The Ritz-Carlton provides a personalized customer experience based on sophisticated analysis of data gathered about each guest. This focus on _____ allows the hotel to increase its perceived value
a. Good value
b. Customer service
c. Product features
d. Marketing
b. Customer service
Answers
The Ritz-Carlton provides a personalized customer experience based on sophisticated analysis of data gathered about each guest. This focus on Customer service allows the hotel to increase its perceived value.
Customer service refers to the help and guidance a business offers to consumers who purchase or utilize its goods or services. Every industry has distinct standards for customer service, but ultimately, the goal of a well-performed service is to boost profits. Employees "who can modify themselves to the personality of the customer" are critical to the perceived effectiveness of customer service encounters. Customer service practices frequently show a company's strategies and ideals. Customer retention is typically used to gauge how well customer service is performing.
For some businesses, providing excellent customer service is one of their intangible assets that sets them apart from competitors.
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Related Questions
Discuss the following statements:
The growth in earnings is related to the firm’s profitability.
In the valuation of stocks of different companies, we can assume that the long-term growth rates are the same across companies.
Answers
The growth in earnings is indeed related to a firm's profitability, as higher profitability generally leads to higher earnings. However, assuming that long-term growth rates are the same across all companies in the valuation of stocks is not accurate, as different companies operate in diverse industries and have unique competitive advantages.
The growth in earnings is a crucial factor in assessing a firm's financial performance and future prospects. Earnings represent the company's profits after deducting expenses and taxes. Higher profitability typically leads to higher earnings because a profitable company generates more revenue and has better control over its costs and expenses. As a result, firms with a higher level of profitability are more likely to experience growth in earnings over time. Investors often pay close attention to earnings growth as it reflects the company's ability to generate sustainable profits and increase shareholder value.
However, assuming that long-term growth rates are the same across all companies in stock valuation is not accurate. Companies operate in different industries and have varying competitive advantages, market conditions, and growth prospects. Factors such as technological advancements, regulatory environments, consumer preferences, and global economic conditions significantly influence a company's growth potential. Therefore, it is crucial to consider these industry-specific factors when valuing stocks. Additionally, each company has its own unique business model, management team, and growth strategies, which further differentiate their long-term growth rates.
In summary, while the growth in earnings is generally related to a firm's profitability, assuming that long-term growth rates are the same across all companies in stock valuation is not appropriate. Each company operates in a specific industry with its own set of competitive advantages and growth drivers. Valuing stocks requires a comprehensive analysis of a company's profitability, industry dynamics, competitive position, and growth prospects to make informed investment decisions.
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Select the correct answer from each drop-down menu.
What are the five main columns of a journal?
The five main columns of a journal are date, account, (company's name, explanation, vendor's name)
, PR, (customer's names, debit, company's name)
, and credit.
Answers
The five main columns of a journal in accounting are:
Date,Account Title and Description,Posting Reference,Debit,Credit.What is the structure of journal in accounting?Journal entries serve as the foundation of an organization's accounting system. All systems, whether paper-based, fully automated, or a hybrid of the two, rely on journal entries. All transactions for a business are recorded in journal entries.
Journal entries are formatted in a consistent manner. A properly formatted journal entry will include the correct date, general ledger accounts, the amount(s) to be debited and credited, a description of the transaction, and a unique reference number, such as a check number.
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In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?
Answers
Antitrust laws initiate action against companies that appear to have too much power.
Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.
Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.
Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.
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under which cirbumstances should you use a two populaiton z test
Answers
A two-population z-test is used to compare the means of two independent populations. It is used when we have two samples, each from a different population, and we want to determine if the difference between the means of the two populations is statistically significant.
The two-population z-test is appropriate when certain assumptions are met. Firstly, the two populations should be independent of each other, which means that the samples are not related to each other. Secondly, the two populations should be normally distributed, or the sample sizes should be large enough to satisfy the Central Limit Theorem. Lastly, the two populations should have equal variances.
Some common examples where a two-population z-test can be used include testing if there is a difference in the mean height of men and women, or if there is a difference in the mean scores of two different groups on a standardized test.
In summary, a two-population z-test is used when we have two independent samples, and we want to determine if the difference between their means is statistically significant. It is important to ensure that the assumptions are met before using this test.
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in pldc became a mandatory prerequisite for promotion to staff
Answers
PLDC has become a mandatory prerequisite for promotion to staff positions, ensuring individuals possess essential leadership skills and competencies.
In many organizations, Professional Leadership Development and Competency (PLDC) has become a mandatory prerequisite for promotion to staff positions.
PLDC refers to a structured program or training that aims to enhance the leadership skills, competencies, and professional development of individuals within an organization. The implementation of PLDC as a prerequisite for promotion to staff positions reflects the recognition of the importance of strong leadership qualities and competencies in driving organizational success.
By making PLDC mandatory for promotion, organizations aim to ensure that individuals being considered for staff positions have the necessary leadership skills and abilities to effectively manage teams, make strategic decisions, and drive organizational growth.
PLDC programs typically cover a range of topics such as leadership theories, communication skills, problem-solving, decision-making, team management, and strategic thinking. These programs provide individuals with the opportunity to develop and refine their leadership capabilities, equipping them with the necessary tools to handle the challenges and responsibilities associated with staff-level positions.
Making PLDC mandatory for promotion to staff positions also promotes a culture of continuous learning and professional development within the organization. It emphasizes the importance of ongoing skill enhancement and demonstrates a commitment to cultivating effective leaders from within the ranks.
Furthermore, by ensuring that individuals have undergone PLDC before assuming staff roles, organizations can have confidence in their leaders' ability to navigate complex situations, drive organizational goals, and effectively manage teams, contributing to overall organizational effectiveness and success.
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PLEASE HELP !!!
If you are not interested in a particular job, simply ignore efforts the company makes to contact you.
T OR F
Answers
It is false because it's important to maintain a professional and respectful attitude towards potential employers or the company, even if you're not interested in the job. Ignoring their attempts to contact you could harm your professional reputation and future job prospects.
A company is a legal entity that is formed to carry out business activities. It is usually created by a group of individuals who come together to achieve a common goal of providing goods or services to customers in exchange for money.
The purpose of a job provided by the company is to provide individuals with a means to earn a living, develop skills and experience, and contribute to society through their work.
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adam smith opposed government taxation and spending. true or false?
Answers
False. Adam Smith, an 18th-century philosopher and economist, did not oppose all government taxation and spending.
Economists are professionals who study how societies allocate resources to meet their needs and wants. They analyze economic data, create economic models, and make predictions about future economic trends. Their work is critical in informing policymakers, businesses, and individuals on how to make sound economic decisions.
Economists can specialize in various fields such as macroeconomics, microeconomics, international economics, public policy, and financial economics. They work in a variety of settings including government agencies, universities, research institutions, and private businesses.
Economists have a significant impact on our daily lives as their research informs decisions related to market taxation, healthcare, education, infrastructure, and many other areas. They play a vital role in shaping public policy, promoting economic growth, and creating a more prosperous society.
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Principles of Economics 03 (BMIM Group 2) Ay courses I 2022s-1.ECO1503,03 / Evaluations I Test 3-August 4 th When the overall wealth level of a country increases, assuming not related to price level change, it will cause a. no changes to AD curve b. left shift of AD curve c. a movement along AD curve d. right shift of AD curve
Answers
When the overall wealth level of a country increases, assuming it is not related to a change in the price level, it will cause a right shift of the Aggregate Demand (AD) curve. (option d)
The wealth level of a country refers to the total value of assets owned by individuals, businesses, and the government within that country. When the overall wealth level of a country increases, it implies that individuals and entities have accumulated more wealth and financial resources.
This increase in wealth typically leads to higher consumer spending, investment, and overall economic activity. As a result, there is an upward pressure on the Aggregate Demand (AD) curve, which represents the total demand for goods and services in an economy at different price levels.
A rightward shift of the AD curve indicates an increase in aggregate demand at each price level, reflecting the higher levels of consumption and investment resulting from increased wealth.
Therefore, the correct answer is d) right shift of AD curve when the overall wealth level of a country increases, assuming it is not related to a change in the price level.
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4. Which type of hedge fund focuses on isolating mispricings in foreign exchange markets? A. Fixed-income arbitrage hedge funds B. Global macro hedge funds C. Managed futures hedge funds D. Convertible arbitrage hedge funds
Answers
Hedge funds are investment funds that utilize pooled funds to invest in various financial instruments. The given options belong to different types of hedge funds.
Hedge funds are alternative investments that use pooled funds to invest in various financial instruments. Global macro hedge funds focus on generating returns from broad macroeconomic trends rather than company-specific insights or equity markets.
Managed futures hedge funds focus on futures and options markets, typically in commodities markets. Fixed-income arbitrage hedge funds focus on bond markets and exploiting the pricing difference between various bonds. Convertible arbitrage hedge funds aim to exploit pricing discrepancies between convertible securities and their underlying equities.
Thus, among the given options, the hedge fund that focuses on isolating mispricings in foreign exchange markets is global macro hedge funds. These types of hedge funds use a variety of instruments such as currency futures, forwards, options, and swaps to take positions in foreign exchange markets.
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What is an appraisal? Why is it usually included in the closing costs for buying a home?
Answers
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
Answers
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing
Which is better Canes or Zaxbys?
Answers
Write a discussion post about taxes and who they affect and how they affect markets. Please include your source article and your opinion about the article and the topic. Must be at least 2 paragraphs. Tell me about why you picked that reading, and how you think it affects you or your classmates/people. Tell me if you agree with it. You're not limited to what you must say-be creative.
Answers
This reading resonates with me as it sheds light on the real-world implications of tax policies. It helps me understand how taxation can shape economic outcomes and influence the well-being of individuals and society as a whole.
Discussion Post: The Impact of Taxes on Individuals and Markets
Taxes play a crucial role in shaping our economy and society. They affect individuals, businesses, and the overall functioning of markets. According to an article titled "The Effects of Taxes on Market Outcomes" by the Tax Policy Center, taxes impact various aspects of our lives, including income distribution, market efficiency, and government revenue.
Firstly, taxes have a direct impact on individuals. They affect the amount of disposable income available to households, influencing their purchasing power and consumption choices. For instance, higher income taxes may reduce the income available for spending, leading to decreased demand for goods and services. On the other hand, lower taxes can potentially stimulate consumer spending and boost economic growth. Moreover, taxes also affect businesses and markets. For example, corporate taxes can influence investment decisions and profitability. Higher corporate taxes may discourage firms from expanding, leading to reduced job opportunities and economic growth. Conversely, lower corporate taxes can incentivize business investments and stimulate market activity.
In my opinion, this article provides a comprehensive overview of how taxes impact individuals and markets. It highlights the complex relationship between taxes, economic outcomes, and public policy. Understanding the effects of taxes is crucial for informed decision-making and effective policy formulation. I agree with the article's emphasis on the need for a balanced approach to taxation, considering both the revenue needs of the government and the potential impact on market dynamics.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answers
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150
Which statements best explains how globalization offers an advantage to businesses
Answers
Answer:
Hello here's the answer!
Explanation:
A
C
D
E
your welcome! Brainliest if you liked the answer!
What type of pricing strategy involves consumers making a judgment about a product and its
quality based on its price compared with a similar product?
O reference pricing strategy
Oprice lining strategy
O fair price strategy
O odd pricing strategy
Answers
Answer: reference pricing strategy
Explanation:
What is the best definition of technology?
Technology is replacing human workers with mechanical or electronic devices.
Technology is applying scientific knowledge to find answers and fix problems.
Technology is using fewer resources to manufacture goods more efficiently.
Technology is hiring workers from all over the world to manufacture goods.
Answers
Answer:
technology is applying scientific knowledge to find answers and fix problems.
Explanation:
thats what i think. sorry if its wrong
Answer:
EDG: A-Technology is applying scientific knowledge to find answers and fix problems.
Explanation:
A store charges 7% sales tax. Which expression can be used to find the total cost of an item with a price of p? 0. 07p 0. 93p 1. 07p 7. 00p.
Answers
To find the total cost of an item with a price of p, the expression 1.07p can be used. This expression includes the original price of the item (p) and adds the 7% sales tax to calculate the total cost.
The expression 1.07p represents the original price (p) multiplied by 1.07. This accounts for the addition of the 7% sales tax to the original price. Multiplying p by 1.07 gives the total amount including the tax.
For example, if the price of an item is $10, multiplying it by 1.07 will yield $10.70, which represents the total cost including the sales tax. Therefore, the expression 1.07p correctly calculates the total cost of an item with the given sales tax rate of 7%.
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You are managing a large project for which your company may have to use several outside suppliers. The method and guidelines for managing these potential suppliers should be clearly defined in the:
Answers
The technique and suggestions for dealing with ability suppliers must be defined in the procurement control plan.
The procurement management plan is a report that outlines how procurement can be controlled, consisting of the technique for identifying capability providers, evaluating their proposals, and selecting the maximum suitable ones for the venture.
The plan should additionally element how contracts may be managed once they're in vicinity, along with how adjustments could be handled and how overall performance could be monitored.
By way of definitely defining those tips and processes, the procurement management plan facilitates ensure that the procurement process is conducted effectively, efficaciously, and in a manner this is steady with the dreams of the challenge.
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Taking money to allow someone to get what they want is a(n) ___ choice
ethical
unethical
neither
Answers
Answer:
its b, unethical
Explanation:
fix your grammer
Answer:
Unethical
Explanation:
Imagine yourself later on down the line knowing that you did something that you can't undo. Think before you react!!! People are challenged every day, but it's up to you to make that right decision.
if the authorized sources do not provide sufficient guidance, you should:
Answers
If the authorized authority does not provide sufficient guidance, you should refer to other sources for the assistance that you need.
Other officials that you may need for assistance may be the security manager and the government contracting authority.
The two authorized methods that are used to communicate the classification decisions are the
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Who heads each of the branches of federal reserve banks and looks after their functioning?
Answers
Answer: The chair of the board, governors of the federal reserve system is the chief of the federal reserve which is the central banking system of the United States.
Answer:
Board of Governors
Explanation:
1 số tên các doanh nghiệp độc quyền hoặc độc quyền nhóm ở Việt Nam
Answers
The marketing function that provides place utility or distribution from the producer to the consumer includes which of the following activities?
a. Advertising
b. Warehousing
c. Shipping
d. Inventory management
Answers
The marketing function that offers place utility or distribution from the producer to the consumer involves advertising, warehousing, shipping, and inventory management. Thus, all are the correct options.
What is the term marketing function means?Marketing is the process of discovering, constructing, and maximizing the value to meet the needs of a target market in terms of goods and services, which may include selecting a target audience; deciding which attributes or themes to emphasize in advertising; running advertising campaigns, and attending trade shows and public events. Buying, selling, shipping, storage, standardization and grading, financing, risk carrying, and distributing market knowledge are all examples of marketing functions. A list of marketing functions like this is better suited to tangible items.
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The adjusted trial balance of Indigo Corporation at December 31, 2017, includes the following accounts: Retained Earnings $16,651, Dividends $6,759, Service Revenue $35,644, Salaries and Wages Expense $13,785, Insurance Expense $1,799, Rent Expense $3,872, Supplies Expense $1,413, and Depreciation Expense $804.
Prepare an income statement for the year.
Answers
Answer:
$13,971
Explanation:
An income statement indicates the profit or loss a business makes in the financial period. Profits or loss is realized by subtracting expenses from revenue.
The revenue for Indigo Corporation is $35,644,
Expenses
Salaries and Wages Expense $13,785
Insurance Expense $1,799
Rent Expense $3,872
Supplies Expense $1,413
Depreciation Expense $804
Total expenses $21,673
Income will be
=$35,644 - $21,673
= $13,971
Retained Earnings and Dividends are part of company profits. They are not business income or expenses.
Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answers
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?
Answers
Answer:
see below
Explanation:
Personal selling is popularly known as a face to face selling or direct selling. In personal selling, the salesperson engages a potential customer in a conversation to persuade them to buy. This type of selling requires the physical presence of a salesperson engaging in a one-on-one conversation with the clients. Its success largely depends on the selling skills of the salesperson.
Non-personal selling is the use of advertisements to persuade customers to buy. There is no direct meeting between the seller and buyer; hence the term indirect, impersonal, or non-personal selling. Non-personal selling uses print media, broadcast media, and digital platforms to reach out to customers.
According to the video, what tasks do Librarians perform? Check all that apply.
A. supervising staff
B. writing stories
C. coordinating storytelling sessions
D. speaking at public events
E. dealing with angry customers
F. classifying materials
Answers
Answer: C and F
Explanation:
Answer:
Its I believe a,c, and f
Explanation:
your welcome
Lauren is the assistant store manager at a trendy clothing store. The store hires lots of seasonal employees. Lauren has little regard for the skill or ability of those she hires, and she is certain that few would come to work on time each day if it weren't for the fact that the store is known to fire any employee who fails to be on time. As a student of motivational theory, you would describe the management style of Lauren as
Answers
Answer: Theory X
Explanation:
As a student of motivational theory, the management style of Lauren is known as Theory X. Theory X is an authoritarian style.
Theory X managers believe that people are naturally unmotivated and therefore employees dislike their work and need to be rewarded or punished for them to work.
In this case, since Lauren has little regard for the skill or ability of those she hires and there's a punishment for those who doesn't come to work, then the theory X style used.