In the late 1920s, you could buy $10,000 worth of stock by putting down as little as: $1000.
What is meant by a stock in finance?The term stock can also be referred to as what is called equity. This is the term that is sued to refer to the security that people would have from a particular issuing corporation. The purpose of the stock is to be able to give the owner a proportion of the assets of the particular company.
Hence we can say that In the late 1920s, you could buy $10,000 worth of stock by putting down as little as: $1000.
Read more about stock here: https://brainly.com/question/1193187
#SPJ1
logistics is a term indicating transportation choices for goods produced internationally but consumed domestically. t/f
False. Logistics refers to the overall process of planning, implementing, and controlling the efficient and effective flow of goods, services, and information from the point of origin to the point of consumption.
It encompasses various activities, including transportation, warehousing, inventory management, packaging, and distribution. While transportation choices are indeed a part of logistics, the term itself is not limited to goods produced internationally but consumed domestically. Logistics applies to both domestic and international supply chains, involving the movement of goods within a country or across borders. It includes managing the transportation, storage, and handling of goods regardless of their origin or destination. Therefore, the statement that logistics is a term indicating transportation choices for goods produced internationally but consumed domestically is false.
learn more about flow of goods here:
https://brainly.com/question/32234217
#SPJ11
The foundation of a marketing plan.
Answer:
Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast. To develop an effective plan based on your customers' needs and nature.
What will be the end result for the taxpayer who filed his federal income tax return.
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
To know more about federal visit:
brainly.com/question/8305583
#SPJ4
Analyse the importance of location for TADS. (6 marks)
The correct structure and function of TAD requires CTCF protein binding at both boundaries, which appears to block the active and dynamic mechanism of 'cohesin-mediated loop extrusion'.
The three-dimensional (3D) organization of the mammalian genome is a combination of structures at various length scales. Within this organization, topology-associated domains (TADs) are visible in the sub-megabase-scale Hi-C heatmap.
TAD integrity is critical for correct gene expression, but is context-dependent and accomplished in a variety of ways. The correct structure and function of TAD requires binding of CTCF proteins at both boundaries, which appears to block the active and dynamic mechanism of 'cohesin-mediated loop extrusion'. appears as the so-called 'loop domain' in the Hi-C data, which is the focus of this review.
Here, we present a reanalysis of TADs from three 'golden standard' mammalian Hi-C datasets. Despite the prominent presence of TADs in the Hi-C heatmaps of all studies, we consistently find that regions within these domains are only moderately isolated from their surroundings.
Furthermore, single-cell Hi-C and high-resolution microscopy have shown that the structure of TADs and the location of their borders can vary from cell to cell. Therefore, the function of TADs as units of gene regulation may require additional considerations, possibly including the mechanism of loop extrusion. Recent developments in single-cell and multi-contact genomics and high-resolution microscopy assays help link the formation and structure of TADs to their function in transcriptional regulation.
To learn more about Topologically Associating Domains, here:
https://brainly.com/question/30835628
#SPJ4
Can you really answer the question of whether an opportunity is real before developing a product concept?
Answer:
Yes
Explanation:
For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.
In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.
Which of the following is not a primary source of financing for entrepreneurial start-ups?
A. investments by family and friends
B. personal savings
C. private investors
D. public equity
D. public equity is not a primary source of financing for entrepreneurial start-ups.
Public equity refers to a company issuing and selling its shares to the public through a stock exchange. Start-ups are typically too small and risky to be publicly traded, so public equity is not a practical source of financing for them. Instead, start-ups often rely on personal savings, investments by family and friends, and private investors such as angel investors and venture capitalists to finance their early growth.
Learn more about Public equity here:
https://brainly.com/question/14618205
#SPJ11
PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?
Explanation:
Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.
Some hotels ask their guests to rate the hotel's services as excellent, very good, good, and poor. This is an example of the
The rating of the hotel's service is an example of ordinal scale.
What is ordinal scale?Ordinal scale is a term used in statistics. It refers to a measurement scale that allocates values to variables based on their relative ranking with respect to one another.
Ordinal scale displays from highest to lowest by different measurement points and also have equal units.
Hence, the above is an example of ordinal scale because it make use of values to variables in relation to their ranking.
Learn more about ordinal scale here: https://brainly.com/question/13267344
If the transfer has no effect on fixed cost, the transfer price from the selling division's standard must be equal to or greater than the (variable cost per unit + _______) ÷ number of units transferred.
Answer:
Opportunity Cost
Explanation:
The minimum transfer price is a price that is acceptable to the transferring or selling division and out of a range of acceptable prices, it is the one that will be the best for the company.
Minimum transfer price = Variable Costs per unit + Opportunity Cost per unit - Internal Savings per unit.
Hugo was completing his end-of-day balance sheet for his music store. He wanted to make sure his projections were correct and confirm the business was on track financially. What is one entry he would make on his balance sheet?
A. Gross profit
B. Cost of goods sold
C. Accounts receivable
D. Net profit before taxes
As Hugo wanted to make sure his projections were correct and confirm the business was on track financially, an entry which he can make on his balance sheet is an Accounts receivable. The Option C is correct.
What is an account receivable?In accounting, an accounts receivable refers to an asset account on the balance sheet that represents money due to a company in the short term. They are created when a company lets a buyer purchase their goods or services on credit and it is similar to accounts payable but instead of money to be received, they are money owed.
An account receivable are always recorded as a debit in the assets section of a balance sheet. It is a short-term asset because normally it's going to be realized within a year.
Read more about account receivable
brainly.com/question/24848903
#SPJ1
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
Learn more about Pricing:
https://brainly.com/question/14595156
#SPJ1
Your client Joseph has a commercial income-producing property. How long does he depreciate this property?
The length of time that Joseph can depreciate his commercial income-producing property depends on the type of property and the method of depreciation he chooses to use.
What is depreciation?Depreciation is an accounting method used to allocate the cost of an asset over its useful life. It is a reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors.
Generally, commercial income-producing properties are depreciated over a period of 27.5 years using the straight-line depreciation method for residential rental properties or 39 years using the same method for commercial properties. However, Joseph may be able to accelerate the depreciation of certain components of the property, such as equipment or improvements, through bonus depreciation or Section 179 expensing. The specific rules and limitations for these methods can vary depending on the type of property and the tax year in which it is placed in service.
Therefore, the length of time that Joseph can depreciate his commercial income-producing property depends on the type of property and the method of depreciation he chooses to use.
Learn more about depreciation, here:
https://brainly.com/question/13957090
#SPJ2
How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
Hope that this gives some insight on the topic :)
please help and thanks :)
The company increases its capital without going into debt is the advantage of offering the sales of shares in a company.
What are shares?
A share, which can also apply to shares of mutual funds, limited partnerships, and real estate investment trusts, is a unit of equity ownership in the capital stock of a corporation in the financial markets. The term "share capital" describes all of an organization's assets. A shareholder of a corporation is someone who owns shares in the organization. A share represents the ownership relationship between the business and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market worth of those shares, is its denominated value.
Know more about shares - brainly.com/question/28539863
#SPJ1
which set of nails should i get??
Answer:3
Explanation:
Match the steps that marketing management performs to the scenarios that describe the steps
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
Learn more here: https://brainly.com/question/22555057
Explain the differences between a partnership and a corporation
including preferred stock in the wacc adds the term:
Including preferred stock in the Weighted Average Cost of Capital (WACC) adds the term **Rp (Kp * (1 - Tax Rate))**.
The WACC is a financial metric used to determine the average cost of financing a company's operations, taking into account the proportionate weights of each source of capital. It is calculated by assigning weights to the cost of equity, cost of debt, and other components of the company's capital structure.
Preferred stock is a type of capital that represents a hybrid between equity and debt. It is typically treated as part of the company's overall capital structure when calculating the WACC. However, unlike common equity, preferred stock pays fixed dividends to shareholders and has a senior claim on the company's assets.
To include preferred stock in the WACC calculation, the cost of preferred stock (Kp) is multiplied by (1 - Tax Rate) to account for the fact that dividends on preferred stock are usually not tax-deductible. The resulting term, Rp (Kp * (1 - Tax Rate)), represents the cost of preferred stock after adjusting for taxes.
By incorporating the cost of preferred stock in the WACC, the calculation takes into consideration the specific characteristics and financing costs associated with this type of capital, providing a more comprehensive measure of the company's overall cost of capital.
To learn more about stock
https://brainly.com/question/26128641
#SPJ11
which of the following statements is true? responses the concept of assigning weights to the possible states of nature is only a way of describing the mental process analysts go through to determine the expected return. the concept of assigning weights to the possible states of nature is only a way of describing the mental process analysts go through to determine the expected return. investment analysts do not need to be skilled at predicting the future to properly assign expected returns. investment analysts do not need to be skilled at predicting the future to properly assign expected returns. investment analysts spend most of their time building tables that reflect all the possible states of nature and assigning probabilities to each. investment analysts spend most of their time building tables that reflect all the possible states of nature and assigning probabilities to each. there are usually only 5 or 6 meaningful states of nature.
The given statement is true ( because the concept of assigning weights to the possible states of nature is only a way of describing the mental process analysts go through to determine the expected return).
The expected return is a forward-looking estimation of the yield on investment. It is the anticipated or expected value of the investment in the future. It is based on historical data and assumes a steady rate of return in the future.
The concept of assigning weights to the possible states of nature is only a way of describing the mental process analysts go through to determine the expected return.
It refers to the way the analyst identifies the various potential outcomes and assigns a weight to each one of them based on their likelihood of happening. The higher the probability of an outcome, the greater the weight assigned to it.
The following statements are false:Investment analysts do not need to be skilled at predicting the future to properly assign expected returns.Investment analysts spend most of their time building tables that reflect all the possible states of nature and assigning probabilities to each.There are usually only 5 or 6 meaningful states of nature.
For more question on return
https://brainly.com/question/1789817
#SPJ8
Vaughn Manufacturing took a physical inventory on December 31 and determined that goods costing $216,000 were on hand. Not included in the physical count were $30,000 of goods purchased from Tamarisk, Inc. , FOB, shipping point, and $21,500 of goods sold to Sheffield Corp. For $32,000, FOB destination. Both the Tamarisk purchase and the Sheffield sale were in transit at year-end. What amount should Vaughn report as its December 31 inventory
Vaughn Manufacturing should report $216,000 as its December 31 inventory. The goods purchased from Tamarisk, Inc. for $30,000 should not be included in the physical count as they were FOB shipping point, meaning ownership of the goods transferred to Vaughn Manufacturing upon shipment. The goods sold to Sheffield Corp. for $21,500 should also not be included in the physical count as they were FOB destination, meaning ownership of the goods transfers to Sheffield Corp. upon delivery. Since both the Tamarisk purchase and the Sheffield sale were in transit at year-end, they should not be included in the December 31 inventory count.
To determine the correct inventory value for Vaughn Manufacturing on December 31, we need to consider the goods in transit and adjust the physical count accordingly.
Step 1: Include the goods purchased from Tamarisk, Inc.
Since the goods were FOB shipping point, they belong to Vaughn as soon as they were shipped. Therefore, we need to add the cost of these goods to the physical count.
$216,000 (physical count) + $30,000 (goods from Tamarisk) = $246,000
Step 2: Exclude the goods sold to Sheffield Corp.
Since the goods were FOB destination, they still belong to Vaughn until they are received by Sheffield. Therefore, we need to subtract the cost of these goods from the adjusted inventory value in step 1.
$246,000 (adjusted inventory from step 1) - $21,500 (goods sold to Sheffield) = $224,500
Thus, Vaughn should report its December 31 inventory as $224,500.
To know more about physical inventory visit
https://brainly.com/question/29749768
SPJ11
mentha company currently has the following statistics:days in inventory: 80operating cycle: 148what is mentha's days in accounts receivable?
Mentha's days in accounts receivable is 68.
Accounts receivable refers to the average number of days it takes for a company to collect payment from its customers. In order to calculate the days in accounts receivable, we need to subtract the days in inventory from the operating cycle.
In this case, the operating cycle is given as 148 days, which represents the average time it takes for Mentha to convert its inventory into cash through the sale of products and subsequently collect payment from customers. The days in inventory is given as 80 days, which indicates the average time it takes for Mentha to sell its inventory.
By subtracting the days in inventory from the operating cycle, we can determine the remaining time it takes for Mentha to collect payment from its customers. Therefore, the days in accounts receivable is calculated as follows:
Days in accounts receivable = Operating cycle - Days in inventory
Days in accounts receivable = 148 - 80
Days in accounts receivable = 68
Therefore, Mentha's days in accounts receivable is 68.
Learn more about accounts receivable.
brainly.com/question/32156363
#SPJ11
Advise someone on the implications of CPA on businesses
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
Hope it helps! Correct me if I am wrong :>
Jennifer spends $65, 000 to buy an annuity, with 30 equal annual payments start- ing one year from now, under the effective annual interest rate of 8%. As Jennifer receives each payment at the end of the year, she invests it in a savings account that receives 4% effective interest annually. Find the accumulated amount in Jennifer’s savings account at the end of the 30th year.
Therefore, the accumulated amount in Jennifer’s savings account at the end of the 30th year is $64,676.09 (rounded to the nearest cent).
The accumulated amount in Jennifer's savings account at the end of the 30th year is $64,676.09.Jennifer has bought an annuity of $65,000, which is to be paid for 30 years and she invests each payment in a savings account with a 4% effective interest rate. The effective annual interest rate on the annuity is 8%.So, the annual payment to Jennifer would be $65,000/A(8%, 30), which is $65,000/12.8788 = $5,047.46 approximately.Jennifer would invest this amount at an annual interest rate of 4%. Hence, after one year, the amount she would have in the savings account would be $5,047.46 x S(4%, 1) = $5,254.02 (approx).Similarly, at the end of the second year, she would have $5,047.46 x S(4%, 2) = $5,469.85 (approx).Now, let's calculate the future value of $5,047.46 invested at 4% for the 30 years. The accumulated amount in Jennifer’s savings account at the end of the 30th year would be:$5,047.46 x S(4%, 30) = $5,047.46 x 45.5747 = $230,794.64 (approx).Therefore, the accumulated amount in Jennifer’s savings account at the end of the 30th year is $64,676.09 (rounded to the nearest cent).
To know more about amount visit:
https://brainly.com/question/32453941
#SPJ11
Diego feels he has achieved some measure of respect as a cosmetic surgeon. Now, Diego focuses on being the best he can be. Which need is Diego trying to meet
Diego is trying to focus and meet his self-actualization needs.
What is Maslow's Hierarchy of Needs?
Abraham Maslow's theory of Hierarchical needs explains that people are driven to meet fundamental wants before moving on to more complex requirements.
His theory emphasizes five hierarchical needs, these are:
Physiological needsSecurity and safety needsSocial NeedsEsteem NeedsSelf Actualization needsTherefore, based on the fact that Diego is concerned about his own personal growth and focusing on his career, we can conclude that Diego is trying to focus and meet his self-actualization needs.
Learn more about Maslow's Hierarchy of Needs here:
https://brainly.com/question/1785981
The Crazy Hair Salon provides special-occasion haircuts and generates average revenue of $66 per customer. The salon's fixed costs are $50,000 per year, which include rent, utilities and magazine subscriptions. Its variable costs are $16,50 per customer. Target operating profit for the year is $98,000.
Do not enter dollar signs or commas in the input boxes.
a) Calculate the revenues needed to obtain the target operating profit.
Round the Contribution Margin ratio to 2 decimal places. Round all other answers to the nearest whole number.
CM ratio: ________ %
Required CM:$ ________
Revenue: $________
b) How many haircuts have to be provided to earn an operating profit of $71,000 ? To break-even?
Round up to the nearest whole unit
BEP: ________
Haircuts to yield $71,000: ________
c) Calculate the operating profit if 3,800 haircuts are provided. Bound to the nearest whole number, Operating Profit:$________
a) Revenues needed to obtain the target operating profit:
CM ratio: 75.00%
Required CM: $73,500
Revenue: $98,000 + $73,500 = $171,500
b) Haircuts have to be provided to earn an operating profit of $71,000
Break-even point (BEP): 3,030 haircuts
Haircuts to yield $71,000: 4,425 haircuts
c) Operating Profit if 3,800 haircuts are provided: $31,350
The contribution margin (CM) ratio, which is the percentage of revenue that contributes to covering the fixed costs and generating profit.
Calculate the revenues needed to obtain the target operating profit:
First, we need to calculate the contribution margin ratio (CM ratio):
CM ratio = (Revenue per customer - Variable cost per customer) / Revenue per customer × 100
CM ratio = (66 - 16.50) / 66 × 100
CM ratio = 49.24%
Next, we can calculate the required CM:
Required CM = Target operating profit / CM ratio
Required CM = 98,000 / 0.4924
Required CM ≈ $199,032.87
Finally, we can calculate the revenue needed to obtain the target operating profit:
Revenue = Fixed costs + Required CM
Revenue = 50,000 + 199,032.87
Revenue ≈ $249,032.87
b) How many haircuts have to be provided to earn an operating profit of $71,000?
To calculate this, we'll use the formula:
Haircuts = (Operating profit + Fixed costs) / CM per unit
For an operating profit of $71,000:
Haircuts = (71,000 + 50,000) / (66 - 16.50)
Haircuts ≈ 2,203 haircuts (rounded up to the nearest whole unit)
To calculate the break-even point:
Haircuts = Fixed costs / CM per unit
Haircuts = 50,000 / (66 - 16.50)
Haircuts ≈ 961 haircuts (rounded up to the nearest whole unit)
c) Calculate the operating profit if 3,800 haircuts are provided:
Operating Profit = (Haircuts × CM per unit) - Fixed costs
Operating Profit = (3,800 × (66 - 16.50)) - 50,000
Operating Profit ≈ $146,200 (rounded to the nearest whole number)
For similar questions on Revenue:
https://brainly.com/question/14510611
#SPJ11
DO you like Anne with an E?
Answer:
meh
Explanation:
it's okay. I kind of don't like how they stayed from the book but all the scenes were shot beautifully, and the actors did great. I only watched a few so I cant give more than a "meh" but I do like what I'm seeing so far
ari is a manager of a manufacturing company. he’s not very popular with his employees. after he hears employees gossiping about him, he tries to stop the chatter by enacting rules against spreading rumors, gossip, and discussions about the company. your managerial savvy tells you that ari’s efforts will .
Since Ari is a manager of a manufacturing company and after he hears employees gossiping about him, he tries to stop the chatter by enacting rules against spreading rumors, Note that your managerial savvy tells you that Ari’s efforts will most likely fail.
What it means to be a manager?A manager is someone who is in charge of monitoring and inspiring workers as well as guiding the development of an organization. The person in charge of customer service, who handles client complaints, and who manages and supervises customer service personnel is an example of a manager.
Note that the word "gossip" has several different connotations. Depending on who you ask, gossip can refer to anything that is said about someone without their knowledge, whether it be harmful or actionable. Some people think it solely refers to incorrect rumors, while others say it can also apply to honest comments.
Note that Ari stopping the gossip that way will likely fail because he is using the wrong method.
Learn more about manager from
https://brainly.com/question/24708179
#SPJ1
11. (03.04 MC)
In which market structure is it most difficult to become a competitive producer? (1 poir
O Monopoly
Monopolistic competition
O Oligopoly
O Pure competition
Option (a), The most challenging market structure to enter is the monopoly one for producers.
Which market structure is the most challenging to penetrate?A market with a monopoly is the most challenging to enter. These are the legal barriers that are the root of the monopolistic strength that keeps other companies out. To protect itself against competitors for a certain period of time, a company can, for instance, patent its product.
Why is it challenging to enter a market where there is a monopoly?There are frequently substantial obstacles preventing a firm from entering a market. Potential competitors are at a disadvantage since the monopoly has the first-mover advantage and may lower prices to undercut an incoming competitor and prevent them from gaining market share.
Learn more about monopoly: https://brainly.com/question/10441375
#SPJ1
A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answer:17%
Explanation: I just want points
bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
Learn more about Opinion leadership here
https://brainly.com/question/29351790
#SPJ4