abc automobiles include remote self-parking assist. this autonomous system allows cars to park themselves even when the owner is not inside the car. this service differentiates abc from other automobile manufacturers that do not offer this feature. this is an example of a(n) order winner
How do products succeed in the marketplace and get sales?Price, delivery dependability, delivery speed, quality conformance, demand growth, product range, design, distribution, design leadership, being an existing supplier, marketing and sales, brand name, technical liaison and support, and after-sales support are among the 14 characteristics of order-winners and qualifiers.
Product dependability and quality were order qualifying factors at Walmart. They provided high-quality goods and services that were always in stock, making them dependable. Walmart, however, provided inexpensive goods as order winners in order to acquire a competitive edge.
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In january 2019, the price of gasoline was $2. 70 a gallon. By spring 2019, the price had increased to $3. 00 a gallon. Assume that there were no changes in average income, population, or any other influence on buying plans. Explain how the rise in the price of gasoline would affe
Energy prices are major part of economy and it would affect everything.
Increases in energy prices costs can be detrimental to the economy, having an effect on everything from private consumption to the cost of airline tickets to hiring decisions.
Energy prices is a crucial component of transportation, which has an influence not only on enterprises that depend on global logistics and transportation networks but also on households directly affected by driving.
Higher energy prices may limit discretionary expenditure, which might have repercussions on the entire economy.
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Francisco studied design and botany in college. He loves to work outside and has a great imagination. What company in the Architecture and Construction career cluster might be interested in hiring Francisco?
A.
a plumbing company in need of an apprentice
B.
a landscaping company looking for an architect
C.
a chainsaw manufacturer in need of a shift supervisor
D.
a paint store looking for a sales representative
The company in the Architecture and Construction career cluster which might be interested in hiring Francisco would be a landscaping company looking for an architect.
Since Francisco studied design and botany in the college, and he loves to work outside and has a great imagination. So manufacturer in need of a shift supervisor in landscaping company in the Architecture and Construction career cluster might be interested in hiring Francisco.
A landscaping company looking for an architect can hire Francisco, as Francisco studied design and botany in the college. Thus, a landscaping company has the activity of designing or improving gardens and the surroundings of buildings.
Hence, option B is correct.
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Answer: b
Explanation: is correct
One of the users in your organization has just re-installed the operating system on his system. He notices that the email software can be accessed after the reinstallation, but all the old emails have disappeared. What could be the cause of this problem?.
The cause f the problem can be locally using a protocol called POP3 (Post Office Protocol 3), but one avoid such email issues by keeping it in sync with all of your devices using a protocol called IMAP (Internet Message Access Protocol).
To transport messages from an email server to an email client, the post office protocol (POP) is the message request protocol that is most often used on the Internet today. With POP3, the email client requests new messages from the email server, and the server "pops" all new messages to the client. When email clients want to retrieve email from a mail server, they use the Post Office Protocol, an application-layer Internet standard protocol. The most popular email retrieval protocols are POP version 3 and IMAP. POP version 3 is currently in widespread use.
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go to the st. louis federal reserve fred database and find data on federal debt held by the federal reserve (fdhbfrbn), by private investors (fdhbpin), and by international and foreign investors (fdhbfin). using these series, calculate the total amount held and the percentage held in each of the three categories for the most recent quarter available. repeat for the first quarter of 2000, and compare the results.
The Main Answer is Federal debt held by the federal reserve = 501.7/4,769.5 x 100 = 10.51%
Federal debt held by the private investors = 3,182.8/4,769.5 x 100 = 66.74%
Federal debt held by the international and foreign investors = 1085/4,769.5 x 100 = 22.75%
Step 1. Introduction
The data obtained for the recent quarter and for the firt quarter of 2000 can be shown as,
Observation date Held by federal reserve Held by private investors Held by foreign and international investors
2000-01-01 501.700 3182.8 1085.0
2021-10-01 6141.499 17491.3 7739.4
Step 2. Explanation
From the above data, the total amount held in 2021:Q4 can be obtained as,
($ 6,141.499 +$ 1,7491.3+ $ 7739.4)billions = $ 31,372.199
Now, the percentage held in each category can be obtained as,
Federal debt held by the federal reserve = $ 6,141.99/$ 31,372.199x 100= 19.57%
Federal debt held by the private investors = $ 1,7491.3/$ 31,372.199x 100= 55.75%
Federal debt held by the international and foreign investors = $ 7739.4/$ 31,372.199x 100= 24.67%
The total amount of federal debt held in 2000:Q1 can be obtained as,
=$($501.7+3,182.8+1085)billions =$4,769.5 billions.
Now, the percentage held in each category can be obtained,
Federal debt held by the federal reserve = 501.7/4,769.5 x 100 = 10.51%
Federal debt held by the private investors = 3,182.8/4,769.5 x 100 = 66.74%
Federal debt held by the international and foreign investors = 1085/4,769.5 x 100 = 22.75%
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potential career paths in operations and supply chain management include a(n) , who acquires knowledge in a specific market in which the organization purchases significant quantities of materials and services.
Commodity manager acquires knowledge in a specific market in which the organization purchases significant quantities of materials and services.
Who is Commodity manager?Commodity managers keep an eye on the state of the market and buy when the going is good. They continually look for new chances for innovation and analyse trends to spot and address potential supply chain issues.
Commodity managers, who are also known as procurement managers, are in charge of overseeing the acquisition of goods to support the supply chain of a business. They are primarily responsible for supervising department employees and sourcing supplies from vendors while also monitoring market conditions to reduce risks.
A basic good that is interchangeable with other items of the same type in commerce is referred to as a commodity. Grain, gold, beef, oil, and natural gas are classic examples of commodities. Commodities can help investors diversify their portfolios in ways other than traditional securities.
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At the end of march, paul’s painting hired five temporary employees to work on a project that began on april 5 and ended on april 28. Paul’s received 100% of the total payment for the project on may 3. In this situation, both ________ accounting and gaap require that paul’s recognize the employees’ total salary expense in ________.
Five temporary workers were employed by Paul's Painting at the end of March to work on a project that started on April 5 and completed on April 28. Paul was paid the full amount for the project on May 3. Paul's must recognize the full cost of the employees' salaries in April in order to comply with both accrual basis accounting and the GAAP in this case.
For businesses, accrual accounting is required by GAAP.
Revenue and spending GAAP must match for accrual accounting to take place. Even though the monetary transaction related to them may take place at a different time, both income and associated expenses occur at the same time.
Given that the project's revenue is collected in April, the salary expense associated with that activity should GAAP also be recorded in April using the accrual method.
A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.
GAAP is a system of rules-based standards that is guided by 10 key principles. It frequently contrasts with the International Financial Reporting Standards (IFRS), which are seen as more of a standards-based standard. There have been recent efforts to switch from GAAP reporting to IFRS since IFRS is a more global standard.
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(Help Needed ASAP will give Brainlist)
List two products and then discuss how supply and demand appear to affect the prices of each of the products.
Answer:
As the supply of Gasoline goes up, the price goes down and the demand goes up, which the higher demand of gasoline will lower the supply and push the prices higher, which will lower the demand, and with the demand being low, the supply gets higher and the whole cycle starts again
Acme enterprises, a consulting firm, bought 4 boxes of copy paper from an office supply store for $15 each. the copy paper would be reported as?
An office supply supplier sold four boxes of copy paper for $15 each to consultancy company Acme Enterprises. The copies paper would be reported as current assets supplies.
What is an asset vs liability?In its simplest form, your balance sheet can be divided into assets and liabilities. All possessions with the potential to generate future financial gain are considered a company's assets. Liabilities are the sum of all your obligations to others. In other words, assets make you richer while debt makes you poorer.
A business's asset that may be quickly sold or used to generate liquid cash is known as a current asset. A current asset is an essential component since it allows a corporation to utilize the funds on a regular basis and cover current business needs.
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Where does a supply chain begin?
(2 Points)
at a factory
in a supermarket or store
with raw materials
with products that are for sale
The possibility of conflict of interest between the firm's stockholders and management is called ______.
The possibility of conflict of interest between the firm's stockholders and management is called the agency problem.
An agency problem is a conflict of interest which is inherent in any relationship where one party is expected to act in the best interest of the another party another. Thus, the agency problem cannot exist without a relationship between a principal and an agent.
Stockholders and managers in a corporation would most likely engage in the conflict of interest. So the stockholders would intend to focus on maximizing business value.
Hence, the managers would focus on their promotion, commission, and other bonuses.
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an organization’s culture, especially a strong one, influences and constrains the way managers , such as the degree of environmental scanning in which management will engage.
Strong organizational cultures affect and impose constraints on managers' planning processes, such as whether plans should be generated by teams or individuals.
Organizational culture: what is it?The acceptable behavior in a company is determined by its culture. This culture is made up of a set of common ideals and beliefs that have been formed by leaders, disseminated, and reinforced through a variety of channels, ultimately influencing how employees think, act, and perceive the world.
What does a strong organizational culture look like?Only when the workplace is appropriate for the business and its employees—taking into account their preferred working styles, amenities, and office layout that affect their employee experiences, as well as whatever makes them feel most relaxed or productive—does a strong organizational culture emerge.
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When an organization buys raw materials that are reprocessed and sold as finished goods, or if it buys a good it will then sell, then it is considered to be?.
Answer:
Explanation:
Three types of organizational buying situations: new buy, straight rebuy, or modified rebuy
pepe pieman believes that pizza is a much more versatile meal than most people realize. as the national marketing manager for pizza pals, he has watched how consumers ate up barbecue pizza, hawaiian pizza, mexican pizza, and other new and unique combinations. his superiors, however, met his suggestions for other unusual pizzas with a negative response. even some of his teammates laughed at his ideas. pepe's confidence in his ability to understand the market has led him to focus on planning a business of his own. pepe realizes that he will take a risk when he leaves his job with pizza pals and sets off on a new endeavor: pepe's pizzazzeria. pepe is excited about the potential of profitably catering to the unmet desires of pizza consumers. pepe is confident that pepe's pizzazzeria will be a success, but only if he has enough money to do things right. since pepe has very little personal wealth, he knows he must find financial assistance. in order prepare for meetings with bankers and potential investors, pepe should
Restaurants are easy to start up but difficult to keep going.
Limited Liability. A company is an independent legal entity and shareholders are only liable to the extent of their property. This limited liability feature gives corporations an advantage over sole proprietorships and partnerships that do not enjoy such protection. The advantage of partnerships is that there is a simple process for partners to exit the business.
The advantage of a partnership over a sole proprietorship is the potential to raise more capital. A major drawback of the corporate form is the double taxation of shareholders on distributed profits and dividends. Some of the advantages include limited liability easy transferability the ability to raise funds, and unlimited life.
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A product’s cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, which is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the abc system. True or false?.
A product’s cost is the sum of its direct-material cost, its direct-labor cost, and its overhead cost, compute product costs under an activity based costing system is the accumulation of all the resource costs driven to the product by the various cost drivers selected for the ABC system.
What is referred to as costing system?
The costing system is designed to track the costs incurred by the business. The system consists of a set of forms, processes, controls, and reports designed to aggregate and report revenue, costs, and profitability to management. Reportable areas can be any part of the company, including its customers, departments, facilities, processes, products and services, research and development, and sales regions.How to use the calculation system
The information produced by the costing system is used by management for various purposes, including:
Fine-tuning operations to achieve higher profitabilityDeciding where to cut costs in the event of a business downturnComparison of actual costs incurred with budgeted cost levels for control purposesCreating strategic and tactical plans for future operationsTo learn more about costing system, refer to:
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frequently, clients have multiple needs and are utilizing resources from more than one agency or organization. in these situations, the responsibility of the worker is to
Frequently, clients have multiple needs and are utilizing resources from more than one agency or organization. In these situations, the responsibility of the worker is to do case management.
The practice of case management is a professional and collaborative process of evaluating, planning, implementing, coordinating, monitoring and evaluating the options and services needed to meet an individual's medical needs.
What are case management skills?
The Case Manager acts as a bridge between physicians and patients, and her skills revolve around her ability to both communicate and execute her plan of patient care. Case managers use skills such as critical thinking and empathy to empower patients and make them feel comfortable.
What is an example of case management?
A service request is made by a customer or employee to work on or repair some type of equipment. These requirements pose several challenges for organizations. For example, tracking requests, handling too many requests at once, and inefficiencies caused by tackling recurring problems.
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Of the over $550 million dollars lent to low-income individuals or to those who do not have access to typical banking services, what was the approximate average size of a loan made by the kiva microfinance services organization?.
The approximate average size of a loan made by the kiva microfinance services company was $416.62
The range of financial products that microfinance institutions (MFIs) offer to their clients, including microloans, microfinance, and microinsurance products, is referred to as "microfinance." Microfinance was created in the 1970s when social entrepreneurs began providing substantial loans to the working poor.
One individual whose contributions to microfinance have made him well-known on a worldwide basis is Professor Muhammad Yunus, who shared the 2006 Nobel Peace Prize alongside Grameen Bank. Yunas and Grameen Bank have demonstrated that the poor are capable of escaping poverty. Additionally, Yunus demonstrated that loans provided to the working poor had relatively high payback rates when structured properly. His work attracted both profit-seeking capitalists and social engineers.
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A reduction in an input price will cause a change in quantity supplied but not a change in supply. True or false?.
The answer is true. Quantity supplied in economics refers to the number of goods or services that suppliers will produce and sell at a given market price. Therefore the quantity supplied differs from the real amount of supply (i.e., the total supply).
The quantity supplied is the amount of a product that a retailer wishes to sell at a specified price. When stating the quantity supplied, a time period is usually included. As an example: When the price of an orange is 65 cents, the weekly supply is 300 oranges. Price increases nearly invariably result in an increase in the quantity of that commodity or service supplied.
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Amend inc. Debited accounts receivable and credited allowance for uncollectible accounts to reestablish an account previously written off. Amend inc. Should also debit blank______ and credit blank______.
Amend inc. Should also debit blank Empty Cash and credit blank Accounts Receivable.
Receivables are one of the elements of current assets in the company's balance sheet that arise as a result of the sale of goods, services or the provision of credit to debtors whose payments are generally given within 30 days to 90 days.
In a broad sense, receivables are claims against other parties in the form of money, goods or services sold on credit. Receivables in accounting have a narrower meaning, namely, to show demands on outside parties that are expected to be settled by receiving a certain amount of cash.
In general, receivables arise as a result of the sale of goods and services of the company, where payment by the party concerned will only be made after the date of the sale and purchase transaction.
Considering that receivables are very important company assets, reasonable procedures and satisfactory methods must be carried out with debtors so that it is necessary to develop a good procedure for the progress of the company.
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Meg and jack own property together. meg owns 60% and jack owns 40%. if either dies, their share is inherited by their spouse. based on these facts, what kind of ownership are they most likely to have?
Answer: tenancy in common
Explanation:
Meg and jack own property together. meg owns 60% and jack owns 40%. if either dies, their share is inherited by their spouse. In that case, Meg and Jack have a tenancy in common ownership.
What do you mean by Ownership?The act of having legal custody and control over something, whether it be a material item or an intangible one, is known as ownership.
An ownership arrangement known as a tenancy in common involves multiple owners who each hold varied or equal shares of the property. The property belongs to the renters or owners in its entirety; they cannot claim a specific piece based on the size of their share. Every owner is guaranteed equal rights and privileges under the deed.
The most common ownership structure for a married couple is that of tenants by the entirety. According to the hypothetical premise that a husband and wife are treated as one person for legal reasons, tenancy by the totality equals ownership in real estate. The property is given to them as a single entity under this mode of ownership.
Therefore, They have a tenancy in common ownership.
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Sometimes consumers purchase goods because of "conspicuous consumption"; i. E. , they want others to know that they can afford to buy the goods. There are many examples of these goods, such as rolex watches, coach purses, and flying first class. What would you expect the income elasticity of demand to be for these goods?.
A. These are luxury goods, so income elasticity would be greater than 1.
The Correct Option is AAn economic indicator of how sensitive the amount desired for an item or service is to a change in income is called income elasticity of demand. The ratio of the percentage change in quantity requested to the percentage change in income is used to determine the income elasticity of demand.
What does a value of 1 for income elasticity mean?
The income elasticity of demand would be 20%/20% = 1, for instance, if a person's income rose by 20% and the quantity required for an item rose by 20%. It would become a typical good as a result.
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Complete Question - Sometimes consumers purchase goods because of "conspicuous consumption"; i.e., they want others to know that they can afford to buy the goods. There are many examples of these goods, such as Rolex watches, Coach purses, and flying first class. What would you expect the income elasticity of demand to be for these goods?
A. These are luxury goods, so income elasticity would be greater than 1.
B. These are normal goods, so income elasticity would be greater than 1.
C. These are inferior goods, so income elasticity would be greater than 1
the project manager should use the kickoff meeting to not only share project information but also set the project by establishing clear roles for her team.
Setting team-level expectations the project manager should use the kickoff meeting to not only share project information but also set the project by establishing clear roles for her team.
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation and created at the beginning of the development process. The primary constraints are scope, time, and budget.
Project managers (PMs) are responsible for planning, organizing, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.A project manager is a professional in the field of project management. The project manager is responsible for planning, procuring, and executing the project in any endeavor that has a defined scope, a defined beginning, and a defined end. irrespective of industry.
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What is the first of the three simple steps in the high-level view of manufacturing?.
The high-level view of what is required to make something can be divided into three simple steps. The first step is sourcing the parts we need, followed by actually making the item, and then sending the item to the customer.
High-level process planning identifies the manufacturing operations that can be performed by candidate partners to manufacture the design under consideration. Given the critical design attributes stored in the OOGT information model, the system generates high-level process plans, which identify alternative processes that can be used for the product manufacture and candidate manufacturing plants that are capable of performing these processes. The plans do not describe the detailed instructions necessary for performing each process. Each alternative technology plant has related product characteristics that the plant can produce using related processes. Unlike other methods, plant-specific process planning supports flexible manufacturing, taking into account the capabilities of specific processes and the performance of candidate partners. High-level process planning procedures apply differently to pure mechanical and electromechanical products. The technical plan for mechanical products includes primary process, secondary process and tertiary process. The main processes are mesh-type processes such as casting, forging and injection molding. The secondary process is a material removal process such as machining.
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chegg according to the product-process matrix, the choice of which process type to select is based on two main characteristics: product volume and product standardization.
According to the product-process matrix, the choice of which process type to select is based on two main characteristics: product volume and product standardization. This statement is True.
What's product standardization?Standardization is the process of enforcing and developing specialized norms grounded on the agreement of different parties that include enterprises, druggies, interest groups, norms associations, and governments.Standardization can help maximize comity, interoperability, safety, repetition, or quality. It can also grease a normalization of formerly custom processes. In social lores, including economics, the idea of standardization is close to the result of a collaboration problem, a situation in which all parties can realize collective earnings, but only by making mutually harmonious opinions.What's product standardization with illustration?The norms insure that goods or services produced in a specific assiduity come with harmonious quality and are original to other similar products or services in the same assiduity. Standardization also helps in icing the safety, interoperability, and comity of goods produced.Learn more about product standardization here:
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When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called.
When a corporation or government wishes to borrow money from the public on a long-term basis, it usually does so by issuing or selling debt securities that are generically called bonds.
In the field of business, a bond can be described as an agreement that shows a loan that is given to a borrower. A corporation or government is the borrower in a bond and the public is the loan provider.
Debt securities are used for making bonds by the corporation or government.
If an interest needs to be made along with the borrowed money, then bond coupons are used.
The formation of binds in businesses helps lenders to get back their money on the set date. It also helps in making the borrowing and lending process easier as all terms and conditions are mentioned when a bond is made.
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Switzerland is much smaller than the united states but its population density is much greater. Although switzerland’s gdp is much smaller than the united states’ gdp, its _______ is slightly higher.
Switzerland is much smaller than the united states but its population density is much greater. Although Switzerland's GDP is much smaller than the united states' GDP, its GDP per capita is slightly higher.
A country's Gross Domestic Product (GDP) per capita is calculated by dividing the GDP by the entire population. The table that follows ranks all of the nations in the world according to nominal GDP per capita and GDP at purchasing power parity (PPP) per capita. Therefore, a higher GDP per capita is frequently associated with excellent outcomes in a wide variety of areas, such as better fitness, more education, or even more lifestyle satisfaction. United States of America. The United States of America is a North American country and the strongest naval and economic power in the region. Likewise, its cultural influence is felt around the globe, mostly because to the popular culture that is reflected in music, movies, and television.
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When ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her ________ set.
When ilana was considering different brands of pocketbooks to buy, she could think of only three she would actually consider purchasing. These three brands make up her evoked set.
What is Evoked set?
The brands that come to a consumer's mind when a need for a good or service occurs are known as the "evoked set." Based on how consumers view these brands and their brand equity with consumers, they are regarded as acceptable. Both previously purchased brands and brands that the consumer has never used can be part of the evoked set. Brands that are associated with a consumer's evoked set have the chance to win them over as a new or returning customer. Brands must achieve this position in the minds of their intended market in order to market their good or service. Cereals, shoes, autos, candy, chips, pharmaceuticals, and cereal boxes are among typical locations where evoked sets are found.
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important stakeholders exist both inside and outside of an organization. this activity is important because managers must know how to operate in the two organizational environments that house these stakeholders—the internal environment and the external environment. the goal of this activity is to test your knowledge of an organization’s external environment, which is made up of the task environment and the general environment.
Both categories of stakeholders are crucial to the operation of the company. Internal stakeholders are essential to a company's operation. For instance, a company cannot run on a day-to-day basis without employees and supervisors. External stakeholders are also crucial in a similar way.
Who are the both internal and external stakeholders?Internal stakeholders are those who have a direct interest in a firm, such as job, ownership, or investment. External stakeholders are individuals who do not work directly with a firm but are influenced in some way by its activities and consequences.
Stakeholders provide practical and financial assistance to your firm. Employees, loyal consumers, and investors are all examples of stakeholders. They increase the number of individuals who cares about the success of your business, making you feel less isolated in your running a business.
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The __________ strategy, such as mcdonald’s, includes creation of a product in the home country, but then relies on foreign personnel to assist with remote marketing and sales.
The franchiser approach, such as McDonald's, includes the creation of a product within the home u. s. a . however then is predicated on foreign employees to assist with far-flung marketing and income.
Marketing is the hobby, set of establishments, and tactics for growing, speaking, handing over, and changing services that have value for customers, customers, companions, and society at huge. The 5 predominant advertising ideas are manufacturing, product, promoting, marketing, and societal. businesses utilize those five concepts in regard to the product, price, distribution, and promotion of their commercial enterprise.
The four ps of marketing —product, rate, place, and merchandising—are often referred to as the marketing blend. those are the important thing factors worried in planning and advertising and marketing products or services, and they interact extensively with every other. The significance of marketing to your business is that it makes the clients aware of your products or services, engages them, and allows them to make the shopping selection. moreover, an advertising plan, a part of your business plan enables in developing and preserving demand, relevance, popularity, opposition, and many others.
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a policy intended to make housing affordable for the poor (i.e., rent control) has had the net effect of shifting resources away from the building of:
a policy intended to make housing affordable for the poor (i.e., rent control) has had the net effect of shifting resources away from the building of: non-luxury apartments for the poor.
Rent controls force landlords to cost apartments below the equilibrium index. an instantaneous effect could be a shortage (excess demand) of apartments, because the number of apartments demanded is bigger than the amount supplied at the regulated price.
Rent control may be a price ceiling imposed by the government. A price ceiling could be a government-imposed limit on how low a price is charged and kept for an honest person. A price ceiling or price cap could be a regulation that creates it illegal to charge a price on top of a specified level.
When a price ceiling is applied to a housing put up for sale is termed a rent ceiling. If the rent ceiling is ready above the equilibrium rent, it's no effect. The market works as if there has been no ceiling. Rent control could be a broad term for legislation that limits rental rates during a city or state.
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mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of birmingham bonds. if mitch earned an additional $80,000, what would his 2022 marginal tax rate be on the $80,000 (rounded)?
mitch, a single taxpayer , earns $100,000 in taxable income and $10,000 in interest from an investment in city of birmingham bonds. if mitch earned an additional $80,000 ,18,289.50 would his 2022 marginal tax rate be on the $80,000
On a $10000 income, how much tax do you pay?Income between $1 and $10,000 is taxed at a 10% rate, income between $10,000 and $20,000 is taxed at a 20% rate, and all income over $20,000 is taxed at a 30% rate. Under this arrangement, someone making $10,000 is subject to a 10% tax rate and a $1,000 total payment. A $5,000 earner pays $500, and so forth.
When the tax rate is lower for people in higher income groups, it is said to be regressive. In other words, lower-income families pay a bigger share of their income in taxes than do higher-income households. For instance, a shop employee earning $20,000 may pay taxes at a rate of 40%.
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