Answer:True
Explanation: cus im on schoology
Customer service is crucial because it creates a great impression for current and prospective clients, keeps consumers wanting to return, and makes customers feel that they are the top priority.
What is service?
The term service refers to the intangible form. The services are the exchange of the money. The expert person are the provided the skills for the another person as the main motive to earn money.
Customer service is critical since it generates a pleasant impression and helps to build the brand's image. The customer is certain to return. The first priority is to make the consumer happy.
As a result, the customer service more important aforementioned.
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all of the following are important factors to note when conducting a stakeholder analysis and composing a classificatigno matrix, except
All of the following are important factors to note when conducting a stakeholder analysis and composing a classification matrix, except a Salience model.
Salience model is a technique for classifying stakeholders and to determine who do be counted! A challenge manager is probably to stand the assignment in deciding on the proper stakeholders and prioritizing the competing verbal exchange needs. Salience model brings readability in prominence and significance of the distinct stakeholders.
Why is salience model version important?
The salience model helps you control your stakeholders successfully. whilst extra time ingesting than the opposite models, however, it presents you with higher analysis and information of your stakeholders. This salience model helps you to focus your strength on crucial stakeholders.
That are the 3 fundamental attributes of stakeholders in salience model?
A stakeholder salience model diagram is a Venn diagram comprising circles representing 3 attributes: power, legitimacy, and urgency. The intersection of circles indicates stakeholders with a couple of attributes. based totally on those attributes, you can classify stakeholders into seven businesses.
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In analyzing the pharmaceutical industry for a prospective business launch, nicole turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is ___________.
In analyzing the pharmaceutical industry for a prospective business launch, Nicole Turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is Low
This is further explained below.
What is the pharmaceutical industry?Generally, The pharmaceutical industry is responsible for the research, development, production, and marketing of drugs or pharmaceutical drugs that are intended for use as medications to be administered to patients in the hope of curing patients, vaccinating patients, or reducing the severity of their symptoms.
In conclusion, Nicole Turco, who holds a doctorate in pharmacology, came to the conclusion that the pharmaceutical industry was appealing after conducting research on the sector in preparation for the launch of a potential business.
She came to this conclusion after finding that the industry faces a low level of competition from substitute products.
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Project ____ management involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project successfully
Project scope management involves working with all appropriate stakeholders to define, gain written agreement for, and manage all the work required to complete the project.
Project scope management is special activity-oriented management where the total amount of work that must be done in order to process the delivery of a particular product, or service as well as a result with specific functions including features. It is involved in everything that must get included in a project, as well as what makes it helps define its victory.
This management ensures that the scope imparted by a project is accurately defined, and mapped as well as enables concerned project managers to allocate the resources of proper labor and costs necessary for the completion of a project.
This is primarily concentrated on what is and is not part of the defined scope to be achieved. It is the total amount of work required for the completion of a project and it is also one of the triple constraints included in project management.
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of the following three kinds of competition, which one means the least profit for the participating businesses?
Answer: At the macro level, these are the only three types of competition that matter. These competitors are applicable to all industries, and all business entities. 1) Direct to your product and market–. 2) Indirect to your product and market –. 3)
Explanation:
If player 1 plays strategy x and player 2 plays strategy c, what is player 2's payoff?
player 1 player 2
a b c x 9, 8 10, 12 3, 15 y 5, 6 12, 20 4, 10 z 10, 9 13, 4 8, 12
a. 10
b. 15
c. 3
d. 12
Player 2's payoff is 15.
The ordered pair is known as the payoff vector. for instance, if both players pick H, then player 1's payoff is $1 and participant 2's payoff is -$1 on account that he loses to player 1. therefore the payoff vector is related to the final results The payout a participant gets from arriving at specific final results The payout may be in any quantifiable shape, from dollars to application. statistics set The information available at a given point in the game
The time period records set is most often applied while the sport has a sequential element. the route of motion that results in the maximum payoff for a participant irrespective of what the alternative participant does. The dominant strategy in game ideas refers to a situation where one player has advanced strategies no matter how their opponent may also play. preserving all elements constantly, that player enjoys a top hand in the game over the opposition. sport concept is used drastically in numerous varieties of collective bargaining and negotiation.
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The journal entry to recognize depreciation expense for office equipment would include a?
The journal entry to record depreciation expense includes a debit to depreciation expense and a credit to cumulative depreciation.
Accumulated DepreciationAccording to generally accepted accounting principles (GAAP), the matching principle requires that expenses be allocated to the same accounting period during which the relevant revenue is realized. A business will deduct a portion of an asset's value through depreciation over the course of each year of its useful life. This means that the expense related to using up the asset is reported every year it is put to use and generates income.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation. The beginning cumulative depreciation balance is increased with each period's depreciation expense. In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost.
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Cathy assures don that she will deliver his products as he directs. an assertion that one will do something in the future is part of the definition of:_________
Cathy confirms Don that she will have his products as he directs. An idea that one will do something in the future is part of the purpose of: a declaration.
What is a Declaration?A declaration is a reported statement, claimed to be the truth under penalty of perjury by any person who has direct understanding about the issues in a court case.
What is called declaration?An assertive statement — either written or spoken — is called a declaration. The Continental Congress declared their intention to form a new nation when they penned the Declaration of Independence. To declare is a verb, but when you count the suffix tion, you change it to a noun.
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in general fall protection must be provided to construction workers who are working on surfaces with
In general fall protection must be provided to construction workers who are working on surfaces with unprotected sides and edges which are 6feet above the lower level.
Construction worker:
A construction worker is someone who works on the physical building of the built environment and its infrastructure. Workers may be classified as unskilled or semi-skilled labourers, skilled craftsmen, or supervisory or managerial staff under some definitions. Construction employees are described as persons "who work for or under the direction of a contractor on a construction site" in the United Kingdom; in Canada, this might include people whose employment includes ensuring compliance with building laws and regulations, as well as those who oversee other workers.
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What is a likely explanation for all substantial change in a body form between two closely related taxes?
Changes in the number, sequence, and regulation of developmental genes.
Without having to bilaterally rewrite every agreement, Mli is a tool for implementing agreed changes in a synchronized manner across the network of existing agreements.
The total amount of income, assets, purchases, transactions, and other economic activity that is subject to taxation by a taxing authority is known as the tax base. A limited tax base is ineffective and non-neutral. A wide tax base lowers the cost of tax administration and makes it possible to raise more money at lower rates.
An arrangement between jurisdictions that reduces the issue of double taxation that can arise when tax authorities consider an individual or business to be a resident of more than one country is known as a bilateral tax agreement, a sort of tax treaty that is signed by two governments.
A bilateral tax agreement can strengthen bilateral ties, promote international trade and investment, and lower tax evasion.
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You+own+a+10-year+bond+with+a+current+yield+to+maturity+of+8%+and+duration+of+6+years.+if+interest+rates+are+expected+to+increase+by+0.75%,+calculate+the+estimated+price+change+of+your+bond.
Price change of your bond is 4.17%.
First we will find the volatility of the bond.
Volatility(%) = Duration / (1+yield) = 6 / (1 + 0.08) = 5.55556
Since, the interest rate is increased, the price of the bond will decrease.
Estimated Price change = Volatility × Change in interest rates.
Hence, estimated price change = 5.55556 × 0.75 = 4.17%
Bonds are volatile and their charges circulate in inverse relationship to hobby fees. while hobby fees upward thrust, prices of presently issued bonds fall, and vice versa. So from 12 months to year, as hobby rates for varying classes of bonds circulate up and down, their charges circulate down and up.
Typically, bonds with lengthy maturities and coffee coupons have the longest periods. those bonds are more sensitive to a alternate in market interest quotes and for this reason are greater risky in a changing fee surroundings. Conversely, bonds with shorter maturity dates or higher coupons may have shorter periods.
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you are given the following information for troiano pizza company: sales = $86,500; costs = $59,700; addition to retained earnings = $8,500; dividends paid = $3,620; interest expense = $3,330; tax rate = 25 percent. calculate the depreciation expense for the company.
The depreciation expense of the company is $7,310
What is the company's net income?
The company's net income is the sum of its retained earnings and dividends, because the net income is divided into two parts, the part retained in the business for further growth is the retained earnings whereas the other part, dividends , are paid to shareholders
net income=retained earnings+dividends
retained earnings=$8,500
dividends=$3,620
net income=$8,500+$3,620
net income=$12,120
net income=(sales-costs-depreciation-interest expense)*(1-tax rate)
net income=$12,120
sales=$86,500
costs=$59,700
depreciation=unknown=assume it is x
interest expense=$3,330
tax rate=25%
$12,120=($86,500- $59,700-x-$3,330)*(1-25%)
$12,120/(1-25%)=$23,470-x
$16,160=$23,470-x
x=$23,470-$16,160
x=depreciation=$7,310
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the current us debt as of 8/17/22 was approximately $30.6 trillion. calculate how far a stack of dollar bills in this amount would reach in miles.
A stack of dollar bills in this amount would reach up to 2.9653×[tex]10^9[/tex]
It is given that the length of a dollar bill is
15.5956cm=0.155956
In a stack of 30.6 trillion dollars, there will be 30.6 trillion dollar bills. Therefore, the length the dollar bills would extend to can be determined by multiplying the length of a dollar bill, 30.6 trillion as follows:
0.155956 × 30.6 × [tex]10^1^2[/tex]=4.7722×[tex]10^1^2[/tex]
Now 1 meter is equal to 0.000621371 miles.
Therefore,
4.7722×10m=4.7722×[tex]10^1^2[/tex]×0.000621371
=2.9653×[tex]10^9[/tex]
Therefore, a stack of 28.7 trillion dollar bills can extend up to 2.9653×[tex]10^9[/tex]
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Once a company has decided to enter the global marketplace, it must select a means of market entry. As the firm moves from exporting to direct investment, the amount of financial commitment, risk, marketing control, and profit potential.
Increases A business may decide to export from its own country in order to enter foreign markets.
Planning is the means by which businesses achieve their objectives and advance. A business decides to join a foreign market; this plan helps it spread its wings. Company could obtain it in a variety of ways. These methods may give an indication of a company's strength, potential, and level of marketing interest. The primary technique for entering the global market is exporting, which can be done directly or indirectly. A company's efforts to enter a foreign market may involve little capital and be restricted to sporadic exporting with a focus on market expansion. Or, a business can spend a lot of money and managerial time to boost the value of its shares on international markets. Both strategies have a chance of success. With the help of these techniques, entry market strategy can be accomplished.
The risk of a financial loss can be reduced, making this method of foreign market expansion the simplest and most popular choice among businesses making their initial forays into international markets. Exporting is a common practice for businesses as their primary market access strategy. The early goals are often to take the market's cream off or increase sales to cover costs. Although such goals may seem opportunistic, exporting is a reliable and long-term method of engaging in worldwide marketing.
The term "global marketplace" refers to an unrestricted interchange of commodities, concepts, and services beyond national and international boundaries. Regardless of their closeness, businesses can target and access relevant consumer bases in a global economy.
A global market is a place where products, services, and labor are traded internationally. Standardization of products and services is necessary for a perfect global market so that products and services can travel freely around the world. Participants in the market must also have faith and confidence in this international marketplace.
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the fundamental problem of economics implies that: governments must be relied upon to supply essential goods and services inflation and unemployment are unavoidable growing populations will deplete natural resources individuals and communities must make choices among competing alternatives
Individuals and communities must make choices among competing alternatives is the correct answer.
What is community?
A community is a social unit (a group of living things) that shares characteristics like location, norms, religion, values, customs, or identity. Communities can share a feeling of place in a physical location (e.g., a country, hamlet, town, or neighbourhood) or in virtual space via communication platforms. Long-term excellent relationships that go beyond immediate ancestral links form a feeling of community, which is crucial to their identity, practise, and participation in social institutions such as family, home, job, government, society, or humanity at large. Although most communities are minor in comparison to personal social ties, the term "community" can also apply to huge group affiliations such as national communities, international communities, and virtual communities.
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how might an economist gather empirical data to test the proposed relationship between money and the price level?economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy.an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level.unlike researchers in the hard sciences, economists cannot study complex relationships using data.an economist would look for data on past changes in the money supply and note the resulting changes in the price level.
The way that the economist would be able to gather empirical data would be that An economist would look for data on past changes in the money supply, and note the resulting changes in the price level.
What is meant by the empirical data?The empirical data can be described as the data that is gotten through the research that is being conducted. This is the information that would come through the use of research methods in the accuracy and the quality of the given data.
Hence we can say that The way that the economist would be able to gather empirical data would be that An economist would look for data on past changes in the money supply, and note the resulting changes in the price level.
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As independent contractors, what can sales agents be provided by their sponsoring broker?
As independent contractors, what can sales dealers be furnished through their sponsoring broker: Salary
An independent contractor is someone, enterprise, or organization that gives goods or services underneath a written settlement or a verbal settlement. not like personnel, unbiased contractors do not work regularly for an employer but work as required, while they'll be a situation to the law of agency.
You can turn out to be an independent contractor by means of running for yourself. Many freelancers in a gig-centric economy transition are impartial contractors who paint on a contractual basis to provide goods. unbiased contractors may also have a registered felony commercial enterprise call, earned any important certifications or licenses, and pay their envisioned taxes quarterly to the IRS.
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Suppose that supply increases and demand decreases. what is the most likely effect on price and quantity?
There is only one price at which the two curves connect when the supply curve is ascending and the demand curve is descending. This means that the price at which equilibrium is reached is a single price. It implies that the market will not be in equilibrium at any price other than the equilibrium price. Next, we look at what occurs when prices differ from the equilibrium price.
A supply curve and a supply schedule At a price of $6 per pound, the two curves cross; at this price, the amounts demanded and supplied are equal. Every month, 25 million pounds of coffee are sought after by buyers and offered for sale by sellers. The coffee market is in a state of equilibrium. There won't be a propensity for pricing to move unless the supply or demand curves alter. In each market, the equilibrium price is the one where supply and demand are equal. Thus, $6 a pound is the market's equilibrium price for coffee. The quantity that is required and provided at the equilibrium price is known as the equilibrium quantity.
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Why do you need to use the paste values option when you paste contents from a helper row to the original row?
Validates the copied function guarantees consistency Makes certain formulation are not also copied continues mobile formatting the equal is used to apply the paste values option while you paste contents from a helper row to the original row.
Copying and pasting values is probably one of the maximum common duties we do in Excel. Paste Values will paste the values handiest of the copied range without formulation and formatting. This lets in us to extract the numbers or text from cells.
When you paste the text into the file, Paste options will appear and can help you choose exceptional alternatives depending on the form of content material we're pasting. maintain source Formatting. this option preserves the appearance of the unique textual content.
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When estimating the growth rate, g, with the constant-growth stock valuation model, it is assumed that the ______ ratio stays the same.
When estimating the growth rate, g, with the constant-growth stock valuation model, it is assumed that the Dividend ratio stays the same.
To ascertain a company's worth or fair value, valuation models are used. Depending on the valuation methodology chosen, analysts analyse a wide range of elements, including as income statements, balance sheets, market circumstances, business models, and management teams.There are various approaches to valuing a business or its shares, each with advantages and disadvantages.While some models focus on relative valuation against peers, others attempt to determine a company's intrinsic value based on its own financial statements and projects.A discount model, such as the Gordon growth model, is frequently straightforward and generally dependable for businesses that pay dividends, but many businesses do not.To know more about Stock Valuation visit:
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Suppose you know that the price elasticity of demand for your product is 0. 5, and you are thinking about raising your price by 8%. How much can you expect quantity to decrease?.
The price elasticity of demand for the product's expected quantity to decrease is 4%.
Price elasticity of demand is the term used to describe the relationship between the percentage change in a product's quantity demanded and the percentage change in price. It aids economists in understanding how supply and demand change in response to price changes in a given good. Elasticity theory talks about how responsive supply and demand are to price changes. In economics, elasticity is a tool for examining how changes in consumer spending habits or producer prices impact changes in product demand and supply. The price elasticity of supply measures how responsive a good or service is to supply after a change in market price. A good's supply will increase as its price rises. On the other hand, when a good's price increases, its supply will decrease.
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which technique was one way andrew carnegie dominated the american steel industry in the late 1800s? corporate financing corporate financing vertical integration vertical integration union oversight union oversight international mergers
Vertical integration technique was one way andrew carnegie dominated the american steel industry in the late 1800s.
Because Andrew Carnegie used a strategy known as horizontal integration to reduce competition, he was able to control the steel industry. Later, however, Carnegie developed vertical integration, which meant that he acquired railroad firms and iron mines in order to control the market by driving down prices and producing steel at a lower cost.
What It Does?When a business tries to expand across the supply chain or production process, vertical integration happens. A corporation engages in vertical integration to become more self-reliant on other components of the process rather than clinging to a specific point along the process.
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Income is an example of? categorical data. either categorical or quantitative data. nominal data. quantitative dat
An ordinal or ratio scale can be used to record the variable income: You may define five groups of salaries and code the incomes that belong to each group from 1 to 5 on an ordinal scale. You would record specific amounts for income at the ratio level.
Differences between qualitative and categorical dataThe differences between qualitative and categorical data are:
A qualitative variable, often known as a categorical variable, is one in which the variable categories are expressed verbally rather than as sets of numbers. Nominal and ordinal are the two subtypes of categorical data. Nominal variables lack numerical values in favor of "names."
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The terms listed are all related to legal concepts. (b) The "Bill of Rights" refers to the first ten amendments of the United States Constitution, which protect individual rights and liberties.
(c) "Motion in limine" is a legal motion filed by a party in a court case to exclude certain evidence or testimony from being presented during trial.
(d) "Voir dire" is a process during jury selection where potential jurors are questioned to determine their qualifications and potential biases.
(e) "Jury instructions" are directions given by a judge to the jury regarding the law applicable to the case and the standards they should apply in reaching a verdict.
(f) "Symbolic speech" refers to nonverbal expressions or actions, such as gestures or wearing certain clothing, that convey a particular message or idea and are protected as a form of free speech.
(g) "Verdict" is the decision reached by a jury at the end of a trial, determining whether the defendant is guilty or not guilty.
(h) "Relevant evidence" refers to evidence that is directly related to the issues in a legal case and has the potential to prove or disprove a fact in dispute. It is admissible in court proceedings by Bill of Rights.
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A+total+of+$12,000+was+invested+for+one+year+in+two+funds+paying+5%+and+3%+simple+interest.+the+total+annual+interest+earned+was+$500.+how+much+was+invested+at+each+rate?
$ 7000 was invested first fund where interest rate 5% and $ (12000-7000) = $ 5000 was invested second fund where, interest rate is 3%.
Let $ x was invested first round where, interest rate 5 % .
So, $ (12000 - x) was invested second fund where interest rate 3 %.
For first fund :-
Principle (P) = $ x
Time (T) = 1 year
Interest rate (R) = 5%
Simple interest (SI) = PRT/100
= x × 5 × 1/100
= x/20
For second fund :-
Principle (P) = $ (12000 - x)
Time (T) = 1 year
Simple interest (SI) = PRT/100
= (12000 - x)× 3× 1/100
Hence,
x/20 + (12000 - x)× 3× 1/100 = 500
x = 7000
So, $ 7000 was invested first fund where interest rate 5% and $ (12000-7000) = $ 5000 was invested second fund where, interest rate is 3%.
An investment is an asset or object received with the aim of producing earnings or appreciation. Appreciation refers to an growth within the value of an asset over the years. When an individual purchases an awesome as an investment, the intent isn't always to eat the good however alternatively to apply it in the destiny to create wealth.
The enterprise can use this invested coins for a spread of movements capital prices needed for enlargement, cash for strolling daily operations, reducing debt, or hiring new personnel. In some cases, the share of the enterprise the investor gets is proportional to the full capital they offer.
Disclaimer:- your question is in improper format, the correct format of answer.
Q. A total of $12,000 was invested for one year in two funds paying 5% and 3% simple interest the total annual interest earned was+$500.How much was invested at each rate?
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prior to the 2008 takeover of fannie mae and freddie mac, the federal government explicitly backed the securities issued by which secondary market agency or agencies?
Prior to the 2008 takeover of Fannie Mae and Freddie Mac, the federal government explicitly backed the securities issued by Ginnie Mac
The US Congress established Fannie Mae and Freddie Mac as government-backed mortgage enterprises. Both institutions do not create or maintain their own mortgages. Instead, they purchase and provide guarantees for mortgages that are issued by lenders on the secondary mortgage market. Up until the 1990s, the two companies essentially controlled the secondary mortgage market.
Together, these organizations provide liquidity and guarantees to thousands of banks, savings and loans, and mortgage businesses in the United States, increasing the mortgage market's stability, liquidity, and affordability.
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The present value of $40,000 to be received in two years, at 12ompounded annually, is?
The answer is $31,888. The present interest value of $40,000 to be received in two years, at 12 compounded annually, is $40,000 × Present value factor of $1 to be received in two years, at 12% compounded annually is
= $40,000 × 0.79719 = $31,888
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.
The present value of $40,000 to be received in two years, at 12% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed.
Present Value of $1 at Compound Interest
Periods
5% 6% 7% 10% 12%
1 0.952380.943400.934580.909090.89286
2 0.907030.890000.873440.826450.79719
3 0.863840.839620.816300.751320.71178
4 0.822700.792090.762900.683010.63552
5 0.783530.747260.712990.620920.56743
6 0.746220.704960.666340.564470.50663
7 0.710680.665060.622750.513160.45235
8 0.676840.627410.582010.466510.40388
9 0.644610.591900.543930.424100.36061
10 0.613910.558400.508350.385540.32197
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Which factors may be barriers to effective decision making?
The level of decision-making is unclear, there is not enough time, there is not enough trustworthy data, there are too many options, and there are not enough resources.
What is decision-making?Identifying a decision, gathering information, and considering alternative solutions are all steps in the process of selecting a course of action. A step-by-step decision-making process can help you make more cautious, thought-out decisions by gathering relevant information and recognizing options.
The optimal course of action for oneself and others is chosen by a wise decision-maker. They approach decision-making with an open mind and resist letting their personal prejudices influence them. After considering all of their options and the repercussions, they make sensible conclusions.
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urgency, specific application, and size of order are examples of segmentation variables for business markets.
urgency, specific application, and size of order are examples of situational factors segmentation variables for business markets.
Situational segmentation is generally based upon urgency such as the quick delivery needs, or the specific application such as specific uses for the product or the urgency, specific application, and size of order are examples of segmentation such as few large or many small accounts.
Personal comparisons can also lead to segmentation by the buyer-seller similarity for instance companies with similar personnel and values , or their attitudes toward risk such as focus on risk-taking or risk-avoiding companies, or it can be the loyalty which leads to focus on companies that show high loyalty to their suppliers.
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In terms of international business activities market globalization can play the roile of a?
In terms of the international business activities market, globalization can play the role of a driver and consequence of firm-level internationalization.
What do you know about the International business market?Any firm that works over international borders is referred to as an international business. It consists primarily of international trade in commodities and services. However, there are further types of global commerce. Geographically, a global market lies outside the national borders of the country where a company is based. A firm is often a citizen of the nation in which it is organized, to the degree that it is a separate legal entity like a corporation.
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information reduces uncertainty, improves decision making, or confirms or corrects prior expectations.
information reduces uncertainty, improves decision making, or confirms or corrects prior expectations is relevant.
What is relevancy in information?In information science and information retrieval, relevancy can be described as the attributes of a good information which is the extent to which a retrieved document was able to meets the information need of the user.
It should be noted that Relevancy is concerns with timeliness, authority or novelty , hence information reduces uncertainty, improves decision making, or confirms or corrects prior expectations is relevant.
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If the price of a product were to go down, what would happen to the quantity demanded of that product?
If the price of a product were to go down, the quantity demand will increase significantly.
What is Law of Demand?
The price and the quantity demanded is inversely proportional and therefore, when the price decreases the quantity demanded will eventually go high.
It is represented as a downward sloping line in a graph from left to right.
The Law of Demand is one of the most keystone concept in the field of economics. It works simultaneously with law of supply.
thus explaining the how market allocate resources , determining the prices and services of the goods which we observe in everyday transactions.
Therefore it can be concluded that the quantity purchased is inversely proportional to the price. higher the price would go, lower the quantity demanded.
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