The strategic options are:
FranchisingLicensingExportingHow often should firms undertake strategic planning in marketing?International planning process is essential for every business to succeed in foreign markets. An organization can accomplish its objectives through strategic planning by establishing priorities, making the most of its resources, and changing course as the external business environment changes.
Strategic planning is the skill of developing detailed business plans, putting them into action, and assessing the outcomes in light of a company's overarching long-term objectives or aspirations. However, if your company moves quickly, you might want to think about making one every two to three years. As their demands vary, small businesses might need to develop strategic plans more frequently.
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fill in the blank. refer to exhibit 3-5. in the market shown, if equilibrium was originally at point v and is now at point z, the new equilibrium price is___it was originally and the new equilibrium quantity is___it was originally.
In the market shown, if equilibrium was originally at point v and is now at point z, the new equilibrium price is less than it was originally and the new equilibrium quantity is less than it was originally.
Equilibrium amount is while there's no lack or overflow of an item inside side the commercial center. Supply and call for cross, and that implies the amount of an article that clients need to look for is indistinguishable from the amount being outfitted through its producers. In various words, the commercial center has arrived at a super country of solidness as expenses balance out to in shape all gatherings. Essential microeconomic idea gives a rendition to choose the highest quality level sum and pace of an astonishing or administration. This idea is fundamentally founded absolutely on the convey and call for variant, that is the fundamental starting point for commercial center free enterprise. It accepts that producers and clients act typically and consistently and there aren't any various components affecting their choices. Harmony sum is while convey rises to call for an item.
The deliver and call for curves have opposite directions and at some point or another converge, creating money related balance and harmony sum. Speculatively, that is the most extreme green country the commercial center can reach and the country to which it absolutely floats.
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Sandy, a line manager on the production floor at Oakway Industries, is an entry-level manager. Sandy has a strong commitment to the Oakway's vision and mission. She has good relationships with workers on her line as well as with employees throughout Oakway. Sandy is able to make decisions on the fly to keep the line moving, and other line managers often ask for her help in troubleshooting different situations. Which of the following best characterizes Sandy?
- Sandy is assuming inappropriate responsibility considering her position in the firm.
- Sandy is likely to be promoted into an upper-management position where she would become a strategic leader.
- If Sandy were using these same skills to determine strategy, perhaps in the finance department rather than on the production line, she would be considered a strategic leader.
- Sandy is a strategic leader.
Sandy is a strategic leader ,is the characterizes of Sandy.
What is a strategic leader?Strategic leadership is the capacity to persuade people to make voluntary choices that improve the organization's chances for long-term success while preserving short-term financial stability. Different leadership styles have an influence on an organization's potential performance as well as its vision and growth path. All CEOs require the abilities and resources for developing and putting into practise strategies in order to successfully manage change. [1] Strategic leadership offers techniques that focus organisations when they are deciding on their purpose and best business practises, which are crucial for remaining competitive and relevant. Managing change and ambiguity requires strategic leaders who are able to build ownership and alignment within their workgroups to implement change.To learn more about strategic leader refer to:
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Other line managers frequently want Sandy's assistance in fixing various circumstances since she has the decision-making skills necessary to keep the line moving. Sandy is a strategic leader ,is the characterizes of Sandy.
What is a strategic leader?
Strategic leadership is the capacity to persuade people to make voluntary choices that improve the organization's chances for long-term success while preserving short-term financial stability. Different leadership styles have an influence on an organization's potential performance as well as its vision and growth path. All CEOs require the abilities and resources for developing and putting into practice strategies in order to successfully manage change. Strategic leadership offers techniques that focus organizations when they are deciding on their purpose and best business practices, which are crucial for remaining competitive and relevant.
Managing change and ambiguity requires strategic leaders who are able to build ownership and alignment within their workgroups to implement change.
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true/false. financial markets have experienced many changes in recent years. technological advances in computers and telecommunications, along with the globalization of banking and commerce, have led to deregulation, which has -select- competition throughout the world.
True, financial markets have experienced many changes in recent years. technological advances in computers and telecommunications, along with the globalization of banking and commerce, have led to deregulation.
The globalisation of banking and commerce brought about by technological advancements has boosted competitiveness in the industry. Additionally, it has increased market complexity and efficiency. A growth in the usage of derivatives with underlying assets that determine their value.
Technology advancements are seen as a good thing since they make the market more effective and give all market players access to all the necessary information.
Since it enables investors to reduce risks by hedging, the adoption of derivatives is considered as a beneficial development. It is advantageous to an investor who is speculating on an underlying asset's price movement in order to make money.
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Kanye, Juliana, Les, and Danny are trying to form a band. They each have some basic skills on most instruments, so their current plan is for each of them to rotate among vocals, guitar, bass, and drums.
After a year of practice and rehearsals, the band still sounds awful. Kanye can't keep a steady beat when on bass drums. Les sounds terrible at everything except the bass, nobody except Juliana can remember all the cords on guitar, and even Danny's own mother thinks his singing sounds like a dying cow.
At their current rate, they expect it will be several years before they are good enough to land their first paid performance. None of them have enough money saved up to last that long.
What economics advice would you give to them?
a. Continue with the current plan, as economies of scale should eventually kick in.
b. Change the rotation to be random rather than equal, to take advantage of heteroskedasticity.
c. Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.
d. Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.
e. Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor.
When extra gadgets of a right or service can be produced on a large scale, yet with (on average) fewer enter costs, economies of scale are said to be achieved.
Alternatively, this capacity that as a company grows and production devices increase, a enterprise will have a higher chance to limit its costs.
What is economies of scale strategy?Economies of Scale Definition
Economies of scale are price savings that a enterprise (and, through default, its customers) can reap as a end result of efficient production processes.
Generally, these fee savings are carried out because the average price of producing some thing falls as the volume being produced increases.
What will the use of economies of scale lead to?Increased earnings – Economies of scale lead to expanded profits, generating a greater return on capital investment and supplying agencies with the platform to grow.
Larger business scale – As a enterprise grows in size, it solidifies and turns into less inclined to external threats, such as opposed takeover bids.
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2. Choose a well-known company, and describe at least three qualities that you associate with that company or brand. Explain why you associate those qualities with that brand. (1-6 sentences. 3.0 points) TIP: This can be the same company you used in question 1 above, or it can be different.
Ebay is effective, secure, and beneficial. It is effective at helping you find anything you want to buy, safe due to the company's reputation, and also useful in the event that the client did not receive the item.
What do you mean by the brand?A brand is a good, service, or idea that is publicly set apart from similar ones. This makes it simple to convey and generally promote.
The process of developing and promoting a brand's name, attributes, and personality is known as branding. Both specific goods and services or ideas can be branded, as well as the complete corporate identity.
Therefore, Ebay is effective, secure, and beneficial. It is effective at helping you find anything you want to buy, safe due to the company's reputation, and also useful in the event that the client did not receive the item. If you still haven't received the merchandise, they offer an alternative where you can get a complete refund.
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look at the figures below, which show the costs and benefits to voters garcia, johnson, and lee of two different public goods that the government will produce if a majority of voters support them. suppose that garcia, johnson, and lee have decided to have one single vote at which the funding for both of those public goods will be decided simultaneously.
In a democracy,each adult citizen must have the right to vote,and each vote must have equal value.
It expresses that individuals should have equal representation in voting.Quadratic voting works by allowing users to pay for additional votes on a given matter to express their support for a public good has two key characteristics it is nonexcludable and nonrivalrous.Nonexcludable means that it is costly or impossible for one user to exclude others from using a good.The two main criteria that distinguish a public good are that it must be non-rivalrous and non-excludable.Non-rivalrous means that the goods do not dwindle in supply as more people consume them non-excludability means that the good is available to all citizens.Examples of public goods.
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consider a service company that provides carpet cleaning. classify the cost of the hourly workers who clean carpets for customers. (check all that apply.) multiple select question. fixed variable direct indirect period
The hourly wages of the workers who clean customers' carpets fall into two categories: variable and direct.
Fixed Costs: Costs a business must pay even if it makes no money. Sales volume does not affect these expenditures. Constant. Fixed costs stay the same if the company sells nothing.
Variable Costs: Sales volume directly affects these costs. Zero sales mean zero variable costs. Variable costs rise proportionally as the company sells thousands of units.
Direct Costs: Directly related costs. Product, service, project, or department are cost objects. a project worker. Project labor is the direct expense.
Indirect Costs: The "actual costs" of a business include its daily expenses, materials, and supplies. Indirect expenses have no direct cost object.
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The right way of asking the question is:
Consider a service company that provides carpet cleaning. Classify the cost of the hourly workers who clean carpets for customers. (Check all that apply.)
Variable
Direct
Period
Fixed
Indirect
the profits earned by firms in an industry, are determined by: [see p. 66] group of answer choices the overall state of the economy and the intensity of competition within the industry how much customers value the products supplied by the industry the extent to which the industry is protected by barriers to entry the value of the product for customers, the intensity of competition, and the relative bargaining powers of producers, their suppliers and their buyers
The profits earned by firms in an industry, are determined by the value of the product for customers.
What is profit?In accounting, profit is income distributed to owners in a profitable market production process. Profit is a measure of profitability and is the primary concern of owners in the income generation process of market production. There are several common measures of profit. Profit is the money left over after you pay your business expenses. There are following three main types of profit: Gross profit, operating profit, net profit. Gross profit shows how much money is remaining after paying for the goods and services sold. Profit is defined as the amount earned by selling a product and must be greater than the cost of the product. In other words, profit is the profit derived from any business activity.To learn more about profit from the given link :
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The retail inventory method includes which of the following in the calculation of both cost and retail amounts of goods available for sale?
A. Purchase returns.
B. Sales returns.
C. Net markups.
D. Freight in.
The retail inventory technique takes Purchase Returns into account.
What is Purchase Returns?Beginning inventory and net purchases are calculated using the retail approach at both cost and retail. The ending inventory at cost is then calculated by applying the average relationship between cost and retail (based on the initial inventory and purchases) to the ending inventory at retail. Purchase returns lower net purchases both at cost and retail since they represent gross purchase amounts that cannot be sold.Depending on the seller's policies, a purchase return occurs when a buyer (either a business or an individual) returns products they purchased to the seller for a refund or store credit. As long as they comply with regional laws and the seller's return policy, the buyer may use a variety of justifications to make these returns. In the books, the purchase returns account typically has a credit balance. As a result, the debit balance will be applied to the purchasing account's credit balance.To learn more about Purchase Returns, refer to:
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mini case study reflect on a time when you experienced a different culture or interacted with some one from a different culture. how did the cultural differences influence your interaction
When traveling from one location to another, there is interaction with unknown strangers with different cultural backgrounds and communication took place between them.
What is culture?A culture is referred to as a set of beliefs, tradions, values, customs, and rituals, followed by an individual in a community in order to preserve their ancestor's belongings.
When interacting with poeple from different cultural backgrounds, knowledge, and ideas are shared with each other. Different cultures have different languages that exchange with one another and some of them also adopt in own culture.
Sometimes these cultural differences cause conflicts leading to miscommunication due to having differences in viewpoints of individuals and different goals.
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An owner of a building has an accounting and economic profit of 409,045.78 and 227,206.016 respectively for a building she can lease for $200,000 per year for 3 years. Suppose the owner just discovered that she needs to purchase a licence this year for $250,000. Does it make sense for her to produce?. why or why not?
If the owner goal is to maximize economic profit, then it does not make sense for her to continue leasing the building, as the cost of the license will reduce her economic profit below zero.
But if her goal is to maximize accounting profit, then it may make sense for her to continue leasing the building, as the license cost will only reduce her accounting profit from $409,045.78 to $159,045.78, which is still positive.
What are accounting and economic profit?Economic profit is defined as a company's revenue less its explicit and opportunity costs. It's used for internal research. Accounting profit (net income) is the revenue of a company less its direct, indirect, and capital costs. It is included in financial statements and reported to the IRS.
In continuation of our main answer, she might have other non-monetary goals and values that might influence her decision, such as the importance of owning and managing the building, or the value of the services provided by the building.
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mexico encounters severe inflation the u.s. economy moves into a severe recession interest rates in the u.s. increase drug violence along the border reduces american tourism in mexico
The U.S. economy entering a deep recession, rising interest rates in the US, and Mexico experiencing high inflation might all have a detrimental influence on the Mexican economy.
Consumers' buying power may decline as a result of severe inflation due to rising prices for goods and services. Reduced consumer spending and sluggish economic growth may result from this. Given that the U.S. is one of Mexico's primary commercial partners, a severe recession in the United States might potentially have a detrimental effect on Mexico. A U.S. recession may result in less demand for Mexican exports, which may slow down Mexico's economic expansion and raise unemployment rates. In the United States, rising interest rates can also make borrowing more costly, which can inhibit investment and hamper economic development.
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suppose gdp consists of wheat and rice. in 2005, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold at $2 per bushel. in 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. using 2004 as the base year, it follows that, for 2005,: a. nominal GDP is $100, real GDP is $50, and the GDP deflator is 50. b. nominal GDP is $50, real GDP is $100, and the GDP deflator is 200. c. nominal GDP is $100, real GDP is $50, and the GDP deflator is 200. d. nominal GDP is $40, real GDP is $100, and the GDP deflator is 50. ANS: C 22.
In 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. using 2004 as the base year, it follows that, for 2005, nominal GDP is $100, real GDP is $50, and the GDP deflator is 200.
2004 is the starting point.
2004:
$2 per bushel for 20 bushels of wheat
$1 per bushel for ten bushels of rice
2005:
$20 worth of wheat Equals $4 per bushel
10 bushels of rice = $2 each
Nominal GDP
GDP deflator = (Nominal GDP / Real GDP) multiplied by 100
Nominal GDP in 2005:
Final cost of items at current prices:
(20 * $4) + (10 * $2)
$80 + $20 = $100
Real GDP in 2005:
Final product value at base year prices:
(20 * $2) + (10 * $1)
$40 + $10 = $50
Deflator:
* (Nominal GDP / Real GDP)
($100 / $50) * 100
2 * 100 = 200
= 200
The GDP deflator in economics is a measure of the money price of all new, domestically produced, final products and services in an economy in a year relative to their real value.
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In the context of salespeople being account team managers in their firms, it has been found that salespeople who try to sell a product alone ________.
In the context of salespeople being account team managers in their firms, it has been found that salespeople who try to sell a product alone have greater turnover intentions.
How does working as part of a team helps salespeople?Working as part of a team allows salespeople to share information and ideas, which can lead to more effective selling strategies. Team members can also provide support and motivation to each other, which can help to increase productivity and sales. Additionally, different team members may have unique skills and expertise that can be leveraged to improve the overall sales process.
Moreover, when salespeople work as part of a team, they can also be more effective in managing large or complex accounts, as they can divide the work and responsibilities among the team members, and can also have different team members specialized in different aspects of the account, making the selling process more efficient and effective.
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If a product is faulty, what is the responsibility of the retailer who sold it?
A. Replace the product or refund the purchase price
B. Provide the consumer with contact information for the
manufacturer
C. Do nothing because only the manufacturer has responsibility
D. Call the manufacturer on behalf of the consumer
fill in the blank question. a loss from the sale of an investment would be (added/subtracted) to (from) net income when computing cash flows from operations, using the indirect method.
A loss from the sale of an investment would be added to (from) net income when computing cash flows from operations, using the indirect method.
What does "net income" mean in this context?
Your net income is the amount you keep after taxes and other withholdings are taken out of your paycheck. Net income for businesses is the money left over after covering all necessary business costs.
What is net or gross income?
The salary of an employee is referred to as their "gross pay" before any payroll deductions are made for taxes, benefits, and other costs. The amount that is left over after all deductions have been made is referred to as net pay, often known as take-home pay.
Net income is the amount that remains after deducting costs, interest, and taxes from revenue. "Net income" is another word for income, and it refers to the total earnings after all applicable deductions and taxes.
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which of the following are associated with marketing, as defined by the american marketing association? multiple select question. institutions that facilitate the exchange of offerings that have value for customers institutions that implement technologies for increased production efficiency processes used to create value for clients activities that communicate offerings that have value for society at large organizations that devel
Activities that promote products and services that are valuable to society at large. processes that add value for clients. Institutions that facilitate the exchange of goods and services that are valuable to clients.
What is Marketing?
This field of study focuses on the analysis of market and consumer behaviours as well as how businesses manage their commercial operations to draw in, acquire, and keep customers by meeting their needs and wants and inspiring loyalty to the brand.
Marketing is defined as the process of promoting and selling goods and services, including market analysis and advertising. Every business and organization today needs to include marketing in its growth plan.
Many businesses, in their efforts to advertise themselves and boost sales of their good or service, employ marketing tactics to achieve their objectives without even being aware of it. Marketing is one of the most important components of businesses nowadays.
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Suppose there are two kinds of cars: Good cars, Lemons. The owner of a used car knows whether it is a lemon but prospective buyers cannot tell. Suppose 40% of all new cars produced are lemons. Good used cars are worth $15,000 to their owners and lemons are worth only $10,000. Which of the following is correct?
I. If the used cars for sale had the same quality distribution as new cars (i.e., 60% good, 40% lemons), risk-neutral people would willing to pay $13,000 for a used car.
II. The owner of a good used car will able to sell it for $15,000.
III. In the equilibrium, the only used cars for sale will be lemons. They will sell for $13,000.
Group of answer choices
II only
I and III only
III only
I only
I, II, and III
If used cars for sale had the same quality distribution as new cars (i.e., 60% good, 40% lemons), risk-averse buyers would pay $13,000 for a used car. In the end, the only used cars available for purchase will be lemons. They will be sold for $13,000 each. Only b) I and III are correct.
Buyers are expected to pay the following price:
expected price = 0.6(15000) x 0.4 (10000)
expected price = $13,000
As a result, only lemons would be sold, and risk-averse buyers would pay only $13,000 for a car. No good car would be sold at this price.
An expected price level, also known as an anticipated price level, is the rate or price that goods and services can be reasonably expected to reach given a specific set of economic circumstances. An expected price level attempts to account for a variety of economic variables that are likely to influence consumer demand for various products.
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According to the five forces model, an unattractive industry would include all of the following characteristics EXCEPT:-low economies of scale needed for new firms to enter.-low supplier power due to commodity inputs.-high threat of substitute products due to a large number of low-cost alternatives.-high bargaining power of buyers due to low switching costs.
According to the five forces model, an unattractive industry would include all of the following characteristics EXCEPT: low supplier power due to commodity inputs.
What is the main goal of five forces model?The goal of Porter's Five Forces model is to assess the overall competitive landscape of a particular business sector. Each of these five forces corresponds to a key component of market intensity.
How do you do Five Forces analysis?To create your own Porters Five Forces model and long-term strategy for your business: Evaluate your competitors. Calculate the bargaining power of suppliers. Assess the bargaining power of buyers. Identify potential new entrant threats. Evaluate the risks of substitution.
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complete question:
According to the five forces model, an unattractive industry would include all of the following characteristics EXCEPT:
-low economies of scale needed for new firms to enter.
-low supplier power due to commodity inputs.
-high threat of substitute products due to a large number of low-cost alternatives.
-high bargaining power of buyers due to low switching costs.
Please answer the question posted in the image below:
The present value of their donation is 0.96.0 None of the above is the correct. Hnece, option B is correct.
What is present value?Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.
Future Value is also known as FV. the present value, or PV. I is the interest rate or other potential return on the investment. t is the number of years that must be taken into account. N is the annual number of interest compounding periods.
Thus, option B is correct.
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Using the examples from the videos, which of these types of loans require that the full principal be repaid at maturity (i.e., end of the loan period)? (check all that apply) A. Zero-coupon bond B. Coupon bond C. Mortgage loan D. Capital lease E. Bank loan
Option A, Zero-coupon bond, and E. Bank credit are the kinds of advances that expect that the full chief is reimbursed at development.
Regularly, both zero-coupon bonds and bank credits require full reimbursement of the head at development (end of the advance time frame).
Coupon bonds pay occasional interest installments and the chief is reimbursed at development, contracts are utilized to fund land buys and might be taken care of over a significant stretch of time, and capital leases are plans in which a tenant leases a resource and has the choice to buy it sometime in the future.
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find the total number of employees and the total number of dependents for every department (the number of dependents for a department is the sum of the number of dependents for each employee working for that department). return the result as department name, total number of employees, and total number of dependents.
A change in an input, presumption, or driver is considered an independent variable when determining how it will affect a dependent variable (the outcome).
What is a dependent variable in business analytics?In essence, the dependent variable is the outcome, whereas the independent variable is an input. To evaluate performance, sales, costs, profitability, and other factors, we can use independent variables. The client demographics could be considered the independent variable when it comes to sales.
Age is just one example of an independent variable. Other elements (such as what they consume, how much they attend school, and how much television they watch) won't alter a person's age. Any variable whose value depends on an independent variable is said to be dependent. The thing being measured in an experiment or assessed in a mathematical equation is the dependent variable. Sometimes the dependent variable is referred to as "the result variable."
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To find the total number of employees and the total number of dependents for every department, the following steps can be taken:
What are the ways to find total number of employees?Gather the data: Collect information on the number of employees and dependents for each department. This data can be obtained from employee records or a company database.Group the data by department: Organize the data by department, so that all employees and dependents for each department are together.Sum the data: For each department, sum the number of employees and dependents.Return the results: Return the department name, total number of employees, and total number of dependents in a format that is easy to understand and use.Create a query: Create a query to extract data from the database or spreadsheet with all information.Use a spreadsheet software like excel to create a pivot table that will group by department and sum the number of employees and dependents for each department.Clean and format the data for a better readability and understanding.This process will provide a clear and comprehensive view of the number of employees and dependents for each department, which can be useful for budgeting, staffing, and other business decisions.To learn more about employee refer:
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______ are frequently able to influence others' attitudes on behavior. A) Opinion leaders. B) Anti-brand communities. C) Norms D) Environmental cues.
B) Anti-brand communities are frequently able to influence others' attitudes on behavior.
Is it possible to change people's behavior?Influencing people's behavior is a leadership quality. Leadership is the practice of influencing others' behavior at work in order to accomplish a certain objective. Simply said, influence is the process through which leadership is defined.
The term "social influence" refers to how our ideas, feelings, and actions react to the social environment in which we live, including our propensities to fit in with other people, abide by social norms, and submit to authoritative figures. Implicit expectations and explicit expectations are the two main types of social influence.
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an example of a u.s. export is group of answer choices diamonds mined in africa sold to buyers in south america. matchbooks made in mexico sold to a buyer in new jersey. a tv made in china sold to a buyer in azerbaijan. pasta made in italy sold to buyers in spain. a washing machine made in indiana sold to a buyer in france.
An example of a u.s. export is -a washing machine made in indiana sold to a buyer in france.
Global export resident of another nation. While the foreign customer is an importer, the seller of these goods or the service provider is an exporter.Services such as financial, accounting, and other professional services, tourism, education, and intellectual property rights all play a role in international trade.Customs officials must frequently be involved in the export of goods.Dumping serves as the third justification for a tariff. Competitors may label dumping when a producer exports at a loss. Another situation is when an exporter charges less for a good in the export market than in its home market. [8] The objective and anticipated
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suppose the follwing data were taken from the 2022 and 2021 financial statements of american eagle outfitters 930600
Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
Here according to the financial statements, 2022 Earnings per Share = $197,760 / 206,000 = $0.96 and the 2021 Earnings per Share = $415,296 / 216,300 = $1.92.
Earnings per share (EPS) is calculated as a company's profit divided by the outstanding shares of its common stock. The performing number serves as an index of a company's profitability. It's common for a company to report EPS that's acclimated for extraordinary particulars and implicit share dilution. The advanced a company's EPS, the more profitable it's considered to be. Earnings per share is one of the most important criteria employed when determining a establishment's profitability on an absolute base. It's also a major element of calculating the price- to- earnings( P/ E) rate, where the E in P/ E refers to EPS. By dividing a company's share price by its earnings per share, an investor can experience the worth of a stock in terms of how much the request is willing to pay for each bone of earnings. To calculate a company's EPS, the balance distance and income statement are used to find the period- end number of common shares, tips paid on favored stock( if any), and the net income or earnings.
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ech solutions has contracted with a cell phone manufacturer to create a special chip to allow people to make banking transactions on their cell phones. tech solutions has contracted to sell 294,400 units. the selling price for the chip is $70 per unit. they need to decide which production process is best suited for the chip. to help accomplish this, the firm has gathered the following production cost data:
The profit is highest for Old Fab. Therefore, it is the best and the correct option is C.
What is profit?In accounting, a profit is an income that is distributed to the owner during a successful market production process (business). Profit is a metric of profitability, which is the owner's primary interest in the process of market production's income formation. There are numerous profit metrics that are frequently used.
Income generation and distribution must always be in balance for there to be any income formation in market production. Within the review period, the generated income is always distributed as economic value to the production's stakeholders. The profit is the portion of income creation that the owner is able to retain for themselves during the income distribution process. Because it means incomes and opportunities to expand production, profit is one of the primary sources of economic well-being.
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Complete question:
customers have been complaining to the management at sam's sports bar that it only serves domestic beer. so the establishment has decided to introduce a new line of craft beers to its menu. by providing its customers with benefits that meet their needs, sam's sports bar is providing blank
Sam's Sports Bar offers its clients benefits that are in line with their demands, which is an example of customer value.
Customer value matters primarily because it has an impact on customer satisfaction. A logical consumer will weigh the advantages and disadvantages. They purchase a product if the advantages outweigh the disadvantages and satisfy them. According to the study's findings, elements influencing client values include prices, interpersonal advantages, brand perceptions, and the calibre of the offered services. Accordingly, these variables affect consumer values. Customer value strategies deliver goods and services in such a way that customers understand they are either saving money right away or will be saving money in the long run by doing business with you. Low pricing are desired by customers because they want to save money. High-quality products are also required in order to give clients the impression that they are getting their money's worth.
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a is an automated system that typically ask a series of questions and then takes specific actions based questions and then take
An Expert is an automated system that typically ask a series of questions and then takes specific actions based questions.
What is the difference between AI and ES?AI is the application of methods based on human intelligence to tackle complicated problems. Computer programmes built to tackle complicated decision issues are known as expert systems.
What is expert system example?The following are some instances of expert systems in use: CaDet is a test used to detect cancer in its early stages. DENDRAL aids chemists in the identification of unknown organic compounds. DXplain is a clinical assistance system for illness diagnosis.
What is an expert system in AI?An expert system is artificial intelligence software that employs knowledge stored in a knowledge base to solve issues that would normally require a human expert, therefore maintaining the knowledge of a human expert in its knowledge base.
What are the 4 components of expert system?A knowledge base, a search or inference engine, a knowledge acquisition system, and a user interface or communication system are the four main components of an expert system.
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Hans is a manager of a bookstore. At the end of each year, he gives his employees performance reviews to let them know what they are doing well, what they need to improve on, and their annual raise amount. This is a form of ________ communication.
Hans is a manager of a bookstore. At the end of each year, he gives his employees performance reviews to let them know what they are doing well, what they need to improve on, and their annual raise amount. This is a form of downward communication.
In organization, organizational communication generally can be defined as a field of study surrounding all areas of communication and information flow that contribute to the functioning of an organization. There are several types of organizational communications, such as formal communication, Informal communication, Horizontal communication, Vertical communication. Downward communication generally can be defined as the act of relaying important information in a company or organization from higher levels to lower levels.
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Which of the following factors determines the structure, features, and functions of an information system used in a company?the size of the companythe value of its brandsthe competitive strategythe technology used by competitors
The provided statement claims that a company's information system's structure, features, and operations are determined by aspects related to its competitive strategy.
What is the short definition of a company?A corporation that seems to be different from its owners legally is a corporation. Because of new reporting with higher-level duties, the business structure is more extensive and has greater setup and administration expenses.
How should I sum up a business?A business's goal, purpose, and ties are outlined in some kind of a company description. The identity of the organization, its organizational structure, its goal purpose, and a description of the customer base are frequently included in these documents.
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The complete question is-
Which of the following factors determines the structure, features, and functions of an information system used in a company?
the size of the company
the value of its brands
the competitive strategy
the technology used by competitors