Businesses must work to reduce their prices and raise the caliber of their goods and services in order to survive intense competition. The competition encourages businesses to cut costs and operate as profitably as possible.
Through the automation and optimization of shipping procedures like route planning, carrier selection, and cargo tracking, transportation management systems increase the effectiveness of the supply chain. Costs are reduced, visibility and control are improved, and delivery times are accelerated.
Individuals' ability to move independently and their capability to acquire unique experiences as a result of independent activity gives competition significance. According to some sociologists, it is an even more fundamental process than cooperation.
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Which of the following best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s? The supply of higher education is highly price elastic, and demand has increased substantially. The demand for higher education is highly price inelastic, and the supply has decreased substantially. The demand for higher education is highly price elastic, and the supply has decreased substantially. The supply of higher education is highly price inelastic, and demand has increased substantially.
Answer: The supply of higher education is highly price inelastic and demand has increased substantially.
Explanation:
The option that best explains the significant increases in the equilibrium prices for higher education in the United States since the 1980s is that the supply of higher education is highly price inelastic and demand has increased substantially.
Price inelastic means that a change in price has little effect on the demand for education and since there has been an increase in the demand for education, the suppliers will increase the price which led to the increase in equilibrium price.
List five organizations where you could volunteer your services. Describe the type of work you might perform for each organization.
Answer:
animal shelter: feeding the animals giving them baths and walking them maybe
eldery homes: help them clean up a bit and just talk to them
Explanation:
sorry i cant think of more
Points of Light is the world's largest volunteer organization. We envision a society in which it is simple for anyone to affect change in their community and around the world. A volunteer program is a structure that is used to recruit and manage volunteers while also supporting community volunteer activities.
How do I ask for volunteer work?Explain that you are looking for a volunteer opportunity and that you are particularly enthusiastic about the organization in question. You can even include a sentence explaining why the organization is a good fit for your skills. The first paragraph should pique the reader's interest and make them want to learn more about you.
Volunteering can help you gain confidence by allowing you to try something new and develop a genuine sense of accomplishment. Make an impact. Volunteering can have a significant and positive impact on individuals, communities, and society as a whole. Meet new people. a desire for excellence doing an excellent job requiring a sense of significant accomplishment wanting to change careers/get a job.
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Nina has just started a new job and has already been late several times. She
gets everything done within the day, but she just can't seem to be on time.
What should Nina address?
A. Honesty
B. Respect for diversity
C. Integrity
D. Punctuality
Answer:
D
Explanation:
A p e x
What are the different methods of withdrawing cash from the bank?
Most banks feature ATMs where you can use your debit card to withdraw money from your account. The ATMs at your bank are free to use, however those at other banks may require a fee.
What are the other different methods of withdrawing cash?There are several ways you can withdraw cash from a bank:
Over-the-counter withdrawal: You can ask a teller at a bank branch to take money out of your account.
App for mobile banking: Many banks have apps for mobile banking, which let you use your smartphone to withdraw money from your account. For the transaction to be successful, you might need to utilise a particular ATM.
Check: You are able to write yourself a check that you can cash at a bank or a check-cashing facility.
Cash withdrawals are possible using some banks' online banking systems. For the transaction to be successful, you might need to utilise a particular ATM.
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While using a datasheet to track shoe orders, Gustav wants to see a picture of the shoes and read details about the shoes’ materials. Which steps should he follow?
Double-click on the record in the Customer ID field, then double-click on the customer dialog box.
Create a new field, select images of the shoes from the Internet, and embed images into OLE type.
Create a new shoe identification field by clicking on “Click to Add,” and type notes using “memo” type.
Double-click on the record in the Attachment field, then double-click on the attachment in the dialog box.
Answer:
C.
Explanation:
what is trade in economics
Answer:
Trade is a basic economic concept that involves the buying and selling of goods and services, in which compensation is paid by a buyer to a seller, for goods or services or the exchange of goods or services between parties(which is known as trade by barter )
Explanation:
Answer: Trade means we give some thing for some thing else
The Summer Outdoor Furniture Company produces wooden lawn chairs. The annual demand from its store customers is 17,400 chairs per year. The transport and handling costs are $2,600 each time a shipment of chairs is delivered to stores from its warehouse. The annual carrying cost is $3.75 per chair. a. Determine the optimal order quantity and minimum total annual cost. b. The company is thinking about relocating its warehouse closer to its customers, which would reduce transport and handling costs to $1,900 per order but increase carrying costs to $4.50 per chair per year. Should the company relocate based on inventory costs?
The answers to the given questions are as follows:
a) The optimal order quantity and the minimum total annual cost are obtained when the company orders 5,322 chairs at a time. The minimum total annual cost is $13,857.58.
b) The total annual cost is $18,232.53 if the company relocates to a new warehouse. Thus, it should relocate based on inventory costs.
a) The given data are as follows:
Annual demand from store customers = 17,400 chairs
Transport and handling costs = $2,600
Annual carrying cost = $3.75 per chair
Cost of placing an order = ?
We can find out the Economic Order Quantity (EOQ) using the given formula:
EOQ = √(2DS / H)
Where:
D = annual demand from store customers = 17,400 chairs
S = cost of placing an order
H = annual carrying cost per chair = $3.75
EOQ = √(2 × 17,400 × S / H)
For minimum total annual cost:
EOQ × H / 2 + D × S / EOQ = Total cost
EOQ × H / 2 = Annual carrying cost
EOQ × S / D = Number of orders placed
EOQ × S = Cost of placing an order
EOQ × H / 2 + D × S / EOQ = EOQ × H / 2 + (17,400 × EOQ / EOQ) × 2,600
= (EOQ² × 3.75) / 2 + EOQ × S
Using these formulas, we can form the following table given:
The optimal order quantity and the minimum total annual cost are obtained when the company orders 5,322 chairs at a time. The minimum total annual cost is $13,857.58.
b) The given data are as follows:
Transport and handling cost = $1,900
Carrying cost = $4.50 per chair per year
Cost of placing an order = ?
We can find out the Economic Order Quantity (EOQ) using the given formula:
EOQ = √(2DS / H)
Where:
D = annual demand from store customers = 17,400 chairs
S = cost of placing an order
H = annual carrying cost per chair = $4.50
EOQ = √(2 × 17,400 × S / H)
EOQ = 4,986 chairs
For minimum total annual cost:
EOQ × H / 2 + D × S / EOQ = Total cost
EOQ × H / 2 = Annual carrying cost
EOQ × S / D = Number of orders placed
EOQ × S = Cost of placing an order
EOQ × H / 2 + D × S / EOQ = EOQ × H / 2 + (17,400 × EOQ / EOQ) × 1,900
= (EOQ² × 4.50) / 2 + EOQ × S
The total annual cost is $18,232.53 if the company relocates to a new warehouse. Thus, it should relocate based on inventory costs.
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Which words means finds its food; a consumer.?
Answer:
The word that means finding its food is hunting
what is implicit cost
Answer:
In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent. It is the opposite of an explicit cost, which is borne directly.
all four areas of social responsibility for firms (economic, legal, ethical, and discretionary) are of equal importance in a firm's overall level of social responsibility.
A company's overall level of social responsibility depends on all four dimensions of corporate social responsibility: economic, legal, ethical, and discretionary. This statement is true.
Corporate social responsibility, or CSR, is a business strategy that takes into account how an organization affects society, its workforce, and other stakeholders. CSR is used to reduce harm, conduct ethical business, be accountable along the entire global supply chain, engage in philanthropy, and develop a self-directed human resource management system.
Throughout the 1950s and 1960s, social activist organizations (as well as others) promoted corporate social responsibility. The message to be socially and environmentally conscious, however, didn't become crystal evident until the 1970s.
Carroll's methodology establishes consistency in an area lacking a precise, predetermined definition. However, since this model was created in 1991, it is no longer relevant in the current corporate climate.
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Correct question:
All four areas of social responsibility for companies (economic, legal, ethical, and discretionary) are equally important to a company's overall level of social responsibility. True or false.
What are some ways that the Federal Reserve can affect your own financial decisions?
The Federal Reserve, as the central bank of the United States, can affect individual financial decisions in a number of ways:
Interest rates: The Federal Reserve has the power to set interest rates, which can have a significant impact on borrowing costs for individuals. Higher interest rates can make it more expensive to take out loans or carry credit card debt, while lower rates can make borrowing more affordable.
Inflation: The Federal Reserve also monitors and manages inflation levels in the economy. High levels of inflation can erode the value of savings and investments, while low levels of inflation can provide a more stable economic environment.
Economic growth: The Federal Reserve's monetary policies can impact the overall state of the economy and job market, which can affect individual financial decisions such as whether to invest in stocks or real estate.
Bank regulation: The Federal Reserve regulates banks and financial institutions, which can impact the availability and cost of credit, as well as the overall stability of the financial system.
Overall, the Federal Reserve plays a significant role in shaping the economic environment in which individuals make financial decisions, which can impact everything from borrowing costs and investments to job opportunities and overall financial stability.
~~~Harsha~~~
in order for a firm to successfully make a new product out of a competitor's product, that firm must engage in blank______ to figure out how to bring an improved version to the market.
When it comes to making a new product out of a competitor's product, a firm must engage in market research to figure out how to bring an improved version to the market.
Market research refers to the process of collecting and analyzing data about a particular market, including consumer preferences, buying habits, and behavior.
It is an essential part of the product development process as it helps companies gain insights into the needs of their target audience and develop a product that meets those needs.
The first step in the market research process is to identify the target audience. This involves segmenting the market into groups of people with similar characteristics, such as age, gender, income, and interests.
Once the target audience has been identified, the next step is to collect data on their needs and preferences.
This can be done through surveys, focus groups, or interviews with potential customers. The data collected can then be used to develop a product that meets the needs of the target audience.
In addition to collecting data on the target audience, market research also involves analyzing the competition.
This involves identifying competing products in the market and analyzing their strengths and weaknesses. By doing so, a firm can identify areas where they can improve on the competition and develop a product that offers unique benefits to customers.
Market research is critical to the success of a new product. By gathering data on the target audience and analyzing the competition, a firm can develop a product that meets the needs of customers and offers unique benefits over the competition.
It is an ongoing process that should be used throughout the product development process to ensure that the product remains competitive and relevant in the market.
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In order for a firm to successfully make a new product out of a competitor's product, that firm must engage in competitive analysis or market research to figure out how to bring an improved version to the market.
Competitive analysis involves gathering and analyzing information about the competitor's product, its features, strengths, weaknesses, and overall market positioning. This includes understanding the target market, customer preferences, and identifying any gaps or opportunities for improvement.
Market research involves conducting surveys, interviews, focus groups, or analyzing existing data to gain insights into customer needs, preferences, and trends in the market. It helps the firm understand the demands and expectations of potential customers and identify areas where the competitor's product may be lacking.
By conducting competitive analysis and market research, the firm can gather valuable information and insights that can guide the development of an improved version of the competitor's product. This may involve identifying areas for innovation, adding new features, improving performance, enhancing user experience, or addressing any shortcomings identified in the competitor's product.
Ultimately, these research activities enable the firm to understand the market landscape, assess customer needs, and develop a strategic approach to bring an improved version of the competitor's product to the market, providing a competitive advantage and potentially capturing market share.
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how can you attract whole sale seller
Answer:
10 ways to increase your wholesale sales
1. Offer specials that bring retailers better-than-wholesale prices.
2.Provide outstanding customer service.
3.Make wholesale ordering, delivery, and billing as seamless as possible.
4 Streamline your operations.
5.Make order recommendations.
6.Create compelling, eye-catching campaigns.
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What is the financial impact on a company when a customer returns a product for a refund?
Since the corporation has previously accumulated for anticipated refunds and returns, there will be no impact on sales revenue.
What is Sales Revenue?Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting.
It is crucial to keep in mind that income is not necessarily the same as money received. Cash may be used to cover a portion of sales revenue, while methods like accounts receivable may be used to cover the remaining portion on credit.
Sales revenue can be represented on the income statement using either the total gross revenue or the total net revenue. All deductions for product returns, the potential for undelivered items, and the cost of bad debts, also known as uncollectible accounts receivables, are included in net revenue.
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What does a company do during the post-IPO stage?
a)uses proceeds to expand
b)sells stock to the public
c)files paperwork with the government
d)seeks financing from an angel investor
Answer:
A.Uses proceeds to expand.
Explanation:
Which factor would be most likely to lead to an unsuccessful IPO?
The additional $600 unemployment benefit ended on July 25, 2020. Even with the $300 Lost Wages Assistance Benefit, many Texans are being evicted from their homes and cannot provide basic necessities for their family. The unemployment rate is now over 7% in Texas, above our natural rate of unemployment. Did the government make the right decision with ending the extra $600 unemployment benefit from the CARES Act? Why or why not? Explain your position.
Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate
Explanation:
THERE ARE TEN BUTTONS ON THE TABLE
Answer:
what
Explanation:
..............................cool................
According to the video, what are a Computer Programmer's real skills? Check all that apply.
✅breaking down a job into small steps
❌researching what customers want
✅anticipating problems
❌selling software products
❌coordinating a group of workers
Answer:
1 3 thx for the answer!
Explanation:
Answer:
THANK YOU SO MUCH
Explanation:
Which of the following is a case of brand cannibalization?
A. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing brand of another manufacturer.
B. A tea manufacturer introduces a new but inferior brand of tea to promote the sales of an existing tea brand in its product mix.
C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
D. A tea manufacturer introduces a new brand of tea that has the unintended result of promoting the sales of an existing brand of another manufacturer.
Answer: C. A tea manufacturer introduces a new brand of tea that eats into the sales of an existing tea brand in its product mix.
Explanation:
What is debt??????????
Answer:
Debt is something, usually money, borrowed by one party from another. ... A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
Answer:
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon
Explanation:
which the following practices increase the likelihood that a company will pursue unethical business strategies? (choose every correct answer.) multiple select question. adjusting short-term goals when necessary to adapt to changes in the business climate putting pressure on company managers to meet short-term targets employing faulty oversight of daily business practices creating a culture that prioritizes ethical behavior above profitability
The practices that increase the likelihood of a company pursuing unethical business strategies are adjusting short-term goals when necessary to adapt to changes in the business climate, putting pressure on company managers to meet short-term targets, and employing faulty oversight of daily business practices.
Adjusting short-term goals to adapt to changes in the business climate can lead to short-sighted decision making that prioritizes immediate gains over long-term sustainability. This can lead to unethical practices such as cutting corners or disregarding regulations in order to meet these short-term goals.
Putting pressure on company managers to meet short-term targets can lead to a culture of fear and stress, which can cause individuals to make unethical decisions in order to achieve these targets. This can include manipulating financial statements or engaging in deceptive marketing practices.
Employing faulty oversight of daily business practices can also lead to unethical behavior going unchecked. This can include a lack of internal controls or audits, allowing for fraudulent or unethical practices to occur without detection.
Creating a culture that prioritizes ethical behavior above profitability can actually decrease the likelihood of a company pursuing unethical strategies, as it reinforces the importance of ethical behavior and encourages employees to prioritize this over short-term gains.
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Why is money management important? How would you rate your own money management?
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
in regard to strict liability in tort, which of the following is true in the case of a seller of used goods?
The seller of used goods can be held strictly liable for any defects in the goods they sell, even if they did not manufacture or create the defect is true.
Strict liability imposes liability on sellers for harm caused by defective products, regardless of fault or negligence. While the original manufacturer is typically the primary party held strictly liable, in the case of used goods, the seller can also be subject to strict liability. This means that if a defect in the used goods causes harm to the buyer or other parties, the seller can be held responsible, regardless of whether they were aware of the defect or had any involvement in creating it.
In the context of strict liability in tort, the seller of used goods can be held strictly liable for defects in the goods they sell.
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Which of the following is a certificate of deposit (CD)?
An account paying 0.05% interest with no other limitations
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest
A "basket" of money pooled in by many investors to acquire securities based on the value of cash
An investment in stocks
A deposit that has to be maintained in the bank for 1 year in exchange of a 2% interest is a certificate of deposit (CD).
What does a CD certificate entail?In exchange for holding a specific amount of money for a specific length of time, such as six months, a year, or five years, a certificate of deposit (CD) is a savings account that earns interest from the issuing bank.
What's the procedure for a CD certificate of deposit?A certificate of deposit (CD) is a savings instrument that yields interest on a one-time payment for a predetermined amount of time. In contrast to savings accounts, CDs require that the money remain untouched for the duration of the term in order to avoid penalty fees and lost interest.
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when you pay off a loan at a bank, the money supply becomes smaller. True or False
True, when you pay off a loan at a bank, the money supply becomes smaller.
When a bank issues a loan, it creates new money, increasing the money supply in the economy. This happens because banks operate on a fractional reserve system, meaning they only need to hold a small percentage of deposits as reserves and can lend out the rest. When you pay off a loan, you are effectively reducing the amount of money in circulation. This is because the money you use to pay off the loan is removed from your account, and the bank's outstanding loans decrease, reducing its capacity to create new money through lending.
Consequently, the money supply in the economy becomes smaller when loans are paid off, helping to maintain a balance in the financial system.
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How many days does the pay stub cover?
Answer:
Pay stubs are usually an extent of 30 days which is a month.
If you were selling innovating lawn chairs that included sunshades with built in misting fans, what role would Amazon and Costco be most likely to play in your business model?
If you were selling innovating lawn chairs that included sunshades with built in misting fans then the roles here are Distribution Channels.
Explain in detail.
A distribution channel is a network of businesses or middlemen where the final consumer buys a product or service. Wholesalers, retailers, distributors, and the Internet are examples of distribution channels. The manufacturer sells directly to the customer through a direct distribution channel.Direct sales, online sales, wholesalers, and retailers are a few examples of distribution routes.Market, Product, Company, Channel, and Environment Related Factors are 5 Important Factors Affecting Distribution Channel Selection. The distribution of goods can be done through a variety of channels.To know more about Business here
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A manager and an employee were having an animated argument. The manager was gesturing at the employee with his left hand in which he was holding a pen. Out of anger, the employee swung at the pen, intending to knock the pen out of the manager's hand. The pen flew through the air and hit an office assistant, who was walking by at the time.
If the office assistant sues the employee, who will prevail?
A. The employee, because he did not intend to touch the office assistant.
B. The office assistant, unless a reasonable person in the employee's position would not expect the pen to strike another.
C. The employee, but only if the office assistant's presence was unforeseeable.
D. The office assistant, because the employee intended to touch the pen.
The office assistant is likely to prevail in a lawsuit against the employee, as the employee's action of swinging at the pen resulted in the pen hitting the office assistant.
In this scenario, the employee's action of swinging at the pen, even if intended to knock it out of the manager's hand, resulted in the pen flying through the air and striking the office assistant. This constitutes an unintentional or accidental act that caused harm to another person.
Option D (The office assistant, because the employee intended to touch the pen) is incorrect because the employee's intention was to knock the pen out of the manager's hand, not to directly touch or harm the office assistant.
Option A (The employee, because he did not intend to touch the office assistant) is also incorrect because intention does not absolve liability when an individual's actions result in harm to another person.
Option C (The employee, but only if the office assistant's presence was unforeseeable) is not a likely outcome as the office assistant's presence in an office environment would typically be considered foreseeable.
In this situation, the office assistant is likely to prevail in a lawsuit against the employee due to the employee's action causing harm to the office assistant, even though the employee's intention was not directly aimed at the office assistant.
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Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: weighted average, specific identification, first in first out, last in first out
Explanation:
Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.
The correct answer is b. unearned revenue.
Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.
Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.
When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.
In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.
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