False. Customer and territorial limits are now viewed as antitrust law infractions per se.
What Constitutes a Customer?An people or corporation that buys products or services from yet another company is known as a customer. Customers are crucial to businesses because they generate income; otherwise them, they would cease to exist. Customers are individuals or organizations who are presently purchasing, have previously paid, or who may be interest in doing so from the other person or organization.
Why then are customers so crucial?They not just to make greater purchases, but they also attract new customers. Your clients act as your sales representatives. In actuality, 56% of consumers said they would tell their friends and family about a business that provided great service. By providing excellent customer service, you can keep clients who are willing to recommend your business.
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assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the sales of a book. will the author and the publisher want to charge the same price for the book?
Assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the sales of a book. In this situation, the author and publisher have an agreement that requires the publisher to provide the author 10% of the total income for each item sold in the market. Because the publisher must pay the author a 10% sale fee in this instance, the publisher will set the price higher than the author.
What is a monopolistic publisher?Generally, In general, the author and the publisher will have different objectives when setting the price for a book. The author will typically want to maximize their share of the revenue, while the publisher will want to maximize their own profit.
If the publisher is a monopolist, they will have more control over the price of the book. The publisher may consider the costs of producing and distributing the book, as well as the demand for the book and the prices of similar books when setting the price.
The author, on the other hand, will be more interested in the percentage of the total revenue that they will receive, which in this case is 10%. If the publisher sets a higher price for the book, the author will receive a larger share of the total revenue, even though the total number of books sold may be lower.
Therefore, it is possible that the author and the publisher may have different preferences when it comes to setting the price for the book. The final price will depend on the negotiation and agreement between the two parties.
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which of the following can be considered a secondary stakeholder in a crisis? group of answer choices a. employees b. unions c. media d. suppliers
Media among the following can be considered a secondary stakeholder in a crisis.
Who exactly are the secondary stakeholders?Supplementary stakeholder, The people, organizations, or entities that have an interest in how a company conducts its social business are known as secondary stakeholders. Secondary stakeholders typically don't have direct access to an organization's financial operations.
How do primary and secondary stakeholders differ?While secondary stakeholders have an indirect link with or benefit from your organization, primary stakeholders are those who have a direct interest in it. Your company will continuously reassert its relevance if you have clear, succinct plans for how to target each of your major stakeholder categories.
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panera bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items. these are examples of:
This kind of innovation in the product is called incremental innovation. This is a type of change done as focuses on improvement in an existing product. This increases efficiency and productivity to meet current competition in the market.
Incremental innovation helps in the improvement of products according to the market position. It has become a common method to increase and attract consumers and survive in competition with their opponents in the long run of production. It is considered an important factor that determines the future and success of the business enterprise.
Hence , we can conclude that the business should keep the innovation mode on and always be attentive to learn about upcoming new trends to grab earlier opportunities.
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when a firm merges with a company that does not produce inputs it needs to make its products or does not sell similar finished goods and services, it is called a
A conglomerate merger occurs when a company joins forces with another that neither produces the raw materials it needs to build its products nor offers comparable finished goods and services.
Which describes a horizontal merger the best?A horizontal merger is a merger or corporate restructuring involving businesses in the same sector. Because there is typically more competition among businesses in the same industry, combining businesses can result in significantly bigger synergies and possible market share gains.
Which of the following merger types is prohibited by antitrust law?Proposed mergers between direct competitors offer the most antitrust danger (horizontal mergers).
Of the following, which one has the authority to approve or reject a merger?Before a significant merger occurs, the antitrust authorities at the FTC and the US Department of Justice can approve the merger, forbid it, or approve it if specific requirements are met. One typical requirement is that the company agree to sell off specific components before the merger is approved.
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wind energy is plentiful in regions with vast open spaces. what could be an economic factor that makes the use of this resource less feasible than non-renewable resources, even in such regions?
Wind farms occupy a lot of land, which is an expensive commodity.
What is wind ?
The natural movement of air or other gases in relation to a planet's surface is referred to as wind. There are many different sizes of winds, ranging from thunderstorm flows that last only a few minutes to local breezes caused by the heating of land surfaces that endure for a few hours to global winds brought on by the differences in solar energy absorption between the temperate zones on Earth.
Wind farms occupy a lot of land, which is an expensive commodity.
A very efficient and environmentally friendly technique to generate power are wind farms. The issue is that the power generated by wind farms, which is comparatively insufficient, is only usable for homes and not for larger users. The area needed for wind farms will be massive to meet the increased need for electricity, which will present another issue. If agricultural land is used for wind farms, we will have less food available, which will present a far greater issue. Therefore, although being a renewable source of energy, it is unsuitable for widespread usage since it takes up too much space.
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in 2009 the price index moves from 100 to 104, the inflation rate is . in 2010 the price index moves from 107 to 111, the rate of inflation is . this is an example of
The numerical results of a calculation based on a basket of goods can get a little messy. To simplify the task, the price level in each period is typically reported as an index number, rather than as the dollar amount for buying the basket of goods. Index numbers are unit-free measures of economic indicators. Index numbers are based on a value of 100, which makes it easy to measure percent changes. We’ll explain this shortly.
Inflation is calculated by taking the price index from the year in interest and subtracting the base year from it, then dividing by the base year. This is then multiplied by 100 to give the percent change in inflation.
[tex]Inflation (Price Index in Current Year Price Index in Base Year )[/tex][tex]^* 100$[/tex]
Price Index in Base Year
From our previous example:
[tex]$$\text { Inflation }=\frac{(120-100)}{100} * 100=0.2 * 100=20 \%$$[/tex]
Thus from 2006 to 2007 , inflation has risen[tex]$20 \%$.[/tex]
In this context, inflation is measured as a percentage change in the price index from one period to the next.
If the percentage change in the price index is negative it shows deflation rather than inflation.
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Due to the Taxpayer Relief Act of 1997, it may not be necessary to file which of the following on a capital gain on residential property?
A)
Form 1099-S
B)
None of these
C)
Form W2
D)
Form 1099-TR
The Taxpayer Relief Act of 1997 made it so that capital gains were not subject to filing Form 1099-S.
What is the 1997 Taxpayer Relief Act?For taxable years beginning after December 31, 1997, the Taxpayer Relief Act of 1997, Title I: Child Tax Credit, amends the Internal Revenue Code (IRC) to permit a tax credit of up to $500 for each eligible child of a taxpayer.
In the United States, a number of federal taxes were decreased under the Taxpayer Relief Act of 1997. A $400 tax credit for every child under the age of 17 was introduced in 1998, and it was later raised to $500 in 1999. For high-income households, this credit was gradually eliminated.
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what type of tariff is applied to an import, with the purpose of raising money for the federal government?
Type of tariff that is applied to an import, with the purpose of raising money for the federal government is revenue tariff.
What is the revenue tariff?
As governments need huge resources to achieve their goals, they have to look for revenue from various sources. Governments operate public agencies to carry out a wide range of activities that are believed to improve the welfare of the population.Investments in infrastructure, human resources and numerous materials and services are required, so citizens and businesses are obliged to finance them. All taxes provide revenue, but some are specifically designed and implemented for this purpose. The common revenue tariff is a tax on imported goods in the form of a valorem tariff.To know more about revenue tariff, click the link given below:
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an internet provider has been the only one available in the county for many years. a small startup has recently opened, offering customers internet at a much lower rate. the original internet provider buys the building that is being rented by the startup and raises their rent to an unfair amount. this makes it impossible for the startup to stay in business. if brought to the attention of authorities, what kind of crime would the company most likely be accused of? question 32 options: false advertising restraint of trade price fixing fraud
If brought to the attention of authorities restraint of trade would the company most likely be accused of.
Which of the following would constitute a professional occupational crime?Despite the fact that there are many different criminal behaviors that can be classified as occupational crimes, white collar crimes including embezzlement, money laundering, tax fraud, and the exploitation of corporate data or assets are the most prevalent.
This would include stealing business property or submitting fake expense claims. These are professional criminal acts committed in the course of their profession. For instance, a physician or psychologist may overcharge an insurance provider in order to increase their revenues.
Here are several precautions that business owners can take. The three main types of occupational fraud are misappropriation of assets, corruption, and financial statement fraud. Occupational fraud is sometimes referred to as workplace fraud, internal fraud, or employee fraud.
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what compliance regulation is similar to the european union (eu) general data protection regulation (gdpr) of 2016 and focuses on individual privacy and rights of data owners?
This regulation is called the EU General Data Protection Regulation or GDPR, and is aimed at guiding and regulating the way companies across the world will handle their customers' personal information and creating strengthened and unified data protection for all individuals within the EU.
What do you mean by privacy?
Because privacy provides us the freedom to decide who to share our thoughts and feelings with, it is crucial. Our information is protected by privacy if we don't want it made public (such as health or personal finances). Protecting our physical safety through privacy (if our real time location data is private).Commonly, privacy is viewed as a private good, with my personal information being mine to safeguard and manage and yours being yours. This understanding of privacy leaves out a crucial element of the policy issue. A person who handles data carelessly exposes vast information about both herself and other people.To know more about privacy here
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credit control area is a key organization element unique to fulfillment process. group of answer choices true false
Credit control area is a key organization element unique to fulfillment process True.
What crucial organizational components are included in the fulfillment process?Client, company code, sales area, and plant are organizational components that are crucial to the fulfillment process.
What essential organizational components are present in a sales area?A sales region combines a division, a distribution channel, and a sales organization.
The fulfillment process is applicable to which organizational level?The basic data, sales organization data, and sales plant data are the three viewpoints that are pertinent to fulfillment. The client level defines the fundamental data. The material's name serves as an illustration. For combinations of sales organizations and distribution channels, sales organization data are defined.
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given the same costs, the monopolist produces less output and charges a higher price compared to the purely competitive industry. what makes this possible for the monopolist and not the purely competitive industry? what is the impact on the society of each?
A single company has complete control over the supply and pricing of goods and services in a monopolistic market. In contrast to monopolistic markets, truly competitive markets are made up of numerous enterprises with no single firm controlling the market.
How do the pricing and output volume of a monopoly compare to those of a company with perfect competition?The major difference between a monopolist and a completely competitive firm is that, whereas marginal revenue equals price (MR = P) in the case of perfect competition, it does not in the case of a monopolist since variations in production quantity affect pricing.
How would a monopolist's expenses and output stack up against those of ideal competition?Price and marginal cost are equal in a market with perfect competition, making it impossible for businesses to turn a profit. In the case of a monopoly, the price is raised above the marginal cost, which generates revenue for the company. In a situation where perfect competition prevails, both the supply and price of an item are profitable economically.
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raytheon is about to go public and will issue 700,000 shares of common stock. the shares will be priced at $25 to the public with a 5% spread. the out-of-pocket costs in addition to the spread will be $450,000. what are the net proceeds to raytheon?
700,000 shares of ordinary shares will be issued by Raytheon as part of its upcoming IPO. The public value of the shares would be $25 with a 5% margin. $1.89 (estimated) (approx).
What does priced out mean?When something gets too expensive to afford, you are said to be priced out of it. Being priced out pertains to any service or product that is getting more and more expensive, though it is most frequently linked with real estate markets.
Briefing
Shares to be issued = 700,000 shares
Per share price to public = $25
Spread = 5%
Out of pocket cost = $450,000
Total per-share underwriting fees:
= [(Shares to be issued × Per share price to public × Spread) + Out of pocket cost] ÷ Shares to be issued
= [(700,000 × $25 × 0.05) + $450,000] ÷ 700,000
= $1.8929
= $1.89 (approx)
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what were some of the effects of the trade policy changes under gatt? multiple select question. tariffs were reduced by 33% on average. intellectual rights were given more protection. quotas on agricultural goods were phased out. tariffs replaced quotas on apparel and textiles.
Quotas on clothing and textiles were superseded with tariffs. The average reduction in tariffs was 33%. More protections was provided to intellectual property rights.
Why is commerce so crucial?Trade is essential to the prosperity of the United States so it boosts economic expansion, promotes domestic industry, raises living standards, and enables citizens to sustain their families with reasonably priced items and services.
What exactly does trading in commerce mean?Any action conducted to generate money from the sale of things or the provision of services falls within the definition of industry or business. It is not restricted to integrated aggregation of assets, operations, and goodwill that constitute companies for the purposes of other Internal Revenue Code sections.
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question content area the primary budget in a nonmanufacturing business is the budget. a.selling and administrative expenses b.staffing
Staffing content area The budget is a non-manufacturing company's main budget.
How would you define business?A person is conducting business when they create goods or offer services with the goal of making a profit. Business Definition. A business is a creative organization or team that partakes in professional responsibilities. They might well be professional, industrial, or another type else.
What makes business so crucial?Our lives depend heavily on business. They start by producing things and services to meet our needs and desires. Then, they enlist homes as workers as well as treat them to earnings, salaries, and perks. As a result, it turns into a source of revenue for them, which they may utilize to maintain their way of life.
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The complete question is-
The primary budget in a nonmanufacturing business is the _____ budget.
a. selling and administrative expenses
b. staffing
c. capital expenditures
d. cash
by analyzing the income statement, what amount of money is left over at the end of the year from the business once everything is accounted for?
The amount of profit your business has remaining after all costs have been met is known as net income. Total revenue here refers to all money made from selling goods or services.
What is included in the financial statements?
The revenues, expenses, and profitability of a company are shown on a net income over time. It is also frequently referred to as an income (P&L) or financial report. Your sales revenue for products and services is shown.
What are an example of an income statement?
An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. The balance sheet and income statement
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two wheeler dealer had sales totaling $198,464 last year. the cost of the goods sold was $177,228. expenses totaled $60,905. what was the net profit margin for the year?
The net profit margin for the two wheeler dealer in this question would be 30.45%.
How to find net profit margin ?Net profit margin is a financial ratio that reflects the percentage of total sales that represents the profit after all expenses have been subtracted. It is calculated by dividing the net profit (total sales minus all expenses) by the total sales for a given period of time, such as a year or quarter.
To find the net profit margin for the two wheeler dealer in this example, you can use the following formula:
Net profit margin = (Total sales - Cost of goods sold - Expenses) / Total sales
Plugging in the values given in the problem, we get:
Net profit margin = ($198,464 - $177,228 - $60,905) / $198,464
This simplifies to:
Net profit margin = ($60,331) / $198,464
Which is equal to:
Net profit margin = 0.3045 or 30.45%
So the net profit margin for the two wheeler dealer in this example would be 30.45%. This means that 30.45% of the total sales represents the profit after all expenses have been subtracted.
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Which of the following is a tax on imported goods or products?
A tariff is a tax imposed by government of one country on the goods and services imported from another country. Therefore, the correct option is 4th.
Tariff is imposed majorly to protect the domestic producers, but the government also imposes tariffs to reduce imports from other countries, thereby promoting the use of domestic products. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. Some of the benefits of imposing tariffs are:
Protection to producers.Preserve national security.Reduction of innovation.Avoiding unemployment.Tariffs should be imposed by the government when there is a potential threat or harm to domestic manufacturers or based on requests. The importing firm pays tariffs to the country's government where the goods are imported.
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The complete question would be: Which of the following is a tax imposed on the imported goods or products?
SubsidyQuota EmbargoTariffWherein, a subsidy is a monetary gift from the government. A quota is an amount of something. An embargo is a ban on trade with a country.
a total of 8000 is invested in two funds paying an annual interest of 4% and 5%. the combined annual interest is 350%. how much of the $8000 was invested in each fund?
Let x be the quantity invested at 4% annual hobby and y be the amount invested at 5% interest. The sum of all the investments is $8000. The complete yield from the two investments is $350. Thus, the first investment is $5000 whilst the 2nd investment is $3000.
What is annual interest
The annual pastime charge refers to the charge that is utilized over a period of one year. Interest prices can be utilized over special periods, such as monthly, quarterly, or bi-annually. However, in most cases, activity charges are annualized.
How do you calculate annual interest?The formula and calculations are as follows: Effective annual interest charge = (1 + (nominal rate ÷ quantity of compounding periods)) ^ (number of compounding periods) - 1. For investment A, this would be: 10.47% = (1 + (10% ÷ 12)) ^ 12 - 1.
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https://brainly.com/question/28752423#SPJ4overland, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. frigid, an air-conditioner manufacturer, faces intense pressure from its home market. woof, a dog-toy manufacturer, has encountered little competition in its country of origin. in which company should midas touch invest?
Setting up all-in-hand selling subsidiaries is preferred to joint-venture arrangements and to the victimization of foreign selling agents as a result of it offers the firm tight management that may be needed for coordinative a globally distributed price chain.
(1) Once a firm's competitive advantage relies on technological competency, a completely in-hand sub can typically be the well-liked entry mode as a result of it reduces the chance of losing management over that competency.
Exporting is the method of the commercialism of products and services created in one country to alternative countries. Establishing a completely in-hand subsidiary is mostly the foremost pricey technique of serving a far-off market from a capital investment stand. Corporations doing this should bear the total capital prices and risks of fitting overseas operations.
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blue fizz inc. sponsors every race that takes place at the sears racing track in orange county, california. the high-octane racing at sears is perfect for blue fizz to sell its energy drinks and to establish the desired brand image of the company. which type of promotion is evident here?
Event marketing promotion is evident here. Therefore, option (B) is the correct answer.
Event marketing is a form of advertising that involves direct interaction between businesses and consumers at gatherings like trade exhibitions, conferences, and seminars. Every event is distinct from the next in terms of its viewers, substance, and cultural makeup. It ought to be promoted in a distinctive manner as a result. The event marketer of the future must remain on top of the event marketing game to be successful.
There are several methods to use event marketing. The most obvious example is when a brand hosts events. Depending on the event kind, you may use it to identify new partners, generate leads, strengthen ties with clients and prospects, etc.
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Complete question:
Blue fizz inc. sponsors every race that takes place at the sears racing track in orange county, california. the high-octane racing at sears is perfect for blue fizz to sell its energy drinks and to establish the desired brand image of the company. Which type of promotion is evident here?
A) mass marketing
B) event marketing
C) point-of-purchase promotion
D) solution selling
E) advertising specialties
Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
a. True
b. False
The statement is false. Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events.
An employee is a person who has agreed to be employed to paint for a few shapes of fee below an agreement of employment. Your employment popularity will assist define what rights and responsibilities you have got at paintings. There are three fundamental varieties of employment popularity: employee.
Before hiring a new team member, it is crucial to apprehend your options in regard to special kinds of employees. research the main variations among complete-time, part-time, seasonal, and brief personnel. Any person who strives hard to accomplish the desires and goals of a specific employer is called an employee. personnel is employed to carry out particular obligations as per their specialization, hobby regions, and former stories.
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fully grown parent cells split into two halves resulting in two daughter cells with the exact dna as the parent.
Binary fission involves the division of the parent organism into two halves.
What precisely is binary fission?Binary fission is asexual reproduction in which the organism is divided into two new bodies. An organism copies its genetic material, or deoxyribonucleic acid (DNA), in the process of binary fission, and separates into two pieces (cytokinesis), with each new organism acquiring one copy of DNA.
What is a fission example?In the fission process, energy is produced by dissolving large atoms, like uranium, into smaller atoms, like iodine, caesium, strontium, xenon, and barium, to mention a few. To create the heavier helium, fusion combines light atoms, such as the deuterium and tritium isotopes of hydrogen.
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True or False?
A true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),
it is homogeneous within the segment (exhibits common needs),
it responds similarly to a market stimulus, and it can be reached by a market intervention
It is TRUE to state that a true market segment meets all of the following criteria:
it is distinct from other segments (different segments have different needs),it is homogeneous within the segment (exhibits common needs),it responds similarly to a market stimulus, and it can be reached by a market intervention.What is a market segment?
Market segmentation is the process of breaking a large consumer or company market, often made up of present and future customers, into sub-groups of consumers based on some form of the shared trait.
Segmentation allows you to understand more about your audience and personalize your messaging to their tastes and requirements. Targeting a specific section of people who are likely to be interested in your content or product is far more successful than targeting a large number of people.
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herb garden will pay $4 annual dividend on their common stock in the coming year. this dividend increases at an average rate of 4% per year. the stock is currently selling for $80 a share. what is the market required rate of return on herb garden common stock?
The market stock in the given case would be 9%.
The gathering of buyers and sellers of stocks, which represent ownership claims on companies and may include securities listed on a public stock exchange, is known as an equity market, stock market, or share market.The market capitalization of stocks refers to how much money all of their shares collectively are worth. The largest market capitalizations of firms are referred to as large-cap stocks, while successively smaller companies are represented by mid-cap and small-cap stocks.Peter Lynch categorized equities into six groups: asset plays, cyclicals, mainstays, rapid growers, and slow growers. Peter Lynch, a renowned stock market investor, classified stocks into six groups: asset plays, cyclicals, mainstays, rapid growers, and slow growers.To know more about Stocks here
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the choices that a firm has for entering the international market include all of the following except: a. exporting. b. acquisition. c. licensing. d. leasing.
The alternatives that a company has for getting into the worldwide marketplace consist of all the following except:d. leasing.
The required details about leasing is mentioned in below paragraph.
A leasing is a legal, binding agreement outlining the phrases beneathneath which one celebration concurs to hire assets owned with the aid of using any other celebration. It ensures the tenant or lessee use of the assets and ensures the assets proprietor or landlord normal bills for a unique length in exchangeLease accounting is the method with the aid of using which a organisation data the economic affects of its leasing activities. leasing that meet particular class necessities ought to be recorded on a organisation's economic statements.Leasing is a manner of renting an asset that the enterprise requires, which include a espresso machine. Monthly bills are made and the leasing organisation is liable for the supply and protection of the leased item.
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The Federal Reserve is worried about rising prices, so it has decided to decrease the money supply. The government wants to encourage economic growth, so it has decided to cut taxes. This situation shows that the Federal Reserve and the government can have _____ goals.
The Federal Reserve has chosen to reduce the amount of money in circulation because it is concerned about growing prices. The administration has chosen to reduce taxes in order to promote economic growth. This instance demonstrates how the objectives of the Federal Reserve and the state can diverge.
What is Economic growth?The rise or improvement in the market value of the commodities and services generated by an economy within a fiscal year is referred to as economic growth. Statisticians typically gauge this growth as a percentage rate of growth in the real GDP, or gross domestic product.
To remove the distorting influence of inflation on the prices of produced items, growth is typically calculated in real terms, i.e., terms adjusted for inflation. National income accounting is used to calculate economic growth. The benefits and downsides of that approach are present since economic growth is calculated as the annual percent change of GDP. Utilizing the GDP to population ratio, it is common practice to compare the economic growth rates of various nations.
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When a company is looking for growth opportunities, which of these steps should it take first?
a. Consider whether it could gain more market share with its current products in their current markets using a marketpenetration strategy
b. Consider considers whether it can find or develop new markets for its current products using a market-development strategy
c. Consider whether it can develop new products for its current markets with a product-development strategy
d. Consider whether it should develop new products for new markets through a diversification strategy Consider whether it should strengthen its brands by consolidating diverse product lines
When a company is looking for growth opportunities, which of these steps should it take first b. Consider considers whether it can find or develop new markets for its current products using a market-development strategy.
market development strategy is a increase strategy put in area with the aid of groups or companies to introduce their product or technique to target audiences they've no longer yet reached or aren't yet currently serving.
for example, permit’s say your software corporation has a brand new product offering available.
so one can come up with a marketplace improvement method, you need to research who the brand new product would paintings great for, and the quality manner to goal them — that, in a nutshell, could be your marketplace development method. There are numerous factors to don't forget when figuring out in case your organization is ready to broaden a new marketplace development approach to your product.
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according to dr. jay nunamaker, regents professor and founding chair, uofa mis dept., what do mis/oscm (management information systems / operations and supply chain management) professionals really do?
Professionals really do is store, organize and analyze information and solving real problems.
What are the main purposes of using MIS in an organization?To assess, create, implement, and manage computerized information systems in an organizational setting, management information systems (MIS) blends computer technology with managerial decision-making techniques.The three processes that an information system uses to create the information an organization needs are input, processing, and output.MIS also refers to computer software that is used to store, organise, and analyze information in addition to being a department inside a firm. Systems for managing information are used to monitor sales, inventories, equipment, and other business-related data.Process control, office automation, enterprise resource planning, financial systems, and management reporting are some further examples of management information systems used in an organization.Learn more about management information systems refer to :
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receiving input from hospitals, doctors, pharmaceutical manufacturers, and other parts of the medical industry that would be impacted by health-care reform policies would occur in which phase of the policymaking process?
Receiving input from hospitals, doctors, pharmaceutical manufacturers, and other parts of the medical industry that would be impacted by health-care reform policies would occur in policy formulation phase of the policymaking process.
What is policy formulation?The process of turning concerns found during the agenda-setting phase into government initiatives is known as policy formation. The process of creating alternative policies reflects and distributes power among various interests, which has an impact on both implementation and results. A municipal, state, or federal government's study, development, and implementation of laws, rules, funding priorities, or other measures on a particular public issue is known as public policy formation. Knowing where you're headed and why helps. We follow a policy approach when deciding on the best instruments to use. To accomplish the goal, policy must be created that is contextually appropriate. The responsibility for formulating policies falls to top-level management. They are in charge of creating the organization's policies and objectives.
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