What is a credible threat or promise?
Answers
A credible threat or promise is a statement or action made by one party that is believed by another party to be genuine and capable of being carried out.
In other words, a credible threat or promise is one that is perceived as real and likely to be executed, either as a result of the party's reputation or demonstrated ability to follow through.
In negotiations or conflicts, credible threats can be used to influence the behavior of the other party, by creating a sense of fear or apprehension about the consequences of not complying.
A credible promise, on the other hand, can be used to build trust and rapport with the other party, by demonstrating the ability and willingness to fulfill commitments.
For example, in a business negotiation, a supplier may make a credible threat to take their business elsewhere if their terms are not met, while a buyer may make a credible promise to provide regular orders in exchange for favorable pricing. In both cases, the credibility of the statement is key to its effectiveness in achieving the desired outcome.
Overall, a credible threat or promise is a powerful tool in negotiations, as it can influence the behavior of the other party and create a sense of accountability and responsibility. However, it is important to use such tactics judiciously, as overuse or misuse can lead to a breakdown in trust and damage the relationship between parties.
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Related Questions
Business markets differ in many ways from consumer markets. The main differences are in ________, __________, and __________.
Answers
Business markets differ in many ways from consumer markets. The main differences are in market structure, demand, and consumer.
The industrial market (also known as the producer or business market) is the set of all people and organizations that acquire merchandise and services that enter into the assembly of different products or services that square measure sold, rented, or provided to others.
This is everything you wish to understand regarding the styles of market segmentation: demographic, geographic, psychographic, behavioral, needs-based and transactional.
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1. Define business organisation 2. write short notes on the following a. sole proprietorship b. Population - census
Answers
Answer:
A business organization is an entity or firm that is formed to carry out commercial activities
A sole proprietorship is a business organization or entity owned by an individual only.
Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.
Which TCF checking account fee is the most expensive?
Answers
Answer:
Explanation: it’s o stop payment fee
Susan invested $50,000 and Bill invested $150,000. Why did Susan have a higher balance at the age of 65?
Answers
The reason Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
What is an Investment?An investment refers to an act of dedicating an asset for the hope of attaining an increase in value over a period of time.
In this case, even with lower investment value, Susan will be able to have higher balance because she invested for longer period than Bills.
In conclusion, Susan had a higher balance at the age of 65 is because she invested earlier than Bill.
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Identify four economic benefits of hosting a rugby world cup
Answers
Answer:
yes ,i think that answer
Accepting the kind of criticism that can help you grows a trait of people with _____
Answers
Answer: self-esteem
Explanation: took the quiz.
who do you contact if you have questions about repayment plans?
Answers
Answer:
Contact the Department of Education's (ED) Office of Federal Student Aid (FSA) if you have questions about your loans or payments.
Explanation:
mark me brainliest
Answer:
the Department of Education's (ED) Office of Federal Student Aid (FSA) ***
If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a) 2. (b) 3, (c) 4,
(d) 9.
Answers
Answer:
2
Explanation:
suppose you are the general manager of a business. supply a separate strategy for each of the following challenges that may arise in the micro environment of the business.
1. The product design team in the marketing department cannot reach consensus on the new product idea and as a result conflict arises
2. When the financial department of the business prepared the financial statements for year end, they realised that the business does not generate sufficient profit to keep the shareholders happy.
3. The general manager requested audit reports from the administration department, but the administration department cannot find the audit report complied by an external accounting firm
Answers
Answer:
uts all really esay and i dont know how it works
Which type of power steering system uses a belt to transfer mechanical
energy from the engine to the power steering pump?
A) HPAS
B) EPAS
C) Both A and B
D) Neither A nor B
Answers
The type of power steering system that uses a belt to transfer mechanical energy from the engine to the power steering pump is the A) HPAS.
What is Hydraulic Power Steering?Hydraulic Power Steering can be described as the engine-driven accessory drive which is been turned on by the activities of the engine and help to turns on the pump .
It should be noted that there is directs high-pressure power steering fluid with the control valve, however among the given options, the Hydraulic Power Steering do utilize the effect of the mechanical energy from the engine and the output of it.
Therefore, option A is correct.
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HPAS power steering system uses a belt to transfer mechanical energy from the engine to the power steering pump. Thus, option A is correct.
What is power steering?Power steering shows the change in vehicle power. It is concerned with the vehicles that are present at the front. This helps in easily changing the direction of the vehicle.
The hydraulic power steering system minimizes the work needed to spin an automobile wheel by adding a particular degree of force toward the impact load. This helps in easy control and navigation of the vehicle.
Therefore, option A is the correct option.
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Suppose that electricity producers create a negative externality equal to $6 per unit. Further suppose that the government imposes a $8 per-unit tax on the producers. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?.
Answers
In the given situation, the correct option is (B) the after-tax equilibrium quantity is greater than the socially optimal quantity.
What is the after-tax equilibrium?The tax has the effect of shifting the quantity toward a position where the difference between the before-tax demand and the before-tax supply equals the tax. A tax raises a buyer's price by more than the tax itself. Similarly to that, the price the seller receives decreases, but only slightly.So, when the costs of production or consumption activities to third parties outweigh their benefits, this is referred to as a negative externality.
Pollution is one instance of a practice that produces a bad externality.Taxation is one method of reducing externality.While there is a $6 negative externality generated, there is an $8 tax. While there would be a $6 negative externality produced, the tax would result in an $8 decrease in the equilibrium quantity.Then, The after-tax equilibrium quantity is greater than the socially optimal quantity.
Therefore, in the given situation, the correct option is (B) the after-tax equilibrium quantity is greater than the socially optimal quantity.
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Complete question:
Suppose that electricity producers create a negative externality equal to $6 per unit. Further, suppose that the government imposes a $8 per-unit tax on the producers. What is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
a. They are equal.
b. The after-tax equilibrium quantity is greater than the socially optimal quantity.
c. The after-tax equilibrium quantity is less than the socially optimal quantity.
d. There is not enough information to answer the question.
The culture of a country in which a facility is located has an important influence on human resource management (HRM) practices. Other important factors are the education and skill level of a country's labor markets, its political-legal system, and its economic system.
When a company operates in many different countries, its HR managers need to develop expertise in each country's economic system and political-legal system and gain knowledge about the education and skill levels of the country's workers. HR practices, such as performance management, hiring and recruiting, compensation, training, and policies that reflect the laws and regulations to which the company is subject, all impact its HRM decisions.
This activity is important because these factors affect a company's HRM strategies, which is critical in an age of increasing globalization.
The goal of this activity is to determine which factor most strongly influences human resource management in international markets.
Read each action taken related to an HR policy, then select the appropriate factor to which it most closely pertains.
1. The Japanese subsidiary reduced the emphasis on individual performance evaluations because performance was based on a collective rather than on an individual outcome.
2)2. Changes in European Union employment laws prevented the French subsidiary from implementing its downsizing strategy as planned.
3. The availability of low-cost, high-quality engineers caused the company to move its Asian resource and development center from Tokyo to Shanghai.
4. To encourage workers from capitalist countries to move to countries under socialist systems, such as Poland, the company needed to ensure that those expatriates would keep more of their earnings.
5. The Dutch subsidiary increased hiring and also expanded operations as a result of the availability of high-caliber scientists.
6. The process for filing evaluation forms for employees in the German subsidiary was redesigned because German law allows Germans the right to see their own personnel files.
7. The Russian subsidiary struggled to get employees to pursue advanced science degrees because, under communism, the tie between level of education and salary increases was not common.
8. Collaboration between the Chinese and British subsidiaries collapsed due to differences in the prevailing communication styles in the two countries.
Options
a)Cultural
b)Political -Legal
c)Education and Skills
d)Economic System
Answers
Answer: Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
Explanation:
Cultural factor are the beliefs, values and the traditions that affects an organization.
The political-legal factor refers to the policies and the laws in place which affect a business.
Education and skills are the skills that are possessed by an individual and their level of education which has an impact on a business.
Economic system refers to the way through which societies organize and distribute the resources in the economy.
Based on the above definition, the answers to the questions will be:
1. Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
Identify 3 duties you would expect an accountant to perform
Answers
Explanation:
• Examine statements to ensure accuracy.
• Ensure that statements and records comply with laws and regulations.
• Compute taxes owed, prepare tax returns, ensure prompt payment.
- improve businesses efficiency where money is concerned
- make best-practices recommendations to management
Please I need help on this Question! 10 POINTS***
Answers
Answer:
I would say answer number 3. Debit cards access money in your account and credit cards are like a loan.
Explanation:
My reasoning for this is debit card you have the amount you put on it no more and no less. With credit cards you can use money that you do not have and you can pay it back later.
Mamel expects his research and development team to use creative thinking and develop new
ideas. Creating an environment where this is encouraged shows a high degree of value for
O team orientation
O aggressiveness
Ostability
innovation and risk taking
Answers
Answer:
innovation and risk taking
Explanation:
Mamal being a research expert develops a plant to give his team more exposure by allowing them to take risks and thick out of the box in an innovative manner and hence tries to develop creative thinking in his teammates. This leads to innovativeness and encourages higher thinking. Thereby leading to the development and growth of the organization and is able to meet its research objectives.the wto may support trade barriers when it discovers that
Answers
a government reported the following transfers in its governmental funds statement of revenues, expenditures, and changes in fund balances: (1) a transfer from the general fund to a special revenue fund in the amount of $500,000; (2) a transfer from the general fund to an enterprise fund in the amount of $400,000; (3) a transfer from the general fund to a permanent fund in the amount of $100,000. the amount that would be shown as a transfer out in the governmental activities column in the statement of activities would be:
Answers
The amount that would be shown as a transfer out in the governmental activities column in the statement of activities would be $1,000,000.
Transfers are reported in the statement of activities in the governmental activities column, and they are classified as either operating transfers or non-operating transfers. Operating transfers are transfers that are made between funds that are similar in nature, such as transfers from the general fund to a special revenue fund. Non-operating transfers are transfers that are made between funds that are different in nature, such as transfers from the general fund to an enterprise fund.
In this case, all three transfers are operating transfers, so they would all be reported in the operating transfers section of the statement of activities. The total amount of operating transfers would be $500,000 + $400,000 + $100,000 = $1,000,000.
Therefore, the answer to the question is (1).
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A student needs to have $65,000 in four years. What amount must she invest today if her investment earns 4% annual interest, compounded quarteny? Draw a timeine to ituatrate the probiem.
(Click the icon to view the Fulure Walue of $1 table,)
(Cick the icon to vew the fresent Value of $1 table)
(Cick the icon to view the Future Value of an Ordinary annuty due table.)
(Click the icon to vew the Present Value of an Ordinary annuty table.).
(Cick the icon to yiew the Future Value of an Annuty Due table.)
(Click the loon to view the Present Value of an Annuty Due table)
What is the present value of your investment? (Use the present value and future vake tables, a financial calculator, a spreadsheet or the formula mothod for your eslaisticns. if using prestent arda future value tables or the formula method, use factor amounts rounded to five decimal places, X.×000×X. Round your final answar to the nearest cont, $×××x )
The present value of your investment is
Answers
The present value of your investment is $55,255.56.
To calculate the present value of the investment, we can use the formula for the present value of a future amount compounded quarterly:
PV = FV / (1 + \(r/n)^{(n*t)\)
Where:
PV = Present Value
FV = Future Value
r = Annual interest rate (as a decimal)
n = Number of compounding periods per year
t = Number of years
In this case, the student needs to have $65,000 in four years. The annual interest rate is 4% (0.04), and the compounding is done quarterly, so there are 4 compounding periods per year.
Plugging in the values into the formula:
PV = $65,000 / (1 + \(0.04/4)^{(4*4)\)
PV = $65,000 / (1 + \(0.01)^{16\)
PV = $65,000 / \((1.01)^{16\)
PV = $65,000 / 1.174618
PV ≈ $55,255.55
Therefore, the present value of the investment is approximately $55,255.55.
However, since we need to round the final answer to the nearest cent, the present value of the investment is $55,255.56.
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Imagine you are in charge of purchasing for a large business. What qualities would you look for when selecting suppliers? Describe at least three qualities and explain why each is important.
5 sentences
Answers
Before choosing a supplier, it's crucial to check off the following vital boxes: communication, cooperation, profile data, cost, and supplier quality.
What is supplier?A supplier in business is a person or a company that provides retailers and distributors with high-quality products and services from manufacturers at competitive prices. Deliverables from them come in the form of raw materials, which manufacturers then transform into finished goods that are ready for sale. Anyone who provides, sells, offers or exposes for sale, leases, distributes, or installs any biological or chemical substance or any plant to be utilized at a place of employment is referred to as a supplier.The materials' transportation is handled by suppliers. A business cannot consistently provide its own customers with high-quality goods or services if it does not have strong relationships with its suppliers.It doesn't necessarily follow that a supplier can deliver on their claims for mass production just because they show you a few excellent product samples.Learn more about suppliers here:
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please hurry!! Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In at least two to three paragraphs, write an analysis of these opportunities that answers the following questions. What are the true risks of each investment, and do the companies accurately describe these risks? What are the potential returns of each investment, and do the companies accurately describe these returns? Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? please be original
Answers
Answer:
Pima Financial
Explanation:
Pima Fiancial Trading is the best investment because they do not claim, unlike Earll Investments, that a high reward is always available with little risk. This is nearly never the case because the higher the risk the higher the reward. Pima Financial Trading's graph rises steadily while Earll's fluctuates heavily. So Pima Financial is the best choice.
Looking at the given question, one can analyse that Pima Financial Trading is best because they do not offer high reward with little risk.
What is investment opportunity?Investment opportunity refers to tangible and intangible offerings that are given, sold or traded in order to earn profit or appreciation.
Thus, we can see that Pima Financial Trading has a steady rise in their trading graph.
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if real gdp in 2005 is $8,000 billion and the price level is 125, what is nominal gdp in 2005?
A) $10,000 billion. B) $9,200.5 billion. C) $6,830.6 billion. D) $5,000 billion
Answers
$10,000 billion is the nominal GDP in 2006 if real GDP in 2005 is $8,000 billion and the price level is 125 .
Nominal GDP is the gross domestic product (GDP) that has not been adjusted for inflation. Current price estimates of GDP are calculated by taking into account the values of all the products and services produced during the current reporting period.
Nominal GDP is the raw data in current dollars, without the effects of inflation. Real GDP adjusts the figures by fixing the value of the currency, erasing any distortion brought on by inflation or deflation. The nominal GDP uses current market prices or values to calculate a country's annual production of goods and services. Real GDP counts both goods and services without taking inflation into account.
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Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
Answers
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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As head of Credit at Sibasa Corporate Bank, you’re negotiating pricing with a customer who insists on an interest rate of 12.5% on the proposed short-term credit facility. The customer is interested to know the implied PD in this rate, if the one-year treasury bill rate is 7.5%.
Answers
Based on the implied credit spread of 5%, we can estimate the implied PD to be 2%.
We can use the idea of credit spread to calculate the implied probability of default (PD) at the interest rate offered by the customer. The credit spread is the additional return that investors need to receive to offset the risk of default. We can calculate the implied PD by comparing the customer's suggested interest rate with the risk-free rate.
In this example, the customer is requesting a short-term credit facility with an interest rate of 12.5%, while the one-year Treasury bill rate is 7.5%. The credit spread is the difference between these rates.
Credit Spread = Customer's Interest Rate - Risk-Free Rate
Credit Spread = 12.5% - 7.5% = 5%
The relationship between credit spread and PD can be determined by looking at historical data or market customs. Assume a PD of 2% translates into a credit spread of 5%.
So we can calculate the implied PD of 2% using an assumed credit spread of 5% as a base.
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use the marketing mix chart or the 4 P's of marketing and explain a current car or musician and write four sentences are more describing each of four p's
Answers
Answer:
The product is a car, the BMW X1
Explanation:
Product: BMW X1, a sports car that is a compact four door SUV, that can go from 0 to 60 mph in 6 seconds.
Price: the starting price of this model $35,400. It is not a cheap car, but it is one of the cheapest models that BMW has to offer.
Place: the car can be evaluated, and bought through BMW's website, although most customers will obviously prefer to buy it in person, in order to test drive. For this reason, the car is sold at most BMW dealerships.
Promotion: this is a car for the upper-middle class, so advertisements tend to cater to that specific demographic group.
6. Consider the perfectly competitive spice market. At the equilibrium price, the elasticity of market supply is 0.15 and the elasticity of demand is 2.71. An increase in production costs cause the market PRICE of spices to rise by 3%. What is the percentage change in market QUANTITY?
Answers
An increase in production costs cause the market PRICE of spices to rise by 3%. The percentage change in market quantity is approximately 2.841%.
To calculate the percentage change in market quantity, we use the formula:
Percentage change in quantity = (Elasticity of demand / (Elasticity of demand + Elasticity of supply)) * Percentage change in price.
In this case, the elasticity of demand is 2.71 and the elasticity of supply is 0.15. Given that the price increased by 3%, we substitute these values into the formula:
Percentage change in quantity = (2.71 / (2.71 + 0.15)) * 3% = 0.947 * 3% = 2.841%.
Therefore, the percentage change in market quantity is approximately 2.841%.
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Whoosh Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars. Of the variable expenses, 68% is cost of goods sold, while the remaining 32% relates to variable operating expenses. The company sells each carton of calendars for $16.50.
Requirement:
1. Compute the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven.
2. Compute the dollar amount of monthly sales Fast Spirit Calendars needs in order to earn $312,000 in operating income.
3. Prepare the company's contribution margin income statement for June for sales of 455,000 cartons of calendars.
4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales?
5. By what percentage will operating income change if July's sales volume is 11% higher?
Original volume (cartons)Add: Increase in volumeNew volume (cartons)Multiplied by: Unit contribution marginNew total contribution marginLess: Fixed expensesNew operating incomevs. Operating income before change in volumeIncrease in operating income Percentage change
Answers
The number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.
Breakeven1. Number of cartons
Number of cartons=fixed expenses/contribution margin per carton
Number of cartons=1095000/(16.5-6.5)
Number of cartons=109500
2. Target sales in dollars
Contribution margin ratio=contribution margin per carton/sales price per carton =
Contribution margin ratio=(16.5-6.5)/16.5
Contribution margin ratio=.61
Target sales in dollars=(fixed expenses + target operating income)/ contribution margin ratio
Target sales in dollars=(1095000+312000)/.61
Target sales in dollars=2,306,557
3. Contribution margin income statement
Sales revenue 7,507,500
(16.50x455,000)
Cost of goods sold 5,105,100
(6.50x455,000x68%)
Operating expenses 2,402,400
(6.50x455,000x32%)
Contribution margin 4,550,000
[(16.5-6.5)×455,000]
Fixed expenses 1095000
Operating income 3,455,000
(4,550,000-1,095,000)
4. Margin of safety (in dollars)
Sales revenue - sales revenue at breakeven = margin of safety ( in dollars) - ( sales price per carton x breakeven cartons) = margin safety in dollars
Margin safety in dollars=7,507,500-(16.5x109500)
Margin safety in dollars=7,507,500-1,806,750
Margin safety in dollars=5,700,750
Operating leverage factor =Contribution margin/operating income
Operating leverage factor =4,550,000/3,455,000
Operating leverage factor =1.316
Operating leverage factor =1.32 (Approximately)
5. Operating income
Operating income increase=Sales volume x operating leverage factor
Operating income increase=11%x1.32
Operating income increase=.1452
New volume=Original volume + increase in volume
{[455,000+45,500 x(16.5-6.5)]-1095000}-3,455,000
=[500,500x10)-1095000]-3,455,000
=(5,005,000-1095000)-3,455,000
=3,910,000-3,455,000
=455,000
455,000/3,455,000
=0.132
Inconclusion the number of cartons of calendars that Fast Spirit Calendars must sell each month to breakeven is 109500.
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Medicare is a government program funded by tax dollars to:
A-provide health insurance to children in a recount
B-provide health insurance to working adults
C-provide hospital insurance for those over 65
Answers
Answer: C
Explanation: Trust me
The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
Answers
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
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Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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Both the demand curve and the supply curve are straight lines. If the price is $4 but only 6 units are bought and sold, consumer surplus will be.
Answers
Based on the demand and supply curves, the price, and the units bought and sold, the producer surplus would be $18.
This can be calculated as:
= Area of producer surplus
= (Length x Width) + 0.5 x (Base x Height)
Solving gives:
= ( 6 x ( 4 - 2)) + (0.5 x ( 6 x 2))
= 12 + 6
= $18
Producer surplus measures the gain to dealers of taking part in a marketplace. it's far measured as the quantity a dealer is paid minus the fee of production. For a character sale, producer surplus is measured as the difference between the market charge and the fee of manufacturing, as shown on the supply curve.
The customer surplus refers to the difference between what a client is inclined to pay and what they paid for a product. The producer surplus is the difference between the marketplace fee and the lowest fee a producer is willing to just accept to produce a great.
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