Increase; increase
being a perfect substitute for tea when the price of coffee increases the market price also increases and the market quantity of tea also increases as it is relatively cheaper than coffee.
Substitute Goods:
A substitute good can also be a service rather than just a tangible item. It is actually defined as a good or service that replaces another. For instance, more customers may choose to go to Burger King or KFC when the price of McDonald's rises. A similar product that can be used in place of another is what is meant by a substitute good, to put it another way. In other words, it resembles it enough to serve the same purpose. For instance, since both the iPhone and the Galaxy Note function as mobile phones, they both serve as substitutes
Substitute goods ensure there is a competitive environment. This is important because it helps keep prices down, and quality up.
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Last year, the price of tomatoes increased by approximately 85%. Because of this increase, we would expect the ________ curve in the market for tomato sauce to ________. Select one: a. supply; shift to the left b. demand; shift to the right c. supply; shift to the right d. demand; shift to the left
We would except the supply curve in the market for tomato sauce to shift to left . correct answer is (c).
Supply curvesupply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply. Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.
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Sponsors desiring to associate their brands with relatively uncluttered events must either select smaller, lesser-known events to sponsor or _____.
Sponsors desiring to associate their brands with relatively uncluttered events must either select smaller, lesser-known events to sponsor or pay huge fees to obtain exclusive sponsorship rights.
Direct-response advertising has the following characteristics:-
Makes a specific offer Provides all the information required to make a decision includes a means of responding (website, toll-free number) to make things easier.Metrics to Measure Your Sponsorship ROI -
1) Brand impressions (onsite, social media mentions, PR releases, etc.)
2) The number of new leads generated.
3) Lead quality/position.
4) Onsite purchases/opt-ins.
5) Click-through rate.
6) Email open rate.
7) Website visits.
8) Social media interaction.
What is sponsorship valuation?A property's assets are evaluated as part of the sponsorship valuation process in order to assign a monetary value to each component that might be made available to a sponsor partner. The goal of this exercise is to assess the value of a sponsorship program and estimate a reasonable market value for it.Learn more about sponsorship valuation brainly.com/question/15217613
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There are several challenges for an organization that allows employees to work from home. One such challenge is
One challenge for an organization that allows employees to work from home is b) it makes job performance appraisal more difficult for managers.
Job performance appraisalThe disadvantage from working from home is that it tend to makes it job performance appraisal difficult.
Reason being that a manager or supervisor will find it hard to review and evaluate the employee performance.
Therefore the correct option is B.
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Missing options are:
a) reduced productivity for the organization.
b) it makes job performance appraisal more difficult for managers.
c) it reduces the amount of time available for work for the employee.
d) it creates confusion for workers who work at home as to what they are supposed to do and when they are supposed to do it.
What are some possible short-term savings goals and why are they important? (give examples)
Savings goals for the short term involve planning for the immediate future.
EXAMPLES: Paying for holidays, buying a new TV or smartphone or putting down a deposit on a house are all short-term savings goals.
It's easier and more convenient to save when you have goals. Setting goals gives you more time to save.
It is still very common for people to be very impulsive with their money, resulting in them rarely having the cash on hand needed to buy things they truly want or to cover emergencies. So, by having short term saving goals you would be able buy something you really wanted, pay for a holiday etc
Where should the Hazardous Materials Inventory List be located within the facility?
(Select all the apply.)
On bulletin board that everyone can access.
In the manager's office.
In a break room.
In any common area.
It's not necessary to have one available.
Hazardous Materials need not necessary to have one available.
What is Hazardous Materials?Hazardous materials exist as any material that has properties that may result in risk or harm to health and/or destruction of life or facilities. Dangerous goods, abbreviated DG, are substances that when transported exist a risk to health, safety, property, or the circumstances. The coal-tar creosote is the most commonly utilized yet the most toxic since it directly induces cancer. Arsenic is utilized in wood treatment to control insect attacks. For every five tons of freight that moves on trucks, planes, and ships, one ton exists a dangerous good.
The correct answer is option E.
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Khalid is a professional photographer who is considering purchasing one of the new mirrorless cameras from FujiFilm. He frequently purchases equipment online from a New York firm, BH Photo. BH Photo's website allows customers to post product reviews. Khalid notices that many of the reviews for the FujiFilm model are negative. However, those who purchased the Sony models gave very positive reviews. Based on his research and owner feedback, Khalid decides to purchase a Sony camera. This example demonstrates the importance of _____ factors as part of the external marketing environment.
This example demonstrates the importance of social factors as part of the external marketing environment.
What social aspects of the environment are there?Cultural norms and expectations, population growth rates, age distribution, career aspirations, health, and safety are only a few examples of social influences. Companies may better plan their marketing analytics and strategy with the help of these elements. For instance, the last few months of the year often see a spike in car demand in India as a result of weddings and the holiday season. Given that marketers specifically target individual clients, these criteria are very important. They also emphasize the local workforce and their zeal to work in particular situations.
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On May 1, a tourist went on a rock-climbing trip with a rock climbing guide. While on their climb, an anchor, used to attach a climber to the climbing surface, was placed on the cliff face by the guide. However, the anchor broke loose, and the guide fell, nearly taking the tourist with him. Luckily, the tourist caught a stone outcropping, saving both himself and the guide. The guide, fearing that the anchor had failed because he had placed it negligently, entered into a written contract with the tourist providing that the guide promised to pay the tourist $200,000 in consideration for saving the guide's life, and for the tourist's promise to not bring a negligence action against the guide for his injuries related to the fall. The contract provided that the guide would pay the money by August 1. Honestly believing he had a valid negligence claim against the guide, but unwilling to pay the legal costs of bringing such an action, the tourist signed the contract. A month later, an investigation revealed that the guide had not attached the anchor negligently, and that the failure was due to a manufacturing defect of the anchor. This discovery made it clear that in the applicable jurisdiction, the guide could not have been found liable to the tourist for negligence. On August 1, the tourist demanded payment under the written contract, but the guide refused to pay. The tourist sued the guide to recover $200,000 under the contract.
Will the tourist succeed in his action?
A. No, because past acts are typically insufficient consideration.
B. No, because the tourist had no valid cause of action against the guide.
C. Yes, because the contract was in writing and signed by the guide.
D. Yes, because the tourist believed he had a valid negligence claim against the guide.
The correct option is D; Yes, because the tourist believed he had a valid negligence claim against the guide.
What is negligence claim?A allegation of negligence is perhaps one of the most frequent elements in personal injury claims. When someone behaves carelessly (or "negligently") and causes harm to another person or damage to property, this is referred to as negligence.
Reason for the success of the tourist for getting the claim is-
Because the party making the pledge is giving up a legal right, a promise not to file a lawsuit or to press a specific claim or defense in such an action typically qualifies as compensation for a settlement agreement. It's not necessary for the legal action to have a high chance of success. Alternatively, the party omitting to raise the claim or defense must believe in good faith that it may be fairly decided to be valid, or the claim or defense must actually be questionable due to uncertainty of the facts or the law. In this case, the tourist had a sincere confidence in the viability of the guide's negligence defense.Consequently, there was sufficient consideration to sustain the contract between the tour guide and the tourist.
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Can I Plsss get some help on this thanks
The law of demand illustrates all quantities of goods that consumers are willing and able to buy at every possible price. (third option)
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded by consumers and the lower the price, the higher the quantity demanded by consumers. There is an inverse relationship between price and quantity demanded
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Suppose you were writing a social media plan for Two Scoops, with two objectives: to improve brand awareness in new markets and to build online orders during holiday periods. What quantitative and qualitative measurements would you use to evaluate the results of your plan
Quantitative and qualitative measurements are the two sorts to take into account for your KPIs.
QuantitativeThe focus of quantitative measurement is on numerical values and how they change or stay the same over time. A framework consisting of base, reach, engagement, and conversion is a useful method to approach the concept of quantitative measurements.QualitativeIn contrast, qualitative measurement is a more nuanced approach to collecting insight and is best done on a post-by-post basis. For example, you may have set a goal to increase interactions on your brand page. And while the number of comments on your content has gone up, it’s necessary to also examine the nature of the comments. What are some examples of quantitative and qualitative data?Qualitative data deals with traits and qualities that are difficult to quantify but can be perceptually experienced, such as flavors, sensations, looks, and colors. In general, you create quantitative data when you measure something and assign it a numerical value.
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The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called:
The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
What is optimal-wage theory?Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.
Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
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An oligopoly firm is similar to a monopolistically competitive firm in that A) both firms face the prisoner's dilemma. B) both operate in a market in which
Both firms have market power.
How Do Oligopolies Work?
An oligopoly is a market structure comprising a few enterprises, none of which can prevent the others from having a sizable impact. The concentration ratio calculates the largest companies' percentage of the market. A market with a monopoly has just one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough such that each firm's activities have a major impact on the others.
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Ryan and Peter share profits in the ratio 3:2. They liquidate the partnership. The furniture and equipment sold at a loss of $50,000. The accounts receivable were collected in full and the other assets were written off as worthless. The cash balance remaining to pay the liabilities is
The cash balance remaining to pay the liabilities is P + Q + R.
What are Liabilities?A liability is a debt that a person or business has, typically in the form of money. Through the transmission of economic benefits like money, products, or services, liabilities are eventually satisfied. Liabilities are items that are listed on the balance sheet's right side and consist of debts including loans, accounts payable, mortgages, deferred income, bonds, warranties, and accumulated expenses. Assets and liabilities can be compared. Assets are items you own or owe money to; liabilities are things you owe money to or have borrowed.What are Assets?A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be useful is referred to as an asset. The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's value or improve the operations of the company. Whether it's manufacturing equipment or a patent, an asset can be viewed of as anything that, in the future, can generate cash flow, lower expenses, or increase sales.The Book Value of the total assets sold = K(let)
Now, the cumulative loss = $50,000
Therefore, the cash actually received on sale = $(K-50,000) = Q
The Accounts Actual Receivable Cash = P(let)
Therefore, The total received cash = P + Q
Existing cash Balance = R(let)
The Final Cash remaining to pay liabilities = P + Q + R.
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Since marketing research is a main data source for management information systems, _______. a. it cannot help managers serve future customers b. the findings of marketing research lead to inaccurate forecasts as the marketplace changes c. the findings of marketing research become data for management decision making d. it does not allow managers to explore alternatives
Marketing research leads to getting of relevant data for management decision making.
What is a Marketing research?This means a process of knowing the viability of a new product through a research conducted directly with potential customers.
This allows to gather relevant information about the potential customers of the product.
Therefore, the Option C is correct.
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8. If the price of gasoline across Brevard County gas stations increases by 8% but the quantity of gasoline purchased by Brevard County residents decreases by 2%, then gasoline is:
The answer is Inelastic.
Given,
the price of gasoline across Brevard County gas stations increases by 8%.
the quantity of gasoline purchased by Brevard County residents decreases by 2%.
The change in quantity demanded of a good or service when divided by the price change in percentage form the price elasticity of demand.
Price elasticity of demand = Percentage change in quantity demanded of gasoline ÷ Percentage change in the price of gasoline
Now, substituting the value in the above formula we get,
Price elasticity of demand = 2% ÷ 8%
= 0.25
Since the price elasticity for gasoline is less than 1 gasoline is inelastic in demand.
Hence, If the price of gasoline across Brevard County gas stations increases by 8% but the quantity of gasoline purchased by Brevard County residents decreases by 2%, then the demand for gasoline is inelastic.
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At the beginning of 2019, a corporation had assets of $410,000 and liabilities of $280,000. During 2019, assets increased $26,000 and liabilities increased $8,000. What was stockholders' equity at December 31, 2019
Stockholders' equity at December 31, 2019 is $148,000.
Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets.
Assets at December 31, 2019
= Beginning assets ($410,000) + Increase in assets during 2019($26,000) = $436,000.
Liabilities at December 31, 2019 = Beginning liabilities ($280,000) + Increase in liabilities ($8,000)
= $288,000.
Assets ($436,000) = Liabilities ($288,000) + Stockholders' equity.
Solve for Stockholders Equity at December 31, 2019 = $148,000.
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Which person has a comparative advantage in the production of apps, and which person has a comparative advantage in the production of soccer drills
The person who has a comparative advantage in the production of soccer drills is Eli.
Who has a comparative advantage?A person has a comparative advantage of a good if he produces the good at a lower opportunity cost when compared to another person(s).
opportunity cost of producing soccer drills for Max: 20 / 5 = 4
opportunity cost of producing soccer drills for Eli : 15/9 = 1.7
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When a seller lists his or her home with a licensee and the property does not go under contract or if the client does not agree to extend the time of the listing, then the listing will
When a seller lists his or her home with a licensee and the property does not go under contract or if the client does not agree to extend the time of the listing, then the listing will expire.
A contract that certifies a real estate agent's or broker's authority to manage the sale of real property and to be paid a fee or commission for their services.
An agreement or arrangement that allows real estate to be marketed through a service or group made up of numerous agents, with the selling agent and the agent who first lists the property splitting the commission from sales. Internet listing.
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When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.
When the price of hot dogs decreases, demand increases, increasing price, and quantity.
What is complementary good?Complement goods are the type of goods that goes hand in hand with one another and enhance each other's value.
When the price of hot dogs decreases, people demand more hot dogs. To manufacture hot dogs, more hot dog buns are required. So, the demand for hot dog buns increases. This increases the price and quantity of hot dog buns.
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Relationship Marketing is characterized by: I. A long-term perspective II. A product quality focus III. Interdependence IV. An emphasis on price Group of answer choices II, III, and IV only I, II, III, and IV I and III only I, II, and IV only I and IV only Flag question: Question 10 Question 10
I. A long-term perspective and, III. Interdependence.
Relationship marketing: What is it?Relationship marketing is a component of customer relationship management (CRM) that prioritizes long-term engagement and client loyalty over short-term objectives like customer acquisition and individual sales. Relationship marketing, also known as customer relationship marketing, aims to establish deep, even emotional relationships between a company and its customers that may result in recurring sales, unpaid word-of-mouth advertising, and customer data that might produce leads.
What is a long-term viewpoint?
A long-term customer relationship entails putting effort into developing a rapport with your clients in order to foster intense consumer loyalty for your business. The best that your company can hope for on the road to success is that.
What does "interdependence" mean?
When two subjects are interdependent, one subject's demands can be met by the resources of the other subject, and this resource exchange is reciprocal. Accordingly, the requirements of both subjects must be met by the other. These connections are prevalent practically everywhere since human beings depend on one another to exist and advance. Organizations in the business world rely on one another on a variety of different levels.
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If the proposed positioning for a new Ducati motorcycle would work just as well for a model from Suzuki or Moto Guzzi, the positioning would be failing the ________.
The Ducati company's positioning would likely be failing in strategic differentiation.
What is strategic differentiation?It is an area of marketing where companies develop products and services with unique benefits in the market, increasing the value of their brand and positioning in the market, generating a competitive advantage over their competitors.
Therefore, Ducati motorcycles have their own characteristics developed to generate brand differentiation value.
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Grover Company has the following data for the production and sale of 2,300 units. Sales price per unit $ 950 per unit Fixed costs: Marketing and administrative $ 437,000 per period Manufacturing overhead $ 333,500 per period Variable costs: Marketing and administrative $ 50 per unit Manufacturing overhead $ 80 per unit Direct labor $ 100 per unit Direct materials $ 300 per unit What is the total manufacturing cost per unit
The Total Manufacturing cost per unit = $865
Given :
Grover Company has the following data for the production and sale of 2,300 units.
Sales Price per unit: $950 per unit
Fixed Costs:
MKT & Admin: $437,000 per period
Manufacturing Overhead: $333,500 per period
Variable Costs:
MKT & Admin: $50 per unit
Manufacturing Overhead: $80 per unit
Direct Labor: $100 per unit
Direct Materials $300 per unit
Find:The Total Manufacturing cost per unit = $865
($437,000/2,300 units= $190 per unit
$333,500/2,300 units = $145 per unit
$190 + $145 +$50 + $80 + $100 + $300= $865)
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If you receive an enrollment process exception notice, your immediate action will be required in order to avoid any disciplinary actions, which may include___________________.
If you receive an enrollment process exception notice, your immediate action will be required in order to avoid any disciplinary actions, which may include
Forfeited commissionsSuspension of your contractTermination of your contractWhat is an enrollment process exception notice?This is the program that is known to be used for the people that have opened enrolment planning.
The model health plan is usually compiled by the help of the federal agencies of the government.
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Sue Ellen has a contract to buy Roger's house, which she has always admired, when Roger decides he's ready to move to a senior living community. After Roger finds a suitable senior apartment and moves, Sue Ellen writes a check for the agreed-upon amount, and Roger transfers the deed to her. What is happening in this scenario?
In this scenario, Roger wants to sell the house, and to purchase it, Sue Ellen is ready. Roger decided to sell it when found a suitable apartment in the senior apartments. Once Sue Ellen wrote a check in Roger's name, the deed transferred into Sue's name.
What is a senior apartment?Senior apartments are a special kind of apartment that are constructed with the intention of providing all the necessities to people who belong to the older adult group.
Thus, when Roger found a suitable senior apartment, the house is sold out to Sue Ellen.
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Stan owns a software design business. He does not have time to expand his office space or redesign the layout of his office. He can increase the amount of work he does by working more hours, asking his current employees to work more hours, or hiring more employees. The relationship between Stan's inputs and the maximum output his firm can produce is called his
The relationship between Stan's inputs and the maximum output his firm can produce is called his short-run production function.
What is software design?Software design is the process by which an agency develops a specification of a software artifact intended to achieve goals using a collection of simple building blocks and subject to limitations.What is the short-run production function?The short-run production function is one in which the rest of the elements are variable in nature and at least one factor of production is assumed to be fixed in supply, i.e. it cannot be increased or decreased.The amount of other inputs, such as labor, raw materials, capital, and so forth, might be adjusted while the firm's capital inputs are typically thought to be stable. As a result, among all the variables of production, it is quite difficult for the company to modify the capital equipment and boost output.
Therefore, the relationship between Stan's inputs and the maximum output his firm can produce is called his short-run production function.
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If an industry is characterized by low entry barriers, strong supplier and buyer positions, high threat of substitutes and intense competitive rivalry, then the profit potential of the industry is likely to be:
The industry is likely to be a monopolistic industry.
What is a monopolistic competition?
A monopolistic industry is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. There is an intense completion among firms in this industry. An example of monopolistic industry are restaurants
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The categories of continuous innovation, dynamically continuous innovation, and discontinuous innovation are based on levels of consumer Blank______.
It is based on level of consumer depending upon the consumer behavior.
Consumer behavior
There are different stages consumer pass through to reach a buying decision making. Consumer decision making process represents a problem-solving approach and involves the following five stages – need recognition, information search, evaluation of alternatives, purchase decision and post-purchase behavior .
Extensive problem-solving. Consumers have not yet established a criteria for evaluating the product.
Limited problem-solving. Consumers have established a basic criteria for product evaluation.
Routinised-response behavior. Consumers have some experience with the product category.
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A statement of what is to be accomplished through marketing activities is called _______. a. a marketing objective b. market opportunity analysis c. the marketing mix d. a competitive advantage
A statement of what is to be accomplished through marketing activities is called marketing objectives.
Marketing objectives are defined, attainable goals created to not only offer general guidance but also drive actions. They are SMART goals, which stands for specific, measurable, achievable, relevant, and time-based (you've probably heard the acronym before!).
The main goals of marketing are maximizing earnings and achieving customer pleasure. Customer satisfaction: A company's main goal is to meet the needs of its consumers. Ensure Profitability: Marketing is run for profit, just like every other aspect of organization.
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The market price of a security is $26. Its expected rate of return is 13%. The risk-free rate is 5%, and the market risk premium is 7.0%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)
The increase in stock risk has lowered its value by 16.09%.
What does market price mean?The price at which a good or service can currently be bought or sold is known as the market price. The forces of supply and demand determine the market price of a good or service; the price at which the quantity supplied and demanded are equal is the market price.What is current price and market price?Market value is another name for the current price. It is the last traded price for a share of stock or any other security.According to the question:
If the security's correlation coefficient with the market portfolio doubles (with all other variables such as variances unchanged), then beta, and therefore the risk premium, will also double. The current risk premium is: 13% - 5% = 8%The new risk premium would be 16%, and the new discount rate for the security would be: 16% + 5% = 21%
If the stock pays a constant perpetual dividend, then we know from the original data that the dividend (D) must satisfy the equation for the present value of a perpetuity:
Price = Dividend/Discount rate.
26 = D/0.13.
D =26 x 0.13.
D = $3.38.
At the new discount rate of 21%, the stock would be worth:
$3.38/0.21.
= $16.09.
The increase in stock risk has lowered its value by 16.09%.
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Jackson is reviewing next week's orders, scheduling orders to machines, and assigning employees to run those machines. Andrew is engaged in ________.
If he assign employees to run those machines. Andrew is engaged in planning.
What is planning?Planning is the process of forecasting and can be defined as the process of setting ahead goals and objectives a person or an individual intend to achieve in the future.
Hence, based on the scenario Andrew is engaging in planning which is why he is engaging in the following plan:
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beverly would like to take action to improve interprofessopmal communication among staff members. To be a successful agent of change, what action should beverly plan to take first
The action that Beverly has to take first to be able to promote interprofessional communication would be Collection information about the situation.
What is interprofessional communication?This is a term that has to do with the communication that takes place between the people that have similar occupation or profession.
It is when people in health are able to communicate within themselves, their patients and families in a more responsible way.
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