Pricing is the one and only element of the marketing that helps in revenue generation.
What is pricing?Pricing is a process, which helps in determining the true and fair value of a product or a service that is being offered for sale in the market. At such determined price, the consumers buy such goods or services.
No other element in marketing mix involves revenue generation, as only pricing can bring the inflow of cash in an organization from the buyers in the market as such.
Hence, pricing element of the marketing mix produces revenue for the firm.
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General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False
General partners do not have to obtain approval to run the business which means that this statement is FALSE.
In a Limited Partnership:
The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the companyThe general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.
In conclusion, this statement is false.
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If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:
The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
Transfer payment multiplier = MPC / (1 - MPC)
Transfer payment multiplier = 0.8 / (1 - 0.8)
Transfer payment multiplier = 0.8 / 0.2
Transfer payment multiplier = 4
If the government transfers decrease by $50 million.
Equilibrium GDP will decrease by:
= $50 million * 4
= $200 million.
Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.
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The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the ______ structure.
Bureaucratic structure is a structure that has a lot of formalized set of role expectations. The bureaucratic structure that arranges employees by multiple factors such as region, products, or clients is known as the multi-divisional structure.
Bureaucratic structure along with its different roles shows who is expected to do what, how, and when.This structure is said to be a normative in nature that is often disconnected from decision behavior or process.
The structure often shows the different facets of a mechanistic organization when looking at work specialization, formalization, and centralization.
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Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has
Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.
Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.
Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.
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Identify four (4) different types of credit (purposes)
Answer:Revolving Credit. Charge Cards. Installment Credit. Non-Installment or Service Credit
if marginal cost exceeds marginal revenue, a profit-maximizing monopolist will
Answer:
Reduce marginal costs so that they equal marginal revenue.
Explanation:
Regardless of whether the producer is a monopolist, oligopolist, or in perfect competition, the profit-maximizing quantity is where marginal revenue equals marginal costs, or in other words the cost of producing the next unit of output is equal to the revenue earned by the next unit of sales. Any output before this holds an opportunity cost, and any output after this intersection is losing money.
Click this link to view O*NET’s Skills section for Secondary School Special Education Teachers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Secondary School Special Education Teachers? Check all that apply. instructing installation learning strategies repairing active listening technology design
Answer:
instructing
learning strategies
active listening
Explanation:
Answer:
Explanation:
instructing
learning strategies
active listening
The difference between actual overhead costs incurred and the budgeted (flexible) total overhead at actual units produced is the:
Answer:
The difference between actual overhead costs and overhead costs applied to work done, based on standard hours allowed. ... Both standards and budgets are predetermined costs. The primary difference is that a standard is a unit amount, whereas a budget is a total amount.
Explanation:
The difference between the amount of overhead applied throughout the manufacturing process and the actual amount of overhead expenses incurred during the period is known as an overhead cost variation.
So the answer is overhead cost variance.
About overhead cost variance:
As most businesses employ perpetual inventory systems, their inventory costs must be updated in real time.
This means that management cannot wait until the end of the quarter to total all overhead costs and assign them to each task.
Instead, management should forecast future overhead expenses and distribute them throughout the manufacturing process.
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