If a firm wants to reduce demand and has insufficient capacity, the correct action to be taken would be to consider priority systems for the most desirable segments.
This means that the firm would prioritize serving customers who are most important to their business, such as those who are more likely to make repeat purchases or those who spend more money.
Taking no action would not address the issue, while increasing prices or encouraging use in other time slots may not necessarily reduce demand and could potentially alienate customers.
Override for most desirable segments may not be feasible if the firm does not have enough capacity to accommodate all customers. Therefore, implementing a priority system would be the most effective solution.
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Do you think it is true that one person can make a difference? Why or why not?
"price" in the statement of the law of supply refers to:
In the law of supply, "price" refers to the market price, which is determined by supply and demand.
In economics, the price refers to the amount of money or another commodity that is required to purchase a product or service. In simple terms, the law of supply refers to the quantity of goods that a seller or manufacturer is willing and able to sell at a certain price level.
The statement of the law of supply states that as the price of a good increases, the quantity supplied of the good will also increase, assuming all other factors are held constant.This means that if the price of a product rises, the suppliers will be more motivated to produce more of it.
This is because they will be making more profit by selling the product at the higher price. On the other hand, if the price falls, suppliers will be less motivated to produce the product. This is because they will be earning less profit from selling the product at a lower price.
As a result, the relationship between price and quantity supplied is direct. Higher prices usually lead to an increase in the quantity supplied of goods, while lower prices usually lead to a decrease in the quantity supplied of goods. This relationship is fundamental to the law of supply.
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Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
the ability and willingness to buy specific quantities of a good at alternative prices in a given time period, ceteris paribus, is the definition of
Ceteris paribus, the concept of demand is the ability and willingness to purchase particular quantities of a good at various prices within a specified time frame.
According to the law of demand, the quantity of a good is demanded in inverse proportion to its price, so that while other factors remain constant, when the price of the good increases, the quantity demanded of the good decreases. Conversely, when the price of the good decreases, the quantity demanded of the good increases.
The readiness and desire of a buyer to buy a product at various prices are referred to as demand for a thing. The consumer's willingness to buy the product should be supported by their ability to do so.
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Which parts of your business are not profitable?
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.4.2. Why do you think capital is important?
Answer:
Capital is important because it's that part of an asset that can be used to repay its depositors, customers, and other claimants in case the bank doesn't have enough liquidity due to losses it suffered in its operations. Capital also helps the bank in times of a liquidity crisis.
Which of the following is true of small business owners?
A. the work business owners do requires little physical stamina.
B. the business owner starts with a business plan.
C. the business owner need to know little about management and finance. D. it's easy for most business owners to find a marketable idea.
Answer:
B
Explanation:
I mean, hopefully, they made a business plan lol. If you don't plan out your business right, you'll have a hard time making it become successful without a good plan.
What is savings?, How can you save in a bank? And why is it important?
Explanation:
Savings are the money one has saved, especially through a bank or official scheme.
You can save in a bank by frequently depositing money into a bank account.
Savings are important for the availability of money during emergencies or to avoid going into debt to pay for your necessities.
which result would you expect from a u.s. import quota on foreign automobiles? which result would you expect from a u.s. import quota on foreign automobiles? fewer domestic jobs in the automobile industry less foreign automobiles entering the u.s. lower automobile prices for u.s. customers more foreign automobiles flowing into the u.s.
Higher automobile prices for U.S. customers is expected from a u.s. import quota on foreign automobiles.
In the American auto market in 1980, Japanese automakers were crushing Detroit's "Big Three." Japanese businesses had created the world's most effective manufacturing techniques and produced the highest-quality cars after decades of extensive state assistance.
American automakers ran the prospect of insolvency and massive layoffs if they didn't have the time and money to retool. In order to buy Detroit time to retool, President Ronald Reagan negotiated a limit on Japanese imports. This large foreign investment stimulated a new industrial base in the South, which resulted in the creation of hundreds of thousands of American jobs.
Import supply is decreased by the import quota. As a result, prices in the home country climb above what many other nations may be willing to pay for a thing where there are no artificially placed limits on goods. This decreases the overall natural supply of goods in the country.
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An executive that Colantuono worked with said this about the mentoring that he gave to two people, a man and a woman: “I helped the woman build confidence, I helped the man learn the business, and I didn’t realize that I was treating them any differently.” How does this statement make you feel? Do you think that your feelings are influenced by whether you are a male or female? Explain your answer
From the sentence that the executive has made here, the feeling that I got is that mentoring of people can be done in different aspects as well as capacities.
I believe that the feelings that people have are influenced based on their gender. The male seem to have a stronger control over their feelings than the females.
What is meant by mentoring?A senior and junior employee will most frequently engage in mentoring, which is a reciprocal and collaborative at-will relationship, for the mentee's growth, learning, and career advancement.
A mentoring is a relationship between two people in which the person with greater contacts, experience, and knowledge is able to impart their knowledge to a more inexperienced person in a certain sector. The mentor is the more experienced person, and the mentee is the less experienced one.
A mentor may provide advice, inspiration, and emotional support to a mentee (or protege), as well as knowledge about his or her own career path.
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What is one of the best ways to avoid credit problems? A. Use your credit as often as possible. B. Apply for as many credit cards as you can. C. Pay your credit bills on-time each month. D. All of the above
Answer:
d. all of the above
Explanation:
they all make sense
___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely
Selective demand is demand for a Group of answer choices general type of product. new product. particular brand. competitor's product. service.
Selective demand refers to the demand for a particular brand or product, as opposed to a general type of product or service.
It is often driven by factors such as brand reputation, quality, features, and benefits, and can be influenced by marketing and advertising efforts aimed at promoting that specific brand or product. While there may be some level of competition with other brands or products, selective demand focuses on the unique selling proposition and value proposition of a specific brand or product.
Selective demand is demand for a particular brand. In this context, it means that consumers are specifically choosing one brand over others within the same general type of product. This choice is often influenced by factors such as brand reputation, quality, and marketing efforts.
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What best describes an effect of the 2007 financial crisis? Responses a. The recovery was not immediate, and it was unequal. b. The wealth disparity between income groups decreased. c. Homeowners benefited from rising house values.
d. Banks had little debt and were willing to make loans.
The response that best describes an effect of the 2007 financial crisis is: a. The recovery was not immediate, and it was unequal.
The 2007 financial crisis, also known as the Global Financial Crisis (GFC), had a profound and lasting impact on the global economy. It resulted in a severe economic downturn and had various effects. One of the main consequences was that the recovery from the crisis was not immediate, and it was characterized by significant disparities among different segments of society.
The crisis led to job losses, declining asset values, and tightening credit conditions, which had a more significant impact on lower-income groups and vulnerable populations. The recovery process was slower for these groups, exacerbating wealth inequality and income disparities.
Option b, ""The wealth disparity between income groups decreased,"" is incorrect because the financial crisis actually widened the wealth gap due to the uneven distribution of losses and the disproportionate impact on lower-income households.
Option c, ""Homeowners benefited from rising house values,"" is incorrect because the housing market was one of the main triggers of the crisis, and many homeowners experienced declining property values, foreclosures, and difficulties in accessing credit.
Option d, ""Banks had little debt and were willing to make loans,"" is also incorrect. The financial crisis was largely driven by excessive risk-taking and high levels of debt within the banking sector. Banks faced significant losses, tightened lending standards, and were less willing to provide loans during the crisis and its aftermath.
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Many of the skills required of a graphic designer can be learned.
True
False
A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes pancreatic cancer. This is an example of:
Answer:
The precautionary principle
Explanation:
Influencers, deciders, and gatekeepers are examples based on segmentation
by.
A. type of organization
B. type of industry
C. location
D. role in the buying center
What is a file manager? Give an example the file manager is a user medium platform interface
Answer:
The Android File Manager app helps users manage and transfer files between the smartphone's storage and a computer. ... The Android operating system allows you to remove apps quickly if you no longer use them or to make room for additional files without having to connect the phone to your computer.
Explanation:
In what type of economy do people officials determine the 3 basic economic questions?
A 6.60 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 7.4 percent. You believe that in one year, the yield to maturity will be 6.9 percent. What is the change in price the bond will experience in dollars?
Answer:
The price will increase by $44.67
Explanation:
Price of the bond now
Use following formula to calculate the price of the bond
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Where
F = Face value of the bond = $1,000
C = Coupon payment= $1,000 x 6.60% = $66
n = Number of periods = 15 years
Market Rate = 7.4% annually
( Assumptions:
Face value of the bond is $1,000
Coupon payments ares made annually )
Placing values in the formula
Price of the Bond = $66 x [ ( 1 - ( 1 + 7.4% )^-15 ) / 7.4% ] + [ $1,000 / ( 1 + 7.4% )^15 ]
Price of the Bond = $928.94
Now calculate the price after one year
Where
F = Face value of the bond = $1,000
C = Coupon payment= $1,000 x 6.60% = $66
n = Number of periods = 15 years - 1 = 14 years
Market Rate = 6.9% annually
( Assumptions:
Face value of the bond is $1,000
Coupon payments ares made annually )
Placing values in the formula
Price of the Bond = $66 x [ ( 1 - ( 1 + 6.9% )^-14 ) / 6.9% ] + [ $1,000 / ( 1 + 6.9% )^14 ]
Price of the Bond = $973.61
Change in price = $973.61 - $928.94 = $44.67
A firm has a machine it can sell for $50,000. The book value of the machine is $20,000 at the moment. If the firm sells the machine today, what is the tax implication from the sale? assume that the tax rate is 40%.
The book value of the machine is $20,000 at the moment.The tax implication from the sale is 12,000.00
Tax implication from the sale = ($50000 - $20000)*40%
Tax implication from the sale = $30,000 * 40%
Tax implication from the sale = 12,000
Now, as there is a lot of capital gain, so that means the enterprise will have to pay taxes of 12,000.
The book value of a employer is the internet distinction among that agency's overall property and overall liabilities, wherein ebook price displays the full fee of a business enterprise's property that shareholders of that enterprise could get hold of if the agency were to be liquidated.
Book value is the price of an asset consistent with its balance sheet account balance. For property, the value is based at the unique value of the asset less any depreciation, amortization or impairment expenses made towards the asset.
The book value offers you a honest concept of what the organisation is really worth, in economic phrases. It indicates the quantity that you stand to get, in case of a organisation's liquidation. If the ebook fee of a employer is higher than its marketplace cost, it manner that its stock rate is undervalued. that is a fundamental guideline of fee investing.
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which of the following would make a person well suited for entrepreneurship?
a. prefers to follow others on projects
b. likes making decisions
c. doesn't like people
d. likes to work regular hours
APEX
Entrepreneurs likes making decisions because they are their own boss. Option (b) is correct.
What do you mean by Entrepreneurship?Entrepreneurship is the practice of operating a business with a fresh concept or in a novel approach, ultimately benefiting the client or the consumer. A novel product or service can represent a new idea in a business.
Self-motivation is among the most crucial characteristics of entrepreneurs. Pushing oneself is necessary if you want to succeed. Because you are your own boss as an entrepreneur, it can occasionally be challenging to begin rolling without external pressure.
Therefore, Option (b) is correct. Making decisions by their own would make a person well suited for entrepreneurship.
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Computer chip costs Variable manufacturing costs $ Variable selling and administrative costs. $ Capacity.. Current production.... Print Done 2.80 0.90 600,000 units 600,000 units X - Requirements 1. Should the Chips Department supply the chips to the Cell Phone Department under these circumstances? 2. If the Chips Department had sufficient capacity, would this make a difference? Print Done X TY Electronics is a manufacturer with two departments: computer chips and cell phones. The computer chip that is produced in the Chips Department can be sold to customers at $5.50 per chip. The costs associated with the computer chips are as follows: (Click the icon to view the computer chip costs.) The Cell Phone Department has been purchasing the chips that it needs for $3.25 per chip from Chip Universe, but the manager was thinking that if the Chips Department could supply the chips for less than what Chip Universe is asking, then it would arrange a transfer between departments instead of giving the business to an external company. Requirements C Requirement 1. Should the Chips Department supply the chips to the Cell Phone Department under these circumstances? Before answering this question, first determine the minimum transfer price. (Round your answer to the nearest cent.) The minimum transfer price is $
To determine the minimum transfer price, we need to consider the variable manufacturing costs of the chips in the Chips Department, which are given as $2.80 per chip.
The minimum transfer price should cover these variable manufacturing to ensure that the Chips Department is not losing money by supplying the chips to the Cell Phone Department.
Therefore, the minimum transfer price would be $2.80 per chip. The Chips Department should supply the chips to the Cell Phone Department if it can offer a transfer price equal to or greater than $2.80 per chip.
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The amount you would if everything of value would be sold and all debts would be paid in full:
a. Net assets
b. Net worth
c. Total liabilities
d. Total income
e. Budgeted expenses
b. Net worth,The amount you would if everything of value would be sold and all debts.
The amount that would be left over if everything of value were sold and all debts were paid in full is called:
b. Net worth
Net worth is a measure of an individual's or organization's financial health, calculated by subtracting total liabilities from total assets. It represents the amount of value that would be left over if all debts were paid off and all assets were sold.
Net worth is an important financial metric, as it provides insight into an individual's or organization's overall financial health and stability.
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Fred, a clerk at a Games Store, takes a game player and a selection of games from the store without permission. Most Way Product O a trade libel. O b.wrongful interference with a business relationship O c. none of the choices. O d.conversion,
Fred, a clerk at a Games Store, takes a game player and a selection of games from the store without permission. The crime committed by Fred can be referred to as D) conversion.
Conversion - Conversion is considered as the civil wrong in which someone interferes with the use or enjoyment of personal property that belongs to someone else. Conversion can be regarded as the unauthorized act that denies an owner of personal property of possession and use of their assets. The action taken by Fred is considered as a crime.
Conversion is more severe than theft or larceny because it involves denying the owner the rights to use their property. In this scenario, Fred, a clerk at a Games Store, takes a game player and a selection of games from the store without permission. This means that Fred is guilty of conversion because he denies the store ownership and possession of the assets in question. Fred should be held responsible and prosecuted for his actions.
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Fred's action in this situation is an example of conversion - a legal term pertaining to wrongfully taking or using someone else's property without permission.
Explanation:Fred's act of taking a game player and a selection of games from his workplace without permission is categorized under conversion. Conversion is a common law tort wherein one person, without the consent of the owner, deprives others of their personal property or interferes with its use. Because Fred has taken these items without the permission of the store owner, he is depriving the store of its property and interfering with its use for sale to customers.
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the types of milatary are safe
Answer: US Air Force and Navy
Explanation:
causes of corruption?
Answer:
Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.
Explanation:
Answer:
MAIN CAUSE OF CORRUPTION ATE
1)GREATER NUMBER OF POPULATION.
2) WEAKNESS OF THE SOCIETY
3) THERE BE LESS AWARNESS.
4)SELF DESTRUCTIVE MINDED PERSON.
5) MAKING MUCH RICH AND LIVING COMFORTABLE
Merchandise is purchased for $6,000 on September 2 subject to terms of 1/10, n/30, FOB destination. Freight costs paid by the seller totaled $131. What is the cost of the merchandise if paid on September 12, assuming the discount is taken
Answer:
Given:
invoice price of $6,000 is purchased on September 2 subject to terms of 2/10, n/30, fob destination.
freight costs paid by the seller totaled $200
Payment is made on September 12.
The payment is net of discount because September 12 is still within the discount term of 10 days.
6,000 x 2% = 120
6,000 - 120 = 5,880
The required payment if paid on September 12 is 5,880.
The freight cost paid by the seller is recognized by the seller as an expense. The buyer does not need to refund said freight cost because the ownership of the merchandise has not yet been transferred to the buyer. FOB destination means that the transfer of ownership from seller to buyer happens when the merchandise arrives at its destination or buyers address.
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Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company’s planning budget for July appears below:
Flight Café Planning Budget For the Month Ended July 31
Budgeted meals (q) :18,000
Revenue ($4.50q) : $81,000
Expenses:
Raw materials ($2.40q) : 43,200
Wages and salaries ($5,200 + $0.30q) : 10,600
Utilities ($2,400 + $0.05q) : 3,300
Facility rent ($4,300) : 4,300
Insurance ($2,300) : 2,300
Miscellaneous ($680 + $0.10q) : 2,480
Total expense : 66,180
Net operating income : $ 14,820
In July, 17,800 meals were actually served. The company’s flexible budget for this level of activity appears below:
Flight Café - Flexible Budget For the Month Ended July 31
Budgeted meals (q) : 17,800
Revenue ($4.50q) : $ 80,100
Expenses:
Raw materials ($2.40q) : 42,720
Wages and salaries ($5,200 + $0.30q) : 10,540
Utilities ($2,400 + $0.05q) : 3,290
Facility rent ($4,300) : 4,300
Insurance ($2,300) : 2,300
Miscellaneous ($680 + $0.10q) : 2,460
Total expense : 65,610
Net operating income : $ 14,490
Required: show all the work process:
1. Calculate the company’s activity variances for July. (Hint: Refer to Exhibit 9–6.)
2. Which of the activity variances should be of concern to management? Explain.
To calculate the activity variances for July, we need to compare the actual results (17,800 meals served) with the flexible budget amounts.
Calculate the company's activity variances for July:
a. Revenue Variance:
Actual Revenue - Flexible Budget Revenue
= $81,000 - $80,100
= $900 (Favorable)
b. Expense Variances:
Raw Materials Variance:
Actual Raw Materials Cost - Flexible Budget Raw Materials Cost
= $43,200 - $42,720
= $480 (Unfavorable)
Wages and Salaries Variance:
Actual Wages and Salaries Cost - Flexible Budget Wages and Salaries Cost
= $10,600 - $10,540
= $60 (Favorable)
Utilities Variance:
Actual Utilities Cost - Flexible Budget Utilities Cost
= $3,300 - $3,290
= $10 (Favorable)
Facility Rent Variance:
Actual Facility Rent Cost - Flexible Budget Facility Rent Cost
= $4,300 - $4,300
= $0 (No Variance)
Insurance Variance:
Actual Insurance Cost - Flexible Budget Insurance Cost
= $2,300 - $2,300
= $0 (No Variance)
Miscellaneous Variance:
Actual Miscellaneous Cost - Flexible Budget Miscellaneous Cost
= $2,480 - $2,460
= $20 (Favorable)
The activity variances that should be of concern to management are:
Raw Materials Variance: This variance is unfavorable, indicating that the actual cost of raw materials exceeded the flexible budget amount. Management should investigate the reasons for this increase and take necessary actions to control raw material costs.
Miscellaneous Variance: Although this variance is favorable, it is relatively small. However, management should still review the reasons for the variance to ensure there are no underlying issues affecting miscellaneous expenses.
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Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answer:
$62.50 more
Explanation:
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