Assuming you sell the annuity, your uncle would earn a rate of return of 15.33%.
To calculate this, we need to determine the present value of the annuity.
The formula for the present value of an annuity is:
PV = A x [((1 - (1 + i)^-n) / i]
where A is the annual payment, i is the rate of return, and n is the number of years.
In this case, A = 15,000, n = 12, and we need to calculate i.
We know that the PV = 92,000, so we can rearrange the equation to:
i = [(1 - (92,000/15,000)^-1/12] / [1 - (92,000/15,000)^-1/12]
Once we plug in the values, we get i = 0.1533 or 15.33%.
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Select the statement that does not identify a problem that suggests that the regulatory approach will prove inadequate over the long term.
Multiple Choice
a.It underestimates the ability of business to influence consumer choice.
b.It assumes that business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
c.It underestimates the influence that business can have in establishing the law.
d.Itt assumes that economic growth is environmentally and ethically benign.
The articulation that does not distinguish an issue recommending that the administrative approach will demonstrate lacking over the long term is:
b.It assumes that the business fulfills its environmental responsibility when it responds to the environmental demands of consumers.
This explanation does not highlight an issue with the administrative approach. Instep, it proposes that when businesses react to natural requests from customers, they are satisfying their natural obligation.
This viewpoint accepts that businesses are responsive to shopper requests and will take fitting activities to address natural concerns.
On the other hand, choices a, c, and d highlight potential issues with the administrative approach.
Choice A focuses on that the administrative approach may belittle the capacity of businesses to impact buyer choices, possibly driving them to insufficient direction.
Choice c recommends that the administrative approach may think little of the impact that businesses have in setting up laws, which may lead to administrative capture or insufficient authorization.
Choice d shows that the administrative approach may expect that financial development is naturally and morally generous, possibly neglecting negative impacts and the requirement for stricter directions.
Subsequently, choice b does not distinguish an issue with the administrative approach, whereas alternatives a, c, and d raise concerns about its ampleness over the long term.
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clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?
Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.
The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.It is said to have new features to improve functionality and its use.
A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.
The full question is below
Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?
O product development software
O mobile task management technology O advanced shipping notices fulfillment centers
O routing systems
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What is an economic system in which people are free to control and own the means of production?
In the following question, among the given options, the statement is said to be The economic system in which people are free to control and own the means of production is known as Capitalism.
What is Capitalism? Capitalism is an economic system based on the ownership of the means of production and the creation of goods and services for profit. It is defined as a system where the means of production are owned privately, and businesses aim to generate profits by producing and selling goods and services in a free-market economy.
The government's role in capitalism is limited, and prices, production, and the distribution of goods and services are determined by supply and demand. This system encourages competition and innovation, as businesses must strive to create better products and services to stay competitive.
Capitalism is divided into two categories: laissez-faire capitalism and welfare capitalism. Laissez-faire capitalism is a system in which the government has no role in regulating or overseeing the economy, whereas welfare capitalism is a system that combines elements of capitalism with government intervention to ensure social welfare and economic stability.
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Help me with this please.
Answer:
its customer service and desion making
Explanation:
hope it help btw i search it up and it said that so its right
Drag each label to the correct location on the image.
Differentiate between the factors that influence the customer's behavior based on the given scenarios.
Tony is contemplating purchasing
a new sports car, but his family
wants him to invest in an SUV.
Tina really wants to purchase
that new cosmetic product,
but she has learned that the
company participates in animal
testing, which she is against.
Carrie has gotten into an
argument with her best friend.
She feels bad because she said
some hurtful things to her friend.
So she buys her friend's favorite
Laura's friends want her to
purchase that flashy evening
dress for the Christmas party, but
she doesn't think it will suit her.
Clive wants to take his family on
a vacation to South Africa, but
he doesn't have enough savings
to make that happen.
Ron wants to buy a dessert for
a dinner party he has been invited
to. He remembers his friends
talking about this particular
cheesecake that is delicious
The following variables play a role in determining how customers behave in each scenario: social influence, individual values, emotional state, individual preferences for fashion, financial restraints, and word of mouth.
What additional elements might have been elaborate in detail?Provide specific details. Babies, teens, middle-aged adults, and the elderly are other age-related considerations that should be taken into account because they all have various wants and requirements for cosmetics and beauty products.
What are the specific factors influencing customer behaviour?Many elements, including circumstance, psychological, environmental, and marketing aspects, as well as individual, familial, and cultural influences, affect consumer behaviour. Companies make an effort to gather data so they may decide how to most effectively contact their target audience.
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Studies have shown a direct correlation between recreation and leisure to wellness. Do
you agree with this assertion? Justify your answer.
The studies that show that there is a direct correlation between recreation and leisure to wellness should be agreed with because a rested mind is better off than a stressed mind.
What are the benefits of leisure and recreation?The greatest sector of the global economy is leisure and recreation. It's simple to see why recreation and leisure are beneficial aspects of life. Both adults and children can build their leadership skills through sports and youth activities. Beauty improves environmental protection and wellness through green areas.
Through the chance for light exercise and the ability to reflect on natural beauty, this same beauty aids in reducing stress. There are various places where you can have wilderness experiences.
We can therefore see that if one engages in leisure and recreation, they have a better chance of resting their minds. When this happens, they will be better off and feel healthier. The direct correlation between recreation and leisure to wellness is therefore true.
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According to the following table, which of these factors affects your credit
score the least?
Percent affects score
Max # of points
2973
Factor
wwarded
Payment history
Amount owed
Length of credit
history
New credit
Types of credit
30%
15%
1275
10%
10%
85
85
Answer: New credit
Explanation:
According to the following table, new credit, of these factors affects your credit score the least. Therefore, option (a) is correct.
What is credit score?Based on a thorough examination of a person's credit files, a credit score is a numerical representation that reflects their creditworthiness. Credit scores are determined by statistically analyzing a person's financial history, which includes their payment history, credit utilization, duration of credit history, categories of credit utilized, and most recent credit queries.
A person who has applied for new credit is said to have credit lines or loans that they did not previously have. One component of a person's credit report, it impacts whether their credit score will increase or decrease. Because it adds a hard query to their credit report, applying for new credit can temporarily lower a person's credit score.
As a result, the significance of the these factors impacts credit score the least are the aforementioned. Therefore, option (a) is correct.
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Make a business plan with a :
Detail of Sale.
Name
Cost price of products
Selling price
Expected Profit
Target market
Capital
1How much is required??
2From where are you going to get it from
Marketing strategy
Products for sale
gggggggggggggggggggggggggggggggggggggggggggggggggggggggg
During the taking of its physical inventory on December 31, 20Y3, Corbin Company incorrectly counted its inventory as $141,995 instead of the correct amount of $153,355. Indicate the effect of the misstatement on Corbin's December 31, 20Y3, balance sheet, or income statement for the year ended December 31, 20Y3. For each, select if the amount is overstated or understated. Then, input the over or under amount, entered as a positive value.
Cost of goods sold______ ________ $ ______
Current assets ______ ________ $ ______
Gross profit ______ ________ $ ______
Inventory Balance______ ________ $ ______
Net income______ ________ $ ______
Stockholders' equity ______ ________ $ ______
Total assets ______ ________ $ ______
Feedback Check My Work When the ending inventory is understated or overstated, consider how this understatement or overstatement affects both current and total assets on the balance sheet. Since cost of merchandise sold is an expense, what is the impact of an understated or overstated expense on gross profit and net income on the income statement and on owner's equity in the balance sheet?
The misstatement of inventory by Corbin Company has an understated impact on cost of goods sold, current assets, gross profit, inventory balance, net income, and total assets on the balance sheet.
As the inventory is understated by Corbin Company, it is important to determine the effect of this misstatement on Corbin's December 31, 20Y3, balance sheet or income statement for the year ended December 31, 20Y3. The following effects can be seen due to the misstatement:
Cost of goods sold Understated by $11,360 (153,355 – 141,995).Current assets Understated by $11,360 (153,355 – 141,995).Gross profit Understated by $11,360 (153,355 – 141,995).Inventory Balance Understated by $11,360 (153,355 – 141,995).
Net income Understated by $11,360 (153,355 – 141,995).Stockholders' equity No effect as it is not affected by the misstatement of inventory. Total assets Understated by $11,360 (153,355 – 141,995).
Hence, the misstatement of inventory by Corbin Company has an understated impact on cost of goods sold, current assets, gross profit, inventory balance, net income, and total assets on the balance sheet.
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______ goods are goods and services that the private sector often provides, meaning they are exclusive and can be exhausted.
Private goods are goods and services that the private sector often provides, meaning that they are exclusive and can be exhausted.
Private goods are services and products that must be purchased for consumption and are exhaustive which means that the use of one person inhibits the use of another. Private goods are exclusive which means that they are available for a percentage of the population as opposed to public goods which are neither exclusive (i.e. available to everyone) nor rival in consumption(cannot be exhausted by saturated use).
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the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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although there are many functions that are important in both the start-up and management phases of the business, what two functions are considered to be primary concerns?
There are several important functions when starting-up and managing a business but the two primary functions are planning and financing.
What are the most important functions in business?When starting up a business, and then subsequently managing it, the most important, or the primary functions that one should be concerned with are planning and financing.
Planning ensures that one knows what the goals of the business are and so manages it to achieve those goals. Financing deals with ensuring that the funds needed to start the business and run it, are available.
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Which of these is not a benefit of working as a team
Answer:
I think it's D
Explanation: As a team, you can share the workload instead of having it piled up on you only
What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
Planning is an important part of management. You find your batting cages can serve 20 customers each per day and take up about 1,600 square feet each. In two years, you hope to serve 300 customers per day. About how much room will you need just for batting cages? a) 12,000 b) 17,000 c) 20,050 d) 24,000.
The spaces taken up to serve 300 customers per day is; 24,000 square feet each. The crucial job of administration is planning, which is choosing in before hand what needs to be done in the future.
what time it needs to be done, what method it should be done, and who should do it. It's a cognitive process that establishes a company's aims and creates numerous action plans to help the association reach those intentions. It lays out precisely how to achieve a particular ideal. Planning is simply thinking before doing an activity. It enables us to look into the future and plan in advance how to tackle the problems we will face in the future. It requires logical sense and sound judgment.
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What is an introductory APR and how does it compare to a standard APR?
Answer:
The introductory APR is the interest rate that the loan or credit card starts out at..(usually a promotional tool)and the standard rate is what the rate normally is.. the set rate
Explanation:
NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.
Answer:
year
Explanation:
Answer:
Government and year I believe
The indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
question 8 options:
true
false
It is a true statement that an indirect approach to organizing negative messages opens with the reasons behind the bad news before presenting the bad news itself.
What is an negative messages?This refers to a kind of letter, memo, news that conveys negative information which will likely to disappoint, upset or anger the reader, listener etc
However, the indirect approach of organizing these negative messages opens with the reasons behind the bad news before presenting the bad news itself.
Therefore, it is a true statement.
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How did the contribution of the goods producing sector to GDP growth change between 2010 and 2011
A. It fell by 0. 3%.
B. It fell by 2. 3%.
C. It rose by 2. 3%.
D. It rose by 0. 6%.
THE ANSWER IS B
The contribution of the goods-producing sector to GDP growth varies between 2010 and 2011 and it fell by 2.3%. Therefore, option b is the right choice.
Gross domestic product (GDP) is a term that is used to measure the size of an economy. GDP can be compiled for a country, a region (such as Tuscany in Italy or Burgundy in France), or for many countries combined, as in the case of the European Union (EU)
Economic growth (GDP growth) explains the percent change in real GDP, which rectifies the nominal GDP figure for inflation. Real GDP is therefore also known as inflation-adjusted GDP or GDP in constant prices.
In the industry accounts, goods-producing industries comprise of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
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Creative Commons The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans
The factors that can cause an increase in the price of designer jeans are changes in supply and changes in demand. Let's break it down: Changes in supply: If the supply of designer jeans decreases, meaning there are fewer jeans available in the market, this can lead to an increase in the price.
This could happen due to factors such as production issues, scarcity of raw materials, or changes in manufacturing costs. Changes in demand: If the demand for designer jeans increases, meaning more people want to buy them, this can also drive up the price. Increased demand can be influenced by factors like changing fashion trends, celebrity endorsements, or successful marketing campaigns.
It's important to note that both supply and demand factors can influence the price of designer jeans. An increase in demand or a decrease in supply can cause an upward pressure on prices. Conversely, a decrease in demand or an increase in supply can lead to a decrease in prices. The relationship between supply, demand, and price is the foundation of understanding how the market for designer jeans operates.
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onsider the Basic Solow Model with exogenous growth: Y = AK (EL)-a C= (1 - SY Y = C+I K' = 1 + (1 - 8)K L' = (1+n) E = (1 +9) E Assume the following values for the rest of this question: A= 100 α – = 0.35 s= 0.15 8= 0.05 n = 0.02 g= 0.03. compute steady state capital per effective worker. round your answer to at least three decimal places.
To compute the steady state capital per effective worker, we need to find the value of K/E at which investment equals depreciation. In other words, we need to solve for the value of K/E such that (1-S)Y = δK, where δ = (1-8) is the depreciation rate.
We can start by using the production function to express Y in terms of K and E:
Y = AK(EL)-α
We can substitute this expression for Y into the equation for investment:
I = S(Y-C) = S(Y-(1-S)Y) = SY
We can use this expression for investment to express the change in capital per effective worker:
ΔK/E = I/EL - δK/E = SY/EL - δK/E
Substituting the values given in the problem, we have:
ΔK/E = 0.15AK(EL)-α/EL - 0.03K/E
We can simplify this expression by dividing both sides by K/E:
Δ(K/E)/E = 0.15A(K/E)1-α - 0.03(K/E)
This is a first-order difference equation in K/E. To find the steady state value, we set Δ(K/E)/E = 0:
0.15A(K/E)1-α - 0.03(K/E) = 0
Solving for K/E, we get:
K/E = (0.15A/0.03)1/(1-α) = 17.3205
Rounding to three decimal places, we have:
K/E = 17.321
Therefore, the steady state capital per effective worker is approximately 17.321.
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monetarists believe group of answer choices A. real gdp is not determined by m in the long run.
B. velocity is constant
C.. the sras curve is vertical. D. a and c E. a, b and c
Monetarists believe that in the long run, real GDP is not determined by changes in the money supply, but rather by underlying factors such as technology and productivity. The correct option is A.
Monetarists believe in the quantity theory of money, which posits that the level of prices in an economy is directly proportional to the amount of money in circulation. Therefore, they believe that changes in the money supply have a direct impact on the overall level of prices.
Monetarists also believe that velocity, or the rate at which money changes hands, is relatively stable over time.
They argue that changes in the money supply will primarily affect prices rather than output, as increases in the money supply will lead to higher prices if velocity remains constant. Therefore, they advocate for a stable growth rate in the money supply to maintain price stability.
Regarding the supply-side of the economy, monetarists argue that the short-run aggregate supply (SRAS) curve may be upward sloping due to sticky prices and wages.
However, they believe that in the long run, the SRAS curve will become vertical, as wages and prices adjust to changes in the money supply, resulting in a constant output level at the natural rate of unemployment.
In summary, monetarists believe that in the long run, real GDP is not determined by changes in the money supply, but rather by underlying factors such as technology and productivity.
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Critically evaluate and analyse the crucial concerns of companies competing in foreign markets that is whether to customize their product/service offerings in each different country market or whether to offer a standardized product worldwide. Support your answer with reference to specific examples of companies.
Companies competing in foreign markets face the decision of whether to customize their product/service offerings in each different country market or to offer a standardized product worldwide. This decision depends on several crucial concerns, such as cultural differences, consumer preferences, and the economic environment in the target market.
Companies that choose to customize their product/service offerings need to consider the cultural differences and consumer preferences in each country. They need to adjust their products/services to meet the specific needs of the local market. For example, McD-onald’s has customized its menu to suit the local market in each country it operates. In India, McDonald’s has introduced the Mc-Aloo Tikki burger, which is made of a potato-based patty instead of beef. This product caters to the vegetarian population in India, which is significant due to religious beliefs.
Companies that choose to offer standardized products worldwide, on the other hand, need to focus on achieving economies of scale. Standardization allows companies to achieve cost savings by producing a single product that can be sold in different countries. For example, Coca-Cola offers a standardized product worldwide. Coca-Cola’s brand is globally recognized and the same product is sold in different countries with minor variations in packaging, but the taste and ingredients remain the same. This allows Coca-Cola to achieve economies of scale in its production processes and marketing efforts.
In conclusion, the decision of whether to customize product/service offerings or offer a standardized product worldwide depends on several crucial concerns. Companies need to evaluate the cultural differences, consumer preferences, and economic environment in each target market to make an informed decision. Companies that choose to customize their products need to tailor them to meet the specific needs of the local market, while those that choose to offer standardized products focus on achieving economies of scale.
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mongar corporation applies manufacturing overhead to products on the basis of standard machine-hours. budgeted and actual overhead costs for the most recent month appear below: original budget actual costs variable overhead costs: supplies $ 7,980 $ 8,230 indirect labor 29,820 29,610 total variable manufacturing overhead cost $ 37,800 $ 37,840 the original budget was based on 4,200 machine-hours. the company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours. what was the overall variable overhead efficiency variance for the month? multiple choice $130 unfavorable $950 favorable
The overall variable overhead efficiency variance for the month is $950 favorable. The actual machine-hours worked exceeded the standard hours allowed for the actual output. The correct answer is C).
First, let's calculate the standard variable overhead rate per machine-hour:
Standard variable overhead rate = Budgeted variable manufacturing overhead costs / Budgeted machine-hours
Standard variable overhead rate = $37,800 / 4,200 = $9 per machine-hour
Next, let's calculate the total standard variable overhead cost for the actual output:
Total standard variable overhead cost = Standard variable overhead rate × Standard machine-hours allowed
Total standard variable overhead cost = $9 × 4,190 = $37,710
Now we can calculate the variable overhead efficiency variance:
Variable overhead efficiency variance = (Standard machine-hours allowed - Actual machine-hours worked) × Standard variable overhead rate
Variable overhead efficiency variance = (4,190 - 4,350) × $9
Variable overhead efficiency variance = -160 × $9
Variable overhead efficiency variance = $1,440 unfavorable
Therefore, the overall variable overhead efficiency variance for the month is $1,440 unfavorable. The correct option is C).
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_____The given question is incomplete, the complete question is given below:
mongar corporation applies manufacturing overhead to products on the basis of standard machine-hours. budgeted and actual overhead costs for the most recent month appear below: original budget actual costs variable overhead costs: supplies $ 7,980 $ 8,230 indirect labor 29,820 29,610 total variable manufacturing overhead cost $ 37,800 $ 37,840 the original budget was based on 4,200 machine-hours. the company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours. what was the overall variable overhead efficiency variance for the month? multiple choice $130 unfavorable, $950 favorable, $1,440 unfavorable, $650 favorable.
a store will give you a 3.25% discount on the cost of your purchase if you pay cash today. otherwise, you will be billed the full price with payment due in 1 month. what is the implicit borrowing rate being paid by customers who choose to defer payment for the month?
The implicit borrowing rate being paid by customers who choose to defer payment for the month is approximately 42.58%.
To determine the implicit borrowing rate being paid by customers who choose to defer payment for the month, we need to calculate the effective annual interest rate associated with the discount offered for cash payment.
The discount of 3.25% on the cost of the purchase represents the cost of foregoing the cash discount and deferring payment for one month. We can consider this cost as the interest expense for the implicit loan.
To calculate the implicit borrowing rate, we can use the following formula:
Implicit Borrowing Rate = (1 + Discount Rate)^(12 / Number of Months) - 1
In this case, the discount rate is 3.25% (0.0325), and the number of months is 1.
Implicit Borrowing Rate = (1 + 0.0325)^(12 / 1) - 1
= (1.0325)^12 - 1
≈ 0.4258 or 42.58%
Therefore, the implicit borrowing rate being paid by customers who choose to defer payment for the month is approximately 42.58%. This represents the effective annual interest rate they are effectively paying by not taking advantage of the cash discount and deferring payment.
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luis, a professional chef, has carefully developed a set of product attributes for his new line of seasoning mixes, such as the brand name, features/design, and quality level. luis is developing the..
Luis, a expert chef, has cautiously advanced a fixed of product attributes for his new line of seasoning mixes, Luis is growing the real product.
The required details for real product in given paragraph
When it involves advertising a product, many groups assume in general of both the consumable product or the concept of the product. The real product is mostly a secondary thought, and income may also go through if the enterprise does now no longer supply in this aspect. A real product is what the customer holds in his or her hand whilst the product is purchased.
This is the packaging, logo name, brand and all tangible components of the product that may be visible with out commencing or the usage of the product. While the tangible components of the product might not assist the quality, it is able to cause multiplied income if well used.
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a defines how the marketing group will use its resources to support the company's goals for growth and earnings
A marketing plan outlines how to use the company's resources most effectively to accomplish its marketing goals.
What is marketing plan?An organization's advertising strategy for generating leads and reaching its target market is outlined in a marketing plan, which is a practical document.
A marketing strategy outlines the outreach and PR initiatives that will be implemented over time, along with how the business will evaluate their success.
Because a marketing plan is created based on a broad strategic framework, the phrases marketing plan and marketing strategy are sometimes used synonymously.
The strategy and the plan may occasionally be combined into one document, especially for smaller businesses that might only run one or two significant campaigns per year.
While the marketing strategy provides the overall value proposition, the plan details marketing actions on a monthly, quarterly, or annual basis.
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Stores that carry a broad product line, with limited depth, are referred to as ________ stores. Multiple choice question. specialty general merchandise intertype off-price retail
Answer:
General merchandise stores
Explanation: Because this is a type of retail store specializing in selling all products used by the public for everyday general use.
Stores that carry a broad product line, with limited depth, are referred to as general merchandise stores.
General merchandise stores offer a wide variety of products, but they typically do not have a deep assortment within each product category.
This is in contrast to specialty stores, which focus on a specific product category and have a deeper assortment within that category. Intertype stores are a mix of different store types, off-price retail stores sell brand-name merchandise at discounted prices, and main stores are the primary stores in a retail chain.
General merchandise stores appeal to customers looking for a one-stop shopping experience, providing convenience and efficiency. However, they may not offer the same level of selection or expertise as specialty stores in particular product categories.
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Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
There is a gap in the oligopolist’s marginal-revenue curve because:.
Answer:
Oligopoly
An oligopoly is the type of market where there are very few sellers. The firms, therefore, have a choice whether to work in collusion or competition. In this type of market, the demand curve is kinked due to the dynamic nature of the market. The firms in this type of market will engage in heavy advertising to capture a good amount of market share.
Explanation: