What reduces the amount of taxes on your income?
Answers
Contributing to a retirement account through an employer-sponsored plan or an individual retirement account is a useful approach to lower taxable income (IRA).
What Are the Best Ways to Lower Taxable Income?Among both individuals and business owners, how to reduce taxes is one of the most frequently discussed financial planning topics. For many, the Tax Cuts and Jobs Act (TCJAhigher )'s standard deductions resulted in tax savings (even though the TCJA did eliminate many other itemized deductions and the personal exemption).With a little planning, taxable income can be decreased even more.Contributing to a retirement account through an employer-sponsored plan or an individual retirement account is a useful approach to lower taxable income (IRA).Both flexible and health spending accounts contribute to a decline in taxable income during the year in which the contribution is made.For full- or part-time self-employed individuals, there are still a variety of deductions available to reduce taxable income.Your taxable income may be decreased by retirement savings.Please inquire with your workplace if they provide flexible spending programs.To Learn more About lower taxable income refer to:
https://brainly.com/question/18624843
#SPJ4
Related Questions
if a bond was issued at par, the quoted price of the bond will not necessarily equal the par value of the bond after issuance because: select one: a. time to maturity has shortened and interest has accrued. b. interest has accrued and the company is older. c. time to maturity has shortened and the company is older. d. market interest rates have changes and the company is older. e. market interest rates have changes and/or interest has accrued.
Answers
If a bond was issued at par, the quoted price of the bond will not necessarily equal the par value of the bond after issuance because interest has accrued and the company is older.
The correct option is b.
The amount the issuer pays the investor at maturity, also referred to as the face value or par value, is expressed in dollars. While the face value of a bond remains fixed, market fluctuations in interest rates can cause its price to change. Some bonds, such as zero-coupon bonds, are sold for less than their face value because they were issued at a discount.
Although it is not always the case, the par value and bond price at issue can be the same. Before a bond matures, its price may fluctuate over time. When this occurs, a bond's price is different from its par value. The bond's price is then frequently quoted at its face value. The correct option is b.
Learn more about par value at:
brainly.com/question/25766097
#SPJ4
The DuPont analysis disaggregates return on equity into profitability, efficiency and leverage components.
Select one:
True
False
Answers
True. The DuPont analysis, also known as the DuPont identity, is a financial ratio analysis framework that breaks down return on equity (ROE) into three components.
profitability, efficiency, and leverage. It allows analysts and investors to gain a deeper understanding of the factors driving a company's ROE. The profitability component of the DuPont analysis measures a company's net profit margin, which indicates its ability to generate profits from sales. The efficiency component examines the asset turnover ratio, which measures how effectively a company utilizes its assets to generate sales. Lastly, the leverage component looks at the equity multiplier or financial leverage, which assesses the degree of financial leverage used by a company. By dissecting ROE into these components, the DuPont analysis provides valuable insights into a company's overall performance and helps identify areas of strength and weakness.
Learn more about financial ratio here:
https://brainly.com/question/31531442
#SPJ11
The departmentalization that is notorious for confusion and conflict between project managers in different areas of the organization is ________.
Answers
The matrix system of departmentalization is notorious for confusion and conflict.
This is because team members have to report to two leaders under a matrix form of departmentalization. The team members have both a project manager as well as a departmental head. So this type of system will definitely lead to confusion.
The matrix form of departmentalization is against the traditional form of the boss-employee relationship. In those types of relationships, there used to be only one employee who had to report only to one boss. Now there is the same employee that has to report to two bosses. So definitely, this is going to lead to confusion.
So under the matrix type of departmentalization, there will definitely be conflicts between the project managers. This confusion and conflict will also be there between different areas of the organization. The plus point of the matrix system of departmentalization is that it will lead to innovations in the company or business.
Learn more about the matrix system of departmentalization here
https://brainly.com/question/7239611
#SPJ4
Debra wanted to know why 2008 was one of the worst years for share market investors in history? Please elaborate. (6 Marks). Q9B. What was the good news in 2008 in relation to Bond? (4 Marks).
Answers
Q9A. Debra wanted to know why 2008 was one of the worst years for share market investors in history because in 2008, there was a global financial crisis.
Q9B. In 2008, the good news was that bond prices generally increased, providing investors with positive returns.
Q9A. Debra wanted to know why 2008 was one of the worst years for share market investors in history. In 2008, there was a global financial crisis, which led to a significant downturn in the share market. This crisis was primarily caused by the collapse of Lehman Brothers, a major investment bank, and the subsequent ripple effects on other financial institutions.
The crisis resulted in a sharp decline in stock prices, causing many investors to suffer substantial losses. Additionally, there was a decrease in consumer spending, rising unemployment rates, and a decline in economic growth, further contributing to the negative impact on share market investors.
Q9B. In 2008, the good news was that bond prices generally increased, providing investors with positive returns. This was mainly due to the flight to safety phenomenon, as investors sought refuge in less risky assets like government bonds.
Central banks also implemented measures to lower interest rates, which further boosted bond prices. As a result, investors holding bonds saw their investments appreciate in value, providing some stability during a challenging period for the stock market.
Overall, while 2008 was a challenging year for share market investors, the bond market offered some positive news with increased prices and returns for bondholders.
To know more about financial crisis refer here:
https://brainly.com/question/32368340#
#SPJ11
Opportunity cost is best described by which of the following statements?
Choose 1 answer:
Choose 1 answer:
(Choice A)
The value of the next best option given up when making a decision
(Choice B)
The tradeoffs faced when choosing how to use a scarce resource
(Choice C)
The price to a consumer of a good or service
(Choice D)
The cost a buyer sees for something they want
(Choice E, Checked)
The monetary cost of any economic transaction
Answers
Answer:
The value of the next best option given up when making a decision.
Explanation: In Opportunity cost means what we give up to get it.
The worth of the next best choice foregone during decision-making. As a result, choice (A) is the right reaction.
What is opportunity cost?The value or gain that is given up in return for engaging in a certain activity as opposed to engaging in a different activity is known as the opportunity cost in microeconomic theory.
To put it another way, it means that by deciding on one path of action (like making an investment), you are giving up the opportunity to choose an other course of action. The best activity is regarded as the one that produces the maximum return among all others, after deducting opportunity costs.
The objective of opportunity cost, which illustrates the relationship between scarcity and choice, is to ensure efficient use of scarce resources. It accounts for all direct and indirect costs associated with decisions.
Hence, option (A) is accurate.
Learn more about opportunity costs, from:
brainly.com/question/13036997
#SPJ2
Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answers
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
Francis has the Standard Plan offered by his employer and is making an Office Visit to an in-network doctor to treat his flu-like symptoms. How much would Francis be asked to pay by the office manager in the doctor's office?
Answers
When Francis gets to the office of the doctor he is not going to have to pay any amount of money due to the standard plan.
Why would Francis pay 0 dollars for the standard plan?This is due to the fact that he is already covered by the insurance from the company that he works.
The plan requires one to pay pay some percentages for their health cost and the company that they work would pay some.
Read more on insurance here: https://brainly.com/question/25757822
A furniture manufacturer instituted a new strategy of producing custom-designed kitchen fittings rather than predesigned fittings. Although the amount of fittings produced by the company fell in the first few months that the new plan was implemented, management was quick to encourage the workers, pointing out that the custom fittings sold faster (and at a higher profit margin) than the predesigned fittings. What strategy is management using to overcome resistance to change in the move toward new patterns?.
Answers
The strategy that management is using to overcome resistance to change in the move toward new patterns is option C: Unfreezing.
What does management mean by unfreezing and refreezing?The initial unfreezing phase's main goal is to raise public awareness of the impending transition. The actual implementation takes place to facilitate the transition during the change stage. The objective of the last refreeze phase is to achieve stability and balance following the modification.
Therefore, in Unfreezing is the initial transitional stage and one of the most important ones in the complete change management process. By encouraging a realization for leaving the current comfort zone and entering a transformed scenario, it involves increasing people's preparedness and willingness to change.
Learn more about management from
https://brainly.com/question/15847712
#SPJ1
See options below
Question Options:
A. Benchmarking. B. Celebrating early wins. C. Unfreezing. D. Behavioral process orientation.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
A digital ID tag that collects data on consumers' buying habits related to a particular Internet address is known as a
Answers
Answer:
Cookie
Explanation:
Web tracking is a process by which website owners track activity of users to ascertain their browsing habits such as what they buy, products they regularly view, and so on.
Cookies are text files that store small pieces of data used in identifying a particular user's computer when a network is accessed.
A unique ID is tired on the cookie to track activity on the website.
The information gotten is used to improve user experience.
For example when a user makes a television purchase, advertisement of televisions can be sent. This allows the user expand more on their areas of interest.
You receive a text alert that you must fertilize 14 more acres in the next hour before it begins to
rain. What should you do?
A. Maintain current speed because you will be able to cover the additional acres in one hour.
B. Increase the engine speed to approximately 2,700 rpm to cover the additional acres in one
hour.
C. Increase speed to approximately 7.1 mph to cover the additional acres in one hour.
D. Increase to second gear to cover the additional acres in one hour.
Answers
Answer:
C
Explanation:
Increase speed to approximately 7.1mph to cover the additional acres in one hour
In june, cellars, inc. Collected $1,000 from a customer in advance. In july, cellars completed the first half of the job. In august, cellars completed the work. If cellars uses the cash basis of accounting, it will record revenues of ______.
Answers
If Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August for this transaction.
What is the cash basis of accounting?The cash basis of accounting is an accounting method whereby revenues and expenses are recognized when cash is received or paid out.
The cash basis is unlike the accrual basis of accounting. With the accrual basis, revenue is recognized when earned. Expenses are recognized when liabilities are incurred regardless of when cash payment is made.
Data Analysis:Cash Basis:
Cash $1,000 Deferred Revenue $1,000
Accrual Basis:
Cash $1,000 Deferred Revenue $1,000
July: Deferred Revenue $500 Service Revenue $500
August: Deferred Revenue $500 Service Revenue $500
Thus, if Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August.
Learn more about the cash and accrual bases of accounting at https://brainly.com/question/7331193
Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $ 219,000 $ 269,000 ? Administrative expenses $ 157,000 $364,000 Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 353,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 58,000 Ending $ 33,000 Raw materials Work in process 2 $ 29,000 Finished goods $ 37,000 ? The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $32,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Sales Cost of goods sold Gross margin 0 Selling and administrative expenses: Selling expenses Administrative expenses 0 Net operating income < Income Statement COGS Schedule >
Answers
a) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.
b) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.
c) The COGM schedule calculates the cost of goods manufactured by considering the beginning inventory balances, total manufacturing costs added to production, and the ending inventory balances.
a) Sales: Not provided in the given data.
Cost of goods sold: $663,000 (unadjusted cost of goods sold).
Gross margin: Not provided in the given data.
Selling expenses: $219,000.
Administrative expenses: $157,000.
Net operating income: $32,000.
b) COGS Schedule:
Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.
Total manufacturing costs added to production: $680,000.
Cost of goods available for sale: $725,000.
Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.
Unadjusted cost of goods sold: $663,000.
COGM Schedule:
Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.
Total manufacturing costs added to production: $680,000.
Cost of goods manufactured: $?,
Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.
for more such question on income statement visit
https://brainly.com/question/28936505
#SPJ8
Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answers
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
With regard to business definition, railroads may have lost business because they:
Answers
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
Learn more about Railroads here https://brainly.com/question/11433327
#SPJ1
Explain the difference between the elements of the communication process and the Communication process.
Answers
please gimme brainliest!
Answer:
seven
Explanation:
Seven major elements of communication process are: (1) sender (2) ideas (3) encoding (4) communication channel (5) receiver (6) decoding and (7) feedback.
Communication may be defined as a process concerning exchange of facts or ideas between persons holding different positions in an organisation to achieve mutual harmony. The communication process is dynamic in nature rather than a static phenomenon.
Every one clock this now please!
In your opinion who is better?
Technoblade
Ranboo
Dream
You will get brainlynest if you guess which is my favorite! :)
Answers
Answer:
ranboo he's so unproblematic and he's so funny
Explanation:
Answer:
I personaly like Tommyinnit, but from the list i like Dream.
Explanation: I think you like Ranboo.
How do long-term goals differ from short-term goals?
Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.
Answers
Answer:
2, long term goals require more preparation than short term goals.
Explanation:
You need to put a lot of thinking and preparation for long term goals.
Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.
What do you mean by short-term goals?Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.
Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.
You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.
Learn more about short-term goals, from :
brainly.com/question/7787473
#SPJ7
BUSINESS 1. Explain five advantages a firm would enjoy by engaging in prize winning competition as a method of sales promotion.
Answers
Answer:
I hope my answer is good!
1- Increased brand awareness: Prize-winning competitions can generate a lot of buzz and excitement, which can lead to increased brand awareness and visibility for the company.
2- Increased sales: By offering a prize, companies can incentivize customers to purchase their products or services, resulting in increased sales.
3- Customer engagement: Prize-winning competitions can also help companies to engage with their customers, as they are more likely to participate in the competition if there is a chance to win a prize.
4- Cost-effective: Prize-winning competitions can be a cost-effective way for companies to promote their products or services, as the cost of the prizes can be less than the cost of traditional forms of advertising.
5- Consumer data collection: Prize-winning competitions can also help companies collect valuable data on their customers, such as contact information, demographic information, and purchasing habits.
Answer: creates new things
Explanation:
creates word of mouth
creates a reason to ,creates a focused marketing approach, creates great revenue, creates a source of information
write the Express of following numbers. Three times x is 11 and 36
Answers
Answer:
3x + 11 = 32
Explanation:
In this case, expressing means creating an equation that describes
the sum of three times x and 11 is 32.
'Sum' refers to the total while 'is' refers to equals to.
therefore, the total of 3x and 11 = 32
i.e., 3x + 11 = 32
Scenario A
College graduates are moving back in with family in record numbers. They are waiting longer than previous generations to buy homes and start families. Data show downward trends in new home building, mortgage applications, and the birthrate. Multiple markets are complaining of falling demand. A national supplier of home goods permanently shut down. The media is calling babies born today part of the “baby bust generation.” Economists predict future school closings and labor shortages.
Would the Fed address the scenario with expansionary or contractionary policy? Explain.
What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.
What is a specific fiscal action that Congress might use in this scenario?
Answers
The Fed would address the scenario with an expansionary policy as this is the policy that stimulates demand.
The specific monetary action that the Fed can take in this scenario is decreasing the Fed Funds rate, to reduce interest rates on loans.
Congress can use the specific fiscal action by offering tax breaks to young people who buy houses.
How can demand be stimulated ?The Fed Funds rate is the rate that banks borrow from each other. If the Fed was able to decrease this rate, then it would lead to loan interest rates falling which would allow the young college graduates to be better able to buy homes and start families.
Congress for its part, can embark on the fiscal action of giving tax breaks to young college graduates who buy houses and start families. This would encourage them to buy houses knowing they will pay less taxes.
Find out more on monetary policy at https://brainly.com/question/2417605
#SPJ1
a residence door with a regular doorbell and peephole vs. a software-based facial recognition authentication method, such as Windows Hello, Apple’s Face ID, Android's Face Unlock…
For the topic above, answer:
What aspects of the physical artifact have informed the design of the digital application?
Are any aspects of the conceptual model confusing? Anything that did not translate well from physical to digital?
What new functionality was made possible in the digital version?
Name one affordance that exists on the physical artifact. Has it been preserved on the digital version? If not, name a new affordance present on the digital version.
For pair #3 only, use adversarial thinking to identify the tactics intruders might use to gain access to the residence/device.
Answers
Physical artifacts always serve as references in designing digital applications. The design of digital applications is often influenced by the physical artifacts or products that it aims to simulate. In this case, the residence door with a regular doorbell and peephole served as a reference.
in the design of software-based facial recognition authentication methods. One aspect that informs the design of the digital application is the physical form and features of the residence door. For instance, the digital application of a facial recognition system aims to identify a person’s face just as the peephole aims to reveal the identity of a person at the door.In terms of the conceptual model, there could be some aspects of confusion when transferring from the physical to the digital version.
For instance, there could be differences in how the facial recognition system recognizes people. On the physical artifact, humans identify people using different characteristics such as facial features, skin color, height, and body shape, while the digital version can only identify people by the facial features alone. The digital version may not be able to identify people in situations such as when they wear glasses or have heavy makeup.One of the new functionalities made possible in the digital version is the ability to recognize faces at a distance. Unlike peepholes, which have a limited field of view, digital applications can identify faces even from far distances.
To know more about references visit:
https://brainly.com/question/5850309
#SPJ11
As an Instruction Designer, write an Analysis Summary of a performance gap on the inability of teachers to prepare PowerPoint slides in lessons' presentation at the basic school level.
The final document must include:
1. Performance Assessment
2. Purpose Statement
3. List of Instructional Goals
4. Learners Analysis
5. Required Resources
6. Potential Delivery Systems (including cost estimates)
7. Project Management Plan
a. Core Instruction
b. Significant Constraints
c. Scheduled Tasks
Answers
Analysis Summary: Inability of Teachers to Prepare PowerPoint Slides in Lessons' Presentation at the Basic School Level
1.
Assessment:
The performance gap identified is the inability of teachers at the basic school level to effectively prepare PowerPoint slides for lesson presentations. This is assessed through observations of classroom presentations, interviews with teachers, and feedback from students regarding the quality and effectiveness of slide-based instruction.
2. Purpose Statement:
The purpose of this instructional design project is to develop a comprehensive training program that equips teachers with the necessary knowledge and skills to proficiently create engaging and visually appealing PowerPoint slides for effective lesson delivery.
3. List of Instructional Goals:
a. Develop teachers' understanding of the principles of effective slide design, including visual aesthetics, readability, and use of multimedia elements.
Learn more about aesthetics here:
https://brainly.com/question/28660977
#SPJ11
what are some corrective actions (or recommendations) to strengthen Louis Vuitton’s business? provide a brief justification (or an evidence) to support your explanation (long answer)
Answers
Answer:
Louis Vuitton (LV) had the prolific year 2014 because it continued to grow, despite changes in its market environment. The company has been responsive in its strategies and has maintained a long-term future (LVMH 4). Nevertheless, the company continues to face competitive challenges in the luxury product market. It faces the challenge of sustaining its performance amid the growing difficulties in penetrating new markets and the improvement in the activities by rivals to target its dominant market segment. The company follows a differentiation strategy.
The overall strategies are taken by LV also lead to changes in the parent company, as LV is the main revenue contributor to the LVMH group. The company has to sell to three main customer segments without jeopardizing its reputation in any of them. The segments are absolute, aspirational, and accessible. The absolute segment is very critical of customer care, product quality, and overall brand reputation. It also has the widest variation in preferences in the main global markets of LV. Besides, it has a substantial demand that has forced LV to reconsider many of its decisions that could have affected its performance in this segment. The aspirational segment has mixed characteristics while the accessible segment is less critical to brands and, therefore, most prone to sway to the competition. All the customer segments are collectively influenced by a great brand and product innovation strategy that LV has been exploring in the past few years (LVMH 34-56). The European monetary problems are easing, which should present a good environment for growth in the market (LVMH 5).
Social
The company has relied on leaders brought in by its parent company LVMH. It has also relaxed its use of in-house production resources in the past to focus on outsourcing (LVMH 54-55). However, the decision was reversed to save the company’s brand. Another problem is that the personal luxury business is growing in different directions in separate markets that LV serves. Its biggest market continues to be China, Europe, Japan, and the United States. Its Chinese market characteristics are different from those of Europe and Japan. However, the company has to meet the challenges of these markets without seeming to abandon any of its quality standards for customer service and product development. For example, it cannot discount products or follow noncompany-owned distribution models even when such strategies would significantly lead to a rise in revenues in the respective markets. These issues include a balance of the values and heritage of Louis Vuitton. The company has a 150-year reputation that it has to uphold while responding to the modern challenges of the business (Mahbubani 4).
Technological
The company has a limited product range, and the main products are more than a century old. The leather bag collection and the trunks with a five number combination lock have been in production since the late nineteenth century. They can rely on this technological reputation to defend their market share and appeal to the absolute and aspirational customer segments that are fixated on getting true luxury regarding uniqueness, heritage, quality, and visibility. The product line allows LV to claim that it is offering the most beautiful specimens of French manufacturing (Mahbubani 2). The exclusivity of the designs and their ruggedness are reputations that help the LV brand to sell to existing and new luxury customers. Customers get information and look up things or exchange views online, which is the way they shop. The behavior shapes the direction that LV is taking when differentiating its experience online. The company is building a following in social media channels to improve interaction with its brand. The digital platforms also use new forms of advertising to different niches like soccer fans (LVMH 11).
Which resource management activity identifies and verifies?.
Answers
Answer:
different kinds of buisness vary
Explanation:
The balanced scorecard only includes quantitative measures. true or false
Answers
The statement that the balanced scorecard only includes quantitative measures is FALSE.
The balanced scorecard is a strategic performance management tool that incorporates both quantitative and qualitative measures to assess the overall performance of an organization. It recognizes that financial metrics alone are not sufficient indicators of success and aims to provide a more holistic view of organizational performance.
The balanced scorecard typically consists of four perspectives: financial, customer, internal processes, and learning and growth. While financial measures such as revenue, profit, and return on investment are important, they are not the sole focus. Other non-financial measures, such as customer satisfaction, employee engagement, process efficiency, and innovation, are also considered.
For example, in the customer perspective, organizations may measure customer satisfaction through surveys, feedback, or net promoter scores. In the internal processes perspective, metrics like cycle time, defect rate, or process improvement initiatives may be included. The learning and growth perspective may include employee training, skill development, or knowledge sharing metrics.
By incorporating a mix of quantitative and qualitative measures, the balanced scorecard provides a comprehensive evaluation of an organization's performance and helps align strategic objectives across different areas.
Therefore, the balanced scorecard includes both quantitative and qualitative measures to evaluate organizational performance, making the statement that it only includes quantitative measures FALSE.
Learn more about balanced scorecard from the below link:
https://brainly.com/question/19259487
#SPJ11
Prompt What is an economy?
Answers
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
The two culture-building roles of a company's stated values and ethical standards are to:
A. communicate the company's good intentions and establish a corporate conscience.
B. confirm the integrity of company personnel and signal the above-board nature of the company's business principles and operating methods.
C. steer company personnel toward doing the right thing and convince outsiders that the company is socially responsible.
D. foster a work climate where company personnel share common and strongly held convictions about how the company's business is to be conducted and to provide them with guidance about how to do their jobs, steering them toward both doing things right and doing the right things.
E. provide a basis for designing culture-supportive incentive compensation plans and reinforcing the appropriateness of particular ethical and moral actions.
Answers
The two culture-building roles of a company's stated values and ethical standards are to steer company personnel toward doing the right thing and convince outsiders that the company is socially responsible.The answer is C.
Stated values and ethical standards provide a clear direction for employees to follow when faced with ethical dilemmas or difficult decisions. These values also signal to outsiders that the company is committed to behaving in an ethical and socially responsible manner.
When reinforced through consistent actions and behavior, these values can help create a strong company culture that prioritizes integrity, accountability, and responsible behavior. Additionally, they can serve as the foundation for designing incentive compensation plans and reinforcing the appropriateness of particular ethical and moral actions.
To know more about culture-building,refer to the link:
https://brainly.com/question/3860275#
#SPJ11
This equation will solve for the capital recovery equivalence?
CR(i)=I(A/P,i,N)-S(A/F,i,N)
TRUE OR FALSE?
Answers
TRUE. The given equation CR(i)=I(A/P,i,N)-S(A/F,i,N) is used to solve for the capital recovery equivalence.
Here, CR(i) represents the annual equivalent cash flow, I is the initial investment, S is the salvage value, A/P represents the present worth factor, A/F represents the capital recovery factor, i is the interest rate, and N is the number of years.
To solve for the capital recovery equivalence, we need to determine the annual equivalent cash flow that would result in an equivalent return on investment. This can be done by subtracting the annual capital cost from the annual revenue generated by the investment. The given equation provides a way to calculate the annual capital cost using the present worth and capital recovery factors.
Therefore, the answer to the question is TRUE. The given equation will solve for the capital recovery equivalence. However, it is important to note that this equation assumes a constant annual cash flow and may not be applicable in all investment scenarios.
To know more about recovery equivalence visit:
https://brainly.com/question/15232597
#SPJ11
What is NOT an advantage of being an entrepreneur?
Answers
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation: