Only price level will fluctuate over time as a result of a movement in the overall demand curve.
Why do demand curves exist?The connection between the cost of an item and product and the number demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left y axis and the horizontal axis, respectively.
The demand curve: Why is it significant?When companies decide on prices, the demand curve may be a useful tool. This is so that the demand curve may display the price at which consumer response begins to decline and the price at which demand is highest.
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Table below gives information about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly. Using the information, what quantity of output will the firm produce if it wishes to maximize profit? Price Quantity Demanded LRAC $12 100 $6.00 $10 200 $5.50 $8 300 $5.33 $ $7 400 $5.50 $6 500 $6.00
Based on the information table about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly, the firm has to produce 200 units (B) of output to maximize its profit.
Natural monopoly happens because the long-run average cost falls continuously over a large range of output. Natural monopoly happens when only one firm is able to fully exploit the economic of scale in a maket and achieve productive efficiency.
To find the quantity of output when the firm could maximize its profit, we need to use profit formula where:
Profit = Total Revenue - Total costs
Using the data given, we know that:
Price Q demanded LRAC TR TC Profit
$12 100 $6.00 $1,200 $600 $600
10 200 5.50 2,000 1,100 900
8 300 5.33 2,400 1,599 801
7 400 5.50 2,800 2,200 600
6 500 6.00 3,000 3,000 0
From each scenario, we know that the firm has to produce 200 units of output to maximize its profit.
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Complete Question:
Table below gives information about the demand curve and the long-run average cost curve for an electric utility that is a natural monopoly. Using the information, what quantity of output will the firm produce if it wishes to maximize profit?
(Table attached below)
a. 100
b. 200
c. 300
d. 400
suppose that the money supply is $1 trillion and money velocity is 4. then the equation of exchange would predict nominal gdp to be: multiple choice $8 trillion. $5 trillion. $4 trillion. $1 trillion.
The velocity of money can be calculated as the ratio of nominal gross domestic product (GDP) to the money grant (V=PQ/M), which can be used to gauge the economy's power or people's willingness to spend money.
What is nominal GDP formula?Nominal GDP = Real GDP x GDP Deflator
Nominal GDP: An monetary measure that measures the price of all financial outputs at the prevailing market prices. Real GDP: An financial measure that bills only for the alternate in quantity output.
How do we calculate pace of cash in the equation of exchange?The pace of cash is calculated by dividing the nominal GDP by using the volume of cash in the economy. The extent of cash in the economy is the cash supply, which is decided through the central bank.
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https://brainly.com/question/29411836#SPJ4the purpose of a marketing channel is to make products available at the right time at the right place in the right quantities.
a. true
b. false
The purpose of a marketing channel is to make products available at the right time at the right place in the right quantities. This statement is truth. Thus, option (a) is correct.
What is marketing?The practice of a business promoting the purchase and sale of goods and services is referred to as “marketing.” Promotion, publicity, and advertising make up marketing.
According to the marketing strategy was the based on the marketing channel are the introduced the new product to the right time at the right place in the right quantities. There was the based to consumer needs and the preferences.
Therefore, option (a) is correct.
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Which of the following is not one of the factors that can increase wage rigidity in the labor market?
A. Gov't taxation of labor income
B. collective bargaining
C. Increased union membership
D. Worker resistance to a decline in wages.
The following is not one of the factors that can increase wage rigidity in the labor market Gov't taxation of labor income. Thus the correct option is A.
What is Tax?A tax is referred to a certain amount that is collected by the government of any country from its citizens which is later on used in the development process of the country including building hospitals, roads and maintaining transportation, and so on.
It is frequently claimed that rigidities in the labor market make it difficult for older employees to find employment. Limitations on work hours imposed by companies that use team production or have large fixed expenses for staff are a significant source of flexibility.
Therefore, option A is appropriate.
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a tqm team at narton corp has recorded the following average times for production: wait 3.0 days move 0.5 days inspection 0.4 days queue 9.3 days process 0.2 days what is the manufacturing cycle efficiency (mce)?
The percentage of production time that is spent on value-added activities is known as manufacturing cycle efficiency.
What is manufacturing cycle efficiency?Manufacturing cycle efficiency is a way to quantify the portion of production time that is spent on value-added tasks. With the help of this knowledge, a company can eliminate non-value-added activities, cutting costs and shortening the time needed to produce a good. Both outcomes can be used as competitive advantages because they allow a company to lower prices while still making good profits and provide customers with quicker turnaround times. Subtract the value-added production time from the total cycle time to arrive at the measurement. The total cycle time is the sum of all the process, inspection, queue, and move times. This analysis typically leads to the conclusion that the amount of process (value-added) time makes up a disproportionately small portion of the overall cycle time.
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Which of the following is applied in determining the liability of a partnership and of the other partners for the torts of a partner and other partnership employees?
Respondeat superior
When assessing who is responsible for a partnership and its other partners for the wrongdoings of a partner and other partnership employees, respondeat superior is used.
What is respondeat superior?
According to the doctrine of respondeat superior, a party is liable for the actions of its agents. For instance, there are situations in which an employer is accountable for actions taken by workers while they were working for them in the United States.Respondeat superior, which literally translates as "let the master answer," is one form of vicarious liability. When respondeat superior is in effect, an employer is responsible for any negligent acts or omissions committed by an employee while acting within the course and scope of employment.Read more about respondeat superior
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Leroy's total employee compensation was $50,150 last year. His total job expenses for traveling and for professional developement for the year were $3,500. Which of the following represents his total job benefits
Leroy's total employment compensation is $46,650. To get this his total expenses for traveling and professional development for the year would be subtracted from his total job benefits.
Total job benefits = $50,150
Total job expenses = $3,500
Calculating the total employment compensation:
To get total employment compensation,
Subtract total job expenses from total benefits i.e.,
Total employment compensation = Total job benefits - Total job expenses
⇒$50,150 - $3,500
⇒$46,650
Therefore, his total employment compensation is $46,650.
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which of the following are true of order-getting? (check all that apply.) multiple select question. it is an entry-level position with a relatively low salary. it involves little more than having a strong network of contacts. it involves intimately knowing the product or service. it involves searching for potential buyers.
Statements that are true about order getting are-
c. It involves intimately knowing the product or service.
d. It involves searching for potential buyers.
Order getting- An order getter is a sales team member who is in charge of generating leads and convincing customers to buy. These salespeople look for new customers, contact potential leads, and use various persuasive techniques to persuade them to buy products.
Order takers rely on the customer to make their own purchasing decisions. Order takers get to know their customers and can help them make purchasing decisions. When it comes to selling, the majority of your time should be spent on establishing trust with your prospective buyer.
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which of the following statements is most true about zero coupon bonds? a) they typically sell at a premium over par when they are first issued
The assertion regarding zero coupon bonds that is most accurate is that they usually trade at a significant discount below par when they are first issued.
What exactly is a bond coupon?
A coupon, also known as a coupon payment, is the annual interest rate on a bond that is paid from the issue date until maturity. It is stated as a percentage of the face value of the bond. Typically, when discussing coupons, the coupon rate is used (the sum of coupons paid in a year divided by the face value of the bond in question).
How do coupons and bonds differ from one another?
A regular bond and a zero-coupon bond vary in that normal bonds pay interest in the form of coupons.
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when a pure monopoly practices first-degree price discrimination,: multiple choice question. the marginal revenue curve becomes the supply curve. the demand curve is below the marginal revenue curve. the demand curve becomes the marginal revenue curve. the demand curve is above the marginal revenue curve
For a monopoly, the marginal revenue is below the demand curve because the monopoly has to lower the price on all units to sell more.
When the demand curve slopes downward, the marginal revenue curve always lies below the demand curve on a graph because marginal revenue is lower when a producer must decrease his price to sell more of a good.
The marginal revenue curve can be created by computing total revenue as a function of quantity, then taking the derivative. Marginal revenue is the derivative of total revenue. The total revenue formula is then used to get total revenue after first solving the demand curve for price rather than quantity (this formulation is known as the inverted demand curve).
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savings accounts and money market accounts are most appropriate for: long term investments. earning a high rate of return. emergency and short-term needs. none of these.
Savings accounts and money market accounts are most appropriate for emergency and short-term needs.
In the field of economics, a market is a collection of structures that allow for the exchange of goods and services between parties. The majority of markets rely on sellers providing their goods or services to buyers in exchange for money, although parties may exchange goods and services by barter.
It is possible to define a market as the mechanism by which the costs of goods and services are decided. Markets allow for the distribution and allocation of resources in a society as well as the facilitation of trade. Any tradable good can be assessed and valued in a market.
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The churches most common in suburban America tended most frequently celebrated which of the following cultural values? Economic individualism.
The churches most common in suburban America tended most frequently to celebrate Nonviolence and peacemaking.
Nonviolence is the private practice of not causing harm to others under any situation. it could come from the perception that hurting human beings, animals and/or the environment is unnecessary to obtain an final results and it can talk over with a standard philosophy of abstention from violence. it could be based totally on ethical, spiritual or spiritual principles, or the motives for it is able to be strategic or pragmatic.[1] Failure to differentiate between the 2 varieties of nonviolent procedures can cause distortion within the concept's meaning and effectiveness, that could eventually result in confusion among the audience.
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As organization size increases, the likelihood that there will be a highly centralized HR department _________.
A. increases
B. decreases
C. stays about the same
D. none of the above
The chance of having a heavily centralized human resources department (a) rises with increasing organization size.
What is the meaning of human resource department (HR)?The division of a business organisation that handles employee hiring, management, and termination is known as human resource management, or HRM. HRM places a strong emphasis on the role that people play in a company, ensuring that best work practises are always followed.
The purpose of HRM procedures is to manage the workforce so that the organisation may fulfil its mission and uphold its culture. Successful HR managers may help with the recruitment of new hires who possess the skills required to promote corporate objectives as well as the training and development of current employees to help them reach objectives.
How does HRM work?Human resources management is carried out by devoted HR experts, who are in charge of carrying out day-to-day HR-related tasks. In most organisations, human resources will take up an entire department.
Each position within an HR department may differ greatly between diverse companies in terms of size, structure, and function. Smaller businesses frequently employ a limited number of HR generalists who are each responsible for a variety of HR tasks. More specialised positions may exist in larger companies, with particular employees in charge of duties including hiring, managing personnel, administering immigration and visas, offering benefits, paying salary, and more. Even while certain HR careers are distinct and specialised, job responsibilities can overlap.
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To pay for the new car, you've decided to start a bakery business out of your home kitchen. You have limited capital and capacity, so you need to make wise decisions about which products to bake each day. Go to the Bakery Business worksheet. Cell B1 uses a SUMPRODUCT formula to calculate profit. Carefully review the assumptions and formulas in this worksheet before entering the following Solver parameters:
Find the maximum possible profit (cell B1) by changing the values in cells C7:C10.
The working hours required (B3) must be less than or equal to the number of working hours in the day (D3).
The total cost of ingredients (B4) must be less than or equal to the available capital (D4).
For each item in the range C7:C10, the number of items baked cannot exceed the maximum capacity available per day as defined in cells F7:F10. This restriction requires four separate constraints in the Solver Parameters dialog.
The items in the variable cell range C7:C10 must be whole numbers.
There should be a total of seven constraints.
Run Solver and accept the Solver solution.
Optimal number to make each day
Birthday Cake 1
Cupcakes (dozen) 4
Cookies, Shortbread (dozen) 0
Cookies, Lemon Bars (dozen) 5
Optimal profit $ 182.75.
most appropriate, Inc. or OptimalSocial, is a social media advertising era corporation that changed into obtained by way of brand Networks in October, 2013, for $35 million. The agency become offered with the aid of fb the Grand Prize for innovation in its fb preferred advertising and marketing Developer Innovation contest on October 9, 2013, from amongst over 60 businesses getting into. choicest, Inc. modified its call from XA.internet, Inc. in 2012. at the identical time, it named Mike Greenfield to its advisory board.
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Which pricing approach for a restaurant would have the greatest risk of adverse selection due to buyers having private information?.
Offering a set price all-you-can-eat buffet.
The all-you-can-eat buffet-style service, also known by the older term of smorgasbord or the more modern names of salad or food bar, is still a well-liked substitute for full-service restaurant service. The "cheap" steakhouse franchises Ryan's and Golden Corral are not the only ones that practise it. Buffet services are also used at hotels and country clubs for Sunday brunch and business concepts like Sweet Tomatoes that emphasise salads. When determining a meal cost and a set price to charge, the operator faces a dilemma because consumers can eat as much and as anything as they choose. It is not, however, as uncertain and challenging as it may initially seem, as this article will explain.
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The concentration ratio measures the Relative size of a firm compared to other industries. Percentage of total profits made by a firm in a specific market. Number of plants owned by an oligopoly. Proportion of total output produced by the largest firms in a specific market.
The concentration ratio measures the Proportion of total output produced by the largest firms in a specific market.
The concentration ratio is a ratio that shows how big a firm is in comparison to the entire industry. In contrast to one with a ratio close to 100%, which would be obvious in an industry defined by a true monopoly, one with a low concentration ratio would indicate stronger rivalry among the enterprises in that industry. The market share percentages owned by the biggest specified number of firms in an industry are added to determine the concentration ratio. The concentration ratio, which goes from 0% to 100%, provides information about how competitive a given industry is. A concentration ratio between 0% and 50% may signify perfect competition in the sector and is regarded as low concentration. As a general rule, an oligopoly is present when the top five market players account for more than 60% of all market sales. When a single company's concentration ratio equals 100%, the market is said to be monopolised.
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if the return distribution for the asset is described as below, what is the standard deviation for the asset's returns? (do not round your intermediate calculations. round your percentage answers to two decimal places.) return probability 12% 15% 10% 50% 7% 35%
If the asset's return distribution is known, then its standard deviation is 1.79%
Investors may find volatility to be both a difficulty and an opportunity. It is a challenge since a significant loss in portfolio value could occur quickly. At the same time, volatility gives knowledgeable investors the chance to profit from brief price fluctuations and buy stocks at a discount to their true worth.
Let,
pi = probability of state i
Ri = return in state i
The weighted average of all returns will yield the expected return:
R = ∑ pi * Ri
R = (0.15 * 0.12) + (0.5 * 0.1) + (0.35 * 0.07)
R = 0.018 + 0.05 + 0.0245
R = 9.25%
Computation of Standard Deviation:
SD = √∑pi * (Ri - R)²
SD = √0.15 * (0.12 - 0.0925)² + 0.5 * (0.1 - 0.0925)² + 0.35 * (0.07 - 0.0925)²
SD = 1.79%
Therefore, the Standard Deviation for the asset's returns = 1.79%
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The perceived value of benefits rises when employers introduce choice through a flexible benefits package. True/False
The perceived value of benefits rises when employers introduce choice through a flexible benefits package.
What is flexible benefits package ?Employers who offer choice through a flexible benefits package increase the perceived value of benefits.While employees are more concerned with cost when evaluating the competitiveness of benefits, senior management frequently places a greater emphasis on value.A benefits package that gives employees the option of a range of benefits, such as cash, life and health insurance, paid time off, retirement plans, and child care.A flexible benefits plan, also known as a full flex plan, is a kind of cafeteria plan benefit under Section 125 of the Internal Revenue Code that gives employees the option of receiving their pay as cash or as nontaxable benefits like life and health insurance, retirement plans, and child care.To learn more about flexible benefits package refer
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a financial adviser that recommends non-actively managed exchange traded funds (etf's) is most likely a proponent of which form of the efficient market theory?
According to the Efficient Market Hypothesis (EMH), the prices of investment securities like stocks already take into account all available information.
How does the ETF strategy work?
Exchange-traded funds are the best financial tools for new traders and investors since they have a variety of advantages. Dollar-cost averaging, asset allocation, trading strategies, industry rotation, short selling, trends, and hedging are a few ETF trading methods that are particularly good for beginners.
Exchange-traded funds (ETFs) are being used by more investors to create diversified portfolios. If you are aware of the risk/reward trade-offs, perhaps you should be as well. An ETF is a collection of securities, the shares of which are traded on a market.
Therefore, The liquidity of an ETF comes from two sources: the liquidity of the underlying shares and the liquidity of the fund itself.
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data are obtained for a group of college freshmen examining their sat scores (math plus verbal) from their senior year of high school and their gpa during their first year of college. the resulting regression was predicted gpa
The resulting regression was predicted GPA is Predict the outcome of one variable from the outcome of a second variable.
The variable we are predicting is called the reference variable and is denoted as Y. The variable on which the prediction is based is called the predictor and is denoted as X. The magnitude of the correlation coefficient indicates the strength of the association. A prediction is a statement intended to tell you something about the future.
Predicted grades are qualifying grades that an applicant's school or college is expected to achieve under favorable circumstances. These predicted grades are used by colleges as part of the admissions process to help understand an applicant's potential. The expected result of an experiment is derived from a hypothesis or theory. This is a guess at the possible outcome of the scenario.
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cash equivalents include a.stocks and short-term bonds b.money market accounts and commercial paper c.coins and currency d.
Cash equivalents include money market accounts and commercial paper.
cash markets include markets for such instruments as financial institution bills, including time period certificate of deposit; interbank loans (loans between banks); money marketplace mutual budget; business paper; Treasury bills; and securities lending and repurchase agreements (repos). cash marketplace accounts—also referred to as cash marketplace deposit debts (MMDAs)—are hobby-bearing deposit bills that are specifically designed to securely preserve a depositor's savings. As with maximum financial savings accounts,
they pay hobby on the money which you go away to your account and they may be normally FDIC insured. cash marketplace finances are normally considered one of the most solid investments—they enjoy low volatility and are less prone to market fluctuations. money funds are also extra liquid than different investments with comparable returns, including CDs, because they permit you to withdraw coins or buy different investments quick.Learn more about money market here: https://brainly.com/question/26893654
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A decrease in the price of good Y will have what effect on the budget line on a normal X-Y graph?
A. Increase the vertical intercept
B. Decrease the horizontal intercept
C. Parallel outward shift of the line
D. Parallel inward shift of the line
A. Increase the vertical intercept.
What is budget line?It is a graphic representation of every potential pairing of two commodities that, given a consumer's income and price range, might be purchased, with the cost of each pairing being equal to the consumer's take-home pay.
The budget line displays all possible product pairings that a buyer, given his financial situation and the cost of the two commodities, could buy. The formula for a budget line is M=PX. QX+PY.
The price ratio between good 1 and excellent 2 determines the budget line's slope. This would be the x axis price of the good divided by the y axis price of the good. A budget line's slope is always negative because it slopes downward.
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which of the following firms is most likely to receive venture capital? question 35 options: a) book retailer b) virtual reality internet company c) laundromat d) convenience store e) local fast-food restaurant
Virtual reality Internet company is most likely to receive venture capital.
Startups and other firms with the potential for significant and quick growth are typically supported by venture capital (VC). To invest in potential businesses or even bigger venture funds, venture capital firms (VC firms) raise money from limited partners (LPs).
There are various animators, visual effects artists, and technicians on the VRC development team who have won or been nominated for Academy Awards. Jurassic World VR Expedition features a novel approach to VR and was written and directed by James Lima, a visual effects artist who has received multiple Emmy Award nominations.
For a five-minute thrilling, terrifying adventure to save the dinosaurs who were allowed to roam the island at the end of the 2015 Jurassic World movie, participants will be placed into the Jurassic World setting.
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How will you determine which bank you will choose when you are ready to open a checking and savings account?.
Incentives within the type of earned interest or rewards could also be a key thought for selecting a bank account. Fixed charge checking accounts pay interest to the account holder, kind of like however interest is earned on a bank account.
The bank you select ought to meet your desires. If you’re entrepreneurial, you’ll desire a bank that may offer support as you build a business. If you’re making an attempt to save lots of more cash, explore for a bank that provides options to assist you reach your goals. Some banks, for instance, allow you to open and name separate savings accounts.
But you must choose ones that best fit your desires and supply a number of advantages. make certain to not compromise on the protection of your hard-earned cash, and so do thorough background checks before you park your hard-earning cash.
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describe what a petty cash fund is by completing the following sentence. a petty cash fund is used for
Petty Cash Funds are established for departmental use for incidental and emergency small-dollar purchases where the use of alternative means.
What is cash fund ?The petty cash fund can be described as the special fund that can be set up so as to be able to cater for minor expenses with cash , and this is usually done by paying by cheque and it can be seen as one that is usually replenished to the imprest amount.
It should be noted that a petty cash fund can be regarded as the small amount of company cash, and can be used to tyake care of incidental expenses which could includes the office supplies or employee reimbursements.
In conclusion, the petty cash fund can be seen as one that can undergo periodic reconciliations, as well as transactions whichg can be recorded on the financial statements, hence Petty Cash Funds are established for departmental use.
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What are the 4 major market forces?.
According to a report in USA Today (February 1,2012), more and more parents are helping their young adult children get homes. Suppose eight persons in a random sample of 40 young adults who recently purchased a home in Kentucky received help from their parents. You have been asked to construct a 95% confidence interval for the population proportion of all young adults in Kentucky who received help from their parents. What is the margin of error for a 95% confidence interval for the population proportion? (Round intermediate calculations to 4 decimal places.) A. 1.645(0.0040) B. 1.645(0.0632) C. 1.96(0.0040) D. 1.96(0.0632)
The margin of error for a 95% confidence interval for the population proportion is 1.96(0.0632).
Moe far 95% C.I for the proportion:
n=40
Q= 8/40 = 0.2
= 1.96^Q(I-Q)/n
=1.9^0.2*0.8/40
= 1.96*0.0632
For huge random samples, a self assurance c language for a populace suggest is given by. pattern suggest ± z ∗ s n. in which z* is a multiplier wide variety that comes from the ordinary curve and determines the extent of self assurance.
A self assurance c language, in statistics, refers to the chance that a populace parameter will fall among a fixed of values for a sure percentage of times. Analysts frequently use self-assurance durations than comprise both 95% or 99% of predicted observations.
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Over the past two decades, there has been an increase in regional FILL IN THE BLANK that encourage regional economic integration. trade blocs.
'Over the past two decades, there has been an increase in regional trade blocs. that encourages regional economic integration.
Economic integration or regional integration is an agreement between nations to reduce or eliminate trade barriers and agree on fiscal policies. For example, the European Union represents full economic integration. Hard-line nationalists may oppose economic integration for fear of loss of sovereignty.
Global Economic Integration. Measuring the impact of globalization on individual economies. People, businesses and economies are more integrated and connected than ever before. This fosters connectivity, leading to professionalization, innovation and economic progress.
Economic Theory. The framework of economic integration theory was established by Jacob Viner (1950).
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advertising is the action of a firm that is intended to maintain the differentiation of its product over time.
Brand management is the action of a firm that is intended to maintain the differentiation of its product over time.
In advertising and marketing, brand management begins with an evaluation of how a logo is presently perceived in the marketplace, proceeds to plan how the emblem ought to be perceived if it's far to acquiring its goals, and keeps with ensuring that the brand is perceived as deliberate and secures its targets. growing a good courting with goal markets is important for brand management.
Tangible elements of brand management include the product itself, its look, price, and packaging, and so on. The intangible factors are the reviews that the target markets share with the brand, and additionally the relationships they have got with the brand. A brand manager would oversee all components of the consumer's brand association in addition to relationships with contributors of the delivery chain.
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Business Models Matter, Ann Miura-Ko
- Business models will enable you to understand exactly what your assumptions are
- If dollars in are not greater than dollars out you need to rethink business model
- The combination of elements leads to "dollars in" being greater than "dollars out" or not
Business Models Matter, Ann Miura-Ko: At the seed stage, it's the business model that matters, not the business plan. Business models will allow you to understand exactly what your assumptions are. If the dollars in are not greater than the dollars out, you need to rethink your business model.
The phrase "business model" describes a company's strategy for turning a profit. It lists the goods or services the company intends to offer, its chosen target clientele, and any budgeted costs. For both new and existing firms, business models are crucial.
Before defining the clients for whom the problem will be handled, specify the issue you plan to address. Identify the client and the issue next. Define a range of potential answers after that. Define a range of potential monetization options for that solution, put them to the test, and then select your business model.
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