares to be issued × Per share price to public × Spread) + Out of pocket cost] ÷ Shares to be issued
= [(700,000 × $25 × 0.05) + $450,000] ÷ 700,000
= $1.8929
= $1.89 (approx)
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chad watched as his friend, ned, learned the hard way that some influence tactics generate resistance. the employees pay little or no attention to what ned has requested of them. chad has a major project for his team. it needs to be completed on time, on budget. ned suggests using pressure tactics, but which influence tactic do you think chad should use?
Since research has shown that adopting the inspirational appeal influence method increases the likelihood that a commitment will be made, Chad should employ it.
An inspirational appeal is what?Inspirational appeals, a type of appeal meant to inspire passion or feeling. Someone is employing inspirational appeal when they pique your interest in a subject by speaking to your values, aspirations, or goals.
What three different influencing strategies are there?The most successful influence strategies among these were discovered to be inspirational appeal, consultation, and logical appeal (with inspiration appeal being the strongest successful of the three), whereas coalition and pressure were discovered to be the least successful strategies.
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scion co. manufactures automotive parts and wants to globalize. concerned about piracy, the company is willing and able to spend a lot of money to protect its intellectual property. which venture is best for scion co.?
Scion co. manufactures automotive parts and wants to globalize. License some of his designs to competitors in other countries venture is best for scion co.
A company can use a license to prevent other companies from manufacturing the company's designs.
What is licensing in design?A license allows you to design a product and have someone else manufacture and sell it for you to earn royalties.
What is licensing?A license is a legal agreement between two parties where the owner of an asset (the licensor) grants another party (the licensee) permission to use its brand, patent, or trademark. Getting Licensing Right Is Important To Protect Your Business
Why companies use licenses?Licensing is the making of patents, trademarks, copyrights, designs, and other intellectual property rights available to another company, usually in exchange for a portion of the proceeds or a fee. It's a quick way to generate income and build a business, as no manufacturing or selling is required.
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ron is searching for another job where his skills will be best used. lucy is looking for a job where she can make more money to help put her children through college. what is ron's employment status and what is lucy's?
Ron is searching for another job where his skills will be best used. lucy is looking for a job . Both Ron and Lucy are frictionally unemployed.
About Frictional unemployment:
Frictional unemployment is a form of unemployment that reflects the gap between voluntarily leaving one job and finding another. Therefore, it is sometimes called search unemployment, but it also includes the employment gap when moving from one job to another. Smooth unemployment is not necessarily a bad thing.
Frictional unemployment is spontaneous, so it can even be a sign of a healthy economy. This means employees are looking for new jobs and new careers.
Causes of frictional unemployment:Employees take time off to care for loved ones. An employee left an unsatisfactory position in search of a new job. Employees have the financial means to take time off from full-time work. People quit their jobs to pursue higher education.
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using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful accounts is an $11,000 debit before adjustment, what is the balance after adjustment?
$66,000 is the adjusted balance. One method credit card companies employ to estimate a cardholder's finance account is adjusted balance.
One of numerous ways used by credit card companies to determine a cardholder's finance charge is the adjusted balance. The latter is the cost incurred when a cardholder doesn't pay their entire balance by the due date of each month, choosing instead to carry a load from month to month.
The current billing cycle's payments and credits are deducted from the prior balance at the end of the previous billing cycle when determining your financing charge using the adjusted balance method. The adjusted amount does not include any new charges that are accrued during the billing period.
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performance appraisals are part of control. a. inventory b. physical c. financial d. information e. human resources
The performance appraisals are part of control is human resources.
What is meant by human resources?The group of individuals who work for a given organisation, business sector, industry, or economy is referred to as its human resources. Human capital, or the knowledge and abilities that people possess, is a more specific idea. Manpower, labour, personnel, colleagues, or simply "people" are comparable concepts. Employees are hired, screened, and interviewed by human resources specialists, who also assign newly hired workers to positions.They could also be in charge of training, employee relations, and salary and benefits. Labor relations experts administer and interpret labour contracts. The individual or team in charge of overseeing everything linked to a company's personnel is known as human resources. This includes, but is not limited to, recruiting, benefit management, employee happiness, establishing a business culture, and training new personnel.To learn more about human resources refer to:
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factors affecting the span of management include all of the following except: authority of the manager. organizational policies. nature of the work being completed. competency of workers.
Uncontrollable costs, even as name suggests, are expenses that management cannot influence.
What part does management play?A management position in an organisation entails accountability and oversight. Depending on the job titles as well as the needs of the business, they contribute in their companies in a variety of ways. Managers serve a variety of functions in the context of their work, from project managers to department managers.
What does the term "management" mean?The process of completing the labour or task necessary for accomplishing an organisation's goals in an effective and efficient way is referred to as management. The procedure implies the management duties. Planning, organizing, staffing, leading, and managing are therefore involved.
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assume that a futures contract on treasury bonds with a face value of $100,000 is purchased at 93-00. if the same contract is later sold at 94-18, what is the gain, ignoring transaction costs?
Assume that a futures contract on treasury bonds with a face value of $100,000 is purchased at 93-00. If the same contract is later sold at 94-18, the gain, ignoring transaction costs is $1,562.50.
To calculate gain and loss on a trade - multiply the dollar value of a one-tick move by the number of ticks the futures contract has moved since you purchased the contract.The inventory costing method used by a corporation determines the amount of the cost of products sold. First in, first out (FIFO), last in, first out (LIFO), and the average cost method are the three techniques a business might use to record the amount of inventory sold during a period. When identifying expensive or rare artefacts, a particular procedure is used.To learn more about face value visit:
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a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made. true false
a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made- false.
What is retained earnings?The retained earnings (also known as plowback[1]) of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. At the end of that period, the net income (or net loss) at that point is transferred from the Profit and Loss Account to the retained earnings account. If the balance of the retained earnings account is negative it may be called accumulated losses, retained losses or accumulated deficit, or similar terminology. Any part of a credit balance in the account can be capitalised, by the issue of bonus shares, and the balance is available for distribution of dividends to shareholders.
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if you were an economist for a firm that wanted to merge, would you argue that the three-digit or five-digit naics industry is the relevant market? why?
The relevant market is a three-digit naics economist for a company that desired to merge.
What does industry NAICS code mean?The United States, Canada, and Mexico classify enterprises by industry using the North American Industry Classification System (NAICS). The following are some usage of VTA's Vendor Portal and other systems for the NAICS business code system: Sort the requests for proposals that are posted on its vendor portal.
A three-digit SIC code is what?The major industry group is identified by the first two digits of the SIC code, the industry group is identified by the third digit, and the individual industry is identified by the fourth digit. A significant government organization that controls the markets is the Securities and Exchange Commission (SEC). SIC codes are still used by the SEC.
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which of the following statements is prepared using modified accrual accounting? a. general fund balance sheet b. agency fund operating statement c. enterprise fund operating statement d. investment trust fund balance sheet
General fund balance sheet is prepared using modified accrual accounting.
What is meant by balance sheet?An organization's assets and liabilities at a given point in time are described in detail in a balance sheet, which is a financial statement. One of the three essential financial statements, along with the income statement and cash flow statement, which are used to assess a company's performance.An organization's or company's "book value" is expressed in detail in a balance sheet, a financial document.The balance sheet, also known as the Statement of Financial Position, acts as a quick snapshot and offers the most complete view of an organization's financial condition. It gives information on the assets (what the company owns) and liabilities of the company (what is owed).To learn more about balance sheet refer to:
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jonas has disability insurance through his employer. the employer pays 75% of the premium, and jonas pays the other 25%. what is jonas tax liability for any benefits paid from the disability
Jonas has disability insurance through his employer. Jonas's tax liability for any benefits paid from the disability takes must be paid on 75% of the benefits received.
Insurance is a contract whereby one insurer indemnifies another insurer against losses arising from certain contingencies or perils. Help protect the insured or her family from financial loss. There are many types of insurance policies.
Cover running costs and larger expenses such as your mortgage while you focus on your health and recovery. Cover medical expenses such as prescription drugs, dental care, eye care, and other health-related items.
Life insurance helps survivors financially. Health insurance protects you from devastating claims in the event of a serious accident or illness. A permanent disability protects you from an unexpected loss of income. Auto insurance protects you from the financial burden of expensive accidents.
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define the term structural unemployment and distinguish it from frictional and demand-deficient unemployment. why might structural unemployment fall w
The business cycle is not only factor contributing to structural unemployment. Over past thirty years, United States has lost hundreds of thousands of well-paying manufacturing jobs as result of production shifting to countries like China with lower cost of living.
What is structural unemployment?Structural unemployment, a form of involuntary unemployment, results from a mismatch between the capabilities that employees in the economy can provide and those that employers seek in employees. Cyclical unemployment and frictional unemployment are the other two types of unemployment that economists have identified. One of these categories is structural unemployment. Because it necessitates either migration or retraining, structural unemployment can be challenging to overcome. Contrary to structural unemployment, which can be caused by short-term changes in demand from different industries, cyclical unemployment is caused by short-term variations in the overall labor market. Structural unemployment is frequently caused by people's inability to change industries, but it can also happen within sectors as technology changes the nature of work in a given field.
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you are offered a job at xyz corp. a friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem. you notice in the code of ethics that you will be required to sign a non-disclosure agreement and a statement saying if you leave for any reason, you will be barred from working for a similar company for one year. do you take the job, why or why not?
A friend emails you an article indicating the company has been funding questionable research that may be causing irreparable damage to a specific ecosystem.
What is ecosystem?An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work together to form a bubble of life. Ecosystems contain biotic or living, parts, as well as abiotic factors, or nonliving parts. Biotic factors include plants, animals, and other organisms. Abiotic factors include rocks, temperature, and humidity.Every factor in an ecosystem depends on every other factor, either directly or indirectly. A change in the temperature of an ecosystem will often affect what plants will grow there, for instance. Animals that depend on plants for food and shelter will have to adapt to the changes, move to another ecosystem, or perish.Ecosystems can be very large or very small. Tide pools, the ponds left by the ocean as the tide goes out, are complete, tiny ecosystems.
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on january 1, forward company issues bonds that have a $22,000 par value, mature in 4 years, and pay 8% interest per year. interest payments are paid to bondholders semiannually on june 30 and december 31. how much interest does forward company pay to bondholders every six months if the bonds are sold at par?
Th interest that Forward company would pay bondholders every six months is $880.
What is the interest that would be paid every six months?A bond is a debt instrument that is used by firms to raise the capital that is needed for business activities. People who purchase bonds are known as bondholders.
Bondholders receive interest at regular predetermined time intervals. Interest is the compensation that is received by the bondholders for giving the borrower their funds. The interest received is a function of the interest rate and the par value of the bond. At the maturity of the bond, the bondholder is paid back the par value of the bond.
Interest = (interest rate / 2) x par value
Interest = (8% / 2) x 22,000
Interest = 4% x 22,000
Interest = 0.04 x 22,000
Interest = $880
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Danielle williams is a 29-year-old single taxpayer who changed jobs during the year. When she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. She then used the proceeds to make a down payment on a new car. In early 2022, she received the following form 1099-r reporting the distribution. Her only other income was from wages, and her 2021 taxable income was $51,350. What will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?.
Answer:
The penalty for the early withdrawal from Danielle's 401(k) plan would be 10%, which works out to be $5,135.
Explanation:
Which type of intellectual property can protect your company's logo? a. a dba name b. patent c. copyright d. trademark please select the best answer from the choices provided a b c d
Trademark is a type of intellectual property that can protect your company's logo
Option D is correct.
What trademark implies?Any word, phrase, symbol, design, or combination of these that identifies your products or services is considered a trademark. It is how customers distinguish you from your rivals and recognize you in the market. Trademarks and service marks can both be referred to as "trademarks."
Words, phrases, symbols, and logos that identify a company's goods or services can be protected by trademarks. A trademark registration must be renewed every ten years, but it can last forever as long as it is used in business. Because of this, the trademark is one of the most important IP safeguards for businesses.
What are the four types of intellectual property?The company's patents, trademarks, copyrights, and trade secrets are valuable assets that must be safeguarded by knowing how they function and are made.
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what document serves as a title to the goods in question under the document collection payment method?
Under the document collection payment method, a bill of lading acts as the products' legal title.
What is bill of lading?A carrier must provide a shipper with a bill of lading, which lists the kind, quantity, and final destination of the goods being transported.A bill of lading is a contract between a shipper and a carrier, a receipt for shipping goods, and a document of title.The carrier, shipper, and receiver must all have authorized representatives sign this document, which must also be included with the shipping items.A bill of lading can aid in preventing asset theft if it is managed and examined appropriately.It's critical to select the correct bill of lading because there are various varieties.For instance, a logistics company wants to ship gasoline from a factory in Texas (shipper) to a gas station in Arizona using a large vehicle (recipient). After pouring the gas onto the truck, a plant representative and the driver sign the bill of lading.The truck driver requests that the gas station employee sign the agreement once the carrier delivers the fuel to the Arizona gas station.Hence, Under the document collection payment method, a bill of lading acts as the products' legal title.
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a silver futures contract requires the seller to deliver 5,000 troy ounces of silver. an investor sells one april silver futures contract at a price of $15 per ounce, posting an $8,400 initial margin. if the required maintenance margin is $6,900, the price per ounce at which the investor would first receive a maintenance margin call is closest to:
The investor would first receive a maintenance margin call is closest to
15.3
How to Calculate Margin call?Increase in price per ounce=Number of ounces-Required margin maintance/Initial margin
=8400-6900/5000
=0.3
Future price =Selling price per ounce + Increase in price per ounce
=15+.3
=15.3
Initial Purchase Price x [(1 - Initial Margin) / (1 - Maintenance Margin)] = Margin Call Price. The margin call price serves as a benchmark for the price below which the margin requirements are not satisfied, forcing the investor to make more deposits or sell off a certain portion of their portfolio assets in order to comply.The investor can deposit cash in the amount of the margin call to cover it. As an alternative, the investor can sell sufficient securities to satisfy the margin need with the remaining equity. Let's say the investor does not want to add to the $2,000 cash balance in the account.To learn more about margin call refer to:
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the owner knows that one of the reasons people do not return to his store is because of the slow service. how would a swot analysis classify the slow service at dina plumbing supplies?
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's Weaknesses.
Horrific customer support is when a purchaser feels their expectancies have been not met. consistent with our tendencies report, the top indicators of poor customer service consist of long wait times, an automated gadget that makes it tough to reach a human agent, and having to repeat information more than one time.
The five major causes of poor customer service include hiring the incorrect humans, loss of training, employee burnout, a false impression of client expectancies, and absence of worker engagement.
The maximum apparent one is not resolving a patron request or ignoring it. other customer support ache points consist of lengthy waits, poor employee understanding, lack of etiquette and manners.
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Complete question:
Don knows that one of the reasons people do not return to his electronics store is because of the slow service. This is an example of the organization's ________.
1. intelligence
2. threats
3. opportunities
4. strengths
5. Weaknesses
true or false: because employee performance is so important to organizations, senior management consistently supports performance management procedures.
Senior management does not support performance management procedures for employee performance . Thus, the statement is false.
What is performance management?Performance management is a corporate management tool that allows managers to monitor and evaluate the work of their employees. The goal of performance management is to create an environment in which people can perform to the best of their abilities and produce the highest-quality work in the most efficient and effective manner.
Businesses require effective performance management. It assists them in aligning their employees, resources, and systems to meet their strategic objectives through both formal and informal processes.
Therefore, to align the employees with the objectives of the organization, senior management consistently supports performance management procedures.
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all of the following are key cost items in the purchase of a new car EXCEPT
a. rebates
b. sales tax
c. down payment
d. lease terms
Answer:
A. Rebates
Explanation:
A marketing plan includes this marketing objective: "Create positive feelings
about our brand." What is the main problem with this objective?
Answer:
The main problem with this objective is that it is too vague and does not provide any specific target or measure for success. "Positive feelings" are subjective and can vary greatly from person to person, making it difficult to accurately track and measure progress towards this objective. A more specific and measurable objective might be something like "Increase brand awareness by X% among target audience within Y months" or "Increase customer satisfaction ratings by X% within Y months."
a real estate investment is available at an initial cash outlay of $100,000, and is expected to yield cash flows of $33,438.10 per year for five years. the internal rate of return (irr) is approximately:
An investment in real estate is accessible for a $100,000 initial cash outlay and is predicted to generate $33,438.10 in cash flows over the course of five years. About 20% is the internal rate of return (irr).
Describe real estate.Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.
Real estate includes land, the houses on it, and any natural resources such as crops, minerals, or water. It also includes immovable property of this kind, such as houses or other housing that meets common definitions of real estate.
Real property includes tangible personal property, which is something you own that is tied to a piece of land. It often comprises of any assets on the property, including water or minerals, and is suitable for residential, commercial, or industrial uses.
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scrum uses a series of coordinated meetings to manage the development process. during which of the following is it discussed what was done since the last meeting, what will be done before the next meeting, and if anything is limiting performance?
If during which of the following is it discussed what was done since the last meeting, the thing that will be done before the next meeting, and if anything is limiting performance is: A. Daily Scrum meeting.
What is Daily Scrum meeting?Daily Scrum meeting can be defined as the type of meeting that is organized so as to improve team development and to develop a plan that will be used to successfully achieve organizational goals and objectives.
Daily scrum meeting can help to identify issues or challenges that a company is facing as well as how to combat the issues.
Therefore the correct option is A.
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The complete question is:
Scrum uses a series of coordinated meetings to manage the development process. During which of the following is it discussed what was done since the last meeting, what will be done before the next meeting, and if anything is limiting performance?
Daily Scrum meeting
Sprint review meeting
Sprint retrospective meeting
Sprint planning meeting
Release planning meeting
consider the demand for cereal. when price is $4.25/box quantity demanded is 1200 boxes. price increased to $5.25/box and quantity demanded fell to 1000 boxes. what is the elasticity of demand?
Demand is considered to be relatively inelastic, or not highly responsive to price changes, if the quantity demanded is smaller than the percent change in price.
What does demand look like?Key Learnings. According to the economic principle known as the law of demand, customer demand for just a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
Is a demand a request?It might be simple—and tempting—to employ demands rather than requests, even if you believe you comprehend the distinction on an intellectual level. A request is when you formally, politely, or respectfully ask for something. A call is a strong declaration in which you request something.
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Maxine and her friend Alice share a love of listening to music from England. They spend
plenty of sleepovers listening to their favorite bands and are always sharing new songs or
artists with each other.
One day, Alice excitedly tells Maxine her dad bought her tickets to a huge music festival in
England where some of their favorite bands will play. Plus, she has a ticket for Maxine, and
Alice's dad said he'll cover half of Maxine's airfare. The other half is only $412. Maxine feels
like this is a once-in-a-lifetime opportunity. Should Maxine use her emergency fund to take this super rare opportunity? Explain your reasoning.
Based on the given information Maxine should not use her emergency fund to take this super rare opportunity as it is intended to use in an unforeseen situation.
What is an emergency fund?
An emergency fund is said to be savings that an individual intended do in order to meet challenges that are not predictable and unforeseen for them.
An emergency fund shouldn't be used for a planned vacation or other predictable expenses; rather, it should only be used in the event of an unexpected event. You don't have to deprive yourself of small comforts in life.
In the given case, the music concert is not an unforeseen event is a planned vacation so the emergency fund should not be utilized.
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what international organization runs a dispute settlement process in which countries can resolve trade inequalities in a formal arena?
Countries can settle trade disparities in a formal setting through the World Trade Organization's (WTO) dispute resolution procedure.
Describe trade.Trade is the voluntary transfer of goods or services among participants in the economy. Trade is often seen to be beneficial to both parties because interactions are voluntary. Buying and selling share or other assets is referred to as trading in the finance industry.
Why is trade so important?Because it fosters economic growth, encourages domestic employment, enhances standard of living, and give more control to support their families with fairly priced goods and services, trade is crucial to the success of the United States. More jobs, greater pay, quality services, moderate inflation, and a propensity for cooperative over conflict are all advantages of increased commerce. nation. The much more freely trade goes around the world, the bigger the wave of economic success and peace will be.
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questionable business practices according to antitrust agencies complete the following table by matching each of the scenarios to the concept of resale price maintenance, predatory pricing, or tying. scenario resale price maintenance predatory pricing tying rightround sells a wide variety of records to retail record stores. rightround recently pressed two new records: a popular pop punk album and a much less popular smooth jazz album. rightround requires record stores to order 15 copies of the smooth jazz album for every 120 copies of the pop punk album bought. citron is a firm that manufactures electric scooters. suppose citron sells its electric scooters to online retailers for $900 each and requires those online retailers to charge at least $930 to shoppers for each electric scooter. breezy hut is the only firm producing air conditioners. it costs $950 to produce one air conditioner, and breezy hut sells each air conditioner for $1,200. after gregale, a new firm with the same costs as breezy hut, enters the market for air conditioners, breezy hut starts selling its air conditioners for a price of $600. true or false: all economists believe that predatory pricing is a profitable business strategy. true false
a. Snackyville ties 10 cases of granola bar for every 130 cases of trail mix ordered. So, this is the case of tying.
b. Cubit reduces the price of cubicles below its cost of production after the entry of In Square. This is the case of Predatory Pricing strategy followed to prevent other firm's entry in the market.
C. Talkie Time sets the price that retailers have to charge from customers. This is the case of RESALE PRICE MAINTENANCE.
d. Resale Maintenance price is to reduce competition in price. But, it is not economically inefficient.
Thus, the statement is FALSE.
What is strategy?A strategy is a broad plan to accomplish one or more overarching, long-term objectives in the face of uncertainty. The term "art of the general" first appeared in use in 6th century C.E. Eastern Roman terminology, and it wasn't until the 18th century that it was translated into Western vernacular languages. This "art of the general" concept included a number of subsets of skills, such as military tactics, siegecraft, logistics, etc. From that point on until the 20th century, the term "strategy" developed to mean "a comprehensive means to try to attain political aims, including the threat or actual use of force, in a dialectic of wills" in a military battle, in which both opponents cooperate.
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Disclaimer: The question was given incomplete on the portal.
Question: Questionable business practices according to antitrust agencies
the macroenvironment is also known as the environment. multiple choice question. fixed internal external general
the macroenvironment is also known as general environment.
Describe macro environment through few examples?A macro environment is the collection of circumstances that impact the economy as a whole instead of just one industry or geographical area. The macro environment, in general, comprises developments in the GDP, inflation, employment, expenditure, and fiscal and monetary policy.
Why is a business's macroenvironment important?Macro-environment frequently denotes a state affecting the entire economy as opposed to just one single market segment. Business decisions will be influenced by the macro environment. There can be an impact on spending, investing, and borrowing activities when a macro environment is present.
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Answer: General
Explanation: I just did it
steve and craig have been shipwrecked on a deserted island in the south pacific. their economic activity consists of either gathering pineapples or fishing. we know steve can catch four fish in one hour or harvest two baskets of pineapples. in the same time craig can reel in two fish or harvest two baskets of pineapples. if they each spend four hours a day fishing and four hours a day harvesting pineapples, how many of each will steve produce? how many will craig produce? what will their total production be?
Craig will generate 8 fish daily and 8 carriers of pineapples, bringing the combined production to 24 fish and 16 baskets per day. He will provide 16 fish daily and 8 receptacles of pineapples.
What are some economic examples?The social science of economy focuses on the analysis of resource scarcity. It examines variables that have an influence on how products and services are produced, distributed, and received in an economy. It investigates how people, organizations, and governments distribute limited resources.
Briefing:Steve grows eight baskets of pineapples and four fish (four fish per hour) in four hours (4 hours x 2 baskets per hour). Craig makes eight fish (four hours at two fish each) and eight baskets of pineapples each day (4 hours x 2 baskets per hour). A total of 24 fish as well as 16 bags of pineapples are produced each day.
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