A customer orientation refers to the process of determining the wants and needs of buyers and then providing goods and services to meet or exceed their expectations.
Customer orientation is a commercial enterprise approach that places the wishes of the client over the desires of the commercial enterprise.
Customer-oriented groups keep in mind that the enterprise won't thrive until it constantly improves customer recognition. it's a way of questioning that aligns your commercial enterprise dreams along with your client's goals.
The purchaser marketplace consists of all of the individuals or households that need goods and services for private consumption or use and features the assets to shop for them.
Learn more about Customer orientation here: https://brainly.com/question/24553900
#SPJ4
The analysis of documents can help you identify: A. the steering committee. B. the reason why current systems are designed the way they are. C. special information processing circumstances that occur frequently. D. problems with unknown systems. E. the organizational stock price.
The document analysis can help identify exceptional information processing circumstances that occur frequently.
Document analysisDocument analysis helps specialists comprehend and arrange essential sources or unique records from individuals who had individual encounters with the subject.While fostering their investigations, researchers utilize laid-out sources to accumulate thoughts and proof to help their cases. This interaction permits researchers to assess the quality and reason for the archives they use to decide whether the data they contain will help their examinations.Looking into this cycle might assist with better getting sorted out the assets and carrying out analysis all the more successfully.Uses of Document AnalysisThe document analysis is crucial because it enables researchers to make sense of their sources and choose the best ones for their research.Qualitative data is non-numerical information that researchers categorize and include in documents. Researchers can integrate document analysis with other sorts of study by organizing the data.Hence, document analysis can be used to find extraordinary information processing situations that commonly happen.
To learn more about types of analysis refer to:
https://brainly.com/question/14316043
#SPJ4
Item 11 Goodwill is: Multiple Choice Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The value of a business as a whole, over and above the value of its net identifiable assets. Recorded when created internally through advertising expense.
Goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.
What is Goodwill?Goodwill occur when we have intangible assets as a result of a buyer purchasing or obtaining a business that is already in existence.
The correct option is C because goodwill is the value of a business as a whole, over and above the value of its net identifiable assets.
Learn more about goodwill here:https://brainly.com/question/13025017
#SPJ1
By contrast with a market that produces the socially optimal output, a market with negative externalities will: produce no output. produce the correct output. overproduce. underproduce. produce nothing.
The answer is overproduce.
Overproduction, oversupply, excess supply, or glut are all terms used in economics to describe an excess of supply over demand for things on the market.
The answer is overproduction. It happens when the price of the thing to the consumer does not cover the costs of consuming or manufacturing that particular good. If all manufacturing expenses were considered, overproduction could be prevented, and the price of this specific good would be greater, allowing consumers to consume fewer of them.
Therefore , the answer is overproduce.
To know more about overproduction click here:
https://brainly.com/question/26373150
#SPJ4
Brand equity refers to: Brand equity refers to: The extent to which customers are willing to pay more for a product or service. The promises made by a successful brand. The wealth or ownership stake that firms must expend to achieve branding success. The fact that brands exist not only in the real world but also in the minds of customers.
The level of customer willingness to pay more for a good or service is referred to as brand equity.
How does brand equity work?A brand's value is referred to by the marketing phrase "brand equity." The way consumers perceive and interact with a brand influences its value. A brand has good brand equity if consumers are fond of it.
What is an example of brand equity?Apple is a prime example of a brand with strong brand equity. Although Apple devices share many characteristics with other companies, the company's price premium, client loyalty, and demand are among the highest in the consumer technology sector.
learn more about brand equity here https://brainly.com/question/14293418
#SPJ4
You are attempting to inspect a furniture restoration shop that regularly spray paints furniture. Spray application of flammable finishes without a proper permit is a violation of the fire code. The shop owner is trying to prohibit you from entering. What might convince the shop owner to comply with the inspection
The shop owner might convince to comply with the inspection: Reminding the shop owner that for a fee a permit can be secured without inspection
What is the Inspection?
An inspection involves checking something, i.e., examining and assessing something. We may inspect a building or organization to make sure that it meets specific standards. The inspectors need to ensure that nothing is faulty and that nobody is breaking any laws.
The inspection is the process where the trained people inspect or check the important documents and design thoroughly. The main function of the inspection is to check the proper quality of the document and design by the process analyzing, testing and examining.
Inspection basically provide various benefits as it increase the quality of the system by examine properly so that the document must be error free. Inspection is required in all the workplace so it help to increase the productivity and efficiency of the organization.
Learn about Inspection on:
brainly.com/question/10185359
#SPJ4
The town of Chester has an economy composed entirely of two equally sized food companies. Both company Q and company R produce peanut butter and jam. Company Q is better at producing jam than Company R which is better at producing peanut butter. In order to maximize output, Company R should
In order to maximize output, Company R should abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.
A corporation or even a nation should specialize in manufacturing only those goods that they can create better than their rivals, i.e., have a comparative or absolute advantage in their production, according to several views about trade specialization.In this instance, Company R should focus solely on producing peanut butter because it has a comparative advantage in doing so. They should trade with Company Q to obtain jam if they are in need of any. Due to their competitive advantage in jam production, Company Q will eventually just produce jam.Which of the following could cause an increase in the demand for peanut butter?Demand changes when one of the demand's non-price determinants changes. Since peanut butter is a common item, demand will rise as the number of consumers increases, consumer incomes rise, and prices are anticipated to rise in the future.Why would an increase in the price of peanut butter cause a decrease in the demand for jelly?The jelly demand curve will move to the left (decrease). You would purchase less peanut butter if its price rose, thus you would also purchase less jelly (since they are complements).Learn more about food Technology here:
https://brainly.com/question/26763666
#SPJ4
Problem recognition, information search, evaluation of alternatives, purchase decision, and post purchase evaluation are the steps in the:
Problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation are the steps in the consumer buying decision process.
The consumer buying decision process includes 5 key steps. These are
Problem recognition- It identifies the need of the product.
Information search - It takes into account the associated information.
Evaluation of alternatives - Under this substitute commodities are compared with the commodity consumer is willing to buy.
Purchase decision- It involves the step of actual purchase of a product
Post-Purchase - It involves the evaluation of the product after purchase
All these steps play an important role in determining the consumer buying decision process. By better understanding of consumer buying decision process, the business can market their product and service in the most appropriate way.
You can learn more here:
https://brainly.com/question/23176347
#SPJ4
Which organization delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events
Incident Command System is the organization that delineates job responsibilities and the organizational structure for managing day-to-day operations for all types of disaster events.
Incident Command SystemThe top-down, highly standardized, military-based Incident Command System (ICS) management structure surpasses the management structure of every other agency that responds to an occurrence. This management tool can handle the demands of both emergency and non-emergency circumstances, whether they are small or huge.The concepts of accountability, such as check-in, incident action planning, unity of command, individual accountability, a span of control, and resource tracking, should be followed by incident staff.Applications for ICS utilization have been varied and include routine or scheduled activities (e.g., celebrations, parades, and concerts). hazards, multiple casualty incidents, and fires. calamities involving many jurisdictions and agencies, such as hurricanes, floods, and winter storms.To learn more about the Incident Command System refer to:
https://brainly.com/question/10580094
#SPJ4
Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as an
Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as a assets.
What is an assets?Asset is anything of value usually in material form that can increase in value.
It can be bought to keep and allow to appreciate over a period of time.
Therefore, Land used in a company's is classified as property, plant and equipment, while land held solely for the expected increase in value is classified as a assets.
Learn more on assets below
https://brainly.com/question/25746199
#SPJ1
Which of the following are considered to be the four basic market structures? Multiple select question. Pure competition Monopolistic competition Pure monopoly Representative democracy Oligopoly
Monopolistic competition, Oligopoly, Pure monopoly, and Pure competition are considered to be the four basic market structures.
Oligopoly competition characterizes an industry in which many companies offer similar (but not perfect) alternative products or services. Barriers to entry into a monopoly and highly competitive industry are low, and the decisions of a single company do not directly influence the decisions of competitors.
Some of the most notable oligopolies in the United States are film and television production, recorded music, wireless carriers, and airlines. Since the 1980s, it has become more common for industries to be dominated by two or three companies.
If a single company is the only manufacturer of a product without a close replacement, there is a pure monopoly.
There are many indistinguishable product suppliers, and there are no companies that have a significant impact on prices. Other common conditions are easy-to-market entry and full market intelligence of the new company.
Learn more about Monopolistic competition here: https://brainly.com/question/25717627
#SPJ4
Calculate the Net Present Value for a project with the following cash flows: Year 0: ($5,000) Year 1: $10,000 Year 2: $10,000 Year3: ($2,000). The discount rate is 5%. Group of answer choices $19,209.75 $12,350.00 $18,840.25 $23,840.25 $14,209.75
Answer:
NPV= $14,209.75
Explanation:
The net present value of the project means the present value of all future cash flows, in years 1-3, discounted at the appropriate project's discount rate of 5% minus the initial investment outlay of $5000.
Note that all negative cash flows would be shown as negative in the computation of the net present value.
The present value of a single future cash flow can be determined using the present value formula of a single cash flow provided below:
PV=FV/(1+r)^N
FV=future cash flow
r=discount rate=
n=the year of cash flow, 1 for year 1 cash flow, 2 for year 2 cash flow, and so on.
NPV=$10000/(1+5%)^1+$10,000/(1+5%)^2-$2000/(1+5%)^3-$5000
Note year zero cash flow needs not to be discounted since it is stated in its today's worth, the present value equivalence
NPV=$11,866.43
Note the closest option, in this case, is the one that is very close to the correct answer, which is $14,209.75, some questions are set with the requirement that one chooses an approximate answer, where the precise answer is not available
CMI International, a composite plastic manufacturer, wants to improve its involvement with the community, so it has established a Community Involvement Office. To fill the positions within this office, the company will attempt to find and attract qualified applicants from the external labor market. This process is called: Group of answer choices prospecting employee investiture labor pool development recruitment qualifying
When CMI International, a composite plastic manufacturer attempt to find and attract qualified applicants from the external labor market for its Community Involvement Office; This process is called "recruitment ".
What is recruitment?The practice of actively seeking out, locating, and employing individuals for a certain post or career is known as recruitment. The entire hiring process, from the first stages to the recruit's integration into the business, is covered by the term of recruitment.
The goal of recruitment is -
The purpose of recruitment is to build a large pool of qualified candidates from which to select the best candidate for the position. This strategy attracts sizable groups of people and motivates them to submit applications for open positions at a company.Types of recruitment are-
Direct marketing.Databases of the talent pool.Worker recommendations.Transfers and promotions.Exchanges of jobs.Recruiting firms.Organizations with expertise.To know more about hiring process, here
https://brainly.com/question/18859039
#SPJ4
Scope refers to: Group of answer choices tasks that are decomposed into smaller tasks in a work breakdown structure. the end product created as part of a project that is delivered to the client. the work involved in creating the products and the processes used to create them. each level of work that is outlined in a work breakdown structure.
Scope refers to all the work involved in creating the products of the project and the processes used to create them.
What is Project Scope ?Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines. The documentation of a project's scope is called a scope statement or terms of reference.
It explains the boundaries of the project, establishes responsibilities for each team member and sets up procedures for how completed work will be verified and approved. Its one of the most important and most difficult aspects of project management is defining the scope of a project.
Thus ,we can say that the Scope refers to all the work involved in creating the products of the project and the processes used to create them.
Learn more about Project Scope on:
brainly.com/question/15071466
#SPJ4
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are:
In a multinational corporation (MNC) where the locus of decision making is decentralized, decisions are made at the top management level.
What is multinational corporation?multinational corporation serves as one that has different level of management.
Multinational companies are usually involvea in international trade taking into consideration the
political as well as cultural differences into account.
Examples of these corporation are:
Coca-ColaPhilip Morris's Marlboro brand PepsiIn this case, decisions are made at the top management level in other to achieve the goals of the organization because they do operate outside their country.
Learn more on multinational corporation at: https://brainly.com/question/494475
#SPJ1
what are the major jobs of MBBS doctor?
Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the consumer tech industry. This is an example of _______. a. brand equity b. brand loyalty c. brand mark d. individual branding
The correct answer is option 'a' brand equity.
What is brand equity?Brand equity refers to a brand customer perceive from the brand name. It is the value associated with the brand and not its product or services.
Aspects of brand equity are:
Brand nameLoyalty,AwarenessAttributes.Learn more about brand equity here: https://brainly.com/question/15105000
#SPJ1
Janice rates her employees based on amount of work performed and promptness in arriving to work on time. Janice is using a(n) ______ appraisal to measure specific, observable aspects of performance.
Janice is using a behavioral appraisal to measure specific, observable aspects of performance.
What is a behavioral appraisal?Based on the employee's conduct and personality attributes, their performance is evaluated. The behavioral appraisal determines and takes into account the actions that are relevant to the job.
For the purpose of motivating and enhancing an employee's performance on the job, their work is evaluated, and feedback is offered. The management can analyze the employee and assign the project based on his skills with the aid of the report based on the behavioral evaluation.
To know more about behavioral appraisal refer to: https://brainly.com/question/18597072
#SPJ4
True or false: common stock has a set maturity
Common stock has a set maturity. False! It is not true to say common stock has a set maturity. Read below about common stock.
What is a common stock?A common stock shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company; ordinary shares.
Therefore, the correct answer is as given above
learn more about common stock: https://brainly.com/question/25765493
#SPJ1
Answer the following questions about marginal utility. a. According to the law of diminishing marginal utility, as more of a product is consumed, multiple choice 1 the amount of extra happiness decreases. the amount of extra happiness increases. the price falls. income falls. b. If a consumer purchases more of a good as the price falls, we can assume that the consumer's multiple choice 2 marginal utility has risen. preferences have changed. marginal utility has also fallen. total utility has also fallen.
(a) According to the law of diminishing marginal utility, as more of a product is consumed, the amount of extra happiness decreases. the amount of extra happiness increases.
(b) If a consumer purchases more of a good as the price falls, we can assume that the consumer's marginal utility has also fallen.
According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person. Consuming increasing quantities of a good gives economic actors less and less pleasure.Although marginal utility tends to decline with consumption, depending on the good consumed, it may or may not ever approach zero. The concept of marginal utility is helpful in describing how consumers choose products and services to maximize their financial resources.What is the law of diminishing marginal utility?According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal. The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.Learn more about the law of diminishing marginal utility brainly.com/question/15242967
#SPJ4
Some of the benefits of clean air and water regulations are Group of answer choices Boost to growth and higher efficiency higher property values and healthier population. higher profit for firms and cleaner environment. higher property values and better education system.
The benefits of clean air and water regulations are : higher property values and healthier population .
Why are clean water and air important?Clean air and safe water are prerequisites for health. Poor air or water quality can be particularly detrimental to vulnerable populations such as the very young, the elderly, and those with chronic health conditions.
Clean air and water support healthy brain and body function, growth, and development. Air pollutants such as fine particulate matter, ground-level ozone, sulfur oxides, nitrogen oxides, carbon monoxide, and greenhouse gases can harm our health and the environment .
What are the benefits of Clean Air and Water ?People may stay healthier and live longer. Certain industries that rely on clean air and water—such as farming, fishing, and tourism—may benefit. Property values may be higher. People may simply enjoy a cleaner environment in a way that does not need to involve a market transaction.
Thus, we can conclude that the correct option is B. The benefits of clean air and water regulations are: higher property values and healthier population.
Learn more about Clean Air and Water on:
brainly.com/question/16042844
#SPJ4
The Fried Green Tomatoes Restaurant has increased its operating cycle from 99.2 days to 104.5 days while the cash cycle has decreased by 3.6 days. How have these changes affected the accounts payable period
The changes affected the accounts payable period with a decrease of 8.9days.
Change in Operating Cycle = Change in Cash Cycle - Change in accounts payable cycle
(104.5-99.2) = -3.6 - Change in accounts payable cycle
Change in Accounts Payable Cycle = (104.5-99.2) + 3.6
Change in Accounts Payable Cycle = 8.9 days (decrease)
The money owed payable fee period measures the average range of days it takes an enterprise to pay its bills payable. This measure facilitates you investigate the coins management of your small business, however, you must be aware of some of its barriers.
The accounts payable turnover in days suggests the common wide variety of days that a payable remains unpaid. To calculate the money owed payable turnover in days, virtually divide 12 months by the payable turnover ratio. Therefore, over the fiscal 12 months, the employer takes approximately 60.53 days to pay its suppliers.
Money owed payable has charge terms related to them. For instance, the phrases should stipulate that the fee is due to the supplier in 30 days or 90 days. The payable is in default if the organization does now not pay the payable in the terms outlined by way of the provider or creditor.
Learn more about the accounts payable period here https://brainly.com/question/25148915
#SPJ4
Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's past losses and regain its position in the market. However, customers reportedly complain about an odd taste in the drink. To correct this, the company invests more effort in improving the product to suit customer needs. The new drink with an improved taste soon becomes popular in the market, fulfilling Fuzz's goals. This scenario demonstrates the concept of:
This scenario demonstrates the concept of organizational effectiveness.
Organizational effectiveness: What is it?The term "organizational effectiveness" describes how a company has come to fully understand itself, in part because of: Leaders who set clear objectives for their teams and explain how to effectively carry them out. Management involves putting in place transparent communication channels and decision-making processes.
How can organizations become more effective?Increasing organizational effectiveness through five simple stagesRespect the resources, the people, and the processes.Address the organizational strategy and goals.Align the organizational structure with the strategy. Evaluate results in relation to the strategy.What is an illustration of an effective organization?Examples include teamwork, leadership, employee productivity, and business unit alignment. The performance and effectiveness of organizations are significantly influenced by all of these human-driven elements. A methodical approach is essential for effective progress.
learn more about Organizational effectiveness here https://brainly.com/question/13190984
#SPJ4
An increase in the cost of living Group of answer choices increases aggregate demand. decreases aggregate supply. decreases the quantity demanded of aggregate output. decreases aggregate demand.
An increase in the cost of living A) increases aggregate demand.
As household wealth will increase, mixture demand usually increases as nicely. Conversely, a decline in wealth typically results in lower aggregate calls for. increases in personal savings will even lead to less call for items, which has a tendency to arise throughout recessions.
Within the maximum fashionable experience (and assuming ceteris paribus conditions), an growth in combination call for corresponds with a boom inside the rate stage; conversely, a decrease in aggregate demand corresponds with a lower price level.
inside the quick run, rising costs (ceteris paribus), or higher demand reasons for an increase in aggregate delivery. Manufacturers do that by using increasing the utilization of current resources to fulfill a higher stage of aggregate demand.
Learn more about demand here: https://brainly.com/question/1245771
#SPJ4
The Organization of Petroleum Exporting Countries (OPEC) is a cartel that attempts to keep oil prices high by restricting output. As part of that process, each member nation is assigned a production quota; most members have nationalized their oil industry so that the government controls overall production. However, member nations routinely exceed their production targets.Why might OPEC often have difficulty keeping output low and prices high
Is the Organization of Petroleum Exporting Countries a cartel?
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector. The member nations of OPEC do have market impact, albeit it is debatable whether the economic evidence proves it to be a true cartel.What is the main purpose of the OPEC?
The goal of OPEC is to coordinate and harmonize petroleum policies among its member states in order to ensure fair and stable prices for oil producers,
a reliable, cost-effective supply of petroleum to developing countries, and a fair return on investment for those who invest in the sector.
Learn more about OPEC brainly.com/question/1620143
#SPJ4
An accountant buys a supply of pencils to be used in calculating the taxes of other business firms. Based on this information, these pencils would be considered what type of product?
The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
Sole proprietorship. A sole proprietorship is the most common type of business structure.Partnership. Limited liability company. Corporation.Learn more about Business here:
https://brainly.com/question/15826604
#SPJ4
Identify a statement that is true of status quo pricing. a. It leads to optimal pricing of a product. b. It requires serious planning and is difficult to implement. c. It focuses on the demand for and the costs of a product. d. It can lead to a pricing disaster.
The true statement about status quo pricing is that a. It leads to optimal pricing of a product.
What is Status quo pricing?Status quo pricing is when someone choose to sell his products at a set price with the same price others are selling.
In this case, status quo pricing leads to optimal pricing of a product because no one wants to “rock the boat” .
Learn more about status quo pricing at:
https://brainly.com/question/19104371
#SPJ1
Over the past year, productivity grew 2%, capital grew 2%, and labor grew 2%. If the elasticities of output with respect to capital and labor are 0.4 and 0.6, respectively, how much did output grow
The percentage change in output (GDP or production at a single firm) divided by the percentage change in an input is known as output elasticity in economics. To make it clear that it applies to changes in only one input, it is sometimes referred to as partial output elasticity.
The growth accounting equation is given by
% Change in productivity = %change in output - [tex]\alpha[/tex]%growth of capital -[tex]\beta[/tex] growth in labor
2%=%change in output -0.319[tex]\times[/tex](-2%)-0.681[tex]\times[/tex](-2)%
=%change in output+0.00638+0.01362
=%change in output+2%
%change in output=2%-2%=0%
Hence output growth rate is 0%
Learn more about growth accounting equation here
https://brainly.com/question/16772125
#SPJ4
A house sold for $109,000 with the buyer making a 20% down payment. The grantors tax is based on the:
In this sales case, the grantors tax will be based on the selling price.
What is a grantors tax?This refers to tax that is applied on the transfer on ownership such as on sales of property, house etc.
Here, the the grantors tax will be based on the selling price even though it is customary for the seller to pay the grantors tax.
Therefore, the selling price is correct.
Read more about tax
brainly.com/question/26316390
#SPJ1
Jan tells Lee she will pay him to babysit her son Mark weekday evenings for six months. Lee agrees. Jan and Lee have formed Group of answer choices a bilateral contract. a unilateral contract. a void contract. an unenforceable contract.
Jan and Lee have formed bilateral contract.
A bilateral agreement is one in which both sides share performance commitments. The promise of one party is given in exchange for the promise of the other. Each party is therefore an oblige on the other's pledge and an obligor on their own.A bilateral contract is a legally binding arrangement wherein the parties swap commitments to carry out and fulfill one of the terms of the agreement.The number of parties making a promise is initially the most visible distinction between bilateral and unilateral contracts. While unilateral contracts only require action on the part of one party, bilateral contracts require at least two parties.Thus the answer is option A.
To learn more about contracts, refer:https://brainly.com/question/984979
#SPJ4
Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equipped to deal with technological changes and advancements. Based on this information, this is an example of which concept
The concept of Dynamic capabilities is used by the firm to improve its core competencies.
What is the concept of Dynamic capabilities?This entails a firm ability to integrate and build its competencies to address rapidly changing environments.
Hence, as the firm trains its machinists constantly so that they are equipped to deal with technological advancements, it is adhering to concept of Dynamic capabilities.
Read more about Dynamic capabilities
brainly.com/question/17102004
#SPJ1