Consider the needs of the market. Often businesses and individuals decide to specialize in a product or service. Conduct brief research on the Internet to identify specialization and an example of specialization in the market. List the example below, and in one or two sentences explain what specialization is and how your example represents it. Your final sentence should explain how both the seller and buyer gain from this specialization. Upload your findings below.

Answers

Answer 1

Answer: These address the needs of the market and creates a place for the service provider in same market

Explanation:

I'll explain this specialization aspect with a business model.

The business model I would use is a car wash business. The normal traditional car wash business has a people get their car washed along the road by anyone just to look clean, but the model I'll present is that which is different where cars are given detailed washing from customer service to quality services; the water used is treated, the finest of soap is applied all at an affordable price. If we examine this from the traditional car wash we'd realize it's different and this is far better.

These address the needs of the market and creates a place for the service provider in same market


Related Questions

in Chapter 7 bankruptcy a debtor

A) Is required to draw up a petition listing all assets and liabilities

B) dose not have to pay a filing fee

C) is absolved of alimony and child support payments

D) dose not have to repay educational loans​

Answers

Answer: A. is required to draw up a petition listing all assets and liabilities.

Explanation:

Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.

Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.

Annabey Inc., a small candy manufacturing company established in 1937, now has several large units that sell unique flavors of candies and assorted chocolates. When the company started out in 1937, it initially experienced slow growth as it was selling brand new products in the market, but later on, their sales picked up at a drastic speed when customers decided to try their products. The CEO of Annabey credits its growth to all the customers who love their candies and chocolates. Which of the following factors of inimitability is best reflected in this scenario?

A. Positive network externality
B. Time compression diseconomy
C. Virtuous circle
D. Complexity

Answers

Answer:

A

Explanation:

Network externality describes the effect a good or service has on a consumer when other consumers are also making use of the product

Positive network externality occurs when the marginal benefit of making use of a good increases as more users make use of the good

An example of Positive network externality is a social media platform. As there are more users on the site, you have more people to interact with.

For Annabey Inc., their growth increased when their their consumer based increased. As more people tried their product and liked it, they recommended the product to more people. this would increase their sales

haley is helping to choose members for a customer satisfaction team which of the following employees demonstrate skill in focusing on the team's purpose?

Answers

Answer: Jesse constantly looks for better ways to solve problems for customers

Explanation:

Customer satisfaction refers to the measurement which deals with the happiness and satisfaction of customers with the product and service of a company.

Since Haley is helping to choose members for a customer satisfaction team, then the employee who can help the team focus on the its purpose is Jesse who constantly looks for better ways to solve problems for customers.

explain hotel manager​

Answers

Answer:

Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.

Answer:

hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget

Usage of accounting.
Please help with this, i need the usage of accounting.

Answers

I don’t understand this one,

I’ll try to figure it out in a bit

Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in owner's equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in owner's equity.

Answers

Answer:

Increase in an asset, increase in owner's equity.

Explanation:

Accounting equation is assets + liabilities = owners stockholders equity. The investment of owners in the company will increase the assets as when the company borrows money from the banks the company assets also raise equity.

The CEO of Skyco, a publicly-traded company that has been earning below-average returns, has been publicly criticized by shareholders for persuading the board of directors to give her interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options. The CEO's behavior may be indication of
A) reasonably compensating a CEO.
B) a weak board of directors.
C) the laxity of institutional investors.
D) the difference in risk propensity between owners and managers.

Answers

Answer:

B) a weak board of directors

Explanation:

The board of directors of a company are elected group of people that represents the interest of shareholders of a company.

They provide oversight by meeting at intervals to set policies that will govern the company.

In the given scenario the CEO got interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options.

This is with the consent of the board of directors and despite the company earning below-average returns.

It is a sign that the board of directors is weak and are not adequately representating the wishes of the shareholders.

It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the owners begin by calculating share of customer to identify opportunities to sell more products to existing customers. Before you can calculate Camp Plus's share of customer, you need to determine what type of data you need to gather. What data sources will you need to utilize to calculate share of customer

Answers

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

Otis, the manager of a camera store, believes that his store may be closed by corporate in the near future, so he cannot sleep well at night and he is dealing with severe anxiety
and irritability, and he has been ill several times this month. Several times Otis has
missed important details in his job, and he almost got in an automobile accident this morning. The district manager is coming today to do his bimonthly evaluation of Otis's store. Although Otis usually performs well, he is worried about this one. His district manager may be influenced by ________ bias.
A) hindsight
B) sunk-cost
C) availability
D) framing
E) overconfidence

Answers

Answer:

no  lseo

Explanation:

menos

required Journal entry
received rs 18000 from debtors and discount allowed him Rs 2000
it's urgent
please help me(mark as BRAINLIEST)​

Answers

Mwlqlqmqnqn im not sure...

Explanation:

Nakwqqhthats

Feelings can be hurt by mutually respecting coworkers. Please select the best answer from the choices provided T F

Answers

Answer:

False

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Basically, when coworkers or employees working in an organization have mutual respect for one another, it would help to tighten or strengthen the bond that exists in the workplace and as such improving their feelings for each other.

This ultimately implies that, feelings cannot be hurt by mutually respecting coworkers.

identify five business functions that are applicable to the scenario above.Motivate your answer by quoting from the scenario ​

Answers

Answer:

heheheheheheheheheheheheheheheheheheheheheheheheheheheheeheheheheheheehehehehehe.

Select the correct answer from each drop-down menu.
Complete the statement with correct answers.
А
is a check that you have written that you cannot pay due to
<

Answers

Answer:

bounced check; insufficient funds.

Explanation:

A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.

In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.

Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.

A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check

Similarly, a bounced check is a check that you have written but you cannot pay due to insufficient funds in your bank account. Thus, the bank wouldn't honour a bounced check and as such no money would be paid to the holder.

list the two things the government does that fall under fiscal policy. (A.p.e.x.)

Answers

Explanation:

These two policies are combined in numerous ways to influence a country's economic situation.

Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.

During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 instead of the correct amount of $135,000.

Answers

Explanation:

Given:

Wrong inventory needed = $126,000

Right inventory need to recorded = $135,000

Correct amount need to record = 135,000 - 126,000

Correct amount need to record = $9,000

Journal entry

Purchase A/c dr    9,000

To Credit or cash  A/c   9,0000

Expenditures capitalized as long-lived assets generally include those expenditures that:

a. Are made for normal repairs to maintain the usefulness of the asset over a number of years.

b. Are for items that have a physical life of more than a year, regardless of their cost.

c. Are material in amount and that have an economic benefit to the entity only in the curret year.

d. Are material in amount and that have an economic benefit to the entity that extends beyond the current year.

Answers

Answer:

D

Explanation:

Lester Dunbar sold to Walter Masters real property on which Charles Endicott held a first mortgage. Masters expressly assumed the mortgage debt. Subsequently, Masters defaulted in payment of the mortgage debt. Masters contends that Endicott must first proceed against Dunbar, the original mortgagor, because he is primarily liable for the mortgage debt. Based upon these facts, ___________.

Answers

Answer: Dunbar is, in fact, a surety and must satisfy the mortgage if Masters does not.

Explanation:

A surety refers to the individual who makes a promise to be responsible for the debt obligation of a borrower on a situation whereby the borrower defaults and doesn't take responsibility. The surety is also known as the guarantor.

Since Masters defaulted in payment of the mortgage debt, but contends that Dunbar, is the original mortgagor, because he is primarily liable for the mortgage debt, then Dunbar is a surety and must satisfy the mortgage if Masters does not.

The CEO of CLEO, Inc., in all her communications to employees consistently refers to her dream of CLEO becoming the company of choice for employee assistance programs. She keeps this theme uppermost and it is reflected in the firm's motto, the title of its Web newsletter, and even on the company T-shirts and mugs. This is an example of the firm's: Group of answer choices strategy. envisioned future. organizational culture. core ideology.

Answers

Selected Answer: A layoff will increase the slack at Clarita Cosmetics and allow the firm to absorb the increased number of errors employees may make until they learn their new tasks

The risks associated with ethics auditing include all of the following, except for: Question 11 options: Potential cover-ups prevent accuracy Revealing a problem that might not be able to be remedied The lack of a guarantee that there is a solution Problems that the company would like to keep quiet might be made public

Answers

Answer:

Potential cover-ups

Explanation:

Ethics audit refers to a review of the company's ethics system with regard to the policy and procedures set up for employees to adhere to, so as to determine whether it was effective.

The risk associated with an ethics audit is discovering a problem that the company does not wish to disclose, identifying a problem that might not be solved, no assurance that audit is the solution, and the lack of standardisation in an audit.

This leaves out only one option that is not part of the risks associated with ethics audit which is Potential cover-ups.

Pedro, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales representative at Metro Distributors Inc. and places an order for 100 printers. Metro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to Pedro at his office. In this scenario, Metro Distributors Inc. is most likely to be a(n) _____

Answers

Answer:

Retailer

Explanation:

From the question we are informed about Pedro, who was an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales representative at Metro Distributors Inc. and places an order for 100 printers. Metro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to Pedro at his office. In this scenario, Metro Distributors Inc. is most likely to be Retailer.

A retailer can be regarded as a company or entity which buys products from a manufacturer or wholesaler then sells directly to end users or customers. A retailer can be regarded as an intermediary or middleman, with them the customers can get products from the manufacturers through them. They do this with aim of making profit.

Four years ago, Velvet Purses purchased a mailing machine at a cost of $154808. This equipment is currently valued at $25955 on today's balance sheet but could actually be sold for $1729. This is the only fixed asset the firm owns. Net working capital is $92535. and long term debt is $65077. What is the book value of shareholder's equity

Answers

Answer:

the book value of the shareholder equity is $53,413

Explanation:

The computation of the book value of the shareholder equity is shown below;

Book value of shareholders equity is

= Book value of mailing + net working capital - Long term debt

= $25,955 + $92,535  $65,077

= $53,413

Hence, the book value of the shareholder equity is $53,413

Finish Co. uses the allowance method based on the percent of sales method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows an accounts receivable balance of $30,000; allowance for doubtful accounts balance of $200 (credit); and sales of $600,000. Based on history, Finish estimates that bad debts will be 1% of sales. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of: Multiple choice question. $500 $6,000 $6,200 $100 $5,800

Answers

Answer:

$6,000

Explanation:

Calculation to determine what The entry to record estimated bad debts will include

Bad Debts Expense=Sales of $600,000*1% of sales

Bad Debts Expense=$6,000

Therefore The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:$6,000

PLEASE PLEASE HELP ME!!

Entrepreneurs

An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau

Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)

Answers

Explanation:

hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.

Madame C.J. Walker

was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.

Howard Schultz

grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.

James Cash Penney

began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.

Samuel F.B. Morse

grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.

George Washington Carver

reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.

Joseph A. Unaue

grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States

Answer:

George Washington Carver

reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.

Explanation:

George Washington Carver

(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.

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Which of the following conflicts led to an expansion of Presidential foreign policy power?

1)World War I
2)World War II
3)Vietnam
4)None of these choices are correct.

Answers

They answer is Vietnam and world war 1

Of all the given conflicts, the two that led to an expansion of Presidential foreign policy power were World War I and Vietnam. Hence, options A and C are correct.

What is Presidential foreign policy?

In any country, there are few higher authorities that are involved in all the policies that are run by the government of that nation, and the policy that is related to foreign affairs involves the President of the country. There is no such separate foreign policy that is run by the President of the country.

In the case of the  U.S., the constitution of the country parcels the powers regarding foreign relations to both the houses that is the executive and the legislative. Although some powers are also granted to the military, while some to the President, and others, like the regulation of foreign commerce, to Congress. With the separation of power, there is a debate also spawned over the roles of the President and Congress in foreign affairs.

Thus, Options A and C are correct.

Learn more about foreign policy from here:

https://brainly.com/question/27950081

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What do safeguarding devices do to protect the worker?

Select the 3 answer options that apply.

Detects operator contact with the machine's point of operation


Prevents operator contact with the machine's point of operation

Answers

Answer:

Answer: Prevent contact:

Explanation:

]The safeguard must prevent hands, arms, and any other part of a worker's body from making contact with dangerous moving parts. A good safeguarding system eliminates the possibility of the operator or another worker placing parts of their bodies near hazardous moving parts.

Safeguarding devices prevent or detect operator contact with the point of operation to protect the worker. The correct option is b.

What is a safeguarding device?

Safeguarding devices are protective measures consisting of the use of specific technical means, to protect workers from hazards that cannot be reasonably removed or sufficiently limited by design. These devices encompass a variety of equipment that prevents or limits access to the hazards. These can include everything from controls that require the worker to use both hands, gates that block access to moving parts, and sensing devices that identify when the worker is too close to the hazard.

Employers are responsible for safeguarding machines. Any machine part, function or process with the potential for causing an injury must be safeguarded using control methods that prevent employee contact with hazardous areas through effective machine guarding techniques. Almost all new machinery is available with safeguards installed by the manufacturer.

However, used or older equipment may require either purchasing additional safeguards or building and installing them in-house.

Learn more about safeguarding, here:

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What is the factor that you must remember
before investing that has to do with how
risky the investment is?

Answers

Answer:

safety of the investment.

Explanation:

Risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits.

This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.

Market risk premium can be defined as a measure of the difference between a market rate of return on a market portfolio and the return on a risk-free investment such as government bonds (Treasury bills) or interest rate.

In Risk management, safety of the investment is the factor that you must remember before investing and it typically has to do with how risky an investment is.

The quality of the report Jamie turned in was lower than expected. Here was
part of his explanation: 'Large portions of the material came from Luke down
the hall." What likely character flaw does this reveal in Jamie?

Answers

Answer:

he was not doing his job right? im sorry if this is wrong

Explanation:

Answer:

B.Lack of willingness to take responsibility

Explanation:

Vaughn Manufacturing uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $421,400 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3,027. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $839 instead of a credit balance of $3,027, prepare the adjusting journal entry for bad debt expense.

Answers

Answer:The adjusting journal entry will be

a)Debit Bad debts expense  $9,615  

Credit Allowance for doubtful accounts   $9,615

b))Debit Bad debts expense  $13,481

Credit Allowance for doubtful accounts    $13,481

Explanation:

Estimated uncollectible= $421,400 × 3% = $12,642

Allowance for doubtful accounts with  a credit balance of $3,027

Allowance for Bad debts expense = $12,642 - $3,027= $9,615

Account titles and explanation                 Debit                Credit

Bad debts expense                                   $9,615

Allowance for doubtful accounts                                       $9,615        

When the Allowance for doubtful accounts has a debit balance of $839

$12,642+$839= $13,481

Account titles and explanation                 Debit                Credit

Bad debts expense                                 $13,481

Allowance for doubtful accounts                                      $13,481    

 

Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a permanent record for the Cost of Goods Sold account. monitor costs incurred to date and to predict and control costs for each job. provide a subsidiary ledger for the Finished Goods Inventory account. provide a subsidiary ledger for the Raw Materials Inventory account.

Answers

Answer: • provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

Explanation:

Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.

From the options given, the job cost sheets can be used to:

• provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

Higher uncertainty of losses forces property-casualty firms to _________. A. invest in more short-term assets than life insurance firms. B. invest in more long-term assets than life insurance firms. C. hold a lower percentage of capital and reserves than life insurance firms. D. invest in riskier equity securities than life insurance firms. E. conduct more separate accounts business than life insurance firms.

Answers

B: invest in more long term asserts than life insurance
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