The Physical Distribution concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level. So, the correct option is D.
Physical Distribution can be defined as the activities of planning, executing, and controlling the physical flow of goods, services, and related information from the point of production to the point of consumption to meet the customer's requirements profitably.
This concept is essential in the overall business and channel system as it ensures that all transporting, storing, and product-handling activities of a business are taken into consideration and viewed as part of one system. This system should aim to minimize the cost of distribution for a given customer service level. A lot of companies depend on physical distribution for their success.
It includes a range of activities such as packaging, warehousing, transportation, order processing, and inventory management. The goal is to get the product to the consumer when they need it, where they need it, and how they want it. Hence, Physical Distribution becomes very significant.
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1. List four reasons that businesses extend credit.
2. How does using credit benefit businesses and consumers?
1.Encourage customers to spend more, which can result in increased sales if receivables are turned to cash;
Increase customer goodwill and build good customer relations;
Make your customers less sensitive to price and more focused on the services you offer.
2.Having credit enables consumers to buy goods or assets without having to pay for them in cash at the time of purchase. Having a good credit record means that a person has an established history of paying back 100% of his/her debts on time
2. Benefits for business:
all 4 points aboveCash flow management: Offering credit can help businesses manage their cash flow, as they can receive payment over a period of time rather than all at once.Benefits for consumers:
Purchasing power: Using credit allows consumers to make purchases that they may not have been able to afford with cash, such as items like a home or a car.Convenience: Using credit cards can be more convenient than carrying cash, as consumers do not have to worry about carrying large amounts of cash or making frequent trips to the ATM.Building credit history: Using credit and making payments on time can help consumers build a positive credit history. This in turn can lead to better credit scores and lower interest rates on future loans.Protection against fraud and errors: Credit cards provide protection against fraud and errors, as consumers can dispute unauthorized charges or errors on their statements.For more on credit refer to: https://brainly.com/question/1590835
capacity requirements are computed by multiplying the number of units scheduled for production at a work center by the:
The capacity requirements for a work center are computed by multiplying the number of units scheduled for production at that work center by the standard time needed to produce each unit.
This calculation is known as the “capacity requirement formula.” The formula is: Capacity Requirement = Number of Units x Standard Time per Unit
The number of units that need to be produced at a work center is determined by the production plan.
Standard time is the amount of time needed to produce one unit of a product. This time is estimated based on historical data or industry averages.
In order to use the capacity requirement formula correctly, the units must be defined in the same way as the standard time.
For example, if a work center produces widgets, and standard time is measured per widget, then the number of units used in the calculation must also be in terms of widgets.
The capacity requirement formula is useful for both forecasting and scheduling production.
By multiplying the number of units scheduled for production by the standard time needed to produce each unit, managers can estimate the amount of time and resources that will be needed to complete the production plan.
This information is valuable for setting production schedules and allocating resources.
Overall, the capacity requirement formula is an important tool for managers and planners to use in order to accurately estimate the amount of time and resources needed for production.
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when the government hires people/construction companies to clean up after a hurricane or tornado, this: does not add to gdp since devastation has occurred. adds to gdp.
The cleanup of a hurricane or tornado does not add to the Gross Domestic Product (GDP) since the devastation has already occurred. The money spent by the government to hire people or construction companies for cleanup is not counted as part of the GDP.
The government hiring people/construction companies to clean up after a hurricane or tornado does not add to the Gross Domestic Product (GDP). The GDP is a measure of the total market value of all final goods and services produced in a given period of time, which is why the destruction of a hurricane or tornado does not increase the GDP. Instead, the government spending to rebuild after the hurricane or tornado does. This is because the rebuilding of infrastructure, homes, and businesses produces new goods and services, which adds to the GDP.
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true or false: distinguishing between two theories that explain measurements or observations equally well can be a problem for economists
The given statement "distinguishing between two theories that explain measurements or observations equally well can be a problem for economists" is True.
Distinguishing between two theories that explain measurements or observations equally well can be a problem for economists, as there may be no clear evidence that points to one theory as being more accurate than the other.
Economists must take into account all possible factors when determining which theory is most accurate, such as potential bias, the accuracy of data, and the strength of supporting evidence.
This process can be difficult and time consuming, as the two theories may be almost indistinguishable.
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if freeman violates the terms of its labor-management agreement, what can an individual union employee do? multiple choice go on strike file a grievance
If Freeman violates the terms of its labor-management agreement, an individual union employee can file a grievance.
What is a grievance?A grievance is a formal written complaint filed by an employee who believes that the employer has violated their rights under the collective bargaining agreement. This can include things like violating workplace safety rules or unfairly disciplining employees, among other things.
If a union worker has a problem with an employer's breach of the labor-management agreement, they may file a grievance. The worker must present their case to their union representative, who will then file the grievance on their behalf, according to the terms of the collective bargaining agreement.
The employer and the union representative will then attempt to resolve the issue through negotiation, and if no resolution is reached, an arbitration hearing may be held.
If Freeman violates the terms of its labor-management agreement, an individual union employee can file a grievance. Therefore, the correct answer is option b. file a grievance.
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worried her property might be damaged due to some unforeseen event. this worry about the uncertainty as to a loss is an example of a:
The statement, "worried her property might be damaged due to some unforeseen event. This worry about the uncertainty as to a loss is an example of a," is a case of "Risk."
Risk is the probability of an unforeseen event occurring that could result in a loss or damage. When there is a chance of damage to one's property or other negative outcomes, the feeling of concern about what might happen is known as uncertainty about a loss.
Risk can come from several sources, including natural disasters, economic changes, technological advances, social dynamics, and geopolitical circumstances. Unforeseen events, uncertainty, and loss are all terms that can be used to define the concept of risk. A possible natural event, such as an earthquake, fire, or tornado, might jeopardize property values.
Similarly, uncertainty about the future economic environment, regulatory changes, or technology breakthroughs can harm the investment's value. Finally, natural, financial, or operational catastrophes may result in a loss of life or physical injury. All of these circumstances represent various types of risk.
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you tell me, how could new york city possibly lose money if they sold central park to real estate developers?
New York City could lose tourism revenue, public recreation space, and the environmental benefits provided, no longer be accessible to the public as a park and would only benefit the wealthy individuals, Additionally, the loss of Central Park would negatively impact the city's reputation and potentially harm other industries that rely on the park's presence, such as the entertainment and hospitality sectors.
Central Park is a significant natural area in the heart of Manhattan, one of the world's busiest cities. It provides a plethora of environmental benefits such as air purification, carbon storage, and flood reduction, as well as recreational opportunities for the residents of New York City and the millions of visitors who flock to the park every year.
Central Park has also played a significant role in promoting tourism in New York City, with the park being a popular destination for people from all over the world. If Central Park were to be sold to developers and transformed into private real estate, the city's environmental health would be compromised, and the loss of a vital green space would have negative consequences for the public's mental and physical well-being.
Furthermore, losing Central Park would harm the city's reputation, which is one of the world's leading tourist destinations, and it would have a severe impact on industries such as hospitality and entertainment.
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one of the primary benefits of the multiple-step income statement over the single-step income statement is that the:
The primary benefit of the multiple-step income statement over the single-step income statement is that it provides a more detailed breakdown of income, expenses, and profits, allowing for a better understanding of the company's overall financial performance.
This detailed breakdown of income and expenses is useful for tax purposes, as well as budgeting and forecasting future performance. The multistep income statement provides greater visibility in explaining the results of a company's operations. This is because it presents a detailed and separate description of revenues and expenses, allowing users to better understand the composition of the company's results.
In addition, it also offers a better comparison between the results of one period and the results of another, as it provides greater visibility of income and expense levels.
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what term is used to refer to a business combination in which only one of the original companies continues to exist?
In a merger and acquisition (M&A) with an acquisition, one company acquires another company and continues to operate as the surviving entity, while the acquired company ceases to exist.
In a merger and acquisition (M&A) with an acquisition, one company acquires another company and continues to operate as the surviving entity. The acquired company ceases to exist as a separate entity and its assets and liabilities are transferred to the acquiring company. The acquiring company assumes control over the operations, assets, and liabilities of the acquired company, and may also take on its employees, customers, and other resources.
This type of business combination is often referred to as an acquisition, as it involves the purchase of one company by another. It is different from a merger, which involves the mutual agreement and combination of two companies to create a new entity. M&A with an acquisition is a common strategy used by companies to expand their operations, increase market share, and gain access to new customers and resources. It can be a complex process that involves careful planning, due diligence, and legal and financial considerations to ensure a successful outcome.
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further, cities and counties with a population of at least 500k residents are allowed to add an additional 1%, provided that they use this revenue for what purpose?
Further, cities and counties with a population of at least 500k residents are allowed to add an additional 1%, provided that they use this revenue for the purpose of funding a specific type of transportation project.
Cities and counties with a population of at least 500k residents are allowed to add an additional 1% if they use this revenue for the purpose of funding transportation projects that include improvements such as rail transit, ferry services, buses, and highways.
What are sales taxes?A sales tax is a tax that is charged at the point of sale on the price of goods and services. It is collected by the retailer and passed on to the government. A sales tax is calculated as a percentage of the price of goods and services sold. Sales taxes can be levied by both state and local governments.
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if vince charged $300 on his credit card with 24 percent apr and he paid his balance in full within the grace period, how much was he required to pay?
Vince was required to pay the full amount of $300.
Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period. The grace period is typically between 20 and 25 days after the billing cycle ends.
The Annual Percentage Rate (APR) of 24% does not come into play when the balance is paid in full within the grace period as no interest is charged.
To calculate how much Vince was required to pay:
The amount charged was $300The grace period was between 20 and 25 daysVince paid the full amount within the grace periodTherefore, Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period.
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excess cash held by a firm should be: group of answer choices reinvested by the firm in projects offering rates of return higher than the cost of capital reinvested by the firm in the financial markets distributed to bondholders in the form of extra coupon payments reinvested by teh firm in projects offering the highest rate of return, regardless of risk
Firms should strive to identify and invest in projects offering the highest rate of return, regardless of risk. By doing so, firms can maximize the value of their investments and increase shareholder value.
The excess cash held by a firm should be reinvested by the firm in projects offering the highest rate of return, regardless of risk. This is because the primary objective of a firm is to maximize its value and generate returns for shareholders. Therefore, it is essential for firms to identify and invest in projects that offer the highest returns relative to their risks.
When evaluating potential projects, firms need to consider the cost of capital. The cost of capital is the minimum rate of return required by shareholders or bondholders in order to invest in the firm. This cost of capital represents the expected return investors require to invest in the firm’s projects, and it is necessary to identify projects that offer returns greater than the cost of capital.
In addition to investing in projects offering rates of return higher than the cost of capital, firms should consider reinvesting excess cash in the financial markets. These investments may include purchasing stocks, bonds, or other securities. These investments are not necessarily designed to generate returns for the firm, but instead, may be used as a tool to generate profits from capital gains or to hedge against other risks.
Ultimately, firms should strive to identify and invest in projects offering the highest rate of return, regardless of risk. By doing so, firms can maximize the value of their investments and increase shareholder value.
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mike chooses a daas arrangement for his small business because it reduces costs. why is daas less costly than the traditional alternative? a. no in-house database installation, maintenance, or monitoring b. no backup capabilities or security measures c. promotional pricing intended to boost market presence d. fixed database storage capacity
Mike chooses a DaaS (Database as a Service) arrangement for his small business because it reduces costs. DaaS is less costly than the traditional alternative primarily due to reason A. no in-house database installation, maintenance, or monitoring.
DaaS is a cloud-based service where the service provider manages the database, taking care of installation, maintenance, and monitoring, thereby reducing the costs associated with these tasks. In a traditional setup, a business would need to invest in hardware, software, and hire professionals to manage the database, which can be expensive, especially for small businesses.
Moreover, DaaS offers scalability, meaning businesses can easily adjust their database storage capacity as per their requirements without incurring significant costs. This eliminates the need to invest in additional hardware and maintenance when expanding or downsizing the database.
In summary, DaaS reduces costs for small businesses like Mike's due to the elimination of in-house database installation, maintenance, and monitoring, and the flexibility to scale resources according to their needs. This allows businesses to save money and focus on their core operations, making DaaS a cost-effective alternative to traditional database management systems. Therefore the correct option is A
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combining productive resources of land, labor, and capital in ways to produce new goods and services, refers to what?
Combining productive resources of land, labor, and capital in ways to produce new goods and services refers to "entrepreneurship".
A combination of productive resources such as land, labor, and capital in different ways to produce new products and services refers to "entrepreneurship". Entrepreneurship is the process of introducing a new product or service, a new process or an entirely new business organization.
Entrepreneurship is defined as the process of introducing a new product or service, a new process or an entirely new business organization.
Entrepreneurship is based on the combination of productive resources such as labor, land, and capital in various ways to create new products and services.
This combination of resources is used to produce a new product or service that was not previously available on the market. The entrepreneur, in this case, is the individual or group that manages the venture and bears the risks associated with it.
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Combining productive resources of land, labor, and capital in ways to produce new goods and services is known as production.
Production is the process of creating new goods and services that can be used for consumption or trade.
The three main factors of production are land, labor, and capital. Land includes the natural resources needed to create new products. Labor is the work provided by humans or animals in the production process. Capital is the money or equipment used to facilitate the production process.
Producers combine these factors of production in different ways to produce new goods and services. For example, a farmer might use land to produce corn, labor to tend to the crop, and capital in the form of farming equipment. These resources are combined in a way that produces a good or service that can be used for consumption or trade.
By combining these factors of production in different ways, producers can create new products and services for consumers and markets.
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depending upon the type of plan, the patient's portion of the medical charges after the insurance has paid is known as the:
The patient's portion of the medical charges after the insurance has paid is known as the co-payment. Depending upon the type of plan, the patient's portion of the medical charges after the insurance has paid is known as the deductible.
Medical insurance is a form of insurance that provides coverage for medical and surgical costs incurred by the policyholder. Health insurance may cover medical expenses such as diagnostic tests, medicines, surgery, and hospitalization as well as routine medical checkups.
Health insurance reimburses policyholders for the expenses incurred as a result of medical attention provided by a licensed medical provider. A deductible is a fixed amount of money you have to pay before your insurance coverage starts paying for covered medical expenses.
When you file a claim with your insurance provider, the insurance provider will only pay after you've paid your deductible. Policyholders must fulfill their deductibles before insurance coverage begins to pay for covered medical expenses. The deductible is one of the most significant elements of any insurance policy, and it is typically expressed as a dollar sum.
In general, the larger the deductible, the lower the premium. However, a larger deductible also implies that policyholders must pay more out of pocket before insurance coverage kicks in.
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a zero coupon bond with a face value of $1,000 that matures in 15 years sells today for $529. what is the yield to maturity?
The yield to maturity of the zero coupon bond with a face value of $1,000 and a maturity of 15 years is 9.36%.
To calculate the yield to maturity, we use the formula:
YTM = [(FV / PV)1/n - 1] x (1/n)
Where:
YTM = Yield to Maturity
FV = Face Value
PV = Present Value
n = Number of Years to Maturity
So, in this case:
YTM = [(1,000 / 529)1/15 - 1] x (1/15) = 9.36%
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last year, julie johnson bought one share of common stock for $950. during the year, julie received a $47.50 dividend. earlier today, she sold the stock for $988. what rate of return did julie earn on her investment?
Julie's total return on her investment can be calculated as the sum of the dividend received and the difference between the sale price and the purchase price of the stock:
Total return = Dividend + (Sale price - Purchase price)
Total return = $47.50 + ($988 - $950)
Total return = $47.50 + $38
Total return = $85.50
Julie's rate of return can be calculated by dividing her total return by her initial investment and expressing it as a percentage:
Rate of return = (Total return / Initial investment) x 100%
Rate of return = ($85.50 / $950) x 100%
Rate of return = 0.09 x 100%
Rate of return = 9%
Therefore, Julie earned a rate of return of 9% on her investment.
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the proof of a crm effort is seen in: a. more tracked prospects making initial purchases. b. high levels of cognitive dissonance in customers. c. low levels of customer loyalty in new customers. d. high levels of inconsistency among customers in terms of experience and belief.
All of these signs can be the proof of a successful CRM effort.
CRM or customer relationship management is a management strategy designed to improve the company's interaction with customers, thereby improving customer satisfaction and profitability. It's a marketing tool that focuses on customer retention and development while also improving customer loyalty.
A successful CRM initiative produces a return on investment by providing businesses with an improved understanding of their customers. CRM will help businesses keep track of customer behavior, habits, and patterns, allowing them to identify opportunities and resolve any issues that arise in the future.
The proof of a CRM effort can be seen by how effective the businesses are in customer retention, customer satisfaction, and customer acquisition.
A) More tracked prospects making initial purchases indicates that marketing strategies are targeting the right customers and convincing them to buy.
B) High levels of cognitive dissonance in customers can signal that customers are receiving conflicting messages, potentially leading to confusion and hesitation when making decisions.
C) Low levels of customer loyalty in new customers suggests that more effort needs to be put into building strong relationships and providing a personalized experience.
D) High levels of inconsistency among customers in terms of experience and belief could be an indication that customers are not receiving a consistent message and are being exposed to a variety of different experiences.
In conclusion, all of these signs can be indicative of a successful CRM effort. Tracking prospects and creating a cohesive experience for customers can help to build trust, loyalty, and a positive overall relationship with the brand.
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when externalities are present, a. suppliers will refuse to produce desired goods and services. b. this indicates that property rights are well-defined and enforced. c. competitive market outcomes may be inconsistent with ideal economic efficiency. d. competitive markets will generally achieve ideal economic efficiency.
When externalities are present, competitive market outcomes may be inconsistent with ideal economic efficiency. The correct option is c.
What are externalities?
An externality is an economic concept referring to a cost or benefit that affects a third party that did not choose to incur that cost or benefit. Economists often represent externalities by writing down the formula S + EX - IM = I. This formula represents that the number of imports in a country is equal to the excess supply of exports minus the excess demand for that country's exports. When externalities are present, competitive market outcomes may be inconsistent with ideal economic efficiency. Externalities may cause markets to be either underproduced or overproduced, depending on whether the external cost or benefit is positive or negative. A negative externality results in an overproduction of the goods, whereas a positive externality results in an underproduction of the goods.
Therefore, in the presence of externalities, market outcomes may be inconsistent with ideal economic efficiency. The other options are incorrect because: Suppliers will not refuse to produce desirable goods and services even in the presence of externalities. Therefore, option A is incorrect. Property rights may not be well-defined and enforced in the presence of externalities. Therefore, option B is incorrect. Competitive markets may not achieve ideal economic efficiency in the presence of externalities. Therefore, option D is incorrect.
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harding corporation acquired real estate that contained land, building and equipment. the property cost harding $2,660,000. harding paid $805,000 and issued a note payable for the remainder of the cost. an appraisal of the property reported the following values: land, $706,440; building, $2,674,560 and equipment, $798,000. what value will be recorded for the building? multiple choice $515,200 $130,000 $1,702,400 $2,674,560
The value recorded for the building is $1,702,400.Real estate is any property consisting of land and the buildings on it, as well as any natural resources including crops, water, and minerals. Real estate has a significant economic impact on most individuals, as real estate comprises a substantial portion of most people's net worth, and for the majority of people, their home is their largest investment asset.
Land, building, and equipment cost Harding Corporation $2,660,000. Harding paid $805,000 and issued a note payable for the remainder of the cost. The property was valued in the following ways: land, $706,440; building, $2,674,560, and equipment, $798,000.Value to be recorded for building = 2,674,560 * (2,660,000 - 805,000) / 4,178,000= 1,702,400Therefore, the value recorded for the building is $1,702,400.
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the difference between the net operating income (noi) and the equity before-tax cash flow (ebtcf) is:
The difference between net operating income (NOI) and equity before-tax cash flow (EBTFC) is that NOI is the net income of an operating entity, while EBTFC is the equity return of an investment before taxes are taken into account.
NOI is an accounting measure of how much an entity is making from its operations and is calculated by taking the total revenue of an entity, subtracting the total operating expenses, and subtracting any non-cash expenses. This figure gives you the amount of money the entity has earned from its operations before any other factors are taken into account.
EBTFC, on the other hand, is a measure of the return on an investment before taxes are taken into account. It is calculated by taking the total revenue of an investment, subtracting the total expenses, and subtracting any non-cash expenses, such as depreciation and amortization.
This figure gives you the amount of money the entity has earned before any taxes are taken into account.
In short, the difference between NOI and EBTFC is that NOI is an accounting measure of how much an entity is making from its operations, while EBTFC is a measure of the return on an investment before taxes are taken into account.
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You have been stranded on a deserted island and need to survive by collecting firewood and fishing for food.
There are 12 hours of daylight with which you may work to collect firewood and fish. With each hour, you can collect 8 logs per hour or 250 calories of fish per hour.
To survive, each day you must collect 32 logs and 2000 calories of fish.
question:
If you spend all your time fishing, you will be able to collect ___?___ calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish.
If you spend all your time fishing, you will be able to collect 3000 calories of fish. Here's how to calculate the answer:
In a day, there are 12 hours of daylight. If you spend all your time fishing, you can spend 12 hours fishing. In an hour, you can collect 250 calories of fish.
Therefore, in 12 hours, you can collect:250 calories/hour × 12 hours = 3000 calories
In conclusion, if you spend all your time fishing, you will be able to collect 3000 calories of fish.
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why is the second step of risk management to assess the risks identified in the first step? multiple choice question.
The second step of risk management is to assess the risks identified in the first step because it is important to evaluate the potential impact of those risks. (C)
Risk management is a systematic approach to managing, assessing, and responding to risks. It involves identifying, evaluating, and prioritizing risks, as well as implementing measures to mitigate or reduce their impact.
The process of risk management includes several steps, including identifying risks, assessing the potential impact of those risks, prioritizing them based on their severity, and developing and implementing strategies to manage and mitigate them. The second step is to assess the risks identified in the first step.
This step involves evaluating the potential impact of each risk on the organization or project and prioritizing them based on their severity. It is important to assess risks in order to determine the most effective strategies for managing and mitigating them. (C)
Risk management is an ongoing process that requires constant monitoring and evaluation. It is essential for organizations to be proactive in identifying and managing risks in order to prevent negative consequences and ensure success.
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Complete question:
why is the second step of risk management to assess the risks identified in the first step?
a. to determine what's missing
b. to avert the risk
c. to assess the risks identified in first step
missionary salespeople are: group of answer choices salespeople who process routine orders for products that are presold by the company;
Missionary salespeople are sales representatives who promote the products or services of a company but do not complete transactions.
They educate customers on the benefits of the product and encourage them to make a purchase. Therefore, the correct answer is Salespeople who promote the products of the company by educating the customers.
selling in which the salesperson's role is to inform an individual with the power to influence others to buy a product, rather than to make a direct sale to that person; a missionary salesperson is also known as a Detailer.
In missionary selling, a salesperson focuses on building a relationship with an individual who can influence the buying decision, instead of trying to directly land the sale. This approach is a form of indirect selling.
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the notion that a service organization must focus on its employees before successful programs can be directed at customers is referred to as
Answer: The notion that a service organization must focus on its employees before successful programs can be directed at customers is referred to as the internal marketing concept.
Explanation:
What is the internal marketing concept?
The internal marketing concept refers to the act of treating the company's employees as internal customers. The term is used to define an approach that involves motivating employees and treating them as if they were customers who are being sold a service by the company. The approach involves ensuring that the employees are motivated and satisfied with the service they are providing before directing successful programs at customers.
Importance of internal marketing concept
The importance of the internal marketing concept is based on the following:
It strengthens employees' loyalty to the company: By treating employees as internal customers, companies are more likely to build strong relationships with their employees, which increases their loyalty to the company.It improves employee morale: When employees are treated as internal customers and their satisfaction is prioritized, it can increase their morale and motivation.It helps in reducing employee turnover: When employees are satisfied and happy with the service they are providing, it is less likely that they will leave the company.It helps in creating a good working environment: By focusing on employee satisfaction, companies can create a better working environment, which can lead to increased productivity and better quality service.The internal marketing concept is therefore seen as a key element of successful service organization management and customer relationship management strategies.
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On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,600. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, which of the following statements is incorrect? Multiple ChoiceΟ The annual depreciation expense is $6,100Ο The December 31, 2019 book value is $35,800Ο The December 31, 2020 book value is $24,400Ο The December 31, 2021 accumulated depreciation balance is $18,300
Given that, Woodstock, Inc. purchased a machine costing $40,600 on January 1, 2019. Woodstock also paid $1,300 for transportation and installation. The expected useful life of the machine is 6 years, and the residual value is $5,300. If Woodstock uses the straight-line depreciation method, the annual depreciation expense can be calculated as follows:
As a question-answering bot, when answering questions on the platform Brainly, it is essential to be factually accurate, professional, and friendly. It is also important to be concise and avoid providing extraneous amounts of detail. You should not ignore any typos or irrelevant parts of the question. Instead, you should answer the question as comprehensively as possible, using appropriate terms and concepts from the subject area in question.
The correct answer to the given question is:
The December 31, 2021 accumulated depreciation balance is $18,300.
Explanation:
Annual depreciation expense = (Cost - Residual value) / Expected useful life
= ($40,600 + $1,300 - $5,300) / 6
= $6,100
Using this annual depreciation expense, we can calculate the December 31 book values and accumulated depreciation balances as follows:
At December 31, 2019
Depreciation expense = $6,100
Accumulated depreciation = $6,100
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $6,100
= $35,800
At December 31, 2020
Depreciation expense = $6,100
Accumulated depreciation = $6,100 + $6,100
= $12,200
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $12,200
= $29,700
At December 31, 2021
Depreciation expense = $6,100
Accumulated depreciation = $12,200 + $6,100
= $18,300
Book value = Cost - Accumulated depreciation
= $40,600 + $1,300 - $18,300
= $23,600
Thus, the incorrect statement is "The December 31, 2021 accumulated depreciation balance is $18,300." The correct accumulated depreciation balance at December 31, 2021, is $18,300.
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which of the following is least likely to be a low-cost leadership competitive advantage? group of answer choices broad product line mass production inventory management effective capacity use low overhead
A. Broad product line is least likely to be a low-cost leadership competitive advantage.
In order to gain a low-cost leadership competitive edge, costs must be reduced throughout value chain, including in production, marketing, and distribution. Whereas, a broad product line requires providing a variety of items, which may necessitate a higher degree of investment in research and development, production operations, and marketing, thereby raising expenses.
A wide range of products might offer differentiation and other competitive advantages, but it is less likely to be a low-cost leadership competitive advantage. On the other hand, actions which might result in cost reductions and, thus, a low-cost competitive advantage for leadership are examples of mass manufacturing, efficient capacity utilization, inventory management, and minimum overhead.
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true or false: the government can raise its tax revenue by decreasing the per-unit tax on champagne.
According to the question of the government can raise its tax revenue, the answer will be false.
What is tax revenue?Tax revenue is money collected by governments from its citizens for the purpose of funding public services, such as education, infrastructure, healthcare, and law enforcement. It is a major source of income for governments, and it is collected in a variety of forms, including income taxes, corporate taxes, sales taxes, fees, tariffs, and excise taxes. Tax revenue enables governments to provide essential services and to address public needs while also protecting the interests of its citizens. It also helps to keep the economy stable, as the money collected from taxes is often redistributed to those in need or used to fund government projects.
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in cash from his savings account. what immediate effect does this transaction have on the monetary aggregate measures of
When someone withdraws cash from their savings account, the immediate effect on the monetary aggregate measures of a country is a decrease in the M2 monetary aggregate measure.
Monetary aggregate measures: Monetary aggregate measures are indicators used to keep track of the money supply in an economy or a country. The three most common monetary aggregate measures are M1, M2, and M3. The amount of currency in circulation, traveler's checks, and checking account deposits are all included in M1. M2 is a broader measure that includes M1 as well as savings account deposits, small-denomination time deposits, and other time deposits. The M3 measure, on the other hand, is the broadest measure of the money supply, including all of the previous measures as well as large-denomination time deposits, institutional money market funds, and other larger liquid assets.
Savings account: A savings account is a bank account that is used to store money that is not needed for daily expenses. Savings accounts are a type of deposit account, which means that they are a bank account that earns interest. Savings accounts, unlike checking accounts, usually have restrictions on how often the account holder can withdraw money. In exchange for these limitations, savings accounts typically provide higher interest rates than checking accounts.
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john is a frequent flier, who travels with american airlines at least 250,000 miles a year in first class. according to the text, the profitability classification given him would be
John is a frequent flier, who travels with American Airlines at least 250,000 miles a year in first class. According to the text, the profitability classification given to him would be the "diamond."
Diamond is the highest tier in American Airlines' AAdvantage loyalty program. The airlines use a loyalty program as a tool for customers to earn perks such as free travel, priority boarding, and waived checked baggage fees. The program offers four levels: gold, platinum, platinum pro, and diamond. These levels are based on the number of miles flown and dollars spent. It is designed to reward frequent fliers with better travel experiences.
AAdvantage elite status members are rewarded with perks such as free upgrades, priority boarding, and waived checked baggage fees. Diamond is the highest status a passenger can achieve, requiring 125,000 miles flown in a calendar year and $15,000 spent on tickets. Diamond members are eligible for complimentary upgrades up to 120 hours before their flight and free Admirals Club access, regardless of their ticket type. Diamond members also earn a 120% mileage bonus on all flights, allowing them to earn free travel quickly.
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