The stage of the product life cycle influences marketing decisions at Hormel and Justin's by shaping their strategies for product development, pricing, promotion, and distribution.
The product life cycle consists of several stages: introduction, growth, maturity, and decline. Each stage presents unique opportunities and challenges, requiring businesses to adapt their marketing decisions accordingly.
During the introduction stage, both Hormel and Justin's would focus on creating awareness and generating trial for their new products. Marketing efforts would emphasize product differentiation, targeting early adopters, and building brand recognition.
In the growth stage, as sales increase, Hormel and Justin's would aim to expand their market share and strengthen customer loyalty. They might introduce product variations, expand distribution channels, and invest in promotional activities to reach a broader consumer base.
In the maturity stage, where sales stabilize, both companies would focus on maintaining market share, defending against competition, and maximizing profitability. This may involve adjusting pricing strategies, enhancing product quality, and implementing targeted marketing campaigns to retain existing customers and attract new ones.
Finally, in the decline stage, Hormel and Justin's would need to decide whether to revitalize the product, phase it out, or replace it with a new offering. Marketing decisions would focus on managing costs, reducing promotional activities, and potentially exploring new market segments or innovations.
The stage of the product life cycle significantly influences marketing decisions at Hormel and Justin's, guiding their strategies for product development, pricing, promotion, and distribution. Adapting to the specific characteristics and demands of each stage is crucial for maintaining competitiveness and achieving business objectives.
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Which of these is an example of business ownership?
A. A wage earner at a company
B. A day trader of stocks
C. A hair salon franchisee
D. A freelance journalist
Answer:
a hair salon franchise
Explanation:
i just did the question
The combination of Whole Life and ______ Term insurance is referred to as a Family Income Policy. A. Decreasing B. Universal C. Variable D. Level.
The combination of Whole Life and Level Term insurance is referred to as a Family Income Policy.
The purpose of a Family Income Policy is to provide financial protection to a family in the event of the death of the primary breadwinner. The whole life insurance provides a permanent death benefit that accumulates cash value over time, while the level term insurance provides a specific death benefit for a set period of time, usually until the primary breadwinner's children reach adulthood.
By combining the two types of insurance, a family can ensure that they have both long-term financial security and short-term income replacement in the event of an unexpected death. The term "level" in level term insurance refers to the fact that the death benefit remains the same throughout the term of the policy, as opposed to "decreasing" term insurance, where the death benefit decreases over time.
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BRUH THIS THING LOGGED ME OUT WHAT IS GOING ON
Answer:
?????????????
Explanation:
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Stansfield Corporation had the following activities in 2020. Payment of accounts payable for $270,000. Issuance of common stock for $150,000. Payment of dividends $99,000. Collection of note receivable for $85,000. Issuance of bonds payable for $110,000. Purchase of treasury stock for $52,000. Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2020 statement of cash flows
The amount Stansfield should report as net cash provided (used) by financing activities is $109,000.
Computation of net cash provided (used) by financing activitiesThe amount Stansfield should report as net cash provided (used) by financing activities can be computed as follows:
Net cash provided (used) by financing activities = Issuance of common stock - Payment of dividends + Issuance of bonds payable - Purchase of treasury stock ………………. (1)
Substituting all the relevant values into equation (1), we have:
Net cash provided (used) by financing activities = $150,000 - $99,000 + $110,000 - $52,000
Net cash provided (used) by financing activities = $109,000
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Schools in a certain state receive funding based on the number of students who attend the school. To determine the number of students who attend a school, one school day is selected at random and the number of students in attendance that day is counted and used for funding purposes. The daily number of absences at High School A in the state is approximately normally distributed with mean of 120 students and standard deviation of 10.5 students. (a) If more than 140 students are absent on the day the attendance count is taken for funding purposes, the school will lose some of its state funding in the subsequent year. Approximately what is the probability that High School A will lose some state funding? (b) The principals' association in the state suggests that instead of choosing one day at random, the state should choose 3 days at random. With the suggested plan, High School A would lose some of its state funding in the subsequent year if the mean number of students absent for the 3 days is greater than 140. Would High School A be more likely, less likely, or equally likely to lose funding using the suggested plan compared to the plan described in part (a)? Justify your choice. (c) A typical school week consists of the days Monday, Tuesday, Wednesday, Thursday, and Friday. The principal at High School A believes that the number of absences tends to be greater on Mondays and Fridays, and there is concern that the school will lose state funding if the attendance count occurs on a Monday or Friday. If one school day is chosen at random from each of 3 typical school weeks, what is the probability that none of the 3 days chosen is a Tuesday, Wednesday, or Thursday?
The probability that High School A will lose some of its state funding is 0.0241 and the probability that none of the 3 days chosen is a Tuesday, Wednesday, or Thursday is 0.3
For (a), the probability that High School A will lose some of its state funding is 0.0241. This is calculated using the normal distribution: P(x > 140) = 1 - P(x <= 140) = 1 - 0.9789 = 0.0241.
For (b), High School A would be less likely to lose funding using the suggested plan compared to the plan described in part (a). This is because the mean number of absences has to be greater than 140 for the school to lose funding with the suggested plan, while in the original plan, any number above 140 would lead to the school losing funding.
For (c), the probability that none of the 3 days chosen is a Tuesday, Wednesday, or Thursday is 0.3. This is because each of the 3 days has the same probability of being chosen (1/5) and the probability of all 3 being one of the same day is (1/5)3 = 0.03, which is the probability of any of the 3 days being a Tuesday, Wednesday, or Thursday. Thus, the probability of none of the 3 days being a Tuesday, Wednesday, or Thursday is 1 - 0.03 = 0.3.
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1.What is MONEY?
2.did MONEY help you?
pls ans im back
whats the right option for ava
The decision to either buy or lease based on the given requirements by Ava include:
Want to live here for a long time - Buy Want the chance to make money if I leave - Buy Interested in rental income - Buy Don't love to do repairs - Lease Why should Ava buy or lease ?If you have a strong desire to settle down in a particular area and establish long-term roots, buying a property might be a suitable option. If you anticipate the possibility of relocating in the future and want the opportunity to earn money from your property, buying a home can offer potential financial benefits.
If generating rental income is a significant factor for you, purchasing a property to rent out could be a viable option. If you prefer to avoid the responsibilities and costs associated with property repairs and maintenance, leasing might be more suitable for Ava .
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A monopolist is producing at a point at which marginal cost exceeds marginal revenue. How should it adjust its output to increase profit?
He should adjust its output to increase profit by decrease output until marginal revenue equals marginal cost.
What is marginal cost?The expenses incurred when creating an additional unit of production are known as marginal costs. It is determined by dividing the variation in the overall cost of production by the variation in the number of units produced. When variable expenses are included in the total cost of production, marginal costs exist.
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. While marginal income can remain constant above a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. he increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
When one firm and its product control an entire sector of the economy, there is little to no competition and people are forced to buy the particular products or service from that one company.
Hence, He should adjust its output to increase profit by decrease output until marginal revenue equals marginal cost.
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Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)
Answer:
write a check, use an ATM, fill out a withdrawal slip and take it into the bank
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).
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.
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.. If two variables have a direct relationship on a graph, it indicates that
A. both variables are not related.
B. as one variable rises, the other variable falls.
C. both variables are moving in the same direction.
D. as one variable rises, the other variable is constant.
Answer:
Option C. Both variables are moving in the same direction.
Explanation:
The reason is that in the direct relationship, the variables move in the same direction which means if one of the variable increases then the other will also increase and vice versa. So the only option that satisfies this condition is option C.
The term ______________ describes the diminished costs on a per-unit-basis of making and marketing products that usually result when marketing organizations produce increased total outputs of products. The term ______________ describes the diminished costs on a per-unit-basis of making and marketing products that usually result when marketing organizations produce increased total outputs of products.
The term that describes the diminished costs on a per-unit-basis of making and marketing products that usually result when marketing organizations produce increased total outputs of products is economies of scale.
The term "economies of scale" describes the diminished costs on a per-unit-basis of making and marketing products that usually result when marketing organizations produce increased total outputs of products.
Economies of scale refer to the cost advantages that a business can achieve as it increases the scale of its operations. When a company produces a larger volume of products, it can spread its fixed costs, such as manufacturing equipment and overhead expenses, over a greater number of units. This results in lower average costs per unit.
By producing more products, a company can achieve economies of scale in various aspects of its operations. For example, purchasing raw materials in bulk may lead to lower costs per unit. Additionally, streamlined production processes, efficient distribution channels, and optimized marketing efforts can contribute to reduced costs.
Economies of scale can benefit companies in several ways. Lower per-unit costs allow businesses to increase their profit margins or offer competitive pricing in the market. It can also enable companies to invest in research and development, improve product quality, or expand their market reach.
In summary, economies of scale refer to the cost advantages that arise when a marketing organization produces increased total outputs of products, leading to lower costs per unit and potential benefits for the company.
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Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
FILL IN THE BLANK. Electrical forces ____.
(static electricity)
a. can cause objects to only attract each other
b. can cause objects to only repel each other
c. can cause objects to attract or repel each other
d. have no effect on objects
Electrical forces can cause objects to attract or repel each other.
Option C is correct.
Electrical forces are one of the fundamental forces of nature that govern the behavior of electrically charged particles, such as protons and electrons. These forces arise due to the interaction between the electrically charged particles and are responsible for the attraction or repulsion of particles.
The strength of the electrical force is determined by the magnitude of the charge on the particles and the distance between them. Like charges (i.e., positive-positive or negative-negative) repel each other, while opposite charges (i.e., positive-negative) attract each other. The magnitude of the force decreases as the distance between the particles increases.
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A house was valued at $105,000 in the year 1990. The value appreciated to $170,000 by the year 2005. A) What was the annual growth rate between 1990 and 2005? B) What is the correct answer to part A written in percentage form?
The annual growth rate A) between 1990 and 2005 is approximately 4.21%. B) The correct answer to part A written in percentage form is 4.21%.
What is growth rate?
Growth rate refers to the rate at which a particular quantity or variable increases or decreases over a specific period of time. It is commonly used to measure the change in size, value, or magnitude of a variable, often expressed as a percentage.
To calculate the annual growth rate, we can use the formula:
Annual Growth Rate = (Ending Value / Beginning Value)^(1 / Number of Years) - 1
In this case, the beginning value is $105,000 (in 1990), and the ending value is $170,000 (in 2005). The number of years is 2005 - 1990 = 15.
Plugging these values into the formula, we get:
Annual Growth Rate = ($170,000 / $105,000)^(1 / 15) - 1 ≈ 0.0421
To express this growth rate as a percentage, we multiply it by 100:
Annual Growth Rate (percentage) = 0.0421 * 100 ≈ 4.21%
Therefore, the annual growth rate between 1990 and 2005 is approximately 4.21%, and this can be considered the correct answer written in percentage form. It represents the average annual increase in the value of the house over that period.
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pls helppp...
19. A business provided the following information [Refer to image]. What was the total of the current liabilities?
a) 13 200
b) 15 400
c) 31 200
d) 32 700
Answer:
32 700
Explanation:
that is the answer 32 700
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
a key difference between advertising and publicity is that a advertising is personalized promotion and publicity is mass promotion. b advertising is always positive and publicity is always negative. c advertising is paid communication and publicity is non-paid. d advertising is presented through the media and publicity is not.
A key difference between advertising and publicity is that advertising is paid communication and publicity is non-paid.
Advertising has been the act of marketing a business's product or service in order to make money. Publicity is used to tell the public about a firm, product, or service.
Advertising is marketing and a promotional tool in the hands of the business that sends a message to viewers, listeners, or readers about the business or a product. Its goal is to influence clients to select the company's product over that of its rivals. Another promotional tactic is publicity, however it is not the same as advertising. It is based on truth because no corporation or its representatives have sponsored or controlled it. Publicity is always free, but advertising is a costly strategy to showcase a company's goods and services.
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If left uncontrolled the high blood pressure can cause 1. Kidney disease 2. Heart failure 3. Stroke 4. All of above
If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.
What is high blood pressure?High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.
Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.
If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.
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If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement and money contributed by your employer. When you retire, which of the following will these payments be?
A. Welfare payments
B. Pension
C. Transfer payments
D. None of the above
Examine the table comparing auto collision insurance
deductibles and premiums for three drivers.
Why does driver 3 most likely pay a higher monthly premium than drivers 1 and 2?
The insurance company views driver 3 as a risk
because of accident history and age.
The insurance company believes that driver 3 is
less likely to pay bills on time.
Driver 3 voluntarily pays a higher premium in order
to have a lower deductible.
Driver 3 voluntarily pays a higher premium to
receive greater coverage.
Driver 3 most likely pay a higher monthly premium than drivers 1 and 2 because A. The insurance company views driver 3 as a risk
because of accident history and age.
Why will an individual pay a higher premium?It should be noted that a monthly premium will reflect the added risk of multiple drivers using a vehicle.
Also, teenagers or young people generally pay higher premiums because it's believed that there more prone to accident.
Therefore, driver 3 most likely pay a higher monthly premium than drivers 1 and 2 because the insurance company views driver 3 as a risk
because of accident history and age
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Answer: A
Explanation:
The insurance company views driver 3 as a risk because of accident history and age.
treasury bills are currently paying 6 percent and the inflation rate is 3.3 percent. a. what is the approximate real rate of interest? (enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what is the exact real rate?\
a. The approximate real rate of interest is 2.61%.
b. The exact real rate of interest is 2.603%.
a. The approximate real rate of interest can be calculated as (1 + nominal rate) / (1 + inflation rate) - 1:
(1 + 0.06) / (1 + 0.033) - 1 = 0.0261 or 2.61%
Therefore, the approximate real rate of interest is 2.61%.
b. The exact real rate can be calculated using the Fisher equation:
(1 + nominal rate) = (1 + real rate) * (1 + inflation rate)
Rearranging the equation, we get:
Real rate = (1 + nominal rate) / (1 + inflation rate) - 1
Substituting the values:
Real rate = (1 + 0.06) / (1 + 0.033) - 1
Real rate = 0.02603 or 2.603%
Therefore, the exact real rate of interest is 2.603%.
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2. Why do Americans worship, love and defend the ultra rich and other celebrities? Do you? Give an example.
I'd say Americans praise the higher-ups and celebrities because the 1% is apparently an inspiration to the middle class and the person or people they see on television is a reflection of what could've been.
That's my take on it.
P.S. sorry for not answering your "Do You?" question because it's not my opinion, it's yours.
During the introduction stage, total industry profit is:__________
During the introduction stage of a product life cycle, the total industry profit is typically low or negative. This is because the market for the new product is still being established, and there is often a high level of uncertainty and risk associated with the introduction of a new product.
Companies must invest heavily in research and development, marketing, and promotion in order to build awareness and generate demand for the new product.
At the same time, competitors are likely to be entering the market, which can lead to intense price competition and pressure on profit margins. As a result, industry profits may be low or even negative during the introduction stage.
Despite the challenges and risks associated with the introduction stage, it is a critical phase in the product life cycle because it lays the foundation for future growth and success. Companies that are able to successfully navigate the introduction stage can establish a foothold in the market and position themselves for future growth and profitability.
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Exercise 10-17 (Algorithmic) (LO. 4) Pierre, a cash basis, unmarried taxpayer, had $5,210 of state income tax withheld during 2022. Also in 2022, Pierre paid $1,303 that was due when he filed his 2021 state income tax return and made estimated payments of $3,647 towards his 2022 state income tax liability. When Pierre files his 2022 Federal income tax return in April 2023, he elects to itemize deductions, which amount to $13,450, including the state income tax payments and withholdings, all of which reduce his taxable income. a. What is Pierre's 2022 state income tax deduction? $ b. As a result of overpaying his 2022 state income tax, Pierre receives a refund of $2,084 early in 2023. The standard deduction for single taxpayers for 2022 was $12,950. How much of the $2,084 will Pierre include in his 2023 gross income?
a. Pierre's 2022 state income tax deduction is $10,160. b. Pierre will not include any portion of the $2,084 refund in his 2023 gross income.
a. Pierre's 2022 state income tax deduction is the total amount of state income tax payments and withholdings made during the year. From the information provided, Pierre had $5,210 withheld, paid $1,303 for his 2021 tax return, and made estimated payments of $3,647 for his 2022 tax liability. Therefore, his total state income tax deduction is $5,210 + $1,303 + $3,647 = $10,160.
b. Pierre will not include any portion of the $2,084 refund in his 2023 gross income. Since Pierre is a cash basis taxpayer, the refund received in 2023 is considered a recovery of previously deducted state income tax payments. As he itemized deductions in 2022, the refund does not need to be included as income in the following year (2023).
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In comparison with with emission standard you think a trading system makes the most sense how and how would you advice the government
In comparison with emission standard, we think a trading system makes the most sense and we would advice the government because "this system have good flexibility and it is cost-effective to achieve the emission reduction targets".
The trading system is also known as a market-based mechanism or cap and trade and it is referred to policy tool which have target to reduce emissions of pollutants.
So, compared to emission standard which sets a fixed limit on the amount of pollution that can be emitted which have been not providing any flexibility to companies in how they achieve that limit. This can lead to have difficulty reducing emissions.
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100 ponits !!!! what is net income. and how do you we calculate net income.
Answer:
Net income is an entity's income minus cost of goods sold, expenses, depreciation, amortization, interest, and taxes for an accouting period. Gross receipts / revenue less cost of doing business (including Cost of Goods Sold, operational and administrative expenses.) Your business' bottom line - what you pay taxes on.
Explanation:
Answer:
Businesses can calculate net income by taking their total incoming revenue for a specific time period and subtracting from it all business expenses for that same time period.
Explanation:
A certified financial advisor, who works for an accredited nonprofit specializing in
helping consumers repay debt in a responsible manner through education,
budgeting, and other tools
Answer:
credit counselor
Explanation:
A credit counselor is a certified professional whose work entails guiding clients to repay off their debts. A credit counselor is an expert in money management, personal budgeting, and debt control. He or she helps a client develop a debt repayment plan and may negotiate lower interest rates with creditors.
A credit counselor works in a non-profit making organization that offers credit counseling services. They offer advice on finance and money management and educates clients on their preparing personal budget
100 POINTS PLEASE HELP!!! Designers consider both elements and principles of design when creating advertisement layouts. Research one element of design and one principle of design. Write a 5- to 10-sentence paragraph explaining how each might be used during the creation of an ad.
Answer:
Designers could use size in order to bring the most important aspects such as the message or product to the eye of those viewing the ad. Designers could also use color in order to showcase the most important products vs those apart of a collection. Designers could use harmony to bring the ad together and make it all seem as if it is one piece. Variety could also show that the designers have many different things to offer to the public.
Explanation:
Sorry, I tried my best, idk if this is what you are looking for?
Element of Design: One element of design that is used is value, which helps create shading texture when needed. This can help a substance seem "popped-out", and can be used to catch people's attentions. Design is important also in creating what can be seen by the naked eye, and what is placed on there can draw different people into seeing the product in their own eyes. Appearance can be appealing or even unappealing, in getting people to be interested & even talk about the design. Designers design something that is either aesthetically pleasing, or would catch a person's attention, and hopefully spread the word around. Examples of value can be shading, different shades of the same color, etc.
Principle of Design: One principle of design is harmony, which can make it feel wholesome or pleasing the a person. This is a very good way to draw people (especially a sect commonly known as perfectionists) to buy the product. The opposite can also be said, as the distortion can also draw people to buy the product. As long as the design appeals to potential buyers, it is worthwhile to use.
~
Question 3
How do stocks make investors money?
Both of these are ways to make money from stocks.
Some stocks offer dividends, where they give a percentage of their profits to people who own their stock
Over time, a company's stock price may go up, and you can sell it for more than you paid.
Answer:
Explanation:
1,2