Under the document collection payment method, a bill of lading acts as the products' legal title.
What is bill of lading?A carrier must provide a shipper with a bill of lading, which lists the kind, quantity, and final destination of the goods being transported.A bill of lading is a contract between a shipper and a carrier, a receipt for shipping goods, and a document of title.The carrier, shipper, and receiver must all have authorized representatives sign this document, which must also be included with the shipping items.A bill of lading can aid in preventing asset theft if it is managed and examined appropriately.It's critical to select the correct bill of lading because there are various varieties.For instance, a logistics company wants to ship gasoline from a factory in Texas (shipper) to a gas station in Arizona using a large vehicle (recipient). After pouring the gas onto the truck, a plant representative and the driver sign the bill of lading.The truck driver requests that the gas station employee sign the agreement once the carrier delivers the fuel to the Arizona gas station.Hence, Under the document collection payment method, a bill of lading acts as the products' legal title.
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mention 5 functions of distribution channels
Answer:
movement of goods
information provider
negotiation
financing
risk taking
Explanation:
a distribution channel is a chain of businesses through which a good or service passes until it reaches to the final consumer. hope it helps
Movement of goods, information provider, negotiation, financing and risk taking are the five functions of distribution channels.
What is distribution channels?A product or service could travel down a distribution channel to reach the market. A direct distribution channel is defined. A corporation can sell to customers directly through a direct distribution channel, which is typically a website or physical store.
Wholesalers, retailers, distributors, and the Internet are examples of distribution channels. The manufacturer sells directly to the customer through a direct distribution channel. Before the product reaches the customer, indirect routes use a number of middlemen.
Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients. Unhappy customers and a subpar service may result from a firm failing to find the best group of businesses for this reason.
Thus, Movement of goods, information provider, negotiation, financing and risk taking.
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n which type of communication does the salesperson help customers find the best solutions to their personal or business needs?
The type of communication that involves a salesperson helping customers find the best solutions to their personal or business needs is known as consultative communication. This type of communication involves the salesperson asking questions and actively listening to the customer's responses in order to understand their needs and preferences.
The salesperson then uses their expertise and product knowledge to recommend the best solutions to meet those needs. Consultative communication is often used in industries where the products or services being sold are complex or require customization to meet the customer's needs. By using consultative communication, the salesperson is able to build trust with the customer and create a long-term relationship based on meeting their unique needs. Overall, effective communication skills are crucial in consultative selling, as it involves active listening, clear and concise explanation of product features, and building a strong rapport with customers.
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The type of communication in which a salesperson helps customers find the best solutions to their personal or business needs is known as consultative selling.
In this approach, the salesperson takes a problem-solving approach and asks questions to understand the customer's needs, challenges, and goals. And the salesperson recommends the best solutions and provides personalized advice to help the customer make an informed decision. Consultative selling is effective in building trust and long-term relationships with customers, as it shows that the salesperson is genuinely interested in helping them succeed. The salesperson helps customers find the best solutions to their personal or business needs. This type of communication involves active listening, understanding customer requirements, and offering tailored solutions to meet those needs, ultimately creating a win-win situation for both parties.
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__________ utility is the benefit marketing provides by allowing the consumer to own, use, and enjoy the product.
Answer:
Possession
Explanation:
POSESSION UTILITY can be defined as the type of Utility in which a person derived a value for owning a product reason been that POSSESSION UTILITY give such person who purchased a product the right to own the product by enabling such person to possess the ownership of the product and to use the product . Example a person who purchased a car bought it for the purpose of driving it around which means that such person has the POSSESSION UTILITY to own the car , drive the car and enjoy the car thereby deriving a value for owning the car .
During the closing process, the closing entries to individual expense accounts will be recorded with a _________ to reduce the account balance to zero
During the closing process, the closing entries to individual expense accounts will be recorded with a credit entry to reduce the account balance to zero.
The closing process is a necessary step in the accounting cycle to prepare the books for the next accounting period. One of the objectives of the closing process is to reset temporary accounts, such as revenue and expense accounts, to zero for the upcoming period. This process involves transferring the balances of these temporary accounts to the permanent accounts (such as retained earnings) and closing the temporary accounts.
Expense accounts represent costs incurred by a business during the accounting period. To close these accounts and reduce their balances to zero, a credit entry is made. By recording a credit entry to an expense account, it decreases the balance of the account and brings it to zero.
Closing entries are typically made at the end of the accounting period after all the revenue and expense transactions for that period have been recorded. The closing process ensures that the revenue and expense accounts start with zero balances in the next accounting period, allowing for accurate tracking of the financial performance in each period.
During the closing process, the closing entries to individual expense accounts are recorded with a credit entry. This credit entry reduces the account balance to zero, effectively closing the expense accounts for the accounting period. By resetting the temporary accounts to zero, the business can start the next accounting period with a clean slate and accurately track its financial performance.
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(consider this) ticket scalping is likely to:
a. creates economic gains for both buyers and sellers.
b. reselling a ticket at a price above its original purchase price.
c. pricing tickets so high that an athletic or artistic event will not be sold out.
d. an event is not likely to be sold out.
e. the demand for tickets has fallen between the time tickets were originally sold and the event takes place.
Ticket scalping is likely to result in, reselling a ticket at a price above its original purchase price. While this may create economic gains for the sellers, it can also lead to negative consequences such as pricing tickets so high that an event is not sold out, or creating an unfair advantage for those who can afford to pay inflated prices. The correct option is b.
Ticket scalping, also known as ticket reselling, is the act of buying tickets for events such as concerts, sports games, or theater performances, and then reselling them at a higher price. This is typically done by individuals or companies who purchase tickets in bulk, often using automated bots, with the intention of making a profit by selling them at a markup.
Ticket scalping has been a controversial practice for many years. Supporters of scalping argue that it is a legitimate market activity that allows people to buy and sell tickets at prices that reflect the true demand for the event. They argue that scalping provides an incentive for people to purchase tickets early and helps ensure that tickets go to those who are willing to pay the most.
However, critics of scalping argue that it is unfair to consumers and harms the event industry. They argue that scalpers often use unfair and deceptive practices, such as using automated bots to buy up large quantities of tickets and then resell them at a markup.
They also argue that scalping makes it difficult for ordinary consumers to purchase tickets at face value, driving up prices and making it difficult for fans to attend popular events.
The correct option is b.
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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.
List the five most common functions of business reports for an
organisation that manufactures electric cars for 1, 2 or 4
passengers. Name the users and the stakeholders involved in each
function.
The five most common functions of business reports for an organization that manufactures electric cars for 1, 2, or 4 passengers, along with the users and stakeholders involved.
Are as follows: Sales and Marketing Analysis:
Users: Sales and marketing teams, executives.
Stakeholders: Customers, dealerships, investors, shareholders.
Production and Inventory Management:
Users: Operations managers, production teams.
Stakeholders: Suppliers, logistics partners, investors.
Financial Performance Evaluation:
Users: Finance department, executives.
Stakeholders: Investors, shareholders, lenders, regulatory authorities.
Quality Control and Product Development:
Users: Quality control teams, research and development teams.
Stakeholders: Customers, regulatory authorities, investors.
Sustainability and Environmental Impact Assessment:
Users: Environmental compliance teams, sustainability managers.
Stakeholders: Regulatory authorities, customers, environmental organizations, investors. These functions and their corresponding reports serve different purposes and cater to various users and stakeholders within and outside the organization. By analyzing these reports, decision-makers can make informed choices, assess performance, ensure quality, drive innovation, and address sustainability concerns in the manufacturing and marketing of electric cars.
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Booher Book Stores has a beta of 0.6. The yield on a 3-month T-bill is 4% and the yield on a 10-year T-bond is 8%. The market risk premium is 4.5%, and the return on an average stock in the market last year was 13%. What is the estimated cost of common equity using the CAPM
The estimated cost of common equity using the CAPM for Booher Book Stores is 6.7%.
To calculate the estimated cost of common equity using the CAPM, we use the following formula:
Cost of Common Equity = Risk-Free Rate + (Beta x Market Risk Premium)
First, we need to find the risk-free rate, which is given as the yield on a 3-month T-bill, i.e., 4%.
Next, we need to find the market risk premium, which is given as 4.5%.
The beta of Booher Book Stores is given as 0.6.
Finally, we need to find the expected return on the market, which is given as 13%.
Now, we can plug these values into the formula to find the estimated cost of common equity:
Cost of Common Equity = 4% + (0.6 x 4.5%)
Cost of Common Equity = 4% + 2.7%
Cost of Common Equity = 6.7%
Therefore, the estimated cost of common equity using the CAPM for Booher Book Stores is 6.7%.
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The total accumulated value of foreign-owned assets at a given time is called the __________ of fdi.
The total accumulated value of foreign-owned assets at a given time is called the Stock of FDI.
A foreign enterprise or project that receives a foreign direct investment (FDI) from a foreign investor, business, or government.
The phrase is typically used to indicate a commercial move to buy a sizable portion of a foreign company or to expand operations to a new area. Typically, the phrase is not used to refer to a single stock investment in a foreign company. Because it establishes strong, long-lasting ties between economies, FDI is a crucial component of global economic integration.
When considering a foreign direct investment (FDI), businesses or governments typically look for target companies or projects in open economies that have a competent labour force and above-average growth potential for the investor.
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Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment
Answer:
markeing
Explanation:
communication skills, credentials, honesty
According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400
Answer:
$175
Explanation:
The change in non-cash working capital that would appear on the cash flow statement is calculated as:
Increase in accounts receivable -$800
Decrease in inventories $350
Decrease in prepaid expenses $225
Increase in accounts payable $400
______
Change in Non-Cash Working Capital --) $175
Hope my answer is helpful :)
The net change in non-cash working capital that would appear on the cash flow statement is $175.
Increase in accounts receivable ($800)
Add Decrease in inventories $350
Add Decrease in prepaid expenses $225
Add Increase in accounts payable $400
Change in Non-Cash Working Capital $175
Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.
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Choose one of the finance careers that was mentioned in this section’s reading (investment banker, trader, private wealth manager, and FP&A analyst). Do some additional outside research to find out specifically what an entry-level job in this role would look like. Describe a scenario in which a person or company is coming to you for financial help or advice. Describe that scenario in detail. What skills would you need to learn to provide that financial advice? Be creative and try to think of scenarios different than your classmates.
Oversees financial forecasts, planning, and management. produces financial models and variance analysis reports. oversees the monitoring of the financial performance in real time. any financial problems to management.
What is financial performance?Financial performance is a gauge of how effectively a company can utilize resources from its main line of business and generate income. The phrase is also used as a broad indicator of a company's long-term financial stability.
Financial performance is compared by analysts and investors between similar companies in the same industry or between industries or sectors as a whole. Indicators of financial performance are quantitative criteria used to gauge a company's performance.
No one metric should be used to assess a company's financial performance. The balance sheet, the income statement, and the statement of cash flows are financial statements that are used to assess overall financial performance.
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Intro A payday lender offers 7 day loans at 7.7% discount interest per week. For example, if you borrow $100. you only receive $92.3 initially and must pay back $100 after 7 days 18 - Attempt 1/10 for 10 pts. Part 1 What is the effective annual rate on the loan? No decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the APR on the loan? 2+ decimals Submit
The payday loan with a 7.7% discount interest per week has an effective annual rate of approximately 602.9% and an APR of 4%.
Part 1: To calculate the effective annual rate on the loan, we need to consider the compounding effect of the discount interest rate over a year.
The loan is offered at a discount interest rate of 7.7% per week. Since there are 52 weeks in a year, we can calculate the effective annual rate as follows:
Effective Annual Rate = (1 + Weekly Interest Rate)^52 - 1
Given that the weekly interest rate is 7.7% or 0.077, we can substitute it into the formula:
Effective Annual Rate = (1 + 0.077)^52 - 1
Calculating the value, we find:
Effective Annual Rate = (1.077)^52 - 1
The effective annual rate is approximately 602.9%.
Part 2: To calculate the APR (Annual Percentage Rate) on the loan, we need to consider the nominal interest rate over a year.
The loan has a discount interest rate of 7.7% per week. Since there are 52 weeks in a year, we can calculate the APR as follows:
APR = Weekly Interest Rate * 52
Given that the weekly interest rate is 7.7% or 0.077, we can substitute it into the formula:
APR = 0.077 * 52
Calculating the value, we find:
APR = 4%
Therefore, the effective annual rate on the loan is approximately 602.9% and the APR is 4%.
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Explain the concept of scarcity, choice and opportunity cost
Answer:
The opportunity cost of any choice is the value of the best alternative that had to be forgone in making that choice.
T/F jaheem, who owns a hardware store, uses an income statement to show his revenue and expenses over the past three years to potential investors.
Jaheem, who owns a hardware store, uses an income statement to show his revenue and expenses over the past three years to potential investors. This statement is false.
What is income statement?One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements.
The revenue, costs, profits, and losses incurred by a corporation during a specific time period are the main topics of the income statement. An income statement, also referred to as the profit and loss (P&L) statement or the statement of revenue and expenses, offers important information about a company's operations, the effectiveness of its management, underperforming industries, and its performance in comparison to peers in the same industry.
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Which type of promotion would you use to attract customers quickly with the help of coupons, samples, and free gifts?
(blank) is a way of promoting your products and attracting customers quickly with the help of free coupons, vouchers, samples, and gifts.
Answer:
Sales promotion
Explanation:
Sales promotions refer to the persuasive activities of convincing potential customers to buy a product. The objective of a sales promotion is to boost sales volumes. The tactics used in a sales promotion are designed to have a short term effect. However, a business may acquire long-term customers through sales promotion techniques.
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Answer:
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Explanation:
in which organizational document are an organization's rules and regulations usually stated?
An organization's rules and regulations are usually stated in its "Employee Handbook" or "Policy Manual."
These documents provide employees with information about the organization's expectations for their behavior and performance, as well as the consequences for violating these expectations. The handbook typically includes policies on issues such as attendance, dress code, harassment, discrimination, social media use, and more.
The handbook is an important resource for employees to refer to when they have questions about company policies or need guidance on how to handle a particular situation. It also serves as a legal document that can protect the organization in the event of an employee dispute or lawsuit. For these reasons, it is important that the handbook is up-to-date, clear, and comprehensive, and that all employees are given a copy and understand its contents.
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the variability of the dollar value of an asset (invested overseas) depends on
The variability of the dollar value of an asset invested overseas is influenced by exchange rate fluctuations, economic conditions, country-specific risks, and asset-specific factors. The variability of the dollar value of an asset invested overseas depends on several factors:
1. Exchange Rate Fluctuations: The primary factor influencing the variability of the dollar value of an overseas asset is the fluctuation in exchange rates between the domestic currency (in this case, the dollar) and the currency of the country where the asset is located. Exchange rates can be influenced by various economic, political, and market factors, causing the value of the asset to change when converted into dollars.
2. Economic Conditions: The economic conditions of the country where the asset is located play a significant role in determining its value. Factors such as GDP growth, inflation rates, interest rates, and political stability can affect the performance of the asset and, consequently, its dollar value.
3. Country-Specific Risks: Each country has its own set of risks that can impact the value of investments. These risks include political instability, regulatory changes, legal issues, economic policies, and social unrest. These factors can introduce uncertainty and volatility into the value of the asset.
4. Asset-Specific Factors: The characteristics of the asset itself can also contribute to its variability. Factors such as the industry it belongs to, market demand, competition, company performance, and management effectiveness can all affect the value of the asset.
In summary, the variability of the dollar value of an asset invested overseas is influenced by exchange rate fluctuations, economic conditions, country-specific risks, and asset-specific factors. These factors interact with each other and can lead to fluctuations in the asset's value when measured in dollars.
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A category of persons who have similar opportunities to obtain economic resources, power, and prestige and who are ranked high and low in relation to each other is called:
A category of persons who have similar opportunities to obtain economic resources, power, and prestige and who are ranked high and low in relation to each other is called a **social class**.
Social class refers to a system of stratification in society where individuals or groups are grouped together based on their socioeconomic status, which includes factors such as income, occupation, education, and wealth. Different social classes exist within a society, and individuals within these classes share similar opportunities and experiences in terms of economic resources, power, and social standing.
Social class can have a significant impact on individuals' lives, including access to education, healthcare, employment opportunities, and overall quality of life. It often plays a role in determining social mobility and the distribution of resources and opportunities within a society.
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if a nation has a comparative advantage in the production of x, this means the nation: group of answer choices must give up less of other goods than other nations in producing a unit of x. has a production possibilities curve identical to those of other nations. is not subject to increasing opportunity costs. cannot benefit by producing and trading this product.
If a nation has a comparative advantage in the production of x, this means the nation must give up less of other goods than other nations in producing a unit of X.
What is Production?
The process of creating or manufacturing goods and products from raw materials or components is known as production. In other words, production takes inputs and transforms them into a consumable output - a good or product of value to an end-user or customer.
Basic production systems are classified into three types: batch systems, continuous systems, and project systems. General-purpose equipment and methods are used in the batch system to produce small quantities of output (goods or services) .
Development, pre-production, production, post-production, and distribution are the five stages of film production. Each phase serves a distinct purpose, with the overarching goal of progressing to the next and, eventually, distribution. Each stage is different in length, and different roles are appropriate for each stage.
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Which company was formerly known as the computing-tabulating-recording company? ibm.
The company formerly known as the computing-tabulating-recording company was IBM.
Who founded IBM?
CTR company was replaced by IBM in the year 1889 and was founded by Herman Hollerith at the end of the 1800s.
IBM was incorporated as a computing-tabulating-recording company in the year 1911.
It was a merger of three minor entities namely, a computing company, tabulating company, and a recording company that was engaged in the manufacturing of punch-card tabulators and various other products.
Therefore, IBM was formerly known as a computing-tabulating-recording company (CTR).
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Why is money management important? How would you rate your own money management?
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
According to O*NET, what are the two most common levels of education Loading Machine Operators earn? Check all that apply associate degree high-school diploma or equivalent some college, no degree less than high-school diploma. HELP!
Answer:
B D
Explanation:
Trial and error
Answer:
B and D
Explanation:
2. analyzing occupancy rates as you can see from the article in the prior problem, "rents hit all-time highs amid job growth and low vacancy rates," some people move out as a result of rent increases, while others are ready to pay an even higher rent. rent control adds yet another aspect by setting a ceiling on what the rental price can ultimately rise to. the supply and demand model can be used to illustrate the mechanism that leads to all these different market outcomes. consider the market for rental properties in los angeles and orange counties in southern california. suppose that while average earnings increased by about 10% in los ang
The demand for rental apartments and flats would increase, rent would go to an all-time high, and let's assume that average earnings in Los Angeles increased by around 10%.
What is meant by a pricing ceiling?The imposed maximum price a seller is allowed to keep for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers. Price ceilings are typically established by law. In short, a price cap is a form of pricing control.
Who stands to gain from a price cap?The product will benefit those who are able to purchase it at the reduced price set by the price ceiling, but suppliers of will be in loss.
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How does Ana spend her time in seedfolks?
Answer:
B
Explanation:
Got it right on edg 2020
influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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. Why does Starbucks Coffee consider internal leadership such an important part of its core business process?
Answer:
Starbucks Coffee consider internal leadership an important aspect of its core business because it understands and appreciates the idea of planning for one's own succession.
Explanation:
Internal Leadership can be defined as an ability to oneself. Many times it is a neglected aspect of leadership, but a leader who knows how to lead himself have thriving possibility to lead others as well.
Starbucks Coffee is considered one of the companies in which people like to work. It is because Starbucks Coffee has given much importance to the aspect of internal leadership development. This aspect is usually overlooked in many companies but is accepted and adopted by Starbucks Coffee. The company understands that everyone has right to plan for one's own succession and thus keeps itself prepare for top-level-successors. The company provides an environment growth and becoming a successful leader to the educated employees that come for work in the company.
how would you take advantage of the arbitrage opportunity if the 8-month forward prie of euro were 1.564
You need to balance a number of moving parts in order to take advantage of an arbitrage opportunity, which requires more than just trend prediction. You must be able to recognize and respond to the interactions between market demand, capacity, product availability, and a company's current commitments in order to make decisions about arbitrage trading.
What is Arbitrage opportunity?
Any time a stock, commodity, or piece of currency can be bought at one price on one market and simultaneously sold at a greater price on another, arbitrage can be used. The circumstance offers the trader the chance to benefit without taking any risks.
Risk arbitrage is still available to the majority of retail traders notwithstanding the drawbacks of pure arbitrage. Although engaging in this kind of arbitrage involves some risk, it is typically referred to as "playing the odds." Here, we'll look at a few of the most popular types of arbitrage that are accessible to retail traders.
In the US, arbitrage trading is not only permitted but also favored because it increases market efficiency. Arbitrageurs also perform a vital function by acting as middlemen and supplying liquidity on various markets.
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