Demand theory is an economic principle relating to the relationship between consumer demand for goods and services and their prices in the market. In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded.
An increase in the price of a good may arise from an increase in the price of its substitute, ceteris paribus.’ Explain this statement using an example from the leisure or tourism sector.
Answers
The statement suggests that an increase in the price of a good can be caused by an increase in the price of its substitute, assuming all other factors remain constant. This concept is derived from the law of demand, which states that as the price of a good increases, the quantity demanded decreases.
In the context of the leisure or tourism sector, this means that if the price of a particular tourist attraction or destination increases, consumers may choose to substitute it with a similar alternative that offers a lower price, resulting in a decrease in demand for the more expensive option.
For example, let's consider two popular tourist destinations: Beach A and Beach B. Assume that Beach A and Beach B are close substitutes, offering similar amenities and experiences. If the price of visiting Beach A increases, consumers who are price-sensitive may choose to visit Beach B instead, as it still provides a similar beach experience but at a lower cost.
This substitution behavior occurs because consumers seek to maximize their utility by selecting the option that offers the best value for their money. Consequently, the increase in the price of Beach A leads to a decrease in its demand while boosting the demand for the more affordable alternative, Beach B.
This demonstrates the inverse relationship between price and quantity demanded as a result of the availability of substitutes.
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Related Questions
Drag the tiles to the correct boxes to complete the pairs. Match each law with its benefit for consumers. Economic Growth and Regulatory Paperwork Reduction Act Fair Credit Reporting Act Federal Deposit Insurance Act Children's Online Privacy Act Consumer disputes financial information reported to a credit scoring company. arrowRight Consumer has less paperwork to go through to buy a new house. arrowRight Consumer refuses to provide their five-year-old child's financial data to a company. arrowRight The FDIC has the right to review companies for consumers. arrowRight
Answers
Answer:
1. Economic Growth and Regulatory Paperwork Reduction Act - Consumer has less paperwork to go through to buy a new house
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) is a law that requires that the regulatory bodies of Federal Deposit Insured Corporation insured institutions such as banks and savings organisations review the documents they require from said banks to see if there are any unnecessary requirements needed. This will translate to fewer paperwork for the customers of such banks who for instance seek a mortgage to buy a house.
2. Fair Credit Reporting Act - Consumer disputes financial information reported to a credit scoring company
The Fair Credit Reporting Act (FCRA) gives consumers the right to dispute the information reported to a credit scoring company. It also regulates how these companies are allowed to collect and share the acquired data.
3. Federal Deposit Insurance Act - The FDIC has the right to review companies for consumers
4. Children's Online Privacy Act - Consumer refuses to provide their five-year-old child's financial data to a company.
The Children's Online Privacy Protection Act was passed in 1998 as a means to allow parents to determine what information about their children that websites can collect. Children in this case refers to people under the age of 13.
list any four other branches of finance apart from public finance
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Finance is a vast field that encompasses various sub-fields or branches, each dealing with a specific aspect of the financial system.
Apart from public finance, there are numerous other branches of finance that individuals, businesses, and governments can utilize. Some of the most common branches of finance include: 1. Corporate finance - This branch of finance deals with financial management within organizations, such as budgeting, investment decisions, and financial risk management. 2. Personal finance - Personal finance is focused on helping individuals manage their finances, including budgeting, retirement planning, and investment management.
3. Investment finance - Investment finance is focused on analyzing and managing various types of investment opportunities, including stocks, bonds, and real estate. 4. International finance - International finance deals with financial transactions between different countries, such as foreign exchange rates, international trade, and global investment opportunities. In summary, finance is a broad field that encompasses various branches, including corporate finance, personal finance, investment finance, and international finance.
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Which is a risk in IS development?
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Answer:
System Unavailability U r correct . A risk is a potential problem. It's an activity or event that may compromise the success of a software development project. Risk is the possibility of suffering loss, and total risk exposure to a specific project will account for both the probability and the size of the potential loss.Explanation:
Hope this helps you !!Consider the following reaction: For the mechanism below, list all mechanistic errors, including errors and omissions of notation, and all unreasonable steps. If you judge a step as unreasonable, provide a brief justification of why you judge it unreasonable. Use structure numbers and/or step letters (shown in bold) to refer to specific errors. List your items as bullet points (one error per bullet point). Make sure you list specific errors. Do not list possible alternatives. 1 2 3 4
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I apologize, but the question you provided seems to be related to a specific mechanism in chemistry. As a text-based AI, I cannot see or analyze specific diagrams or mechanisms.
1. Check for missing or incorrect electron movements: Look for any missing arrows indicating the movement of electrons, or any arrows that are pointing in the wrong direction. These errors can disrupt the flow of electrons and hinder the formation of products.
2. Assess the stability and reactivity of intermediates: Evaluate the stability and reactivity of any intermediate species that are formed during the reaction. If an intermediate is highly unstable or unreactive, it may indicate an unreasonable step.
3. Analyze the overall energy profile: Consider the energy changes associated with each step of the mechanism. If a step involves an energetically unfavorable transition state or a large energy barrier, it may be considered unreasonable.
4. Look for violation of established reaction principles: Check if any steps violate well-established reaction principles, such as the conservation of mass, charge, or the laws of thermodynamics.
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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answers
Answer:
It is the 529 plan to save money for college.
Explanation:
27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Answers
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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Use this with "kind."
True
False
Answers
Answer:
??? what do you mean? please be more elaborate
At June 30, 2022, the end of its most recent fiscal year, Green River Computer Consultants' post-closing trial balance was as follows: Debit Credit Cash $5,230
Accounts receivable 1.200 Supplies 690 Accounts payable $400
Unearned service revenue 1,120 Share Capital 3,600 Retained earnings 2,000 $7.120 $7,120 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Green River conducted the following transactions during July 2022, and adjusts its accounts monthly.
July 1 Purchased equipment, paying $4,000 cash and signing a 2-year note payable for $20,000. The equipment has a 4-year useful life. The note has a 6% interest rate which is payable on the first day of each following month.
2 Issued 20,000 shares of common stock for $50,000 cash. 3
3 Paid $3,600 cash for a 12-month insurance policy effective July 1. 3 6 Paid the first 2 (July and August 2022) months' rent for an annual lease of office space for $4,000 per month Paid $3,800 for supplies. .
9. Visited client offices and agreed on the terms of a consulting project. Green River will bill the client, Connor Productions, on the 20th of each month for services performed. 10 Collected $1.200 cash on account from Milani Brothers. This client was billed in June when Green River performed the service. 13 Performed services for Fitzgerald Enterprises. This client paid $1,120 in advance last month. All services relating to this payment are now completed. 14 Paid $400 cash for a utility bill. This related to June utilities that were accrued at the end of June.
16 Met with a new client, Thunder Bay Technologies. Received $12,000 cash in advance for future services to be performed.
18. Paid semi-monthly salaries for $11,000. 20 Performed services worth $28,000 on account and billed customers. 20 Received a bill for $2,200 for advertising services received during July. The amount is not due until August 15. 23 Performed the first phase of the project for Thunder Bay Technologies. Recognized $10,000 of revenue from the cash advance received July 16.
27 Received $15.000 cash from customers billed on July 20.
Adjustment data:
1. Adjustment of prepaid insurance. 2. Adjustment of prepaid rent. 3.Supplies used, $1,250. . 4. Equipment depreciation, $500 per month. 5. Accrual of interest on note payable. 6. Salaries for the second half of July, $11,000, to be paid on August 1. . 7. Estimated utilities expense for July, $800 (invoice will be received in August). 8.Income tax for July $1,200, will be paid in August. The chart of accounts for Green River Computer Consultants contains the following accounts: Cash, Accounts Receivable, Supplies, Prepaid Insurance. Prepaid Rent, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Notes Payable, Interest Payable, Income Taxes Payable, Salaries and Wages Payable, Unearned Service Revenue, Share Capital, Retained Earnings, Dividends, Income Summary, Service Revenue, Supplies Expense, Depreciation Expense, Insurance Expense, Salaries and Wages Expense, Advertising Expense, Income Tax Expense, Interest Expense, Rent Expense, Supplies Expense, and Utilities Expense. Enter the July 1 balances in the ledger accounts. Cash
Accounts Receivable
Supplies Accounts Payable Unearned Service Revenue Common Stock
Retained Earnings
Answers
Based on the information provided, the beginning balances in the ledger accounts on July 1, 2022, are as follows:
Cash: $5,230 (Debit)
Accounts Receivable: $1,200 (Debit)
Supplies: $690 (Debit)
Accounts Payable: $400 (Credit)
Unearned Service Revenue: $1,120 (Credit)
Share Capital: $3,600 (Credit)
Retained Earnings: $2,000 (Credit)
After recording all the transactions and adjusting entries for July, the ledger accounts will be updated accordingly. Some key transactions and adjustments include:
- Issuing 20,000 shares of common stock for $50,000 cash
- Recognizing revenue from the advance payment from Thunder Bay Technologies ($10,000)
- Adjustment of prepaid insurance and prepaid rent
- Equipment depreciation of $500 per month
- Accrual of interest on the note payable
- Recording salaries, advertising, and income tax expenses
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Which type of investment would be an example of an investment at point B? a US savings bond a CD a stock a savings account.
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From the information given, an example of an investment at point B will be C. Stock.
It can be noted that investment B has a high risk, and this implies that the investor can lose a lot of money by adopting this type of experiment. Among the options given, the experiment that best fits this concept is stock.
In the stock market, an investor acquires pieces of companies which can brng about enormous financial stability. Such companies are doomed to the success of a region's economy.
In conclusion, the correct option is stock.
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C. a stock
Correct on edge 2022
1. What is the purpose of using credit?
2. List several sources of consumer credit.
3. What types of information are asked for on a typical credit
Application?
4. How are store credit accounts different from bank credit card
Accounts?
5. How are credit cards different from charge cards?
6. How is a single payment similar to an installment loan? How is it
Different?
7. Give two examples of collateral that might be used to secure a loan.
8. What is the responsibility of a cosigner of a loan?
9. How is a line of credit different from other types of loans?
10. List several benefits of using credit.
Answers
Answer: To earn CREDIT
Explanation:
g You want to have $12,500 in your savings account 7 years from now to pay for a luxurious family cruise vacation. How much do you have to deposit today to reach this goal if you can earn 4.9 percent on your savings
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To have $12,500 in a savings account 7 years from now, earning a 4.9 percent interest rate, you would need to deposit approximately $9,069.46 today that will accumulate to the desired goal.
The calculation involves using the concept of compound interest. We can use the future value formula to determine the compound interest amount:
Future Value = Present Value * (1 + Interest Rate)^Time
In this case, the future value is $12,500, the interest rate is 4.9 percent (or 0.049 as a decimal), and the time period is 7 years. We need to solve for the present value (deposit amount).
$12,500 = Present Value * (1 + 0.049)^7
To find the present value, we can rearrange the formula:
Present Value = $12,500 / (1 + 0.049)^7
Calculating the equation:
Present Value = $12,500 / (1.049)^7
Present Value = $12,500 / 1.379064
Present Value ≈ $9,069.46
Therefore, to reach the goal of having $12,500 in the savings account 7 years from now with a 4.9 percent interest rate, you would need to deposit approximately $9,069.46 today.
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If a country wants to decrease its national debt as quickly as possible, what
kind of budget will it most likely create?
A. One that decreases taxes and decreases spending
B. One that decreases taxes and increases spending
C. One that increases taxes and decreases spending
D. One that increases taxes and increases spending
Answers
Most definitely and without a doubt C
If a country wants to decrease its national debt, one that increases taxes and decreases spending.
What is the national debt?The national debt is the debt of the country.
It is the money the country borrowed from the World Bank.
Manipulation in the interest rates and lower interest rates helps in lowering the national debt.
Thus, the correct option is C. One that increases taxes and decreases spending
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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Taxes: The Internal Revenue Service reports that the mean federal income tax paid in the year 2010 was $8040. Assume that the standard deviation is $4700. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Part 1 of 5 (a) What is the probability that the sample mean tax is less than $8100 ? Round the answer to at least four decimal places. The probability that the sample mean tax is less than $8100 is Part 2 of 5 (b) What is the probability that the sample mean tax is between $7600 and $8000 ? Round the answer to at least four decimal places. The probability that the sample mean tax is between $7600 and $8000 is Part 3 of 5 (c) Find the 10 th percentile of the sample mean. Round the answer to at least two decimal places. The 10 th percentile of the sample mean is $ (c) Find the 10 th percentile of the sample mean. Round the answer to at least two decimal places. The 10 th percentile of the sample mean is $ Part 4 of 5 (d) Would it be unusual if the sample mean were less than $7600 ? Round answer to at least four decimal places. It unusual because the probability of the sample mean being less than $7600 is Part 5 of 5 (e) Do you think it would be unusual for an individual to pay a tax of less than $7600 ? Explain. Assume the variable is normally distributed. answer to at least four decimal places. because the probability that an individual to pays a tax less than $7600 is
Answers
To solve these problems, we can use the concept of the sampling distribution of the sample mean and the z-score.
Given:
Mean (μ) = $8040
Standard deviation (σ) = $4700
Sample size (n) = 1000
Part 1 of 5 (a):
To find the probability that the sample mean tax is less than $8100, we need to calculate the z-score and then find the corresponding probability using a standard normal distribution table.
First, calculate the standard error of the sample mean:
Standard Error (SE) = σ / √n = $4700 / √1000 ≈ $148.50
Next, calculate the z-score:
z = (X - μ) / SE = ($8100 - $8040) / $148.50 ≈ 0.404
Now, we can find the probability using the z-table:
P(Z < 0.404) ≈ 0.6563
So, the probability that the sample mean tax is less than $8100 is approximately 0.6563.
Part 2 of 5 (b):
To find the probability that the sample mean tax is between $7600 and $8000, we need to calculate the z-scores for both values and then find the difference in probabilities.
For $7600:
z1 = (X1 - μ) / SE = ($7600 - $8040) / $148.50 ≈ -2.966
For $8000:
z2 = (X2 - μ) / SE = ($8000 - $8040) / $148.50 ≈ -0.269
Now, we can find the probabilities using the z-table:
P(Z < -0.269) ≈ 0.3938
P(Z < -2.966) ≈ 0.0014
To find the probability between the two values, we subtract the smaller probability from the larger probability:
P(-2.966 < Z < -0.269) ≈ 0.3938 - 0.0014 ≈ 0.3924
So, the probability that the sample mean tax is between $7600 and $8000 is approximately 0.3924.
Part 3 of 5 (c):
To find the 10th percentile of the sample mean, we need to find the z-score that corresponds to the cumulative probability of 0.10.
Using the z-table, we find that the z-score corresponding to a cumulative probability of 0.10 is approximately -1.28.
Now, we can calculate the sample mean value:
Sample Mean = μ + (z * SE) = $8040 + (-1.28 * $148.50) ≈ $7892.16
So, the 10th percentile of the sample mean is approximately $7892.16.
Part 4 of 5 (d):
To determine if it would be unusual for the sample mean to be less than $7600, we need to calculate the probability.
First, calculate the z-score:
z = (X - μ) / SE = ($7600 - $8040) / $148.50 ≈ -2.966
Using the z-table, we find that the probability of a z-score less than -2.966 is approximately 0.0014.
So, the probability of the sample mean being less than $7600 is approximately 0.0014.
Part 5 of 5 (e):
To determine if it would be unusual for an individual to pay a tax of less than $7600, we can use the concept of z-score and the standard normal distribution.
Since
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which of the following describes what happens when bonds are issued when the market interest rate is less than the stated interest rate?
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The bonds are issued at a premium describes what happens when bonds are issued when the market interest rate is less than the stated interest rate
Bonds that trade above their face value or cost more than their face value are referred to as premium bonds. Because its interest rate is higher than those of the current market, a bond may trade at a premium. The bond's price may also increase as a result of the company's and the bond's credit ratings.
A bond is simply selling for more than its face value if it is trading at a premium. Bond investments should be assessed in light of anticipated future short- and long-term interest rates, as well as whether the current interest rate is sufficient given the bond's relative default risk, expected inflation, bond duration (interest rate risk associated with the length of the bond term), and price sensitivity in light of yield curve changes.
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Bonds are a form of long-term, interest-bearing security issued by corporations and governments After issuance, bonds can be traded on exchanges Bond certificate provides written evidence of borrowing companys obligation to repay lender for principle borrowed plus accumulated interest Bond certificate indicates the name of the issuer, the face value* of the bonds, the contractual interest rate, and the maturity date
How is a person counted as unemployed ?
Answers
If prices have decreased since the base period, then Select one: a. real GDP is equal to nominal GDP. b..real GDP is larger than nominal GDP. c. there is no way to adjust nominal GDP so that it equals real GDP. d. real GDP is smaller than nominal GDP.
Answers
If prices have decreased since the base period, then real GDP is larger than nominal GDP. So, the correct option is (b).
The correct statement is:
b. real GDP is larger than nominal GDP.
When prices have decreased since the base period, it indicates a decrease in the overall level of prices or deflation. In this case, the purchasing power of money increases, meaning that the same amount of money can buy more goods and services.
When calculating real GDP, which adjusts for changes in prices, the decrease in prices would result in a higher real GDP compared to nominal GDP. Real GDP measures economic output in constant prices, removing the effect of price changes over time. Therefore, real GDP will be larger than nominal GDP when prices have decreased.
Option a is incorrect because real GDP is not equal to nominal GDP when prices have decreased.
Option c is incorrect because nominal GDP can be adjusted to equal real GDP by accounting for changes in prices using appropriate price indices.
Option d is incorrect because real GDP is larger than nominal GDP when prices have decreased, as explained above.The correct statement is:
b. real GDP is larger than nominal GDP.
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You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
Who heads each of the branches of federal reserve banks and looks after their functioning?
Answers
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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if an item costs 4 euros in germany, assuming purchasing power parity with current exchange rates of $1.3135/€, what is the price of the item in the u.s.?
Answers
The price of the item in the U.S. would be approximately $5.254.
To calculate the price of the item in the U.S., we need to convert the cost from euros to U.S. dollars using the given exchange rate of $1.3135/€.
We can calculate the price in U.S. dollars by multiplying the cost in euros by the exchange rate:
Price in U.S. dollars = Cost in euros * Exchange rate
In this case, the cost in euros is 4 and the exchange rate is $1.3135/€:
Price in U.S. dollars = 4 euros * $1.3135/€
Simplifying the calculation:
Price in U.S. dollars = 4 * $1.3135
Price in U.S. dollars ≈ $5.254
Therefore, the price of the item in the U.S. would be approximately $5.254.
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Do you think JNK should be more ethical? Explain your answer.
Answers
Answer:
"god is a woman"
Explanation:
"and its megan thee stallion"
Determine whether the two triangles are similar.
- ΔLOM ~ ΔPON by SSA~
- The triangles are not necessarily similar.
- ΔLOM ~ ΔPON by SAS~
- ΔLOM ~ ΔPON by AA~
Answers
The given statement "ΔLOM ~ ΔPON by AA" implies that the triangles ΔLOM and ΔPON are similar based on the Angle-Angle similarity criterion.
This means that the corresponding angles of the two triangles are equal.
However, without additional information about the sides or angles of the triangles, we cannot conclusively determine their similarity. The SSA (Side-Side-Angle) criterion is not sufficient to establish similarity, and therefore the statement "ΔLOM ~ ΔPON by SSA" is incorrect. It's important to consider both angle and side relationships to determine similarity accurately.
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How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Answers
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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abc industries has a cash balance of $50,000; accounts payable of $150,000; inventory of $190,000; accounts receivable of $250,000; notes payable of $210,000; and accrued wages and taxes of $40,000. how much net working capital does the firm need to fund?
Answers
Net working capital does the firm need to fund $90,000 .
An industry is a prison entity shaped by means of a group of individuals to engage in and function as a commercial enterprise—business or business—organization. An industry may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.
There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.
Typically recognized forms of agencies like, private agencies and Public agencies are defined based totally on a number of individuals (shareholders). In any company, besides OPC, the membership can be held by way of any man or woman or even a frame corporate.
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What initially stalled the adoption of behind-the-plate signage in the mlb?.
Answers
The reason the adoption of the Behind-The-Plate Signage was stalled at the Major League Baseball (MLB) was that:
"In the early 90s, George Steinbrenner thought it was a "slippery path to a bad place". The main source of concern was that it would lead to overcommercialization.
When did the objections to the Behind The Plate Signage abate?
The resistance to the idea of installing signages for adverts behind-the-plate disappeared after the 1993 season.
One of the reasons that helped was the increase in revenues as a result of the installation of the signages.
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Imagine that you are a college student, and you use Tasks to manage all your school assignments. Would there be any disadvantages to this system?
Answers
Homework can develop time management skills, forcing students to plan their time and make sure that all of their homework assignments are done on time.
Answer:
Explanation: i though the same thing
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answers
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry knowledgeWeaknesses
Insufficient Equipment to go withWeak or zero visibility for new businessOpportunities
Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current locationThreats
The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.Part II
Answer:
The persons I would give the business plan to are:
My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 yearsI would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.Cheers
the global tuna trade is a huge money-making venture, due to the japanese people’s desire for sushi and sashimi. trace the lengthening tuna commodity chain to understand the interconnectedness of worldwide trade and commerce.
Answers
The global tuna commodity chain begins with the fishing vessels that catch tuna in international waters or exclusive economic zones.
The fish is then processed, either on board the vessels or at a processing plant, before being delivered to various markets around the world. The Japanese market is particularly significant for the tuna trade, with significant demand for sushi and sashimi.
To meet this demand, the tuna is then imported to Japan, where it is sold to retailers, wholesalers, and restaurant owners. In some cases, the tuna may also be frozen and transported to other countries for sale. Finally, tuna is consumed by the public.
This commodity chain demonstrates the interconnectedness of global trade and commerce. Fishing vessels from multiple countries are needed to catch the tuna, while transportation and processing companies are used to move the tuna from its source to its final destination.
Furthermore, the tuna is then purchased by companies and individuals in Japan and around the world, demonstrating the vastness of the global economy.
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Through transformational leadership, employees can receive greater ________ from their membership in the organization
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Through transformational leadership, employees can receive greater satisfaction from their membership in the organization.
Transformational leadership is a leadership style that inspires and motivates subordinates to realize their full potential and exceed their own expectations. This type of leadership involves creating a vision for the organization and direction, and empowering employees.
Transformational leaders are known for their ability to create a positive organizational culture that values employee development, growth, and happiness. They encourage open communication, collaboration, and a sense of community within the organization.
By providing employees with greater satisfaction, transformational leadership can lead to a range of positive outcomes, including increased motivation, productivity, and performance.
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