A complete product-market definition includes product type, customer needs, customer types, and _____
Answers
A complete product-market definition includes product type, customer needs, customer types, and geographic area.
The market where finished goods or services are sold to enterprises and the public sector is known as the product market in economics. It excludes trade in raw materials or other intermediate resources and instead concentrates on the selling of finished goods.
The market where a good or service is purchased and sold is known as a product market. A product market does not involve the selling of raw resources; instead, it concentrates on finished goods that are bought by domestic and international consumers, enterprises.
Product markets: Over the past ten years, countries have opened up their markets, enabling them to expand quickly. However, businesses still find it difficult to obtain reliable consumer data, particularly from people with low incomes.
Characteristics of product market are:
It could be physical or abstract.It includes related characteristics like brand, package, guarantee, etc.It has a market price.It has the capacity to meet the demands and desires of customers.Learn more about Product market here:
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Analyze the following independent situations. Determine how each contingency should be treated
A.Weaver, Inc. is being sued by a former employee. Weaver believes that there is a remote chance that the employee will win.The employee is suing Weaver for damages of $40,000.
B. Gulf Oil Refinery had a gas explosion on one of its oil rigs.Gulf believes it is likely that it will have to pay environmental clean-up costs and damages in the future due to the gas explosion. Gulf cannot estimate the amount of the damages.
C. Lawson Enterprises estimates that it will have to pay $75,000 in warranty repairs next year.
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Analysing the situations below on how each contingency should be treated.
A. In Weaver, Inc.'s case, since there is a remote chance of the former employee winning the lawsuit, the company does not need to recognize the contingency in their financial statements. However, they should still disclose the nature of the contingency in the notes to their financial statements for transparency.
B. For Gulf Oil Refinery, since it is likely that they will have to pay for environmental clean-up costs and damages but cannot estimate the amount, they should disclose this contingency in the notes of their financial statements. They should provide information about the nature of the contingency and why they cannot estimate the damages.
C. In the case of Lawson Enterprises, they should recognize a warranty liability of $75,000 in their financial statements as they have estimated the amount they will need to pay for warranty repairs next year. This warranty liability should be presented as a liability in their balance sheet and an expense in their income statement.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
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5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
PLEASE HELP!! NO ONES HELPED YET T^T WILL MARK BRAINLIEST!!!!!!!!!!!!
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Answer:One of the main reasons why people are motivated to do a job well is the sense of achievement they get from it. Achievement is the feeling of pride that comes from knowing you have done your job well.
A second type of motivation that is common in the workplace is that of power. Some people get a lot of pleasure out of having power and authority. This is not necessarily a bad thing, as sometimes these people are particularly good at directing others and can make good managers.
Both types of motivation are common, and they can be very important in the workplace. However, the sense of achievement can be created by the person individually, and requires little group work. On the other hand, the motivation of power depends on the type of interaction the person has with others.
Explanation:self motivation requires a personal drive where as group motivation has other people tell you when your doing good or they can help you when it isnt going right.
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40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding
Answers
Answer:
Private branding
Explanation:
Private branding is defined as the strategy used by mostly retail stores where they put their own brand on products that they sell. It is used on wide variety of products sold by retailers from cosmetics to food.
They are also called store brands or own brands.
In the given scenario the stores are selling other manufacturers' products with their own brand names. This is private branding
jamal company began the year with $126000 in its common stock account and a debit balance in retained earnings of $54000. during the year, the company earned net income of $27000 and declared and paid $9000 of dividends. in addition, the company sold additional common stock amounting to $33000. based on this information, what should the transaction analysis show for the ending total of all stockholders' equity accounts?
Answers
Based on the given information, the transaction analysis of Jamal company should show the ending total of all stockholders' equity accounts as $123,000.
The stockholders' equity accounts represent the residual interest in the company's assets after deducting its liabilities. In the case of Jamal Company, the stockholders' equity accounts consist of common stock and retained earnings.
At the beginning of the year, Jamal Company had $126,000 in its common stock account and a debit balance of $54,000 in retained earnings, which means that the company had accumulated losses that exceeded its accumulated profits.
During the year, Jamal Company earned a net income of $27,000, which added to its retained earnings. The company also declared and paid dividends of $9,000, which reduced its retained earnings.
In addition, Jamal Company sold additional common stock worth $33,000, which increased its common stock account.
To determine the ending total of all stockholders' equity accounts, we need to add up the common stock and the adjusted retained earnings. The adjusted retained earnings are calculated by adding the net income to the beginning retained earnings and subtracting the dividends declared and paid. In this case, the adjusted retained earnings are -$36,000.
So, the ending total of all stockholders' equity accounts is calculated as follows:
Ending total of all stockholders' equity accounts = Common stock + Adjusted retained earnings
= $159,000 + (-$36,000)
= $123,000
Therefore, the transaction analysis should show an ending total of $123,000 for all stockholders' equity accounts.
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Which component of a balance sheet includes a business’s debts, or the money that it owes to creditors for past transactions?
Answers
Answer:
liabilities.
Explanation:
A balance sheet is prepared based on the accounting equation of assets = capital + liabilities.
The liability section is where the debts of the business are recorded. Liabilities represent what the business owes to suppliers and other third parties. They are expressed in monetary value. Liabilities are further subdivided into current and long term liabilities.
question content area in a lean environment, the journal entry to record conversion costs would include a debit to the raw and in process inventory account. true false
Answers
In a lean environment, the journal entry to record conversion costs would include a debit to the work-in-process inventory account and credit to the manufacturing overhead account. This statement is false.
What is a Lean Environment?A lean environment is one in which the primary goal is to maximize the value delivered to the consumer by reducing waste and minimizing the time and effort required to produce goods and services.
The primary goal is to streamline the process and eliminate any non-value-added processes. Lean is a manufacturing paradigm that emphasizes minimizing inventory and cutting waste in all processes.
To achieve this, a company must adopt a specific approach to inventory accounting that reduces the recording of the work-in-process inventory account and instead emphasizes the finished goods inventory account. This approach is known as Just-In-Time inventory management. Conversion costs are the expenses involved in the transformation of raw materials into finished goods.
The work-in-process inventory account is debited for the cost of direct labor, direct material, and overhead expenses that are included in the work-in-process inventory.
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In a socialist economic system, the government
O owns and controls the people.
O pays little attention to income distribution.
O owns and controls many of the resources.
O rents resources to the people.
Answers
Answer:
owns and controls many of the resources
Explanation:
Socialism, or the command system, is an economic system where the government owns and controls most of the factors of production. It decides on the allocation of resources and what products and services to avail in the market place.
The proponents of socialism advocate for,
1. Collective ownership of the factors of production through an elected central government.
2.Social equity by eradicating citizen's economic classification.
3. Central planning of the economy.
When setting prices of products, businesses want to make sure they can
cover their costs and make
A. a markup
B. an allowance
C. a discount
D. a profit
Answers
Answer:
When setting prices of products, businesses want to make sure they can cover their costs and make:
D. a profit
The setting prices of products, businesses want to make sure they can cover their costs and make a profit. Thus, option (d) is correct.
What is businesses?The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The business is the main motive for earning the profit. Businesses are increasing productivity as a result of rising profits. From the location to the facilities such as medical facilities, proper furniture, employee liberty of work, training, internet facilities, and furniture, etc., businesses are improving. The cost plus extra amount is called the profit.
As a result, in the setting prices of products, businesses want to make sure they can cover their costs and make a profit. Therefore, option (d) is correct.
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if you deposit $ today into an account earning an annual rate of return of percent, what would your account be worth in 40 years?
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The future value will be $135,011.97, if you deposit $ today into an account earning an annual rate of return of percent
The question statement does not include the values for years, interest rates, or present value. We presummed those values as a result. The present value at an interest rate of 11% is $3,500. a male of 35 years old. Future value equals Present value plus (r+1) n = $3,500 plus (1+1%) n = $3,500 x (38.57) = $135,011.97. A rate of return is the net gain or loss of an investment over a specified time period expressed as a proportion of the investment's initial cost (RoR). When calculating the rate of return, you decide what percentage changed from the beginning of the period to the conclusion. While the simple rate of return calculation ignores inflation, the actual rate of return calculation does. Internal rate of return considers the value of money over time (IRR).
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Describe five common fees assessed on credit card accounts and how they can be avoided.
What is the major benefit of having a credit card with a grace period?
Differentiate between an installment purchase agreement and a conditional sales contract.
Distinguish between needs and wants, and explain why it may be better to act as if no needs exist.
Why should you make major purchase decisions at home?
How do lemon laws work?
Answers
Five common fees assessed on credit card accounts include annual fees, late payment fees, balance transfer fees, cash advance fees, and foreign transaction fees.
To avoid annual fees, you can choose a credit card that does not charge an annual fee or negotiate with your credit card issuer to waive the fee.
Late payment fees can be avoided by making your credit card payments on time. Setting up automatic payments or reminders can help you stay on track.
Balance transfer fees can be avoided by choosing a credit card that offers a promotional period with no balance transfer fees. Additionally, carefully read the terms and conditions to understand any fees associated with balance transfers.
Cash advance fees can be avoided by using alternative methods of obtaining cash, such as using a debit card or withdrawing money from your bank account.
Foreign transaction fees can be avoided by using a credit card that does not charge foreign transaction fees or by using a local currency when traveling abroad.
The major benefit of having a credit card with a grace period is that you have the opportunity to avoid paying interest on purchases if you pay your balance in full by the due date. This means that if you make a purchase during the grace period, you have a certain number of days to pay off the balance without accruing interest.
An installment purchase agreement is a type of contract where a buyer agrees to make regular payments over a specified period of time until the total purchase price is paid. A conditional sales contract, on the other hand, is a contract that allows the seller to repossess the item if the buyer fails to meet the agreed-upon conditions, such as making payments on time.
Needs refer to essential items or services that are necessary for survival or basic well-being, such as food, shelter, and healthcare. Wants, on the other hand, are non-essential items or services that are desired but not necessary for survival. It may be better to act as if no needs exist because it can help prioritize spending and prevent unnecessary expenses.
Making major purchase decisions at home allows you to carefully consider your options, compare prices, read reviews, and research the product or service before making a decision. It also allows you to consult with others or seek advice if needed.
Lemon laws are laws that provide legal protections for consumers who purchase defective vehicles. These laws vary by jurisdiction, but they generally allow consumers to seek remedies such as a refund, replacement, or repair if their vehicle has significant defects that affect its safety, value, or use. Lemon laws typically have certain requirements and procedures that need to be followed to qualify for protection.
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Purchased goods on credit Rs. 2,000 from hari at 10% trade discount
Answers
Answer:
SHE / HE HAS PURCHASED GOOD = 2000
CREDIT CARD
DISCOUNT = 10 %
\( \frac{10}{100} \times 2000 \: = \frac{10 \times 20}{1} = 200\)
DISCOUNT YOU GOT IS 200
how does an increase in income increase tax revenue
Answers
Answer:
An increase in income will increase tax revenue because the more taxes and tax write-offs will lead to more in tax returns.
Explanation:
The more income you make the more taxes you will pay, after write-offs you will end up earning more back in tax returns than you would if you made less
why is enterprise important to a country ?
Answers
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
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According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answers
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
When your suppliers increase the prices of your inputs, they increase your _____, and this will shift your supply curve to _____.
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The first blank should be filled with production cost, while the second blank should be filled with, downwards.
Supply Curve DynamicsBy convention, price is a function of demand and supply.
However, in case scenarios, when suppliers of inputs increase input prices, the manufacturer's production cost is increased and this in turn shifts the supply curve downwards.
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A job may help you provide for survival, or it may help you provide for enjoyment. Which of the following expenses is an example of a survival need?
Answers
Answer:
C. Paying rent for your family's apartment
Explanation:
its called common sense
Answer:
C. Paying rent for your family's apartment
Explanation:
Name three factors that determine a good’s or service’s elasticity.
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Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.Internal Stakeholders → Exhibition that is open to the public, usually requiring an entrance fee.
True
False
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Answer:
Explanation:
t
The Answer to this question is False
What are the approaches for learning Economics effectively?
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There will be a higher equilibrium price and quantity if _____.
a. demand increases and supply stays the same
b. supply increases and demand decreases
c. supply increases and demand stays the same
d. supply increases and demand increases
TIMEDDDD HURRY PLEASEE
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Answer:
I think the answer would be D
Explanation:
a financial plan is most influenced by
Answers
Answer: priorities and goals
Explanation: because
The financial plan is most influenced by priorities and goals Option(b) is correct.
What does Financial Plan means?Overall utilization, a financial plan is a complete assessment of a singular's ongoing compensation and future financial state by utilizing current known factors to foresee future pay, resource values and withdrawal plans.
In business, a financial plan can allude to the three essential financial assertions monetary record, pay explanation, and income proclamation) made inside a field-tested strategy. Financial estimate or financial plan can likewise allude to a yearly projection of pay and costs for an organization, division, or division.
A financial plan can likewise be an assessment of money needs and a choice on the most proficient method to raise the money, like through getting or giving extra offers in an organization A financial plan might contain forthcoming financial explanations, which are comparative, however unique, than a financial plan. Financial plans are the whole financial bookkeeping outline of an organization. Complete financial plans contain all periods and exchange types.
Therefore Option(b) is correct.
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_____ markets include the New York Stock Exchange (NYSE) and NASDAQ.
Answers
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answers
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
Hotel guests are the internal customers.
False
or
True
Answers
Answer:
yes it's true is the correct answer
What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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an example of a private leisure service agency is military recreation
Answers
private leisure service agencies operate independently of government or military organizations and cater to the general public or specific target markets seeking leisure and recreational experiences.
Private leisure service agencies, on the other hand, are privately owned businesses or organizations that offer various leisure and recreational services to the general public for a fee. Examples of private leisure service agencies include:
1. Fitness centers or gyms: These establishments provide fitness facilities, classes, and personal training services to individuals who pay for memberships or individual sessions.
2. Travel agencies: These agencies offer travel planning, booking, and advisory services to individuals or groups looking for vacation packages, flights, hotels, and other travel-related arrangements.
3. Amusement parks: Private amusement parks provide entertainment attractions, rides, and recreational activities for visitors who purchase tickets or passes.
4. Sports clubs or facilities: Private sports clubs, stadiums, or facilities offer access to sports activities such as tennis, golf, swimming, or other sports, usually through membership or pay-per-use arrangements.
5. Entertainment venues: Private venues like theaters, concert halls, or comedy clubs host performances and events for ticketed audiences.
These examples represent private enterprises that focus on providing leisure and recreational services to the public, distinguishing them from military recreation programs, which are typically exclusive to military personnel and their families.
private leisure service agencies operate independently of government or military organizations and cater to the general public or specific target markets seeking leisure and recreational experiences.
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Roxanne is writing an email rejecting a customer’s refund claim for a faulty kitchen blender. Which statement makes a good buffer for Roxanne’s email?
A. We regret that we are not able to offer a replacement.
B. We are glad to hear from a loyal customer.
C. We have considered your request about the kitchen blender.
D. We see that you have used the blender for nine months.
E. We hope to continue serving you in the future with the best products.
Answers
The statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
What is an email?This is an electronic device, used for exchange of messages between a sender and a receiver. This device connects people together.
Hence, the statement that makes a good buffer for Roxanne’s email is : We have considered your request about the kitchen blender.
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what's an economy? how does it work?
Answers
What is an economy:
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
How does it work:
The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.
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