a) The lagoon requires pumping for more than 107 days per year.
b) The lagoon was pumped 40 times last year then pumping the sludge using a portable pump and hauling it away by truck would be best alternative which is cheaper
(a) To determine the number of days per year that the lagoon must require pumping to justify construction of the pipeline, we need to compare the present worth of the two alternatives: pumping the sludge using a portable pump and hauling it away by truck versus pumping it through a pipeline to the remote site. We can use the following steps:
1. Calculate the present worth of pumping the sludge using a portable pump and hauling it away by truck:
- Initial cost of portable pump = $800
- Annual cost of pump operation = $25 x 365 = $9,125
- Annual cost of truck and driver = $110 x 365 = $40,150
- Salvage value of pump at end of 8 years = $0
- Using the present worth formula, the present worth of this alternative is:
PW1 = -800 - (9125 + 40150)/1.15^1 - (9125 + 40150)/1.15^2 - ... - (9125 + 40150)/1.15^8 = -$118,435.69
2. Calculate the present worth of pumping the sludge through a pipeline to the remote site:
- Initial cost of pipeline = $3.52 x 4950 = $17,424
- Initial cost of pump = $600
- Annual cost of pump operation = $3 x 365 = $1,095
- Salvage value of pump at end of 10 years = $0
- Using the present worth formula, the present worth of this alternative is:
PW2 = -17424 - 600 - (1095)/1.15^1 - (1095)/1.15^2 - ... - (1095)/1.15^10 = -$16,131.41
3. To find the number of days per year that justifies the construction of the pipeline, we need to find the breakeven point where the present worth of the two alternatives is equal. We can use trial and error or a spreadsheet program to solve for the number of days. The breakeven point is approximately 107 days per year.
Therefore, if the lagoon requires pumping for more than 107 days per year, it would be more cost-effective to install the pipeline and pump the sludge to the remote site.
(b) Since the lagoon was pumped 40 times last year, we need to compare the total cost of the two alternatives for pumping the sludge 40 times.
For pumping the sludge using a portable pump and hauling it away by truck, the total cost would be:
- Initial cost of portable pump = $800
- Cost of pump operation for 40 days = $25 x 40 = $1,000
- Cost of truck and driver for 40 days = $110 x 40 = $4,400
- Salvage value of pump at end of 8 years = $0
- Total cost = $800 + $1,000 + $4,400 = $6,200
For pumping the sludge through a pipeline to the remote site, the total cost would be:
- Initial cost of pipeline = $3.52 x 4950 = $17,424
- Initial cost of pump = $600
- Cost of pump operation for 40 days = $3 x 40 = $120
- Salvage value of pump at end of 10 years = $0
- Total cost = $17,424 + $600 + $120 = $18,144
Therefore, pumping the sludge using a portable pump and hauling it away by truck would have been cheaper in this scenario.
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Explain two factors A&B should take into account when deciding which price method to use.
Answer:
Whether the demand for their product is elastic or inelsatic AND whether they have close competitors
Explanation:
*DEMAND ELASTIC OR INELASTIC*
If the product A&B is selling has close substitutes, the product is likely to be more elastic. This means that even a slight rise in price will shift consumers to the substitutes ( competitor's product) which have lower prices. Moreover if the product takes a larger proportion of people's income, and is a luxury, the price is likey to be elastic. However if the product is inelastic ( the product doesn't have close substitutes), an increase in price will not cause much fall in sales, resulting in the prevention of losses in revenue. By using this knowledge A&B can determine whether or not they can use price skimming or promotional pricing.
*CLOSE COMPETITORS*
If the product that A&B is selling has close competitors, raising the price greater than competitor's prices will result in losses of A&B and it will loose customers to rival businesses. A&B can also decide by observing the quality of rival's products and examine whether they should further increase the quality and set higher prices for their product to create a 'higher quality image'.
Through these observations A&B can decide if competitive pricing or penetration pricing will be suitable for it or not.
Reliability refers to the ability of a product to perform its
intended function under normal conditions. true or
false
Reliability refers to the ability of a product to perform its intended function under normal conditions. This statement is true. The reliability of a product can be determined by the consistency of its performance under normal conditions.
It is an essential characteristic of any product, system, or service that influences consumer trust and confidence in the product. To assess the reliability of a product, manufacturers often conduct various tests to evaluate its performance under normal operating conditions.
The results of these tests are used to determine the product's reliability index, which measures the product's reliability against the expected performance standard. If a product has high reliability, it means that it is more consistent in performing its intended function, and consumers can rely on it for a longer period.
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Describe one accountability issue of a business
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
For a perfectly competitive firm, marginal revenue: ________
a) is less than price.
b) is greater than price.
c) decreases as the firm increases output.
d) is equal to price.
In a perfectly competitive market, the marginal revenue will be equal to the price. In a perfectly competitive market, there will be a large number of buyers and sellers selling their goods at the same rate. The goods will be homogenous and there will be no difference in the goods sold. In such a case the marginal revenue will be equal to the price of the goods.
Let us assume a perfectly competitive market. A seller will be able to sell whatever quantity he wants at that rate. If the price of the goods is increased he will not have customers. There is no use in reducing the price as the customers are willing to buy the goods at a higher rate. The market is also able to buy all the goods sold by the seller so their marginal revenue will not decrease.
In a perfectly competitive market, the marginal revenue line is a horizontal line. this line will be equal to the price of the goods in the market.
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What is TRUE about time as a factor in investing?
A.
The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
B.
Time rarely plays a large role in investment decisions or outcomes, and typically waiting to make decisions lowers an investor’s overall risk.
C.
If you have 10 years or more to invest, opening a savings account can be a good option for high-risk, high-reward investing.
D.
If you have a shorter time period to invest because you are nearing retirement, a higher-risk investment is generally a better choice.
plz help :)
Answer:
A. The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
Explanation:
This is basically the reason why younger investors can afford higher risks than older investors. If you are 60 years old, you will probably invest in very secure stocks or bonds. Instead, when you are 25, you can afford investing in risky stocks that have higher than average growth potential.
Answer:
The more time the investor has, the more risk they can take because there is time to weather the declines in a stock and wait for it to regain some of its value before selling.
Explanation:
I got it right on the test nun to worry about.
Why are people attracted to goat Chyangra and sheep farming?
Answer:
Provision of simple shed with low cost housing materials is enough for sheep and goat for its optimum production efficiency. The sheds should be constructed in an elevated area to prevent water stagnation. Fodder trees can be grown around the shed, which acts as a source of feed for the growing goats.
What type of résumé is most often used by someone who is changing careers or who has gaps in his or her employment history?.
When a person is seeking a career change, or has gaps in their employment history, they should use a functional resume.
What is a functional resume?This is a type that is designed in such a way as to cater for the needs of those who are changing careers.
It is also useful for those use have gaps in their employment history, or are looking to join the workforce.
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A rise in the price of Pepsi that causes a household to shift its purchasing pattern towards Coke and away from Pepsi is the ___________ effect of a price change. Group of answer choices
A rise in the price of Pepsi that causes a household to shift its purchasing pattern towards Coke and away from Pepsi is the substitution effect of a price change.
What is the substitution effect?The substitution effect is a component of the total impact of a price change on the amount of a commodity a customer can purchase.
The substitution effect happens when a good's price rises, resulting in a customer shifting their consumption to a lower-priced alternative. The substitution effect can be described as the impact on the price of a commodity. When the cost of a good increases, the substitution effect happens, causing customers to switch to a less expensive alternative.
As a result, in response to a price increase, consumers substitute a less expensive commodity for a more expensive one. This causes the total amount of commodities consumed to rise.
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Cost of goods purchased is $540,000, ending inventory is $20,000, and cost of goods sold is $560,000. How much is beginning inventory?.
The beginning inventory is $520,000. The beginning inventory can be calculated by using the formula: Beginning inventory = Cost of goods purchased - Ending inventory - Cost of goods sold.
Given that the cost of goods purchased is $540,000, ending inventory is $20,000, and cost of goods sold is $560,000.
Substituting the values in the formula above, we get: Beginning inventory = $540,000 - $20,000 - $560,000
Beginning inventory = $520,000
Therefore, the beginning inventory is $520,000.
The entire dollar amount of stock goods that are available for use or sale at the beginning of an accounting period is known as beginning inventory. Beginning inventory, also known as starting inventory, is the same as ending inventory from the preceding accounting period.
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Everywhere Sports is a retail store supplying sporting equipment to community sports clubs. Information about the store’s operations is as follows:
■ October sales amounted to $400 000.
■ Sales are budgeted at $440 000 for November and $400 000 for December.
■ Receipts are expected to be 60 per cent in the month of sale and 38 per cent in the month following the sale. Two per cent of sales receipts are expected to be uncollectable.
■ Cost of sale is 60% of the sale price. All goods are purchased in the month of sale while payment is made in the month following the purchase.
■ Other monthly expenses paid in cash amount to $45 200.
■ Annual depreciation expense is $32 000.
By understanding these aspects of Everywhere Sports' operations, the company can assess its sales, cash flow, and profitability. These details are important for financial planning, budgeting, and decision-making processes to ensure the store's financial stability and success.
Based on the given information about Everywhere Sports' operations, we can explain the following:
Sales and Receipts:
In October, the sales amounted to $400,000.
For November, the budgeted sales are $440,000, and for December, the budgeted sales are $400,000.
Receipts are expected to be 60% in the month of sale, which means that 60% of the sales revenue is expected to be received in the same month the sales occur.
Additionally, 38% of the sales revenue is expected to be received in the month following the sale.
It is also mentioned that 2% of the sales receipts are expected to be uncollectible.
Cost of Sale:
The cost of sale is stated to be 60% of the sale price. This means that 60% of the sales revenue is attributed to the cost of acquiring the goods sold.
According to the information provided, all goods are purchased in the month of sale while payment is made in the month following the purchase.
Other Monthly Expenses:
There are other monthly expenses paid in cash, which amount to $45,200. These expenses are likely to include various operating costs such as rent, utilities, salaries, and other expenses necessary for the store's operations.
Annual Depreciation Expense:
Everywhere Sports incurs an annual depreciation expense of $32,000. Depreciation represents the allocation of the cost of the store's long-term assets over their useful lives. This expense reflects the wear and tear or obsolescence of the store's assets, such as equipment, fixtures, or buildings, over time.
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Last week Sarah Carver worked 4 overtime hours at time-and-a-half pay. Her
regular pay rate is $8.70 per hour. What was her overtime
pay for the week
Answer:
34.80
Explanation:
8.70 times 4 is 34.80
Answer:
69.60
Explanation:
8.70 x0.5 = 17.4
17.4 is time and a half rate
17.4 x 4 = 69.60
4 is the hours she worked.
Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating maintenance costs. Together, you and Joseph determine that the single best cost driver for maintenance costs is machine hours. These data are from the previous fiscal year for maintenance costs and machine hours:
Month Maintenance Costs Machine Hours
1 $ 2,670 1,760 2 2,830 1,840 3 2,980 1,920 4 3,090 1,940 5 3,170 1,970 6 3,140 1,950 7 3,080 1,930 8 2,920 1,910 9 2,690 1,770 10 2,290 1,170 11 2,300 1,370 12 2,520 1,660 Required:
1. What is the cost equation for maintenance costs using the high-low method?
2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.
The cost equation for maintenance costs using the high-low method is $1,003 + ($1.10 * Machine Hours). The mean absolute percentage error can be calculated by adding up all the percentage errors and dividing by the number of months.
The cost equation and MAPE can be calculated as follows:
1. To find the cost equation for maintenance costs using the high-low method, follow these steps:
Step 1: Identify the highest and lowest activity levels.
- Highest: 1,970 machine hours with $3,170 maintenance costs
- Lowest: 1,170 machine hours with $2,290 maintenance costs
Step 2: Calculate the variable cost per machine hour (VC).
- VC = (Highest cost - Lowest cost) / (Highest machine hours - Lowest machine hours)
- VC = ($3,170 - $2,290) / (1,970 - 1,170)
- VC = $880 / 800
- VC = $1.10 per machine hour
Step 3: Calculate the total fixed costs (FC).
- FC = Total cost - (VC * Machine hours)
- Using the highest activity level data:
- FC = $3,170 - ($1.10 * 1,970)
- FC = $3,170 - $2,167
- FC = $1,003
Step 4: Write the cost equation.
- Cost Equation = Fixed Costs + (Variable Costs * Machine Hours)
- Cost Equation = $1,003 + ($1.10 * Machine Hours)
2. To calculate the mean absolute percentage error (MAPE) for the cost equation, follow these steps:
Step 1: Calculate the estimated costs using the cost equation for each month.
Step 2: Calculate the absolute errors for each month (Actual cost - Estimated cost).
Step 3: Calculate the percentage errors for each month (Absolute error / Actual cost).
Step 4: Add up all the percentage errors and divide by the number of months to get the mean absolute percentage error.
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on+july+1,+2021,+purchased+$18,500+of+ibm+corporation+bonds+at+face+value.+the+bonds+pay+interest+twice+a+year+on+january+1+and+july+1.+the+annual+interest+rate+is+10%.
The individual who purchased $18,500 worth of IBM Corporation bonds at face value will receive semi-annual interest payments of $1,850, totaling $3,700 annually, based on the 10% annual interest rate.
\
On July 1, 2021, the individual purchased $18,500 worth of IBM Corporation bonds at face value. These bonds have an annual interest rate of 10% and pay interest twice a year, on January 1 and July 1.
The annual interest rate of 10% means that for each year, the bondholder will receive an interest payment equal to 10% of the face value. Since the bonds pay interest semi-annually, the bondholder will receive half of the annual interest payment on each interest payment date.
To calculate the interest payment, we can multiply the face value of the bonds by the interest rate:
Interest payment = Face value of bonds × Interest rate
For the IBM Corporation bonds, the interest payment would be:
Interest payment = $18,500 × 10% = $1,850
Since the bonds pay interest twice a year, the bondholder will receive $1,850 on both January 1 and July 1 of each year.
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20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine
Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.
What is the evolution of printing?The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.
It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.
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Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,000 to the partnership. Xavier contributed $300,000 to the partnership. The partners vote on whether or not to purchase a new $100 machine. Violet and William support the purchase. Xavier opposes the purchase. Unless the partnership agreement states otherwise, the partnership will a. not purchase the machine because partnership decisions in management matters always require a unanimous vote b. purchase the machine because the support of one partner is required for the partnership to commit itself to a given action c. not purchase the machine because Xavier's interest in the partnership exceeds the interest of Violet and William combined d. purchase the machine because each partner has one vote in management matters
Answer:
d. purchase the machine because each partner has one vote in management matters
Explanation:
Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree
Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine
hence, the option d is correct
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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A principal asked local nurseries to each donate 8 trees to her school. The plan is
to plant 5 trees in the student garden and the rest near the athletic fields.
Let o represent the number of nurseries that donate trees and t represent the
number of trees that will be planted near the athletic fields.
Complete the table using the function t = 8n - 5.
=
n
1 3
3 19
3
un
7
N
Submit
The answer is to submit 51. The principal of a school requested local nurseries to donate 8 trees each. The plan was to plant 5 trees in the student garden and the rest near the athletic fields.
Let o represent the number of nurseries that donate trees and t represent the number of trees that will be planted near the athletic fields. The function to be used is t = 8n - 5.Here, t represents the number of trees to be planted near the athletic fields, and n represents the number of nurseries that donate trees.
The principal of a school requested local nurseries to donate 8 trees each. The function used is t = 8n - 5. The given values of n are 1, 3, and 7.Using the function t = 8n - 5, the value of t for each given value of n is as follows:
n = 1t = 8n - 5t = 8(1) - 5t = 3n = 3t = 8n - 5t = 8(3) - 5t = 19n = 7t = 8n - 5t = 8(7) - 5t = 51
The complete table is given below:n (number of nurseries) t (number of trees near athletic fields) 1 3 3 19 7 51Therefore, the completed table using the function t = 8n - 5 is shown above. The required values are in the last column for each corresponding value of n. The function is used to find the values of t using the values of n, which are given in the first column. Hence, the answer is to submit 51.
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A doctor's office has 3 types of workers: physician, nurses, and receptionists. On average, a physician sees each patient for 55 minutes, a nurse spends 35 minutes with each patient, and a receptionist spends 5 minutes with each patient. Suppose there is only one receptionist, whose utilization is 0.8 at current level of demand (you can assume that they are able to meet the demand). What is the minimum number of nurses they must have (to meet the demand)?
To meet the current demand at a doctor's office where a physician spends 55 mins, a nurse spends 35 mins, and a receptionist spends 5 mins, the minimum number of nurses required can be calculated.
To determine the minimum number of nurses required, we need to consider the utilization of the receptionist and the total time available for patient visits. Given that the receptionist has a utilization of 0.8 (80%), we can calculate the time available for patient visits as follows:
Total time available = Total time - \(_\)Time spent by the receptionist
= 1 - 0.8
= 0.2
Since the physician spends 55 minutes with each patient, the time spent by the physician is 55 times the number of patients seen. Similarly, the time spent by the nurses is 35 times the number of patients seen. Let's assume the number of patients seen by both the physician and the nurses is "x". The total time spent by the physician and nurses is given by: 55x (physician) + 35x (nurses)
To meet the demand, the total time spent should be equal to or less than the total time available:
55x+35x \(\leq\)0.2
Combining the terms, we get:
90x \(\leq\) 0.2
Dividing both sides by 90, we find:
x \(\leq\) 0.2/90
Therefore, the minimum number of nurses required to meet the demand would be the smallest integer greater than or equal to 0.2/35, which is 1. In conclusion, the doctor's office must have at least one nurse to meet the current demand based on the given time allocations for each worker category.
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Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:
Answer:
WHAT VIDEO
Explanation:
Answer:
uhm there is no video lol send a link and maybe i can help! :)
Explanation:
________ is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.
Supply chain surplus is the difference between the sum of the revenue generated by the supply chain and the sum of the costs that all organizations in the supply chain incur to obtain that revenue.
The supply chain surplus is the difference between the total revenue generated by the supply chain and the total costs incurred by all organizations in the supply chain to generate that revenue. It represents the total value created by the supply chain and is the primary measure of supply chain performance. Supply chain surplus is a critical concept in supply chain management as it provides a clear understanding of the value created by the supply chain. It enables organizations to evaluate the performance of the entire supply chain rather than focusing solely on individual organizations.
It also helps organizations to identify areas where they can improve their performance to enhance the overall value created by the supply chain. To calculate the supply chain surplus, all organizations in the supply chain must collaborate and share information regarding their costs and revenue. This can be a challenging task as many organizations are reluctant to share their financial data. However, the benefits of calculating the supply chain surplus outweigh the challenges.
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Suppose the firm achieves productive efficiency. the resulting price–quantity combination would be illustrated by:____.
Suppose the firm achieves productive efficiency. the resulting price–quantity combination would be illustrated by: equilibrium point on the supply and demand curves.
When a firm achieves productive efficiency, it means that it is producing goods or services at the lowest possible cost. The resulting price-quantity combination would typically be illustrated by a point on the firm's supply curve.
In terms of the graphical representation, the point of productive efficiency would be where the firm's supply curve intersects with the demand curve, representing the equilibrium price and quantity where the firm is operating efficiently and meeting consumer demand.
Therefore, the price-quantity combination illustrating productive efficiency would be represented by the equilibrium point on the supply and demand curves.
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You will write a draft of introductory email or communication to request a job shadowing experience or interview with a member of the community who works in a helping profession. The first paragraph should define the request for the job shadow experience/interview, including dates, times, and expectations of the job shadow experience. In the second paragraph, describe yourself including your career and personal goals and alignment to the job shadow experience, e.g., what you hope to learn. The third paragraph should close the request
Answer:
https://prehealth.wisc.edu/wp-content/uploads/2016/06/Sample-Shadowing-Request-E-mail.pdf
Explanation:
i made this link for you, its an essay
a marketing philosophy summarised by the phrase "a stronger focus on social and ethical concerns in marketing" is characteristic of what period?
The marketing philosophy characterized by a stronger focus on social and ethical concerns in marketing is characteristic of the societal marketing period. During this period, businesses recognized the importance of considering the impact of their marketing activities on society and adopted a more socially responsible approach.
The societal marketing period emerged as a response to growing concerns about the social and ethical implications of marketing practices. It reflects a shift in marketing philosophy from a purely profit-oriented approach to one that incorporates broader social and ethical considerations. During this period, businesses began to recognize the significance of addressing societal needs and concerns, such as environmental sustainability, consumer welfare, and ethical practices.
They acknowledged that marketing activities should not only aim to fulfill customer needs and generate profits but also align with societal values and contribute positively to the overall well-being of society. In practice, societal marketing involves taking into account the long-term impact of marketing decisions on consumers, communities, and the environment.
It emphasizes the importance of responsible advertising, fair pricing, product safety, and ethical sourcing. Companies adopting a societal marketing approach actively engage in activities that benefit society, such as supporting charitable causes, promoting sustainability, and addressing social issues.
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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answer: Fresh ingredients
Explanation:
Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answer:
bias
Explanation:
bias is the true anwer
Hasty Manufacturing orders 86,000 annually. They order 6 times a year. They hold 6,468 units in safety stock. The minimum number of units Hasty Manufacturing holds throughout the year is:__________
Answer:
6,468 units
Explanation:
Based on the information given we were told that the Manufacturing company orders 86,000 per year which they order 6 times a year which means that if the manufacturing company HOLD 6,468 units in safety stock. The MINIMUM number of units the Manufacturing company will HOLDS throughout the year is:6,468 units which was HOLD in Safety stock.
In traditional economies, government controls all manufacturing.
Answer:
true
Explanation:
what are the typical owners’ concerns in construction projects? cee 320 midterm
Typical concerns of builders in construction projects are: Lack of clear goals, budget constraints, poor communication, excessive demands, time management, limited skills, lack of structure, and poor risk management.
A construction project is a complex web of construction contracts and other legal obligations that must be carefully considered by all parties. A contract is an exchange of obligations between two or more parties and provides a structure for managing matters.
For example, construction delays can be costly, so construction contracts have clear expectations and clear ways to deal with delays.
At the start of a project, legal advisors identify ambiguities in contract structures and other potential sources of confusion and try to show how to avoid problems. The project works to avoid and resolve any conflicts that arise. In any case, the lawyer allows an exchange of duties corresponding to the realities of the project.
The architect, engineer, or client acts as her coordinator for the client's project. Design works, write specifications, design deliverables (models, drawings, etc.), manage contracts, tender works, and manage works from start to finish.
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A nurse, police office, and teacher would all have _____ interests. a. scientific b. social c. office operations d. craft Please select the best answer from the choices provided A B C D
Answer:
B
Explanation:
They all have to talk to their fellow co-workers. Therefore B is the best answer
Answer:
B) social
Explanation:
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