Makerbot is using a territorial and product sales-force structure. This means that the sales team is divided based on geographic regions, and within those regions, each salesperson specializes in a specific product.
This approach allows the sales team to have a deep understanding of the products they are selling and the industries they serve, which enables them to effectively communicate the benefits of 3D printing to potential customers. By dividing the sales team.
in this way, Makerbot can ensure that each salesperson has the knowledge and expertise required to meet the needs of their specific customer base. Additionally, this structure promotes healthy competition between salespeople, which can drive sales performance and ultimately lead to increased revenue for the company.
Overall, a territorial and product sales-force structure is an effective way for Makerbot to meet the complex needs of its diverse customer base and ensure that its products are reaching the right people in the right way.
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In 2011 oil production in libya was interrupted by political unrest. at the same time, the demand for oil by china continued to rise.
a. demonstrate the impact on the quantity of oil bought and sold. instructions: draw a parallel shift in the demand or supply curve(s) by grabbing, dragging, and then dropping the curve(s) to the new position(s). in the market for oil, compared to the initial equilibrium (e0), the impact of these events on price is and the impact on quantity is .
b. oil production in libya returned to its original levels by the end of 2012. what was the likely effect on equilibrium oil price and quantity? compared to the equilibrium identified in part a, price will and quantity will .
Who decides the business ethics for a company?
Answer:
Four groups of people are generally responsible for the success of a business:Employees,customers,the community and shareholders.
Explanation:
ethical companies need to balance their responsibilities to these groups, especially when they have conflict
Explain the organization’s role in promoting ethical behavior.
Provide a short example.
An organization plays a crucial role in promoting ethical behavior by establishing and upholding a culture of ethics, setting clear ethical standards and policies, providing ethical training and education, fostering transparency and accountability, and leading by example.
The organization's role in promoting ethical behavior begins with establishing a strong ethical culture. This involves defining the organization's values and ethical standards, which should align with societal norms and legal requirements. By clearly communicating these standards to employees and consistently reinforcing them through policies, codes of conduct, and ethical guidelines, organizations set expectations for ethical behavior and create a framework for decision-making.
To promote ethical behavior, organizations should provide ongoing training and education on ethical considerations and dilemmas. This helps employees understand the potential ethical challenges they may encounter in their roles and equips them with the knowledge and skills to make ethical choices. Training programs can include case studies, discussions, and simulations that encourage critical thinking and ethical reasoning.
Transparency and accountability are also essential in promoting ethical behavior. Organizations should establish mechanisms for reporting unethical behavior, such as anonymous hotlines or whistleblower policies, and ensure that reports are investigated promptly and impartially. By holding individuals accountable for their actions and addressing unethical behavior appropriately, organizations demonstrate their commitment to ethics and deter future misconduct.
For example, consider a company that values environmental sustainability. The organization can promote ethical behavior by implementing policies to reduce its carbon footprint, recycling waste, and conserving resources. By actively engaging employees in these initiatives and providing training on environmental responsibility, the organization encourages ethical behavior aligned with its values. Employees may be encouraged to adopt sustainable practices in their work and personal lives, leading to a positive impact on the environment and a sense of shared ethical responsibility within the organization.
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when brainstorming, you should go for quantity over quality. true or false?
A wiki is a website with journal entries on any imaginable topic usually written by one person. True. or false
False. A wiki is a website that allows multiple users to collaboratively create, edit, and organize content.
Journal entries typically refer to personal reflections or accounts, whereas wikis are more commonly used for creating informative and factual articles on various topics. Additionally, while one person may initiate the creation of a wiki page, it is expected that others will contribute and make edits over time, creating a collective and evolving source of knowledge. A wiki is not a website with journal entries written by one person, but rather a platform for collaborative content creation. Overall, wikis can be a powerful tool for creating and sharing information, but they require active participation and moderation to ensure accuracy and quality.
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False. A wiki is a website that allows multiple users to collaborate and contribute to the creation and editing of content on any imaginable topic.
A wiki is a collaborative website that allows multiple users to create, edit, and organize content on various topics. While it may contain journal entries, its primary purpose is to facilitate knowledge sharing and collective editing. Journal entries, on the other hand, are typically written by an individual to record events, thoughts, or experiences.It is not usually written by one person, but rather a collective effort of various individuals adding their knowledge and expertise to the content. Journal entries, on the other hand, are personal reflections or accounts of experiences and events written by one person in a diary or journal. While some wikis may have journal-like entries, the overall purpose and structure of a wiki is geared towards collaborative knowledge-sharing rather than personal reflections. In summary, a wiki is not a website with journal entries, but rather a platform for collaborative content creation and editing by multiple users.
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Pearson Co issue its $163,000 at a price of 97, the stated rate is 6%, the bond term is 4 years, and the market rate is 9%. Assume the term of the bonds is 4 years. Using the straight line method of amortization, the interest expense in the 1st year will be $_____
The interest expense in the 1st year is $11,002.50.
Here, we are to calculate the interest expense in the 1st year using the straight line method of amortization.
Face Value of Bonds = $163,000
Issue Value of Bonds = $163,000 * 97%
Issue Value of Bonds = $158,110
Discount on Bonds = Face Value of Bonds - Issue Value of Bonds
Discount on Bonds = $163,000 - $158,110
Discount on Bonds = $4,890
Annual Coupon Rate = 6.00%
Annual Coupon = Annual Coupon Rate * Face Value of Bonds
Annual Coupon = 6% * $163,000
Annual Coupon = $9,780
Time to Maturity = 4 years
Annual Amortization of Discount = Discount on Bonds / Time to Maturity
Annual Amortization of Discount = $4,890 / 4
Annual Amortization of Discount = $1,222.5
Annual Interest Expense = Annual Coupon + Annual Amortization of Discount
Annual Interest Expense = $9,780 + $1,222.5
Annual Interest Expense = $11,002.50
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Amila is examining the monthly returns of various stocks. she would like to compare the underlying distributions of the stocks visually and has decided to use multiple histograms for this purpose. she is however worried that it is difficult to compare the distributions of two stocks that are not next to each other on the plot. she also needs to add 5 more stocks to the plot and she is worried it will become cluttered. can you suggest an alternative plot for amila to use
An alternative plot for Amila to use is to use a graph to depict the data.
How to illustrate the information?From the information, she is worried that it is difficult to compare the distributions of two stocks that are not next to each other on the plot.
Therefore, a graph can be used to better illustrate the information.
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Mark, the marketing manager of a large U.S. corporation, realizes that Afghanistan has virtually no supply of tomatoes. He conducts a study to see what quantity of tomatoes Afghan customers would be able and willing to buy at different prices. Mark is analyzing Afghanistan's:
By conducting the study on the quantity of tomatoes Afghan customers would be able and willing to buy, Mark is analysing the demand for tomatoes.
What is the demand for a good?
The demand for a good measures the quantity of a good that would be demanded at different prices. Usually, the demand for a good is negatively related to the price of the good. As the price of the good increases, the demand for the good would decline.
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Corporate social responsibility (CSR) is about business corporations giving back to the society and Carroll Archie’s pyramid concept is widely regarded as ‘the model’ for CSR"". Explain to what extent you agree with the statement above
I partially agree with the statement that Carroll Archie's pyramid concept is widely regarded as 'the model' for corporate social responsibility (CSR).
While Carroll's pyramid is a well-known framework in CSR, it is not the only model or the definitive model for CSR. Carroll's pyramid suggests that CSR involves four responsibilities: economic, legal, ethical, and philanthropic. It presents a hierarchical structure where economic responsibilities are the foundation, followed by legal, ethical, and philanthropic responsibilities.
However, the concept of CSR has evolved over time, and various other models and frameworks have emerged. For instance, the United Nations Sustainable Development Goals (SDGs) have gained significant recognition and influence in shaping CSR practices.
The SDGs provide a comprehensive framework for to align their actions with global sustainability . Additionally, there are other frameworks, such as the Shared Value Approach, Triple Bottom Line, and Stakeholder Theory, which offer alternative perspectives on CSR.
While Carroll Archie's pyramid concept has played a significant role in shaping the understanding of CSR, it is essential to acknowledge that it is not the exclusive or universally accepted model. The field of CSR is dynamic and continually evolving, with multiple frameworks and approaches contributing to its development and implementation.
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Question 6 a project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. Now, because of team member time off, the project delivery will be two weeks late. What flexible planning strategy could the project manager have used to avoid the delay? 1 point use collaboration tools escalate to stakeholders enable decision-making assessing external constraints
A flexible planning strategy that projects managers can use to avoid delays is assessing external constraints.
Strategic planning is a business management activity that aims to ensure the company and all stakeholders involved in it work together to achieve the same business goals.
Strategic planning is the way a business or organization sets priorities, focus, and resources, strengthening operations. In addition, this activity also ensures that all those involved in their daily activities are in good synergy for a long period of time.
The preparation of strategic plans makes the company always ready to face challenges and changes. Not only that, but businesses can also seize the opportunities that exist as best they can. The strategic plan itself is a document used to communicate with the organization and its objectives.
All strategic plans made in the strategic plan must include an action plan that is able to realize these goals by considering other important business aspects.
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Assessing external constraints is a flexible planning technique that project managers can use to prevent delays.
The goal of strategic planning, a business management activity, is to make sure that the organization and all of its stakeholders collaborate to meet shared objectives. A company or organization can strengthen operations by setting priorities, concentrating efforts, and allocating resources through strategic planning. Additionally, this practice makes sure that everyone participating in their daily tasks works well together for a very long time.
Strategic planning ensures that the business is always prepared to meet challenges and adapt to change. Additionally, companies can do their best to take advantage of the opportunities that are available.
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A company purchased equipment valued at $300,000 on January 1. The equipment has an estimated useful life of six years or 500,000 units. The equipment is estimated to have a salvage value of $20,000. Assuming the units of production method of depreciation, what is the depreciation expense for the second year if the equipment produced 80,000 units in the year?
A. $16,677
B. $48,000
C. $44,800
The correct option is C. $44,800.The given information can be tabulated as shown below:Year Units of production, 2nd year 80,000, Total units produced 160,000(80,000 units produced in 2nd year).
Useful life of equipment = 6 years
Units of production = 500,000 units
Salvage value = $20,000
Depreciable cost = Cost of equipment - Salvage value
= $300,000 - $20,000= $280,000
Therefore, Depreciation per unit = Depreciable cost / Units of production
= $280,000 / 500,000 units
= $0.56 per unit
The depreciation expense for the second year can be calculated as follows:
Depreciation expense = Depreciation per unit * Units produced in 2nd year
= $0.56 per unit * 80,000 units
= $44,800
Hence, the correct option is C. $44,800.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
(Compounding using a calculator) Bart Simpson, age 10, wants to be able to buy a really cool new car when he turns 16. His really cool car costs $15,000 today, and its cost is expected to increase 3 percent annually. Bart wants to make one deposit today (he can sell his mint-condition original Nuclear Boy comic book) into an account pay ing 7.5 percent annually in order to buy his car in 6 years. How much will Bart's car cost, and how much does Bart have to save today in order to buy this car at age 16?
In six years, Bart's car will cost $17,489.29. He needs to save $12,056.51 to purchase the car.
To calculate the future cost of Bart's car, we need to use compounding. We can use the formula:
FV = PV x (1 + r)n
Where FV is the future value, PV is the present value, r is the annual interest rate, and n is the number of years.
Using this formula, we can calculate the future cost of Bart's car:
FV = $15,000 x (1 + 0.03)6
FV = $17,489.29
So Bart's car will cost $17,489.29 in 6 years.
To calculate how much Bart needs to save today, we need to use the present value formula:
PV = FV / (1 + r)n
Using this formula, we can calculate how much Bart needs to save:
PV = $17,489.29 / (1 + 0.075)6
PV = $12,056.51
So Bart needs to save $12,056.51 today in order to buy his car in 6 (six) years when he turns 16 (sixteen).
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In situations where the nature of the task is so uncertain that it may be difficult to specify expected goals, the most appropriate rating format is
A) a Management By Objectives format.
B) a standard rating scale.
C) a behaviorally anchored rating scale.
D) an essay format.
The appropriate rating format when the nature of the task is so uncertain that it may be difficult to specify expected goals is C) a behaviorally anchored rating scale.
A rating scale is a tool used by evaluators to measure the quality of an object, product, or service. A rating scale is a set of categories designed to classify data about an individual, group, or event on one or more dimensions of a variable. This scale, often known as a response scale, can be in the form of numerical figures, categories, or even concepts. The term rating scale typically refers to either ordinal, interval, or ratio scales, depending on the level of data being gathered.
A behaviorally anchored rating scale (BARS) is a method of rating employees in which predetermined, specific examples of behavior are used to grade workers. BARS combine the benefits of narrative critical incidents and quantified ratings by integrating qualitative and quantitative data into one cohesive system. BARS scales can be created for a variety of professions, including teachers, nurses, and customer service representatives, to name a few.
The most appropriate rating format in situations where the nature of the task is so uncertain that it may be difficult to specify expected goals is a behaviorally anchored rating scale (BARS) format.
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Customer value depends on the product’s cost versus the perceived ________ the buyer received
Customer value depends on the product's cost versus the perceived benefits the buyer received.
Value is the satisfaction that a consumer derives from a product or service and is the difference between the perceived benefits and the perceived costs of the item.In other words, customer value is the difference between the total value that a customer perceives from a product and the total cost of the product. If the perceived benefits are greater than the cost, the customer will perceive the product as having high value.
On the other hand, if the cost is greater than the perceived benefits, the customer will perceive the product as having low value. Therefore, companies must strive to deliver products that offer greater perceived benefits than their cost in order to create value for their customers.
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Which of the following is a similarity between an industrial metrologist and a legal metrologist?
Both ensure confidence in the quality of measurements
Both are employed by private companies
Both develop measurement standards based on research
Both ensure adequate functioning of measurement instruments
Answer:
is a
Explanation:
Answer:
Both ensure confidence in the quality of measurementsExplanation:
The correct answer is Both ensure confidence in the measurements. A legal metrologist and an industrial metrologist are both concerned with the confidence organizations have in the quality of measurements. Industrial metrologists are concerned with the quality of measurements for the industry in which they work. Legal metrologists are concerned with the quality of measurements for all groups affected by measurement regulations.
ceteris paribus, if consumer tastes change so that more people are eating broccoli, then what will happen to the market equilibrium for cabbage, a substitute good for broccoli?
If people start eating broccoli, demand for cabbage, a substitute good for broccoli, will fall, causing the demand curve to shift to the left. Thus, decrease in the market equilibrium for cabbage.
What is market equilibrium and why is it important?The point at which the quantity of goods or services supplied by producers equals the quantity demanded by consumers, resulting in a balance of supply and demand, is known as market equilibrium. There is no surplus or shortage at this point, and prices are beginning to stabilise. Market equilibrium is important because it determines the price and quantity of goods and services exchanged in the market, affecting both producers and consumers' welfare. If the market is out of balance, there will be either a surplus or a shortage, resulting in inefficiencies and market distortions. Understanding market equilibrium allows producers and consumers to make more informed production and consumption decisions, resulting in more efficient resource allocation and a better functioning economy.
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How many estimated agriculture-related career opportunities can students explore? 300 | 400 | 500 | 600 | 700
With an estimated 300 employment options in agriculture, students can investigate a variety of fields.
What does agriculture entail?The art or art of managing the soil, growing crops, and raising livestock is known as agriculture. It involves preparing plant and animal items for human consumption and distributing them to marketplaces.
What distinguishes agriculture from farming?Agriculture encompasses a wide range of activities, including production, research, and development, as well as farming. Additionally, it describes the science or practice of farming, which includes preparing the soil for agricultural growth and raising animals for food, fiber, and other items.
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Can you determine and explain this following?
a decision tree that illustrates decision alternatives
major assumptions of the basic EOQ model
Calculation of the
optimal order quantity,
the expected number of orders
the expected time between orders
The use of the Fisher assumptions
The Economic Order Quantity (EOQ) model is a stock control method that aids businesses in determining how much inventory to buy at any one moment to reduce costs. EOQ is the optimal order size that balances the inventory holding costs and order processing costs.The decision tree is a graphical representation of decisions and the possible outcomes. It is a tool for visualizing and evaluating different choices.
The use of a decision tree for decision-making allows you to weigh the probabilities of different outcomes and estimate the value of different options. The expected monetary value (EMV) is the sum of the products of the probability of each outcome and the expected monetary value of each outcome. The decision tree should also include the assumptions made to reach the final decision, which include major assumptions of the basic EOQ model.
The basic EOQ model's major assumptions are that demand is constant, the ordering cost is fixed, and the holding cost per unit is constant. These assumptions are needed to determine the optimal order quantity.
The calculation of the optimal order quantity, the expected number of orders, and the expected time between orders is as follows:
Optimal Order Quantity = √((2SD)/H)
Expected Number of Orders = (Total Annual Demand / EOQ)
Expected Time Between Orders = (EOQ / Total Annual Demand) x 12
The Fisher assumptions of the EOQ model include that the production rate is constant and equal to the sales rate, the delivery time is constant, and the price is constant.
In reality, these assumptions are likely to be invalid.
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Which one would be correct I’m to lazy to think :)
Kade, who manages a hotel, was recently explaining to deja, a regional manager, his quandary about whether to fire a front desk employee about whom several guests had complained. Kade described, "i first identified the problem as poor customer service, and then i brainstormed several solutions. I evaluated each alternative, and then i implemented my decision not to fire the employee. Instead i provided him with additional training. Finally, i followed up with an evaluation to see if his customer service skills had improved. " kade is applying the:.
In this instance, Kade, as the hotel manager, is applying the B. employee relations model of evaluations in relating with the front desk employee.
What is the employee relations model of evaluations?The employee relations model of evaluations relies on the application of the following principles of human relationships and performance evaluation:
CommunicationConsultationNegotiation.Answer Options:A. strategic planning model of leadership.
B. employee relations model of evaluations.
C. non-rational model of decision making.
D. rational model of decision making.
Thus, the model, which favors employees, is applied by Kade in Option B.
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The Green Shoe provision is used to: O provide funding to investment bankers for unsold shares. O reduce the number of shareholders. O provide additional reward to investment bankers for a risky issue. address unsold shares. O cover oversubscriptions.
The Green Shoe provision is used to cover oversubscriptions. Therefore, correct option is d. cover oversubscriptions.
The Green Shoe Provision used for:
The Green Shoe provision is used to cover oversubscriptions. This provision allows underwriters to issue additional shares, up to a certain percentage, if the initial public offering (IPO) is oversubscribed. By doing so, it helps stabilize the price of the stock in the aftermarket and provides additional funding to the issuing company.
The provision can be used to cover oversubscriptions, where there is more demand for shares than there are shares available. It does not reduce the number of shareholders, nor is it used to provide additional reward to investment bankers for a risky issue. Therefore, correct option is d. cover oversubscriptions.
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1. In the field of personal selling, the temptation to engage in
unethical conduct is always present. Identify four types of
temptations experienced by sales personnel. (Minimum 50 words)
Answer:
In the field of personal selling, sales personnel may face various temptations that can lead to unethical conduct. Four types of temptations commonly experienced by sales personnel are misrepresentation, pressure to meet targets, incentives and commissions, and confidentiality breaches.
Salespeople may be tempted to misrepresent or exaggerate the features, benefits, or performance of a product or service in order to make a sale. This could involve making false claims or withholding important information from customers.
Sales targets and quotas can create pressure on sales personnel to achieve their goals. This pressure may lead them to engage in unethical practices such as pressuring customers into purchasing products they don't need or manipulating sales data to meet targets.
The desire for higher commissions or incentives can tempt sales personnel to prioritize their own financial gain over the best interests of the customers. They may be inclined to push customers towards more expensive options or upsell unnecessary add-ons.
Sales personnel may have access to sensitive customer information, such as personal details or financial data. The temptation to misuse or disclose this information for personal gain or to gain competitive advantage can arise, leading to ethical breaches.
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Cost-volume-profit analysis is the study of the effects of.
Cost-volume-profit analysis simply means the study of the effects of change in costs and volume on the profit of a company.
What is Cost-volume-profit analysis?Cost-volume-profit analysis simply means a way to find out how changes in cost will affect the profit.
Cost-volume-profit analysis is the study of the effects of change in costs and volume on the profit of a company.
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Name the market structure in which agriculture farming operate
Answer:
primary sector involves agricultural stuufs
hope it is helpful
Which of the following would LEAST likely help a salesperson earn a repeat sale?
A) providing professional looking business cards
B) ensuring timely delivery of a product
C) acting as the customer's advocate
D) ensuring the accuracy of invoices
E) offering technical expertise
The options provided, the least likely to help a salesperson earn a repeat sale would be providing professional-looking business cards.
While having a professional image is important, it is not the most crucial factor in building long-term relationships with customers. The other options are more directly related to providing quality service to the customer, such as ensuring timely delivery of a product, acting as the customer's advocate, ensuring the accuracy of invoices, and offering technical expertise. These actions show the customer that the salesperson values their business and is committed to providing high-quality service, which is essential for earning repeat business. However, it is still important for a salesperson to present a professional image and having a well-designed business card can contribute to this.
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can someone help me? got till the end of the day :/
Answer:
A
Explanation:
Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.
Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.
What is the Cash Cow?The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:
Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.Thus, the strategic business unit with the above characteristics is a cash cow.
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liminating forex risk is not possible using futures and forwards because international money markets do not recognize the risk insurance allocation from foreign banks. true or false
Eliminating forex risk is not possible using futures and forwards because international money markets do not recognize the risk insurance allocation from foreign banks is False.
What does forex mean?The foreign exchange market, sometimes referred to as the forex market or the FX market, is an international exchange where national currencies can be traded. Due to the global nature of trade, business, and finance, FX markets are frequently the biggest and most liquid asset markets on the planet. Exchange rate pairs are used to compare currencies.
What is the process?Speculating on foreign exchange rates in order to gain financial gain is known as forex trading. Since currencies are traded in pairs, when a trader exchanges one currency for another, they are making a prediction about whether one currency will appreciate or depreciate in value relative to the other.
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Your company takes out an amortized loan for $100,000 and pays it back in equal annual payments of $23,000 each over the next five years. What is the annual interest rate on the loan?
a. 4.85%
b. 23.00%
c. 15.00%
d. 6.99%
The annual interest rate on the $100,000 loan with equal annual payments of $23,000 over five years is 6.99%. The correct answer is option (d).
To determine the annual interest rate on an amortized loan, we need to use a loan amortization schedule. This schedule breaks down each payment into its principal and interest components and shows how much of each payment goes toward reducing the loan balance.
For this loan of $100,000 paid back over five years in equal annual payments of $23,000, we can use an online loan amortization calculator to determine the interest rate. Plugging in the numbers, we find that the interest rate on the loan is 6.99%. Hnece, the right answer is option (d).
This means that each year, the borrower is paying 6.99% of the outstanding loan balance in interest, which decreases as the loan is gradually paid off over time. The total amount of interest paid over the life of the loan will be $14,950, which is the difference between the total payments of $115,000 and the original loan amount of $100,000.
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