The generic strategy in which an organization's advantage comes from being able to sell products at lower prices than its competitors is referred to as a low cost strategy.
What is low cost strategy?Low-cost strategy is a pricing strategy characterized by low prices of goods and services using various saving methods. In a low cost strategy, the true winner is the company with the actual lowest cost in the market place.
The company here reduces real costs, which contributes to more customers and thus increases its sales.
Hence, the generic strategy in which an organization's advantage comes from being able to sell products at lower prices than its competitors is referred to as a low cost strategy.
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________ have over 85% of the l,669 federally designated mental health professional shortage areas.
Answer:
rural places have over 85% of the l,669 federally designated mental health professional shortage areas.
Explanation:
Which is not a responsibility of a human resources manager? Choose the answer.
Question 3 options:
revising personnel policies and procedures
revising job descriptions
maintaining company employee contact information
developing the company's strategic plan
Answer:
maintaining company employee contact information
Trade between nations can be mutually beneficial if one country has:.
Trade between nations can be mutually beneficial if one country has a comparative advantage.
What do you mean by a comparative advantage?
The model of comparative advantage is one of the basic concepts that underlies the theory of international trade and shows that countries tend to specialize in the production and export of those goods that they manufacture at a relatively lower cost than the rest of the world.
Those that are comparatively more efficient than others and that tend to import goods in which they are more inefficient and therefore produce with costs that are comparatively higher than the rest of the world.
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The number of shares that a corporation's incorporation document allows it to sell is referred to as
The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.
What is a Corporation?This refers to a business entity that has a group of members who acts together for a set goal.
Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.
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In the case of a basket purchase, the cost of the land and building is ______.
The cost of the land & building is split among the assets purchased in proportion to the market value of the assets as a whole in the case of a basket purchase
What is a basket purchase?
It is called a lump sum acquisition because its involves the purchase of many assets as a group.
In this purchase, when an investor purchases an assets, it means the the investor is able to buy many assets as one group in a single transaction,
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What has changed in the recent past that now makes working from home a viable solution for business and workers?
Answer:
Technology, and williness to work at home. Many laptops have become viable options to complete your work. An increase in better internet and wi-fi also helps with keeping people on task. Many people as well have found it better to work from home, and studies show that productivity have risen
Explanation:
Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. If the firm increases its output to 200 units, the average revenue of the 200th unit will be
If the firm increases its output to 200 units, the average revenue of the 200th unit will be $12.
What is the average revenue?
Average revenue is total revenue earned from selling a good or service divided by the total number of output sold.
Average revenue = total revenue / output
$1800 / 150 = 12
Here are the options:
a. Less than $12,
b. More than $12,
c. $12,
d. Any of the above may be correct depending on the price elasticity of demand for the product.
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One of the main advantages of convertible debt is that it is attractive to investors because ______.
The main advantages of convertible debt is that it is attractive to investors because they may be entitled to discounts on the share price.
What is convertible debt?Convertible debt refers to a loan or debt obligation in which the payment comes with equity or stocks in a company.
It is to be noted that irrespective of the company's profit, convertible bondholders receive only a fixed, limited income until conversion.
Hence, the main advantages of convertible debt is that it is attractive to investors because they may be entitled to discounts on the share price.
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Monopolies are socially inefficient because the price they charge is a. equal to marginal revenue. b. above marginal cost. c. equal to demand. d. above demand.
Monopolies are known be be socially inefficient because the price that they charge for ther product equals to marginal revenue..
Why are Monopolies socially inefficient?They are inefficient because their pricing method lead to a deadweight loss because they mostly forgoes transactions with the consumers.
Also, they become less innovative over time as they do nit have competitiors in a marketplace.
Therefore, the Option A is correct.
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James operates a monopoly hiking gear store in the woodland trails near his home in the Ozarks. He is currently producing at an output level where marginal revenue equals marginal cost. If James were to reduce his output, he:
James will need to decrease the marginal revenue to reduce his output.
What happens when marginal revenue equals marginal cost?This is known as an economic equilibrium and there is no economic profit in such equilibrium.
To incur profit now, he will have need to decrease the marginal revenue to reduce his output
Therefore, the Option B is corrrect
Missing options "will increase profits, will decrease marginal revenue, can charge a higher price."
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Why should people be cautious when considering a loan with a variable
interest rate?
О
A. Borrowers are locked in at the rate that is offered.
О
B. The interest rate may increase after an introductory period.
C. The interest rate may decrease if more competitive rates are
offered
D. An annual percentage rate is not required on variable rates.
Answer: B - The interest rate may increase after an inductor period.
B. The interest rate may increase after an introductory period.
What Is the Danger of Taking a Variable Rate Loan?Your lender can trade your hobby fee at any time. at the same time as this does present possibilities for lower interest quotes, you could additionally be assessed hobby at better costs that are increasingly developing. there may be no way of understanding what your future hobby fee exams could be underneath a variable fee agreement. Therefore, you can grow to be with insufficient coins glide to pay down monthly payments as the one's payments may also grow inside the future.
Interest costs are much more likely to decline all through periods of slower financial interest. To encourage business improvement and process advent, the Federal Reserve will often decrease fees which forces decreased borrowing prices for loans on a variable rate.
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Some monopolistic competitors earn positive economic profits in the long run because a. there are high barriers to entry in monopolistic competition. b. they have successfully differentiated their products from their competitors' products. c. there is easy entry and exit. d. b and c e. none of the above
In a monopoly, only the company that dominates the market can make a profit because it is difficult for other companies to compete (option A)
What is monopoly?A monopoly is a term that refers to a situation of legal privilege in which a producer or economic agent (monopolist) has great market power and is the only one in an industry.
For example: A company that produces cars and is the only one in a country that has all the means to produce and market cars. For other companies it is difficult to enter a consolidated market to compete against that company.
According to the above, it can be inferred that for new companies there are great barriers to compete against a company that has a monopoly.
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In the 1970s, Kodak dominated the film-based photography market until Polaroid introduced instant photography. Polaroid is an example of Multiple Choice offshore suppliers. disruptive innovation. inertia. artificial intelligence.
The introduction of instant photography into her business makes Polaroid an example of disruptive innovation.
What is disruptive innovation?Disruptive innovation serves as a kind of innovation which creates a new market and value network .
This value is usually created into the bottom of an existing market.
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When managers use suppliers and manufacturers outside of the organization to provide goods or services the company previously supplied itself, it is called
The use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.
What is the main advantage of outsourcing?The main reason or advantage that management outsources the production of goods and services previously produced internally to vendors is to reduce costs.
Outsourcing can also help an organization benefit from costly expertise that it cannot afford to acquire internally.
Outsourcing helps an organization to:
Focus on core tasksMaintain controlPromote growthManage risksEnjoy flexibilityDevelop internal staff.Thus, the use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.
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As the marketing director for Mountaintop Ski Resort, Kimberli has lots great ideas about advertising the resort to new groups of customers. What would you tell Kimberli about the customer perspective?
The advise that would be said to Kimberli on customer perspective would be that: she raises customer expectations in order to entice new customers to the resort.
What is customer expectation?This term refers to what the customers would anticipate as they engage in interactions with a business or a company.
Customer interactions helps to know what the customers expects of a given product or a service.
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Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).
Simple InterestGiven Data
Principal = $4,500Interest = 22%Final Amount = $4,500*2 = $9,000Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 22%/100 = 0.22 per year,
then, solving our equation
t = (1/0.22)((9000/4500) - 1) = 4.55
t = 4.55 years
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To remain relevant in today’s e-commerce landscape, many businesses use progressive ________ applications to undertake m-commerce.
To remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
What is e-commerce?It should be noted that e-commerce simply means the buying and selling of goods through the internet.
In this case, to remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
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if a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP over time?
A) real GDP fluctuates but follows an upward-sloping trend line
B) real GDP does not fluctuate if growth is occuring
C) Real GDP fluctuates but follows a downward sloping trend line
D) real GDP fluctuates but follows a horizontal trend line
Answer:c
Explanation:
GDP measures the value of all the final products and services in terms of money. Option C) explains the behavior of GDP.
What is GDP?Gross domestic product (GDP) measures the value of all the final products and services in terms of money, produced by countries over a given time period usually a year.
The behavior of real GDP over time changes but follows a downward sloping trend line if a country is sustaining a healthy rate of growth.
Therefore option C) describe the behavior of GDP.
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The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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Janice’s grandmother stayed at home and took care of her family while her grandfather worked. today janice lives on her own and has a full time job. what factor that affects the labor market is represented in this situation? a. population shift b. social change c. world event d. government action please select the best answer from the choices provided a b c d
The scenario shown by the fact that Janice lives on her own and works full time is B. Social change.
What is a social change?This refers to when the roles assigned to different types of people, change as time goes on.
In the past, Janice's grandmother did not work and stayed home but now Janice works and stays alone.
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Answer: B. social change.
Explanation: I just did it on edge 2023.
According to the authors of your textbook, buying the naming rights to a sports or entertainment venue (for example, Kroger Field) is a form of __________. Some other authors (including, perhaps, the authors of your MKT 300 textbook) say that it is a form of __________. Group of answer choices personal selling; public relations public relations; advertising advertising; sales promotion in-store marketing/design elements; public relations direct marketing; sales promotion
The correct answers to the given questions are sales promotion; public relations.
What is a Sales Promotion?This refers to the creation of awareness for a particular brand or product by identifying a brand with it for better sales.
Hence, we can see that by buying the naming rights to a sports venue, it can be used as a form of sales promotion, and also some authors believe this is a form of public relations.
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When a computer answers your phone call to a utility company and asks you to tell it why you are calling, that computer is using _____. natural language processing an explanation facility supervised learning a knowledge acquisition facility
A natural language is been used when a computer answers your phone call to a utility company.
What is natural language?A natural language serves as human language which could be English which us different from constructed language or machine language.
Therefore, When a computer answers your phone call to a utility company , a natural language will be used instead of machine language.
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What do surge protectors help prevent in the workplace?.
Answer:
Fraying cords.
Explanation:
This damages your electronics, so a surge protector prevents it.
If a mutual fund's portfolio is valued at $500 million while there are liabilities of $6 million, what would be the NAV if there were 30 million shares outstanding
The NAV of the mutual fund's portfolio given the value of the assets, liabilities and the shares outstanding is $16.53.
What is the NAV?
NAV means net asset value. It is the intrinsic value of a stock. NAV can be determined by dividing the differerence between assets and liabilties by the shares outstanding.
NAV = (assets - liabilities) / shares outstanding
(500 - 6) 30 = $16.53
As the GDP of a developing nation increases, ____will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime
Answer:
per capita pollution
Explanation:
As the GDP of a developing nation increases, per capita pollution will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime
You have just been hired by the u. S. Government to analyze the following scenario. Suppose the u. S. Agricultural industry is concerned about the level of fruit and vegetable imports to the united states, a practice that hurts domestic producers. Lobbyists claim that implementing a tariff on imports would shrink the size of the trade deficit. The following exercise will help you to analyze this claim.
To analyse this claim there has to be a shift in import. Import would go down as the dollar rises.
Why the tariff affects the size of the trade deficitFirst of all there is going to be a right or outward shift in the exchange rate demand for the American dollars.
Therefore the value of the dollar is going to be on the rise. import is going to fall and there would be a rise in net export.
The outward shift of the demand curve would lead to a fall in exports based on the shifts in the exchange rate.
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I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.
The Web sites that can help an entrepreneur in writing a good business plan are:
The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.What is a business plan?A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.
Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.
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Which strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others
Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.
What is operation strategy?Operations strategy is the total path of company's or organization decisions making strategy which help to reshape the long-term capabilities of several operations and their contribution to the overall strategy to the growth of the firm.
Therefore, Operational strategy is the strategy encompasses a high level of interdependence of subunits for some operation decisions combined with high degrees of centralization for others.
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Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a ________ role by setting meetings with both teams so they can work openly and coordinate smoothly.
1Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a task role by setting meetings with both teams.
What is task role?These are the jobs that need you to complete tasks. The different roles are assigned to different persons by the person who is senior in the position from the starting to end of the task.
Thus, it is task role.
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A written agreement with a promise to pay a supplier a specific sum of money at a definite time is a(n) ______.
Answer: Promissory note
Explanation: