the price elasticity of demand between P1 = $30 and P2 = $25 is 0.61, between P1 = $25 and P2 = $20 is 1.29, between P1 = $20 and P2 = $15 is 1.57 and between P1 = $15 and P2 = $10 is -15.93 (all rounded to two decimal places).
The midpoint approach is used to determine the price elasticity of demand between each of the prices given. Price elasticity of demand is a measure of the change in quantity demanded in response to a change in price.
To calculate the price elasticity of demand between P1 = $30 and P2 = $25, we need to calculate the midpoint of the two prices. The midpoint is (30+25)/2 = 27.5. The quantity demanded at P1 is 1025 and at P2 is 2020. To calculate the price elasticity of demand (Ed), we need to use the following formula:
Ed = (2020-1025)/(27.5*(2020+1025)/2).
Ed = 0.61
To calculate the price elasticity of demand between P1 = $25 and P2 = $20, we need to calculate the midpoint of the two prices. The midpoint is (25+20)/2 = 22.5. The quantity demanded at P1 is 2020 and at P2 is 3015. To calculate the price elasticity of demand (Ed), we need to use the following formula:
Ed = (3015-2020)/(22.5*(3015+2020)/2).
Ed = 1.29
To calculate the price elasticity of demand between P1 = $20 and P2 = $15, we need to calculate the midpoint of the two prices. The midpoint is (20+15)/2 = 17.5. The quantity demanded at P1 is 3015 and at P2 is 4010. To calculate the price elasticity of demand (Ed), we need to use the following formula:
Ed = (4010-3015)/(17.5*(4010+3015)/2).
Ed = 1.57
To calculate the price elasticity of demand between P1 = $15 and P2 = $10, we need to calculate the midpoint of the two prices. The midpoint is (15+10)/2 = 12.5. The quantity demanded at P1 is 4010 and at P2 is 50. To calculate the price elasticity of demand (Ed), we need to use the following formula:
Ed = (50-4010)/(12.5*(50+4010)/2).
Ed = -15.93
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The financial statement that shows an entity's economic resources and its liabilities is the statement of cash flows. (T/F)
False. The statement of cash flows is not the financial statement that shows an entity's economic resources and its liabilities.
The statement of cash flows provides information about the cash inflows and outflows of an entity during a specific period, categorizing them into operating activities, investing activities, and financing activities. It focuses on the movement of cash and helps assess the entity's liquidity and cash management.
The financial statement that shows an entity's economic resources and its liabilities is the balance sheet. The balance sheet presents a snapshot of the entity's financial position at a specific point in time, detailing its assets (economic resources), liabilities (obligations), and shareholders' equity. It provides valuable information about an entity's solvency, liquidity, and overall financial health, serving as a crucial tool for decision-making and assessing the entity's financial stability.
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Amirah, Huixian and Priya make a total of 1530 toy in the ratio 12:16:17. Find (i) the number of toy Huixian make
The sum of Amirah, Huixian, and Priya is 1530 toys with in ratio 12:16:17. So, Huixian makes 16/45 x 1530 = 640 toys.
What do you mean by ratio?
Ratio is expressed as a fraction, and it can be used to compare different values or quantities in terms of their sizes. Ratios are used to compare different amounts of a given item, such as the number of apples to oranges in a basket, or the number of cars to buses on the road. Ratios are also used to compare different types of items, such as the number of books to magazines in a library. Ratios can be used to compare items of different sizes, weights, or volumes, allowing us to make comparisons between objects that are difficult to compare directly. Ratios can also be used to compare different types of measurements, such as miles per hour or liters per second.
So, the number of toy Huixian makes is 640.
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The top management at Konex Vitamins, through rigorous testing, ensures that the company develops and sells vitamins that are free of harmful side effects. Also, the company ensures that the chemical waste generated in the manufacturing process is kept to a bare minimum and is disposed of according to the regulations of the Environmental Protection Agency. The management assesses its overall performance based on these dimensions. Thus, the managers at Konex Vitamins are applying the ________ approach to measure firm performance.
Answer:
triple-bottom-line
Explanation:
The triple bottom line can be regarded as accounting framework having subdivided into three parts. These parts are
✓social
✓ environmental
✓financial.
It is used by
Some organizations in order to evaluate their performance as regards to broader perspective so as to create greater business value. These was a coined phrase by John Elkington.
__________ is a promotional tool in which a person communicates one on one with potential consumers.
A. Personal selling
B. Sales promotion
C. Positioning
D. Direct mail
Answer:
the actual answer to this question is personal selling
Explanation:
grad point
_______ will help you maintain good credit.
Paying your Bills on Time will help you to maintain good credit.
Why do one need to Pay Bills on Time?The act if paying one's credit card bills and other forms of loans on time is very vital.
Mostly because late or missed payments could lead to a dip in one's credit score. If one is not totally concerned about missing a due date, it is better to have a form of automatic bill payment that can help one to stay on top of one's account payments.
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Answer: lowering your balances
Explain to the management of SSSMM the impact of the following socio-
economic issues on their business.
a.Inflation
b.Dumping
Answer:
inflation
Explanation:
this a process by which prices of a particular goods are high
Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?
Answer:
IF function
Explanation:
The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.
To do the task in the question, Nathan can only make use of the IF function.
This is so, because the question relates to conditional statement.
The full if statement is:.
=IF(A1 < B1, "YES","NO")
Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
.Which of the following pronouncements were issued by the Accounting Principles Board?
a. Accounting Research Bulletins
b. APB Opinions
c. APB Statements of Position
d. Statements of Financial Accounting Concepts
The Accounting Principles Board (APB) issued APB Opinions, which were pronouncements on accounting principles and practices. They did not issue Accounting Research Bulletins, APB Statements of Position, or Statements of Financial Accounting Concepts.
The Accounting Principles Board (APB) was a predecessor to the Financial Accounting Standards Board (FASB) and was responsible for establishing accounting principles and issuing pronouncements. Among the options provided, APB Opinions were indeed issued by the APB. APB Opinions were authoritative statements that provided guidance on specific accounting topics, aiming to establish consistent practices within the accounting profession.
However, the APB did not issue Accounting Research Bulletins. Accounting Research Bulletins were issued by the Committee on Accounting Procedure (CAP), which was the predecessor to the APB. CAP issued 51 Accounting Research Bulletins before being replaced by the APB.
Similarly, the APB did not issue APB Statements of Position or Statements of Financial Accounting Concepts. Statements of Position (SOPs) were introduced by the FASB after the APB was dissolved, and they represent positions taken by the FASB Emerging Issues Task Force. Statements of Financial Accounting Concepts (SFACs) were also introduced by the FASB and represent a conceptual framework for accounting principles.
The APB issued APB Opinions, but not Accounting Research Bulletins, APB Statements of Position, or Statements of Financial Accounting Concepts.
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Amazon collects massive amounts of data about how, when, why, where, and what people buy, and then analyzes those data to better serve its customers. This activity refers to.
The activity where Amazon collects massive amounts of data to use to analyze customers is known as:
Marketing AnalyticsWhat is Data Analysis?This refers to the use of data for analysis where the different sets of data are separated and sampled so as to monitor behavior.
With this in mind, we can see that because big companies make use of marketing analytics in order to correctly analyse their customers and what they are searching, what they like doing as a means to better serve their customers.
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Choose the answer.
This is one of the few languages that is accepted and supported by all major
browsers without the need for plug-ins or compilers. Choose the answer
A. PHP
B. CSS
C. JavaScript
C. Java script
I think srry if im wrong
Y-Mart had sales of $350,000. Its cost of goods sold was $200,000. Its gross profit was $550,000. True False
The statement given in the question is False. The given statement in the question is false as the gross profit ($550,000) cannot be more than the sales ($350,000) in the first place. The gross profit is actually the amount of money that a company has left over after paying all its costs of goods sold (COGS).
COGS can be calculated by subtracting the gross profit from sales, which means that $350,000 - $550,000 = -$200,000, which implies that Y-Mart has a negative gross profit which does not make sense. Thus, the answer to the question is False. The given data in the question has been mistakenly written. Thus, the statement given in the question is false. Hence, the correct answer is false.
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Why is it important to know how much time it takes me to do a job?
Answer:
It has lot of advantage.
Explanation:
So, basically if you know how much time you work it proves that you are mindful about everything and if you know the time you take to do the job depending on it you can ask a friend help depending on the circumstances.
an investor deposits $100.00 and earns $6.00 of interest in the first year and $6.36 of interest in the second year. this means the investment is earning 6%
an investor deposits $100.00 and earns $6.00 of interest in the first year and $6.36 of interest in the second year. This means the investment is earning compound interest.
What is compound interest?Compound interest may be thought of as "interest on interest" since it is computed on both the principal and the total accrued interest from prior periods.
Investors gain from compound interest, although the definition of an investor might vary widely. When banks lend money and reinvest the income they earn into making more loans, for instance, they profit from compound interest. When depositors get interested in their bank accounts, bonds, or other assets, compound interest also benefits them.
It's crucial to remember that while the term "compound interest" contains the word "interest," the idea extends beyond contexts where the word is frequently employed, such as bank accounts and loans.
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The complete question is as follows:
An investor deposits $100.00 and earns $6.00 of interest in the first year and $6.36 of interest in the second year. This means the investment is earning _____ interest.
Problem 11-7 Evaluating Health Insurance Options (L011. 4)
Ronald started his new job as controller with Aerosystems today, Carole, the employee benefits clerk, gave Ronaldo packet that
contains information on the company's health insurance options, Aerosystems offers its employees the choice between a private
insurance company plan (Blue Cross/Blue Shield), on HMO, and a PPO, Ronald needs to review the pocket and make a decision onwhich health care program fits his needs. The following is an overview of that information
Based on the plan that Ronald chooses, the annual medical costs that he will pay using the sample medical expenses is $1,109.08.
What is Ronald's annual medical cost?This can be found as:
= Annual premium + Deductible + Total coinsurance cost
Annual premium is:
= 43.34 x 12 months
= $520.08
Total coinsurance cost:
= (((Physician visits x Cost per visit) + Cost of prescription) - Deductible) x Coinsurance percentage)
= (((5 x 110) + (66 + 90) - 156) x 25%)
= $39
Annual medical cost:
= 520.08 + 550 + 39
= $1,109.08
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workers are hired to sell spring break vacation packages. each worker is paid $100 per day. an experienced worker sells 5 packages per day. the newly hired worker sells 3 packages per day. each package sells for $450. what is the marginal cost of the new worker per day?
The marginal cost of the new worker hired to sell spring break vacation packages is $200 per day.
What is a marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost.
The marginal cost of the new worker per day is calculated as:-
Each worker is paid $100 per day
An experienced worker sells 5 packages per day
Total cost for an experienced worker = $100× 5 = $500
Newly hired worker sells 3 packages per day
Total cost for a new worker = $100× 3 = $300
∴ The marginal cost of the new worker per day = Total cost of a experienced worker - Total cost of a new worker = $(500-300) = $200.
Therefore, $200 is the marginal cost of the new worker per day.
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What is the main reason why you need a financial reserve?
Answer:
Often, people who are in the habit of saving money can be seen as being overly concerned, but the purpose of having a reserve is precisely to avoid greater worries in the face of unforeseen events.
What do you think about the relationship between customer satisfaction and loyalty? Hotel Service Recovery and Service Quality by Liat, Mansori, Chuan, and Imrie, from Journal of Global Marketing (2017) discuss this topic in the context of the hotel service industry. In this article, the authors explore how service quality and service recovery influence customer satisfaction and customer loyalty. The authors also investigate the role of the corporate image between the relationship of customer satisfaction and customer loyalty. What are the main findings of the study? How do you think the findings can be applied to the service industry to enhance customer satisfaction and loyalty?
The article "Hotel Service Recovery and Service Quality" explores the link between customer satisfaction and loyalty in the hotel service industry. It investigates the impact of service quality, service recovery, and corporate image on customer satisfaction and loyalty. The study's key findings reveal important factors influencing customer satisfaction, loyalty, and the role of corporate image in this relationship. These insights have practical implications for improving customer satisfaction and loyalty in the service industry.
The main findings of the study on hotel service recovery and service quality indicate the following:
1. Service Quality and Customer Satisfaction: The study reveals a strong positive relationship between service quality and customer satisfaction. When hotels provide high-quality services, customers are more likely to be satisfied with their experience. Factors such as responsiveness, reliability, empathy, assurance, and tangibles contribute to customers' perception of service quality.
2. Service Recovery and Customer Satisfaction: The research highlights the importance of service recovery in influencing customer satisfaction. When hotels effectively address and resolve service failures or complaints, customers' satisfaction levels can be restored or even increased. Efficient and empathetic service recovery processes contribute to customer loyalty and retention.
3. Corporate Image: The study emphasizes the role of corporate image as a mediator between customer satisfaction and loyalty. A positive corporate image enhances customer satisfaction, which in turn leads to higher levels of customer loyalty. Corporate image encompasses factors such as brand reputation, perceived quality, trustworthiness, and credibility.
To apply these findings and enhance customer satisfaction and loyalty in the service industry, businesses can consider the following strategies:
1. Focus on Service Quality: Service providers should prioritize delivering high-quality services that meet or exceed customer expectations. This involves training staff to provide excellent customer service, ensuring consistent service delivery, and regularly monitoring and improving service processes.
2. Implement Effective Service Recovery: Businesses should establish robust service recovery mechanisms to address any service failures or customer complaints promptly. This includes training employees to handle complaints professionally, offering appropriate compensation or solutions, and using feedback to improve service processes and prevent future issues.
3. Cultivate a Positive Corporate Image: Service providers should actively manage their corporate image by building a strong brand reputation, maintaining consistent service quality, and effectively communicating their values and commitment to customer satisfaction. Positive word-of-mouth, online reviews, and testimonials can help shape a favorable corporate image.
4. Personalize the Customer Experience: Tailoring services to meet individual customer needs and preferences can significantly enhance satisfaction and loyalty. This involves understanding customer preferences, offering personalized recommendations or offers, and creating memorable experiences.
5. Continuously Monitor and Adapt: Regularly assessing customer satisfaction, loyalty metrics, and feedback is crucial to identifying areas for improvement. By monitoring customer perceptions and adapting strategies accordingly, businesses can continually enhance satisfaction and loyalty.
By applying these strategies and taking into account the study's findings, service providers can create positive customer experiences, foster loyalty, and ultimately gain a competitive advantage in the service industry.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
analyzes which markets are accessible to your company
Answer:
How do you analyze a company's market?
These are the seven steps of conducting a market analysis:
Determine your purpose. ...
Research the state of the industry. ...
Identify your target customer. ...
Understand your competition. ...
Gather additional data. ...
Analyze your data. ...
Put your analysis to work.
What should a market analysis include?
What to include in your market analysis. Your market analysis should include an overview of your industry, a look at your target market, an analysis of your competition, your own projections for your business, and any regulations you'll need to comply with.
How do you analyze a company's market?
These are the seven steps of conducting a market analysis:
Determine your purpose. ...
Research the state of the industry. ...
Identify your target customer. ...
Understand your competition. ...
Gather additional data. ...
Analyze your data. ...
Put your analysis to work
Explanation:
MARK A BRAINLESS THIS ANSWER IS CORRECT
BRAIN LY FAST CARRY ON LEARNING
Creating a New Budget to Meet Your
Saving and Spending Needs
Student Assignment
In this assignment, you will create a budget and answer questions about how your budget has
successfully met short-term and long-term goals.
Assignment Instructions
Step 1: Gather materials and necessary information.
*Edgenu
a) Ask your teacher which word-processing software you will be using.
b) Keep your lesson and assignment open in case you need to review what you have
learned.
Step 2: Read and follow each set of instructions carefully.
a) To create your budget, type an amount of money into each cell of the tables you have
been given. Be sure to ask your teacher for help if you are not sure how to do this.
b) Make sure you complete the questions on each page.
Assignment: Revising a Budget
You have just been promoted at your job, and now you have a net income of $2,190. You would like
to use this income to meet new financial goals.
A student budget is a system where funds are allocated to students in accordance with their needs based on specific, quantifiable, and weighted criteria.
Even though creating a budget is already a difficult task, implementing a student-based budget is crucial to attaining educational equity.
Grade 7: What is a budget?A budget is a documented plan for how future revenue will be spent. It is a written document that outlines the anticipated earnings and costs of an individual or organization for a given future period, such as a month or a year.
Why is budgeting important?Budgeting allows you to plan for both short-term and long-term expenses by ensuring that you aren't spending more than you are earning. It's a simple, practical method for all types of people.
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Answer:
here was mine!!
Explanation:
25. A sale for which payment will be received at a later date. (p. 18)
Answer:
sale on account
Explanation:
When a sales is made and payment is expected at a future date, a sales on account occurs, e.g.:
January 2, 2020, 5,000 units sold at $10 each to ABC company, credit terms 2/10, n/30. Cost of goods sold is $30,000
Dr Accounts receivable 50,000 (5,000 x 10)
Cr Sales revenue 50,000
Dr Cost of goods sold 30,000
Cr Merchandise inventory 30,000
After the invoice is collected, the journal entry would be:
January 30, 2020, invoice collected from ABC company
Dr Cash 50,000
Cr Accounts receivable 50,000
Use the following results from a tost for marjuana use, which is provided by a certain drug testing company. Among 144 subjects with positive test results, there are 22 false positive results. Among 156 negative results, there are 2 false negative results. Complete parts (a) through (c). (Hint: Construct a table.) a. How many subjects were included in the study? The total number of subjects in the study was b. How many subjects did not use manjuana? A total of subjects did not uso manjuana. c. What is the probabitity that a randomly seiected subject did not use marjuana? The probability that a randomly selected subject did not use mariuana is (Do not round until the final answer. Then round to three decimal places as needed.)
(a) The total number of subjects included in the study was 300.
(b) A total of 256 subjects did not use marijuana.
(c) The probability that a randomly selected subject did not use marijuana is 0.853.
To determine the number of subjects included in the study, we add the number of subjects with positive test results (144) and the number of subjects with negative test results (156). Therefore, the total number of subjects in the study was 300.
To calculate the number of subjects who did not use marijuana, we subtract the number of subjects with positive test results (144) from the total number of subjects (300). This gives us a total of 256 subjects who did not use marijuana.
To find the probability that a randomly selected subject did not use marijuana, we divide the number of subjects who did not use marijuana (256) by the total number of subjects (300). This gives us a probability of 0.853.
It is important to note that the calculation assumes that the test results accurately reflect the marijuana usage of the subjects and that the false positive and false negative results are known. This information is crucial in interpreting the results and understanding the accuracy of the drug testing company's tests.
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An arrangement for deferred payments for goods and services is known as
The credit facility is known as an arrangement for deferred payments for goods and services.
What is a credit facility?A credit facility is a kind of loan made in a business or corporate finance context. It permits the borrower to take out money for an extended period of time, in place of reapplying for a loan each time it needs money.
A deferred payment letter of credit, is a business letter of credit that imparts that the receiver will be paid, not at the time the receiver makes a complying presentation, but at a later, specified, maturity date.
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Inflationary pressure in the AS-AD model can be shown as a
Demand shock that shifts the AD to the left.
rise in input prices affecting most firms across the economy shifting AS curve to the right.
rise in input prices affecting most firms across the economy shifting AS curve to the left.
Answer: rise in input prices affecting most firms across the economy shifting AS curve to the left
Explanation:
Inflationary pressures simply refers to the pressure on both the demand and the supply-side which can bring about an increase in the general price level of goods and services in such economy.
Inflationary pressure in the AS-AD model can be shown as a rise in input prices affecting most firms across the economy shifting AS curve to the left. The aggregate supply curve shifting to the left implies that there'll be a reduction in the goods and services demanded in the economy due to the increase in price.
I need help with the business ventures Pt 3 assignment, I dont know how to do the tables with graphic designing business. I NEED HELP FAST!!!
Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
What about graphic design?Graphic design is both a profession and an academic field. and applied art, whose work entails the projection of visual signals meant to convey particular messages to social groups with specific aims. An multidisciplinary area of both the fine arts and design, graphic design is. Using manual or digital technologies, it requires creativity, invention, and lateral thinking. Text and visuals are frequently used to convey ideas graphically.The graphic designer's function during the communication process is that of the message's encoder or interpreter. They focus on the analysis, arrangement, and presentation of visual messages. Graphic design typically goes beyond what language alone can say by using ornamentation, graphics, compositional arrangement of the text, and appealing typography.Graphic design is a field that creative people with a love of art, technology, and communication might want to consider.
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when a market is characterized by an externality, the government group of answer choices can correct the market failure only in the case of positive externalities. can correct the market failure in the case of both positive and negative externalities by inducing market participants to internalize the externality. cannot correct for externalities due to the existence of patents. can correct the market failure only in the case of negative externalities.
The correct answer is B. "can correct the market failure in the case of both positive and negative externalities by inducing market participants to internalize the externality."
A market refers to a group of potential customers who are interested in purchasing a specific product or service. It can also refer to the environment where buyers and sellers come together to engage in commercial transactions. The market is a fundamental concept in business as it forms the basis for sales, profits, and revenue.
Markets are typically characterized by demand and supply, where buyers and sellers interact to determine the price of goods or services. The demand for a product or service is the amount that customers are willing to pay for it, while the supply is the quantity that sellers are willing to offer at a specific price. Businesses use various strategies to target specific markets, such as market segmentation, where they divide the market into smaller groups based on demographics, psychographics, or other factors.
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Complete Question:
when a market is characterized by an externality, the government group of answer choices
A). can correct the market failure only in the case of positive externalities.
B). can correct the market failure in the case of both positive and negative externalities by inducing market participants to internalize the externality.
C). cannot correct externalities due to the existence of patents.
D). can correct the market failure only in the case of negative externalities.
Case 1–2: True Religion Jeans: Flash in the Pants or Enduring Brand?
Founded in 2002 by Jeff Lubell, True Religion had become one of the largest premium denim brands in the United States by 2012. Although True Religion made its debut in upscale department stores and trendy boutiques a decade earlier, the company owned 86 full price retail stores and 36 outlet stores in the United States as well as 30 stores in international markets by the end of 2012. The company’s domestic retail store business accounted for about 60% of revenues and 64% of operating profit before unallocated corporate expenses in 2012. Just five years earlier, the U.S. retail store segment generated only 17% of sales and 25% of operating profit before unallocated corporate expenses.
Jeff Lubell’s vision of the company had come true—at least partly. The company had transformed itself from a jeans designer into an apparel retailer with it own brand à la Buckle and Diesel. At the same time, True Religion had managed to shift its product mix so that sportswear accounted for almost 35% of sales in its company-owned stores. Lubell felt these two ingredients were critical to establishing True Religion as a "lifestyle brand." The ultimate in product differentiation, many companies attempt to create so-called "lifestyle" brands that transcend product category and inspire deep consumer loyalty. Lubell felt becoming a lifestyle brand was the key to insulating True Religion from the inevitable fluctuations in fashion trends.
Moreover, True Religion’s sales had grown at an average annual rate of almost 22% from 2007-2012. The company’s return on invested capital was an impressive 27% and its return on average assets was 12% in 2012. Despite these factors, press articles and analyst reports on True Religion described the company as, "the struggling maker of premium denim."1 A New York Post article entitled "Escape From Hell for True Religion" described private equity firm, TowerBrook, as the company’s "savior,"2 when the company announced it had been acquired by TowerBrook in 2013. Other denim brands, such as Jeff Rudes’ J Brand, appeared to be usurping True Religion’s position as the "must have" denim brand for young consumers.
What had gone wrong at True Religion? Was the change in ownership the answer to the company’s problems? Was premium denim destined to go the way of Flash Dance legwarmers and Crocs as fast fashion from the likes of H&M became more mainstream? Private equity investors had snapped up stakes in both established and up-and-coming premium denim brands in the past five years—leaving just one publicly traded premium jeans maker, Joe’s Jeans. Should investors stay away from the industry?
The case illustrates the tale of True Religion, a premium denim business that started as a jeans designer and turned into an apparel store with its own brand.
The business had quickly grown, opening retail locations in the US and other countries. It also succeeded in shifting its product mix towards athletics with the goal of developing into a lifestyle brand with strong customer loyalty. With significant growth rates, a solid return on invested capital, average assets, and an increasing percentage of sales from company-owned outlets, True Religion has demonstrated outstanding financial success. Nonetheless, despite these encouraging signs, the firm had been referred to as "the struggling creator of premium denim" in news stories and analyst analyses, and rival denim brands looked to be displacing it as the "must-have" brand for young customers. Several questioned if the 2013 acquisition of True Religion by private equity firm Tower Brook was the solution to the company's issues. Furthermore, when quick fashion from retailers like H&M became more popular, some questioned whether quality denim was doomed to follow in the footsteps of Crocs and Flash Dance legwarmers. Ultimately, the case raises issues about the problems encountered by premium denim businesses in a changing fashion world, and whether the industry can continue to create great financial performance and consumer devotion. It also emphasizes how industry trends and shifts in ownership affect how individual businesses and the larger market will develop in the future.
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Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
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Answer:
Yes I think it is c.
Explanation: