Damian works at ulta. A customer approaches him and mentions they saw an advertisement for a new eyeshadow palette that just came out. Damian informs the customer that the store is sold out but will get a new shipment in two weeks. Damian also informs the customer the store has several eyeshadow palettes that are very similar and leads them to a product that he feels will meet their needs. Damian is engaging in _______.
By tellin the customer that he store has products that are similar to what he thinks would fulfill their needs, he is engaging in personal selling.
What is personal selling?This is the type of selling that is known as the face to face type of selling. In this type of selling, the customer would be engaged by the seller in a way that would get him to buy products.
It is a promotional type of marketing that is done to get a customer to buy a product.
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Spicer Dentistry is considering the purchase of a new x-ray machine that costs $24,000 and has a useful life of 10 years. The new machine is expected to reduce operating costs by $4,000 per year. The payback period for the x-ray machine is
The payback period for the x-ray machine equals 6 years.
What is a payback period?This means the period of time it will takes a firm to recover the cost of an investment.
Given data
Costs = $24,000
Useful life = 10 years
Reduce operating costs by $4,000
Payback period = $24,000 / 4000
Payback period = 6 years
Therefore, the payback period for the x-ray machine equals 6 years.
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Which balance sheet line item will help explain a difference between net income on the income statement and cash from operating activities on the statement of cash flows?.
Accounts receivable will help explain a difference between net income on an income statement and cash from operating activities on the statement of cash flows.
What is an income statement?An income statement refers to a financial document which is typically used to record the amount of money (income or revenues) that are entering into a business.
Generally, accounts receivable is a balance sheet line item which can be used by an entrepreneur or business firm to explain a difference between net income on an income statement and cash that were collected from customers (operating activities) on the statement of cash flows.
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The ability of one country to produce a good or service more efficiently than another is called a(n) _____.
Answer:
absolute advantage
Explanation:
the answer is absolute advantage know the explanation for it .
Match each word with the phrase that best defines it.
Answer:
1) A 2) B 3) D 4) C
Explanation:
You see you take them and think what they could mean like "reliable" means to trust or confide yourself to that person/place/or/and thing.
In the short run, a firm operating in a monopolistically competitive market can earn a. positive economic profits. b. economic losses. c. zero economic profits. d. All of the above are possible
A firm operationg in a monopolistically competitive market can earn
a. positive economic profits
Monopolistically Competitive MarketMonopolistically competitive market is a type of market that has a range of similar products from different producers. In other words, the product of one firm can be a substitute to the products of other firms
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The primary purpose of a ____ meeting is to identify and resolve problems. Group of answer choices technical design review problem-solving communications flow status review
The primary purpose of a review and problem-solving meeting is to identify and resolve problems.
What is a meeting?Meeting involves group of people coming together for a particular reason. It could be to resolve a particular problem, or to organize and plan a program and to share relevant information partaining to the problem.
Therefore,the primary purpose of a review and problem-solving meeting is to identify and resolve problems.
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If the multiplier is 6 and if there is no crowding-out effect, then a $60 billion increase in government expenditures causes aggregate demand to
If the multiplier is 6 and if there is no crowding-out effect, then a $60 billion increase in government expenditures causes aggregate demand to none of the above.
What is the crowding-out effect?The crowding-out effect is an economic theory that claims that increased public spending reduces or eliminates private spending.
The crowding-out effect occurs when higher interest rates cause a decrease in private investment spending, dampening the initial increase in total investment spending.
Thus, the correct option is D, none of the above.
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Cartels in the United States are a. legal if price is competitively determined. b. legal if all firms in the industry agree to the terms of the cartel. c. legal if all conditions of the cartel are made public. d. illegal.
It should be noted that Cartels in the United States are D. Illegal.
What is a cartel?It should be noted that a cartel simply means an association of manufacturers with the purpose of restricting competition.
In this case, it should be noted that Cartels in the United States are illegal. This is because it gives unfair advantages to the manufacturers.
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Which is an example of acceptable consideration in a contract?
OA. Property
O B. Love
OC. Friendship
D. Thoughtfulness
Answer:
A. Property
Explanation:
Everything else is an emotional and or thought and not measurable like property is; therefore, acceptable consideration is property.
Tipton Manufacturing is based in Lexington, Kentucky. The company does not make the gears it uses in its products, it purchases them from a supplier in Hong Kong. Tipton Manufacturing is practicing
The fact that Tipton Manufacturing buys its products from a supplier in Hong Kong means that's it's practicing global outsourcing.
What is outsourcing?It should be noted that outsourcing simply means a business practice of hiring a party outside the company to perform a particular service.
In this case, the fact that Tipton Manufacturing buys its products from a supplier in Hong Kong means that's it's practicing global outsourcing.
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What advice have you heard or been given about buying cars?
Stephanie supervises a call center department that receives stress-producing calls from unhappy customers. Turnover has increased by 33 percent over the last four months. Stephanie is understanding and patient with her staff, and tells them she knows what they’re going through because it wasn’t so long ago that she took those calls. How would stephanie’s staff describe her style?.
Stephanie’s staff describe her style as being understanding Sympathetic or Empathetic
What is Empathy?Empathy can be defined as the ability to show understanding of what other persons are going through based on ones personal experience on similar issue.
It is also worthy of note that sympathy is showing concern over what we have not experienced
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In Exhibit 16-5, a shift in aggregate demand from AD 2 to AD 3: a. decreases real GDP, and raises the price level. b. decreases real GDP, and lowers the price level. c. increases real GDP, and lowers the price level. d. increases real GDP, and raises the price level. g
When there is a shift in aggregate demand from AD2 to AD3 in Exhibit 16-5, this d. increases real GDP, and raises the price level.
What happens when aggregate demand shifts to AD3?The shift from AD2 to AD3 is a rightward shift which points to the fact that real GDP is increasing.
This would lead to a higher price level because AD3 will intersect with the aggregate supply curve at a higher price.
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Jonah purchases a new flat screen television and declines the extended service plan. What risk management strategy is he employing
Jonah adopts the strategy of risk avoidance, to manage its risk and therefore declines the extended service plan.
What do you mean by Risk Management Strategy?The risk management strategy provides a systematic and consistent approach to risk identification, assessment and management.
Risk avoidance is a way for businesses to reduce their risk level by not engaging in certain high-risk activities. While it is impossible to eliminate all risks, a risk avoidance strategy can help prevent some losses from occurring.
Thus,the risk management strategy that Jonah is employing Risk avoidance.
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In year 0 you buy a 2-year 4% coupon annual paying bond, with face value equal to $1000, and a YTM of 5%. After 1 year, the YTM falls to 4% and you sell the bond. What is the annualized holding period return on your investment? (choose the closest number)
Based on the face value, the YTM, and the coupon, the annualized holding period return on the bond is 6%.
What is the annualized holding period return?This can be found as:
= (Present value of bond at year zero / Present value of bond at year 1) - 1
Using a spreadsheet it would be:
= ( (PV(0.04, 1 ,-0.04*1,000, -1,000) + 0.04 x 1,000) / PV(0.04, 2, -0.04x 1,000, -1,000)) - 1
= 6%
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Jim makes a $1,000 deposit in an account paying 4% interest per year. He would like to withdraw two equal amounts: in one year and in two years. The amount Jim should withdraw in one year such that he will have the same amount at the end of the second year is close to:
Based on the amount that Jim deposited and the interest paid per year on the account, withdrawing in two equal amounts would require an amount of $530 per year.
How much should Jim withdraw per year?Assuming the amount that can be withdrawn is x, the relevant formula would be:
(1,040 - x) x 104 = 100x
Solving for x gives:
108,160 - 104x = 100x
108,160 = 100x + 104x
108,160 = 204x
x = 108,160 / 204
= $530
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From 1970 to 2018, real per capita gross domestic product (GDP) in the United States increased by an average of ________ per year. g
From 1970 to 2018, real per capita gross domestic product (GDP) in the United States of America increased by an average of 2.7% per year.
What is real per capita gross domestic product (GDP)?Real per capita gross domestic product (GDP) can be defined as a financial metric that is used to break down the economic output of a country per person and their true income.
Mathematically, the real per capita gross domestic product (GDP) is typically calculated by dividing the a country's gross domestic product (GDP) by its population (total number of persons).
According to statistical information, the real per capita gross domestic product (GDP) in the United States of America increased by an average of 2.7% per year from 1970 to 2018.
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What may be a concern if you have an adjustable rate mortgage (arm)? a. after the initial fixed rate period, your rate may increase. b. your payment will constantly change during your initial fixed rate period. c. after the initial fixed rate period, your rate may decrease. d. a portion of your rate pays the commission of your mortgage broker. please select the best answer from the choices provided a b c d
The most appropriate concern in relation to the adjustable rate of the mortgage for the borrowers is the increase in rate after the initial fixed-rate period.
So, Option A is the correct answer.
What is the adjustable-rate mortgage?
ARM is the abbreviated form of adjustable-rate mortgage where the rate of interest variates over the life of a mortgage. There is a longer duration associated with the constant interest rate of an ARM at the time of taking the mortgage.
The interest rates in ARM are usually lower at the starting period but then rise or fall throughout its life. When the term of the mortgage expires, the lenders can easily modify the interest rates, that is, they can either increase or decrease the rates.
Therefore, the rise in interest rates after the fixed period would be a concern for mortgage borrowers.
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Which statement explains one way in which the transformation of india’s economy contradicts wallerstein’s world system theory?.
The statement that shows how India contradicts the theory is: Using a development strategy to avoid economic dependency,India develop their own industries and participate fully in the global economy.
What is the wallerstein’s world system theory?This is a theory that teaches that the world system is a social system that is made up of boundaries as well as rules.
According to the theory, there are conflicting forces that hold the system together and also tears it apart.
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The three largest manufacturers of telecommunications wire conspired together so that all three firms would charge the same price for coaxial cables. This is an example of
When companies conspire together to charge the same price for a product, it is an example of price fixing.
What is price fixing?It is an agreement established between companies with the objective of controlling the price levels of a product or service, which can influence the increase, decrease and stabilization of the price. This is an illegal strategy that can generate inflation and market monopolization.
Therefore, price fixing must be fought by antitrust laws, as this action does not serve the interests of consumers, increases entry barriers and disturbs the normality of supply and demand.
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A middleman is receiving either a dollar amount or percentage difference between the average cost and the price of an individual item or of all merchandise in stock for a specific department. The amount the retailer is receiving is known in the business as a ________?.
If A middleman is receiving either a dollar amount .The amount the retailer is receiving is known in the business as a markup.
What is markup?Markup can be defined as selling price of items minus cost price of an item.
Example of the term markup is when the cost price of a shoe is $50 in which the selling price of the shioe is $100. The difference between the cost price and selling price is what is called markup.
Therefore the amount the retailer is receiving is known in the business as a markup.
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A big project budgeted at $20 million is running over budget by $1 million and behind schedule by four months at the 50% stage of the project. Who has the primary responsibility to solve the problem
The person with the primary responsibility to solve the budget overrun and behind-schedule performance is b: The Project Manager.
Who is a Project Manager?A project manager is a professional who organizes, plans, and executes projects under tight budgets and schedules.
The roles of the project manager include:
Planning and defining goalsOrganizing and leading teamsDirecting projectsCommunicating with stakeholdersEnsuring timely delivery of projects, on budget, and within scope.Answer Options:a: The Project Champion
b: The Project Manager
c: The Project Management Office Manager
d: Senior Management
Thus, the person with the primary responsibility to solve the budget overrun and behind-schedule performance is b: The Project Manager.
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A monopoly is a firm that sells all or nearly all of the goods and services in a given market. What determines if a firm is a monopoly producer
A monopoly is a firm that exchanges or sells all or nearly all of the goods and services in a given market. In a single market, a corporation might be considered a monopoly producer if it provides a product with no close substitutes.
What is monopoly?A monopoly is defined as one corporation holds a dominating situation in an industry or sector to the stage of omitting all other feasible competitors. Monopolies are mostly frowned upon in free-market countries.
Due to a deficiency of other choices for consumers, they are comprehended as modifying to price gouging and diminishing quality. A monopoly is an institution that sells all or almost all of a market's goods and services.
Therefore, If there is no close substitute available in the market, then the producer will be called as a monopoly producer.
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After taking out a one-year loan with an annual interest rate of 5 percent, Pranav pays $2,100 back to the bank. The principal of the loan was _______ and the interest payment was _______
The Pranav took the loan for one year and repay it with the amount of $2,100. Then the principal of the loan was $1,400 and the interest payment was $700, it is computed by the help of compound interest.
What is compound interest?Compound interest is defined as Interest on interest, or compound interest. It is the adding of interest to the principal sum of a loan or deposit.
It is the outcome of reinvesting interest rather than paying it out, so that interest is received on the principal plus previously collected interest in the next period.
The formula of compound amount is:
[tex]\text{Amount (A)} = \text{Principal(P)}(1+ i)^n -1[/tex]
Where,
i = Interest Rate
n = Number of time Period
Computation of Principal and interest:
According to the given information,
A = $2,100
i = 5%
Now, apply the given values in the above formula:
[tex]\text{A} = \text{P}(1+ i)^n -1\\\\\$2,100 = \text{P}(1+ 5\%)^1 -1\\\\\text{P}=\$1,400[/tex]
Then, the interest payment would be:
[tex]\text{Interest} = \text{Amount-Principal}\\\\\text{Interest} = \$2,100-\$1,400\\\\\text{Interest} = \$700[/tex]
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Crimeco senior executives were involved in a massive fraud scheme to misrepresent their financial health. Faroq was employed by Crimeco as a regional manager and reported to state authorities about the fraud. Faroq is known in employment law as a/an
The role of Faroq in Crimeco as a regional manager is known in employment law as a/an whistle-blower.
What is the role of an employment lawyer?
An employment lawyer is an individual that oversees, drafts, and prepares claims about all fraudulent activities and financial mismanagement in an organization. They also serve as an advisor to their clients.
From the information given, the role of Faroq in Crimeco as a regional manager is known in employment law as a/an whistle-blower.
This is because he is tasked with exposing and reporting to state authorities about all the massive fraud schemes carried out by the Crimeco Senior executives.
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What are requirements for filing bankruptcy stable income is available to pay off payment plan debt is due to farming expenses corporation files international bankruptcy filing is based on un legislation
The requirements for filing bankruptcy stable income is due to farming expenses and stable income is available to pay off payment plan
Chapter 15- filing is based on UN legislation and corporation files international bankruptcy
What is bankruptcy stable income ?Bankruptcy stable income serves as a plan that enables individuals with regular income to repay all or part of their debts.
Therefore, bankruptcy stable income can be filled for debt is due to farming expenses
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________ involves creating a video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that customers will seek it out or pass it along to their friends
The means that involves creating a video, email, mobile message, advertisement, or another marketing event that is so infectious that customers will seek it out or pass it along to their friends is Viral Marketing.
What do you mean by marketing?Marketing refers to the activities undertaken by a company for promoting the buying or selling of a product.
Viral marketing refers to spreading information about any product or service from person to person by word of mouth or sharing via the internet or email.
Viral marketing will increase a company's reach and customer base.
Therefore, viral marketing is the correct choice.
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Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are Blank______ approaches
Answer:cost oriented
Explanation:
Cost-oriented pricing strategies include direct costs, overhead, and profit before taking into account the costs of production and marketing.
What are the strategies?A plan outlines the ways by which the outcomes (goals) will be accomplished (resources). Strategy can be predetermined or it can develop organically when an organization competes or changes its surroundings. It entails tasks like strategic planning and strategic thought.
A strategy is "a plan of action designed to attain a long-term or overall purpose," according to the Oxford Dictionary. The practice of organizing and controlling all military actions and movements during a conflict or combat.
A strategy describes the long-term objectives of a company and how it intends to achieve them. In other words, it demonstrates the route to take in order to realize the stated goal. A tactic is a precise action that is used to accomplish a goal in accordance with a strategy.
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To raise awareness about issues important to you as a member of an interest group, during which stage of the policy-making process should you seek to approach policy makers
At early stage of policy making, one can raise awareness about issues important to you as a member of an interest group.
What is Interest groups?Interest groups, isa group with members having shared knowledge as well as goals, and they advocate on behalf of particular political issues.
Therefore, during early stage of the policy-making process one can seek to approach policy makers.
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