The Importance of Preparing for Negotiations
Some Chinese companies seriously ignore the importance of collecting the necessary information and investigating the financial situation of their trading partners, and thus inflicting heavy losses on their companies. The next two cases serve as real lessons for Chinese firms doing business abroad. A Chinese engineering company in Gabon fired many local workers after it completed the frame, leading to a 40-day strike. The company had to engage in tough negotiations with local workers who demanded a large amount of subsidy in accordance with the country's labor laws. Only by this time the company realized its ignorance of local legislation, which led to large losses. The company was informed that, under Gabon's labor law, an occasional worker automatically becomes a full-time employee if they keep their job for a week without being laid off. As a permanent worker, he is entitled to family subsidies (enough for two wives and three children), travel expenses and unemployment subsidies. An unskilled worker who works continuously for a month will naturally become a skilled worker and in three months will be promoted to a technical worker. Their salaries will rise along with their advanced training. The understanding of Chinese managers of temporary and permanent workers, unskilled and skilled workers, technical workers, apparently, is very different from the understanding of the Gabonese. The result of the negotiations was obvious, the company had to pay a large amount of subsidies, which was equal to the salary that the company had already paid to the workers, and which was not included in the project budget. The lesson learned from this case is that all concepts and methods that are suitable for domestic business activities may not be suitable for overseas situations. This important point is often overlooked because most negotiators are accustomed to the environment of their domestic operations and are unaware of the restrictions and changes in business activity in foreign countries.
Question: What did you learn from this case?
Answers
The case highlights the importance of preparing for negotiations in international business ventures, specifically when operating in foreign countries with different legal and cultural contexts.
It emphasizes the need for thorough research and understanding of local laws, regulations, and business practices to avoid costly mistakes.
The case demonstrates the negative consequences of inadequate preparation and lack of knowledge about local legislation in a foreign market. Chinese companies conducting business abroad should prioritize gathering necessary information about their trading partners, including understanding local laws and regulations that may impact their operations. This includes knowledge of labor laws, contract terms, and other legal requirements that could affect business relationships and financial outcomes.
By neglecting these crucial factors, the Chinese engineering company in Gabon faced significant financial losses and had to engage in difficult negotiations to resolve labor disputes. The lesson learned is that companies must invest time and effort into researching and understanding the legal and cultural landscape of foreign markets before entering into negotiations or conducting business activities.
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Related Questions
Interpersonal conflict _________________.
Answers
Relationships often experience interpersonal strife. As a result, choice (B) is the adequate answer.
What is interpersonal conflict?Any disagreement between two or more persons might lead to an interpersonal conflict. Differences in objectives, standards, opinions, or access to resources are frequently the root cause of disagreements.
Any situation where individuals are present can lead to interpersonal disputes, including the workplace, the family, the classroom, and interpersonal or professional connections. Fortunately, there are a number of approaches to conflict resolution that allow you to maintain your connection.
Even while it can occasionally be beneficial, fighting can be challenging for many people. Many people try to avoid conflict, defend themselves, or attack.
Hence, option (B) is accurate.
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Social learning theory and its principles of psychology relevant in the workplace
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According to social learning theorists, employees can pick up appropriate social behaviors at work by watching how their company handles other employees' bad behavior.
Workers can rehearse the appropriate behavior in their imaginations, so they don't need to actually do it to learn it.
What applications does the social learning theory have in the workplace?Employees can be encouraged and empowered to take ownership of their learning and even to support the development of their colleagues through social learning. This is so that they might be motivated to meet their own learning needs as people almost always learn by watching others.
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1.Using the information provided in the data file MLS_data.xlsx, calculate the population per franchise for each existing and proposed MLS market. You should consider the population data for each market, as well as the number of major-league franchises provided in the data set.
2. Using the information provided in the data file, calculate the average attendance for each existing MLS team. You should consider the number of home matches and total annual attendance.
3. you take a look at each proposed city and try to figure out how big the facility has to be. To get a ballpark number, you use three existing MLS cities as benchmarks. BUT these cities need to somewhat comparable in size and, especially, population per franchise. In other words, you wouldn’t use NYC and LA to pinpoint proposed attendance numbers for Nashville. (For Q3, you take a look at each proposed city and try to figure out how big the facility has to be. To get a ballpark number, you use three existing MLS cities as benchmarks. BUT these cities need to somewhat comparable in size and, especially, population per franchise. In other words, you wouldn’t use NYC and LA to pinpoint proposed attendance numbers for Nashville.)
4. Based on your analysis of your proposed market population (size, income, living costs), develop a tiered ticket pricing model that you believe will accommodate the local market. Consider your findings above, but also the data provided in the data set regarding average ticket pricing. (flows directly out of this, but here, for the only time, pick ONLY one of the proposed cities for your ticket-pricing model. Entirely your choice. This requires a bit of Googling beyond the information provided in the actual case. Once you have your comparable markets, you’ll be able to find that online pretty quickly - at least rough averages. You will want to have pricing that reflects your comparative markets but also your chosen proposed market. Higher prices for more affluent markets, lower prices for "poorer" markets - though nobody in their right mind would put a team where there's no money to be spent :) But you get the gist!)
5. Complete a corporate depth analysis for the existing and proposed markets using the data set provided. Specifically, calculate the number of corporations per team across each market. How does the corporate depth for your proposed market compare with both those of the existing and proposed markets in the MLS? (Discuss how the new cities compare to the existing ones. You obviously already have the spreadsheet, but highlight notable cities that compare well - or not.)
6. Using the market approach to valuation, calculate the value of a potential naming-rights deal based on comparable MLS deals. Be sure to consider the data provided in Table 2 when conducting your analysis. (Ignore "market approach to valuation" and just propose a naming rights deal for each city, based on those for comparable markets (these will be the same existing cities you used for Q3).)
7. Based on the average future attendance that you calculated above, make a recommendation for the size of facility needed to accommodate this new MLS team. One way to estimate facility size is to conduct a comparables analysis using existing MLS markets for comparison. You should consider capacity at both a 100% sell-out rate and a 90% sell-out rate when making your determination. (Again, use existing similar cities to ballpark size of each new venue.)
8. Using the data set provided in regard to proposed facility financing, calculate the total dollars of private financing put forth by each proposed market. How does the total dollars for your proposed market compare with those of both existing and proposed markets in the MLS? Be sure to use the data provided in Table 1 for reference. (Most of this will simply be filling out the spreadsheet. Highlight things that stand out.)
Answers
1. To calculate the population per franchise for each existing and proposed MLS market, we need to divide the population of each market by the number of major-league franchises in that market. This will give us an estimate of the population served by each franchise. By analyzing the data file MLS_data.xlsx, we can gather the population data for each market and the number of major-league franchises. By performing the division operation, we can determine the population per franchise for each market.
2. The average attendance for each existing MLS team can be calculated by dividing the total annual attendance by the number of home matches. The data file provides information on the number of home matches and the total annual attendance for each team. By applying the division operation, we can find the average attendance for each team.
To summarize, in order to determine the population per franchise for each existing and proposed MLS market, we need to divide the population of each market by the number of major-league franchises. Additionally, to calculate the average attendance for each existing MLS team, we divide the total annual attendance by the number of home matches. These calculations will provide valuable insights into the market size and attendance patterns for MLS teams, aiding in decision-making and strategic planning for the league and potential expansion teams.
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4. When it comes to owning a hotel there are a variety of options for ownership such as
franchising, independent lodging, REITS management contracts and vacation ownershipsh
or timeshares Briefly explain each of these highlighting the disadvantages and
advantages of each which would you choose? Why?
5. Why are room counts important to hotels? What are some strategies to achieve accuracy
in this department? Within your answer explain and analyze the value and impact of
calculation of hotel occupancy average daily rate (ADR) and revenue available room
Answers
The four basic types of hotel ownership and management are franchise, privately owned and operated, leased, and managed. Even though a franchise is privately owned, the owner is still required to pay a one-time franchise fee and ongoing royalties.
A timeshare is a holiday home with a shared ownership structure. In a typical timeshare, you split the property's cost with other purchasers in return for a specific number of years of access to the franchising property. Less freedom to plan vacations While owning a timeshare may have a lot of drawbacks, the lack of flexibility many of them offer when it comes to vacation planning is possibly the most important.
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your clients, the meltons, found their dream home, which they will be financing with abc lending. what should they include with their offer?
Answers
When submitting an offer to finance their dream home through ABC Lending, the Meltons should include a pre-approval letter from the lender to show the seller that they have the financial means to purchase the property.
They should also include a signed purchase agreement outlining the terms of the sale, including the purchase price, closing date, and any contingencies. It may be beneficial for them to include a personal letter to the seller expressing their interest in the property and highlighting any special features or aspects of the home that they particularly love. This can help the seller connect with the Meltons and potentially sway their decision in their favor.
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Which of the following pieces of information is NOT commonly collected on a job application?
A. Social media links
B. Contact information
C. Education history
D. Prior work experience
Answers
Answer:
The answer to this question is A
What are some negative effects of the traditional economy?
a. they are always choosing new ideas and technologies
b. they are inefficient in providing goods and services to the society
c. they assign jobs based on test scores
d. all of the above
Answers
how do i comment on a question
Answers
Answer:
click the three dots in to the corner then press comments.
If your on pc go to under the question and you should be able to comment there as well.
Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Why are the pests and diseases biggest obstacle in vegetable production
Answers
Answer:
Vegetable production worldwide is constrained by pests and diseases which effects are exacerbated by climate change and variability. High atmospheric temperatures and elevated carbon dioxide increases pest development, survival of pests and distribution of pest to new areas
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Answers
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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A retired couple tells a real estate agent that they want to find a home close to medical facilities and a senior citizens center. On which of the five major factors influencing the choice of property location is the couple basing this request?
Answers
The major factor influencing the choice of property location is the couple basing the request on Social services.
What is Social services?
These are services that provide support and assistance to disadvantaged people such as elderly and physically challenged.
The retired couple wanting to be close to medical facilities and a senior citizens center means that social services was greatly considered in their choice of location.
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Which of the following about the Nernst equation and the GHK equation is TURE? a) The GHK equation take the permeabilities of the ions into account that the Nernst equation does not. Ob) The Nernst eq
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Option A is true. The GHK (Goldman-Hodgkin-Katz) equation takes into account the permeabilities of ions, which the Nernst equation does not.
The Nernst equation is used to calculate the equilibrium potential of an ion based on its concentration gradient. It considers only the concentration of ions and the charge of the ion. It does not take into account the permeability of the ion across the membrane.
On the other hand, the GHK equation is an extension of the Nernst equation and incorporates the permeabilities of multiple ions. It considers the relative permeabilities of different ions in addition to their concentration gradients and ion charges. This allows for a more accurate prediction of the membrane potential by considering the contributions of multiple ions.
Therefore, the correct answer is Option A.
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Which of the following is an example of a natural monopoly? O a natural gas supplier in a city O a local gas station O an airline company O a national fast-food chain
Answers
The following is an example of a natural monopoly is A. a natural gas supplier in a city.
A natural monopoly is a type of monopoly that arises when the cost of producing a good or service is significantly lower with a single supplier than with many suppliers. Natural monopoly occurs when a single firm supplies the whole market at a lower price than what would have been possible for two or more firms. In a natural monopoly, there are high fixed costs of production, which means it is cheaper for one firm to produce the whole output. This is usually seen in the utility industry, such as gas, water, and electricity, where it would be inefficient to have more than one supplier.
The natural gas supplier in a city is an example of a natural monopoly because the high costs of maintaining a network of pipes to supply gas make it very costly to have more than one supplier. The supplier with the network will have a significant advantage over any other company that wishes to enter the market, making it virtually impossible for anyone else to compete. So therefore the correct answer is A. a natural gas supplier in a city, is is an example of a natural monopoly.
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3. how does the concept of debtor relief in modern american bankruptcy law compare with debtor relief found in england before the american revolution? the roman empire? medieval europe?
Answers
Debtor relief in modern American bankruptcy law differs significantly from debtor relief found in England before the American Revolution, the Roman Empire, and medieval Europe.
In modern American bankruptcy law, debtor relief is based on the principle of providing individuals and businesses with the opportunity to seek relief from overwhelming debts and obtain a fresh start. Bankruptcy laws in the United States provide various chapters and procedures that allow debtors to restructure their debts, negotiate with creditors, and potentially have some debts discharged.
However, in England before the American Revolution, debtor relief was primarily governed by debtor's prisons. Debtors who were unable to repay their debts could be imprisoned until they could settle their obligations. The focus was on punishing the debtor rather than providing a mechanism for debt relief or rehabilitation.
Similarly, in the Roman Empire, debtors who were unable to repay their debts could be subjected to harsh consequences, including forced labor, loss of property, or even slavery. The emphasis was on ensuring repayment rather than offering relief or forgiveness.
In medieval Europe, the treatment of debtors varied across different regions and time periods. Debtors could face imprisonment, loss of property, or other penalties. However, some jurisdictions did have mechanisms for debtor relief, such as debt forgiveness through church-sanctioned debtors' pardons or the practice of debtors surrendering their assets to repay their debts.
Overall, the concept of debtor relief in modern American bankruptcy law stands in stark contrast to the punitive approaches seen in England before the American Revolution, the Roman Empire, and medieval Europe. It reflects a shift towards providing debtors with a fresh start and the opportunity to rehabilitate their financial circumstances.
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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
Answers
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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can someone help me with this please.
Answers
Answer:
sure
Explanation:
no image
Melody is considering the installation of solar panels for her house. solar city quoted her a total cost of $22,000. she expects to save $3,500 per year in utility cost. melody planned to sell her house and downsize after 15 years. if her opportunity cost of capital is 10%, should she install the solar panels? g
Answers
The project should be approved since the NPV is positive and the IRR is larger than the cost of capital. She should put up solar panels.
Solar panels, also known as photovoltaics, absorb solar energy from the Sun and convert it into electricity that may be used to power houses or businesses. These panels can be used to complement the electricity in a structure or to supply power in remote regions. Solar panels are made up of individual solar cells that are made up of layers of silicon, phosphorous (which gives the negative charge), and boron (which provides the positive charge). Solar panels absorb photons and generate an electric current as a result. Solar panels are light-to-electricity converters. They are named "solar" panels because the Sun, also known as Sol by astronomers, is the most powerful source of light accessible most of the time.
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She completed her __________ degree in computer science and was hired as a cyber security consultant.
Fill in the blank!
Answers
Answer:
bachelors // Cybersecurity with CS degree
Explanation:
explanations it fits perfectly in the sentence
When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate
Answers
Answer:
C - Interest Rate.
This is because the "extra money" is the interest and the borrower will calculate with interest rate.
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Tayco Corporation has just paid dividends of $3 per share. The earnings per share for the company was $4. If you believe that the appropriate discount rate is 15 percent and the long-term growth rate in dividends is 6 percent, and earnings is 6 percent, then the firm's P/E ratio is
Answers
Answer:
the price earning ratio is 8.33
Explanation:
The computation of the price earning ratio is shown below:
P/E Ratio is
= share price ÷ Earning Per share
where,
The price of a share is
= 3 × 106
= $3.18
And, the earning per share is
= $4 × (1.06) ÷ (0.15 - 1.06)
So, the price earning ratio is
= (3 × (1.06) ÷ 4(1.06)÷ (0.15 -0.06))
= 8.33
Hence, the price earning ratio is 8.33
Which of the following is not a basic consumer right?
O The right to safety
O The right to be informed
O The right to a refund
The right to a healthy environment
Answers
Answer:
C
the right to be refunded
Explanation:
The correct option is, (C) The right to a refund.
Which of the following is a basic right of a consumer?The bill stated that every person has four basic consumer rights.The right to be informed, the right to choose, the right to safety, and the right to be heard.Which of the following is not a consumer right?The right to false information is not the right of consumers.
What are the 5 rights of a consumer explain?Consumer protections such as consumer rights push companies to create goods and services that are advantageous and secure for customers. The safety, information, choice, voice, and remedy are the five main consumer rights that we will identify and discuss in this session.Do consumers have the right to safety?Customers have the right to anticipate being protected from risky goods and services they purchase from the market, especially if they are used correctly for their intended purpose. The sale and distribution of hazardous products and services are prohibited, protecting consumers.Hence, The right to a refund is not a basic consumer right.
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Calculate the FV for the following 3 scenarios. Investment scenario #1:
You invest $1,000 (PV) for 10 years (n) at an interest rate of 5% (r). What is the amount you would receive at
the end of 10 years (FV)?
Investment scenario #2:
You invest $5,000 (PV) for 20 years (n) at an interest rate of 8% (r). What is the amount you would receive at
the end of 20 years (FV)?
Investment scenario #3:
You invest $10,000 (PV) for 30 years (n) at an interest rate of 12% (r). What is the amount you would receive
at the end of 30 years (FV)?
PLEASE ANSWER WITH WORK SHOWN :)
Answers
Answer:
?
Explanation:
Answer:
$2191.12
Explanation:
We are asked to find the value of a bond after 10 years, if you invest $1000 in a savings bond that pays 4% interest, compounded semi-annually.
FV=C_0\times (1+r)^n, where,
C_0=\text{Initial amount},
r = Rate of return in decimal form.
n = Number of periods.
Since interest is compounded semi-annually, so 'n' will be 2 times 10 that is 20.
4\%=\frac{4}{100}=0.04
FV=\$1,000\times (1+0.04)^{20}
FV=\$1,000\times (1.04)^{20}
FV=\$1,000\times 2.1911231430334194
FV=\$2191.1231430334194
FV\approx \$2191.12
Therefore, the bond would be $2191.12 worth in 10 years.
how do our normative positions affect the choices we make individually and society
Answers
Our normative positions affect the choices we make by affecting
Who to voteHow to treat people The time and the period to marry.What are normative positions?These are the ways that people are able to come up with new ideas as well as new positions.
It teaches of the various necessary channels that may help one to effect out of the box thinking.
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FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving again. According to the president, the problem is that markets are flawed and they do not protect consumers. Therefore, the government should study the problem, decide what must be produced, and pass laws that require individuals and businesses to follow the government’s informed advice.
Opponents of the president see a different world. They say central planners do not have enough information to organize an economic system. Markets may seem chaotic, but prices act as signals and respond quickly to fragmented information in a dynamic economy. These price signals provide consumers, businesses, and resource owners with the information they need to coordinate action. In addition, incentives matter. Government programs often create incentives that have unintended consequences. The economy will grow if we stay the course.
What would Adam Smith say? Why?
SECOND SCENARIO: The Save Our Jobs Coalition is working to pass a law that would penalize businesses that move jobs overseas. In addition, the law would require tariffs to be imposed on imported goods that are cheaper than similar goods made in the United States. Many corporations and small businesses are in favor of raising tariffs.
Opponents of the proposed law believe freer trade promotes economic progress because it makes more sense to buy goods from a country that makes them less expensively and use the country‟s resources to make other products. A tariff may save jobs in a particular industry, but other jobs will not be created. Furthermore, prohibiting American companies from having operations overseas means the companies will be reluctant to hire people domestically and will lay off highly paid workers in their quest to cut costs.
What would Adam Smith say? Why?
THIRD SCENARIO: Business lobbyists believe the current government is anti-business. They also think competition is making it difficult to make a profit. They believe it’s time for the government to help businesses through subsidies and incentives for consumers to buy their products. They also want the government to suspend antitrust laws and make new rules and regulations that would make it more difficult for small businesses to compete unfairly with large, well-established corporations. According to the lobbyists, helping business will improve everyone’s lives.
What would Adam Smith say? Why?
FOURTH SCENARIO: “Stop Government Now” is a group that believes there is no legitimate role for government except providing for police and fire protection. Members believe almost all governmental functions should be privatized. Markets should not be regulated. Members say markets may be greedy, but free markets make us all more moral.
What would Adam Smith say? Why?
MUST WRITE A PARAGRAPH FOR EACH SCENARIO
Answers
The proposed response of Adam Smith based on each scenario is given below:
Scenario 1He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.
Scenario 2He would side with the free market system and be an opponent of the law that frowns on importation.
Scenario 3He would support the suspension of the antitrust laws.
Scenario 4He would believe that markets should not be regulated and the free market system should continue.
Who is Adam Smith?He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product
Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.
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An individual reports the following capital transactions in the current year: Short-term capital gain $ 1,000 Short-term capital loss 11,000 Long-term capital gain 10,000 Long-term capital loss 6,000 What amount is deducted in arriving at adjusted gross income
Answers
Answer: $6000
Explanation:
The amount that is deducted in arriving at adjusted gross income will be calculated thus:
Short term capital gain = $1000
Less: Short term capital loss = $11000
Net short term loss = -$10000
Long term capital gain = $10000
Less: Long term capital loss = $6000
Net long term gain = $4000
Then, the amount that is deducted in arriving at adjusted gross income will be:
= $10000 - $4000 = $6000
Which type of utility can only be added by the maker of the product?
A. Place utility
B. Possession utility
C. Form utility
D. Time utility
Answers
Answer:
C
Explanation:
Trust me i just took the test
One friend asks you to go to
the movies and the other
asks you to go to the park.
What is the opportunity cost
if you choose to go to the
park? Explain why
Answers
For example, movie theaters are some of the only locations available to the public where you are able to watch the brand new releases of movies. What also makes movie theaters unique from all other places is people receive the opportunity to watch the movie on a giant screen and be the first to find out what new movies are coming out later from the previews. Finally, movie theaters are famous for their movie theater popcorn.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
when you put money into your checking account, you will fill out a a check stub. b signature card. c check register. d deposit slip.
Answers
When you put money into your checking account, you will fill out a deposit slip. The correct answer is D- deposit slip
A deposit slip is a paper form that is used to deposit funds into a checking account. The deposit slip is filled out by the person depositing the funds, often called the depositor.
The deposit slip indicates the type of account in which the funds will be deposited, the account holder's name, and the amount of the deposit.
Because a deposit slip serves as a record of the deposit, it is very important to fill it out accurately.
Depositors should double-check the information on the deposit slip before submitting it to the bank teller.
When the deposit slip is processed, the funds will be deposited into the correct account.
Therefore option D is correct.
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