If the minimum wage law sets a price floor above the equilibrium wage in the market for unskilled labor, then the result will be an excess supply of labor (unemployment) and a decrease in the quantity of labor demanded by employers.
This is because employers are now required to pay their employees at least the minimum wage, which is higher than what the market equilibrium would have dictated.
For example, let's say that the equilibrium wage in the market for unskilled labor is $8 per hour, but the government sets the minimum wage at $10 per hour.
This means that any employer who wants to hire unskilled workers must pay them at least $10 per hour, even if their productivity is only worth $8 per hour.
As a result, some employers may choose to reduce the number of workers they hire or even lay off some employees to compensate for the higher wage costs.
This will lead to an excess supply of labor (unemployment) as there are more workers willing to work at a higher wage rate than there are job openings available.
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Which three sources supply the majority of commercial energy in the world today?.
Answer:
Coal, oil, and natural gas
Explanation:
state family insurance uses independent agents across the country to sell policies to consumers. what kind of stakeholder do the independent agents best represent?
People who could be impacted by or have an impact on an endeavor are known as stakeholders The general public and bargain-hunting consumers would be the NGOs' external stakeholders.
In how many ways the stakeholder's can be classified?The primary stakeholders are the individuals or groups that a certain agency, institution, or organization's efforts or actions have the potential to directly touch, either favorably or unfavorably. There may be major players on both sides of the debate in some situations; a rule that favors one group may have a detrimental impact on another. For instance, a rent control policy has advantages. Landlords, but could harm tenants. Secondary stakeholders are individuals or groups who are indirectly impacted by an effort or the deeds of an institution, agency, or organization, either favorably or unfavorably. For instance, a programmed to lessen domestic violence might benefit emergency room staff by lowering the number of instances they encounter. To help them respond to domestic violence calls differently, police may need more training. These two groups would both be auxiliary stakeholders. Key stakeholders are individuals who can have a good or bad impact on an endeavor or who are significant inside or to an organization, agency, or institution engaging in an effort. They may belong to either or neither of the preceding two groups.
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Question 17 of 20
What is revision?
Answer:
Hope This Helps <3
Explanation:
Revision Means alteration and fixing things out of order making sure its understnadble and perfect with no spelling or grammar mistakes revision is also known as revising
Several years have passed, and you have been asked to review the current tracking and projection model to determine if it is still appropriate for the pension plan. For the most part, the model has generally been reliable. However, there have been some issues related to the alignment of the initial assumptions setting with the emerging experience. Additionally, some other items were brought to your attention:
• The timing of the data feed related to the future asset return and discount rate assumptions from the third-party vendor has proven to be unreliable at times. The CFO has commented as such when monthly reports were delayed as a result.
o Also due to technical issues, the feed that was intended to be automatic has at times needed to be imported manually, which has consumed significant resources.
• Intramonth benchmarking has generally been reliable, however, there were several instances when experience deviated from benchmarks and significant true-ups were required.
• Forecasted contributions have generally created an accurate picture of future expectations on a deterministic basis. However, the CFO has asked if stochastic projections are possible, to be able to visualize a funnel of doubt based on 1000 different scenarios.
• Potential issues with the tracker given that liability cash flows are only updated annually.
In light of these observations, your manager has asked you to produce two internal documents for your findings:
1. In the first document, your manager would like a detailed analysis of the challenges surrounding the model, including the appropriateness of the assumptions. In an informal response, recommend ways that these can be tested and be sure to address the following:
• General recommendations for improvements based on the experience listed above and consider any other potential feedback that could be solicited from others, both internal and external.
• Model revisions necessary to implement recommendations.
2. In the second document, your manager would like a maintenance document that can be used as a guide going forward. Outline potential procedures in a formal document and be sure to include the following:
• Data and systems required to monitor future experience.
• Processes to implement future revisions to the model.
QW
The first document should include a detailed analysis of challenges, recommendations for improvements, and necessary model revisions.
What are the key items to include in the first document for reviewing the tracking and projection model for the pension plan?The first document should provide a detailed analysis of the challenges associated with the current tracking and projection model for the pension plan.
It should address the issues related to the alignment of initial assumptions with emerging experience, the unreliable timing of data feeds, the need for manual import due to technical issues, deviations from benchmarks, and the request for stochastic projections.
Recommendations for improvements should be based on the experiences mentioned, and feedback should be sought from internal and external stakeholders.
The document should also outline the necessary revisions to the model to implement the recommendations.
The second document should serve as a maintenance guide for future use. It should outline the data and systems required to monitor future experience, ensuring that the timing and reliability of data feeds are addressed.
The document should also describe the processes and procedures for implementing future revisions to the model, considering the potential issues with liability cash flow updates and providing guidelines for ongoing maintenance and management.
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This is a case study adopted from the book of Crispina R. Corpuz. "Reyes Department Store" Based on the review of the store, Nicole, the general manager concluded that one of the first things she has to attend involves developing the job description of her store supervisor. During her first few weeks on the job, Nicole found herself asking one of her supervisors, Jet, why was he violating what she knew to be part of the company policies and procedures. Jet’s only response was that he was not aware of that policy and was not aware it was part of his job. Nicole knew that a job description, along with a set of standards and procedures that specify what was to be done and how to do it, will go a long way toward alleviating the problem. Discuss the process that Nicole should follow to solve this problem.
In order to Nicole to solve this problem, she must reevaluate the job description and company policies and procedures, and then include certain specifications that will make employees more aware of their roles within the company.
Nicole is the general manager of the Reyes Department Store, so she acted correctly when she noticed inconsistent conduct by one of her supervisors and identified the problem.
She then realized that she should carry out a job description along with standards and procedures that specify what should be done and how to do it.
A job description is a document that specifies the responsibilities and activities of each organizational role.
Its objective is to adapt professionals to their work position according to their profile and optimize people management, creating greater standardization of processes and agility in decisions.
Therefore, job descriptions must always be monitored and revised so that new needs are included and so that employees can carry out their role effectively.
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use the following data from mayonnaise manufacturing co. to identify the revenues from sales of finished goods for the year.
The traditional way to make mayonnaise manufacturing a whisk, steel bowl, strong hands, and patience! rather, to put together homemade mayonnaise, I propose using a mixer.
In mayonnaise production, egg yolk is used as an emulsifier at a degree generally between four% and eight%. Water makes up the non-stop section of the method at five-15% with diverse different additives for taste along with salt, sugar, spices, and vinegar or an alternative fit for human consumption acid (i.e. lemon or lime juice).
Whilst a few culinary historians take a look at that a mayonnaise-like combination of olive oil and egg turned into fed on by way of ancient Egyptians and Romans, the mayonnaise that we know today—an emulsion of oil, egg and lemon juice and/or vinegar, plus seasonings—was advanced with the aid of one of the exquisite chefs of France.
In Japan, mayonnaise is made with simplest the yolks, in preference to American mayonnaise which normally makes use of the whole egg. The egg yolks are what gives Kewpie mayonnaise its deeper yellow shade and its fuller, almost custard-like texture. further to superior eggs, Kewpie additionally makes use of a different vinegar in its recipe.
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___________ are broad, long-term accomplishments an organization wants to achieve.
Answer:
Goals
Explanation:
Goals are broad, long-term accomplishments an organization wants to achieve.
What type of spacing should you use for a cover letter?
A. Single spacing
B. Double spacing
C. Triple spacing
D. Half spacing
Answer:
single spacing
Explanation:
Answer: A
Single Spacing
Explanation:
The current equilibrium price and quantity in the market for walnuts are $5 per pound with 10,000 pounds supplied. Supermarkets are expecting to see price fall to $4 per pound due to an unusually large crop of walnuts. If the price elasticity of demand is 1.8, what is the new quantity demand for walnuts?
To calculate the new quantity demanded for walnuts, we can use the price elasticity of demand formula:
Elasticity = (% Change in Quantity Demanded) / (% Change in Price)
We are given the following information:
Current price (P1) = $5 per pound
New price (P2) = $4 per pound
Current quantity demanded (Q1) = 10,000 pounds
Price elasticity of demand (E) = 1.8
First, we need to calculate the percentage change in price and quantity demanded:
% Change in Price = (P2 - P1) / P1 = ($4 - $5) / $5 = -0.2 or -20%
% Change in Quantity Demanded = E * % Change in Price = 1.8 * (-20%) = -36%
Next, we calculate the new quantity demanded:
Q2 = Q1 * (1 + % Change in Quantity Demanded)
= 10,000 * (1 - 0.36)
= 10,000 * 0.64
= 6,400 pounds
Therefore, the new quantity demanded for walnuts at the price of $4 per pound is 6,400 pounds.
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BUS/ECON - What is the legal term for the procedure through which a document is determined to be a valid will? The term is also used for the court that makes this determination?
The legal term for the procedure through which a document is determined to be a valid will is "probate." Probate is also used to refer to the court that makes this determination.
The probate process begins when a person passes away, and their will is submitted to the court for validation. During this procedure, the court examines the document to ensure that it meets all the legal requirements for a will, such as being written, signed, and witnessed.
Once the will is deemed valid, the court then oversees the administration of the deceased person's estate.
The primary purpose of probate is to ensure that the decedent's assets are distributed according to their wishes, as expressed in the will. This process typically involves appointing an executor or personal representative to manage the estate, paying any debts and taxes owed by the deceased, and distributing the remaining assets to the beneficiaries named in the will.
Probation can be a lengthy and costly process, which is why some individuals choose to establish trust or take other steps to avoid it. However, even in cases where probate is necessary, the court's role is essential in ensuring that the deceased's final wishes are honored and that their assets are distributed fairly and according to the law.
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what aspect of the control environment is affected by the company's decision to hire temporary workers?
The commitment to competence aspect of the control environment is affected by the company's decision to hire temporary workers.
What is a temporary employee?Temporary employees may be employed by you directly or via a staffing firm. They are employed at will or pursuant to a contract and receive hourly pay or, in some circumstances, a salary. Part-time, full-time, and seasonal temporary workers are all possible. For your business, temporary employees often put in less than 1,000 hours or one year.
Costs associated with employing permanent staff can be avoided by the business. The temporary company may have already trained them. They might provide the business with a fresh, outside perspective. As a temporary employee, you have the chance to assess several businesses across various industries to determine which one best fits your working preferences and long-term professional objectives.
Temp work provides flexibility. You can pick up new abilities. Your employment gaps may be filled with temporary labor. Permanent work may follow temporary employment.
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As a general rule, as the level of task interdependence ______, the need to organize people into teams ______.
As a general rule, as the level of task interdependence increases, the need to organize people into teams also increases.
This is because tasks that are highly interdependent require close collaboration and coordination between team members in order to be completed successfully.
By working in a team, individuals can pool their skills and resources, share information, and support each other as they work towards a common goal. This helps to ensure that tasks are completed efficiently and effectively, and that the overall project or initiative is successful.
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American Airlines advertises throughout the year, but significantly increases its advertising during certain low-demand periods, thus implementing a ________ advertising schedule.
Multiple Choice
a. continuous
b. pulsing
c. flightingIncorrect
d. status quo
e. seasonal
The correct answer is b. pulsing.
American Airlines implements a pulsing advertising schedule, where it advertises throughout the year but significantly increases its advertising during certain low-demand periods. Pulsing advertising involves alternating periods of heavier advertising with lighter advertising or no advertising at all. In this case, American Airlines strategically increases its advertising efforts during low-demand periods to stimulate customer interest, boost sales, and fill up flights during those times.
Continuous advertising (a) refers to a consistent and uninterrupted advertising presence throughout the year without significant variations. Flighting (c) involves alternating periods of intense advertising followed by periods of no advertising. The status quo (d) implies maintaining the current advertising schedule without significant changes. Seasonal (e) advertising is focused on specific seasons or times of the year when demand is high or relevant.
Therefore, the most appropriate description of American Airlines' advertising schedule is b. pulsing.
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Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $10,920. All sales are subject to a 4% sales tax.
Answer:
$420
Explanation:
Missing question "Compute sales taxes payable"
Sales excluding sales tax = $10,920/(1+0.04)
Sales excluding sales tax = $10,920/1.04
Sales excluding sales tax = $10,500
Sales tax payable = Total sales including sales tax - Sales excluding sales tax
Sales tax payable = $10,920 - $10,500
Sales tax payable = $420
How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
do not understand what you are saying
The address of the company's office is called what?
Answer:
PO Office Box
Explanation:
A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated.
are these the right key words for the definitions?
Answer:
yes because the definition match the words given
(d) Explain how the sampling methods four non-probability sampling methods:
Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling
may be used in business administration.
You are expected to make use of short real-life examples to support your answer with appropriate referencing.
Non-probability sampling techniques are essential for data collection when population-based selection is not possible. Four of these techniques, include Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling
Sampling is a critical tool that is widely used in business administration. Non-probability sampling techniques, on the other hand, are essential for data collection when population-based selection is not possible. Four of these techniques, including Quota Sampling, Judgmental Sampling, Snowball Sampling, and Convenience Sampling, are discussed below.
Quota Sampling: Quota sampling is a non-probability sampling technique that is widely used in market research. This method requires the population to be divided into segments or strata based on different demographic criteria, such as age, sex, and race. In this technique, the researcher defines the sample size for each stratum. For instance, if we want to survey customers for a product, we can divide them into segments like age, gender, and income and take an equal number of samples from each group. It helps to ensure that the sample is representative of the population.
Judgmental Sampling: Judgmental sampling is a non-probability sampling technique that is used when the researcher has a wealth of knowledge about the study population. The researcher uses his or her judgment to identify specific individuals or groups that are likely to have the necessary information. For example, if we want to study the work habits of employees in a company, we can use the supervisor's judgment to select employees who are most likely to provide accurate and relevant information.
Snowball Sampling: Snowball sampling is a non-probability sampling technique used in situations where the population is difficult to reach or identify. It is usually used for research on hard-to-reach populations such as drug users, prostitutes, and undocumented immigrants. In snowball sampling, the researcher starts with one participant and then asks that person to identify other participants who can also participate in the study. It helps to expand the sample size and can often yield a more representative sample.
Convenience Sampling: Convenience sampling is a non-probability sampling technique that is often used in research when the researcher selects participants based on convenience or proximity. It is used when the population is readily available and easy to access. For example, if we want to study the shopping habits of a particular group, we can go to a shopping mall and survey the first 100 people who pass by. It is a quick and easy way to gather data that can provide insights into the research question.
Non-profitability in Sampling Methods: Most of the non-probability sampling methods are less reliable than probability sampling methods. Non-probability sampling methods have a high risk of bias. For example, in quota sampling, the researcher can over-represent a particular group if he or she has some bias. Similarly, in judgmental sampling, the researcher can choose the sample that confirms his or her hypothesis. Therefore, researchers should use non-probability sampling methods with caution and understand their limitations while conducting the research.
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How can creative ideas become business opportunities?
Business ideas are something that you must test before they become your business opportunities and before you start transforming them into the real business.
For you, the business ideas are something that you believe will work as a profitable business. When you include the customers needs into the specific idea it will become a possible business opportunity ready for the future startup. Here, I want to talk about a technique from statistics to test business ideas using the null hypothesis.
For example, you have a business idea that can be presented as a statement that statisticians will call it a hypothesis. The hypothesis in the simplest words are ideas that need to be tested for approval.
If we want to use statistical language in this process, we can tell that your business idea is a null hypothesis, and now we want to test it with another hypothesis that are opposite to the null hypothesis. The opposite hypothesis for your null hypothesis will be that the business idea will not succeed, or it will fail.
It is important to think about all possibilities in the process of initial development or process of testing the initial business idea. One of them is that the idea will not succeed in the target market.
Answer:
creative ideas can become business opportunities by simply you going through with your idea. say you have an idea for a... bed that will improve sleep. all you need to do is go though with it. design it build it, whatever just do it.
Explanation:
Unlike in the case of goal-setting theory, MBO strongly advocates _____.
A) self-generated feedback
B) explicit time periods
C) jointly set goals
D) independent tasks
E) specific performance objectives
(C)Unlike in the case of goal-setting theory,MBO strongly advocates jointly established goals.
MBO is an effective method because it allows subordinates to set goals together with managers and supervisors.It is a management method used to improve performance.Performance is determined by objectives that include organizational goals as well as employee goals. MBO advocates for specific,measurable goals and feedback.However, there is only one implication that the goals are perceived as achievable.The focus is most effective when the individual has to work hard to achieve the set goals. MBO can be a participatory process.Goal setting theory strongly advocates participation in decision making,while MBO shows that goals assigned by managers are often just as effective.Management by objectives (MBO) is a process in which a manager and an employee agree on specific performance goals and then develop a plan to achieve them. It is designed to align goals across the organization and drive employee engagement and engagement.
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What is added to the price of goods and services at the time of purchase?
Answer:
VAT
Value Added Tax
______________'_''
Data Flex Inc. has a debt-equity ratio of 35 percent. The required rate of return on the company’s unlevered equity is 13.1 percent and the pretax cost of debt is 6.4 percent. Sales revenue for the company is expected to remain stable indefinitely at last year’s level of $19.3 million. Variable costs amount to 60 percent of revenues. The tax rate is 21 percent and Data Flex distributes all its end-of-year earnings as dividends.
A. If Data Flex were financed entirely by equity, determine the value of the company as an unlevered firm.
B. Determine the required return on Data Flex’s levered equity.
C. Use the weighted average cost of capital method to calculate the value of the firm and then based of this value determine the value of a) the company’s equity and b) the company’s debt.
D. Use the flow to equity method to calculate the value of the firm’s equity.
A. To determine the value of Data Flex Inc. as an unlevered firm, we can use the formula for the value of an unlevered firm, which is equal to the unlevered cost of equity divided by the required rate of return on unlevered equity.
The debt-equity ratio is 35 percent, so the equity portion is 65 percent. Therefore, the value of the unlevered firm can be calculated as follows:
Value of Unlevered Firm = Equity Portion / Required Rate of Return on Unlevered Equity
Value of Unlevered Firm = (0.65) / 0.131
Value of Unlevered Firm = $4.961 million
B. The required return on Data Flex's levered equity can be determined using the formula for the cost of equity, taking into account the debt-equity ratio and the pretax cost of debt. The levered equity is the portion of the equity that is financed by equity holders, and the required return on levered equity reflects the risk associated with that portion. The required return on levered equity can be calculated as follows:
Required Return on Levered Equity = Required Return on Unlevered Equity + (Debt-Equity Ratio * (Required Return on Unlevered Equity - Pretax Cost of Debt))
Required Return on Levered Equity = 0.131 + (0.35 * (0.131 - 0.064))
Required Return on Levered Equity = 0.131 + (0.35 * 0.067)
Required Return on Levered Equity = 0.131 + 0.02345
Required Return on Levered Equity = 0.15445 or 15.445%
C. To calculate the value of the firm using the weighted average cost of capital (WACC) method, we need to determine the cost of equity and the cost of debt, and then calculate the weighted average based on the debt-equity ratio. The value of the firm can be calculated as follows:
Cost of Equity = Required Return on Levered Equity = 0.15445 or 15.445%
Cost of Debt = Pretax Cost of Debt = 0.064 or 6.4%
WACC = (Debt Proportion * Cost of Debt) + (Equity Proportion * Cost of Equity)
WACC = (0.35 * 0.064) + (0.65 * 0.15445)
WACC = 0.0224 + 0.1002
WACC = 0.1226 or 12.26%
Once we have the WACC, we can use the WACC to calculate the value of the firm:
Value of Firm = Earnings before Interest and Taxes (EBIT) / WACC
Value of Firm = ($19.3 million * (1 - 0.6)) / 0.1226
Value of Firm = ($19.3 million * 0.4) / 0.1226
Value of Firm = $12.523 million
To determine the value of the company's equity, we can subtract the value of debt from the value of the firm:
Value of Equity = Value of Firm - Value of Debt
Value of Equity = $12.523 million - (Debt Proportion * Value of Firm)
Value of Equity = $12.523 million - (0.35 * $12.523 million)
Value of Equity = $12.523 million - $4.383 million
Value of Equity = $8.14 million
The value of the company's debt can be calculated as:
Value of Debt = Debt Proportion * Value of Firm
Value of Debt = 0.35 * $
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A large personal care products company adopts a(n) ________ approach to gain a competitive edge in light of intense foreign competition and increasingly demanding customers. The company believes that uniform commitment to quality in all areas of its organization will promote a culture that meets customers' perceptions of quality.
Answer:
"Total quality management " is the correct answer.
Explanation:
TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives. This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.Sid Brutality is the lead guitarist and singer for a popular and successful rock group known as Bad Aftertaste. Bad Aftertaste practices twice a month at Sid’s home. Sid’s neighbor, Kate, is trying to sell her home. Does Kate need to provide written disclosure that Bad Aftertaste practices nearby?
Considering the situation described above, Yes, Kate needs to provide written disclosure that Bad Aftertaste practices nearby.
What is Written Disclosure?A Written Disclosure is a written agreement that is made to state the nature of the condition of items that forms the major part of the contract.
Given that Bad Aftertaste practices are nearby and the noise or sound of the band may affect the new neighbor or occupant of the building, it is expected that the potential buyer is aware of the nature of the building.
Written disclosure should be made and delivered to the buyer before acceptance is made. it must be dated and signed.
Hence, in this case, it is concluded that the correct answer is Yes; Kate needs to provide written disclosure that Bad Aftertaste practices nearby.
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Identify the claim. ""The cost of poor health among uninsured people was almost $125 billion in 2004. "" ""The financial burden of uninsurance is also high for uninsured individuals. "" ""Uninsured people are less likely to receive care and more likely to have poor health status. "".
The condition of uninsured people in the United States is very well written in the paragraph where it highlights the fact that uninsured people are less likely to receive care and more likely to have poor health status.
What do you mean by medically uninsured?
In the US, more or less than 50 million do not have health insurance, and an additional 10-20% of people do not have insurance.
Uninsured are not eligible for Medicaid, which is the safety net for most Americans, because they do not qualify for country-based benefits, dependent assistance families, or do not meet other financial or class conditions.
The financial burden of medical care is high on uninsured individuals. It is told that most of them disappear as they do not have enough money to cover the high medical expenses.
Thus, we can say that uninsured people are less likely to receive care and more likely to have poor health status due to lack of finance.
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Answer:
“Uninsured people are less likely to receive care and more likely to have poor health status.”
Explanation:
next one is "Uninsurance is a financial burden."
Mel's Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegetarian dishes (menu items that no other restaurant in the area offers). Mel's Diner is engaging in strategic positioning by offering the unique menu items of vegan and vegetarian dishes.
i. True
ii. False
Answer:
true
Explanation:
5. Start with the assumptions in problem 4. But now assume that the additional volume does not enable enough economies-of-scale to reduce the average cost per case as much as originally anticipated. Assume now that the average cost per case drops only to $95. What is the new required price?
The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The new required price can be calculated by using the formula for average cost, which is total cost divided by quantity.
In this case, the average cost is $95, so we can rearrange the formula to find the required price. The formula would be:
Required price = Total cost / QuantityWe can plug in the values for total cost and quantity to find the required price. The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The quantity is 4000 cases. So the formula would be:
Required price = $380,000 / 4000The required price would be $95 per case. This means that the company would need to charge $95 per case in order to break even with the new average cost of $95.
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social commerce is a type of e-commerce that is influenced primarily by radio and television advertising. question 43 options: true false
false A subset of online shopping known as "social commerce" is heavily impacted by radio and television advertising.
What distinguishes social commerce from e-commerce?While ecommerce refers to the buying and selling of goods, products, or services over the internet, social commerce is a subset of electronic commerce that involves social media and online media that supports social interaction. This is the difference between Ecommerce and Social commerce.
How has social media influenced e-commerce?The role of social media in e-commerce Social media plays a strategic role in driving online sales. For example, if brands or products go viral online, they can see a spike in sales, increased brand awareness and more direct interactions with consumers through promotions and targeted ads.
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On a school field trip, the number of students, y, is always proportional to the number of adults, x. The line representing this relationship passes through the point (8,96). What is the unit rate, and what does it represent for this situation?
The unit rate means that there are 12 students for each adult.
A linear equation is in the form:
y = mx + b
where y, x are variables, m is the rate of change and b is the initial value of y.
Let y represent the number of students and x represent the number of adults. Since y is proportional to x, hence:
y = mx
The line passes through the point (8,96):
96 = 8m
m = 12
The unit rate means that there are 12 students for each adult.
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