iRobot has several internal resources and capabilities that can give them a competitive edge. Firstly, their patented technology and expertise in the field of robotics provide them with a unique advantage.
Additionally, they have a strong brand image and a loyal customer base that trusts and relies on their products.
iRobot also has a strong distribution network, with their products available in various retail and online stores globally
Using the VRIN analysis framework, we can determine that iRobot's resources are valuable, rare, inimitable, and non-substitutable. Thus, they have a competitive advantage.
Their patented technology and expertise in robotics are valuable, rare, and difficult to imitate, while their strong brand image and distribution network are non-substitutable.
Overall, iRobot has a strong set of internal resources and capabilities that provide them with a competitive advantage, making them a leader in the robotics industry.
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When a country that imports a particular good imposes an import quota on that good,
A. consumer surplus increases and total surplus increases in the market for that good.
B. domestic sellers and domestic buyers become worse off.
C. the domestic quantity supplied decreases.
D. consumer surplus decreases and total surplus decreases in the market for that good.
When a country that imports a particular good imposes an import quota on that good consumer surplus decreases and total surplus decreases in the market for that good.
The consumer surplus is the term which is used to measure of consumer welfare and is defined as the excess of social valuation of the products and services over the price actually paid.
The consumer surplus while taking into consideration the demand and supply curves. It is measured by the area of triangle below the demand curve and above is the observed price.
The country that imports a particular good imposes an import quota on that good by the consumer surplus decreases and total surplus decreases in the market for that good.
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
what is a perfect market?
Answer:
A Perfect market is
a market where the sellers of a product or service are free to compete fairly, and sellers and buyers have complete information: The internet has a big part to play in the creation of a perfect market. Compare. imperfect market.
Grace's hourly salary is $16. If grace works more than 40 hours a week, then Grace gets overtime pay at 1 and 1/2 times the regular hourly rate for each hour worked over 40 hours. Last week, Grace worked 42 hours. What was the total pay last week? *
Answer:
The correct answer is $688
Explanation:
According to the given scenario, the calculation of total pay last week is as follows:
Total hours worked is 42 hours out of which normal hours is 40 and 2 hours is overtime
So,
= 40 hours × $16 + 2 hours × ($16 + $16 ÷ 2)
= $640 + 2 hours × $24
= $640 + 48
= $688
hence, the total pay last week is $688
Inventory items with a cost of $3090 were excluded from ending inventory. These goods were in transit from Flores company to Barnes Company and were purchased FOB destination
Answer:
the journal entry to record this adjustment would be:
December 31, 202x, adjustment to merchandise inventory
Dr Accounts payable 3,090
Cr Merchandise inventory 3,090
When goods are purchased FOB destination, the title of the goods passes only after the goods have been delivered to the buyer. Also, freight costs should be paid by the seller. When goods are purchased FOB shipping point, the title of the goods passes after the goods leave the seller's dock, they are considered property of the buyer even if they haven't arrived yet. Freight costs are generally paid by the buyer.
What do you think is the main economic reason why businesses grow and fail and why?
Must be written in complete high school level sentences (at least five sentences)
Lack of capital, the retention of an inadequate management team, a deficient infrastructure or business model, and inefficient marketing techniques are among the most common reasons for small business failure.
What are the causes and reasons behind the failure of some business ideas?The fact that the action aspects are not implemented, regularly reviewed, or modified as required is the primary reason for their failure. Because of this, there is a lack of focus and direction. Moreover, it results in an energy loss. If no action is done, nothing can be achieved.
What motivates a business to grow?A growth in output, which encompasses both the creation of commodities and the delivery of services, as is widely known, results in the development of businesses. If people buy this goods, sales go up. When price is constant, sales will increase and sales income will increase as a result.
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Determine which of the following statements best describes the control principle as it relates to an accounting information system. Multiple choice question. The principle prescribes that management should verify all transactions before they are entered into the accounting system. The principle prescribes that an accounting information system have internal controls. The principle describes the U. S. GAAP rules of double entry accounting within an accounting system. The principle outlines the rules regarding when revenue should be recognized within an accounting system.
Answer:
The principle prescribes that an accounting information system have internal controls.
Explanation:
The statement which best describes the control principle as it relates to an accounting information system is that, the principle prescribes that an accounting information system have internal controls.
Answer:
The principle prescribes that an accounting information system have internal controls.
Explanation:
Because it is the "Correct Answer"
Which action was implemented in the Uruguay Round, finalized in December 1993?
a.
reduction in the protection for patents, trademarks, and copyrights
The action implemented in the Uruguay Round, finalized in December 1993, was a reduction in trade barriers and the creation of the World Trade Organization (WTO).
The Uruguay Round was a series of negotiations under the General Agreement on Tariffs and Trade (GATT) that resulted in significant advancements in global trade liberalization. The agreement aimed to reduce trade barriers, including tariffs and non-tariff measures, and establish new rules and disciplines for international trade.
While the Uruguay Round addressed various aspects of trade, including agriculture, services, and intellectual property, it did not specifically focus on the reduction of protection for patents, trademarks, and copyrights. Intellectual property rights were addressed separately in the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which was also part of the Uruguay Round and provided enhanced protection and enforcement of intellectual property rights globally.
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what is the term for when businesses produce goods and services that consumers do not want
Answer:
Productive (technical) inefficiency.
Explanation:
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet consumer demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Productive (technical) inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
Briefly explain economics
Answer:
The branch of knowledge concerned with the production, consumption, and transfer of wealth.
Explanation:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. The building blocks of economics are the studies of labor and trade.
The balanced scorecard approach involves considering all of the following, except:
a. The customer perspective
b. Employee satisfaction
c. The efficiency of internal business processes
d. An innovation and learning perspective
The balanced scorecard approach involves considering all of the following, except: b. Employee satisfaction.
Employee satisfaction refers to the level of contentment and fulfillment that employees feel in their jobs and with their work environment. It is an important aspect of organizational culture and can have a significant impact on employee engagement, retention, and productivity. When employees are satisfied, they are more likely to feel motivated, committed, and loyal to their organization. They are also more likely to be productive and to provide high-quality work. In contrast, when employees are dissatisfied, they may be less motivated, less committed, and less productive, and may even leave the organization. There are many factors that can contribute to employee satisfaction, including job security, compensation and benefits, opportunities for advancement and growth, work-life balance, job autonomy, and a positive work environment.
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why do you think people spend so much money on their wants despite the financial costs?
Some people spend so much money on their wants because they don't create a budget or just simply think about what they actually need. They also don't ask themselves if they can function in life without items that they want.
A budget is a calculation plan, commonly but not constantly economic, for a described period, regularly 365 days or a month. A finances may also encompass expected income volumes and sales, aid quantities consisting of time, fees and expenses, environmental impacts together with greenhouse gas emissions, other influences, belongings, liabilities and cash flows. corporations, governments, families, and different agencies use budgets to express strategic plans of activities in measurable phrases.[1]
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Wang Distributors has an annual demand for an airport metal detector of 1,421 units. The regular cost of a detector for Wang is $363. The storage cost is estimated to be 20% of the unit cost, and the cost of placing each order is $25. If Mr. Wang, the owner, orders quantities of 300 or more, the cost of one detector will be $365. Wang Distributors has a year of 250 business days. When a new order of detectors is made, the supplier takes 3 days to deliver it. Show your work.1. What inventory management model should we use to solve this problem?
Model Economic Quantity to Produce
Model Economic Quantity to Order
Model to handle dependent demand
Model for discount purchases
2. What is the optimal quantity of detectors that should be made in each order if purchased at full price? 3. What is the optimal quantity of detectors that should be made in each order if purchased at a discount price? 4. After validating the quantity of detectors that should be made in each order at the regular price, what would be the adjusted quantity? (If not to be adjusted, write the optimal quantity to order) 5. After validating the quantity of detectors that should be made in each order at the discount price, what would be the adjusted quantity? (If not to be adjusted, write the optimal quantity to order) 6. What is the total annual cost of managing inventory if purchased at full price? 7. What is the total annual cost of managing the inventory if it is purchased at a discount price? 8. What should be Wang's decision?
Not buying
buy discount
Produce instead of buy
Buy without discount
9. The policy of managing inventory that minimizes costs is when making _______orders.
detectors in each order.
10. The reorder point for the policy to be implemented is _________
units.
The inventory management model that should be used to solve this problem is the Economic Order Quantity (EOQ) model. The EOQ model is a widely used model for determining the optimal order quantity for a product.
It takes into account the cost of ordering, the cost of carrying inventory, and the demand for the product to determine the order quantity that minimizes total inventory costs.
2. The optimal quantity of detectors that should be made in each order if purchased at full price is 300. This is the EOQ for the product when the unit cost is $363.
3.The optimal quantity of detectors that should be made in each order if purchased at a discount price is 1,421. This is the EOQ for the product when the unit cost is $365.
4. The quantity of detectors that should be made in each order at the regular price does not need to be adjusted. The EOQ for the product is 300, and this is the quantity that minimizes total inventory costs.
5.The quantity of detectors that should be made in each order at the discount price does not need to be adjusted. The EOQ for the product is 1,421, and this is the quantity that minimizes total inventory costs.
6.The total annual cost of managing inventory if purchased at full price is $18,740. This includes the cost of ordering, the cost of carrying inventory, and the cost of the product.
7.The total annual cost of managing the inventory if it is purchased at a discount price is $17,695. This includes the cost of ordering, the cost of carrying inventory, and the cost of the product.
8.Wang should purchase the metal detectors at the discount price. The total annual cost of managing inventory is lower if the detectors are purchased at the discount price.
The policy of managing inventory that minimizes costs is to make 4.73 orders. Each order should contain 300 detectors.
The reorder point for the policy to be implemented is 90. This is the number of detectors that must be on hand before a new order is placed.
The EOQ model is used to determine the optimal order quantity for a product by minimizing the total cost of ordering, carrying inventory, and the cost of the product. The model takes into account the demand for the product, the cost of ordering, and the cost of carrying inventory.
In this case, the demand for the product is 1,421 units per year. The cost of ordering is $25 per order. The cost of carrying inventory is 20% of the unit cost, or $72.6 per unit per year.
The EOQ for the product when the unit cost is $363 is 300 units. This is the quantity that minimizes total inventory costs. The EOQ for the product when the unit cost is $365 is 1,421 units. This is the quantity that minimizes total inventory costs.
The total annual cost of managing inventory if purchased at full price is $18,740. This includes the cost of ordering, the cost of carrying inventory, and the cost of the product.
The total annual cost of managing the inventory if it is purchased at a discount price is $17,695. This includes the cost of ordering, the cost of carrying inventory, and the cost of the product.
Therefore, Wang should purchase the metal detectors at the discount price. The total annual
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state two reasons why newly born babies are out_doored only after some few days have passed
Answer:
TEMPERATURE, DISEASES, OR EXPOSED TO HARMFUL THINGS OUTSIDE
Explanation:
When each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt, this is called ______ liability.
The type of liability that is illustrated in this scenario is known as unlimited liability.
What is unlimited liability?It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.
In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.
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A hotel is part of what industry?
A.
Service
B.
Wholesaling
C.
Subcontracting
D.
Cottage
Please select the best answer from the choices provided
A
B
C
D
2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choice question. international-trade effect real-balances effect price-level effect interest-rate effect
Answer:
Explanation:
Hi
The price-level effect is regarded as a situation in which the purchasing power of the customer of its total accumulated savings balances.
How does price level affect the purchasing power of a person?Price level refers to an amount for which a certain product is available for sale. It is assumed that the savings of the consumer who is willing to buy does NOT change in the meanwhile.
If the price level of a product decreases, the net disposable income in the hands of a consumer will ultimately increase. Similarly, when the price level is higher, the net disposable income in the hands of the consumer is reduced, leading to a decrease in its purchasing power.
For example, when the savings of a person is 100 and the Product A costs 50 the consumer buys 2 units; When the prices are increased to 100, now the consumer can buy only 1 unit of Product A, indicating a decrease in the purchasing power of the person.
Hence, the price level effect is when the higher price level reduces the purchasing power of the public's savings.
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foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on the price of steel sold in the u.s., which causes the price of steel in the u.s. to substantially increase. this type of agreement:
This type of agreement is a violation of the Sherman Act.
A piece of antitrust law from the United States, the Sherman Antitrust Act of 1890, established the idea of unlimited competition between companies. It was authorized by Congress, and its main author is Senator John Sherman. The Sherman Act forbids "any contract, combination, or conspiracy in restraint of trade," as well as "every monopolization, attempted monopolization, conspiracy, or combination to monopolize." In order to avoid monopolistic alliances that impede trade and erode economic competition, the Sherman Antitrust Act was created in 1890. It prohibits both formal cartels and attempts to monopolize any sector of American commerce.
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Your mother asks you to review her mutual fund performance in her RRSP. You find that the fund holdings had a beta of about 1 and an active share near 0 relative to the TMX60 index. The fund reported a total return last year of 8.25% as compared to the TMX60 benchmark that earned 8%. The fund fees included front-end of 1%, a MER of 2% on end of period invested capital as well as 10% on anything above 5% total return. What was your mom’s performance after fees closest to?
4.12%
4.68%
4.925%
5.25%
6.25%
If Your mother asks you to review her mutual fund performance in her RRSP. The Mom's performance after fees is closest to 4.925%
How to solve for the performance after the feesCalculate the total return of the fund after fees:
Total Return = Fund Return - Fees
Calculate the fund return:
Fund Return = Benchmark Return + Active Return
Calculate the active return:
Active Return = Fund Return - Benchmark Return
We have to first solve the total expenses percentage. This is calculated as:
2% + 1% + (3.25%*10%).
Then the excess expenses is given as
Excess return = 8.25% - 5%
= 3% + 0.325%
= 3.325%
8.25% - 3.325%
= 4.925%
The actual performance calculation
Hence the actual performance will be
= 8.25% - 3.325%
= 4.925%
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The term performance quality refers to: Multiple Choice Customer satisfaction with the total experience of a product or service. The gap between product design specifications and actual performance of the product. The gap between actual performance of a product and customer expectations. Costs related to meeting customer demands and quality-related expectations. The difference between customer expectations (for attributes, services, functionality, etc.) and product design.
Answer:
The gap between product design specifications and actual performance of the product.
Explanation:
The term performance quality refers to the gap between product design specifications and actual performance of the product.
This ultimately implies that, a performance quality refers to a measure of the level at which the primary characteristics of a product that is being manufactured by a producer operates. Therefore, all the elements of the commitment made in a product that is to be sold to consumers by the producer is the performance quality of a product.
Hence, business firms or companies should endeavor to design a level of performance that is appropriate, effective and efficient to their customers, so as to increase the customer's level of satisfaction and enhance the chances of them using the product in the future.
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU1. What is the revised net operating income if unit sales increase by 12%? 2. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 19%? 3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 13%?
Answer:
the information about the company's income statement is missing, so I looked for a similar question (see attached image):
current contribution margin per unit = $3
current sales volume = 44,000 units
fixed expenses = $46,000
1. What is the revised net operating income if unit sales increase by 12%?
[(44,000 x 1.12) x $3] - $46,000 = $101,8402. What is the revised net operating income if the selling price decreases by $1.30 per unit and the number of units sold increases by 19%?
[(44,000 x 1.19) x $1.70] - $46,000 = $43,012
3. What is the revised net operating income if the selling price increases by $1.30 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 7%?
[(44,000 x 0.93) x $4.30] - $52,000 = $123,9564. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 13%?
[(44,000 x 0.87) x $4.60] - $46,000 = $130,088
development of regulatory mechanism in banking
Answer:
The development of regulatory mechanisms in the banking industry has been an ongoing process to ensure the stability and integrity of the financial system.
Explanation:
This includes the implementation of rules and guidelines for banks to follow, as well as the establishment of independent agencies to monitor and enforce compliance. Some examples of regulatory mechanisms in banking include the Basel Accords, which set international standards for bank capital and liquidity, and the Dodd-Frank Wall Street Reform and Consumer Protection Act, which introduced stricter regulations on banks in the wake of the 2008 financial crisis. The goal of these regulatory mechanisms is to protect consumers and investors, prevent financial fraud and abuse, and maintain the overall stability of the banking system.
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Europe wanted luxury products and exchanged the finished products for silver from what country?
Europe wanted luxury products and exchanged the finished products for silver from Bolivia and Mexico.
What is Trading?
Trading is the act of buying and selling financial items including stocks, bonds, currencies, and commodities, as opposed to investing, which suggests a buy-and-hold strategy. The ability of a trader to achieve long-term profitability is crucial to success in trading.
Henry has food but needs wool, in contrast to Liam who has wool but needs food. To please both of them, Liam and Henry will trade food for wool in order for Liam to get food and Henry to get wool. The pinnacle of trading is this.
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The research and development team of BB Beverages has discovered that, during the testing process, one of their highly profitable new beverages contains ingredients that may cause liver damage in humans if consumed regularly over time. Additionally, the team also acknowledged that the plant that manufactures this beverage draws healthy groundwater which could cause a water shortage in areas surrounding the plant. Based on these findings, management has halted its production of this beverage until a solution can be found that does not adversely affect its consumers and the environment. Given this decision, it is evident that BB Beverages embraces a ______ orientation.
Answer: Societal Marketing
Explanation:
Based on the information given in the question, we can deduce that BB Beverages embraces a societal marketing orientation.
Societal marketing orientation occurs when the marketing decisions that are made by companies benefutbthe society as a whole and that the satisfaction of their wants isn't at the detriment of the society.
This is shown when the activities of the company can being about a water shortage in areas surrounding the plant which led to the company stopping production.
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
What is a celebrity endorser?
Suppose the dealer incentive per vehicle for honda’s acura brand is thought to be bell-shaped and symmetrical with a mean of $3,200 and a standard deviation of $200. Based on this information, what interval of dealer incentives would we expect approximately 95% of vehicles to fall within?.
Based on this information, dealer incentives of approximately 95% of the vehicles fall within $2800 and $3600.
This is calculated by using empirical rule.
What is empirical rule?The empirical rule, often referred to as the 68-95-99.7 rule, is a shortcut used in statistics to remember the proportion of values that fall within an interval estimate in a normal distribution: 68%, 95%, and 99.7% of the values fall within one, two, and three standard deviations, respectively. When not all the data is accessible, the empirical rule is typically the main tool used to determine outcomes. When all the data are accessible, it enables statisticians or data analysts to understand where the data will fall. The empirical rule aids in gauging a data set's degree of normality.Therefore, according to empirical law, with a normal distribution, 95% are within two standard deviations.
We have,
Mean = $3,200
Standard deviation = $200
95% = mean ± 2 x standard deviation = 3200 ± (2 x 200) = (2800, 3600)
Hence, dealer incentives of approximately 95% of the vehicles fall within $2800 and $3600.
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