The Buying center is a group of persons within an organization who participate in the buying process and share common goals, risks, and knowledge important to the purchase decision.
Within organizations, there are divisions known as buying centers where purchases are made.
A buying center is a team within a business, made up of staff members and other organization members, who are in charge of organizing the buying process and making important choices on the purchases of goods or services. Key purchases in an organizational setting necessitate critical contributions from several organizational departments like finance, IT, purchasing, accounting, and senior management. The buying center's participants rely on the goods or services purchased.
A strong customer insight notion is the Buying Center. You can make better decisions in marketing, product development, sales, and management by having an understanding of it. It provides details so you can make decisions about your brand's functioning channels and a strict storyline.
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With reference to above statement,how would sustainable consumption and production impact the society?
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
A. No, there is not an error.
B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
Answer:
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Or
No, there is not an error.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.
What is insurance policy?An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.
Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.
But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.
Thus, option C is correct.
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When should a firm consider expanding from strictly domestic trade to international trade? When should it consider becoming further involved in international trade? What factors might affect the firms desicions in each case?
Answer: When they begin to get trades beyond how their previous annual turn over and international requests
Explanation:
Many businesses start from homes due to they can't afford to pay or rent a property yet while run their business. Businesses have different methods of operation, while some operate strickly domestically, others might want to either sell domestically too or do same alongside internationally.
A company can begin expanding or considering international trade on it's sales when they begin to receive large recommendation and request internationally.
The factors that might affect most cases always be fear and cost related. Fear of being kicked out of the market by competitors and cost in the sense of competitors beating his prices to give them a challenge.
Any firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
Normally, a company can begin expanding its scale on international trade when they begin to receive large recommendation and request internationally.
Also, some of the factors that might affect them includes operation cost, trade barrier, competitors etc, in the international market etc
However, a firm should start consider expanding from domestic trade to international trade when its has already saturated the domestic market and needed to expand outside of the country for further growth opportunities.
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39. When trying to sell a product or service to a customer, when the customer initially says "no", this
is called a(n) *
(2 Points)
O Refusal
o
Direct denial
Objection
O Pass
Answer:
A sales objection
Explanation:
A sales objection is any communication from a customer expressing unwillingness to make a purchase at that moment. It is when a customer turns down a sales proposal. A sale objection indicates that the customer is not ready to buy.
Sales objections are common in the selling process. They can be frustrating to salespeople. However, they are several techniques that companies and salespeople employ to overcome the disappointment caused by objections.
Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario
Answer:
porque se dice que quiero tomar el siguiente
5) In a building construction project, 7,500feet of insulated ductwork is required. The ductwork is made from 14-gauge steel costing $8.50 per pound. The 24-inch-diameter duct weighs 15 pounds per foot. Insulation for the ductwork costs $10 per foot. Engineering design will cost $16,000, and labor to install the ductwork will amount to $180,000. What is the total cost of the installed ductwork for this project?
Answer:
$1,227,250
Explanation:
Calculation for the total cost of the installed ductwork for this project
First step is to calculate the costs that have to be estimated based on unit technique for both material and insulation
Material: 7,500ft*15 lb/ft*$8.5/lb=$956,250
Insulation: 7,500ft *$10/ft=$75,000
The next step is to calculate for the Total cost
Engineering design cost $16,000,
Labor $180,000
Material $956,250
Insulation $75,000
Total cost $1,227,250
Therefore the Total cost of the installed ductwork for this project will be $1,227,250
Definition of literature
Answer:
writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays
Explanation:
Answer:
the art of written works, and is not bound to published sources (although, under circumstances they can be exempt).
Explanation:
Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
What are 2 producers in the food web?
The two producers in the food web are plants and algae.
Producers are the starting point of the food web, as they are the only organisms capable of converting energy from the sun into food energy through the process of photosynthesis.
Plants use the energy from the sun, along with water and carbon dioxide, to create carbohydrates, which can be used as energy for the plant. Algae have a similar process, as they also use photosynthesis to create energy.
As they are the primary source of food energy, producers are the foundation of the food web. Consumers, such as animals, depend on producers for their energy. As producers are consumed by consumers, the energy flows up the food chain and is passed along the web.
Producers are also the primary source of oxygen, as they use photosynthesis to convert carbon dioxide into oxygen, which is necessary for the survival of all living organisms. Without producers, the food web would not exist.
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Which of the following choices is a way that big data and data science can help today’s marketer?
(a) The use of big data helps in marketing decision making because it keeps marketing information more "pure" by eliminating other business units from the marketing decision-making process.
(b) Big data can help firms react to market conditions more quickly, leading to optimized pricing practices.
(c) Data science has helped simplify promotional decisions because it has shown that simple promotions reaching large audiences work the best.
(d) Real-time inventory management often helps marketers plan
promotional campaigns that are more effective.
(e) Big data has been useful in determining what other companies a firm should merge with to be a more effective marketer.
The way in which big data and data science can help today’s marketer includes:
A. The use of big data helps in marketing decision making because it keeps marketing information more “pure” by eliminating other business units from the marketing decision-making process.B. Big data can help firms react to market conditions more quickly, leading to optimized pricing practices.C. Data science has helped simplify promotional decisions because it has shown that simple promotions reaching large audiences work the best.What is Big Data vs Data Science?Basically, a big data refers to the data is used by organisations to improve the efficiency, understand the untapped market, and enhance competitiveness while a data science is more concentrated towards providing modelling techniques and methods to evaluate the potential of big data in a précised way.
Big data analytics are mostly used in marketing and sales by organizations in pricing strategies according to the pricing of similar products in the market. In conclusion, both the Big data and Data science are used for making promotional campaigns for customer retention and gaining new customers.
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the primary reason people don't budget is because they lack the behavior to stick to a budget. TRUE OR FALSE?
TRUE.the primary reason people don't budget is because they lack the behavior to stick to a budget
While there may be other reasons why people don't budget, such as not knowing how to create a budget or feeling like they don't have enough money to budget, the primary reason is often a lack of discipline to stick to the budget once it's created. This can be due to a variety of factors, such as impulsive spending habits, lack of financial literacy, or difficulty controlling one's emotions when it comes to money. However, developing good budgeting habits can help overcome these challenges and lead to better financial outcomes.
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Question #1
Multiple Choice
What is it called when a small number of companies control more than 40 percent of a market?
O monopoly
O oligopoly
O competitive market
duopoly
Question # 2
Fill in the Blank
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
What makes you buy a candied vegetable or a candied fruit?
Answer: Your curiosity on whether it tastes like any other candy or not.
Explanation:
Answer:
Eat whatever you like not whatever makes other people happy also the anwser is either a b c or d
Explanation:
The only certainties we have are death and taxes, or so the saying goes. Taxation was one of the original concerns when the United States declared independence from Great Britain. Taxation, one of the central areas of economic policy for the federal and state governments, drives much public debate to this day.
1. Taxes today are a major influence on government policy. The fact that our budget is restricted by the amount of tax revenue we get is one of the primary reasons we have the policies we have today.
2. I believe taxes should be more evenly dispersed among those who need them the most. More tax revenue should be used to improve welfare and fund public services like education.
3. I disagree that taxes should be reduced generally. The government must be able to generate adequate revenue in order to carry out its duties and lessen inequality. The greatest method to do this is through taxes, and ultimately, we all gain from this agreement.
4. Because they are frequently not taxed in accordance with their wealth, the richest people should be paying more in taxes. They should also contribute more to society because they have far more money than they require and use more resources per person.
5. The modifications I suggest would enable the government to spend more money on initiatives that will enhance the quality of life for all citizens.
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Your question seems to be incomplete, but most probably your complete question was:
The only certainties we have are death and taxes, or so the saying goes. Taxation was one of the original concerns when the United States declared independence from Great Britain. Taxation, one of the central areas of economic policy for the federal and state governments, drives much public debate to this day. How do you believe taxes affect government economic policy today? What types of reforms would you like to see in taxes? Should taxes be lowered overall? Should some groups be paying more than they are now? How would the changes you recommend affect the economy and the ability of the government to carry out its functions?
Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company profile. Their "About Us" page on their website tells a story of service and growth, all centred around their customers
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn
Answer:
c
Explanation:
lololololoolololololol
looking at a kinked demand situation, why would an oligopoly be reluctant to decrease the price of their product on their own? oligopolies are not reluctant to decreasing prices on their own they would be then exposed to an inelastic demand for their product and the price decrease would lead to a lower total revenue. they would be then exposed to an elastic demand for their product and the price increase would lead to a higher total revenue. they would be then exposed to an elastic demand for their product and the price increase would lead to a lower total revenue.
Oligopolies would be reluctant to decrease the price of their product on their own because they would be then exposed to an inelastic demand for their product, and the price decrease would lead to lower total revenue.
In an oligopoly, where a few firms dominate the market, there is a potential for interdependence among the firms' pricing decisions. In a kinked demand situation, the demand curve faced by an oligopoly has a kink at the current price level.
Above the kink, the demand is relatively elastic, meaning that a price increase would lead to a significant decrease in quantity demanded and lower total revenue. Below the kink, the demand is relatively inelastic, implying that a price decrease would not result in a proportionate increase in quantity demanded and would also lead to lower total revenue.
Given this situation, an oligopoly would be reluctant to decrease the price of its product on its own because it would move below the kink in the demand curve, facing inelastic demand. This would lead to a lower total revenue, as the price decrease would not be fully compensated by an increase in quantity demanded.
Therefore, oligopolies prefer to maintain higher prices to maximize their total revenue and avoid engaging in price wars with their competitors.
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a monopoly earns total revenue of $5000 when it sells 500 units of output and total revenue of $5400 when it sells 600 units of output. thus, the marginal revenue of the 600th unit is $9. true false
The given statement "a monopoly earns total revenue of $5000 when it sells 500 units of output and total revenue of $5400 when it sells 600 units of output. Thus, the marginal revenue of the 600th unit is $9" is false as it is $4.
Marginal Revenue is the increase in total revenue that results from selling an additional unit of output. Marginal revenue is calculated by dividing the change in total revenue by the change in output. The statement has given the total revenue generated by the monopoly at different levels of output.
The change in total revenue is $400 ($5400-$5000).
Change in output is 100 (600-500).
Marginal Revenue= Change in total revenue / change in output= $400 / 100= $4
Thus, the marginal revenue of the 600th unit is $4, not $9. Therefore, the statement given is false.
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ASAP!!
What does a most-favored-nation (MFN) status mean?
a. A country is exempt from product standards that make it expensive for goods to be imported.
b. A country has special licensing agreements with U.S. corporations.
c. A country pays the same tariffs as those paid by all MFN countries.
d. A country has a special exemption from all tariffs in the United States.
Answer:
c
Explanation:
PLEASE HELP Question 21(Multiple Choice Worth 5 points) (04.09 LC) A paid position with specific duties, tasks, and responsibilities in a particular place of work. O Career Interests O Job O Values Question 22 Multiple Choice Worth 5 points) con. PLEASE HELP
Answer:
Job
Explanation:
A job is any regular and legal activity that one does to earn money. A job is a responsibility, position, or role assigned to a worker/ employee. Each job has a job description which details what duties the employer expects the employees to perform.
A job refers to employment, either full-time or part-time. It is also a piece of work to be performed.
What are good sides and bad sides of breaking news and some examples why is it bad/good?
Answer:
breaking news may have a bad news example of bad news is fake news
Answer:
In my opinion, I see that the good side of news is that it help people be more aware of what's going around, and some may contribute to the rise in support for some fundings and charity programs for example: if a breaking news about a victim of any crime for example stolen house is displayed, an interview can give a voice to the victim to speak out and maybe raise fundings to repair all stolen goods or damaged items. On the other hand, some breaking news can end up sending out the wrong message and information for example talking about untrustable information, which may later on turn out to be wrong this can cause rumors.
From 1975-2015, inflation has ____ real wages for most workers in the U.S. a. Not charged b. Raised c. Not enough information d. Lowered
Answer: d. lowered
Explanation:
Inflation refers to the general increase in the prices of goods and services in a country. Inflation erodes the value of money making it regressively weaker as time goes on.
Real wages have been adjusted for the influence of inflation so that a better comparison can be made over the years and what has been seen is that inflation has lowered the wages of most workers in the U.S. compared to their peers several years ago.
Richard is conducting a study to determine job worth and level of compensation for engineers in his company. What is Richard doing
To determine the yield rate, convertible semiannually, that the investor realizes, we need to find the yield rate that makes the present value of each bond's cash flows equal to its purchase price.
Let's denote:
r = Yield rate, convertible semiannually
P1 = Purchase price of the first bond
P2 = Purchase price of the second bond
C1 = Coupon payment for the first bond
C2 = Coupon payment for the second bond
N = Number of periods (20 years * 2 semiannual periods = 40)
For the first bond with a par value of $500 and a coupon of $45, the cash flows consist of 40 coupon payments of $45 each and the par value of $500 at maturity.
The present value (PV) of the first bond can be calculated using the present value formula for a bond:
P1 = (C1/r) * (1 - (1 + r)^(-N)) + (Par value / (1 + r)^N)
For the second bond with a par value of $1,000 and a coupon of $30, the cash flows consist of 40 coupon payments of $30 each and the par value of $1,000 at maturity.
The present value of the second bond can be calculated similarly:
P2 = (C2/r) * (1 - (1 + r)^(-N)) + (Par value / (1 + r)^N)
Given that the dollar amount of premium on the first bond is twice as great as the dollar amount of discount on the second bond, we have:
(P1 - Par value) = 2 * (Par value - P2)
Simplifying the equation, we have:
P1 - Par value = 2 * Par value - 2P2
P1 + 2P2 = 3 * Par value
Now, we can substitute the coupon and par values into the equations and solve for r using numerical methods or financial calculators to find the yield rate, convertible semiannually, that the investor realizes.
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In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. if the unemployment rate had been 9.7 percent instead of 4.9 percent instructions: enter your responses rounded to one decimal place. a. how many more workers would have been unemployed
If the unemployment rate had been 9.7 percent instead of 4.9 percent in 2016, the number of additional unemployed workers can be calculated by comparing the labor force size and the difference in unemployment rates.
To determine the number of additional unemployed workers, we need to compare the labor force size and the difference in unemployment rates.
Given that the labor force in 2016 was approximately 159.2 million people and the unemployment rate was 4.9 percent, we can calculate the number of unemployed workers as follows:
Number of unemployed workers = Labor force size * Unemployment rate
Therefore, the number of unemployed workers in 2016 was 159.2 million * (4.9/100) = 7.8 million.
To find out how many more workers would have been unemployed if the unemployment rate had been 9.7 percent, we calculate the difference in the unemployment rates:
Difference in unemployment rates = 9.7 percent - 4.9 percent = 4.8 percent
To determine the additional unemployed workers, we multiply the labor force size by the difference in unemployment rates:
Additional unemployed workers = Labor force size * Difference in unemployment rates
Therefore, the additional unemployed workers would be 159.2 million * (4.8/100) = 7.6 million.
Hence, if the unemployment rate had been 9.7 percent instead of 4.9 percent in 2016, there would have been approximately 7.6 million more workers unemployed.
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Why’s are payroll withholding and estimated tax useful
Answer:
it is actually "They make sure people aren't surprised by how much they owe for the year all at once." i just took the quiz
Explanation:
A certain drug treatment cures 90% of cases of hookworm in children. Suppose that 20 children suffering from hookworm are to be treated, and that the children can be regarded as a random sample from the population. Find the probability that:
a. all 20 will be cured
b. no more than 2 will be cured
c. at least 1 will be cured
d. more than 78% will be cured
e. What is the mean and standard deviation of the number of cured out of 20?
f. What is the mean and standard deviation of the proportion of cured out of 20 (Hint: if you define a variable to be the number cured out of 20, the proportion is).
Answer:
78% of 2.
Explanation:
Get a calculator. Press ON, then press 78 WITH PERCENT IF APPLICABLE. Times 2. Enter, thats your answer is what you get.
The connections and relationships a salesperson developed would be considered to be a form of:_______
Social capital connections and relationships a salesperson developed.
The shop clerk is accountable for greeting customers, assisting them to locate objects in the store, and ringing up purchases. To be successful as a shop clerk you need to have super communique abilities. an amazing sales clerk meets sales objectives even as final polite and beneficial to clients.
Successful salespeople are experts in their clients’ corporations and feature as consultants, promoting the commercial enterprise objectives of customers and providing revolutionary thoughts and solutions. they are additionally strategists, offering opportunities for customers at the same time as demonstrating value.
Social capital is the idea of social technological know-how that involves the ability of individuals to comfortable blessings and invents solutions to problems thru membership in social networks. Social capital revolves around 3 dimensions: interconnected networks of relationships among people and corporations (social ties or social participation), tiers of trust that characterize those ties, and sources or blessings which can be both received and transferred by using the virtue of social ties and social participation.
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An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
What is a general rule for when firms will keep adding factors of production?
The general-rule for when firms keeps on adding factors of production is known as law of diminishing returns.
The law of diminishing returns states that, as a firm increases the quantity of one input (such as labor or capital) while keeping other inputs constant, the marginal-product of that input will eventually start to decline, resulting in diminishing returns.
The "law-of-diminishing-returns" suggests that there is an optimal level of input utilization beyond which adding more of that input will result in diminishing or decreasing returns in terms of output or productivity.
The Firms will generally keep adding factors of production up to the point where the marginal benefit of adding an additional unit of input equals the marginal cost, and beyond that point, it may not be economically efficient to continue adding more inputs as the additional output may not justify the cost of additional inputs.
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