Answer:
Explanation:
Product vs Service Business
While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.
Local or Global Consumer Markets
In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.
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Five key success factors for a successful business
Answer:
Plz mark me as brainliest
Explanation:
the 5 Key Success Factors are:
Strategic Focus (Leadership, Management, Planning)
People (Personnel, Staff, Learning, Development)
Operations (Processes, Work)
Marketing (Customer Relations, Sales, Responsiveness)
Finances (Assets, Facilities, Equipment)
Ricardo paid an annual premium of $1,200 in total liability coverage for his car, including up to $200,000 in bodily injury coverage and $100,000 in property damage coverage. Ten years into his policy, Ricardo caused an accident that resulted in the other driver claiming $40,000 in medical costs and $20,000 in car damage. Did the cost of the annual premiums outweigh the benefit of transferring the risk to the insurance company
Answer:
No, the cost of the annual premium for 10 years was less than the accident claims
Explanation:
Since in the question it is mentioned that the annual premium is $1,200, $200,000 is the bodily injury coverage and $100,000 should be the property damage coverage
Also the $40,000 and $20,000 represent the medical cost and the car damage
So here the cost should not outweight the benefit of the transferring the risk as the annual premium cost for ten years should be lower than the accident claims
Answer:no it is less then
Explanation:
:3
Manuel Tores, a senior manager at Crawford Export Logistics, goes to France to negotiate a deal with the company's French partners. He dresses casually in a t-shirt and jeans. His French counterparts call off the meeting and accuse him of taking a casual attitude toward negotiations. In this scenario, dressing formally during business meetings is probably a cultural ________ for the French.
In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.
A cultural imperative should be
Cultural norm.Cultural custom.Cultural behavior.Where everyone should abide by what belongs to the culture.
It should be confirmed in order to become successful. An example is the building of a relationship.Since in the french culture wearing a formal dress while having a business meeting should become important so each and everyone should follow it.
So we can conclude that In the given scenario, formal dressing during the business meeting should be a cultural imperative for the french.
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Jessica is new to international marketing and assumes that if a country speaks a similar language as another country then both of those countries will also be interested in the same types of products and services. Jessica appears to be suffering from
Answer:
an illusion of similarity.
Explanation:
It is correct to say that in this case, Jessica seems to be suffering from an illusion of similarity, in that she believes that two countries will be interested in the same types of products and services because they speak similar languages.
This is an illusion that can cause difficulties in a company's marketing positioning, as each country has its social and cultural particularities that must be considered when planning an international marketing strategy, as it must be aligned with local culture, taste and preferences so that a company can be well accepted and competitive in the international market.
Which of the following steps in the management decision-making process does not generally involve the managerial accountant? Determine possible courses of action. Make the appropriate decision based on relevant data. Prepare internal reports that review the impact of decisions. None of these answers are correct.
Answer:
Make the appropriate decision based on relevant data.
Explanation:
Management involves the control, planning and organization of the affairs of a business firm.
Basically, the management of an organization is saddled with the responsibility of planning, organizing, controlling and staffing within the organization.
The four (4) main management activities are;
I. Organizing
II. Controlling
III. Motivating.
IV. Planning.
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals. Thus, it's an accounting system that is used by an organization to report both monetary and nonmonetary information.
In the management decision-making process, making the appropriate decision based on relevant data does not generally involve the managerial accountant.
A managerial accountant is an individual who is saddled with the responsibility of gathering and communication of financial information to managers for better decisions making.
The Rybczynski theorem asserts that in a two-good world, and assuming that product prices stay constant, growth in the endowment of one factor of production, with the other factor unchanged, will lead to:
A. An equal percentage increase in the output of both goods.
B. An increase in the output of the good that uses the growing factor intensively and a decrease in the output of the other good.
C. An increase in the output of both goods but a greater percentage increase in the output of the good that uses the growing factor intensively.
D. An increase in the output of the good that uses the growing factor intensively and no change in the output of the other good.
Answer:
The answer is "Option b".
Explanation:
The theorem of Rybczynski affirms that certain expansion in the endowments of one factor of manufacturing throughout the two-good economy, with other unchanged factors, which would be the result in increased output for the product that employs the increasing factor as well as a drop throughout the output of the other good.
McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,000. The company also pays $12,000 in property taxes, which includes $8,000 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,000 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $45,000 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $3,000 and pays an additional $10,000 to level the land.Required:Determine the amount McCoy’s Fish House should record as the cost of the land.
Answer: $962000
Explanation:
From the information given, the amount
that McCoy’s Fish House should record as the cost of the land will be:
Purchase price = $900,000
Add: Title insurance = $2000
Add: Back property tax = $8000
Add: Cost incurred to remove building = $45000
Add: Cost incurred to level the land = $10000
Less: Savage value of materials = $3000
Cost of land = $962000
Therefore, the cost of land is $962000
Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.
please help me
Answer:
Explanation:
if a Doctor decrease his price than poor people can get a better health care for them it
What is the primary difference between common and preferred stockholders?
A. Common stockholders have a higher claim on the business.
B. Preferred stockholders are the only ones who can vote for the
board of directors.
C. Common stockholders are required to be employees of the
business.
D. Preferred stockholders have greater security.
SUBMIT
Answer:
D
Explanation:
Preferred stock holders have greater security.because in the event of the business failure,they have the first claim in the distribution of company assets.
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The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Which of the following statements is true about the price of fertilizer? Check all that apply. The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than average variable cost. The price of fertilizer must be greater than marginal cost.
Answer:
The price of fertilizer must be greater than average variable cost.
Explanation:
Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.You work for a Defense contracting company. The company develops software applications which perform intensive calculations in the area of Mechanical Engineering related to metals for ship building. You have a 3-year contract and decide to purchase reserved EC2 instances for a 3-year duration. You are informed that the particular program has been cancelled abruptly and negotiations have brought the contract to an amicable conclusion one year early. What can you do to stop incurring charges and save money on the EC2 instances
The defense contracting company is spending its money by purchase of EC2 instances. This reserved instance can be used for one to three years.
If the program is cancelled due to some reasons the company can let out the purchase instance to some other company on lease and earn annual rentals on it.
This will save its sunk cost and earn some money with spare reserved EC2 instance.
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Consider an economy described by the combined Solow and Romer model. If this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs: Group of answer choices the level of output per capita on the new balanced growth path will remain unchanged the growth rate of output per capita will remain unchanged there will be an immediate growth effect the economy will not exhibit transition dynamics
Answer:
there will be an immediate growth effect
Explanation:
In the case of Solow model, if there is an increase in the growth rate of population so it improves the growth of the aggregate output but at the smae time there is no impact on growth of per capita production in the long term
Also, the level of per capita output of steady rate should declines when the growth rate of population increased
Therefore the above statement should be the answer
On January 1, 2016, Weaver Company purchased as held-to-maturity debt securities $500,000 face value of Park Corporation's 8% bonds for $456,200. The bonds were purchased to yield 10% interest and pay interest annually. The bonds mature on January 1, 2021. Weaver uses the effective interest method of amortization. What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities
Answer:
$461,820
Explanation:
Calculation to determine What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities
First step
Amortization of discount= Purchased value of bond × interest rate of return - face value of bond × interest rate
Amortization of discount= $456,200 × 10% - $500,000 × 8%
Amortization of discount= $45,620 - $40,000
Amortization of discount= $5,620
Now the amount reported is
investment in held-to-maturity debt securities= Purchased value + discount amortization
investment in held-to-maturity debt securities= $456,200 + $5,620
investment in held-to-maturity debt securities= $461,820
Therefore What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities is $461,820
All else equal, long-term bonds have less price risk than short-term bonds. b. All else equal, low-coupon bonds have less price risk than high-coupon bonds. c. All else equal, long-term bonds have less reinvestment risk than short-term bonds. d. All else equal, short-term bonds have less reinvestment risk than long-term bonds. e. All else equal, high-coupon bonds have less reinvestment risk than low-coupon bonds.
Answer:
c. All else equal, long-term bonds have less reinvestment risk than short-term bonds.
Explanation:
Bond is a financial obligation that runs for at least five and much longer time peroid. They can be fixed, floating and exchangeable bonds.The expen Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accounting concept of se recognition principle states that expenses should be matched with revenues. Another way of stating the principle is to say that:
Another way of saying the above is that d. efforts should be matched with accomplishments.
The Matching Principle in Accounting falls under the Accrual basis which means that expenses should be matched to the period they were incurred and revenue should be matched to the period it was received for.
This ensures that the expenses match the revenue. Another way to say this is that efforts should be matched with their accomplishments because the business incurred expenses as efforts in a period in order to be able to get revenue as accomplishments in that same period.
For example, a business paying salespeople $30,000 in a year are doing so because they hope those salespeople will sell more than that $30,000 in that same year.
In conclusion, matching expenses to revenue is like matching efforts to accomplishments.
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The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as ____________. Multiple Choice range estimating phase estimating method parametric procedure template method WBS method
Answer:
phase estimating method
Explanation:
The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as PHASE ESTIMATING METHOD
The above statement is based on the fact that PHASE ESTIMATING METHOD is applicable whereby the total estimate of a product life cycle is extremely difficult to ascertain.
Instead, to get the estimate, each elemental stage is estimated one after the other, with the immediate stage having an elaborate estimate, while the subsequent stages having a brief or overview estimate.
Britain taxed windows from 1696 until 1851. Under the 17471757 tax​ rates, you would pay no tax if your home had 09 ​windows, but if your home had 1014 windows you would pay a tax of 6 pence per window for every window in your home. The window tax is similar to the U.S. income tax in that both are​ ___________. A. progressive taxes. B. regressive taxes. C. sales taxes. D. proportional taxes.
Answer:
A
Explanation:
A tax is a complusory sum levied byb the government or an agency of the government on goods and services.
Taxes increases the price of goods and services
Types of taxes
1. A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax.
A progressive tax ensures vertical equity.
The British system of taxation is an example of a progressive tax. This is because the more windows your house has, the wealthier the individual is. Individual with more windows, would pay a higher tax rate
2. Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.
A graduated income tax is also known as progressive tax
3. A proportionate tax taxes everyone the same regardless of the amount earned.
4. A sales tax is an example of consumption tax. It is levied on the sales of goods and services
A captive agent is a(n): Group of answer choices insurance agent who represents only one insurance company. federal insurance agent who can sell low-cost flood insurance coverage. independent agent who can insure homeowners and tenants together for flood insurance. insurance agent who insures only homes and vehicles. claims adjustor who assesses the probability of law violations during an investigation.
Answer: Insurance agent who represents only one insurance company.
Explanation:
A captive agent is an insurance agent that works for a lone insurance company, either as full time or per time. They are paid their salary and commission or just commission depending on the contract agreed between employer and employee.
They can't do more than one insurance job at a time.
Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She earns $2,700 per year at her part-time job. She plans to take out a loan to cover the remaining tuition costs. Tuition will increase by $500 each year. If she completes college in 4 years, how much money will Michelle need to borrow
Answer:
$41,400
Explanation:
Tuition will increase by $500 each year
Year 1 tuition = $17,300
Year 2 tuition = $17,800
Year 3 tuition = $18,300
Year 4 tuition = $18,800
Total = $72,200
Scholarship per year = $5000
Total scholarship for 4 years = 4 * $5000
= $20,000
Earnings per year = $2,700
Total earnings for four years = 4 * $2,700
= $10,800
She plans to take out a loan to cover the remaining tuition costs
Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)
= $72,200 - ( $20,000 + $10,800)
= 72,200 - (30,800)
= 72,200 - 30,800
= 41,400
Loan = $41,400
Michelle need to borrow $41,400
An increase in the wage rate causes Group of answer choices a decrease in the quantity of labor demanded. an increase in labor's marginal productivity. a leftward shift of the firm's labor demand curve. a rightward shift of the firm's labor demand curve.
Answer:
a decrease in the quantity of labour demanded.
Explanation:
Changes in wage rate leads to changes in the quantity of labour demanded and not a change in demand.
Changes in the quantity of labour demanded leads to a movement along the demand curve for labour and not a shift of the demand curve.
The quantity demanded of labour is inversely related to the wage rate.
An increase in the wage rate increases the cost of employing labour. As a result, the quantity demanded of labour falls
On the other hand, a decrease in the wage rate reduces the cost of employing labour. As a result, the quantity demanded of labour increases
A balanced scorecard ______. Multiple choice question. should only focus on the financial measures needed to achieve success presents a theory of how a company can take action to attain its desired outcomes will not identify an ineffective strategy based on faulty assumptions
Answer:
presents a theory of how a company can take action to attain its desired outcomes.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
Basically, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
This ultimately implies that, a balanced scorecard presents a theory of how a company can take action so as to enable it attain its desired outcomes and achieving its set goals and objectives.
A balanced scorecard presents a theory of how a company can take action to attain it's desired outcomes. The correct option is b.
The balanced scorecard (BSC) is an indicator of strategic management performance used to identify and enhance various internal business functions as well as the external outcomes that result from them. Balanced scorecards are widely used to measure and provide feedback to organisations within the United States, the United Kingdom, Japan, and Europe. Executives and managers gather and interpret data, which is critical to providing quantitative results.
This information can be used by company personnel to make better decisions for the future of their organisations.
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1) what does regional employment means?
2) what does apprenticeship?
3 what is annex program?
4 what is vocational education?
5 write the types of soft skill training?
Answer:
1)The work or occupation for which one is used and often paid is known as employment. If employment is generated in a particular region or a locality only, it is termed as regional level employment and if employment is generated at the national level, it is termed as national level employment
2)Apprenticeship is a system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).
3)An annex is an extension of or an addition to a building. ... As a noun, an annex is part of a building or an addition to a main structure, or it can be an attachment, as in "an annex to the current plans." When used as a verb, the word means something a little different.
4)Vocational education is education that prepares people to work as a technician or to take up employment in a skilled craft or trade as a tradesperson or artisan. Vocational education is sometimes referred to as career and technical education.
5)Here are 15 soft skills examples that are essential traits among employees:
Communication.
Teamwork.
Problem-solving.
Time management.
Critical thinking.
Decision-making.
Organizational.
Stress management.
Answer:
1 Employment created and provided by a regional employer, business, company, enterprise, organization or regional unity government in a regional area of a country.
2 An apprenticeship is a program that trains a worker to become skilled in a particular trade
3 The Annex Program is a program that provided the protocol connection to Lyoko.
4 Vocational education is education that prepares people to work as a technician or to take up employment in a skilled craft or trade as a tradesperson or artisan.
5 Teamwork
Communication Skills
Problem-Solving Skills
Flexibility
Interpersonal Skills
Leadership skill
identify the true statements about managing cycle stocks. (Check all that apply.) Multiple select question. The primary driver of cycle stock is the order quantity. Reduction in order costs results in an increase in cycle stock. Offering the lowest possible price per unit regardless of order quantity would result in smaller order quantities. One way to reduce total average inventory is to reduce the order quantity.
The true statements are:
The main driver of the cycle stock represents the order quantity.If the less possible price per unit is offered irrespective of the order quantity so this should have resulted in the fewer order quantities. In order to decrease the overall average inventory, we have to decrease the order quantity.The stock cycle should be managed by:
Order quantity.Few possible prices per unit so that there is a fewer order quantity.When the overall average inventory is decreased so the order quantity is also decreased.But it should not be managed by the decrease in the cost of the order via increment in the cycle stock.
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what are the benefits of traditional Technology
Answer:
They dont cost like a thousand dollars.
Explanation:
Explanation:
They don't cost of thousand dollars.
Betty heads the production department at Riffer Inc., a firm that stresses the importance of maintaining regular contact with customers. Betty is expecting a labor surplus in the future. Mike, a supervisor, recommends downsizing as an option to deal with this labor surplus, however, Betty rejects this option. Which statement will validate that Betty made the right decision?
Answer: Downsizing would hurt long-term organizational effectiveness.
Explanation:
Downsizing as much as to cut labour is not really a good plan on the long run due to the company gets to miss their best talents at a larger rate. One of the best way to control a labour surplus is by limiting intakes into the organization until there is a great need for one. This is what Betty made the right decision by not downsizing which would hurt the organization on a long term.
After operating for years as a privately held corporation, MidAtlantic Ironworks plans to publicly trade its stock. As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The ________ provides the best fit for MidAtlantic's plans.
Answer:
I think the answer is"manager".
As a midsized firm, MidAtlantic wants to avoid excessive paperwork, and the fear of being delisted in the future. The over-the-counter market provides the best fit for MidAtlantic's plans.
What is over-the-counter market?Without the use of a central exchange or broker, market participants can trade stocks, commodities, currencies, or other financial instruments directly between two parties in a decentralized market known as an over-the-counter (OTC) market.
Since there are no physical sites for over-the-counter markets, trading is done online. Comparing this to an auction market structure is completely different. OTC marketplaces often have less transparency and are subject to fewer restrictions than exchanges.
By quoting prices at which they will purchase and sell a security, currency, or other financial instruments, dealers serve as market makers in an OTC market. In an OTC market, a trade can be made between two parties without the other parties being aware of the price at which the deal was made.
Even though OTC markets run smoothly most of the time, there remains a risk known as a counter-party risk that one of the parties to the transaction may default before the deal is finished or won't fulfill the current and future payments that are stipulated in the contract.
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You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing statement was incorrect. After looking over the statement, you determine that the customer is mistaken: the statement is correct. What should you do before writing your message
Answer:
As usual we should correct our mistake
In the economy of Nocoin bank deposits are ​$ billion. Bank reserves are ​$ ​billion, of which two thirds are deposits with the central bank. Households and firms hold ​$ billion in bank notes. There are no coins. Calculate the monetary base and the quantity of money. Calculate the​ banks' desired reserve ratio and the currency drain ratio​ (as percentages).
Answer:
a.$90 billion
b. $330 billion
c. 20 percent
d. 10 percent
Explanation:
a Calculation to determine Calculate the monetary base
Using this formula
Monetary base =Reserves +Bank notes (dollar bills)
Let plug in the formula
Monetary base=$60 billion+ $30 billion
Monetary base= $90 billion
Therefore the Monetary base is $90 billion
b . Calculation to determine The quantity of money
Using this formula
Quantity of money =Deposits+Bank notes (dollar bills)
Let plug in the formula
Quantity of money=$300 billion+$30 billion
Quantity of money=$330 billion
Therefore Quantity of money is $330 billion
c. Calculation to determine The banks' desired reserve ratio
Banks' desired reserve ratio =2/3*$30 billion
Banks' desired reserve ratio=20 percent.
Therefore the Banks' desired reserve ratio is 20 percent
d. Calculation to determine The currency drain ratio
Currency drain ratio =1/3*$30 billion
Currency drain ratio=10 percent
Therefore Currency drain ratio is 10 percent sure
J is issued a Life Insurance policy with a death benefit of $100,000. She pays $600 per year in premium for the first 5 years. The premium then increases to $900 per year in the sixth year, and remains level thereafter. The policy's death benefit also remains at $100,000. Which type of Life Insurance policy is this?
Answer:
Modified Premium Life
Explanation:
The modified premium life is the whole life insurance policy in which the insured person paid the lower amount of premium as compared with the agreed amount for the given time period. When the given time period is done so the payment of the premium should be increased and it can be high as compared to the normal amount
So this means that the premium should be less for 5 years and it could be increased in the sixth year and so on
Therefore the option d is correct
