opportunity costs are benefits lost when choosing one option over another and should be considered in decision-making. Thus options A and B are correct.
What does the opportunity cost?Opportunity cost refers to a scenario of excess where a person has a number of options accessible and chooses one over another by weighing their relative value.
Opportunity costs can be seen in any situation where a person must choose between giving up one thing and keeping another. This hypothesis argues that economic agents choose actions that maximize gains.
Therefore, option A and B is appropriate.
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FILL IN THE BLANK Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 units and an ending balance of 150 units. _____ units were completed and transferred out.
To determine the number of units completed and transferred out, we need to use the following formula:
Units completed and transferred out = Units started during the period + Beginning goods in process inventory - Ending goods in process inventory
Substituting the given values, we get:
Units completed and transferred out = 675 + 225 - 150
Units completed and transferred out = 750
Therefore, 750 units were completed and transferred out.
The time frame for which a business prepares its financial statements and reports on its financial performance is known as an accounting period. It is also referred to as the fiscal year or the reporting period.
The accounting period, also known as the fiscal year, can be any length but is most often one year. Depending on their business needs and regulatory requirements, some companies may opt for a different accounting period, such as a quarter or a month.
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Suppose private saving in a closed economy is $12b and investment is $10b.
Suppose private saving in a closed economy is $12b and investment is $10b. The government budget deficit must equal $2b. Thus the correct option is D.
What is a Closed Economy?A closed economy refers to an economy that avoids or prevents trade activities with other countries and depends on strengthening the economy with domestic activities rather than using import or export as a feature to boost the economy.
Private saving = GDP - Investment
GDP=$12b
Investment = $10b.
Private saving= $12b- $10b.
= $2b
Therefore, option D is appropriate.
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The complete question is Probably
Suppose private saving in a closed economy is $12b and investment is $10b.
a. National saving must equal $12b.
b. Public saving must equal $2b.
c. The government budget surplus must equal $2b.
d. The government budget deficit must equal $2b.
fill in the blank. as an inbound marketer, you don't just want your touchpoints to be efficient, you want them to be .
As an inbound marketer, you don’t just want your touch points to be efficient, you want them to be empathetic.
What should an inbound marketer want ?As an inbound marketer, you want to create a positive and meaningful experience for your audience by understanding and addressing their needs and concerns.
Empathy is an important quality to cultivate in your marketing efforts because it allows you to connect with your audience on a deeper level, build trust, and foster long-term relationships.
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gregory and dianne are american citizens of cuban origin, and when their home loan is denied, they suspect discrimination. which of the following acts prohibits lender discrimination on the basis of the protected class of national origin?
The Equal Credit Opportunity Act prohibits lender discrimination on the basis of an applicant's protected class status, such as national origin.
What does national origin mean?
Birthplace, race, family, culture, and language all fall under the category of national origin. location of birth, ethnicity, and heritage National origin can refer to a country's territory as well as a region that crosses many nations.
Lender discrimination against applicants on the basis of their protected class status, such as their country of origin, is prohibited by the Equal Credit Opportunity Act.
Therefore, Lenders who make credit decisions on criteria other than an applicant's creditworthiness engage in lending discrimination.
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based on your understanding of the supply and demand dynamics of user/space markets, the new construction of units would, all else equal, cause which of the following effects?
The new construction of units would, all else equal, cause decrease in equilibrium rental rates and decrease in property value.
What is equilibrium?
When market supply and demand are in harmony, prices become stable. This is known as equilibrium. In general, a surplus of products or services leads to lower prices, which increases demand, while a shortage or undersupply raises prices, which decreases demand. A circumstance in which all factors acting cancel one another out, leaving the environment static or balanced. Any condition in the economy where forces are balanced is referred to as being in economic equilibrium.
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it is estimated that consumers are exposed to 6,000 to 10,000 ads every single day in addition to countless news stories, social media posts, and commercial and entertainment programing. to make sense of this information, consumers must select, organize, and interpret this information to create a meaningful picture of the world. selective perception includes three processes: selective exposure, selective comprehension, and selective retention. this activity is important because perception plays an important role in consumer behavior. The goal of this activity is to demonstrate your understanding of selective exposure, selective comprehension, and selective retention Match each scenario to the element of selective perception that it represents Not My Guy New Wheels Selective exposure Selective comprehension Selective retention Recalled Clunker Natural shoes Born to Ride Reset
The goal of this activity is to demonstrate as selective exposure are not my guy & clunker, selective comprehension are recalled & born to ride, selective retention are New Wheels & Natural shoes.
What do you mean by selective exposure?To prevent or decrease cognitive dissonance, people choose to concentrate on information in their surroundings that is consistent with and supports their present views.
Selective retention is the tendency for individuals to retain knowledge that is directly related to their needs, beliefs, interests, and values.
Therefore, the selective perception includes three processes so the goal of this activity is to demonstrate as:
Selective exposure are not my guy & clunker.Selective comprehension are recalled & born to ride.Selective retention are New Wheels & Natural shoes.To know more about the selective exposure, visit:
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FILL IN THE BLANK. __________is concerned with improving productivity and safety by designing workplaces, equipment, instruments, computers, workstations, and so on that take into account the physical capabilities of people.
a. Ergonomics
b. Job enrichment
c. Employee motivation
d. Job design
Option (a), By creating work environments, tools, computers, workstations, and other items that take into account people's physical capabilities, ergonomics aims to increase productivity and safety.
What is the workplace's ergonomics and climate?Ergonomics is the scientific study of people in their settings of work. To be more specific, ergonomists (pronounced like economists) adapt the work to the worker rather than the other way around. The goal is to lessen the discomfort and risk of harm associated with childbirth.
What physical considerations must to be made while designing an ergonomic workstation?The following ergonomic factors should be taken into account while designing a workstation: head height, shoulder height, arms reach, elbow tallness, hand height, leg length, and body and hand size.
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Write your first quote and the name of the Insurance company
"Expect the best, but be prepared for the worst."
The name of the Insurance company - Milda Insurance PLC
What is the quote about?The quote "Expect the best, but be prepared for the worst" means that you should approach life with a positive and optimistic outlook, but at the same time, you should be aware that things may not always go as planned, and you should be prepared to face challenges or difficulties that may arise.
The quote encourages a balance between optimism and realism. It's important to have a positive attitude and to hope for the best, but it's also important to be aware of potential risks and to take steps to mitigate them. This way, you can be ready to handle any unexpected situations that may come your way.
Therefore, the quote is often used in the context of insurance, where it is important to have coverage to protect yourself in case of unexpected events such as accidents, illnesses, or natural disasters. Having insurance can provide peace of mind, knowing that you are prepared for the worst while hoping for the best.
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marketers use three approaches to try to change consumer attitudes toward products and brands: (1) changing beliefs about the extent to which a brand has certain attributes; (2) changing the perceived importance of attributes; and (3) .
The three approaches that marketers use to change consumer attitudes toward products and brands are
changing beliefs about the extent to which a brand has certain attributes
changing the perceived importance of attributes;
adding new attributes to a product
Thus option (b), (c) and (d) are correct.
Who are consumers?Consumers are individuals or households who purchase goods and services for their own personal use or consumption. They are the end users of products and services and are an essential part of the economy.
Consumers play a critical role in the functioning of a market economy by creating demand for goods and services, which drives production and economic growth.
To change the consumer attitudes toward products and brands, the marketers use the three approaches that I have told above.
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The complete question might be:
select the three approaches marketers use to change consumer attitudes toward products and brands. multiple select question. change how consumers interact with the product or brand change the perceived importance of attributes change beliefs about the extent to which a brand has certain attributes add new attributes to the product
10 steps on how to turn an Idea into Reality?
It's easy to Visualization; all you need to do is set aside five minutes each day. If the dream you are having has already come true, close your eyes and picture exactly what you would be seeing.
What are the top 13 business success tips?13 Strategies to Boost Your Small Business's Success
Establish a personality for your brand.
Create a structure for your company and operational support systems.
Stay away from typical errors.
Embrace the neighbourhood and get involved.
Prioritize the needs of your staff.
Customers should be kept, not just acquired.
Create a plan.
Is it possible for my thoughts to come true?William James, an American psychologist and philosopher, once remarked that perception originates from thoughts, and reality is created from thoughts. Your reality is impacted by your thoughts. The world in which we live is only a reflection of the qualities and characteristics of
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What are the effects of an increase in the European money supply on the dollar euro exchange rate?
Answer: An increase in the european money supply will reduce the interest rate on the euro, and thus causes the euro to depreciate against the dollar. The US money demand and money supply are not going to be affected, and thus the interest rate in the US will remain the same.
Suppose Casey Title Company normally charges $700 for services related to selling a house. As part of a summer special, Casey offers customers a trade discount of 30%. On July 9, Linda Holmes uses the services of Casey and pays cash equal to the discounted price. Record the revenue earned by Casey on July 9
Cash account was debited $490 and service revenue account was credited $280.
When the revenue from services is credited, what is debited?The Cash asset account must be debited and another account must be credited whenever money is received. Due to the fact that the service was provided simultaneously with the cash reception, the revenue account Service Revenues is credited, increasing its account balance.
What does a journal entry for service revenue look like?When a customer pays in cash up front for services, a debit is issued to Cash and a credit is made to Service Revenue. The journal entry for services rendered on account contains a debit to the asset Accounts Receivable and a credit to Service Revenue.
Trade discount = $700 × 30% = $210.
Sale price = $700 − $210 = $490.
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manufacturing overhead consists of blank . multiple choice question. a. a single kind of direct b. cost many different kinds of direct c. costs many different kinds of indirect d. costs a single kind of indirect cost
Depreciation of machinery, wages paid to factory workers, and power used to run the machinery are common examples of manufacturing overhead expenditures.
What are the manufacturing overhead expenses?
Some examples of manufacturing overhead costs include depreciation of equipment, wages paid to factory personnel, and electricity used to operate the equipment.
Rent for the production facility is an example of an overhead cost in manufacturing. taxes on real estate, insurance for buildings and equipment, and facilities for production. Computers and communication tools for a commercial space.
Do production-related direct costs show up in overhead?
Manufacturing overhead, also known as factory overhead or production overhead, refers to any expenses related to a company's operations that are not directly related to direct materials and labor/payroll. Because it doesn't include direct labor or material costs, manufacturing overhead is occasionally referred to as an indirect cost.
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Daffy Taffy uses the weighted-average method in its process costing system. The company provided the following information:
Mixing Department Units Percentage Complete
Materials Conversion Beginning work in process inventory 200 55% 60% Units started into production during the period 3,000 Units transferred out during the period 2,600 Ending work in process inventory 600 25% 40% What is the number of equivalent units of production with respect to materials during the period?
2,750
2,860
3,150
3,200
Part 2
Throughout the period, there were 2,750 equivalent units of production in terms of materials.
What is meant by production?The process of mixing several inputs, both material and immaterial, to produce output is known as production. In a perfect world, this output would be a product or service that is useful to people and has value.
Companies that offer products have three main production process options to pick from. These three types of production are batch, flow, and jobs.
Producing something is the act of creating something out of components or raw resources. To put it another way, production employs inputs to produce an output that is fit for consumption—a good or product that has value for a customer or end-user.
Therefore,
The calculation of the material's equivalent unit is displayed below:
= (ending inventory units finished percentage) + (units transferred out completed percentage)
equals (600 units x 25%) + (2,600 units x 100%)
2.560 units plus 150 units
= 2,750 units
We must only use the units that have been transferred and the ending inventory units to calculate the equivalent units of the material.
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the scatter chart above displays the residuals versus the dependent variable, x. which of the following conclusions can be drawn from the scatter chart given below? the model captures the relationship between the variables accurately. the residuals have an increasing variance as the dependent variable increases. the regression model follows the standard normal probability distribution. the residual distribution is scattered about zero within a consistent distance.
The conclusion that can be drawn from the scatter chart given below is that the residuals have an increasing variance as the dependent variable increases. This can be seen in the chart as the points are spread out more as the x-value increases.
This suggests that the model does not capture the relationship between the variables accurately, as the residuals should be evenly distributed around zero if the model was accurate. Additionally, the regression model does not follow the standard normal probability distribution, as the residuals are not evenly distributed around zero. Lastly, the residual distribution is not scattered about zero within a consistent distance, as the spread of the residuals increases with the x-value.
Therefore, the correct conclusion from the scatter chart is: the residuals have an increasing variance as the dependent variable increases.
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In which of the following situations would Elijah be liable for the loss of the wheat against the new buyer?
a. If the buyer had not actually taken possession of the goods. b. If delivery had already occurred. c. If the buyer purchased the entire harvest rather than a portion. d. If the goods were considered fungible.
Answer:
A. If the buyer had not actually taken possession of the goods
Explanation:
_____ represent aid, grants, and gifts from one country to another. group of answer choices a. transfer payments b. factor income c. the balance of trade d. the balance of payments
Transfer payments represent aid, grants, and gifts from one country to another. option [a] is the correct answer for the above statement.
What does a country's ultimate balance of payments mean?
Both domestic and foreign financial transactions carried out by a nation's citizens are listed in the payment balance (BOP). The current account, capital account, and financial account are the three primary divisions of the BOP.
Government initiatives to redistribute funds to those in need are sometimes referred to as transfer payments by municipal, state, and federal governments.
Therefore, Transfer payments are the equivalent of gifts, grants, and help given from one nation to another.
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average manufacturing overhead cost per unit usually varies from one period to the next because blank . multiple choice question. variable overhead costs per unit vary when production changes the makeup of manufacturing overhead changes from period to period fixed manufacturing overhead remains constant in total even when production changes
The average manufacturing overhead cost per unit often varies from one period to the next for the reasons listed below: Even when production changes, fixed manufacturing overhead maintains its total value constant.
What is meant by average cost?The calculation of the average cost involves dividing the total arithmetic cost by the quantity or number of items provided. Below is the formula for calculating the average cost.As stated in the definition of average cost, it is the proportion of total cost to the quantity of manufactured goods. The sum of the fixed cost and the variable cost is referred to as the total cost, which is also known as the unit cost. As a result, Average Cost is calculated as Total Cost/Number of Units or (Fixed Cost + Variable Cost)/Number of Units.The total inventory purchased during the quarter, $113,300, is divided by the total inventory count during the quarter, 100, yielding a weighted average cost of $1,133 per unit.To learn more about average cost, refer to:
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On September 8, a company provides services on account to a customer for $1,900, terms 5/10, n/30. The customer pays for those services on September 15. Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the transactions for the company when the services are provided on September 8 ,Debit: Accounts Receivable $1,900,Credit: Service Revenue $1,900.
What is the Accounts Receivable?Accounts receivable is the money owed to a business by its customers for goods or services it has provided on credit. It is recorded as a current asset on the balance sheet and is typically one of the most liquid of a company's assets. Accounts receivable is typically reported net of any allowance for doubtful accounts, which is an estimate of the amount of receivables that may not be collected. When a customer pays an invoice, the amount is credited to the accounts receivable balance. Companies often offer customers incentives to pay their invoices early, such as discounts.
September 15
Debit: Cash $1,700
Debit: Discounts $200
Credit: Accounts Receivable $1,900
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Which of the following best describes a reward system that involves employees in its design and administration?
a. Bonus systems b. Flexible reward system c. Open pay system d. Participative pay system e. Merit pay plans
A reward system that involves employees in its design and administration is best described as a Participative pay system. Thus the correct option is D.
What is a reward system?A reward system is a technique employed by an individual to encourage someone else by appreciating what they have accomplished. It frequently occurs when parents and organizations show their appreciation for their respective children and employees.
Giving employees a feeling of ownership and responsibility through a participatory pay system is possible for businesses. The management, development, or both of the systems may be the participative pay system's responsibility.
Therefore, option D is appropriate.
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as noted above, only targetbuy can be used for this analysis, and should have a role of target. can targetamt be used as an input for a model used to predict targetbuy? why or why not? [hint: does tragetamt has a causal relationship with targetbuy?]
TargetAmt is the overlapped measure of TargetBuy in this instance, we are unable to use TargetAmt as an input to predict TargetBuy.
Why is red being discontinued by Target?He stated, "It's bringing the outside in." Additionally, Target is using red sparingly in its stores, preferring to use neutral colors as a more contemporary background against which to use red splashes to make items stand out. Perdew stated, "The days of painting everything red are completely over."
Is Target going to come to India?Target in India is uniquely positioned to solve significant business issues for Target and the retail industry thanks to a high-performing ecosystem that mirrors our headquarters in the United States.
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Paying down debt in ____________atur months or less works best for most people.
Paying down debt in 12 months or less works best for most people.
What is debt ?Debt is an obligation to repay a loan or other financial obligation. It is borrowed money, goods, or services that the borrower is responsible to repay, usually with interest. Debt can be secured by collateral, such as property, or unsecured, such as a credit card balance. It is important to understand the terms of the loan, including the interest rate and repayment schedule, to ensure that the debt can be paid back in a timely manner.
This allows individuals to make consistent, regular payments to pay off their debt as quickly as possible. It also gives individuals a timeframe that they can work towards and a goal that they can strive to achieve. Making consistent payments each month will help individuals pay off their debts faster, while also avoiding late fees and other penalties.
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The time value of moneySuppose that manuel prefers current consumption to future consumption. thus, manuel is said to have time preference.Consider a country where life expectancy is 95 years. Two citizens, Van, 84 years old, and Amy, 29 years old, are relatively healthy for their ages.Assuming that Van and Amy maximize their life-time consumption, which of the following statements is most plausible, all else equal?1.) Van and Amy are indifferent between saving for the future and current consumption.2.) Van has a much higher time preference than Amy has.3.) Van and Amy have very similar time preferences.4.) Van has a much lower time preference than Amy has.
Van has a lesser time preference than Amy, according to the information available, since he has experienced a larger part of his life and is nearing the end of his life expectancy.
What is time preference?Temporal preference is a term used in economics and finance to describe people's propensity to favour current products and services over similar ones in the future. It illustrates the notion that, despite the fact that future consumption is predicted to increase in both quantity and quality, people value present consumption more than future consumption.
This idea plays a crucial role in influencing how people choose to borrow, spend, and save money. While those with lower time preferences are more likely to postpone satisfaction and save or invest for the future, those with higher time preferences typically favour current consumption over future consumption.
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if a bond is issued with a call provision, it allows the issuer to blank part or all of the bond at defined prices and times.
Answer:repurchase
Explanation:
all of the following are steps in the aida model except question 3 options: awareness intention action desire interest
all of the following are steps in the AIDA model except intention. Thus the correct option is B,
What is the AIDA model?The term AIDA is an acronym for Attention, Interest, Desire, and Action model considered as a model of advertising in order to persuade the customer to make a decision related to buying by pitching them effectively.
The AIDA Model highlights the intellectual phases a person experiences when making a purchase decision for a good or service. This path influences how a customer makes decisions about buying.
Therefore, option B is appropriate.
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Which of the following are downsides of private student loans?
Require a credit check
Loans may not be deferred
Borrowers may be required to make interest payments while in school
Most lenders require a credit score of 720, which could require a cosigner
All of the above
The option that are downsides of private student loans is: E. All of the above.
What is private student loans?Private student loans often require a credit check, and many lenders require a credit score of at least 720, which may require a cosigner for many students.
Additionally, loans may not be deferred, meaning that students may need to start making payments while still in school, which can be difficult for those who are still studying full-time.
Finally, borrowers may also be required to make interest payments while in school, which can add to the overall cost of the loan over time.
Therefore the correct option is E.
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A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the table
(Round your answers so that you enter no more than 2 decimal places)
Total Product Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost
0 $60 0 1 45 2 85 3 120 4 150 5 185 6 225 7 270 8 325 9 390 10 465 Cost of Production:
Production typically involves both fixed costs and variable costs. Fixed costs do not vary with quantity of production, while variable costs typically increase with the quantity of production. A firm that maximizes profit is also minimizing the total cost of producing a given quantity of output.
Total ProductTotal Fixed CostTotal Variable CostTotal CostAverage Fixed CostAverage Variable CostAverage Total CostMarginal Cost0$600$60$600$6001$6045$105$6045$105452$6085$145$3042.5$72.5403$60120$180$2040$60354$60150$210$1537.5$52.5305$60185$245$1237$49356$60225$285$1037.5$47.5407$60270$330$8.5738.57$46.14458$60325$385$7.540.63$48.13559$60390$450$6.6743.33$506510$60465$525$646.5$52.575
Production typically involves both fixed costs and variable costs. Fixed costs do not vary with quantity of production, while variable costs typically increase with the quantity of production. A firm that maximizes profit is also minimizing the total cost of producing a given quantity of output.
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Determine the total annual fica tax for an annual salary of $38,480. (fica is 7. 65%) a. $294. 37 b. $717. 96 c. $2,385. 76 d. $2,943. 72.
The correct option is D. the overall annual FICA tax for an annual income of $38,480 is $2,943.72
The FICA tax for an annual income of $38,480 would be:
FICA tax = 0.0765 x $38,480
FICA tax = $2,943.72
FICA stands for Federal Insurance Contributions Act, which is a law that requires employers to withhold a portion of their employee's wages to fund two government-run social programs: Social Security and Medicare. FICA tax is the tax that is withheld from an employee's paycheck to fund these programs.
Employers are required to match their employees' FICA tax contributions, which means that they are also responsible for paying a portion of their employees' Social Security and Medicare taxes. The combined employee and employer contributions make up the total FICA tax payment.
FICA tax is an important source of funding for Social Security and Medicare, which provide financial support to retired and disabled individuals, as well as medical care for those over 65 years of age.
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Flawed ways to pursue competitive efforts that will successfully differentiate a company's branded footwear from the branded offerings of rival companies include O failing to outspend rivals on advertising in all four geographic regions and pursuing a strategy to strongly differentiate the company's product offering from the offerings of rivals rather than a strategy to weakly differentiate the company's product offering (which is far less costly). O concentrating the firm's differentiation efforts on only a single differentiating feature (such as having the highest S/Q rating in the industry or offering the highest number of models/styles). failing to bid aggressively enough to sign more celebrities to contracts than any other company in the industry, failing to offer 500 models/styles of branded footwear, and charging Internet prices and wholesale prices to footwear retailers that are too far above the prices charged by rival companies. failing to pursue actions to reduce the reject rates at each of the company's plants. o not charging the highest wholesale price for branded footwear in all four geographic regions.
Flawed ways to pursue competitive efforts that will successfully differentiate a company's branded footwear from the branded offerings of rival companies include:
E. Failing to pursue actions to reduce the reject rates at each of the company's plants.
What are competitive efforts?Competitive efforts refer to businesses within the same niche that are in constant competition with fellow businesses. In order to successfully compete with other businesses, it is not right to fail to pursue actions that would reduce the reject rates of the company.
Failure to take action in this regard will give the competitor an upper hand and thus cause losses for one's own business.
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Refer to the table below. If the four suppliers listed are the only suppliers in this market and the market quantity demanded is 500 cases when the price is $5.00, which of the following statements is correct?
Price Quantity Demanded
$0.00 1200
$3.00 900
$6.00 600
$9.00 300
Type or paste question here
The market is in equilibrium if the quantity of apples offered is five dozen and the quantity demanded is four dozen. When demand and supply are equal, the market is in equilibrium.
Which number refers to the quantity of products that manufacturers are willing and able to sell at various prices?The quantity of a product that producers are willing to sell at a particular price at a particular time is known as the quantity supplied. Description: At any given time, various quantities can be offered at various prices.
What is the required quantity?The law of demand, which states that the quantity demanded is always inversely related to the price of the goods, is a fundamental economic principle. To put it another way, as the price rises, demand for the product decreases, and vice versa.
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