The responsibility for setting a company's mission, objectives, broad strategies, and policies primarily lies with its top management.
Etymologically, the notion of management is the art of organizing and implementing. Management can also be defined as the process of managing or managing something.
So in general, management is the process of organizing or managing something that is done by an individual or group of people. This management process includes in compiling, organizing, implementing, and controlling or supervising events.
In the context of the organization, the notion of management is a process to regulate something that is done by a group of people or organizations to achieve the goals of the organization by working together to utilize the resources they have.
Management can also be an effort to plan, coordinate, organize and control resources to achieve goals effectively and efficiently.
You can learn more about management here brainly.com/question/14523862
#SPJ4
when seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? blog e-mail podcast
When seeking collaboration on writing instructions for product use before releasing the information to the consumer, the method that would yield the best results is email.
There are a number of reasons why email is considered the best method for seeking collaboration on writing instructions for product use before releasing the information to the consumer. Firstly, email is one of the easiest, fastest and most efficient methods of communication. It allows for easy back-and-forth communication, and participants can respond at their own pace, without the pressure of a live conversation or meeting. Secondly, email can be accessed from any device, anywhere, anytime.
This makes it easy for participants to contribute to the discussion, even when they are on the go or out of the office. Finally, email allows participants to attach files and documents, which is essential when collaborating on written instructions. Files can be easily shared, reviewed and revised, making it easy to finalize the instructions in a timely and efficient manner. Therefore, email is the best method for seeking collaboration on writing instructions for product use before releasing the information to the consumer.
.
Know more about email here:
https://brainly.com/question/29588669
#SPJ11
Which nation in the region has made huge investments in the development of deep-water wells to extract fossil water
optimistic people view challenges as opportunities to influence decisions.
Answer:true
Explanation:true
Benny felt like he was ready for his science test. He had taken sequential notes in class. He and his friends had studied together every day that week, and they had quizzed one another on their flash cards. As he sat down to take the test, he felt confident, but when the exam began, he realized that he was not as prepared as he had thought. When he got his test back the next day, he was disappointed with his grade. What is the most likely reason Benny’s grade on the test was lower than he had hoped? His note-taking skills were poor. He did not review the key concepts. He should have crammed before the test. He did not pick an efficient study environment.
Answer:
D. He did not pick an efficient study environment.
Explanation:
Took the quiz
Answer:
D
Explanation:
true or false? effective evaluation measures of a sales force should include both input and output measures.
The given statement " effective evaluation measures of a sales force should include both input and output measures." is True. Evaluation measures of a sales force should aim to provide both input and output measures. Input measures provide information on how effective and efficient the sales force is in utilizing available resources to reach the desired outcomes.
On the other hand, output measures offer details about the actual sales and profits made.The input measures of sales force evaluation typically involve assessing the recruitment, training, and deployment of the sales team members, the working environment, and the available sales tools and resources.
The output measures entail examining the sales volume, revenues, and profits attained over a given period. The ratio of sales to the number of sales representatives and customer feedback, are also commonly used as output measures in sales force evaluation.The use of both input and output measures in sales force evaluation is crucial in identifying the areas of strengths and weaknesses of a sales team.
In addition, both types of measures can help organizations to establish effective strategies to optimize the performance of their sales force. Hence, it is true that effective evaluation measures of a sales force should include both input and output measures.
For more such questions on evaluation
https://brainly.com/question/30592279
#SPJ8
Game of Drones Military Corporation is considering a new tank project. The firm will issue new preferred stock as part of the financing package. The firm currently has its preferred stock trading at $110. 00 per share. These preferred shares were issued with a par value of $100. 00 and offer a dividend rate of 4. 25% APR. For NEW shares of preferred stock, what coupon rate must Game of Drones use to sell shares close to a $100 par value
In order for Game of Drones Military Corporation to sell new shares of preferred stock close to a $100 par value, they will need to determine the appropriate coupon rate. The coupon rate is the annual interest rate that the company will pay to investors who hold preferred stock.
To calculate the coupon rate, Game of Drones will need to consider the current market price of its existing preferred stock. As per the information given, the firm's existing preferred stock is trading at $110.00 per share, which is a premium of $10.00 over the par value of $100.00 per share.
Since the new shares of preferred stock will be issued at par value, the company will need to set a coupon rate that will make them attractive to investors. If the coupon rate is set too low, investors may not be interested in buying the new shares. On the other hand, if the coupon rate is set too high, the company may end up paying more in dividends than it can afford.
To determine the appropriate coupon rate, Game of Drones will need to consider various factors such as the current market conditions, interest rates, and the company's financial health. Once the coupon rate is set, the company can proceed with the issuance of new shares of preferred stock as part of the financing package for the new tank project.
In summary, Game of Drones Military Corporation will need to carefully consider the coupon rate in order to sell new shares of preferred stock close to a $100 par value. By taking into account the current market conditions and the company's financial health, the company can set a coupon rate that will be attractive to investors and help them finance their new tank project.
Know more about preferred stock here:
https://brainly.com/question/15078323
#SPJ11
Which of the following institutional structures promote and sustain modern economic growth? Multiple select question. Patents and copyrights giving inventors and authors the exclusive right to market and sell their creations for a period of time A system of tariffs and complete government autonomy promoting domestic production and positive net exports Strong property rights that give citizens the right to own investments and property Financial institutions that channel the savings generated by households toward businesses, entrepreneurs and inventors Widespread education for the workforce that will promote new technology innovations and implementation
Answer:
47
Explanation:
40?
The insitutional structures that promted the economic growth should be
Financial institutions A competitive market systemPatents and copyrightsStrong property rights Widespread education Promotion of the institutional structures for the economic growth:The financial insitutions where the saving should be produced by the household for the inventors, businesses, etc. There should be the market system i.e. competitive in nature where the prices & profits represent the signals for how to make and what to make. The patent & copyrights provides the inventors the right for sell the creations. There should be strong property rights where the citizen has the right for their investment and property. And, there should be enough education for the working class so that the innovation related to the technology should be promoted.
Learn more about growth here: https://brainly.com/question/24389913
2. Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of
using his debit card. Based on this agreement, what is the impact of this decision?
a. There is no impact since credit card and debit card terms tend to be the same.
b. A $10 cash advance fee will be charged ONLY.
c. An A.P.R. of 25.24% will be applied on the $40 until it is paid back ONLY.
d. A $10 cash advance fee will be charged AND an A.P.R. of 25.24% will be applied on the
$40 until it is paid back.
Based on this agreement, the impact of this decision is D. A $10 cash advance fee will be charged AND n A.P.R. of 25.24% will be applied on the $40 until it is paid back.
What is APR?The annual percentage rate (APR) is the interest generated by a sum charged to borrowers or paid to investors each year. APR is a percentage that represents the actual yearly cost of funds over the life of a loan or the income earned on an investment. This includes any fees or additional costs associated with the transaction but excludes compounding.
The APR provides consumers with a single number that they can use to compare lenders, credit cards, and investment products.
Since Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card, a cash advance fee will be taken.
In conclusion, the correct option is D.
Learn more about APR on:
https://brainly.com/question/24703884
#SPJ1
Unit contribution margin divided by the constrained resource per unit is the formula for computing:
a. The optimal number of units that should be manufactured.
b. Degree of operating leverage.
c. Contribution margin per unit of constrained resource.
d. Sales mix
Unit contribution margin divided by the constrained resource per unit, which is used for computing the contribution margin per unit of constrained resource. The correct option is c.
The formula "Unit contribution margin divided by the constrained resource per unit" is used to calculate the contribution margin per unit of the constrained resource. The constrained resource is the resource that limits the production of a product or service, such as a machine, labor, or raw material.
By calculating the contribution margin per unit of the constrained resource, a business can determine which products or services generate the highest profit contribution for each unit of the constrained resource used. This information can be used to make decisions about how to allocate the constrained resource among different products or services, to maximize profitability.
The optimal number of units that should be manufactured would require additional information beyond the formula given. The degree of operating leverage is calculated by dividing the contribution margin by the operating income, and the formula given does not include any information about operating income. Sales mix refers to the relative proportion of different products or services sold and is not related to the formula provided.
The correct option is c.
Learn more about Contribution margin: https://brainly.com/question/24881206
#SPJ11
Have you ever considered designing a program to help people? Here is your chance. Follow the instructions below to design some of the important elements of your own human services program.
Create a mission statement specific to what you are setting out to accomplish.
Consider the following questions and make notes:
What is the need?
Why do people need your organization?
Who will your organization help?
What is your service population?
Where will these services be made available?
How will you inform people of your services?
List Objectives/Tasks
Immediate
Objective 1: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Long Term
Objective 2: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Staff
How many direct service positions are available? What positions are they?
How many program-planning and design positions are available? What positions are they?
How many administrative positions are available? What positions are they?
What is the total number of staff members needed?
Budget
Define the needs of your organization, such as supplies, equipment needed, property, etc. What role will fundraising play in budget planning?
Evaluation
Design a method for monitoring your progress. Explain the details of how you intend to use this tool to ensure that you are on track for accomplishing your goals for your organization.
Name
Finally, after considering the nature of your organization, develop a name for it.
Make a presentation of your organization's mission statement, goals, target population, principles, etc. This can be in the form of a four-hundred-word essay, a three-page outline, or a graphic representation such as a chart.
To create a human services program, you must first develop a business plan that aligns with your needs and then create the mission statement.
How to create a business plan?It corresponds to a document used to identify all the needs of a new business, such as its risks, resources, legal requirements, mission, personnel needs, etc. successful.
The mission statement is developed to be the statement of the identity of a business in the market, that is, it is a summarized document that demonstrates the reason for the existence of the business, who are its stakeholders and what are the company's values.
Therefore, questions like "What is the need?" and "Why do people need your organization?" will serve as a guide that will direct the creation of the business plan and mission statement in a way that is more aligned with your objectives.
Find out more about business plan on:
https://brainly.com/question/25311149
#SPJ1
determine the present value now of an investment of $3,000 made one year from now and an additional $3,000 made two years from now if the annual discount rate is 4 percent.
The present value of the investment is $5,658.29.
The present value is the value of an investment today. It is determined by adding the sum of the discounted cash flows of the investment.
Present value of year 1 cash flows= $3000 / 1.04 = $2,884.62
Present value of year 2 cash flows=$3000 / 1.04² = $2,773.67
Sum of the discounted cash flows = $2,773.67 + $2,884.62 = $5,658.29
A similar question was solved here: brainly.com/question/9641711?referrer=searchResults
In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
When was the last time the us had a balanced budget?
Since the fiscal year 2001, when the federal government's expenses and revenues were equal, the United States has not experienced a balanced budget.
Since that time, the federal government has perpetually had a budget deficit, which means that its spending has outpaced its income. The growing costs of entitlement programmes like Social Security and Medicare, as well as increased expenditure on military and other government programmes, have been the main causes of the federal government's budget deficits. Since many years ago, there have been attempts to balance the federal budget; however, these efforts have usually failed because of political opposition to tax and expenditure increases, as well as economic reasons including recessions and poor economic development.
learn more about budget here:
https://brainly.com/question/13198606
#SPJ4
List the five (5) Traits of an Entrepreneur 1. 2. 3. 4. 5.
Answer:
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
Explanation:
Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.
bilateral and unilateral contracts are best described by which of the following statements?
A. The number of parties obligated to perform.
B. The number of promises each party is obligated to perform.
C. The number of lenders involved.
D. The number of signatures required on the contract.
Bilateral and unilateral contracts are best described by the statement: B. The number of promises each party is obligated to perform.
In a bilateral contract, both parties make promises and are obligated to perform. Each party is bound to fulfill their respective promises stated in the contract. For example, in a sales contract, the buyer promises to pay a certain amount, and the seller promises to deliver the goods.
On the other hand, in a unilateral contract, only one party makes a promise and is obligated to perform upon the occurrence of a specific condition. The other party is not obligated to perform anything unless they choose to. An example of a unilateral contract is a reward offer, where the person making the offer promises to pay a reward if someone performs a specified action.
Know more about unilateral contracts here:
https://brainly.com/question/31135099
#SPJ11
What is information that CANNOT be measured and expressed in numbers? Question 1 options: Personal Information Target Market Data Qualitative data Quantitative data
Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
Mod 7.3: Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. Which of the following is the best and most likely explanation for this increase.
- Peach Co's net income was greater than its dividends.
- Peach Co's net profit is less than its dividend.
- Its dividend is less than Peach Co.'s net profit.
- Its dividend is greater than Peach Co.'s net profit.
Between the beginning of the year and the end of the year, Peach Co.'s Retained Earnings increased. The "Peach Co's net income was greater than its dividends". The correct option is A.
The net income is the total income which gets from the sells, investment, and property rent.
The best and most likely explanation for the increase in Peach Co.'s Retained Earnings is that its net income was greater than its dividends. Retained Earnings is the portion of a company's net income that is not paid out as dividends to shareholders, but rather is kept within the company to reinvest in the business or to pay off debt.
If a company's net income is greater than its dividends, then the amount of money that is retained within the company will increase, resulting in an increase in Retained Earnings. Therefore, option A, "Peach Co's net income was greater than its dividends," is the correct answer.
To know more about net income here,
https://brainly.com/question/15570931
#SPJ4
. How is marginal utility per dollar calculated?
BUSINESS 1. Explain five advantages a firm would enjoy by engaging in prize winning competition as a method of sales promotion.
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
The federal government has run a budget deficit for each of the last ten years. This year they decide to spend an extra $1 trillion to repair infrastructure. We can expect this to: the national debt Select] Select) have no effect on decrease increase the demand for funds [Select) the interest rate
The federal government deciding to spend an extra $1 trillion to repair infrastructure would have an effect on the national debt, increase the demand for funds, and potentially increase the interest rate.
National Debt: When the government runs a budget deficit, it means that its expenditures exceed its revenues. This results in the government borrowing money to cover the shortfall, which increases the national debt. By spending an additional $1 trillion, the government will further contribute to the national debt, unless it simultaneously raises additional revenue or cuts spending elsewhere to offset the increase.
Demand for Funds: When the government borrows money to finance its expenditures, it increases the demand for funds in the financial markets. This is because the government competes with other borrowers, such as businesses and individuals, for available funds. When the demand for funds increases, it can lead to higher interest rates.
Interest Rate: The increased demand for funds resulting from the government's additional spending can put upward pressure on interest rates. When there is more competition for funds, lenders may raise interest rates to attract borrowers. However, the actual impact on interest rates will depend on various factors, including the overall state of the economy, the actions of the central bank, and investor sentiment.
It's important to note that the effects on the national debt, demand for funds, and interest rates can be influenced by a range of economic factors and policy decisions.
To know more about federal government visit:
https://brainly.com/question/29972859
#SPJ11
Example metrics of success for usability testing
Usability testing is a critical aspect of the user-centered design process that aims to evaluate the effectiveness, efficiency, and satisfaction of a product. Some example metrics of success for usability testing include task completion rate, time on task, error rate, user satisfaction, and user retention rate.
To measure the success of usability testing, it is important to define relevant metrics that reflect the goals of the testing process. Task completion rate measures the percentage of users who can complete a specific task successfully, while time on task evaluates the amount of time users take to complete a task.
Error rate measures the number of errors users make while completing a task, and user satisfaction assesses how satisfied users are with the product. Finally, the user retention rate evaluates the percentage of users who continue to use the product after the testing process. By tracking these metrics, usability testers can determine the effectiveness of their design choices and make informed decisions to improve the product.
You can learn more about Usability testing at: brainly.com/question/28807738
#SPJ11
how can you find the weights to be used for the wacc, and which are more appropriate (market versus book)?
The equity amount used in the weight calculation should be consistent with the total equity as reported in the company's financial statements.
The weights used in the WACC calculation should be consistent with the financial data used in the analysis. For example, if the cost of debt is based on the interest rate on the company's outstanding debt, the corresponding debt amount used in the weight calculation should also be based on the outstanding.
The weights used in calculating the Weighted Average Cost of Capital (WACC) represent the proportion of a company's financing that comes from different sources. Typically, these sources include debt and equity, but other forms of financing, such as preferred stock, may also be included.
The weights used for the WACC calculation can be determined based on either the market value or the book value of each source of financing. The market value of a company's financing represents the current market price of its equity and the present value of its debt. The book value, on the other hand, represents the value of the financing as reported in the company's financial statements.
The choice between using market value versus book value weights in the WACC calculation depends on the specific circumstances of the company and the purpose of the analysis. In general, market value weights are considered more appropriate because they reflect the current market prices and investor perceptions of the company's financing. However, there are some situations where book value weights may be more appropriate, such as when the company has a stable capital structure and its market value and book value weights are similar.
To calculate the market value weights, the market value of equity is divided by the sum of the market value of equity and the market value of debt. To calculate the book value weights, the book value of equity is divided by the sum of the book value of equity and the book value of debt.
For such more questions on financial:
https://brainly.com/question/989344
#SPJ11
If the Commission for Sport and Events contributes $45 million dollars towards the construction of a new sport venue, what type of financing option is most likely being used
The financing that is most likely being used for this construction are taxation or government securities issuance.
Sources of government financing Government can raise funds from taxing the people they govern.They can also raise funds by issuing securities such as notes to the public.The agency behind the construction of the venue is a governmental agency which means that it is most likely raising funds from one of the two methods described.
Find out more on government finance at https://brainly.com/question/342292.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
\(\huge{\mathfrak{\colorbox{black}{\textcolor{lime}{I\:hope\:this\:helps\:!\:\:}}}}\)
♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
Did the entrepreneur(s) get a deal from at least one Shark?
Answer:
One entrepreneur struck an agreement on-air with a shark that never materialized, and another struck a bargain that the shark later backed out of.
Explanation:
Discuss the likely impact on papua new guinea if its copper and gold mines become exhausted?
Answer:
miners might stop making income resulting in a shortage of money thus lowering income in new guinea. The mines will also be turned to landfills. which means more areas to fill with waste and dirty garbage.
Explanation:
Review all the application case studies in Chapter 4 – Application Case Studies 4.1 through 4.7 (Business Intelligence, Analytics, and Data Science: A Managerial Perspective). Think about additional examples of organizations or situations where data mining could be used? What problems are these companies most likely solve using data mining? What do you think are the main reasons for data mining’s popularity
Regarding application case studies is that data mining can be applied in different industries and sectors to help companies in understanding their customers better and making informed decisions.
Data mining can be used in many organizations to identify patterns, relationships, and trends in large data sets. It is used in various industries such as retail, healthcare, finance, and many more.
Some of the problems that companies can solve by using data mining include identifying fraudulent activities, predicting customer behavior, identifying trends, and patterns, among others. Companies can also use data mining to identify new opportunities for growth and innovation. For example, Ne-tflix uses data mining to personalize content recommendations to its customers. The company uses data mining algorithms to analyze customers' viewing history and other data points to create unique recommendations that align with their interests and viewing habits.
The popularity of data mining can be attributed to several factors. The first reason is that it helps companies to make informed decisions based on data insights. With the increasing volume of data that companies collect, data mining provides a way to analyze and extract useful insights from this data.
Secondly, data mining can help companies to identify hidden patterns, relationships, and trends that may not be visible to the eye. By identifying these patterns, companies can gain a better understanding of their customers and their behavior.
Finally, data mining algorithms are becoming more sophisticated and advanced. With machine learning and artificial intelligence, companies can gain even deeper insights into their data. These advanced algorithms can help companies to make more accurate predictions and decisions based on data insights.
Learn more about data mining: https://brainly.com/question/33467641
#SPJ11
Fill in the blanks Domain 2 lesson 3
Developing a sales presentation is part of the preparation step of a sales process.
What is involved in preparation step of a sales process?The preparation step of a sales process is crucial in ensuring the success of the sales interaction. In this stage, the salesperson researches the potential client, their needs and preferences, and prepares a strategy for approaching them.
All these includes gathering information on the client's industry, competitors, and business objectives. The salesperson should also research the client's budget and purchasing power to ensure that the product or service they are offering is a good fit.
In addition, the salesperson should prepare a presentation or proposal that highlights the unique value proposition of their product or service and how it can meet the client's needs.
Full question "Fill in the blanks Domain 2 lesson 3. Developing a sales presentation is part of the ________ step of a sales process. [Elements of a Sales Process]
Read more about Sales Process
brainly.com/question/29931530
#SPJ1
8. Discuss the risks a business faces when attempting to increase the profit margin of
a commodity
Answer:
There are major risks when a company attempts to increase the profit margin of a commodity, first if you buy from a cheaper vendor the quality of your commodity will drop affecting the number you sell on average, But if you raise the costs too much then there is the possibility people would be deterred by the cost.
If you increase the costs too much then there is the possibility people would be demoralized by the cost.
What a is the Margin of Commodity?
There are significant risks when a company endeavors to increase the profit margin of a commodity,
foremost, if you buy from a more affordable vendor the quality of your commodity will decline affecting the numeral you sell on average,
So, Therefore, if you raise the costs too much then there is the possibility people would be discouraged by the cost.
Find more information about Margin of Commodity here:
https://brainly.com/question/15190495
Economists interested in price stability have established that the function p(t) = (Po-P.)e^k(0-A)^t+ Pe relates the current price of a commodity to the time t in months since it was initially priced at po dollars, where p, represents the equilibrium price of the commodity, and the numbers a and A are constants that depend on the supply and demand of the item. If the commodity was originally priced at $41 and the equilibrium price is $32 and k = 0.1 , a = 5, and A = 6, what is the expected price of the item 20 months after its initial pricing? Round to the nearest cent.
TIP Enter your answer as an integer or decimal number. Examples 3, 4, 5.5172 Enter DNE for Does Not Exist, on for Infinity Your answer should include exactly 2 decimal places.
The expected price of the commodity 20 months after its initial pricing can be determined using the given function p(t) = (Po - P)e^(k(0 - A)t) + Pe.
Where Po represents the initial price, P is the equilibrium price, k is a constant, and a and A are additional constants. By substituting the given values (Po = $41, P = $32, k = 0.1, a = 5, A = 6) into the equation, we can calculate the expected price. Using the formula p(t) = (Po - P)e^(k(0 - A)t) + Pe, we substitute the given values as follows: Po = $41, P = $32, k = 0.1, a = 5, A = 6, and t = 20. Plugging these values into the equation, we get p(20) = (41 - 32)e^(0.1(0 - 6)20) + 32. Simplifying the expression, we have p(20) = 9e^(-1.2) + 32.
Calculating the value inside the exponential term, we find e^(-1.2) ≈ 0.3012. Multiplying this by 9, we get 9 * 0.3012 ≈ 2.7108. Adding this to 32, we find the expected price after 20 months to be approximately $34.7108. Therefore, the expected price of the item 20 months after its initial pricing is $34.71, rounded to the nearest cent.
Learn more about equilibrium from here:
https://brainly.com/question/14594233
#SPJ11